Wednesday, 11 June 2014

What's Happening, and Where, on Jun 12

RBI Diary
* Deputy Governor Khan to speak at a conference organised by SBICAP Securities. 1045 IST, Mumbai.

CORPORATE EVENTS
* EARNINGS for quarter/year ended March to be detailed, among others, by
  + SANJIVANI PARANTERAL
  + SAREGAMA INDIA
  + TULSI EXTRUSIONS
  + ZENITH BIRLA (INDIA)

GOVT BEAT
* Parliamentary Affairs Minister Naidu to address press conference. 1600 IST, New Delhi.

DATA ALERT
From OVERSEAS
  > GERMANY WPI for May. 1130 IST
  > FRANCE BALANCE OF PAYMENTS for April. 1215 IST
  > FRANCE CPI for May. 1215 IST
  > EU LONG TERM INTEREST RATES STATISTICS in May. 1330 IST
  > EU INDUSTRIAL PRODUCTION in April. 1430 IST
  > US JOBLESS CLAIMS for week to Jun 7. Seen 310,000 vs 312,000. 1800 IST
  > US EIA NATURAL GAS STORAGE REPORT for week to Jun 6. 2000 IST

From INDIA
  > INDEX OF INDUSTRIAL PRODUCTION for April, by CSO.
  > CPI FOR COMBINED, RURAL, AND URBAN for May, by CSO.

CONFERENCES
* BFSI CONFERENCE: RBI Deputy Governor Khan, SBI Chairman Bhattacharya. and HDFC Chairman Parekh to speak. 0915 IST, Mumbai.

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 above repo on likely strong demand from banks to meet reserve needs. 1-day call: 8.10-8.20% vs 7.10-7.25% Wednesday.

Bonds : Seen up on likely purchases by FIIs after limit auction Wednesday. 10-year yield: 8.48-8.55% vs 8.53% Wednesday.

Rupee : May open tad down noting dollar's broad strength. To take cues from NDF, other Asian currencies. Range: 59.15-59.50/$1 vs 59.27 Wednesday.

Stocks: Seen consolidating further; economic data releases eyed. Nifty range 7550-7650; Wednesday-end 7626.85, down 29.55 points.

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