The SLR slough off has finally come. It was in the works for years, while Raghuram Rajan was still working out the logistics in U Chicago 15 years back and will finally bring down India’s required reserves to 23% levels over the next 5-6 quarters. That promise is not something that happens every other day.
After a furtive foray in insurance they had to back out of and some CDs floating in the market, GS has bought over deposits from GE, taking on a new avatar as an online bank apart from a lending business for online lenders earning 8% NIMs proved the advantage of retail funding regardless of the
After the rate cut on Jan 15 and a SLR rationalisation taking RRR to 25% the Central Bank in wake of CPI and GDP data holding up a nascent recovery ( GDP modified to 6.9% on new base year hiding a few but showing better traction to results data from the last three quarters) and
DLF judgments seem to really decide speculator and investor sentiments together and adverse judgments against the erstwhile Market Cap leader for India is sooner or later liable to become a transparent weakness of the India story though one shudders to think that someone in Gujarat may already consider another smaller group to be dLF’s equal
The new Infosys starts the week below 2000 even as the Nifty tracks downward from the weekend levels and keeps its nose above 8500, Hero Honda paying for an intemperate rally as ITC hits 360 levels while ICICI Bank is up to 1480 levels. We have probably already mentioned we worry about the indiscriminate fillip to
A land of loan waivers, high energy taxes and still a Rupees Trillion in Divestment, Crude prices still falling and the markets waiting for another 6 months for a recovery probably does hint at a vital flaw why only Banks are left with potential to invest, being at the right place to take advantage of
From where I stand, the next week seems more important to traders right now, so instead of a closing out on a good note sentiment, the markets should prefer to close at near bottoms as the two days of post poolicy trading have been nudging downwards, leaving some unfinished business before stocks start their upward march