{LONGTERMINVESTORS} INDIA DAYBOOK: CPI, IIP, States Bond, Term Repo, Quess Corp

 

 

 

Today: Quess Corp shares debut; RBI to hold states bond, term repo auctions; India to release industrial output, consumer price inflation data. WHAT TO WATCH:

• Court accepts plea to restrain unions from striking: SBI
• India seeks application from state traders for corn import by Aug. 8
• Soapmaker Nirma said to plan $596m bond sale for Lafarge deal
• Global funds +INR10.6b of local stocks; domestic funds - INR6.11b yday: Provisional data
• India enters bull market as stimulus bets lift global equities

• Sensex rises 20% from Feb. low on monsoon forecast, inflow

• Asian stocks climbed for second day, with the regional benchmark index heading for its highest close in a month

MEDIA REPORTS:

• Coal India board said to have approved share buyback: CNBC
• Panagariya said top contender for RBI governor: BTVI/Cogencis
• Thyssenkrupp works council against Tata Steel Europe JV: Reuters
• India Plans to Sell 10% of HUDCO in IPO
• Unitech Faces Action for Defaulting on Fixed Deposits: Line

ECONOMY:

• 5:30pm: May industrial output y/y; est. -0.4% (prior -0.8%)
• 5:30pm: June CPI y/y; est. 5.79% (prior 5.76%)

CENTRAL BANK:

• Eight Indian states to sell INR114b of debt
• RBI to conduct INR185b of 14-day term repo auction

GOVERNMENT:

• 9:45. Finance Minister at seminar by NABARD in New Delhi
• 3:25pm: Railways Minister to launch new services in New Delhi
• 3:30pm: Food Minister reviews consumer helpline in New Delhi
• 3:45pm: Farm Minister at NABARD seminar in New Delhi
• 4:30pm: HRD Minister at education policy discussion in Delhi

BOND SALES:

• HDFC to sell up to INR30b of Synthetic Rupee Bonds
• Power Grid postpones INR9.96b bond sale bidding deadline

EARNINGS:

• Cera Sanitaryware (CRS) 1Q

CONFERENCES/CORPORATE EVENTS:

• 9:15am: Quess Corp listing ceremony in Mumbai
• 9:45am: IRDAI chairman at PHD Chamber event in New Delhi
• 11am: Hyundai Motor India to announce CSR Initiative in Delhi

OFFERINGS:

• L&T Infotech IPO gets demand for 123% of shares offered on first day of sale; offer to close July 13

MARKETS:

• S&P 500 +0.3% to 2,137.16
• Stoxx Europe 600 +1.7% to 2,885.32
• MSCI Asia Pacific Index +1.4% to 132.45
• Global Commodity Prices Overview

• Gold spot 0.1% to $1,356.74 oz
• Brent futures +0.3% to $46.39/bbl

• SGX CNX Nifty Index futures for July delivery +0.4%

• Sensex +1.8% to 27,626.69
• Nifty +1.7% to 8,467.90

• Yield on 7.59% bonds maturing Jan. 2026 at 7.38% on July 11
• INR +0.4% to 67.1350/USD

EQUITY PREVIEW:

• Career Point (CRPT): Gets first tranche of INR42m from NSDC
• Edelweiss Financial (EDEL): Says IRDAI accepted application for general insurance co.
• Gujarat NRE (GNC): Says booked 115,000 tons coal cargo for June-July; working to restructure debt
• Igarashi Motors (IGM): Says founder Mukund to sell 3.3m shrs at floor price INR650/shr via OFS on July 12-13
• ION Exchange (ION): To cooperate with Accentuate on Southern Africa water
• Tata Power (TPWR): To raise up to INR35b selling debentures

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