What's Happening, and Where, on Apr 2

BOARD MEETING of ARSHIYA INTERNATIONAL to consider preferential issue of shares under debt recast.

PRESS MEET of
NHB, CMD Verma to speak. 1200 IST, Mumbai.
PETRONET LNG, foundation day. Oil Minister Moily, Oman's Oil Minister Al-Rumhy, Petroleum Secretary Chandra, Petronet MD Balyan to be present.1030 IST, New Delhi.

POLITICAL DIARY
AAP leader Yogendra Yadav to speak to media on manifesto for Gurgaon.1130 IST, Gurgaon.

DATA ALERT
From OVERSEAS
UK NATIONWIDE HOUSE PRICE INDEX for Mar. 1130 IST
UK CIPS/MARKIT CONSTRUCTION PMI for Mar. 1400 IST.
EU PPI for Feb. 1430 IST.
EU GDP THIRD ESTIMATE for fourth quarter. 1430 IST.
US MBA WEEKLY MORTGAGE APPLICATIONS SURVEY for wk to Mar 28. 1630 IST.
US ADP NATIONAL EMPLOYMENT REPORT for Mar. 1745 IST.
US ISM-NY REPORT ON BUSINESS for Mar. 1915 IST.
US MANUFACTURERS' SHIPMENTS, INVENTORIES & ORDERS for Feb. 1930 IST.
US EIA WEEKLY PETROLEUM STATUS REPORT for wk to Mar 28. 2000 IST.

CONFERENCES
LECTURE SERIES: Planning Commission Deputy Chairman Ahluwalia to speak at National Council of Applied Economic Research's Distinguished Lecture Series.1730 IST, New Delhi.
MSME MEET: National Small Industries Corp CMD Kumar to speak at a seminar on MSME Prosperity. 1130 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.
T-BILL AUCTIONS: RBI to hold auctions of 90 bln rupees of 91-day T-bills, and 60 bln rupees of 364-day T-bills.

MARKETS
Call: Likely to open sharply lower, as demand from banks may remain subdued. 1-day call: 7.50-8.50% vs 11.00% 4-day Saturday.
Bonds: Seen slightly weaker ahead of RBI gilt auction Friday. 10-year bond yield: 8.78-8.94% vs 8.80% Friday.
Rupee : Seen opening higher on bunched up inflows. RBI policy move may keep sentiment positive. Shares eyed. Range: 59.50-60.20/$1 vs 59.91/$1 Fri.
Stocks: Seen opening higher on positive overseas cues. Nifty range 6650-6750; Tuesday-end 6721.05, up 16.85 points.

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