Coal ministry ready with auction details for Union Cabinet nod!

The benchmarks are set to open with a gap-up on the back of good news on the macro front and positive cues from Asian markets. Stocks in news are Tata Steel, IOC, Jaiprakash Associate, Eicher Motors, Dr Reddy’s Laboratories and Vivimed Labs.

Today’s Headlines

1) SC frowns on linking Toyota motor brass to non-deployed airbags.

2) Falling car sales puncture tyre companies' hope of revival.

3) Government panel moots breather for banks on stuck projects.

4) Coal ministry ready with auction details for Union Cabinet nod.

5) Aurobindo Pharma highest bidder for Natrol.

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

 

Currency Market Headlines

1) Consumer prices rose 5.52 percent in October from a year earlier, the Statistics Ministry said, after a 6.46 percent increase the previous month. That was the slowest pace since the index was created in January 2012.

2) The yen advanced from the weakest level in seven years versus the dollar after Japanese official’s downplayed speculation Prime Minister Shinzo Abe was considering dissolving parliament and postponing a sales-tax increase.

3) Brazil’s real dropped for a second day as the administration of President Dilma Rousseff asked Congress to authorize eased fiscal rules after posting the biggest budget deficit in more than a decade.

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

Commodity Key Headlines

1) Corn Extends Climb With Soybeans as Arctic Blast Heads for U.S.

2) Why Fewer U.S. Cows Means Higher Costs for Leather Bags.

3) Nickel Leads Metals Lower Before China Industrial Data.

4) Cash-Burning Bets on Oil Rebound Surge in U.S. ETF Market.

5) Oil Tankers Stream toward China as Price Drop Sparks Boom.

6) Strike-Hit South Africa Braces for More Turmoil.

7) Dow Chemical to Sell Angus Unit for $1.22 Billion.

8) Brent Falls Below $80 For First Time in 4 Years on Glut.

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

A gauge of the dollar rose to the highest level in a month!

1) A gauge of the dollar rose to the highest level in a month as demand for durable goods in the U.S. increased more than forecast in June, adding to signs the economy is gathering momentum.

2) India’s rupee completed a weekly gain on optimism the nation will attract more capital as limits on inward investment in government debt and the insurance business are relaxed.

3) West Texas Intermediate headed for the third weekly decline this month amid speculation that rising U.S. gasoline stockpiles signal reduced demand in the world’s biggest oil consumer. Brent was steady in London.

Gold Extends Drop as Russia to Gaza Assessed With U.S. Economy.

1) McDonald’s Supplier Recalls Meat in Expired Food Scandal.

2) Copper Holds Losses as Freeport Set to Resume Indonesia Exports.

3) McDonald’s Food Supplier OSI Recalls Shanghai Products.

4) Gold Extends Drop as Russia to Gaza Assessed With U.S. Economy.

5) China Taking on Hitachi as 17-Year-Old Rare Earth Patent Lapses.

6) World’s Best Mining Debt Defies Gold Woe in a Volcano.

7) Cattle-Hog Spread Signals Relief for Record Pork Prices.

8) Central Banks in Russia to Kazakhstan Boost Gold Reserves.

Read detail analysis report here:- http://www.rrfinance.com/Reserch/ResearchHome.aspx

The rupee fell toward a seven-week low!

1) China will allow the Yuan to be exchanged directly for British pounds from today in Shanghai as the world’s second-largest economy promotes the use of its currency in global trade and finance.

2) U.K. government bonds advanced for the first time in five days as minutes of the Bank of England’s June 4-5 meeting showed no policy makers voted to raise the benchmark interest rate from a record low.

3) The rupee fell toward a seven-week low on concern India’s trade balance will deteriorate and inflation will quicken as violence in Iraq boosts oil prices.

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

South Korea’s won rose to the strongest level in almost six years

1) The yen dropped against higher-yielding counterparts after Japan had a smaller current-account surplus than economists predicted and record-low foreign-exchange volatility curbed demand for haven assets.

2) South Korea’s won rose to the strongest level in almost six years as stimulus by the European Central Bank and better-than-expected U.S employment data supported demand for riskier assets.

3) Argentina’s efforts to stabilize the peso are being undercut by the 100,000 soccer fans Brazil is expecting to travel across the border to see the national team led by Lionel Messi try to win a third World Cup title.

Debt Market Key Headlines

1) India will likely raise the foreign investment limit in government debt soon, as almost all the allocation has already been taken up as overseas buyers pile into the country's financial markets, said four officials with direct knowledge of the government's thinking. The current cap is 995.46 billion rupees ($16.86 billion).

2) Foreign investors have poured in a staggering Rs. 19,772 crore ($3.35 billion) into the Indian debt market in May - the highest monthly inflow in about two and a half years.

Read detail analysis report here: - http://www.rrfinance.com/Reserch/ResearchHome.aspx

Ruble Gains as Putin Orders Troop Pullback!

The Indian rupee snapped a four-day gaining streak on Tuesday, retreating from 11-month highs hit in the previous session after oil importers rushed in to buy dollars, while a rally in domestic shares slowed after powerful recent gains. Intervention from the Reserve Bank of India has been capping broader gains for the local currency, dealers said, as the central bank builds up currency reserves and is drafting a game plan to protect the rupee against the sort of rout that alarmed policymakers and investors last year. The partially convertible rupee closed at 58.63/63 per dollar versus 58.59/60 on Monday.
 

 Today’s Headlines

1) Indian Rupee Snaps Four-Day Advance on Dollar Demand
2) Aussie Slides after RBA Minutes as Euro Falls
3) Ruble Gains as Putin Orders Troop Pullback
4) U.K. Bonds Drop a Third Day as Pound Rises After Inflation Data
5) ECB Said to Weigh Fed-Style Meeting Schedule on Policy

Read detail 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

The Indian rupee fell slightly!

The Indian rupee fell slightly on Wednesday, retreating from a one-month high hit earlier as a sharp fall in local shares and good dollar demand from oil importers offset corporate greenback sales and a lift from stronger Asian currencies.  Although the rupee rose to as high as 59.96 earlier in the session, its highest since April 9, on the back of a large corporate dollar sale, traders said sentiment remains cautious ahead of the outcome of the national elections on May 16, while exit polls will start to be disclosed on Monday. The partially convertible rupee closed at 60.135/145 per dollar compared with its previous close of 60.11/12.

Today’s Headlines

1) Pound Climbs to Nine-Week High Against Euro before BOE Decision.
2) Poland Holds Rate at Record Low as Ukraine Woes Threaten Growth.
3) Yen Advances to Three-Week High as Stocks Slump; Kiwi Declines.
4) Dollar Falls to Lowest Since October on Lower Yields.

Find full report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf

Pound Rises to 4-Year High on Growth Bets, Takeover Deals

The rupee ended little changed on Monday, retreating from a one-week high hit earlier in the session as domestic shares fell for a second consecutive session and as caution prevailed ahead of the Federal Reserve's meeting this week. Flows were dominated by large month-end dollar demand from oil companies, although that was offset by strong selling of the U.S. currency by a large engineering firm earlier in the day. Trading in the rupee is expected to remain range-bound with investors monitoring global factors such as tensions in Ukraine, as well as foreign flows into domestic markets, all while the outcome of elections looming next month.

Today’s Headlines

1) Rupee near One-Week High on Speculation Exporters Sold Dollars
2) Emerging Currencies Gain as Ukraine Tension Eases; Yen Declines
3) Brazilian Real Advances from Three-Week Low as GDP Outlook Rises
4) Pound Rises to 4-Year High on Growth Bets, Takeover Deals
5) Gold Bulls Return in Time for Rally on Ukraine Tensions

Read detail analysis report here:-http://inspiration.entrepreneur.com/clipper/rahul.saxena/entrepreneurs-109144/45765.html

Rupee Strengthens to Eight-Month High on Capital Inflows!

The Indian rupee retreated after earlier hitting its highest level in eight months on Wednesday as importers rushed in to buy dollars, while traders also speculated about possible central bank intervention. The rupee has remained supported by a powerful rally in Indian shares, which touched a record high for an eight consecutive session on Wednesday, on the back of strong foreign inflows. Sentiment was also supported after the Reserve Bank of India kept interest rates on Tuesday as widely expected as it shifts to growth from boosting inflation.

Today’s Headlines

1) India’s Rupee Strengthens to Eight-Month High on Capital Inflows
2) Dollar Strengthens to Two-on the High against Yen
3) High-Frequency Traders Chase Currencies as Stock Volume Recedes
4) Australia’s April 2033 Bond Auction Draws Most Bids in 4 Months
5) Ford to Cut About 950 Jobs in Russia on Weakening Ruble

Read detail analysis report here:- http://www.quora.com/Rahul-Prasad-12/Posts/Rupee-Strengthens-to-Eight-Month-High-on-Capital-Inflows

Traders expect the unit to hold in a 59.50 to 61.00 range!

The Indian rupee snapped its four-day rising streak on Thursday as month-end dollar demand from importers, particularly oil firms, hurt while concerns about central bank intervention also prompted investors to refrain from shorting the dollar. The central bank has been suspected to have bought dollars aggressively over the last two trading sessions to shore up its foreign exchange reserve and prevent a massive appreciation in the local unit which could be detrimental to export growth. Traders expect the unit to hold in a 59.50 to 61.00 range in the near term.

Today’s Headlines

1) N.Z. Dollar Advances to Highest Since 2011
2) Pound Gains a Fourth Day as Retail Sales Rise More than Forecast
3) Gold Imports by India Seen Rebounding by Billionaire Jeweler
4) WTI Trades Near One-Week High as Cushing Inventories Fall

Read detail analysis report here:- http://www.quora.com/Rahul-Prasad-12/Posts/Traders-expect-the-unit-to-hold-in-a-59-50-to-61-00-range

Indian rupee rallied to an eight-month high!

The Indian rupee rallied to an eight-month high, boosted by continued foreign fund inflows into domestic shares, but suspected dollar purchases by the central bank prevented the currency from gaining much further. The RBI has long been expected to start buying dollars when the rupee strengthens to add to foreign exchange reserves of $297.29 billion-the highest since late December 2011. The central bank's Dollar purchases would reflect the strength of a rupee rally. The RBI had to regularly buy the domestic currency just about half a year ago to keep it from hitting record lows.

Today’s Headlines

1) India’s Rupee Climbs to Eight-Month High on Election Optimism
2) Aussie Rises to 4-Month High; Franc Falls
3) Pound Advances against Euro as Weale Says Rates Should Increase
4) Gold Trades above Five-Week Low as Ukraine, Weighed

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

Dollar Set for Biggest Weekly Gain in Two Months

The Indian rupee rose the most in two weeks on Friday to gain 0.5 percent for the week on the back of strong foreign flows into domestic markets even as other emerging Asian currencies buckled over concerns about U.S. interest rates and China's weakening yuan. Foreign funds have poured in $3.8 billion in domestic equities and bonds in March, sending indexes to record highs on Tuesday. The partially convertible rupee closed at 60.895/905 per dollar, stronger than Thursday's close of 61.34/35, scoring a third weekly gain in four. It gained 0.7 percent in the session, its biggest daily gain since March 6

Today’s Headlines

1) Dollar Set for Biggest Weekly Gain in Two Months.
2) Asia Currencies Slide in Week on Fed Outlook.
3) U.S. Keeps AAA by Fitch, Outlook Raised on Debt Pact.
4) Pound Set for Biggest Weekly Drop in 4 Months as Policy Diverges.
5) India’s Rupee Rebounds as Improving Economy.

Read detail analysis report: - http://rrfcl.weebly.com/1/post/2014/03/dollar-set-for-biggest-weekly-gain-in-two-months.html

Market Outlook- ONGC inducts third offshore supply vessel!

The 50-share Nifty index is expected to open flat following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological level of 6200 levels. Stocks in news are ONGC, GlaxoSmithKline, GATI, Ashok Leyland and Sobha Developers.

Today’s Headlines

1) SBI hikes base rate by 20 BPS as cost of funds shoots up.
2) Bhutan asks India to expedite development of more hydro power projects.
3) Drug companies, distributors slugfest over margins.
4) Canadian hotel chain Four Seasons Hotels and Resorts to scale up in India.
5) ONGC inducts third offshore supply vessel.

Read detail analysis report:- http://www.quora.com/Rahul-Prasad-12/Posts/ONGC-inducts-third-offshore-supply-vessel

The index is expected to retest its crucial psychological level of 6200 levels!

The 50-share Nifty index is expected to open flat following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological level of 6200 levels. Stocks in news are ONGC, GlaxoSmithKline, GATI, Ashok Leyland and Sobha Developers.

Today’s Headlines

1) SBI hikes base rate by 20 BPS as cost of funds shoots up.
2) Bhutan asks India to expedite development of more hydro power projects.
3) Drug companies, distributors slugfest over margins.
4) Canadian hotel chain Four Seasons Hotels and Resorts to scale up in India.
5) ONGC inducts third offshore supply vessel.

Read detail analysis report: - http://rrfinance.tumblr.com/post/66255493446/the-index-is-expected-to-retest-its-crucial

Market Outlook - Tracking the momentum!

The 50-share Nifty index is expected to open flat on Thursday tracking muted trend seen in other Asian markets ahead of October F&O expiry. Tracking the momentum, the index is expected to retest its crucial psychological level of 6200-6250 in trade today. Stock in news are Adani Enterprises, ALBK, Alstom T&D India, Bank of Baroda, Cadila Healthcare, DRL, EIH Associated Hotels, GTL, Jindal Saw, Muthoot Finance, Sesa Sterlite, Tube Investments and UBI.

Today’s Headlines

1) Tata to instal 15,000 ATMs in the next 3 years.
2) Banks' loans, deposits grow slower vs RBI's FY14 estimate.
3) No fresh investments unless all approvals in writing: JSPL.
4) Liberal M&A policy in telecom sector likely soon: Kapil Sibal.
5) India wants more FDI from US for aviation sector: Ajit Singh

Read detail analysis report here: - http://www.quora.com/Rahul-Prasad-12/Posts/Market-Outlook-Tracking-the-momentum

Federal Bank gets FIPB nod to raise foreign shareholding!

The 50-share Nifty index is expected to open lower on Friday following negative trend seen in other Asian markets, while investors will keep a close eye on Idea Cellular which reported its quarterly results post market hours on Thursday. Stocks in news are Idea Cellular, GSFCL, GAIL, TVS Motors, ITC, ICICI Bank, Shoppers Stop, Wockhardt, Power Grid, JK Tyre, Biocon and Deepak Fertiliser.

Today’s Headlines

1) SKS Promoter entity plans to move Company Law Board against SKS Microfinance.
2) Federal Bank gets FIPB nod to raise foreign shareholding.
3) Brace for more power cuts as Phailin hits coal supplies.
4) Trai's bias might end the road for CDMA operators: Auspi.
5) Jet Airways plans to raise $300 million to replace its high cost rupee debt.

Read detail analysis report here: - http://www.quora.com/Rahul-Prasad-12/Posts/Federal-Bank-gets-FIPB-nod-to-raise-foreign-shareholding-2

Market wrap-up-Auto stocks slide!

Key benchmark indices hovered in negative zone in mid-morning trade. The S&P BSE Sensex was down 137.54 points or 0.66%, up 28.77 points from the day's low and off 177.05 points from the day's high. The market breadth, indicating the overall health of the market, was negative. Auto stocks edged lower. Hero MotoCorp rose ahead of its quarterly earnings today, 23 October 2013. Cadila Healthcare rose after the company secured USFDA approval for initiating Phase I clinical trials of ZYDPLA1 --a novel next generation orally active, small molecule DPP-4 inhibitor to treat Type 2 diabetes.

Who Moved and Why

1) Cadila Healthcare in the pink of health.
2) Yes Bank gains over 5% in two sessions.
3) Eros International gains after strong Q2 results.
4) V-Guard drops after weak Q2 numbers.
5) Gujarat Pipavav Port soars after robust Q3 numbers.
6) Gujarat Fluoro chemicals drop after poor Q2 results.
7) Wipro tumbles after Q2 results.
8) Cairn India drops after Q2 results.

Read detail analysis report here: - http://rrfinance.tumblr.com/post/64853350499/market-wrap-up-auto-stocks-slide

Market Outlook - FIIs, global pension funds!

The 50-share Nifty index is expected to open lower on Tuesday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological support level of 6,150 in trade today. Stocks in news are M&M Finance, TCS, Cairn India, ING Vysya Bank, Wipro, Yes Bank, DHFL, ONGC, NMDC, BPCL, Videocon, Polaris Financial Technology, NHPC, Maruti Suzuki and Radico Khaitan.

Today’s Headlines

1) Bank Indonesia to revive India operations after 5 years.
2) Petronas Lubricants to set up first blending plant in India.
3) Reliance Retail plans to enter e-commerce space, compete against Amazon and ebay.
4) FIIs, global pension funds, AMCs rush to take a bite of Idea Cellular's Rs 3,000 cr QIP.
5) Privatisation of six major airports likely ahead of LS polls.

Read detail analysis report here: - http://www.quora.com/Rahul-Prasad-12/Posts/Market-Outlook-FIIs-global-pension-funds


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Market Outlook - The Indian rupee rose on Thursday!

The Indian rupee rose on Thursday, snapping two days of falls, tracking gains in riskier emerging market assets after the U.S. Congress struck a deal to avert a debt default, although falling domestic shares capped further gains. The deal failed to buoy the dollar, which fell against a basket of currencies as investors worried about the economic impact from the more than two-week U.S. government shutdown.

Today’s Headlines

1) Dollar Drops Amid Bets Fed Won’t Slow Stimulus Soon
2) Canadian Dollar Reaches One-Week High on Fed Stimulus Wagers
3) Pound Rises Most in Four Weeks after Retail Sales; Gilts Advance
4) Euro Capitals Tighten Fiscal Leash as EU Polices Cuts
5) Brazil Says Current Pace of Key Rate Increases Adequate
6) Treasury Yields Fall to Lowest in Week on Bets Fed Keeps Buying

For detail analysis report please visit: - http://www.quora.com/Rahul-Prasad-12/Posts/Market-Outlook-The-Indian-rupee-rose-on-Thursday

Overseas acquisition will not drag growth:- Shriram Capital!

Indian markets are expected to open on a muted note on Thursday as the impasse over the debt ceiling in Washington continued with no sign of progress toward a resolution. The key support level for the index is placed at 6,043 levels. Stocks in news are Bajaj Auto, HCL Technologies, Axis Bank, DB Corp, Tata Global Beverages, Apolo Tyres, ONGC, AB Nuvo and Financial Technologies.

Today’s Headlines

1) Citi India consumer loans grow by 7.4% at $7.1 bn in Q3.
2) Overseas acquisition will not drag growth: Shriram Capital.
3) CCI's involvement may not make path for NHPC's Rs 16,000 crore Dibang project.
4) Vedanta seeks fresh blessing for $3.5 bn India buyout offers
5) Healthcare IT sector raised $737 mn via VC funding in Q3.

For detail analysis report please visit: - http://rrfinance.tumblr.com/post/64276324778/overseas-acquisition-will-not-drag-growth-shriram