Lava plans to offload 20% to raise up to Rs 300 crore

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 surpass its previous record high of 7968.25 in trade today. Stocks in news are BPCL, IOC, HPCL, CEAT, NTPC, Alstom India, Adani Enterprises, ONGC, Dewan Housing Finance, Wockhardt, Maruti Suzuki, Sugar Companies, Hindalco & JSPL and Bharti Airtel.

Today’s Headlines
1) Ford investing in virtual labs to churn out cars faster than ever.

2) Mahindra and Mahindra gears up to drive its UVs, pick-up trucks into US.

3) Culture Machine raises $4 million from Zodius Capital.

4) Lava plans to offload 20% to raise up to Rs 300 crore.

5) Liquor consignments worth Rs 70 crore held up at ports ahead of festival season

6) Accounting norms may affect power companies' profits.

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

Key Headlines

1) Overseas investors have pumped in about Rs 13,000 crore in the Indian debt market so far this month, endorsing the country's growth potential and political stability. This takes the total investment in the debt market to around Rs 99,000 crore so far this year.

2) A host of foreign investors and funds will be meeting corporate leaders in India next month, the first time since the global financial crisis, signifying changing perception about the country's growth potential.

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

Commodity Market Headlines

1) Rwanda Mining-Export Income Declines on Lower Tantalum Prices.

2) Industrial Metals Fall as Chinese Manufacturing Slows.

3) Palladium Advances Toward 13-Year High as Gold Little Changed.

4) Speculators Turn More Bullish on Oil Before Labor Day.

5) India Blackouts Widen as Coal Stocks Drop at Power Plants.

6) Aluminum Warehousing Antitrust Suits Dismissed by Judge.

7) Cameco to Shut Down Top Uranium Mine After Talks With Union Fail.

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

Currency Headlines

1) The euro slid for a seventh-week, the longest stretch in more than a decade, as a report showed gains in consumer prices in the region slowed this month. The 18-nation currency fell to an almost one-year low versus the dollar as Goldman Sachs Group Inc. cut its outlook for the euro. European Central Bank officials meet Sept. 4 after ECB President Mario Draghi said Aug. 22 that inflation expectations in the region have fallen, fueling bets officials will add to monetary stimulus.

2) Brazil’s swap rates declined to a one-month low as Latin America’s biggest economy slipped into a recession, adding to speculation that the central bank will limit further increases in borrowing costs. Swap rates on the contracts maturing in January 2017 dropped by six basis points, or 0.06 percentage point, to 11.20 percent in Sao Paulo and declined 29 basis points in August.

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

Mutual Fund Recommendations!

EQUITIES:

Following major events are expected to have positive impact on markets –

a. India’s economy expanded 5.7% in June Qtr, its fastest pace in more than two years and it was higher than the consensus figure of 5.4%.
b. PM is on a five day visit to Japan and some big announcements can be expected during this period that would be positive for the markets
c. Supreme court is going to decide on fate of companies who were allocated coal blocks on 1st September and a favorable decision would cause a strong comeback rally in stocks of these companies

The major highlights of GDP data that came on Friday are given below –

• Manufacturing, agriculture, and construction sectors have picked up growth, all are key sectors for economy and employment
• Capital formation increased by 7% against 2.8% contraction same qtr last year, an important sign of investment recovery
• Private consumption rose by 5.6% indicating pickup in demand and better consumer sentiment 
• With exports registering a growth of 11.5% along with the measures taken by the government the economy can be expected to show further improvement in the remaining part of the year
• Investment in industry is expected to increase further over next few quarters as government is speeding up starting of stalled projects and supply constraints are coming down. Action on land and labor reforms will be additional boosters. Government’s focus on promoting a single-window clearance for projects and emphasis on ‘ease of doing business’ will also promote investments.

In order to convert this first sign of revival in Indian economy, the government should continue its reform agenda which would restart the investment cycle and revive economy.

Global concerns have not seen any further deterioration. Our views remain the same and we recommend to stay invested in equities.

• Nifty has come out of the range of 7550-7850. It may cross 8000 if it remains above 7850. (See today’s Special Report for details)

Midcap and infrastructure funds are still available at attractive valuations offering a good investing opportunity for long-term investors.

STRATEGY:

• New investors should invest in good schemes at dips and existing investors should hold. Many small caps and infra funds have fallen sharply and some still offer good opportunity to buy at low.

DEBT

We hold our view that bond markets and long tenor debt will perform well in the long run. 

• There are several positive factors as mentioned in the beginning.
• Inflation in long run is expected to come down.
• Long term funds will rise in value when interest rates fall in long run. Improving economy will attract more FII investments in bonds, raising their demand and prices.

STRATEGY:

• We recommend again that depending upon risk profile of investor – invest in longer maturity debt funds for better returns

GOLD

Even after a spate of global negative news, gold price has failed to break above 28800. In long run gold is in bearish trend and one should not expect any significant real return (returns above the inflation) from it. Only if gold closes above 28800 decisively, we would review our view on Gold.

We hold our earlier view on gold and recommend switch from gold and gold ETF to equity as current scenario offers a good opportunity to exit at higher prices.

Resource:- https://www.linkedin.com/today/post/article/20140830113831-247646391-mutual-fund-recommendations

Polaris Industries launches new bike Indian Scout

The 50-share Nifty index is expected to open higher on Thursday following positive trend seen in other Asian markets ahead of August F&O expiry. Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7950 in trade today. Stocks in news are SUN TV, ONGC, CIL, NHPC, DLF, Piramal enterprises, FT, MCX, ITD Cementation, Jet Airways, Spice Jet, NTPC, Maruti Suzuki, UPL and Central Bank.

Today’s Headlines

1. Polaris Industries launches new bike Indian Scout.
2. Maruti Suzuki to challenge CCI penalty says order lacks understanding.
3. ASK Pravi Capital acquires Gateforum, eyes more buyouts in test preparation industry.
4. US hamburger chain Wendy's to make India debut in 2015, ties up with Sierra Nevada.
5. Philips to locally manufacture 80% domestic appliances by 2015.

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

Key Headlines

1. Overseas investors have pumped in about Rs 13,000 crore in the Indian debt market so far this month, endorsing the country's growth potential and political stability. This takes the total investment in the debt market to around Rs 99,000 crore so far this year.
2. A host of foreign investors and funds will be meeting corporate leaders in India next month, the first time since the global financial crisis, signifying changing perception about the country's growth potential.

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

Commodity Market Headlines

1. Cotton Seen at 2009 Low by Gap’s Indian Partner on China.
2. Gold-Price Indicator Fading as ETPs Tumble by $71 Billion.
3. Canadian Ports Win as Ships Avoid U.S. on Labor Concern.
4. Fonterra’s Spierings Sees Dairy Prices Rising on Chinese Demand.
5. Corn Extends Drop as U.S. Crop Seen Climbing to Record.
6. Gold Holds Near Two-Month Low on Waning Investor Demand.
7. Gasoline Drops as U.S. Demand Seen Slipping; WTI Steady.
8. Tyson to Sell Hog-Trading Unit in Hillshire Merger Accord.

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

Currency Market Headlines

1. The euro rose from its lowest in almost a year after Germany’s finance minister said comments by European Central Bank President Mario Draghi advocating support for euro-zone fiscal policy were “over-interpreted.”
2. Volatility in India’s rupee dropped for a fifth day as signs of easing tensions in Ukraine and the Middle East bolstered confidence in emerging-market assets.
3. South Korea’s won climbed to the strongest level in seven weeks as gains in global equities supported demand for emerging-market assets.

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

TVS to launch two new commuter motorcycles!

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 7,950 levels. Stocks in news are SAIL, ONGC, M&M, Tata Motors, SBI, RIL, TVS Motors, Bajaj Auto, PFC, REC, Venus Remedies, Jindal Saw, GMR Infra and UCO Bank.

Today’s Headlines

1) TVS to launch two new commuter motorcycles.
2) Hero MotoCorp aims to sell 12 million units by 2020.
3) Global private equity funds eye CMS buyout as Blackstone plans bumper exit.
4) Milestone Cap Advisors sells Bhiwandi Logistics Park for Rs 150 crore.
5) Special safety measures for online purchases of jewellery.
6) Cairn India's Rajasthan oil block plan hits ONGC hurdle.

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

Debt Market Key Headlines

1) Overseas investors have pumped in about Rs 13,000 crore in the Indian debt market so far this month, endorsing the country's growth potential and political stability. This takes the total investment in the debt market to around Rs 99,000 crore so far this year.

2) A host of foreign investors and funds will be meeting corporate leaders in India next month, the first time since the global financial crisis, signifying changing perception about the country's growth potential.

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

Commodity Key Headlines

1) Gold Shines Most in September on Seasonal Buys: Chart of the Day.
2) Barrick Gold Corporate Development Head McCreary to Leave.
3) KKR to Buy China Chicken Producer Stake for $400 Million.
4) Sanderson Profit Disappoints After Poultry Forecast Miss.
5) WTI Gains on Positive U.S. Economy Data, Supply Outlook.
6) Soybeans Slump to Lowest Price since 2010 on U.S. Harvest.
7) Sanderson May Build North Carolina Plant for $110 Million.
8) Aluminum Advances to 18-Month High on U.S. Demand Signs.

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

Currency Market Headlines

1) The yen strengthened versus most of its major counterparts as investors sought haven assets before the presidents of Russia and Ukraine meet today. The euro touched an 11-month low against the dollar.
2) Volatility in India’s rupee fell to a three-week low as foreign investors bought local assets amid optimism growth in Asia’s third-largest economy is reviving.
3) The pound approached its weakest in five months versus the dollar, too little too late for U.K. companies with large foreign sales that are blaming sterling’s earlier rally for reduced earnings.

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

RBI may allow NBFCs to lend against all categories of shares!

The 50-share Nifty index is expected to open higher on Monday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological level 7,900 in trade today. Stocks in news are ONGC, OIL, Reliance Inds, Jet Airways, FT, GAIL, TCS, ITC, Jindal Steel and Asian Paints.

Today’s Headlines

1) Hero Cycles acquires 60 per cent stake in German bicycle company MIFA.
2) RBI may allow NBFCs to lend against all categories of shares.
3) Jagdishpur-Phulpur-Haldia pipeline project to spur development in Bihar.
4) Jindal Stainless Limited selected for Annual Greentech Safety Award.

Visit:- http://www.rrfinance.com/reserch/MorningBell/Eq_MorningBell.pdf

Debt Market Key Headlines

1) Overseas investors have pumped in about Rs 13,000 crore in the Indian debt market so far this month, endorsing the country's growth potential and political stability. This takes the total investment in the debt market to around Rs 99,000 crore so far this year.
2) A host of foreign investors and funds will be meeting corporate leaders in India next month, the first time since the global financial crisis, signifying changing perception about the country's growth potential.

View Report here:- http://www.rrfinance.com/reserch/MorningBell/Db_MorningBell.pdf

Commodity Key Headlines

1) Hedge Fund Crude Bets Tumble amid Surging Global Supply.
2) Kurdish Oil Shipments From Turkey Said to Resume as Tanker Loads.
3) California Quake Crumples Buildings as Scores Are Hurt.
4) Gold Drops toward Two-Month Low as Silver Slips to 10-Week Low.
5) U.S. GDP, Housing, Ukraine, Tennis, Emmys: Week Ahead Aug. 25-30.
6) Cheapest Crude since January Cuts Gas to $3.48 a Gallon.
7) Rhodium Rally Pushes Price Past Platinum, Gold: Chart of the Day.
8) Wheat Gains Most in 1 Week as Canada Crop Reduces Supply.

Find technical report here:- http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf

New RBI norms: NBFCs can now only accept top-grade shares as collateral

The 50-share Nifty index is expected to open higher on Friday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7900 in trade today. Stocks in news are United Spirtis, Ranbaxy Lab, HDFC Bank, OMCs, Wipro, Canara Bank, Jyothi Lab, CEAT, SpiceJet, GlaxoSmithKline Consumer Healthcare and United Breweries.

Today’s Headlines

1) Carzonrent to induct 120 Mercedes C Class sedans.

2) Tata Motors to set up hub-and-spoke model abroad.

3) New RBI norms: NBFCs can now only accept top-grade shares as collateral.

4) Kishore Chhabria joins fray for 50% rights of disputed brandy brand Mansion House.

5) Allied Blenders & Distillers picks up 50% ownership rights in Mansion House brandy.

6) Scanty rainfall drives up power deficit, spot power prices.

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

Debt Market Key Headlines

1) International Finance Corporation (IFC), the World Bank's private-sector financing arm on Wednesday launched bonds worth $2.5 billion in the Indian market to fund infrastructure projects and private energy and to boost energy supply over the next five years.

2) Indian firms, including some with junk rating, is finding it cheaper to raise funds in money markets of Asia where demand for bonds floated by these companies has surged. Prices of these bonds have risen in the secondary market soon after their issuance in the offshore markets.

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

Currency Market Headlines

1) The dollar gained to the strongest level since September versus the euro after U.S. policy makers raised the possibility they may raise interest rates sooner than anticipated.

2) India’s rupee fell for the first time in four days on concern the Federal Reserve will increase interest rates, reducing the flow of funds to emerging markets.

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

Tata Motors to launch two car models every year till 2020

The 50-share Nifty index is expected to open flat on Thursday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological support level of 7850-7870 in trade today. Stocks in news are Reliance Industries, Hindustan Zinc, SAIL, Tata Steel, Tata Motors, ONGC, DLF, TVS Motors, GCPL, Deepak Ferrilizers, Venus Remedies, Dr Reddy’s Lab and Jindal Saw.

Today’s Headlines

1) Tata Motors to launch two car models every year till 2020.

2) TVS Motor launches Scooty Zest; eyes 18% market share.

3) Empays Payment Systems mulls to raise $10 million to expand business in India and overseas.

4) Damodar Valley Corp to suspend power supply to Madhya Pradesh.

Currency Market Headlines

1) India’s rupee rose to the highest level in three weeks on speculation the government’s efforts to cut the budget deficit will draw more funds from overseas.

2) Brazil’s central bank has eased rules on reserve requirement for a second time this quarter in a bid to boost credit in a slowing economy.

3) The pound strengthened as the Bank of England said two policy makers wanted an interest-rate increase this month, marking the first split on rates in more than three years and the first under Governor Mark Carney.

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

Key Headlines

1) Foreign institutional investors (FIIs) have poured a record amount of money into the Indian debt market with year-to-date inflows of $13.7 billion, higher than inflows of around $12.04 billion into the equity market. There is a lot of demand for Indian bonds from foreign investors because yields are quite attractive for carry trade and the rupee has also been stable.

2) Indian 10 year yields have remained elevated at around 8.8%, more attractive than the yields on the 10-year US treasury bonds at around 2.5%, even after factoring in a possible depreciation of the rupee.

Read full story here:- http://www.rrfinance.com/reserch/MorningBell/Db_MorningBell.pdf

Index is expected to head down but should be able to recoup losses!

The 50-share Nifty index is expected to open flat on Wednesday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to head down but should be able to recoup losses later in the day and retest its crucial level of 7900. Stocks in news are Bharti Airtel, Arvind, HDFC Bank, Eros International, GAIL, Just Dial, Ashok Leyland, Karur Vysya, Wipro, NTPC and Ranbaxy.

Today’s Headlines

1) Petrol cars gain on diesel-run variants on narrowing price gap between the two fuels.

2) Starbucks to raise authorized capital to Rs 350 crore.

3) Government plans to merge all state-run hydropower firms; thermal projects may be transferred to NTPC.

4) OPPI asks Department of Pharmaceuticals to make Uniform Code of Pharmaceutical Marketing Practices a statutory code.

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

Debt Market Key Headlines

1) Foreign institutional investors (FIIs) have poured a record amount of money into the Indian debt market with year-to-date inflows of $13.7 billion, higher than inflows of around $12.04 billion into the equity market. There is a lot of demand for Indian bonds from foreign investors because yields are quite attractive for carry trade and the rupee has also been stable.

2) Indian 10 year yields have remained elevated at around 8.8%, more attractive than the yields on the 10-year US treasury bonds at around 2.5%, even after factoring in a possible depreciation of the rupee.

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

Currency Market Today’s Headlines

1) The dollar rose against major peers as a report showed housing starts reached the highest level in eight months, adding to evidence the U.S. economy is gaining traction.

2) The cost of living in the U.S. climbed in July at the slowest pace in five months, indicating price pressures remain limited even as the economy picks up.

3) The pound dropped to a four-month low versus the dollar after a report showed U.K. inflation slowed more in July than economists forecast, giving the Bank of England extra room to delay raising interest rates.

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

Wall Street rallies on M&A blitz and homebuilder data

Global markets are strongly positive and Nifty is expected to open high with most of the sectors expected to perform well. New highs can be made today and Pharma, FMCG, Power, Infra and select midcaps are expected to perform well.

Today’s Headlines

1) Wall Street rallies on M&A blitz and homebuilder data
2) Asian markets gain; Nikkei, Straits Times rise
3) FinMin to give in-principle approval for UTI MF IPO soon
4) FDI in automobile sector drops 85% in April-May this year
5) Bankers tighten noose on Bhushan Steel; appoint auditors
6) ONGC divestment by end-August; govt to hire bankers
7) BSE revises equity transaction charges
8) Planning Comm can be replaced by Productivity Comm

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

Debt Market Key Headlines   

1) Foreign institutional investors (FIIs) have poured a record amount of money into the Indian debt market with year-to-date inflows of $13.7 billion, higher than inflows of around $12.04 billion into the equity market. There is a lot of demand for Indian bonds from foreign investors because yields are quite attractive for carry trade and the rupee has also been stable.
2) Indian 10 year yields have remained elevated at around 8.8%, more attractive than the yields on the 10-year US treasury bonds at around 2.5%, even after factoring in a possible depreciation of the rupee.

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

Nano relocation from Bengal hit marketability

The 50-share Nifty index is expected to open lower on Thursday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological support level of 7650 in trade today. Stocks in news are KTK, Lupin, IOC, Bharti Infratel, Bata India, IDBI Bank and JSPL.

Today’s Headlines

1) Nano relocation from Bengal hit marketability: Ratan Tata.
2) Audi to launch entry-level sedan in Rs 22-27 lakh price range to woo young consumers.
3) RBI asks asset reconstruction companies to invest 15% in securities receipts.
4) Sequoia, Tenaya Capital and Nexus Venture Partners invest Rs 150 crore in Druva.
5) Adani in talks with Indian Oil for Rs 30,000 crore Mundra refineries JV.

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

India’s rupee slumped the most in six months!

1) India’s rupee slumped the most in six months as demand for dollars increased after U.S. data signaled the world’s largest economy is improving.
2) The dollar rose to the strongest level in almost nine months versus the euro as signs the U.S. economy is strengthening and tensions over Ukraine are increasing boosted the appeal of American assets.
3) The pound weakened for the first time in three days versus the dollar and yields on Britain’s government bonds dropped to a one-year low on concern the U.K.’s economy is falling short of analysts’ expectations.

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

Gold Holds Advance After Biggest Gain in Three Weeks on Ukraine!

1) Gold Holds Advance After Biggest Gain in Three Weeks on Ukraine.
2) Gun-Toting Explorer Dodges Jaguars as Gold Hunt Revives.
3) Hawaii Prepares for Two Hurricanes Bearing Down From East.
4) Putin Retaliates Against Sanctions With Food-Import Limits.
5) Molycorp Rises after Agreeing to $400 Million Financing.
6) Resolute Forest Seeking to Acquire or Build Lumber Mills.
7) Wheat Raises Most Since April as Ukraine Tensions Mount.
8) Mine Spill in B.C.’s Cariboo Leads to State of Emergency.

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

Rolls-Royce working on new model!

Equity Market Headlines

The 50-share Nifty index is expected to open lower on Wednesday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological support level of 7700 in trade today. Stocks in news are Hero Motocorp, Bata India, Jubilant Life Sciences, GMR Infrastructure, Coal India, NTPC, HDIL, IL&FS Engineering, Jindal Steel and power and NHPC

Today’s Headlines

1) Rolls-Royce working on new model; to hit market by mid-2016.
2) Kotak Investment, Ambit Capital & Edelweiss look to raise $500 million each for structured debt fund.
3) Government may take over Goa dairy, if new union is strongly opposed.
4) Power Ministry mulls fund to finance hydro projects.
5) Skymet raises $4.5 million to better R&D services.

Commodity Key Headlines

1) Dirtiest Fuel Threatens 700-Year-Old Villages in Europe.
2) U.K. Plans to Criminalize Energy-Market Rigging With New Laws.
3) WTI Falls to Six-Month Low with Demand Seen Declining.
4) Soybean Futures Fall as Rains in U.S. Midwest Seen Boosting Crop.
5) Silver Falls to Six-Week Low, Gold Drops as Dollar Gains.
6) Copper Caps Biggest Loss in 8 Weeks as Dollar Gains.
7) CME to Start EU Gas Futures as Trayport Remains Independent.
8) Baconholics Undeterred by Pig Prices at 30-Year High.

Currency Key Headlines

1) India’s 10-year sovereign bonds fell the most in four months after central bank Governor Raghuram Rajan left interest rates unchanged and pledged to curb inflation.
2) The pound rose for a second day against the euro as a report showed U.K. services output grew at a faster pace in July.
3) Chile’s economy grew less than analysts expected in June, expanding at the slowest pace since the aftermath of an earthquake in February 2010 that devastated the center-south of the country.

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

CAG pulls up PowerGrid for loss in revenue!

The 50-share Nifty index is expected to open flat on Tuesday following muted trend seen in other Asian markets. However, investors will keep a close eye on outcome of RBI policy review due today which is likely to dictate the trend for the markets. Stocks in news are TATA Steel, DLF, Aurobindo Pharma, Marico, Pfizer, Unitech, Prestige Estate, Purvankara, Power Grid, TBZ, Tata Communications and SRF.

Today’s Headlines

1) SAIF Partners, Accel Partners and Sequoia Capital to invest up to $10 million in Rockstand.

2) Hidesign accuses Woodland for infringing copyright laws by copying its designs.

3) ITC hikes price of select cigarette brands by up to Rs 10 per pack.

4) CAG pulls up PowerGrid for loss in revenue.

5) Sesa Sterlite to spend Rs 8,000 crore on expansion.

6) Weather, law & order problems hit Coal India output.

 Currency Headlines

1) The euro traded at almost its lowest level versus the dollar since November as investors held the largest position in two years betting on a drop in the currency before the region’s central bank meets this week.

2) India’s rupee rose the most in three weeks after disappointing U.S. jobs data eased speculation the Federal Reserve will raise interest rates.

3) Ghana will seek immediate talks with the International Monetary Fund to help stem the world’s worst currency slide, ending four months of contradictory statements from the government about whether it needs emergency aid.

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

Samsonite plans to acquire local brands in India!

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 reclaim its crucial psychological level of 7,650 in trade today. Stocks in news are Reliance Industries, TVS Motor, Berger Paints, Gujarat Pipavav, Syndicate Bank, Raymond, Motherson Sumi, Godrej Properties, Bank of Maharastra and JSW Steel.

Today’s Headlines

1) Honda to set up world’s largest scooter plant in Gujarat.

2) L&T Infrastructure Finance looks to raise $1 billion in a private equity fund.

3) Samsonite plans to acquire local brands in India.

4) Tata Global Beverages take Himalayan to Singapore; more global marts soon.

5) Government's gas pricing plan may try to keep buyers and sellers happy.

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

Indian rupee rose, snapping two days of losse!

Currency Market Headlines
 
1) India’s rupee rose, snapping two days of losses, on speculation exporters repatriated earnings to take advantage of the currency’s drop to a seven-week low.


2) Gold fell from a three-week high in New York on speculation the U.S. Federal Reserve will ease monetary stimulus after a two-day policy meeting that starts today. Silver also declined.

 

 3) The pound fell for the first time in five days against the dollar after U.K. inflation dropped to its lowest rate in 4 1/2 years in May, damping speculation the Bank of England will raise interest rates sooner than forecast.

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