What's Happening, and Where, on May 19

DATA ALERT (From OVERSEAS)

* EUROPEAN UNION CONSTRUCTION OUTPUT for Mar. 1430 IST

* GERMANY BUNDESBANK REPORT for May. 1530 IST

CONFERENCES:

* CORPORATE SPEAK: FICCI President Birla and Vice President Suri to speak on 'Enable India - Suggestions for the Imperative and the Important for the New Government.'

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 marginally above RBI repo rate on likely demand for funds from banks. 1-day call: 8.00-8.25% vs 7.25-9.25% two-day call Sat.

Bonds: Seen up on value buying positive sentiment post election result. 10-year yld: 8.78-8.83% vs 8.83% Fri.

Rupee : Seen opening firm as NDA seen forming govt. To track local shares. Range: 58.30-59.00/$1 vs 58.78/$1 Friday.

Stocks: Seen extending gains from Friday on election outcome euphoria. Nifty range 7150-7300; Friday-end 7203.00, up 79.85 points.

MEDIA PICKS

* BJP PM-elect Modi set to get free hand in both govt, party (ToI)

* Jaitley, Rajnath should in Cabinet, feels Sangh (ToI)

* Bihar CM Nitish takes a day to rethink exit (ToI)

* Joint House session for key bills likely (ToI)

* BJP, AAP in no mood for fresh Delhi elections (ToI)

* Stalin offers to quit, backtracks (ToI)

* Plot to assassinate MIM leader Owaisi busted (ToI)

FOREIGN AFFAIRS

* China evacuates 3,000 from Vietnam (ToI)

* Egypt jails over 170 Morsi supporters (AP)

* South Korea to break up coastguard (BBC)

* Four killed in Nigeria Kano blast (BBC)

* Swiss reject world's highest minimum wage (RTR)

* MH370 shot down during US-Thai army drill, says book (The Independent)

BUSINESS AND ECONOMY (INDIA-RELATED)

* CBI to question SEBI chief Sinha in MCX-SX scam (ToI)

* Rangarajan, Montek Singh put in papers (HT)

* Being Human eyes UK, Africa foray by 2015; plans own oline store (HT)

* SKS Trust buys 70% in Outreach Financial Services (BS)

* Jet Airways reworking profitability plan (BS)

* Edelweiss sees Sensex touching 29000 by Dec (PTI)

* RBI's early warning signal suggest 660-bln-rupee NPAs (FE)

* SBI not looking at SPV for capital (FE)

* Kumar Mangalam Birla to buy 16% in Century Textiles (ET)

* Infosys to match rivals in CEO remuneration (ET)

FROM OVERSEAS

* AT&T to buy DirecTV for $48.5 bln (FT)

* AstraZeneca set to reject 'final' Pfizer offer (FT)

* Facebook ready to take on Snapchat (FT)

* Deutsche Bank to raise 6.5 bln pound capital (BBC)

SPORTS

* IPL: Kolkata Knightriders beat Sunrisers Hyderabad (ToI)

* MCA-BCCI row intensifies as IPL final stays in Bengaluru (ToI)

* Bayern Munich beat Borussia Dortmund 2-0 to win German Cup (HT)

* Djokovic wins third Italian Open (BBC)

INDICATORS (previous session)

* NSE provisional net buy/(sale) in bln rupees, May 16: FII 36.35, DII (3.49)

* Institutional net buy/(sale) in bln rupees, May 15: FIIs 11.68

* FII NSE futures net buy/(sale) in bln rupee, May 16: index (8.48), shr (23.79)

* Sensex 24121.74, up 216.14 points; Nifty 7203.00, up 79.85 points

* Crude: $102.02/bbl; Rupee: 58.78/$1; Gold: $1,292.70/ounce; 10-yr yld: 8.8342%

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