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#Assemblypolls18 Guys whats your prediction on Rajasthan, MP and Chattisgarh election.
My prediction.. I believe best case 3 out of 3 BJP worst case 2 out of 3.. Markets will go 500 plus points up on 11th Dec.. Let me know your thoughts in comments
To become a crorepati in 10 years you need a normal SIP of 42K per month. However can anybody guess if I keep on increasing SIP amount by 10% every year what is the amount required to become a crorepati #sip#TopupSIPhttps://wealthtrust.in/en/sip-calculatorRead More...
Everybody might be wondering why the crash happened on Wednesday and Friday. My opinion:
- In India we have lot of NBFCs ( Non banking fin. corp), which are very important as they provide the much needed access to capital where banks dont provide
- NBFCs lend money to different type of businesses, road construction, housing companies ( real estate), small businesses, retail etc.
What happened on Wednesday:
- Supertech is a real estate developer in NCR.
- They did not pay interest on time to few banks and their rating was downgraded
- Now indiabulls housing has given 600 cr loan to supertech, which both of them claim that there is no issue on that
- Still everyone feared and indiabulls, DHFL and others led to market crash
- Yes, real estate is a sector with lot of issues, jacked up prices, low sales, rising interest rates etc.
- Avoid HFCs as more skeletons might come out but a good opportunity to buy quality div. NBFCs like Bajaj fin.