The 50-share Nifty index is expected to open flat on Monday following muted trend seen in other Asian markets and strong Q2 GDP data. Tracking the momentum, the index is expected to edge higher after muted start to reclaim its crucial psychological level of 8,600.
Today’s Headlines
1) Auto industry pitches for continuation of excise duty relief.
2) Bharatiya Mahila Bank confident of growing into a strong brand says CMD.
3) India emerges as Domino’s biggest market outside US.
4) Kent RO aims to be a Rs 1,000-crore firm by 2016-17.
5) Tata Power may not source coal from Indonesia for Mundra.
6) Steel ministry seeks relaxed lending rules for companies.
Debt Market Key Headlines
1) India’s 10-year bond yield held near a 15-month low on speculation the central bank will cut its benchmark interest rates next week as sliding oil prices cool inflation.
2) Brent crude dropped 2.4 percent to 75.90 a barrel, easing costs for Asia’s third-largest economy that imports almost 80 percent of its oil. Consumer prices in India rose 5.52 percent in October from a year earlier, the slowest pace since the index was created in January 2012, according to official data.
3) The Reserve Bank of India plans to sell 120 billion rupees ($1.9 billion) of notes via an open-market auction on Dec. 1, it said in a statement after trading closed yesterday. Bonds rose in the past three days on optimism falling oil prices will help curb inflation and prompt the RBI to cut interest rates.
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.
Commodity Key Headlines
1) Miners ‘Covering Their Eyes’ on China’s Commodity Cliff.
2) China Winning in OPEC Price War as Hoarding Accelerates.
3) Gold Hidden in Underwear Shows How India Curbs Upset Rupee Trade.
4) Brevan Howard Said to Close Commodity Hedge Fund after Losses.
5) Gold Tumbles After Swiss ‘No’ Vote as Silver Sinks to 5-Year Low.
6) Oil Price Drop Forces OPEC Member Iraq to Weigh Spending Cuts.
7) Iran Wary of Oil ‘Shock Therapy’ as OPEC Vies for Market.
8) Oil at $40 Possible as Market Transforms Caracas to Iran.
Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf
Today’s Headlines
1) Auto industry pitches for continuation of excise duty relief.
2) Bharatiya Mahila Bank confident of growing into a strong brand says CMD.
3) India emerges as Domino’s biggest market outside US.
4) Kent RO aims to be a Rs 1,000-crore firm by 2016-17.
5) Tata Power may not source coal from Indonesia for Mundra.
6) Steel ministry seeks relaxed lending rules for companies.
Debt Market Key Headlines
1) India’s 10-year bond yield held near a 15-month low on speculation the central bank will cut its benchmark interest rates next week as sliding oil prices cool inflation.
2) Brent crude dropped 2.4 percent to 75.90 a barrel, easing costs for Asia’s third-largest economy that imports almost 80 percent of its oil. Consumer prices in India rose 5.52 percent in October from a year earlier, the slowest pace since the index was created in January 2012, according to official data.
3) The Reserve Bank of India plans to sell 120 billion rupees ($1.9 billion) of notes via an open-market auction on Dec. 1, it said in a statement after trading closed yesterday. Bonds rose in the past three days on optimism falling oil prices will help curb inflation and prompt the RBI to cut interest rates.
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.
Commodity Key Headlines
1) Miners ‘Covering Their Eyes’ on China’s Commodity Cliff.
2) China Winning in OPEC Price War as Hoarding Accelerates.
3) Gold Hidden in Underwear Shows How India Curbs Upset Rupee Trade.
4) Brevan Howard Said to Close Commodity Hedge Fund after Losses.
5) Gold Tumbles After Swiss ‘No’ Vote as Silver Sinks to 5-Year Low.
6) Oil Price Drop Forces OPEC Member Iraq to Weigh Spending Cuts.
7) Iran Wary of Oil ‘Shock Therapy’ as OPEC Vies for Market.
8) Oil at $40 Possible as Market Transforms Caracas to Iran.
Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf
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