MORNING NEWS CALL

FACTORS TO WATCH

9:30 am: Prime Minister Narendra Modi and other AIIB officials at AIIB’s annual meeting on “Mobilizing Finance for

Infrastructure: Innovation and Collaboration” in Mumbai.

10:00 am: Varroc Engineering IPO opens for subscription in Mumbai.

11:00 am: Parliamentary Standing Committee on Finance to meet heads of state-run banks under PCA in New Delhi.

11:00 am: Asian Paints annual general meeting in Mumbai.

2:30 pm: ICICI Prudential Life Insurance annual general meeting in Mumbai.

3:00 pm: EPFO's Central Board of Trustees likely to meet in New Delhi.

LIVECHAT - MARKETS FOCUS

Edward Casey, fixed income portfolio manager, will discuss fixed income markets in the backdrop of Fed hikes and

trade wars at 9:30 am IST. To join the Global Markets Forum, click here

INDIA TOP NEWS

Jet Airways says to buy additional 75 Boeing 737 Max jets

Jet Airways said on Monday it has agreed with Boeing to purchase 75 of its 737 MAX aircraft, as the Indian carrier

expands to meet domestic passenger demand in the world's fastest-growing aviation market.

PolicyBazaar raises over $200 million in SoftBank-led round

Indian online insurance aggregator PolicyBazaar has raised more than $200 million in a new round of funding led by

Japanese tech and telecoms conglomerate SoftBank Group's Vision Fund, its owner said on Monday.

India plans to participate in oil block auctions in UAE, says oil minister

India is in talks with some UAE-based companies to jointly bid for oil blocks in UAE, India's oil minister said on Monday.

Saudi Aramco eyes presence in India's entire energy sector, says CEO

Saudi Arabian state-owned oil company Saudi Aramco wants to be present in the entire "value chain" of India's energy

sector, its Chief Executive Officer Amin Nasser said on Monday in New Delhi.

When a text can trigger a lynching: WhatsApp struggles with incendiary messages in India

A WhatsApp text circulating in some districts of India's central Madhya Pradesh state helped to inflame a mob of 50-60

villagers into savagely beating up two innocent men last week on suspicion that they were going to murder people and

sell their body parts.

GLOBAL TOP STORIES

Trump officials send mixed signals on China investment curbs, markets sink

Conflicting signals from the Trump administration over proposed restrictions on foreign investment in U.S. technology

companies, along with news that recently imposed import tariffs are starting to disrupt supply chains, sent global stock

markets tumbling on Monday.

Illegal immigrant parents not facing U.S. prosecution for now

Parents who cross illegally from Mexico to the United States with their children will not face prosecution for the time

being because the government is running short of space to house them, officials said on Monday.

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Xerox says to lower dependency on Fujifilm, seek new vendors

Xerox said on Monday it would start sourcing products from new vendors to lower its dependency on Fujifilm Holdings

and may not renew its technology agreement with the 56-year-old joint venture Fuji Xerox.

STATE OF THE MARKETS

The SGX Nifty nearest-month futures were trading down 0.5 percent at 10,702.50.-NewsRise

The Indian rupee is expected to open little changed against the dollar as concerns about more protectionist measures

by the U.S. President Donald Trump continued to cast a cloud on the outlook for regional assets.-NewsRise

Indian government bonds will likely trade lower in early session ahead of a fresh supply of state papers. The

movement of crude oil prices will provide further cues, traders said. The yield on the benchmark 7.17 percent bond

maturing in 2028 is likely to trade in a 7.82 percent - 7.87 percent band today.-NewsRise

An escalating trade dispute between the United States and other leading economies battered U.S. stocks on Monday,

handing the S&P 500 and Nasdaq their steepest losses in more than two months.

Global stocks extended a sell-off as an escalating trade fight between the United States and other major economies

steered investors away from riskier assets, lifting safe-haven U.S. Treasuries and keeping the dollar on the defensive.

The dollar edged lower against the yen, hovering near a two-week low, as worries about an intensifying trade fight

between the United States and its trade partners continued to hurt risk appetite.

The U.S. Treasury yield curve flattened to its lowest level in over 10 years on Monday as concerns about trade wars

and divisions within the euro zone boosted demand for longer-dated safe-haven debt.

Oil prices rose on uncertainty over Libyan oil exports, although plans by producer cartel OPEC to raise output continued

to drag.

Gold prices edged higher as the dollar held near a two-week low hit in the previous session against the yen, amid

escalating trade tensions involving the United States and other major economies.

CLOSE FII INVESTMENTS EQUITIES DEBT

PNDF spot 68.08/68.11 June 25 $29.22 mln -$123.61 mln

10-yr bond yield - Month-to-date -$527.05 mln -$1.51 bln

Year-to-date -$771.70 mln -$5.73 bln

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PICTURE OF THE DAY

Cars are seen amidst debris after the wall of a residential building collapsed due to heavy rains in Mumbai, June 25. REUTERS/Francis Mascarenhas