Monday 20 October 2014

Government extends validity of industrial licences to 7 years!

The 50-share Nifty index is expected to open higher on Tuesday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7900 in trade today. Stocks in news are Idea Cellular, HDFC Bank, ONGC, Hero Motocorp, Jindal Saw, SKS Microfinance, NTPC, IFCI, BGR Energy and UltraTech Cements.

Today’s Headlines

1) Toyota recalls 247,000 vehicles in US over Takata air bag issue.

2) Government extends validity of industrial licences to 7 years.

3) SBI to carry on operations in UK despite crackdown on foreign banks.

4)
Electronics sector to get Rs 5,000 crore investments in 2 to 3 years.

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

Commodity Key Headlines


1) Gold Holds Near Five-Week High on Global Outlook as SPDR Shrinks.

2)
Iran Shuns Image as OPEC Hawk While Seeking Sanctions End.

3) Ebola’s Economic Fallout Can’t Be Quarantined in Africa.

4) Triple Whammy Looms for China’s Oil Refiners as Crude Plunges.

5) China’s ‘Aggressive’ Electric Car Ambitions to Boost Aluminum.

6) Seed Makers Continue Offering Coated Soybeans.

7) Sumitomo’s Loss Shows Shale Isn’t Booming for Everybody.

8) WTI Crude Oil Seen Supported Near $75 a Barrel.

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

Today’s Headlines

1)
India’s 10-year bond yield slumped to a 13-month low and the rupee advanced after the government boosted efforts to cut energy subsidies and the budget deficit. The fuel policy changes come after global oil prices fell to a four-year low this month, helping reduce costs for India, which buys about 80 percent of its oil abroad. Keeping diesel affordable to the nation’s poor cost the government and oil producers about 4 trillion rupees ($65 billion) in the past 10 years, according to oil ministry data.

2)
The dollar fell versus higher-yielding currencies as traders speculated on the Federal Reserve’s pace for interest-rate increases amid slowing global growth.

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

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