IFII view on market crash : With volatility appearing to ebb a bit following the Black Monday that hit global markets this week, leading market experts are now saying a major part of it was driven more by technicals than fundamentals. "There was forced selling on the part of momentum traders. And selling begets more selling," Bob Doll of Nuveen Asset Management told CNBC-TV18. While admitting that there have been growth concerns in emerging markets, Doll said the intensity of the crash -- which wiped off as much as USD 5 trillion off investor wealth globally -- meant there was more to it than fundamentals. However, Doll said he was underweight most emerging markets -- barring exceptions such as India -- and said strong economic data out of the US could mean the Federal Reserve could hike rates in September
RBI on stressed loans : Reserve Bank Governor Raghuram Rajan came down heavily on promoters of some large distressed companies taking advantage of banks' fear of an asset turning dud and making unjustified demands. "Some large promoters take advantage of bankers fear about assets turning non-performing to extract unwarranted concessions, without any sacrifice in the value of their stake," Rajan wrote in his Overview on the 2014-15 Annual Report of the central bank release on Thursday. The Reserve Bank follows a July-July financial year.
RBI on stressed loans : Reserve Bank Governor Raghuram Rajan came down heavily on promoters of some large distressed companies taking advantage of banks' fear of an asset turning dud and making unjustified demands. "Some large promoters take advantage of bankers fear about assets turning non-performing to extract unwarranted concessions, without any sacrifice in the value of their stake," Rajan wrote in his Overview on the 2014-15 Annual Report of the central bank release on Thursday. The Reserve Bank follows a July-July financial year.
Read More - Nifty tips
No comments:
Post a Comment