What the reserves offer for now is improved import coverage of about 13 months, almost double the 2013 level of less than seven months. And, ammunition to arrest a rapid rupee slide, says Anup Roy.
The rally in most of these stocks is partly attributed to impressive financial performance.
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
The New Year 2015, however, may see shares worth over Rs 50,000 crore (Rs 500 billion) being put on the table by the government, including by way of part-sale of its holdings in PSUs and its residual minority stakes in some private sector entities.
A customer wanting to buy a car would have to wait a long time for delivery.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
The S&P BSE Sensex ended 190 points up at 23,382.
The total investor wealth, measured in terms of cumulative value of all listed stocks on BSE, slumped by over Rs 7 lakh crore during the torrid week.
If the view is that rupee will depreciate, hedge your exposure by using forward cover
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
This Children's Day, groom your child to be financially responsible, says Arun Thukral, MD & CEO, Axis Securities.
The turmoil on the Street and a continued fall of the rupee may affect growth stocks, pushing equity investors back to the relative safety of defensive counters, or forcing them to flee markets, or both.
Challenges abound but innovation is key for new banks inorder to survive.
Sensex ends lower; govt schemes in focus.
Financials emerged as the top gainers while auto shares rallied on robust September sales
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
About 12 other lenders with combined exposure of Rs 1,200 crore likely to follow
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
The reason is believed to be a 19% increase in interest cost.
'By not letting bankrupt banks fail, we have discouraged ordinary folk from taking precautions while choosing their bank or at least when they hear bad news about their bank,'says S Muralidharan, former MD, BNP Paribas.
The company has been developing donor-derived stem cell platforms.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
'Everyone is still trying to understand the quantum of impact demonetisation will have on the economy.'
ONGC was the top performer while private banking major ICICI Bank extended gains
Mop-up misses target as big FIIs skip issue.
Experts feel select companies in banking, automobiles, financial services & real estate will gain from lower interest rates
All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25 per cent.
Short-term gains are always unpredictable.
The Central Bureau of Investigation has started a preliminary enquiry looking into the Rs 950 crore (Rs 9.5 billion) alleged bad loan given by IDBI Bank to Kingfisher Airlines ignoring the company's negative credit ratings and net worth.
The yellow metal is a safe bet in the long run.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Infosys, TCS, HUL and Reliance Industries were the top gainers of the day.
2013 foreign currency non-resident deposits to mature in Sep-Nov
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
'She was either overconfident that nothing will happen to her or she underestimated the gravity of the allegations.'
The 30-share Sensex ended lower by 61 points at 29,122 mark and the 50-share Nifty slipped by 12 points to close at 8,797.
The intra-city cable leasing deal will give RCom Rs 1,200 crore, which will be used to clear some of its debt.
The banking, oil and metal sectors were the top sectoral losers on the BSE, while IT stocks rendered support at lower levels.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances