Day Trading Stocks & Futures

TraderRavi

TraderRavi

low risk profile
#6,261
#6,261
re: Day trading Nifty & Banknifty Futures

Government pumps Rs 14000cr in public sector banks

It’s a Diwali bonaza for India’s public sector banks with the finance ministry releasing 14000 cr for their capitalisation today. The break up was decided in a meeting attended by PSB chiefs and the finance minister. What’s even better, the government has promised to give banks more than the budgeted amount of 14,000 crore as capital through a second tranche that will come in before March, reports CNBC-TV18 Rituparna Bhuyan.



Read more at: http://www.moneycontrol.com/news/cn..._974380.html?topnews=1&utm_source=ref_article
 
TraderRavi

TraderRavi

low risk profile
#6,262
#6,262
re: Day trading Nifty & Banknifty Futures

TraderRavi said:
Government pumps Rs 14000cr in public sector banks

It’s a Diwali bonaza for India’s public sector banks with the finance ministry releasing 14000 cr for their capitalisation today. The break up was decided in a meeting attended by PSB chiefs and the finance minister. What’s even better, the government has promised to give banks more than the budgeted amount of 14,000 crore as capital through a second tranche that will come in before March, reports CNBC-TV18 Rituparna Bhuyan.



Read more at: http://www.moneycontrol.com/news/cn..._974380.html?topnews=1&utm_source=ref_article
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BNF gapup ?
 
TraderRavi

TraderRavi

low risk profile
#6,263
#6,263
re: Day trading Nifty & Banknifty Futures

Industry sees 25 bps hike in policy rates on Oct 29: Survey

An industry poll conducted by RBS India today said majority participants are expecting RBI Governor Raghuram Rajan to hike the key policy rates by at least 0.25 percent next week when he unveils the second quarter review of Monetary Policy 2013-14.

"More than 55 percent of the respondents are expecting a 25 bps hike in the repo rate in this policy cycle, and a similar hike in the reverse repo rate as well," RBS India said in a pre-policy survey. The RBS client survey covered 150 local market participants, including corporate clients, banks, insurance companies and mutual funds among others and 56 percent of the responses came in from corporate clientele and rest from financial institutions. Nearly everyone (97 percent) expects the Governor to leave the cash reserve balance requirements unchanged at 4 percent, it said. In the mid-quarter review, the Reserve Bank had increased the repo or the rate at which it lends to banks by 25 bps to 7.5 percent, while also partially reversing the July 15 tightening steps by reducing the MSF gap by 75 bps to 9.5 percent. The reverse repo is currently pegged at 6.5 percent, while the repo is 7.5 percent. One basis point (bps) is equal to 0.01 per cent. The survey said the market expects the rupee to remain in the range of 59-64 in the medium term. Around 42 percent see the rupee strengthening to below 62 to the dollar by December end, while only 35 percent expect the same by March. Around 89 percent expect CRR to remain unchanged while 5 percent expect a 25 bps cut by March. Around 65 percent expect at least a 25 bps hike by March 2014 while around 18 percent expect no change.

Read more at: http://www.moneycontrol.com/news/ec..._974577.html?topnews=1&utm_source=ref_article
 
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