Joindre Capital Services Ltd. Sebi Regn No
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JOINDRE CAPITAL SERVICES LTD. SEBI REGN NO. INH000002061 / INB 230766739 / INB 011107555 DAILY REPORT 15th March 2018 India to release Feb. trade data; RBI to hold reverse repo auctions; ICICI Securities briefing on IPO plan; Bandhan Bank IPO opens for sale; Bharat Dynamics IPO to close; Commerce Minister Suresh Prabhu, Consumer Affairs Minister Ram Vilas Paswan to speak. WHAT TO WATCH: * Patel Says No Banking Regulator Can Catch or Prevent All Frauds * Signs of Revival in Rural India Predict Recovery for Economy * Top Court Starts Hearings on India’s Contentious Ayodhya Dispute * Infosys Says It Will Open Hartford Hub, Creating 1,000 Jobs * Bain-Backed Dalmia Group Said to Win Lenders’ Backing for Binani * Goldman’s Patel Says Emerging-Market Stocks Are World’s Best Bet * Militant-Linked Party Casts Doubts on Pakistan Terror Crack Down * Indian Rupee Forwards Brush Off Trade Conflict: Asian NDFs * ICICI Securities Plans Initial Share Sale of 77.25m Shares * OECD Says Economic Growth Stable for G-20 in Fourth Quarter ** G-20 finance chiefs to meet in Buenos Aires next week * World Bank Projects India FY18 Growth at 6.7% * UltraTech Cement Ltd. Says Boosted Binani Bid to $1 Billion * BE Primer: Modi’s India to Face a Bumpy Ride Into 2019 Elections * India Seeks to Provide Compensation for New Renewable Duties * PNB Housing Finance to Consider Raising 80b Rupees Via NCDs Issue * Sundaram-Clayton to Consider Mid-Year Dividend for FY18 * Cabinet Approves Pact With Iran For Avoidance of Double Taxation * NTPC Seeks to Acquire Hydro-Electric Projects to Expand Capacity * Videocon d2h Sees Dish TV Merger Effective On/About March 22 * Foreign Funds Flow: ** Global Funds Sell Net INR1.51b of India Equity Derivatives Wednesday ** Global Funds sell Net 2.59B Rupees of India Stocks Wednesday: NSE ** Overseas Investors Buy Net 49.3b Rupees of Indian Equities March 13 MEDIA REPORTS: * India’s ED Is Said to Seek Interpol Help to Nab Nirav Modi: PTI ECONOMIC DATA: * March 15-March 28: (IN) 4Q BoP Current Account Balance, est. $16.7b deficit, prior $7.2b deficit * India Feb. trade balance, est. $14.243b deficit, prior $16.298b deficit ** India Feb. Exports YoY, no estimates, prior 9.07% ** India Feb. Imports YoY, no estimates, prior 26.1% JOINDRE CAPITAL SERVICES LTD. SEBI REGN NO. INH000002061 / INB 230766739 / INB 011107555 GOVERNMENT: * 10am: New Delhi. Commerce Minister Suresh Prabhu, to speak at ASPA India’s second international Authentication Conference * 10:30am: New Delhi. Consumer Affairs Minister Ram Vilas Paswan, to inaugurate Celebration of World Consumer Rights Day * 3pm: New Delhi. Consumer Affairs Minister Ram Vilas Paswan; Niti Aayog CEO Amitabh Kant at PHD Chamber’s World Consumer Rights Day 2018 BOND SALES: * Nothing major scheduled CONFERENCES/CORPORATE EVENTS: * 9am: Chennai. Industrial Economist Golden Jubilee Celebrations * 9:30am: New Delhi. CPR Land Rights Initiative’s annual conference on Land Laws, Land Acquisition & Scheduled Areas in India * 12:15pm. Mumbai. ICICI Securities management to brief media on upcoming IPO * 2:00 pm. New Delhi. M.S. Shastri, DMD & Chief Risk Officer, SBI, to brief media * 3:45pm: New Delhi. JLL India and CREDAI to share the finding of their report ‘Traversing Through the EPIC, Predicting the Curve’ * 7pm: Mumbai. Adi Godrej, chairman of Godrej Group to address at annual Godrej media meet Amitie 2018 OFFERINGS: * Bharat Dynamics IPO gets demand for 45% shares offered on first day sale, Offer to close March 15 * Bandhan Bank IPO at INR370-375/Share opens, close on March 19; to raise about INR13.42 bln selling 35.78m shrs at INR375 each to anchor investors * Mishra Dhatu Nigam Sets IPO Price Band at 87–90 Rupees/Share, Offer open March 21 * ICICI Securities Plans Initial Share Sale of 77.25m Shares MARKETS: * S&P 500 -0.6% to 2,749.48 * MSCI Asia Pacific Index -0.1% to 178.44 * Global Commodity Prices Overview ** Gold +0.06% to $1,325.60 oz ** Brent futures +0.2% to $64.99/bbl * Sensex -0.06% to 33,835.74 * Nifty -0.15% to 10,410.90 * Yield on 7.17% bonds maturing Jan 2028 at 7.69% on March 14 * INR up 0.1% to 64.8325/USD * Rupee Bonds Drop as Foreigners Remain Net Sellers: Inside India JOINDRE CAPITAL SERVICES LTD. SEBI REGN NO. INH000002061 / INB 230766739 / INB 011107555 CENTRAL BANK: * RBI to conduct 7-day variable rate reverse repo auctions for INR500b EQUITY PREVIEW: * Bharat Petroleum (BPCL): To shut Bina Refinery in Sept. To link expanded capacity * Havells India (HAVL): Says pact with Hyundai for making magnetic contactors; Hundai to provide technology, grant license to co. * Welspun Enterprises (WEL): Lowest bidder in NHDP project in Tamil Nadu * Wipro (WPRO): Partner with Trintech on Robotic process automation solutions ** Wipro to Sell Hosted Data Center Services Ops for $405M .