The 50-share Nifty seen opening lower on Tuesday following muted trend seen in other Asian markets ahead of RBI monetary policy due later today. Tracking the momentum, the index is expected to retest its crucial psychological level of 8540-8550 in trade today. Stocks in news are ONGC, M&M, SAIL, Ashok Leyland, Sun Pharma, Ranbaxy, Tata Motors, IRB Infrastructure and FT.
Today’s Headlines
1) General Motors recalls 316,000 vehicles because of malfunctioning headlights.
2) Yamaha domestic sales rise 12% in November.
3) Private equity group Carlyle set to buy out Testimony from New Silk Route.
4) Indian textile industry has potential to touch $500 billion by 2025.
5) TPC-RInfra porting row: Appellate Tribunal for Electricity flays MERC decision.
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:- http://www.rrfinance.com/reserch/MorningBell/Db_MorningBell.pdf
Commodity Market Key Headlines
1) Funds Cut Bullish U.S. Oil Bets Before OPEC Price Rout.
2) Globe-Trotting Vale CEO Faces Wall Street as Iron Plunges.
3) U.K. Oil Producers Press for Tax Cuts as Crude Prices Collapse.
4) Copper in London Declines on Oil, China Manufacturing Weakness.
5) Cotton Outlook Cut by Australia to Five-Year Low on Dryness.
6) Wheat Crop Seen Lower in Australia as Dry Weather Cuts Yield.
7) CME Boosts Crude Futures Margins to Near Two-Year High.
8) Billionaire Shale Pioneer Sees Drilling Slowdown on Oil Price Drop OPEC Slump.
Read detail analysis report here:- http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf
Today’s Headlines
1) General Motors recalls 316,000 vehicles because of malfunctioning headlights.
2) Yamaha domestic sales rise 12% in November.
3) Private equity group Carlyle set to buy out Testimony from New Silk Route.
4) Indian textile industry has potential to touch $500 billion by 2025.
5) TPC-RInfra porting row: Appellate Tribunal for Electricity flays MERC decision.
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:- http://www.rrfinance.com/reserch/MorningBell/Db_MorningBell.pdf
Commodity Market Key Headlines
1) Funds Cut Bullish U.S. Oil Bets Before OPEC Price Rout.
2) Globe-Trotting Vale CEO Faces Wall Street as Iron Plunges.
3) U.K. Oil Producers Press for Tax Cuts as Crude Prices Collapse.
4) Copper in London Declines on Oil, China Manufacturing Weakness.
5) Cotton Outlook Cut by Australia to Five-Year Low on Dryness.
6) Wheat Crop Seen Lower in Australia as Dry Weather Cuts Yield.
7) CME Boosts Crude Futures Margins to Near Two-Year High.
8) Billionaire Shale Pioneer Sees Drilling Slowdown on Oil Price Drop OPEC Slump.
Read detail analysis report here:- http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf
