General Trading Chat

[preetparm]

These are company deposits and are unsecured. Bank Deposits comes with guarantee just 1 lakh Rs and not 10 Lakh.

Below from RBI Site

Seems Government Securities (G-Secs) are more safer than FD, as stated by Zerodha :
Sovereign Guarantee
Unlike other fixed income products like bank FD's, debt funds etc that carry a credit risk, G-Secs are guaranteed by Govt. of India.

 

[timepass]

What is this hassle of LIC Jeevan Saral Policy ??

SC dismisses PIL seeking scrapping of LIC Jeevan Saral Policy
1 min read . Updated: 15 Jul 2019, 04:16 PM ISTPrathma Sharma

• The PIL had alleged mass cheating by Life Insurance Corporation of India (LIC) through its Jeevan Saral policy
• It was alleged by the petitioner that the Jeevan Saral Policy holders have been misled and cheated by LIC

https://www.livemint.com/insurance/...of-lic-jeevan-saral-policy-1563185109570.html

 

[timepass]

So, India's exports fell last month. Maybe USDINR will react badly tomorrow.

Amid trade tensions, India's June exports fall 9.7% to $25 billion
1 min read . Updated: 15 Jul 2019, 07:44 PM ISTAsit Ranjan Mishra

• June trade deficit narrows to $15.28 billion; merchandise imports decrease 9.06% to $40.29 bn
• The escalating trade war between the US and China and rising protectionism have cast a shadow on India’s prospects for higher exports

https://www.livemint.com/news/india...rts-fall-9-7-to-25-billion-1563199917049.html

 

[timepass]

Ashok Leyland has been looking for an excuse to go down. Maybe now is a good time.

Ashok Leyland temporarily shuts Pantnagar plant for nine days over weak demand
1 min read . Updated: 15 Jul 2019, 07:53 PM ISTAmit Panday

• Industry outlook is another reason that the Pantnagar plant will remain closed from July 16-24
• Ashok Leyland’s CV production in June stands at 12,690 units, down 21.35% y-o-y

https://www.livemint.com/auto-news/...nine-days-over-weak-demand-1563199302295.html

 

[timepass]

Looks like Dow is having an NR session. Maybe it is waiting for an explosion on either side.

 

[timepass]

Maybe the PSU banks will be happy tomorrow also

RBI slaps Rs 7 crore fine on SBI for non-compliance of directions
Separately, RBI also penalised Union Bank of India with a Rs 10 lakh fine for non-compliance of cyber security norms.
https://www.moneycontrol.com/news/b...for-non-compliance-of-directions-4207601.html

 

[Riskyman]

@timepass Seeing this across all sectors.

India slowdown to increase profitability challenges for pharma companies in Q1

Mumbai: Data from pharmaceutical market research company AIOCD Pharmasofttech AWACS Pvt. Ltd shows that growth in Indian pharmaceutical market dropped to a seven quarter low between April and June this year.

“1Q FY20 market growth stood at 7.9%, the slowest in the past seven quarters and one of the lowest in past five year," Jefferies India Pvt. Ltd said in a note, citing the AIOCD data. The deepening slowdown in the Indian drug market will intensify profitability challenges for pharmaceutical companies.

https://www.livemint.com/market/mar...for-pharma-companies-in-q1-1563190054050.html

 

[timepass]

..and Dow stayed rangebound yesterday, NR session. Maybe a big move today.

Looks like Dow is having an NR session. Maybe it is waiting for an explosion on either side.

View attachment 36210

 

[timepass]

BoB has open = Low, but is not really looking strong, is it ??

 

[timepass]

Is anyone facing problems with TradeTiger after an update today or yesterday ??