Sensex up 18.30

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.

INDICATORS (previous session)
* NSE provisional net buy/(sale) in bln rupees, Aug 28: FII (7.11), DII 7.30.
* Institutional net buy/(sale) in bln rupees, Aug 27: FIIs 5.32.
* FII NSE futures net buy/(sale) in bln rupee, Aug 28: index 8.47, shr 3.28.
* Sensex 26638.11, up 77.96 points; Nifty 7954.35, up 18.30 points.
* Crude: $95.96/bbl; Rupee: 60.4950/$1; Gold: $1286.5/ounce; 10-yr yld: 8.5588%.

view more

Jan Dhan Yojna across the country

RBI COUNTER
* DAILY LAF TENDERS: One set of 4-day reverse repo (at 7.00%) and 4-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.
* GILT AUCTIONS: RBI to auction 20 bln rupees of 8.27%, 2020 bond, 60 bln rupees of 8.40%, 2020 bond, and 20 bln rupees each of the 8.32%, 2032 bond and 9.23%, 2043 bond.

ACCOUNTS FOR ALL
* Prime Minister Modi to launch Pradhan Mantri Jan Dhan Yojna across the country. Finance Minister Jaitley and RBI Governor Rajan to be present. 1600 IST, New Delhi.

view more

TENDERS & AUCTIONS

INDICATORS (previous session)

* NSE provisional net buy/(sale) in bln rupees, Aug 26: FII 3.65 , DII (2.59)

* Institutional net buy/(sale) in bln rupees, Aug 25: FIIs 1.48, MF 4.39

* FII NSE futures net buy/(sale) in bln rupee, Aug 26: index 2.69 , shr 0.47

* Sensex 26442.81, up 5.79 points; Nifty 7904.75, down 1.55 points

* Crude: $93.86/bbl; Rupee: 60.4350/$1; Gold: $1,284.00/ounce; 10-yr yld: 8.5551% 

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.

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

  + 91-DAY: Yield seen at 8.60-8.64% vs 8.64% a week ago.

  + 182-DAY: Yield seen at 8.65-8.70% vs 8.70% a fortnight ago.

view more

STATE DEVELOPMENT LOAN AUCTION

DATA ALERT
> FRANCE GDP GROWTH in Apr-Jun by OECD. 1530 IST
> US HOUSE PRICE INDEX for June, Apr-Jun. 1830 IST
> US CONSUMER CONFIDENCE INDEX for Aug. 1930 IST

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 76.80 bln rupees worth of bonds issuedby 10 states--Gujarat, Haryana, Himachal Pradesh, Kerala, Maharashtra, Punjab, Rajasthan, Sikkim, Tamil Nadu, West Bengal.

INDICATORS (previous session)
* NSE provisional net buy/(sale) in bln rupees, Aug 25: FII 1.27, DII 0.46.
* Institutional net buy/(sale) in bln rupees, Aug 22: FIIs 2.98.
* FII NSE futures net buy/(sale) in bln rupee, Aug 25: index 1.92, shr 1.68.
* Sensex 26437.02, up 17.47 points; Nifty 7906.30, down 6.90 points.
* Crude: $93.54/bbl; Rupee: 60.5650/$1; Gold: $1,277.20/ounce; 10-yr yld: 8.5566%.

view more

AGROCHEMICALS

DATA ALERT
> GERMANY IFO BUSINESS CLIMATE INDEX for Aug. 1330 IST
> US CHICAGO FED NATIONAL ACTIVITY INDEX for Jul. 1800 IST
> US FLASH SERVICES PMI for Aug. 1915 IST
> US NEW RESIDENTIAL SALES in Jul. 1930 IST
> US TEXAS MANUFACTURING OUTLOOK SURVEY for Aug. 2000 IST

CONFERENCES
* AGROCHEMICALS CONFERENCE: Minister for Chemicals & Fertilizers Ananth Kumar to inaugurate National Conference on Agrochemicals. New Delhi, 1000 IST.

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

Power, Coal & Renewable Energy

INDICATORS (previous session)
* NSE provisional net buy/(sale) in bln rupees, Aug 21: FII 4.13, DII 0.63
* Institutional net buy/(sale) in bln rupees, Aug 20: FIIs 3.06, MF 4.21
* FII NSE futures net buy/(sale) in bln rupee, Aug 21: index (1.57), shr 6.75
* Sensex 26360.11, up 45.82 points; Nifty 7891.10, up 15.80 points
* Crude: $93.96/bbl; Rupee: 60.6700/$1; Gold: $1,275.4/ounce; 10-yr yld: 8.6733%

GOVT BEAT
* Minister of State for Power, Coal & New and Renewable Energy Piyush Goyal to meet variousSolar Power developers, manufacturers and other stakeholders including officers of Ministry of Power, Defence and NTPC. 1600 IST, New Delhi.

view more

International Gold Summit

FIN SECY
Finance Secretary Mayaram to address an interactive session with ASSOCHAM. 1400 IST, New Delhi.

INDIAN BANK Finance Minister Jaitley to be chief guest at Foundation Day Celebration of Indian Bank. 1130 IST, New Delhi.

CONFERENCES
GOLD MEET: WGC India MD Somasundaram, Scotia Mocatta MD Kashyap, MMTC-PAMP MD Khosla at International Gold Summit. 1000 IST, New Delhi.
TRADE MEET: FIEO President Ahmed and CEO Sahai to address press conference on Issues and Challenges to India's Foreign Trade. 1200 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 for reverse repo between 1900 IST and 1930 IST.

view more

GOVT BEAT
* Food Minister Paswan to hold media briefing after a meeting with representatives of state Governments and sugar sector to discuss issue of sugarcane arrears. 1500 IST, New Delhi.

DATA ALERT
> EU GROSS DOMESTIC PRODUCT in Apr-Jun. 1430 IST.
> EU CONSUMER PRICE INDEX in July. 1430 IST.
> US JOBLESS CLAIMS in week ended Aug 9. 1800 IST.
> US DJ-BTMU BUSINESS BAROMETER. 1930 IST.
> US NATURAL GAS STORAGE REPORT in week ended Aug 8. 2000 IST.

RBI COUNTER
* DAILY LAF TENDERS: One set of 5-day reverse repo (at 7.00%) and 5-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 40 bln rupees of 8.40%, 2024 bond, and 20 bln rupees each of the 8.32%, 2032 bond and 9.23%, 2043 bond.

view more

INDICATORS (previous session)
* NSE provisional net buy/(sale) in bln rupees, Aug 12: FII 3.71, DII (0.40)
* Institutional net buy/(sale) in bln rupees, Aug 11: FIIs (1.12), MF (2.49)
* FII NSE futures net buy/(sale) in bln rupee, Aug 12: index 13.91 , shr 6.39
* Sensex 25880.77, up 361.53 points; Nifty 7727.05, up 101.10 points
* Crude: $97.19/bbl; Rupee: 61.08/$1; Gold: $1,309.7/ounce; 10-yr yld: 8.8455%


Nifty companies detailing Apr-Jun earnings:
+ OIL AND NATURAL GAS CORP (net profit seen 59.07 bln rupees, up 47% YoY)
+ TATA STEEL (consol net profit seen 9.8 bln rupees, down 14% YoY)

view more

COMMODITIES

COMMODITIES

CRUDE OIL: Futures settled marginally higher on Monday despite easing geopolitical concerns as expectations of ample US inventories supported prices. Monthly oil market reports are due from the International Energy Agency and the US Energy Information Administration on Tuesday.

--NYMEX Sep futures (a barrel): $98.08 Monday vs $97.65 Friday.

GOLD: Futures declined on Monday due to reduced demand for the safe-haven asset following indications that tensions were easing in Eastern Europe after Russia ended its military exercises near the Ukrainian border and offered to provide humanitarian aid to the country.

--Dec futures (a troy ounce): $1310.50 Monday vs $1311.00 Friday.

view more

CURRENCIES

CURRENCIES

EUR/USD: The euro weakened against the dollar on easing geopolitical concerns and strength in US equities. Traders are also cautious ahead of Germany's ZEW data slated to release later today, which will provide further cues for the trajectory of the currency pair.

--$1.3370 per euro today vs $1.3384 Monday; $1.3410 Friday

USD/JPY: The yen weakened for a second consecutive session against the dollar on account ofreduced demand for the safe-haven currency as tensions over Ukraine eased.

--102.30 yen per $1 today vs 102.19 Monday; 102.00 Friday

view more

International Conference

CONFERENCES

* RBI Deputy Governor Khan to deliver keynote address at 9th Annual International Conference on Public Policy and Management. 1115 IST, Bengaluru.
* LECTURE: RBI Governor Rajan to deliver Lalit Doshi Memorial Lecture. 1800 IST, Mumbai.

Nifty companies detailing Apr-Jun earnings:

+ TATA MOTORS (net profit seen 37.43 bln rupees, up 117% YoY)
+ GAIL INDIA (net profit seen 9.88 bln rupees, up 22% YoY)

INDICATORS (previous session)

* NSE provisional net buy/(sale) in bln rupees, Aug 8: FII (5.04), DII 4.56
* Institutional net buy/(sale) in bln rupees, Aug 7: FIIs 19.59, MF 0.96
* FII NSE futures net buy/(sale) in bln rupee, Aug 6: index (27.20), shr (2.7)
* Sensex 25329.14, down 259.87 points; Nifty 7568.55, down 80.70 points
* Crude: $97.98/bbl; Rupee: 61.14/$1; Gold: $1,308.8/ounce; 10-yr yld: 8.6357%.

view more

DATA ALERT

* GERMANY FOREIGN TRADE for June. 1130 IST

* GERMANY MANUFACTURING TURNOVER for June. 1130 IST

* FRANCE INDUSTRIAL PRODUCTION INDEX for June. 1215 IST

* UK TRADE DATA for June. 1400 IST

* US APR-JUN PRELIMINARY PRODUCTIVITY & COSTS. 1800 IST

* US MONTHLY WHOLESALE TRADE for June. 1930 IST

CONFERENCES

* INDIA-PAKISTAN: Meeting of India-Pakistan Joint Business Forum. 1330 IST, New Delhi.

view more

RBI COUNTER

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

MARKETS
Call  : May open above RBI's repo rate on demand for funds early in the session. 1-day Call: 7.50-8.50% vs 8.95-9.00% Wed.
Bonds : Seen steady before RBI gilt auction Friday. Prices may take cues from rupee. 8.83%, 2023 bond yld: 8.80-8.90% vs 8.86% Wed.
Rupee : To track global cues at open. May be supported by PSU banks' dollar sales. Range: 61.20-61.80/$1 Thu vs 61.49/$1 Wed.
Stocks: Seen extending losses amid weak global market cues. Nifty range 7600-7750; Wed-end 7672.05, down 74.50 points.

view more

CONFERENCES

* TUBERCULOSIS MEET: Health Minister Vardhan to speak at ASSOCHAM tuberculosis awarenessprevention and wellness programme. Health Secretary Verma, Director General, Health Service, Prasad will also be present. 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 for 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 364-day T-bills.

+ 91-DAY: Yield seen at 8.60-8.64% vs 8.64% a week ago.

+ 364-DAY: Yield seen at 8.68-8.78% vs 8.70% a fortnight ago.

view more

MOVERS & SHAKERS

TV Today: Shares of TV Today closed at 6.5-year high by gaining 19.64% at Rs 163.90 at on Monday. The media company reported over two-fold increase in standalone net profit at Rs 32.79 crore for the first quarter ended June 30, 2014.

TVS Motors: Shares in TVS Motor Company surged 4.56% to Rs 159.40 after reporting 32% year-on-year growth in vehicle sales at 203,902 units during the month of July 2014, driven by scooters, which rose by 64%. The two-wheelers maker had recorded sales of 153,676 units in the month of July 2013.

Syndicate Bank: Shares in Syndicate Bank tanked 7.05% to Rs 134.45 in otherwise firm market after the CBI has arrested S K Jain,CMD of the bank, for allegedly accepting bribes from private companies to extend credit facilities.

view more

DATA ALERT & RBI COUNTER

DATA ALERT

* UK CIPS/MARKIT CONSTRUCTION PMI for July. 1400 IST

* EU PPI for June. 1430 IST

* US EMPLOYMENT TRENDS INDEX for July. 1930 IST

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 between1900 IST and 1930 IST.

view more

Audit report

GOVT BEAT

 * FIPB to consider 36 FDI proposals including of Ranbaxy and 10 other pharma companies. 1500 IST, New Delhi.

* Comptroller and Auditor General to hold press briefing on highlights of its audit report on Delhi government's state finances, revenue and economic sector. 1600 IST, New Delhi.

view more