Thursday 4 September 2014

Maruti Suzuki postpones car manufacturing project in Gujarat by a year!

The 50-share Nifty index is expected to open flat on Friday following muted trend seen in other Asian markets. Tracking the momentum, the index may head lower but has a strong support around 8,060 levels. Stocks in news are Sun Pharma, Ranbaxy , Tech Mahindra, SAIL, NTPC, Infosys, Reliance Communications, Info Edge India and Petronet LNG.

Today’s Headlines

1) Maruti Suzuki postpones car manufacturing project in Gujarat by a year.

2) True School of Music plans to raise $ 20 million.

3) PAMP to set up duty free gold shop at Indira Gandhi International Airport.

4) Doosan Corporation bids lowest for NTPC's Katwa project.

5) Hearing on environment clearance to Machchakata coal block cancelled.

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.

Find full analysis report here:- http://www.rrfinance.com/reserch/MorningBell/Db_MorningBell.pdf

Commodity Key Headlines

1) Gold Declines with Silver to 12-Week Low as Dollar Strengthens.

2) Japan Aluminum Buyers Said to Pay Record Fee on Output Cut.

3) 'Worst Case' BP Ruling on Gulf Spill Means Billions More in Penalties.

4) China Policy Spurs Rooftop Solar in World’s Top Market.

5) Gold Slides to 11-Week Low as Rising Dollar Cuts Demand.

6) Goldwind Sees Demand to Sell Turbines Directly to Users.

7) Recycling Drives Japan Scrap past LME Aluminum: Chart of the Day.

8) Saudi Arabia Oil Sales to U.S. Imperiled by Shale Boom.

Find full technical report here:- http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf

Today’s Headlines

1) The euro dropped below $1.30 for the first time since July 2013 after the European Central Bank unexpectedly cut its main refinancing rate to a record 0.05 percent and introduced additional stimulus.

2) A gauge of expected swings in India’s rupee fell to a one-month low on signs growth in Asia’s third-biggest economy is picking up and as Russia agreed to a cease-fire with Ukraine.

3) Emerging-market currencies strengthened, bonds from Poland to Turkey gained and stocks advanced for a second day as the European Central Bank cut all three policy rates.

Find full technical report here:- http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf

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