Author: Srushti Vilas Gharat

Is the market primed for a bear trap? Mahantesh Shabarad explains

In that regard, I would predict a downward trend in the request, and this seems to be a bear trap in terms of so many stocks rising.” While I expect the request to gradationally decline over the next several days, the drop may not be too significant given the previous two or three days’ performance.” Highlights – When it comes to equities, one should look at Capex, and there are several elements to the CAPEX industry, notably heavy engineering CAPEX. This looks to be a bear trap – brio tails in certain stocks, and the cascade will finally pass. …

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Audited monetary reports on September 6, Byju inform debt holders

The board of directors of the corporation may meet next week to consider the auditor’s financial report for fiscal years 21 and 22. Highlights: Byju has informed its debt holders that it intends to complete its audited financial reports for FY21. Byju’s parents discuss the reasons for the 17-month delay in presenting its audited financial statements. Byju’s is the most valuable privately held Indian startup, estimated at $22 billion. Byju’s has notified its debt holders that it expects to finish its audited financial accounts for FY21, authorized by adjudicator Deloitte, by September 6, according to people briefed on the…

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Rekindled claim in India's inclusion in the JPMorgan EM bond index

According to prominent bond dealers, an addition would bring in predicted inrushes of $ 30- 40 billion to India as investments based on the composition of the indication. Increased foreign money inflows should assist in lowering civil backing costs.  Highlights –   The benchmark bond concluded the day at 7.21%, down from 7.29% the previous day.  Currently, JPMorgan is seeking investor feedback on including India in the indicator. Euroclear, a global bond agreement platform, is present in 49 countries.  Mumbai: India’s inclusion in the JPMorgan Emerging Markets Bond Index may be near, according to persons involved with the subject, since…

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ED raids Coinswitch Kuber's 5 facilities in funds laundering inquiry

This is the third transaction under investigation by the civil agency for allegedly transferring profits of crime obtained using 365 fast loan apps by giving loans at exorbitant interest rates and also recovering them through tele-calling.   Highlights –   The Enforcement Directorate (ED) searched five Coinswitch Kuber-related premises.  Over Rs 1 lakh crore of bitcoin has been exchanged on its platform, according to its website.  The ED has previously confiscated Rs 370 crores in assets, including crypto holdings at the Flipvolt cryptocurrency market.  The investigation found their (KYC) to be either false or questionable in more than 80 of the…

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ED earns Rs 800 crore in illegal gains in fintech and NBFC probes

Fintech firms predominantly utilized defunct NBFCs, which purportedly offered their RBI-issued license in exchange for a profit split ranging from 0.5% to 1%. Highlights – People concerned about the ED inquiry said that these fintech firms spent over a million crores on loans, which they allegedly tried to recoup using telecallers. Chinese citizens had assumed functioning or directorial control of service provider firms and paid over funds to run these applications. Over Rs 700 crore was seized outright by this fintech under the premise of processing fees, and over Rs, 85 crores lived provided in the form of interest…

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Automobiles may renew to rise; on dips, buy solid banks & IT firms

“Another link is likely to be in the demand for some of the equities and diligence that had risen and where we had seen a substantial increase.”  Highlights Automobiles –   Metal trade opportunities would emerge in the short run. Any increase in the price of any metal stock would be an opportunity to sell.  The Nifty PE was much over long-term averages, and we warned that this value was risky.  The extraordinary profits made by automobiles companies in FY22 are not sustainable.  “Short-term essence trading opportunities would exist. Any increase in the price of essential stocks would be an…

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Strike at the Port of Felix Stowe threatens to disrupt supply routes

Starting Sunday, about 2,000 dockers at the Port of Felix Stowe will go on strike for eight days, blocking the flow of commodities through the UK’s largest containerized import and export gateway.  Highlights –   Felix Stowe, England’s last attempted irruption, is bracing for another sea attack.  The strike may interrupt more than $800 million in commerce, according to a data and analytics company.  The Port of Felix Stowe reported on Friday that the Unite union had rejected a request to halt the strike and give capsule accommodations after rejecting an 8% wage rise.  During the Second Anglo-Dutch War of…

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Fintech startup Uni temporarily cancels service to living cardholders

This follows the Fintech company’s decision to suspend issuing new cards in June, in response to the Reserve Bank of India’s (RBI) notification to industry stakeholders prohibiting the loading of prepaid payment instruments through credit lines.   Highlights –   Uni, a fintech incipiency immolation buy-now-pay-later outcomes provider, has temporarily ceased servicing card druggies customers.  With the most recent RBI regulations on digital lending, we have temporarily suspended card services.  Uni indicated that the company’s move will not affect a client’s invoicing or charges.  Uni, a fintech incipiency immolation buy-now-pay-later results provider, has temporarily halted serving customers being card druggies, bringing…

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Blastoff of Gold & Silver FOF by Edelweiss MF, should you invest?

The fund will periodically adjust its holdings to maintain an equal ratio between the tableware and gold of Gold & Silver FOF by Edelweiss MF, should you invest? exchange-traded funds.   Highlights –   A fund of funds called Edelweiss Gold & Silver FOF, offered by Edelweiss Mutual Fund, will invest in a combination of gold and tableware ETFs.  Gold performs well during recessions whereas Silver performs best during precious metal bull rises.  The Fund of Finances structure is more practical, inexpensive, and liquid than genuine gold and silverware.  Tableware, on the other hand, has a big artificial operation, low investment, and…

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