General Trading Chat

[josefjohny]

Positive Vibes

 

[timepass]

Which scrips will be affected by RelCap downgrade ?

Reliance Capital’s default rating puts $13 billion debt of Anil Ambani group at risk

https://www.financialexpress.com/in...on-debt-of-anil-ambani-group-at-risk/1713940/

"
Mumbai-based Care cut Reliance Capital’s bonds by eight notches to D from BB, citing a delay in coupon payments on several of the lender’s non-convertible debentures, the rating company said in a Sept. 20 statement. That raises the default risk on the debt of the Reliance ADAG Group, which has ballooned to about 939 billion rupees ($13 billion) at four of its biggest units."

 

[timepass]

Relcap hits lower circuit in futures.

 

[Dr. Jan Itor]

Bear morale decisively destroyed today. Now waiting for FII approval of the current movement.
Edit: Although technically 11600-650 zone is a supply zone, so cannot dive in blindly. Need to remain watchful.

 

[timepass]

How is this news going to affect housing finance scrips tomorrow ?

SBI announces new benchmark for home loans, effective October 1

https://www.financialexpress.com/mo...k-for-home-loans-effective-october-1/1714497/

 

[timepass]

A lot of doubters are asking this question.

How're corporation tax cuts going to be financed? Is this helicopter money?
https://www.business-standard.com/a...-is-this-helicopter-money-119092300392_1.html

But I'm sure the government has all the answers, even before making the big announcements. They wouldn't take such huge steps without due preparation.

 

[primitivetrader]

A lot of doubters are asking this question.

How're corporation tax cuts going to be financed? Is this helicopter money?
https://www.business-standard.com/a...-is-this-helicopter-money-119092300392_1.html

But I'm sure the government has all the answers, even before making the big announcements. They wouldn't take such huge steps without due preparation.

yes, the loss to the govt revenue is equivalent to the money they got from RBI i think. they are pumping this money into the system through these cuts in expectation that cos will increase its capex which in turn will increase employment and the cycle of money rotation picks up in the economy;
other benefit is next qtr results of most of the cos will be good due to 10% saving in tax which will help the gdp figure artificially but the real goal is to increase the capex

 

[Dr. Jan Itor]

Anyone looking at primary market? Any views on irctc ipo? Looks quite expensive prima facie.

 

[timepass]

Some food for the bears tomorrow.

Core sector growth contracts 0.5% in August
1 min read . Updated: 30 Sep 2019, 05:23 PM ISTAsit Ranjan Mishra

• Coal, crude oil, natural gas, cement, and electricity recorded a negative growth
• This data may spur the Reserve Bank of India to cut interest rates in its policy review later this week

https://www.livemint.com/news/india/core-sector-growth-contracts-0-5-in-august-11569844267669.html

Then there will be September SIAM data for the autos tomorrow.

When is the next RBI policy announcement ?

 

[TraderRavi]

When is the next RBI policy announcement ?

on 4th october