Crude oil futures up on positive global cues

IDEAL STOCK | CRUDE UPDATE 

The oil for delivery in November was also trading higher by Rs 17i, or 0.32 per cent, to Rs 5,264 in 11 lots. Crude oil rose by Rs 18 to Rs 5,257 per barrel in futures market Friday as speculators indulged in creating speculative positions, taking positive cues from Asian markets. At the Multi Commodity Exchange, crude oil for delivery in October was trading higher by Rs 18, or 0.34 per cent, to Rs 5,257 per barrel, in a business turnover of 393 lots.

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The oil for delivery in November was also trading higher by Rs 17i, or 0.32 per cent, to Rs 5,264 in 11 lots. Analysts said speculative positions created by traders as oil prices edged up in Asia Friday amid uncertainty over fallout from Iran sanctions, mainly influenced crude prices at futures trade here. Meanwhile, West Texas Intermediate gained 21 cents, or 0.29 per cent, to USD 72.33 while global benchmark Brent was up 18 cents, or 0.22 per cent cent to USD 81.56 a barrel.

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Positive equity returns unlikely for 3 months, better stay on sidelines

The market has had a difficult run in September with Sensex falling more than 2,500 points from the record high touched on August 28 on the back of IL&FS-led liquidity crisis fears, rupee volatility and rising crude oil prices.

Current fall is like a flashback of Lehman crisis when the mutual fund industry was freezing. 

Currently, it is negative all around due to the IL&FS saga which defaulted on seven repayments between September 12 and September 27 to bondholders. We hope these repercussions do not extend to the equity market,

Liquidity fears due to IL&FS created a ruckus in the NBFC space as leading stocks tanked 15-60 percent in September

While answering questions on loss to equity investors in the last one month, Sonthalia said redemption in mutual funds are still higher but gross inflows are still more than the redemption.

Overall gross inflows dried up altogether as there is no fresh subscription to bonds, he added.

I don't see positive equity return for the next three months unless something dramatic happens. Cash is king now, better to stay on sidelines and watch the situation,

IT, Pharma and many other export sectors are better bets right now as at the end, it is all about relative returns. Export sector is less risky than domestic players

He feels there are near-term valuations concerns currently. "If one has to lose capital, it would be in high-quality names rather than small ones but when the market starts recovering then these quality stocks would run faster than smaller ones

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A look at 20 stocks

Mr. Market is the biggest teacher of all. It teaches us humility, patience, aggression when required and managing risk to limit our losses.

Rakesh Jhunjhunwala has over 11 percent stake in Aptech, followed by VIP Industries, Dewan Housing Finance, Escorts, and Titan Company.

The day is celebrated every year on the birth anniversary of first vice-present and second President of India, Sarvepalli Radhakrishnan

Ashish Kacholia, who is an expert at spotting hidden treasures in the small and midcap universe, has over 7 percent stake in Shaily Engineering, KEI Industries, Butterfly Gandhimathi, Acrysil and Mold Tek Packaging.

The portfolio of Chennai-based Dolly and Rajiv Khanna, who have a reputation of spotting value in small and midcaps, incudes over 2 percent in Rain Industries, followed by Radico Khaitan, Nilkamal, LT Foods and Manappuram Finance.

The Indian rupee has been falling for six consecutive sessions for the first time in nearly five months and is now close to 72 a dollar despite some respite in Indonesian and Philippine currency markets, and fall in crude oil prices.

Although we keep learning new things every day while trading in markets, stock selection remains the key. For that, investors have a great interest in knowing where the big traders are investing.

Rakesh Jhunjhunwala has over 11 percent stake in Aptech, followed by VIP Industries, Dewan Housing Finance, Escorts, and Titan Company.

RBI ने ऐसे बैंकों के लिए बनाया नया नियम

 अब IO की नियुक्ति जरूरी

भारतीय रिजर्व बैंक (RBI) ने सोमवार को 10 से अधिक ब्रांच वाले सभी शेड्यूल्ड कॉमर्शियल बैंकों को आंतरिक बैंकिंग लोक प्रहरी (ओम्बुड्समैन या आईओ) की नियुक्ति करने का निर्देश दिया.

मुंबई : भारतीय रिजर्व बैंक (RBI) ने सोमवार को 10 से अधिक ब्रांच वाले सभी शेड्यूल्ड कॉमर्शियल बैंकों को आंतरिक बैंकिंग लोक प्रहरी (ओम्बुड्समैन या आईओ) की नियुक्ति करने का निर्देश दिया. हालांकि, केंद्रीय बैंक ने क्षेत्रीय ग्रामीण बैंकों को इस आदेश से अलग रखा है. रिजर्व बैंक ने आंतरिक लोक प्रहरी योजना बैंकों की आंतरिक शिकायत प्रणाली को मजबूत करने और ग्राहकों की शिकायतों का निपटान करने के लिए शुरू की है.

आईओ को और स्वतंत्र करने और आईओ प्रणाली के कामकाज की निगरानी के लिए केंद्रीय बैंक ने आंतरिक लोक प्रहरी योजना, 2018 की व्यवस्था की समीक्षा की है. रिजर्व बैंक ने बयान में कहा कि आईओ को ग्राहकों की सेवाओं में खामी की उन शिकायतों की जांच करनी चाहिए जिसे बैंक ने आंशिक या पूर्ण रूप से खारिज कर दिया है. इस योजना के तहत आईओ की नियुक्ति-कार्यकाल, भूमिका और दायित्व, प्रक्रियागत दिशानिर्देश तथा निगरानी तंत्र आएगा.

आईओ योजना, 2018 के क्रियान्वयन की निगरानी बैंक की आंतरिक ऑडिट प्रणाली के तहत किया जाएगा. इसके अलावा केंद्रीय बैंक इस योजना पर नियामक के रूप में नजर रखेगा. मई, 2015 में केंद्रीय बैंक ने सार्वजनिक क्षेत्र के सभी और चुनिंदा निजी और विदेशी बैंकों को स्वतंत्र प्राधिकरण के रूप में आईओ की नियुक्ति की सलाह दी थी.