MORNING NEWS CALL

FACTORS TO WATCH

12:00 pm: Government to release December wholesale price inflation data in New Delhi. 5:30 pm: Government to release December consumer price inflation data in New Delhi.

LIVECHAT - FX WEEK AHEAD

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INDIA TOP NEWS

India's industrial output growth nosedives in November India's industrial output slumped to 0.5 percent in November amid a slowdown in auto and garment manufacturing, making Prime Minister Narendra Modi's challenge to boost investment before an election in the coming months seem tougher than ever.

Infosys raises revenue guidance, but third-quarter profit misses estimate

Infosys, India's second-biggest IT services company, on Friday raised its revenue growth forecast on the back of robust demand for its core services as well as its latest digital offerings from its Western clients.

Lessors to India's troubled Jet Airways consider taking back planes -sources Crisis talks between India's cash-strapped Jet Airways and aircraft lessors have failed to ease a row over late payments, prompting some lessors to explore taking back aircraft, three people familiar with the matter told Reuters.

NSE says its chairman has resigned due to recent legal developments Ashok Chawla has resigned as the chairman of the National Stock Exchange Of India (NSE) with immediate effect "in light of recent legal developments," the exchange said on Friday.

Social media giants plan push-back on India's new regulations -sources Global social media and technology giants are gearing up to fight sweeping new rules proposed by the Indian government that would require them to actively regulate content in one of the world's biggest Internet markets, sources close to the matter told Reuters.

Samsung to launch India-first smartphones to counter Chinese rivals

Samsung plans to launch a budget smartphone series in India ahead of a global release, aiming to regain ground ceded to Chinese rivals such as Xiaomi in the world's second-biggest mobile phone market.

Bharti Airtel to give Tanzania bigger stake in local telecoms firm Bharti Airtel has agreed to give part of its stake in Airtel Tanzania to the government, raising the East African nation's holding in the mobile phone operator to 49 percent from 40 percent, the president's office said on Friday.

Rahul Gandhi vows to reform sales tax, seek investment as poll nears

India's main opposition Congress party will simplify the goods and services tax (GST) and take "rational economic

decisions" to attract foreign investment if voted back to power in a general election due by May, its leader Rahul Gandhi

said on Saturday.

GLOBAL TOP STORIES

China posts strongest export growth in 7 years in 2018 despite trade war

China's exports rose 9.9 percent in 2018, its strongest trade performance in seven years, despite growing disruptions from an escalating trade war with the United States, customs data showed.

Ahead of vote, UK PM May warns it would be catastrophic to halt Brexit

British Prime Minister Theresa May warned lawmakers on Sunday that failing to deliver Brexit would be catastrophic for democracy, in a plea for support two days before parliament is expected to reject her deal with Brussels.

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Republican Sen. Graham urges Trump to open US government temporarily

A Republican senator close to President Donald Trump on Sunday backed a temporary re-opening of the federal government, in the 23rd day of the longest shutdown ever, to allow for talks on a spending agreement that could satisfy Trump's border security demands.

STATE OF THE MARKETS

SGX Nifty nearest-month futures were trading almost flat at 10,824.00 from its previous close. -NewsRise

The Indian rupee is expected to open little changed after regional equities floundered after last week’s advance, offsetting a retracement in Brent crude oil. -NewsRise

Indian government bonds are expected to trade largely unchanged in early session as investors await inflation data due after market today. The yield on the benchmark 7.17 percent bond maturing in 2028 is likely to trade in a 7.48 percent - 7.53 percent band today. -NewsRise

Wall Street dipped slightly on Friday, breaking a five-session rally, as energy shares declined and investors looked ahead to earnings season, which kicks off next week with Citigroup, JPMorgan and other big banks.

Asian shares turned down as China trade data started trickling in and as investors looked to key corporate earnings later in the week to take the pulse of a cooling global economy.

The dollar rose against most of its peers, although heightened investor expectations that the Federal Reserve will not raise rates this year are most likely to cap the greenback's gains.

U.S. Treasury debt prices gained on Friday as stocks weakened in choppy trading, and as bonds were also helped by the weight of new Treasury supply this week being lifted from the market.

Oil prices edged up, supported by ongoing supply cuts from producer club OPEC and Russia and by a drop in U.S. drilling activity.

Gold prices inched up, supported by expectations that the U.S. Federal Reserve will not raise rates this year, but the yellow metal faced a strong technical resistance at $1,300, keeping the bullion range-bound for the past couple of weeks.

CLOSE FII INVESTMENTS EQUITIES DEBT

PNDF spot 70.51/70.54 January 11 -$97.65 mln -$60.36 mln

10-yr bond yield 7.5 pct Month-to-date -$238.15 mln -$254.96 mln

Year-to-date --- ---

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PICTURE OF THE DAY

Devotees pray after taking a holy dip at Sangam, the confluence of the Ganges, Yamuna and Saraswati rivers, ahead of the "Kumbh Mela", or the Pitcher Festival, in Prayagraj, previously known as Allahabad, January 13. REUTERS/Danish Siddiqui