{LONGTERMINVESTORS} INDIA DAYBOOK

 

 

 

Today: RBI to hold variable rate, term repo auctions; Environment Minister Prakash Javadekar to speak. WHAT TO WATCH:

• India open to importing U.S. oil in effort to diversify sources

• Oil at $45-$50 is a fair price for world's fourth- biggest buyer

• India startups counting on rural reach to boost e-commerce
• WhatsApp-wielding vigilantes want garbage off India's streets
• Modi rebuts economists who doubt India's world-beating growth

• India's economic success hard-won result of policy: Modi

• India monetary policy panel will have no members from govt, Modi says
• India to raise profit share in small oil fields' production pact
• India to place INR2.8t of defense orders by end-2016: Parrikar
• Global funds +20.4b rupees of local stocks; domestic funds -24.9b rupees yday: Provisional Data
• Easter slaughter tests Sharif's push for a more liberal Pakistan

MEDIA REPORTS:

• Dell Services' Vaswani May Exit After NTT Data Integration: ET

ECONOMY:

• 03/28-03/31: Eight infrastructure industries index for Feb. (Prior +2.9%)

CENTRAL BANK:

• 9:15am: RBI to conduct INR300b overnight variable rate repo auction
• RBI to conduct 150b rupees of 14-day term-repo auction

GOVERNMENT:

• 12:30pm. Environment Minister Prakash Javadekar holds press conference on construction waste & demolition waste management rules

BOND SALES:

• India said to sell 50.35b rupees of govt debt quota to FIIs

CONFERENCES/CORPORATE EVENTS:

• Noon. Mercedes-Benz to launch the S 400 in Hyderabad
• 12:30pm: Equitas Holdings to brief on its IPO plan in Mumbai
• 1pm: Saab India media interaction at Defexpo exhibition in Goa

OFFERINGS:

• Equitas Holdings to raise INR7.2b selling new shrs in IPO starting April 5

ANALYST RATINGS/RESEARCH:

• Escorts rated new buy at Phillip Capital
• Cummins India cut to hold at Axis Capital Ltd.
• SBI cut to hold from buy at HSBC

MARKETS:

• S&P 500 +0.1% to 2,037.05
• Stoxx Europe 600 -1.5% to 335.1
• MSCI Asia Pacific Index -0.3% to 127.72
• Global Commodity Prices Overview

• Gold spot -0.1% to $1,220.40/oz
• Brent futures -0.5% to $40.06/bbl

• SGX CNX Nifty Index futures for March delivery -0.1% to 7,651.50

• Sensex -1.5% to 24,966.40
• Nifty -1.3% to 7,615.10

• Yield on 7.59% bonds maturing Jan. 2026 at 7.5% on March 28
• INR +0.1% to 66.5700/dollar

ADRs (traded value):

• ICICI -3.2% ($57.2m), Tata Motors -1% ($19.4m), Wipro -0.7% ($3.9m), Dr Reddy's -0.5% ($11.1m), Infosys -0.3% ($46.4m), HDFC Bank -0.2% ($16.1m), WNS Holdings +0.1% ($3.2m)

EQUITY PREVIEW:

• ARSS Infrastructure (ARSS): Wins INR1.09b of construction work order
• Dr. Reddy's (DRRD): In licensing pact with Xenoport for XP23829; To pay $47.5m up front for rights
• IDBI Bank (IDBI): LIC of India raises stake to 14.4% from 7.2% after pref. allotment
• Indian Oil (IOCL): Says refiners need some relaxations for BS-6 rules
• Subex (SUBX): Says approved allotment of 81.1m shrs upon FCCB conversion; lenders to U.S. unit to waive off $3.6m interest
• Syndicate Bank (SNDB): To consider INR7.4b shrs issue to govt on March 31
• Torrent Power (TPW): In pact for 197.4mw wind power project
• Wipro (WPRO): In 5-yr pact w/ Jubilant Foodworks for energy management
  ​ 

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