10:00 am: Water Resources Minister Nitin Gadkari and Science & Technology Minister Harsh Vardhan at Ground Water Vision 2030 in New Delhi.
10:15 am: NITI Aayog CEO Amitabh Kant, Former RBI Governors Y.V. Reddy and D. Subbarao, NABARD General Manager D. Nageswara Rao at India Finance event in New Delhi.
10:30 am: SIAM to announce industry sales figures for November in New Delhi.
11:00 am: IT Minister Ravi Shankar Prasad to inaugurate NIC Data Security Centre in New Delhi.
11:00 am: Road and Transport Nitin Gadkari to address ASEAN-India Connectivity Summit in New Delhi.
INDIA TOP NEWS • Indians vote in first stage of election seen as acid test for Modi Tens of thousands of Indians voted in the first stage of assembly elections in the western state of Gujarat on Saturday, where Prime Minister Narendra Modi faces his toughest electoral test since coming to power with a landslide victory in 2014.
• Thyssenkrupp makes offer to workers for Tata Steel deal - sources Thyssenkrupp has offered workers commitments on jobs and investments to get union backing for its deal with Tata Steel to merge their European steel operations, several people close to labour union IG Metall said.
• Uber agrees to settle U.S. lawsuit filed by India rape victim Uber Technologies Inc and a woman who accused top executives of improperly obtaining her medical records after a company driver raped her in India have agreed to settle a civil lawsuit the woman filed against Uber in June, according to a U.S. federal court filing on Friday.
• Indian court says government can take control of Unitech An Indian court on Friday allowed the government to take over management control of the debt-laden property developer Unitech Ltd, a rare intervention that the government said was to protect the public interest.
• India's Future Supply Chain Solutions $101 mln IPO sees strong demand Indian logistics provider Future Supply Chain Solution Ltd's initial public offering of shares to raise up to 6.5 billion rupees was subscribed 7.5 times on the last day of the sale on Friday, adding to what has been a record year for initial share sales in the country.
GLOBAL TOP NEWS • Hotly anticipated bitcoin futures debut in sedate fashion The eagerly anticipated launch of futures trading of the world's largest cryptocurrency bitcoin got off to a positive start on Sunday, with the price nearly 9 percent ahead after briefly slipping below its opening level.
• Palestinian stabs Israeli in Jerusalem; anti-Trump protest flares in Beirut A Palestinian stabbed an Israeli security guard at Jerusalem's main bus station on Sunday, police said, and violence flared near the U.S. Embassy in Beirut over U.S. President Donald Trump's recognition of Jerusalem as Israel's capital.
• China's Nov producer prices ease to 4-month low as pollution curbs bite China's producer price inflation slowed to a four-month low in November as factory activity softened due to the government's efforts to curb pollution, cooling demand from factories for raw materials.
LOCAL MARKETS OUTLOOK (As reported by NewsRise) • The SGX Nifty Futures were trading at 10,309.00, up 0.2percent from its previous close.
• Indian government bonds are likely to fall in early trade after the latest U.S. data cemented the view that the Federal Reserve will hike its rates later this week. A rise in crude oil prices will further weigh on demand, traders said. The yield on the benchmark 6.79 percent bond maturing in 2027 is likely to trade in a 7.06 percent-7.11percent band. The note closed at 97.96 rupees, the lowest since its issuance on May 12, yielding 7.09percent on Dec. 8.
• The Indian rupee will likely open a tad lower against the dollar after data showed U.S. nonfarm payrolls in November rose more than expected, strengthening bets the Federal Reserve will raise interest rates after a two-day meeting that starts tomorrow.
GLOBAL MARKETS • U.S. stocks advanced on Friday, buoyed by a solid payrolls report for November that locked in expectations for an interest rate hike from the U.S. Federal Reserve next week and raised optimism about economic prospects in 2018.
• Futures in bitcoin, which has taken global financial markets by storm, swung above their launch price, while the dollar kept gains in Asian session on expectations the Federal Reserve will stick to its tightening path.
• The dollar was steady, underpinned by expectations of higher U.S. interest rates, while bitcoin seized the spotlight as futures of the cryptocurrency began trading.
• U.S. Treasury yields were little changed on Friday after seesawing following the release of a U.S. jobs report that showed the economy added 228,000 jobs last month but average hourly earnings failed to meet expectations.
• Oil prices fell, pulled down as the latest rise in the U.S. rig count pointed to a further increase in American production, potentially undermining efforts led by OPEC to tighten markets.
• Gold prices were steady, holding above a four-month low hit last week, amid a firm dollar.
CLOSE FII INVESTMENTS EQUITIES DEBT PNDF spot 64.45/64.48 December 8 -$104.70 mln $26.06 mln 10-yr bond yields 7.13 pct Month-to-date -$634.80 mln $410.31 mln Year-to-date -$8.06 bln $26.14 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 = 64.4700 Indian rupees)
