Wednesday 30 July 2014

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

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