Wednesday 3 December 2014

Sahara's next big challenge could be Rs 36,000 crore liability of credit co-operative!

Indian markets are expected to trade in a range on Thursday tracking muted trend seen in other Asian markets. Stocks in news are DLF, Reliance Industries, SAIL, MTNL, ONGC, Central Bank of India, NTPC, NMDC, Suven Life Sciences and Sadbhav Engineering.

Today’s Headlines

1) Sahara's next big challenge could be Rs 36,000 crore liability of credit co-operative.

2) After PepsiCo's Lays and ITC's Bingo, Balaji Wafers to now challenge McCain India in the potato snack segment.

3) Government mulls ways to recover $195.3 million from Reliance Industries.

4) Telangana plans mega pharma city spread over 11,000 acres near Hyderabad.

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

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.

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

Commodity Market Headlines

1) Shipping Can Thank OPEC for $29 Billion Saving: Chart of the Day.

2) There Are 300,000 Iraqi Barrels Signaling Oil Glut Will Deepen.

3) Shipping Chokepoint Strangles Ukraine Hopes for U.S. LNG.

4) Canada’s Oil Dividends Threatened as $70 Crude Hurts Cash.

5) Ebola Traps Painkiller Shipment Off Africa as Economies Unravel.

6) Petronas Defers $32 Billion Canada LNG Project Decision.

7) Saudi Oil Discounts to Asia Seen Widening as OPEC Takes on Shale.

8) Biggest Winners and Unluckiest Losers of Global Oil Price Crash.

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

Currency Market Headlines

1) The dollar strengthened to a seven-year high against the yen before U.S. data this week that economists say will back the case for higher interest rates as Japan and Europe ease policy.

2) The pound rose to a three-week high against the euro as a report showing U.K. services expanded in November faster than analysts forecast signaled that the economy is weathering stagnation among its European neighbors.

3) Brazil’s swap rates increased to a two-week high as economists joined investors in projecting that the central bank will raise borrowing costs by a half-percentage point today to curb inflation.

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

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