Day Trading Stocks & Futures

[travi]

Escorts now 10% up many must be happy esp on a day when nifty is down by a century

Dmart 2050. New ATH and finally above 2k

 

[lemondew]

Reversal ka to kuch pata nahi but escorts just broke 820 . Just saw ltp.

 

[lemondew]

This month most of days its closing at highs. last 15-20 sessions . Just look at it.

Escorts now 10% up many must be happy esp on a day when nifty is down by a century

 

[vikas2131]

Govt say no to recapitalisation PSU banks. Trap begin ?? Govt don't have money to recap PSU banks. From where this banks will get money ? PSUs are the lender's to NBFC. Nd NBFC are lender's to consumption & auto sectors.

 

[siddhant4u]

after looking at today's market one can deduce that people are going to DMART (3.8%) for shopping and afterwards having Pizza (4.8%) in Lunch and Dinner and driving back home in Tractor

 

[afin]

after looking at today's market one can deduce that people are going to DMART (3.8%) for shopping and afterwards having Pizza (4.8%) in Lunch and Dinner and driving back home in Tractor

You seem to have forgotten Radico which makes some alcoholic drink!

 

[siddhant4u]

You seem to have forgotten Radico which makes some alcoholic drink!

View attachment 39989

I don’t track sin stocks so didn’t look for them

 

[siddhant4u]

WTF, lawyers doctors and coaching centres dont have to pay service tax!!!

https://timesofindia.indiatimes.com...aried-classes-get-the-short-end-of-the-stick/

India’s most abused taxpayers
January 30, 2020, 6:00 AM IST Rohit Saran in TOI Edit Page | Economy, Edit Page, India | TOI
Salary-earners pay highest per cent of income in taxes, get little in return and see their tax rupee get used for votes

 

[checkmate7]

PFC, REC merger hits roadblock

According to the sources, PFC has borrowed fund at an interest rate as high as 7.25 per cent for completing this deal while it is rasing money through bonds at a rate as low as 4.25 per cent for funding power sector projects.

https://www.moneycontrol.com/news/business/pfc-rec-merger-hits-roadblock-4882061.html

 

[siddhant4u]

PFC, REC merger hits roadblock

According to the sources, PFC has borrowed fund at an interest rate as high as 7.25 per cent for completing this deal while it is rasing money through bonds at a rate as low as 4.25 per cent for funding power sector projects.

https://www.moneycontrol.com/news/business/pfc-rec-merger-hits-roadblock-4882061.html

All these state owned mergers are creative accounting by govt to raise funds or debt from market.
When ONGC bought HPCL, it took loan from market to pay HPCL owner (govt). These loan is now on books of ONGC and not on Budget books of govt anymore.

In PFC’s case they already took loan from market and transferred money to govt for RECL shares. I would expect RBI to give approval soon if it’s troublesome.

Edit: one could ask, what’s problem in this? Answer is govt companies as well as govt is taking in too much debt from market which leaves very little for other private companies. With private pension and insurance companies growing in India, there is demand for ‘secure’ govt bonds. Now interest rates for prvt firms doesn’t go down even though RBI is cutting rates frequently as there is no money.