TNS INDIA TODAY - What Markets Will Watch and Why - Feb 21
LOCAL EVENTS:
10:00 AM –- Niti Aayog Chief Executive Amitabh Kant, Hero MotoCorp Chairman
and Chief Executive Pawan Munjal, Hindustan Unilever Chairman
and MD Sanjiv Mehta, Marico Chairman Harsh Mariwala at AIMA
Foundation Day event.
11:00 AM -- FM Nirmala Sitharaman post-budget interaction with industry.
***
MINT ROAD:
5:30PM -- RBI to announce details of weekly bond auction
***
US STOCKS:
Wall Street ended lower on Friday after escalating tensions in Ukraine and US warnings of a potential Russian invasion prompted investors to dump risky assets in the run-up to a long weekend.
At close, Dow Jones Industrial Average fell 0.68% to 34,079.18, the S&P 500 lost 0.72% to 4,348.87 and the Nasdaq Composite dropped 1.23%, to 13,548.07.
***
ASIAN STOCKS:
Asian share markets pared sharp early losses on Monday as a glimmer of hope emerged for a diplomatic solution to the Russian-Ukraine standoff, though there remained plenty of devil in the detail. MSCI's broadest index of Asia-Pacific shares outside Japan pared their losses to be down 0.4%, while Japan's Nikkei halved its drop to be down 0.9%.
The Nifty futures were trading down 78.60 points at 17,249.00 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
MONDAY
6:00 AM -- Japan -- Jibun Bank Manufacturing PMI(Feb) PREL
6:45 AM -- China -- PBoC Interest Rate Decision
7:00 AM -- China -- House Price Index (Jan)
10:30 AM -- US -- Presidents' Day
12:30 PM -- Germany -- Producer Price Index (YoY)(Jan)
1:45 PM -- France -- Markit PMI Composite(Feb) PREL
2:00 PM -- Germany -- Markit PMI Composite(Feb) PREL
2:30 PM -- EMU -- Markit PMI Composite(Feb) PREL
3:00 PM -- UK -- Markit Manufacturing PMI(Feb) PREL
-- Markit Services PMI(Feb) PREL
9:45 PM -- US -- Fed's Bowman speech
(End)
LOCAL EVENTS:
10:00 AM –- Niti Aayog Chief Executive Amitabh Kant, Hero MotoCorp Chairman
and Chief Executive Pawan Munjal, Hindustan Unilever Chairman
and MD Sanjiv Mehta, Marico Chairman Harsh Mariwala at AIMA
Foundation Day event.
11:00 AM -- FM Nirmala Sitharaman post-budget interaction with industry.
***
MINT ROAD:
5:30PM -- RBI to announce details of weekly bond auction
***
US STOCKS:
Wall Street ended lower on Friday after escalating tensions in Ukraine and US warnings of a potential Russian invasion prompted investors to dump risky assets in the run-up to a long weekend.
At close, Dow Jones Industrial Average fell 0.68% to 34,079.18, the S&P 500 lost 0.72% to 4,348.87 and the Nasdaq Composite dropped 1.23%, to 13,548.07.
***
ASIAN STOCKS:
Asian share markets pared sharp early losses on Monday as a glimmer of hope emerged for a diplomatic solution to the Russian-Ukraine standoff, though there remained plenty of devil in the detail. MSCI's broadest index of Asia-Pacific shares outside Japan pared their losses to be down 0.4%, while Japan's Nikkei halved its drop to be down 0.9%.
The Nifty futures were trading down 78.60 points at 17,249.00 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
MONDAY
6:00 AM -- Japan -- Jibun Bank Manufacturing PMI(Feb) PREL
6:45 AM -- China -- PBoC Interest Rate Decision
7:00 AM -- China -- House Price Index (Jan)
10:30 AM -- US -- Presidents' Day
12:30 PM -- Germany -- Producer Price Index (YoY)(Jan)
1:45 PM -- France -- Markit PMI Composite(Feb) PREL
2:00 PM -- Germany -- Markit PMI Composite(Feb) PREL
2:30 PM -- EMU -- Markit PMI Composite(Feb) PREL
3:00 PM -- UK -- Markit Manufacturing PMI(Feb) PREL
-- Markit Services PMI(Feb) PREL
9:45 PM -- US -- Fed's Bowman speech
(End)
TNS MARKET ROUNDUP: Stocks end down on outflows, while Rupee end firm on weak dlr; Bonds fall
MUMBAI, Feb 21(TickerNews Service):
STOCKS:
Indian stock indices, Nifty and Sensex ended down on Monday spooked by uncertainty surrounding the happening in Ukraine and fear of policy tightening by all major central bank in the coming months. Most sectors were trading in the red. The 30-share Sensex closed 149.38 points or 0.26% lower at 57,683.59 on the BSE, while the 50-stock Nifty losses 69.65 points or 0.4% to close at 17,206.65 on the NSE.
***
EUROPEAN STOCKS:
European markets were choppy on Monday despite some hope emerging for a diplomatic solution to Russia-Ukraine tensions, CNBC reported on Monday.
US Markets are closed on account of President's Day.
***
RUPEE:
The Indian currency ended up on Monday tracking a weak greenback and inflows into local stocks due to improving risk sentiments on reports of summit between Joe Biden and Valdimir Putin to be held next week to deescalate tension over Ukraine standoff, provided Russia do not invade Ukraine.
Rupee in spot market ended at Rs 74.50/$1 Monday compared to previous close of Rs 74.66/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended up on Monday as some banks and importers hedged their future payables taking advantage of the appreciation in rupee.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 4.06% on Monday versus 4.04% at close on Friday.
***
GILTS:
Government bond prices ended down on Monday tracking the rise in Brent crude oil price, currently trading near $93 a barrel.
The 6.54%-2032 bond ended at Rs 98.9000, or 6.6925% yield, compared with Rs 99.1025, or 6.6641% yield, at open on Monday and Rs 99.1075, or 6.6634% yield, at close on Friday.
***
CRUDE OIL:
Brent crude oil price for April delivery traded at $93.50 a barrel at 5PM IST on Monday.
(End)
MUMBAI, Feb 21(TickerNews Service):
STOCKS:
Indian stock indices, Nifty and Sensex ended down on Monday spooked by uncertainty surrounding the happening in Ukraine and fear of policy tightening by all major central bank in the coming months. Most sectors were trading in the red. The 30-share Sensex closed 149.38 points or 0.26% lower at 57,683.59 on the BSE, while the 50-stock Nifty losses 69.65 points or 0.4% to close at 17,206.65 on the NSE.
***
EUROPEAN STOCKS:
European markets were choppy on Monday despite some hope emerging for a diplomatic solution to Russia-Ukraine tensions, CNBC reported on Monday.
US Markets are closed on account of President's Day.
***
RUPEE:
The Indian currency ended up on Monday tracking a weak greenback and inflows into local stocks due to improving risk sentiments on reports of summit between Joe Biden and Valdimir Putin to be held next week to deescalate tension over Ukraine standoff, provided Russia do not invade Ukraine.
Rupee in spot market ended at Rs 74.50/$1 Monday compared to previous close of Rs 74.66/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended up on Monday as some banks and importers hedged their future payables taking advantage of the appreciation in rupee.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 4.06% on Monday versus 4.04% at close on Friday.
***
GILTS:
Government bond prices ended down on Monday tracking the rise in Brent crude oil price, currently trading near $93 a barrel.
The 6.54%-2032 bond ended at Rs 98.9000, or 6.6925% yield, compared with Rs 99.1025, or 6.6641% yield, at open on Monday and Rs 99.1075, or 6.6634% yield, at close on Friday.
***
CRUDE OIL:
Brent crude oil price for April delivery traded at $93.50 a barrel at 5PM IST on Monday.
(End)
TNS CORP BOND/COMPILATION: List of primary issues on Monday
MUMBAI, FEB 21 (TickerNews Service): Below is the list of primary issues done by corporate on Monday:
NABARD to raise Rs 5000 cr via 3-yr-2-day bond
National Bank for Agricultural and Rural Development (NABARD) plans to raise up to Rs 5000 crore by selling bond maturing in 3 years 2 days (Feb 26, 2025). Bidding on Feb 23 between 10:30AM and 11:30AM on BSE-EBP.
***
Aditya Birla Fin to raise unspecified amount via 10-yr bond
Aditya Birla Finance plans to raise unspecified amount by selling bond maturing in 10-year at a fixed coupon of 7.65% (reissuance of 7.43%).
***
Cholamandalam Inv & Fin to raise unspecified amount via 10-yr bond
Cholamandalam Investment and Finance plans to raise unspecified amount by selling bonds maturing in 10 years at fixed coupon of 8.10%.
***
HDB Fin Services to raise Rs 500 cr via two bonds
HDB Financial Services plans to raise an aggregate amount of up to Rs 500 crore, by selling two bonds. The first bond maturing in 1-year-328-days will be sold to raise Rs 300 crore, which includes Rs 100 crore in greenshoe, while the second bond maturing in 2-year-25-days will be used to raise Rs 200 crore including Rs 100 crore in greenshoe. Bidding on Feb 22 between 11AM and 12PM on BSE-EBP.
(End)
MUMBAI, FEB 21 (TickerNews Service): Below is the list of primary issues done by corporate on Monday:
NABARD to raise Rs 5000 cr via 3-yr-2-day bond
National Bank for Agricultural and Rural Development (NABARD) plans to raise up to Rs 5000 crore by selling bond maturing in 3 years 2 days (Feb 26, 2025). Bidding on Feb 23 between 10:30AM and 11:30AM on BSE-EBP.
***
Aditya Birla Fin to raise unspecified amount via 10-yr bond
Aditya Birla Finance plans to raise unspecified amount by selling bond maturing in 10-year at a fixed coupon of 7.65% (reissuance of 7.43%).
***
Cholamandalam Inv & Fin to raise unspecified amount via 10-yr bond
Cholamandalam Investment and Finance plans to raise unspecified amount by selling bonds maturing in 10 years at fixed coupon of 8.10%.
***
HDB Fin Services to raise Rs 500 cr via two bonds
HDB Financial Services plans to raise an aggregate amount of up to Rs 500 crore, by selling two bonds. The first bond maturing in 1-year-328-days will be sold to raise Rs 300 crore, which includes Rs 100 crore in greenshoe, while the second bond maturing in 2-year-25-days will be used to raise Rs 200 crore including Rs 100 crore in greenshoe. Bidding on Feb 22 between 11AM and 12PM on BSE-EBP.
(End)
TNS INDIA TODAY - What Markets Will Watch and Why - Feb 22
LOCAL EVENTS:
3:00 PM -- Media persons are cordially invited by Vigyan Prasar to the
inauguration of ‘Vigyan Sarvatra Pujyate’
***
MINT ROAD:
10:30-11:00AM –- RBI to auction 28 day reverse repo worth Rs 50,000 cr
10:30-11:30AM -– RBI to auction 7 SDL worth Rs 12,200 cr
***
US STOCKS:
US stock markets were closed on Monday for the Presidents Day holiday. US stock index futures tumbled on Monday after Russian President Vladimir Putin recognized two breakaway regions in eastern Ukraine, increasing concerns about a major war.
Dow Jones industrial average e-mini futures fell 1.37%, S&P 500 e-mini futures slid 1.81% and Nasdaq 100 e-mini futures dropped 2.65%.
***
ASIAN STOCKS:
Asia-Pacific shares declined in Tuesday morning trade as tensions surrounding Russia and Ukraine continue to keep investors on edge. The Nikkei 225 in Japan dropped 2% in morning trade before recovering partially from some of those losses, last down 1.66% while the Topix index slipped 1.33%. In South Korea, the Kospi fell 1.2%.
The Nifty futures were trading down 93.20 points at 17,034.80 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
TUESDAY
5:20 AM -- Japan -- Corporate Service Price Index (YoY)(Jan)
6:30 AM -- Australia -- RBA's Kent speech
12:30 PM -- UK -- Public Sector Net Borrowing(Jan)
2:30 PM -- Italy -- Consumer Price Index (EU Norm)
(YoY)(Jan)
-- Consumer Price Index (YoY)(Jan)
2:30 PM -- Germany -- IFO – Business Climate(Feb)
-- IFO – Current Assessment(Feb)
-- IFO – Expectations(Feb)
4:15 PM -- UK -- BoE's Ramsden speech
7:30 PM -- US -- Housing Price Index (MoM)(Dec)
-- S&P/Case-Shiller Home Price Indices
(YoY)(Dec)
8:15 PM -- US -- Markit PMI Composite(Feb) PREL
8:30 PM -- US -- Consumer Confidence(Feb)
-- Richmond Fed Manufacturing Index(Feb)
8:30 PM -- Japan -- The Emperor's Birthday
(End)
LOCAL EVENTS:
3:00 PM -- Media persons are cordially invited by Vigyan Prasar to the
inauguration of ‘Vigyan Sarvatra Pujyate’
***
MINT ROAD:
10:30-11:00AM –- RBI to auction 28 day reverse repo worth Rs 50,000 cr
10:30-11:30AM -– RBI to auction 7 SDL worth Rs 12,200 cr
***
US STOCKS:
US stock markets were closed on Monday for the Presidents Day holiday. US stock index futures tumbled on Monday after Russian President Vladimir Putin recognized two breakaway regions in eastern Ukraine, increasing concerns about a major war.
Dow Jones industrial average e-mini futures fell 1.37%, S&P 500 e-mini futures slid 1.81% and Nasdaq 100 e-mini futures dropped 2.65%.
***
ASIAN STOCKS:
Asia-Pacific shares declined in Tuesday morning trade as tensions surrounding Russia and Ukraine continue to keep investors on edge. The Nikkei 225 in Japan dropped 2% in morning trade before recovering partially from some of those losses, last down 1.66% while the Topix index slipped 1.33%. In South Korea, the Kospi fell 1.2%.
The Nifty futures were trading down 93.20 points at 17,034.80 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
TUESDAY
5:20 AM -- Japan -- Corporate Service Price Index (YoY)(Jan)
6:30 AM -- Australia -- RBA's Kent speech
12:30 PM -- UK -- Public Sector Net Borrowing(Jan)
2:30 PM -- Italy -- Consumer Price Index (EU Norm)
(YoY)(Jan)
-- Consumer Price Index (YoY)(Jan)
2:30 PM -- Germany -- IFO – Business Climate(Feb)
-- IFO – Current Assessment(Feb)
-- IFO – Expectations(Feb)
4:15 PM -- UK -- BoE's Ramsden speech
7:30 PM -- US -- Housing Price Index (MoM)(Dec)
-- S&P/Case-Shiller Home Price Indices
(YoY)(Dec)
8:15 PM -- US -- Markit PMI Composite(Feb) PREL
8:30 PM -- US -- Consumer Confidence(Feb)
-- Richmond Fed Manufacturing Index(Feb)
8:30 PM -- Japan -- The Emperor's Birthday
(End)
TNS INDIA TODAY - What Markets Will Watch and Why - Feb 24
LOCAL EVENTS:
10:00 AM -- Commerce Minister Piyush Goyal, Bharat Forge Chairman and
MD Baba N. Kalyani, Tata Chemicals Chief Executive and MD R.
Mukundan and other corporate executives at CII Manufacturing
conclave.
-- Hero MotoCorp Chairman and Chief Executive Pawan Munjal, TVS
Motor Company Joint MD Sudarshan Venu, Tata Steel Vice
President - New Materials Business - Debashish Bhattacharjee at
Confederation of Indian Industry India-Singapore Technology
summit.
3:00 PM -- FM Nirmala Sitharaman and SIDBI Chairman and MD S. Ramann at
SIDBI national microfinance congress 2022.
***
MINT ROAD:
--- No Major Events ---
***
US STOCKS:
Wall Street's major indices ended sharply lower on Wednesday, extending their recent rout as Ukraine declared a state of emergency and the US State Department said a Russian invasion of Ukraine remains potentially imminent.
At close, Dow Jones Industrial Average fell 1.38% to 33,131.76, the S&P 500 lost 1.84% to 4,225.5 and the Nasdaq Composite dropped 2.57%, to 13,037.49.
***
ASIAN STOCKS:
Asia-Pacific shares fell on Thursday as investors continued to watch the escalating situation between Russia and Ukraine. The Shanghai composite in mainland China fell 0.32% and the Shenzhen component dropped 0.4%. Hong Kong’s Hang Seng index was down 1.3%. In Japan, the Nikkei 225 declined by 0.73%, while the Topix slid by 0.5%.
The Nifty futures were trading down 165.00 points at 16,735.50 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
THURSDAY
3:00 AM -- US -- API Weekly Crude Oil Stock(Feb 18)
6:00 AM -- Australia -- Private Capital Expenditure(Q4)
1:15 PM -- France -- Consumer Confidence(Feb)
2:30 PM -- Italy -- Industrial Sales n.s.a. (YoY)(Dec)
7:00 PM -- US -- Continuing Jobless Claims(Feb 11)
-- Core Personal Consumption Expenditures
(QoQ)(Q4) PREL
-- Gross Domestic Product Annualized(Q4)
PREL
-- Gross Domestic Product Price Index(Q4)
PREL
-- Initial Jobless Claims 4-week
average(Feb 18)
-- Personal Consumption Expenditures
Prices (QoQ)(Q4) PREL
8:30 PM -- US -- New Home Sales (MoM)(Jan)
-- EIA Natural Gas Storage Change(Feb 18)
-- EIA Crude Oil Stocks Change(Feb 18)
-- Kansas Fed Manufacturing Activity(Feb)
9:30 PM -- EMU -- ECB's Schnabel speech
10:30 PM -- US -- Fed's Mester speech
11:30 PM -- UK -- BoE's Pill speech
(End)
LOCAL EVENTS:
10:00 AM -- Commerce Minister Piyush Goyal, Bharat Forge Chairman and
MD Baba N. Kalyani, Tata Chemicals Chief Executive and MD R.
Mukundan and other corporate executives at CII Manufacturing
conclave.
-- Hero MotoCorp Chairman and Chief Executive Pawan Munjal, TVS
Motor Company Joint MD Sudarshan Venu, Tata Steel Vice
President - New Materials Business - Debashish Bhattacharjee at
Confederation of Indian Industry India-Singapore Technology
summit.
3:00 PM -- FM Nirmala Sitharaman and SIDBI Chairman and MD S. Ramann at
SIDBI national microfinance congress 2022.
***
MINT ROAD:
--- No Major Events ---
***
US STOCKS:
Wall Street's major indices ended sharply lower on Wednesday, extending their recent rout as Ukraine declared a state of emergency and the US State Department said a Russian invasion of Ukraine remains potentially imminent.
At close, Dow Jones Industrial Average fell 1.38% to 33,131.76, the S&P 500 lost 1.84% to 4,225.5 and the Nasdaq Composite dropped 2.57%, to 13,037.49.
***
ASIAN STOCKS:
Asia-Pacific shares fell on Thursday as investors continued to watch the escalating situation between Russia and Ukraine. The Shanghai composite in mainland China fell 0.32% and the Shenzhen component dropped 0.4%. Hong Kong’s Hang Seng index was down 1.3%. In Japan, the Nikkei 225 declined by 0.73%, while the Topix slid by 0.5%.
The Nifty futures were trading down 165.00 points at 16,735.50 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
THURSDAY
3:00 AM -- US -- API Weekly Crude Oil Stock(Feb 18)
6:00 AM -- Australia -- Private Capital Expenditure(Q4)
1:15 PM -- France -- Consumer Confidence(Feb)
2:30 PM -- Italy -- Industrial Sales n.s.a. (YoY)(Dec)
7:00 PM -- US -- Continuing Jobless Claims(Feb 11)
-- Core Personal Consumption Expenditures
(QoQ)(Q4) PREL
-- Gross Domestic Product Annualized(Q4)
PREL
-- Gross Domestic Product Price Index(Q4)
PREL
-- Initial Jobless Claims 4-week
average(Feb 18)
-- Personal Consumption Expenditures
Prices (QoQ)(Q4) PREL
8:30 PM -- US -- New Home Sales (MoM)(Jan)
-- EIA Natural Gas Storage Change(Feb 18)
-- EIA Crude Oil Stocks Change(Feb 18)
-- Kansas Fed Manufacturing Activity(Feb)
9:30 PM -- EMU -- ECB's Schnabel speech
10:30 PM -- US -- Fed's Mester speech
11:30 PM -- UK -- BoE's Pill speech
(End)
TNS MARKET ROUNDUP: Stocks, Rupee, Bonds end down as Russia attacks Ukraine
MUMBAI, Feb 24 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended down on Thursday took selling spree to the seventh straight session, as oil prices broke above $104 a barrel on Russian invasion of Ukraine's eastern regions and Wall Street indices overnight slipping close to a level that would confirm a correction, meaning a fall of over 10 per cent from the recent high. The 30-share Sensex closed 2702.15 points or 4.72% lower at 54,529.91 on the BSE, while the 50-stock Nifty losses 815.30 points or 4.78% to close at 16,247.95 on the NSE.
***
EUROPEAN STOCKS:
European stocks sold off sharply on Thursday after Russia began an attack on Ukraine, tipping a longstanding diplomatic crisis into a military conflict, CNBC reported on Thursday.
U.S. stock futures fell sharply early Thursday as Russia attacked Ukraine.
***
RUPEE:
The Indian currency ended over a week low Thursday after Russia ordered strikes on Ukraine causing risk averse foreign portfolio investors to pull out of Indian debt and stocks. Adding to this, the surge in Brent crude oil prices above $104 a barrel to increased the demand for the greenback from oil importers.
Rupee in spot market ended at Rs 75.65/$1 compared with Rs 75.16/$1 at open Thursday and Rs 74.55/$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 4.10%, compared with 4.15% at the previous close.
***
GILTS:
Government bond prices ended down on Thursday after Russia started its military operation against the Ukraine, pushing Brent crude oil price above $104 a barrel.
The 6.54%-2032 bond ended at Rs 98.4250 or 6.7596% yield compared with Rs 98.4000 or 6.7632% yield at open on Thursday and Rs 98.5700 or 6.7391% yield at close on Wednesday.
***
CRUDE OIL:
Brent crude oil futures traded at $105.37 a barrel at 4:20PM IST on Thursday.
(End)
MUMBAI, Feb 24 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended down on Thursday took selling spree to the seventh straight session, as oil prices broke above $104 a barrel on Russian invasion of Ukraine's eastern regions and Wall Street indices overnight slipping close to a level that would confirm a correction, meaning a fall of over 10 per cent from the recent high. The 30-share Sensex closed 2702.15 points or 4.72% lower at 54,529.91 on the BSE, while the 50-stock Nifty losses 815.30 points or 4.78% to close at 16,247.95 on the NSE.
***
EUROPEAN STOCKS:
European stocks sold off sharply on Thursday after Russia began an attack on Ukraine, tipping a longstanding diplomatic crisis into a military conflict, CNBC reported on Thursday.
U.S. stock futures fell sharply early Thursday as Russia attacked Ukraine.
***
RUPEE:
The Indian currency ended over a week low Thursday after Russia ordered strikes on Ukraine causing risk averse foreign portfolio investors to pull out of Indian debt and stocks. Adding to this, the surge in Brent crude oil prices above $104 a barrel to increased the demand for the greenback from oil importers.
Rupee in spot market ended at Rs 75.65/$1 compared with Rs 75.16/$1 at open Thursday and Rs 74.55/$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 4.10%, compared with 4.15% at the previous close.
***
GILTS:
Government bond prices ended down on Thursday after Russia started its military operation against the Ukraine, pushing Brent crude oil price above $104 a barrel.
The 6.54%-2032 bond ended at Rs 98.4250 or 6.7596% yield compared with Rs 98.4000 or 6.7632% yield at open on Thursday and Rs 98.5700 or 6.7391% yield at close on Wednesday.
***
CRUDE OIL:
Brent crude oil futures traded at $105.37 a barrel at 4:20PM IST on Thursday.
(End)
TNS INDIA TODAY - What Markets Will Watch and Why - Feb 25
LOCAL EVENTS:
10:00 AM -- Health Minister Mansukh Mandaviya, Junior Chemicals and
Fertilizers Minister Bhagwanth Khuba, Department of Chemicals
and Petrochemicals Secretary Arti Ahuja, Joint Secretary
(Petrochemicals) Kashi Nath Jha at FICCI event.
10:30 AM -- PM Narendra Modi, Defence Minister Rajnath Singh at post-budget
webinar on defence sector.
11:00 AM -- Ministry of Electronics and IT MyGov Chief Executive Officer
Abhishek Singh, Google Research India Director Manish Gupta at
FICCI webinar on artificial intelligence technology for India.
-- India Ratings and Research webinar on FY23 outlook for non-
banking finance companies and housing finance companies.
4:30 PM -- FM Nirmala Sitharaman, Niti Aayog CEO Amitabh Kant at Asia
Economic Dialogue 2022.
***
MINT ROAD:
9:00AM-09:30AM -- RBI to conduct auction to determine PDs’ underwriting
fee
10:30AM-11:00AM -– RBI to auction 14-day reverse repo worth Rs 7 lakh cr
10:30AM-11:30AM -- RBI to auction three gilts worth Rs 23,000 cr
***
US STOCKS:
US stocks ended sharply higher on Thursday, led by a 3% gain in the Nasdaq, in a dramatic market reversal as US President Joe Biden unveiled harsh new sanctions against Russia after Moscow began an all-out invasion of Ukraine. The S&P 500 rose more than 1%, ending a four-day slide amid worries over the escalating crisis. The Dow also ended in positive territory.
At close, Dow Jones Industrial Average rose 0.28% to 33,223.83, the S&P 500 gained 1.50% to 4,288.7 and Nasdaq Composite added 3.34%, to 13,473.59.
***
ASIAN STOCKS:
Asia-Pacific shares rose on Friday as investors assessed the Russia-Ukraine conflict following a massive comeback on Wall Street overnight. Japan’s Nikkei 225 was up 1.05%, while the Topix gained 0.33%. The S&P/ASX 200 in Australia advanced 0.4%.
The Nifty futures were trading up 95.50 points at 16,515.50 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
FRIDAY
5:00 AM -- Japan -- Tokyo Consumer Price Index (YoY)(Feb)
5:20 AM -- Japan -- Foreign Bond Investment(Feb 18)
5:30 AM -- EMU -- Eurogroup Meeting
5:31 AM -- UK -- GfK Consumer Confidence(Feb)
6:30 AM -- US -- Fed's Waller speech
10:30 AM -- Japan -- Coincident Index(Dec)
-- Leading Economic Index(Dec)
12:30 PM -- Germany -- Gross Domestic Product (YoY)(Q4)
-- Import Price Index (YoY)(Jan)
1:15 PM -- France -- Consumer Price Index (EU norm)
(YoY)(Feb) PREL
-- Consumer Spending (MoM)(Jan)
-- Gross Domestic Product (QoQ)(Q4)
-- Producer Prices (MoM)(Jan)
2:30 PM -- Italy -- Business Confidence(Feb)
-- Consumer Confidence(Feb)
2:30 PM -- EMU -- M3 Money Supply (YoY)(Jan)
-- Private Loans (YoY)(Jan)
3:30 PM -- Italy -- Trade Balance non-EU(Jan)
3:30 PM -- EMU -- Business Climate(Feb)
-- Consumer Confidence(Feb)
-- Economic Sentiment Indicator(Feb)
-- Industrial Confidence(Feb)
-- Services Sentiment(Feb)
4:45 PM -- EMU -- ECB's President Lagarde speech
LOCAL EVENTS:
10:00 AM -- Health Minister Mansukh Mandaviya, Junior Chemicals and
Fertilizers Minister Bhagwanth Khuba, Department of Chemicals
and Petrochemicals Secretary Arti Ahuja, Joint Secretary
(Petrochemicals) Kashi Nath Jha at FICCI event.
10:30 AM -- PM Narendra Modi, Defence Minister Rajnath Singh at post-budget
webinar on defence sector.
11:00 AM -- Ministry of Electronics and IT MyGov Chief Executive Officer
Abhishek Singh, Google Research India Director Manish Gupta at
FICCI webinar on artificial intelligence technology for India.
-- India Ratings and Research webinar on FY23 outlook for non-
banking finance companies and housing finance companies.
4:30 PM -- FM Nirmala Sitharaman, Niti Aayog CEO Amitabh Kant at Asia
Economic Dialogue 2022.
***
MINT ROAD:
9:00AM-09:30AM -- RBI to conduct auction to determine PDs’ underwriting
fee
10:30AM-11:00AM -– RBI to auction 14-day reverse repo worth Rs 7 lakh cr
10:30AM-11:30AM -- RBI to auction three gilts worth Rs 23,000 cr
***
US STOCKS:
US stocks ended sharply higher on Thursday, led by a 3% gain in the Nasdaq, in a dramatic market reversal as US President Joe Biden unveiled harsh new sanctions against Russia after Moscow began an all-out invasion of Ukraine. The S&P 500 rose more than 1%, ending a four-day slide amid worries over the escalating crisis. The Dow also ended in positive territory.
At close, Dow Jones Industrial Average rose 0.28% to 33,223.83, the S&P 500 gained 1.50% to 4,288.7 and Nasdaq Composite added 3.34%, to 13,473.59.
***
ASIAN STOCKS:
Asia-Pacific shares rose on Friday as investors assessed the Russia-Ukraine conflict following a massive comeback on Wall Street overnight. Japan’s Nikkei 225 was up 1.05%, while the Topix gained 0.33%. The S&P/ASX 200 in Australia advanced 0.4%.
The Nifty futures were trading up 95.50 points at 16,515.50 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
FRIDAY
5:00 AM -- Japan -- Tokyo Consumer Price Index (YoY)(Feb)
5:20 AM -- Japan -- Foreign Bond Investment(Feb 18)
5:30 AM -- EMU -- Eurogroup Meeting
5:31 AM -- UK -- GfK Consumer Confidence(Feb)
6:30 AM -- US -- Fed's Waller speech
10:30 AM -- Japan -- Coincident Index(Dec)
-- Leading Economic Index(Dec)
12:30 PM -- Germany -- Gross Domestic Product (YoY)(Q4)
-- Import Price Index (YoY)(Jan)
1:15 PM -- France -- Consumer Price Index (EU norm)
(YoY)(Feb) PREL
-- Consumer Spending (MoM)(Jan)
-- Gross Domestic Product (QoQ)(Q4)
-- Producer Prices (MoM)(Jan)
2:30 PM -- Italy -- Business Confidence(Feb)
-- Consumer Confidence(Feb)
2:30 PM -- EMU -- M3 Money Supply (YoY)(Jan)
-- Private Loans (YoY)(Jan)
3:30 PM -- Italy -- Trade Balance non-EU(Jan)
3:30 PM -- EMU -- Business Climate(Feb)
-- Consumer Confidence(Feb)
-- Economic Sentiment Indicator(Feb)
-- Industrial Confidence(Feb)
-- Services Sentiment(Feb)
4:45 PM -- EMU -- ECB's President Lagarde speech
7:00 PM -- US -- Personal Consumption Expenditures -
Price Index (YoY)(Jan)
-- Personal Spending(Jan)
8:30 PM -- US -- Michigan Consumer Sentiment Index(Feb)
-- Pending Home Sales (YoY)(Jan)
11:30 PM -- US -- Baker Hughes US Oil Rig Count
(End)
Price Index (YoY)(Jan)
-- Personal Spending(Jan)
8:30 PM -- US -- Michigan Consumer Sentiment Index(Feb)
-- Pending Home Sales (YoY)(Jan)
11:30 PM -- US -- Baker Hughes US Oil Rig Count
(End)
TNS MARKET ROUNDUP: Stocks, Rupee, Bonds end up on inflows following timid US sanction on Russia
MUMBAI, Feb 25 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended up on Friday tracking positive cues from global markets and took advantage of lower valuations following the massive sell-off in the previous session. Global markets took a breather as the fresh US sanctions did not target Russia's oil exports or their access to the Swift Global Payment Network. However, the market will continue to remain volatile tracking new developments in the Russia-Ukraine war. The 30-share Sensex closed 1328.61 points or 2.44% higher at 55,858.52 on the BSE, while the 50-stock Nifty gained 410.45 points or 2.53% to close at 16,658.40 on the NSE.
***
EUROPEAN STOCKS:
European stocks were higher on Friday morning, tracking a fragile global rebound as market participants assessed the impact of Western sanctions against Russia after the Kremlin launched an invasion of Ukraine, CNBC reported on Friday.
U.S. stock futures fell Friday morning following a sharp reversal on Wall Street as investors continued to assess the risks stemming from Russia’s invasion of Ukraine.
***
RUPEE:
The Indian currency ended up on LIC IPO anticipated inflows and firm local stocks even as the impact of strong dollar remains limited.
Rupee in spot market ended at Rs 75.28/$1 Friday compared to previous close of Rs 75.65/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended lower on Friday as some banks hedged their future receivables on fear of further appreciation in rupee, dealers said.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 4.07% on Friday versus 4.10% at close on Thursday.
***
GILTS:
Government bond prices ended up on Friday tracking the fall in Brent crude oil prices and US Treasury yield even as minutes of February policy reaffirmed dovish stance on net, largely hinging on weak growth narrative.
The 6.54%-2032 bond ended at Rs 98.5000 or 6.7491% yield compared with Rs 98.4950 or 6.7498% yield at open on Friday and Rs 98.98.4250 or 6.7596% yield at close on Thursday.
***
CRUDE OIL:
Brent crude oil futures traded at $98.91 a barrel at 4:50PM IST on Friday.
(End)
MUMBAI, Feb 25 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended up on Friday tracking positive cues from global markets and took advantage of lower valuations following the massive sell-off in the previous session. Global markets took a breather as the fresh US sanctions did not target Russia's oil exports or their access to the Swift Global Payment Network. However, the market will continue to remain volatile tracking new developments in the Russia-Ukraine war. The 30-share Sensex closed 1328.61 points or 2.44% higher at 55,858.52 on the BSE, while the 50-stock Nifty gained 410.45 points or 2.53% to close at 16,658.40 on the NSE.
***
EUROPEAN STOCKS:
European stocks were higher on Friday morning, tracking a fragile global rebound as market participants assessed the impact of Western sanctions against Russia after the Kremlin launched an invasion of Ukraine, CNBC reported on Friday.
U.S. stock futures fell Friday morning following a sharp reversal on Wall Street as investors continued to assess the risks stemming from Russia’s invasion of Ukraine.
***
RUPEE:
The Indian currency ended up on LIC IPO anticipated inflows and firm local stocks even as the impact of strong dollar remains limited.
Rupee in spot market ended at Rs 75.28/$1 Friday compared to previous close of Rs 75.65/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended lower on Friday as some banks hedged their future receivables on fear of further appreciation in rupee, dealers said.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 4.07% on Friday versus 4.10% at close on Thursday.
***
GILTS:
Government bond prices ended up on Friday tracking the fall in Brent crude oil prices and US Treasury yield even as minutes of February policy reaffirmed dovish stance on net, largely hinging on weak growth narrative.
The 6.54%-2032 bond ended at Rs 98.5000 or 6.7491% yield compared with Rs 98.4950 or 6.7498% yield at open on Friday and Rs 98.98.4250 or 6.7596% yield at close on Thursday.
***
CRUDE OIL:
Brent crude oil futures traded at $98.91 a barrel at 4:50PM IST on Friday.
(End)
TNS MARKET ROUNDUP: Stocks end up on Russia-Ukraine negotiation hope, while Rupee, Bonds down on outflows
MUMBAI, Feb 28 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended up on Monday after a gap-down start, the domestic equity markets witnessed a strong rebound, thanks to a rally in metal stocks and hopes for Russia-Ukraine negotiations. The 30-share Sensex closed 388.76 points or 0.70% higher at 56,247.28 on the BSE, while the 50-stock Nifty gained 135.50 points or 0.81% to close at 16,793.90 on the NSE.
***
EUROPEAN STOCKS:
European stocks were sharply lower on Monday as global markets track developments in the Russia-Ukraine crisis, CNBC reported on Monday.
U.S. stock futures moved lower early on Monday as investors grew concerned about the economic ramifications of the fighting between Russia and Ukraine.
***
RUPEE:
The Indian currency ended lower on Monday due to escalating geo-political conflict in Ukraine with US and allies impossing more severe sanctions on Russia and higher crude oil prices in international market.
Rupee in spot market ended at Rs 75.34/$1 compared with Rs 75.71/$1 at open Monday and Rs 75.28/$1 at close on Friday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended up on Monday as some banks hedged their future payables taking advantage of the appreciation in rupee.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 4.09%, compared with 4.07% at the previous close.
***
GILTS:
Government bond prices ended down on Monday tracking the surge in Brent oil prices, currently trading above $102 a barrel.
The 6.54%-2032 bond were traded at Rs 98.3500 or 6.7704% yield, compared to Rs 98.4500 or 6.7633% yield at open on Monday and Rs 98.5000 or 6.7491% yield at close on Friday.
***
CRUDE OIL:
Brent crude oil futures traded at $102.75 a barrel at 4:25PM IST on Monday.
(End)
MUMBAI, Feb 28 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended up on Monday after a gap-down start, the domestic equity markets witnessed a strong rebound, thanks to a rally in metal stocks and hopes for Russia-Ukraine negotiations. The 30-share Sensex closed 388.76 points or 0.70% higher at 56,247.28 on the BSE, while the 50-stock Nifty gained 135.50 points or 0.81% to close at 16,793.90 on the NSE.
***
EUROPEAN STOCKS:
European stocks were sharply lower on Monday as global markets track developments in the Russia-Ukraine crisis, CNBC reported on Monday.
U.S. stock futures moved lower early on Monday as investors grew concerned about the economic ramifications of the fighting between Russia and Ukraine.
***
RUPEE:
The Indian currency ended lower on Monday due to escalating geo-political conflict in Ukraine with US and allies impossing more severe sanctions on Russia and higher crude oil prices in international market.
Rupee in spot market ended at Rs 75.34/$1 compared with Rs 75.71/$1 at open Monday and Rs 75.28/$1 at close on Friday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended up on Monday as some banks hedged their future payables taking advantage of the appreciation in rupee.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 4.09%, compared with 4.07% at the previous close.
***
GILTS:
Government bond prices ended down on Monday tracking the surge in Brent oil prices, currently trading above $102 a barrel.
The 6.54%-2032 bond were traded at Rs 98.3500 or 6.7704% yield, compared to Rs 98.4500 or 6.7633% yield at open on Monday and Rs 98.5000 or 6.7491% yield at close on Friday.
***
CRUDE OIL:
Brent crude oil futures traded at $102.75 a barrel at 4:25PM IST on Monday.
(End)