RBI COUNTER
* DAILY LAF TENDERS: One set of 1-day reverse repo (at 7.00%) and 1-day repo (at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and reverse repo between 1900 IST and 1930 IST.

MARKETS
Call : Seen opening above RBI's repo rate as demand for funds is likely to remain strong. 1-day call: 8.00-8.60% vs 9.00% Wednesday.
Bonds : May open steady in absence of fresh triggers. Mild profit sales may weigh on prices. 10-year bond yield: 7.84-7.88% vs 7.85% Wednesday.
Rupee : Seen steady to tad up. Asian, US, most European markets shut so trade volumes to be low. Range: 62.8500-63.2000/$1 vs 63.0300/$1 Wednesday.
Stocks: Seen rangebound amid lack of major triggers. Nifty range: 8200-8350, Wednesday-end: 8282.70, up 34.45 points.

view more 

RBI COUNTER

* DAILY LAF TENDERS: One set of 1-day reverse repo (at 7.00%) and 1-day repo (at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and reverse repo between 1900 IST and 1930 IST.

* T-BILL AUCTION: RBI to hold auctions of 80 bln rupees of 91-day T-bills, and 50 bln rupees of 182-day T-bills.

MARKETS

Call  : Seen opening firm around 8.50% as demand for funds is likely to remain strong from banks. One-day call: 8.50% vs 8.20-8.35% Tuesday.

Bonds : To take cues from oil prices, US treasuries. Mild profit sales may weigh. 10-year bond yield: 7.84-7.88% vs 7.87% Tuesday.

Rupee : Seen steady to tad down Wed. To track Asian units, NDF. To trade in thin band amid low volume. Range: 63.30-63.60/$1 vs 63.38/$1 Tuesday.

Stocks: Seen rangebound amid lack of major triggers. Nifty range: 8230-8300, Tuesday-end: 8248.25, up 1.95 points.

view more

RBI COUNTER
* DAILY LAF TENDERS: One set of 1-day reverse repo (at 7.00%) and 1-day repo (at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and reverse repo between 1900 IST and 1930 IST.
* TERM REPO TENDER: One set of 14-day variable rate term repo for 155 bln rupees. Bids may be submitted between 1100 and 1130 IST.

MARKETS
Call  : May open 20-30 bps above repo rate on demand from banks to meet funding needs. 1-day call: 8.20-8.30% vs 8.20-8.25% Monday.
Bonds : May take opening cues from oil prices, US treasury yields. Seen in narrow range intraday. 10-yr bond yield: 7.90-7.98% vs 7.93% Monday.
Rupee : Seen steady on lack of major cues. Month-end importer dollar buys to weigh. Asian units, NDF eyed. Range: 63.55-63.75/$1 vs 63.66/$1 Monday.
Stocks: Indices seen range bound; government reforms eyed Nifty range: 8200-8300, Monday-end 8246.30, up 45.60 points.

RBI's REPO RATE ON DEMAND

 
RBI COUNTER
* DAILY LAF TENDERS: One set of 1-day reverse repo (at 7.00%) and 1-day repo (at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and reverse repo between 1900 IST and 1930 IST.

MARKETS
Call  : Seen opening tad above RBI's repo rate on demand from banks to meet reserve needs. 1-day call: 8.00-8.15% vs 7.35-7.60% 2-day Saturday.
Bonds : May take cues from crude oil price, US treasuries. 10-year bond yield: 7.94-8.00% vs 7.97% Friday.
Rupee : May open down as dollar firm vs euro. Sell orders by exporters may check sharp fall. Range: 63.45-63.70/$1 vs 63.57/$1 Friday.
Stocks: Seen consolidating; bias bearish; auto cos in focus; Nifty range: 8145 - 8250, Friday-end 8200.70, up 26.60 points.

view more

RBI COUNTER & MARKETS NEWS

 

RBI COUNTER

* DAILY LAF TENDERS: One set of 3-day reverse repo (at 7.00%) and 3-day repo (at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and for reverse repo between 1900 IST and 1930 IST.

* TERM REPO: One set of 14-day variable rate term repo for 185 bln rupees. Bids may be submitted between 1100 and 1130 IST.

* GILT AUCTIONS: RBI to auction 20 bln rupees of 8.08%, 2022 bond, 60 bln rupees of 8.15%, 2026 bond, 30 bln rupees of 9.20%, 2030 bond, and 30 bln rupees of 8.30%, 2040 bond.

MARKETS

Call  : Seen opening 30-40 bps above RBI's repo rate on demand from banks to meet reserve needs. 3-day call: 8.30-8.40% vs 7.95-8.00% 2-day Wed.

Bonds : Steady as participants likely to stay off big buys before auction. Value buying may support. 10-yr bond yield: 7.91-7.98% vs 7.96% Wed.

Rupee : Seen weak as dollar to remain firm against major units. Dollar sales to check fall. Range: 63.40-63.80/$1 vs 63.51/$1 Wed.

Stocks: Seen opening marginally up, but may remain in thin range. Nifty range: 8150-8280, Wednesday-end 8174.10, down 92.90 points.

view more

DATA ALERT

> US MBA MORTGAGE APPLICATIONS SURVEY for week ended Dec 19. 1730 IST

> US UNEMPLOYMENT INSURANCE CLAIMS REPORT for wk ended Dec 20. 1900 IST

> US DJ-BTMU BUSINESS BAROMETER for wk ended Dec 13. 2030 IST

> US EIA PETROLEUM STATUS REPORT for wk ended Dec 19. 2100 IST

> US EIA NATURAL GAS STORAGE REPORT for wk ended Dec 19. 2230 IST

RBI COUNTER

* DAILY LAF TENDERS: One set of 2-day reverse repo (at 7.00%) and 2-day repo (at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and for reverse repo between 1900 IST and 1930 IST.

* T-BILL AUCTION: RBI to hold auctions of 80 bln rupees of 91-day T-bills, and 50 bln rupees of 364-day T-bills.

MARKETS

Call  : Seen opening 20-30 bps above RBI's repo rate on demand from banks to meet reserve needs. 2-day call: 8.20-8.30% vs 8.00% 1-day Tuesday.

Bonds : To take cues from oil prices, US treasuries. Players may stay off big bets before holiday Thu. 10-year bond yield: 7.91-7.96% vs 7.92% Tue.

Rupee : To open weak as dollar may strengthen on strong US GDP data. To track Asian units and NDF. Range: 63.2000-63.5500/$1 vs 63.2800/$1 Tue.

Stocks: To remain choppy amid rollovers due to F&O expiry. Nifty range: 8200-8350, Tuesday-end: 8267.00, down 57.00 points.

view more

Stocks with uptick in rollover activity on the D-2

JSW Steel (JSTL IN): On the D-2, rollovers stand at 61% as against 12% on the D-3.The open interest is currently at ~5.98 mn shares. Long aggression was seen during the day a roll levels moved from ~70bps (profit to short rollers) to ~80bps towards the end.

HDFC Bank (HDFCB IN): Rollovers picked up to ~54% as compared to 28% on D-3.The counter holds an OI of ~42.4mn shares. The stock has been in the news on account of its proposed fund raising plans. Long roll aggression was evident as roll levels were ~100-105bps (profit to short roller).

Reliance Industries (RIL IN): Rollovers picked up to ~45% as compared to 21% on D-3. The counter holds an OI of ~37mn shares. Roll levels (profit to short roller) were ~85-90bps during the day.

view more

STOCKS

 

STOCKS

    ASIA: Shares of financial companies were the largest gainers. Daiwa Securities Group soared 4% and Sumitomo Mitsui Financial Group was up 3.5%.

    --Nikkei 225: 17485.59 today, up 275.54 points or 1.60% vs Thursday.

    --S&P ASX 200: 5302.50 today, up 91.72 points or 1.76% vs Thursday.

    EUROPE: Shares of Seadrill Ltd, Afren PLC and Aker Solutions ASA rose by 10.6%,8.7% and 9.2% respectively.

    --EURO STOXX: 3051.99 Thursday, up 02.00 points or 0.07% vs Wednesday

    --FTSE 100: 6336.48 Thursday, up 4.65 points or 0.07% vs Wednesday

    US: Further, the fall in the number of Americans filing for first-time unemployment benefits by 6,000 to 289,000 in the week ended Dec 13 boosted sentiment. Stocks of technology and pharmaceutical companies were the lead gainers.

    --DJIA: 17778.15 Thursday, up 421.28 points or 2.43% vs Wednesday

    --S&P 500: 2061.23 Thursday, up 48.34 points or 2.40% vs Wednesday

view more

INDICATORS ,TENDER & MARKETS

INDICATORS (previous session)

* India Nov trade deficit $16.86 bln vs $9.57 bln year ago.

* Petrol, diesel prices cut by 2 rupees per ltr each.

* Govt source says states mostly agreed on contentious GST issues.

* Source says govt to table GST bill in current Parliament session.

 
RBI COUNTER * DAILY LAF TENDERS: One set of 1-day reverse repo (at 7.00%) and 1-day repo (at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and reverse repo between 1900 IST and 1930 IST.

* TERM REPO TENDER: One set of 14-day variable rate term repo for 155 bln rupees. Bids may be submitted between 1100 and 1130 IST.

MARKETS

Call  : May open 15-20 bps above repo rate on demand for funds to meet advance tax outflows. 1-day call: 8.15-8.20% vs 8.00% Monday.

Bonds : May open steady on lack of fresh cues. Traders likely to stay off big bets ahead of US FOMC meet. 10-yr bond yield: 7.81-7.88% vs 7.83% Mon.

Rupee : Seen down as Nov trade deficit widens. Dollar sales by PSU banks likely for RBI to limit fall. Range: 62.80-63.30/$1 vs 62.94/$1 Monday.

Stocks: Seen rangebound with a negative bias ahead of US FOMC meet outcome. Nifty range: 8150-8280, Monday-end: 8219.60, down 4.50 points.

view more

RBI COUNTER & MARKETS.

RBI COUNTER
* DAILY LAF TENDERS: One set of 1-day reverse repo (at 7.00%) and 1-day repo (at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and reverse repo between 1900 IST and 1930 IST.

MARKETS
Call  : May open 10-15 bps above RBI repo rate on demand from banks to meet reserve needs. 1-day call: 8.10-8.15% vs 7.85-8.00% 3-day Friday.
Bonds : May open steady as Nov CPI as expected. Weekend oil price, US yield to lend cues. 10-yr bond yield: 7.78-7.83% vs 7.83% Friday.
Rupee : May open steady to tad up on positive CPI data. Asian units, NDF eyed. Range: 62.2000-62.4000/$1 vs 62.2900/$1 Friday.
Stocks: Seen opening weak on disappointing IIP data. Oil and gas cos in focus. Nifty range: 8170-8390, Friday-end: 8224.10, down 68.80 points.

view more

DAILY LAF / TERM REPO TENDER

RBI COUNTER
* DAILY LAF TENDERS: One set of 3-day reverse repo (at 7.00%) and 3-day repo (at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and for reverse repo between 1900 IST and 1930 IST.
* TERM REPO TENDER: One set of 14-day variable rate term repo for 185 bln rupees. Bids may be submitted between 1100 and 1130 IST.

MARKETS
Call  : To open 5-10 bps above repo rate on demand from banks to meet reserve needs early in session. 3-day call: 8.05-8.10 vs 7.85-7.90% 1-day Thu
Bonds : To take cues from oil prices, US treasury yields. Expected lower Nov CPI to lend positive bias. 10-year bond yield: 7.85-7.90% vs 7.87% Thu.
Rupee : To open dn as dlr's rise vs euro may spur bks' dlr buys. Exporters' dollar sales may cap fall. Range: 62.20-62.60/$1 vs 62.3300/$1 Thu.
Stocks: May open slightly up; trade rangebound ahead of IIP, CPI data. Nifty range: 8250-8380, Thursday-end: 8292.90, down 62.75 points.

view more

MARKETS UPDATE

MARKETS
Call  : Seen opening 5-10 bps above repo rate on likely demand from banks to meet reserve needs. 1-day call: 7.80-8.20% vs 8.15-8.25% Tue.
Bonds:  To take opening cues from crude oil prices and US Treasury yields. May trade in positive bias in absence of gilt auction this week. 10-year bond yield: 7.88-7.93% vs 7.90% Tuesday
Rupee : To open up as euro's rise vs dlr may prompt banks to sell dollars. Cos' dlr buys to check rise. Range: 61.75-62.00/$1 vs 61.8800/$1 Tue.
Stocks: Set to fall further tracking weak global equities. Nifty range: 8250-8380, Tuesday-end: 8340.70, down 97.55 points.

view more

STATE DEVELOPMENT LOAN AUCTION

RBI COUNTER

* DAILY LAF TENDERS: One set of 1-day reverse repo (at 7.00%) and 1-day repo (at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and for reverse repo between 1900 IST and 1930 IST.

* TERM REPO: One set of 14-day variable rate term repo for 150 bln rupees. Bids may be submitted between 1100 and 1130 IST.

* STATE DEVELOPMENT LOAN AUCTION: RBI to hold auction of 81.80 bln rupees worth of bonds issued by 10 states--Arunachal Pradesh, Bihar, Maharashtra, Meghalaya, Rajasthan, Tamil Nadu, Telangana, West Bengal, Punjab and Uttar Pradesh.

MARKETS

Call  : Seen opening 5-10 bps above repo rate on likely demand from banks to meet reserve needs. 1-day call: 8.05-8.10% vs 8.00-8.05% Mon.

Bonds : May open steady in absence of fresh cues. To track movement in crude oil prices, US Treasury yld. 10-yr bond yld: 7.88-7.94% vs 8.16% Mon.

Rupee : May open lower as Jul-Sep CAD data may weigh on sentiment. Cos' dlr sales to limit fall. Range: 61.8000-62.1000/$1 vs 61.8350/$1 Mon.

Stocks: Set to open marginally down tracking weakness in global equities. Nifty range: 8350-8480, Monday-end: 8438.25, down 100.05 points.

view more

MARKET UPDATE

RBI COUNTER
* DAILY LAF TENDERS: One set of 1-day reverse repo (at 7.00%) and 1-day repo (at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and reverse repo between 1900 IST and 1930 IST.

MARKETS
Call: Seen opening tad over the repo rate as banks may borrow for indirect tax outflow. May ease intraday. 1-day Call: 7.95-8.15% vs 8.25% 2-day Sat.
Bonds : To take cues from US jobs data on Mon. Hope of fall in Nov CPI may support prices. 10-yr bond yld: 7.90-7.95% vs 7.93% Fri.
Rupee : To take cues from US non-farm payrolls report Mon. Local shares to lend cues. Range: 61.70-62.20/$1 vs 61.77 Fri.
Stocks: Seen opening flat to marginally up. To remain rangebound. Nifty range: 8480-8580, Friday-end: 8538.30, down 26.10 points.

view more

Highlights of RBI's 5th Bi-Monthly Monetary Policy Statement for 2014-15

MAIN HIGHLIGHTS
* Keeps repo rate unchanged at 8%
* Keeps CRR unchanged at 4% *
*To continue to provide liquidity via term repos
* Continue with overnight repos at 0.25% of bank-wise NDTL
* Continue with 7-, 14-day repos of up to 0.75% NDTL
* Reverse repo remains unchanged at 7%
* MSF, bank rate remains unch at 9%
* To continue with daily one day repo, reverse repos
* Any change in current monetary policy stance "premature"
* Monetary policy stance can change early next year
* Policy stance can change outside policy review cycle
* Policy stance change at current juncture premature
* Monetary conditions, rather than long-term yld view, key to OMO
* RBI to detail 6th bi-monthly monetary policy statement Feb 3
* In talks with govt on new monetary policy framework
* Stronger the information, sooner the policy accommodation
* Conducted OMOs based on assessment of monetary conditions
* Conducted OMO sales worth 401 bln rupees so far Oct-Dec
INFLATION 
* RBI revises central forecast for CPI inflation to 6% for Mar 2015
* Stance change can be outside review cycle
* Nov inflation expected to show further softening
* Inflation is expected to retain some momentum over 12 mos
* Risks to Jan 2016 6% CPI aim evenly balanced
* Expect Dec CPI inflation to rise above current level
* Expect Dec CPI inflation to rise above current level
* "Durability of upturn" in inflation key uncertainty
* March 2015 CPI inflation forecast cut to 6%
* Change in policy stance likely next year if inflation eases
* Headline inflation has been receding steadily
* Favourable base effect will likely dissipate after Nov
* Dec inflation may well rise above current levels
* Uncertainty about evolution of base effect in inflation

MARKET

Call  : Seen opening near repo rate. Liquidity conditions ample on govt salary

        and pension payments. 1-day call: 7.95-8.10% vs 4.00% 2-day Sat.

.

Bonds : To track oil prices. Participants may be cautious ahead of RBI policy

        Tue. 10-year bond yield 8.07-8.12% vs 8.08% Friday.

.

Rupee : May open a tad up on better-than-expected GDP. Seen in thin band ahead

        of RBI policy. Range: 61.85-62.10/$1 vs 62.03 Friday.

.

Stocks: Indices may fall on profit booking. RBI policy eyed

        Nifty range: 8380-8750, Friday-end: 8588.25, up 94.05 points.

DATA ALERT

> JAPAN MANUFACTURING PMI for Nov. 0705 IST

  > JAPAN AUTO SALES for Nov. 1030 IST

  > FRANCE MANUFACTURING PMI for Nov. 1420 IST

  > GERMANY MANUFACTURING PMI for Nov. 1425 IST

  > EUROZONE MANUFACTURING PMI for Nov. 1430 IST

  > UK MONETARY AND FINANCIAL STATISTICS for Oct. 1500 IST

  > UK CIPS/MARKIT MANUFACTURING PMI for Nov. 1500 IST

  > BANK OF ENGLAND SYSTEMIC RISK survey results for H2. 1500 IST

  > US MANUFACTURING PMI FOR NOV. 2015 IST

  > US ISM MFG REPORT ON BUSINESS MANUFACTURING PMI for Nov. 2030 IST

  > US GLOBAL MANUFACTURING PMI for Nov. 2130 IST

UPDATE ON RBI COUNTER

 

GOVT BEAT

* Minister for Road Transport, Highways & Shipping Gadkari to hold a review meeting on the status of progress of Mumbai-Goa Expressway project and the project under implementation in Maharashtra. 1430 IST, New Delhi.

* Press briefing on the highlights of CAG's audit reports scheduled to be tabled today. 1530 IST, New Delhi.

RBI COUNTER

* DAILY LAF TENDERS: One set of 3-day reverse repo (at 7.00%) and 3-day repo (at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and reverse repo between 1900 IST and 1930 IST.

* GILT AUCTIONS: RBI to auction 30 bln rupees of 8.27%, 2020 bond, 60 bln rupees of 8.40%, 2024 bond, 20 bln rupees of 9.20%, 2030, and 30 bln rupees  of new 30-year bond.

* TERM REPO: One set of 14-day variable rate term repo for 180 bln rupees. Bids may be submitted between 1100 and 1130 IST.

view more

Repo Bids For Tender

RBI COUNTER

* DAILY LAF TENDERS: One set of 1-day reverse repo (at 7.00%) and 1-day repo (at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and reverse repo between 1900 IST and 1930 IST.

* Minister of State of Culture & Tourism and Civil Aviation Sharma and Commerce Secretary Kher to be present at award presentation ceremony of India International Trade Fair. 1300 IST, New Delhi.

view more

RBI COUNTER

RBI COUNTER

* DAILY LAF TENDERS: One set of 1-day reverse repo (at 7.00%) and 1-day repo (at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and reverse repo between 1900 IST and 1930 IST.

* T-BILL AUCTION: RBI to hold auctions of 80 bln rupees of 91-day T-bills, and 60 bln rupees of 364-day T-bills.

view more