GLOBAL MARKETS ROUNDUP
* Asian shares were weathering a soft reading on Chinese manufacturing on Thursday as it only whetted expectations for more policy stimulus there, while a sharp rise in British and German bond yields rippled through global debt markets. MKTS/GLOB
* The sterling stood at its highest in over a month early on Thursday, having outperformed its peers after the latest set of policy minutes from the Bank of England was less dovish than expected. FRX/
* Oil prices extended gains on Thursday as renewed fighting in Yemen brought focus back on potential supply disruptions in the Middle East. O/R
* U.S. Treasuries yields rose on Wednesday as a selloff in German bunds caused investors to reduce their holdings in other low-risk government debt, propelling U.S. 30-year yields to their highest levels in five weeks. US/
LOCAL MARKETS PREVIOUS CLOSE (Wednesday)
* BSE index .BSESN 27,890.13 (down 0.77 pct)
* NSE index .NSEI 8,429.70 (down 0.62 pct)
* Rupee INR=D2 62.8175/8275 per dollar (62.85/86)
* 10-year bond yield IN084024G=CC 7.75 pct (7.77 pct)
* 5-year OIS rate INRSMONM5YFIX= 7.08 pct (7.08 pct)
* 1-year OIS rate INRANONM1YFIX= 7.56 pct (7.57 pct)
* Call money INROND= 6.80/90 pct (6.70/75 pct)
OVERNIGHT NEWS
* India seeks to calm investor jitters, stands firm on back taxes ID:nL4N0XJ4EV
* India's richest state needs over $200 bln to house its poorest ID:nL5N0XJ2VY
FACTORS TO WATCH
* Underwriting fees for Friday bond auction post-noon
* HDFC Bank (NSE:HDBK) results, press conference at 2.45 pm
* Moody's sovereign credit rating analyst Atsi Sheth and her team will interact with media
* Junior Finance Minister Jayant Sinha and Chief Economic Adviser Arvind Subramanian at climate change event at 9.15 am
* Prime Minister Narendra Modi and Commerce Minister Nirmala Sitharaman at an export event at 5.00 pm
* Budget session starts in upper house of parliament
USD/INR NDFs (NY closing prices)
For up-to-date prices, double click PNDF
Open
High
Low
Close
63.35
63.43
63.28
63.37-39
FII INVESTMENTS-EQUITIES (Net dollars)
April 22*
-$144.8 mln
Month-to-date**
$2.74 bln
Year-to-date**
$8.65 bln
* Provisional NSE data
** Source: Data as per latest custodial filing as on April 16 on NSDL's website.
FII INVESTMENTS-DEBT (Net Dollars) INFII INFII01* Debt
April 22*
$15.44 mln
Month-to-date
$123.63 mln
Year-to-date
$7.88 bln
* Source: Data as per latest custodial filing as on April 16 on NSDL's website, Newsrise calculation ID:nNFR2FJkN5
GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
April 22
Foreign Banks
6.95 bln
Public Sector Banks
-16.57 bln
Private Sector Banks
14.28 bln
Mutual Funds
1.66 bln
Others
-4.66 bln
Primary Dealers
-1.66 bln
Constituents
6.34 bln
INFLOWS
===========================================================
Instrument
Payment
Date
Amount
(mln rupees)
=========================================================== SDL 07.97%, 2018
Interest Apr 23
79.70 (HIMACHAL PRADESH) SDL 08.07%, 2018
Interest Apr 23
1250.85 (3 States) SDL 08.11%, 2018
Interest Apr 23
405.50 (ANDHRA PRADESH) SDL 08.50%, 2018
Interest Apr 23
269.88 (2 States) SDL 08.58%, 2018
Interest Apr 23
68.64 (NAGALAND) SDL 08.60%, 2018
Interest Apr 23
796.79 (WEST BENGAL) SDL 09.25%, 2023
Interest Apr 23
448.63 (2 States) SDL 09.28%, 2023
Interest Apr 23
232.00 (KERALA) SDL 09.30%, 2023
Interest Apr 23
67.43 (2 States) SDL 09.32%, 2023
Interest Apr 23
582.50 (TAMIL NADU) SDL 09.33%, 2023
Interest Apr 23
933.00 (MAHARASHTRA) SDL 09.35%, 2023
Interest Apr 23
264.80 (WEST BENGAL) SDL 09.37%, 2024
Interest Apr 23
937.00 (2 States) SDL 09.38%, 2023
Interest Apr 23
709.50 (2 States) SDL 09.38%, 2024
Interest Apr 23
797.30 (3 States) SDL 09.39%, 2023
Interest Apr 23
939.00 (KARNATAKA) SDL 09.39%, 2024
Interest Apr 23
45.07 (ARUNACHAL PRADESH) SDL 09.40%, 2023
Interest Apr 23
470.00 (BIHAR) SDL 09.40%, 2024
Interest Apr 23
2397.00 (4 States) SDL 09.41%, 2024
Interest Apr 23
9.41 (MIZORAM) 91 days T-Bill
Redemption Apr 23
38320.50
===========================================================
For the monthly inflows see: ID:nL3N0WY1SK
===========================================================
ISSUANCES Paper
Amount
Date
Dated govt bonds 160 bln rupees
April 24
LIQUIDITY OPERATIONS - APRIL 22
* India cbank sets cut-off rate of 7.51 pct at overnight variable rate repo auction
* Indian govt's cash with RBI for auction rises to 626.15 bln rupees on April 21
* India cbank says banks' cash balances rise to 3.65 trln rupees
* Indian banks' refinancing with RBI flat at 61.93 bln rupees