MORNING NEWS CALL

FACTORS TO WATCH

09:30 am: Trade Minister Suresh Prabhu, NITI Aayog CEO Amitabh Kant and SREI Infrastructure Finance CMD

Hemant Kanoria at International Business Congress annual general meeting in New Delhi.

10:00 am: Trade Minister Suresh Prabhu and DIPP Secretary Ramesh Abhishek to address FICCI event in New

Delhi.

10:30 am: Transport Minister Nitin Gadkari to inaugurate national workshop for non-governmental organizations

working on road safety in New Delhi.

12:30 pm: Bandhan Bank MD & CEO Chandra Shekhar Ghosh at post-earnings press conference in Mumbai.

12:30 pm: M&M Farm Equipment President Rajesh Jejurikar to launch tractor platform for specialized segment in

Mumbai.

02:30 pm: Maruti Suzuki press conference on Q4 results in New Delhi.

03:30 pm: RBL Bank MD & CEO Vishwavir Ahuja to address press conference on January-March results in Mumbai.

04:00 pm: Maruti Suzuki India earnings conference call in Mumbai.

05:00 pm: RBI to release weekly foreign exchange data in Mumbai.

06:00 pm: Railways Minister Piyush Goyal, Trade Minister Suresh Prabhu and Junior Aviation Minister Jayant Sinha

at India Economic Summit 2018 in Mumbai.

06:15 pm: Reliance Industries press conference on January-March results in Mumbai.

LIVECHAT - QUIZ EAST

Our Friday quiz focuses on Asia and the week's top news. Test your wits

and googling speed at 11:00 am IST .To join the Global Markets Forum, click here

INDIA TOP NEWS

Axis Bank dragged to first quarterly loss by bad loans Axis Bank reported its first ever quarterly loss on Thursday after a surge in bad loans, capping a troubled year for the

country's third-biggest private sector lender by assets.

India, China to court each other at informal summit in bid to re-set ties

The leaders of India and China are set to make their boldest attempt yet at rapprochement in talks this week just months

after a dispute over a stretch of their high-altitude Himalayan border rekindled fears of war.

Indian police probe suspected $90 million loan fraud at IDBI Bank

India's federal police agency said on Thursday it was investigating an alleged $90 million loan fraud at IDBI Bank,and

former senior bank officials were among those being investigated.

Lodha Developers files for IPO

Real estate firm Lodha Developers on Thursday filed for an initial public offering, expected to be one of the biggest stock

market debuts in India this year.

Yes Bank Q4 profit rises 29 percent

Yes Bank posted a 29 percent increase in fourth-quarter profit, helped by higher interest income.

Biocon Q4 profit rises 2.2 percent

Biocon, India's biggest biotechnology company, posted a marginal 2.2 percent rise in net profit on Thursday.

REUTERS INDIA EDITION Friday, April 27, 2018

2

MORNING NEWS CALL - INDIA EDITION April 27, 2018

GLOBAL TOP STORIES

"A new history starts now" as leaders of two Koreas begin summit

Smiling and holding hands, North Korean leader Kim Jong Un and South Korean President Moon Jae-in met at the

heavily fortified demilitarised zone between the countries in the first summit for the two Koreas in over a decade.

BOJ set to keep policy steady, maintain price forecasts

Japan's central bank is set to keep monetary policy steady and project inflation to hit its target next fiscal year, signalling

that its next move could be to dial back its huge stimulus albeit at a much slower pace than its global peers.

Amazon surprises Wall Street with huge profits, optimistic outlook

Amazon.com march in retail and cloud computing showed no sign of slowing on Thursday, as the company reported a

surge in first-quarter profit and a rosy outlook for the spring, surprising all but the most optimistic on Wall Street.

STATE OF THE MARKETS

The SGX Nifty nearest-month futures were trading at 10,661.00, up 0.4 percent from its previous close.-NewsRise

The Indian rupee is likely to open lower against the dollar amid expectations of month-end corporate demand for the

U.S. currency.-NewsRise

Indian government bonds will likely open higher, tracking easing U.S. Treasury yields even as investors are expected

to stay cautious ahead of a long weekend. Yield on the benchmark 7.17 percent 2028 bond is likely to trade in a 7.73

percent - 7.79 percent band today.-NewsRise

U.S. stocks advanced on Thursday with each of Wall Street's major indexes ending the session up 1 percent or higher,

boosted by solid earnings results and a rebound in technology stocks as U.S. bond yields pulled back.

Asian shares edged higher, after U.S. equities were buoyed by solid quarterly earnings and a rebound in technology

stocks, while the euro languished near three-month lows after the European Central Bank kept interest rates

unchanged.

The dollar held near a 3-1/2-month high against a basket of currencies as higher U.S. yields have prompted unwinding

of big short positions in the currency while the euro was hampered by a dovish tone from the European Central Bank.

U.S. Treasury yields fell on Thursday, with the 10-year yield dipping below 3 percent as buyers emerged following a

week-long selloff spurred by concerns about rising inflation and growing borrowing by the U.S. government.

Oil prices edged lower, but Brent largely held gains from the previous session amid concerns that Iran may face

renewed sanctions, choking off supply.

Gold prices languished near five-week lows, set for a weekly decline of more than 1 percent on a stronger dollar, higher

U.S. Treasury yields and easing geopolitical concerns.

CLOSE FII INVESTMENTS EQUITIES DEBT

PNDF spot 66.77/66.80 April 26 -$158.08 mln -$279.70 mln

10-yr bond yield 7.85 pct Month-to-date -$794.74 mln -$2.07 bln

Year-to-date $1.37 bln -$1.35 bln

3

MORNING NEWS CALL - INDIA EDITION April 27, 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

South Korean President Moon Jae-in and North Korean leader Kim Jong Un meet in the truce village of Panmunjom inside the demilitarized zone separating the two Koreas, South Korea, April 27. Korea Summit Press via Reuters