Debt Market Key Headlines

1) Oil prices dropped early on Wednesday as Asia's top economies showed signs of weakness, but hopes for output cuts by producer club OPEC curbed losses.

2) U.S. Treasuries yields fell on Tuesday, with long-dated ones hitting their lowest in over a month, after a strong auction of five-year notes and a single major bid for long-dated U.S. debt.

3) India could give banks more flexibility to restructure distressed loans in a bid to steer funding towards cash-strapped infrastructure projects, Reserve Bank of India (RBI) Governor Raghuram Rajan said on Tuesday.

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

A maker of McVitie’s to expand product portfolio in India

The 50-share Nifty index is expected to open flat on Thursday following muted trend seen in other Asian markets ahead of November F&O expiry. Stocks in news are ONGC, NMDC, MRF, BoB, Crompton Greaves, SpiceJet, Texmaco Rail & Engineering, Cox & Kings, Tata Power and Ranbaxy Laboratories.

Today’s Headlines

1) Mercedes to rev up India sales with launch of C200 petrol sedan; CLA sedan coming next year.

2) Western Union keen to apply for payments bank license.

3) A maker of McVitie’s to expand product portfolio in India.

4) Report on ONGC-RIL gas row expected by June: Dharmendra Pradhan.

5) Government likely to auction 49 coal blocks to private companies in pilot round.

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

Stocks in news: Ranbaxy, Texmaco Rail, ILandFS Engg

The Indian equity market is likely to open flat today. Global cues, meanwhile, are positive with the US markets ending higher with the Dow and S&P 500 closing at record highs. European market too closed with gains on upbeat data from Germany. Asian markets too are reflecting the positivity trading in the green.

Today’s Headlines

1) S&P 500, Dow end at record highs, boosted by healthcare

2) Shell goes Vodafone way, gets Bombay HC relief in tax case

3) Economy may expand at 5.6% in FY15: Fitch

4) Stocks in news: Ranbaxy, Texmaco Rail, ILandFS Engg

5) FII investments via P-Notes surges to $43bn in Oct 6

6) JP Associates gets CCI nod to sell unit to Shree Cements

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) Gold rises on coattails of firming euro.

2) Gold rallies $20 to trade above $1,200 on weaker U.S. dollar.

3) Gold import surge: India to announce curbs soon.

4) India fetches $1bn from US Exim bank to boost Clean Energy sector.

5) India Commexes' turnover drops by 52% in April-Oct.

6) Crude Oil price slump hurts India Rubber farmers.

7) Winter likely to turn crucial for Nat Gas: Barclays.

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

Trading Houses May Sit on $13 Billion Risk, Daiwa Says

Commodity Market Key Headlines

1) Gold Extends Rebound From 2014 Low as China Returns From Break.

2) Shale Boom Tested as Sub-$90 Oil Threatens U.S. Drillers.

3) Morgan Stanley Boosts Aluminum Forecast on Demand ‘Tailwind’.

4) Coffee Crop in Vietnam Expanding to Almost Match Record.

5) Trading Houses May Sit on $13 Billion Risk, Daiwa Says.

6) Glencore-Rio Has Industry Evaluating Future: Real M&A.

7) Cliffs Cut to Junk by S&P after Plunge in Iron Ore Price.

8) WTI Closes at 17-Month Low on Supply Outlook; Brent Drops.

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

The 50-share Nifty index is expected to open lower on Wednesday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological support level of 7840 in trade today. Stocks in news are Can Fin Homes, Canara Bank, KTK, Neyveli Legnite, Coal India, L&T, DLF, IVRCL, Texmaco Rail & Engineering, RIL and Punj Lloyd.

Today’s Headlines

1) M&M to acquire 51% stake in Peugeot Motorcycle for Rs 216 crore.

2) Trident Ltd to invest Rs 2,400 crore in Madhya Pradesh textile project.

3) M3M India awards Rs 133 crore contract to German kitchen appliance maker Miele.

4) REIL proposes solar panel manufacturing unit in Andhra Pradesh.

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

Currency Key Headlines

1) The euro slipped versus the majority of its 16 main peers as German industrial production fell the most since 2009, underscoring the risk of a slowdown that may pressure the European Central Bank to expand stimulus.

2) Russia’s central bank spent at least $1.68 billion to prop up the ruble over the last two trading days, its biggest intervention since President Vladimir Putin’s incursion into Ukraine in March.

3) The pound rose the most in three weeks versus the euro as U.K. manufacturing grew for a third month in August, while German industrial output shrank, adding to signs Britain’s recovery is outpacing that in Europe.

For more information please visit:- http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf

USFDA gives nod to Indoco Remedies facilities in Goa!

The 50-share Nifty index is expected to open higher on Tuesday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7700 in trade today. Stocks in news are Idea Cellular, Exide Indu, Hindustan Zinc, Thermax, Axis Bank, Tata Power, Adani Power, Reliance Ind, Alstom T&D, Maruti Suzuki, Texmaco Rail & Engineering, GAIL, DLF and ROLTA.

Today’s Equity Headlines

1) Porsche launches much awaited compact SUV Macan in India at Rs 1 crore to Rs 1.1 crore.

2) Financial Technologies India Ltd to sell 24.89% stake in IEX, appoints Axis Capital to look for a buyer.

3) Adani, Tata to charge higher tariffs, claim arrears from state utilities.

4) USFDA gives nod to Indoco Remedies facilities in Goa.

5) Domestic auto parts companies' FY14 turnover falls as Chinese imports play spoilsport.

Currency Market Headlines

1) The pound was about 0.6 percent from a five-year high versus the dollar amid bets a cooling housing market will not be enough to prevent the Bank of England from being the first major central bank to increase interest rates.

2) New Zealand’s dollar advanced the most in more than a week amid bets the nation’s central bank will raise borrowing costs this week, further increasing the highest benchmark rate in the developed world.

3) Brazil’s longer-term swap rates fell as economists lowered their 2014 growth estimate to below 1 percent for the first time, adding to speculation policy makers will limit further increases in borrowing costs.

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