GLOBAL MARKETS ROUNDUP
* Tokyo shares led Asia higher early on Monday, lifted by
another closing record on Wall Street and upbeat China data,
while the euro held recent gains against the dollar but remained
shaky ahead of a closely watched European Central Bank
meeting.
* The dollar edged up slightly in early Asian trade, while
the euro came under pressure as the market braced for further
stimulus measures from the European Central Bank this
week.
* U.S. crude fell on Friday as traders took profit at the
end of the month, although the American benchmark rose 3 percent
in May, underpinned by supply worries and strong gasoline demand
in the United States.
* Benchmark U.S. Treasuries yields rose on Friday as the
investor demand that stoked May's bond rally faded and Wall
Street dealers sought to resell their share of this week's $95
billion in fixed-rate government debt supply.
LOCAL MARKETS PREVIOUS CLOSE
* BSE index 24,217.34 (down 0.07 pct)
* NSE index 7,229.95 (down 0.08 pct)
* Rupee 59.10/11 per dlr (59.03/04)
* 10-year bond yield 8.64 pct (8.67 pct)
* 5-year OIS rate 8.09 pct (8.13 pct)
* 1-year OIS rate 8.38 pct (8.39 pct)
* Call money 7.30/7.40 pct (8.95/9.00 pct)
KEY EVENTS/FACTORS TO WATCH
* HSBC Market Manufacturing PMI to be released at 0530 GMT.
OVERNIGHT NEWS
* India's central bank on Friday announced its first-ever
term reverse repo auction to drain excess cash from the banking
system, which traders attributed to bunched-up government
spending after elections.
* India's new finance minister vowed on Sunday to uphold
fiscal discipline, despite pressure on public finances from
figures showing the economy grew by less than 5 percent in the
fiscal year just ended.
USD/INR NDFs (NY closing prices)
For up-to-date prices, double click PNDF
Close Open High Low Volume
59.51-54 59.24 59.55 59.27 N/A
FII INVESTMENTS-EQUITIES (Net dollars)
May 30* $503.83 mln
Month-to-date (May) $2.35 bln
Year-to-date** $7.60 bln
* Provisional NSE data
** Source: Data as per the latest custodial filing as on
May 30 on SEBI website.
FII INVESTMENTS-DEBT (Net Dollars) INFIX INFII01* Debt
May 29 $67.41 mln
Month-to-date $3.35 bln
Year-to-date $7.59 bln
* Source: Data as per latest custodial filing as on May 30
on SEBI website.
GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
May 30
Foreign Banks 25.36 bln
Public Sector Banks -5.25 bln
Private Sector Banks -8.91 bln
Mutual Funds 3.32 bln
Others -5.20 bln
Primary Dealers -9.33 bln
Source: Clearing Corp of India Ltd
ISSUANCES
PAPER DATE AMOUNT (IN BLN RUPEES)
Tbills June. 4 140
LIQUIDITY
* The Reserve Bank of India said on Friday it accepted all
seven bids for 28.07 billion rupees ($475.6 million) at its
three-day evening repo auction, through which it injects
liquidity into the banking system.
* Indian banks' refinancing with RBI falls to 281.49 billion
rupees.
* Indian banks' cash balances with RBI rise to 3.31 trillion
rupees.
* Tokyo shares led Asia higher early on Monday, lifted by
another closing record on Wall Street and upbeat China data,
while the euro held recent gains against the dollar but remained
shaky ahead of a closely watched European Central Bank
meeting.
* The dollar edged up slightly in early Asian trade, while
the euro came under pressure as the market braced for further
stimulus measures from the European Central Bank this
week.
* U.S. crude fell on Friday as traders took profit at the
end of the month, although the American benchmark rose 3 percent
in May, underpinned by supply worries and strong gasoline demand
in the United States.
* Benchmark U.S. Treasuries yields rose on Friday as the
investor demand that stoked May's bond rally faded and Wall
Street dealers sought to resell their share of this week's $95
billion in fixed-rate government debt supply.
LOCAL MARKETS PREVIOUS CLOSE
* BSE index 24,217.34 (down 0.07 pct)
* NSE index 7,229.95 (down 0.08 pct)
* Rupee 59.10/11 per dlr (59.03/04)
* 10-year bond yield 8.64 pct (8.67 pct)
* 5-year OIS rate 8.09 pct (8.13 pct)
* 1-year OIS rate 8.38 pct (8.39 pct)
* Call money 7.30/7.40 pct (8.95/9.00 pct)
KEY EVENTS/FACTORS TO WATCH
* HSBC Market Manufacturing PMI to be released at 0530 GMT.
OVERNIGHT NEWS
* India's central bank on Friday announced its first-ever
term reverse repo auction to drain excess cash from the banking
system, which traders attributed to bunched-up government
spending after elections.
* India's new finance minister vowed on Sunday to uphold
fiscal discipline, despite pressure on public finances from
figures showing the economy grew by less than 5 percent in the
fiscal year just ended.
USD/INR NDFs (NY closing prices)
For up-to-date prices, double click PNDF
Close Open High Low Volume
59.51-54 59.24 59.55 59.27 N/A
FII INVESTMENTS-EQUITIES (Net dollars)
May 30* $503.83 mln
Month-to-date (May) $2.35 bln
Year-to-date** $7.60 bln
* Provisional NSE data
** Source: Data as per the latest custodial filing as on
May 30 on SEBI website.
FII INVESTMENTS-DEBT (Net Dollars) INFIX INFII01* Debt
May 29 $67.41 mln
Month-to-date $3.35 bln
Year-to-date $7.59 bln
* Source: Data as per latest custodial filing as on May 30
on SEBI website.
GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
May 30
Foreign Banks 25.36 bln
Public Sector Banks -5.25 bln
Private Sector Banks -8.91 bln
Mutual Funds 3.32 bln
Others -5.20 bln
Primary Dealers -9.33 bln
Source: Clearing Corp of India Ltd
ISSUANCES
PAPER DATE AMOUNT (IN BLN RUPEES)
Tbills June. 4 140
LIQUIDITY
* The Reserve Bank of India said on Friday it accepted all
seven bids for 28.07 billion rupees ($475.6 million) at its
three-day evening repo auction, through which it injects
liquidity into the banking system.
* Indian banks' refinancing with RBI falls to 281.49 billion
rupees.
* Indian banks' cash balances with RBI rise to 3.31 trillion
rupees.
