Wednesday 9 July 2014

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

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