Indian financial stocks and real estate stocks

M

m22au

"Shadow Banker in India Misses Three Debt Payments Due Friday"
https://www.bloomberg.com/news/arti...n-india-misses-three-debt-payments-due-friday

"India's NPL Crisis Erupts: A Major Shadow Bank Defaults On Three Debt Payments"
https://www.zerohedge.com/news/2018-09-22/tic-tac-toe-indias-npl-crisis-about-blow

"India Stock Market Rocked by Sudden Plunge in Financial Shares"
https://www.bloomberg.com/news/arti...tocks-gain-as-investors-review-profit-outlook

"Indian stocks tumble as Yes Bank leads decline"
https://www.ft.com/content/21dacacc-bd7e-11e8-94b2-17176fbf93f5

Yes Bank Limited
NSE: YESBANK
225.15 INR −94.05 (29.46%)

Dewan Housing Finance Corporation Ltd.
NSE: DHFL
337.00 INR −273.55 (44.80%)

https://finance.yahoo.com/quotes/DHFL.NS,YESBANK.NS/view/v1


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The drop was totally out of the blue.
In fact, 3 weeks ago, Indian stock market hit the record high.

wonder what is the repercussion to other countries banks.
 
Last edited:
maxinger said:
The drop was totally out of the blue.
In fact, 3 weeks ago, Indian stock market hit the record high..
More...

Yes it is quite unusual. These are the types of declines that you would usually see at the end of a move (eg. March 2009) rather than the start.

However given the massive one-day declines, I'm interested to see how things play out in the coming week.

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m22au said:
Yes it is quite unusual. These are the types of declines that you would usually see at the end of a move (eg. March 2009) rather than the start.

However given the massive one-day declines, I'm interested to see how things play out in the coming week.

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More...

Most likely over next few days, India CNX Nifty should still be very good for day trading. Day range will probably shrink day by day.
 
m22au said:
I'm not sure yet!

At the very least there is possible spillover into the USDINR, which I do have access to.

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More...

Some of the Indian companies may be double/ triple listed in India, LSE & NYSE/ Nasdaq etc....
 
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