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
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
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