Share Market Tips & Updates for 15 February

Press Release (ePRNews.com) - indore, india - Feb 15, 2016 - RBI : The Reserve Bank of India is expected to cut down key interest rates by 25 bps at its policy review meet on April 5th, a Bank of America Merrill Lynch (BofA-ML) report says. In accordance with the global financial services major, the implementation of the 7th Pay Commission recommendations should support consumption requirement in the country but would limit planned expenditure. Click for Share tips In response, we estimate the RBI to cut rates by 25 bps on April 5th as the fiscal deficit is already low compared to history, RBI’s Mr. Raghuram Rajan on Feb 2 left key interest rate unchanged citing inflation risks and growth concerns, while pegging further easing of monetary policy on proposals of government’s budget. Mr. Rajan told RBI “continues to be accommodative” but would look forward to the govt’s budget proposals on Feb 29 as also the inflation trend. BofA-ML estimates Budget 2016-17 to TGT(target) a fiscal deficit of 3.8 per-cent of GDP, a tad lower than financial year 2015-16’s 3.9 per-cent, but higher than the pre-committed 3.5 per-cent.

Economy of Japan contracted an annualised 1.4 per-cent in the final quarter of previous year as consumer spending slumped, contributing to headaches for policymakers already wary of damage the financial market rout could inflict on breakable recovery. The data underscores the challenges premier Shinzo Abe faces in dragging the economy out of stagnation. The contraction in gross domestic product (GDP) was bigger than a median market forecast for a 1.2 per-cent decline and followed a revised 1.3 per-cent increase in the previous quarter, Cabinet Office data showed on today. It matched a fall marked in April-June previous year. Private consumption, which makes up 60 percent of GDP, fell 0.8 percent, more than a median market forecast for a 0.6 per-cent decline, a sign Abe’s stimulus policies have so far failed to nudge households into boosting spending. In a glimmer of hope for policymakers, moreover, capital expenditure went high 1.4 per-cent, confounding market estimations for a 0.2 per-cent decrease. While local requirement shaved 0.5 percentage point off GDP growth, external requirement, or net exports, contributed 0.1 point due to a decline in the value of imports caused by falling oil prices.

Market headlines :

Nifty floor around 6800; banks not going bankrupt: Kotak’s Prasad.

Budget must have meaty allocation for loss-hit PSU banks.

Expect market to remain volatile for 3-4 months: Antique.

China exports fall down 11.2% in January, imports down 18.8%.

Spending Rs 300 cr on capex; need to regain Maggi sales: Nestle.

BoB, BPCL, IDBI, Future Retail, Dr Lal, Clariant are the Stocks in news today.

Asian equities attractively valued for long term: Manulife Asset.

ITC to invest Rs 800 cr in Odisha for hotel, food park.

SnapBizz increases funding from Ratan Tata.

Budget 2016: Govt may look at tax benefits for diamond sector in SNZ.

SBI to auction Kingfisher House on March 17.

RBI to go for 25 bps rate cut on Apr 5: BofA-ML.

CIL determining quantity for auction to non-regulated sectors.

Govt to take Search Committee route to find Oil India head.

L&T Finance invests Rs 100 cr in TDI’s township at Panipat.

Real estate private equity funds: Means to make money in realty.

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