Tuesday 23 September 2014

State Bank of India likely to hold the subsidiary banks' merger plan!

The 50-share Nifty index is expected to open lower on Wednesday tracking muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological level of 8000 in trade today. Stocks in news are M&M, Hindalco, JSPL, Jet Airways, Venus Remedies, Reliance Industries, JSW Energy, Thermax, DLF, SBI, SAIL, Pidilite Industries, Essar Oil, HCC and India Cements.

Today’s Headlines

1) Canadian auto parts maker Magna International to open two new plants in India.

2) State Bank of India likely to hold the subsidiary banks' merger plan.

3) KG basin dispute: Supreme Court appoints Australian judge Michael Kirby as arbitrator.

4) SAIL planning to double steelmaking capacity to 50 million tonne by 2025.

Read detail 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.

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

Commodity Key Headlines

1) Corn Falls to Four-Year Low as U.S. Begins Record Harvest.

2) Fonterra Cuts Milk Payout Forecast as 2014 Earnings Plunge.

3) Gold Holds Above January Low as Tensions Assessed With Rates.

4) Uranium Rally Threatened by Surplus as Mine Strike Eases.

5) Diamond Dealers Face Loan Drought after Losing Bank.

6) Inside an Ebola Protective Suit That Feels 115 Degrees.

7) Corn Trading Cheapest to Gold Since 1975 Signals Bottom.

8) CF-Yara Talks Show How Shale Gas Is Shaking Up Fertilizer.

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

Today’s Headlines

1) India’s rupee fell for the first time in six days on concern capital flows to emerging markets will slow amid intensifying conflict in the Middle East while oil importers stepped up dollar purchases.

2) Brazil’s real fell to a seven-month low on concern the nation will struggle to recover from a recession after an election poll showed increased support for President Dilma Rousseff.

3) Gold rose from an eight-month low in New York as investors assessed airstrikes in Syria and signs of more physical demand against the outlook for an improving U.S. economy.

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

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