General Trading Chat

[timepass]

Banknifty had a positive 315 cross today, but also missed its 3ema

 

[timepass]

For all the hoopla in the metals, SAIL peaked around 11am and had a rather steep fall in the last 15-20 minutes

 

[timepass]

More trouble for Anilbhai

Top court questions spectrum sale by bankrupt telcos like RCom, Aircel
https://telecom.economictimes.india...-of-bankrupt-telcos-questioned-in-sc/77463392

 

[timepass]

I have utmost respect for Manmohan Singh, but direct cash transfers to the public ?? Maybe it will translate into cash in Jan Dhan accounts.

Centre should take steps to undo economic disruption: Manmohan Singh
https://www.hindustantimes.com/indi...on-manmohan/story-EBafgIAKgMMHDJaMK40RIJ.html

GOI won't have that much cash, to pass on to 137 crore public, let's say 100 crore account holders (maybe 200 crore if we use chinese accounting )

 

[timepass]

Surely the markets have by now factored in GDP contraction and are now looking at post-covid scene, but still, this news will have an impact tomorrow

India June factory output contracts 16.6%
3 min read . Updated: 11 Aug 2020, 07:42 PM ISTAsit Ranjan Mishra
Data released by the National Statistical Office on Tuesday showed the IIP contracted 16.6% in June against 34% contraction in May. During the June quarter IIP contracted 35.3%, which may heavily weigh on GDP growth for that quarter, data for which is scheduled to be released by end August
https://www.livemint.com/news/india/india-june-factory-output-contracts-16-6-11597148497640.html

 

[timepass]

may be this is the reason ?

https://www.traderji.com/community/threads/mf-tradingview-charts.108095/post-1427134

A related article

Mutual funds face a moment of truth
10 min read . Updated: 11 Aug 2020, 08:19 AM ISTNeil Borate

• Fund inflows are collapsing amid economic gloom. Any resurrection will need innovative new products
• The year 2020 is a black swan for the industry—a severe recession in the economy combined with poor long-term returns in the equity space. It may have just created the perfect storm

https://www.livemint.com/mutual-fund/mf-news/mutual-funds-face-a-moment-of-truth-11597077016471.html

 

[timepass]

Why did the US markets crash late yesterday ? I remember seeing DOW 300 points higher, then this morning SGX was 1% down

 

[lemondew]

may be sgx is just reflecting the spx crash. Nifty need not fall that way. sgx doesnt clearly reflect nifty these days after the divorce.

Why did the US markets crash late yesterday ? I remember seeing DOW 300 points higher, then this morning SGX was 1% down

View attachment 43790

 

[timepass]

The asian markets have recovered a goodly bit from their bottoms.

 

[timepass]

This is why the PSU banks were so happy today

Nifty PSU Bank gains 4% on report govt may extend 'ratna' title to some lenders
1 min read . Updated: 12 Aug 2020, 12:56 PM ISTAshwin Ramarathinam

• According to media reports, the government is considering extending the 'ratna' title to state-owned lenders like State Bank of India and Bank of Baroda

https://www.livemint.com/market/sto...tna-title-to-some-lenders-11597216180546.html