General Trading Chat

^We can pull the leg of PSUs but PSUs are required to pull the pvt sector when it fails... 2nd bank in a row now...
RBI sounds out PNB on acquisition of beleaguered Lakshmi Vilas Bank
Beleaguered bank is currently in merger talks with Clix Capital

https://www.business-standard.com/a...guered-lakshmi-vilas-bank-120092901633_1.html
Writing on the wall toh thha hi... but what happens to the minority shareholders??? Also, if PNB would have acquired it, would they be allowed to extinguish the entire existing equity like DBS was allowed?

A draft scheme proposed by the RBI clearly stated that the entire amount of the paid-up share capital and reserves and surplus, including the balances in the share/securities premium account of Lakshmi Vilas Bank, were written-off and its shares or debentures listed in any stock exchange shall stand delisted, he further said. It is even more surprising that the exchanges have not suspended the trading in the counter as the bank itself ceases to exist...
Ref:
https://www.thehindubusinessline.co...lakshmi-vilas-bank-shares/article33126427.ece
 
Ribbon, balloons, scissors ready... par chief guest kaha hai? ;)
BPCL share price opens in the red after major energy companies skip race for stake sale
Market sentiments were dampened as energy giants including Reliance Industries, Saudi Aramco and BP gave the bidding process a miss and did not submit Expressions of Interest for the 52.98 percent of the stake on sale.

https://www.moneycontrol.com/news/b...mpanies-skip-race-for-stake-sale-6129771.html
 
Guess what. 28800 CE is refusing to go down, whatever the low of the day :D

1605779789038.png


and 29000 PE ought to be 150 Rs at this point

1605779965395.png
 

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goldenedge

Well-Known Member
Hi, just a quick question.

Crude oil cover order margin with zerodha is close to 1 lakh for a single contract. I wanted to switch brokers now.

Can you recommend a broker with highest crude oil cover order margins? Ideally I want a broker that allows me to trade 1 crude oil cover order under rs 10,000.

Thanks in advance.
 
Guys, today I noticed these TRI scrips for various sectors. Looks like ETFs. Googling didn't bring up anything useful.

1605801892862.png


Can someone provide more information about it ?
 

travi

Well-Known Member
Guys, today I noticed these TRI scrips for various sectors. Looks like ETFs. Googling didn't bring up anything useful.

View attachment 44931

Can someone provide more information about it ?
Just from what i recall, i've seen on NSE website.

Now i dont know if your dropdown refers to the same, but TRI means total returns index. That generally means index return with dividend etc

So TRI Nifty 50 is
1605867787764.png


As of yest, when NS was around 12800, factoring all payouts, it is actually coming up to 18K.
I'm also surprised at this huge return :D

We should actually use this TRI as benchmark but most of the time we just talk about nifty 50 going from 10k to 12k but that is just the index - earnings.

If you see, companies that go out are weak, those that come in are strong and they deliver even better, so this active churning allows more compounding then the just the Dry NS index values.

TRI must be more like indices, not tradable scrips imo .
 

checkmate7

Well-Known Member
Last edited by a moderator:
WHO Advises Against Remdesivir For Coronavirus Treatment
US President Donald Trump was treated with remdesivir among other medicines after he tested positive for Covid-19 in October.
WorldAgence France-PresseUpdated: November 20, 2020 5:48 am IST

WHO recommendation was based on four international randomised trials.


"Paris:
The anti-viral drug remdesivir should not be used to treat Covid-19 patients no matter how severe their illness as it has "no important effect" on survival chances, the World Health Organization said Friday.

Scratching one of the few treatments that had shown some initial promise in severe patients, a WHO Guideline Development Group (GDG) of international experts said there was "no evidence based on currently available data that it does improve patient-important outcomes".
The United States, the European Union and other countries have granted temporary approval for the use of remdesivir after initial research showed it may shorten recovery time in some coronavirus patients."



https://www.ndtv.com/world-news/who-advises-against-remdesivir-for-coronavirus-treatment-2327702

Posting this here instead of the corona thread because even with vaccine, there will be false starts and false positives. The markets will get excited and react either way. I suppose that should affect only short term traders.
 

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