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
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
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