General Trading Chat

[timepass]

Maybe USDINR will react to this news tomorrow. Anyway, for the budget week, it won't be a surprise if the USD becomes expensive for a while.

Current account deficit widens to 2.1% of GDP

https://www.livemint.com/news/india...more-than-halves-in-q4-rbi-1561726011873.html

 

[siddhant4u]

Maybe USDINR will react to this news tomorrow. Anyway, for the budget week, it won't be a surprise if the USD becomes expensive for a while.

Current account deficit widens to 2.1% of GDP

https://www.livemint.com/news/india...more-than-halves-in-q4-rbi-1561726011873.html

Worrying news is -

• India had a fiscal deficit of ₹3.66 tn in the first two months of this fiscal year, which is 52% of its full-year target

 

[timepass]

Looks like good news for the PSU Banks.


https://www.firstpost.com/business/...ut-where-is-the-plan-of-action-2-6901571.html

RBI Financial Stability Report: There is good news and bad news, but where is the plan of action?

"..........Let us look at banks first. The FSR is happy with the state of the banking system as the gross non performing asset (NPA) ratio is 9.3 percent for all banks as of March 2019 and is likely to come down to 9 percent by March 2020. More importantly, the asset recognition process is completed and from now on the NPAs will be on new credit given and not legacy lending. This is good news. Also, banks are better capitalised today and public sector banks (PSBs) average of 12.2 percent is commendable and the support provided by the government has helped........."

 

[timepass]

Looks like the trade war is over. Maybe we will see a lot of green in the indices.

Trump says agreed US won't raise tariffs, China will buy US farm goods

Read more at:
//economictimes.indiatimes.com/articleshow/70000328.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 

[timepass]

What's wrong with the present GST filing system ??

Centre to roll out new GST return filing system from October, host of other reforms

https://indianexpress.com/article/b...eturn-filing-system-finance-ministry-5807582/

 

[timepass]

Let's see how much difference happens in the bank charges. I resent the Rs.3.46 charge on Rs. 2000 rent paid through NEFT. Wasn't there for many years. I'm sure it is a deterrent for net banking.

Fund transfer via RTGS, NEFT set to get cheaper from Monday

https://economictimes.indiatimes.co...-cheaper-from-monday/articleshow/70010742.cms

 

[timepass]

Now, is this a good news for ADAG or a bad news ??

Reliance MF extends repayment date on Reliance Home Finance NCDs

https://www.moneycontrol.com/news/b...te-on-reliance-home-finance-ncds-4151851.html

 

[timepass]

The market breadth being negative most of the days, some big ones have carried the load for the index.

Five of top-10 firms add Rs 36,839 crore in m-cap; SBI leads

https://www.moneycontrol.com/news/b...s-36839-crore-in-m-cap-sbi-leads-4153001.html

 

[timepass]

This is a good news for whom ?? Or is it a bad news all around.

Bank of Baroda buys ₹3,000 crore DHFL loans
3 min read . Updated: 30 Jun 2019, 11:51 PM ISTShayan Ghosh

• Transaction will help BoB pare its loan exposure to the non-bank lender
• Since the acquired loans are higher rated assets, the quality of the state-run bank’s loanbook will improve

https://www.livemint.com/industry/b...uys-3-000-crore-dhfl-loans-1561918469952.html

 

[timepass]

Are the metals looking good for long intraday ?