Post-Budget foreign investors sell Rs 6Kcr of equities



They have been on an unbroken selling streak since the Union Budget, spooked by increase in income-tax surcharge, taxes on buybacks, and lack of stimulus to prop up the economy.



Source link

Sensex, Nifty suffer 3rd straight loss on crude woes



On the 30-share index, Maruti was the biggest loser, shedding 3.60 per cent. Other major laggards were Yes Bank, IndusInd Bank, Tata Steel, Hero MotoCorp and NTPC — ending up to 2.33 per cent lower.



Source link

Alas, Kochhar is NOT kosher



‘I am not surprised that hubris brought Chanda Kochhar down. It would appear that as a person she thought she could do no wrong and as a leader she considered herself above what her company demanded of others in terms of financial probity and honesty. That, my friends, is NOT a good way for a leader to feel,’ says S Muraleedharan, former managing director, BNP Paribas.



Source link

'We have a 40,000 year-end Sensex target'



2019 appears a story of two halves for Indian equities – a more difficult first half might precede a stronger second half, said Abhiram Eleswarapu, bottom, left, Head of India Equity Research, BNP Paribas in an interview with Ashley Coutinho.



Source link

Government is playing poker with banks



‘By not letting bankrupt banks fail, we have discouraged ordinary folk from taking precautions while choosing their bank or at least when they hear bad news about their bank,’says S Muralidharan, former MD, BNP Paribas.



Source link