General Trading Chat

[timepass]

the countries who start back faster after corona will win the race. India can only pray that we could open our industry and kick-start economy faster than china or other developing ones.

Yeah, but the rating agencies are having a good time. Zero growth in this year, says Barclays.

Extended lockdown to cause $234.4 billion economic loss, says Barclays

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

IMF says 1.9%

IMF Projects India's Growth Rate at 1.9% in 2020 Amid Global Recession due to Covid-19 Crisis
https://www.news18.com/news/india/i...predicted-due-to-covid-19-crisis-2577573.html

HDFC says buy property

Real estate prices may crash up to 20% post Covid-19: Deepak Parekh

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

 

[timepass]

You can’t book Indian Railways train tickets for coming months; all passenger trains cancelled till May 3


More importantly, the national transporter has also suspended all advance reservations for train tickets until further notice. This means that you cannot book any train ticket from the IRCTC website or agents for the coming months as well.

Earlier, the national transporter had cancelled all passenger train services till April 14 but continued to take bookings for trains scheduled from April 15. With the lockdown being extending till May 3, no passenger train services will operate till that date and passengers will be given a full refund for their train tickets.

While IRCTC e-ticket holders will be refunded automatically without the need to cancel their tickets, the PRS counter ticket holders have been asked avoid going to railway stations to claim a refund. For this purpose, Indian Railways has extended the time till which the refund can be claimed so that passengers don’t rush to stations amidst lockdown.


https://www.financialexpress.com/in...-trains-cancelled-till-may-3-details/1927706/

Yeah, received SMS from IRCTC about train cancellation for my ticket for 19th. Says nothing about refunds, just "deep regrets". I have another ticket booked for 2nd May.

 

[timepass]

Dow is doing 2% green right now, but what is a bubble chart ? Read the following article, just for an interesting reading.

Dow Futures Shiver as This Bubble Chart Predicts a Terrifying Crash
https://www.ccn.com/dow-futures-shiver-as-this-bubble-chart-predicts-a-terrifying-crash/

 

[timepass]

These days one doesn't put much store by Donald Trump's tweets and hints, but the following looks like a heart warmer

Donald Trump hints at consequences for China's misinformation on COVID-19
https://www.moneycontrol.com/news/w...hinas-misinformation-on-covid-19-5140411.html

 

[bashasm]

World Health Organisation says 'we are still learning' about coronavirus


https://www.abc.net.au/news/2020-04...h-organisation-we-are-still-learning/12146142

 

[Dr. Jan Itor]

the countries who start back faster after corona will win the race. India can only pray that we could open our industry and kick-start economy faster than china or other developing ones.

Indian economy was in a downturn much before the virus. Whether we like to admit it or not, those issues that plagued the economy have not, and would not vanish even if the virus did. In fact, the current crisis presents a good opportunity to implement those pending reforms.

 

[timepass]

US approves sale of missiles and torpedoes worth $155 million to India for submarine-hunting aircraft

https://timesofindia.indiatimes.com...ine-hunting-aircraft/articleshow/75142882.cms

Missiles for medicines

Modinomics at work...

 

[timepass]

Sanofi, GSK partner to develop vaccine against covid-19
2 min read . Updated: 14 Apr 2020, 09:07 PM ISTLeroy Leo

• The two companies plan to start the first phase of clinical trials in the second half of this year
• The two firms have set up a joint task force, co-chaired by Sanofi’s global head of vaccines, David Loew, and GSK’s president of vaccines business, Roger Connor

https://www.livemint.com/companies/...-vaccine-against-covid-19-11586877771318.html

Glaxo will fill the gap, and may break its ATH. Sanofi is already doing very good.

 

[timepass]

Is this good news for Reliance ?

Reliance Industries’ mega cost-cutting plan: Tapping cheap NCD funds to replace high-cost debt
https://www.financialexpress.com/ma...-ncd-funds-to-replace-high-cost-debt/1927883/

 

[Raj232]

COVID update 13 Apr
View attachment 41744

Spiked up again .. looks like this nightmare is going to stay for sometime