THE FEAR OF FED TAPERING
WHAT & WHEN WILL IT HAPPEN?
One of the most important things that happened this month in August was the US Fed deciding that they must taper the quantitative easing or stimulus that they have been pushing out into the market, much more since the Covid 19 outbreak in 2020. This has raised concerns that the easy money tap from FIIs would now start to shut down as the stimulus is tapered or cut back.
While this is true that India has seen much more investment from FIIs than any other developing nation, it is also clear that DIIs are also getting into the act. It is also acting as a catalyst for retail investors to stand up and take advantage of the growth in the Indian markets. And the truth of the matter is that India is a much more valuable market with earnings potential higher than the other options available to the FIIs. So, while we will see some withdrawal of funds, we anticipate the earnings potential to convince more domestic retail investment in the market negating the withdrawals.
THE ROUNDUP:
NSE bans members from selling Digital Gold after SEBI flags concerns.
There is a digital gold product of MMTC-PAMP. This entity safekeeps the gold on behalf of clients and clients can buy, redeem and sell back the gold to MMTC PAMP. Few of the brokers are used to distribute this digital gold however, the respective “digital gold” does not fall under definition of 'security' as per Security Contracts Regulation Rules (SCRR 1957). Hence, SEBI informed about this to NSE recently and consequently, NSE asked its brokers to discontinue the distribution of digital gold from 10th Sept-2021 onwards.
Masked Aadhaar
Making it safer
for you
The Unique Identification Authority of India (UIDAI) has a feature called 'Masked Aadhaar' in which the 12-digit Aadhaar number will be partially covered, to make it safer. This feature will be beneficial in such cases where you do not want to share your Aadhaar number and the same can be downloaded from UIDAI's website. Masked Aadhaar can be used for e KYC where sharing Aadhaar number is not necessary. Here’s a summary of the important details you need to know about this
Earnings growth behind
the Stock Market Boom
There is a strong uptrend in Indian equities for the past 17 months. It is backed by strong corporate earnings. Some of the structural reforms i.e. reduction in Corporate Tax, GST implementation, Liberalized Agricultural Trading and many of industry specific initiatives like PLI schemes, Blending ethanol with Petrol etc. are some of the reasons. China+1 and digitalization are few of the macro tailwinds supporting the current uptrend. Our Export performance has been strong in past 17 months in sectors i.e. IT, Chemicals, Pharma, Textiles, Engineering, and metals etc. Now, it is the time to understand the sustainability of earnings as well as likely headwinds / tailwinds going forward.
Roots of Economic recovery deepen in July as Covid restrictions ease: ICRA
According to the report released by ICRA, Eight of the fifteen high frequency indicators (GST e-Way bills, fuel consumption, electricity generation, Output of Coal India Ltd, vehicle registration, domestic passenger traffic etc.) recorded improvement in their year-on-year growth in July 2021. Moreover, 10 of the 13 indicators also recorded a month-on-month growth in July 2021. It is evident that the stimulus received by the economy has helped.
All about the new RBI guidelines on ‘Safe Deposit Lockers’ in Banks
RBI recently issued revised instructions to banks pertaining to “Safe deposit lockers” in continuation to the honourable Supreme court’s direction in Feb, 2021. This new set of instructions supersede RBI’s year 2007 instructions. It emphasises the safety aspect of locker i.e., it specifies the installation of CCTV & Access control system & preservation of data for 180 days for stronger security, it specifies that banks should send intimation to customer’s mail id & mobile number about accessing of respective lockers, speedy settlement of claim in case of customer’s death etc.
Performance of Commodities,
Currencies and Equity Indices
- AS ON 15 AUGUST 2021 -
THE FEAR OF FED TAPERING
WHAT & WHEN WILL IT HAPPEN?
One of the most important things that happened this month in August was the US Fed deciding that they must taper the quantitative easing or stimulus that they have been pushing out into the market, much more since the Covid 19 outbreak in 2020. This has raised concerns that the easy money tap from FIIs would now start to shut down as the stimulus is tapered or cut back.
While this is true that India has seen much more investment from FIIs than any other developing nation, it is also clear that DIIs are also getting into the act. It is also acting as a catalyst for retail investors to stand up and take advantage of the growth in the Indian markets. And the truth of the matter is that India is a much more valuable market with earnings potential higher than the other options available to the FIIs. So, while we will see some withdrawal of funds, we anticipate the earnings potential to convince more domestic retail investment in the market negating the withdrawals.
THE ROUNDUP:
NSE bans members from selling Digital Gold after SEBI flags concerns.
There is a digital gold product of MMTC-PAMP. This entity safekeeps the gold on behalf of clients and clients can buy, redeem and sell back the gold to MMTC PAMP. Few of the brokers are used to distribute this digital gold however, the respective “digital gold” does not fall under definition of 'security' as per Security Contracts Regulation Rules (SCRR 1957). Hence, SEBI informed about this to NSE recently and consequently, NSE asked its brokers to discontinue the distribution of digital gold from 10th Sept-2021 onwards.
Masked Aadhaar
Making it safer
for you
The Unique Identification Authority of India (UIDAI) has a feature called 'Masked Aadhaar' in which the 12-digit Aadhaar number will be partially covered, to make it safer. This feature will be beneficial in such cases where you do not want to share your Aadhaar number and the same can be downloaded from UIDAI's website. Masked Aadhaar can be used for e KYC where sharing Aadhaar number is not necessary. Here’s a summary of the important details you need to know about this
Earnings growth behind the Stock Market Boom
There is a strong uptrend in Indian equities for the past 17 months. It is backed by strong corporate earnings. Some of the structural reforms i.e. reduction in Corporate Tax, GST implementation, Liberalized Agricultural Trading and many of industry specific initiatives like PLI schemes, Blending ethanol with Petrol etc. are some of the reasons. China+1 and digitalization are few of the macro tailwinds supporting the current uptrend. Our Export performance has been strong in past 17 months in sectors i.e. IT, Chemicals, Pharma, Textiles, Engineering, and metals etc. Now, it is the time to understand the sustainability of earnings as well as likely headwinds / tailwinds going forward.
Roots of Economic recovery deepen in July as Covid restrictions ease: ICRA
According to the report released by ICRA, Eight of the fifteen high frequency indicators (GST e-Way bills, fuel consumption, electricity generation, Output of Coal India Ltd, vehicle registration, domestic passenger traffic etc.) recorded improvement in their year-on-year growth in July 2021. Moreover, 10 of the 13 indicators also recorded a month-on-month growth in July 2021. It is evident that the stimulus received by the economy has helped.
All about the new RBI guidelines on ‘Safe Deposit Lockers’ in Banks
RBI recently issued revised instructions to banks pertaining to “Safe deposit lockers” in continuation to the honourable Supreme court’s direction in Feb, 2021. This new set of instructions supersede RBI’s year 2007 instructions. It emphasises the safety aspect of locker i.e., it specifies the installation of CCTV & Access control system & preservation of data for 180 days for stronger security, it specifies that banks should send intimation to customer’s mail id & mobile number about accessing of respective lockers, speedy settlement of claim in case of customer’s death etc.
Performance of Commodities,
Currencies and Equity Indices
- AS ON 15 AUGUST 2021 -
