Friday, 7 June 2019

UTI MF writes off large DHFL exposure | 1-day default rule gone | L&T open offer for Mindtree on June 17

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DAILY BRIEF

Fri, Jun 07, 2019

#ValueInvestor#SmallcapHunters#Paathshala#ExpertView#Podcast
TOP OF THE DAY
RBI issues new circular on stressed assets, drops 1-day default norm
New norms give complete discretion to lenders with regard to design of resolution plans.
UTI Mutual Fund fully writes off Rs 1,235 crore DHFL exposure
Tech View: Nifty50 forms a Doji, signals indecisiveness in market
L&T says Mindtree open offer to begin on June 17
Kacholia's latest pick is from chem space, & it's showing prospects
India surely needs a mega bailout, and here's how it may look like
188 stocks hit 52-week lows; RInfra, DHFL, MFL big losers

Top Gainers

NSE
3 companies (largecap) appreciated more than 3%
Voltas 4.88%
Alkem Laboratories Ltd. 3.25%
More from Gainers

Top Losers

NSE
2 companies (largecap) price decreased more than -3%
Bandhan Bank Ltd. -3.93%
IGL -3.63%
More from Losers

52 Week High

NSE
19 companies touched new 52-week high today
Kesar Enterpr 9.92%
Eimco Elecon 9.81%
More from 52 Week High
AdvertorialNegotiation strategies for women for a higher salary
AdvertorialUnderstanding the perks and woes of business travel
F&O: Nifty positions suggest big tug of war between bulls & bears
Nifty has to hold above 11,888 to get some stability and move towards 12,000–12,041 zone.
DHFL after effect: Banks, MFs unsettled; NBFCs untouchable
Nippon Life makes open offer to acquire 22.49% stake in RNAM
Stress on DHFL highlights funding risk in NBFCs: Fitch
RECOMMENDATIONS
Heidelberg Cement India Ltd. Buy
Manappuram Finance Ltd. Buy
Praj Industries Ltd. Hold
GAIL (India) Ltd. Hold
Coal India Ltd. Buy
Blackstone money awaited to avert shadow lender default
Timely repayment by Dewan Housing will help allay wariness in the nation's credit markets.
In Pics: What you didn't notice in RBI policy
Can Nippon takeover of RNAM be a win-win deal for investors?
Avoid NBFCs, stick to these 3 banks: Yogesh Mehta, MOFSL
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