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• U.S. 'net neutrality' rules will expire on June 11 - FCC Landmark U.S. "net neutrality" rules will expire on June 11, and new regulations handing providers broad new power over how consumers can access the internet will take effect, the Federal Communications Commission said on Thursday in setting the date.

LOCAL MARKETS OUTLOOK (As reported by NewsRise) • The SGX Nifty nearest-month futures were trading up at 0.5 percent at 10,783.50.

• The Indian rupee is expected to open higher against the U.S. currency after lower-than-expected U.S. consumer inflation pulled back bets of faster rate hikes, weighing on the dollar.

• Indian government bonds are likely to trade little changed ahead of the weekly debt sale today.The yield on the benchmark 7.17 percent bond maturing in 2028 is likely to trade in 7.70 percent - 7.75 percent band until the auction result, a trader with a state-run bank said.

GLOBAL MARKETS • Wall Street jumped on Thursday, and Apple inched closer to a $1 trillion stock market value, as tepid inflation data eased worries of faster U.S. interest rate hikes this year.

• Asian markets started on a firm footing and the dollar eased as softer-than-forecast U.S. inflation data tempered expectations for faster Federal Reserve interest rate rises this year.

• The dollar hovered below a 4-1/2-month high against a basket of major currencies after tepid inflation data, prompting traders to pare bets of faster U.S. rate hikes.

• Longer-dated U.S. Treasury yields fell on Thursday, flattening the yield curve as a smaller-than-expected increase in the consumer price index in April reduced fears that domestic inflation is picking up steam as the labor market tightens.

• Oil prices dipped away from multi-year highs reached the previous session on hopes that alternative supplies could replace a looming drop in Iranian exports when U.S. sanctions against Tehran are re-imposed.

• Gold prices were steady, as the dollar held below its 2018 highs against a basket of currencies after softer-than-expected U.S. inflation data.

CLOSE FII INVESTMENTS EQUITIES DEBT PNDF spot 67.24/67.27 May 10 -$54.28 mln -$186.60 mln 10-yr bond yield 7.86 pct Month-to-date -$439.78 mln -$1.02 bln Year-to-date $742.27 mln -$2.68 bln For additional data: India govt bond market volumes Stock market reports Non-deliverable forwards data Corporate debt stories [IN CORPD] Local market closing/intraday levels [IN SNAPSHOT] Monthly inflows [INFLOWS RTRS TABLE IN] ($1 = 67.24 Indian rupees) (Compiled by Priyanka Das in Bengaluru)