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%.

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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.

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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.

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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.

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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.

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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.

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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.

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