NaMasTe
• India’s rate-setting panel headed by RBI Governor Shaktikanta Das will probably raise the benchmark interest rate by 50 basis points to 4.9% Wednesday, according to 17 of 41 economists in a Bloomberg survey. The poll returned a varied number of predictions, with the rest expecting hikes ranging from 25 bps to 75 bps.
• India Rate Hike Is Just a Matter of How Much: Decision Guide (1)
• Stagflation Danger Sees World Bank Cut Global Growth Outlook
o Lender reduces 2022 economic growth forecast to 2.9%
o World Bank Global Outlook and Forecasts: Summary
• India Loosens Rules to Promote Switch to Clean Energy
• Zambia Seeks Equity Partners for Disputed Vedanta Copper Mines
• ASIA CRUDE: India in Talks to Boost Russian Oil; Goldman’s View
• Asian LNG Summer Supply Tightens as Top Buyer Scoops Up Cargoes
o Gail seeks cargo for June delivery to India’s Dahej, Hazira
• Indian Equities Extend Losses Before Central Bank Rate Decision
• Global Funds Sell Net INR22.9B of India Stocks on Tuesday: NSE
o Domestic funds buy net 13.1b rupees of stocks
• Foreign Investors Sell Net INR18.5B of Indian Equities on Monday
• Foreigners Sell Net INR46.8B of India Equity Derivatives Tuesday
• BRICS countries agree to deepen financial cooperation: PTI
• 10am: RBI Bi-monthly Monetary Policy Statement for 2022-23
o RBI Benchmark Repurchase Rate, Est. 4.80% (prior 4.40%)
o RBI Cash Reserve Ratio Est. 4.50% (prior 4.50%), revised 4.50%
• Adani Power (ADANI): To buy 100% of Support Properties for INR2.8b and 100% of Eternus Real Estate for INR3.29b
• PB Fintech (POLICYBZ): Founder member Yashish Dahiya sells 3.77m shares of PB Fintech at INR610.24 each: NSE Bulk Deal
• PNB Housing Finance (PNBHOUSI): To meet on June 14, to consider INR20B NCDs issue
• Punjab National Bank (PNB): To participate in PNB Housing proposed rights issue for up to INR5b after receiving SEBI approval
By: via @AlliesFin Serve Stock Market
