ITC is ready to foray into electronic cigarettes business

The 50-share Nifty index is expected to open flat on Thursday following muted trend seen in other Asian markets, ahead of July F&O expiry due later today. Stocks in news are Maruti Suzuki, ICICI Bank, Dhanuka Agritech, NTPC, GAIL, ITC, HCC, INOX Leisure, Sesa Sterlite, Unitech, Sun Pharma , Ranbaxy, Talwalkars, Monsanto India, EID Parry and Amtek Auto.

Today’s Headlines

1) Temasek Holdings scouts for unlisted companies may focus on consumer goods, healthcare sectors.
2) ICVL buys coal mines in Mozambique for a bargain-basement price of $50 million from Rio Tinto.
3) ITC is ready to foray into electronic cigarettes business.
4) Hindustan Construction Company planning to raise around Rs 2,000 crore to repay debt.

Debt Market Key Headlines

1) India is opening its short-term debt market to foreign investors, but liberalization will be "in a measured way" to avoid causing volatility, central bank governor Raghuram Rajan said on Thursday.
2) Morgan Stanley expects the size of the Indian USD/G3 bond market to nearly triple in size and reach $160 billion by 2018 driven by non-financials.

Read detail analysis report here: - http://www.rrfinance.com/Reserch/ResearchHome.aspx

Piramal Enterprises gets a partner in Holland's !

The 50-share Nifty index is expected to open lower on Wednesday following muted trend seen in SGX Nifty. However, investors will keep a close eye on two index heavyweights L&T and ITC which are likely to dictate trend for the index post their quarterly results. Stocks in news are L&T, ITC, Bharti Airtel, IDFC, Lanco Industries, Prism Cements, Ranbaxy, Tata Steel, Adani Group, Future Retail, Aurobindo Pharma, BHEL, Praj Industries and Spice Jet.

Today’s Headlines

1) Shedding niche image, Honda starts work on small car and compact SUV.
2) Hero MotoCorp to roll out 3 models in quick succession & unveil an ad blitz aimed at the young-at-heart.
3) Piramal Enterprises gets a partner in Holland's APG for $1 billion infrastructure joint venture.
4) US-based WL Ross & Co to invest in India’s textile business.

Asia to Get Most 2014 Middle East Fuel, Ship Hirings Show!

1) Zinc Falls Most in Six Weeks Amid Speculation Gain Was Excessive.
2) Coal Miners Clash with Ski Operators over EPA’s Coal Rule.
3) China Takes on Hitachi as Rare Earth Patent Ends.
4) Stolen India Coal Sold at Black Market in Modi’s Backyard.
5) Asia to Get Most 2014 Middle East Fuel, Ship Hirings Show.
6) Cliffs Activist Investor Casablanca Wins Proxy Fight.
7) U.S. Steel Jumps After Forecasting Improvement.
8) WTI Hits Two-Week Low on Concern Plant Fire to Cut Demand

Read detail analysis report here: - http://www.rrfinance.com/Reserch/ResearchHome.aspx

A gauge of the dollar rose to the highest level in a month!

1) A gauge of the dollar rose to the highest level in a month as demand for durable goods in the U.S. increased more than forecast in June, adding to signs the economy is gathering momentum.

2) India’s rupee completed a weekly gain on optimism the nation will attract more capital as limits on inward investment in government debt and the insurance business are relaxed.

3) West Texas Intermediate headed for the third weekly decline this month amid speculation that rising U.S. gasoline stockpiles signal reduced demand in the world’s biggest oil consumer. Brent was steady in London.

Gold Extends Drop as Russia to Gaza Assessed With U.S. Economy.

1) McDonald’s Supplier Recalls Meat in Expired Food Scandal.

2) Copper Holds Losses as Freeport Set to Resume Indonesia Exports.

3) McDonald’s Food Supplier OSI Recalls Shanghai Products.

4) Gold Extends Drop as Russia to Gaza Assessed With U.S. Economy.

5) China Taking on Hitachi as 17-Year-Old Rare Earth Patent Lapses.

6) World’s Best Mining Debt Defies Gold Woe in a Volcano.

7) Cattle-Hog Spread Signals Relief for Record Pork Prices.

8) Central Banks in Russia to Kazakhstan Boost Gold Reserves.

Read detail analysis report here:- http://www.rrfinance.com/Reserch/ResearchHome.aspx

L&T Finance Holdings Net double at Rs 286 crore

The 50-share Nifty index is expected to open flat-to-lower on Thursday following muted trend seen in SGX Nifty.  Tracking the momentum, the index is expected to retest its crucial psychological level of 7800 in trade today. Stocks in news are Wipro, BIocon, Ambuja Cements, J Kumar Infra, Cairn, ONGC, RIL, GMR Infra, MRF, Strides Arcolab, Magma Fincorp and GIC Housing Finance.

Today’s Headlines

1) Honda to make India export hub for manual gears.
2) L&T Finance Holdings Net double at Rs 286 crore.
3) Gas row: Oil & Natural Gas Corporation and Reliance Industries pick independent agency.
4) Gas pricing uncertainty stops GSPC from starting production.
5) Telangana government to set up Pharma City near Hyderabad.

Read detail analysis report here:- http://www.rrfinance.com/reserch/MorningBell/Eq_MorningBell.pdf

Why Settle for Just One..! Get Both:Tax Saving + Growth Potential (Invest in ELSS Funds)

Equity Linked Saving Scheme (ELSS) is a type of diversified Equity Mutual Fund which is qualified for tax exemption under section 80C of income tax Act, and offers the twin advantage of capital appreciation and tax benefits

Advantages of ELSS over other tax saving instrument

ELSS exploits the potential of equities
    
ELSS funds invest a large part of the fund (usually 65-100%) in equity. With the Indian economy possessing strong fundamentals and corporate earnings showing strong growth potential, equities as an asset class look set to provide attractive returns
   
Lowest Lock-in period

While the maturity period of other tax saving instruments like NSC is 6 years and PPF is 15 years, ELSS has the shortest lock-in period of all the tax saving instruments under Section 80C. Your investment is LOCKED for a period of 3 years. i.e., once invested in an ELSS scheme, your money cannot be taken out for 3 years. But this is a blessing in disguise, because ELSS schemes generally yield healthy returns during a 3-year period.
   
Dividend payout

An investor can opt for a dividend option and get a part of the investment back during the lock-in period itself, by way of dividend payout
   
SIP option
    
The best way to invest in ELSS is perhaps via Systematic Investment Plan (SIP). With SIP, you can invest a small amount every month for a specific time period. In SIP, the investor can take advantage of fluctuations in the stock market and get the benefit of averaging. So the investor will get more units when the market is down and get fewer units when the market is up

For e.g. If you are investing Rs. 1000 every month, you will get 100 units when the Net Asset Value (NAV) is 10 and will get 50 units when the NAV is 20. So investing a fixed sum regularly helps to cover the market fluctuations through ‘rupee costs averaging
   
Tax benefits - no tax on capital gains and dividends
    
The profits on the sale of ELSS units are treated as long-term capital gains (assuming that the units are sold after the completion of a 3-year lock-in period), and as per current tax laws, these are not subject to tax. Also, there is no dividend distribution tax on equity investments and dividends earned are tax free in the hands of the investor.

Source by:- http://rrfinancialconsultants.wordpress.com/2014/07/19/why-settle-for-just-one-get-both-tax-saving-growth-potential-invest-in-elss-funds/

USFDA gives nod to Indoco Remedies facilities in Goa!

The 50-share Nifty index is expected to open higher on Tuesday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7700 in trade today. Stocks in news are Idea Cellular, Exide Indu, Hindustan Zinc, Thermax, Axis Bank, Tata Power, Adani Power, Reliance Ind, Alstom T&D, Maruti Suzuki, Texmaco Rail & Engineering, GAIL, DLF and ROLTA.

Today’s Equity Headlines

1) Porsche launches much awaited compact SUV Macan in India at Rs 1 crore to Rs 1.1 crore.

2) Financial Technologies India Ltd to sell 24.89% stake in IEX, appoints Axis Capital to look for a buyer.

3) Adani, Tata to charge higher tariffs, claim arrears from state utilities.

4) USFDA gives nod to Indoco Remedies facilities in Goa.

5) Domestic auto parts companies' FY14 turnover falls as Chinese imports play spoilsport.

Currency Market Headlines

1) The pound was about 0.6 percent from a five-year high versus the dollar amid bets a cooling housing market will not be enough to prevent the Bank of England from being the first major central bank to increase interest rates.

2) New Zealand’s dollar advanced the most in more than a week amid bets the nation’s central bank will raise borrowing costs this week, further increasing the highest benchmark rate in the developed world.

3) Brazil’s longer-term swap rates fell as economists lowered their 2014 growth estimate to below 1 percent for the first time, adding to speculation policy makers will limit further increases in borrowing costs.

Read detail analysis report here:- http://www.rrfinance.com/Reserch/ResearchHome.aspx

Adani, Tata to charge higher tariffs!

The 50-share Nifty index is expected to open higher on Tuesday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7700 in trade today. Stocks in news are Idea Cellular, Exide Indu, Hindustan Zinc, Thermax, Axis Bank, Tata Power, Adani Power, Reliance Ind, Alstom T&D, Maruti Suzuki, Texmaco Rail & Engineering, GAIL, DLF and ROLTA.



 

 Today’s Headlines

1) Porsche launches much awaited compact SUV Macan in India at Rs 1 crore to Rs 1.1 crore.

2) Financial Technologies India Ltd to sell 24.89% stake in IEX, appoints Axis Capital to look for a buyer.

3) Adani, Tata to charge higher tariffs, claim arrears from state utilities.

4) USFDA gives nod to Indoco Remedies facilities in Goa.

5) Domestic auto parts companies' FY14 turnover falls as Chinese imports play spoilsport.

Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Eq_MorningBell.pdf

Why Settle for Just One..! Get Both : Tax Saving + Growth Potential (Invest in ELSS Funds)

Equity Linked Saving Scheme (ELSS) is a type of diversified Equity Mutual Fund which is qualified for tax exemption under section 80C of income tax Act, and offers the twin advantage of capital appreciation and tax benefits. For more information please visit:- http://www.rrfinance.com/Maillers/elss_17_JULY_14.html

Expectations for swings in India’s rupee declined!

Currency Market Headlines

1) Expectations for swings in India’s rupee declined to a three-year low as stocks rallied after a pickup in monsoon rains tempered concern inflation will accelerate.

2) The pound rose to the strongest level in 22 months against the euro as a report showing the U.K. jobless rate slid to the lowest since 2008 added to signs the economy can withstand higher interest rates.

3) New Zealand’s dollar slumped the most in seven weeks after the consumer price index increased less than economists forecast and a gauge of dairy prices dropped to the lowest level since 2012. 

Debt Market Key Headlines

1. Continuing to bet big on the reform agenda of Narendra Modi-led government, overseas investors have poured in nearly Rs 17,000 crore in the Indian markets since the beginning of the month.

2. Net investments by foreign investors in equity market stood at Rs 7,505 crore ($1.25 billion) till July 11. Net inflow for the debt market was Rs 9,286 crore ($1.55 billion), taking the total amount to Rs 16,791 crore ($2.8 billion), shows the latest data.

Read detail analysis report here:- http://www.rrfinance.com/Reserch/ResearchHome.aspx

Fortescue in Talks to Order Four More Ore Ships to Reduce Costs

Currency Key Headlines

1) India’s rupee fell for a second day amid speculation importers were buying dollars to pay bills.

2) U.S. stocks rose as Federal Reserve Chair Janet Yellen told lawmakers the central bank must press on with monetary stimulus as “significant slack” remains in labor markets and inflation is still below the Fed’s goal.

3) Global regulators published details of their plans to overhaul foreign-exchange benchmarks in response to allegations traders colluded to manipulate rates in the $5.3 trillion-a-day currency market.

Commodity Key Headlines

1) Eni’s ‘Italian Thatcher’ May Face Down Unions to Shut Refineries.

2) Corn Option Betting on 23% Gain Was Most-Traded Yesterday.

3) Fortescue in Talks to Order Four More Ore Ships to Reduce Costs.

4) California Drought Cuts Water for Farming to Record Lows.

5) Zinc Rises on Falling Stockpiles, China’s Economic Data.

6) Gold Trades below $1,300 as U.S. Dollar Strength Hurts Demand.

7) Oil Trade Dormant Since ’10 Revives as Brent Spreads Grow.

8) WTI Oil Falls Below $100 a Barrel as Supply Risks Abate.

Read detail analysis report here: - http://www.rrfinance.com/Reserch/ResearchHome.aspx

RBI bought $19 billion in forward market to contain rupee volatility!

The 50-share Nifty index is expected to open flat on Monday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological support level of 7,450 in trade today. Stocks in news are Infosys, Tata Motors, Tata Chemicals, Sun Pharma, Titan, PSU Bank, TVS Motors, IOC, BPCL and HPCL.

Today’s Headlines

1) RBI bought $19 billion in forward market to contain rupee volatility.
2) IBM Signe deal worth Rs 550 crore with microfinance firm Janalakshmi Financial Services.
3) Roadblocks in process of power generation.
4) Diesel price deregulation likely by December if global price trend stays.
5) Government revives proposal for CIL to import coal; pool with domestic produce. 
6) TVS Motor pips Bajaj Auto from third spot in local two wheeler sales.

Debt Market Key Headlines

1) Continuing to bet big on the reform agenda of Narendra Modi-led government, overseas investors have poured in nearly Rs 17,000 crore in the Indian markets since the beginning of the month.

2) Net investments by foreign investors in equity market stood at Rs 7,505 crore ($1.25 billion) till July 11. Net inflow for the debt market was Rs 9,286 crore ($1.55 billion), taking the total amount to Rs 16,791 crore ($2.8 billion), shows the latest data.

Read detail analysis report here: - http://www.rrfinance.com/Reserch/ResearchHome.aspx

TV makers happy with Budget 2014!

The 50-share Nifty index is expected to open flat on Friday following muted trend seen in other Asian markets.  Tracking the momentum, the index is expected to retest its crucial psychological level of 7,550 in trade today. Stocks in news are Infosys, COAL India, Tata Motors, Kotak Mahindra, GMR Infrastructure, IL&FS Engineering & Construction and Britannia Industries.

Today’s Headlines

1) Government rationalizes duty on all diamonds at 2.5 per cent.
2) Clean energy cess hiked to Rs100 per tonne; Coal India to pay up to Rs 5200 crore.
3) Rs 700 crore allocated for power, water sector reforms in Delhi.
4) Ban-hit Goa mining industry sees ray of hope in Budget.
5) Free drugs, diagnosis to ensure 'Health for All' priority, says govt.
6) TV makers happy with Budget 2014, see boost in domestic production.

Currency Headlines

1) India’s stocks sank to a two-week low, bonds fell and the rupee weakened as renewed concern about Europe’s banking system overshadowed Finance Minister Arun Jaitley’s plan to achieve the lowest budget deficit since 2008.

2) The euro snapped a three-day climb versus the dollar as a Portuguese bank’s missed debt payments raised concern the region’s financial stability remains vulnerable as it emerges from the sovereign-debt crisis.

3) Malaysia raised its key interest rate for the first time since May 2011 after economic growth accelerated and as the central bank seeks to curb the risk of financial imbalances. 

Read detail analysis report here:- http://www.rrfinance.com/Reserch/ResearchHome.aspx

Genesis Luxury in tie-up with G-Star RAW for India market!

The 50-share Nifty index is expected to open flat-to-higher on Thursday following muted trend seen in other Asian markets. However, the outcome of the Union Budget 2014 is likely to give further direction to market movement in trade today. Stocks in news are Bharti Airtel, JSW Steel, KFA, Indiabulls Group, Tata Teleservices, Infosys, GMR Infrastructure, Lupin and Subex.

Today’s Headlines

1) Car companies like Hyundai Motor India and others may extend good run indicates SIAM data.

2) Volkswagen Pune plant to cut on energy, water consumption.

3) Indiabulls partners Sameer Gehlaut, Saurabh Mittal and Rajiv Rattan to divide operations.

4) Genesis Luxury in tie-up with G-Star RAW for India market.

5) Lupin, Unichem Laboratories among global companies fined by European Commission. 

Currency Market Headlines

1) Expectations for swings in India’s rupee climbed to the highest this month before Prime Minister Narendra Modi’s government presents its first budget tomorrow.

2) The yen weakened against all but two of its 16 major peers. China’s yuan rose to the strongest level in three months.

3) Indonesia’s rupiah forwards jumped the most since February and dollar bonds advanced as Joko Widodo said unofficial counts at polling booths showed him winning the presidential race.

Read detail analysis report here:- http://www.rrfinance.com/Reserch/ResearchHome.aspx

World Bank to invest $775 million in clean energy!

The 50-share Nifty index is expected to open higher on Monday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to open flat, but should be able to pick momentum later in the day and surpass its previous record high of 7758 hit on 04 July. Stocks in news are ONGC, Reliance Ind, PNB, JSW Steel, GVK Power & Infrastructure, IOC, Lupin, Dena Bank, Tata Power and Indian Hotels.

Today’s Headlines

1) Honda Motorcycle & Scooter to add 1,000 customers touch points in current fiscal.
2) IndoStar Capital Finance to now focus on equities.
3) Consumer goods companies' focus on rural markets pays off.
4) Uniform gas price not on the cards: Oil minister Dharmendra Pradhan.
5) World Bank to invest $775 million in clean energy.
6) Ajay Piramal Group set to buy six road projects.
7) Coal Ministry rejects Jharkhand's plea for restoring mine allocation.

Read detail analysis report here:- http://www.rrfinance.com/reserch/MorningBell/Eq_MorningBell.pdf

NIFTY: Pre Budget Technical Analysis

TECHNICAL VIEW:

Nifty is in an uptrend and has immediate support at 7700 and resistance at 7860. A break above 7860 may take it to 261.8% Fibonacci level of 8100.

Below 7700, Nifty has very strong support at 7500.

We expect Nifty to move between 7500 – 7800 with an upward bias till budget and go further up after budget.

It may be difficult for Nifty to breach 7500 unless there is a geopolitical major negative or the budget is anti-markets.

Markets may be volatile and the levels 7500 – 7800 for the Nifty may be tested pre-budget.

We recommend investing before budget and holding existing equities.

Click here to see our other research reports:- http://www.rrfinance.com/Reserch/ResearchHome.aspx

Crude oil fell about $1

1) Crude oil fell about $1 on Wednesday on encouraging signs for supply from Libya and Iraq, notching the lowest close in almost three weeks despite a big draw in U.S. oil inventories.

2) U.S. Treasuries yields rose on Wednesday after more robust than expected private-sector jobs data ratcheted up expectations for a stronger U.S. nonfarm payrolls report on Thursday.

Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Db_MorningBell.pdf

 

Currency Headlines

1) India’s rupee retreated from a three-week high on speculation the central bank sought to curb gains and importers boosted dollar purchases.

2) Federal Reserve Chair Janet Yellen said concerns about financial stability shouldn’t prompt a change in current monetary policy while flagging “pockets of increased risk-taking” in the financial system.

3) Employers added more workers than projected in June and the unemployment rate fell to an almost six-year low of 6.1 percent, underscoring a brighter U.S. labor market that will help spur the economy.

Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf

Reliance Capital to buy a minority stake in Prime Focus!

The 50-share Nifty index is expected to open higher on Thursday tracking positive trend seen in SGX Nifty. Tracking the momentum, the index is expected to surpass its previous record high of 7,732.40 made on 2 July; however, it may witness some profit booking at higher levels. Stocks in news are United Spirits, Reliance Capital, Apollo Tyres, Hero Motocorp, TVS Motors, GMR InfraStructure, JP Associates, Tata Teleservices, JSW Energy and GAIL.

Today’s Headlines

1) Two-wheeler sales dovetail cars, increase 14 per cent in June.
2) Prime Focus to get rs 120 crore from Reliance Capital.
3) Reliance Capital to buy a minority stake in Prime Focus.
4) Ficci meets Textiles Minister Santosh Gangwar on new Textiles Policy.
5) Speedy clearance for 3,000-MW Arunachal Pradesh hydro project.
6) JSW Energy set to buy Lanco's project in top thermal deal for Rs 5,700 crore.

Read detail analysis report here:- http://www.rrfinance.com/reserch/MorningBell/Eq_MorningBell.pdf

Ashok Leyland sales rise 7% in June

The 50-share Nifty index is expected to open higher on Wednesday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7,650 and head towards 7,700 in trade today. Stocks in Tata Steel, M&m, Tata Motors, MCX, Idea, Tata Power, Ashok Leyland, IVRCL, HCC and Aban Offshore.

 Today’s Headlines

1) Car sales posted its second straight monthly gain in June as customers lapped up incentives.
2) Ashok Leyland sales rise 7% in June.
3) Cairn India's share buyback programme may fall short of its target.
4) ICVL likely to submit $200 million bid for Rio Tinto Mozambique.
5) Kenya seeks SAIL help for setting up steel plant.
6) L&T bags Rs 2,442 cr order from BSNL.
7) ICVL likely to submit $200 million bid for Rio Tinto Mozambique.

Read detail analysis report here:- http://www.rrfinance.com/reserch/MorningBell/Eq_MorningBell.pdf