{LONGTERMINVESTORS} INDIA DAYBOOK: State Bonds, Term Repo, Jim Yong Kim, Modi-Rajan

 

 

Today: RBI to hold state-bond, term-repo auctions; World Bank Group President Jim Yong Kim in India on 2-day visit. WHAT TO WATCH:

• Prime Minister Narendra Modi said he appreciated the work done by Raghuram Rajan; condemns personal attacks
• India govt starts process to constitute monetary policy panel
• Sistema agrees to buy back 17% of Indian unit SSTL from Russia
• Belarus signs deal with India to sell potash at $227 per ton
• India names Sujoy Bose CEO of National Investment & Infra Fund
• Bulog aims to import 9,000t of meat from India by end-July
• Trent to consider stocks split, issue of NCDs
• Global funds -INR1.46b of local stocks; domestic funds - INR1.47b: Provisional data
• Morgan Stanley says India among Asia's least exposed to Brexit
• Markets in revolt demand action from Johnson's brexiteer crew

MEDIA REPORTS:

• GMR said in talks with Amazon to lease land in Hyderabad: ET Now
• Tata to tie up with Bell Helicopter for $2b naval contract: ET
• India may form rate setting monetary panel before Aug. 9: ET

ECONOMY:

• 06/27-06/30: Eight infrastructure industries index for May (Prior +8.5%)

CENTRAL BANK:

• Seven Indian states to sell INR73b of bonds
• RBI to conduct INR185b 14-day term repo auction
• RBI to auction INR150b of bonds on June 30

GOVERNMENT:

• 3pm: Science Minister Harsh Vardhan, Power Minister Piyush Goyal at the signing of an agreement by CSIR-CIMFR, Dhanbad, with Coal India in New Delhi

BOND SALES:

• IRFC plans to sell INR 3-yrs 1-mo. bond
• LIC Housing to sell INR2b 10-yrs bonds at 8.48%
• India said to sell INR69.49b of govt debt quota to FIIs

CONFERENCES/CORPORATE EVENTS:

• 11am: Nomura conference call to discuss the impact of Brexit referendum on Asia's economies and FX markets.
• 11am: AEPC to brief on 'Action Plan - Achieving $30b in Textile Exports & 10b Job Creation in 3-Yrs' in New Delhi
• 11am: UNICEF India to release its publication 'The State of the World's Children 2016' in New Delhi
• 11:30am: Rahul Bajaj, chairman of Bajaj Auto; Azim Premji, chairman of Wipro, at the IMC's AGM session in Mumbai
• Noon. FICCI, KPMG session on 'Direct Selling Delhi' in New Delhi
• AGMs:

• Asian Paints, Hindustan Zinc, Dena Bank, Punjab & Sind Bank, Supreme Industries, United Bank of India

OFFERINGS:

• National Stock Exchange plans India, overseas listing next yr

MARKETS:

• S&P 500 -1.8% to 2,000.54
• Stoxx Europe 600 -4.1% to 308.75
• MSCI Asia Pacific Index -0.6% to 124.99
• Global Commodity Prices Overview

• Gold spot -0.3% to $1,321.26 oz
• Brent futures +1% to $47.64/bbl

• SGX CNX Nifty Index futures for June delivery -0.2%

• Sensex +0.02% to 26,402.96
• Nifty +0.08% to 8,094.70

• Yield on 7.59% bonds maturing Jan. 2026 at 7.46% on June 27
• INR little changed at 67.9450/USD

EQUITY PREVIEW:

• Capital First (CAFL): To consider raising funds via debenture on June 30
• OnMobile Global (ONMB): Says shrs buyback offer closed June 27
• Gujarat Gas (GUJGA): Co. gets approval for Ahmedabad district gas distribution
• Punj Lloyd (PUNJ): To place two Singapore units under judicial management
• Shilpa Medicare (SLPA): Approved merger of Navya Biologicals with co.
• Videocon Industries (VCLFIN): Seeks shareholder nod to raise INR 50b via shrs, other instruments
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