Daily Market Analysis – 9th Nov 2020
Post Joe Biden’s selection as U.S President, there is positivity in the Indian stock market. The Indian pharma sector will expect to benefit from Biden as he proposes affordable health insurance by protecting and strengthening The Affordable Care Act, which ensures a reduction in healthcare costs and access to health insurance for Americans. Gold and Silver rallied for the same...
Daily Market Analysis – 4th Nov 2020
NABARD gives clean chit to Reliance Commercial Finance Government owned National Bank for Agriculture and Rural Development (NABARD), the second-largest lender to Reliance Commercial Finance Limited with over Rs 1,100 crore of secured loan exposure, has given it a clean chit and has removed its red flag. NABARD had classified the account of RCF as a red flag on February 25, 2020....
Daily Market Analysis – 3rd Nov 2020
India’s October factory growth at decade high India’s factory activity expanded at its fastest pace in over a decade in October as demand and output continued to recover strongly from corona virus-related disruptions. Companies were convinced that the resurgence in sales will be sustained in coming months, as indicated by a strong upturn in input buying amid restocking...
Daily Market Analysis – 2nd Nov 2020
Telecom Sector Telecom sector is looking at another potential turnaround as Airtel’s net subscriber additions in the past quarter are the highest. Last week Airtel declared an addition of 13.9 million subscribers mostly in 4G as compared to Jio’s 7.3 million additions. In addition, Airtel has done well to keep its churn ratio to an all-time low level of 1.7%. Retention of Postpaid...
Daily Market Analysis – 30th Oct 2020
Government is being Aggressive for Air India Privatization Bid allowed on basis of Enterprise Value Due to uncertainties caused by Covid – 19, Bidding norms for the privatization of Air India is changed. Now we will see bidding on the basis of its Enterprise Value (EV). The EV will comprise of 15% cash payment to the government and debt takeover up to 85%. Earlier, The buyer was required...
Daily Market Analysis – 29th Oct 2020
SBI raises $1 Billion from a group of Japanese Lenders led by Japan Bank for International Cooperation (JBIC). The Sovereign backed JBIC will extend $600 Million, the rest will be funded by MUFG Bank, SMBC, Mizuho Bank, Shizuoka Bank and Bank of Yokohama. Japan offers Loans at relatively cheaper rates averaging around 2.4% from 1972 until 2020. India is one of the favored nations for...
Daily Market Analysis – 28th Oct 2020
Blue dart prepares for Vaccine Shipment – Blue Dart is now working with Pharma companies to prepare for covid -19 vaccine as there transfer partner. They are closely working with Pharma companies in covid vaccine development phase and there is specific requirement of temperature ( upto-80* c). we can see the good rally in logistic sector in next 1 years time...
Daily Market Analysis – 27th Oct 2020
The Johnson and Johnson coronavirus vaccine trial which has paused earlier this month due to an illness in a participant is all set to restart after an independent committee decided that, the illness was not related to the vaccine. Johnson and Johnson may come out with the vaccine as early as January 2021. Tata Motors has received an order for 6400 Tata Mini Gold from the Andhra...
Daily Market Analysis – 26th Oct 2020
IndusInd Bank says report on merger with Kotak Mahindra Bank is untrue and malicious IndusInd Bank said that the management is not aware of any deal talks with Kotak Mahindra Bank and the promoters have already denied the merger report. IIHL is promoted by the Hindujas and a broad base of other successful NRIs from the overseas Indian diaspora. Kotak Mahindra Bank has denied commenting on...