What's Happening, and Where, on Apr 22

DATA ALERT

*JAPAN INDEXES OF BUSINESS CONDITIONS in Feb. 1030 IST

*UK CAPITAL ISSUANCE in Mar. 1400 IST

EU CONSTRUCTION OUTPUT in Feb. 1430 IST

*US ICSC-GOLDMAN SACHS CHAIN STORE SALES for week to Apr 19. 1715 IST

*CANADA WHOLESALE TRADE for Feb. 1800 IST

*US JOHNSON REDBOOK RETAIL SALES for week to Apr 19. 1825 IST

*US MONTHLY HOUSE PRICE for Feb. 1830 IST

*US EXISTING HOME SALES for Mar. 1930 IST

*US RICHMOND FED BUSINESS ACTIVITY SURVEY for Apr. 1930 IST

RBI COUNTER

* DAILY LAF TENDERS: One set of 1-day reverse repo (at 6.75%) and 1-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.

* STATE DEVELOPMENT LOAN AUCTION: RBI to hold auction of bonds of eleven states--Andhra Pradesh, Arunachal Pradesh, Goa, Jammu & Kashmir, Kerala, Maharashtra, Mizoram, Rajasthan, Tamil Nadu, Uttar Pradesh, and West Bengal--worth 84.16 bln rupees.

MARKETS

Call  : To open above RBI's repo rate on banks' demand to cover reserve needs. 1 day call 8.00-9.25% vs 9.10-9.20% Mon.

Bonds : Seen steady to tad higher on improved market sentiment. 10-year bond yield: 8.83-9.00% vs 8.86% Mon.

Rupee : Seen opening down. Global cues, local share indices eyed. Exporters' dlr sales may support intraday. Range: 60.35-60.80/$1 vs 60.59/$1 Mon.

Stocks: Seen trading with a positive bias. Jan-Mar earnings eyed. Nifty range 6770-6850; Monday-end 6817.65, up 38.25 points.

MARKET MOVERS

Shasun Pharmaceuticals: Shares in Shasun Pharmaceuticals was locked in 20% upper circuit at Rs 105 after the company said it is planning to raise fund by issuing equity shares/warrants to promoters of the company on preferential basis.

Liberty Shoes: Shares in Liberty Shoes rallied 14.43% to Rs 187.60 after reporting an over four-fold jump in its March quarter net profit at Rs 4.27 crore, due to higher sales. The footwear maker had posted a net profit of Rs 0.97 crore in the same quarter last fiscal.

Wipro: Shares in Wipro tanked 6.65% to Rs 546.60 after company's information technology (IT) revenue guidance for the first quarter (Q1FY2015) of current fiscal was seen below estimates by some analysts.

view more