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