Bulls & Bear Hfund of India

The Nifty which opened with a positive bias failed to hold on to the momentum as bears took control of D-Street as it reclaimed 10,200 levels. The index slipped below its crucial 200-DEMA placed around 10,114 and now a closed below 10,000 could take Nifty towards 9700. Bears ruled the D-Street for the third consecutive day in a row and pushed the Nifty below its crucial long-term moving an average of 200-DEMA for the first time on Monday for the first time since November 2016. The Nifty has also registered its fresh low for the year 2018 as it made a strong bear candle. The Nifty which opened with a positive bias failed to hold on to the momentum as bears took control of D-Street as it reclaimed 10,200 levels. The index slipped below its crucial 200-DEMA placed around 10,114 and now a closed below 10,000 could take Nifty towards 9700. Traders should not hurry in creating long at the current juncture as long as Nifty trades below its 200-DEMA. A close above 10,200 could signal

Punjab National Bank (PNBBSE 0.10 %) has requested Reserve Bank of India (RBI) to allow it to provide for losses in the nearly Rs 13,000-crore Nirav Modi-Gitanjali Gems scam over four quarters instead of at one go as it expects to recover 40% of the loaned funds.  Bearing the full provisioning loss of over Rs 12,900 crore in the March-end balance sheet could wipe out more than a quarter of PNB’s net worth of Rs48,000 crore.  Such erosion in the book value would also restrict the bank’s ability to raise money in the market.  “We believe that RBI will agree to our request as there is a provision in its rule that losses can be spread over four quarters. Also, the entire amount is still not NPA as it will happen during the course of the full year. So what we are saying that we will provide towards LoU that remains unpaid till March 31 and then subsequently in the coming quarters.  However to smoothen the effect of such provisioning on quarterly profit and loss, banks have the option to

Fag-end selling in domestic equity market wiped off nearly Rs 2 lakh crore in investor wealth on Tuesday. The BSE Sensex tanked 429.58 points, or 1.27 per cent, to 33,317.20, while NSE index Nifty50 plunged 109.60 points, or 1.06 per cent, to 10,249.  Market capitalisation of BSE-listed companies plunged to Rs 144 lakh crore today from Rs 146 lakh crore in the previous session.  “Reports suggesting that SFIO summoned bankers, including chiefs of ICICI Bank and Axis  ..  Here are five key factors that weighed on the indices on Tuesday.  SFIO summons top bankers:  Heavy selling in bank stocks dampened market mood. State Bank of India plunged over 3 per cent in the late afternoon trade. ICICI Bank and HDFC BankBSE -1.07 % dropped 2 per cent and 1 per cent, respectively.  The Serious Fraud Investigation Office (SFIO) has summoned top bankers, including ICICI Bank CEO Chanda Kochhar and Axis Bank CEO Shikha Sharma, in   in a case related to Rs 5,000 crore loan extended to Mehul Choksi’s

Sensex falls 300 pts; metals lose shine, Tata Motors dips 3% The rupee firmed 14 paise to 65.02 against the dollar after the greenback came under pressure as US President Donald Trump's comments raised concerns of a global trade war. Trump on Friday said trade wars were good and easy to win. His plan to put tariffs on steel and aluminium imports triggered a negative sentiments across overseas markets. Benchmark indices extended sell-off on heavy losses in metal, auto, oil and Gas, banking and PSU stocks after US President Donald Trump fuelled concerns of a global trade war. Asian markets too turned negative as the fallout from Trump's steel and aluminium tariffs continued to spook investors and dampen market sentiment here, brokers said. The 30-share BSE Sensex was down 295.79 points or 0.87 percent at 33,751.15 and the 50-share NSE Nifty declined 102.30 points or 0.98 percent to 10,356.10. All sectoral indices led by metal, auto, oil & gas banking and