China’s exports edged higher for first time in 7 months, imports falls
This smallcap stock hit new high after gap of 15 years; up 47% in 1 month
On a hat-trick: Will RBI Governor Shaktikanta Das throw another surprise
ALERT:: Protean eGov Tech Q2 net jumps 28%; stock slips 3%
Paytm sees worst ever single-day fall; slumps 20% on slowing down small-ticket postpaid loans
Following RBI’s regulatory action on consumer loans, Paytm said it will reduce below Rs 50,000-loan disbursements and expand higher ticket loan distribution.
This category is prominently the postpaid loan product (BNPL) and will now be a smaller part of its loan distribution business going forward.
Bharat Electronics up 4%; hits new high on securing orders worth Rs 3,915cr
COMMENT:: Three factors that can keep the market resilient
There are three factors that can keep the market resilient.
One, steady decline in the US bond yields (10-year around 4.1% now) has created a global environment favourable for equities.
Two, India’s GDP growth rate is improving and inflation is coming down. The steadily declining crude price is another big positive.
Three, political uncertainty surrounding the 2024 General elections appears to be out of the way after the crucial state election results. These factors have emboldened the bulls and bears have been forced to cover their short positions.
In spite of these favourable factors, there will be dips in the market triggered by profit booking at higher levels.
– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Watch: How will the RBI monetary policy impact markets?
All eyes are on the three-day meeting of RBI’s rate setting panel. Find out what is expected from Friday’s RBI policy, its likely impact on equity markets and other factors that will be watched out.
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