Wednesday 6 August 2014

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

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