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FACTORS TO WATCH
10:00 am: Cochin Shipyard IPO opens for subscription in Mumbai.
11:00 am: Monsoon event of council continues in New Delhi.
11:00 am: IT Law Minister Ravi Shankar Prasad to establish discussion for
young Superintendents of Police in New Delhi.
12:30 pm: State Bank of India Managing Director Rajnish Kumar during SBI and
Samsung vital proclamation in Mumbai.
3:00 pm: Tech Mahindra annual ubiquitous assembly in Mumbai.
4:00 pm: NTPC Chairman Gurdeep Singh during annual analysts and investors meet
4:30 pm: Marico annual ubiquitous assembly in Mumbai.
6:00 pm: Aviation Minister Ashok Gajapathi Raju and Junior Minister Jayant
Sinha during launch of aircraft upkeep engineering module in New Delhi.
INDIA TRADING FORUM – ACCOUNTING STANDARDS – INDIA vs GLOBAL
As Indian companies continue to transition to a India AS, problems
continue to linger. Recently a IRDAI deferred a execution of IndAS by two
years. At 11:00 am IST, we pronounce to Khushroo Panthaky, a maestro in a field,
and stream comparison partner during Grant Thornton on a hurdles companies face
and what can be finished to lift a peculiarity of Indian corporate governance. To join
the conversation, click on a link: https://forms.thomsonreuters.com/communities/
LIVECHAT – FX FOCUS
A series of modernized economy executive banks are promulgation increasingly hawkish
signals. Currency consultant Mark Farrington, portfolio manager and conduct of Macro
Currency Group, joins us to plead either these tones are correlated or
coordinated, and what that means for a markets. To join a review at
11:30 am IST, click on a link: https://forms.thomsonreuters.com/communities/
INDIA TOP NEWS
â€¢ Snapdeal calls off sale to Flipkart in reversal for SoftBank
Snapdeal pronounced it had motionless to sojourn eccentric and was finale all talks
regarding a sale, bringing a screen down on months of discussions around a
possible partnership of a e-commerce organisation by bigger opposition Flipkart.
â€¢ India’s April-June mercantile necessity hits 81 percent of full-year aim –
India’s mercantile necessity overwhelmed 4.42 trillion rupees during April-June period
or 80.8 percent of a budgeted aim for a stream mercantile year that ends in
March, supervision information showed.
â€¢ IndiGo primogenitor reports record distinction notwithstanding Airbus delays
InterGlobe Aviation, owners of IndiGo airlines, reported a record quarterly
profit powered by expansion in newcomer income though warned that delays in
deliveries of Airbus’s new A320neo aircraft were inspiring margins.
â€¢ India raises concerns around Chinese organisation Fosun’s takeover of Gland-source
India has secretly lifted objections to Chinese organisation Shanghai Fosun
Pharmaceutical Group’s due $1.3 billion takeover of Indian drugmaker Gland
Pharma, a source informed with a matter said.
â€¢ Tech Mahindra first-quarter distinction rises beats estimates
Tech Mahindra Ltd reported a improved than approaching 7 percent arise in
first-quarter profit, helped by new clients for a digital services business.
â€¢ SBI cuts assets deposition rates to strengthen margins
State Bank of India cut deposition rates on a infancy of a savings
accounts to a six-year low, only dual days forward of a routine assembly in that the
central bank is approaching to cut seductiveness rates.
â€¢ Boeing expects India to sequence adult to 2,100 aircraft over 20 years
Boeing Co pronounced it expects Indian airlines to sequence adult to 2,100 new aircraft
worth $290 billion over a subsequent 20 years, job it a highest-ever forecast
for Asia’s third-largest economy.
â€¢ Max Financial calls off partnership with HDFC Standard Life Insurance
Max Financial Services called off a due partnership with HDFC Standard
Life Insurance Co Ltd, citing delays in a process.
GLOBAL TOP NEWS
â€¢ Trump fires communications executive Scaramucci in new White House upheaval
U.S. President Donald Trump suspended recently hired White House communications
chief Anthony Scaramucci on Monday over an pornographic tirade, sources informed with
the preference said, in a latest staff shake for a six-month-old
â€¢ China bureau activity accelerates in Jul on clever trade orders –
Growth in China’s production quickened in July, a private consult showed
on Tuesday, as outlay and new orders rose during a fastest gait given Feb on
strong trade sales.
â€¢ WhatsApp enforcer: Brother of suspended Pakistani PM to move new style
Politics is a family business in Pakistan and suspended personality Nawaz Sharif has
looked no serve than his hermit Shahbaz for a successor, though a prime
minister-in-waiting is no CO duplicate and is expected to chaperon in a new character at
the tip of government.
LOCAL MARKETS OUTLOOK
(As reported by NewsRise)
â€¢ The SGX Nifty Futures were trade during 10,118.50, trade adult 0.1 percent
from a prior close.
â€¢ Indian supervision holds are expected to open solid as investors wait the
outcome of a Monetary Policy Committeeâ€™s two-day assembly that starts today.
The produce on a benchmark 6.79 percent bond sappy in 2027 is expected to trade
in a 6.45 percent-6.49 percent rope today.
â€¢ The Indian rupee will expected open aloft opposite a dollar, as U.S.
political woes and doubt over Federal Reserve rate travel continue to weigh
on a greenback, while informal shares convene after enlivening China
â€¢ The Dow Jones Industrial Average strike a record shutting high on Monday,
helped by Boeing, while offered in Facebook, Alphabet and other technology
companies checked a SP 500 and pulled a Nasdaq lower.
â€¢ Asian shares ticked adult as investors looked to a fusillade of mercantile data
around a universe to endorse new signs a tellurian economy is in clever health
with acceleration staying good contained.
â€¢ The dollar inched adult from a 2-1/2 year low contra a euro, though its
outlook remained dark by U.S. domestic misunderstanding and doubts about whether
there will be another Federal Reserve rate travel this year.
â€¢ U.S. Treasury yields rose on Monday before a complicated week of data, which
will cap in Friday’s practice news for July, and as investors waited
on Wednesday’s refunding proclamation for a entrance quarter.
â€¢ U.S. oil non-stop above $50 per tub for a initial time given late May on
Monday, upheld by clever fuel demand, though ongoing high reserve from producer
club OPEC kept prices from rising further.
â€¢ Gold prices hold solid nearby seven-week highs, upheld by political
uncertainty and a unemployment in dollar, after induction their biggest monthly gain
in 5 months in July.
CLOSE FII INVESTMENTS EQUITIES DEBT
PNDF mark 64.14/64.17 Jul 31 -$186.54 mln $45.03 mln
10-yr bond produce 6.84 pct Month-to-date $578.75 mln $3.14 bln
Year-to-date $9.17 bln $21.14 bln
For additional data:
India govt bond marketplace volumes
Stock marketplace reports
Non-deliverable forwards data
Corporate debt stories [IN CORPD] Local marketplace closing/intraday levels [IN SNAPSHOT] Monthly inflows [INFLOWS RTRS TABLE IN]
($1 = 64.1700 Indian rupees)
(Compiled by Erum Khaled in Bengaluru)