Wednesday 26 November 2014

Debt Market Key Headlines

1) Oil prices dropped early on Wednesday as Asia's top economies showed signs of weakness, but hopes for output cuts by producer club OPEC curbed losses.

2) U.S. Treasuries yields fell on Tuesday, with long-dated ones hitting their lowest in over a month, after a strong auction of five-year notes and a single major bid for long-dated U.S. debt.

3) India could give banks more flexibility to restructure distressed loans in a bid to steer funding towards cash-strapped infrastructure projects, Reserve Bank of India (RBI) Governor Raghuram Rajan said on Tuesday.

4) India's central bank said on Tuesday it could penalize lenders that help domestic companies raise debt abroad if that fundraising violates external commercial borrowing rules when repatriated to India.

5) India's economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter, two senior finance ministry sources said, putting pressure on the central bank to cut interest rates.

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

A maker of McVitie’s to expand product portfolio in India

The 50-share Nifty index is expected to open flat on Thursday following muted trend seen in other Asian markets ahead of November F&O expiry. Stocks in news are ONGC, NMDC, MRF, BoB, Crompton Greaves, SpiceJet, Texmaco Rail & Engineering, Cox & Kings, Tata Power and Ranbaxy Laboratories.

Today’s Headlines

1) Mercedes to rev up India sales with launch of C200 petrol sedan; CLA sedan coming next year.

2) Western Union keen to apply for payments bank license.

3) A maker of McVitie’s to expand product portfolio in India.

4) Report on ONGC-RIL gas row expected by June: Dharmendra Pradhan.

5) Government likely to auction 49 coal blocks to private companies in pilot round.

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

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