SPREED THE WELLNESS...

CONFERENCES

 * TRADE MEET: Commerce Secretary Kher and Industry Secretary Kant to address symposium on Benefiting from Regional Trade Agreements. 1000 IST, New Delhi.

* WELLNESS MEET: Health Secretary Verma to speak at ASSOCHAM conference on Illness to Wellness. 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.

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

GLOBAL STOCK MARKETS

* US: Most US indices ended higher on Monday as Japan slipped into a recession and slow growth in the euro zone raised hopes of further monetary stimulus in the two regions.

KEY ASIAN MARKETS

* Opened higher in early trade as Japanese markets rallied on expectations that the government will delay an unpopular sales tax, strengthen monetary stimulus and call for elections.

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DATA ALERT

FUND TRACKER 

* Sundaram Mutual Fund to launch new fund offer. 1430 IST, Mumbai

DATA ALERT

* from OVERSEAS

  > UK UNEMPLOYMENT in Oct. 1500 IST

  > INTERNATIONAL ENERGY AGENCY'S WORLD ENERGY OUTLOOK. 1530 IST

  > EUROZONE INDUSTRIAL PRODUCTION in Sep. 1530 IST

  > US MBA MORTGAGE APPLICATIONS in week to Nov 7. 1730 IST

  > US WHOLESALE TRADE INVENTORY in Sep. 2030 IST

* from INDIA

  > INDEX OF INDUSTRIAL PRODUCTION for Sep, by CSO.

  > CPI FOR COMBINED, RURAL, AND URBAN for Oct, by CSO.

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DATA ALERT

FUND TRACKER

* SUNDARAM NFO: New fund offer launch at Sundaram Mutual Fund Press Conference, 1430 IST, Mumbai


COURT HEARINGS

* Supreme Court to hear PNGRB's plea against Indraprastha Gas Ltd on the issue of board's powers to fix gas tariffs. New Delhi.

* Supreme Court to hear Delhi assembly elections case. New Delhi.


DATA ALERT

> JAPAN CONSUMER CONFIDENCE in Oct. 1030 IST

> JAPAN PRELIMINARY MACHINE TOOL ORDERS in Oct. 1130 IST

> US SMALL BUSINESS OPTIMISM INDEX for Sep. 1800 IST

> US GOLDMAN SACHS CHAIN STORE SALES INDEX for week to Nov 8. 1815 IST

> US JOHNSON REDBOOK RETAIL SALES INDEX for week ended Nov 8. 1925 IST



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INDICATORS , RBI COUNTER, MARKETS :

INDICATORS (previous session)
* NSE provisional net buy/(sale) in bln rupees, Nov 7: FII 25.37, DII (1.92)
* FII NSE futures net buy/(sale) in bln rupee, Nov 7: index 3.32, shr (5.35)
* Sensex 27868.63, down 47.25 points; Nifty 8337.00, down 1.30 points
* Crude: $79.05/bbl; Rupee: 61.63/$1; Gold: $1,172.50/ounce; 10-yr yld: 8.2092%.

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.
* BILL AUCTION : RBI to auction 42-day cash management bills worth 100 bln rupees.

MARKETS
Call  : May open below RBI's repo rate of 8.00% amid ample liquidity. Two-day call: 8.00-9.75 vs 7.40-8.20% Friday.
Bonds : May take cues from US non-farm payrolls data. 10-year bond yield: 8.17-8.22% vs 8.20% Friday.
Rupee : Seen steady to slightly on weak US payrolls. To track local shares. Range: 61.4000-61.7500/$1 vs 61.6300 Fri.
Stocks : Seen rangebound; Jul-Sep earnings to be eyed. Nifty range 8450-8280; Friday-end 8337.00, down 1.30 points.

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MARKETS

INDICATORS (previous session)
* NSE provisional net buy/(sale) in bln rupees, Nov 5: FII 10.31, DII (12.05)
* Institutional net buy/(sale) in bln rupees, Nov 3: FIIs 14.58
* FII NSE futures net buy/(sale) in bln rupee, Nov 5: index 7.22, shr (8.36),
* Sensex 27915.88, up 55.50 points; Nifty 8338.30, up 14.15 points
* Crude: $77.91/bbl; Rupee: 61.41/$1; Gold: $1,142.3/ounce; 10-yr yld: 8.1913%

MARKETS
Call  : May open 40-50 bps below RBI's repo rate of 8.00% amid ample liquidity. Three-day call: 7.40-8.20% vs 7.95-8.00% Wednesday.
Bonds : Seen slightly up on expectation of strong demand at weekly gilt auction. 10-year bond yield: 8.17-8.22% vs 8.19% Wednesday.
Rupee : To track global cues. Asian units, NDF to lend cues at open. Range: 61.20-61.60/$1 vs 61.41 Wednesday.
Stocks: Seen moving in narrow range; Rate sensitive sectors in focus. Nifty range 8322-8400; Wednesday-end 8338.30, up 14.15 points.

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International Labour Organisation

GOVT BEAT

* Signing of Memorandum of Understanding between the Ministry of Micro, Small & Medium Enterprises and the International Labour Organisation. 1630 IST, New Delhi.

DATA ALERT

> ITALY MANUFACTURING PMI for Oct. 1415 IST

> FRANCE MANUFACTURING PMI for Oct. 1420 IST

> GERMANY MANUFACTURING PMI for Oct. 1425 IST

> EUROZONE MANUFACTURING PMI for Oct. 1430 IST

> UK MANUFACTURING PMI for Oct. 1300 IST

> CANADA MANUFACTURING PMI for Oct. 2000 IST

> GLOBAL MANUFACTURING PMI for Oct. 2130 IST

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INDO-OMAN MEETING

 

CONFERENCES

* INDO-OMAN: Industrial Policy and Promotion Secretary Kant and Oman Commerce &  Industry Minister Sunaidi to address India-Oman Joint Business Council. 1100 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.

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

* STATE DEVELOPMENT LOAN AUCTION: RBI to hold auction of 96.50 bln rupees worth of bonds issued by 10 states--Bihar, Haryana, Karnataka, Kerala, Maharashtra, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh and West Bengal.

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