Pound Falls From Near 4-Year High as U.K. GDP Misses Estimates

The Indian rupee strengthened on Tuesday on large dollar sales from companies, including exporters, while gains in Asian currencies helped support sentiment ahead of the outcome of the Federal Reserve's meeting this week. However, broader gains were capped as domestic shares fell for a third consecutive session, retreating from record highs hit on Friday, as momentum waned ahead of the conclusion of general elections next month. Global investors are largely awaiting the outcome of the two-day Federal Reserve's policy meeting on Wednesday, with the U.S. central bank widely expected to continue paring back its bond-buying monetary stimulus.

Today’s Headlines

1) Pound Falls From Near 4-Year High as U.K. GDP Misses Estimates
2) Yen Declines as Signs of Global Recovery Damp Demand; Won Gains
3) Draghi Tells German Lawmakers ECB Bond-Purchases Unlikely
4) Ruble Gains with Russian Bonds on ‘Mild’ Sanctions, Troop Pledge
5) Yellen’s Dots Dash Effort for Greater Fed Clarity on Rate Rises

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

Pound Rises to 4-Year High on Growth Bets, Takeover Deals

The rupee ended little changed on Monday, retreating from a one-week high hit earlier in the session as domestic shares fell for a second consecutive session and as caution prevailed ahead of the Federal Reserve's meeting this week. Flows were dominated by large month-end dollar demand from oil companies, although that was offset by strong selling of the U.S. currency by a large engineering firm earlier in the day. Trading in the rupee is expected to remain range-bound with investors monitoring global factors such as tensions in Ukraine, as well as foreign flows into domestic markets, all while the outcome of elections looming next month.

Today’s Headlines

1) Rupee near One-Week High on Speculation Exporters Sold Dollars
2) Emerging Currencies Gain as Ukraine Tension Eases; Yen Declines
3) Brazilian Real Advances from Three-Week Low as GDP Outlook Rises
4) Pound Rises to 4-Year High on Growth Bets, Takeover Deals
5) Gold Bulls Return in Time for Rally on Ukraine Tensions

Read detail analysis report here:-http://inspiration.entrepreneur.com/clipper/rahul.saxena/entrepreneurs-109144/45765.html

United India eyes Rs 11,000 crore premiums in 2014-15

The 50-share Nifty index is expected to open lower on Monday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological level of 6750 in trade today. Stocks in news are Reliance inds, Exide Indu, IDFC, Essar Steel, Sasken Communications, MCX, Siemens, IL&FS Transportation and Bajaj Auto.

Today’s Headlines

1) Escorts plans to restructure its auto component business.
2) Honda Cars India may launch Mobilo over next two months.
3) Yes Bank board refuses to recognize Madhu Kapur as promoter.
4) United India eyes Rs 11,000 crore premiums in 2014-15.
5) Minority investors in Essar Energy appeal to Indian, UK governments.

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

Maruti Suzuki drops after poor Q4 results

Key benchmark indices extended losses and hit fresh intraday low in late trade. The 50-unit CNX Nifty hit its lowest level in more than a week. The market breadth, indicating the overall health of the market was negative.  The market sentiment was hit adversely after the India Meteorological Department (IMD) on Thursday, 24 April 2014, said that the country will likely get below-normal levels of monsoon rain this year. Weakness in Asian and European stocks also hit sentiment on the domestic bourses adversely. The BSE sensex closed at 22688.07 and 188.47 point down.

Who Moved and Why

1) Cera Sanitary ware jumps after strong Q4 earnings.
2) Exide Industries slides after weak Q4 outcome.
3) Maruti Suzuki drops after poor Q4 results.
4) Maruti Suzuki slips after poor Q4 earnings.
5) ICICI Bank slips after Q4 earnings.
6) TTML soars as Docomo to sell stake in Tata Teleservices.
7) Granules India hits record high after stellar Q4 earnings.
8) ALSTOM India, Alstom T&D India in demand.
9) Bharti Infratel gains after strong Q4 earnings.

Read detail analysis report here: - http://rrfinance.com/Reserch/Pdf/07-July/DMR/25_april_equity_closing_update.pdf

YES Bank Q4 net seen up 12%, asset quality may be stable!

Market has entered oversold zone and cautious trading is recommended and investors should partly book profits in their long positions. Aggressive new longs are not advised. But at the same time short positions should also be avoided. Opening is likely to be flat.  Stocks to watch are Glaxo, Sesa, and Zensar Technologies. Global markets are positive and due to lack of any major events, the expiry may remain less volatile. 

Today’s Headlines

1) Miners don't see Goa mining restart before 1-2 years
2) Zensar Q4 net jumps 41.3% to Rs 55.25 cr
3) Novartis transforms drug biz via deals with GSK and Lilly
4) YES Bank Q4 net seen up 12%, asset quality may be stable
5) NSE ready to extend currency trading hours; awaits SEBI nod
6) Fuel demand grows by 0.7% in FY14; slowest in 12 years
7) Ultratech Cement Q4 PAT may fall 16% to Rs 610 cr: Poll

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

Market Outlook-HDFC Bank Q4: Analysts expect PAT growth at 26%

Nifty is technically in uptrend and may continue in that direction today. Poll sentiments are supporting this uptrend and results are also positive. But Rupee can cause a negative surprise and markets being at all time high can panic. Cautious trading is recommended and investors should partly book profits in their long positions. Aggressive new longs are not advised. But at the same time short positions should also be avoided.  Opening is likely to be flat and HDFC Bank’s Q4 results are to going to be the highlights of the day.

Today’s Headlines

1) SC allows iron ore mining in Goa with upper limit of 20mt
2) PwC forensic audit report may put fat tax liability on MCX
3) Mitsubishi deal to add $300m to revenue in FY15: TCS
4) HDFC Bank Q4: Analysts expect PAT growth at 26%, 16% in NII
5) RBI wary, not against, corp-backed banks: Sources
6) Stocks in news: HDFC Bank, Tata Metaliks, MCX, Jet
7) L&T calls off merger talks with Future Generali Insurance
8) Wonderla Holidays IPO subscribed 42% on Day 1

Read detail analysis report here:- http://www.quora.com/Rahul-Prasad-12/Posts/Market-Outlook-HDFC-Bank-Q4-Analysts-expect-PAT-growth-at-26

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