“Going by the monthly put options on the Nifty seems like a good idea where we feel that these put options can double or even possibly triple from the current levels,” says Rahul Sharma, JM Financial Services. Third straight day of decline and today it is around 200 points down, that is what we are … Read more
Mumbai: Shares of state-owned banks, non-banking finance companies (NBFCs) and infrastructure firms plunged as much as 10% on Monday following the Reserve Bank of India‘s tougher draft guidelines on the financing and accounting of project loans. The proposed stricter lending criteria, with additional provisioning, are aimed at preventing accounting shocks but could potentially hurt balance … Read more
Rahul Sharma, Director, JM Financial Services, says “there is a very big breakout in Grasim. About 21 months of consolidation. Finally,, cement stocks are seeing a bit of attraction this week. Rs 2,200-2,500 is the projected target for the next 12 months. So both short term and long term, Grasim looks pretty solid. Also, go … Read more
The year 2022 was one of the worst years as far as the Global equity investor was concerned with most world equity markets giving negative returns. MSCI World index was down ~20%, NASDAQ down over ~30%, China 22-24%. The Indian market held up in rupee terms but with the depreciating rupee in dollar terms was … Read more