Tuesday, 3 June 2014

What's Happening, and Where, on Jun 4.

news_update_bannerIndicators
* Nse Provisional Net Buy/(Sale) In Bln Rupees, June 3: Fii 5.75, Dii 1.00
* Institutional Net Buy/(Sale) In Bln Rupees, June 2: Mf (1.20)
* Fii Nse Futures Net Buy/(Sale) In Bln Rupee, June 3: Index (1.32), Shr 5.44
* Sensex 24858.59, Up 173.74 Points; Nifty 7415.85, Up 53.35 Points
* Crude: $102.66/Bbl; Rupee: 59.38/$1; Gold: $1,244.1/Ounce; 10-Yr Yld: 8.5978%
Global Stock Markets
* Us: After Gaining For Three Consecutive Sessions, Us Indices Retreated From All Time Highs On Tuesday, Ending Marginally In The Red.
* Asia: Most Asian Indices Were Trading Down Amid Weak Cues From Us Markets Overnight.
Sector News
* Banking: The Finance Ministry Is Mulling Creation Of A National Asset Management Company To Take Over Big Non-Performing Assets Of Banks. The Finance Ministry Discussed Various Options To Capitalise State-Owned Banks, Including Reducing Government's Stake In Some Banks Below 58%.
* Courts: The Supreme Court Will Today Pass Its Order On Whether To Allow Sahara Group To Sell Properties, Including Three Hotels In London And New York, And On Group Head Subrata Roy's Plea For Release From Jail.
* Government: Prime Minister Narendra Modi's Meeting With Secretaries Of All The Departments Scheduled Tuesday Has Been Postponed. Ahead Of The Full Budget, Ministers For Railways And Civil Aviation, D.V. Sadananda Gowda And Ashok Gajapathi Raju Met Finance Minister Arun Jaitley At The Latter's North Block Office.
* Weather: The Australian Bureau Of Meteorology Sees A 70% Chance Of El Nino Developing This Year In The Tropical Pacific Ocean And Expects The Weather Phenomenon To Be Established By August.
Stocks
* Autoline Industries: Has Not Got Suitable Offers Yet To Divest Us-Based Arm Autoline Industries Inc.
* Larsen & Toubro: Arm L&T Infrastructure Finance Plans To Issue Non-Convertible Debentures Up To 1 Bln Rupees On Private Placement Basis.
* Maruti Suzuki: Plans To Double The Dealer Outlets In The Next Three Years From 1,331 At Present.
* Orbit Corp: Morgan Stanley Asia Singapore Pte Has Bought 1.24 Mln Shares Or 1.09% Stake In Company At 22.25 Rupees Per Share.
* Tata Motors: Arm Jaguar's Us Sales In May Were 5,840 Units, Up 17% On Year, Jaguar Sales At 1,304 Units, Down 9% On Year Land Rover At 4,536 Units, Up 28% On Year.
Data Alert
* Eu Services Purchasing Managers' Index For May; 1330 Ist
* Uk Cips/Markit Services Purchasing Managers' Index For May; 1400 Ist
* Uk Narrow Money And Reserve Balances Data For May; 1400 Ist
* Eu Producer Price Index For Apr; 1430 Ist
* Eu Gdp Second Estimate For Jan-Mar; 1430 Ist
* Us Mba Mortgage Applications Survey For Week Ended May 30; 1630 Ist
* Us Adp National Employment Report For May; 1745 Ist
* Us Revised Productivity And Costs Data In Jan-Mar; 1800 Ist
* Us International Trade Data For Apr; 1800 Ist
* Us Services Purchasing Managers' Index For May; 1830 Ist
* Us Online Help Wanted Index For May; 1930 Ist
* Us Ism Non-Manufacturing Report On Business For May; 1930 Ist
Conferences
* Capital Markets: Sebi Chairman Sinha, Additional Secretary In The Ministry Of Finance Krishnan, Edelweiss Financial Services Ceo Shah, Jm Financial Chairman Kampani To Speak At Confederation Of Indian Industry Capital Markets Summit. 0930 Ist, Mumbai.
* Healthcare Meet: Health Secretary Verma To Speak At Conference On Changing Dimensions Of Healthcare In India. 1000 Ist, New Delhi.
* Agri Conference: National Academy Of Agricultural Sciences' President Ayyappan To Hold A Press Conference. 1230 Ist, New Delhi.
* Assocham Summit: Health Secretary Verma To Be Present At Assocham National Summit On Ict In Healthcare.1000 Ist, New Delhi.
Markets
Call: Seen Opening Near Repo Rate On As Liquidity Remains Comfortable In Banking System. 1-Day Call: 8.00-8.05% Vs 8.20-8.25% Tue.
Bonds: May Open Weak Wed. Prices To Recover Later Due To Upbeat Market Sentiment. 10-Year Yield: 8.55-8.65% Vs 8.60% Tuesday.
Rupee: Seen Steady-To-Tad Down. May Weaken Intraday On Dollar Demand From Cos, Importers. Shares Eyed. Range: 59.15-59.65/$1 Vs 59.3550/$1 Tue.
Stocks: Likely To Open Flat To Marginally Up; Trade Seen Rangebound. Nifty Range 7350-7450; Tuesday-End 7415.85, Up 53.35 Points.

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