Stock Market Analysis 03 March 25 : Sensex and Nifty's condition
Today's
Evening. Sensex fell 112 points to close at 73086, while Nifty fell
6 points to close at 2219. Where is Bank Nifty down 230 points
to close at 4814?
Friends, since our markets
closed on Friday, many interesting updates have happened globally. In fact,
World War III related, Trump said that in a note. Where else will the markets
be impacted? If you think it will be heavily impacted, then what happened? In
the global markets, our markets are also gapping up. In a situation where you
think everything is fine today, if you look at the opening, Nifty, Sensex, Bank
Nifty, these fell. But if you put these aside, portfolio stocks, small caps,
mid-caps, but they fell heavily, but later on, it was seen that the time Among
them, there is a deep recovery, a recovery in small caps, a recovery in
mid-caps, and a strong recovery. The fear shown by the morning
market today about what will happen next is definitely impacting investors
psychologically.
We need to talk about this in more detail. What is the Indian government talking about in relation to the market fall and for the first time, big investors are talking about whether there are people running big capital firms. These statements made by Sameer Arora in relation to Helios Capital are creating a big stir in the entire financial markets. We think that we do not need FIS, retailers are enough and we do not have a capital gains tax on FIS like no other country. Why should they come and invest in India? What are the reasons why they do not leave India? We do not know. Are we growing with solid exponential growth? We may be growing a little better than other countries, but if we calculate the tax we are imposing on them post-tax, if we compare it with the dollar, the rupee somehow depreciates. In addition, whatever growth is coming in the Indian markets, it is slowing down. In this context, our markets are growing hugely. Where do you put the capital gains tax that we have been imposing in other countries? FIs are selling so much because we are imposing it in our own country. If the government takes immediate action on this and does not address the capital gains tax imposed on them, we will have to face the heat related to FIs. Obviously, all investors will be in pain when the market follows this trend. There is no disturbance in our India, still FIs are selling like this just because when the market is growing, let's increase the capital gains tax. We avoided it thinking that the increased capital gains tax would somehow be neglected in the bull market, but FIS has taken it seriously, that's why they are booking profits like this. In February alone, it was close to 60,000 crores, in January it was close to 87,000 crores, and even before that, they are selling more than three lakh crores. The main reason for their selling is the burden of taxes imposed by our government on them. The entire investor community is talking strongly with the statements he has made to remove it immediately. Is Piyush Goyal, our Union Minister, the statement he is making is that do not link the March market fall to anything else. The market has grown very exuberantly, and when in one way The market will not go up, the market will definitely fall down. The valuations that have gone up without looking at them are now being corrected. There are statements by Piyush Goyal that say that there is a correction due to overvaluations and nothing more. But I strongly suggest that someone should watch this conversation between Donald Trump and Zelensky regarding Ukraine. I think it will be around 40 minutes. But if you don't watch, I know that in the entire geopolitical events in the last 10 years, you will not hear such a meeting between the heads of countries and talking about a very heated argument Now, in this entire event, two things that I did not expect happened. In this entire event, Zelensky regarding Ukraine, I did not expect such harsh words and such bold statements against the United States and against the US and against Trump. And when such statements are coming, Trump Just sitting there listening to it, Vice President Vance is making statements, but Trump is just listening to it coolly, listening to the statements made, even the heated arguments. Usually, when there is a small statement, he makes very big statements. Trump is like that. Trump is acting somewhat settled here. Finally, he said to the President of Ukraine, Zelensky, you want World War III. You did not come for peace. If you want to come for peace, come again. But now your mind is set that you will not agree to peace. He actually came without signing any mineral deal with Zelensky. It is beneficial for the US to sign the mineral deal. It is also beneficial for Ukraine to some extent. So, US President Donald Trump tried to make an agreement with the President of Ukraine, Zelensky, that we will protect it from Russia. But Zelensky refused. Now you are saying that you will protect us, but in the past, we have received such assurances from the US, but they are making statements that have never happened anywhere. They are making mistakes. They are being deceived. They may have been hurt by the surprises that came from Russia in the past regarding their country, that is, the surprises that came against them, may have made them talk like that, but that is not the platform. Such statements should not have happened there. I was waiting to see if the global markets would take this meeting seriously, but the US markets and global markets did not take this meeting seriously. In particular, Trump's statement that he wants World War Three immediately brought me a question mark about what impact this burning market will have. But the way the markets are closing today, these are actually big negative statements, but probably the markets have been falling for so many days, so this It seems that the market is not taking the negative as seriously as it should. Similarly, Piyush Goyal's discussions about tariffs related to the US and strengthening India-US relations, and not only the US but also Europe related, and Modi's statements that India and Europe will accelerate discussions and try to complete them quickly, are also visible. In terms of our economy and Indian markets, we can see both of these on the positive side. If there are any positive data points, the PC inflation data related to the US has been updated and is better than expected. Probably, that is why the US markets also closed better. Not only the US and Europe, but all the Asian markets are doing well. But only our markets had some impact today, but it was negative, but it recovered again. Morning only saw heavy suffering related to Indian equity markets and the burden of high taxes imposed by the government related to it and FIS related to it. They are saying that our markets are increasing no matter what we do. It is our mistake in the bull market. There is no reason for the market to fall so much without a bear market. These comments made by Sameer Aro are also going on Twitter requesting the government to bring some change to the investors related to this Indian equity market fall. But I know that if the government increases taxes once, I don't think I will reduce it. And in the same parallel, Rithadim Desai, MD of Morgan Stand, said that 20 lakh people are going to move to the rich category in the coming times. This is the highest in the last 10 years. I am saying this in the entire world and the middle-class Families will also rise to 170 million or 17 crore and overall Indian growth story is also strong. It is time to invest in stocks. The Indian growth story is strong and there are positive comments that there will be good growth. When will this FIS selling stop? A question mark is haunting the Indian equity markets. And the decisions taken by the government regarding selling back tax related to tax that is not imposed on FIS in any other country. We have gained or gained more than what we thought we would have gained by paying tax. Investors are now facing a loss that is more than what we thought we would have gained. And in the coming times, if the government does not want to disinvest or if someone wants to exit as a private equity player, the entire IPO system related to which new companies want to evolve, FISA plays a key role. We hate those who do it and say that we don't need them in India. What retailers will there be? FIS may come or go. The investment spirit has started among Indians. Statements that FIS is not needed. The burden of taxes imposed on them will impact Indian markets. Requests for an immediate government decision on this have been coming from major investors, from CEOs running capital frames, but from the government in the last 48 hours. Probably, when the market falls like this, everyone is taking that pain. We have never heard such harsh comments against the government anywhere in the bull market, but at present, there is a little pressure from big players on the government's side. And when it comes to things to watch closely, I will impose 25% tariffs on Mexico and Canada from tomorrow. I am imposing them on China. Trump has previously announced that he will impose a little more on the tariffs, 10% more. How will this be implemented? If it is implemented like that, how will China respond? How will Canada respond? How will Mexico respond? What kind of answers will the US give next? We will have to watch all these geopolitical tensions in the coming times. And here I would like to say that if anyone wants to invest in the US markets, wait a little. Compared to the US, I think our Indian equity markets are doing well. I am not saying whether you should invest in the Indian markets or not because those who have definitely already invested money in the recent days are a little impatient when they hear this. However, the fact is that the market is growing very well in the Indian market or not. At this point, those who want to enter the US markets should think logically once or twice. Try to go to this point, I see more risk compared to reward in US markets. Exactly opposite, I see better reward than risk in Indian equity markets, particularly in the large cap space, and FIS-related selling is almost the same as it has been in the past. They are maintaining 85% net shots. Today, there is a probability that there will be no major selling in the market in the second half. Even today, there is an expectation that there will be some cool-off in their numbers. Cool-off in the sense that if it comes between 2000 and 3000 crores or less, their selling can at least raise a small hope. If they sell 4000, 5000, 6000 crores, then it should be seen below their normal aggressive selling. Dollar Index It is at 107 billion. Bond deals have also cooled off somewhat, they are around 426. We have no threat from them. And the dollar to rupee has also weakened in recent times, going up to ₹8727 per $1. And from here, some time back, we thought that the Israel-Hamas issue was complete, but now the Israel-Hamas issue has not stopped completely. The issues between the two of them are still the same. The Russia- Ukraine issue has also stopped. Trump came in the middle and settled the amount. You should also watch this blog. The entire Europe has come together due to the experience that has been faced in the USA regarding the situation related to Ukraine. I know that something like this has never happened in the past years because everyone has been busy with their own work, but now for the first time. All of Europe is the same. The attempt to support Zelensky is an attempt to support Ukraine. What will happen indirectly? NATO Europe. All of this is now moving on the side of Ukraine. The United States has been on the side of Ukraine until now. But after Trump came, it seems to be moving on the side of Russia and Russia will somehow have China's support. So, the whole world is trying to divide by putting Ukraine in the middle. We will see after the recent meeting. We will see how this develops. But as far as I know, in this 21st century, they will focus on growth-related issues rather than geopolitical issues. So, it would be good if this issue is also resolved in a positive way in the coming times. But this should not be neglected. In the last 24 hours, many heated things have been seen in geopolitical arenas and just now the FIDI data is updated. Even today, it seems that almost FIS is selling close to Rs 4788 crores, but today, it seems that almost double the buying from DIS is unusual. Probably, DIS saved the markets today. DIS did nothing but stop selling of mutual funds indirectly, it is not visible if retailers' money is stopped
Best Investment Update :-
Friends,
even at this point, even after the market has fallen so much, if anyone wants
to invest a huge amount of money in the market, keep this in mind. Whatever
money you are bringing, bring money that you have not touched for at least five
years. Because the mistake that many people make is that they also bring money
that is for short-term needs and put it in the market for the next one or two
months. But the market is there, you have to sell it in the stock market at a
loss for those needs that have fallen a little bit. That is, you have brought
money that you think you don't need for five or 10 years. That is, you brought
it when the market is at its peak and the market has fallen by 20, 30, 40%. You
don't need that money, so you wait. We have the opportunity to take
profits when the market recovers. Therefore, related to this, many times,
short-term needs also require the money that you have in products that have
volatility like the stock market, bonds, but also in that I talked about
government bonds and I talked about fixed deposits. What is the coupon rate
related to bonds and if you want to redeem it early, there is no clarity. Those
who think that fixed deposits are because fixed deposits are close to 9%, 9.5%,
so some small finance banks are offering us a slightly higher return than these
bonds. Fixed deposit does not work. I want to make a fixed deposit in a bank
that gives high interest rates in India but if you think that I do not want to
open a bank account there, then through this stable money app we can put our
money in small finance banks in India that give top interest rates.
We have interest rates of 9% and for senior citizens, even close to 9.5%. RBI has started cutting interest rates. Probably, interest rates may continue to come down for us from a few more weeks. So now by making these fixed deposits, we will be the ones who have locked this interest rate in the short term. Small finance bank safena as per rbi small finance banks public sector private sector No matter what banks you invest in, the government or rbi will guarantee the money you put up to 5 lakhs including interest through DICG. Even the Government of India is trying to increase this. So, is the Stable Money app safe or not? That is why I wanted to tell you this. On the first day I invested the money and received a confirmation directly from the bank that your money is your fixed deposit. I started talking about this app only after the official confirmation came from the bank. Your money is not with this app. It goes directly to the bank in which you want to make a fixed deposit. From there, you will receive an official confirmation via email or message. Even you can go to that bank branch and confirm it whether you want to make it in this app or not. First of all, you can check which banks in India are giving us what tenure and what interest rates through this app. So, click on the link in the description comment section and install it. After clicking here, you can compare the banks that are giving high interest rates. Present good interest rates for fixed deposits. I am talking like this because they are in the coming times, so there is no logic in talking about them if someone is thinking of parking short-term money, then take a look at the Stable Money app in the description comment section.
Market FALL The END?
Friends, due to the recent market decline, the market has almost reached the bottom, so it is not to say that it will not fall further, but there is a greater chance that the market will rise in the coming times than if it falls from here. So, if someone wants to buy stocks, the companies they are watching and tracking will do well, so they can start entering them now, Ramdev Agarwal, the famous investor and the person who runs Motilal Aswal, commented. Let's try to listen to it once. I think the most important thing is now, don't wait for the reason that we are closer to the bottom now, weather it is. 1000 points away 500 I have no idea and let me tell you nobody has any idea okay I have seen best of the chartist and all telling me they are all eating their own stuff so what I am saying is now this is a time stocks are making bottoms all the stocks will not make bottoms on the same day okay so if you like certain stock and that stock is arable at your dreamy price and it has gone below that don't hesitate start moving in to the market that will be my size now the question may come to many of us let's say it will bottom let's say it won't fall much but what is the reason for the increase in the price this recent we have been continuously mentioning in our market analysis blogs also the RBI is taking The measures are good for banks and financial institutions, and the benefits given related to income tax will also start reflecting in the economy from April 1st, so the macroeconomic data will improve in the coming months, July and August, and Ramdev Agarwal is saying that due to these elections, government spending has also slowed down a bit, but it will also pick up a bit. In fact, even though there is a tight environment related to RBI, even though there is a tight environment in terms of liquidity, even though spending is low in terms of elections, without any other booster, our GDP data has come close to 6.5 in the recent data, and in the coming times, liquidity will be used related to RBI, and government spending is likely to increase, and income tax related benefits will also help the economy. All these will reflect in India. All these will keep the Indian growth rate better. So, if you look at the valuation of Nifty in PE terms, it is currently in the 20s. If you observe from the last 10 years, in very few cases, Nifty PE has dropped to those levels. In fact, we have discussed this similar logic in recent blogs. Ram Agarwal also mentioned the relevant logic and said that Nifty has increased a lot. Small caps, mid-caps, all these have increased. But Nifty EPS and earnings per share have also increased from 500 to 1000. Earnings have also picked up. However, compared to mid and small caps, large caps have not grown that much. Therefore, in the coming times, large caps will grow significantly. Midcaps will recover more than small caps. Ramdev Agarwal shared his opinion with investors on this point, saying that large caps are in his favor, so this similar opinion has been repeated in recent times, if someone wants to invest in large caps, then when Nifty PE is approaching 20, we have historically taken the 10-year average of those stocks, but every time we come to that zone, the value in the market has risen, but it has not gone up because it has gone up to 17 in 2020, but that is a special condition, right? Now we do not have such scenarios, right? I am telling you, the market will go well from here too, you will tell me, if someone thinks that what will happen if it falls by 20% or 30%, then it is not wrong because no one knows what will happen next in the market. Wait, who is saying that there is no water to go forward, but I am saying this in my opinion, if we have money to invest when Nifty reaches 20p, then investing at least some portion of it in the market is a long-term investment. As I said, it will not create pain for those who are looking for an investment for at least five years.
Stocks Data Update :-
My opinion is that opinion friends, observe this data carefully because you analyze and study many stocks, but in the coming times, stocks fall or rise due to certain reasons and in that space, depending on the recent Q3 numbers and their growth opportunities in the coming times, the prices that are currently related to each other are good. Many sectors you see here are Cement, Metals, Pharma and Hospital, Banking and Financial Services, Infra Chemical. Midcaps, FNCG, Retail and Auto, Auto Accelerators, let me explain to you what are the positives and negatives of each sector. Every sector now has cement, right? Not this cement. In the coming times, this entire PDF gives an outlook for every sector. What are the past numbers like? Which ones have a chance to grow in the coming times? And according to them, which companies are likely to meet their expectations and post good numbers in the coming times? By publishing all the data, we can see why the stock price is likely to fall or rise in the short term. In the short term as well as in the midterm, that is, after a few months, if we have clarity about what reasons it will rise, we can wait and see if these reasons play out, so that the stock prices will also rise well. So in the short term, we can try to make a profit there. If it is negative in the mid-term and positive in the long-term, then that will be a theme that an intelligent investor plays. If you look at it that way, what are the negatives for them in the short term? They say that cement prices are falling due to higher competitive intensity. In recent times, ultra-tech companies like Ambuja, ACC, I mean AC, Ambuja, Aditya Bella, etc., which are in the same space, are acquiring various companies and increasing their competitive intensity, creating concerns that margins will be impacted. Most of the cement players have not moved much for us and cement prices are not getting much appreciation related to them. In the short term, it seems to be a bit of a pain for us. In the long term or medium term, real estate, housing, infrastructure, this demand Picking up and capex plans are happening in most of the spaces. When you look at it, the cement player will have income. Ultratech is seen as their top player. They are also explaining the reasons for going like that here. And two other stocks, JK Cement and Ambuja Cements, are also updating the price possibility of going like that in this PDF. This is cement, right? If we take every other sector related like metals and mining, we will give the rest of the outlook and explain the important charts related to these metals in recent times. There are many spaces. In metals, we have steel, aluminum and raw materials that are required for the manufacture of these metals. And the companies that use these metals as a raw material and manufacture products, in the near and midterm, that is, which companies are closer to them? There is a negative but in the long term, what is positive or what is negative? If you can analyze this data properly, do you want to be excited about the growing in the short term or is there a benefit in the long term as well or is there green in both? Only in the mid-term is it green and then see the sale. It is green in the mid-term and it is red in the long term, which means that there are chances of their related negative outlook playing out in the long term. That logic is also being explained here. What are investors going to do in the next few months? If it is green, what are the chances of it growing in the coming times? If it is red, why is it red in the near term? Why is it likely to grow in the coming times? What is their actual valuation? According to that logic, they are mentioning here whether to buy these particular companies or not. So, in this space, the ones that appear to be the top They are mentioning companies like Hindalco Next, APL, Apollo Tubes, Tata Steels. There is a possibility of some pain in the short term related to pharmaceuticals and hospitals. There may be a fear that tariffs will be imposed due to supply concerns related to the US. However, they have advantages in launching new products in the coming times and business growth related to India. In the pharma and hospital space, they are explaining what are the logics that give advantage in the short term and medium to long term in the red. They are explaining the companies that are interesting and the logics related to it. Also, in the banking space, which banks and financial institutions have posted good numbers in recent times and which ones performed well this week. Isn't this important for us at the same time? What is good and what is not good according to the numbers, we can understand in this image, but from here there is a possibility of what will happen forward for both banks and NBFC. If you look at it like this, in the banking space, Icici Bank, HDFC Bank, SBI, City Union Bank and NBFC space, Bajaj Finance, Chola Mandal Investment, Shriram Finance are seen as top companies. Similarly, they have shared data related to each sector as relevant. When it comes to Wheres Chemicals, what are the challenges they face in the near term and what positives are there to play. When you look at it like this, the good companies they see are Naveen Florin, Dhanuka Agritech and Vatak Vabag in the mid-cap space. The data is being shared like this. The remaining sectors are related. The entire data is in this PDF. If any sector is related However, if you are understanding and studying it, you will find this PDF useful, so I am also giving the download link of the PDF in the description comment section. Just assume that you have gone to our WhatsApp channel because I will also share it on the Telegram channel. But by the time you see it, there are already many posts, so you may miss this PDF. Just open your WhatsApp and click on Updates, click on Channels, click on Explore, and type Day Trader. There will be a channel with 95000 of our people there. You will see the image that I told you at the start, and I will also update this PDF there. Similarly, all the important data points mentioned in many blogs will also be visible to you as you go up. This is a channel that only shares important data.
Auto Sales Update :-
Next February Auto Sales data will be on your screen here, which auto companies performed well last week, which ones are on your left hand side, which ones are close to expectations, which ones are in the middle, which ones are above market expectations, which ones are on your right hand side. Even with this, there are SML issues, right? It has published strong data related to auto sales for the month of February and Atul Auto also has good data related to auto. If all these are the same, then if there is a big update related to ola electric, we will see that almost 1400 to 1500 employees are going to lose their jobs related to ola electric because in recent times, almost 4000 stores have been opened, but in some of those stores, not even a single scooter is sold in a month, so the employees who are there and the maintainers who are there are sorting all this out, and ola electric is trying to reduce expenses. The updates seem to be trying. Overall, where do you see a strong performance in these auto sales? Eicher Motors and TVS Motors both closed well today. They grew a lot. When it comes to four-wheelers, Tata Motors disappointed a bit. M&M is delivering strong performance as usual and remaining auto companies related. We talked about the data wise as well as year-on-year and quarter-on-quarter. Compassion Four-wheelers Two-wheelers Three-wheelers Commercial Vehicles and Farm Equipment. I am putting the data related to these tractor companies in front of your screen. It should also be mentioned that M&M has now evolved into the second largest auto player in India after crossing Hyundai. SUV sales are increasing by 19% year-on-year in comparison. M&M has remained the number two car maker.
2 railway stocks
IR We should talk about CitiC. The Government of India has granted Navratna status to IRCTC. This is definitely a good update related to IRDCI. We should see it because any company that has Navratna status, they are a company under the government without government permission. So, without government permission, they can invest anywhere up to 1000 crores or 15% of their entire net worth, whichever is less, without government approval. They can invest and they can form joint ventures, mergers or acquisitions, but they can also enter into mergers and acquisitions with companies not only in India but also abroad. Even this similar status has been given to IRFC. Therefore, the advantages mentioned above will come to them. So, like this, Navratna status from Mini Ratna It is a good thing that we should see that
Astrazeneca Pharma Ltd. :-
AstraZeneca has received a green signal from our Indian drug regulator, Cedesco, for Infin. So, what is Infin? Its generic name is Phurvalu Map. This is a drug that is used in hepatocellular carcinoma like liver cancer. So, this is an important liver cancer drug that they are getting a green signal for. In the coming times, they will sell it in India.
Must Read :-
And if anyone is studying alcohol companies related, I am putting some important data in front of your screen. Observe it carefully. In the coming times, which alcohol-related companies are trying to increase their margins? What is their current margins? What is their current status? What are they trying to do? Are they trying to change it within a certain time? And are they achieving what they say or are they on track? Is there any behind this important data? You will find it in one image, Pay attention. If you study this particular industry for hours, you will be able to come to such conclusions. If possible, try to take a screenshot. No, let's download some quality images. I am giving this on both Telegram and WhatsApp.
Paytm & RBL Bank Ltd. :-
Paytm and RBL Bank are both partners. There will be merchants related to RBL Bank. They will supply sound boxes related to Paytm. They will also supply card machines related to Paytm. They are also going to do business with Paytm. RBL Bank and Paytm are updating them.
Transformers & Rectifiers Ltd. :-
They have received an order worth 350 crores related to power infrastructure. Transformers and In the rectifier segment, the exchanges are updating. If you see here, it is 272 crores. This is one of the orders. Out of the entire 350 crores, another 78 crores is an export order for Australia. Whereas, this 272 crore order is from Adani.
Shakti Pumps Ltd. :-
They have
been updated that they have got a solar pumping project worth 23 crores 91
lakhs as part of the PM Kusum Scheme.
Vishnu Prakash R Punglia Ltd. :-
They have got a railway contract worth 269 crores 69 lakhs from North Western Railway. This is not a complete order, but an order that they have formed as a joint venture with SBI.
Tilaknagar Industries Ltd. :-
They are updating the exchanges that they have received 13 crore 9 lakhs subsidy money from the Maharashtra government.
Crypto Update
since the US government changed, Elon Musk and Donald Trump have been focusing on cryptos. Now, if you look at the new statements made yesterday, they want to create a crypto strategic reserve, mainly Bitcoin, Ethereum, XRP, Solana, Cardano, and keep these coins in that reserve. Now, how do we maintain dollar reserves? They are also maintaining crypto reserves and making America the crypto capital of the world. With these updates, Trump is making statements that he will make America great again. If there is a sharp jump in the crypto markets overnight, It was seen that in the past, various statements related to crypto took cryptos to a very high peak. It started to fall in recent times, but again, this time, these statements were coming from the US President. It seemed to bounce back a bit. But beginners should remember that no matter how many statements are made, no matter how many times they are made, after a point, any market stops taking those words seriously. So you think that cryptos are like stocks. There are businesses behind them. They post results. There are valuations. Re-rating will happen in the coming times. These factors are not all. There will be a completely different set of scenarios there. So I strongly suggest beginners to stay away from this completely.
Railtel Corporation of India ltd. :-
Rail Tail has received an order worth 26 crores 38 lakhs from Kathak Development Authority. This is by July 11th. They say that they will complete it by 2025. They also said that they have received an order worth Rs 37 crore 18 lakhs from Madhya Pradesh State Electronics Development Corporation related to data center expansion and that it will be completed by June 27, 2029.
IGI Ltd. :-
However, they are saying that we should talk about Next IGIL. The numbers of International Germological Institute came after the market closed. We talked about the numbers in the last blog. The numbers are good, but even after those good numbers, the stock fell close to 10% today and ended in the lower circuit. The reasons for this are shared by the analysts of Economic Times, such as Ewatch. HNI selling means FIS, not HNIs. Big institutional players in our India have probably put almost 360,000 shares for delivery and selling. Even after the numbers, the valuations are expensive. And promoters have also been pledging in recent times and have tried to balance the stock fall with some other reasons.
IEX Ltd. :-
Next IEX is
sharing their business data related to the month of February. The data is good.
Their electricity traded volumes have increased by 9% year-on-year. The volume
related to the day-ahead market has increased by 14%. The volume related to the
real-time electricity market has increased by 23% in terms of RTM. The clear
price has declined by 11% year-on-year. Here, the clearing price declines when
the volumes are high. We can observe this in every update that has been made in
the past. The Anti-Corruption Bureau related.
FIR on SEBI EX Chairman
Next
Bombay, the former SEBI Chairman, Madabi, has asked SEBI to register an FIR
against him and some other officials. BSC MD and CEO The ACB Anti-Corruption
Bureau, Bombay, has passed orders holding them responsible for the
irregularities committed by some companies. It means that the BSC listed a
company that was not eligible to be listed and this was done with the
permission of SEBI. Therefore, the SEC has taken a decision to register an FIR
by making the former SEBI Chairman and some other officials involved in the
investigation. It is not the ACB office, but the Special AC Baba Court, a court
related to Mumbai, which has taken the decision. SEBI has also responded
immediately to this. Is this on the ex-SEBI Chairman? They are not actually in
SEBI now. Let alone whether they are there or not. How is the court taking this
decision without giving us any notice? We will challenge this.
The official statement of
SEBI and even similar statements from BSC are coming in the higher courts
saying that they will move forward legally. They have approached the Bombay
High Court. The AB Special Court has asked us to file a first FIR against the
SEBI Chairman and the BSC. They are moving the matter together from the High
Court to the Bombay High Court. The SC Court has given an order to register an
FIR and to stop it for some time. The High Court is saying that we should
investigate it tomorrow. The Bombay High Court is saying that we should
investigate it tomorrow. We should investigate it on March 4th. Until then, do
not register an FIR against them. The Bombay High Court is saying that if any
journalist files a case against us in the ACB court, he will always do
something related to us.
He has done it in the past
too. Many times, he has been beaten up. The CB people are saying
that they should not be taken seriously. What is the relation of this whole
thing, that is, all this is related to Cals Refineries. It happened in 1994. At
that point, the SEBI Chairman is not this person, and even the MD and CEO of
BSC are not them. So, at that point, irregularities have taken place related to
the listed company. That is, how can the recently ousted SEBI Chairman and the
current BSC MD and CEO be partners? How can they be related? How can they be
named? How can their names be linked? SEBI and BSC are fighting.
So, we should remember that
tomorrow, this entire issue will be heard in the Bombay High Court. Friends,
before closing the blog, I will say it again. RBI has started cutting interest
rates. In the coming times, most of the banks will reduce their fixed deposit
rates. By this time, you will get a short If you have any money for term needs
and instead of putting it in a bank savings account or fixed deposit with a low
interest rate, invest in small finance banks offering the top interest rates in
India.
Stay safe, stay informed, and invest wisely!
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