Indian FX/debt factors to watch - Jan 28

GLOBAL MARKETS ROUNDUP

* Asian stock markets followed Wall Street into the red early on Wednesday, while the euro managed a rare rally on speculation the Federal Reserve could take a dovish turn in its post-meeting statement later in the session. MKTS/GLOB

* The dollar stepped back from a 11-year peak against a basket of currencies after soft spending data and some disappointing earnings cast doubts about the underlying optimism on the U.S. economic outlook. FRX/

* Oil jumped as much as 3 percent on Tuesday as a weak dollar propped up commodities, but crude prices came off their highs in post-settlement trading on signs of another big U.S. supply build last week. O/R

* U.S. Treasury debt prices ended mixed on Tuesday after 30-year yields touched record lows amid data-driven worries about sputtering world growth and a sharp sell-off on Wall Street. US/

LOCAL MARKETS PREVIOUS CLOSE

* BSE index .BSESN 29,571.04 (up 1 pct)

* NSE index .NSEI 8,910.50 (up 0.85 pct)

* Rupee INR=D2 61.3950/4050 per dlr (61.42/43)

* 10-year bond yield IN084024G=CC 7.70 pct (7.70 pct)

* 5-year OIS rate INRSMONM5YFIX= 6.77 pct (6.79 pct)

* 1-year OIS rate INRANONM1YFIX= 7.48 pct (7.51 pct)

* Call money INROND= 7.80/7.85 pct (7.75/7.80 pct)

FACTORS TO WATCH

* Earnings: Ranbaxy Laboratories RANB.NS , Torrent Pharmaceuticals TORP.NS , Aban Offshore ABAN.NS , Accelya Kale Solutions AKSL.NS , Adani Ports & SEZ APSE.NS , Adani Power ADAN.NS , Alstom T&D India ALSM.NS , EIH EIHO.NS , Emami EMAM.NS , Geometric GEOM.NS , Havells India HVEL.NS , JM Financial JMSH.NS , Jyothy Laboratories JYOI.NS , Noida Toll Bridge NOID.NS , Sintex Industries SNTX.NS , Welspun Corp WGSR.NS

OVERNIGHT NEWS

* Max India Ltd MAXI.NS , which has interests in areas including insurance and healthcare, said its board had approved splitting the company into three different entities to streamline the business structure and sharpen focus. ID:nL4N0V637Q

* India's Idea Cellular Ltd IDEA.NS posted a 64 percent rise in quarterly profit as it added more subscribers than rivals did, boosting data and talk time usage. ID:nL4N0V63YD

* Indian carmaker Maruti Suzuki MRTI.NS has promised investors more clarity on its investment plans after March, a move that goes some way to appeasing shareholders that have fretted over the low returns it earns from a growing cash pile. ID:nL4N0V62ZA

* The Indian government has postponed until March 4 the auction of mobile phone airwaves through which it is expected to raise $10 billion, according to a government notice on Tuesday. ID:nL4N0V64GO

KEY DEALS

* Hornbill Orchid Fund, an India-focused firm partly owned by one of China's oldest private equity managers, Orchid Asia, is raising $250 million for a long-short fund, Hornbill Orchid managing partner Manoj Thakur said. ID:nL4N0V62DR

* India's Aditya Birla Finance Ltd ABRL.NS plans to raise 7 billion rupees selling commercial papers maturing in two months, merchant bankers said on Tuesday. NewsRise

USD/INR NDFs (NY closing prices)

For up-to-date prices, double click PNDF

Open

High

Low

Close

Volume

61.60

61.68

61.58

61.63-69

HIGH

FII INVESTMENTS-EQUITIES (Net dollars)

Jan. 27*

$155.29 mln

Month-to-date**

$1.32 bln

Year-to-date**

$1.32 bln

* Provisional NSE data

** Source: Data as per latest custodial filing as on Jan.27 on NSDL's website.

FII INVESTMENTS-DEBT (Net Dollars) INFII INFII01* Debt

Jan. 27*

$48.70 mln

Month-to-date

$3.12 bln

Year-to-date

$3.12 bln

* Source: Data as per latest custodial filing as on Jan.27 on NSDL's website, Reuters calculation

GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)

Jan. 27

Foreign Banks

-12.51 bln

Public Sector Banks

1.58 bln

Private Sector Banks

7.46 bln

Mutual Funds

0.25 bln

Others

4.05 bln

Primary Dealers

-0.83 bln

INFLOWS =========================================================== Instrument

Payment

Date

Amount

(mln rupees) =========================================================== 8.40% 2024

Interest Jan 28

27300.00 91 days T-Bill

Redemption Jan 29

185500.00 182 days T-Bill

Redemption Jan 29

60000.00 SDL 07.76%, 2019

Interest Jan 30

388.00 (KARNATAKA) SDL 07.77%, 2019

Interest Jan 30

388.50 (2 States) SDL 09.35%, 2024

Interest Jan 30

701.25 (MAHARASHTRA) SDL 09.37%, 2024

Interest Jan 30

730.86 (GUJARAT) SDL 09.38%, 2024

Interest Jan 30

154.77 (2 States) SDL 09.40%, 2024

Interest Jan 30

896.59 (2 States) SDL 09.41%, 2024

Interest Jan 30

1411.50 (2 States) SDL 09.42%, 2024

Interest Jan 30

471.00 (WEST BENGAL) SDL 09.60%, 2024

Interest Jan 30

336.00 (CHATTISGARH) SDL 09.69%, 2024

Interest Jan 30

218.03 (JHARKHAND) =========================================================== For the monthly inflows see: ID:nL3N0UG0UX ===========================================================

ISSUANCES

T-bills auction

140 billion rupees

Bonds auction

130 billion rupees

LIQUIDITY

* The Reserve Bank of India said on Tuesday it accepted all 54 bids for 214.54 billion rupees ($3.49 billion) at its one-day repo auction, through which it injects liquidity into the banking system. ID:nS8N0V6000

* Indian banks' refinancing with RBI falls to 61.55 billion rupees. ID:nL4N0V62U3

* Indian banks' cash balances with RBI rise to 3.44 trillion rupees. ID:nL4N0V62UK