GLOBAL MARKETS ROUNDUP
* An index of global stocks was near record highs on Friday
while gold celebrated its biggest one-day rise in nine months as
markets wagered policies would stay super loose in the United
States, Europe and Japan for a long time to come.
* The dollar stayed under pressure early on Friday, but managed
to reverse some of its losses in a quieter session overnight
after upbeat U.S. data helped temper the fallout from the
Federal Reserve's surprisingly dovish policy outlook.
* Brent crude hit a nine-month high of more than $115 a barrel
on Thursday as the United States said it would send military
advisers to Iraq, raising concerns about the escalating
conflict.
* U.S. Treasuries prices fell on Thursday after the government
had to pay more to sell $7 billion in new 30-year Treasuries
Inflation-Protected Securities (TIPS).
LOCAL MARKETS PREVIOUS CLOSE
* BSE index 25,201.80 (down 0.18 pct)
* NSE index 7,540.70 (falls 0.23 pct)
* Rupee 60.08/09 per dlr (60.39/40)
* 10-year bond yield 8.69 pct (8.67 pct)
* 5-year OIS rate 7.89 pct (7.88 pct)
* 1-year OIS rate 8.32 pct (8.33 pct)
* Call money 7.90/8.00 (7.00/7.10 pct)
KEY FACTORS/EVENTS TO WATCH
* India to sell 150 bln rupees of bonds later in the day-
cbank
* India's central bank to conduct a seven-day term repo
auction for 100 billion rupees ($1.68 billion) later in the day.
DEALS
* UPL Ltd said it sold entire stake of 50 percent
in Brazilian agrochemical company Sipcam UPL Brasil s.a
* Textile group Mandhana Industries said its board will meet
on June 23 to consider fundraising options that may include a
share placement to qualified institutional investors, American
or Global Depositary Receipts, foreign currency convertible
bonds or additional debt.
OVERNIGHT NEWS
* India's domestic fuel supplies will not be affected by the
fallout from the conflict in Iraq, although state-run refiners
have been asked to draw up a contingency plan, the oil ministry
said in a statement on Thursday.
India has asked the central bank to tighten controls on
moving funds from abroad into Greenpeace's accounts,
intensifying concerns that the new government of Prime Minister
Narendra Modi will be tough on foreign-funded activist groups.
The monsoon has covered half of India's landmass four days
behind the usual schedule, failing to recover from a late start
that has slowed sowing of summer crops in a country where half
of the farmland still lacks irrigation.
USD/INR NDFs (NY closing prices)
For up-to-date prices, double click
Close Open High Low Volume
60.40-50 60.28 60.48 60.28 N/A
FII INVESTMENTS-EQUITIES (Net dollars)
June 20* -$70.35 mln
Month-to-date** $2.42 bln
Year-to-date** $10.02 bln
* Provisional NSE data
** Source: NSDL
FII INVESTMENTS-DEBT (Net Dollars) INFIX INFII01* Debt
June 19 -$77.91 mln
Month-to-date $2.86 bln
Year-to-date $10.45 bln
* Source: NSDL
GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
June 19
Foreign Banks -3.86 bln
Public Sector Banks 19.60 bln
Private Sector Banks -14.69 bln
Mutual Funds 0.77 bln
Others 3.81 bln
Primary Dealers -5.62 bln
Source: Clearing Corp of India Ltd
LIQUIDITY
* The Reserve Bank of India said on Thursday it accepted all
27 bids for 117.34 billion rupees ($1.97 billion) at its one-day
repo auction, through which it injects liquidity into the
banking system.
* Indian banks' refinancing with RBI falls to 282.83 billion
rupees.
* Indian banks' cash balances with RBI rise to 3.43 trillion
rupees.
($1 = 59.7000 Indian Rupees)
* An index of global stocks was near record highs on Friday
while gold celebrated its biggest one-day rise in nine months as
markets wagered policies would stay super loose in the United
States, Europe and Japan for a long time to come.
* The dollar stayed under pressure early on Friday, but managed
to reverse some of its losses in a quieter session overnight
after upbeat U.S. data helped temper the fallout from the
Federal Reserve's surprisingly dovish policy outlook.
* Brent crude hit a nine-month high of more than $115 a barrel
on Thursday as the United States said it would send military
advisers to Iraq, raising concerns about the escalating
conflict.
* U.S. Treasuries prices fell on Thursday after the government
had to pay more to sell $7 billion in new 30-year Treasuries
Inflation-Protected Securities (TIPS).
LOCAL MARKETS PREVIOUS CLOSE
* BSE index 25,201.80 (down 0.18 pct)
* NSE index 7,540.70 (falls 0.23 pct)
* Rupee 60.08/09 per dlr (60.39/40)
* 10-year bond yield 8.69 pct (8.67 pct)
* 5-year OIS rate 7.89 pct (7.88 pct)
* 1-year OIS rate 8.32 pct (8.33 pct)
* Call money 7.90/8.00 (7.00/7.10 pct)
KEY FACTORS/EVENTS TO WATCH
* India to sell 150 bln rupees of bonds later in the day-
cbank
* India's central bank to conduct a seven-day term repo
auction for 100 billion rupees ($1.68 billion) later in the day.
DEALS
* UPL Ltd said it sold entire stake of 50 percent
in Brazilian agrochemical company Sipcam UPL Brasil s.a
* Textile group Mandhana Industries said its board will meet
on June 23 to consider fundraising options that may include a
share placement to qualified institutional investors, American
or Global Depositary Receipts, foreign currency convertible
bonds or additional debt.
OVERNIGHT NEWS
* India's domestic fuel supplies will not be affected by the
fallout from the conflict in Iraq, although state-run refiners
have been asked to draw up a contingency plan, the oil ministry
said in a statement on Thursday.
India has asked the central bank to tighten controls on
moving funds from abroad into Greenpeace's accounts,
intensifying concerns that the new government of Prime Minister
Narendra Modi will be tough on foreign-funded activist groups.
The monsoon has covered half of India's landmass four days
behind the usual schedule, failing to recover from a late start
that has slowed sowing of summer crops in a country where half
of the farmland still lacks irrigation.
USD/INR NDFs (NY closing prices)
For up-to-date prices, double click
Close Open High Low Volume
60.40-50 60.28 60.48 60.28 N/A
FII INVESTMENTS-EQUITIES (Net dollars)
June 20* -$70.35 mln
Month-to-date** $2.42 bln
Year-to-date** $10.02 bln
* Provisional NSE data
** Source: NSDL
FII INVESTMENTS-DEBT (Net Dollars) INFIX INFII01* Debt
June 19 -$77.91 mln
Month-to-date $2.86 bln
Year-to-date $10.45 bln
* Source: NSDL
GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
June 19
Foreign Banks -3.86 bln
Public Sector Banks 19.60 bln
Private Sector Banks -14.69 bln
Mutual Funds 0.77 bln
Others 3.81 bln
Primary Dealers -5.62 bln
Source: Clearing Corp of India Ltd
LIQUIDITY
* The Reserve Bank of India said on Thursday it accepted all
27 bids for 117.34 billion rupees ($1.97 billion) at its one-day
repo auction, through which it injects liquidity into the
banking system.
* Indian banks' refinancing with RBI falls to 282.83 billion
rupees.
* Indian banks' cash balances with RBI rise to 3.43 trillion
rupees.
($1 = 59.7000 Indian Rupees)
