MOSL: Morning India (30/March/20): 1. Financials (RBI announces monetary stimulus to boost economy); 2. Automobiles; 3. Thermax; 4. Fortis; 5. Expert Speak (a. Economy; b. Agri; c. Agrochemicals)
MOrning India (30/March/20): 1. Financials (RBI announces monetary stimulus to boost economy); 2. Automobiles; 3. Thermax; 4. Fortis; 5. Expert Speak (a. Economy; b. Agri; c. Agrochemicals)
Today’s top research idea
Financials: RBI announces monetary stimulus to boost economy; Steps to infuse INR3.74t; Forbearances to aid asset quality/credit flow
- The Reserve Bank of India joined the Central Government in providing relief to the economy battered by the Covid-19 Pandemic. After earlier announcements by FM on various welfare and relief measures, the RBI also unleashed a series of steps to soften interest rates, improve liquidity and offer some immediate relief to borrowers.
- The announcement includes reducing the policy rate by 75bp, providing liquidity in the system and allowing moratorium of term loans for three months to support the affected sections and increase credit flow in the economy. Further, steps have also been taken to iron out issues in the bond markets.
- RBI's actions are better than expected and should improve sentiments in the Bond markets and in the BFSI segment. These steps combined with potential fiscal stimulus package could mitigate the hardships faced by the economy in lockdown and alleviate the stress as and when lockdown is lifted.
Piping hot news
US crude oil price falls below $20
US crude oil prices fell below $20 a barrel shortly after trading reopened on Sunday, close to their lowest level in 18 years, as traders bet production would have to shut to cope with the collapse in demand from the coronavirus pandemic. The US benchmark, known as West Texas Intermediate or WTI, hit a low of $19.92 a barrel, losing more than 6 per cent. Brent, the international benchmark, lost 6 per cent to hit a low of $23.03 a barrel, the lowest since 2002. Please use the sharing tools found via the share button at the top or side of articles. Oil prices have fallen by more than half in the past month as widespread lockdowns in Europe and North America have slashed oil demand, with analysts forecasting as much as a quarter of normal global consumption could be lost
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.