MORNING NEWS CALL

FACTORS TO WATCH

8:30 am: Madhya Pradesh Chief Minister Shivraj Singh Chouhan, NSE CEO Vikram Limaye at listing ceremony of

debt securities of Indore Municipal Corporation in Mumbai.

9:30 am: Commerce Secretary Rita Teaotia to release OECD-ICRIER report on “Agricultural Policies in India” at an

event in New Delhi.

11:00 am: Reliance Industries annual general meeting in Mumbai.

LIVECHAT- COMMODITIES FOCUS

Gavin Maguire, Reuters Editor-in-charge for commodities in Asia, joins us to discuss cues, views and charts guiding the

commodity markets over the next few months at 9:30 am IST. To join the Global Markets Forum, click here

INDIA TOP NEWS

WhatsApp in India says partnership with government, society needed to combat misinformation Facebook's WhatsApp messenger service has responded to a call from India's technology ministry to curb the spread of

false information on its platform, saying such a task required a partnership between the pair as well as with society in

general.

India hikes crop prices as Modi woos farmers ahead of election

India on Wednesday raised the government-mandated price for summer-sown crops such as rice and cotton by the

most since Prime Minister Narendra Modi came to power in 2014, as he looks to woo millions of poor farmers ahead of a

general election next year.

Thyssenkrupp, Tata Steel may need asset sales to get EU nod for JV

Top managers at Thyssenkrupp and Tata Steel have reached out to the European Commission to seek approval for a

landmark joint venture deal, with legal experts and analysts saying they might have to sell assets to get it.

RBI tightens banks' statutory auditor rules

India's central bank on Wednesday tightened rules on banks' statutory auditors saying it reserved the right to not

approve appointments of such auditors for a specified period if their audit quality was not found satisfactory.

Carmaker Jaguar says 'bad Brexit' would mean it could not stay in UK

Britain's biggest carmaker Jaguar Land Rover said on Wednesday a so-called "hard Brexit" would cost it $1.59 billion a

year, curtailing its future operations in the United Kingdom.

Shriram Transport Finance says group firm will honour NCD repayment

Shriram Transport Finance said on Wednesday group firm SVL has the wherewithal to honour repayment on non-

convertible debentures guaranteed by it.

GLOBAL TOP STORIES

China commerce ministry warns US tariffs will hit global supply chains

China's commerce ministry said that U.S. tariffs will hit global supply chains including foreign companies in China,

reiterating that Beijing does not want to fight a trade war started by the United States.

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Iran threatens to cut cooperation with nuclear body after Trump move

Iran could reduce its co-operation with the U.N. nuclear watchdog, President Hassan Rouhani told the body's head on

Wednesday, after he warned U.S. President Donald Trump of "consequences" of fresh sanctions against Iranian oil

sales.

Two Britons poisoned with Novichok nerve agent near where Russian spy was struck down

Two British citizens are critically ill after they were exposed to Novichok, the same nerve agent that struck down a

former Russian agent and his daughter in March, Britain's top counter-terrorism officer said on Wednesday.

STATE OF THE MARKETS

The SGX Nifty nearest-month futures were little changed at 10,774.50.-NewsRise

The Indian rupee is expected to open little changed against the dollar as investors await minutes of the Federal

Reserve’s June meeting, which may provide cues about the potential impact of current trade tensions on the pace of

future monetary tightening.-NewsRise

The Indian government bonds are likely to edge higher in early trade on short covering following a fall in crude oil

prices. 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

Asian stocks were shaky while major currencies barely budged, as financial markets remained in a state of anxious

uncertainty on the eve of a U.S. deadline to slap tariffs on Chinese imports.

Major currencies were on tenterhooks on the eve of Washington's deadline to impose tariffs on Chinese imports while

the yuan held steady after the central bank this week sought to stem its recent tumble.

Oil prices fell after U.S. President Donald Trump sent a strident tweet demanding that OPEC cut prices for crude.

Gold prices were little changed, after hitting a one-week high in the previous session, as the dollar eased and the

markets awaited minutes from the U.S. Federal Reserve's June policy meeting later in day.

CLOSE FII INVESTMENTS EQUITIES DEBT

PNDF spot 68.71/68.74 July 4 -$41.49 mln $287.89 mln

10-yr bond yield 7.85 pct Month-to-date -$120.66 mln $409.72 mln

Year-to-date -$908.09 mln -$5.37 bln

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PICTURE OF THE DAY

Women plant rice saplings at a paddy field in a village in Nagaon district, in the northeastern state of Assam,July 3. REUTERS/Anuwar Hazarika