Wednesday, 1 June 2016

{LONGTERMINVESTORS} DAYBOOK: Jaitley in Osaka, Coal India, Refiners, Sugar

 

 

 

Today: Finance Minister Arun Jaitley will address a 'Make In India' seminar in Osaka. Junior Finance Minister Jayant Sinha at awards event in New Delhi. WHAT TO WATCH:

  • Sebi issues paper on amendment to infra investment trust rules
  • Telecom regulator to unveil network quality portal
  • India should be able to grow 8% this fiscal yr: Das
  • Global funds see more pain for India banks after S&P downgrade
  • Dry Weather Set to Turn India Into Sugar Buyer, ED&F Man Says
  • Digital Darjeeling: Web Auctions Start for India's Priciest Tea
  • Coal India Targets Accelerating Output to 16% From 4%
  • India wouldn't like to discuss RBI governor appointment publicly: Communications Minister
  • India raises support price for monsoon-sown crops 2016-17
  • Global funds +INR2.6b of local stocks; domestic funds - INR1.6b yday: Provisional data

MEDIA REPORTS:

  • Indian Refiners to Clear $6.6B Dues to Iran in 3 Months: ET

ECONOMY:

  • Finance Minister Arun Jaitley will address at Make In India seminar, meet Japanese CEOs, CII delegation in Osaka

GOVERNMENT:

  • 10am: Social Justice Minister at conference with state ministers in New Delhi
  • 11am: Food Processing Industries Minister to brief media in New Delhi
  • 1:30pm: Civil Aviation Minister holds press conference in New Delhi
  • 6:30pm: Junior Finance Minister at Shriram Sanlam awards event in New Delhi

BOND SALES:

  • Dewan Housing Finance plans INR2.5b bond sale
  • PNB Housing Finance sells INR3b 5-yrs 3-mo. bonds

CONFERENCES/CORPORATE EVENTS:

  • 9am: Indian Bank CEO at treasury branch opening in Mumbai
  • 11:30am: Kickstart Entertainment to announce an intellectual property INCA for India's nightlife industry in Mumbai
  • 12:15am: NHPC to discuss 4Q FY16 results in Mumbai
  • 2pm: Castrol India conference call on 1Q 2016 earnings
  • 2:30pm: Brick Eagle, Sheltrex to make announcement in Mumbai
  • 3pm: Mahindra Reva Electric to unveil sedan in New Delhi
  • 4pm: BCIC session with Weidlich Siegfried, deputy trade commissioner of Austrian Trade Commission, in Bengaluru

ANALYST RATINGS/RESEARCH:

  • Blue Star cut to hold at SBI Cap Market
  • Shree Cement raised to buy at Axis Capital Ltd
  • Coal India raised to neutral at JPMorgan

MARKETS:

  • S&P 500 +0.1% to 2,099.3
  • Stoxx Europe 600 -0.8% to 3,038.77
  • MSCI Asia Pacific Index -0.4% to 128.35
  • Global Commodity Prices Overview
    • Gold spot +0.3% to $1,218.43 oz
    • Brent futures +0.1% to $49.78/bbl
  • SGX CNX Nifty Index futures for May delivery -0.2%
    • Sensex +0.2% to 26,713.93
    • Nifty +0.2% to 8,179.95
  • Yield on 7.59% bonds maturing Jan. 2026 at 7.49% on June 1
  • INR -0.3% to 67.4525/USD

EQUITY PREVIEW:

  • Axis Bank (AXIS): To invest INR165m in A.Treds
  • Coal India (COAL): May sales 45.53m tons vs 50.9m target
  • Hero MotoCorp (HMCL): May sales rise 2% Y/y to 583,117 units
  • Kajaria Ceramics (KJC): To consider splitting ech shr into 2
  • Punj Lloyd (PUNJ): UK court ordered unit to pay $26.2m to IFC
  • TVS Motor (TVSL): May sales 243,783 units vs 220,079 yr ago
  • Zee Learn (ZLL): To cancel share swap for Tree House merger
  • Tata Motors (TTMT): May total truck, PV sales 40,071 units vs 39,496
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