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Morning News Call - India, August 28
2017年8月28日 / 凌晨3点29分 / 23 天前

Morning News Call - India, August 28

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    FACTORS TO WATCH
    9:00 am: Economic Affairs Secretary Subhash Chandra Garg and Finance
Secretary Ashok Lavasa to speak at a seminar on ‘Policy and Regulatory Framework
for Algorithm/High Frequency Trading in India’ in New Delhi.
    10:00 am: Housing Minister Narendra Singh Tomar, Railway Minister Suresh
Prabhu, Junior Finance Minister Arjun Ram Meghwal and SBI Managing Director
Rajnish Kumar at National Real Estate Development Council national convention in
New Delhi.
    10:30 am: InterGlobe Aviation annual general meeting in New Delhi.
    10:30 am: Textile Secretary Anant Kumar Singh at CII meeting in New Delhi.
    2:30 pm: Trade Minister Nirmala Sitharaman and IT Minister Ravi Shankar
Prasad to speak at the launch of Ease of Doing Business report in New Delhi.
    3:00 pm: L&T Finance Holdings annual general meeting in Mumbai. 
    3:00 pm: Voltas annual general meeting in Mumbai. 
    3:00 pm: Power Minister Piyush Goyal at the signing ceremony of
Implementation Agreement of Indo-German Energy Programme-Green Energy Corridors
in New Delhi.
    6:00 pm: Dilip Buildcon to hold conference call following announcement of
signing of agreement for disinvestment of 24 road projects in Mumbai.
    
    TRADING INDIA FORUM - INDIA MACROS
    India has executed a multitude of financial measures during the Modi
government era. From Jan dhan to demonetization, a host of initiatives have
garnered newsbytes. Where do we stand after these plans? Does this help India’s
overall fiscal health? What about state finances and their burgeoning debt? How
far is India from a rating change? To answer this and more we have India’s
former finance secretary Arvind Mayaram joining us at 11:00 am IST. To join the
conversation, click on the link: here

    
    LIVECAHT - FOREX WEEK AHEAD
    FX Buzz analyst Jeremy Boulton analyses G7 currencies at 3.30 pm IST. To
join the conversation, click on the link: here
    
    
    INDIA TOP NEWS
    • New Infosys chairman Nandan Nilekani to focus on CEO search, strategy
    The new chairman of Infosys, Nandan Nilekani, said his priorities were to
find a CEO, reconstitute the board and shape future strategy, as he sought to
calm investors frazzled by the recent shock exit of the firm's chief over a
prolonged row with its founders.
    • After deadly protests, Indian states in lockdown for "godman's" rape
sentencing 
    India is deploying thousands of riot police and shutting down internet
services in two northern states, as it prepares for the sentencing on Monday of
a self-styled 'godman' whose followers went on the rampage after he was
convicted of rape on Friday.
    • India eyes remote air traffic control towers for regional airports
    India is considering setting up remote air traffic control towers to cut
costs and overcome labour shortages, government sources told Reuters, as Prime
Minister Narendra Modi looks to open dozens of regional airports to boost air
travel.
    • Thyssenkrupp should look at Tata Steel JV alternatives - minister
    Thyssenkrupp should consider alternatives to a planned merger of its
European steel activities with those of Tata Steel, German foreign minister
Sigmar Gabriel said on Friday.
    
    
    GLOBAL TOP NEWS
    • Houston devastated by flooding from Harvey as residents gird for days of
rain
    Catastrophic flooding triggered by Tropical Storm Harvey inundated Houston
on Sunday, forcing residents of the fourth most populous U.S. city to flee their
homes in boats or hunker down in anticipation of several more days of
"unprecedented" rainfall.
    • Uber board picks Expedia's Dara Khosrowshahi as new CEO
    Uber Technologies Inc on Sunday hired Dara Khosrowshahi, the chief executive
of travel company Expedia Inc, as its new chief executive, according to two
sources with knowledge of the matter, handing him the challenge of leading the
ride-services company out of a nearly year-long crisis.
    • Britain pushes for talks about the future, EU wants divorce first
    British officials arrive in Brussels on Monday to push the EU towards talks
about their post-Brexit ties, which the bloc refuses to do without an agreement
first on London's exit bill and other divorce issues.
    
    
    LOCAL MARKETS OUTLOOK
    (As reported by NewsRise)
    • The SGX Nifty Futures was trading at 9,891.50, trading up 0.2 percent from
its previous close.
    • Indian government bonds are likely to edge higher in early trade as some
investors may step up purchases amid expectations of gains this week.  The
benchmark 6.79 pct bond maturing in 2027 is likely to trade in a 6.51 pct-6.57
pct band. 
    • The Indian rupee will likely open higher against the dollar, as Federal
Reserve Chair Janet Yellen did not give any indication of future rate increases
in the world's largest economy, while euro gained to over a two-year high,
hurting the greenback.
    
    
    GLOBAL MARKETS
    • U.S. stocks rose slightly on Friday, lifted by high-dividend-paying
stocks, after Federal Reserve Chair Janet Yellen stayed silent on monetary
policy in a much-anticipated speech.
    • U.S. gasoline futures hit a two-year high  Hurricane Harvey pummeled the
heart of America's energy industry, while the euro rose to a 2-1/2-year peak
after the European Central Bank President refrained from talking down the single
currency.
    • U.S. Treasury yields fell on Friday after Federal Reserve Chair Janet
Yellen did not mention monetary policy in a highly anticipated speech, relieving
some investors who thought she might make hawkish comments on the economy.
    • Gold rose to its highest in over a week, extending gains from the previous
session, after Federal Reserve Chair Janet Yellen skipped any mention of
monetary policy in a speech at a central bankers meeting in Jackson Hole.
    
    
                   CLOSE        FII INVESTMENTS  EQUITIES      DEBT
 PNDF spot         64.03/64.06  August 24        -$103.13 mln  $130.10 mln
 10-yr bond yield  6.81 pct     Month-to-date    -$2.02 bln    $1.68 bln
                                Year-to-date     $6.96 bln     $22.82 bln
    
    
    For additional data:
    India govt bond market volumes                 
    Stock market reports                
    Non-deliverable forwards data              
    Corporate debt stories               [IN CORPD]
    Local market closing/intraday levels [IN SNAPSHOT]
    Monthly inflows                      [INFLOWS RTRS TABLE IN]
    
    
    ($1 = 64.0000 Indian rupees)
    
    

 (Compiled by Erum Khaled in Bengaluru)
  

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