Indian markets are expected to open higher on supportive global cues but gains will be capped on negative IIP and FIIs data. U.S. stocks advanced Monday, after the Nasdaq Composite briefly detoured into negative terrain, as investors embraced data that had U.S. retail sales jumping the most since 2012 while tracking tensions in Ukraine. Infosys Q4 result will be announced today. Management commentary for the June quarter, clarity on deal pipeline and signals on talent retention will be closely watched. Markets will react to disappointing IIP data released on Friday after market close which came in at negative 1.9% against expectations of 0.9 expectations.WPI inflation data will also be released today at 11 am. CPI inflation data will be released after market hours. FIIs data was negative after 2 months. They sold Rs 362 crs in cash markets, Rs 305 crs in index futures and Rs 719 crs in stock futures. However, DIIs have bought Rs 365 crs in cash markets. On Friday, Sensex had declined 86 points to close at 22629. There was profit booking in the market indices touched fresh high. Traders were seen booking profit ahead of long holiday. Sensex gained nearly 300 on weekly tally.
DATA ALERT
* JAPAN REVISED MACHINE TOOL ORDERS for Mar. 1130 IST
* UK PRODUCER PRICE INDEX for Mar. 1400 IST
* UK CONSUMER PRICE INDEX for Mar. 1400 IST
* GERMANY ZEW ECONOMIC SENTIMENT INDICATOR for Apr. 1430 IST
* EUROZONE FOREIGN TRADE in Feb. 1430 IST
* US ICSC-GOLDMAN SACHS CHAIN STORE SALES INDEX in week to Apr 12. 1715 IST
* US CONSUMER PRICE INDEX for Mar. 1800 IST
* US REAL EARNINGS in Mar. 1800 IST
* US EMPIRE STATE MANUFACTURING SURVEY for Apr. 1800 IST
* US JOHNSON REDBOOK RETAIL SALES INDEX for week to Apr 12. 1825 IST
* US HOUSING MARKET INDEX for Apr. 1930 IST
FROM INDIA
* WPI INFLATION for Mar, by commerce and industry ministry.
* CPI COMBINED, RURAL, URBAN INFLATION for March, by CSO.
CONFERENCES
* WOMAN ENTREPRENEURSHIP: Bharatiya Mahila Bank CMD Ananthasubramanian to be present at a meet on woman entrepreneurship. 1200 IST, New Delhi.
* HOME EXPO: Textiles Secretary Chatterji to be chief guest at an inauguration of Home Expo India 2014. 1300 IST, New Delhi.
RBI COUNTER
* DAILY LAF TENDERS: One set of 1-day reverse repo (at 7.00%) and 1-day repo(at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and reverse repo between 1900 IST and 1930 IST.
MARKETS
Call : Seen opening slightly above 8% as banks may borrow to cover daily reserve needs early in day. 1-day call: 8.10-8.30% vs 8.00% 3-day Sat.
Bonds : Seen up on firm appetite for gilts. CPI inflation data eyed. 10-year bond yield: 8.90-8.98% vs 8.94% Fri.
Rupee : To take global cues. Likely bunched-up flows may aid. Inflation data, shr market movement eyed.
Range: 59.80-60.50/$1 Tue vs 60.17/$1 Fri.
Stocks: Seen opening higher on global cues; Infosys Jan-Mar earnings eyed Nifty range 6750-6850; Friday-end 6776.30, down 20.10 points.
DATA ALERT
* JAPAN REVISED MACHINE TOOL ORDERS for Mar. 1130 IST
* UK PRODUCER PRICE INDEX for Mar. 1400 IST
* UK CONSUMER PRICE INDEX for Mar. 1400 IST
* GERMANY ZEW ECONOMIC SENTIMENT INDICATOR for Apr. 1430 IST
* EUROZONE FOREIGN TRADE in Feb. 1430 IST
* US ICSC-GOLDMAN SACHS CHAIN STORE SALES INDEX in week to Apr 12. 1715 IST
* US CONSUMER PRICE INDEX for Mar. 1800 IST
* US REAL EARNINGS in Mar. 1800 IST
* US EMPIRE STATE MANUFACTURING SURVEY for Apr. 1800 IST
* US JOHNSON REDBOOK RETAIL SALES INDEX for week to Apr 12. 1825 IST
* US HOUSING MARKET INDEX for Apr. 1930 IST
FROM INDIA
* WPI INFLATION for Mar, by commerce and industry ministry.
* CPI COMBINED, RURAL, URBAN INFLATION for March, by CSO.
CONFERENCES
* WOMAN ENTREPRENEURSHIP: Bharatiya Mahila Bank CMD Ananthasubramanian to be present at a meet on woman entrepreneurship. 1200 IST, New Delhi.
* HOME EXPO: Textiles Secretary Chatterji to be chief guest at an inauguration of Home Expo India 2014. 1300 IST, New Delhi.
RBI COUNTER
* DAILY LAF TENDERS: One set of 1-day reverse repo (at 7.00%) and 1-day repo(at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and reverse repo between 1900 IST and 1930 IST.
MARKETS
Call : Seen opening slightly above 8% as banks may borrow to cover daily reserve needs early in day. 1-day call: 8.10-8.30% vs 8.00% 3-day Sat.
Bonds : Seen up on firm appetite for gilts. CPI inflation data eyed. 10-year bond yield: 8.90-8.98% vs 8.94% Fri.
Rupee : To take global cues. Likely bunched-up flows may aid. Inflation data, shr market movement eyed.
Range: 59.80-60.50/$1 Tue vs 60.17/$1 Fri.
Stocks: Seen opening higher on global cues; Infosys Jan-Mar earnings eyed Nifty range 6750-6850; Friday-end 6776.30, down 20.10 points.
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