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
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.
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
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