Morning News Call – India, June 10

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ELEMENTS TO VIEW
3:00 pm: Foreign Financial investment Promo Board satisfies to consider fourteen FDI
proposals in New Delhi.
5:00 pm: Power Minister Piyush Goyal at an occasion in Mumbai.
5:00 pm: RBI to launch weekly forex information in Mumbai.
5:30 pm: Federal government to launch April commercial output information in New Delhi.

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INDIA TOP NEWS
India’s steel ministry to seek extension of floor cost on imports
India’s steel ministry will seek to extend a floor rate on steel imports beyond
August, a senior steel ministry source stated, as the country wants to keep up its
protectionist obstacles to stem the tide of cheap foreign products.

For India’s rising economy, little is stunning
For Rohan Sharma, company has never been much better. Sales at his autoparts company
in the western Indian state of Gujarat are booming and the order book has practically
doubled in the previous year.

Carmakers in India to look for rupee trade payments with Africa
Automakers in India want to trade with African countries in rupees rather of
dollars, in an effort to increase exports to the continent, a car market body
executive said on Thursday.

Resistance to India signing up with nuclear suppliers group softens
A U.S.-led push for India to sign up with a club of nations managing access to
delicate nuclear technology made some headway on Thursday as several opponents
appeared more ready to work to a compromise, but China remained defiant.

GLOBAL LEADING NEWS
Obama is ‘fired up’ for Clinton as Democrats seek to unify party
U.S. President Barack Obama officially backed Hillary Clinton’s White Home bid
on Thursday and required Democrats to join behind her after a protracted
fight with Bernie Sanders for the party election.

AT&T seeks to leading Verizon as Yahoo evaluates brand-new quotes -sources.
Yahoo Inc is set to put together a brand-new shortlist of bidders for its core.
web possessions after numerous parties, consisting of Verizon Communications Inc and.
AT&T Inc, made second-round offers, people acquainted with the matter stated.

Seoul prosecutors rob Lotte Group in additional blow to hotel system IPO.
Seoul prosecution investigators robbed Lotte Group and several affiliates of.
South Korea’s fifth-largest corporation on Friday, casting additional shadows over.
an IPO for its hotel system billed as the world’s most significant this year.

REGIONAL MARKETS OUTLOOK.
( As reported by NewsRise).
The SGX Nifty Futures was trading at 8,234.00, up 0.11 pct from its.
previous close.
The Indian rupee is set to open lower against the U.S. dollar, tracking.
its Asian peers, as a slide in crude oil rates and concerns about Britain.
most likely leaving the European Union dampened threat appetite.
Indian government bonds are likely to edge lower in early trade as.
financiers stay on the sidelines ahead of a weekly debt auction, even as hopes of.
another free market bond purchase announcement could restrict losses. The yield on.
the benchmark 7.59 pct bond maturing in 2026 is most likely to trade in a 7.47.
pct-7.51 pct band.

WORLDWIDE MARKETS.
U.S. stocks pulled back on Thursday after three days of gains as oil prices.
fell and international growth concerns drove financiers to much safer possessions like bonds.
Asian shares stepped back while financiers put funds into safe-haven.
possessions amid festering concerns about a UK referendum that could press Britain out.
of the European Union.
The dollar clung to modest gains, having bounced off one-month lows as the.
euro took a heavy spill while sterling remained under a cloud on jitters over the.
upcoming Brexit vote.
U.S. Treasury yields was up to the most affordable levels considering that February on Thursday.
as falling oil and stock prices enhanced need for safe-haven debt amid.
issues about international development.
Oil costs were steady in early trading, supported by strong demand and.
worldwide supply disruptions, but a stronger dollar kept crude listed below the 2016 highs.
reached today.
Gold reduced as the dollar drifted away from a one month-low, but the metal.
stayed near a three-week high and stayed on track for a second straight weekly.
rise.

CLOSE FII FINANCIAL INVESTMENTS EQUITIES FINANCIAL OBLIGATION.
PNDF area 66.73/ 66.76 June 9 $35.0 mln -$ 32.53 mln.
10-yr bond yield 7.66 pct Month-to-date $552.34 mln -$ 304.13 mln.
Year-to-date $2.74 bln -$ 1.37 bln.

For extra data:.
India govt bond market volumes.
Stock market reports.
Non-deliverable forwards data.
Corporate financial obligation stories [IN CORPD] Regional market closing/intraday levels [IN PICTURE] Month-to-month inflows [INFLOWS RTRS TABLE IN]
($ 1 = 66.71 Indian rupees).

( Put together by Hardik Vyas in Bengaluru).

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