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MOODY’S : Downgrades China Rating To A1 From Aa3 MOODY’S : Revises China's Ratings Outlook To Stable From Negative MOODY’S : China Economy-Wide Debt To Continue To Rise As Growth Slows MOODY’S : Expects China's Financial Strength To Erode In Coming Years GLOBAL CUES : U.S. Benchmark Indices End Higher, 0.2% Gains For Dow And S&P GLOBAL CUES : European Indices End Mixed; Dax Gains, FTSE Down Marginally GLOBAL CUES : Peripheral European Indices Advance In Yesterday’s Session GLOBAL CUES : U.K PM Theresa May Raises Threat Concern For Britain GLOBAL CUES : Asian Markets Open With Marginal Gains; Nikkei Higher By 0.5% GLOBAL CUES : Dollar Index Trades With Marginal Moves Above 97 Level GLOBAL CUES : Crude Has Gained For 6 Straight Sessions GLOBAL CUES : All Eyes Will Be On Crude Oil Ahead Of The Output Deal Meeting Tomorrow GLOBAL CUES : Gold Loses $10/Oz In Last 2 Sessions, Trades Near $1250/Oz GLOBAL CUES : Japanese Yen Trades Largely Unchanged Near 111/$ TATA MOTORS Q4 EARNINGS : Consol PAT Rs 4,290 Cr Vs Rs 5,170 Cr, Down 17% YoY TATA MOTORS Q4 EARNINGS : Total Income Rs 78,981 Cr Vs Rs 81,080 Cr, Down 2.3% YoY TATA MOTORS Q4 EARNINGS : Operating Margin At 4.1% TATA MOTORS SAYS : Provided Rs 148 Cr For BS-III Vehicles Inventory TATA MOTORS SAYS : De-Growth In M&HCV, LCV Segment Partly Offset By Growth In PV Segment TATA MOTORS SAYS : Q4 Employee Separation Cost At Rs 67 Cr TATA MOTORS SAYS : Rs 3500 Cr Credit On JLR Pension Calculation Change TATA MOTORS SAYS : To Recognise Service Credit Of Rs 354 Cr April-June TATA MOTORS SAYS : Forex Loss Of Rs 1,074 Cr Due To Translation Impact From GBP To INR TATA MOTORS SAYS : Export And Defence Related Business To Remain Key Focus Area In 2017-18 TATA MOTORS SAYS : Hope Favorable GST Impact And Good Monsoon Will Support CV In FY18 TATA MOTORS SAYS : JLR's Planning Target Is To Achieve 8-10% EBIT Margin In Medium Term TATA MOTORS SAYS : JLR Models Expected To Drive Solid Growth In FY18 And Beyond JLR Q4 : Revenues At Euro 7268 Mn, up 10% YoY JLR Q4 : PAT At Euro 557 mn, up 18.0% YoY JLR Q4 : Operating Margin At 14.5% LUPIN EARNINGS PREVIEW : Q4 PAT Seen At Rs 643 Cr Vs Rs 807 Cr, Down 20% YoY LUPIN EARNINGS PREVIEW : Q4 Sales Seen At Rs 4383 Cr Vs Rs 4181 Cr, Up 5% YoY LUPIN EARNINGS PREVIEW : Q4 EBITDA Seen At Rs 1116 Cr Vs Rs 1367 Cr, Down 18% YoY LUPIN EARNINGS PREVIEW : Q4 Margins Seen At 25.5% Vs 32.7% YoY LUPIN EARNINGS PREVIEW : India Business Expected To Grow 13% YoY LUPIN EARNINGS PREVIEW : Japan Sales Expected To Improve 15% YoY STOCKS TO WATCH : Infosys: Adopts New Charter To Tackle Shareholder Concerns STOCKS TO WATCH : Voltas: Forms $100 Mn JV With Ardutch STOCKS TO WATCH : MCX: Equities Boom Hits Commodity Trading Volume On MCX

Policy Logjams In India Not A Surprise: Clive McDonnell

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Clive Mcdonnell, Head of Equity Strategy at Standard Chartered, likes India in the regional context although he finds the country's fundamentals "far from perfect". He states that the government is trying its best to push reforms in the country.