Tata Motors' Jaguar Land Rover plans to set up factory in US

The 50-share Nifty index is expected to open higher on Monday following positive trend seen in other Asian markets and SGX Nifty. Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7,900 in trade today. Stocks in news are IOC, HPCL, BPCL, Infosys, IFCI, ITC, Central Bank of India, IDBI Bank, Coal India, MOIL, JSPL, Canara Bank and Tata Motors.

Today’s Headlines

1) Tata Motors' Jaguar Land Rover plans to set up factory in US.

2) Three fund houses in race to manage Rs 69,000 crore coal miners' PF corpus.

3) Insurance claims pouring in from cyclone-hit Andhra Pradesh and Odisha.

4) RBI allows Repco Home Finance to raise foreign shareholding to 49%.

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

Debt Market Key Headlines

1) Overseas investors have pumped in about Rs 13,000 crore in the Indian debt market so far this month, endorsing the country's growth potential and political stability. This takes the total investment in the debt market to around Rs 99,000 crore so far this year.

2) A host of foreign investors and funds will be meeting corporate leaders in India next month, the first time since the global financial crisis, signifying changing perception about the country's growth potential.

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

Commodity Key Headlines

1) Hedge Funds Cut Bullish Bets on Crude as Prices Tumble.

2) Corn Extends Drop as Dry Weather Seen Aiding Record U.S. Harvest.

3) Guinea Says Ebola Spreads to Regions Near AngloGold Mine.

4) Deeper Oil Slump a ‘Disaster’ Risk for Australian LNG Projects.

5) Oil Workers Earning $179,000 Expose Norway to Crude Crash.

6) Oil Drop Outpacing Ruble Strains Russia Budget: Chart of the Day.

7) Texas Roughnecks Overrun Best Western as Boom Lives On.

8) The $2 Trillion Megacity Dividend China’s Leaders Oppose: Cities.

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

Currency Market Headlines

1) The Indian government named former International Monetary Fund official Arvind Subramanian as its new chief economic adviser, a position left vacant for a year after Raghuram Rajan was appointed central bank governor.

2) Russia’s credit rating was cut to the second-lowest investment grade by Moody’s Investors Service, which cited sluggish growth prospects worsened by the crisis in Ukraine and international sanctions.

3) Brazil’s real advanced for the first time in four days on speculation opposition candidate Aecio Neves’s performance in a presidential debate yesterday will give him momentum as the election runoff approaches.

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

Maruti appoints RS Kalsi as head of domestic sales & marketing!

The 50-share Nifty index is expected to open higher on Friday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to head toward its crucial psychological level of 8150 in trade today. Stocks in news are Tata Group, Bharti Airtel, Tech Mahindra, Maruti Suzuki, Reliance Industries, ICICI Bank, L&T, Infosys, M&M, Ranbaxy, Cipla, GMR Infra, ITC, Bajaj Electricals and NMDC.

Today’s Headlines

1) Maruti appoints RS Kalsi as head of domestic sales & marketing.

2) China President Xi's India Visit: Chinese lenders ink pacts with SBI, ICICI and Axis Bank.

3) HUL to set up 14 new consumers clusters to drive growth across smaller, fast-growing markets.

4) After 2 rejects, Dibang hydro plant set to get environmental clearance.

5) Cogent Glass' Rs 200-crore plant comes up in Telangana.

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

Debt Market Key Headlines

1) Overseas investors have pumped in about Rs 13,000 crore in the Indian debt market so far this month, endorsing the country's growth potential and political stability. This takes the total investment in the debt market to around Rs 99,000 crore so far this year.

2) A host of foreign investors and funds will be meeting corporate leaders in India next month, the first time since the global financial crisis, signifying changing perception about the country's growth potential.

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

Debt Market Headlines

1) India’s rupee gained as foreign funds increased holdings of the nation’s assets and exporters appeared to repatriate earnings to benefit from the currency’s slide to a one-month low.

2) The yen fell to a six-year low against the dollar as the Federal Reserve yesterday raised its target-rate forecast, underpinning the divergence in monetary policy between the two nations.

3) The pound strengthened to the highest level versus the euro in two years as the Scottish electorate voted on whether to end its three century-old union with the U.K.

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

Maruti Suzuki postpones car manufacturing project in Gujarat by a year!

The 50-share Nifty index is expected to open flat on Friday following muted trend seen in other Asian markets. Tracking the momentum, the index may head lower but has a strong support around 8,060 levels. Stocks in news are Sun Pharma, Ranbaxy , Tech Mahindra, SAIL, NTPC, Infosys, Reliance Communications, Info Edge India and Petronet LNG.

Today’s Headlines

1) Maruti Suzuki postpones car manufacturing project in Gujarat by a year.

2) True School of Music plans to raise $ 20 million.

3) PAMP to set up duty free gold shop at Indira Gandhi International Airport.

4) Doosan Corporation bids lowest for NTPC's Katwa project.

5) Hearing on environment clearance to Machchakata coal block cancelled.

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

Key Headlines

1) Overseas investors have pumped in about Rs 13,000 crore in the Indian debt market so far this month, endorsing the country's growth potential and political stability. This takes the total investment in the debt market to around Rs 99,000 crore so far this year.

2) A host of foreign investors and funds will be meeting corporate leaders in India next month, the first time since the global financial crisis, signifying changing perception about the country's growth potential.

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

Commodity Key Headlines

1) Gold Declines with Silver to 12-Week Low as Dollar Strengthens.

2) Japan Aluminum Buyers Said to Pay Record Fee on Output Cut.

3) 'Worst Case' BP Ruling on Gulf Spill Means Billions More in Penalties.

4) China Policy Spurs Rooftop Solar in World’s Top Market.

5) Gold Slides to 11-Week Low as Rising Dollar Cuts Demand.

6) Goldwind Sees Demand to Sell Turbines Directly to Users.

7) Recycling Drives Japan Scrap past LME Aluminum: Chart of the Day.

8) Saudi Arabia Oil Sales to U.S. Imperiled by Shale Boom.

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

Today’s Headlines

1) The euro dropped below $1.30 for the first time since July 2013 after the European Central Bank unexpectedly cut its main refinancing rate to a record 0.05 percent and introduced additional stimulus.

2) A gauge of expected swings in India’s rupee fell to a one-month low on signs growth in Asia’s third-biggest economy is picking up and as Russia agreed to a cease-fire with Ukraine.

3) Emerging-market currencies strengthened, bonds from Poland to Turkey gained and stocks advanced for a second day as the European Central Bank cut all three policy rates.

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

TV makers happy with Budget 2014!

The 50-share Nifty index is expected to open flat on Friday following muted trend seen in other Asian markets.  Tracking the momentum, the index is expected to retest its crucial psychological level of 7,550 in trade today. Stocks in news are Infosys, COAL India, Tata Motors, Kotak Mahindra, GMR Infrastructure, IL&FS Engineering & Construction and Britannia Industries.

Today’s Headlines

1) Government rationalizes duty on all diamonds at 2.5 per cent.
2) Clean energy cess hiked to Rs100 per tonne; Coal India to pay up to Rs 5200 crore.
3) Rs 700 crore allocated for power, water sector reforms in Delhi.
4) Ban-hit Goa mining industry sees ray of hope in Budget.
5) Free drugs, diagnosis to ensure 'Health for All' priority, says govt.
6) TV makers happy with Budget 2014, see boost in domestic production.

Currency Headlines

1) India’s stocks sank to a two-week low, bonds fell and the rupee weakened as renewed concern about Europe’s banking system overshadowed Finance Minister Arun Jaitley’s plan to achieve the lowest budget deficit since 2008.

2) The euro snapped a three-day climb versus the dollar as a Portuguese bank’s missed debt payments raised concern the region’s financial stability remains vulnerable as it emerges from the sovereign-debt crisis.

3) Malaysia raised its key interest rate for the first time since May 2011 after economic growth accelerated and as the central bank seeks to curb the risk of financial imbalances. 

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

Genesis Luxury in tie-up with G-Star RAW for India market!

The 50-share Nifty index is expected to open flat-to-higher on Thursday following muted trend seen in other Asian markets. However, the outcome of the Union Budget 2014 is likely to give further direction to market movement in trade today. Stocks in news are Bharti Airtel, JSW Steel, KFA, Indiabulls Group, Tata Teleservices, Infosys, GMR Infrastructure, Lupin and Subex.

Today’s Headlines

1) Car companies like Hyundai Motor India and others may extend good run indicates SIAM data.

2) Volkswagen Pune plant to cut on energy, water consumption.

3) Indiabulls partners Sameer Gehlaut, Saurabh Mittal and Rajiv Rattan to divide operations.

4) Genesis Luxury in tie-up with G-Star RAW for India market.

5) Lupin, Unichem Laboratories among global companies fined by European Commission. 

Currency Market Headlines

1) Expectations for swings in India’s rupee climbed to the highest this month before Prime Minister Narendra Modi’s government presents its first budget tomorrow.

2) The yen weakened against all but two of its 16 major peers. China’s yuan rose to the strongest level in three months.

3) Indonesia’s rupiah forwards jumped the most since February and dollar bonds advanced as Joko Widodo said unofficial counts at polling booths showed him winning the presidential race.

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

Banks rush to dump their bad loans

The 50-share Nifty index is expected to open higher on Monday following positive trend seen in other Asian markets. Tracking the momentum, the index has immediate support at 7500 and below that 7400 is a crucial support level for Nifty. Stocks in news are SBI, BOB, IOB, Reliance Ind, Infosys, GAIL India, COAL India and NTPC.

Today’s Headlines

1) Anti-lock braking made mandatory in commercial vehicles from April.
2) Banks rush to dump their bad loans, make a beeline to ARCs.
3) Diageo's market share increases to 17%; buoyed by access to the sales network of United Spirits.
4) Cigarette makers urge government to not increase excise duty.
5) 2 senior GAIL officials suspended over Andhra Pradesh pipeline mishap.

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

IDFC to shave off infrastructure loans to meet RBI norms

The Nifty is likely to open on a flat note in absence of supportive cues from Asian peers. The trade is likely to turn choppy as the session progresses and rate sensitives will be in action ahead of RBI policy for direction. Stocks in news are L&T, Infosys, Aurobindo, Financial Tech, AstraZeneca Pharma, MTNL, Bayer Crop, PIpavav Defence and SAIL.

 Today’s Headlines
1) Volkswagen studying possibility of introducing a budget brand for Indian market.
2) Hero MotoCorp sales up by 8 per cent in May.
3) IDFC to shave off infrastructure loans to meet RBI norms.
4) Reliance Industries Ltd rejigs investment portfolio; focus on bonds, deposits.
5) Power deficit doubles in May to 7,000 MW; 20K MW of new thermal capacity still lying idle.
6) Kamdhenu Ispat expects 20% revenue growth this fiscal.

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

Maruti Suzuki aims to grow at 10% in FY15 on rural boost

The 50-share Nifty index is expected to open higher on Friday, following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7,300 in trade today. Stocks in news are UCO Bank, MCX, JSW Steel, Spice Jet, Renuka Sugars, Sks MicroFinance, Reliance Comm, Infosys and SBIN.

 Today’s Headlines

1) Maruti Suzuki aims to grow at 10% in FY15 on rural boost.
2) Isuzu Motors launches 'D Max' in Kerala.
3) IDFC seeks RBI nod for Rajiv Lall as chief of its proposed bank.
4) Everstone Capital picks up 51% stake in Indonesian franchise of Domino's Pizza.
5) Oil & gas cos hope govt will let market decide gas pricing.
6) Teva Pharmaceutical recalls 38,858 bottles of drugs made by Emcure Pharmaceuticals in US market.

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

Foreign institutional investors (FIIs) continued their buying spree

Market scaled fresh lifetime highs, but surrendered most of the gains on profit-booking towards the end of the week on IMF report about slowdown in Indian economy due to "international factors".

Both the bellwether indices, Sensex and Nifty, failed to maintain their all-time highs despite sustained capital inflows. Brokers attributed the rally to investor hopes of a stable government after the forthcoming general elections and economy returning to high growth path. The Reserve Bank of India (RBI), at its April 1 policy meet, left the short-term lending rate, or repo, unchanged at 8 percent and cash reserve ratio at 4 percent. Brokers said the RBI's decision was largely in line with investor expectations and failed to have any major immediate effect on the market.

Foreign institutional investors (FIIs) continued their buying spree, acquiring shares worth a net Rs 5,124.66 crore during the week, including the provisional figure of April 4, as per SEBI data. Realty, consumer durable, metal, pharma, refinery and IT counters attracted good buying interest while FMCG, banking and capital goods stocks suffered losses. Bank stocks fell after the Reserve Bank of India (RBI) clarified that the option for spreading the mark-to-market losses over the three quarters ended on March 31, 2014 and no further extension was allowed,

Key Global Events

Japan investment in Southeast Asia surges amid China slump - Japanese companies' investments in Southeast Asia surged last year to almost three times the amount invested in China, after relations between Beijing and Tokyo soured in 2012 and Chinese labour costs rose; a government agency of Japan said on Friday.

Payrolls Rose in Most U.S. States in March, Led by Florida - Florida led the nation with a 22,900 increase in payrolls, followed by North Carolina with 19,400 more jobs, figures from the Labor Department showed today in Washington. Ohio registered among the biggest declines in joblessness. Gains in hiring will probably help lift consumer confidence and spur household spending, which accounts for almost 70 percent of the economy. The Federal Reserve, in its latest Beige Book review of regional conditions, said the labor market was “generally positive.”

Fortnightly Headlines

1) JSW Steel in talks to buy Welspun unit: reports.
2) Welspun chairman BK Goenka denied that talks were currently on.
3) GlaxoSmithKline Pharma Q1 net profit at Rs965.40 mn.
4) Lok Sabha Elections: Sixth phase to begin on Monday.
5) First process patent granted to Insecticides (India).
6) SAIL Durgapur adds 1-MT refining capacity new Ladle Furnace.
7) Alstom awarded contract by BHEL for the 2x660 MW Banharpalli coal power plant.
8) Liberty Shoes FY 2014 profit zooms 166%.
9) BJP-led NDA will favour India's business interest: Narendra Modi.
10) Glenmark has received from Sanofi already USD 50 Mn as an upfront payment in FY2011-12.
11) Reliance Industries Ltd has posted a net profit of Rs. 56310 mn for the quarter ended March 31, 2014 as compared to Rs. 55890 mn for the quarter ended March 31, 2013.
12) Infosys Senior VP Nithyanandan Radhakrishnan resigns.
13) Tata Sons plans to raise funds.

Read detail analysis report here: -  http://www.flixya.com/blog/5745361/Foreign-institutional-investors-FIIs-continued-their-buying-spree