Tuesday 16 September 2014

India to seek clarity on AIIB during Xi Jinping visit!

The 50-share Nifty index is expected to open higher on Wednesday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial psychological support level of 7,950. Stocks in news are HeroMotoCorp, Lupin, ALBK, Canara Bank, Reliance Ind, ONGC, Aurobindo Pharma, Apollo Tyres, NTPC, Axis Bank, Apollo Hospitals and GMR Infrastructure.

Today’s Headlines

1) Mahindra & Mahindra in talks to buy Peugeot's scooter unit.

2) India to seek clarity on AIIB during Xi Jinping visit.

3) SAB Miller sales growth rises a marginal 0.5%, slowest in 3 years.

4) Bangalore-based Electronic Cluster raises Rs 14 crore.

5) Reliance Power withdraws from Dadri power project in Uttar Pradesh.

6) Coal India's trade unions defer strike.

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

Currency Market key Headlines

1) The dollar was at almost a six-year high versus the yen as investors weighed the timing for the Federal Reserve’s first interest-rate increase since 2006 before policy makers begin a two-day meeting today.

2) The pound fell toward the weakest in 10 months versus the dollar after a report showed U.K. inflation slowed to match the lowest level in five years.

3) Israel’s Finance Ministry cut its growth forecast for this year and the country’s inflation rate unexpectedly dropped to zero, adding to indications that the war in the Gaza Strip has squeezed domestic consumption.

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

Commodity Key Headlines

1) Gold Trades above Eight-Month Low Before Fed Concludes Meeting.

2) U.S. Steel’s Canada Unit Files for Creditor Protection.

3) Arcelor Mittal Steel Truck Frame Vies With Aluminum.

4) Nigerian Union Strikes in Action That May Curb Crude Oil Exports.

5) Chevron’s Search for Alternative Fuels Stumps Best Minds.

6) Oil Rises as OPEC Sec-General Says Group May Cut Target.

7) Leaky Wells Spur Call for Stricter Rules on Gas Drilling.

8) Soybeans Slump on Outlook for Bumper Crop; Wheat Declines

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

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