MORNING NEWS CALL

FACTORS TO WATCH

9:45 am: India Housing Secretary Durga Shankar Mishra to inaugurate 1st regional workshop on star rating of garbage

free cities, in New Delhi.

10:00 am: India’s Director General of Foreign Trade Alok Chaturvedi, Additional Director General of Foreign Trade

Nikunj Srivastava at 2nd national conference on export control, in New Delhi.

10:00 am: India Labour Minister Santosh Kumar Gangwar at national conference on building and other construction

workers in New Delhi.

10:30 am: India Trade Minister Suresh Prabhu to visit Federation of Indian Export Organisations’ cleanliness drive in

New Delhi.

11:00 am: Reserve Bank of India Deputy Governor N.S. Vishwanathan to deliver convocation address at The National

Institute of Bank Management in Pune.

11:00 am: Mahindra & Mahindra President - Automotive Sector Rajan Wadhera to announce new development around

flagship SUV XUV500 in Mumbai.

11:30 am: S&P Global Ratings' analysts to share views on IFRS 9 adoption by Asia-Pacific banks in Mumbai.

3:30 pm: India External Affairs Minister Sushma Swaraj, Human Resources Minister Prakash Javadekar to launch

Study in India portal in New Delhi.

LIVECHAT - EQUITIES WATCH

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INDIA TOP NEWS

Fosun offers to invest up to $350 million in India's Fortis Healthcare

Fortis Healthcare Ltd, the target of two rival takeover bids, received an unsolicited investment offer of up to $350 million

from a unit of Chinese conglomerate Fosun International, the company said in a regulatory filing on Tuesday.

CBI probing Surya Pharmaceuticals in $95 million bank fraud case

Indian police have launched an investigation into a Delhi-based pharmaceutical company for allegedly defrauding state-

run Punjab & Sind Bank and four other banks of 6.21 billion rupees, police said.

Vedanta gets regulatory nod for Electrosteel takeover

Vedanta Ltd said on Tuesday it got approval from India's designated court for bankruptcy cases to acquire Electrosteel

Steels Ltd.

India calms cash crunch worries, will ensure adequate currency supply

India's government and the central bank said on Tuesday they will ensure there is an adequate amount of cash in

circulation, following reports that banks' automated teller machines (ATMs) had run out of notes in different parts of the

country.

ONGC files arbitration claim against Sudan over unpaid oil dues

The foreign acquisition unit of India's Oil and Natural Gas Corp's (ONGC) has filed an arbitration claim against the

government of Sudan in a London court, a company official said, seeking to recover dues pending for years from a

project hit by the breakaway of South Sudan in 2011.

REUTERS INDIA EDITION Wednesday, April 18, 2018

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MORNING NEWS CALL - INDIA EDITION Wednesday, April 18, 2018

GLOBAL TOP STORIES

China's ZTE may lose Android license as U.S. market woes build

Chinese smartphone maker ZTE Corp's U.S. woes deepened on Tuesday, as regulators proposed new rules that could

cut into its sales, while a supply ban means it may not be able to use Android software in its devices, according to a

source.

Japan's March exports disappoint on strong yen, trade friction a risk

Japan's exports rose less than expected in March due to a strong yen, raising some concern about the outlook for

shipments on top of anxiety over Washington's criticism of the nation's large trade surplus with the United States.

Trump's CIA chief in secret meeting with North Korean leader -U.S. officials

U.S. Secretary of State nominee and CIA Director Mike Pompeo made a secret visit to North Korea over the Easter

weekend and met with North Korean leader Kim Jong Un to discuss a planned summit with U.S. President Donald

Trump, U.S. officials said on Tuesday.

STATE OF THE MARKETS

SGX Nifty nearest-month futures at 10,597.50, up 0.4 percent from its previous close.-NewsRise

The Indian rupee is expected to edge lower against the dollar today as better-than-expected housing and industrial

output data lifted the U.S. currency from three-week lows.-NewsRise

Indian government bonds will likely open little changed amid lack of fresh triggers, while investors await minutes of the

April policy meeting of the nation’s rate-setting Monetary Policy Committee. The yield on the benchmark 7.17 percent

bond maturing in 2028 may trade in a 7.48 percent - 7.53 percent band today.- NewsRise

U.S. stock indexes rallied on Tuesday on broad-based gains while Netflix and UnitedHealth earnings impressed

investors and boosted optimism about the U.S. corporate reporting season.

Asian shares crept ahead after Wall Street took heart from upbeat corporate earnings, though nagging concerns about

trade barriers and the global growth outlook kept currencies and bonds subdued.

The dollar held to modest gains after climbing off a three-week low on upbeat U.S. data, although lingering caution over

U.S.-China trade tensions confined currencies to narrow ranges.

The U.S. yield curve on Tuesday was at its flattest in over a decade, driven by rising short-dated Treasury yields and a

fall at the long end, even as geopolitical and trade risks eased.

Oil prices edged up, lifted by a reported fall in U.S. crude inventories and by the ongoing risk of supply disruptions.

Gold prices slipped while the dollar held its gains on the back of upbeat March U.S. housing starts and industrial

production figures.

CLOSE FII INVESTMENTS EQUITIES DEBT

PNDF spot 65.66/65.69 April 17 -$144.81 mln -$421.39 mln

10-yr bond yield 7.63 pct Month-to-date -$233.89 mln -$535.18 mln

Year-to-date $1.93 bln $185.45 mln

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MORNING NEWS CALL - INDIA EDITION Wednesday, April 18, 2018

(Compiled by Priyanka Das and Shradha Singh 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

People pray at Kaba Aye Pagoda during Myanmar's new year, in Yangon, Myanmar April 17, 2018. REUTERS/Ann

Wang