TNS MARKET ROUNDUP: Rupee up on IPO inflows, while bonds up on short covering; Stocks down

MUMBAI, APR 29 (TickerNews Service):

STOCKS:
The Indian stock indices, Nifty and Sensex trimmed all of their gains in late afternoon session and ended in red as a shrink in the US economy and rate hike expectations in the upcoming Fed meet triggered sell-off in the global market. Domestic market reduced exposure ahead of the shortened next week and opening of India’s largest IPO. The Nifty closed 142.50 points, or 0.83% lower at 17,102.55 on the NSE, while the Sensex ended at 57,060.87, up 460.19 points or 0.80% on the BSE.
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EUROPEAN STOCKS:
European stocks were firmer for a second straight session, as investors continued to buy stocks on the last trading day of April, Dow Jones reported. Concerns lingered, however, about the prospects of U.S. interest-rate rises, the Ukraine war and Covid-19-related lockdowns in China.
US stock futures were lower, with tech stocks set to lead the way south after disappointing results from Amazon.com and Apple. Investors are awaiting key inflation data, as well as more results from major energy companies such as Exxon Mobil.
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RUPEE:
The Indian currency ended firm on Friday due to IPO related inflows especially ahead of LIC IPO next week.
Rupee in spot market ended at Rs 76.42/$1 Friday compared to previous close of Rs 76.48/$1.
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FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended higher on Friday as importers 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 3.83% on Friday versus 3.81% at close on Thursday.
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GILTS:
Government bond prices ended up on Friday on short covering by traders after better than expected cutoff at weekly bond auction.
The 6.54%-2032 bond ended at Rs 95.8350 or 7.1401% yield compared with Rs 95.6000 or 7.1750% yield at open on Friday and Rs 95.7250 or 7.1560% yield at close on Thursday.
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CRUDE OIL:
Brent crude oil futures traded at $109.33 a barrel at 4PM IST on Friday.

(End)

TNS MARKET ROUNDUP: Stock, rupee down tracking weak global cues; bonds up as oil eases

MUMBAI, MAY 2 (TickerNews Service):

STOCKS:
The Indian stock indices, Nifty and Sensex kicked off May on a weak note, tracking weakness in Asian peers after a sell-off in US stocks on Friday, as investors await an expected rate hike by the Federal Reserve this week. IT, bank stocks and RIL were among top drags on the benchmark. The Nifty closed 33.45 points, or 0.20% lower at 17,069.10 on the NSE, while the Sensex ended at 56,975.99, down 84.88 points or 0.15% on the BSE.
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EUROPEAN STOCKS:
European stocks fell in thin trade on Monday, pressured by heavyweights such as Mercedes-Benz trading ex-dividend, while data that signalled a steeper pace of contraction in China's factory activity also dampened risk appetite.
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RUPEE:
The Indian currency ended lower on Monday tracking a muted stock indices and strong dollar index ahead of US Federal Reserve decision where market participants are expecting aggressive rate hike, dealers said.
Rupee in spot market ended at Rs 76.51/$1 compared with Rs 76.49/$1 at open Monday and Rs 76.34/$1 at close on Friday.
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FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended down on Monday as some exporters and banks covered their open dollar position fearing further fall in spot pair, dealers said.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 3.69%, compared with 3.83% at the previous close.
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GILTS:
Government bond prices ended up on Monday amid easing Brent crude oil prices, currently trading below $106/bbl even as FOMC meeting.
The 6.54%-2032 bond ended at Rs 95.9825 or 7.1184% yield compared with Rs 95.8500 or 7.1381% yield at open on Monday and Rs 95.8350 or 7.1401% yield at close on Friday.
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CRUDE OIL:
Brent crude oil futures traded at $104.59 a barrel at 4:30PM IST on Monday.

(End)

TNS MARKET ROUNDUP: Stocks end down, rupee near record low; Bonds down as oil rises

MUMBAI, MAY 6 (TickerNews Service):

STOCKS:
Indian stock indices closed over 1.5% lower on Friday and registered their worst week since November, as investors fretted that fast-paced interest rate hikes to fight surging inflation would slow global economic growth. Major drags were IT, metal, and realty indices fell 2-3%. BSE midcap and small cap indices fell 2% each. The Nifty closed 271.40 points, or 1.63% down at 16,411.25 on the NSE, while the Sensex ended at 54,835.58, down 866.65 points or 1.56% on the BSE.
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EUROPEAN STOCKS:
European stocks opened lower and were headed for their worst week in two months, after Wall Street's selloff Thursday on heightened worries about rising inflation and interest rates.
U.S. stock futures traded lower in early pre-market trade after the Dow Jones dipped more than 1,000 points in the previous session.
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RUPEE:
The Indian currency ended near record low on Friday amid strong dollar and selloff in local stocks due to concerns that the extra accommodative policy cycle of the RBI has come to an end, which would impact investment cycle of the country.
Rupee in spot market ended at Rs 76.91/$1 compared with Rs 76.62/$1 at open Friday and Rs 76.25/$1 at close on Thursday.

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FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended down on Friday as some exporters and banks covered their open dollar position taking advantage of spike in spot pair.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 4.16%, compared with 4.27% at the previous close.
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GILTS:
Government bond prices ended down on Friday amid rise in US Treasury yield and Brent crude oil prices.
The 6.54%-2032 bond ended at Rs 93.7800 or 7.4507% yield compared with Rs 93.8500 or 7.4400% yield at open on Friday and Rs 94.0900 or 7.4028% yield at close on Thursday.
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CRUDE OIL:
Brent crude oil futures traded at $113.12 a barrel at 4:30PM IST on Friday.

(End)

TNS MARKET ROUNDUP: Stocks, rupee, bonds down on outflows as April CPI surges

MUMBAI, MAY 13 (TickerNews Service):

STOCKS:
Indian stock indices ended lower on Friday extending their fall for the sixth straight day as losses in banking, financial and metal stocks countered gains in automobile, consumer goods and pharma. The domestic indices plunged into the red during late deals. The Nifty closed 25.85 points, or 0.16% down at 15,782.15 on the NSE, while the Sensex ended at 52,793.62 down 136.69 points or 0.26% on the BSE.
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EUROPEAN STOCKS:
European stock markets traded higher Friday, regaining some ground at the end of a difficult week as investors continue to assess persistent inflation, aggressive monetary tightening, and the associated impact on global economic growth. The pan European Stoxx 600 rallied 1.2 percent to 429.60 after declining 0.8 percent on Thursday.
U.S. stock futures were pointing to a higher start for Wall Street at the end of a volatile week, after Federal Reserve Chairman Jerome Powell cooled speculation over the potential for 75-basis point rate hikes.
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RUPEE:
The Indian rupee ended lower on Friday tracking a weak local stock indices and strong dollar on fear of aggressive rate hike by Fed amid global risk aversion.
Rupee in spot market ended Rs 77.44/$1 compared with Rs 77.34/$1 at open Friday and Rs 77.41/$1 at close on Thursday.
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FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended down Friday as some importers and banks covered their open dollar position taking advantage of appreciation in spot during late trades, dealers said.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 3.64%, compared with 3.84% at the previous close.
***
GILTS:
Government bond prices ended down on Friday as April CPI inflation came close to 8%, building fears of aggressive rate hike by the Reserve Bank of India.
The 6.54%-2032 bond ended at Rs 94.6600 or 7.3184% yield compared with Rs 94.8100 or 7.2957% yield at open on Friday and Rs 95.1500 or 7.2439% yield at close on Thursday.
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CRUDE OIL:
Brent crude oil futures traded at $109.44 a barrel at 4:30PM IST on Friday.

(End)