Thursday, 10 July 2014

CONFERENCES & MARKETS UPDATE

CONFERENCES
AIR CARGO MEET: Aviation Secretary Lavasa, Drug Controller General of India
Singh to speak at the PHD-GMR Round Table on Indian Air Cargo-Future Outlook
summit. 1500 IST, New Delhi.
MARKETS
Call  : Seen opening near the RBI's MSF rate on strong demand from banks to meet weekend reserve needs. 3-day Call. 8.90% vs 8.20-8.30% 1-day Thu.
Bonds : Seen slightly up today on view Thursday's selloff was overdone. Gains limited ahead of auction. 10-year yield: 8.70-8.80% vs 8.76% Thu.
Rupee : May open a tad down tracking global markets. Local share indices eyed. Range: 59.70-60.50/$1 Fri vs 60.19/$1 Thu.
Stocks : To take cues from Infosys' Apr-Jun earnings; May IIP data eyed Nifty range 7500-7700; Thursday-end 7567.75, down 17.25 points.

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