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FACTORS TO WATCH
10:30 am: NITI Aayog Chief Executive Amitabh Kant and Finance Secretary
Ashok Lavasa at FICCI event in New Delhi.
11:00 am: Last day of parliament's 2016 winter session in New Delhi.
12:00 pm: Insolvency and Bankruptcy Board of India Chairman M.S. Sahoo
interacts with media in Mumbai.
5:00 pm: RBI to release weekly foreign exchange data in Mumbai.
LIVECHAT - G7 FX CHARTING with G Wilson Leung, Chief Market Strategist,
With the U.S. election and the FOMC meeting now behind us, currency traders
are now looking ahead to formulate trading plans for next year. Leung will share
his thoughts on the next directional moves in the major pair trading for early
2017 at 09:00 am. To join the conversation, click on the link: here
INDIA TOP NEWS
India's trade deficit widens to $13 billion in November
India's trade deficit widened to $13 billion in November from a provisional
$10.16 billion last month, government data showed on Thursday.
Uber expects Indian profit soon in fierce fight with Ola
Uber Technologies expects to turn a profit in India soon as the ride-hailing
firm takes on home-grown rival Ola, the United States-based company's CEO Travis
India infuses $74 billion of cash post Nov 8 - official
India's central bank has infused more than 5 trillion rupees ($73.66
billion) of currency notes into the banking system since Nov. 8, Economic
Affairs Secretary Shaktikanta Das told reporters on Thursday.
Indian economy well cushioned to absorb Fed rate hike impact - adviser
The Indian economy is "well cushioned" to absorb the impact of U.S. Federal
Reserve's rate hike, the chief economic adviser at the ministry of finance
Arvind Subramanian said on Thursday, amid fears of capital outflows from India.
India needs simple GST structure with lower rates: adviser
India should aspire for a simple structure for its proposed Goods and
Services Tax (GST) with lower rates, the chief economic adviser at the ministry
of finance said, amid deadlock between the federal and the state governments
over the draft of new law.
GLOBAL TOP NEWS
Buses evacuate thousands of exhausted Aleppo residents in ceasefire deal
Thousands of people were evacuated on Thursday from the last rebel bastion
in Aleppo, the first to leave under a ceasefire deal that would end years of
fighting for the city and mark a major victory for Syrian President Bashar
Putin turned Russia election hacks in Trump's favor - U.S. officials
Russian President Vladimir Putin supervised his intelligence agencies'
hacking of the U.S. presidential election and turned it from a general attempt
to discredit American democracy to an effort to help Donald Trump, three U.S.
officials said on Thursday.
Toyota unlocks its engine technology, could sell to rivals
Long guarded about what was beneath the hood of its pioneering Prius cars,
Toyota Motor Corp plans to open up its powertrain technology to rivals, hoping
this will boost sales and speed up the industry's shift to lower-emission
LOCAL MARKETS OUTLOOK
(As reported by NewsRise)
The SGX Nifty Futures was trading at 8,165.00, down 0.22 pct from its
The Indian rupee will likely open slightly lower against the U.S.
currency, tracking its Asian peers, as the dollar index hovered near 14-year
highs in the wake of the Federal Reserve's indication of a faster pace of rate
increases next year.
Indian government bonds will likely open steady-to-lower, as investors
remain sour on debt after the U.S. Federal Reserve raised policy interest rate
and hinted at a faster tightening next year. The yield on the benchmark 6.97 pct
bond maturing in 2026 is likely to trade in a 6.41 pct-6.50 pct band.
U.S. stocks rose on Thursday, led by gains in bank shares, a day after the
Federal Reserve raised interest rates for the second time in nearly a decade.
The dollar stood near a 14-year peak, bond yields were highly elevated and
Asian stocks struggled for traction as global markets continued adjusting to the
idea of higher U.S. interest rates.
The dollar stood tall, on track for hefty gains for the week, after
scaling 14-year highs against the euro as well as a broader basket of currencies
on expectations of more U.S. Federal Reserve interest rate hikes.
U.S. Treasury yields rose on Thursday, boosted by the prospect of more
interest rate increases by the Federal Reserve next year, although those on
long-dated bonds came off their highs after fairly tame consumer inflation data
Oil prices edged up after market sources said Kuwait had told customers it
was cutting supplies by more than initially expected from January as part of a
coordinated effort by oil producers to drain a global glut.
Gold prices held near their weakest level in 10-1/2 months as the U.S.
dollar surged to multi-year peaks after the Federal Reserve raised interest
rates and projected further rate hikes in 2017.
CLOSE FII INVESTMENTS EQUITIES DEBT
PNDF spot 67.84/67.87 December 15 -$90.23 mln -$137.40 mln
10-yr bond yield 6.75 pct Month-to-date -$54.72 mln -$2.54 bln
Year-to-date $4.10 bln -$5.69 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 = 67.83 Indian rupees)
(Compiled by Astha Rawat in Bengaluru)