Morning News Call – India, December 14

To access the newsletter, click on the link: here Aspects TO WATCH 11:00 am: Winter session of parliament continues. 12:00 pm: Government to release November wholesale value inflation information. five:30 pm: Government to release November consumer value inflation information. five:30 pm: India to auction unutilised foreign investment limits in government bonds. GMF ASIA - COMMODITIES Focus with Clyde Russell, Thomson Reuters Asia Commodities and Power Columnist. With over-provide continuing to plague most commodities, how do we anticipate this asset class to carry out subsequent year? Clyde will join us 9.30 am IST to share his outlook for commodities in 2016. To join the conversation click on the link here INDIA Leading NEWS  India's industrial output growth hits five-year higher India's industrial output grew at its fastest pace in 5 years in October, powered by manufacturing, bringing some cheer to investors fretting about a gridlock in parliament that has stalled important reforms.  Turkmenistan begins work on gas link to Afghanistan, Pakistan, India Turkmenistan on Sunday started perform on its component of a all-natural gas pipeline to Afghanistan, Pakistan and India, a $  10 billion project developed to minimize its dependence on gas sales to Russia and China.  India to get Japan's bullet train, deepens defence and nuclear ties Japan will offer $  12 billion of soft loans to build India's very first bullet train, the two nations announced during a go to by Japanese Prime Minister Shinzo Abe that also yielded deeper defence ties and a program for civil nuclear cooperation.  India slaps import duties on stainless steel to support regional firms India imposed import duties for 5 years on some stainless steel imports from China, the European Union and the United States on Friday, as the government tries to protect neighborhood companies suffering from what it says is unfair competitors.  India's RBI says hunting at bank powers to tackle stressed assets The Reserve Bank of India stated on Friday it would look at the way banks use measures intended to support them tackle a crippling bad-debt burden, as concern grows that lenders are making use of the tools to camouflage troubled loans as an alternative.  Coca-Cola India says might have to shut factories if new sin tax passed The Indian subsidiary of Coca-Cola Co said on Friday it could have to close some bottling plants if the government pushes by means of a proposal that would topic fizzy drinks to a 40 % "sin" tax, as component of a broader fiscal overhaul.  Mahindra close to obtain of Italian auto designer Pininfarina - sources Mahindra & Mahindra is close to signing a deal to purchase Italian auto designer Pininfarina, two sources with direct understanding of the matter mentioned on Friday, the most recent buy of an iconic Italian brand by an Asian company.  Indian metals trader expands reach in spite of downturn As a global rout in commodities drives metals traders to close up shop or lay off employees, Indian-owned industrial metals firm UD Group is setting out expansion plans, boosting employees and moving into a lot more nations. Global Top NEWS  China economy shows signs of steadying, a lot more policy assistance needed China's activity data was stronger than anticipated in November, with factory output development choosing up to a 5-month higher, signalling that a flurry of stimulus measures from Beijing could have put a floor below a fragile economy.  For China, climate deal is imperfect but massive step forward For China, the world's most significant greenhouse gas emitter, the international climate accord reached in Paris marked a enormous step toward greener development that safeguards its sovereignty although falling brief on funding for cleaner energy.  Brazilians take to streets to demand Rousseff's impeachment Tens of thousands of Brazilians took to the streets on Sunday to demand President Dilma Rousseff's ouster, but the first nationwide protests given that formal impeachment proceedings began had been smaller than comparable events earlier this year. Nearby MARKETS OUTLOOK (As reported by NewsRise)  The SGX Nifty Futures have been trading at 7,586.50, down .91 % from its previous close.  The Indian rupee may edge reduce against the dollar nowadays, tracking a probably weakness across neighborhood and regional share indices. Broad gains in the U.S. currency amid expectations the Federal Reserve would raise interest prices this week could also weigh on the domestic unit.  Indian government bonds are most likely to rise in early trade, as crude oil prices declined additional, easing issues about inflationary pressures. The gains could, even so, be capped as a jump in the nation's industrial production might delay future interest rate cuts by the central bank. The yield on the benchmark 7.72 % bond maturing in 2025 is likely to trade in a 7.75 percent-7.80 % range. International MARKETS  U.S. stocks closed sharply decrease on Friday, with the S&P 500 ending its worst week since August, as plunging crude oil rates compounded investor nervousness on expectations for the 1st U.S. interest rate hike in almost a decade.  Asian stocks fell, China's yuan hit fresh four-1/two year lows as plunging oil prices added to investors' nervousness about riskier assets ahead of an anticipated U.S. rate rise by the Federal Reserve later in the week.  The dollar, euro and yen got off to a sedate start following a fairly uneventful weekend, but encouraging Chinese data place a small spring in the Aussie's step.  Yields on lengthy-dated U.S. Treasury debt declined to multiweek lows on Friday, as an extended drop in oil prices and weak stock markets spurred investors to seek the relative security of government bonds.  Crude oil futures slipped in early Asian trade, adding to a slump on Friday following a forecast from the International Energy Agency (IEA) that the global glut of oil is probably to deepen next year.  Gold started off a critical week on the back foot, as the Federal Reserve is expected to raise U.S. interest prices for the 1st time in practically a decade. MARKETS CLOSE FII INVESTMENTS EQUITIES DEBT PNDF spot 67.13/67.16 December 11 -- -$  43.47 mln 10-yr bond yield 7.77 pct Month-to-date -$  821.31 mln -$  99.79 mln Year-to-date $  2.79 bln $  9.39 bln For further data: India govt bond market place volumes Stock marketplace reports Non-deliverable forwards data Corporate debt stories [IN CORPD] Local market place closing/intraday levels [IN SNAPSHOT] Monthly inflows [INFLOWS RTRS TABLE IN] ($  1 = 66.71 Indian rupees) (Reporting by Samarendra Sahoo in Bengaluru)

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