1:00 pm: NHAI Chairman to launch new website and project monitoring information system mobile app in New Delhi.
5:00 pm: Government to release August Infrastructure output data in New Delhi.
LIVECHAT - NORTH KOREA CRISIS.
Marcus Noland, Executive Vice President & Director of Studies, Peterson Institute for International Economics joins us at 9:00 am IST. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS • Ola said to raise $2 billion from SoftBank, Tencent - Bloomberg India's ride-hailing company Ola on Monday secured $2 billion in new funding from a group of investors, including SoftBank Group Corp and Tencent Holdings Ltd, Bloomberg reported, citing a person familiar with the matter.
• RCom's debt-repayment plan hits snag as Aircel deal collapses Reliance Communications is reassessing debt repayment options after a deal to merge its wireless arm with smaller rival Aircel was scrapped, dealing a fresh blow to the embattled Indian telecoms company.
• Reliance's buyback option on latest iPhones may boost Apple's India presence India's Reliance said on Friday that customers of its Jio telecoms unit who buy the latest Apple iPhone models from partner stores could sell them back in a year at a guaranteed price, a move that could help the U.S. tech firm expand in India.
• U.S. jury cuts damages in TCS-Epic trade secrets lawsuit India's top software services exporter Tata Consultancy Services Ltd (TCS) said on Sunday a U.S. jury had more than halved to $420 million the damages it has to pay to medical software company Epic Systems in a trade secrets lawsuit.
• Bombardier signs deal with India's SpiceJet for 50 Q400 prop planes Bombardier Inc has finalized a deal to sell up to 50 Q400 planes to India's SpiceJet valued at $1.7 billion by list prices, its largest single order to date for the turboprop plane, the Canadian company said on Friday.
• India's government to buy 10,000 electric cars from Tata Motors The Indian government on Friday said it will buy 10,000 electric cars from Tata Motors Ltd to start replacing petrol and diesel variants being used by its agencies.
GLOBAL TOP NEWS • Lone gunman kills 59, injures hundreds, in Las Vegas concert attack A retiree armed with multiple assault rifles strafed an outdoor country music festival in Las Vegas from a high-rise hotel window on Sunday, slaughtering at least 59 people in the deadliest mass shooting in modern U.S. history before killing himself.
• EXCLUSIVE- U.S. mulls further Wells Fargo sanction over sales abuses -source The main regulator for Wells Fargo & Co is considering whether to sanction the U.S. bank over improperly charging customers for car insurance and mortgage loans, according to a source familiar with the matter.
• As Trump set to visit Puerto Rico, 95 percent lack power U.S. President Donald Trump is set to make his first visit to Puerto Rico today, two weeks after Hurricane Maria devastated the U.S. territory, and is likely to face more criticism of his handling of the disaster as the vast majority of inhabitants lack power and phone service and are scrambling for food, clean water and fuel.
LOCAL MARKETS OUTLOOK (As reported by NewsRise) • The SGX Nifty Futures were at 9,880.50, trading up 0.4 percent from its previous close.
• Indian government bonds are likely to edge lower in early trade as the central bank announced another open market sale of bonds to drain excess cash at banks. The yield on the benchmark 6.79 percent bond maturing in 2027 is likely to trade in a 6.65 percent-6.70percent band.
• The Indian rupee will likely edge lower in early trade against the dollar, in line with most Asian peers, as upbeat U.S. economic data supported U.S Treasury yields and the greenback.
GLOBAL MARKETS • U.S. stocks started the fourth quarter on a strong note on Monday, with all three major indexes hitting record high closes as data pointed to underlying strength in the economy.
• Asian shares rose, tracking record closes on Wall Street and upbeat economic data that lifted U.S. Treasury yields and the dollar, although weaker oil prices took their toll on some market segments.
• The dollar struck a 1-1/2-month high as Treasury yields rose after a a strong reading for U.S. manufacturing activity hardened expectations for U.S. interest rates to rise by the year-end.
• U.S. Treasury yields rose on Monday in choppy trading, as Wall Street shares hit record highs and the dollar gained amid upbeat data on U.S. manufacturing and construction spending that backed expectations of another rate increase before the end of the year.
• Oil prices fell, declining for a second day and sapping more strength from a third-quarter rally, amid signs that a global glut in crude may not be clearing as quickly as some had hoped.
• Gold edged down, as the dollar remained buoyed by upbeat economic data and strong U.S. treasury yields.
CLOSE FII INVESTMENTS EQUITIES DEBT PNDF spot 65.30/65.33 September 29 -$236.89 mln $65.56 mln 10-yr bond yield 6.96 pct Month-to-date -$1.82 bln $141.33 mln Year-to-date $5.19 bln $23.28 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 = 65.31 Indian rupees) (Compiled by Shradha Singh in Bengaluru)
