Sunday 31 August 2014

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

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