General Trading Chat

[timepass]

and it's despite festive season. GST Collection low means not much revenue for corporates either.

these numbers are of Sept, sept sales are filed in OCT.

( Unless even Sept was festive season ) bulk of sales would've been in OCT so next month we'll get to know consumer power.
All the phones on Amazon and Flipkart ka 12% GST

Agree with travi, but there will always be some overlap.

 

[siddhant4u]

Agree with travi, but there will always be some overlap.

these numbers are of Sept, sept sales are filed in OCT.

( Unless even Sept was festive season ) bulk of sales would've been in OCT so next month we'll get to know consumer power.
All the phones on Amazon and Flipkart ka 12% GST

The Goods and Services Tax (GST) collection in October declined to Rs 95,380 crore, as against Rs 1,00,710 crore in the same month a year ago, as per government data released on Friday.

This is the third consecutive month when GST mop-up remained below the Rs 1 trillion mark, despite October being a festive month.

The revenue collection in September stood at Rs 91,916 crore.



Not sure how “collection” defers with sales.

September was Ganesh festival when many people buy automobiles (at least in Maharashtra)

 

[timepass]

Yes Bank numbers are not looking stellar, are they ?

Yes Bank Q2 result: Higher provisions, DTA lead to Rs 600 cr loss; sharp increase in NPAs
Net interest income during the quarter declined 9.6 percent year-on-year to Rs 2,185.91 crore with 6 percent YoY loan degrowth.

https://www.moneycontrol.com/news/b...0-cr-loss-sharp-increase-in-npas-4595681.html

I recall Rcom, which doubled once from the 40s, and once quadrupled from around 10.

 

[timepass]

Rcom weekly

 

[timepass]

I think the bulls put out bad news just to trap the bears

Unemployment in October rises to 8.5%, highest in over 3 years
While the government has been announcing a pool of measures to increase demand, the slowdown in jobs is being viewed as the impact of slowdown on the country's economic growth.

India Today Web DeskNew DelhiNovember 1, 2019UPDATED: November 1, 2019 13:22 IST

HIGHLIGHTS

• Unemployment rate in October has climbed to 8.5 per cent
• This is the first time unemployment rate has touched
• To make matters worse, India's infrastructure output for the month of September contracted 5.2 per cent

India's unemployment rate in the month of October jumped to 8.5 per cent, which is the highest in over three years.

https://www.indiatoday.in/business/...-5-highest-in-over-3-years-1614751-2019-11-01

 

[travi]

I think the bulls put out bad news just to trap the bears

Unemployment in October rises to 8.5%, highest in over 3 years
While the government has been announcing a pool of measures to increase demand, the slowdown in jobs is being viewed as the impact of slowdown on the country's economic growth.

India Today Web DeskNew DelhiNovember 1, 2019UPDATED: November 1, 2019 13:22 IST

HIGHLIGHTS

• Unemployment rate in October has climbed to 8.5 per cent
• This is the first time unemployment rate has touched
• To make matters worse, India's infrastructure output for the month of September contracted 5.2 per cent

India's unemployment rate in the month of October jumped to 8.5 per cent, which is the highest in over three years.

https://www.indiatoday.in/business/...-5-highest-in-over-3-years-1614751-2019-11-01

No doubt there was a slowdown but things are improving.
I don't go much by all the numbers, better to see what mkt does. Some are better than others

US S&P and Nasdaq hit ATH with good job reports there.

 

[timepass]

Yes bank is all over the place today

 

[TraderRavi]

Yes bank is all over the place today

View attachment 38410

Very bad asset quality but capital infusion ka chara daala hua hai

 

[timepass]

Very bad asset quality but capital infusion ka chara daala hua hai

Asset quality is a real thing, while the capital infusion is hypothetical at present.

 

[timepass]

Banknifty has been riding its 3ema for many days now. The stoploss must be getting deep for the longs.