Coal India slips after weak Q4 results!

Equity benchmarks remained under pressure with the Nifty trading below the 7300 level on expiry day, weighed down by heavyweights like Infosys, Reliance Industries and HDFC twins. Hindalco Industries rebounded, gaining nearly 3 percent after fourth quarter earnings.  The barometer index, the S&P BSE Sensex, close at 24234.15 and down 321.94 points or 1.31%, off close to 294.05 points from the day's high and up about 27.65 points from the day's low.

Who Moved and Why

1) Alphageo (India) hits the roof on turnaround Q4 numbers.
2) Coal India slips after weak Q4 results.
3) Hindalco reverses intraday fall after declaring Q4 result.
4) Bajaj Electricals slumps after reverse turnaround in Q4.
5) IOC gains after Q4 results.
6) Excel Crop Care spurts after robust Q4 earnings.
7) Escorts slips after weak quarterly earnings.
8) Tata Global Beverages drops after weak Q4 results.
9) Nalco declines after weak Q4 outcome.
10) Hero MotoCorp slips after Q4 results. 

Read detail analysis report here: - http://rrfinance.com/Reserch/Pdf/07-July/DMR/29_may_equity_closing_update.pdf

Maruti Suzuki aims to grow at 10% in FY15 on rural boost

The 50-share Nifty index is expected to open higher on Friday, following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7,300 in trade today. Stocks in news are UCO Bank, MCX, JSW Steel, Spice Jet, Renuka Sugars, Sks MicroFinance, Reliance Comm, Infosys and SBIN.

 Today’s Headlines

1) Maruti Suzuki aims to grow at 10% in FY15 on rural boost.
2) Isuzu Motors launches 'D Max' in Kerala.
3) IDFC seeks RBI nod for Rajiv Lall as chief of its proposed bank.
4) Everstone Capital picks up 51% stake in Indonesian franchise of Domino's Pizza.
5) Oil & gas cos hope govt will let market decide gas pricing.
6) Teva Pharmaceutical recalls 38,858 bottles of drugs made by Emcure Pharmaceuticals in US market.

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

Modi Boosts India Outlook as Morgan Stanley Forecast Raised

The Indian rupee weakened for a second consecutive session on Wednesday, weighed down by large demand for dollars from importers and after foreign investors turned sellers of domestic shares for the first time in about a month. Foreign investors sold Indian cash shares worth a net 1.04 billion rupees ($17.8 million) on Tuesday. Although the sales were modest, it was their first sales since April 16, provisional data from the NSE and SEBI showed. The partially convertible rupee closed at 58.7750/7850 per dollar versus 58.63/64 on Tuesday.

 Today’s Headlines

1) India’s Rupee Falls Most in a Month on Importers’ Dollar Demand
2) Modi Boosts India Outlook as Morgan Stanley Forecast Raised
3) Japan Trade Deficit Shrinks as Tax Increase Crimps Imports
4) WTI Crude Rises to One-Month High on Supply Drop; Brent Advances
5) Pound Rallies as Retail-Sales Jump Stokes Rates Bets

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

Ruble Gains as Putin Orders Troop Pullback!

The Indian rupee snapped a four-day gaining streak on Tuesday, retreating from 11-month highs hit in the previous session after oil importers rushed in to buy dollars, while a rally in domestic shares slowed after powerful recent gains. Intervention from the Reserve Bank of India has been capping broader gains for the local currency, dealers said, as the central bank builds up currency reserves and is drafting a game plan to protect the rupee against the sort of rout that alarmed policymakers and investors last year. The partially convertible rupee closed at 58.63/63 per dollar versus 58.59/60 on Monday.
 

 Today’s Headlines

1) Indian Rupee Snaps Four-Day Advance on Dollar Demand
2) Aussie Slides after RBA Minutes as Euro Falls
3) Ruble Gains as Putin Orders Troop Pullback
4) U.K. Bonds Drop a Third Day as Pound Rises After Inflation Data
5) ECB Said to Weigh Fed-Style Meeting Schedule on Policy

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

The Indian rupee strengthened to an 11-month high

The Indian rupee strengthened to an 11-month high on Monday, gaining for a fourth consecutive session as strong foreign inflows led domestic equities to record closing highs after the election of a new government to be led by Narendra Modi. However, continued central bank dollar-buying capped broader gains, with traders expecting the Reserve Bank of India to continue stepping in as it looks to build up its foreign exchange reserves. Data on Friday showed India's dollar reserves surged to a more than two-year high of $313.83 billion for the week to May 9, the highest since Nov. 11, 2011.

 Today’s Headlines

1) Gold Climbs on Speculation of India Relaxing Import Restrictions
2) India’s Rupee Advances to 11-Month High After BJP Wins Majority
3) Yen Rises to 3-Month High versus Dollar on Risk Aversion
4) Pound Falls versus Euro as Carney Warns of Housing Risks
5) Kenyan Shilling Slumps on Concern Attacks May Cut Tourism

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

India Rupee in Biggest Weekly Rally since September as BJP Leads!

The Indian rupee strengthened to its highest level in about 10 months on Thursday, while also posting its biggest single-day gain in nearly three weeks on the back of sustained dollar inflows into domestic shares ahead of election results. Hopes that the Bharatiya Janata Party and its allies will win an outright majority have helped fuel gains in shares, given the perceptions that the opposition party is more business and reform friendly. The partially convertible rupee closed at 59.29/30 per dollar, after hitting 59.10, its strongest level since July 29 and higher from its Tuesday's close of 59.66/67. The rupee rose 0.6 percent for the day, its biggest single-day gain since April 25.

Today’s Headlines

1) India Rupee in Biggest Weekly Rally since September as BJP Leads
2) Euro Drops as Peripheral Bonds Fall Amid Economic Pace Concern
3) Chile Keeps Rates on Hold as Prices Rise Fastest in Five Years
4) Mexico’s Peso Rises as U.S. Housing Data Boosts Economic Outlook

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

Most Indian Stocks Gain before Election Results; Rupee Rallies

The Indian rupee strengthened to its highest level in about 10 months on Thursday, while also posting its biggest single-day gain in nearly three weeks on the back of sustained dollar inflows into domestic shares ahead of election results. Hopes that the Bharatiya Janata Party and its allies will win an outright majority have helped fuel gains in shares, given the perceptions that the opposition party is more business and reform friendly. The partially convertible rupee closed at 59.29/30 per dollar, after hitting 59.10, its strongest level since July 29 and higher from its Tuesday's close of 59.66/67. The rupee rose 0.6 percent for the day, its biggest single-day gain since April 25. The Indian rupee fell slightly! 778.

 Today’s Headlines

1) Most Indian Stocks Gain before Election Results; Rupee Rallies
2) Euro Declines to 11-Week Low versus Dollar on ECB Bets
3) Euro-Area Growth Missing Forecast Keeps Pressure on ECB
4) Russian Growth Slowest Since 2009 on Sanctions, Poll Says
5) Reid Moves to Set Senate Vote on Fischer Fed Nomination

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

Euro Falls to Two-Month Low versus Yen on ECB Bets

The Indian rupee rose on Tuesday to its strongest close against the dollar in nearly 10 months as shares surged to record highs after exit polls showed opposition Bharatiya Janata Party and its allies clinching a majority in the country's elections. Markets have been already pricing in a win by the BJP, hoping that the coalition led by Narendra Modi would revive an economy growing at its slowest pace in a decade and attract more foreign investment. J.P.Morgan estimates that RBI interventions since February have totaled nearly $20 billion, with an estimated $4.1 billion in dollar purchases since the start of May, according to a note on Tuesday.

 

Today’s Headlines

1) Euro Falls to Two-Month Low versus Yen on ECB Bets
2) Pound Weakens as Rate-Increase Bets Pushed Back After BOE
3) Ukraine Crisis Weighs on East Europe as EBRD Meets
4) Former BOJ Policy Maker Sees Japan Inflation Dilemma
5) WTI Rises for Third Day as Cushing Stockpiles Drop

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

Market Outlook-Nestle India's Q1 net drops 7 per cent!

The 50-share Nifty index is likely to open higher on Wednesday following positive trend seen in SGX Nifty.  Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7,150 in trade today. Stocks in news are HCL Tech, BHEL, Tata Comm, L&T, Castrol India, Bank of Baroda, Nestle India, Repco Fin, Reliance Ind, and ONGC.

Today’s Headlines

1) Nestle India's Q1 net drops 7 per cent.
2) Dr Reddy's Q4 profit up 25% lags estimates.
3) Tata Group launches first 'Design Studio' in UK.
4) Honda Motorcycle & Scooter India sets target to sell 45 lakh units in FY'15.
5) Bharat Benz's VRV Sriprasad to be Volvo India's managing director.
6) Helion invests Rs 25 crore in enterprise mobility co Rapid Value.

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

Ruble Drops Before Russia Reacts to East Ukraine Secession Votes!

The Indian rupee fell slightly on Monday, retreating from a nearly 10-month high hit earlier in the session, on the back of suspected heavy dollar buying by the central bank ahead of exit polls due out later in the day. Initial gains in the rupee tracked a rally in Indian shares to record highs on widespread hopes that those projections would show the Bharatiya Janata Party and its allies winning a majority in the elections, given the opposition is seen by markets as being more investor friendly. The partially convertible rupee closed at 60.05/06 per dollar compared with 60.02/03 on Friday. The unit gained to as high as 59.51.

Today’s Headlines

1) Asian Euro Near One-Month Low as Citigroup Predicts Drop; Pound Gains
2) Japanese Dump Most Euro Bonds on Record Amid Ukraine Tension
3) Draghi Drives ECB Toward Stimulus Even as Economy Grows
4) Ruble Drops Before Russia Reacts to East Ukraine Secession Votes

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

Traders expect the rupee to continue to hold in a tight 59.80 to 60.20 per dollar

The Indian rupee gained for a second consecutive session on Friday to a near one-month high, sparking suspected central bank intervention after shares surged to a record high on hopes the opposition Bharatiya Janata Party would win a majority in elections ending next week. Traders expect the rupee to continue to hold in a tight 59.80 to 60.20 per dollar on Monday ahead of exit polls due to be released after 1830 India time. Though these polls have proved unreliable in previous elections, traders expect to get some clarity on what the final results to be released on May 16 may look like.

 Today’s Headlines

1) Asian Currencies Complete Weekly Advance Led by Philippine Peso
2) Euro Weakens Third Day on Outlook for ECB Stimulus
3) Deutsche Bank Currency Crown Lost to Citigroup on Volatility
4) Pound Set for Weekly Gain as U.K. Output Beats Analyst Estimates
5) Ukraine Renews Dialogue Offer as Russia Holds Army Drills

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

The Indian rupee fell slightly!

The Indian rupee fell slightly on Wednesday, retreating from a one-month high hit earlier as a sharp fall in local shares and good dollar demand from oil importers offset corporate greenback sales and a lift from stronger Asian currencies.  Although the rupee rose to as high as 59.96 earlier in the session, its highest since April 9, on the back of a large corporate dollar sale, traders said sentiment remains cautious ahead of the outcome of the national elections on May 16, while exit polls will start to be disclosed on Monday. The partially convertible rupee closed at 60.135/145 per dollar compared with its previous close of 60.11/12.

Today’s Headlines

1) Pound Climbs to Nine-Week High Against Euro before BOE Decision.
2) Poland Holds Rate at Record Low as Ukraine Woes Threaten Growth.
3) Yen Advances to Three-Week High as Stocks Slump; Kiwi Declines.
4) Dollar Falls to Lowest Since October on Lower Yields.

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

Trade Deficit in U.S. Shrank in March as Exports Increase!

The Indian rupee gained on Tuesday for its fourth session in five, aided by corporate dollar sales and stronger domestic shares, although continued caution ahead of the outcome of general elections next week limited sharper gains.  However, traders cited little impact after the HSBC Services Purchasing Managers' Index compiled by Markit, rose to 48.5 in April from 47.5 in March, but held stubbornly below the 50-mark that divides growth from contraction. The rupee was also aided by Indian shares that rose for a second consecutive session after overseas investors bought index futures worth 860 million rupees on Monday, snapping five days of selling in index futures.

Today’s Headlines

1) The euro climbed to a seven-week high versus the dollar
2) Trade Deficit in U.S. Shrank in March as Exports Increase
3) Pound Gains Most in 4 Weeks as U.K. Services Expand
4) Romania Keeps Rates at Record Low as Inflation to Quicken
5) Yuan Extends Rebound From 18-Month Low as Weakness Seen Overdone

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

India’s Rupee Advances to One-Month High after U.S. Jobs Report!

The Indian rupee snapped a three-day rise and retreated from a near one-month high hit early on Monday as heavy dollar demand from oil refiners hurt while sentiment was also cautious ahead of the conclusion of general elections next week. Although the rupee has been helped by continued foreign inflows into equities, which helped the currency gain in each of the previous three sessions, overseas investors have turned sellers in index futures totaling 2.43 billion rupees over the five previous sessions until Friday. The one-month implied volatility in the spot rupee stood at 11.3 percent, not far from 12.2 percent hit on April 28, which was its highest since mid-November.

Today’s Headlines

1) India’s Rupee Advances to One-Month High after U.S. Jobs Report
2) Yen Climbs after China Data as Kuroda Touts Recovery
3) EU Cuts Euro-Area Growth Outlook as Inflation Seen Slower
4) Fed’s Fisher Says Economy Strengthening as Payrolls Rise
5) Pound Climbs to 4-Year High on U.K.’s Resurgent Economic Growth

For more information please visit: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf

Dollar Declines versus Major Peers Amid Turmoil in Ukraine!

The Indian rupee rose to a three-week high on Friday, posting its first weekly gain in five, helped by dollar selling from state-run banks and tracking gains in regional currencies ahead of a key U.S. jobs growth data later in the day. The 0.7 percent gain in the rupee this week came on the back of large dollar sales by corporate and banks and a recovery in Asian currencies, offsetting a net $1.5 billion in foreign investor selling in debt markets last month that had previously pressured the local unit. The partially convertible rupee closed at 60.16/17 per dollar compared with 60.31/32 on Wednesday, after rising as high as 60.09, a level last seen on April 10.

Today’s Headlines

1) India’s Rupee Has Biggest Weekly Gain in a Month on Dollar Sales.
2) Pound Climbs to 4-Year High on U.K.’s Resurgent Economic Growth.
3) Mexican Peso Posts Longest Rally since November.
4) Brazilian Real Climbs on Speculation Rousseff Support Declining.
5) Dollar Declines versus Major Peers Amid Turmoil in Ukraine.

For detail information please visit: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf

Euro Climbs to Three-Week High!

The Indian rupee rose for a second consecutive session on Wednesday, boosted by large dollar sales
by exporters, but gains were capped by caution ahead of the U.S. Federal Reserve's policy meeting this week and as shares fell to 2-1/2 week lows. The currency fell 0.7 percent in April after having hit an eight-month high of 59.5950 on April 2, as a rally in domestic shares stalled as India embarked on a five-week election process set to conclude next month. The monthly fall snapped a 4.6 percent rally over February and March sparked by heavy foreign buying of shares on the back of an improving domestic economy.

Today’s Headlines

1) Euro Climbs to Three-Week High as QE Bets Pared; Aussie Advances.
2) Fed to Keep Trimming Stimulus as Economy Shakes Off Stall.
3) WTI Trades at 4-Week Low as Crude Supplies Rise.
4) Pound Rises to Four-Year High as Manufacturing Beats Forecasts.
5) BOJ Inflation Confidence Seen Cutting Chance of Stimulus.

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