| The government on Saturday said State Bank of India has suffered a loss of only Rs 1 crore in the overseas credit derivatives market even as private lender ICICI Bank has reported a loss of over Rs 1,000 crore. |
| “SBI has suffered a mark-to-market loss of Rs 1 crore because of exposure to overseas credit derivatives and investments,” Minister of State for Finance Pawan Bansal told reporters here. |
| Bansal claimed that the bank did not suffer any actual loss. “It is just a notional loss which arose after the exposure to overseas credit derivatives,” he said. |
| Other Indian banks which have reported losses due to exposure to overseas credit derivatives include Bank of India and Bank of Baroda. |
Short Term trading is about trading in the direction of the market trend. Put simply: Buy when the main trend is UP and Sell when the trend is Down. This is based on technical analysis. A basic moving average on a time frame chart will show the direction of the securities movement. This is not rocket science; it's basic visual realization.
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective. - Warren Buffet
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