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[hfe_template id='11223'] [ad_1] Equity indices climbed over 2% to settle at record high levels on Friday after the Reserve Bank of India (RBI) revised upwards the GDP growth projection. Stocks that were in focus include names like HDFC AMC, which rose 2%, Wipro, which gained 5%, and Paytm, whose shares rallied 10% on Friday. Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today. HDFC AMC The counter looks very lucrative as currently, it is forming a flag formation with positive closing on the longer time frame. The first important resistance zone will be at 4000, with a subsequent number of call writers and a key resistance zone. Above that, a rally towards the 4200 level and then the 4500 level is expected. On the downside, immediate support is at the 3800 level, where the 20 DMA is placed. Any slip below that could lead to the next major support at the 3500 ...

[hfe_template id='11223'] [ad_1] The Reserve Bank of India (RBI) is likely to keep its policy interest rates unchanged for the 16th month and signal a sustained vigil on inflation due to volatile food prices, while an undiminished pace of economic growth obviates the need to lower consumer borrowing costs. Given the prevailing situation where food inflation remains uncomfortably high and blistering heat waves pose risks of depleting water levels and lower crop production, the RBI's Monetary Policy Committee (MPC) may push back rate cuts further into the year than was earlier anticipated. An ET poll of 14 respondents unanimously predicted that at the end of its three-day meeting on June 7, the MPC is likely to keep the repo rate unchanged at 6.50% while maintaining its stance of withdrawal of accommodation. This would mark the eight consecutive policy review in which the RBI has maintained a status quo on the benchmark policy repo rate. The repo rate is the rate at wh...

[hfe_template id='11223'] [ad_1] In the wake of a prosperous CY2023, concerns about a potential market correction surfaced among investors, casting a shadow over CY2024. Overvaluation in some segments of the stocks added to investors’ worries. Some mutual fund houses decided to restrict the fund flows into schemes focusing on small-cap stocks, which in turn played on the investors’ sentiment. The proactive approach of the regulator by asking the mutual funds to carry out a stress test, which acts as a timely nudge. The Reserve Bank of India also stepped in with proactive intervention in non-banking finance companies and payment businesses. All these have served the investors by bringing down the valuation premium the small and mid-cap stocks enjoyed over the Nifty50 index. Volatility, an inherent element of the market, poses a dilemma for inexperienced investors. However, whether volatility serves as a risk or an opportunity depends on the mindset of the investor, partic...

[hfe_template id='11223'] [ad_1] Mumbai: The Reserve Bank of India (RBI) has proposed to overhaul rules governing project lending to enable the flow of funds to infrastructure and, at the same time, ensure that the risk metrics are under control. It has stipulated minimum exposure of banks in consortium lending and prescribed norms to defile credit events. The regulator issued draft guidelines pertaining to the prudential framework for financing projects in the infrastructure, non-infrastructure and commercial real estate sectors. It said the guidelines lay down the regulatory dispensations regarding the date of commencement of commercial operations (DCCO) of such projects. In the case of projects financed under consortium arrangements, where the aggregate exposure borrowing is up to Rs 1,500 crore, each lender should have a minimum exposure of 10%. If the aggregate exposure is more than '1,500 crore, individual exposure should not be less than 5% or '150 crore, ...