$119 billion bad debt mess! Patel has his task cut out; 8 money-making stock ideas; and RBL IPO

ET Markets Daily Brief | Mon, Aug 22, 2016 | 03:31 PM IST Follow ET Markets

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Welcome to a $119 billion bad debt mess, Mr Patel! You have the task cut out The man, who has closely worked with Raghuram Rajan, will inherit a $119 bn pile of bad debt from him when he is welcomed to Mint Street. Eight smart money-making strategies in domestic stocks for next 21 sessions Sameet Chavan, Technical Analyst at Angel Broking advises investors to stay light on positions, avoid undue risks and keep a note of the key support levels. Here's what happened on Dalal Street all through Monday We capture every action from the listed universe of India Inc; be it largecap, midcap or smallcap to keep you up-to-date on anything that may move your market.

Interview One to One The signal coming from Janet Yellen speech will probably be the biggest focus coming next.... David Mann, Chief Economist - Asia, Standard Chartered Bank

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Market Watch 22 Aug | 03:31PM| SENSEX NIFTY USD/INR GOLD 27985.54 ↓-91.46 8629.15 ↓-37.75 67.20 ↑0.14 31245.00 ↓-159.00

Gainers Losers 22 Aug, 2016, 03:31PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low JBM Auto Ltd. 173.10 20.00 99811 173.10 147.00 Chemfab Alkalies Ltd. 260.20 19.99 206012 260.20 217.10 Butterfly Gandhimathi Appliances Ltd. 171.10 19.99 40615 171.10 142.30

Tweet of the day... Bet on private banks and not on NBFCs: Sridhar Sivaram, Enam Holdings

FROM THE NEWSPAPER

IPO WATCH: RBL Bank issue fully subscribed; retail bids@ 2x As per data available with BSE and NSE, investors had bid for 4.87 lakh shares within the first two hours of Day 2 against the total issue size of 3.79 crore shares. Personality & money policy: Urjit Patel needn't be a rockstar to be successful Patel, a PhD from Yale University and M.Phil from Oxford University, is serving as deputy Governor since January 2013. His tenure was extended recently. Business of politics: Did you say Patel is political appointment at RBI? Isn't it business as usual? We think Urjit Patel is the most optimal choice for RBI Governor; for Patel is equally worthy as anyone else in terms of qualifications, prior work experience. New boss on Mint Street pushes India's 10-year bond yields marginally higher The bond markets may worry at least for the time being about the prospects of future rate cuts by the new governor who is popularly known as an inflation warrior. Brazil, Russia stocks rally on commodity rebound; can India play catchup? Sensex stands at third spot with 7 per cent gain, while Chinese stocks, as suggested by Shanghai Composite index, has slumped 13 per cent during the same period.

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