Monday 24 November 2014

Milk Mantra buys Westernland Dairy for Rs 10 crore

The 50-share Nifty index is expected to open flat on Tuesday following muted trend seen in other Asian markets. Tracking the momentum, the index may open flat but should be able to surpass its previous record high of 8534.65 hit on 24 November. Stocks in news are Mudra Lifestyle, Bharti Airtel, IOC, ING Vysya, Vascon Engineers, CEAT, Amtexk Auto, Reliance Communications, SpiceJet and Ashok Leyland.

Today’s Headlines

1) Hong Kong firm SSG Capital Management buys 49% in ACRE for Rs 41 crore.

2) Milk Mantra buys Westernland Dairy for Rs 10 crore.

3) India in a sweet spot as LNG prices crash in Asia.

4) Steel ministry asks for steel to be kept on negative list for RCEP.

5) Narayana Health acquires Westbank Hospital for Rs 150 crore.

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

Debt Market Key Headlines

1) India’s 10-year government bonds fell the most in more than three months on speculation yields near 15-month low deterred buyers. The yield on 8.4 percent sovereign debt due July 2024 rose six basis points to close at 8.22 percent in Mumbai, according to prices from the central bank’s trading system. That’s the biggest increase since Aug. 5.

2) The value of debt investments of foreign investors through participatory notes (P-notes) has doubled in the first nine months of calendar year 2014. Attractive yields on offer, stabilizing domestic currency and easing inflation has drawn foreign investor towards the Indian debt market. So far in 2014, foreign portfolio investment into the debt market has been far in excess compared with the equities market.

3) Easy global liquidity conditions, juxtaposed with optimism surrounding the India story, is allowing a larger number of Indian companies, many of them rated below investment grade, to raise capital in the international bond markets.

4) Bond issues from sub-investment grade or junk-rated firms-known in market parlance as high-yield issues-have surged in 2014, with almost 10 firms raising as much as $5.3 billion so far this year. This compares with just three issues in 2013 that raised $1.9 billion.

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

Commodity Key Headlines

1) OPEC Said to Consider Sparing Three Nations from Oil Cuts.

2) Oil Boom Triggering Cowboy Shortage across Canada.

3) Nickel Drops From Six-Week High as Colombia Mine Strike Canceled.

4) Soybeans Rebound on Signs of Rising Demand for Record U.S. Crop.

5) Enterprise Said to Offer U.S. Condensate for 2015 to Asia.

6) Glencore-Rio Merger Will Happen, Hannam Tells Hedge Funds.

7) Gold Falls as Fed’s Fisher Says Inflation Isn’t a Concern.

8) Soybeans Drop as Bumper U.S. Harvest Nears Completion; Corn Sags.

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

No comments:

Post a Comment