10:00 am: Mines Minister Narendra Singh Tomar at 'Poverty Quit India-2022' event in New Delhi.
10:00 am: India's Vice President M. Venkaiah Naidu at International Conference on Yoga for Wellness in New Delhi.
10:00 am: Maruti Suzuki Vice President R.S. Kapoor, Indian Railway Stations Development Corp. CEO and Managing Director S.K. Lohia at SIAM event in New Delhi.
10:15 am: Kotak Mahindra Bank MD Uday Kotak, BSE Committee Member Ramesh Damani and executives from asset management companies at Morningstar Investment Conference in Mumbai.
10:30 am: ITC Senior Vice President Anil Rajput and FSSAI CEO Pawan Kumar Agarwal at National Summit & Awards FMCG 2017 in New Delhi.
11:00 am: Mahindra & Mahindra MD Pawan Goenka at launch of newest edition of KUV 100 in Mumbai.
12:00 pm: India Ratings media roundtable to release report on Revival of India Inc.'s Investment Cycle in Mumbai.
3:00 pm: Oil Minister Dharmendra Pradhan, Transport Minister Nitin Gadkari and oil Industry officials at India Energy Forum in New Delhi.
LIVECHAT- NORTH KOREA CRISIS Philippe Dauba-Pantanacce, Senior Economist and Global Geopolitical Analyst, Standard Chartered joins us at 12:00 pm IST. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS • Cairn Oil and Gas to invest $4.6 billion in new exploration Cairn Oil and Gas, part of Vedanta Ltd, will invest 300 billion rupees in exploration projects off India's east coast and in the onshore fields of Barmer in the west, its acting CEO said.
• RBI chief: growth important, but not at cost of inflation - newspaper Fostering monetary conditions conducive to economic growth were a constant consideration for Indian policymakers, but would not take priority over achieving the central bank's inflation target, Governor Urjit Patel told a newspaper on Monday.
• PM Modi targets more energy reforms after meeting oil chiefs Prime Minister Narendra Modi sees scope for further reform of the country's energy sector and has received "focused suggestions" from some of the world's leading energy companies, the office of the premier said on Monday.
• Tata chairman says interested in bidding for Air India - TV channel India's Tata conglomerate is interested in bidding for state-owned Air India as the group needs to increase the sizes of its aviation business, its boss told television channel CNBC TV18 in an interview on Monday.
• ONGC Videsh expects Sudan to clear $400 million dues as U.S. lifts sanctions - Executive ONGC Videsh expects Sudan to clear about $400 million owed to the state-run energy company after the lifting of the U.S. sanctions, its managing director N.K. Verma said on Monday.
• Supreme Court bans firecracker sales in Delhi ahead of peak pollution season The Supreme Court on Monday temporarily banned the sale of firecrackers in and around the capital ahead of Diwali, the Hindu festival of lights, as it looks to prevent a repeat of severe air pollution that forced school closures last year.
GLOBAL TOP NEWS • Google uncovered Russia-backed ads on YouTube, Gmail -source Google has discovered Russian operatives spent tens of thousands of dollars on ads on its YouTube, Gmail and Google Search products in an effort to meddle in the 2016 U.S. presidential election, a person briefed on the company's probe told Reuters on Monday.
• Trump-Corker spat complicates drive for tax reform in U.S. Senate A public feud between President Donald Trump and influential fellow Republican Bob Corker could narrow the path for a tax overhaul in the U.S. Senate, where a Republican go-it-alone effort is already showing signs of disunity.
• Turkey urges U.S. to review visa suspension as lira, stocks tumble Turkey urged the United States on Monday to review its suspension of visa services after the arrest of a U.S. consulate employee sharply escalated tension between the two NATO allies and drove Turkey's currency and stocks lower.
LOCAL MARKETS OUTLOOK (As reported by NewsRise) • The SGX Nifty Futures were at 10,023.50, trading up 0.01 percent from its previous close.
• Indian government bonds are likely to edge lower in early session ahead of a fresh supply of notes from states, as underlying sentiment remains negative amid concerns of rising inflation. The yield on the benchmark 6.79 percent bond maturing in 2027 is likely to trade in a 6.75 percent - 6.80 percent band.
• The Indian rupee will likely edge higher against the dollar in early trade, in line with Asian peers, tracking the dollar’s slide from multi-month highs reached last week and a strong euro.
GLOBAL MARKETS • Wall Street fell from record levels on Monday as gains in Microsoft and other technology stocks failed to offset a drop in General Electric and a slide in healthcare stocks.
• Asian shares rose, shrugging off modest losses on Wall Street, while expectations of another U.S. interest rate increase this year continued to underpin the dollar.
• The dollar steadied after edging away from a 10-week high overnight, taking support from underlying expectations that improved prospects for the U.S. economy would prompt the Federal Reserve to raise interest rates later this year.
• Oil prices were stable as OPEC said there were clear signs the market was rebalancing and as U.S. production remained offline following Hurricane Nate.
• Gold prices inched up to their highest in more than a week, but the gains were capped as the dollar held firm bolstered by expectations of another Federal Reserve interest rate hike this year.
CLOSE FII INVESTMENTS EQUITIES DEBT PNDF spot 65.43/65.46 October 9 -$72.69 mln $99.62 mln 10-yr bond yield 7.00pct Month-to-date -$395.51 mln $1.54 bln Year-to-date $4.96 bln $24.82 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 = 65.35 Indian rupees) (Compiled by Shradha Singh in Bengaluru)
