IRCTC Share Plunges more than 25% from Today's High

 So All holding IRCTC have come to ground reality. We were constantly telling not to buy the stick as it has already moved very high.

Even after today's fall we reiterate our call as not to buy.

Govt. to Infuse INR 20,000 Crores in Public Sector Banks

 Good news for the India's Public Sector Banks which are already struggling due to series of bad loans and reduction of market share , the govt will infuse Rs. 20.000 Cores in all the Public Sector Bank. 

The amount to individual banks will depend upon their requirement and other regulatory norms of exchange listing. The important thing here to look is that banks be it be private or public sector all of them are grappling with older and newer NPA which have started to mount due to Covid 19 Pandemic and extended lockdown due to which the business activities are yet to start with full capacity.

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Should I buy the shares of Listed Public Sector Banks ?

As a regular reader of our blog we have been constantly receiving queries and suggestions that on each news if it is related to listed stock companies we should give our analysis on buying or selling of that company or sector shares.

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So our analysis shows that your should not jump on to buy the shares of Public sector banks by just reading the above news or upon recommendation on the main stream business news channels or business newspaper or brokers. All of them are here to sell the stories to earn the quick bucks for TRP or subscription. 

We would suggest that one should better wait the opportnities to buy these PSB stocks only after they correct to 10-20% from the present levels which is very likely to happen when broader market corrects in coming days.

Your Comments & Suggestions are welcome in comments section,

Major Upcoming events for week 7th September 2015 to 13th September 2015

Following are the major events on which all the traders and investors have to keep eye on which is schedules next week from 7th September 2015.

As the market are hitting 1 year low and there is pressure from global market across globe be it be Asia or Europe or the giant USA stock markets.

It seems that the Fed decision shall be a key constituents which will drive the Indian stock market in either direction in terms of 5% or more this week.

MAJOR MARKET EVENTS FOR THE NEXT WEEK

• 7 SEP   UK RETAIL SALES , JAPAN GDP , CHINA TRADE BAL
• 8 SEP   EUROZONE GDP, CHINA CPI
• 9 SEP   UK MANUFACTURING , CHINA PPI
• 10 SEP  UK ITREST RATE, UK QE, CRUDE OIL USA
• 11 SEP  INDIA IIP, RUSSIA INTREST RATE