Thursday 21 August 2014

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

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