MTM
Leading Indian hedge fund Avendus Capital sees banking as a top bet
Avendus Capital CEO Holland uncertain about pre-budget rally, mentions potential capital gains tax change ahead of India's full budget presentation in July
HDFC Life Insurance Company: Sideways
HDFC Life Insurance Company’s daily trend is sideways. The RSI for monthly, weekly and daily are showing sideways momentum. Based on option chain analysis, the range is between 580 and 620. Let’s plan a trade around this.
Mahindra & Mahindra Financial Services: Sideways
Mahindra & Mahindra Financial Services’ daily trend is sideways. The RSI for monthly, weekly and daily are showing sideways momentum. Based on option chain analysis, the range is between 260 and 300. Let’s plan a trade around this.
Oil & Natural Gas Corporation: Bullish to sideways
Oil & Natural Gas Corporation’s daily trend is bullish to sideways. The RSI for daily is showing sideways momentum, however, the RSI for monthly and weekly are showing bullish momentum. Based on option chain analysis, the range is between 250 and 300. Let’s plan a trade around this.
JSW Steel: Sideways
JSW Steel’s daily trend is sideways. The RSI for monthly, weekly and daily are showing sideways momentum. Based on option chain analysis, the range is between 800 and 900. Let’s plan a trade around this.
Mark-to-market gains vs inflows: What's behind equity MF AUM growth?
The overall AUM is up 20% CAGR (FY14-24E), while equity AUM has seen a sharper increase of a CAGR of 32% over the past ten years (FY14-24E). Here is a breakdown of how MTM (mark-to-market) and net inflows have contributed to the growth of equity AUM over different financial years, according to a report by Axis Securities.
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Larsen & Toubro: Bearish to sideways
Larsen & Toubro’s daily trend is bearish to sideways. The RSI for weekly and daily are showing sideways momentum, however, the RSI for monthly is showing bullish momentum. Based on option chain analysis, the range is between 3300 and 3500. Let’s plan a trade around this.
Bank of Baroda: Bullish to sideways
Bank of Baroda’s daily trend is bullish to sideways. The RSI for monthly, weekly and daily are showing bullish momentum. Based on option chain analysis, the range is between 210 and 280. Let’s plan a trade around this.
Bharti Airtel: Bullish to sideways
Bharti Airtel’s daily trend is bullish to sideways. The RSI for daily is showing sideways momentum, however, the RSI for monthly and weekly are showing bullish momentum. Based on option chain analysis, the range is between 1000 and 1200. Let’s plan a trade around this.
LIC shares rally 6% on upgrades, increased target prices on solid Q3. Should you chase the momentum?
Global broking firm JPMorgan upgraded LIC to overweight from neutral and raised the target price to Rs 1,340 from Rs 690 earlier. Stating that price outperformance could continue in the near term, it recognised the growing market interest in the relative valuation merit of PSUs over private players.
Tata Consumer Products: Bullish to sideways
Tata Consumer Products’ daily trend is bullish to sideways. The RSI for monthly, weekly and daily are showing bullish momentum. Based on option chain analysis, the range is between 1100 and 1200. Let’s plan a trade around this.
Beyond the buzz: Navigating the market trends for 2024
The first quarter posed challenges for Indian indices with the Hindenburg research report, the hawkish Fed, and the SVB crisis. The budget sparked hope, laying a foundation for sustainable domestic growth, albeit with the removal of indexation benefits on debt instruments.
Confident and calculated: Interim Budget 2024-25 strikes a smart balance
The unexpected Fiscal Deficit target for FY25, set at 5.1% of the GDP, pleasantly surprised the market, which had anticipated a higher figure. Keeping such an aggressive target has several positive implications for the market.
LIC Housing Finance: Bullish to sideways
LIC Housing Finance’s daily trend is bullish to sideways. The RSI for monthly, weekly and daily are showing bullish momentum. Based on option chain analysis, the range is between 600 and 650. Let’s plan a trade around this.
IDFC: Bullish to sideways
IDFC’s daily trend is bullish to sideways. The RSI for weekly and daily are showing sideways momentum, however, the RSI for the monthly is showing bullish momentum. Based on option chain analysis, the range is between 115 and 120. Let’s plan a trade around this.
Mahindra & Mahindra Financial Services: Sideways
Mahindra & Mahindra Financial Services’ daily trend is sideways. The RSI for monthly, weekly and daily are showing bullish momentum. Based on option chain analysis, the range is between 270 and 300. Let’s plan a trade around this.
India's re-jig of banks' investment rules to boost govt debt appetite
The Reserve Bank of India (RBI) has removed the cap on how much banks can invest in bonds they intend to hold to maturity. This move is expected to increase their appetite for government securities and benefit their bottom lines. Government bonds are the most common form of investment in this category. The removal of the cap will also reduce earnings volatility and drive mark-to-market gains for lenders.
We shouldn't have any challenge as far as quality of book is concerned: Dinesh Kumar Khara
I think war perhaps might continue because some of the banks are still having the credit deposit ratio as high as about 85% plus. So I think that will probably push them to clamour for liabilities. So war might continue, but how long? We will have to probably wait and watch because how much more they can shell out to be seen when they would not have any possibility of increasing their MCLR, etc., because as I indicated that we seem to be in a long pause situation.
Banks face losses of up to 10% on long-dated G-Secs as yields rise
"As per our analysis, if the losses are fully realised which is unlikely in our view on the held-to-maturity book, the range of impact on net worth could be 2-10% for Indian banks," said Suresh Ganapathy, associate director, Macquarie Capital. "However, this remains a theoretical exercise and unlikely to crystallise."
Finance Ministry seeks data on state-bank bond portfolios amid global banking turmoil
India has asked state-owned lenders to submit details of their bond portfolios ahead of a quarterly meeting between the government and banks this Saturday, amid the turmoil in global banks. The data collection process has been going on for the last few days and is more of a precautionary exercise because the government "does not want to be caught off-guard" if the crisis spirals further, the banker added.
'Momentum selloff', margin calls singe mid- & small-caps
Margin calls become inevitable when there is a shortfall in the minimum deposit that traders must maintain with brokers in borrowed trades.
Sensibull CEO Abid Hassan to talk on MTM fake profit scam on ETMarkets Live Stream
During the LIVE discussion, Hassan will explain how some finfluencers generate fake MTM screenshots to impress gullible younger traders on social media. The expert will explain to the audience how one can identify such fake profit claims made by some traders on social media channels.
PSBs clock 9% rise in profit to Rs 15,306 crore in April-June
Of the total 12, three lenders - State Bank of India (SBI), Punjab National Bank (PNB) and Bank of India - reported fall in profits ranging from 7-70%. Decline in profit by these lenders has been attributed to Mark-to-Market (MTM) losses due to hardening bond yields.
Mark-to-market provisions: Banks may knock on RBI's doors again
The country's largest lender State Bank of India on Saturday (SBI) reported a 6.7% drop in standalone profit after tax to ₹6,068 crore for the June quarter after it booked ₹6,549 crore MTM losses on its investment book. Its operating profit dropped to ₹12,753 crore in the April-June period from ₹18,975 crore in the year earlier, dented by MTM losses.
Earnings, global cues to set market trend this week: Analysts
"This week market will deal with the last batch of Q1 earnings where it will react to SBI, HPCL and BPCL results on Monday, while Adani Ports, Bharti Airtel, PowerGrid, Coal India, Eicher Motors, Hindalco, Grasim, Hero Motocorp, LIC, ONGC and Bata India will be other prominent earnings during the week," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
SBI posts surprise loss in Q1 due to treasury losses
RBI increased its benchmark repo rate for third time within four months on Friday as it reiterated its commitment to bring inflation down below its outer limit of 6%.The large investment losses overshadowed an otherwise solid performance with a loan growth of 15% driven by a 19% growth in retail loans and a 11% increase in corporate loans.
Banks stare at huge MTM losses as yields rise
Banks are staring at significant mark-to-market losses in April-June quarter as some of them approached the Reserve Bank of India seeking a one-off relaxation following rises in bond yields.
Banks may seek leeway to amortise MTM losses on bond holdings in Q1
Several banks met last week to discuss a possible representation to the Reserve Bank of India (RBI) for allowing them to amortise the 'mark to market' (MTM) losses on bond holdings of the first quarter over the entire year. Such a dispensation allowed by RBI in the past would let banks spread the loss and use their capital more profitably.
India’s $10-bn investment in semiconductors is decent but not enough. Here’s how it can be optimised best
Though India was slightly late in the semiconductor game, Raj Kumar, Founder and Group CEO, IGSS Ventures, said this could be used to the country’s advantage.
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