Monthly Archives: April 2014

Announcement of Federal Reserve’s monetary policy review!

A bout of volatility was witnessed in late trade as key benchmark indices provisionally settled marginally lower after turning positive after cutting entire intraday losses. Investors remained wary ahead of the announcement of Federal Reserve’s monetary policy review later in the global day today, 30 April 2014. The market breadth, indicating the overall health of the market, was weak. The BSE Mid-Cap index fell nearly 1% and the BSE Small-Cap index slipped over 1%. Fed’s bond-buying program has been a source of liquidity for most Asian and emerging markets. The BSE Sensex closed at 22417.80 and 48.39 point down.

Equity Closing Update

Equity Closing Update

Who Moved and Why

1) Marico turns volatile after Q4 earnings.
2) Shriram Transport Finance slips after weak Q4 numbers.
3) OBC slips on muted growth in Q4 net profit.
4) BASF India drops after weak Q4 results.
5) Strong Q4 result powers Swaraj Engines.
6) Advanta gains after strong Q1 earnings.
7) Cipla gains in volatile trade after clarification.
8) Kesoram Industries tumbles as net loss widens in Q4.
9) TVS Motor spurts 11.55% in two days on turnaround Q4 results.

Resource:- http://www.wallstreetoasis.com/blog/announcement-of-federal-reserves-monetary-policy-review

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Filed under Commodity News, Finance, Q4 Results

REC turns volatile after board’s nod for raising funds!

Key benchmark indices edged lower for the second day in a row triggered by the India Meteorological Department (IMD) on Thursday, 24 April 2014, announcing that the country will likely get below-normal levels of monsoon rain this year. The barometer index, the S&P BSE Sensex, close down by 56.45 points or 0.25%, off close to 80 points from the day’s high and up about 45 points from the day’s low. The market breadth, indicating the overall health of the market, turned positive from negative in late trade. The S&P BSE Mid-Cap index was up nearly 1%.

Equity Closing Graph

Equity Closing Graph

Who Moved and Why

1) Godrej Consumer Products drops on poor Q4 result.
2) Symphony surges after stellar Q3 earnings.
3) REC turns volatile after board’s nod for raising funds.
4) Wockhardt jumps as Himachal Pradesh lifts ban.
5) Shree Cement drops after weak Q3 earnings.
6) Volumes jump at National Buildings Construction Corporation counter.
7) Sasken Communication tumbles after weak sequential earnings in Q4.
8) UPL hits record high on good Q4 outcome.
9) Siemens gains after strong Q2 results.

Read detail analysis report here:- http://rrfinance.com/Reserch/Pdf/07-July/DMR/28_april_equity_closing_update.pdf

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Filed under Commodity News, Debt News, Equity Market, Finance

Systematic Investment Plan (SIP)-Smarter Way to Meet Your Goals

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Filed under Finance

The Indian rupee hit a one-month low!

The Indian rupee hit a one-month low on Monday and posted its worst single-day fall since March 20, weighed down by good dollar demand from oil and gas importers and as tension in Ukraine kept global markets on the edge. Still, broader falls in the rupee were capped as domestic shares hit record highs, surpassing previous all-time highs hit on April 10, as banks rallied ahead of their financial results starting this week. The partially convertible rupee closed at 60.59/60 per dollar after hitting 60.61, it’s lowest since March 24 and weaker than Thursday’s close of 60.29/30. The unit fell 0.5 percent, its biggest single-day fall since March 20.

Indian Rupee

Indian Rupee

Today’s Headlines

1) Yen Falls Versus Major Peers after Japan’s Trade Deficit Widens
2) Manulife Favors Asian Dollar Bonds for Currency Advantage
3) Venezuela Will Align Exchange Rates, BofA Says
4) Yellen Sees Muted Inflation as Unemployment Curbs Wages
5) Brazilian Swap Rates Drop Most in a Week after Report
6) Ruble Drops 2nd Day as Ukraine Clash Casts Doubt on Geneva

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

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Filed under Currency Update, Debt News, Equity Market, Finance

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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Filed under Currency Update, Debt News, Finance

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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Filed under Currency Update, Finance

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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Filed under Commodity News, Equity Market, Finance