TNS MARKET ROUNDUP: Stocks, Rupee end up on inflows; Bonds down
MUMBAI, Mar 8(TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended up on Tuesday as domestic indices reversed its trend and traded with gains led by export-oriented sectors like Pharma and IT which witnessed buying interest as the rupee fell to its record lows. Favorable exit poll results of state election and low-level buying seen in mid and small caps also helped in adding optimism in the domestic market. The 30-share Sensex closed 581.34 points or 1.10% higher at 53,424.09 on the BSE, while the 50-stock Nifty gained 150.30 points or 0.95% to close at 16,013.45 on the NSE.
***
EUROPEAN STOCKS:
European markets pulled back again on Tuesday as the prospect of a Western ban on Russian oil imports fuels concerns about inflation and a growth slowdown, CNBC reported on Tuesday.
US stock futures rose slightly in early morning trading Tuesday following the S&P 500′s worst day since October, as investors remained on edge about surging oil prices and slowing economic growth amid Russia’s invasion of Ukraine.
***
RUPEE:
The Indian currency ended up Tuesday tracking a weak dollar index and positive domestic equities. Dealers also believe rupee might have also found support from the RBI’s sell/buy swap auction of $5 billion, which lead to tightening of rupee liquidity.
Rupee in spot market ended at Rs 76.90/$1 compared with Rs 76.93/$1 at open Tuesday and Rs 76.96/$1 at close on Monday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended up on Tuesday as some importers paid in forward taking advantage of spot pair easing below Rs 76.80, dealers said.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 4.14%, compared with 4.11% at the previous close.
***
GILTS:
Government bond prices ended down on Monday tracking the sharp rise in Brent crude oil prices, currently trading above $125 a barrel.
The 6.54%-2032 bond, the current 10-year benchmark bond, traded at Rs 97.5300 or 6.8877 versus opened at 98.0000 or 6.8204 on Monday versus Rs 98.0500, or 6.8132% yield, at close on Friday.
***
CRUDE OIL:
Brent crude oil futures traded at $127.31 a barrel at 4:15PM IST on Tuesday.
(End)
MUMBAI, Mar 8(TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended up on Tuesday as domestic indices reversed its trend and traded with gains led by export-oriented sectors like Pharma and IT which witnessed buying interest as the rupee fell to its record lows. Favorable exit poll results of state election and low-level buying seen in mid and small caps also helped in adding optimism in the domestic market. The 30-share Sensex closed 581.34 points or 1.10% higher at 53,424.09 on the BSE, while the 50-stock Nifty gained 150.30 points or 0.95% to close at 16,013.45 on the NSE.
***
EUROPEAN STOCKS:
European markets pulled back again on Tuesday as the prospect of a Western ban on Russian oil imports fuels concerns about inflation and a growth slowdown, CNBC reported on Tuesday.
US stock futures rose slightly in early morning trading Tuesday following the S&P 500′s worst day since October, as investors remained on edge about surging oil prices and slowing economic growth amid Russia’s invasion of Ukraine.
***
RUPEE:
The Indian currency ended up Tuesday tracking a weak dollar index and positive domestic equities. Dealers also believe rupee might have also found support from the RBI’s sell/buy swap auction of $5 billion, which lead to tightening of rupee liquidity.
Rupee in spot market ended at Rs 76.90/$1 compared with Rs 76.93/$1 at open Tuesday and Rs 76.96/$1 at close on Monday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended up on Tuesday as some importers paid in forward taking advantage of spot pair easing below Rs 76.80, dealers said.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 4.14%, compared with 4.11% at the previous close.
***
GILTS:
Government bond prices ended down on Monday tracking the sharp rise in Brent crude oil prices, currently trading above $125 a barrel.
The 6.54%-2032 bond, the current 10-year benchmark bond, traded at Rs 97.5300 or 6.8877 versus opened at 98.0000 or 6.8204 on Monday versus Rs 98.0500, or 6.8132% yield, at close on Friday.
***
CRUDE OIL:
Brent crude oil futures traded at $127.31 a barrel at 4:15PM IST on Tuesday.
(End)
TNS INDIA TODAY - What Markets Will Watch and Why - Mar 9
LOCAL EVENTS:
10:00 AM -- MSME Minister Narayan Rane, Minister of State for MSME Bhanu
Pratap Singh Verma at an event.
10:30 AM -- Ministry of Corporate Affairs Secretary Rajesh Verma,
Department of Economic Affairs Director Pawan Kumar, Axis Bank
MD and Chief Executive Amitabh Chaudhry at FICCI webinar on
financing India’s sustainable growth.
12:00 PM -- Association of Mutual Funds of India Chief Executive N.S.
Venkatesh holds conference call post release of February MF
industry data.
6:30 PM -- PM Narendra Modi at a webinar on government’s privatization,
disinvestment and asset monetization.
***
MINT ROAD:
10:30AM-11:30AM -– RBI to auction 3 T-Bills worth Rs 37,000 cr
***
US STOCKS:
Major US stock indices ended lower in rocky trading on Tuesday, as investors weighed fast-paced developments around the crisis in Ukraine as the United States banned Russian oil and other energy imports over the invasion.
At close, Dow Jones Industrial Average fell 0.56% to 32,632.64, the S&P 500 lost 0.72% to 4,170.7 and the Nasdaq Composite dropped 0.28%, to 12,795.55.
***
ASIAN STOCKS:
Asian-Pacific shares edged higher in Wednesday morning trade, recovering partially from losses earlier in the week as investors continue to assess the potential economic ramifications of the ongoing war in Ukraine. In Japan, the Nikkei 225 gained 1% while the Topix index advanced 1.15%.
The Nifty futures were trading down 72.00 points at 15,924.00 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
WEDNESDAY
5:00 AM -- Australia -- Westpac Consumer Confidence(Mar)
5:20 AM -- Japan -- Gross Domestic Product (Q4)
7:00 AM -- China -- Consumer Price Index (YoY)(Feb)
-- Producer Price Index (YoY)(Feb)
12:00 PM -- France -- Nonfarm Payrolls (QoQ)(Q4)
1:30 PM -- Australia -- RBA's Debelle speech
2:30 PM -- Italy -- Industrial Output w.d.a (YoY)(Jan)
5:30 PM -- US -- MBA Mortgage Applications(Mar 4)
8:30 PM -- US -- JOLTS Job Openings(Jan)
9:00 PM -- US -- EIA Crude Oil Stocks Change(Mar 4)
10:30 PM -- US -- USDA WASDE Report
(End)
LOCAL EVENTS:
10:00 AM -- MSME Minister Narayan Rane, Minister of State for MSME Bhanu
Pratap Singh Verma at an event.
10:30 AM -- Ministry of Corporate Affairs Secretary Rajesh Verma,
Department of Economic Affairs Director Pawan Kumar, Axis Bank
MD and Chief Executive Amitabh Chaudhry at FICCI webinar on
financing India’s sustainable growth.
12:00 PM -- Association of Mutual Funds of India Chief Executive N.S.
Venkatesh holds conference call post release of February MF
industry data.
6:30 PM -- PM Narendra Modi at a webinar on government’s privatization,
disinvestment and asset monetization.
***
MINT ROAD:
10:30AM-11:30AM -– RBI to auction 3 T-Bills worth Rs 37,000 cr
***
US STOCKS:
Major US stock indices ended lower in rocky trading on Tuesday, as investors weighed fast-paced developments around the crisis in Ukraine as the United States banned Russian oil and other energy imports over the invasion.
At close, Dow Jones Industrial Average fell 0.56% to 32,632.64, the S&P 500 lost 0.72% to 4,170.7 and the Nasdaq Composite dropped 0.28%, to 12,795.55.
***
ASIAN STOCKS:
Asian-Pacific shares edged higher in Wednesday morning trade, recovering partially from losses earlier in the week as investors continue to assess the potential economic ramifications of the ongoing war in Ukraine. In Japan, the Nikkei 225 gained 1% while the Topix index advanced 1.15%.
The Nifty futures were trading down 72.00 points at 15,924.00 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
WEDNESDAY
5:00 AM -- Australia -- Westpac Consumer Confidence(Mar)
5:20 AM -- Japan -- Gross Domestic Product (Q4)
7:00 AM -- China -- Consumer Price Index (YoY)(Feb)
-- Producer Price Index (YoY)(Feb)
12:00 PM -- France -- Nonfarm Payrolls (QoQ)(Q4)
1:30 PM -- Australia -- RBA's Debelle speech
2:30 PM -- Italy -- Industrial Output w.d.a (YoY)(Jan)
5:30 PM -- US -- MBA Mortgage Applications(Mar 4)
8:30 PM -- US -- JOLTS Job Openings(Jan)
9:00 PM -- US -- EIA Crude Oil Stocks Change(Mar 4)
10:30 PM -- US -- USDA WASDE Report
(End)
TNS INDIA FX: USD/INR futures, spot seen down tracking weak dlr, easing crude prices
By
MUMBAI, MAR 10 (TickerNews Service):
------------------------------------------------------------------------------
SPOT 1-YR FWD 1-YR FWD 1-MONTH FUTURES
PREMIUM ABSOLUTE
(%) (Rs)
Prev 76.5600-76.5700 4.14-4.17 3.08-3.10 76.8350-76.8375
NOTE: Spot trading time is 10-3:30PM, while futures 9-5PM till further notice.
------------------------------------------------------------------------------
8:40AM//USD/INR futures, spot seen down tracking weak dlr, easing crude prices
Dollar/rupee futures maturing on Mar 29, 2022 may open down on Thursday tracking weakness in dollar index ahead of US inflation data and easing in crude oil prices in international market.
“Improved risk appetite on Russia-Ukraine peace talks and weakness in dollar index might keep USD/INR down today,” said by a dealer with private bank.
Dollar/rupee futures maturing on Mar 29, 2022 may open around Rs 76.55
-76.60/$1 Thursday compared with Rs 76.83/$1 at close on Wednesday whereas spot may open likely around Rs 76.35-76.40/$1 on Thursday compared with Rs 76.56/$1 at close on Wednesday.
The planned diplomatic talks between Russia and Ukraine buoyed the investor’s sentiment, although analysts warned the rally could be susceptible to a sharp reversal as risks remain.
The US dollar index fell from highs hovering around 98.00 as investors await the US Consumer Price Index numbers from the Bureau of Labor Statistics and the Initial Jobless Claims from the Department of Labor. The volatile stance has been shifted to risk appetite and the dollar has been hammered by the market participants on Wednesday after improvement in risk appetite.
Dollar Index, which weighs greenback against the basket of six major currencies, traded at 98.12 during the early Asian trade Thursday versus 98.68 at the close of Indian Markets Wednesday.
Oil prices plunged on media reports that OPEC producers United Arab Emirates and Iraq said they would support increased production, potentially offsetting some of the supply disruptions caused by sanctions on Russian oil. Brent crude traded at $111.16 per barrel.
Trends on SGX Nifty indicates a positive opening for the index in India with Nifty futures trading at 16,652 up 305 points on the Singaporean Exchange around 08:15 AM IST.
Foreign institutional investors (FIIs) net sold shares worth Rs 4,818.71 Crore, while domestic institutional investors (DIIs) net bought shares worth Rs 3,275.94 crore in the Indian equity market on Mar 09, as per provisional data available on the NSE.
(End)
By
MUMBAI, MAR 10 (TickerNews Service):
------------------------------------------------------------------------------
SPOT 1-YR FWD 1-YR FWD 1-MONTH FUTURES
PREMIUM ABSOLUTE
(%) (Rs)
Prev 76.5600-76.5700 4.14-4.17 3.08-3.10 76.8350-76.8375
NOTE: Spot trading time is 10-3:30PM, while futures 9-5PM till further notice.
------------------------------------------------------------------------------
8:40AM//USD/INR futures, spot seen down tracking weak dlr, easing crude prices
Dollar/rupee futures maturing on Mar 29, 2022 may open down on Thursday tracking weakness in dollar index ahead of US inflation data and easing in crude oil prices in international market.
“Improved risk appetite on Russia-Ukraine peace talks and weakness in dollar index might keep USD/INR down today,” said by a dealer with private bank.
Dollar/rupee futures maturing on Mar 29, 2022 may open around Rs 76.55
-76.60/$1 Thursday compared with Rs 76.83/$1 at close on Wednesday whereas spot may open likely around Rs 76.35-76.40/$1 on Thursday compared with Rs 76.56/$1 at close on Wednesday.
The planned diplomatic talks between Russia and Ukraine buoyed the investor’s sentiment, although analysts warned the rally could be susceptible to a sharp reversal as risks remain.
The US dollar index fell from highs hovering around 98.00 as investors await the US Consumer Price Index numbers from the Bureau of Labor Statistics and the Initial Jobless Claims from the Department of Labor. The volatile stance has been shifted to risk appetite and the dollar has been hammered by the market participants on Wednesday after improvement in risk appetite.
Dollar Index, which weighs greenback against the basket of six major currencies, traded at 98.12 during the early Asian trade Thursday versus 98.68 at the close of Indian Markets Wednesday.
Oil prices plunged on media reports that OPEC producers United Arab Emirates and Iraq said they would support increased production, potentially offsetting some of the supply disruptions caused by sanctions on Russian oil. Brent crude traded at $111.16 per barrel.
Trends on SGX Nifty indicates a positive opening for the index in India with Nifty futures trading at 16,652 up 305 points on the Singaporean Exchange around 08:15 AM IST.
Foreign institutional investors (FIIs) net sold shares worth Rs 4,818.71 Crore, while domestic institutional investors (DIIs) net bought shares worth Rs 3,275.94 crore in the Indian equity market on Mar 09, as per provisional data available on the NSE.
(End)
TNS INDIA TODAY - What Markets Will Watch and Why - Mar 10
LOCAL EVENTS:
9:30 AM -– MoHUA will organise a national level ‘India Water Pitch-
Pilot-Scale Start-up conclave – Hardeep S. Puri to launch
10:15 AM -- National Youth Parliament Festival- 2022 Union Minister for
Youth Affairs and Sports Shri Anurag Thakur will address
finalists of the NYPF 2022.
11:00 AM -- Union Minister of Micro Small and Medium Enterprises, Narayan
Rane, to be the Chief Guest at the launch of MSME Innovative
Scheme & MSME Idea Hackathon-2022 and MoS, Bhanu Pratap Singh
Verma to be the Guest of Honour.
***
MINT ROAD:
--- No Major Events ---
***
US STOCKS:
US stocks surged on Wednesday, led by financial and tech shares, rebounding from several down days as oil prices pulled back sharply after fanning inflationary fears and investors gauged developments in the Ukraine crisis. The S&P 500 posted its biggest one-day percentage gain since June 2020, while the Nasdaq tallied its biggest rise since March 2021.
At close, Dow Jones Industrial Average rose 2% to 33,286.25, the S&P 500 gained 2.57% to 4,277.88 and the Nasdaq Composite added 3.59%, to 13,255.55.
***
ASIAN STOCKS:
Asia-Pacific shares rose in Thursday morning trade, following an overnight bounce on Wall Street after oil prices fell sharply from a recent surge. The Nikkei 225 in Japan jumped 3.34%, while the Topix index climbed 3.46%. The Hang Seng index in Hong Kong advanced 1.26%.
The Nifty futures were trading up 28.75 points at 16,628.00 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
THURSDAY
3:15 AM -- New Zealand -- Electronic Card Retail Sales (YoY)(Feb)
5:20 AM -- Japan -- Foreign Bond Investment(Mar 4)
-- Producer Price Index (YoY)(Feb)
5:30 AM -- Australia -- Consumer Inflation Expectations(Mar)
5:31 AM -- UK -- RICS Housing Price Balance(Feb)
6:15 PM -- EMU -- ECB Deposit Rate Decision
-- ECB Interest Rate Decision
-- ECB Monetary Policy Decision Statement
7:00 PM -- US -- Consumer Price Index (YoY)(Feb)
-- Consumer Price Index Core s.a(Feb)
-- Consumer Price Index ex Food & Energy
(YoY)(Feb)
-- Continuing Jobless Claims(Feb 25)
-- Initial Jobless Claims(Mar 4)
-- Initial Jobless Claims 4-week
average(Mar 4)
7:00 PM -- EMU -- ECB Press Conference
9:00 PM -- US -- EIA Natural Gas Storage Change(Mar 4)
(End)L
LOCAL EVENTS:
9:30 AM -– MoHUA will organise a national level ‘India Water Pitch-
Pilot-Scale Start-up conclave – Hardeep S. Puri to launch
10:15 AM -- National Youth Parliament Festival- 2022 Union Minister for
Youth Affairs and Sports Shri Anurag Thakur will address
finalists of the NYPF 2022.
11:00 AM -- Union Minister of Micro Small and Medium Enterprises, Narayan
Rane, to be the Chief Guest at the launch of MSME Innovative
Scheme & MSME Idea Hackathon-2022 and MoS, Bhanu Pratap Singh
Verma to be the Guest of Honour.
***
MINT ROAD:
--- No Major Events ---
***
US STOCKS:
US stocks surged on Wednesday, led by financial and tech shares, rebounding from several down days as oil prices pulled back sharply after fanning inflationary fears and investors gauged developments in the Ukraine crisis. The S&P 500 posted its biggest one-day percentage gain since June 2020, while the Nasdaq tallied its biggest rise since March 2021.
At close, Dow Jones Industrial Average rose 2% to 33,286.25, the S&P 500 gained 2.57% to 4,277.88 and the Nasdaq Composite added 3.59%, to 13,255.55.
***
ASIAN STOCKS:
Asia-Pacific shares rose in Thursday morning trade, following an overnight bounce on Wall Street after oil prices fell sharply from a recent surge. The Nikkei 225 in Japan jumped 3.34%, while the Topix index climbed 3.46%. The Hang Seng index in Hong Kong advanced 1.26%.
The Nifty futures were trading up 28.75 points at 16,628.00 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
THURSDAY
3:15 AM -- New Zealand -- Electronic Card Retail Sales (YoY)(Feb)
5:20 AM -- Japan -- Foreign Bond Investment(Mar 4)
-- Producer Price Index (YoY)(Feb)
5:30 AM -- Australia -- Consumer Inflation Expectations(Mar)
5:31 AM -- UK -- RICS Housing Price Balance(Feb)
6:15 PM -- EMU -- ECB Deposit Rate Decision
-- ECB Interest Rate Decision
-- ECB Monetary Policy Decision Statement
7:00 PM -- US -- Consumer Price Index (YoY)(Feb)
-- Consumer Price Index Core s.a(Feb)
-- Consumer Price Index ex Food & Energy
(YoY)(Feb)
-- Continuing Jobless Claims(Feb 25)
-- Initial Jobless Claims(Mar 4)
-- Initial Jobless Claims 4-week
average(Mar 4)
7:00 PM -- EMU -- ECB Press Conference
9:00 PM -- US -- EIA Natural Gas Storage Change(Mar 4)
(End)L
TNS MARKET ROUNDUP: Stocks, Rupee, Bonds up on buying by overseas investors
MUMBAI, Mar 10(TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended up on Thursday as domestic benchmark equity indices on Thursday surged for the third straight day as vote counting for the recently concluded elections in five states began and crude oil prices plunged on hopes of a positive outcome in Ukraine-Russia talks. The buying was largely broad-based, with metal only sector under pressure. The 30-share Sensex closed 817.06 points or 1.50% higher at 55,464.39 on the BSE, while the 50-stock Nifty gained 249.55 points or 1.53% to close at 16,594.90 on the NSE.
***
EUROPEAN STOCKS:
European stocks were lower on Thursday amid a volatile week, as investors monitor the war in Ukraine and fluctuations in commodity prices, CNBC reported on Thursday.
US stock futures were mildly lower in early morning trading Thursday after the major indexes posted sharp gains as commodity prices cooled.
***
RUPEE:
The Indian currency ended up tracking weak greenback ahead of US CPI data along with lower oil prices and inflows into local stocks.
Rupee in spot pair ended at Rs 76.30/$1 Thursday compared to previous close of Rs 76.56/$1 on Wednesday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended lower on Thursday as some exporters hedged their future receivables on fear as spot pair may fall below Rs 76/$1.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 4.10% on Thursday versus 4.14% at close on Wednesday.
***
GILTS:
Government bond prices ended up Thursday tracking the sharp fall in Brent crude oil prices, currently trading around $115 a barrel.
The 6.54%-2032 bond ended at Rs 98.0775 or 6.8095% yield compared with Rs 98.3200 or 6.7749% yield at open on Thursday and Rs 97.8300 or 6.8448 yield at close on Wednesday.
***
CRUDE OIL:
Brent crude oil futures traded at $117.17 a barrel at 4:20 PM IST on Thursday.
(End)
MUMBAI, Mar 10(TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended up on Thursday as domestic benchmark equity indices on Thursday surged for the third straight day as vote counting for the recently concluded elections in five states began and crude oil prices plunged on hopes of a positive outcome in Ukraine-Russia talks. The buying was largely broad-based, with metal only sector under pressure. The 30-share Sensex closed 817.06 points or 1.50% higher at 55,464.39 on the BSE, while the 50-stock Nifty gained 249.55 points or 1.53% to close at 16,594.90 on the NSE.
***
EUROPEAN STOCKS:
European stocks were lower on Thursday amid a volatile week, as investors monitor the war in Ukraine and fluctuations in commodity prices, CNBC reported on Thursday.
US stock futures were mildly lower in early morning trading Thursday after the major indexes posted sharp gains as commodity prices cooled.
***
RUPEE:
The Indian currency ended up tracking weak greenback ahead of US CPI data along with lower oil prices and inflows into local stocks.
Rupee in spot pair ended at Rs 76.30/$1 Thursday compared to previous close of Rs 76.56/$1 on Wednesday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended lower on Thursday as some exporters hedged their future receivables on fear as spot pair may fall below Rs 76/$1.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 4.10% on Thursday versus 4.14% at close on Wednesday.
***
GILTS:
Government bond prices ended up Thursday tracking the sharp fall in Brent crude oil prices, currently trading around $115 a barrel.
The 6.54%-2032 bond ended at Rs 98.0775 or 6.8095% yield compared with Rs 98.3200 or 6.7749% yield at open on Thursday and Rs 97.8300 or 6.8448 yield at close on Wednesday.
***
CRUDE OIL:
Brent crude oil futures traded at $117.17 a barrel at 4:20 PM IST on Thursday.
(End)
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Anonymous Quiz
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TNS MARKET ROUNDUP: Peace talks between Ukraine and Russia lift Stocks, Rupee, Bonds
MUMBAI, Mar 14(TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended up on Monday tracking a rise in Asian markets amid progress in Russian-Ukraine peace talks. The decline in crude from the recent high of $140 to below $110 and declining trends in most metal prices indicate that the feared high inflation may not materialize, which boosted investor mood. Meanwhile, globally, all eyes will be on the outcome of Federal Reserve's policy meet scheduled for later this week.The 30-share Sensex closed 935.72 points or 1.68% higher at 56,486.02 on the BSE, while the 50-stock Nifty gained 240.85 points or 1.45% to close at 16,871.30 on the NSE.
***
EUROPEAN STOCKS:
European stocks moved higher on Monday ahead of further talks between Russian and Ukrainian negotiators, CNBC reported on Monday.
US stock futures rose in early morning trading Monday ahead of an important week as the Russia-Ukraine war continues to escalate and the Federal Reserve could hike rates for the first time since 2018.
***
RUPEE:
The Indian currency ended up Monday on improved risk sentiments after Russian and Ukrainian entered into negotiators that is in inching towards peace talks, pushing local stocks higher.
Rupee ended in spot market ended at Rs 76.56/$1 Tuesday compared to previous close of Rs 76.59/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended lower on Monday as some exporters hedged their future receivables on fear of further appreciation in rupee after it fell below Rs 76.55/$1 during early trades.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 3.98% on Monday versus 4.09% at close on Friday.
***
GILTS:
Government bond prices ended up on Monday on talk market participants are expecting February CPI data to come below 6% amid easing Brent crude oil prices, currently trading below $109 a barrel.
The 6.54%-2032 bond ended at Rs 97.7700 or 6.8536% yield compared with Rs 97.7025 or 6.8633% yield at open on Monday and Rs 97.7575 or 6.8554% yield at close on Friday.
***
CRUDE OIL:
Brent crude oil futures traded at $107.87 a barrel at 4:15PM IST on Monday.
(End)
MUMBAI, Mar 14(TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended up on Monday tracking a rise in Asian markets amid progress in Russian-Ukraine peace talks. The decline in crude from the recent high of $140 to below $110 and declining trends in most metal prices indicate that the feared high inflation may not materialize, which boosted investor mood. Meanwhile, globally, all eyes will be on the outcome of Federal Reserve's policy meet scheduled for later this week.The 30-share Sensex closed 935.72 points or 1.68% higher at 56,486.02 on the BSE, while the 50-stock Nifty gained 240.85 points or 1.45% to close at 16,871.30 on the NSE.
***
EUROPEAN STOCKS:
European stocks moved higher on Monday ahead of further talks between Russian and Ukrainian negotiators, CNBC reported on Monday.
US stock futures rose in early morning trading Monday ahead of an important week as the Russia-Ukraine war continues to escalate and the Federal Reserve could hike rates for the first time since 2018.
***
RUPEE:
The Indian currency ended up Monday on improved risk sentiments after Russian and Ukrainian entered into negotiators that is in inching towards peace talks, pushing local stocks higher.
Rupee ended in spot market ended at Rs 76.56/$1 Tuesday compared to previous close of Rs 76.59/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended lower on Monday as some exporters hedged their future receivables on fear of further appreciation in rupee after it fell below Rs 76.55/$1 during early trades.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 3.98% on Monday versus 4.09% at close on Friday.
***
GILTS:
Government bond prices ended up on Monday on talk market participants are expecting February CPI data to come below 6% amid easing Brent crude oil prices, currently trading below $109 a barrel.
The 6.54%-2032 bond ended at Rs 97.7700 or 6.8536% yield compared with Rs 97.7025 or 6.8633% yield at open on Monday and Rs 97.7575 or 6.8554% yield at close on Friday.
***
CRUDE OIL:
Brent crude oil futures traded at $107.87 a barrel at 4:15PM IST on Monday.
(End)
TNS INDIA TODAY - What Markets Will Watch and Why - Mar 15
LOCAL EVENTS:
10:30 AM -- DPIIT Special Secretary (Logistics) Amir Lal Meena at PHD
Chamber of Commerce webinar.
11:30 AM -- Consumer Affairs Minister Piyush Goyal at an event on world
consumer rights day.
-- RBI Board Member Sachin Chaturvedi at FIDC webinar on NBFCs.
***
MINT ROAD:
10:30AM-11:30AM -– RBI to auction 8 SDL worth Rs 13,639 cr
***
US STOCKS:
Major US stock indexes closed mostly lower on Monday, led by a more than 2% drop in Nasdaq, as investors sold tech and big growth names ahead of this week's Federal Reserve meeting and an expected hike in interest rates.
At close, Dow Jones Industrial Average rose 1.05 points to 32,945.24, the S&P 500 lost 31.2 points to 4,173.11 and the Nasdaq Composite dropped 262.59 points, to 12,581.22.
***
ASIAN STOCKS:
Asia-Pacific stocks were in the red on Tuesday as surging COVID-19 cases in China hit the confidence of investors who are already worried about the Ukraine war and the first US interest rate rise in three years, which could come this week. MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.91 percent, led by Chinese stocks. Hong Kong's Hang Seng Index remains mired in negative territory, dropping 3.8 percent early on Tuesday.
The Nifty futures were trading down 70.00 points at 16,839.00 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
TUESDAY
3:00 AM -- New Zealand -- Business NZ PSI(Feb)
6:00 AM -- Australia -- House Price Index (YoY)(Q4)
-- RBA Meeting Minutes
7:30 AM -- China -- Industrial Production (YoY)(Feb)
-- Retail Sales (YoY)(Feb)
12:30 PM -- UK -- Average Earnings Excluding Bonus
(3Mo/Yr)(Jan)
-- Average Earnings Including Bonus
(3Mo/Yr)(Jan)
-- Claimant Count Change(Feb)
-- Claimant Count Rate(Feb)
-- ILO Unemployment Rate (3M)(Jan)
12:30 PM -- EMU -- EcoFin Meeting
1:15 PM -- France -- Consumer Price Index (EU norm)
(YoY)(Feb)
3:30 PM -- EMU -- Industrial Production w.d.a. (YoY)(Jan)
-- ZEW Survey – Economic Sentiment(Mar)
3:30 PM -- Germany -- ZEW Survey – Current Situation(Mar)
-- ZEW Survey – Economic Sentiment(Mar)
6:00 PM -- US -- NY Empire State Manufacturing
Index(Mar)
-- Producer Price Index (YoY)(Feb)
6:25 PM -- US -- Redbook Index (YoY)(Mar 11)
8:45 PM -- EMU -- ECB’s President Lagarde speech
(End)
LOCAL EVENTS:
10:30 AM -- DPIIT Special Secretary (Logistics) Amir Lal Meena at PHD
Chamber of Commerce webinar.
11:30 AM -- Consumer Affairs Minister Piyush Goyal at an event on world
consumer rights day.
-- RBI Board Member Sachin Chaturvedi at FIDC webinar on NBFCs.
***
MINT ROAD:
10:30AM-11:30AM -– RBI to auction 8 SDL worth Rs 13,639 cr
***
US STOCKS:
Major US stock indexes closed mostly lower on Monday, led by a more than 2% drop in Nasdaq, as investors sold tech and big growth names ahead of this week's Federal Reserve meeting and an expected hike in interest rates.
At close, Dow Jones Industrial Average rose 1.05 points to 32,945.24, the S&P 500 lost 31.2 points to 4,173.11 and the Nasdaq Composite dropped 262.59 points, to 12,581.22.
***
ASIAN STOCKS:
Asia-Pacific stocks were in the red on Tuesday as surging COVID-19 cases in China hit the confidence of investors who are already worried about the Ukraine war and the first US interest rate rise in three years, which could come this week. MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.91 percent, led by Chinese stocks. Hong Kong's Hang Seng Index remains mired in negative territory, dropping 3.8 percent early on Tuesday.
The Nifty futures were trading down 70.00 points at 16,839.00 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
TUESDAY
3:00 AM -- New Zealand -- Business NZ PSI(Feb)
6:00 AM -- Australia -- House Price Index (YoY)(Q4)
-- RBA Meeting Minutes
7:30 AM -- China -- Industrial Production (YoY)(Feb)
-- Retail Sales (YoY)(Feb)
12:30 PM -- UK -- Average Earnings Excluding Bonus
(3Mo/Yr)(Jan)
-- Average Earnings Including Bonus
(3Mo/Yr)(Jan)
-- Claimant Count Change(Feb)
-- Claimant Count Rate(Feb)
-- ILO Unemployment Rate (3M)(Jan)
12:30 PM -- EMU -- EcoFin Meeting
1:15 PM -- France -- Consumer Price Index (EU norm)
(YoY)(Feb)
3:30 PM -- EMU -- Industrial Production w.d.a. (YoY)(Jan)
-- ZEW Survey – Economic Sentiment(Mar)
3:30 PM -- Germany -- ZEW Survey – Current Situation(Mar)
-- ZEW Survey – Economic Sentiment(Mar)
6:00 PM -- US -- NY Empire State Manufacturing
Index(Mar)
-- Producer Price Index (YoY)(Feb)
6:25 PM -- US -- Redbook Index (YoY)(Mar 11)
8:45 PM -- EMU -- ECB’s President Lagarde speech
(End)
CORRECT/TNS MARKET ROUNDUP: Stocks, rupee down on outflows before FOMC; Bonds up
(Corrects to state ‘Indian stock indices, Nifty and Sensex ended down and not up as stated earlier’)
MUMBAI, Mar 15(TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended down on Tuesday as new financial and trade sanctions were imposed on Russia along with the suspension of gas imports. It is a setback for the market sentiment, which was improving in anticipation of a truce in war. Further, with FOMC just days away foreign investors are pulling out of riskier emerging markets like India in anticipation of an aggressive Fed at policy. The 30-share Sensex closed 709.17 points or 1.26% lower at 55,776.85 on the BSE, while the 50-stock Nifty lost 208.30 points or 1.23% to close at 16,663.00 on the NSE.
***
EUROPEAN STOCKS:
European stocks pulled back on Tuesday as global market sentiment was hit by Russia’s ongoing invasion of Ukraine, CNBC reported on Tuesday.
U.S. stock futures retreated early on Tuesday morning as investors continue to monitor developments in the Russia-Ukraine conflict and prepare for a key Federal Reserve policy decision.
***
RUPEE:
The Indian currency ended down Tuesday on likely foreign funds outflow from local stocks coupled with dollar demand from oil importers.
Rupee in spot market ended at Rs 76.60/$1 compared with Rs 76.67/$1 at open Tuesday and Rs 76.56/$1 at close on Monday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended down on Tuesday as some exporters and banks covered their open dollar position on fear of further appreciation in rupee after it fell to Rs 76.31/$1 during early trades on hope of ceasefire between Russia and Ukraine, dealers said.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 3.92%, compared with 3.98% at the previous close.
***
GILTS:
Government bond prices end up on Tuesday tracking the sharp fall in Brent crude oil prices, currently trading near $100 a barrel.
The 6.54%-2032 bond ended at Rs 98.0000 or 6.8207% yield compared with Rs 97.7800 or 6.8522% yield at open on Tuesday and Rs 97.7700 or 6.8536% yield at close on Monday.
***
CRUDE OIL:
Brent crude oil futures traded at $100.68 a barrel at 4:15PM IST on Tuesday.
(End)
(Corrects to state ‘Indian stock indices, Nifty and Sensex ended down and not up as stated earlier’)
MUMBAI, Mar 15(TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended down on Tuesday as new financial and trade sanctions were imposed on Russia along with the suspension of gas imports. It is a setback for the market sentiment, which was improving in anticipation of a truce in war. Further, with FOMC just days away foreign investors are pulling out of riskier emerging markets like India in anticipation of an aggressive Fed at policy. The 30-share Sensex closed 709.17 points or 1.26% lower at 55,776.85 on the BSE, while the 50-stock Nifty lost 208.30 points or 1.23% to close at 16,663.00 on the NSE.
***
EUROPEAN STOCKS:
European stocks pulled back on Tuesday as global market sentiment was hit by Russia’s ongoing invasion of Ukraine, CNBC reported on Tuesday.
U.S. stock futures retreated early on Tuesday morning as investors continue to monitor developments in the Russia-Ukraine conflict and prepare for a key Federal Reserve policy decision.
***
RUPEE:
The Indian currency ended down Tuesday on likely foreign funds outflow from local stocks coupled with dollar demand from oil importers.
Rupee in spot market ended at Rs 76.60/$1 compared with Rs 76.67/$1 at open Tuesday and Rs 76.56/$1 at close on Monday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended down on Tuesday as some exporters and banks covered their open dollar position on fear of further appreciation in rupee after it fell to Rs 76.31/$1 during early trades on hope of ceasefire between Russia and Ukraine, dealers said.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 3.92%, compared with 3.98% at the previous close.
***
GILTS:
Government bond prices end up on Tuesday tracking the sharp fall in Brent crude oil prices, currently trading near $100 a barrel.
The 6.54%-2032 bond ended at Rs 98.0000 or 6.8207% yield compared with Rs 97.7800 or 6.8522% yield at open on Tuesday and Rs 97.7700 or 6.8536% yield at close on Monday.
***
CRUDE OIL:
Brent crude oil futures traded at $100.68 a barrel at 4:15PM IST on Tuesday.
(End)