PSU-bank bears mauled in short-squeeze.
A stunning swing in sentiment in respect of PSU banks following the government announcement on Tuesday of a ₹2.11-lakh crore bank recapitalisation package sent the share prices of SBI, PNB, Canara Bank, Bank of Baroda and Union Bank, among others, up by 25-50 per cent in a single trading session.
“Options sellers and those who sold Bank Nifty index were trapped,”
source:bl
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Isnt this already well known news?Whats new here??
Govt mulls allowing 100% FDI in private banks.
The government is thinking of allowing 100 percent foreign direct investment in private banks, sources told CNBC-TV18. Increasing the permissible limit for FDI in public sector banks to 49% from the current 20 percent is also being considered, sources said.
Watch out for all pvt banks
Brokers told to collect more margin money as stocks climb higher.
Exchanges, at the direction of the Securities and Exchange Board of India (Sebi), are asking brokers to collect higher margins from big clients including foreign institutions, rich individuals and proprietary desks having sizeable positions in futures and options.
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Stocks sink; State of the Union; MetLife in trouble.
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how are things going with that right now? Were there any breakthroughs with this category? It’s just that the news isn’t really relevant but it’s interesting still to this day for me personally.
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Dow plunges 1,175 points in wild trading session, S&P 500 goes negative for 2018.
U.S. stocks fell sharply Monday, extending a steep sell-off from the previous session, as investors rushed for the exits in the wake of rising interest rates. For the S&P 500, it was the worst day in six years.
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Volatility-Targeting Funds Could Sell $225 Billion of Stocks
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So, no more SGX nifty and other stock futures. Interesting pre open sessions ahead.
SBI reports surprise Q3 loss at Rs 2,416 crore, gross NPAs rise to Rs 1.99 lakh crore.
What’s surprise in that? Looters of public money.
If LTCG is not the reason, what were they doing all these years? SGX volume is substantially high for the past 4/5 years
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Sebi working with FinMin on new framework on algorithm trading
Proposed Measures
To have real-time surveillance of all orders and trades
To detect malfunctioning while putting algo trades
To mitigate chances of ‘flash crash’ and fat-finger error
Standardisation of co-location facility to discourage preferential access
Exchanges to publish colo-based latency on their platforms to have equitable access
Formalise market-making scheme by capping ‘order to trade’ ratio
Differentiated policies surrounding this ratio would reduce chances of squeezing liquidity
All actions, negative in the short term but good in the long run.
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If SEBI really acts against “ALGO TRADES” is a good news, market volatility, mainly on USA are because of ALGO’s .
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