Friday 12 September 2014

Global crude falls nearly $3 a barrel in a week, motorists rejoice

The 50-share Nifty index is expected to open lower on Friday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to head lower but have a strong support at levels around 8040. Stocks in news are Coal India, Lakshmi Vilas Bank, Maruti Suzuki, IDFC, JSW Steel, GMR Infra, ICICI Bank, TVS Motor, ITC and L&T.

Today’s Headlines

1) Government asks companies to put brown dot on cosmetics with animal origin ingredients; IBHA oppose.

2) Titan commissions new plant in Tamil Nadu for its watch division.

3) Oil companies like Hindustan Petroleum Corporation restore fuel supply in Kashmir.

4) Global crude falls nearly $3 a barrel in a week, motorists rejoice.

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 Key Headlines

1) Food Prices Drop to 4-Year Low on Tumbling Milk to Oils.

2) BHP Spinoff Set to Lure Investors, Predators on Profit Promise.

3) Gold Declines to Seven-Month Low on U.S. Rate Outlook.

4) Zinc Pares Biggest Weekly Drop in 23 Months before China Data.

5) Gold Extends Drop With Silver as Platinum Sinks to 7-Month Low.

6) WTI Rises from 8-Month Low as Russia Tensions Escalate.

7) Gold-Oil Link Strongest Since October on Europe’s Woes.

8) Copper Falls to 12-Week Low on Signs Global Demand to Ebb.

Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf

Currency Headlines

1) India’s government is looking to buy back 200 billion rupees ($3.3 billion) of bonds from the central bank and the transaction will probably be completed in September at market prices.

2) The pound rose for a third day against the dollar as concern that Scotland will vote for independence next week ebbed amid optimism the U.K. economy is strengthening.

3) The dollar strengthened against its higher-yielding peers as a measure of currency-market volatility reached its strongest level since February.

Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf

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