General Trading Chat

[timepass]

OK, no more gas subsidy.

Indian government will no longer pay out direct benefit transfer for cooking gas — subsidy eliminated as oil prices fall
https://www.businessinsider.in/indi...d-as-oil-prices-fall/articleshow/77872369.cms

 

[timepass]

Freak trade in BNF. The low is around yesterday's ATP.

 

[timepass]

At present, all PEs and CEs are in the red

Except 24000 PE

 

[timepass]

24000 PE is almost out of premium. I wonder if that would be the top for the day.

Maybe it will be another NR expiry.

 

[siddhant4u]

OK, no more gas subsidy.

Indian government will no longer pay out direct benefit transfer for cooking gas — subsidy eliminated as oil prices fall
https://www.businessinsider.in/indi...d-as-oil-prices-fall/articleshow/77872369.cms

so now LPG prices will rise as par market and consumer will have to pay full price in future. Time for us to check international chart for LPG and either buy 2 or more cylinder when prices dip and burn coal/wood when it goes high..

edit: i don't defend subsidy, comment in jest only

 

[travi]

so now LPG prices will rise as par market and consumer will have to pay full price in future. Time for us to check international chart for LPG and either buy 2 or more cylinder when prices dip and burn coal/wood when it goes high..

edit: i don't defend subsidy, comment in jest only

ppl should be used to price charts as they must be doing it with petrol / diesel already

 

[timepass]

Banknifty wants to retrace to 22400 levels, it seems

Loan moratorium: Banks shouldn't declare accounts as NPAs till further order, says SC
2 min read . Updated: 03 Sep 2020, 04:45 PM ISTWritten By Anulekha Ray

• The apex court heard a batch of petitions seeking interest waiver on loan moratorium granted by Reserve Bank of India
• The Supreme Court will continue the hearing of the case on 10 September

https://www.livemint.com/industry/b...pas-till-further-order-sc-11599129403598.html

So, the next expiry should be as dull as today's.

 

[timepass]

The FM puts a poser to the lenders.

Finance Minister Sitharaman asks banks to roll out loan restructuring scheme by September 15
The minister urged lenders to immediately put in place a board-approved policy for resolution at the review meeting with heads of scheduled commercial banks and NBFCs through video conferencing.
https://www.moneycontrol.com/news/b...ructuring-scheme-by-september-15-5795051.html

 

[timepass]

Then there is special commentary from the armchair specialists.

GDP Truth: No, India didn't do better than US did

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst


Gita Gopinath confirms India's GDP most affected among G-20 countries
The IMF chief in a tweet showed India's internationally comparable quarter-on-quarter GDP shrank the most among G-20 countries at 25.6%
https://www.business-standard.com/a...cted-among-g-20-countries-120090300014_1.html

 

[timepass]

I know that our markets always fall in the shraddh period, but who is the US market mourning ?

Let's hope for a midnight tweet by Uncle Trump.