Whalesbook
Geopolitics Ne Oil Ko Bhaga Diya!
Dekho, US aur Iran ke beech tensions fir se badh gayen hain. America Iran se peace deal ka jawab ka wait kar raha hai, aur Iran ne Strait of Hormuz ko lekar jo kaha hai woh US ko pasand nahi aaya. Is sab gadbad mein, Brent crude ka price $101.73 per barrel ke aas paas pahunch gaya. Pichle ek mahine mein yeh 6% badha hai aur saal bhar mein toh 59% ka jump hai! Jab bhi Middle East mein tension badhti hai, oil prices aise hi bhagte hain.
SBI Ke Results Ne Kiya Disappoint
Ab baat karte hain India ke sabse bade bank, SBI ki. Inka March quarter ka result aaya hai aur bhai, mixed raha. Poore saal ka profit record bana, lekin Q4 mein core income expectation se kam thi aur 'slippages' (matlab jo loans default hone ka risk hai) bhi kaafi badh gaye. Is wajah se bank ka share Friday ko 7% tak gir gaya. Is selling pressure ne Sensex aur Nifty ko bhi thoda neeche khinch liya, haalanki week ke end mein Nifty 1% upar band hua.
Banking Sector Mein Pressure?
SBI ki performance se banking sector par kuch sawaal uth rahe hain. Haalanki banks ke Gross NPAs 13-saal ke low par hain, par profit margins tight ho rahe hain. Operating costs bhi badh rahe hain aur unsecured loans mein stress dikh raha hai. HDFC Bank ne bhi profit 9.11% badhaya, par unka Net Interest Income market ki ummeed se kam raha. ICICI Bank aur Axis Bank ke shares bhi Friday ko gire.
IPO Ke Liye Nayi Ummeed!
Market mein yeh sab chal raha hai, par primary market ekdum mast hai! SEBI ne 6 companies ke IPO plans ko approve kar diya hai. Isme quick commerce unicorn Zepto bhi hai, aur auto parts banane wali company Dhoot Transmission bhi. Zepto ka IPO $1 billion ka ho sakta hai aur Dhoot Transmission $250 million raise karegi. Iske alawa Hotel Polo Towers, Crystal Crop Protection, Surgiwear, aur Horizon Industrial Parks ke bhi IPOs aane wale hain.
Aage Kya Dekhna Hai?
SBI ke share ka girna aur slippages ka badhna thoda worry wala hai, khas kar unsecured loans ko lekar. Geopolitical tensions aur high oil prices India ki economy aur companies ke liye pressure bana sakte hain. IPO market mein activity achhi hai, lekin Zepto jaise new-age tech companies ke valuations ko market sentiment se girne ka risk reh sakta hai.