GLOBAL MARKETS ROUNDUP
* Reassuring Chinese factory data and another record high
for Wall Street lifted world stocks and commodities on Monday,
as markets waited to see how far the European Central Bank will
go with policy easing plans this week.
* The dollar hovered near a four-month high against a basket
of major currencies early on Tuesday, bolstered by upbeat U.S.
data and taking advantage of a euro that is still in the
doldrums ahead of a much-anticipated European Central Bank
meeting later this week.
* Brent and U.S. crude oil futures fell in choppy trading on
Monday, weighed on by a stronger dollar and recent data showing
rising OPEC oil production.
* U.S. Treasuries yields rose on Monday, after falling to
one-year lows last week, as investors completed month-end bond
purchases and before a highly anticipated European Central Bank
meeting and U.S. employment report due later this week.
LOCAL MARKETS PREVIOUS CLOSE
* BSE index 24,684.85 (up 1.93 pct)
* NSE index 7,362.50 (up 1.83 pct)
* Rupee 59.1525/1625 per dlr (59.10/11)
* 10-year bond yield 8.66 pct (8.64 pct)
* 5-year OIS rate 8.08 pct (8.09 pct)
* 1-year OIS rate 8.39 pct (8.38 pct)
* Call money 7.05/7.10 pct (7.30/7.40 pct)
KEY EVENTS/FACTORS TO WATCH
* India's central bank to release monetary policy decision
at 0530 GMT.
OVERNIGHT NEWS
* Reserve Bank of India Governor Raghuram Rajan is expected
to keep the country's key lending rate unchanged and temper his
tough rhetoric on inflation in a conciliatory gesture to a new
government elected on a platform of reviving economic growth.
USD/INR NDFs (NY closing prices)
For up-to-date prices, double click PNDF
Close Open High Low Volume
59.46-49 59.50 59.52 59.38 N/A
FII INVESTMENTS-EQUITIES (Net dollars)
June 2* $39.68 mln
Year-to-date** $8.12 bln
* Provisional NSE data
** Source: Data as per the latest custodial filing as on
June 2 on SEBI website.
FII INVESTMENTS-DEBT (Net Dollars) INFIX INFII01* Debt
May 30 $151.48 mln
Year-to-date $7.74 bln
* Source: Data as per latest custodial filing as on June 2
on SEBI website.
GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
June 2
Foreign Banks 3.98 bln
Public Sector Banks 0.84 bln
Private Sector Banks -4.39 bln
Mutual Funds 3.79 bln
Others 5.53 bln
Primary Dealers -9.75 bln
Source: Clearing Corp of India Ltd
===========================================================
Instrument Payment Date Amount
(mln rupees)
===========================================================
SDL 08.45%, 2017 Interest Jun 03 90.84
(RAJASTHAN)
SDL 08.47%, 2017 Interest Jun 03 254.10
(TAMIL NADU)
SDL 08.48%, 2017 Interest Jun 03 212.00
(ANDHRA PRADESH)
SDL 08.50%, 2017 Interest Jun 03 1656.38
(3 States)
7.28% 2019 Interest Jun 03 19292.00
SDL 09.32%, 2023 Interest Jun 04 139.80
(HIMACHAL PRADESH)
SDL 09.33%, 2023 Interest Jun 04 233.25
(RAJASTHAN)
SDL 09.35%, 2023 Interest Jun 04 392.70
(3 States)
SDL 09.37%, 2023 Interest Jun 04 2469.00
(6 States)
SDL 09.38%, 2023 Interest Jun 04 703.50
(TAMIL NADU)
SDL 09.39%, 2023 Interest Jun 04 1784.10
(2 States)
5.59% 2016 Interest Jun 04 1677.00
6.13% 2028 Interest Jun 04 3371.50
-------------------------------------------------------------
ISSUANCES
PAPER DATE AMOUNT (IN BLN RUPEES)
Tbills June 4 140
Bonds June 6 160
LIQUIDITY
* The Reserve Bank of India said on Monday it accepted all
41 bids for 141.55 billion rupees ($2.40 billion) at its one-day
repo auction, through which it injects liquidity into the
banking system.
* Indian banks' refinancing with RBI falls to 281.38 billion
rupees.
* Indian banks' cash balances with RBI rise to 3.30 trillion
rupees.
* Reassuring Chinese factory data and another record high
for Wall Street lifted world stocks and commodities on Monday,
as markets waited to see how far the European Central Bank will
go with policy easing plans this week.
* The dollar hovered near a four-month high against a basket
of major currencies early on Tuesday, bolstered by upbeat U.S.
data and taking advantage of a euro that is still in the
doldrums ahead of a much-anticipated European Central Bank
meeting later this week.
* Brent and U.S. crude oil futures fell in choppy trading on
Monday, weighed on by a stronger dollar and recent data showing
rising OPEC oil production.
* U.S. Treasuries yields rose on Monday, after falling to
one-year lows last week, as investors completed month-end bond
purchases and before a highly anticipated European Central Bank
meeting and U.S. employment report due later this week.
LOCAL MARKETS PREVIOUS CLOSE
* BSE index 24,684.85 (up 1.93 pct)
* NSE index 7,362.50 (up 1.83 pct)
* Rupee 59.1525/1625 per dlr (59.10/11)
* 10-year bond yield 8.66 pct (8.64 pct)
* 5-year OIS rate 8.08 pct (8.09 pct)
* 1-year OIS rate 8.39 pct (8.38 pct)
* Call money 7.05/7.10 pct (7.30/7.40 pct)
KEY EVENTS/FACTORS TO WATCH
* India's central bank to release monetary policy decision
at 0530 GMT.
OVERNIGHT NEWS
* Reserve Bank of India Governor Raghuram Rajan is expected
to keep the country's key lending rate unchanged and temper his
tough rhetoric on inflation in a conciliatory gesture to a new
government elected on a platform of reviving economic growth.
USD/INR NDFs (NY closing prices)
For up-to-date prices, double click PNDF
Close Open High Low Volume
59.46-49 59.50 59.52 59.38 N/A
FII INVESTMENTS-EQUITIES (Net dollars)
June 2* $39.68 mln
Year-to-date** $8.12 bln
* Provisional NSE data
** Source: Data as per the latest custodial filing as on
June 2 on SEBI website.
FII INVESTMENTS-DEBT (Net Dollars) INFIX INFII01* Debt
May 30 $151.48 mln
Year-to-date $7.74 bln
* Source: Data as per latest custodial filing as on June 2
on SEBI website.
GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
June 2
Foreign Banks 3.98 bln
Public Sector Banks 0.84 bln
Private Sector Banks -4.39 bln
Mutual Funds 3.79 bln
Others 5.53 bln
Primary Dealers -9.75 bln
Source: Clearing Corp of India Ltd
===========================================================
Instrument Payment Date Amount
(mln rupees)
===========================================================
SDL 08.45%, 2017 Interest Jun 03 90.84
(RAJASTHAN)
SDL 08.47%, 2017 Interest Jun 03 254.10
(TAMIL NADU)
SDL 08.48%, 2017 Interest Jun 03 212.00
(ANDHRA PRADESH)
SDL 08.50%, 2017 Interest Jun 03 1656.38
(3 States)
7.28% 2019 Interest Jun 03 19292.00
SDL 09.32%, 2023 Interest Jun 04 139.80
(HIMACHAL PRADESH)
SDL 09.33%, 2023 Interest Jun 04 233.25
(RAJASTHAN)
SDL 09.35%, 2023 Interest Jun 04 392.70
(3 States)
SDL 09.37%, 2023 Interest Jun 04 2469.00
(6 States)
SDL 09.38%, 2023 Interest Jun 04 703.50
(TAMIL NADU)
SDL 09.39%, 2023 Interest Jun 04 1784.10
(2 States)
5.59% 2016 Interest Jun 04 1677.00
6.13% 2028 Interest Jun 04 3371.50
-------------------------------------------------------------
ISSUANCES
PAPER DATE AMOUNT (IN BLN RUPEES)
Tbills June 4 140
Bonds June 6 160
LIQUIDITY
* The Reserve Bank of India said on Monday it accepted all
41 bids for 141.55 billion rupees ($2.40 billion) at its one-day
repo auction, through which it injects liquidity into the
banking system.
* Indian banks' refinancing with RBI falls to 281.38 billion
rupees.
* Indian banks' cash balances with RBI rise to 3.30 trillion
rupees.
