DAILY LAF TENDERS: One set of 2-day reverse repo (at 6.75%) and 2-day repo (at 7.75%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and reverse repo between 1900 IST and 1930 IST.
T-BILL AUCTIONS: RBI to hold auctions of 90 bln rupees of 91-day T-bills, and 60 bln rupees of 182-day T-bills.
+ 91-DAY: Yield seen at 8.81-8.85% vs 8.85% a week ago.
+ 182-DAY: Yield seen at 8.80-8.90% vs 8.97% a fortnight ago.
NIFTY
+ CAIRN INDIA (consol net profit seen 29.19 bln rupee +14% YoY, +1% QoQ)
+ ULTRATECH CEMENT (net profit seen 6.01 bln rupees, (-)17% YoY)
F&O
+ L&T FINANCE HOLDINGS
+ M&M FINANCIAL SERVICES
+ YES BANK (net profit seen 4.08 bln rupee +13% YoY, (-)2% QoQ)
+ HSBC China flash Apr Purchasing Managers' Index at 48.3 vs 48.0 in Mar (var)
CONFERENCES
FIPB MEET: Foreign Investment Promotion Board to consider foreign investment proposals. 1600 IST, New Delhi.
MARKETS
Call : To open above RBI's repo rate on banks' demand to cover two-day reserve needs. Two day call 8.25-9.00% vs 1-day 8.05-8.15% Tue.
Bonds : Prices seen opening firm as sentiment may stay positive due to recent fall in yields. 10-yr yld: 8.83-8.88% vs 8.85% Tue.
Rupee : May open steady to tad lower on month-end dollar demand from importers. To track local share indices. Range: 60.60-61.20/$1 vs 60.76/$1 Tue.
Stocks: May rise on short covering due to April F&O expiry. Nifty range 6780-6850; Tuesday-end 6815.35, down 2.30 points.
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