Day Trading Stocks & Futures

vikas2131

Well-Known Member
for sbi 150 is the only support visible currently....psu stocks are known well for wealth destruction....ppl still fancy largest bank
This could be the reason.

Government may pledge PSU shares  to raise funds

They are pledging to Central Bank , so it is Monetising by back door . Could prevent Sovereign rating downgrade. But FIIs would instantly factor in 10% to 25% of pledged amount as losses to RBI balance sheet, and adjust for risk via USD:INR rate and 25-50bps higher yield on G-secs.

https://www.livemint.com/news/india...psu-shares-to-raise-funds-11588703778526.html
 

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