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Takeaways from trade data
The overall goods import figure for July 2019 was lower by 10.4 percent from a year ago, a large part of the fall was in petroleum imports. Imports of non-oil, non-bullion goods fell much less, at 3.5 percent from a year ago. Nevertheless, the fact remains that non-oil, non-gold and silver imports have been contracting every month from January 2019. It’s yet another indicator of the slowdown in domestic demand. On the other hand, is there scope for exports to grow given the intensifying US-China trade war. Click here to read more.
Aavas Financiers: What should investors do?
Housing finance companies (HFCs) are going through tumultuous times following the liquidity crisis that engulfed the non-bank finance company sector since September 2018. Stock prices nosedived, and investors shunned HFC stocks. However, the challenging environment turned out to be a good litmus test of overall quality for HFCs and helped in separating the wheat from the chaff. Click here to read what our research team thinks of Aavas Financiers.
Picks from our technical analysts
BPCL: The oil company’s price has rebounded from its major support and formed a rounding bottom type of a pattern. What does this indicate? Click here to know how to trade this stock.
Dhampur Sugar: The stock price has risen with good volumes on news of the government subsidizing sugar exports. Click here to know how to trade this stock.
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Updated Date: Aug 16, 2019 11:23:21 IST