Wednesday, 30 July 2014

INDICATORS


INDICATORS (previous session)
* NSE provisional net buy/(sale) in bln rupees, Jul 30: FII 3.82, DII 5.1
* Institutional net buy/(sale) in bln rupees, Jul 28: FIIs 1.13, MF 2.9
* FII NSE futures net buy/(sale) in bln rupee, Jul 30: index 6.83 , shr 3.7
* Sensex 26087.42, up 96.19 points; Nifty 7791.40, up 42.7 points
* Crude: $100.27/bbl; Rupee: 60.0600/$1; Gold: $1,294.9/ounce; 10-yr yld:
8.7280%

view more

Thursday, 24 July 2014

CONFERENCES

CONFERENCES
* RETURN RECEIPT: CBDT Chairman Tewari to inaugurate Special Return Receipt Counters. 1030 IST, New Delhi.
* AMTEX 2014: Minister of Micro, Small and Medium Enterprises Mishra to be chief guest at 9th Amtex 2014.  1115 IST, New Delhi.
* FREIGHT PLAN: Railways Minister Gowda and Railway Board Chairman Kumar to be present at ASSOCHAM 3rd International Conference on Dedicated Freight Corridors. 1230 IST, New Delhi.


Wednesday, 23 July 2014

ASSOCHAM's

CONFERENCES
LAW CONFERENCE: Law Secretary Malhotra to speak at ASSOCHAM's Global Conference on Law & Technology. 1000 IST, New Delhi.
INVEST NORTH: Industry Secretary Kant and Haryana Chief Minister Hooda to speak at CII's Invest North Summit. 1000 IST, New Delhi.
WASTE MGMT: Urban Development Secretary Aggarwal to speak at inaugural session of 'National Stakeholder Consultation Workshop to finalise guidelines for Municipal Solid Waste Management'. 1000 IST, New Delhi.

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.

view more

Tuesday, 22 July 2014

Telecom Regulatory Authority of India

PRESS MEET of Telecom Regulatory Authority of India. 1200 IST, New Delhi.
DATA ALERT FRANCE BUSINESS SENTIMENT INDEX for July. 1215 IST. BANK OF ENGLAND MONETARY POLICY MEETING MINUTES. 1400 IST.  US MORTGAGE APPLICATIONS SURVEY in the week ended Jul 18. 1630 IST.  US EIA PETROLEUM STOCKS in the week ended Jul 18. 1800 IST.
INDICATORS (previous session) * NSE provisional net buy/(sale) in bln rupees, Jul 21: FII 4.12, DII 0.59 * Institutional net buy/(sale) in bln rupees, Jul 21: FIIs 2.44 * FII NSE futures net buy/(sale) in bln rupee, Jul 22 index 12.01, shr 7.25 * Sensex 26025.80, up 310.63 points; Nifty 7767.85, up 83.65 points * Crude: $102.39/bbl; Rupee: 60.24/$1; Gold: $1306.3/ounce; 10-yr yld: 8.6904%

CONFERENCES


CONFERENCES
TAX MEET: Minister of State for Finance Sitharaman to address valedictory session of annual conference of senior officials of Central Board of Direct Taxes. 1630 IST, New Delhi


INDICATORS (previous session)
NSE provisional net buy/(sale) in bln rupees, Jul 21: FII 1.61, DII (1.81)
Institutional net buy/(sale) in bln rupees, Jul 18: FIIs 5.89, MF (0.26)
FII NSE futures net buy/(sale) in bln rupee, Jul 21: index 2.95, shr 4.10
Sensex 25715.17, up 73.61 points; Nifty 7684.20, up 20.30 points
Crude: $104.59/bbl; Rupee: 60.30/$1; Gold: $1,313.9/ounce; 10-yr yld: 8.6924%


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.

STATE DEVELOPMENT LOAN AUCTION: RBI to hold auction of bonds of 11 states- Haryana, Himachal Pradesh, Jammu & Kashmir, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nadu and West Bengal worth 105.50 bln rupees.

Sunday, 20 July 2014

Annual General Meetings

Annual General Meetings of: 
  Bharat Seats, Cadila Healthcare, Canara Bank,
  Piramal Glass, High Energy Batteries India, Hitachi Home & Life Solutions
  (India) Housing Development Finance Corp, Lloyd Electric & Engineering, and
  Tata Coffee.

INDICATORS (previous session)
 * NSE provisional net buy/(sale) in bln rupees, Jul 18: 5.7, (2.8)
* Institutional net buy/(sale) in bln rupees, Jul 17: 18.6, MF 3.43
* FII NSE futures net buy/(sale) in bln rupee, Jul 18: index (3.7), shr 3.2
* Sensex 25641.56, up 80.40 points; Nifty 7663.90, up 23.45 points
* Crude: $103.13/bbl; Rupee: 60.28/$1; Gold: $1309.4/ounce; 10-yr yld: 8.7695%

view more

Thursday, 17 July 2014

MOVERS & SHAKERS


IDFC Shares in IDFC rallied 8.70% to Rs 163.05, after (RBIpermitted to raise long term funds for lending to infrastructure sector with minimum regulatory pre-emption such as CRR or statutory liquidity ratio SLR and Priority Sector Lending (PSL).

PFC/REC:
PFC (down 5.66% at Rs 279.20)
REC (down 4.95% at Rs 326.35) and
LIC Housing (down 4.01% at Rs 307.95)
Have fallen more than 4%. HDFC was down 0.15% at Rs 975.90 .Meanwhile, UBS downgrades HDFC to "neutral" from "buy" and cuts price target to Rs 1,075 from Rs 1,100.

Jaypee Infratech: Infrastructure stocks saw huge buying interest on Wednesday after the Reserve Bank of India issued fresh guidelines for long term debt financing to projects in infrastructure and core industries. Stocks like Jaypee Infratech(up 19.86% to Rs 34.70), HCC (up 4.88% to Rs 39.75), Ashoka Buildcon(up 5.95% to Rs 154.80), Era Infra Engineering (up 4.98% to Rs 23.20)and IVRCL (up 4.90% to Rs 24.60) gained 5-20 percent.

view more

Monday, 14 July 2014

Macro Junction



Macro redemption post the budget
The NDA’s maiden budget did no harm and stuck to the 4.1% fiscal deficit and the FRBM guidelines. However, it failed to meet the market’s ‘sky-high’ expectations, resulting in a sharp sell-off in equities and consequent INR depreciation. Lack of pragmatism on taxes, no time-line on GST, and uncertainty on GAAR were key negatives in our view. We expect the Govt. to meet the 4.1% fisc. but with a more realistic spending and tax collection figures.

view more

6 th BRICS MEETING

Prime Minister Narendra Modi waves as he leaves for Brazil to attend the five-nation BRICS summit. (Source: PTI)

BRICS MEET
* Prime Minister Narendra Modi to attend five-nation summit of BRICS
  nations, Fortaleza, Brazil.
* RBI Deputy Governor Urjit Patel to speak at the 6th BRICS summit.
  Fortaleza, Brazil.

REVENUE SECY
* Revenue Secretary Das to be present at ASSOCHAM's interactive session
  on Union Budget 2014-15. 1000 IST, New Delhi.

Thursday, 10 July 2014

CONFERENCES & MARKETS UPDATE

CONFERENCES
AIR CARGO MEET: Aviation Secretary Lavasa, Drug Controller General of India
Singh to speak at the PHD-GMR Round Table on Indian Air Cargo-Future Outlook
summit. 1500 IST, New Delhi.
MARKETS
Call  : Seen opening near the RBI's MSF rate on strong demand from banks to meet weekend reserve needs. 3-day Call. 8.90% vs 8.20-8.30% 1-day Thu.
Bonds : Seen slightly up today on view Thursday's selloff was overdone. Gains limited ahead of auction. 10-year yield: 8.70-8.80% vs 8.76% Thu.
Rupee : May open a tad down tracking global markets. Local share indices eyed. Range: 59.70-60.50/$1 Fri vs 60.19/$1 Thu.
Stocks : To take cues from Infosys' Apr-Jun earnings; May IIP data eyed Nifty range 7500-7700; Thursday-end 7567.75, down 17.25 points.

Wednesday, 9 July 2014

NSE, Sensex, Crude.

INDICATORS (previous session)
* NSE provisional net buy/(sale) in bln rupees, Jul 9: FII 6.45, DII (2.65)
* Institutional net buy/(sale) in bln rupees, Jul 8: FIIs 4.84, MF (2.63)
* FII NSE futures net buy/(sale) in bln rupee, Jul 9: index (6.63), shr 4.57
* Sensex 25444.81, down 137.30 points; Nifty 7585.00, down 38.20 points
* Crude: $102.26/bbl; Rupee: 59.75/$1; Gold: $1,323.8/ounce; 10-yr yld: 8.7270%

Thursday, 3 July 2014

RBI COUNTER



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 8.35%, 20220 bond, 70 bln rupees of 8.60%, 2028 bond, 30 bln rupees of 9.20%, 2030 bond, and 20 bln rupees of 9.23%, 2043 bond.

Cut-off yield seen:
> 8.72-8.75% for 8.35%, 2022 bond.
> 8.60-8.62% for 8.60%, 2028 bond.
> 8.71-8.74% for 9.20%, 2030 bond.
> 8.72-8.75% for 9.23%, 2043 bond.

view more

GOVT BEAT

GOVT BEAT
* FIPB to meet to consider 31 FDI proposals. 1500 IST, New Delhi.
* Food Minister Paswan to address press conference. 1700 IST, New Delhi.

DATA ALERT
> GERMANY MANUFACTURING ORDERS for May. 1130 IST
> UK HALIFAX HOUSE PRICE INDEX for June. 1230 IST
> UK CAR REGISTRATIONS FIGURES for June. 1330 IST
> EURO ZONE RETAIL PURCHASING MANAGERS INDEX for June. 1340 IST
> GERMANY IFO EURO ZONE ECONOMIC OUTLOOK for December quarter. 1530 IST

Repo Rate And Reverse Repo Rate.

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 REVERSE REPO: One set of 4-day variable rate term reverse repo auction for 200 bln rupees.

Tuesday, 1 July 2014

- What's Happening, and Where, on Jul 2

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 AUCTIONS: RBI to hold auctions of 90 bln rupees of 91-day T-bills, and 60 bln rupees of 182-day T-bills.

MISC.
*RBS ROUNDTABLE: Royal Bank of Scotland N.V. roundtable on Jul-Dec outlook for debt capital  market. 1200 IST, Mumbai.
*FACEBOOK MEET: Facebook Chief Operating Officer Sandberg to be present at FICCI Ladies
  Organisation's interactive session. 1300 IST, New Delhi.

MARKETS
Call  : Seen opening at around RBI's MSF rate as demand for funds from banks is seen firm early
in the session. 1-day call: 8.00-8.90% vs 7.50% Tue.

Bonds : Seen steady to slightly higher post SEBI FII gilt limit auction. To remain in tight band,
intraday. 10-year yield: 8.68-8.75% vs 8.74% Tue.

Rupee : To take opening cues from Asian currencies. PSU banks' dlr buys seen offsetting custodialinflows. Range: 59.85-60.30/$1 vs 60.07/$1 Tue.

Stocks: Seen opening up amid positive cues from overseas markets Nifty range 7550-7680;
Tuesday-end 7634.70, up 23.35 points.

view more

TOP EVENTS TODAY

RAJAN SPEAK
* RBI Governor Raghuram Rajan and Queen Maxima of the Netherlands to jointly  address the media. 1400 IST, Mumbai.

INDICATORS (previous session)
* NSE provisional net buy/(sale) in bln rupees, Jul 1: FII 8.56, DII (7.75)
* Institutional net buy/(sale) in bln rupees, Jun 30: MF 2.40
* FII NSE futures net buy/(sale) in bln rupee, Jul 1: index (0.47) shr 6.64
* Sensex 25516.35, up 102.57 points; Nifty 7634.70, up 23.35 points
* Crude: $105.34/bbl; Rupee: 60.07/$1; Gold: $1326.10/ounce; 10-yr yld: 8.7378%