Day: June 8, 2022

Market valuation could decline further in near term but long-term growth story intact

RBI’s Monetary Policy Committee (MPC) unanimously voted to hike the benchmark policy rate (repo rate) by 50 bps to 4.90%. The marginal standing facility (MSF) rate and the newly instituted Standing Deposit Facility (SDF) rate were adjusted to 5.15% & 4.65%, respectively. However, Cash Reserve Ratio (CRR) remained unchanged at 4.50%, which is a breather …

Market valuation could decline further in near term but long-term growth story intact Read More »

Ahead of Market: 12 things that will decide D-St action on Thursday

Benchmark indices fell for another session on Wednesday as RBI hiked policy rates that will make taking loans expensive. However, analysts believe investors should not be disheartened as long term structure is positive. Here’s how analysts read the market pulse: A reasonable negative candle formed on the daily chart, placed beside the small negative candle …

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Sebi orders attachment of bank, demat accounts of Rose Valley, 4 others to recover over Rs 5,000 cr

Markets regulator Sebi on Wednesday ordered attachment of bank accounts as well as share and mutual fund holdings of Rose Valley Hotels and and its then directors to recover investors’ dues totalling over Rs 5,000 crore. This comes after they failed to comply with Sebi directions to refund the investors. In November 2017, the regulator …

Sebi orders attachment of bank, demat accounts of Rose Valley, 4 others to recover over Rs 5,000 cr Read More »

Oil on boil! Brent crude prices can rally to $145-150

After a multi-year breakout witnessed in August 2021, Brent Crude has continued to surge with a huge spike seen during February-March 2022, mainly led by the Russia-Ukraine conflict. Since then, Brent Crude has broadly been consolidating between $116-95. On the monthly timeframe, we have observed Fibonacci Extension from the October 2018 peak to the March …

Oil on boil! Brent crude prices can rally to $145-150 Read More »

India’s sugar exports at record 8.6 mn tonnes till May this year, says ISMA

Sugar exports from India, the world’s largest producer and second biggest exporter of the sweetener, touched a record 8.6 million tonne till May of the ongoing 2021-22 marketing year ending September, said the latest data released by industry body ISMA on Wednesday. The country had exported total 7 million tonne of …

India’s sugar exports at record 8.6 mn tonnes till May this year, says ISMA Read More »

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