MCX SUPPORT & RESISTANCE LEVEL

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

RBI decision to ease capital norms credit negative for banks: Moody's

The Reserve Bank of India's decision to allow lenders more time to adhere to additional capital buffer norms under Basel 3 is credit negative for the country's state-run banks, Moody's Investors Service said in a release on Tuesday.

The RBI after a nine-hour marathon board meeting announced late Monday that it has extended the timeline for Indian banks to set aside an additional 0.625 percent as capital conservation buffer by one year to March 31, 2020 to help banks to lend more.

The decision came after persistent demand from top government officials and one independent director to ease lending and capital rules for banks, provide more liquidity to the shadow banking sector, support lending to small businesses and let the government use more of the RBI's surplus reserves to boost the economy.

"The decision to extend the timeline for the full implementation of Basel 3 guidelines by a year is a credit negative for Indian public sector banks," said Srikanth Vadlamani, vice president, financial institutions group at Moody's Investors Service.

The common equity Tier 1 ratio or core capital "over the next 12 months would be lower than what we currently expect" for some banks, Vadlamani added.

He also raised concerns over the central bank considering to give banks a leeway in classifying stressed assets of small borrowers which will ease the credit flow to this sector.

"The track record of such dispensations on asset classification, when seen over the last few years in India, has shown that they have largely been unsuccessful in addressing the underlying stress," he added.

If you need more information about the Stock Market:

Visit: http://www.tradeindiaresearch.com

Call On TOLL FREE Number: 9009010900

Whatsapp User Join Our Group: 9300421111

Source:https://www.moneycontrol.com/news/business/rbi-decision-to-ease-capital-norms-credit-negative-for-banks-moodys-3199141.html

Opening Bell

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Risk Free Trading Ideas for 2019

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Sensex ends over 300 points higher, Nifty above 10,750; consumption, metals gain big

Market at Close It’s a strong start to the week, with the Sensex ending over 300 points higher, while the Nifty surged past 10,750 on the back of intense buying. 

Buying counters were buzzing among sectors such as automobiles, consumption, energy, infrastructure, IT, metals and pharmaceuticals as well. In the broader markets, the Nifty Midcap index rose around half a percent. 

Financials saw a rally as news reports indicated that the central bank was open to tweaking/review of PSU banks’ prompt corrective action (PCA) plan. 

At the close of market hours, the Sensex closed up 317.72 points or 0.90% at 35774.88, while the Nifty was higher 81.20 points or 0.76% at 10763.40. The market breadth was narrow as 1,330 shares advanced, against a decline of 1,278 shares, while 160 shares were unchanged.

Yes Bank and ITC were the top gainers, while ONGC, ICICI Bank, Indiabulls Housing and GAIL lost the most. 

If you need more information about the Stock Market:

Visit: http://www.tradeindiaresearch.com

Call On TOLL FREE Number: 9009010900

Whatsapp User Join Our Group: 9300421111

Source: https://www.moneycontrol.com/news/business/markets/stock-market-updates-bse-nse-closing-bell-sensex-ends-over-300-points-higher-nifty-above-10750-consumption-metals-gain-big-3193451.html

Closing Bell

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

NCDEX SUPPORT & RESISTANCE LEVELS

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111