Monthly Archives: June 2013

Nifty Index is likely to regain level 5700 – Equity Market Outlook

The 50-share Nifty index is expected to open higher on Friday tracking strong Asian markets. Tracking the positive momentum, the index is likely to regain its crucial psychological level of 5700 in trade today. Stocks in news are Bajaj Finserv, RIL, ONGC, OIL, Titan Indu, United Breweries Holding, HDFC Bank, Bharti Airtel, Amtek Auto, JMT Auto, DHFL and Neyveli Lignite Corporation

Today’s Headlines

  • Dewan Housing Finance Ltd may buy majority stake in DLF Pramerica Life Insurance Company.
  • Carrier Midea to double ad spend in push for Rs 1000 crore turnover in FY13.
  • Power, CNG to get costlier as 100% hike in gas price cleared.
  • Bharti Airtel loses licence race to Telenor, and Qatar’s Ooredoo in Myanmar.

For detail analysis report please visit: – http://www.rrfinance.com/reserch/MorningBell/Eq_MorningBell.pdf

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Currency Market Outlook – The Indian rupee breached formidable resistance of 60 to $

The Indian rupee breached formidable resistance of 60 to the dollar to slump to a record low on Wednesday, reinforcing the vulnerability of a country with limited reserves and struggling to narrow a record-high current account deficit. Rupee falls to record low, breaches 60/dollar RBI has been intervening in FX market – dealers Bond yields end at day’s highs, jump on rupee slump.

Today’s Headlines

  • Euro Declines a Sixth Day versus Dollar on Draghi Policy Pledge
  • Lira Set for Week-High as Turkey Plans Fifth Day of Dollar Sales
  • Won Rises Most in a Week as China Concerns Ease; Bonds Climb
  • Rand Pares Worst Quarterly Losing Streak in 12 Years on Exports
  • Yen Strengthens for Fourth Day against Euro Amid China Concern

For detail analysis report please visit: – http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf

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British Indian 1 rupee, 1917

British Indian 1 rupee, 1917 (Photo credit: Wikipedia)

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Gold eased as positive – Commodity Market Outlook

Gold eased on Tuesday as positive U.S. housing and consumer confidence data lifted the dollar, and as
Speculation that the Federal Reserve is set to wind down its monetary stimulus programme further weighed on prices. The metal rose in choppy trade earlier in the day after comments on liquidity from China’s central bank arrested a slide in the broader financial markets, but it underperformed other assets as concerns over Fed policy lingered.

Today’s Key Headlines

  • Morgan Stanley to Goldman Cut Gold Forecasts on Fed Outlook
  • WTI Oil Rises a Second Day on Supply Outlook
  • EU Officials Said to Agree to 30% Cap on Some Farm Subsidy Cuts
  • Corn Advances in Chicago before USDA Plantings; Wheat Also Gains
  • Palm Oil Gains as Exports from Malaysia Climb on Ramadan Demand
  • Russia, Kazakhstan Join Turkey in Raising Gold Holdings

For detail analysis report please visit:- http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf

Also find information about  Gold technical view, Commodity Prices, Crude Oil Technical view, Commodities, Mutual Funds, Fixed Income, Life Insurance Plans in India, Fixed Deposit.

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Market wrap-up: Mid Session Update!

Indian Equity markets extended intraday gains to hit fresh intraday high in early afternoon trade. India’s largest power equipment maker by capacity Bhel hit 52- week low. Shares of gold finance companies tumbled on recent steep slide in gold prices in the commodities markets. Shares of Jaypee Group companies were mostly lower.

Ranbaxy Laboratories slumped to 52-week low. The market breadth, indicating the overall health of the market, was weak. The BSE Sensex was 202.09 points up at 18742.98 & The CNX Nifty was 49.00 points up at 5639.25.

Who Moved and Why

  • Indraprastha Gas gains after the company increased the price of CNG by 5% in Delhi and neighboring areas.
  • MMTC was locked in 5% lower circuit, extending recent steep slide triggered by government concluding the divestment of 9.33% stake at a huge discount.
  • Mahindra & Mahindra Financial Services fell, extending Monday’s 8.07% fall triggered by the company’s board dropping plans to apply for a banking license.
  • Jaiprakash Power Ventures tumbled, extending Monday’s 13.48% fall triggered by the company’s announcement that operations at its hydro-power plant in Uttarakhand stopped due to floods.

For detail analysis report please visit: – https://www.rrfinance.com/Reserch/Pdf/07-July/Mid%20Session/25th_June_Mid_Session_Update.pdf

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Commodity Market Outlook- Gold fell by about 1 percent!

Gold fell by about 1 percent on Monday, following last week’s 7 percent decline, hurt by a stronger dollar and due to worries over an early end to the U.S. Federal Reserve’s stimulus programme. The metal sank back towards a three-year low hit last week in a sharp sell-off triggered when the Fed said it would cut back its monetary easing by mid-2014, which supported interest rates and therefore made gold comparatively less attractive. Comex gold futures for August delivery fell $7.50 to $1,284.50 an ounce

Today’s Key Headlines

  • Copper Declines as Inventories Advance to 10-Year High
  • Gold Drops With Silver on Fed Outlook as Goldman Cuts Forecasts
  • WTI Oil Fluctuates Amid China Crunch, Syria Unrest
  • China Solars Move Factories Overseas to Avoid EU Duties
  • Corn, Soybeans Drop as Warm Weather in Midwest Boosts Growth
  • Platinum Prices to Rebound as Demand Outpacing Supply
  • White-Sugar Premium Advances on Limited Supplies; Cocoa Retreats

For detail analysis report please visit: – http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf

 

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Expiry of near month F&O contracts may cause volatility!

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The market may remain volatile next week as traders roll over positions in the futures & options (F&O) segment from the near month June 2013 series to July 2013 series.

RR Financial Consultants‘s insight:

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The market may remain volatile next week as traders roll over positions in the futures & options (F&O) segment from the near month June 2013 series to July 2013 series.

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Market wrap- up: IT stocks gain on weak rupee

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Indian Equity Markets moved into the positive terrain & hit fresh intraday high in early afternoon trade as bargain hunting emerged after share prices declined sharply on Thursday. Hero MotoCorp extended intraday gain. Tata Steel reversed intraday losses.

IT stocks rose on recent steep slide in rupee. Realty stocks edged higher on renewed buying. Capital goods stocks also edged higher. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex was 51.75 points up at 8771.04 & The CNX Nifty was 15.85 points up at 5671.75.

Who Moved and Why

  • Future Retail slumped on turning ex-scheme of arrangement today.
  • MMTC hit a lower circuit limit of 5%, extending recent steep slide triggered by government concluding the divestment of 9.33% stake at a huge discount.
  • Eight IT stocks rose amid recent weakness in rupee against the dollar.
  • LIC Housing Finance rose on reports the company’s board has cleared a proposal to apply for a banking license.
  • Vijaya Bank fell as stock turned ex- dividend for dividend of Rs 2.50 per share for the year ended March 2013.
RR Financial Consultants‘s insight:

For detail analysis report please visit:- https://www.rrfinance.com/Reserch/Pdf/07-July/Mid%20Session/21st_June_Mid_Session_Update.pdf

Also find more information about stock market news, commodity prices, Inflation rate, share market, share brokers, life insurance plans, mutual funds, fixed income, mutual funds in India, fixed deposits, company fixed deposits, fixed deposit schemes, tax saving schemes, IPO rate, bonds and debentures.

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