Equitas IPO opens tomorrow; Debt downgrades of India Inc high; metal firms worst hit

ET Markets Daily Brief | Mon, Apr 04, 2016 | 04:57 PM IST Follow ET Markets

Dozens of BSE500 stocks above 200-day SMAs, give overbought signal Among the 185 BSE500 stocks, the 14-day relative strength index values for 76 were above 70, suggesting that the stocks are in the overbought territory. Equitas Holdings IPO opens tomorrow; is it worth taking a look? The microfinance company, which is looking to mobilise Rs 2,200 crore, has set the price band for the IPO at Rs 109-110. The first issue of the new financial year will close on April 7. Here's what happened on Dalal Street all through Monday If you are reading this, chances are Sensex and Nifty are part of your daily life, and actions on Dalal Street can make or mar your day.

Interview One to One RBI likely to maintain dovish stance, somehow going forward but contingent on stable inflation, stable oil prices and... Nizam Idris ,Head of Strategy,Macquarie Bank

Market Watch 4 Apr | 04:57PM| SENSEX NIFTY USD/INR GOLD 25399.65 ↑130.01 7758.80 ↑45.75 66.21 ↓-0.05 28150.00 ↑110.00

Gainers Losers 4 Apr, 2016, 04:57PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low ISMT Ltd. 8.94 20.00 94800 8.94 7.54 KSL and Industries Ltd. 18.60 20.00 1 18.60 18.60 Relaxo Footwears Ltd. 442.10 19.99 25866 442.10 375.00

Tweet of the day... India Inc raised Rs 48,952 cr via equity offerings in FY16; IPOs saw fivefold jump

FROM THE NEWSPAPER

Warning bells! Debt downgrades of India Inc high; metal firms worst hit Debt downgrades by Crisil rose to an all-time high of Rs 3.8 lakh crore in FY16, which signals that credit quality pressures continue to mount for India Inc. Top 5 stock picks by global brokerages that can make you money in 12 months Global brokerages such as Goldman Sachs and CLSA last week downgraded Godrej Consumer Products, Yes Bank and Maruti Suzuki in notes to their clients. Panama Papers: Secret accounts of the rich and powerful World leaders, stars of the pitch and screen and dozens of billionaires were among those named in what looks to be the biggest ever leak of inside info. Let jewellers' strike open your eyes; pick smarter options like ETFs, gold funds Investors need not get bogged down by strikes and should opt for more evolved efficient options that are available to them while buying gold – gold ETFs. Even a 50 bps rate cut may not work, banks hardly have any money to lend The consensus expects a 25 bp easing from 6.75 per cent and a few even anticipate a 50 bp easing, primarily based on the Budget sticking to the FRBM target.

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