'Flush with funds, lending became a cash management exercise.' 'Road projects, power generation plants, airports etc were financed left and right with apparently no regard for the projects' ability to repay,' explains S Muralidharan, former managing director, BNP Paribas.
The death toll in violence across Bangladesh triggered by the execution of a top Jamaat-e-Islami leader has risen to 21, prompting Prime Minister Sheikh Hasina to issue a stern warning saying, "We know how to control you."
At present, seven companies are planning to raise Rs 2,965 crore (Rs 29.65 billion) and have Sebi's approval. Another 12 firms, intending to mop-up Rs 5,362 crore (Rs 53.62 billion), have filed draft documents with the capital market watchdog and are awaiting approval, Prime Database managing director Pranav Haldea said.
The sentiment-driven rally also got support from stock specific earning results and Finance Minister Arun Jaitley's statement that the Centre will step up reforms to attract more investment and fill up infrastructure deficit.
73-year-old leader of the Bangladesh's largest Islamist party had refused to seek presidential clemency.
Experts say investors need not tinker with their debt portfolio as shifting won't be tax-efficient.
The 50-share NSE Nifty settled lower by 76.05 points, or 0.88 per cent, at 8,615.25
In the United States, economic data is likely to take a back seat next week.
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
Worries remain on earnings-valuations mismatch, global issues; resolution of the MAT row could be biggest positive trigger
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
Telecom operator Reliance Jio Infocomm has arranged credit facilities worth $1.5 billion with lenders, including Bank of America and Barclays, to refinance existing loans.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
Most sought-after market of the past few years doesn't feature among top bets in Asia, emerging markets
Out of 30 Sensex shares, 19 ended lower while 11 gained
A total of 11 international banks have publicly distanced themselves from the project.
Tata Motors was the worst performer on the Sensex, plummeting 10.32 per cent to Rs 436.55 after the company reported a steep 96.22 per cent decline in consolidated net profit for the December quarter.
Shares of L&T Technology Services, an arm of engineering giant Larsen and Toubro, made a decent debut on the bourses
Hemant Kanoria tells Niraj Bhatt why understanding the dynamics of the borrower's business is critical for the lender.
Financials and auto stocks were the top losers while energy and IT shares recovered
Bangladesh Prime Minister Sheikh Hasina on Saturday said that she would not allow the soil of her country to be used for any kind of extremism and hoped that India would also reciprocate on the matter.
A Bangladeshi court on Wednesday upheld the arrest warrants issued against former PM Khaleda Zia in two graft cases.
Private lenders HDFC Bank and ICICI Bank were the top gainers along with index heavyweights
This was the biggest single-day fall for the benchmark index since August 10 when it had fallen by 310 points.
Domestic market is losing its trend to rate sensitive stocks post the announcement of the new RBI governor who is likely to maintain a cautious stance on interest rate cut
Financials were the top gainers lead by private lenders ICICI Bank and HDFC Bank
The 50-issue Nifty fell 29.60 points or 0.34 per cent to close at 8,642.55
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
While capital appreciation is better, paying regular dividend indicates that the company is making profits and is rewarding investors.
Prime Minister Sheikh Hasina on Monday warned Bangladeshis against attacking the minority Hindu community, saying such assaults could have repercussions in neighbouring India.
Bangladesh Prime Minister Sheikh Hasina's Awami League is set to form the next government after securing over three-fourth majority in the controversial polls marred by deadly clashes, a low turnout and a boycott by opposition parties.
'LIC's proposed investment will come out of what is technically called the 'policyholders funds'.' 'As the name implies, these monies belong to policyholders; that is, you, me and 25 crore others who have taken a total of 30 crore policies from LIC.' 'It is not the government's or LIC's money to play poker with,' says S Muralidharan, former managing director, BNP Paribas.
The earlier attempt by the authorities in Dhaka that Islamist militancy had not established a presence in Bangladesh will now have to be given up.
5,565 contracts, valued at $201 billion are up for rebids across geographies and verticals by 2018.
After touching a fresh all-time low against the US dollar on Thursday, the rupee jumped 27 paise to end at 68.46.
ICICI Bank, HDFC Bank, IndusInd Bank down between 0.2%-1.4% each.
Raghuram Rajan's decision to go back to academics might spell short term negativity for the stock, currency and bond markets.
Participants are keeping an eye on the Winter Session of Parliament, which started today, and US fiscal policies to be followed by President-elect Donald Trump
Angelique Kerber, who will reclaim the world number one ranking on Monday, breezed to a 6-2, 6-1 second-round victory over fellow German Andrea Petkovic at the BNP Paribas Open on Saturday.
Sensex rises, snapping two-session losing streak; banks, auto gain.
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