DM Stocks

2023-04-19 09:43:37 Greenpanel volumes 3x average....recent high is 300...should be interesting if crosses that Open / Comment

2023-04-19 07:25:01 F&O stocks showing traction....Axis Bank, Tata Steel, Hindalco Open / Comment

2023-04-19 07:02:28 Large blocks today on NSE
Aavas worth Rs 24 cr
Mah Seamless worth Rs 50 cr
Finolex Cables worth Rs 10 cr Open / Comment

2023-04-05 07:52:53 Marico chart Open / Comment

2023-04-05 06:47:45 CLSA upgrades Bajaj Finance Open / Comment

2023-03-24 12:07:06 Finance Min says it will clarify on STT on F&O soon and a backgrounder note will be released (ET NOW) Open / Comment

2023-03-24 10:07:04 STT hike on F&O....will hit option sellers more Open / Comment

2023-03-24 10:02:31 https://www.thehindubusinessline.com/markets/fo-trading-securities-transaction-tax-hiked-by-government/article66656342.ece/amp/ Open / Comment

2023-03-24 06:05:54 Asset Mgmt Cos - negative development

As per amendment proposed in finance bill, indexation benefit for debt mutual funds to be removed, will be subject to short term cap gains

* If this amendment goes through than tax arbitrage on long term debt schemes (more than 3 years) will be gone and to that extent it will now compete with other debt instruments. This could slow down new flows into debt schemes.

* Debt schemes AUM (ex liquid) is around INR 8lakh crs ie 20% of total industry AUM. The yields made on this is half of that of equity funds. So the contribution for AMCs from debt funds is lower. But nevertheless this is incremental negative.

For HDFCAMC revenue contribution from debt funds (ex liquid) is around 13-14%, while that for Birla AMC it is ~20%. Open / Comment

2023-03-23 06:19:32 US Federal Reserve has hiked interest rates by 25 basis points for the ninth time in a row and highest level since 2007. There was fall in the US market sharply after the statement by US Treasury Secretary Janet Yellen. She said that the US government will not take insurance of all depositors guarantee to stabilize the US banking system without working with lawmakers. On the other hand, US Fed rate hike in line with expectation and positive commentary announced by the US Fed chairmen. Jerome Powell, said policy makers had taken into account recent turbulence in the American banking system, including the failure of Silicon Valley Bank. However, he stressed that policymakers had to prioritise tackling inflation. Fed signaled just one more hike interest rate this year while earlier expectation was three or four more rate hike. Open / Comment