The past few weeks have been rough for investors as the widening spread of novel coronavirus, or COVID-19, triggered a brutal selloff in equities and commodities across the globe. Can the global markets correct more and how low can they get? While no one can predict the market bottom, historical anecdotes may offer some clues. … [Read more...] about 3 Point Analysis | When will global markets bottom out?
Viking global investors
Jain said: "RBI raised the limit FPIs can invest in corporate bonds to 15 per cent on March 30th. While this is encouraging, it is unlikely to drive investments immediately. The government's plan for easing out the lockdown after 15th April and other boosts like economic aid is crucial at this point in time."Time to show-off your poker skills and win Rs.25 lakhs with no investment. Register Now! … [Read more...] about Coronavirus pandemic | FPIs pull out record Rs 1.1 lakh cr in March amidst COVID-19 mayhem
Shitij Gandhi Technical Analyst at SMC Global Securities has a sell on the stock with target price at Rs 5,000. He is of the view that the stock after consolidating in the range of Rs 7,000 to Rs 7,500 levels has given a sharp breakdown below its 200-days exponential moving average on the daily charts and went below Rs 5,000 levels to mark its 52-week low of Rs 4,803 on March 13. … [Read more...] about Gainers & Losers: 10 stocks that moved most last week; ITC, RBL Bank, Lupin top charts
Q. What should be the trading strategy of the coming week?A. The Nifty50 has retraced 61 percent from lows of 7,500 to highs of 9,050. Therefore, 8,000-8,200 levels should act as a support zone for a bounce-back rally which can take Nifty50 to 8,800-9,000 levels. It is advisable for traders to keep a stop loss below 8,000.Q. India’s Mcap-to-GDP ratio has now slipped below FY09 levels or below the 2008 financial crisis – do you think a bottom is near? It is at its lowest since FY06. It will be difficult to say that we are near the bottom but what is a good multi-bagger opportunity for the next five years if someone invests now? … [Read more...] about April 2020 could reasonably be better as markets are deeply oversold: Umesh Mehta
IndusInd Bank has asked Morgan Stanley and Citi to approach PE players, the report said, adding that the promoters are considering diluting their stake by 5-10 percent, subject to approval by The Reserve Bank of India (RBI).The bank is looking at three-to-four investor who have “patient long-term money to invest,” sources told the publication. The investors will most probably negotiate board seats and other affirmative rights, which the bank’s promoter family and management will take into consideration, the report added. … [Read more...] about IndusInd Bank seeks $500-750 mn ‘confidence capital’, says report