Wednesday 3 December 2014

Sahara's next big challenge could be Rs 36,000 crore liability of credit co-operative!

Indian markets are expected to trade in a range on Thursday tracking muted trend seen in other Asian markets. Stocks in news are DLF, Reliance Industries, SAIL, MTNL, ONGC, Central Bank of India, NTPC, NMDC, Suven Life Sciences and Sadbhav Engineering.

Today’s Headlines

1) Sahara's next big challenge could be Rs 36,000 crore liability of credit co-operative.

2) After PepsiCo's Lays and ITC's Bingo, Balaji Wafers to now challenge McCain India in the potato snack segment.

3) Government mulls ways to recover $195.3 million from Reliance Industries.

4) Telangana plans mega pharma city spread over 11,000 acres near Hyderabad.

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

Debt Market Key Headlines

1) India’s 10-year bond yield held near a 15-month low on speculation the central bank will cut its benchmark interest rates next week as sliding oil prices cool inflation.

2) Brent crude dropped 2.4 percent to 75.90 a barrel, easing costs for Asia’s third-largest economy that imports almost 80 percent of its oil. Consumer prices in India rose 5.52 percent in October from a year earlier, the slowest pace since the index was created in January 2012, according to official data.

3) The Reserve Bank of India plans to sell 120 billion rupees ($1.9 billion) of notes via an open-market auction on Dec. 1, it said in a statement after trading closed yesterday. Bonds rose in the past three days on optimism falling oil prices will help curb inflation and prompt the RBI to cut interest rates.

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

Commodity Market Headlines

1) Shipping Can Thank OPEC for $29 Billion Saving: Chart of the Day.

2) There Are 300,000 Iraqi Barrels Signaling Oil Glut Will Deepen.

3) Shipping Chokepoint Strangles Ukraine Hopes for U.S. LNG.

4) Canada’s Oil Dividends Threatened as $70 Crude Hurts Cash.

5) Ebola Traps Painkiller Shipment Off Africa as Economies Unravel.

6) Petronas Defers $32 Billion Canada LNG Project Decision.

7) Saudi Oil Discounts to Asia Seen Widening as OPEC Takes on Shale.

8) Biggest Winners and Unluckiest Losers of Global Oil Price Crash.

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

Currency Market Headlines

1) The dollar strengthened to a seven-year high against the yen before U.S. data this week that economists say will back the case for higher interest rates as Japan and Europe ease policy.

2) The pound rose to a three-week high against the euro as a report showing U.K. services expanded in November faster than analysts forecast signaled that the economy is weathering stagnation among its European neighbors.

3) Brazil’s swap rates increased to a two-week high as economists joined investors in projecting that the central bank will raise borrowing costs by a half-percentage point today to curb inflation.

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

Monday 1 December 2014

Yamaha domestic sales rise 12% in November!

The 50-share Nifty seen opening lower on Tuesday following muted trend seen in other Asian markets ahead of RBI monetary policy due later today. Tracking the momentum, the index is expected to retest its crucial psychological level of 8540-8550 in trade today. Stocks in news are ONGC, M&M, SAIL, Ashok Leyland, Sun Pharma, Ranbaxy, Tata Motors, IRB Infrastructure and FT.

Today’s Headlines

1) General Motors recalls 316,000 vehicles because of malfunctioning headlights.

2) Yamaha domestic sales rise 12% in November.

3) Private equity group Carlyle set to buy out Testimony from New Silk Route.

4) Indian textile industry has potential to touch $500 billion by 2025.

5) TPC-RInfra porting row: Appellate Tribunal for Electricity flays MERC decision.

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

Debt Market Key Headlines

1) India’s 10-year bond yield held near a 15-month low on speculation the central bank will cut its benchmark interest rates next week as sliding oil prices cool inflation.

2) Brent crude dropped 2.4 percent to 75.90 a barrel, easing costs for Asia’s third-largest economy that imports almost 80 percent of its oil. Consumer prices in India rose 5.52 percent in October from a year earlier, the slowest pace since the index was created in January 2012, according to official data.

3) The Reserve Bank of India plans to sell 120 billion rupees ($1.9 billion) of notes via an open-market auction on Dec. 1, it said in a statement after trading closed yesterday. Bonds rose in the past three days on optimism falling oil prices will help curb inflation and prompt the RBI to cut interest rates.

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

Commodity Market Key Headlines

1) Funds Cut Bullish U.S. Oil Bets Before OPEC Price Rout.

2) Globe-Trotting Vale CEO Faces Wall Street as Iron Plunges.

3) U.K. Oil Producers Press for Tax Cuts as Crude Prices Collapse.

4) Copper in London Declines on Oil, China Manufacturing Weakness.

5) Cotton Outlook Cut by Australia to Five-Year Low on Dryness.

6) Wheat Crop Seen Lower in Australia as Dry Weather Cuts Yield.

7) CME Boosts Crude Futures Margins to Near Two-Year High.

8) Billionaire Shale Pioneer Sees Drilling Slowdown on Oil Price Drop OPEC Slump.

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

Sunday 30 November 2014

Kent RO aims to be a Rs 1,000-crore firm by 2016-17!

The 50-share Nifty index is expected to open flat on Monday following muted trend seen in other Asian markets and strong Q2 GDP data. Tracking the momentum, the index is expected to edge higher after muted start to reclaim its crucial psychological level of 8,600.

Today’s Headlines

1) Auto industry pitches for continuation of excise duty relief.

2) Bharatiya Mahila Bank confident of growing into a strong brand says CMD.

3) India emerges as Domino’s biggest market outside US.

4) Kent RO aims to be a Rs 1,000-crore firm by 2016-17.

5) Tata Power may not source coal from Indonesia for Mundra.

6) Steel ministry seeks relaxed lending rules for companies.

Debt Market Key Headlines

1) India’s 10-year bond yield held near a 15-month low on speculation the central bank will cut its benchmark interest rates next week as sliding oil prices cool inflation.

2) Brent crude dropped 2.4 percent to 75.90 a barrel, easing costs for Asia’s third-largest economy that imports almost 80 percent of its oil. Consumer prices in India rose 5.52 percent in October from a year earlier, the slowest pace since the index was created in January 2012, according to official data.

3) The Reserve Bank of India plans to sell 120 billion rupees ($1.9 billion) of notes via an open-market auction on Dec. 1, it said in a statement after trading closed yesterday. Bonds rose in the past three days on optimism falling oil prices will help curb inflation and prompt the RBI to cut interest rates.

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.

Commodity Key Headlines

1) Miners ‘Covering Their Eyes’ on China’s Commodity Cliff.

2) China Winning in OPEC Price War as Hoarding Accelerates.

3) Gold Hidden in Underwear Shows How India Curbs Upset Rupee Trade.

4) Brevan Howard Said to Close Commodity Hedge Fund after Losses.

5) Gold Tumbles After Swiss ‘No’ Vote as Silver Sinks to 5-Year Low.

6) Oil Price Drop Forces OPEC Member Iraq to Weigh Spending Cuts.

7) Iran Wary of Oil ‘Shock Therapy’ as OPEC Vies for Market.

8) Oil at $40 Possible as Market Transforms Caracas to Iran.

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

Thursday 27 November 2014

Kerala tax waiver may offer respite to FACT!

The 50-share Nifty index is expected to open higher on Friday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial psychological level of 8500 and head higher to touch its fresh record highs.

Today’s Headlines

1) CCI probes RRBs’ merger promoted by Syndicate Bank, PNB for possible breach of norms.

2) Business deal between Swiss giant Montblanc, Dilip Doshi goes sour.

3) Power minister Piyush Goyal says government will act soon to resolve fuel scarcity issue.

4) Kerala tax waiver may offer respite to FACT.

5) Experimental Ebola vaccine appears safe in human trials.

6) Coal supply to power plants in Maharashtra improving.

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

Debt Market Key Headlines

1) India’s 10-year bond yield held near a 15-month low on speculation the central bank will cut its benchmark interest rates next week as sliding oil prices cool inflation.

2) Brent crude dropped 2.4 percent to 75.90 a barrel, easing costs for Asia’s third-largest economy that imports almost 80 percent of its oil. Consumer prices in India rose 5.52 percent in October from a year earlier, the slowest pace since the index was created in January 2012, according to official data.

3) The Reserve Bank of India plans to sell 120 billion rupees ($1.9 billion) of notes via an open-market auction on Dec. 1, it said in a statement after trading closed yesterday. Bonds rose in the past three days on optimism falling oil prices will help curb inflation and prompt the RBI to cut interest rates.

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

Commodity Key Headlines

1) Alberta Producers with World’s Cheapest Oil Face Cascading Woes.

2) Oil Tumbles on OPEC; Yen Slides, Bonds Gain on Inflation.

3) Rio Tinto to Increase Returns Amid Cut to Project Budget.

4) Oil in New Era as OPEC Refuses to Yield to U.S. Shale.

5) Copper Falls as Strike at Antamina Mine Ends Amid Oil’s Decline.

6) Gold Set to Snap Three Weeks of Increases on Lower Energy Prices.

7) Norway Says Oil Price Shock Won’t Trigger Policy Adjustment.

8) Platinum Declines as ETF Holdings Post Biggest Drop in 6 Months.

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

Wednesday 26 November 2014

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

Monday 24 November 2014

Milk Mantra buys Westernland Dairy for Rs 10 crore

The 50-share Nifty index is expected to open flat on Tuesday following muted trend seen in other Asian markets. Tracking the momentum, the index may open flat but should be able to surpass its previous record high of 8534.65 hit on 24 November. Stocks in news are Mudra Lifestyle, Bharti Airtel, IOC, ING Vysya, Vascon Engineers, CEAT, Amtexk Auto, Reliance Communications, SpiceJet and Ashok Leyland.

Today’s Headlines

1) Hong Kong firm SSG Capital Management buys 49% in ACRE for Rs 41 crore.

2) Milk Mantra buys Westernland Dairy for Rs 10 crore.

3) India in a sweet spot as LNG prices crash in Asia.

4) Steel ministry asks for steel to be kept on negative list for RCEP.

5) Narayana Health acquires Westbank Hospital for Rs 150 crore.

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

Debt Market Key Headlines

1) India’s 10-year government bonds fell the most in more than three months on speculation yields near 15-month low deterred buyers. The yield on 8.4 percent sovereign debt due July 2024 rose six basis points to close at 8.22 percent in Mumbai, according to prices from the central bank’s trading system. That’s the biggest increase since Aug. 5.

2) The value of debt investments of foreign investors through participatory notes (P-notes) has doubled in the first nine months of calendar year 2014. Attractive yields on offer, stabilizing domestic currency and easing inflation has drawn foreign investor towards the Indian debt market. So far in 2014, foreign portfolio investment into the debt market has been far in excess compared with the equities market.

3) Easy global liquidity conditions, juxtaposed with optimism surrounding the India story, is allowing a larger number of Indian companies, many of them rated below investment grade, to raise capital in the international bond markets.

4) Bond issues from sub-investment grade or junk-rated firms-known in market parlance as high-yield issues-have surged in 2014, with almost 10 firms raising as much as $5.3 billion so far this year. This compares with just three issues in 2013 that raised $1.9 billion.

Read detail analysis Report here:- http://www.rrfinance.com/reserch/MorningBell/Db_MorningBell.pdf

Commodity Key Headlines

1) OPEC Said to Consider Sparing Three Nations from Oil Cuts.

2) Oil Boom Triggering Cowboy Shortage across Canada.

3) Nickel Drops From Six-Week High as Colombia Mine Strike Canceled.

4) Soybeans Rebound on Signs of Rising Demand for Record U.S. Crop.

5) Enterprise Said to Offer U.S. Condensate for 2015 to Asia.

6) Glencore-Rio Merger Will Happen, Hannam Tells Hedge Funds.

7) Gold Falls as Fed’s Fisher Says Inflation Isn’t a Concern.

8) Soybeans Drop as Bumper U.S. Harvest Nears Completion; Corn Sags.

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

Sunday 23 November 2014

Spring Air will invest Rs 100cr in 2 years to open 100 showrooms!

The Nifty began the week on a positive note and hit fresh all-time high as it climbed past 8,500 on the back of supportive cues from Asian peers. All the sectoral indices, barring the FMCG sector, were in the green with metals, technology and capital goods in the lead.

Today’s Headlines

1) New Transport Bill seeks proof of parking for registrations.

2) US insurer Allstate Corporation plans $1 billion expansion in India.

3) Milk Mantra shells out Rs 10 crore for Westernland Dairy.

4) Spring Air will invest Rs 100cr in 2 years to open 100 showrooms.

5) Queensland to pick up substantial stake in Adani’s Australia project.

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

Commodity Key Headlines

1) SNB Gold Vote Is ‘Dangerous,’ Jordan Says in Sermon on Hill.

2) OPEC Division Spurs Hedge Funds to Trim Bullish Oil Bets.

3) Billionaire Tornqvist Pivots to Asia Amid Gunvor Russian Retreat.

4) Beef the New Red Bull as Burger Craze Takes Off in Hong Kong.

5) Microsoft's 10-Minute Movie Stars Inspire Change in Indian Villages.

6) Gold Holds Drop From Three-Week High as Investors Assess Rates.

7) Wheat Advances as Dry Weather Seen Hampering Crops in Russia.

8) Gold Wagers Gain as China Rate Reduction Stems Rout.

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