morning thoughts...
As said and expected the markets bounced from lower levels and saw a good rally last day and all our pre intimated calls on friday had a blast. Now the coming session looks volatile with a probable two side move in index and stocks .As reality seems to have hit markets, real issues in the economy are getting acknowledged.Mounting bad debts is one of the key concerns for the Indian economy that we have been highlighting for some time now.The banks so far have indulged in creative accounting of bad assets. While this has under represented the bad loans so far, it just magnifies the issue. With Mr Rajan setting a March 2017 deadline to banks to clean their balance sheets, the magnitude of mess has begun to surface. As per the data collated by Capitaline, the listed banks' NPAs have surged by Rs 1 trillion in the quarter ended December 2015. This is a 29% growth in bad assets on a sequential basis. Banks are now recognizing troubled assets that were earlier being window dressed and provisions are being made accordingly. This has taken a toll on the December quarter profits . .. And the valuations of these banks. While this is going to be a tough time for banks, we believe that this is a necessary step to discipline the banking sector and segregate the banks that are fit to be the pillars to the Indian economy in the long run. Astrologically mars transits in scorpio
- Rahu and Jupiter will be in Leo and Saturn and Mars in Scorpio
- Both combos are in fixed signs and quadrant to each other
- One combo is in Fire element and other combo in Watery element
These combinations of planets will bring changes to all the signs. In day-to-day effect, major changes will come in society. As Jupiter is completely afflicted, some unexpected changes will come.
Get ready for a big move in equity and commodity markets
Take advance position and make big wealth
08420606843 - ( whatsapp)
