India Day Book

[Amit shah]

INDIA DAYBOOK: GlaxoSmithKline, RBI Governor Subbarao, Bond Sale

2013-02-15 01:31:02.331 GMT

By Paresh Jatakia and Kartik Goyal

     Feb. 15 (Bloomberg) -- GlaxoSmithKline Consumer Healthcare to report quarterly earnings. Reserve Bank of India due to release weekly data on foreign-exchange, bank loans.

*T

     WHAT TO WATCH:

  * India govt halts payments to AgustaWestland for helicopters

    after bribery allegations

  * RBI Governor D. Subbarao speaks to wire reporters in Moscow

  * India top court rejects Sistema Shyam TeleServices petition

    to review Feb. 2012 verdict canceling 122 phone licenses

  * Cap Gemini India headcount to grow as much as 15% in 2013,

    CEO Paul Hermelin says

  * Global funds +3.21b rupees of local stocks, domestic funds

    -2.49b rupees yday: provisional data from exchanges

     MONEY MARKETS:

  * USD/INR: pivot 53.8983; support 53.8317; resistance 53.9967

  * USD/INR: 14-day RSI 51.93

  * Brent crude -0.2% to $117.79 per barrel

  * Net repo borrowing from RBI: 1.198t rupees

  * Call money rate 7.85%

  * One year swap rate 7.6025%

     EARNINGS:

  * GlaxoSmithKline Consumer Healthcare - 4Q, Est. 797m rupees

     ECONOMY:

  * India to buy 100b rupees of bonds maturing 2018, 2020, 2026,

    2027

  * RBI releases weekly foreign-exchange, bank loans and govt

    borrowing data

     BOND SALES:

  * 3pm India to sell 30b rupees of 8.12% 2020 bonds

  * 3pm India to sell 60b rupees of 8.20% 2025 bonds

  * 3pm India to sell 30b rupees of 8.30% 2042 bonds

     STOCK MARKETS:

  * Sensex -0.6%; 14-day RSI 40.7031

  * MSCI Asia Pacific Index -0.4%

  * Dow Jones Industrial Average -0.07%

  * Standard and Poor’s 500 Index +0.07%

     EQUITY MOVERS:

  * Apollo Tyres raises FII limit to 40%. Shrs +1% to 84.90

    rupees

  * DLF 3Q profit 2.85b rupees vs 2.58b. Est. 2.73b. Shrs -1.8%

    to 253.85 rupees

  * GAIL India 3Q profit 12.8b rupees vs 10.9b. Est. 10.2b. Shrs

    +2% to 334.65 rupees

  * Tata Motors 3Q profit 16.3b rupees vs 34.2b. Est. 29.3b.

    Shrs -2.5% to 297.20 rupees

  * Suzlon Energy 3Q loss 11.5b rupees vs 2.86b loss. Est. 6.01b

    loss. Shrs +3.7% to 23.75 rupees

     ANALYST RATINGS:

  * Coal India downgraded to neutral from accumulate at Centrum

    Broking Pvt. PT 372 rupees

  * Jammu & Kashmir Bank rated new buy at BOB Capital Markets.

    12-mo PT 1,650 rupees

  * Madras Cements downgraded to hold from add at SBI Capital.

    12-mo PT 251 rupees

  * Tata Steel downgraded to underperform from neutral at

    Sunidhi Consultancy Services. 12-mo PT 335 rupees

     CONFERENCES/EVENTS:

  * 11am: Delhi. Force Motors introduces Gurkha off-roader at

    International Bus & Utility Vehicles Show

  * 11:30am: Chennai. Anindya Chowdhury, director of Sanofi

    India, makes business announcement

  * 12pm: New Delhi. President Pranab Mukherjee inaugurates

    CII’s 20th International Engineering and Technology Fair

  * 12pm: Delhi. T. Krishnakumar, CEO of Hindustan Coca-Cola

    Beverages Pvt., launches Career Development Centre

    partnership

  * 1pm: New Delhi. Rajiv Gandhi Cancer Institute & Research

    Centre introduces treatment technology

  * 2pm: Delhi. M.F. Farooqui, secretary in ministry of heavy

    industry and public enterprises, inaugurates International

    Bus & Utility Vehicles Show

  * 3pm: Mumbai. Bharat Diamond Bourse holds session on Gem &

    Jewellery Industry in India & Belgium - Tax & Banking

    Aspects

  * 6:30pm: Vinod Rai, Comptroller & Auditor General of India,

    speaks on “Government Accountability is the Key to a

    Vibrant Democracy”