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
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
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