Market Status

Saturday 28 April 2018

Free Intraday Tips for Friday Business 27.04.2018


Free Intraday Tips for Friday Business 27.04.2018


Market experts have advised shopping for Jubilant Food and Godrej India for Thursday's business. Right now, there is a sale recommendation at IDFC. Experts believe that during these intra-day, these stocks can get a good return. You can earn from trading based on the strategy given below.

Free Intraday Tips
Free Intraday Tips


Jubilant Food Buy Buy 
Stop Loss - 2450 
Target - 2550 - 2575 


Godrej India (Buy) 
Stop Loss - 580 
Target - 620 - 630


IDFC Bank (sell)
Stop Loss - 57 
Target - 53


We provide intraday trading recommendations to capture the movement in  share market, our research is based on thorough analysis of fundamental as well as technical factors driving the market. We provide our client important updates on share market and also the trading tips for stock market.

Thursday 26 April 2018

Top Intraday Tips for Thursday, good returns in these stocks


Top Intraday Tips for Thursday, good returns in these stocks


For Thursday's business, market experts have advised shopping in KSCL, Granules and Berger Paints. IndiaCeam and Kajaria Ceramics have advised selling. Exporters believe that during these intra-day, these stocks can get a good return. You can earn from trading based on the strategy given below.

Free Intraday Tips
Free Intraday Tips


KSCL (Buy)
Stop loss-520
Target- 540

 Buy  
Stop loss-108
Target- 114-115

 Indiacam (sell)
Stop loss-150
Target- 135-136

Berger Paint (Buy) (for 1 to 5 days)
Stop loss- 269
Target- 283-290

Kajaria Ceramic (sell) (for 1 to 5 days)
Stop loss- 564
Target- 538-525

 Impossible…. is Just an Option!!!!
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Wednesday 25 April 2018

Infosys to bet on acquisition for growth, 3-year roadmap introduced


Infosys to bet on acquisition for growth, 3-year roadmap introduced


India's second largest IT services company will bet on the acquisition for Infosys Growth. While presenting a three-year roadmap to increase business, the company said that Infosys will invest in acquisitions to accelerate growth.

Share Market Tips
Share Market Tips

Giving a detailed presentation to stake analysts , with Stretchy Investments , Infosys CEO and MD Salil Parekh said that the company is betting on growth with a strategic investment. He said that focus will be on increasing the company's capabilities and localization, so that Infosys gets 70% free cash flow under 'Disapply Capital Allocation' plan. 
According to the presentation, Infosys will focus on stability in the financial year 2018-19 and its growth will be targeted. 

Infosys
Infosys , which is investing on digital capabilities, has said that it is investing on Digital Capabilities and Priority Services, artificial intelligence and automation, company and its clients are putting money in the recycling of talents. Along with this, the company's emphasis is on hiring at the local level in many markets. Infosys is expected to get 160 to 200 billion dollars in the digital market.

The strong digital portfolio
company said that its digital portfolio is very strong and its digital revenue in FY18 was $ 2.79 billion, which is 25.5 percent of the total revenue.
Parekh, who joined the board as CEO in January this year, has been entrusted with the task of bringing the company's business back on track, which has been struggling for the last one year with the collision of corporate governance between founders and previous management. .
The CEO said that he is meeting with clients and Employees, to create a blueprint for the company's growth.


Friday 20 April 2018

The MRF, the first share to reach 80 thousand level, returns 550% in 5 years


The MRF, the first share to reach 80 thousand level, returns 550% in 5 years

The stock of tire manufacturing company MRF reached a record Rs 80,000 on Wednesday. This is the first stock in the country which touched 80 thousand level. In fact, the company got the benefit of reducing the price of rubber in the domestic market. The stock has seen an increase of over 500% in the last five years. During this time, a stock has given a return of 550%. MRF stock has become the most expensive stock in the country, which is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Free Stock Tips
Free Stock Tips


 A stock of 80 thousand rupees

MRF has benefited from the reduction in the price of rubber in the domestic market. Since January, the rubber prices have dropped 9 percent. The stock of the company was open at a price of Rs 79,795.95 and in the half an hour the stock rose 0.38 per cent to Rs 80,099.95, which is an all-time high. On the NSE, the stock made 80,100 high.

 These are top 5 expensive stocks

company
Stock price
MRF
 80,100 rupees
Eicher Motors
31,153.50
Page industries
24,850
3M India
20,690.95
Bosch Limited
19,600 rupees

Returned 5% Returns in 5 years

- MRF stock has given 550% returns in the last 5 years. On April 17, 2013, the value of the stock was Rs 12,306.55, which increased 550% to Rs 80,099.95 in five years.
That is, those investors who have invested 1 lakh rupees in FRF 5 years ago, their 1 lakh will now have become 5.50 lakhs. Since January this year, there has been an increase of 10 in the MRF stock.

Ahead of opportunity

Market expert Sachin Sarvade says that tire stocks have better outlook. Auto sales are expected to increase and the auto industry is expected to get boost from monsoon. Therefore, tire stocks may remain strong even further. 10% growth in stock can now be seen. 




Thursday 19 April 2018

Top Intraday Advice for today’s Stock Market | Free Intraday Tips


Top Intraday Advice for today’s Stock Market 


For Wednesday's business, market experts have advised shopping in NCC, L & T Finance Holdings, Indigo, SRF, Jet Airways. Experts believe that during this intra-day, these stocks can get a good return. You can earn from trading based on the strategy given below.

Free Intraday Tips
Free Intraday Tips


SRF
Stop loss-2125
Target- 2170, 2185 and 2200

Jet airways
Stop Loss - 626 
Target - 649, 654 & 660


L & T Finance Holdings
Stop Loss - 168 
Target - 199


NCC
Stop Loss - 125 
Target - 145


Indigo
Stop Loss - 1450 
Target - 1615




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Wednesday 18 April 2018

Five Options for getting 15% returns | Share Market Tips



You have the advantage over your savings, it is better to invest in a place where the returns are getting more and more. Bank Fix Deposit is a popular option for this. Most banks offer interest on a 1 year FD up to 6.75 per cent annually. On the FD from 7 days to 10 years, interest is available from 3.5% to 6.75% annually. 

Share Market Tips
Share Market Tips
But there are some options for investment, which has been getting 15 per cent returns every year for the last several years. That is, more than 2 times as compared to the bank's FD. These investments have also become a better option because of the consistent returns given for the last 5 years. At the same time, knowledgeable in the Capital Market are convinced that there is a better chance of investing in them and further returns are expected to get even more. Let's know where is the continuous double the return to FD ....

Good returns in these places for 5 years continuously 

There are 15 major companies in the stock exchange BSE 500, whose shareholders have received at least 15 percent returns each year from the last 5 financial years. Now the question arises that the companies that give good returns every year for the last 5 years can get good returns in the future. In this way, we have selected 5 of these companies, in which markets are predicting more returns. In some stocks, the FD can get more than 5 times in the next one year, which is 34 percent. 

Where to get more advantage

Bajaj Finance
Return estimates: more than 20 percent 
Current price of the stock:
Can go up to 1941 Price: Rs 2330
Advice: Brokerage house Motilal Oswal

TVS Motors 
Return estimates: 16 percent
of current price: 675 rupees
can go up price: 782 rupees
Advice: Brokerage house Bonanza 

Aarti Industries
Return Estimates:
The current price of 14%  shares: Rs 1276
can go up to Rs. 1455.
Advice: Brokerage house K.R.  

Avanti Feeds
Return estimate: 34%
Current price of the stock: Rs 2170
can go up to Rs. 2910
Report: Bloomberg

Hatson agro products
According to Bloomberg's report, the company's stock can get between 15 and 20 percent and returns in one year. According to the report, the stock price can reach 949. While the price is currently 731 rupees. 


Tuesday 17 April 2018

Earn from Intraday Trading Strategy | Free Intraday Tips


Earn from Intraday Trading Strategy | Free Intraday Tips


For Monday's business, market experts have advised shopping in DHFL, Escorts and JISLJALEQS. Experts believe that during these intra-day, these stocks can get a good return. You can earn from trading based on the strategy given below.

Free Intraday Tips
Share Market Tips


DHFL

Stop loss 540 
target-560



Escorts

Stop loss 929 
target-960


JISLJALEQS
Stop Loss - 110 
Target - 122


Adani Ports
Stop loss- 375 
target- 387, 390 and 392

Arvindo Pharma
Stop Loss - 613 
Target - 627, 630 & 633


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Saturday 14 April 2018

Infosys results today: Prices, Guidance stay positive on profits


Infosys results today: Prices, Guidance stay positive on profits


The results of the fourth quarter of fiscal year 2018 of Infosys, the country's second largest software company, are coming today. Experts estimate that the results of Infosys can stay normal. There is a 1- 2% increase in dollar earnings. Experts assume that the company's guidance can remain positive.

Share Market tips
Share Market Tips


Guessing good estimate

Amit Harachkar, Director, Index Genius Investment Advisors said that this is the first quarter results of Infosys CEO and MD Salil Parekh. Growth will show in the company. In the US and Europe where the company's main business is, the market is better. The company will get the advantage of strengthening the dollar. For this reason, the guidance of the company can be good. He believes that the financial guidance of Infosys in 2019 could be 5.5-8 per cent.

Margins can stay flat and margin on pressure

According to Independent Market Expert Ambareesh Baliga, quarter-quarter quarter of this quarter, the margins of the company can remain a pressure of 1.5 per cent. In the third quarter, the company's profits rose 33 percent to Rs 5,129 crore. In the second quarter, the company's profit was Rs 3726 crores. In the third quarter, the company's income grew by 1.3% to Rs 17,794 crore.

 Dollar earnings may increase

Sandeep Jain, director of trade broking broking, believes that Infosys's earnings in the fourth quarter could be seen to increase by 1 to 2 percent. In the third quarter of fiscal year 2018, the revenue of Infosys was $ 276 million. In the second quarter of 2018, the income in Infosys' dollar was Rs 272.8 crores. In the first quarter, Infosys's dollar revenue was $ 265.1 million.

 IT company's Outlook better

Baliga says that the company outlook is better in terms of IT sector. At the same time, Jain said that the US economy is doing fine, tension of trade war is decreasing and the firm can get the benefit of the firm firmly in the dollar. There is no problem in doing business in America. 

 Investment advice with target of 1345

 Brokerage house Axis Direct has advised investment in Infosys with a target of Rs 1345. According to the broking firm, the company's management is able to grow with the guidance. Increase in demand increased the company's business. This makes the company's outlook better. The current price of the stock is Rs 1162.25. In this case, the share can get 7.55% returns. 

Impossible…. is Just an Option!!!!
Everyday is a new Day & you will never be able to find Happiness!!!!
If you don’t _Moveon
Get it now…. now…… now…..



Friday 13 April 2018

Free Intraday Tips | Stocks for Thursday’s turnover


Free Intraday Tips | Stocks for Thursday’s turnover


Market experts have advised shopping in SREINFRA, Indigo and Titan for Thursday's turnover. Experts believe that during these intra-days, these stocks can get a good return. You can earn from trading based on the strategy given below.

free intraday tips
Free Intraday Tips


SREINFRA
Stop Loss - 82 
Target – 93


Indigo
Stop Loss - 1470 
Target – 1520


Titan 
Stop loss 970 
target-1000


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Wednesday 11 April 2018

Top Intraday Stocks for Tuesday Market


 Top Intraday Stocks for Tuesday Market

For Tuesday's turnover, market experts have advised to buy in Biocon, Axis Bank, Hindalco, Federal Bank, ABB and Tata Motors and sell them in Dalmiya India. Experts believe that during these intra-day, these stocks can get a good return. You can earn from trading based on the strategy given below.

Free Intraday Tips
Free Intraday Tips


 Axis Bank (Buy)
Stop loss 512 
target- 524, 527 and 530


Hindalco (Buy)
Stop loss 218 
target-224, 225.50 and 227


 Buy
Stop Loss - 609 
Target - 634-650


Dalmia India (Sell)
Stop Loss - 2830 
Target - 2700-2640


 Federal Bank (Buy)
Stop loss - 95 
target - 112


ABB
Stop loss-1250 
target-1500


Tata Motors (Buy)
Stop loss - 195 
target - 225


 Read Also:- Live Commodity Tips by TradeIndia Research

Tuesday 10 April 2018

Top Intraday Stocks


Top Intraday Stocks for Monday’s Market


free intraday tips
Free Intraday Tips


For Monday's business, market experts have suggested buying in Titan, Balkrishna Industries and Jubilant Foods. Experts believe that during these intra-days, these stocks can get a good return. You can earn from trading based on the strategy given below.

Jubilant Foods
Stop loss-2390 
target-2470 and 2490


Balakrishna Industries

Stop Loss - 1190 
Target - 1245, 1255 and 1270


Titan

Stop Loss - 930 
Targets - 952 & 957


 Read Also:-  Free Stock Tips For today’s Business


Sunday 8 April 2018

End Of The Road For Bitcoin In India?



India’s central bank has clamped down on virtual currencies like bitcoin. On Thursday, it said that Reserve Bank of India-regulated entities cannot deal with an individual or business dealing in virtual currencies. This includes banks, non banking financial companies, payment banks and mobile wallets. Essentially, access to the traditional payment system, on top of which even the new age world of virtual currencies has been built, has been cut off. This, despite the fact that bitcoins or virtual currencies are not illegal in India.

share market tips
SHARE MARKET TIPS


What Does This Mean For Bitcoin Holders?

The RBI’s decision will hit the heart of the bitcoin or virtual currency business in India. Banks will no longer allow transactions to purchase or sell bitcoin through their payment systems. This means that exchanges where users can buy and sell virtual currencies like bitcoin via their bank accounts will come to a standstill.
Those who hold bitcoins can choose to retain them but they won’t be able to convert them to Indian currency or trade them in Indian currency.
The central bank has allowed a three-month period for regulated entities like banks to unwind their virtual currency positions. In this interim period, conversion to Indian rupees will be permitted.
However, if they choose to sell, they may have to exit at lower levels due to the recent fall in prices. Hours after the RBI announced bitcoin plunged 28 percent to $5400 from its peak of about $7500. Sathvik Vishwanath, co-founder of virtual currency exchange Unocoin, however, said that after an initial dip, the value of bitcoin has recovered.
Even if prices recover, there will be limited liquidity in the formal market since few will want to buy bitcoin in India.

What Does This Mean For Bitcoin Businesses?

Without the support of the banking system, most businesses will either have to shut down or move to international markets.
“After three months, if the government is rigid on the business, we will have to shut down operation in India or remove the Rupee part from the exchange,” said Shivam Thakral, CEO and co-founder of BuyUCoin, a virtual currency exchange. Sathvik Vishwanath founder of Unocoin adds: “We can even look at moving to international markets.”
Most businesses in the space will have to shut down because they can’t give or take money from consumers, said Navin Surya, chairman of the Payments Council of India. According to Surya, there are at least 20 organised players in this space but none have been called for consultations in the matter. “The government should either ban it or frame rules for legitimate operations rather than going about it in this indirect way,” said Surya.

Could New Risks Emerge?

So far, major exchanges like Zebpay, Coinsecure and Unocoin were asking users to complete KYC (Know Your Customer) formalities such as providing details of the PAN cards or Aadhaar cards before trading.
With exchange transactions halted, peer-to-peer trading could pick up. This will be even tougher for authorities to track. Thakral said that there is already some evidence of this happening in centers like Pune, Gujarat and Maharashtra. He declined to share further details. Surya also cautioned that those looking to subvert the system, can easily move underground and start doing business in cash, thereby creating a parallel black economy.
There is also a Helsinki-based portal called ‘Local Bitcoin’, which posts adds allowing for both online and cash transactions involving bitcoins in India. On that platform, while the trading price for purchasing bitcoin online in India is under $6,000, the price for purchasing these tokens in cash was at $7,000, hinting at higher demand for cash-based trading.

Why Did The Regulator Do This?

Despite cautionary notices, the virtual currency universe has continued to grow in India and overseas. This has prompted regulatory agencies across countries like China, South Korea and Japan to consider stronger measures. In February, Agustín Carstens, an official at Bank for International Settlements, wrote a paper laying out the reasons that central bank intervention has become necessary.
To date, Bitcoin is not functional as a means of payment, but it relies on the oxygen provided by the connection to standard means of payments and trading apps that link users to conventional bank accounts. If the only “business case” is use for illicit or illegal transactions, central banks cannot allow such tokens to rely on much of the same institutional infrastructure that serves the overall financial system and freeload on the trust that it provides.

BIS Paper

The paper also argued that a central bank may be justified in taking action should its broader goals of maintaining financial stability and upholding public trust be challenged.
According to the paper, virtual currencies have no characteristics of a true currency such as being a store of value or a widely accepted means of payment. "It has become a combination of a bubble, a Ponzi scheme and an environmental disaster," the paper said.

Read Also:- Live Commodity Tips for Today’s Market


Saturday 7 April 2018

Expected turnaround in pharma sector in FY-19, long-term investment advice



The last financial year saw pressure on the pharma sector throughout the year. Talking about the past year, the pharma index on BSE fell by 15 per cent, while the index on the Nifty fell 18 per cent. Experts, however, believe that concerns related to pharma sector are decreasing. In the past several products have been approved, while in this financial year, new products will come in the market for more than several years. At the same time, in the past few months, there is a good demand growth in domestic markets with domestic as well. In such a scenario, this fiscal turnaround can be seen in the underperformer sector for two years. Experts have advised to invest in Ajanta Pharma, Shilpa Medicare, Sunpharma and Netco Pharma. 

Share Market Tips
Share Market Tips


What is the right time for investment
Experts say that at the present time the market is volatile, in this case, the right time to invest in defensive stocks is the right time. It also includes Pharma Sector, which is at Atraiketer Valuation. During the last one year, stocks have seen a decline of 46%. Stocks of Lupine, Cadila, Cipla, Dr Reddy, Sun Pharma and Aurobindo Pharma have become cheaper during a year. Jagdish Thakkar, director of Fortune Fiscal, says that it is the right time to invest in defensive stocks from Pharma. Pharma sector is such that demand is always maintained. Although there has been some concern in the domestic and overseas markets in the past, there is pressure on the sector. But there is no concern about exports. Further sector is expected to recover.

According to a report by Growth Rating Agency Crisil, in FY19,   the operating profit of the pharma sector can grow by 20-22% in the financial year, which will be the fastest after 2014. Revenue growth can be between 9-11 per cent during this period. According to the report, the challenge for the drug companies will be less this year than the previous year, while coming to this year many new product markets will also benefit. Crisil believes that this year the growth of drug companies in the global market will be sharp. 

For the sector, some of the Concern
India Infoline (IIFL) pharma analyst Shrikant Akolkar says that growth in the domestic market is better. In such a case, for those companies which have high exposure in the Indian market, this year is going to be better. But the pressure on the margins of the US market is still showing. Pricing pressure in the US is still there. Competition has increased in generic drugs, so it will take some time for all the problems to be overcome. Although Indian companies which have a large base and their business modules are better, hopefully they will handle the pressure. 

Ajantha Pharma 
Brokerage House Arihant Capital has advised investment in Ajanta Pharma with a target of Rs 1500. According to the report, the focus of the company is the African market other than Asia. The company has good gains in the generic business in the African market. However, the company is now strengthening its base in the US market too. Dermatology has seen better growth in the domestic market. 

Shilpa Medicare is a company that produces Active Pharmaceuticals Ingredient (APIs) of High Quality ShilpaMedicare. The company's focus is on Affordable Healthcare. The company's client base is strong. Recently, the company has been issued Establishment Inspection Report (EIR) on behalf of USFDO. Some of the company's products are also coming in the market soon. Shilpa Medicare had a profit of Rs 18.41 crore in the third quarter of the financial year. Brokerage house Motilal Oswal has given the target of 686 rupees for the stock. 

Good news for Sun Pharma Sunfarma has been good news for the past year that it has got approval from USFDA for placental psoriasis medication. This drug was first made by US-based company Merck, which Sunfah later bought Worldwide Rights. Due to the availability of this medication, pressure on Sun Pharma will be reduced. This will help the company increase its market share in the US market. Some new products are in the pipeline, which will come in the market soon. Restarting has started after GST. The advantage of all of these will be ahead of the company. Brokerage house K.R. Choucse has set a target of Rs 633 for the stock. 

Nitco Pharma FIIA Analyst of IIFL, Shrikant Akolkar has advised investment in NatKo Pharma with a target of Rs. 1006. NatKo Pharma is a fast growing pharma company of India. There are 5 manufacturing facilities across the country. At present, the company has 66 Indian and International Grant patents. 

Read Also:- Share Market Tips By TradeIndia Research


Thursday 5 April 2018

Stocks In IT sector, get 100% return | Free Stock Tips



In the correction period of 2 months, IT stocks, especially Mid-dp IT stocks have been better performance. Mid-cap IT stocks have been growing at more than 8 per cent during this period. At the same time, the display of the LodgeCap Stocks has been stable. According to experts, there are signs of recovery in the IT sector, it is expected that in the upcoming Earning Season, good numbers will be seen from the IT sector. They say that there is some consensus in the US market, but those whose exposure is not in the US, they expect good growth. At present, IT sector has strong Outlook in 2018. HCL Tech, Hexaware, Tata Elixie, TCS and Persistence system can get good returns. 

free stock tips
Free Stock Tips


Jagdish Thakkar, director of Fortune Fiscal, hopes for good growth in 2018, says that recovery has been seen in the sector in the past few days. The display of mid-cap companies is better than the logcaps. They say that good mid-cap companies can see growth in the double digit in the fourth quarter. The margin is expected to be high due to the base shortening, in which case stocks will also be used. Even after visa concurrence in the US, stability is also seen in the LodgeCap. Thakkar says that the policy that Trump had made about outsourcing is not being implemented. There is no consensus on imports in the US. In such a case, big companies will be serviced. 

Outlook of mid-
caps companies Much better market expert Sachin Sarvade says that the performance of the Mid-Day IT Sector will be better in the year 2018. Large-scale IT companies will not be as good as their consoles will remain with the US. They do not expect much revenue to be generated. But those IT companies who do not have much exposure outside will have good growth. Mid-cap companies do not have to worry about the market. At the same time, these companies are also exploring new markets. 

Research Head Sandeep Jain, demand head of demand trade swift in the world markets, says that the company is expecting recovery from the fourth quarter. He says that demand from the IT sector has been increasing in markets across the world. Companies are working better on trends such as cloud computing, digitization and automation, which are being benefited by companies. However there is some worry about H-1B visas. At the same time, there is no problem for the mid-cap companies. 

What stocks invest in ... 

HCL Tech
HCL Tech Limited is a multinational IT service company. The company has offices in 34 countries. The company offers service in IT Consulting, Enterprise Transformation, Remote Infrastructure Management, In addition to Engineering, Cyber ​​Security and Digital and Analytics. The company has been benefiting from the focus of digitization on digitization. The company's client base is strong. The company has succeeded in optimizing NextJen technology and monitizing the old acquisition. Jagdish Thakkar has expressed hope of 15% growth in the stock. At the same time, the brokerage house K.R. Choucse has set a target of Rs. 1276 for the stock. Current price is 968 rupees
Tata Alexey
Sandeep Jain has advised to invest in Tata Elexx with a target of 1300 rupees. The current price of the stock is Rs. 1004. Tata Alexey is a Tata Group company. The company offers design and tech service for product engineering and solutions. The company is in Broadcast, Transport, Communications, Industrial Design and Medical Business. 

Read Also:- Free Intraday Tips for today’s Market.





Wednesday 4 April 2018

RBI allows banks to spread bond trading losses over four quarters



Mumbai: The Reserve Bank of India took a U-turn in its rigid position on provisioning norms for banks suffering losses from bonds trading by permitting the lenders to spread out their trading losses over four quarters that would save them from scrambling for funds to meet provisioning norms on bankrupt cases.

Share Market Tips
Share Market Tips

To avoid returning to similar position in future, the central bank has said that banks should create Investment Fluctuation Reserve that could be dipped into in case there is a need to provide for bond losses in the years ahead.

“With a view to addressing the systemic impact of sharp increase in the yields on government securities, it has been decided to grant banks the option to spread provisioning for mark-to-market (MTM) losses on investments held in Available for Sales and Held for Trading,’’ RBI said in a statement. “The provisioning for each of these quarters may be spread equally over up to four quarters, commencing with the quarter in which the loss is incurred.” 

The regulatory forbearance comes after yields spiked in the last two quarters of the fiscal ended March

31. At one point towards in December, bond yields have soared more than 100 basis points, inflicting heavy losses on the bond portfolio of banks. Bond yields and prices move in opposite direction.

But the prices have since risen after the government announced a borrowing programmer that was palatable to bond markets. The steepest losses came in the December quarter.

Latest provisioning norms is a change in the RBI’s stance which pushed back requests from the banking industry for leniency in provisioning in January when even the State Bank of India had to report its first quarterly loss in 17 years for the December quarter. 

“Interest rate risk of banks cannot be managed over and over again by the regulator,” Deputy Governor Viral Acharya told a bonds association meeting. “The regulator, in the interest of financial stability, is caught in such situations between a rock and a hard place… Recourse to such asymmetric options – heads I win, tails the regulator dispenses – is akin to the use of steroids.” 

Any rigidity in RBI’s stance may have inflicted heavy losses on banks again in the March quarter and the capital the government provided may have been swallowed by provisioning for treasury losses rather than strengthening the balance sheet. 

“Spreading of MTM losses does provide some comfort for banks in terms of reducing losses and hence gives a leeway to have benefited towards reported capital numbers,” said Udit Kariwala, associate director, financial institutions, India Ratings & Research. “As per our estimates, a large part of the capital announced under bank recapitalization programmed would have been consumed towards absorbing treasury losses. The benefit is more short-term and structurally doesn’t benefit PSU banks capital cause.’’ The central bank has also come up with a latest measure aimed at checking erosion of profits in future. “Further, with a view to building up of adequate reserves to protect against increase in yields in future, all banks are advised to create an Investment Fluctuation Reserve (IFR) with effect from the year 2018-19,” RBI said.

Read Also:- Live Commodity Tips for today’s market.