Tuesday 2 September 2014

Mundra tariff: States to meet Goyal tomorrow; firms seek help

The 50-share Nifty index is expected to open flat on Tuesday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological support level of 8000 in trade today. Stocks in news are NTPC, Jaiprakash Associates, ONGC, Cipla, Tata Steel, SBI, Apollo Hospitals, Hero Motocorp, TVS Motor, IFCI, Ashok Leyland, PFC & REC and Punj Lloyd.

Today’s Headlines

1) Car sales surge for fourth successive month, auto makers gear up for festive season with new launches.

2) Electronics companies like Sony, Samsung, Panasonic and others track store sales to stop resale of products.

3) Mundra tariff: States to meet Goyal tomorrow; firms seek help.

4) Coal block allocation: Supreme Court to decide on government's plea to spare operational mines.

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

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

Commodity Key Headlines

1) Putin Faces Debt to Import Curbs as EU Weighs Sanctions.

2) Petroleum Reserve to Cut Import-Shock Risks: Corporate India.

3) Palm Oil Seen Rebounding by Sime’s Dass as Demand Recovers.

4) Aluminum Leads Metals Higher on Stimulus Bets for China, Europe.

5) China Banks Boost Precious Metals Hoard Amid Lease Demand.

6) Brent Oil Extends Two-Month Slump Amid OPEC Expansion.

7) Speculators Turn More Bullish on Oil Before Labor Day.

8) Copper Declines on China’s Manufacturing Data for August.
 
Find full technical report here: - http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf

Today’s Headlines

1) The euro reached the lowest level in almost a year against the dollar as signs the region’s economy is under performing that of the U.S. damped demand for the shared currency.

2) After gold’s rally in the first half of the year beat gains for commodities, equities and Treasuries, bullion is back to being out of favor with investors. Hedge funds cut their bullish gold bets for the fourth week in five, sending holdings to a two-month low.

3) India’s rupee declined a third day on speculation the central bank intervened to prevent a stronger currency from hurting a revival in the economy.

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

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