Cogencis - Main events scheduled today.

QUOTE OF THE DAY

"Donald Trump has without doubt given an order to kill me and has told the
government of Colombia and the Colombian mafia to kill me...If something
happens to me one day, Donald Trump and Colombian President Ivan Duque will
bear responsibility."
- Nicolas Maduro, Venezuelan president. (Reuters)

THURSDAY'S LEADERS: * Budget Session. * Minister Prabhu. * US-China talks

* Earnings==> Bharti Airtel, Hero MotoCorp, Indiabulls
Housing Fin,
Power Grid, UPL, Vedanta.
* Data alert==> India CPI-IW, core sector output;
US natural gas, consumer comfort.

BUDGET SESSION
* President Kovind to address a joint sitting of both Houses of Parliament
at the beginning of the Budget
Session. 1100 IST. New Delhi.

GOVT BEAT
* Commerce Minister Prabhu to inaugurate LOGIX INDIA 2019 - International
Buyer Seller Meet. 1230 IST, New
Delhi.

DATA ALERT
* from INDIA
> Revised estimate for GDP for 2017-18. 1730 IST
> CPI for Industrial Workers for Dec, by Labour Bureau.
> Core sector output for Dec, by commerce and industry ministry.
* from OVERSEAS
> UK NATIONWIDE HOUSE PRICE INDEX for Jan. 1230 IST
> EUROPEAN UNION EUROCOIN INDICATOR OF EURO AREA ECONOMIC ACTIVITY for
Jan. 1400 IST
> EUROPEAN UNION PRELIMINARY FLASH ESTIMATE GDP for Q4. 1530 IST
> EUROPEAN UNION UNEMPLOYMENT for Dec. 1530 IST
> US CHALLENGER JOB-CUT REPORT for Jan. 1800 IST
> US UNEMPLOYMENT INSURANCE CLAIMS REPORT for week ended Sat. 1900 IST
> US EMPLOYMENT COST INDEX for Q4. 1900 IST
> US WEEKLY EXPORT SALES. 1900 IST (Release date may be changed following
end of the partial US govt shutdown)
> US CONSUMER COMFORT INDEX. 2015 IST
> US ISM-CHICAGO BUSINESS SURVEY - CHICAGO PMI for Jan. 2015 IST
> US EIA NATURAL GAS STORAGE REPORT for week ended Fri. 2100 IST

GLOBAL AGENDA
* US-China trade talks conclude.

RBI COUNTER
* DAILY LAF TENDERS: One set of 1-day reverse repo (at 6.25%), 1-day repo
(at 6.50%), and 1-day marginal standing facility (at 6.75%). Bids for
repo
tender may be submitted between 0900 IST and 1600 IST, and those for
reverse
repo and MSF between 1730 IST and 1930 IST.
* RBI to auction 300 bln rupees worth of 45-day cash management bills.
Bids to be submitted from 1030-1200 IST.
* OMO PURCHASE: RBI to purchase up to 100 bln rupees worth of five bonds--
8.08%, 2022 bond,
 7.59%, 2026 bond, 8.28%, 2027 bond, 7.88%, 2030 bond, and 8.28%, 2032
bond--between 1030 IST and 1200 IST.
* REVERSE REPO AUCTIONS: 7-day variable rate reverse repo for 200 bln
rupees from 1200 IST to 1230 IST
and overnight variable rate reverse repo for 800 bln rupees from 1330 IST
to 1400 IST.

CORPORATE EVENTS
* EGM of
+ ALEXANDER STAMPS AND COIN
+ DB (INTERNATIONAL) STOCK BROKERS
+ RMG ALLOY STEEL
* BOARD MEETING of
+ ACCELYA KALE SOLUTIONS, to mull declaration of interim dividend.
+ COMPUAGE INFOCOM, to consider a proposal to raise funds.
+ INDIABULLS HOUSING FINANCE, to consider declaration of interim
dividend.
+ JUSTRIDE ENTERPRISES, to consider fundraising proposal.
+ SQS INDIA BFSI, to consider proposal to buy back fully paid-up
equity shares.
+ STATE BANK OF INDIA, to consider allotment of equity shares.
+ VISHAL BEARINGS, to consider the issue of bonus shares.
* EARNINGS for quarter/nine months ended December to be detailed, among
others, by
(Oct-Dec net profit estimate by brokerages in parenthesis)
==NIFTY 50
+ BHARTI AIRTEL (consol net loss 8.63 bln rupees)
+ HERO MOTOCORP (net profit seen 7.5 bln rupees, (-)6.9% YoY)
+ INDIABULLS HOUSING FINANCE
+ POWER GRID CORPORATION OF INDIA (net profit seen 23.78 bln rupees, +17%
YoY)
+ UPL (net profit seen 5.76 bln rupees)
+ VEDANTA (consol net profit seen 13.97 bln rupees, +29% QoQ)
==NIFTY F&O
+ DABUR INDIA (consol net profit seen 3.65 bln rupees, +9.8% YoY)
+ NMDC (net profit seen 11.6 bln rupees, +31% YoY)
+ PETRONET LNG (net profit seen in the range of 4.73 to 6.17 bln rupees)
+ V-GUARD INDUSTRIES (net profit seen 413.2 mln rupees, +15.4% YoY)
==NIFTY 500
+ AEGIS LOGISTICS
+ CHAMBAL FERTILISERS & CHEMICALS
+ DENA BANK
+ ECLERX SERVICES (consol PAT seen 671 mln rupees, (-)4.2% QoQ)
+ EMAMI (consol net profit seen 1.63 bln rupees, + 11% YoY)
+ GUJARAT ALKALIES & CHEMICALS
+ IFB INDUSTRIES
+ LAURUS LABS
+ MAGMA FINCORP (consol net profit seen in the range of 747 to 787 mln
rupees)
+ NARAYANA HRUDAYALAYA
+ SOLAR INDUSTRIES INDIA (consol net profit seen in the range of 619 to
678 mln rupees)
+ SUNDARAM FINANCE
==OTHER
+ A F ENTERPRISES + KZ LEASING FINANCE
+ ABHISHEK FINLEASE + LG BALAKRISHNAN & BROS
+ ABM KNOWLEDGEWARE + LGB FORGE
+ ACCELYA KALE SOLUTIONS + LLOYDS METALS AND ENERGY
+ APLAYA CREATIONS + MADHUSUDAN INDUSTRIES
+ APOLLO MICRO SYSTEMS + MAFATLAL INDUSTRIES
 + ARYAN SHARES AND STOCK BROKERS + MAHANIVESH INDIA
+ BALLARPUR INDUSTRIES + MANGALYA SOFT TECH
+ BENGAL & ASSAM COMPANY + MARAL OVERSEAS
+ BFL ASSET FINVEST + MAYUR FLOORINGS
+ BHARAT IMMUNOLOGICALS & BIOLOGICALS CORP + MENON BEARINGS
+ BIRLA PRECISION TECHNOLOGIES + MID EAST PORTFOLIO
MANAGEMENT
+ BOMBAY POTTERIES & TILES + MODISON METALS
+ BRAND REALTY SERVICES + MOLD-TEK PACKAGING
+ CAMEX + MOONGIPA CAPITAL FINANCE
+ CG VAK SOFTWARE & EXPORTS + MOONGIPA SECURITIES
+ CIGNITI TECHNOLOGIES + NATH PULP & PAPER MILLS
+ CL EDUCATE + NIVI TRADING
+ COLINZ LABORATORIES + ONTIC FINSERVE
+ CREDITACCESS GRAMEEN + ORIENTAL CARBON &
CHEMICALS
+ CSL FINANCE + PATIDAR BUILDCON
+ DATAMATICS GLOBAL SERVICES + PAUSHAK
+ EIH ASSOCIATED HOTELS + PREM SOMANI FINANCIAL
SERVICES
+ ENKEI WHEELS (INDIA) + REFNOL RESINS & CHEMICALS
+ ENVAIR ELECTRODYNE + REGALIAA REALTY
+ ESSAR SHIPPING + S KUMARS.COM
+ EXPLICIT FINANCE + S T SERVICES
+ FLORA TEXTILES + S&T CORPORATION
+ GANGOTRI TEXTILES + SELAN EXPLORATION
TECHNOLOGY
+ GEEFCEE FINANCE + SHREE HARI CHEMICALS
EXPORT
+ GR CABLES + SIGNET INDUSTRIES
+ GSL SECURITIES + SOBHAGYA MERCANTILE
+ GTL INFRASTRUCTURE + SOLARA ACTIVE PHARMA
SCIENCES
+ GULSHAN CHEMFILL + SP CAPITAL FINANCING
+ HEALTHY INVESTMENTS + SQS INDIA BFSI
+ HINDUSTAN BIO SCIENCES + SRIKALAHASTHI PIPES
+ HSIL + STEELCAST
+ INCAP + TCI FINANCE
+ INVESTMENT & PRECISION CASTINGS + TD POWER SYSTEMS
+ JAMNA AUTO INDUSTRIES + TOKYO FINANCE
+ JAYASWAL NECO INDUSTRIES + TOKYO PLAST INTERNATIONAL
+ JBF INDUSTRIES + TTI ENTERPRISE
+ JITF INFRALOGISTICS + TWENTYFIRST CENTURY
MANAGEMENT
+ JJ FINANCE CORPORATION SERVICES
+ JL MORISON INDIA + TWIN ROSES TRADES &
AGENCIES
+ JMC PROJECTS (INDIA) + UNIJOLLY INVESTMENTS
COMPANY
+ JUBILANT INDUSTRIES + UNIPHOS ENTERPRISES
+ KABRA EXTRUSIONTECHNIK + UNJHA FORMULATIONS
+ KENNAMETAL INDIA + VARUN MERCANTILE
+ KKRRAFTON DEVELOPERS + VENLON ENTERPRISES
+ KUNSTSTOFFE INDUSTRIES + VTM
+ WINY COMMERCIAL & FISCAL
SERVICES

MARKETS
Call : Seen opening around RBI's repo rate due to demand for funds early
in
 the session. 1-day call: 6.30-6.55% vs 6.40% Wed.

Bonds : Seen steady ahead of RBI's 100-bln-rupee open market purchase of

bonds. Appetite muted ahead
of Interim Budget Fri. 7.26%, 2029, gilt yield seen 7.29-7.35% vs
7.33% Wed.

Rupee : Seen up as dollar falls after US Fed outcome.

Range: 71.00-71.40 vs 71.11/$1 Wed.

Stocks: To open higher on dovish comments from US Fed.

Nifty 50 range: 10620-10690 points; Wed-end: 10651.80 points, unch
from Wed.

MEDIA PICKS
==HOME FRONT==
* Goa CM accuses Rahul Gandhi of using courtesy visit for 'petty political
gains' (NDTV)
* Rahul Gandhi says PM Modi afraid of Goa CM Parrikar because of Rafale
(HT)
* PM Modi says note ban made homes affordable for youth (ToI)
* BSP's Mayawati calls Centre’s fresh Ayodhya petition election gimmick
(HT)
* Govt's 'malicious negligence' killed National Statistical Commission,
says Cong's Chidambaram (News 18)
* BJP accuses Shashi Tharoor of ridiculing Kumbh (ToI)
* Agusta scam accused Rajiv Saxena extradited to India (var)
* SC tells Karti Chidambaram to deposit 100 mln rupees for foreign travel
nod (var)
* SC refuses to stay SC/ST Act amendments, next hearing on Feb 19 (News 18)
* Israel Aerospace Industries announces $93-mln agreements with India for
naval surface-to-air missile system (RTR)
* Swine flu outbreak kills 76 in Rajasthan (RTR)
==FOREIGN AFFAIRS==
* Trump warns lawmakers that discussions without border wall would be waste
of time (WP)
* US intelligence report says North Korea likely to keep nuclear weapons
(BBC)
* Trump describes US intelligence agencies as "naive" and "wrong" in their
assessment of Iran (var)
* US tycoon Bloomberg says medicare for all would bankrupt US for 'a very
long time' (NYT)
* Afghan President Ghani says Pakistan holds 'keys to war' (RTR)
* Polar vortex causes cold snap in US (BBC)
* Venezuela's SC bans opposition leader Guaid from leaving country, freezes
bank accts (BBC)
* Israel PM Netanyahu to visit India on Feb 11 (var)
==BUSINESS AND ECONOMY==
> INDIA-RELATED
* Report finds Chanda Kochhar in violation of ICICI Bk code of conduct
(Cogencis)
* Source says Budget may keep FY20 GST revenue target unchanged (Cogencis)
* Indian businesses wary of Cong's income plan, see higher taxes (RTR)
* Govt source says corporate affairs min to probe allegations against Dewan
Housing (RTR)
* BUDGET: Market price of nearly two-thirds of kharif crops below MSP
(Cogencis)
* BUDGET: PSU M&As to meet divestment aim not the best strategy (Cogencis)
* Essar Steel operational creditor seeks hearing before NCLT OKs bid
(Cogencis)
* Qatar sovereign fund to invest $200 mln in Bharti Airtel African arm
(Cogencis)
* Govt hits back, says statistics panel members didn't share concerns
(Cogencis)
* PM Modi-led three-member panel to meet Fri, pick new CBI director
(Cogencis)
* Minister says expect Cabinet nod for postal life insurance unit in two
weeks (Cogencis)
* ICICI Bank Oct-Dec net profit down 2.8% on year at 16.05 bln rupees
(Cogencis)
* IOC's Oct-Dec net profit nosedives 91% on year, Apr-Dec GRM down
(Cogencis)
* Bajaj Auto's margin at 30-qtr low as CT 100 sold cheap (Cogencis)
* NTPC Oct-Dec PAT up just 1% on year, announces 1-for-5 bonus issue
(Cogencis)
* Dr Reddy's recalls 118 bottles of generic of Vytorin tablets in US
(Cogencis)
* Govt renames DIPP, gives it charge of internal trade also (Cogencis)
* Jet Air terms news on lessors asking to ground planes as speculative
(Cogencis)
* Restaurants seek clarity on e-commerce FDI rule tweak (ET)
* Air India to get capital infusion till divestment (Mint)
* Flipkart, Amazon lobby hard against FDI rules (ET)
> FROM OVERSEAS
* US Fed leaves rates steady, says will be 'patient' on future hikes (BB)
* Nissan former chief Ghosn calls arrest 'plot and treason' (BBC)
* Germany Jan inflation rises 1.7% on year, lower than euro zone target
(RTR)
* E-cigarette maker Juul plans India entry with new subsidiary (RTR)
* Foxconn re-thinking approach for Wisconsin factory (BB)
* Vale to sacrifice output for safety after dam collapse (RTR)
* Facebook paid 13-year-olds for access to internet data (The Guardian)
* Anonymous foreign investor buys 20% stake in parent company of Evening
Standard (The Guardian)
* Malaysia hits Deloitte with fine for failing to report 1MDB oddities (BB)
==SPORTS==
* Cushions from missing plane carrying footballer Sala found, underwater
search to start (BBC)
* Asian football body probes shoe-throwing semi-final between UAE and Qatar
(AFP)
==OF INTEREST==
* Climate change could lead to more children being born with congenital
heart defects, scientists say (Daily Mail)
* Scientists design jelly-like pill that inflates in stomach, can monitor
tumours or ulcers (BBC)
* Robot tour guide to lead visitors around Winston Churchill birthplace,
post selfies on social media (Daily Mail)

Sources - Television, print, or Web editions of:

AA--The Asian Age; ABC--ABC News; AFP--Agence France-Presse; AJ--Aaj Tak;
AP--Associated Press; BB--Bloomberg; BBC--British Broadcasting Corporation;
BS--Business Standard; BL--The Hindu Business Line; CNA--Channel News Asia;
CNN--Cable News Network; DD--Doordarshan; DNA--Daily News and Analysis;
ET--The Economic Times; FT--Financial Times; FE--The Financial Express;
FC--Financial Chronicle; HT--Hindustan Times; IE--Indian Express;
IHT--International Herald Tribune; IPS--Inter Press Service; MWA--
MarketWatch;
NDTV--New Delhi Television; NYT--New York Times; PTI--Press Trust of India;
RTR--Reuters; TEL--The Telegraph, Kolkata; TH--The Hindu; ToI--The Times of
India; TT--The Times, London; var--various; WP--Washington Post;
WSJ--The Wall Street Journal; ZEE--Zee News.
WEEK AHEAD
Jan wk 4: Government finances for Apr-Dec, by CGA.
Feb wk 1: Power generation for Jan, by Central Electricity Authority.
Feb 1 : Interim Budget for FY20.
Feb 1 : Nikkei Manufacturing PMI for Jan, by IHS Markit. 1030 IST.
Feb 1 : GST collections for Jan, by finance ministry.
Feb 1 : BOND AUCTION: RBI to auction 20 bln rupees worth of 7.00%, 2021
bond; 20 bln rupees
worth of 8.24%, 2027 bond; 30 bln rupees worth of floating rate
bond, 2031;
20 bln rupees worth of 7.40%, 2035 bond, and 30 bln rupees worth
of 8.17%, 2044 bond.
Feb 5 : Nikkei services and composite PMI for Jan, by IHS Markit. 1030
IST.
Feb 5-7 : RBI MPC meeting for sixth bi-monthly monetary policy for 2018-19.
Feb 5 : Press meet of Tech Mahindra to discuss Oct-Dec earnings. 1600
IST, Mumbai.

ON THE HORIZON
Feb 12 : Index of Industrial Production for Dec, by CSO. 1730 IST.
Feb 12 : CPI (Combined) for Jan, by CSO. 1730 IST.
Feb 14 : WPI for Jan, by commerce and industry ministry. 1200 IST.
Feb 14 : Launch of Mahindra & Mahindra compact sports utility vehicle XUV
300. Mumbai.
Feb wk 2: Automobile sales for Dec, by SIAM.
Feb wk 2: Rail freight traffic for Jan, by rail ministry.
Feb wk 2: Rupee REER for Jan, by RBI.
Feb wk 2: FDI inflow for Dec, by RBI.
Feb wk 2: Major ports freight traffic for Apr-Jan, by IPA.
Feb wk 2: Merchandise trade for Jan, by commerce and industry ministry.
Feb wk 4: Crude, refinery output for Jan, from petroleum ministry
Feb wk 4: Mobile subscriber addition data for Nov, by TRAI.
Feb wk 4: Foreign tourist arrivals for Jan, by tourism ministry.
Feb 28 : GDP for Oct-Dec and 2nd advance estimate for 2018-19, by CSO.
1730 IST.
Mar wk 2: Balance of payments for Oct-Dec, by RBI.
May 31 : Provisional estimates of GDP for 2018-19. 1730 IST.

End

US$1 = 71.12 rupees

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

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