TNS INDIA TODAY - What Markets Will Watch and Why - Mar 2

LOCAL EVENTS:
10:15 AM -- Minister of State for Electronics and IT Rajeev
Chandrasekhar, Paytm President - Enterprise Functions –
Deepankar Sanwalka at ASSOCHAM webinar on global privacy and
data protection.
10:30 AM –- Markit India manufacturing PMI
12:00 PM -- FM Nirmala Sitharaman, Finance Secretary T.V. Somanathan at
launch of e-bill processing system.
***
MINT ROAD:
10:30AM-11:30AM -– RBI to auction 3 T-Bills worth Rs 38000 cr
***
US STOCKS:
Wall Street ended sharply lower on Tuesday, with financial stocks bearing much of the damage for a second straight day as the Russia-Ukraine crisis deepened and stirred anxiety among investors. Ten of the 11 S&P 500 sector indexes fell, led by financials, down 3.7%.
At close, Dow Jones Industrial Average fell 1.76% to 33,294.95, the S&P 500 lost 1.55% to 4,306.24 and the Nasdaq Composite dropped 1.59%, to 13,532.46.
***
ASIAN STOCKS:
Asian-Pacific shares were mixed in Wednesday morning trade as the ongoing Russia-Ukraine conflict continued to lead to a surge in oil prices. The Nikkei 225 in Japan dropped 1.22% in morning trade while the Topix index shed 1.25%. South Korea’s Kospi rose 0.15%. Australia’s S&P/ASX 200 rose 0.34% on the back of positive economic data.
The Nifty futures were trading up 25.75 points at 16,527.80 at 8:31 AM IST in Singapore.
***
GLOBAL EVENTS:

WEDNESDAY
5:20 AM -- Japan -- Capital Spending(Q4)
5:31 AM -- UK -- BRC Shop Price Index (YoY)(Jan)
6:00 AM -- Australia -- Gross Domestic Product (YoY)(Q4)
7:30 AM -– US -- President Biden speech
12:30 PM -- UK -- Nationwide Housing Prices n.s.a
(YoY)(Feb)
1:15 PM -- France -- Budget(Jan)
1:30 PM -- Spain -- Unemployment Change(Feb)
2:25 PM -- Germany -- Unemployment Change(Feb)
2:30 PM -- US -- OPEC Meeting
3:30 PM -- EMU -- ECB’s Schnabel speech
-- HICP (YoY)(Feb) PREL
4:30 PM –- EMU -- ECB’s De Guindos speech
5:30 PM -- US -- MBA Mortgage Applications(Feb 25)
6:30 PM -- Singapore -- Purchasing Managers Index(Feb)
6:45 PM -- US -- ADP Employment Change(Feb)
8:00 PM -- US -- Fed's Bullard speech
8:30 PM -- US -- Fed's Chair Powell testifies
9:00 PM -- US -- EIA Crude Oil Stocks Change(Feb 25)
9:30 PM –- EMU -- ECB’s Lane speech

(End)

TNS MARKET ROUNDUP: Stocks, rupee, bonds end down on outflows as Ukraine war intensifies

MUMBAI, Mar 2 (TickerNews Service):

STOCKS:
The Indian stock indices, Nifty and Sensex ended down on Wednesday as the negative effect weak Q3 GDP data and downgrade of FY22 growth to 8.9% from 9.2% was seen more on the large-caps segment. However, volatility is expected in the near term given crude price are boiling, state election outcome, and Fed policy status, in the coming weeks. The 30-share Sensex closed 778.38 points or 1.38% lower at 55,465.90 on the BSE, while the 50-stock Nifty lost 187.95 points or 1.12% to close at 16,605.95 on the NSE.
***
EUROPEAN STOCKS:
European stocks were uncertain on Wednesday as the geopolitical crisis between Russia and Ukraine continues, CNBC reported on Wednesday.
U.S. Stock futures were choppy on Wednesday morning as oil prices continued to surge amid the ongoing conflict between Russia and Ukraine.
***
RUPEE:
The Indian currency ended at near three months low Wednesday tracking the strength of the dollar and surging Brent crude oil prices due to escalating war in Ukraine.
Rupee in spot market ended at Rs 75.70/$1 compared with Rs 75.76/$1 at open Wednesday and Rs 75.34/$1 at close on Monday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended tad down Wednesday as some 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 4.08%, compared with 4.09% at the previous close.
***
GILTS:
Government bond prices ended down on Wednesday tracking the sharp surge in Brent crude oil price, currently trading above $110 a barrel.
The 6.54%-2032 bond ended at Rs 98.0400 or 6.8145% yield compared with Rs 98.2000 or 6.7917% yield at open on Wednesday and Rs 98.3500 or 6.7704% yield at close on Monday.
***
CRUDE OIL:
Brent crude oil futures traded at $110.35 a barrel at 4:15PM IST on Wednesday.

(End)

TNS INDIA TODAY - What Markets Will Watch and Why - Mar 3

LOCAL EVENTS:
9:00 AM -- Electronics & IT Minister Ashwini Vaishnaw at NIC Tech
conclave.
10:30 AM –- Markit India Services PMI.
11:00 AM -- PM Narendra Modi, Commerce Minister Piyush Goyal, DPIIT
Secretary Anurag Jain, Niti Aayog Chief Executive Amitabh
Kant and corporates at ASSOCHAM webinar on “Make in India for
the World.
4:00 PM –- Media briefing on the actions taken, preparedness and updates
on Covid-19.
***
MINT ROAD:
--- No Major Events ---
***
US STOCKS:
Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell signalled the central bank would likely raise interest rates less than some investors had feared.
At close, Dow Jones Industrial Average rose 1.79% to 33,891.35, the S&P 500 gained 1.86% to 4,386.54 and the Nasdaq Composite climbed 1.62%, to 13,752.02.
***
ASIAN STOCKS:
Asia-Pacific shares crept higher on Thursday after reassuring comments from the Federal Reserve helped Wall Street rally, though the war in Ukraine sent oil and resource prices spiralling ever higher in a grim omen for global inflation. MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.4% and away from its recent 15-month low. Japan's Nikkei added 1.0%, while the rush to commodities lifted resource-rich Australia 0.9%.
The Nifty futures were trading up 15.45 points at 16,673.20 at 8:31 AM IST in Singapore.
***
GLOBAL EVENTS:

THURSDAY
12:30 AM -- US -- Fed's Beige Book
1:30 AM -- UK -- BoE's Cunliffe speech
3:00 AM -- Australia -- AiG Performance of Construction
Index(Feb)
3:30 AM -- Australia -- Commonwealth Bank Services PMI(Feb)
5:20 AM -- Japan -- Foreign Bond Investment(Feb 25)
5:30 AM -- New Zealand -- ANZ Commodity Price(Feb)
6:00 AM -- Japan -- Jibun Bank Services PMI(Feb)
6:00 AM -- Australia -- Building Permits (YoY)(Jan)
-- Trade Balance (MoM)(Jan)
7:15 AM -- China -- Caixin Services PMI(Feb)
10:30 AM -- Japan -- Consumer Confidence Index(Feb)
1:00 PM -- Switzerland -- Consumer Price Index (YoY)(Feb)
1:45 PM -- Spain -- Markit Services PMI(Feb)
2:15 PM -- Italy -- Markit Services PMI(Feb)
2:20 PM -- France -- Markit Services PMI(Feb)
2:25 PM -- Germany -- Markit Services PMI(Feb)
2:30 PM -- Italy -- Unemployment(Jan)
2:30 PM -- EMU -- Markit Services PMI(Feb)
3:00 PM -- UK -- Markit Services PMI(Feb)
3:30 PM -- EMU -- Producer Price Index (YoY)(Jan)
-- Unemployment Rate(Jan)
6:00 PM -- US -- Challenger Job Cuts(Feb)
6:00 PM -- EMU -- ECB Monetary Policy Meeting Accounts
7:00 PM -- US -- Initial Jobless Claims (Feb 25)
-- Nonfarm Productivity(Q4)
8:15 PM -- US -- Markit Services PMI(Feb)
8:30 PM -- US -- Factory Orders (MoM)(Jan)
-- Fed's Chair Powell testifies
-- ISM Services PMI(Feb)
9:00 PM -- US -- EIA Natural Gas Storage Change(Feb
25)

(End)

TNS MARKET ROUNDUP: Stocks, Rupee, Bonds down on Russia-Ukraine conflict

MUMBAI, Mar 3 (TickerNews Service):

STOCKS:
The Indian stock indices, Nifty and Sensex ended down on Thursday as gains in information technology stocks offset losses in financials, while surging crude oil prices due to supply disruptions from Russian sanctions kept investor sentiment in check. The 30-share Sensex closed 366.22 points or 0.66% lower at 55,102.68 on the BSE, while the 50-stock Nifty lost 107.90 points or 0.65% to close at 16,498.05 on the NSE.
***
EUROPEAN STOCKS:
European stocks were choppy on Thursday as tensions remained high over the Russia-Ukraine crisis, CNBC reported on Thursday.
U.S. stock index futures were muted in early morning trading Thursday, after the major averages finished the day higher despite escalating tensions between Russia and Ukraine.
***
RUPEE:
The Indian currency ended down on Thursday tracking strong dollar index and oil importers demand as supply issue persists due to Ukraine crisis woes amid weak local stocks.
Rupee in spot market ended at Rs 75.91/$1 compared with Rs 75.75/$1 at open Thursday and Rs 75.70/$1 at close on Wednesday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended down on Wednesday 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 4.06%, compared with 4.08% at the previous close.
***
GILTS:
Government bond prices ended down on Thursday tracking the surge in US Treasury yields and Brent oil prices due to escalating tension over Russia's invasion of Ukraine.
The 6.54%-2032 bond ended at Rs 97.9600 or 6.8260% yield compared with Rs 97.8400 or 6.8431% yield at open on Thursday and Rs 98.0400 or 6.8145% yield at close on Wednesday.
***
CRUDE OIL:
Brent crude oil futures traded at $115.05 a barrel at 4PM IST on Thursday.

(End)

TNS INDIA TODAY - What Markets Will Watch and Why - Mar 4

LOCAL EVENTS:
9:00 AM -- Federation of Automobile Dealers Associations to release
February auto industry sales data.
10:00 AM -- PM Narendra Modi, Power Minister R.K. Singh, Ministry of New
and Renewable Energy Secretary Indu Shekhar Chaturvedi at a
post-budget webinar on renewable energy.
10:30 AM –- Markit India services PMI
-- MSME Minister Narayan Rane, Minister of State for MSME Bhanu
Pratap Singh Verma at International summit.
***
MINT ROAD:
10:30AM-11:00AM -– RBI to auction 7-day reverse repo worth Rs 3 lakh cr
***
US STOCKS:
US stocks initially rose, extending a rally on Wednesday after Powell eased widely held expectations of a 50 basis-point hike in interest rates when policymakers meet in two weeks. But stocks later fell after Powell told a Senate committee in a second day of testimony before Congress that Russia's war in Ukraine could hit the US economy from higher prices to dampened spending and investment.
At close, Dow Jones Industrial Average fell 0.29% to 33,794.66, the S&P 500 lost 0.53% to 4,363.49 and Nasdaq Composite dropped 1.56%, to 13,537.94.
***
ASIAN STOCKS:
Asia-Pacific shares slipped in Friday trade as investors remain on edge over Russia’s invasion of Ukraine. The Nikkei 225 in Japan slipped 2.47% while the Topix index shed 1.99%.
The Nifty futures were trading down 128.50 points at 16,279.50 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:

FRIDAY
2:30 AM -- New Zealand -- ANZ – Roy Morgan Consumer
Confidence(Feb)
4:30 AM -- US -- Fed's Williams speech
5:00 AM --Japan -- Unemployment Rate(Jan)
10:30 AM -- Singapore -- Retail Sales (YoY)(Jan)
12:30 PM -- Germany -- Current Account n.s.a.(Jan)
-- Trade Balance s.a.(Jan)
1:15 PM -- France -- Industrial Output (MoM)(Jan)
2:30 PM -- Italy -- Gross Domestic Product (YoY)(Q4)
3:00 PM -- UK -- Markit Construction PMI(Feb)
3:30 PM -- EMU -- Retail Sales (YoY)(Jan)
7:00 PM -- US -- Nonfarm Payrolls(Feb)
-- Unemployment Rate(Feb)
11:30 PM -- US -- Baker Hughes US Oil Rig Count

(End)

TNS REPEAT/MARKET ROUNDUP: Stocks, Rupee at record low, Bonds drop on report US may ban import of Russian oil
(Repeats to add rupee ends at record low)
MUMBAI, Mar 7(TickerNews Service):

STOCKS:
The Indian stock indices, Nifty and Sensex ended down on Monday as prospects of US and its allies imposing sanctions on Russian crude oil exports lifted Brent to $139 a barrel level, its highest since July 2008. This resulted in a risk-off trade globally as it can impact global growth and aggravate inflationary pressures. The 30-share Sensex closed 1491.06 points or 2.74% lower at 52,842.75 on the BSE, while the 50-stock Nifty lost 382.20 points or 2.35% to close at 15,863.15 on the NSE.
***
EUROPEAN STOCKS:
European stocks tumbled on Monday after news that the U.S. and European allies are considering a ban on Russian oil imports, posing a risk of global “stagflation.”, CNBC reported on Monday.
U.S. equity futures fell Sunday evening as U.S. oil price momentarily jumped to their highest level since 2008 amid the ongoing war between Russia and Ukraine.
***
RUPEE:
The Indian currency ended at record low on Monday tracking the strength of the dollar index and uptick in oil prices on report US and allies plans to bank import of Russian oil. The impact of the report was also felt on local stocks and debt with FPIs pulling out.
Rupee in spot market ended at Rs 76.96/$1 compared with Rs 76.93/$1 at open Monday and Rs 76.16/$1 at close on Friday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended up on Monday as some importers and banks paid in forward on fear that spot pair may spike over Rs 77/$1 and might hit Rs 77.50 by weekend.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 4.11%, compared with 4.06% at the previous close.
***
GILTS:
Government bond prices ended down on Monday on selling by FPIs as globally risk off sentiments gained ground following report US plans to ban import of Russian oil, pushing Brent crude oil to trade over $130 a barrel during morning trade.
The 6.54%-2032 bond, the current 10-year benchmark bond, traded at Rs 97.5300 or 6.8877 versus opened at 98.0000 or 6.8204 on Monday versus Rs 98.0500, or 6.8132% yield, at close on Friday.
***
CRUDE OIL:
Brent crude oil futures traded at $124.70 a barrel at 5PM IST on Monday.

(End)

TNS CORRECT/INDIA TODAY - What Markets Will Watch and Why - Mar 8

(Corrects USD/INR 2-yr sell/buy swap worth $5 bln vs $500 bln noted earlier)

LOCAL EVENTS:
8:30 AM -- Minister of State for Electronics and IT Minister Rajeev
Chandrasekhar at India Global forum.
10:00 AM -- Prime Minister Narendra Modi at a post-budget webinar on
‘Financing for growth and aspirational economy.’
4:00 PM -– Union Minister for Power and New & Renewable Energy, R.K
Singh to launch the Virtual Smart Grid Knowledge Center and
Innovation Park as part of Azadi ka Amrit Mahotsav Programme.
***
MINT ROAD:
10:30-11:30AM -– RBI to auction 8 SDL worth Rs 15,290 cr
10:30-11:30AM –- RBI to auction USD/INR 2-year Sell/Buy Swap worth $5 bln
***
US STOCKS:
Wall Street's main indices fell sharply on Monday, with the Nasdaq Composite confirming it was in a bear market, as the prospect of a ban on oil imports from Russia sent crude prices soaring and fuelled concerns about rising inflation. Nasdaq ended down 20.1% from its November 19 record high close, confirming that the tech-heavy index has been in a bear market since hitting that record high, according to a widely used definition. That marks the Nasdaq's first bear market since 2020, when the coronavirus outbreak crushed global economies.
At close, Dow Jones Industrial Average fell 2.37% to 32,817.38, the S&P 500 lost 2.95% to 4,201.08 and the Nasdaq Composite dropped 3.62%, to 12,830.96.
***
ASIAN STOCKS:
Asia-Pacific shares mostly dipped in Tuesday trade, following heavy losses for the major indexes overnight stateside as the Russia-Ukraine war continues to keep investors on edge. In Japan, the Nikkei 225 slipped 0.14% while the Topix index shed 0.41%. South Korea’s Kospi dipped 0.33%.
The Nifty futures were trading up 65.75 points at 15,748.80 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
TUESDAY
1:30 AM -- US -- Consumer Credit Change(Jan)
5:00 AM -- Japan -- Labor Cash Earnings (YoY)(Jan)
5:20 AM -- Japan -- Current Account n.s.a.(Jan)
-- Trade Balance - BOP Basis(Jan)
5:31 AM -- UK -- BRC Like-For-Like Retail Sales
(YoY)(Feb)
6:00 AM -- Australia -- National Australia Bank's Business
Conditions(Feb)
-- Eco Watchers Survey
12:30 PM -- Germany -- Industrial Production n.s.a. w.d.a.
(YoY)(Jan)
1:30 PM -- Spain -- Industrial Output Cal Adjusted
(YoY)(Jan)
2:30 PM -- Italy -- Retail Sales n.s.a (YoY)(Jan)
3:30 PM -- EMU -- Employment Change (YoY)(Q4)
-- Gross Domestic Product s.a. (YoY)(Q4)
4:30 PM -- US -- NFIB Business Optimism Index(Feb)
7:00 PM -- US -- Goods and Services Trade Balance(Jan)
7:25 PM -- US -- Redbook Index (YoY)(Mar 4)
8:30 PM -- US -- IBD/TIPP Economic Optimism (MoM)(Mar)
-- Wholesale Inventories(Jan)

(End)