To entry the e-newsletter, click on on the hyperlink: here If you need to obtain this text by way of electronic mail, please register at: here • FACTORS TO WATCH 9:30 am: Prime Minister Narendra Modi at Petrotech 2019. • LIVECHAT - FX WEEK AHEAD FX Buzz analyst Jeremy Boulton analyses G7 currencies at 6:00 pm IST. To be a part of the dialog, click on on the hyperlink: here INDIA TOP NEWS • U.S. considers withdrawal of zero tariffs for India - sources India might lose a significant U.S. commerce concession, underneath which it enjoys zero tariffs on $5.6 billion of exports to america, amid a widening dispute over its commerce and funding insurance policies, folks with shut data of the matter mentioned. • India's banks seen unlikely to match c.financial institution's charge reduce any time quickly Indian bankers say piles of dangerous debt and the excessive price of deposits imply they're unlikely to scale back rates of interest on loans by as a lot because the central financial institution reduce its key lending charge in a bid to spur progress. • Two monetary corporations behind plunge in shares of Reliance Group firms A latest plunge within the shares of three firms from Reliance Group was brought on by two monetary corporations promoting inventory that they had held as collateral, the conglomerate mentioned on Friday. • Tata Metal Q3 standalone revenue soars on sturdy manufacturing Tata Metal reported an 83.6 % surge in third-quarter standalone internet revenue on Friday, aided by sturdy home manufacturing. • Bharti Airtel unit to merge with Telkom Kenya Bharti Airtel mentioned on Friday its unit Airtel Networks Kenya has agreed to merge with Telkom Kenya, the East African nation's smallest telecom operator. • Mahindra & Mahindra quarterly revenue falls 11.four pct on lean demand Mahindra & Mahindra on Friday posted an 11.four % drop in third-quarter revenue, because the demand for passenger car gross sales softened and its MHCV phase got here underneath stress because of new axle loading norms. • BPCL quarterly revenue dives 77 pct however tops estimates Bharat Petroleum reported on Friday a 77 % plunge in third-quarter internet revenue, dragged down by increased bills together with uncooked materials prices. • Fb toughens political advert insurance policies in India forward of election Fb is toughening up the foundations governing political ads in India to create extra transparency forward of the nation's common elections due earlier than Might, the social media large mentioned late on Thursday. GLOBAL TOP NEWS • Talks collapse on border deal as U.S. gov't shutdown looms Talks on border safety funding collapsed after Democratic and Republican lawmakers clashed over immigrant detention coverage as they labored to avert one other U.S. authorities shutdown, a Republican senator mentioned on Sunday. • S.Korea indicators deal to pay extra for U.S. troops after Trump demand Officers signed a short-term settlement on Sunday to spice up South Korea's contribution towards the maintenance of U.S. troops on the peninsula, after a earlier deal lapsed amid U.S. President Donald Trump's name for the South to pay extra. • Thai election fee to rule on princess working for PM after king's rebuke Thailand's Election Fee will take into account on Monday the shock nomination of a Thai princess as a first-rate ministerial candidate for March elections after her brother, King Maha Vajiralongkorn, known as it "inappropriate" and unconstitutional. LOCAL MARKETS OUTLOOK (As reported by NewsRise) • SGX Nifty nearest-month futures have been buying and selling 0.three % decrease at 10,918.50. • The Indian rupee is predicted to open little modified towards the greenback after the onshore yuan slipped as Chinese language markets reopened after the Lunar New 12 months holidays. • Indian authorities bonds are anticipated to ease in early commerce, as lower-than-estimated cutoff value for the 2029 bond at debt public sale final week raised issues about urge for food for lengthy length bonds. The yield on the benchmark 7.17 % bond maturing in 2028 will probably commerce in a 7.46 percent-7.52 % band at the moment. GLOBAL MARKETS • The benchmark S&P 500 index and the Nasdaq edged upward to snap a two-day dropping streak on Friday as constructive company outcomes offset lingering skepticism over america and China reaching a commerce deal earlier than the March 1 deadline. • Asian shares began the week on the backfoot as traders have been unable to shake off worries about world progress, U.S. politics and the Sino-U.S. commerce warfare. • The greenback rose towards most different currencies, holding close to a six-week excessive as recent worries about U.S.-Sino commerce tensions and world progress drove urge for food for safe-haven property. • U.S. Treasury yields fell for a fourth straight session on Friday, pressured by world fairness market losses on issues there can be no commerce deal between america and China by the deadline. • Oil costs fell by greater than 1 % as U.S. drilling exercise picked up and as a refinery fireplace within the U.S. state of Illinois resulted within the shutdown of a big crude distillation unit. • Gold costs held regular, supported by uncertainties round Sino-U.S. commerce warfare and issues of slowing world financial progress, whereas a robust greenback weighed on the valuable steel. CLOSE FII INVESTMENTS EQUITIES DEBT PNDF spot 71.06/71.09 February 8 $118.61 mln $312.15 mln 10-yr bond yield 7.52 pct Month-to-date $352.88 mln -$85.40 mln 12 months-to-date $277.53 mln -$891.25 mln For extra knowledge: India govt bond market volumes Inventory market studies Non-deliverable forwards knowledge Company debt tales [IN CORPD] Native market closing/intraday ranges [IN SNAPSHOT] Month-to-month inflows [INFLOWS RTRS TABLE IN] ($1 = 71.1600 Indian rupees) (Compiled by Hrithik Kiran Bagade in Bengaluru)
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