Canadian Dollar Falls as Central Bank Signals Slow Export Growth!

The Indian rupee dropped for a third straight session on Wednesday, its worst falling streak since late-January, as profit-taking in the domestic share market by offshore investors hurt the local unit. Overseas investors, the primary drivers behind the stock market gains, sold cash shares worth 216.3 million rupees ($3.59 million) and equity derivatives worth 12.18 billion rupees on Tuesday – their second straight session of selling. The partially convertible rupee closed at 60.37/38 per dollar compared with 60.23/24 on Tuesday. The unit moved in a range of 60.20 to 60.43 during the session.

Canadian Dollar vs INR

USD vs INR

Today’s Headlines

1) Dollar Falls as Yellen Pledges to Support Economy; Pound Gains
2) Yellen’s Mind-the-Gap Goals Rule Says Rates Stay Low
3) Canadian Dollar Falls as Central Bank Signals Slow Export Growth
4) Ruble Snaps Three-Day Retreat on Bets Ukraine Incursion Unlikely
5) Dollar Strengthens Against Yen as Risk Appetite Increases

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

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Currency Market: The Indian rupee continued to falter!

The Indian rupee continued to falter, retreating from an eight-month high hit last week, to post its second consecutive weekly fall after data showed the trade deficit widened to a five-month high in March. The data – showing the trade deficit widening to $10.5 billion from $8.13 billion in February on the back of falling exports – revived concerns about the current account deficit after a recent sharp narrowing. Investors will now be closely eyeing the consumer inflation data due on Tuesday, as well as the start of corporate earnings results next week, for a better snapshot of the domestic economy.

USD vs INR

Pre Opening Currency Market

Today’s Headlines

1) Dollar Holds Gain Before Manufacturing, Yellen; Aussie Weakens
2) Mexico’s Local Bonds Slump After Debt Offering
3) Retail Sales in U.S. Increased in March by Most Since 2012
4) Ruble Falls With Stocks as Ukraine Unrest Spurs Sanctions Threat
5) Brazilian Real Bears Foiled by Presidential Election

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

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IndusInd Bank slips as foreign investment reaches trigger limit!

Key benchmark indices edged lower in choppy trade on the last trading session of the week after the latest data showed that India’s merchandise exports fell for the second month in a row in March 2014. The barometer index, the S&P BSE Sensex, close down 86.37 points or 0.38%, off close to 57 points from the day’s high and up about 89 points from the day’s low. Weakness in Asian and European stocks and overnight steep slide in US stocks hit sentiment on the domestic bourses adversely.

Equity Closing UpdatesWho Moved and Why

1) NMDC hits 52-week high after declaring FY 2014 production, dispatches data.
2) Shasun Pharma, Sequent Scientific edge higher.
3) Ester Industries gains after preferential allotment of convertible warrants.
4) HDIL hits 52-week high as foreign fund hikes stake.
5) Sanghi Industries jumps after large bulk deal.

6) IndusInd Bank slips as foreign investment reaches trigger limit.
7) GTL Infra surges after allotment of shares upon FCCB conversion.

Read detail analysis report here:- http://rrfinance.com/Reserch/Pdf/07-July/DMR/11Daily__Market_Review_Equity_Bell%20(4).pdf

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Realty stocks edged higher on renewed buying!

Key benchmark indices edged lower as investors turned cautious ahead of beginning of the 9-phase Lok Sabha elections on Monday, 7 April 2014. The barometer index, the S&P BSE Sensex, close down by 149.57 points or 0.66%, off close to 198 points from the day’s high. Capital goods shares extended Thursday’s losses. Realty stocks edged higher on renewed buying. The market breadth, indicating the overall health of the market, was positive.

NIFTY EquityClosingAnalysisWho Moved and Why

1) Steel Strips Wheels surges after securing patent for disc forming process.
2) Sugar stocks rally on reports of spike in sugar prices.
3) SRF gains after commissioning of projects at Dahej chemical complex.
4) Natco Pharma jumps after US PTO rejects Teva’s patent reissue application.
5) Sobha Developers gains on positive outlook for FY 2015.
6) Adani Power gains after becoming India’s largest private power producer.

Read detail analysis report: - http://rrfinance.com/Reserch/Pdf/07-July/DMR/4april_Daily__Market_Review_Equity_Bell%20%282%29.pdf

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European and Asian stocks boosted sentiment on the domestic bourses!

Key benchmark indices edged higher as gains in European and Asian stocks boosted sentiment on the domestic bourses. The barometer index, the S&P BSE Sensex, close up by 105.05 points or 0.47%, up about 77 points from the day’s low and off close to 38 points from the day’s high. The market breadth, indicating the overall health of the market, was strong. The BSE Small-Cap and BSE Mid-Cap indices were up more than 1.46 % each. Both these indices outperformed the Sensex.

Equity Market Techincal View

Equity Market Techincal View

Who Moved and Why

1) Aurobindo Pharma hits record high.
2) Sharon Bio-Medicine gains after expansion of facilities.
3) Colgate-Palmolive drops ex-dividend.
4) RIL gains on large financial aid from EDC.
5) Ashoka Buildcon surges as subsidiary receives fourth tranche of investment.
6) IL&FS Engineering jumps after bagging construction order in Gurgaon.
7) JSW Steel gains on good steel consumption outlook.
8) Ashok Leyland gains after month-on-month surge in March sales.

Read detail analysis report here: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/02_apr_Daily__Market_Review_Equity_Bell.pdf

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Key benchmark indices edged higher in choppy trade!

Key benchmark indices edged higher in choppy trade, with investor sentiment boosted by firm Asian and European stocks. The market sentiment was also boosted by provisional data showing that foreign institutional investors (FIIs) remained net buyers of Indian stocks on Monday, 31 March 2014. The barometer index, the S&P BSE Sensex, close up by 60.17 points or 0.27%, up close to 150 points from the day’s low and off about 40 points from the day’s high. The market breadth, indicating the overall health of the market, was positive.

NIFTY Index

Technical Overview of NIFTY Index

Who Moved and Why

1) Educomp Solutions hits the roof on acquisition buzz.
2) M&M gains after strong tractor sales in March.
3) TVS Motor gains after strong sales in March.
4) Natco Pharma slumps as US SC agrees to hear Teva appeal.
5) Maruti Suzuki slips after weak sales in March.
6) Most banks decline after RBI’s status quo on interest rates.
7) KEC International jumps after land deal.
8) PSU OMCs slide after reducing petrol price.
9) Kalpatru Power Jumps after winning new.
10) Tata Motors, HCL top FY13 profits in just 9 months!

Read detail analysis report here: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/01_apr_Daily__Market_Review_Equity_Bell.pdf

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Foreign institutional investors (FIIs) made substantial purchases

Key benchmark indices edged higher in choppy trade, with the market sentiment boosted by data showing that foreign institutional investors (FIIs) made substantial purchases of Indian stocks on Friday, 28 March 2014. The barometer index, the S&P BSE Sensex, close up 46.30 points or 0.21%, up about 130 points from the day’s low and off close to 80 points from the day’s high. The market breadth, indicating the overall health of the market was strong. The BSE Mid-Cap and Small-Cap indices gained more than 1% each, with both these indices outperforming the Sensex.

NIFTY Techincal Chart

Who Moved and Why

1) Emami Paper gains after allotment of preference shares to promoters.
2) Bhel recovers after winning new order.
3) Tata Motors gains on price hike buzz.
4) Jain Irrigation gains on buzz it may sell stake in food processing unit.
5) Suzlon Energy jumps on buzz it may list German arm on LSE.
6) L&T gains after winning new orders.
7) GMR Infra jumps after unit files for IPO.

Read detail analysis report here: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/31_march_Daily__Market_Review_Equity_Bell.pdf

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