MONEY TREE

30/05/2021

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30/01/2021

History of index on budget day

28/12/2020

18/12/2020

Reliance Industries Ltd (RIL) and BP on December 18 announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the east coast of India.
R Cluster, located about 60 km from the existing KG D6 Control & Riser Platform (CRP) off the Kakinada coast, is the first of the three deep-water gas projects in block KG D6 being developed by RIL and BP to come onstream.

The other two projects are: Satellites Cluster and MJ. The three projects together are expected to meet nearly 15 percent of India's gas demand by 2023, the companies said in a joint statement.

Located at a water depth of greater than 2,000 meters, it is the deepest offshore gas field in Asia and it is expected to reach plateau gas production of about 12.9 million standard cubic meters per day (mmscmd) in 2021.

03/12/2020

https://www.moneycontrol.com/news/business/rbi-asks-hdfc-bank-to-halt-all-launches-around-its-digital-2-0-initiative-6185041.html

One of the largest banks in the country, HDFC Bank was facing massive customer backlash because of the frequent failures in its digital banking offerings. The RBI also asks bank to stop acquiring new credit card customers.

30/11/2020

Effect from tommorow

29/11/2020

This is to let you know that SEBI is changing INTRADAY margin requirements. As per the attached circulars, for intraday trading, you will have to maintain a minimum of 25% of margin requirements in your respective trading accounts in all segments - *(Equity, Equity Derivatives (F&O), Currency Derivatives and Commodity Derivatives)*. As per SEBI's new norms, before placing any intraday order, if you don't have 25% of the margin required, a penalty will be levied on the shortfall amount.

This provision of maintaining a minimum 25% of the margin requirement is applicable from 1st December 2020 till 28th February 2021 and thereafter the slabs as per the table below are applicable:

Effective date

*Minimum margin requirement (on intraday positions)*

*December 01, 2020 to February 28, 2021 -25% of the applicable margin*

*March 01, 2021 to May 31, 2021-50% of the applicable margin*

*June 01, 2021 to August 31, 2021-75% of the applicable margin*

*September 01, 2021 onwards-100% of the applicable margin*

27/11/2020

Now SIP is Salary Investment Planning.

25/11/2020

SEBI is planning to cut down settlement days from T+2 to T+1. India would be the second market to implement this measure, should it go forward.
The regulator has discussed the T+1 settlement mechanism on various platforms but faced resistance from market participants, especially Foreign Portfolio Investors. However, SEBI has firm grounds for this reform as less settlement time means less risk of a default by brokers.

22/11/2020

Commodity Pivot Level 23 Nov 2020

Note : By mistake date mentioned in PIVOT level is 22 Nov 2020. Bullions Buy On dip trend wait till mrng 11 o clock market. Energy NG sell Trend Crude slight...

17/11/2020

Morgan Stanley has revised its BSE Sensex target upward to 50,000 points by December 2021 in the base case scenario, saying that the coming growth cycle is not fully priced in. The overseas firm had earlier projected the 30-share index target at 37,300 by June 2021.
The target indicates an upside of nearly 14 per cent from the current levels of around 43,890. At the same time, Morgan Stanley believes that the broader market is likely to outperform large caps in 2021.
~ET