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

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

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

Market Outlook-HDFC Bank Q4: Analysts expect PAT growth at 26%

Nifty is technically in uptrend and may continue in that direction today. Poll sentiments are supporting this uptrend and results are also positive. But Rupee can cause a negative surprise and markets being at all time high can panic. Cautious trading is recommended and investors should partly book profits in their long positions. Aggressive new longs are not advised. But at the same time short positions should also be avoided.  Opening is likely to be flat and HDFC Bank’s Q4 results are to going to be the highlights of the day.

Today’s Headlines

1) SC allows iron ore mining in Goa with upper limit of 20mt
2) PwC forensic audit report may put fat tax liability on MCX
3) Mitsubishi deal to add $300m to revenue in FY15: TCS
4) HDFC Bank Q4: Analysts expect PAT growth at 26%, 16% in NII
5) RBI wary, not against, corp-backed banks: Sources
6) Stocks in news: HDFC Bank, Tata Metaliks, MCX, Jet
7) L&T calls off merger talks with Future Generali Insurance
8) Wonderla Holidays IPO subscribed 42% on Day 1

Read detail analysis report here:- http://www.quora.com/Rahul-Prasad-12/Posts/Market-Outlook-HDFC-Bank-Q4-Analysts-expect-PAT-growth-at-26

Na Mo Effect on Markets!

Markets move on expectations, and right now the general feeling is that BJP is expected to come to power in May 2014.

For detail analysis report please visit:- https://www.rrfinance.com/Reserch/ResearchHome.aspx?NaMo=NDA