MORNING NEWS CALL

FACTORS TO WATCH

6:00 pm: ICICI Bank post-earnings conference call in Mumbai.

INDIA TOP NEWS

Flipkart yet to finalise stake sale deal with Walmart- sources

Flipkart's board is yet to finalise a deal to sell a controlling stake to Walmart, two sources with direct knowledge of the

matter said on Friday, adding a deal could just be days away.

Fraud-hit Indian lender PNB targets over 10 percent business growth in 2018/19

Fraud-hit Indian lender Punjab National Bank said on Sunday it aimed to expand its total business 10.8 percent to $180

billion in the year to March 2019 and outlined steps to prevent more such frauds.

Manipal raises bid for Fortis, outlines cash injection plan

India's privately-held Manipal Hospitals sweetened its bid for rival Fortis on Sunday, offering to inject $314 million to help

the ailing hospital operator meet its immediate cash needs.

Monsanto appeals to India's top court over GM cotton patents

Monsanto has appealed to India's Supreme Court against a ruling by the Delhi High Court which decreed last month that

the world's biggest seed maker cannot claim patents on its GM cotton seeds, a company spokesman said on Friday.

India's cryptocurrency investors bet trading will survive bank ban

A month after India's central bank barred regulated lenders from facilitating cryptocurrency transactions, trading volumes

have surged dramatically alongside a sharp rally in prices.

India to allow longer hours for equity derivatives trading

India's market regulator said on Friday it will extend the window for trading equity derivatives starting October, a move

that will enable stock exchanges to offer the products for nearly 14 hours a day.

India announces government bond purchases after disappointing auction

RBI unexpectedly announced it would buy $1.50 billion of government bonds via open market operation, after failing to

sell all the debt it had offered to bidders earlier on Friday.

GLOBAL TOP STORIES

Some in BOJ warned of premature exit debate in March - minutes

Some Bank of Japan policymakers warned against premature debate of an exit from ultra-loose policy even as they

worried about the rising cost of prolonged easing, minutes of the BOJ's March meeting showed, reinforcing yet again the

challenge of hitting an elusive inflation target with a diminishing tool-kit.

Activist investment rising in Asia, led by local players -JP Morgan

Activist investing in Asia is rising steadily, driven more by local players rather than headline-grabbing foreign firms, as

the region's regulators pay greater attention to corporate governance, according to research from JP Morgan.

ZTE says asked U.S. Commerce Department to suspend business ban

China's ZTE has submitted an application to the U.S. Commerce Department's Bureau of Industry and Security for the

suspension of a business ban, it said in a filing to the Shenzhen stock exchange on Sunday.

REUTERS INDIA EDITION Monday, May 7, 2018

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MORNING NEWS CALL - INDIA EDITION May 7, 2018

STATE OF THE MARKETS

The SGX Nifty nearest-month futures were trading at 10,682.00, up 0.2 percent from previous close.-NewsRise

The Indian rupee is likely to open slightly higher against the dollar after U.S. job additions and average hourly earnings

missed estimates.-NewsRise

Indian government bonds are likely to jump today as the Reserve Bank of India unexpectedly announced an open

market purchase of notes to meet durable liquidity needs going forward.The yield on the benchmark 7.17 percent bond

maturing in 2028 is likely to trade in 7.60 percent -7.68 percent band today.-NewsRise

The three major U.S. stock indexes rose more than 1 percent on Friday after weaker-than-expected U.S. wage growth

helped to calm investor fears about rising interest rates and inflation, though the S&P 500 and Dow Industrials still

posted losses for the week.

Asian shares crept higher after a tame reading on U.S. wages lowered the risk of faster rate hikes by the Federal

Reserve, although Sino-U.S. trade tensions and a looming deadline for the Iranian nuclear deal argued for caution.

The dollar stayed near its 2018 peak after U.S. jobs and wages data did little to water down perceptions of strength in

the U.S. economy, though renewed concerns about trade frictions could cloud its outlook.

U.S. Treasury yields were little changed on Friday after dropping to multiweek lows, supported by U.S. equity gains as

investors believed a weaker-than-expected jobs report will not deter the Federal Reserve from raising interest rates at

the June meeting.

U.S. oil prices rose above $70 a barrel for the first time since November 2014, as a deepening economic crisis in

Venezuela threatened the country's already tumbling oil supplies.

Gold prices edged up in early trade as the dollar took a breather after climbing to its highest level this year in the

previous session.

CLOSE FII INVESTMENTS EQUITIES DEBT

PNDF spot 66.83/66.86 May 4 -$243.68 mln -$118.01 mln

10-yr bond yield 7.73 pct Month-to-date -$65.43 mln -$228.23 mln

Year-to-date $1.12 bln -$1.89 bln

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MORNING NEWS CALL - INDIA EDITION May 7, 2018

(Compiled by Priyanka Das in Bengaluru) For questions or comments about this report, contact: reuters.marketwatch@thomsonreuters.com For more information about our products: https://www.thomsonreuters.com/en/products-services.html Or send us a sales enquiry at: https://www.thomsonreuters.com/en/contact-us.html or call us on North America: +1 800 758 5555 To subscribe for the India Morning Newscall newsletter click here You may instruct us to remove you from Morning News Call by clicking on the link - https://forms.thomsonreuters.com/india-morning/Unsubscribe/

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PICTURE OF THE DAY

Ethnic Miao villagers take part in a ploughing competition in the field to greet "Li Xia", the beginning of summer in

Liuzhou, Guangxi province, China May 5, 2018. REUTERS/Stringer