What's Happening, and Where, on Jun 6.

INDICATORS 

* NSE provisional net buy/(sale) in bln rupees, Jun 5: FII 13.69, DII (4.26)

* FII NSE futures net buy/(sale) in bln rupee, Jun 5: index (8.89), shr 8.65

* Sensex 25019.51, up 213.68 points; Nifty 7474.10, up 71.85 points

* Crude: $102.48/bbl; Rupee: 59.33/$1; Gold: $1,253.3/ounce; 10-yr yld: 8.5265%

STOCKS

* CAIRN INDIA: BHARAT PETROLEUM CORP AND HINDUSTAN PETROLEUM CORP have shown

interest in buying crude oil from the company.

* FINANCIAL TECHNOLOGIES: The Forward Markets Commission has directed the board

of arm National Spot Exchange to accelerate the process of recovering money from defaulters.

* HERO MOTOCORP: Likely to save 10 bln rupees in 2014-15 with its ongoing margin transformation programme, and the amortised payments to Honda coming to an end in June.

* INFOSYS: Prasad Thrikutam, senior vice-president and global head of strategic sales, marketing and alliances, has resigned.

* MARUTI SUZUKI: Is setting up a new engine production line at its Gurgaon plant with a capacity of 150,000 units a year for its new series of self-developed diesel engines.

* NMDC: Produced 4.94 mln tn of iron ore in May, almost flat compared with 4.90 mln tn in the same month last year.

DATA ALERT

  > JAPAN PRELIMINARY RELEASE OF INDEX OF BUSINESS CONDITION for Apr; 1030 IST

  > UK TRADE DATA for Apr; 1400 IST

  > BANK OF ENGLAND EXTERNAL BUSINESS STATISTICS for Jan-Mar; 1400 IST

  > US EMPLOYMENT REPORT for May; 1800 IST

RBI COUNTER

* DAILY LAF TENDERS: One set of 3-day reverse repo (at 7.00%) and 3-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.

* TERM REPO TENDER: One set of 28-day variable rate special term repo for 200 bln rupees. Bids for term repo tender may be submitted between 1430 IST and 1500 IST.

* GILT AUCTIONS: RBI to auction 40 bln rupees of new 6-year bond, 70 bln rupees of 8.83%, 2023 bond, 20 bln rupees of 8.32%, 2032 bond and 30 bln rupees of 8.30%, 2042 bond.

MARKETS

Call : Seen opening near RBI repo rate as liquidity remains comfortable in banking system. 3-day call: 7.50-8.15% vs 8.30-8.35% 1-day Thu.

Bonds : Seen up on Fri on expectation of strong demand at the auction. 10-year yield: 8.50-8.58% vs 8.52% Thu.

Rupee: To take global cues post ECB rate cut, disappointing weekly US jobs data. Range: 58.90-59.90/$1 Fri vs 58.33/$1 Thu.

Stocks: Set to rise further backed by global markets trend. Nifty range 7400-7550; Thursday-end 7474.10, up 71.85 points.

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