MORNING NEWS CALL

FACTORS TO WATCH

12:30 pm: Sarveshwar Foods to announce its IPO on the SME Exchange in Mumbai.

3:00 pm: Science & Technology Minister Harsh Vardhan at National Science and Technology Awards in New Delhi.

3:45 pm: Finance Minister Arun Jaitley and CRISIL Managing Director Ashu Suyash at launch of CRISIL Inclusix in

New Delhi.

4:30 pm: India-Jordan Joint Business Meeting in New Delhi.

5:00 pm: Government to release January infrastructure output data in New Delhi.

5:30 pm: Government to release October-December GDP data in New Delhi.

LIVECHAT - MARKETS FOCUS

Stephen Innes, head of APAC trading at Oanda, joins us to talk about markets and cues to watch and what next to

expect from central banks at 0930 IST. To join the conversation, click here

INDIA TOP NEWS

India's growth pace for Oct-Dec quarter could top China's rate

India might have regained the status of the world's fastest-growing major economy in the October-December quarter,

driven by higher government spending and a pick-up in manufacturing and services.

Company owned by jeweller at heart of India bank fraud case files for bankruptcy

A company owned by Nirav Modi, the billionaire jeweller at the heart of a $2 billion fraud case in India, has filed for

bankruptcy in a New York court, as investigators stepped up their investigation into a case that has stunned the

country.

AIIB approves $1.5 billlion in loans to India for infrastructure projects

Beijing-based Asian Infrastructure Investment Bank (AIIB) has approved $1.5 billion in loans to India for infrastructure-

related projects in 2018, a senior official of the AIIB said on Tuesday.

Safran close to India combat jet engine deal -sources

France's Safran is close to an agreement to supply a version of its M88 military jet engine for India's Tejas light combat

aircraft, two people close to the discussions said.

GLOBAL TOP STORIES

Japan's industrial output tumbles in January as inventories build up

Slowing production of cars and electronics in January tipped Japan's industrial output into its biggest tumble since a

devastating earthquake in March 2011, highlighting a weakening in demand and a build up of inventory.

Comcast's $31 billion Sky bid crashes Murdoch and Disney show

U.S. cable giant Comcast Corp has offered $31 billion for Sky Plc, threatening a plan hatched by Rupert Murdoch's

Twenty-First Century Fox Inc and Walt Disney to seize control of Europe's biggest pay-TV group.

REUTERS INDIA EDITION Wednesday, February, 28, 2018

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MORNING NEWS CALL - INDIA EDITION Wednesday, February, 28, 2018

U.S. congressional Republicans reject new limits on guns

Republican leaders of the U.S. Congress said on Tuesday they would not raise the minimum age for gun buyers, in a

sign that one of US President Donald Trump's proposals likely will not get far on Capitol Hill after a deadly Florida school

shooting.

STATE OF THE MARKETS

The SGX Nifty Futures were trading at 10,512.50, down 0.5 pct from its previous close. -NewsRise

The Indian rupee will likely open sharply lower against the dollar after the Federal Reserve chair’s upbeat economic

assessment and optimism on achieving inflation target boosted the U.S. currency. -NewsRise

Indian government bonds are likely to edge lower in early trade tracking firm U.S. Treasury yields that make emerging

market debt less attractive for investors. The yield on the 7.17 pct bond maturing in 2028 is likely to trade in a 7.64 pct -

7.70 pct band. -NewsRise

U.S. stocks suffered on Tuesday their biggest daily drops since the selloff three weeks ago after comments from

Federal Reserve Chairman Jerome Powell revived fears about more interest-rate increases than expected this year.

Asian shares extended losses and bonds were sold off as weak factory data from China revived worries about global

economic growth amid fears of faster rate rises in the United States.

The dollar stood near a three-week high against a basket of currencies, after Federal Reserve Chairman Jerome

Powell's upbeat views on the economy bolstered bets on further Fed interest rate hikes this year.

The margin between U.S. shorter- and longer-dated yields narrowed on Tuesday after Federal Reserve Chairman

Jerome Powell said data since December pointed to a strengthening economy and his confidence had increased that

inflation will rise.

U.S. oil prices extended declines into a second day as the dollar gained and industry data showed an increase in U.S.

crude and gasoline stockpiles, with surging production in the country hampering OPEC attempts to end a global glut.

Gold prices were unchanged near a more than two-week low, as the dollar held recent highs after Federal Reserve

Chairman Jerome Powell vowed to prevent the economy from overheating while sticking with gradual rate rises.

CLOSE FII INVESTMENTS EQUITIES DEBT

PNDF spot 64.92/64.95 February 27 -$139.73 mln -$197.47 mln

10-yr bond yield 7.7 pct Month-to-date -$1.53 bln -$98.06 mln

Year-to-date $506.77 mln $1.37 bln

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MORNING NEWS CALL - INDIA EDITION Wednesday, February, 28, 2018

(Compiled by Swathi Nair 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

A widow daubed in colours takes part in Holi celebrations in the town of Vrindavan in Uttar Pradesh, February 27. REUTERS/Adnan

Abidi