Q) What are the important events and levels on Nifty which one should track in the coming week?A) The Nifty50 formed a Doji pattern on the daily charts and a ‘Hammer’ formation on the weekly scale after falling 1.2 percent for the week. After defending the psychologically important 9,000-mark, Nifty closed below 9,050. … [Read more...] about ‘Rate cut could benefit auto companies, watch out for Hero, Maruti Suzuki & Eicher Motor’
Interest rate on auto loan with 700 credit score
Road to Credit Guarantee CorporationThe government formed a working group comprising custodians of the nationalised banks. In its report, the group said while the objective of giving loans to neglected areas was noteworthy, it will also lead to risks for the banking system. The best way would be to pool these risks and cover them under a common guarantee scheme. To avoid moral hazard, guarantees would be capped at 75 percent of the losses so that banks do proper loan appraisal. The guarantee fee was pegged at 0.25 percent of the loans, open to review. Interestingly, the government credit guarantee scheme had a fee of 0.1 percent for SSIs. … [Read more...] about Credit guarantees of 1970s make a comeback
The economy looks certain to contract in FY21. We could see double-digit contraction in Q1FY21. Second half of the year could be better as cumulative monetary and fiscal stimulus and pent up demand provide tailwind to growth. Overall, the economy could contract by 3-4 perrcent in FY21. Inflation is likely to remain elevated in Q1FY21 as supply constraints and hoarding keep prices high. However, weak aggregate demand is likely to push inflation down later in the year. In FY22, growth could see sharp rebound due to low base and some pick up in momentum. … [Read more...] about ‘Need more stimulus with focus on GST cut, wage support, higher MNREGA spend’
Simply Save podcast | Can debt funds really assess credit risk? Coronavirus Essential podcast | Kerala see another wave of infections; MHA refutes lockdown 5.0 claims; SC takes note of migrant issue Taking Stock | Market rises for second day in a row; investors richer by nearly Rs 2 lakh cr in a day … [Read more...] about Coronavirus Essential podcast | RBI’s push to revive economy, does COVID-19 spread through corpses?
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about Hold Dabur India; target of Rs 492: Arihant Capital