{LONGTERMINVESTORS} INDIA DAYBOOK: Modi in South Africa; Weekly Bond Sales, Repo

 

Today: Prime Minister Narendra Modi in South Africa; RBI to hold bond, term repo auctions; Trade Minister Nirmala Sitharaman to meet U.K.'s Business Secretary Sajid Javid. WHAT TO WATCH:

• Prime Minister Modi to interact with Indian community in Johannesburg
• India monsoon rain 35% above normal in 7-days ended July 6

• Total monsoon rainfall 1% above normal as of July 6: IMD

• BSE sets market wide position limits for SLB in 7 stocks
• Oil demand growth to slow in 3Q on China, India: Macquarie
• Global funds -INR3b of local stocks; domestic funds -INR1.6b yday: Provisional data
• Japan shares rally before payrools while oil slump sinks ringgit

MEDIA REPORTS:

• China's Changan said in talks w/ Tamil Nadu govt on plant: ET
• Qatar's QIA said to buy Sahara stake in 3 overseas hotels: CNBC
• GE's stake in SBI Card attracts Carlyle Group, Credit Saison: ET
• India's ministry in favor of raising EPFO investment in ETFs: PTI
• Flag Telecom's proposal to set up unit in India rejected: BS
• Home First Finance plans sale of 30% stake to fund operations: ET

CENTRAL BANK:

• Govt. to sell INR150b of four govt. bonds today
• RBI to conduct INR195b 14-day term repo auction

GOVERNMENT:

• 10am: Home Minister at BRICS Meeting in New Delhi
• 10am: Rural Development Minister at workshop on cleanliness in New Delhi
• 11am: IT Minister at 'Digital Seva Kendras to Deliver Aadhaar Services' in New Delhi

BOND SALES:

• Rural Electrification sends RFP for $150m 5-yrs loan

EARNINGS:

• South Indian Bank (SIB) 1Q
• 8K Miles Software Services (KMSS) 1Q

CONFERENCES/CORPORATE EVENTS:

• 10am: NASSCOM president at ICC summit in New Delhi
• 10am: PHD Chamber conference in New Delhi
• 11am: Fueladream.com to launch crowdfunded electronic bike in India at Bengaluru
• 3:30pm: ILO Director General to address 'National Tripartite Dialogue on Future of Work' in New Delhi
• AGMs:

• South Indian Bank, Birla Corp., Nucleus Software Exports

OFFERINGS:

• Matrimony.Com to start gauging India IPO demand July 11: Terms

MARKETS:

• S&P 500 -0.1% to 2,097.90
• Stoxx Europe 600 +1.1% to 322.12
• MSCI Asia Pacific Index -0.1% to 128.77
• Global Commodity Prices Overview

• Gold spot -0.3% to $1,355.65/oz
• Brent futures +1.0% to $46.86/bbl

• SGX CNX Nifty Index futures for July delivery -0.1% to 8,358.50

• Sensex +0.13% to 27,201.49
• Nifty little changed at 8,337.90

• Yield on 7.59% bonds maturing Jan. 2026 at 7.38% on July 7
• INR +0.1% to 67.3963/USD

ADRs (traded value):

• Tata Motors +1.1% ($73.2m), Dr Reddy's +1.0% ($21.3m), HDFC Bank +1.0% ($33.5m), ICICIBank +0.4% ($116.8m), Wipro -0.4% ($4.4m), Infosys +0.2% ($52.5m), WNS Holdings -0.2% ($3.3m)

EQUITY PREVIEW:

• Bank of India (BOI): Raised INR15b selling 8.57% tier II bonds
• Mahindra Holiday (MHRL): Finland unit in JV pact with city of Kuusamo
• Reliance Industries (RIL): Reliance Jio raises INR20b selling 5-year, 8.32% bonds
• Tata Steel (TATA): Co. said to halt U.K. sale process on Brexit concern
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