Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com

Want to beat the stock market volatility? Just keep on reading this exclusive blog by Sharetipsinfo which will cover topics related to stock market, share trading, Indian stock market, commodity trading, equity trading, future and options trading, options trading, nse, bse, mcx, forex and stock tips. Indian stock market traders can get share tips covering cash tips, future tips, commodity tips, nifty tips and option trading tips and forex international traders can get forex signals covering currency signals, shares signals, indices signals and commodity signals.

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us

How the Monetary Policy Committee’s wings were clipped

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Several decisions that are part and parcel of monetary policy are no longer within the purview of the RBI’s monetary policy committee 

The Report on Currency and Finance published in February 2021 made an extraordinary statement that, “in its endeavour to achieve the policy rate voted upon by the MPC (Monetary Policy Committee), decisions involving a change in the RR (Reverse Repo) and the MSF (Marginal Standing Facility) rate and announcements thereof may be shifted out of the MPC resolution to the Reserve Bank’s Statement on Developmental and Regulatory Policies”.  Accordingly, while the Policy Repo Rate (PRR) alone remains in the preserve of the Monetary Policy Committee,  the MSF rate, Fixed Reverse Repo Rate (FRRR) as also the width of the corridor move to the domain of RBI.  This means that, with no public debate, the powers of the Monetary Policy Committee were drastically clipped.

Indeed, Jayanth Varma’s exasperation in the MPC minutes on August 6, 2021 was evident when he said, “if the reverse repo rate does not fall within the remit of the MPC, then the announcement of this rate should be in the Governor’s statement and not in the MPC’s statement”.

While such a step is flawed and the powers should be restored to the MPC at the earliest, it could be interesting to understand the possible compulsions that drove RBI to such an extreme step and its ramifications.

The one year ahead mean inflation expectations of urban households started breaching 9 per cent from November 2019 onwards.  From May 2020 onwards, they increased to 10 per cent consistently before reaching 11.5 per cent in July 2021.  In sync, retail inflation, which had breached 4 per cent in October 2019, surged ahead to 7.6 per cent by January 2020.  Thereafter, during 2020-21, average retail inflation at 6.2 per cent stood stubbornly higher than the upper tolerance threshold level of 6.0 per cent for eight consecutive months ending November 2020.  Core inflation has also persisted at around 6 per cent during recent times.

Amid this rising inflationary backdrop for almost two years (though it owed much to supply disruptions and other extraneous factors), apparently RBI was unable to convince some external members of MPC to continue with unprecedented accommodative monetary policies, which probably led to constraining the MPC’s jurisdiction.

Though no reason was offered behind such an unprecedented step, one elite argument is sometimes heard that the MPC’s jurisdiction is narrow i.e., achieving 4 per cent inflation in a stable manner while supporting growth.  The mandate for RBI is, however, very wide e.g., achieving financial stability, issuance of currency, maintaining integrity in the banking system, financial market and payment system, etc.  On closer scrutiny, this argument merely tries to create a smokescreen and puff up the role of RBI while undermining that of the MPC.  We often forget the simple truth that achieving low and stable inflation is the best medicine for ensuring financial stability, as also help achieving the RBI’s other mandates.

The RBI initially made the width of the corridor between the repo and reverse repo rates asymmetric--the gap between PRR and FRRR (the lower part of the corridor) was widened from 25 bps to 40 bps on March 27, 2020, leading to increase in total width of the corridor from 50 bps to 65 bps.  On April 17, 2020, FRRR alone was further reduced by 25 bps to 3.75 percent thereby taking the total width wider to 90 bps, without consulting the MPC.

Apart from not changing the PRR at 4.00 per cent since May 22, 2020, RBI started injecting enormous amount of liquidity. It introduced discretionary sector-specific measures from 2020-21 e.g., Targeted Long Term Repo Operations (TLTRO) 1.0 and TLTRO 2.0, Government Securities Acquisition Programme (G-SAP) including OMO purchases, Refinance to NABARD, SIDBI, etc., term liquidity for emergency health services and so on.  These led to a primary liquidity injection of as much as Rs. 10 lakh crore thereby generating, with a money multiplier of 1.5, additional system liquidity of about Rs. 15 lakh crore during this period, on top of substantial amount of foreign inflows into the economy.

Click Here:- Get  Best Stock Market Tips @ Sharetipsinfo

That accommodative monetary policy is required during the unprecedented pandemic years is incontrovertible.  What is, however, puzzling is that despite keeping PRR unchanged, RBI’s extra-ordinary accommodative stance continued even with adjusted non-food credit growth stagnating around a mere 6 percent and then sterilizing surplus liquidity.  In fact, RBI had to progressively increase its Variable Reverse Repo Rate (VRRR) auctions from Rs. 2 lakh crore during April-July 2021 to Rs. 4 lakh crore on September 24, 2021 apart from using fine tuning operations and fixed rate Reverse Repo operations for sterilizations. Nevertheless, outstanding net durable surplus liquidity skyrocketed from Rs. 3.9 lakh crore on May 22, 2020 to Rs. 11.8 lakh crore on October 22, 2021.

The pertinent point is, therefore, whether such over-activism in liquidity injection was warranted.  In fact, RBI’s resolve to anchor retail inflation to 4 per cent is getting contaminated with its over-activism.  However, such over-activism has been a win-win-win situation for the Government (financing of the ballooning of net borrowing in 2020-21, and in 2021-22 by RBI through G-SAP and OMOs), the banking sector (exchanging of its illiquid securities with liquid securities from RBI) as well as RBI (building of additional stock of government securities for sterilising surplus liquidity in the absence of Market Stabilisation Scheme (MSS).

Further, RBI’s diligence in anchoring the operating target (weighted average call rate) to the PRR has got unhinged, as it has been prevailing consistently below the FRRR for long now.  Similarly, its transmission of monetary impulse flows rather from discretionary liquidity injections to lending/deposit rates of banks instead of from PRR.

On instruments of sterilization, VRRR auctions up to 14/28 days, fine tuning operations and FRRR are poor substitutes compared to the longer term securities issued under MSS.  Shelving MSS is leading to RBI becoming the likely depository of illiquid securities.  It is difficult for a government with a large deficit to launch MSS, but given the geo-political situation, India could receive huge inflows going forward.  Hence, RBI’s incremental approach may prove inadequate.

The least the RBI should do now is retreat from exceptional liquidity, anchor inflation expectations, retrieve its operational independence and of course restore the MPC’s powers.

Article Source:- Moneycontrol

Apple may ship over 80 million iPhone 13 units during holiday quarter: Report

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Many of the iPhone 13 models, including the iPhone 13 and iPhone 13 Pro Max, have a longer wait time on several online and offline channels.

Apple may sell over 80 million units of the new iPhone 13 models during the first fiscal quarter of 2022, according to Wedbush analyst Daniel Ives. The analyst believes that the company will achieve the feat despite the ongoing chip shortage.

Ives in his investor note viewed by AppleInsider stated that the demand for iPhone 13 series is surpassing supply by 15 percent. Many of the iPhone 13 models, including the iPhone 13 and iPhone 13 Pro Max, have a longer wait time on several online and offline channels. A recent report claimed that the gap between supply and demand will last until February 2022. However, despite the constraints, Ives estimates over 80 million units being shipped by Appel during the fiscal quarter.


Click Here India’s Leading Stock market tips and Commodity tips Provider.

“Despite the chip shortage and Rubik's Cube logistics that Apple (and every other technology, auto, and retail vendor) is dealing with we are seeing tremendous demand trends both in the US and China for iPhone 13 which is a positive sign that Apple could exceed selling 80 million iPhone units in the quarter with stronger Pro versions driving higher ASPs," Ives said. The analyst further stated that Apple is on track to sell around 40 million iPhone units between Black Friday and Christmas, which could represent a record holiday pace for the company.


The iPhone 13 models received some major upgrades in the camera and battery department, with the Pro models getting major display upgrades as well. Apple launched the four iPhone 13 models with a larger battery, a faster A15 Bionic chip, up to three camera sensors on the back, each packing a larger sensor.

The iPhone 13 price in India starts at Rs 79,900 for the base 128GB storage. iPhone 13 mini, on the other hand, is available for Rs 69,900. iPhone 13 Pro Max price in India starts at Rs 1,29,900 for the base 128GB model, whereas the iPhone 13 Pro India price starts at Rs 1,19,900.

Article Source:- Moneycontrol

Share Market Closing Note - Nifty Ends Below 18000, Sensex Falls 396 Pts

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Benchmark indices ended on negative note on November 16 with Nifty below 18000 dragged by the bank, pharma, oil & gas and metals stocks.


At close, the Sensex was down 396.34 points or 0.65% at 60,322.37, and the Nifty was down 110.30 points or 0.61% at 17,999.20. About 1496 shares have advanced, 1639 shares declined, and 122 shares are unchanged.

Shree Cements, Reliance Industries, Hindalco Industries, Tata Consumer Products, SBI were among the major Nifty losers. However, gainers included Maruti Suzuki, M&M, Tata Motors, Hero MotoCorp and Tech Mahindra.

Among sectors, the PSU Bank index shed 2 percent, while Nifty Bank, Energy and Pharma indices down 1 percent each. However, Auto index added over 2 percent. The BSE midcap index was down 0.22 percent, while the smallcap index ended with marginal gains.

--------------------------------------------------------------------------------------------

Topic :- Time:3.00 PM

Nifty spot if manages to close above 18000 level then expect some sharp rise in the market in coming sessions and if it closes below above mentioned level then some decline can be seen. Avoid open short sell positions for tomorrow.

--------------------------------------------------------------------------------------------

Topic :- Time:2.50 PM

Just In:

China overtakes US in wealth gain over last two decade.

--------------------------------------------------------------------------------------------

Topic :- Time:2.30 PM

NATURALGAS Trading View:

NG is trading at 380.If it manages to hold above 377 level then expect it to rise till 384-385 levels quite soon and if it breaks and trade below 377 level then some decline can be seen in it. Buy from every decline is recommended in NG for today.

--------------------------------------------------------------------------------------------

Topic :- Time:2.00 PM

Nifty is still range bound.Nifty spot if manages to trade and sustain above 18080 level then expect some upmove and if it breaks and trade below 18040 level which is acting as immediate support then some decline can follow in it.

--------------------------------------------------------------------------------------------

Topic :- Time:1.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6064.If it manages to trade and sustain above 6080 level then expect some upmove and if it breaks and trade below 6040 level then some decline can happen in it.

--------------------------------------------------------------------------------------------

Topic :- Time:1.00 PM

Nifty is still trading with minor losses however it is likely to show good upmove and set the right roads for PAYTM shares listing on 18 Nov. 

Nifty spot if manages to trade and sustain above 18100 level then expect some quick upmove in it and if it breaks and trade below 18060 level then some decline can follow in the market. 

--------------------------------------------------------------------------------------------

Topic :- Time:1.00 PM

Just In:

ED arrests Lalit Goyal, chairman of IREO Group in an alleged money laundering case.

--------------------------------------------------------------------------------------------

Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 737.45.If it breaks and trade below 737 level then expect some further decline in it and if it manages to trade and sustain above 738.50 level then some upmove can be seen in it.

--------------------------------------------------------------------------------------------

Topic :- Time:12.00 PM

Nifty is showing some strength now. Nifty spot if manages to trade and sustain above 18100 level then expect some further upmove and if it breaks and trade below 18060 level then some decline can be seen in the market. Use all lows as an opportunity to go long in the market.

--------------------------------------------------------------------------------------------

Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex at days low, down 300 pts; RIL falls 2%, SBI 1.5%

2. Indian Railways likely to reduce passenger fares by around 15%

3. Lenders to sell Videocon Oil Ventures, Amtek Auto debt to NARCL

4. Centres tax devolution to states doubled to Rs 95K cr in Nov: FM

5. Trade group to protest against e-com websites, alleges drug sale

6. Policybazaar surges 16% after strong debut, up 43% against issue price

7. Fundraising to conclude in current fiscal, says Vodafone Idea

8. NIIT surges 41% in one week on strong Q2 results

9. Auto shares in focus; Motherson Sumi, Varroc, Sharda Motor rally up to 10%

10. More middle-class Indians making big gains from bourses than before

--------------------------------------------------------------------------------------------

Topic :- Time:11.00 AM

After flat start nifty is now trading in red zone. Nifty spot if breaks and trade below 18000 level then expect some decline in it and if it manages to trade and sustain above 18040 level then some pull back can be seen in the market.

--------------------------------------------------------------------------------------------

Topic :- Nifty Opening Note

Indian Stock Market Trading View For Today:

Nifty is likely to turn volatile as the day progresses. Nifty spot if manages to trade and sustain above 18140 level then expect some upmove and if it breaks and trade below 18080 level then some decline can follow in the market. Please note this is just opening view and should not be considered as the view for the whole day.

--------------------------------------------------------------------------------------------



The stock of Glenmark Pharma has dropped 3%, and Morgan Stanley has maintained its 'underweight' rating.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Glenmark Pharmaceuticals has been included to the Dow Jones Sustainability Index in the emerging markets category for the fourth year in a row, according to the firm.


Glenmark Pharmaceuticals' stock dropped over 3% intraday to Rs 516.45 on November 16 after Morgan Stanley maintained a "underweight" rating on the stock with a target price of Rs 554.

The main business should expand in the low to mid-teens with consistent margins, but cash conversion and speciality monetisation are the key value drivers, according to the report.

Glenmark Pharmaceuticals been named to the Dow Jones Sustainability Index (DJSI) in the emerging markets category for the fourth year in a row, the business said on November 16.

Global investors, financial analysts, and other stakeholders see inclusion on this list as very prestigious, and it serves as a standard for investors that include sustainability considerations into their portfolios, according to the report.

Glenn Saldanha, Chairman and Managing Director of Glenmark Pharmaceuticals, said, "Our inclusion in the coveted Dow Jones Sustainability Indices (DJSI) for the fourth consecutive year is a validation of our commitment to sustainability and reiterates our consistent performance across all sustainability indicators."

The addition of the DJSI underscores our dedication to uphold our sustainability strategy, which incorporates Environmental, Social, and Governance (ESG) principles to benefit our operations, stakeholders, communities, and the world as a whole."

On our live blog, you can follow all of the market action.

Other brokerages have the following to say about the stock and the company:

Lilladher Prabhudas

Glenmark Pharma has been able to sustain a high run-rate of EBITDA (earnings before interest, taxes, depreciation, and amortisation). Debt will continue to decline in FY23, owing to flat research and development costs and low capex requirements. While an increase in sales in the United States would be critical for earnings growth.

Over FY21-24E, we've assumed a 12 percent compound annual growth rate (CAGR) in EPS.

Any prospective out-licensing arrangements at Ichnos' (R&D arm) will be critical in the short term for any further meaningful debt reduction. With a target price of Rs 600 per share and a 15x FY23E P/E ratio, we recommend "accumulate."

Motilal Oswal Motilal Oswal Motilal Oswal

We cut our EPS forecasts for FY22 and FY23 by 4% each, owing to a) reduced momentum in the US generics market due to product-specific difficulties, b) continued pricing pressure on the existing portfolio, c) higher raw material costs, and d) higher logistic expenses.

Over FY21–23E, we predict an 11 percent profitability CAGR, driven by a 3%/5%/11% sales CAGR in the US/DF/Europe segment.

We estimate return ratios to remain in the mid-teens as EBITDA margins remain constant. On a limited upside from present levels, we remain "neutral."

The management expects sales growth of 10-15% in FY22 and a margin of roughly 19%. Over FY21-23E, a 13 percent PAT CAGR would be aided by a healthy India and US outlook, as well as debt reduction. Maintain a "buy" rating with a target price of Rs 625 based on a 15x FY23 P/E ratio.


Glenmark Pharma was trading at Rs 518.50 on the BSE at 10:08 a.m., down Rs 17.25, or 3.22 percent.


Exclusive | LIC firmly on course for IPO listing in March 2022: Chairman MR Kumar

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Insurance sector to remain highly competitive, and LIC is game for asserts Kumar

As the government pushes to list the initial public offering (IPO) of Life Insurance Corporation of India (LIC), the Chairman of the country's largest insurer sounded optimistic about meeting the March 2022 deadline,  Chairman, LIC, laid out the IPO road map for the insurance giant, highlighted the key challenges faced on the way to getting listed on the bourses and how LIC is preparing for heightened compliance and answerability to all shareholders and investors post listing. Apart from the IPO, stake sale of IDBI Bank is the other major task at hand for LIC. "Strategic investment in IDBI Bank has paid off," said LIC Chairman, elaborating why he sees value in the bank even going forward and how LIC would like to continue its relationship with IDBI even after the sale is concluded.

Also Read:- India Leading Stock Market Tips And Commodity Tips Advisory

He also gave an overview of the domestic insurance industry, flagging the high protection gap as a key challenge. While LIC continues to enjoy a 65 percent market share, it is eyeing a larger pie with its digital initiatives that are under way and an increased thrust on the bancassurance channel, the chairman said, as he shared the company's plan to tap the millennials. He believes that the sector will continue to be highly competitive, and LIC is ready for it. The chairman of the IPO-bound insurer sounded a bit cautious about the equity markets, even as LIC continues to be net buyer in the market despite booking profits over the past few months. He reiterated that LIC invests for the long haul and does not chase short-term gains.

Article Source:-  Moneycontrol


Indian economy back in action, says Piyush Goyal

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Piyush Goyal said that merchandise exports during April-October this fiscal stood at $232 billion and total FDI during the first four months of this fiscal rose by 62 per cent.



Indian economy is back in action and it is clear from several indicators such as rising exports and increasing foreign direct investment (FDI) inflows into the country, Commerce and Industry Minister Piyush Goyal said on Friday.

He said that merchandise exports during April-October this fiscal stood at $232 billion and total FDI during the first four months of this fiscal rose by 62 per cent.

There was growth in employment over the same month last year, and manufacturing PMI rose to 55.9 in October while services PMI reached a decade high of 58.4 in the month, Goyal said.

"India is back in action and the decade is shaping up to be a growth decade, with our exports surging and FDI in-flows and investments following a high growth trajectory,” he said at a virtual conference.

He said that global sentiments are changing from 'Why India' to 'Why not India' to now Make in India for the world’ and serve the world from India.

India Leading Stock Market Tips And Commodity Tips Advisory

Ensuring transparent, trustworthy and resilient supply chains is at the core of trade revival and India has emerged as a source of resilience and a trusted partner during COVID-19, he said

GST collection surge in October shows economy on recovery path: Minister

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Goods and Services Tax (GST) collection remained above Rs 1 lakh crore for the fourth month in a row at over Rs 1.30 lakh crore in October, indicating the impact of festive buying.


Union Minister of State for Finance Bhagwat Karad said buoyancy in GST collection in October shows the Indian economy, adversely affected by the coronavirus pandemic, is on the path to swift recovery.

Goods and Services Tax (GST) collection remained above Rs 1 lakh crore for the fourth month in a row at over Rs 1.30 lakh crore in October, indicating the impact of festive buying.

This was the second highest collection of GST since its implementation on July 1, 2017. The tax collections last month on goods sold and services rendered was 24 per cent higher than in October 2020.

"Exceeding expectations of Rs 1 lakh crore GST collection, we have achieved Rs 1.30 lakh in GST collection. This buoyant GST collection shows we are on the path to economic recovery," said Karad.

The junior finance minister was speaking at a national tax conference organized jointly by the Maharashtra Tax Practitioners Association, the All India Federation of Tax Practitioners, Goods and Service Tax Practitioners Association of Maharashtra and the North Maharashtra Tax Practitioners Association.

Also Read:-  [SEBI Registered] What is the Difference Between Stock Brokers and Investment Advisors?

The conference discussed a range of issues, including faceless tax assessment mechanism.Karad said Prime Minister Narendra Modi has advised them to focus on three key issues – financial inclusion, financial literacy and digital transaction.

He recalled the words of former President late Dr APJ Abdul Kalam that taxpayers are nation builders. India’s national budget, which used to be Rs 17 lakh crore seven years ago, has more than doubled under the guidance of PM Modi. This was made possible because of honest taxpayers…tax practitioners are chief motivators for this compliance,” he said.

Karad said there were some hiccups in GST implementation when it was introduced four years ago, but with feedback and suggestions from tax practitioners these problems are being ironed out gradually.

The aim is to make a New India which has health, wealth, and infrastructure. Finance is the most important part of it. Our aim is to create a clean and clear system which brings transparency in tax collection,” he said. The Union minister said they have to keep taking precautions against COVID-19 though a third wave appears unlikely.

Article Source:- Moneycontrol

GDP to expand at 9.5% as growth impulses strong: RBI Governor Shaktikanta Das

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Crediting the many measures taken by the government and the RBI for the faster-than-expected recovery so far, Das said the fiscal and taxation reforms especially have played key role in driving growth and reviving confidence.



Stating that growth impulses and the fast-moving economic indicators are strong, Reserve Bank Governor Shaktikanta Das on Wednesday exuded confidence in the economy clipping at the projected 9.5 per cent growth this fiscal.

Crediting the many measures taken by the government and the RBI for the faster-than-expected recovery so far, Das said the fiscal and taxation reforms especially have played key role in driving growth and reviving confidence.

These measures will continue drive growth going forward. But as the monetary measures have almost reached its limits, going forward the government has to be in the forefront to drive faster growth and the central bank can continue to support to revive the economy ravaged by the pandemic.

Citing the slew of measures the government has taken since the pandemic struck in March 2020, the governor specifically mentioned tax cuts on fuels, tax resolution for the telecom sector, annulling of the retro tax legislation, sale of Air India, plans to sell some of the public sector banks and PLI scheme as the major reforms and growth-drivers bearing fruits now.

"Though soaring global crude prices and many geopolitical issues along with other global headwinds are challenges to growth, the overall growth outlook is very positive for us. I am very confident that our GDP will comfortably grow by 9.5 per cent this fiscal because all growth impulses are very strong, and the fast-moving indicators are stronger.

"Our assessment is that we are on a path of reaching the 9.5 per cent growth comfortably," Das said at a function organised by financial daily Business Standard here this evening. But there are global headwinds as advanced economies, which have recovered faster from the pandemic and had posted higher growth numbers earlier, seem to have moderated now, he noted, putting question marks on the 5.9 per cent global GDP forecast.

But there are global headwinds as advanced economies, which have recovered faster from the pandemic and had posted higher growth numbers earlier, seem to have moderated now, he noted, putting question marks on the 5.9 per cent global GDP forecast.

Given all these global GDP may undershoot the 5.9 per cent target due to shortages of semiconductors, shipping containers, and the resultant soaring freight rates, among others. But on top of all these is that many European, Asian and American countries are still fighting the pandemic, Das said, warning this should ensure that there is no room for complacency at all.

But on top of all these is that many European, Asian and American countries are still fighting the pandemic, Das said, warning this should ensure that there is no room for complacency at all.

He also based his growth optimism on the indications coming in from bankers that investment loans are making a slow come back and will pick up steam from the next fiscal.

"Our recent interaction with bank CEOs make me confident that demand for investment capital is making a slow come back and should gather momentum from the next fiscal,” he said, when asked whether he is worried that for the first time retail loan book at Rs 28.58 lakh crore – driven largely by home loans – has surpassed corporate loan book of Rs 28.28 lakh crore as of July this year.

"Loans will go where there is demand. As of now, there is great demand for housing loans for one as we are now, in the lowest interest rate regime and ample liquidity, and for another, many people are looking for more spacious homes due to the pandemic," he said.

So it is up to banks to do risk pricing very carefully in terms of sectoral allocation of their assets. Each bank has to do its due diligence and determine the risk appetite, Das noted, parrying a direct answer to the question of whether he sees any bubble in the retail books. So it is up to banks to do risk pricing very carefully in terms of sectoral allocation of their assets.

Each bank has to do its due diligence and determine the risk appetite, Das noted, parrying a direct answer to the question of whether he sees any bubble in the retail books.

The governor also discounted the fears being raised about the government being forced to infuse capital into the RBI as in the past three years it had taken out a lot of the central bank’s reserves as dividends.

One report has pegged that the government will have to infuse at least Rs 57,000 crore to maintain the over 20 per cent capital buffer that the Bimal Jalan panel had recommended.

Also Read:-  [SEBI Registered] What is the Difference Between Stock Brokers and Investment Advisors?

One report has pegged that the government will have to infuse at least Rs 57,000 crore to maintain the over 20 per cent capital buffer that the Bimal Jalan panel had recommended.

However, Das said, "This is an alarming forecast and there is no way that the government will have to infuse capital into the central bank. But we have more than four months left to close the fiscal and we will know the exact position only by the end of the year. But all I can say is that the forecast is alarming and there will not be any need for capital infusion into the bank.

This is purely speculative. Government injecting capital into the RBI will not happen as it is very alarmist and we don’t foresee such a position, he said. On the rising forex reserves to the tune being called the Dutch problem now, he said most of the forex is built through current account deficits and we are basically a current account deficit country.

"Our reserve accretion is happening through foreign capital inflows but that also makes us responsible to make adequate reserve positions. Our point is that we should not fall back into a crisis due to low forex as happened in the summer of 2013 with the Fed’s taper tantrums.

"We want higher reserves to deal with any volatility in the forex markets as happened from May through August of 2013. We should not revisit that episode. In a way CAD is good as it brings in capital from outside."

Article Source:- Moneycontrol

FM Next week, Nirmala Sitharaman will meet with the heads of PSBs to encourage them to expand lending to help the economy.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

According to reports, the two-day conference will start on November 17 and will cover a wide range of topics, including progress on government programmes such as the Aatmanirbhar Bharat Abhiyan.

Next week, Finance Minister Nirmala Sitharaman will meet with heads of public sector banks (PSBs) to assess the lenders' performance and efforts in helping the economy recover from the COVID-19 epidemic.

According to insiders, banks would be pressed to grant loans for productive industries in order to speed up the economy's recovery.

The two-day conference, according to insiders, will begin on November 17 and will include a detailed evaluation of several components as well as progress on government projects. including Aatmanirbhar Bharat Abhiyan.

Apart from bankers, top officials from several ministries will attend to identify key difficulties with banks and offer methods to make the process go more smoothly.

The conference, which will be sponsored by the Finance Ministry, will include top officials from infrastructure ministries, agriculture, and related sectors.

The meeting with the MDs and CEOs of PSBs is regarded crucial because of the banking sector's relevance in generating demand and promoting consumption, according to sources.

The gathering takes place at a time when banks are launching outreach programmes to encourage lending in the productive sectors.

As of October 31, banks had sanctioned 13.84 lakh loans totaling Rs 63,574 crore through 10,580 camps organised around the country since the government's countrywide Credit Outreach Program began on October 16.

According to statistics released by the Finance Ministry, business loans totaling Rs 21,687.23 crore were approved for 3.2 lakh borrowers, while vehicle loans totaling Rs 4,560,39 crore were approved for 59,090 borrowers.

The conference is anticipated to take stock of the banking industry, as well as progress on the Reserve Bank of India's (RBI) restructuring 2.0 programme, according to sources. The redesigned Rs 4.5 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) will also be discussed.

In addition, they claimed, the Finance Minister is anticipated to assess the bad loan or non-performing asset (NPA) status and discuss possible bank recovery options.

NPAs have decreased from Rs 7,39,541 crore on March 31, 2019 to Rs 6,78,317 crore on March 31, 2020, and further to Rs 6,16,616 crore on March 31, 2021, thanks to the government's identification, resolution, recapitalization, and reform plan. crore as on March 31, 2021 (provisional data).

Also Read:-  [SEBI Registered] What is the Difference Between Stock Brokers and Investment Advisors?

The government recently informed Parliament that thorough actions were taken to regulate and effect recovery of NPAs, allowing PSBs to collect Rs 5,01,479 crore during the previous six financial years.

The finance ministry has developed a uniform'staff accountability framework' for NPA accounts up to Rs 50 crore to allay lenders' anxieties.

In order to safeguard honest bank personnel, the government has created a structure under which executives would not be prosecuted if their choices on loans up to Rs 50 crore go wrong.

According to the Finance Ministry's guidelines, the framework would only cover legitimate choices, not those containing wrongdoing or malafide motives. It lays out the specifics of how such acts of omission and conduct by bank officials will be investigated, as well as the procedures that will be followed.

The framework also provides for the resolution of such claims against bankers, saving them time and effort. The framework also provides for the resolution of such claims against bankers, saving them time and effort.

"Within six months of the account being classified as NPA, banks must undertake and execute a staff accountability exercise," the government stated. In the In the past, several senior bankers have been arrested in loan default cases.

Share Market Closing Note Sensex, Nifty end flat amid volatility

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Benchmark indices ended with marginal losses in the volatile session on November 9.


At Close, the Sensex was down 112.16 points or 0.19% at 60,433.45, and the Nifty was down 24.20 points or 0.13% at 18,044.30. About 1958 shares have advanced, 1269 shares declined, and 162 shares are unchanged.

M&M, Tata Motors, Hero MotoCorp, ONGC and SBI were among the major Nifty gainers. Losers included Britannia Industries, HDFC Bank, Maruti Suzuki, JSW Steel and Power Grid.

Among sectors, auto and capital goods indices added 1 percent each, while buying is seen in the power, oil & gas, pharma names. However, metal and banking names remained under pressure. The BSE midcap index was up 0.8 percent and smallcap index rose 0.67 percent.

--------------------------------------------------------------------------------------------

Topic :- Time:3.15 PM

Just In:

India may get $1 bn FII boost post revamp of MSCI index.

--------------------------------------------------------------------------------------------

Topic :- Time:3.00 PM

Nifty is declining further and is now trading near to its important support. Nifty spot close above 18000-17980 levels will result in pull back in coming session and if it closes below above mentioned level then some sluggish movement can be seen.

--------------------------------------------------------------------------------------------

Topic :- Time:2.30 PM

GOLD Trading View:

GOLD is trading at 48075.If it manages to trade and sustain above 48120 level then expect some upmove in it and if it breaks and trade below 48020 level then some decline can follow in it.

--------------------------------------------------------------------------------------------

Topic :- Time:2.20 PM

Just In:

Spike in home registrations in Mumbai during the Diwali week soon after October 2021 saw property registrations hit a 10-year high.

--------------------------------------------------------------------------------------------

Topic :- Time:2.10 PM

Important Alerts:

1. M&M share price jumps nearly 3% ahead of September quarter earnings

2. TVS Motor shares hit 52-week high on plan to raise funds for EV business

3. KFC operator Sapphire Foods IPO subscribed 31%; retail investors portion booked 1.68 times on day 1

4. Crypto market value tops $3 trillion for first time

--------------------------------------------------------------------------------------------

Topic :- Time:2.00 PM

Selling pressure is mounting in the market. Nifty is not able to sustain higher levels today. Nifty spot if breaks and trade below 18000 level which is good support zone then expect some further decline in the market and if nifty manages to holds it then some quick pull back is expected in the market.

--------------------------------------------------------------------------------------------

Also Read:- [SEBI Registered] What is the Difference Between Stock Brokers and Investment Advisors?

Topic :- Time:1.30 PM

COPPER Trading View:

COPPER is trading at 738.60.If it holds below 740 level then expect it to test 734 level quite soon and if it manages to trade and sustain above 740 level then some upmove can be seen in it.

--------------------------------------------------------------------------------------------

Topic :- Time:1.10 PM

Nifty is still trading in a range. Nifty spot if manages to trade and sustain above 18060 level then expect some upmove and if it breaks and trade below 18020 level then some decline can be seen in the market.

--------------------------------------------------------------------------------------------

Topic :- Time:12.10 PM

Just In:

Paytm IPO Alert: Total subscription at 34% on Day 2, retail portion booked 98%.

--------------------------------------------------------------------------------------------

Topic :- Time:12.00 PM

Nifty is trading with minor losses. Nifty spot if breaks and trade below 18040 level then expect some further decline in the market and if it manages to trade and sustain above 18080 level then some upmove can be seen in the market. Currently Nifty spot is trading at 18057.

--------------------------------------------------------------------------------------------

Topic :- Time:11.30 AM

News Wrap Up:

1.  Broader indices outrun; Sapphire Foods IPO subscribed 18% so far

2. Live news updates: 4 die in Tamil Nadu rains, parts of Chennai flooded

3. Overseas funds seek relaxations in IPO payment rules from Sebi

4. $3 trillion-strong! Crypto world hits record market cap as ether, bitcoin gain in trade

5. FPIs can invest in debt securities issued by InvITs, REITS: RBI circular

6. Britannia Industries dips 5% on margin disappointment in Q2

7. S H Kelkar and Co zooms 19% after 10% equity changes hands via block deals

8. TVS Motor soars 11%, nears record high on fund raise buzz for EV subsidiary

--------------------------------------------------------------------------------------------

Topic :- Time:11.00 AM

Stock Market Live Commentary For 09 Nov 2021:

After flat opening nifty is trading in red zone. Nifty spot if manages to trade and sustain above 18040 level then expect it to rise and if it breaks and trade below 18000 level then some decline can be seen in the market.

--------------------------------------------------------------------------------------------



  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us