Few takers for NBFC NCDs even at high yields

THE ECONOMIC TIMES Fri, Aug 30, 2019 | 08:06 AM IST ET Investment Opportunities

Few takers for NBFC NCDs even at high yields NBFCs are failing to book the entire green-shoe option available while raising funds through debentures. NBFCs fail to reflect fall in G-sec yield as sector worries continue Spreads on five-year AAA rated NBFC paper is at least 80 basis points higher than what it was since the IL&FS crisis. Video: How to use candles to spot market trends? You keep hearing market analysts talk about candlestick patterns to interpret trends in specific stocks or the broader market. What are they, where to find them and how to use them? Watch this video for the answers. In short term, fixed income scores over equities in India: UBS We are not far from a global recession right now and certainly very close to a European recession.

Advertorial Fake call alert: This new app lets cybercriminals generate international phone numbers to con people The process of tracking such numbers is simple, but time-consuming. Advertorial RBI likely to cut rates; is it time to change your debt mutual fund strategy? While some fund managers are waiting for the advisory, others believe that the room for more rate cuts has opened for RBI.

Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Axis Bluechip Fund Direct Plan-Growth 0.86 9.49 1.42 14.41 Axis Bluechip Fund-Growth 0.76 8.81 0.10 12.95 Sundaram Select Focus Fund Institutional-Growth -1.60 6.20 -3.28 11.92 Mirae Asset Large Cap Fund Direct- Growth -1.80 3.29 -3.00 11.59 Mirae Asset Large Cap Fund Regular- Growth -1.89 2.74 -4.03 10.64 FeaturedTata India Tax Savings Fund Direct-Growth ★★★★★ -2.11 4.63 -4.00 9.57 Start SIP

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Dividend yield stocks, utilities are 2 very interesting areas: Naren Waiting for retail credit growth to slow down before buying a structurally good sector. Recovery in stock market will be short lived: Shankar Sharma India needs to bring back inflation. Companies have to have a pricing power. FPIs set to return, but only a few of their favourites will rally Recent foreign outflows had more to do with the deteriorating US-China trade ties. Both valuation & sentiment in favour of buying stocks: Desai The EM-flow environment looks tepid. It is bearing the brunt of a global slowdown.

Advertorial With $5.5 mn, PV Sindhu is only Indian on Forbes highest-paid female athletes list Sindhu features on the same list which is topped by Serena Williams. Advertorial Penalty you will pay for missing ITR filing deadline and who won't have to pay If you file your return after midnight of Aug 31, then you are liable to pay a late fee of upto Rs 10,000.

A 'generalist' Bruce Lee model to guide your investment style What makes Bruce Lee interesting is his fusion of many different styles of fighting. A question mark over banking revival. NIM pressure, NPA spike ahead Credit Suisse said stressed loans is again going to exceed 12 per cent.

Initial Public Offer (IPOs) IPO Name Offer Price Band Open Date Close Date   Salasar Exteriors and Contour Ltd. 36.00 28-08-2019 03-09-2019 Novateor Research Laboratories Ltd. 24.00 30-08-2019 04-09-2019 More >>

Real Estate News

Major relief to stressed realty sector on the anvil The government is also likely to make changes to the definition of affordable housing as sought by developers.

Affordable & mid-segment housing drive new launches in Bengaluru JLL data reveals that properties in the affordable and mid-segment have constituted a major portion of new launches.

Release Rs 7.16 crore to NBCC to finish Amrapali projects: SC The bench also directed the Noida and Greater Noida authorities to set up a nodal cell for issuing completion certificate to home buyers and listed the matter for further hearing on September 11.

Hopes of lower home EMIs bring good times for realty CREDAI Indore chapter expects property registrations to remain at around Rs 80 crore in August and the trend is likely to remain firm for coming months.

Realty hot spot series: Pick this Pune locality if you want a home close to IT hubs Airport Road, Pune enjoys high demand and supply of property in various price brackets. Besides proximity to IT hubs, here are factors that make it a real estate hot spot.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   ITI Long Term Equity Fund Reg-D Equity: ELSS Open-ended 15 Jul 2019 14 Oct 2019 500 ITI Long Term Equity Fund Direct-G Equity: ELSS Open-ended 15 Jul 2019 14 Oct 2019 500 ITI Long Term Equity Fund Direct-D Equity: ELSS Open-ended 15 Jul 2019 14 Oct 2019 500 ITI Long Term Equity Fund Reg-G Equity: ELSS Open-ended 15 Jul 2019 14 Oct 2019 500 Sundaram Equity Fund Direct-G Equity: Multi Cap Open-ended 16 Aug 2019 30 Aug 2019 100 More >>

Views and Recommendations

Buy JSW Steel, target Rs 223: Shrikant Chouhan 30 August, 2019, 07:57 AM IST Buy JSW Steel Ltd. at a price target of Rs 223.0 and a stoploss at Rs 207 from entry point. Buy Buy ICICI Bank, target Rs 415: Shrikant Chouhan 30 August, 2019, 07:55 AM IST Buy ICICI Bank Ltd. at a price target of Rs 415.0 and a stoploss at Rs 399 from entry point. Buy Buy Tech Mahindra, target Rs 715: Shrikant Chouhan 30 August, 2019, 07:52 AM IST Buy Tech Mahindra Ltd. at a price target of Rs 715.0 and a stoploss at Rs 689 from entry point. Buy ICICI Securities maintains buy on Cummins India, revises target price to Rs 679 29 August, 2019, 12:38 PM IST Cummins in its analyst meet cautioned on the challenging scenario in overseas geographies. Buy

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Gold price tops Rs 40,000 mark | Mutual funds still shunning NBFC exposure | Fresh debt defaults on horizon

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DAILY BRIEF Thu, Aug 29, 2019 #Q1Results#SmallcapHunters#IPOs#ExpertViews#StockRecos SENSEX 37068.93 -382.91 NIFTY 50 10948.30 -97.80 Gold 39159.00 -6.00 USD/INR 71.77 -0.01

TOP OF THE DAY Fresh debt defaults on horizon: Check out stocks on watch list The problem is more pronounced in housing finance companies and shadow banks. Govt to announce more measures to boost economy: Sitharaman Gold price tops record Rs 40,000 mark as recession fears deepen Revival in consumption and investment high priority areas: RBI Funds shun exposure to India's NBFC debt Scrap capital gains tax, go for higher STT: Samir Arora F&O: Nifty setup weakens, range shifts lower to 10,700-11,300

Top Gainers NSE 1 company (largecap) appreciated more than 5% Sun Pharma 5.22% More from Gainers Top Losers NSE 4 companies (largecap) price decreased more than -3% SBI -3.65% YES Bank -3.53% More from Losers 52 Week High NSE 14 companies touched new 52-week high today Baba Agro Food Ltd. 8.19% Nestle India 1.59% More from 52 Week High

AdvertorialPenalty you will pay for missing ITR filing deadline and who won't have to pay If you file your return after midnight of Aug 31, then you are liable to pay a late fee of upto Rs 10,000. AdvertorialGen 5 Fossil Touchscreen Smartwatch comes with Google Assistant, multi-day battery life The inbuilt speaker allows the wearer to answer phone calls right from the wrist.

SBI's credit card business aims to raise $1.1 billion via IPO SBI has already tapped banks to run IPO process and listing is expected to happen in Q4 of FY20. After Market: Paint stocks@52-week highs; LVB, Amara Raja crack Aberdeen seeks shelter from trade war in India, Southeast Asia A nil-debt, low PE, big vision stock that promises to deliver

Market moguls Podcast Video Waiting for Godot! Can there really be an end to US-China trade war? ETMarkets Evening Podcast: Should investors start accumulating stocks now? Banks send Sensex 383 pts lower, Nifty ends August F&O series at 10,948

RECOMMENDATIONS Cummins India Ltd. ICICI Securities maintains buy on Cummins India, revises target price to Rs 679 Buy InterGlobe Aviation Ltd. Buy IndiGo, target price Rs 1914: ICICI Securities Buy Blue Star Ltd. Buy Blue Star, price target Rs 829: Reliance Securities Buy Mahindra Logistics Ltd. Buy Mahindra Logistics, target Rs 415: ICICI Securities Buy HDFC Life Insurance Company Ltd. Motilal Oswal downgrades HDFC Life to neutral, target price Rs 550 Neutral

Stocks can't keep defying the drag of an economic slowdown A three-day rally in stocks faded Wednesday after a gauge showed weakness in the economy. Manish Gunwani makes a bull case for midcaps Zerodha faces 2nd snag in 6 months; leaves traders miffed Why Chakri Lokapriya is ready to buy Tata Global Beverages

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