CONFERENCES

CONFERENCES
* FOOD R&D: Food Research & Development seminar, Mumbai.

* SKILLS CONVENTION: Minister of Urban Development, Housing and Urban Poverty Alleviation Naidu, Minister of State for Rural Development Kushwaha, Ministry of Rural Development's Secretary Goyal and Microsoft India's Managing Director Bajwa to be present at CII's National Convention on Skills for the Rural and Urban Poor. 1400 IST, New Delhi.

RBI COUNTER
* BUYBACK: Government to buy back total 80 bln rupees worth of 7.32%, 2014 bond, the 7.56%, 2104 bond, the 6.49%, 2015, the 7.17%, 2015 bond and the 7.38%, 2015 bond.
* 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 030 IST, and reverse repo between 1900 IST and 1930 IST.

DATA ALERT
> US JOBLESS CLAIMS week to Sep 20. 1800 IST. Seen 296,000 vs prev 280,000.
> US FLASH SERVICES PMI for Sep. 1345
> US BLOOMBERG CONSUMER COMFORT INDEX. 1915 IST
> US DJ-BTMU BUSINESS BAROMETER for week to Sep 13. 1930 IST
> US EIA NATURAL GAS STOCKS in week to Sep 19. 2000 IST

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RBI to hold auctions of 70 bln rupees of 91-day T-bills

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 70 bln rupees of 91-day T-bills, and 50 bln rupees of 182-day T-bills.
  + 91-DAY: Yield seen at 8.60%% vs 8.60-8.64% a week ago.
  + 182-DAY: Yield seen at 8.65-8.70% vs 8.62-8.67% a fortnight ago.

DATA ALERT
> Italy Consumer Confidence Index for Sep. 1330 IST. Seen 101.5 vs 101.9 Aug
> Germany Ifo Business Climate Index for Sep. 1330 IST
> US MBA Mortgage Applications Survey for week ended Sep 19. 1630 IST
> US New home Sales in Aug. 1930 IST. Seen 426,000 vs 412,000 in Jul.
> US EIA fuel stocks in week to Sep 19. 2000 IST

GOVT BEAT
* Textile Minister Gangwar to chair state textile ministers meeting. 1000 IST, New Delhi.
* Sports & Youth Affairs Minister Sonowal to address a press conference. 1500 IST, New Delhi.
* Health & Family Welfare Minister Vardhan to release India Infrastructure Report 2013-14: The Road to Universal Coverage. 1400 IST, New Delhi.

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MSME conference

GOVT BEAT

* MSME Minister Mishra to address a press conference on achievements of the ministry. 1500 IST, New Delhi.

RBI COUNTER
* TERM REPO TENDER: One set of 14-day variable rate term repo for 155 bln rupees. Bids for term repo tender may be submitted between 1100 and 1130 IST.
* STATE DEVELOPMENT LOAN AUCTION: RBI to hold auction of 83.00 bln rupees worth of bonds issued by 11 states--Andhra Pradesh, Gujarat, Haryana, Maharashtra, Madhya Pradesh, Mizoram, Puducherry, Punjab, Rajasthan, TamilNadu, West Bengal.

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Valuation and Reserve Price of Spectrum

GOVT BEAT

* Commerce Secretary Kher to be present at EEPC India's event. 1430 IST, New Delhi.

* Food Processing Industries Minister Badal to address conference. 1500 IST, New Delhi. 




CONFERENCES

* TRAI MEET: Telecom Regulatory Authority of India to hold open house discussion on 'Valuation and Reserve Price of Spectrum: Licences expiring in 2015-16'. 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.



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Real Estate Bill

INDICATORS (previous session)
* NSE provisional net buy/(sale) in bln rupees, Sep 18: FII (0.09), DII 0.84
* Institutional net buy/(sale) in bln rupees, Sep 17: FIIs 1.78, MF 3.33
* FII NSE futures net buy/(sale) in bln rupee, Sep 18: index 6.45, shr 0.81
* Sensex 27112.21, up 480.92 points; Nifty 8114.75, up 139.25 points
* Crude: $91.98/bbl; Rupee: 60.84/$1; Gold: $1,226.9/ounce; 10-yr yld: 8.4534%.

GOVT BEAT

* Housing and Urban Poverty Alleviation Minister Naidu to chair multi-stakeholder consultations on Real Estate Bill. 0930 IST, New Delhi. * Agriculture Minister Singh to brief media about initiatives and achievements of the ministry. 1500 IST, New Delhi.

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Chinese President Xi to meet Prime Minister Modi

INDIA-CHINA TIES

* Chinese President Xi to meet Prime Minister Modi. Media briefing to be held following signing of agreements between the two countries. 1100 IST, New Delhi.

CONFERENCES

* TOURISM: Maruti Suzuki Chairman Bhargava to speak at ASSOCHAM's 'International Meet on Buddhist Tourism'. 1000 IST, New Delhi.

* TELECOM CONVERGENCE: Bharti Enterprise Ltd's Managing Director Kohli to speak at Telecom Convergence Summit. 1000 IST, New Delhi.

* CII INTERACTION: US Department of Commerce's SelectUSA Executive Director Thummalapally to speak at an interaction by CII. 1545 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.

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Reverse Repo

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 70 bln rupees of 91-day T-bills, and 50 bln rupees of 364-day T-bills.

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

  + 364-DAY: Yield seen at 8.63-8.68% vs 8.66% a fortnight ago.

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GOVT BEAT
* Agriculture Minister Singh to inaugurate state ministers conference on animal husbandry, dairying and fisheries. 1000 IST, New Delhi
* Social Justice & Empowerment Minister Gehlot to brief media on achievements during first 100 days in office. 1200 IST, New Delhi.

CONFERENCES

* HEALTH MEET: Health Minister Harsh Vardhan to address Public Health Foundation of India's conference on Universal Health Assurance. Health Secy Verma, National Pharmaceutical Pricing Authority Chairman Srinivas to be present. 0845 IST, New Delhi.

* GLOBAL DIVERSITY: Environment Minister Javadekar to address the governing body of Global Biodiversity Information Facility. 0900 IST, New Delhi.

RBI COUNTER

* 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.

* GILT REPURCHASE AUCTION: RBI to repurchase 7.32%, 2014 bond, 7.56%, 2014 bond, 6.49%, 2015 bond, 7.17%, 2015 bond and 7.38%, 2015 bond through reverse auction for up to 200 bln rupees.

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RBI to hold auctions

GOVT BEAT
* Commerce and Industry Minister & Commerce Secretary to hold press conference on initiatives and issues related to Department of Commerce.  1200 IST, New Delhi.
* Minister of Consumer Affairs, Food and Public Distribution Paswan to address press conference to brief about initiative taken and roadmap planned by his Ministry. 1500 IST, New Delhi.

DATA ALERT
> FRANCE JOB CREATION in Apr-Jun. 1100 IST
> FRANCE INDUSTRIAL PRODUCTION INDEX in Jul. 1215 IST
> US MBA MORTGAGE APPLICATIONS SURVEY for week to Sep 5. 1630 IST
> US WHOLESALE TRADE for Jul. 1930 IST
> US EIA CRUDE OIL, PRODUCTS' INVENTORY REPORT for week to Sep 5. 2000 IST

* T-BILL AUCTIONS: RBI to hold auctions of 70 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 8.60% a week ago.
  + 182-DAY: Yield seen at 8.62-8.67% vs 8.68% a fortnight ago.

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Civil Aviation "INDIA"

RBI DIARY
* Governor Rajan to speak at Organisation for Economic Co-operation and Development. 1630-1900 IST, Paris.

POLITICAL DIARY
* Minister for Information and Broadcasting Javadekar to confer the Bhartendu Harishchandra Puraskar for 2011 and 2012. 1545 IST, New Delhi.
* Minister for Civil Aviation Pusapati to hold press conference on the achievements of his ministry. 1200 IST, New Delhi.

MARKETS
Call : May open tad above RBI's repo rate as banks likely to borrow funds early to meet reserve needs. 1-day call: 7.50-8.30% vs 8.20-8.25% Mon.
Bonds : Seen slightly up on absence of gilt auction this week. To take cues from crude oil prices. 10-yr bond yld: 8.48-8.53% vs 8.50% Mon.
Rupee : May open steady to tad higher on likely dollar inflows and as domestic stock indices may rise more. Range: 60.00-60.40/$1 Tue vs 60.29 Mon.
Stocks : Seen opening firm. May scale lifetime highs. Nifty range 8100-8230; Monday-end 8173.90, up 87.05 points.

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GLOBAL STOCK MARKETS

INDICATORS (previous session)
* NSE provisional net buy/(sale) in bln rupees, Sep 5: FII 3.10, DII (3.55)
* Institutional net buy/(sale) in bln rupees, Sep 4: FIIs 17.32, MF (1.12)
* FII NSE futures net buy/(sale) in bln rupee, Sep 5: index (5.94), shr (6.31)
* Sensex 27026.70, down 59.23 points; Nifty 8086.85, down 9.10 points
* Crude: $93.29/bbl; Rupee: 60.39/$1; Gold: $1,268.40/ounce; 10-yr yld: 8.5221%

GLOBAL STOCK MARKETS
* US: Key US indices ended higher on Friday as disappointing employment data for August reassured investors that the US Federal Reserve will not hike lending rates in a hurry. The S&P 500 ended at a record closing high.
* Asia: Key Asian indices were trading mixed with a downward bias as investors exercised caution ahead of the release of China August trade data.

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RBI to auction 20 bln rupees

POLITICAL DIARY
* Agriculture Minister Singh to address Dairy Vision 2025 Opportunities and the Way Forward1200 IST, New Delhi.
* Australian Prime Minister to meet Prime Minister Modi and sign bilateral agreements. 1830 IST, New Delhi.

From INDIA
> KHARIF SOWING, BY AGRICULTURE MINISTRY, as on Sep 4.
> WMA AND FOREX RESERVES, BY RBI, as on Aug 29.

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 20 bln rupees of 8.27%, 2020 bond, 60 bln rupees of 8.60%, 2028 bond, and 20 bln rupees each of the 9.20%, 2030 bond and 8.30%, 2042 bond.

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MARKETS TO TRADE ON POSITIVE NOTE LED BY PHARMA, TECH & OMCs

We see Indian markets opening and trade on positive note on steady global cues and continued fall in Crude prices. Improving fundaments are driving the Indian markets to record highs. With strong dollar , today’s rally will be led by exporters such as Pharma and Tech stocks. Sharp Fall in crude oil price may also see rally in OMCs and ONGC.

ACC : Orient Cement (up 5.27% at Rs 127.80), Heidelberg Cement India (up 6.24% at Rs 74.5), Udaipur Cement Works (5% at Rs 23), have hit their respective record highs on BSE.Among the frontline stocks - ACC and Ambuja Cements were up 3.42% each at Rs 1,552.10 & 3.50% at Rs 215.80 respectively on the BSE. UltraTech Cement was up 2.77% at Rs 2,719.

Bharti Airtel : Shares in Bharti Airtel gained by 4.24% to Rs 391.90, extending its previous day’s nearly 2% gain after the company said it's arm signed an agreement to acquire over 2.7 million subscribers of yuMobile.

TVS Motor : Shares in TVS Motor Company rallied 4.08 % at Rs 201.30 on National Stock Exchange after reporting a robust 46% year-on-year (yoy) growth in total sales in the month of August 2014 to 227,482 units.

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Issue of equity shares on a preferential basis.

Annual General Meetings of
Ashika Credit Capital, Bengal & Assam Co, Bharat Forge, Florence Investech, Jubilant Industries, Jubilant Life Sciences, Kama Holdings, Kirloskar Industries, Tivoli Construction.

Board Meeting of
Thirthankar Infra to consider issue of equity shares on a preferential basis.

INDICATORS (previous session)
* NSE provisional net buy/(sale) in bln rupees, Sep 1: FII 5.54, DII (5.62)
* Institutional net buy/(sale) in bln rupees, Aug 28: FIIs (0.54), MF 11.11
* FII NSE futures net buy/(sale) in bln rupees, Sep 1: index (0.42), shr 1.35
* Sensex 26867.55, up 229.44 points; Nifty 8027.70, up 73.35 points
* Crude: $95.96/bbl; Rupee: 60.5250/$1; Gold: $1287.10/ounce; 10-yr yld: 8.5497%.

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