RBI may allow NBFCs to lend against all categories of shares!

The 50-share Nifty index is expected to open higher on Monday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological level 7,900 in trade today. Stocks in news are ONGC, OIL, Reliance Inds, Jet Airways, FT, GAIL, TCS, ITC, Jindal Steel and Asian Paints.

Today’s Headlines

1) Hero Cycles acquires 60 per cent stake in German bicycle company MIFA.
2) RBI may allow NBFCs to lend against all categories of shares.
3) Jagdishpur-Phulpur-Haldia pipeline project to spur development in Bihar.
4) Jindal Stainless Limited selected for Annual Greentech Safety Award.

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Debt Market 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.

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Commodity Key Headlines

1) Hedge Fund Crude Bets Tumble amid Surging Global Supply.
2) Kurdish Oil Shipments From Turkey Said to Resume as Tanker Loads.
3) California Quake Crumples Buildings as Scores Are Hurt.
4) Gold Drops toward Two-Month Low as Silver Slips to 10-Week Low.
5) U.S. GDP, Housing, Ukraine, Tennis, Emmys: Week Ahead Aug. 25-30.
6) Cheapest Crude since January Cuts Gas to $3.48 a Gallon.
7) Rhodium Rally Pushes Price Past Platinum, Gold: Chart of the Day.
8) Wheat Gains Most in 1 Week as Canada Crop Reduces Supply.

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