TNS MARKET ROUNDUP: Stocks, Rupee, Bond end up on upbeat Economic Survey report
MUMBAI, JAN 31 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended up on Monday on taking positive cues from global markets and favourable takeaways from the Economic Survey report. The market rallied ahead of the Budget day with all major sectors ending in the green. The major macro indicators of the survey gave confidence that the country is well placed to face future challenges with GDP growth for FY23 projected at 8-8.5%. The 30-share Sensex closed 813.94 points or 1.42% higher at 58,014.17 on the BSE, while the 50-stock Nifty gained 237.90 points or 1.39% to close at 17,339.85 on the NSE.
***
EUROPEAN STOCKS:
European stocks were higher on Monday, the last trading day of January, as investors kept an eye on political developments between Russia and Ukraine as well as inflation data,CNBC reported on Monday.
US stock futures were mixed in early morning trading on Monday as investors braced for the final trading day in what could be the worst month for the S&P 500 since March 2020.
***
RUPEE:
The Indian currency ended up on IPO related inflows and inflows into local stocks as Economic Survey projects upbeat GDP growth in FY23
Rupee ended at Rs 74.61/$1 on Monday compared to previous close of
Rs 75.04/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended higher on Monday as some importers paid in forward taking advantage of appreciation in Indian rupee, dealers said.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 4.54% on Monday versus 4.51% at close on Friday.
***
GILTS:
Government bond prices ended up on Monday after the Reserve Bank of India bought G-sec worth Rs 1,19,701 crore from the Government of India. Dealers also added that bonds prices extended gain after the Economic Survey reported that the central government is well on track to meet its fiscal deficit target for FY22.
The 6.10%-2031 bond ended at Rs 95.9600 or 6.6829% yield compared with Rs 95.7000 or 6.7215% yield at open on Monday and Rs 95.4900 or 6.7527% yield at close on Friday.
***
CRUDE OIL:
Brent crude oil futures traded at $91.43 a barrel at 4:30PM IST on Monday.
(End)
MUMBAI, JAN 31 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended up on Monday on taking positive cues from global markets and favourable takeaways from the Economic Survey report. The market rallied ahead of the Budget day with all major sectors ending in the green. The major macro indicators of the survey gave confidence that the country is well placed to face future challenges with GDP growth for FY23 projected at 8-8.5%. The 30-share Sensex closed 813.94 points or 1.42% higher at 58,014.17 on the BSE, while the 50-stock Nifty gained 237.90 points or 1.39% to close at 17,339.85 on the NSE.
***
EUROPEAN STOCKS:
European stocks were higher on Monday, the last trading day of January, as investors kept an eye on political developments between Russia and Ukraine as well as inflation data,CNBC reported on Monday.
US stock futures were mixed in early morning trading on Monday as investors braced for the final trading day in what could be the worst month for the S&P 500 since March 2020.
***
RUPEE:
The Indian currency ended up on IPO related inflows and inflows into local stocks as Economic Survey projects upbeat GDP growth in FY23
Rupee ended at Rs 74.61/$1 on Monday compared to previous close of
Rs 75.04/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended higher on Monday as some importers paid in forward taking advantage of appreciation in Indian rupee, dealers said.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 4.54% on Monday versus 4.51% at close on Friday.
***
GILTS:
Government bond prices ended up on Monday after the Reserve Bank of India bought G-sec worth Rs 1,19,701 crore from the Government of India. Dealers also added that bonds prices extended gain after the Economic Survey reported that the central government is well on track to meet its fiscal deficit target for FY22.
The 6.10%-2031 bond ended at Rs 95.9600 or 6.6829% yield compared with Rs 95.7000 or 6.7215% yield at open on Monday and Rs 95.4900 or 6.7527% yield at close on Friday.
***
CRUDE OIL:
Brent crude oil futures traded at $91.43 a barrel at 4:30PM IST on Monday.
(End)
TNS INDIA TODAY - What Markets Will Watch and Why - Feb 1
LOCAL EVENTS:
10:30 AM –- Markit Manufacturing PMI (Jan)
11:00 AM -- FM Nirmala Sitharaman to present federal budget for the next
financial year in Parliament in New Delhi.
3:45 PM -- Tech Mahindra management at Q3 press briefing followed by
conference call.
-- Delhi High Court to hear plea of two Indian subsidiaries of
Amazon against an investigation by the Enforcement Directorate
in New Delhi.
-- Government likely to release January preliminary trade data in
New Delhi.
***
MINT ROAD:
10:30AM-11:00AM -- RBI to auction 3-day Reverse Repo worth Rs 4 lakh cr
10:30AM-11:30AM -– RBI to auction 6 SDL worth Rs 13000 cr
***
US STOCKS:
US stocks closed higher on Monday, at the end of a volatile month for Wall Street where the tech-heavy Nasdaq narrowly avoided its worst ever start to the year and the S&P 500 recorded its weakest January performance since 2009.
At close, Dow Jones Industrial Average rose 1.17% to 35,131.86, the S&P 500 gained 1.89% to 4,515.55 and the Nasdaq Composite added 3.41%, to 14,239.88.
***
ASIAN STOCKS:
Japan’s markets were set to rise as stocks on Wall Street surged for a second session. Australia’s ASX 200, declined 0.32 percent in early trade. Markets in mainland China, Hong Kong, South Korea and Singapore are closed for a holiday.
The Nifty futures were trading down 30.00 points at 17,488.80 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
TUESDAY
3:00 AM -- Australia -- AiG Performance of Mfg Index(Jan)
3:30 AM -- Australia -- Commonwealth Bank Manufacturing
PMI(Jan)
5:00 AM -- Japan -- Jobs / Applicants Ratio(Dec)
-- Unemployment Rate(Dec)
6:00 AM -- Japan -- Jibun Bank Manufacturing PMI(Jan)
6:00 AM -- Australia -- Home Loans(Dec)
-- Investment Lending for Homes(Dec)
-- RBA Interest Rate Decision
-- RBA Rate Statement
11:00 AM -- Australia -- RBA Commodity Index SDR (YoY)(Jan)
12:15 PM -- Switzerland -- SECO Consumer Climate (3m)(Q1)
12:30 PM -- UK -- Nationwide Housing Prices n.s.a
(YoY)(Jan)
12:30 PM -- Germany -- Retail Sales (YoY)(Dec)
1:00 PM -- Switzerland -- Real Retail Sales (YoY)(Dec)
1:15 PM -- France -- Consumer Price Index (EU norm)
(YoY)(Jan) PREL
1:45 PM -- Spain -- Markit Manufacturing PMI(Jan)
2:15 PM -- Italy -- Markit Manufacturing PMI(Jan)
2:20 PM -- France -- Markit Manufacturing PMI(Jan)
2:25 PM -- Germany -- Markit Manufacturing PMI(Jan)
-- Unemployment Change(Jan)
-- Unemployment Rate s.a.(Jan)
2:30 PM -- EMU -- ECB Bank Lending Survey
-- Markit Manufacturing PMI(Jan)
3:00 PM -- UK -- Consumer Credit(Dec)
-- M4 Money Supply (YoY)(Dec)
-- Markit Manufacturing PMI(Jan)
-- Mortgage Approvals(Dec)
-- Net Lending to Individuals (MoM)(Dec)
3:30 PM -- EMU -- Unemployment Rate(Dec)
7:25 PM -- US -- Redbook Index (YoY)(Jan 28)
LOCAL EVENTS:
10:30 AM –- Markit Manufacturing PMI (Jan)
11:00 AM -- FM Nirmala Sitharaman to present federal budget for the next
financial year in Parliament in New Delhi.
3:45 PM -- Tech Mahindra management at Q3 press briefing followed by
conference call.
-- Delhi High Court to hear plea of two Indian subsidiaries of
Amazon against an investigation by the Enforcement Directorate
in New Delhi.
-- Government likely to release January preliminary trade data in
New Delhi.
***
MINT ROAD:
10:30AM-11:00AM -- RBI to auction 3-day Reverse Repo worth Rs 4 lakh cr
10:30AM-11:30AM -– RBI to auction 6 SDL worth Rs 13000 cr
***
US STOCKS:
US stocks closed higher on Monday, at the end of a volatile month for Wall Street where the tech-heavy Nasdaq narrowly avoided its worst ever start to the year and the S&P 500 recorded its weakest January performance since 2009.
At close, Dow Jones Industrial Average rose 1.17% to 35,131.86, the S&P 500 gained 1.89% to 4,515.55 and the Nasdaq Composite added 3.41%, to 14,239.88.
***
ASIAN STOCKS:
Japan’s markets were set to rise as stocks on Wall Street surged for a second session. Australia’s ASX 200, declined 0.32 percent in early trade. Markets in mainland China, Hong Kong, South Korea and Singapore are closed for a holiday.
The Nifty futures were trading down 30.00 points at 17,488.80 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
TUESDAY
3:00 AM -- Australia -- AiG Performance of Mfg Index(Jan)
3:30 AM -- Australia -- Commonwealth Bank Manufacturing
PMI(Jan)
5:00 AM -- Japan -- Jobs / Applicants Ratio(Dec)
-- Unemployment Rate(Dec)
6:00 AM -- Japan -- Jibun Bank Manufacturing PMI(Jan)
6:00 AM -- Australia -- Home Loans(Dec)
-- Investment Lending for Homes(Dec)
-- RBA Interest Rate Decision
-- RBA Rate Statement
11:00 AM -- Australia -- RBA Commodity Index SDR (YoY)(Jan)
12:15 PM -- Switzerland -- SECO Consumer Climate (3m)(Q1)
12:30 PM -- UK -- Nationwide Housing Prices n.s.a
(YoY)(Jan)
12:30 PM -- Germany -- Retail Sales (YoY)(Dec)
1:00 PM -- Switzerland -- Real Retail Sales (YoY)(Dec)
1:15 PM -- France -- Consumer Price Index (EU norm)
(YoY)(Jan) PREL
1:45 PM -- Spain -- Markit Manufacturing PMI(Jan)
2:15 PM -- Italy -- Markit Manufacturing PMI(Jan)
2:20 PM -- France -- Markit Manufacturing PMI(Jan)
2:25 PM -- Germany -- Markit Manufacturing PMI(Jan)
-- Unemployment Change(Jan)
-- Unemployment Rate s.a.(Jan)
2:30 PM -- EMU -- ECB Bank Lending Survey
-- Markit Manufacturing PMI(Jan)
3:00 PM -- UK -- Consumer Credit(Dec)
-- M4 Money Supply (YoY)(Dec)
-- Markit Manufacturing PMI(Jan)
-- Mortgage Approvals(Dec)
-- Net Lending to Individuals (MoM)(Dec)
3:30 PM -- EMU -- Unemployment Rate(Dec)
7:25 PM -- US -- Redbook Index (YoY)(Jan 28)
8:15 PM -- US -- Markit Manufacturing PMI(Jan)
8:30 PM -- US -- Construction Spending (MoM)(Dec)
-- ISM Manufacturing Employment Index(Jan)
-- ISM Manufacturing New Orders Index(Jan)
-- ISM Manufacturing PMI(Jan)
-- ISM Manufacturing Prices Paid(Jan)
-- JOLTS Job Openings(Dec)
9:30 PM -- China -- Chinese New Year
(End)
8:30 PM -- US -- Construction Spending (MoM)(Dec)
-- ISM Manufacturing Employment Index(Jan)
-- ISM Manufacturing New Orders Index(Jan)
-- ISM Manufacturing PMI(Jan)
-- ISM Manufacturing Prices Paid(Jan)
-- JOLTS Job Openings(Dec)
9:30 PM -- China -- Chinese New Year
(End)
TNS INDIA TODAY - What Markets Will Watch and Why - Feb 2
LOCAL EVENTS:
–- National Company Appellate Law Tribunal to hear Amazon’s plea
challenging Competition Commission of India’s revocation of
the U.S. company's deal with Future Coupons in New Delhi.
11:00 AM -- PM Narendra Modi speaks at Bhartiya Janata Party event in New
Delhi.
-- Central Board of Direct Taxes Chairperson J.B. Mohapatra,
Joint Secretaries Kamlesh Chandra Varshney and Raman Chopra
at industry body FICCI post budget webinar.
-- Commerce Ministry Additional Director General Foreign Trade
Ajay Srivastava at a discussion on federal budget.
4:00 PM -- Exim Bank webinar on impact of federal budget on select
sectors.
***
MINT ROAD:
10:30AM-11:00AM -- RBI to auction 2-day Reverse Repo worth Rs 2 lakh cr
10:30AM-11:30AM -– RBI to auction 3 T-Bills worth Rs 26000 cr
***
US STOCKS:
All three Wall Street benchmarks advanced on Tuesday and the energy index closed at a multi-year high, although seesaw trading reflected investor uncertainty about how to play the current market.
At close, Dow Jones Industrial Average rose 0.78% to 35,405.24, the S&P 500 gained 0.69% to 4,546.54 and the Nasdaq Composite added 0.75%, to 14,346.
***
ASIAN STOCKS:
Asia-Pacific shares rose in Wednesday morning trade, with multiple major markets in Asia remaining closed for the Lunar New Year holidays. The Nikkei 225 gained 1.05 percent in early trade, while the Topix index advanced 0.97 percent. In Australia, the S&P/ASX 200 climbed 0.99 percent in morning trade.
The Nifty futures were trading up 95.30 points at 17,726.80 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
WEDNESDAY
5:20 AM -- Japan -- Monetary Base (YoY)(Jan)
5:31 AM -- UK -- BRC Shop Price Index (YoY)(Dec)
7:00 AM -- Australia -- RBA's Governor Lowe speech
1:15 PM -- France -- Budget(Dec)
1:30 PM -- Spain -- Unemployment Change(Jan)
2:30 PM -- US -- OPEC Meeting
3:30 PM -- Italy -- Consumer Price Index (YoY)(Jan) PREL
3:30 PM -- EMU -- Consumer Price Index (YoY)(Jan) PREL
5:30 PM -- US -- MBA Mortgage Applications(Jan 28)
6:45 PM -- US -- ADP Employment Change(Jan)
9:00 PM -- US -- EIA Crude Oil Stocks Change(Jan 28)
9:30 PM -- China -- Chinese New Year
(End)
LOCAL EVENTS:
–- National Company Appellate Law Tribunal to hear Amazon’s plea
challenging Competition Commission of India’s revocation of
the U.S. company's deal with Future Coupons in New Delhi.
11:00 AM -- PM Narendra Modi speaks at Bhartiya Janata Party event in New
Delhi.
-- Central Board of Direct Taxes Chairperson J.B. Mohapatra,
Joint Secretaries Kamlesh Chandra Varshney and Raman Chopra
at industry body FICCI post budget webinar.
-- Commerce Ministry Additional Director General Foreign Trade
Ajay Srivastava at a discussion on federal budget.
4:00 PM -- Exim Bank webinar on impact of federal budget on select
sectors.
***
MINT ROAD:
10:30AM-11:00AM -- RBI to auction 2-day Reverse Repo worth Rs 2 lakh cr
10:30AM-11:30AM -– RBI to auction 3 T-Bills worth Rs 26000 cr
***
US STOCKS:
All three Wall Street benchmarks advanced on Tuesday and the energy index closed at a multi-year high, although seesaw trading reflected investor uncertainty about how to play the current market.
At close, Dow Jones Industrial Average rose 0.78% to 35,405.24, the S&P 500 gained 0.69% to 4,546.54 and the Nasdaq Composite added 0.75%, to 14,346.
***
ASIAN STOCKS:
Asia-Pacific shares rose in Wednesday morning trade, with multiple major markets in Asia remaining closed for the Lunar New Year holidays. The Nikkei 225 gained 1.05 percent in early trade, while the Topix index advanced 0.97 percent. In Australia, the S&P/ASX 200 climbed 0.99 percent in morning trade.
The Nifty futures were trading up 95.30 points at 17,726.80 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
WEDNESDAY
5:20 AM -- Japan -- Monetary Base (YoY)(Jan)
5:31 AM -- UK -- BRC Shop Price Index (YoY)(Dec)
7:00 AM -- Australia -- RBA's Governor Lowe speech
1:15 PM -- France -- Budget(Dec)
1:30 PM -- Spain -- Unemployment Change(Jan)
2:30 PM -- US -- OPEC Meeting
3:30 PM -- Italy -- Consumer Price Index (YoY)(Jan) PREL
3:30 PM -- EMU -- Consumer Price Index (YoY)(Jan) PREL
5:30 PM -- US -- MBA Mortgage Applications(Jan 28)
6:45 PM -- US -- ADP Employment Change(Jan)
9:00 PM -- US -- EIA Crude Oil Stocks Change(Jan 28)
9:30 PM -- China -- Chinese New Year
(End)
TNS MARKET ROUNDUP: Stocks end up for 2nd day on Budget spending, while Rupee, Bonds fall on outflows
MUMBAI, Feb 2 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended up on Wednesday as the domestic market continued its bull ride for the second trading sessison tracking budget cues and positive sentiments from global markets. Most sectors remained green while banking and finance stocks contributed most to the gain. The 30-share Sensex closed 695.76 points or 1.18% higher at 59,558.33 on the BSE, while the 50-stock Nifty gained 203.15 points or 1.16% to close at 17,780.00 on the NSE.
***
EUROPEAN STOCKS:
European stocks moved higher on Wednesday amid positive momentum in global markets, CNBC reported on Wednesday.
US futures jumped in early trading Wednesday, after the technology-focused average gained for the third straight day.
***
RUPEE:
The Indian currency ended down Wednesday due to oil importers dollar demand ahead of OPEC plus meeting and geo-political tensions. Adding to this, the higher than expected fiscal deficit for this year and next too continue to weigh on the local currency.
Rupee in spot market ended at Rs 74.84/$1 compared with Rs 74.75/$1 at open Wednesday and Rs 73.57/$1 at close on Tuesday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended tad up Wednesday as some banks paid in forward on fear of spot pair may spike to Rs 75/$1 and above.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 4.47%, compared with 4.46% at the previous close.
***
GILTS:
Government bond prices ended down on Wednesday after the government set high net market borrowing target for FY23 following the higher than expected fiscal deficit target for the current fiscal year. Rising oil prices too supported the selloff in gilts. Further, the lack of announcement on tax exemptions to incentivize inclusion of Indian bonds on global indices too added to the bond dealers woes.
The 6.10%-2031 bond traded at Rs 94.4250 or 6.9130% yield compared with Rs 94.6125 or 6.8847% yield at open on Wednesday and Rs 94.8700 or 6.8458% yield at close on Tuesday.
***
CRUDE OIL:
Brent crude oil futures traded at $89.24 a barrel at 5PM IST on Wednesday.
(End)
MUMBAI, Feb 2 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended up on Wednesday as the domestic market continued its bull ride for the second trading sessison tracking budget cues and positive sentiments from global markets. Most sectors remained green while banking and finance stocks contributed most to the gain. The 30-share Sensex closed 695.76 points or 1.18% higher at 59,558.33 on the BSE, while the 50-stock Nifty gained 203.15 points or 1.16% to close at 17,780.00 on the NSE.
***
EUROPEAN STOCKS:
European stocks moved higher on Wednesday amid positive momentum in global markets, CNBC reported on Wednesday.
US futures jumped in early trading Wednesday, after the technology-focused average gained for the third straight day.
***
RUPEE:
The Indian currency ended down Wednesday due to oil importers dollar demand ahead of OPEC plus meeting and geo-political tensions. Adding to this, the higher than expected fiscal deficit for this year and next too continue to weigh on the local currency.
Rupee in spot market ended at Rs 74.84/$1 compared with Rs 74.75/$1 at open Wednesday and Rs 73.57/$1 at close on Tuesday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended tad up Wednesday as some banks paid in forward on fear of spot pair may spike to Rs 75/$1 and above.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 4.47%, compared with 4.46% at the previous close.
***
GILTS:
Government bond prices ended down on Wednesday after the government set high net market borrowing target for FY23 following the higher than expected fiscal deficit target for the current fiscal year. Rising oil prices too supported the selloff in gilts. Further, the lack of announcement on tax exemptions to incentivize inclusion of Indian bonds on global indices too added to the bond dealers woes.
The 6.10%-2031 bond traded at Rs 94.4250 or 6.9130% yield compared with Rs 94.6125 or 6.8847% yield at open on Wednesday and Rs 94.8700 or 6.8458% yield at close on Tuesday.
***
CRUDE OIL:
Brent crude oil futures traded at $89.24 a barrel at 5PM IST on Wednesday.
(End)
TNS INDIA TODAY - What Markets Will Watch and Why - Feb 3
LOCAL EVENTS:
-- National Company Law Tribunal to hear Yes Bank’s plea seeking
EGM requisition against Dish TV in Mumbai
10:30 AM –- Markit India Services PMI (Jan)
11:00 AM -- Revenue Secretary Tarun Bajaj, CBDT Chairman J B Mohapatra,
Joint Secretary Kamlesh Varshney, CBIC Chairman Vivek Johri
at industry body ASSOCHAM's post budget webinar
12:00 PM -- NMDC Director - Production - Dilip Kumar Mohanty, Vedanta
Chief Executiver - Mines V. Srikanth, BEML Director - Mining
& Construction M V Rajasekhar and other corporate executives
at ASSOCHAM webinar on Indian mining equipment industry.
***
MINT ROAD:
---- NO MAJOR EVENTS ----
***
US STOCKS:
All three Wall Street benchmarks ended higher on Wednesday, rising for a fourth straight session after a turbulent start to the year, aided by upbeat earnings from Google-parent Alphabet and chipmaker Advanced Micro Devices.
At close, Dow Jones Industrial Average rose 0.63% to 35,629.33, the S&P 500 gained 0.94% to 4,589.38 and the Nasdaq Composite added 0.5%, to 14,417.55.
***
ASIAN STOCKS:
Asia-Pacific markets traded mixed on Thursday amid some lingering concerns about global growth and ongoing geopolitical tensions. Japan’s Nikkei 225 fell 0.92%, while the Topix index was down 0.52%. In South Korea, the Kospi bucked the downward trend and rose 1.68%.
The Nifty futures were trading down 64.50 points at 17,789.80 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
THURSDAY
3:00 AM -- Australia -- AiG Performance of Construction
Index(Dec)
3:30 AM -- Australia -- Commonwealth Bank Composite PMI(Jan)
-- Commonwealth Bank Services PMI(Jan)
5:20 AM -- Japan -- Foreign Bond Investment(Jan 28)
6:00 AM -- Japan -- Jibun Bank Services PMI(Jan)
6:00 AM -- Australia -- Building Permits (YoY)(Dec)
-- National Australia Bank's Business
Confidence (QoQ)(Q4)
-- Trade Balance (MoM)(Dec)
1:45 PM -- Spain -- Markit Services PMI(Jan)
2:15 PM -- Italy -- Markit Services PMI(Jan)
2:20 PM -- France -- Markit PMI Composite(Jan)
-- Markit Services PMI(Jan)
2:25 PM -- Germany -- Markit PMI Composite(Jan)
-- Markit Services PMI(Jan)
2:30 PM -- EMU -- Markit PMI Composite(Jan)
-- Markit Services PMI(Jan)
3:00 PM -- UK -- Markit Services PMI(Jan)
3:30 PM -- EMU -- Producer Price Index (YoY)(Dec)
5:30 PM -- UK -- Bank of England Minutes
-- Bank of England Monetary Policy
Report
-- BoE Asset Purchase Facility
-- BoE Interest Rate Decision
-- BoE MPC Vote Rate Cut
-- BoE MPC Vote Rate Hike
-- BoE MPC Vote Rate Unchanged
-- Monetary Policy Summary
6:00 PM -- US -- Challenger Job Cuts(Jan)
6:00 PM -- UK -- BoE's Governor Bailey speech
6:15 PM -- EMU -- ECB Deposit Rate Decision
-- ECB Interest Rate Decision
LOCAL EVENTS:
-- National Company Law Tribunal to hear Yes Bank’s plea seeking
EGM requisition against Dish TV in Mumbai
10:30 AM –- Markit India Services PMI (Jan)
11:00 AM -- Revenue Secretary Tarun Bajaj, CBDT Chairman J B Mohapatra,
Joint Secretary Kamlesh Varshney, CBIC Chairman Vivek Johri
at industry body ASSOCHAM's post budget webinar
12:00 PM -- NMDC Director - Production - Dilip Kumar Mohanty, Vedanta
Chief Executiver - Mines V. Srikanth, BEML Director - Mining
& Construction M V Rajasekhar and other corporate executives
at ASSOCHAM webinar on Indian mining equipment industry.
***
MINT ROAD:
---- NO MAJOR EVENTS ----
***
US STOCKS:
All three Wall Street benchmarks ended higher on Wednesday, rising for a fourth straight session after a turbulent start to the year, aided by upbeat earnings from Google-parent Alphabet and chipmaker Advanced Micro Devices.
At close, Dow Jones Industrial Average rose 0.63% to 35,629.33, the S&P 500 gained 0.94% to 4,589.38 and the Nasdaq Composite added 0.5%, to 14,417.55.
***
ASIAN STOCKS:
Asia-Pacific markets traded mixed on Thursday amid some lingering concerns about global growth and ongoing geopolitical tensions. Japan’s Nikkei 225 fell 0.92%, while the Topix index was down 0.52%. In South Korea, the Kospi bucked the downward trend and rose 1.68%.
The Nifty futures were trading down 64.50 points at 17,789.80 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
THURSDAY
3:00 AM -- Australia -- AiG Performance of Construction
Index(Dec)
3:30 AM -- Australia -- Commonwealth Bank Composite PMI(Jan)
-- Commonwealth Bank Services PMI(Jan)
5:20 AM -- Japan -- Foreign Bond Investment(Jan 28)
6:00 AM -- Japan -- Jibun Bank Services PMI(Jan)
6:00 AM -- Australia -- Building Permits (YoY)(Dec)
-- National Australia Bank's Business
Confidence (QoQ)(Q4)
-- Trade Balance (MoM)(Dec)
1:45 PM -- Spain -- Markit Services PMI(Jan)
2:15 PM -- Italy -- Markit Services PMI(Jan)
2:20 PM -- France -- Markit PMI Composite(Jan)
-- Markit Services PMI(Jan)
2:25 PM -- Germany -- Markit PMI Composite(Jan)
-- Markit Services PMI(Jan)
2:30 PM -- EMU -- Markit PMI Composite(Jan)
-- Markit Services PMI(Jan)
3:00 PM -- UK -- Markit Services PMI(Jan)
3:30 PM -- EMU -- Producer Price Index (YoY)(Dec)
5:30 PM -- UK -- Bank of England Minutes
-- Bank of England Monetary Policy
Report
-- BoE Asset Purchase Facility
-- BoE Interest Rate Decision
-- BoE MPC Vote Rate Cut
-- BoE MPC Vote Rate Hike
-- BoE MPC Vote Rate Unchanged
-- Monetary Policy Summary
6:00 PM -- US -- Challenger Job Cuts(Jan)
6:00 PM -- UK -- BoE's Governor Bailey speech
6:15 PM -- EMU -- ECB Deposit Rate Decision
-- ECB Interest Rate Decision
-- ECB Monetary Policy Decision
Statement
6:30 PM -- Singapore -- Purchasing Managers Index(Jan)
7:00 PM -- US -- Continuing Jobless Claims(Jan 21)
-- Initial Jobless Claims 4-week
average(Jan 28)
-- Nonfarm Productivity(Q4) PREL
-- Unit Labor Costs(Q4) PREL
7:00 PM -- EMU -- ECB Press Conference
8:15 PM -- US -- Markit PMI Composite(Jan)
-- Markit Services PMI(Jan)
8:30 PM -- US -- Factory Orders (MoM)(Dec)
-- ISM Services Employment Index(Jan)
-- ISM Services New Orders Index(Jan)
-- ISM Services PMI(Jan)
-- ISM Services Prices Paid(Jan)
9:00 PM -- US -- EIA Natural Gas Storage Change
(Jan 28)
9:30 PM -- China -- Chinese New Year
(End)
Statement
6:30 PM -- Singapore -- Purchasing Managers Index(Jan)
7:00 PM -- US -- Continuing Jobless Claims(Jan 21)
-- Initial Jobless Claims 4-week
average(Jan 28)
-- Nonfarm Productivity(Q4) PREL
-- Unit Labor Costs(Q4) PREL
7:00 PM -- EMU -- ECB Press Conference
8:15 PM -- US -- Markit PMI Composite(Jan)
-- Markit Services PMI(Jan)
8:30 PM -- US -- Factory Orders (MoM)(Dec)
-- ISM Services Employment Index(Jan)
-- ISM Services New Orders Index(Jan)
-- ISM Services PMI(Jan)
-- ISM Services Prices Paid(Jan)
9:00 PM -- US -- EIA Natural Gas Storage Change
(Jan 28)
9:30 PM -- China -- Chinese New Year
(End)
TNS MARKET ROUNDUP: Stocks, Rupee, Bond end down on outflows
MUMBAI, Feb 3 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended down on Thursday as the domestic market extended its losses following broad-based selling as global cues turned in favour of bears. All major sectors succumbed to selling while auto stocks showed some resistance on the back of sequential growth in auto sales numbers during January.The 30-share Sensex closed 770.31 points or 1.29% lower at 58,788.02 on the BSE, while the 50-stock Nifty losses 219.80 points or 1.24% to close at 17,560.20 on the NSE.
***
EUROPEAN STOCKS:
European stocks were lower on Thursday morning, with investors focusing on the outcome of the European Central Bank’s next policy meeting, as inflation data in the euro zone remains a concern,CNBC reported on Thursday.
U.S. stock futures fell early Thursday, as traders pored through the latest batch of corporate earnings, which included disappointing numbers from tech giant Meta Platforms.
***
RUPEE:
The Indian currency ended down on Thursday tracking weak stock indices, strong dollar index ahead of key central banks meeting outcome and oil bids
Rupee in spot market ended at Rs 74.86/$1 compared with Rs 74.86/$1 at open Thursday and Rs 74.84/$1 at close on Wednesday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended down on Thursday 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 4.43%, compared with 4.47% at the previous close.
***
GILTS:
Government bond prices ended down on Thursday as market participants were selling before the weekly bond auction due tomorrow.
The 6.10%-2031 bond ended at Rs 94.4000 or 6.9169% yield compared with Rs 94.5200 or 6.8988% yield at open on Thursday and Rs 94.4250 or 6.9130% yield at close on Wednesday.
***
CRUDE OIL:
Brent crude oil futures traded at $88.31 a barrel at 4:30PM IST on Thursday.
(End)
MUMBAI, Feb 3 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended down on Thursday as the domestic market extended its losses following broad-based selling as global cues turned in favour of bears. All major sectors succumbed to selling while auto stocks showed some resistance on the back of sequential growth in auto sales numbers during January.The 30-share Sensex closed 770.31 points or 1.29% lower at 58,788.02 on the BSE, while the 50-stock Nifty losses 219.80 points or 1.24% to close at 17,560.20 on the NSE.
***
EUROPEAN STOCKS:
European stocks were lower on Thursday morning, with investors focusing on the outcome of the European Central Bank’s next policy meeting, as inflation data in the euro zone remains a concern,CNBC reported on Thursday.
U.S. stock futures fell early Thursday, as traders pored through the latest batch of corporate earnings, which included disappointing numbers from tech giant Meta Platforms.
***
RUPEE:
The Indian currency ended down on Thursday tracking weak stock indices, strong dollar index ahead of key central banks meeting outcome and oil bids
Rupee in spot market ended at Rs 74.86/$1 compared with Rs 74.86/$1 at open Thursday and Rs 74.84/$1 at close on Wednesday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended down on Thursday 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 4.43%, compared with 4.47% at the previous close.
***
GILTS:
Government bond prices ended down on Thursday as market participants were selling before the weekly bond auction due tomorrow.
The 6.10%-2031 bond ended at Rs 94.4000 or 6.9169% yield compared with Rs 94.5200 or 6.8988% yield at open on Thursday and Rs 94.4250 or 6.9130% yield at close on Wednesday.
***
CRUDE OIL:
Brent crude oil futures traded at $88.31 a barrel at 4:30PM IST on Thursday.
(End)
TNS INDIA TODAY - What Markets Will Watch and Why - Feb 4
LOCAL EVENTS:
10:00 AM -- Revenue Secretary Tarun Bajaj, CBDT Chairman J.B. Mohapatra,
Joint Secretary Kamlesh Varshney and CBIC Chairman Vivek
Johri at industry body ASSOCHAM's post-budget webinar.
-- Vedant Fashions IPO opens for subscription in Mumbai.
4:00 PM -- Kotak Mahindra AMC MD Nilesh Shah at StanChart webinar on
federal budget.
5:00 PM -- Minister of State for Finance Bhagwat Kishanrao Karad at
Institute of Chartered Accountants of India event.
***
MINT ROAD:
9:00AM-09:30AM -- RBI to conduct auction to determine PDs’ underwriting
fee
10:30AM-11:00AM -– RBI to auction 7 day reverse repo worth Rs 4 lakh cr
10:30AM-11:30AM -- RBI to auction four gilts worth Rs 24000 cr
***
US STOCKS:
Wall Street snapped a four-session winning streak on Thursday, with all three benchmarks ending lower after Facebook-owner Meta Platforms' dour forecast sent its stock plummeting and halted a nascent recovery built on upbeat earnings from other big tech.
At close, Dow Jones Industrial Average fell 1.45% to 35,111.16, the S&P 500 lost 2.44% to 4,477.44 and the Nasdaq Composite dropped 3.74%, to 13,878.82.
***
ASIAN STOCKS:
Asia-Pacific shares were mixed in Friday trade, following heavy losses overnight on Wall Street that saw the tech-heavy Nasdaq Composite plunging nearly 4%. South Korea’s Kospi jumped 0.75%. Nikkei 225 in Japan sat below the flatline while the Topix index dipped 0.12%. The S&P/ASX 200 in Australia declined 0.2%.
The Nifty futures were trading up 34.75 points at 17,591.50 at 8:31 AM IST in Singapore.
***
GLOBAL EVENTS:
FRIDAY
6:00 AM -- Australia -- RBA Monetary Policy Statement
10:30 AM -- Singapore -- Retail Sales (YoY)(Dec)
12:30 PM -- Germany -- Factory Orders n.s.a. (YoY)(Dec)
1:15 PM -- France -- Industrial Output (MoM)(Dec)
-- Nonfarm Payrolls (QoQ)(Q4) PREL
3:00 PM -- UK -- Markit Construction PMI(Jan)
3:30 PM -- EMU -- Retail Sales (YoY)(Dec)
7:00 PM -- US -- Average Hourly Earnings (YoY)(Jan)
-- Average Weekly Hours(Jan)
-- Labor Force Participation Rate(Jan)
-- Nonfarm Payrolls(Jan)
-- Unemployment Rate(Jan)
9:30 PM -- China -- Chinese New Year
11:30 PM -- US -- Baker Hughes US Oil Rig Count
(End)
LOCAL EVENTS:
10:00 AM -- Revenue Secretary Tarun Bajaj, CBDT Chairman J.B. Mohapatra,
Joint Secretary Kamlesh Varshney and CBIC Chairman Vivek
Johri at industry body ASSOCHAM's post-budget webinar.
-- Vedant Fashions IPO opens for subscription in Mumbai.
4:00 PM -- Kotak Mahindra AMC MD Nilesh Shah at StanChart webinar on
federal budget.
5:00 PM -- Minister of State for Finance Bhagwat Kishanrao Karad at
Institute of Chartered Accountants of India event.
***
MINT ROAD:
9:00AM-09:30AM -- RBI to conduct auction to determine PDs’ underwriting
fee
10:30AM-11:00AM -– RBI to auction 7 day reverse repo worth Rs 4 lakh cr
10:30AM-11:30AM -- RBI to auction four gilts worth Rs 24000 cr
***
US STOCKS:
Wall Street snapped a four-session winning streak on Thursday, with all three benchmarks ending lower after Facebook-owner Meta Platforms' dour forecast sent its stock plummeting and halted a nascent recovery built on upbeat earnings from other big tech.
At close, Dow Jones Industrial Average fell 1.45% to 35,111.16, the S&P 500 lost 2.44% to 4,477.44 and the Nasdaq Composite dropped 3.74%, to 13,878.82.
***
ASIAN STOCKS:
Asia-Pacific shares were mixed in Friday trade, following heavy losses overnight on Wall Street that saw the tech-heavy Nasdaq Composite plunging nearly 4%. South Korea’s Kospi jumped 0.75%. Nikkei 225 in Japan sat below the flatline while the Topix index dipped 0.12%. The S&P/ASX 200 in Australia declined 0.2%.
The Nifty futures were trading up 34.75 points at 17,591.50 at 8:31 AM IST in Singapore.
***
GLOBAL EVENTS:
FRIDAY
6:00 AM -- Australia -- RBA Monetary Policy Statement
10:30 AM -- Singapore -- Retail Sales (YoY)(Dec)
12:30 PM -- Germany -- Factory Orders n.s.a. (YoY)(Dec)
1:15 PM -- France -- Industrial Output (MoM)(Dec)
-- Nonfarm Payrolls (QoQ)(Q4) PREL
3:00 PM -- UK -- Markit Construction PMI(Jan)
3:30 PM -- EMU -- Retail Sales (YoY)(Dec)
7:00 PM -- US -- Average Hourly Earnings (YoY)(Jan)
-- Average Weekly Hours(Jan)
-- Labor Force Participation Rate(Jan)
-- Nonfarm Payrolls(Jan)
-- Unemployment Rate(Jan)
9:30 PM -- China -- Chinese New Year
11:30 PM -- US -- Baker Hughes US Oil Rig Count
(End)