*WHAT TO WATCH:* Today..

*WHAT TO WATCH:*
• A $2 Billion Health Empire Run By Four Sisters Makes a Comeback
• India October Crude Oil Imports Rise 10.5% Y/y to 21M Tons
• Maldives, Wooed by India, Set to Scrap China Deal, Reports Say
• Biggest Indian Utility Said to Mull Buying Distressed Generators
• Tycoon Mistry Plans $1 Billion Share Offer Amid Rare Sales
• BPCL Unit to Spend 40B Rupees on Maharashtra City Gas Projects
• Piramal Enterprises to Consider Private Placement of NCDs up to INR10b
• India Coffee Output Seen Down; Indonesia Revised Lower: USDA FAS
• Goldman Sees Double-Digit Emerging-Market Stock Returns in 2019
• Twitter CEO Gets Trolled After Wading Into India’s Caste Debate
• Global Funds Sell Net INR13.8b of India Equity Derivatives on Tuesday
o Global Funds Sell Net INR7.53b of India Stocks Tuesday: NSE
o Foreign Investors Buy Net INR10.5b of Indian Equities Nov. 19
• Why India’s Government and Central Bank Are Feuding: QuickTake]
• Worst Day of an Awful Year Leaves No Corner of Market Unscathed

*EARNINGS: (net income adj. ests. in INR where available)*
• Dewan Housing Finance (DEWH) 2Q 4.19b (5 analysts)

*GOVERNMENT:*
• 10:30am: New Delhi. HRD Minister Prakash Javadekar to inaugurate ‘Institution’s Innovation Council (IIC)’

*CENTRAL BANKS (All times India Time):*
• India bonds, FX markets are shut Wednesday for a local bank holiday

*BOND SALES:*
• ABFL Plans at Least INR1.25b 3-Part Tap of 2020 Bonds
• Bajaj Finance Issue 2,000 Cured Redeemable NCDs for 2b rupees
• Indiabulls Consumer Finance Plans INR2.5b 2-Month CP at 9.3%
• Indiabulls Housing Finance Plans INR5b 2-Month CP at 7.85%
• CLOSED: L&T Finance INR1.17b Tap of 2020, 2022 Bonds
• Shriram Transport Finance Alloted Bonds Worth INR2.5b

*CONFERENCES/CORPORATE EVENTS:*
• 9am: Mumbai. AAFM India to host Wealth Management Convention 2018
• 9am: Mumbai. IAMAI to host Chief Digital Officer Summit
• 12pm: Mumbai. Hurun Report India and GROHE host a press conference for unveiling of GROHE Hurun India Property Rich List: Top 100
• 12pm: Gurugram. Panasonic host a press conference for the launch of new innovation Seekit, a Bluetooth tracker

*ANALYST ACTIONS:*
• Kaveri Seed Upgraded to Buy at Cholamandalam; PT 639 Rupees
• Suven Life Reinstated at Dolat Capital With Buy; PT 315 Rupees
• Motherson Sumi Downgraded to Hold at BNP Paribas; PT 140 Rupees
• Container Corp Upgraded to Buy at Nomura; PT 800 Rupees

*MARKETS:*
• S&P 500 down 1.8% at 2,641.89
• STOXX Europe 600 down 1.1% at 351.06
• MSCI Asia Pacific Index down 1.2% at 150.55
• Gold spot little changed at $1,221.27
• Brent Futures up 1.1% at $63.21/bbl
• Sensex down 0.84% to 35,474.51
• Nifty Index down 1% to 10,656.20
• SGX Nifty futures down 0.1% at 10,659
• INR up 0.3% to 71.4613
• Yield on 7.17399% bonds maturing Jan 2028 at 7.79% on Nov. 20
• Rupee Gains as RBI Signals Truce With Government: Inside India

*EQUITY PREVIEW:*
• Bank of Baroda (BOB): To sell its 4% stake in Clearing Corp. of India to HDFC Bank for 1.24b rupees
• Dolphin Offshore (DOEI): Says unit wins $1m arbitration award vs Alcock
• Dr. Reddy’s (DRRD): Wins ruling in bid to sell opioid treatment
• Minda Corp (MDA): In definitive agreements with JV partner Furukawa to raise stake of partner from 49% to 75%
• NBCC India (NBCC): Says submits expression of interest for Jaypee Infra; co. provisionally shortlisted by JIL administrator
• NTPC (NTPC): Signs pact for building EV charging infrastructure
• Religare Enterprises (RELG): 2Q loss 128.4m rupees vs 82.5m profit a year ago
• Suzlon Energy (SUEL): Signs pact with Canadian Solar for sale of units Amun & Avighna