TNS INDIA TODAY - What Markets Will Watch and Why - May 17

LOCAL EVENTS:
9:15 AM -- Life Insurance Corporation lists on stock exchanges in Mumbai.
10:00 AM -- Paradeep Phosphates IPO opens for subscription.
12:00 PM -- Government to release April wholesale price inflation data in New
Delhi.
2:15 PM -- Minister of State for Electronics and Information Technology Rajeev
Chandrasekhar at a media conference on cyber security in New Delhi.
5:00 PM -- Navi Finserv Chairman and CEO Sachin Bansal at a virtual media
conference to announce forthcoming public issue of debentures.
***
MINT ROAD:
10:30AM-11:30AM -- RBI to auction 3 SDL worth Rs 8500 cr
***
US STOCKS:
The S&P 500 ended lower on Monday, with Tesla and other growth stocks losing ground after downbeat Chinese economic data added to worries about a global slowdown and rising interest rates.
At close, Dow Jones Industrial Average rose 0.08% to 32,223.42, the S&P 500 lost 0.39% to 4,008.01 and the Nasdaq Composite dropped 1.20%, to 11,662.79.
***
ASIAN STOCKS:
Asia-Pacific shares were mixed in morning trade, with investors looking ahead to the release of meeting minutes from the Reserve Bank of Australia. The Nikkei 225 in Japan slipped 0.13% in early trade while the Topix index hovered above the flatline. South Korea’s Kospi climbed 0.46% while the S&P/ASX 200 in Australia traded 0.15% higher. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.25% higher.
The Nifty futures were trading up 18.00 points at 15,883.00 at 8:35 AM IST in Singapore.
***
GLOBAL EVENTS:

TUESDAY
1:30 AM -- US -- Net Long-Term TIC Flows(Mar)
-- Total Net TIC Flows(Mar)
7:00 AM -- Australia -- RBA Meeting Minutes
10:00 AM -- Japan -- Tertiary Industry Index (MoM)(Mar)
11:00 AM -- France -- ILO Unemployment(Q1)
11:30 AM -- UK -- Average Earnings Including and Excluding
Bonus (3Mo/Yr)(Mar)
-- Claimant Count Rate(Apr)
-- ILO Unemployment Rate (3M)(Mar)
1:30 PM -- Italy -- Global Trade Balance(Mar)
-- Trade Balance EU(Mar)
2:30 PM -- Italy -- Consumer Price Index (EU Norm)
(YoY)(Apr)
-- Consumer Price Index (YoY)(Apr)
2:30 PM -- EMU -- Employment Change (YoY)(Q1) PREL
-- Gross Domestic Product s.a. (YoY)(Q1)
PREL
6:00 PM -- US -- Retail Sales (MoM)(Apr)
6:25 PM -- US -- Redbook Index (YoY)(May 13)
-- Capacity Utilization(Apr)
-- Industrial Production (MoM)(Apr)
7:30 PM -- US -- Business Inventories(Mar)
-- NAHB Housing Market Index(May)
10:30 PM -- EMU -- ECB's President Lagarde speech
11:30 PM -- US -- Fed's Chair Powell speech

(End)

TNS MARKET ROUNDUP: Stocks fall, while rupee rises as dlr retreats; Bonds down as oil surges

MUMBAI, MAY 23 (TickerNews Service):
STOCKS:
Indian stock indices ended marginally lower on Monday with Sensex giving up nearly 640 points. Metals pack was the biggest laggard, dragged by Tata Steel which slipped 12%.The Nifty closed 51.45 points, or 0.32% down at 16,214 on the NSE, while the Sensex ended at 54,288.61 down 37.78 points or 0.070% on the BSE.
***
EUROPEAN STOCKS:
European stock markets traded higher Monday, with improved German business sentiment helping the tone despite worries about inflation and rising interest rates weighing heavily on the global economic outlook. The pan-European STOXX 600 index was up 1.2% . Oil and gas stocks added 1.8% as most sectors traded in positive territory.
US Stock futures were signalling a higher start for Wall Street on Monday after the S&P 500 rallied on Friday to avoid closing in a bear market.
***
RUPEE:
The Indian rupee ended slightly higher on tracking easing in dollar index and likely inflows into local stocks following global risk on sentiment.
Rupee in spot market ended at Rs 77.51/$1 Monday compared to previous close of Rs 77.54/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended lower on Monday as importers paid in forward taking advantage of slight appreciation in rupee, dealers said.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 3.83% on Monday versus 3.80% at close on Friday.
***
GILTS:
Government bond prices ended down on Monday tracking rise in Brent crude oil prices and US Treasury yields amid fears of multiple rate hikes in coming months following the RBI Governor’s interview with CNBC TV18, dealers said.
The 6.54%-2032 bond ended at Rs 94.2200 or 7.3865% yield compared with Rs 94.1500 or 7.3972% yield at open on Monday and Rs 94.4000 or 7.3589% yield at close on Friday.
***
CRUDE OIL:
Brent crude oil futures traded at $113.83 a barrel at 4:30PM IST on Monday.

(End)