RBI may allow NBFCs to lend against all categories of shares!

The 50-share Nifty index is expected to open higher on Monday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological level 7,900 in trade today. Stocks in news are ONGC, OIL, Reliance Inds, Jet Airways, FT, GAIL, TCS, ITC, Jindal Steel and Asian Paints.

Today’s Headlines

1) Hero Cycles acquires 60 per cent stake in German bicycle company MIFA.
2) RBI may allow NBFCs to lend against all categories of shares.
3) Jagdishpur-Phulpur-Haldia pipeline project to spur development in Bihar.
4) Jindal Stainless Limited selected for Annual Greentech Safety Award.

Visit:- 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.

View Report here:- http://www.rrfinance.com/reserch/MorningBell/Db_MorningBell.pdf

Commodity Key Headlines

1) Hedge Fund Crude Bets Tumble amid Surging Global Supply.
2) Kurdish Oil Shipments From Turkey Said to Resume as Tanker Loads.
3) California Quake Crumples Buildings as Scores Are Hurt.
4) Gold Drops toward Two-Month Low as Silver Slips to 10-Week Low.
5) U.S. GDP, Housing, Ukraine, Tennis, Emmys: Week Ahead Aug. 25-30.
6) Cheapest Crude since January Cuts Gas to $3.48 a Gallon.
7) Rhodium Rally Pushes Price Past Platinum, Gold: Chart of the Day.
8) Wheat Gains Most in 1 Week as Canada Crop Reduces Supply.

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

World Bank to invest $775 million in clean energy!

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 is expected to open flat, but should be able to pick momentum later in the day and surpass its previous record high of 7758 hit on 04 July. Stocks in news are ONGC, Reliance Ind, PNB, JSW Steel, GVK Power & Infrastructure, IOC, Lupin, Dena Bank, Tata Power and Indian Hotels.

Today’s Headlines

1) Honda Motorcycle & Scooter to add 1,000 customers touch points in current fiscal.
2) IndoStar Capital Finance to now focus on equities.
3) Consumer goods companies' focus on rural markets pays off.
4) Uniform gas price not on the cards: Oil minister Dharmendra Pradhan.
5) World Bank to invest $775 million in clean energy.
6) Ajay Piramal Group set to buy six road projects.
7) Coal Ministry rejects Jharkhand's plea for restoring mine allocation.

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

Reliance, Essar cut crude imports from Middle East!

The 50-share Nifty index is expected to open flat on Thursday following muted trend seen in other Asian markets. Tracking the momentum, the index may retest its crucial psychological support level of 7,400 in trade today. Stocks in news are Trend, JSW Steel, IGL, IDFC, Reliance Capital, KSK Energy, Reliance Industries, JSPL, NMDC and Anjani Portland.

Today’s Headlines

1) Maruti Suzuki delegation meets Gujarat Chief Minister Anandiben Patel.
2) Manipal group scion Ranjan Pai and former Infosys director Mohandas Pai to launch new funds worth $200 million.
3) Reliance, Essar cut crude imports from Middle East.
4) Tata Housing to spend Rs 3,000 cr to buy land across major cities.
5) NMDC ups iron ore prices after Odisha mine closures

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.

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