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

Hero MotoCorp plans 6th plant, scouts for site in South India!

The 50-share Nifty index is expected to open flat on Wednesday following muted trend seen in other Asian markets. Tracking the momentum, the index may retest its crucial psychological level of 7,600 in trade today. Stocks in news are Reliance Ind, Bharti Airtel, SAIL, Hero MotoCorp, Kotak Mahindra, MTNL, Tata Steel, Cipla and Spice Jet.

Today’s Headlines

1) ICICI Securities ties up with CIBIL to provide CIBIL TransUnion score.
2) Hero MotoCorp plans 6th plant, scouts for site in South India.
3) Hindustan Motors asked to submit revival package for its closed Uttarpara plant by Jun 19.
4) Microsoft Ventures may invest in Hyderabad startup NowFloats for India foray.
5) Generating companies stay away from bidding for two key ultra mega power projects.

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

RBI's liquidity coverage rule may adversely affect some banks!

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 may retest its crucial psychological support level of 7,500 in trade today. Stocks in news are DLF, Yes Bank, Tata Power, Essar Steel, Lupin, Sesa Sterlite, Mahindra Lifespace, NBFC Stocks, ONGC and Hindustan Zinc.
 

 Today’s Headlines

1) RBI's liquidity coverage rule may adversely affect some banks.
2) Asian Paints Ltd to buy Ess Ess Bathroom's front-end sales business.
3) Oil Ministry may cap ethanol blending in petrol at 10%.
4) Larsen & Toubro Construction bags Rs 1,027 crore orders.
5) Tata Housing to spend Rs 3,000 cr to buy land across major cities.

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

GMR Infra drops on buzz of fund raising via QIP!

Not much of action seen on Dalal Street with a bit of prof booking. The Sensex was down 37.69 points at 25190.48 and the Nifty was down 8.55 points at 7533.55. GAIL, TCS, Sun Pharma, Infosys and BHEL were top gainers in the Sensex. Among the losers were Axis Bank, M&M, L&T, HDFC and Tata Motors.

 Who Moved and Why

1. Granules India gains after paracetamol unit passes USFDA inspection.
2. Titagarh Wagons gains after foraying into biz.
3. Central Bank of India gains after fixing price for preferential allotment.
4. Nitesh Estates gains after signing a new development project.
5. GMR Infra drops on buzz of fund raising via QIP
6. Dish TV surges after recent slide.
7. Yes Bank firms up after good advance tax numbers

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

New Zealand’s dollar surged the most in four months

Cuurency Today’s Headlines

1) New Zealand’s dollar surged the most in four months after the central bank raised interest rates and flagged further increases, boosting demand for the nation’s currency.

2) The pound appreciated for a seventh day versus the euro, extending the longest run of gains since September, as signs the U.K. economy is accelerating pushed the currency to its strongest level in 18 months.

3) South Korea’s government bonds rallied, pushing the three-year yield down by the most in five months, as the nation’s central bank said a strong won will have an adverse impact on growth.

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

Honda aims to sell 45 lakh motorcycles in FY'15

The 50-share Nifty index is expected to open lower on Thursday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological level of 7600 in trade today. Stocks in news are Siemnes, Ranbaxy Lab, Idea Cellular, Bajaj Finserv, ICICI Bank, HPC, BPCL, IOC, Future Retail and Essar Group.

 

Today’s Headlines

1) Honda aims to sell 45 lakh motorcycles in FY'15.

2) ICICI bank axes 1,200 of its staffers across board to improve efficiency.

3) Canadian Company Brookfield to acquire 100 % and 60 % Unitech’s six Assets.

4) SBI rejects SREI bid for Abhijeet power plant.

5) Ashapura Minechem to buy Orient Abrasive for Rs 400 Crore.

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

U.K. industrial production rose for a third month in April!

1) The yen rose the most in almost a month versus the euro on speculation Bank of Japan stimulus will be sufficient to boost the economy while the European Central Bank will expand currency-debasing measures to revive growth.

2) U.K. industrial production rose for a third month in April, driving the annual increase to the biggest since 2011. Output rose 0.4 percent from March, when it gained a revised 0.1 percent, the Office for National Statistics said.

3) The gap between West Texas Intermediate and Brent narrowed to the least in almost two months as U.S. crude stockpiles were forecast to fall and Ukraine said peace talks with Russia yielded progress.

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