Mumbai: The Bank Nifty sees shorting in huge because of the fear of rising No-Performing Assets (NPA’s” Loom. The Bank Nifty could move over 8% range with a downward bias in the coming week due to heavy call selling expiry options on May 28, 2020, reported by Ram Sahgal.
The Securities and Exchange Board of India has allowed mutual funds to list mutual funds schemes that are in the process of winding up on the stocks exchange. This move will give investors a window to exit from such products, which are illiquid today. Once it is implemented, this will apply to Franklin Templeton’s six shut debt schemes too.
Securities and Exchange Board Of India (Sebi) has asked listed companies to disclose the expected impact of lockdown on business revenues and profits. Lockdown has resulted in distortions in the market due to the unavailability of the operations information of a company.
As a further relief after stimulus package, SME’s are offered with the less annual listing fee over BSE by a fourth at a time, said by BSE on Monday. When most of the new listings are in the hold because of the uncertain conditions of the market.
Investors all over the world are shifting their risky assets investments such as stocks to risk-free assets due to uncertainty in the Global market. Risk-free assets are Government bonds, Gold, etc because of the rising coronavirus pandemic.
We have been asked,” A person investing in 4 different mutual funds for the past 3 years. In the current market condition, it’s been asked by many moderate risk taker, should they keep investing or stop their SIP’s?
General Atlantic to Invest Rs 6,598.38 crore in Jio Platforms after Facebook, Silver Lake, and Vista Equity Partners. General Atlantic also known as a marquee global investor will now hold an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh Crore in Jio enterprises.
The Domestic equity market traded in a narrow range but with wide overnight gaps during the last week. Making people cautious of open positions. Faint-hearted traders are out of Dalal Street, as nifty futures open interest fell lowest in the 15 years, making market going in uncharted dominion.
ICICI Securities said in a note to clients, “Many will shift towards liquid and safer financial assets due to rise in loss of the income”.
New Delhi: On Thursday, Nifty 50 crashed in the middle of weekly option contracts. As index formed a bearish candle on Thursday. If following daily chart then bears were in the driver’s seat following Wednesday’s bearish belt hold. Analysts quote that the index may face resistance breaching point at 9250 while supported by the 9050 points.