To access a PDF version of this newsletter, please click here here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 2:00 pm: Junior Commerce Minister Som Parkash, Hindustan Unilever Chairman and Managing Director Sanjiv Mehta at FICCI “Massmerize 2020.” 2:30 pm: Bharti Airtel virtual press conference post 2Q earnings. 3:00 pm: Central Board of Indirect Taxes and Customs member Vivek Johri at ASSOCHAM’s virtual summit on GST. 3:15 pm: Dr. Reddy’s Laboratories virtual press conference post 2Q earnings. 4:00 pm: Titan conference call post 2Q earnings. 4:00 pm: RBL Bank Chief Executive and Managing Director Vishwavir Ahuja at a conference call post 2Q earnings. 4:15 pm: Petroleum Minister Dharmendra Pradhan, Petroleum Secretary Tarun Kapoor, Reliance Industries Chairman and Managing Director Mukesh Ambani and other oil-industry heads at India Energy Forum. 5:00 pm: Commerce Minister Piyush Goyal, Civil Aviation Minister Hardeep Singh Puri, Transport Minister Nitin Gadkari at the launch of Niti Aayog’s National Program and Project Management Policy Framework. 5:00 pm: Axis Bank Chief Executive and Managing Director Amitabh Chaudhry at a conference call post 2Q earnings. 5:30 pm: Marico conference call post 2Q earnings. 5:30 pm: ICICI Securities conference call post 2Q earnings. 5:30 pm: Piramal Enterprises conference call post 2Q earnings. PROMOTION LIVECHAT - REUTERS GLOBAL MARKETS FORUM Luke McNamara, principal analyst at New York-based cybersecurity solutions firm Mandiant Threat Intelligence, joins us to discuss hacks and lingering threats which can disrupt the Nov. 3 U.S. presidential and senatorial elections. To join the conversation at 6.30 pm ist, click here here INDIA TOP NEWS • Bharti Airtel Q2 revenue jumps 22% on higher tariffs, 4G additions Telecom operator Bharti Airtel reported its highest-ever quarterly consolidated revenue on Tuesday, helped by higher tariffs and additions to its 4G subscriber base. • Tata Motors sees better second half even as it prepares for hard Brexit Tata Motors forecast a stronger second half on Tuesday as sales of its Jaguar Land Rover (JLR) vehicles improved in key markets even as it continued to grapple with the COVID-19 pandemic and uncertainties over a hard Brexit. • India sees pick up in consumer demand during festival season - finance minister India's finance minister on Tuesday said that demand for consumer goods has picked up during the festival season, which runs from October to March, and could help revive the economy. • Facebook's top India lobbyist Das quits after content row Facebook's top India lobbyist Ankhi Das has quit, months after a newspaper report suggested the way the social media network regulated political content in its biggest market by users favoured Prime Minister Narendra Modi's ruling party. • India to up share of short-term LNG deals in gas use- GAIL chairman India's biggest gas marketing firm GAIL expects the share of spot and short-term liquefied natural gas (LNG) contracts in the nation's gas consumption to rise after a slump in spot prices has made long-term deals less attractive. GLOBAL TOP NEWS • Trump questions counting late ballots as Biden preaches unity in Georgia Republican President Donald Trump questioned the integrity of the U.S. election again on Tuesday, saying it would be "inappropriate" to take extra time to count the tens of millions of ballots cast by mail in his race against Democrat Joe Biden. • Trump concedes no coronavirus economic relief deal before Election Day President Donald Trump acknowledged on Tuesday that a coronavirus economic relief deal would likely come after the Nov. 3 election, with the White House unable to bridge differences with fellow Republicans in the U.S. Senate as well as congressional Democrats. • Microsoft cloud business gathers steam as pandemic boosts growth Microsoft's cloud computing business slightly re-accelerated and its Teams messaging and collaboration software won new users, as a pandemic-driven shift to working from home and online learning drove quarterly results ahead of investor targets. LOCAL MARKETS OUTLOOK (As reported by NewsRise) • SGX Nifty nearest-month futures were trading 0.3% lower at 11,843.20. • The Indian rupee is expected to inch lower against the U.S. currency, tracking broad dollar strength and weak equities on worries that the worsening pandemic in the U.S. and Europe will hurt economic growth. • Indian government bond yields are likely to trade little changed, ahead of the central bank’s open market operation and the weekly debt supply tomorrow. The yield on the benchmark 5.77% bond maturing in 2030 is likely to trade in a 5.82%-5.88% band today. GLOBAL MARKETS • Stocks on Wall Street closed little changed on Tuesday, with the Dow and S&P 500 slipping on disappointing earnings and little hope for a U.S. coronavirus stimulus before Election Day, though the Nasdaq rose ahead of big technology company results. • Global shares slipped as coronavirus infections grew at an alarming pace in the United States and Europe, while uncertainty over next week's U.S. elections added to a "risk off" tone. • The dollar gave up early gains against other major currencies as sentiment turned bearish due to uncertainty about the outcome of the U.S. presidential election next week. • U.S. Treasury yields fell on Tuesday and the yield curve was flatter as hopes faded for an imminent stimulus deal in Washington, while coronavirus infections surged. • Oil prices slid more than 1 percent, paring the previous day's gains, as a jump in U.S. crude inventories and surging COVID-19 cases raised fears of an oversupply of oil and weak fuel demand. • Gold prices were subdued, as the dollar strengthened, after hopes of U.S. stimulus faded following President Donald Trump's comment that a deal would likely come after the November election. CLOSE FII INVESTMENTS EQUITIES DEBT PNDF spot 73.7/73.73 October 27 110.79 crores (46.66) crores 10-yr bond yield 5.84% Month-to-date 16,824 crores 3,308 crores Year-to-date 45,171 crores (1,05,479) crores (FII investment numbers are in Indian rupees. Source: National Securities Depository Limited) 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 = 73.94 Indian rupees) (Compiled by Pranay Prakash in Bengaluru)
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