Daily Market Analysis – 27th May 2021 (Gold)
Gold is still ‘relatively cheap’ and could surge back toward its all-time high Gold is still a “relatively cheap” investment opportunity and could keep rising even if it soon topped $1,900 per troy ounce, one strategist said Thursday. TD Securities head of global strategy Richard Kelly told CNBC’s “Street Signs Europe” that “gold had a phenomenal run-up over the course of last year, and...
Daily Market Analysis – 26th May 2021 (Bonds)
HDFC to raise up to ₹7,000 crore by issuing bonds HDFC is looking to raise up to ₹7,000 crores by issuing secured redeemable non-convertible debentures (NCDs) with a base size of ₹5,000 crores and an option to retain oversubscription of up to ₹2,000 crores. The issue of the bonds opens on May 28, 2021, and will close on the same day. The mortgage lender will offer a coupon rate of 6% p.a...
Daily Market Analysis – 25th May 2021 (Growth)
SBI’s corp loan book hints at a change in market growth dynamics- India’s largest lender, State Bank of India, posted a total corporate credit growth of 2.6% in FY21, including loans and debt investments such as bonds and commercial papers; however, if only loans are considered, SBI’s corporate book contracted 3%. Indian banks are realizing that to be able to see any...
Daily Market Analysis – 24th May 2021 (Economy)
RBI surplus to Centre likely to impact economy markets and banks RBI’s decision to transfer ₹991 bn to the government, while higher than expected, is still within the realms of keeping the contingency risk buffer at 5.5% of the RBI’s Balance Sheet. RBI has ensured that the additional liquidity that it’s bringing into the system through the government’s balance sheet is coming at a time...
Daily Market Analysis– 21st May 2021
Indian Auto Industry ended FY21 on a strong note, but what is in store for the next few Quarters? Indian Auto Industry was facing a slowdown in FY20 amidst transitioning to Bharat VI norms and an economic slowdown in the country. Fears of a complete slump suddenly became real with the onset of the Covid-19 pandemic. Lockdown in the entire country meant that manufacturing came to a grinding...
Daily Market Analysis– 20th May 2021
Daily Market Analysis on Insurance, Indian Oil Corporation, Renewable energy, Goldman Sachs, Insurers to make Life, Health cover norms tougher On account of both the pandemic as well as the Insurance Regulatory and Development Authority (IRDA) new rules for health insurance on standardization of terms and conditions. Insurers will be making the purchase of life and health cover...
Daily Market Analysis – 19th May 2021 (Inflation)
Inflation and its impact on an overall economy Retail Inflation in April is 4.3% which is well within the range of RBI. Inflation is measured by the CPI and the wholesale price index (WPI). The CPI measures changes in prices of essential commodities at the consumer level, while the WPI notes changes at the producer level.The commodities considered for measuring the WPI are manufactured...
Daily Market Analysis – 18th May 2021 (WPI)
WPI Shoots up to 11-year high The WPI or the Wholesale Price Inflation shot up to an 11 year high of 10.49% in April as compared to 7.39% in March 2021. The steep climb in wholesale prices is witnessed due to the hardening of global commodity prices. The official release states that the rate of inflation is primarily high due to the rise in prices of crude petroleum, mineral oils viz...
Daily Market Analysis – 17th May 2021 (IPO)
Upcoming IPO Supriya Lifescience IPO Supriya Lifescience has filed for preliminary papers with SEBI to raise 120 Crore through IPO. It is one of India’s key manufacturers and suppliers of API with its focus on research and development. The IPO is said to issue fresh equity shares worth Rs200 Cr and an offer for sale of up to Rs 1,000 Crore by its promoter Satish Waman Wagh. The proceeds...
