TNS INDIA TODAY - What Markets Will Watch and Why - Mar 16

LOCAL EVENTS:
10:00 AM -- Chief Economic Adviser V. Anantha Nageswaran, Niti Aayog Vice
Chairman Rajiv and other officials at Development
Monitoring and Evaluation Office webinar.
-- Civil Aviation Minister Jyotiraditya Scindia, Minister of
State for Civil Aviation V. K. Singh, Aviation Ministry
Secretary Rajiv Bansal, Joint Secretary Usha Padhee at an
event in New Delhi.
10:30 AM -- Tata Steel MD and Chief Executive and Confederation of Indian
Industry President T.V. Narendran at CII webinar in Chennai.
11:30 AM -- S&P Global Ratings webinar on outlook Asia-Pacific banks in
2022.
2:00 PM -- Road Transport Minister Nitin Gadkari to inaugurate a pilot
project for hydrogen-based advanced fuel cell electric
vehicle in New Delhi.
3:00 PM -- Niti Aayog Vice Chairman Rajiv Kumar at CSTEP webinar on
India's roadmap for building the Green Hydrogen economy.
***
MINT ROAD:
10:30AM-11:30AM -– RBI to auction 3 T-Bills worth Rs 37,000 cr
***
US STOCKS:
U.S. stocks rallied on Tuesday and the S&P 500 ended a 3-day skid as another drop in oil prices and a softer-than-expected reading on producer prices helped ease inflation fears among investors, with the focus turning to the Federal Reserve's upcoming policy announcement.
At close, Dow Jones Industrial Average rose 1.82% to 33,544.34, the S&P 500 gained 2.14% to 4,262.45 and the Nasdaq Composite added 2.92%, to 12,948.62.
***
ASIAN STOCKS:
Asian-Pacific shares rose in Wednesday trade, as investors watch for developments around the Covid situation in China as well as the upcoming rate decision by the US Federal Reserve. In Japan, the Nikkei 225 climbed 1.36% while the Topix index gained 1.4%. South Korea’s Kospi advanced 0.68%.
The Nifty futures were trading up 248.20 points at 16,896.80 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:

WEDNESDAY
1:30 AM -- US -- Net Long-Term TIC Flows(Jan)
-- Total Net TIC Flows(Jan)
2:00 AM -- US -- API Weekly Crude Oil Stock(Mar 11)
3:15 AM -- New Zealand -- Current Account - GDP Ratio(Q4)
5:00 AM -- Australia -- Westpac Leading Index (MoM)(Feb)
5:20 AM -- Japan -- Adjusted Merchandise Trade Balance(Feb)
-- Merchandise Trade Balance Total(Feb)
7:00 AM -- China -- House Price Index (Feb)
10:00 AM -- Japan -- Capacity Utilization(Jan)
-- Industrial Production (YoY)(Jan)
1:30 PM -- Italy -- Consumer Price Index (EU Norm)
(YoY)(Feb)
-- Consumer Price Index (YoY)(Feb)
3:00 PM -- EMU -- ECB’s Elderson speech
4:30 PM -- US -- MBA Mortgage Applications(Mar 11)
6:00 PM -- US -- Export Price Index (YoY)(Feb)
-- Import Price Index (YoY)(Feb)
-- Retail Sales (MoM)(Feb)
-- Retail Sales Control Group(Feb)
7:30 PM -- US -- Business Inventories(Jan)
-- NAHB Housing Market Index(Mar)
9:00 PM -- US -- EIA Crude Oil Stocks Change(Mar 11)
11:30 PM -- US -- Fed Interest Rate Decision
-- Fed's Monetary Policy Statement
-- FOMC Economic Projections

(End)

TNS MARKET ROUNDUP: Stocks, Rupee on inflows; Bonds up on short-covering; FOMC eyed

MUMBAI, Mar 16(TickerNews Service):

STOCKS:
The Indian stock indices, Nifty and Sensex ended up on Wednesday after taking positive cues from Wall Street. Sentiments were further supported by the cool-off in the oil prices, and the progress on the peace talk between Russia and Ukraine. The 30-share Sensex closed 1039.80 points or 1.86% higher at 56,816.65 on the BSE, while the 50-stock Nifty lost 312.35 points or 1.87% to close at 16,975.35 on the NSE.
***
EUROPEAN STOCKS:
European stocks were trading higher on Wednesday as global markets await the latest monetary policy figures and economic forecasts from the U.S. Federal Reserve, CNBC reported on Wednesday.
U.S. stock futures rose Wednesday as traders tried to build on the sharp gains from the previous session, while Wall Street awaited the Federal Reserve’s latest monetary policy decision.
***
RUPEE:
The Indian currency ended up on FII inflows into local stocks and weak dollar on hope of a deal been stuck between Russia and Ukraine even as investors await the FOMC outcome due later today.
Rupee in spot market ended at Rs 76.26/$1 Wednesday compared to previous close of Rs 76.60/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended flat as both exporters and importers preferred to remain on the sideline before the FOMC outcome, even as few banks hedged their future payables taking advantage of the appreciation in rupee, dealers said.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 3.92% on Wednesday versus 3.92% at close on Tuesday.
***
GILTS:
Government bond prices ended up amid thinly trade Wednesday on short covering ahead of the release of Fed policy statement later today.
The 6.54%-2032 bond ended at Rs 97.9900 or 6.8222% yield compared with Rs 98.0000 or 6.8208% yield at open on Wednesday and Rs 98.0000 or 6.8207% yield at close on Tuesday.
***
CRUDE OIL:
Brent crude oil futures traded at $99.26 a barrel at 4:20PM IST on Wednesday.

(End)

TNS MARKET ROUNDUP: Stocks, Rupee end up as Fed chief says "US econ is very strong"; Bonds up

MUMBAI, Mar 17 (TickerNews Service):

STOCKS:
The Indian stock indices, Nifty and Sensex logged the best week in over a year since February 2021, aided by gains in banking, auto and realty stocks. The rate hike in the US and the certainty about Fed policy including chief statement that American economy is very strong provided the markets with a clear route map on the likely trajectory of markets overseas. Apart from this, the progress of negotiations between Russia and Ukraine also instilled confidence in the markets that the war could come to an end at an early date. Oil responded to this positive news by falling towards $100 a barrel. The 30-share BSE Sensex jumped 1,047 points or 1.84% to close at 57,864, while the broader NSE Nifty moved 312 points or 1.84% higher to settle at 17,287 on the NSE.
***
EUROPEAN STOCKS:
European stocks were little changed on Thursday as investors reacted to the US Federal Reserve's first rate hike in years. The pan-European Stoxx 600 hovered fractionally above the flatline by mid-morning, with oil and gas stocks adding 1.1 per cent while banks shed 1 per cent, Business Standard reported.
On Wall Street, US stock futures were generally quiet early Thursday morning with futures tied to the Dow Jones Industrial Average dropping 65 points, or 0.2 per cent. Those for the S&P 500 and Nasdaq-100 shed up to 0.3 per cent.
In Asia, however, relief rally took Japan's Nikkei 3.5 per cent higher; South Korea's Kospi by 1.3 per cent; and Hong Kong’s Hang Seng by 7 per cent.
***
RUPEE:
The local currency ended down on Thursday due to FII inflows into local stocks supported by weak dollar index amid positive global risk sentiments. Further, the softening of oil and progress in talks between Russia and Ukraine too supported the demand for riskier currencies like the rupee.
Rupee in spot market ended at Rs 75.79/$1 Thursday compared to previous close of Rs 76.26/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended lower on Thursday as exporters sold their dollar holding ahead of year-end amid fears rupee would appreciate further in the coming days.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 3.88% on Thursday versus 3.92% at close on Wednesday.
***
GILTS:
Government bond prices ended up Thursday on short covering by investors after the US Fed delivered inline with expected policy action, while uptick in oil prices capped the gains, dealers said.
Bond prices were also supported by lack of fresh supply and likely buying for year-end valuation.
The 6.54%-2032 bond ended at Rs 98.3000 or 6.7781% compared with Rs 98.2300 or 6.7881% yield at open on Thursday and Rs 98.2300 or 6.7879% yield at close on Wednesday.
***
CRUDE OIL:
Brent crude oil futures traded at $102.88 a barrel at 4:30PM IST on Thursday.

(End)

TNS INDIA TODAY - What Markets Will Watch and Why - Mar 21


LOCAL EVENTS:
4:30 PM -- RBI Governor Shaktikanta Das interacts with Confederation of
Indian Industries.
***
MINT ROAD:
---- NO MAJOR EVENTS ----
***
US STOCKS:
Wall Street's three major indexes closed higher on Friday, with the biggest boost from recently battered technology stocks, after talks between U.S. President Joe Biden and Chinese President Xi Jinping over the Ukraine crisis ended without big surprises.
At close, Dow Jones Industrial Average rose 0.8% to 34,754.93, the S&P 500 gained 1.17% to 4,463.12 and the Nasdaq Composite added 2.05%, to 13,893.84.
***
ASIAN STOCKS:
Asian share markets started the week in a cautious mood on Monday as investors clung to hopes for an eventual peace deal in Ukraine, but the fighting raged on with no sign of stopping. Japan's Nikkei was shut, but futures traded around 300 points above the cash close. Most share markets rallied last week in anticipation of an eventual peace deal on Ukraine, but it could take actual progress to justify further gains.
The Nifty futures were trading up 58.95 points at 17,384.00 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
MONDAY, MAR 21
3:15 AM -- New Zealand -- Trade Balance NZD (YoY)(Feb)
5:31 AM -- UK -- Rightmove House Price Index (YoY)(Mar)
6:45 AM -- China -- PBoC Interest Rate Decision
7:30 AM -- New Zealand -- Credit Card Spending (YoY)(Feb)
12:30 PM -- Germany -- Producer Price Index (YoY)(Feb)
1:00 PM –- EMU -- ECB’s President Lagarde speech
4:30 PM -- Germany -- German Buba Monthly Report
6:00 PM -- US -- Chicago Fed National Activity Index
(Feb)
9:30 PM –- US -- Fed’s Chair Powell speech

(End)

TNS MARKET ROUNDUP: Stocks, Rupee, Bonds end down on geopolitical tension

MUMBAI, Mar 21(TickerNews Service):

STOCKS:
The Indian stock indices, Nifty and Sensex ended down Monday taking a breather following the strong rally over the past few sessions. The lack of any concrete improvement between Russia and Ukraine and uncertainty in gulf region kept a lid on riskier assets. Investors were also anxious over Russian interest repayments due this week. The 30-share Sensex closed 571.44 points or 0.99% lower at 57,292.49 on the BSE, while the 50-stock Nifty lost 169.45 points or 0.98% to close at 17,117.60 on the NSE.
***
EUROPEAN STOCKS:
European stocks were little changed on Monday as pressure from the Russia-Ukraine war continues to weigh on global sentiment, CNBC reported on Monday.
U.S. stock futures were lower in early morning trading Monday after the S&P 500′s best week since 2020.
***
RUPEE:
The Indian currency ended down Monday tracking a firm dollar, weak local stocks and rebound in crude oil price. However, there was also some MSCI related inflows limiting the depreciation of the rupee.
Rupee in spot market ended at Rs 76.11/$1 compared with Rs 76.08/$1 at open Monday and Rs 76.03/$1 at close on Friday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended tad up on Monday as some importers and banks paid in forward on fear spot pair may spike to Rs 76.20/$1, dealers said.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 3.89%, compared with 3.88% at the previous close.
***
GILTS:
Government bond prices ended down on Monday tracking the sharp rise in Brent crude oil prices and US Treasury yields.
The 6.54%-2032 bond ended at Rs 98.2800 or 6.7810% yield compared with Rs 98.0100 or 6.8196% yield at open on Monday and Rs 98.3000 or 6.7781% yield at close on Thursday.
***
CRUDE OIL:
Brent crude oil futures traded at $111.96 a barrel at 4:20PM IST on Monday.

(End)

TNS INDIA TODAY - What Markets Will Watch and Why - Mar 22

LOCAL EVENTS:
10:45 AM -- The Minister of State for Jal Shakti, Prahlad Singh Patel to
be the Chief Guest at an event organized by National Mission
for Clean Ganga on the occasion of ‘World Water Day - 2022’
on the theme “Young Minds: Pledging River Rejuvenation”
3:45 PM -– Curtain Raiser event and Website launch for Two-Day National
Conference on “The National Calendar of India”, on the
occasion of adoption of the National Calendar of India, Union
Minister of State for Culture Arjun Meghwal will be present
for the event.
***
MINT ROAD:
10:30AM-11:00AM -- RBI to auction 28-day reverse repo worth Rs 50000
cr
10:30AM-11:30AM -- RBI to auction 9 SDL worth Rs 23480 cr
12:30PM-01:00PM -- RBI to auction 3-day reverse repo worth Rs 1 lakh cr
***
US STOCKS:
US stocks declined broadly while oil prices and Treasury yields pushed higher on Monday as investors refocused on risks from conflict in Ukraine and the US Federal Reserve's actions on inflation.
At close, Dow Jones Industrial Average fell 0.58% to 34,552.99, the S&P 500 lost 0.04% to 4,461.18 and the Nasdaq Composite dropped 0.4%, to 13,838.46.
***
ASIAN STOCKS:
Asia-Pacific shares rose in Tuesday morning trade, though shares of China Eastern Airlines in Hong Kong fell after the carrier’s Boeing 737 passenger jet crashed in southern China on Monday. Nikkei 225 jumped 1.56% while the Topix index climbed 1.31%. Shanghai composite sat fractionally higher while the Shenzhen component dipped 0.449%. South Korea’s Kospi advanced 0.7%.
The Nifty futures were trading up 50.15 points at 17,218.00 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
TUESDAY
1:30 AM -- New Zealand -- Westpac Consumer Survey(Q1)
6:30 AM -- Australia -- RBA's Governor Lowe speech
12:30 PM -- UK -- Public Sector Net Borrowing(Feb)
12:50 PM –- EMU -- ECB’s De Guindos speech
2:30 PM -- EMU -- Current Account s.a(Jan)
3:30 PM -- EMU -- Construction Output w.d.a (YoY)(Jan)
6:25 PM -- US -- Redbook Index (YoY)(Mar 18)
6:40 PM –- EMU -- ECB’s Panetta speech
6:45 PM -– EMU -- ECB’s President Lagarde speech
7:30 PM -- US -- Richmond Fed Manufacturing Index(Mar)
8:00 PM –- US -- Fed’s Williams speech
8:45 PM –- UK -- BoE’s Cunliffe speech
11:30 PM –- EMU -- ECB’s Lane speech

(End)

TNS MARKET ROUNDUP: Stocks end up, while Rupee falls on strong dlr; Bonds down

MUMBAI, Mar 22(TickerNews Service):

STOCKS:
The Indian stock indices, Nifty and Sensex ended up on Tuesday as the domestic market started with a negative bias taking cues from rising crude prices and hawkish signals from Fed on aggressive policy tightening. However, the trend reversed as European markets opened on a positive note buoyed by hope that Ukraine may consider working towards a truce. The 30-share Sensex closed 696.81 points or 1.22% higher at 57,989.30 on the BSE, while the 50-stock Nifty gained 197.90 points or 1.16% to close at 17,315.50 on the NSE.
***
EUROPEAN STOCKS:
European stocks were mixed on Tuesday as investors continued to monitor the war in Ukraine and economic developments in the United States,CNBC reported on Tuesday.
U.S. stock futures rose Tuesday, as Wall Street looked to rebound from a down session, while traders weighed Federal Reserve Chair Jerome Powell saying the central bank is open to higher rate hikes to combat rising inflation.
***
RUPEE:
The Indian currency ended down Tuesday tracking strong greenback in overseas market and oil importers dollar demand.
Rupee in spot market ended at Rs 76.17/$1 compared with Rs 76.42/$1 at open Tuesday and Rs 76.11/$1 at close on Monday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended down Tuesday as some banks and exporters covered their open dollar position taking advantage of spike in spot pair, dealers said.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 3.83%, compared with 3.89% at the previous close.
***
GILTS:
Government bond prices ended down on Tuesday on selling by overseas investors tracking the rise in US Treasury yields and Brent trading over $110 a barrel.
The 6.54%-2032 bond ended at Rs 97.9300 or 6.8311% yield compared with Rs 97.9800 or 6.8239% yield at open on Tuesday and Rs 98.2800 or 6.7810 yield at close on Monday.
***
CRUDE OIL:
Brent crude oil futures traded at $115.35 a barrel at 4:40PM IST on Tuesday.

(End)

TNS INDIA TODAY - What Markets Will Watch and Why - Mar 23

LOCAL EVENTS:
10:00 AM -- Kotak Mahindra Bank MD and Chief Executive Uday Kotak at
Confederation of Indian Industry webinar on corporate
governance.
4:00 PM -- Commerce Minister Piyush Goyal at a press briefing in New
Delhi.
4:45 PM -- Jindal Steel & Power Chairman Naveen Jindal at PHD Chamber of
Commerce event in New Delhi.
***
MINT ROAD:
10:30AM-11:30AM -– RBI to auction 3 T-Bills worth Rs 37,000 cr
***
US STOCKS:
Treasury yields marched higher on Tuesday, bringing US stocks with them, as investors digested the increased likelihood of swift interest rate hikes following hawkish comments from the US Federal Reserve. The Nasdaq led Wall Street's main indexes higher, rising nearly 2%, as investors bought the dip in technology stocks, including Apple Inc, Microsoft Corp, Amazon.com Inc, Meta Platforms Inc and Alphabet Inc.
At close, Dow Jones Industrial Average rose 0.74% to 34,807.86, the S&P 500 gained 1.13% to 4,511.81.
***
ASIAN STOCKS:
Shares in Japan led gains in Asia-Pacific during Wednesday morning trade, as investors monitored oil prices and continued to assess the outlook for U.S. Federal Reserve monetary policy. The Nikkei 225 rose 2.59% as shares of SoftBank Group jumped 8.03%. The Topix index advanced 1.98%.
The Nifty futures were trading up 74.85 points at 17,455.80 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:

WEDNESDAY
2:00 AM -- US -- API Weekly Crude Oil Stock(Mar 18)
2:30 AM -- US -- Fed’s Mester speech
10:30 AM -- Singapore -- Consumer Price Index (YoY)(Feb)
10:30 AM -- Japan -- Coincident Index(Jan)
-- Leading Economic Index(Jan)
12:30 PM -- UK -- Consumer Price Index (YoY)(Feb)
-- Core Consumer Price Index (YoY)(Feb)
-- PPI Core Output (YoY) n.s.a (Feb)
-- Producer Price Index - Input (YoY)
n.s.a(Feb)
-- Producer Price Index - Output (YoY)
n.s.a(Feb)
-- Retail Price Index (YoY)(Feb)
1:30 PM -- EMU -- Non-Monetary Policy ECB Meeting
3:00 PM -- UK -- DCLG House Price Index (YoY)(Jan)
4:30 PM -- US -- MBA Mortgage Applications(Mar 18)
5:30 PM -- US -- Fed's Chair Powell speech
7:30 PM -- US -- New Home Sales (MoM)(Feb)
8:00 PM -- US -- EIA Crude Oil Stocks Change(Mar 18)
8:30 PM -- EMU -- Consumer Confidence(Mar) PREL
9:15 PM -- US -- Fed’s Daly speech

(End)

TNS MARKET ROUNDUP: Stocks, Rupee end down on outflows; Bonds up

MUMBAI, Mar 23(TickerNews Service):

STOCKS:
The Indian stock indices, Nifty and Sensex ended down Wednesday following the recent rally as cautious investors booked profit ahead of meeting of US President and European leaders. Volatility is back due to inflationary pressures triggered by supply constraints. The 30-share Sensex closed 304.48 points or 0.53% lower at 57,684.82 on the BSE, while the 50-stock Nifty lost 69.85 points or 1.16% to close at 17,245.65 on the NSE.
***
EUROPEAN STOCKS:
European stocks were little changed on Wednesday as global markets continued to assess inflation concerns and Russia’s invasion of Ukraine, CNBC reported on Wednesday.
U.S. stock futures dipped in early morning trading on Wednesday as investors continue to digest revelations from the Federal Reserve on inflation and interest rates, as well as the latest news on the Ukraine-Russia war.
***
RUPEE:
The Indian currency ended down Wednesday due to outflows from local equities and firm dollar index ahead of Fed Chair Jerome Powell speech at the BIS innovation summit.
Rupee in spot market ended at Rs 76.30/$1 compared with Rs 75.98/$1 at open Wednesday and Rs 76.17/$1 at close on Tuesday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended tad up on Wednesday as some banks paid in forward fearing further rise in USD/INR spot pair, dealers said.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 3.84%, compared with 3.83% at the previous close.
***
GILTS:
Government bond prices ended up on Wednesday as US yields eased during Asian trade on talk of possible more sanction on Russia amid buying for year-end valuations.
The 6.54%-2032 bond ended at Rs 97.9300 or 6.8311% yield compared with Rs 97.8900 or 6.8368% yield at open on Wednesday and Rs 97.9300 or 6.8311% yield at close on Tuesday.
***
CRUDE OIL:
Brent crude oil futures traded at $118.27 a barrel at 4:20PM IST on Wednesday.

(End)