Sunday 28 September 2014

United India Insurance keen to re-enter overseas markets!

The 50-share Nifty index is expected to open lower on Monday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological level of 7950 in trade today. Stocks in news are FT, MCX, Federal Bank, KFA, Oil India, ONGC, IDBI Bank, Muthoot Finance, Deepak Fertilisers, Haladia Petrochemicals and DLF.

Today’s Headlines

1) Bank unions threaten month-long stir as wage talks fail again.

2) United India Insurance keen to re-enter overseas markets.

3) Centre may cap number of subsidized LPG cylinders at 9 to bring down deficit.

4) Coal ministry may cancel one coal block allocation to Reliance Power's Sasan project.

Read equity 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 debt report here: - http://www.rrfinance.com/reserch/MorningBell/Db_MorningBell.pdf

Today’s Headlines

1) India’s rupee headed for the biggest weekly drop in almost two months on concern companies may have to source higher-priced coal from overseas after a court ruling put the nation’s mines up for auction.

2) Asian currencies declined for a fourth week, led by Malaysia’s ringgit and the Philippine peso, as an improving U.S. economy bolstered speculation the Federal Reserve will raise interest rates next year.

3) The yen fell, approaching the weakest in six years versus the dollar, on speculation Japan’s government will push ahead with reforms that would allow the nation’s $1.2 trillion pension fund to buy more overseas assets.

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

Commodity Headlines

1) Soybeans Drop to Four-Year Low as China Suspends Import Approval.

2) Russia Oil Chief Says Sanctions No Bar to Arctic Drilling.

3) Klein Constantia Restores African Wines Fit for Napoleon.

4) Refinery Failures Spur Bets on Higher U.S. Gasoline.

5) Hedge Funds Raise Bullish Cocoa Bets on Ebola Concerns.

6) Senate Democrats Urge CFTC Review of LME Aluminum Trading.

7) Russia Says Arctic Well Drilled With Exxon Strikes Oil.

8) Monsanto GMO Wheat Found in Montana as Oregon Probe Ends.

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

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