TNS INDIA TODAY - What Markets Will Watch and Why - Mar 24

LOCAL EVENTS:
9:30 AM -- Health Minister Mansukh Mandaviya, Minister of State for
Health Bharati Pravin Pawar at World TB Day Summit in New
Delhi.
3:30 PM -- Minister of State for Chemicals and Fertilizers Bhagwanth
Khuba and Drugs Controller General of India V.G. Somani at
OPPI annual summit on healthcare.
***
MINT ROAD:
---- NO MAJOR EVENTS ----
***
US STOCKS:
Wall Street pushed stocks and Treasury yields down on Wednesday after both had powered higher earlier in the week as investors took in the strength of the economy and hawkish comments from US policymakers.
At close, Dow Jones Industrial Average fell 1.29% to 34,358.5, the S&P 500 lost 1.23% to 4,456.2 and the Nasdaq Composite dropped 1.32%, to 13,922.60.
***
ASIAN STOCKS:
Chinese shares slipped, following other markets in Asia-Pacific on Thursday, as oil prices jumped around 5% on Wednesday. Hong Kong’s Hang Seng index fell 1.08% in early trade. In mainland China, the Shanghai composite declined 0.78% while the Shenzhen component shed 1.166%. The Nikkei 225 in Japan declined 1.4%, shedding some of its 3% jump from Wednesday. The Topix index fell 1.21%.
The Nifty futures were trading down 43.85 points at 17,211.80 at 8:31 AM IST in Singapore.
***
GLOBAL EVENTS:

THURSDAY
3:30 AM -- Australia -- Commonwealth Bank Composite PMI(Mar)
PREL
5:20 AM -- Japan -- BoJ Monetary Policy Meeting Minutes
6:00 AM -- Japan -- Jibun Bank Manufacturing PMI(Mar) PREL
-- Jibun Bank Services PMI(Mar) PREL
1:15 PM -- France -- Business Climate in Manufacturing(Mar)
1:45 PM -- France -- Markit PMI Composite(Mar) PREL
2:00 PM -- Germany -- Markit PMI Composite(Mar) PREL
2:00 PM -- Switzerland -- SNB Interest Rate Decision
-- SNB Monetary Policy Assessment
2:30 PM -- EMU -- Economic Bulletin
-- Markit PMI Composite(Mar) PREL
3:00 PM -- UK -- Markit Manufacturing PMI(Mar) PREL
-- Markit Services PMI(Mar) PREL
3:00 PM -- EMU -- ECB’s Elderson speech
4:00 PM -- UK -- FPC Meeting Minutes
-- FPC Statement
6:00 PM -- US -- Current Account(Q4)
-- Initial Jobless Claims
6:30 PM -- EMU -- ECB’s Elderson speech
6:40 PM -- US -- Fed's Waller speech
7:15 PM -- US -- Markit PMI Composite(Mar) PREL
7:20 PM -- US -- Fed’s Evans speech
8:00 PM -- US -- EIA Natural Gas Storage Change(Mar 18)
8:30 PM -- US -- Fed’s Bostic speech
-- Kansas Fed Manufacturing Activity(Mar)

(End)

TNS MARKET ROUNDUP: Stocks, Rupee, Bonds end down on outflows; NATO Summit eyed

MUMBAI, Mar 24(TickerNews Service):

STOCKS:
The Indian stock indices, Nifty and Sensex ended down on Thursday's trade as a surge in global crude oil prices and prospects of US Fed raising interest rate by 50 basis points in May policy added to the already fragile investor sentiment that is dented by the ongoing Russia-Ukraine war. However, an upbeat global market mood kept downside in check. The 30-share Sensex closed 89.14 points or 0.15% lower at 57,595.68 on the BSE, while the 50-stock Nifty lost 22.90 points or 0.13% to close at 17,222.75 on the NSE.
***
EUROPEAN STOCKS:
European stocks were slightly higher on Thursday with regional investors keeping a close eye on developments in Ukraine, and key meetings of NATO, EU and G-7 leaders in Brussels, CNBC reported on Thursday.
U.S. equity futures were little changed in extended trading Wednesday after stocks retreated from a mini-comeback to resume losses in the trading session as investors continued to juggle a number of risks, including the Federal Reserve’s inflation flight and Russia’s war in Ukraine.
***
RUPEE:
The Indian currency ended down Thursday due to likely outflows from local stocks and oil importers demand amid a strong dollar, even as investors await the outcome of NATO summit to settle Russia-Ukraine war.
Rupee in spot market ended at Rs 76.36/$1 compared with Rs 76.34/$1 at open Thursday and Rs 76.30/$1 at close on Wednesday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended higher on Thursday as some importers paid in forward on fear spot pair may spike to Rs 76.50/$1.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 4.03%, compared with 3.91% at the previous close.
***
GILTS:
Government bond prices ended down on Thursday following rise in US Treasury yields and oil prices currently trading above $120.
The 6.54%-2032 bond traded at Rs 97.9100 or 6.8340% yield compared with Rs 97.9000 or 6.8355% yield at open on Thursday and Rs 97.9300 or 6.8311% yield at close on Wednesday.
***
CRUDE OIL:
Brent crude oil futures traded at $121.87 a barrel at 4:20PM IST on Thursday.

(End)

TNS MARKET ROUNDUP: Stocks end down on profit booking, Rupee up as dlr weakens; Bonds firm


MUMBAI, Mar 25(TickerNews Service):

STOCKS:
The Indian stock indices, Nifty and Sensex ended down Friday after the recent rally, due to increase in commodity prices, tightening monetary policy and inflationary pressure. Domestic market is showing strong resilience but to sustain the trend a lot will depend on the outcome of the war & commodity prices. Ease in COVID restrictions in India is a boost for sectors like hospitality, multiplex, transportation etc, leading to the outperformance. The 30-share Sensex closed 233.48 points or 0.41% lower at 57,362.20 on the BSE, while the 50-stock Nifty lost 69.75 points or 0.4% to close at 17,153.00 on the NSE.
***
EUROPEAN STOCKS:
European markets were mixed on Friday, as investors continued to monitor the war in Ukraine and assess the outlook for global monetary policy, CNBC reported on Friday.
U.S. stock futures were little changed on Friday morning after a bounce-back session on Wall Street.
***
RUPEE:
The Indian currency ended up on Friday tracking the weakness in the American currency and easing oil prices.
Rupee ended at Rs 76.19/$1 Friday compared to previous close of Rs 76.36/$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.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 3.87% on Friday versus 3.92% at close on Thursday.
***
GILTS:
Government bond prices ended up on Friday on easing oil prices and also due to lack of fresh supply till March-end.
The 6.54%-2032 bond ended at Rs 98.0675 or 6.8116% yield compared with Rs 97.9800 or 6.8241% yield at open on Friday and Rs 97.9100 or 6.8340% yield at close on Thursday.
***
CRUDE OIL:
Brent crude oil futures traded at $117.71 a barrel at 4:15PM IST on Friday.

(End)

TNS INDIA TODAY - What Markets Will Watch and Why - Mar 28

LOCAL EVENTS:
---- NO MAJOR EVENTS ----
***
MINT ROAD:
---- NO MAJOR EVENTS ----
***
US STOCKS:
The S&P 500 ended higher on Friday as financial shares rose after the benchmark Treasury yield jumped to its highest level in nearly three years. The Nasdaq ended lower, and tech and other big growth names mostly declined, but they finished off session lows following a late-session rally.
At close, Dow Jones Industrial Average rose 0.44% to 34,861.24, the S&P 500 gained 0.51% to 4,543.06 and the Nasdaq Composite dropped 0.16%, to 14,169.30.
***
ASIAN STOCKS:
Asian shares stalled and oil prices slid on Monday as coronavirus lockdown in Shanghai looked set to hit global activity, while throwing another wrench into supply chains that could add to inflationary pressures. Early action on Monday was muted with MSCI's broadest index of Asia-Pacific shares outside Japan off 0.1%.
The Nifty futures were trading up 50.65 points at 17,267.20 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
MONDAY, MAR 28
4:30 PM -- UK -- BoE’s Governor Bailey speech
6:00 PM -- US -- Goods Trade Balance(Feb) PREL
-- Wholesale Inventories(Feb) PREL
8:00 PM -- US -- Dallas Fed Manufacturing Business
Index(Mar)

(End)

TNS MARKET ROUNDUP: Stocks, Rupee end up on inflows; Bonds fall as US ylds surge

MUMBAI, Mar 28(TickerNews Service):

STOCKS:
The Indian stock indices, Nifty and Sensex ended up on Monday on positive global cues and hopes of RBI opting for status quo at its policy meet scheduled during the first week of April. The resumption of international flights energised hospitality stocks while the ongoing consolidation in the Media sector and positive tailwinds in the Telecom space lent ammunition to the Bulls. The 30-share Sensex closed 231.29 points or 0.40% higher at 57,593.49 on the BSE, while the 50-stock Nifty gained 69.00 points or 0.4% to close at 17,222.00 on the NSE.
***
EUROPEAN STOCKS:
European stocks moved higher on Monday as investors continue monitoring developments in the war between Ukraine and Russia, CNBC reported on Monday.
US stock futures were lower early Monday morning as investors look ahead to a series of key economic reports and continue to keep a close eye on the Federal Reserve’s planned interest rate hikes.
***
RUPEE:
The Indian currency Dollar/rupee ended up Monday on intervention by the Reserve Bank of India to support rupee and likely inflows into local stocks. Adding to this, exporters sold dollar for year-end balancing of accounts.
Rupee in spot market ended at Rs 76.15/$1 Thursday compared to previous close of Rs 76.19/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended lower on Monday as some exporters and banks hedged their future receivables after USD/INR spot rise to Rs 76.25/$1, dealers said.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 3.73% on Monday versus 3.87% at close on Friday.
***
GILTS:
Government bond prices ended down on Monday due to lack of supply and surged in US Treasury yields.
The 6.54%-2032 bond ended at Rs 97.8950 or 6.8364% yield compared with Rs 97.8000 or 6.8500% yield at open on Monday and Rs 98.0675 or 6.8116% yield at close on Friday
***
CRUDE OIL:
Brent crude oil futures traded at $115.97 a barrel at 4:15PM IST on Monday.

(End)

TNS INDIA TODAY - What Markets Will Watch and Why - Mar 29

LOCAL EVENTS:
10:00AM -- Veranda Learning Solutions IPO opens for subscription in Mumbai.
11:00AM -- Civil Aviation Minister Jyotiraditya Scindia at Schneider Electric webinar on sustainable airports.
12:30PM -- Prime Minister Narendra Modi to address event for beneficiaries of Pradhan Mantri Awas Yojana Gramin.
4:00PM -- IL&FS Chairman Uday Kotak at a press conference in Mumbai.
***
MINT ROAD:
10:30AM-11:00AM -- RBI to auction 2-day reverse repo worth Rs 3 lac cr
10:30AM-11:30AM -- RBI to auction 17 SDL worth Rs 37,353 cr
***
US STOCKS:
The S&P 500 rose for a third day on Monday, as a sharp climb in shares of Tesla overshadowed weakness in energy and bank stocks, while Russia and Ukraine were poised to hold their first face-to-face peace talks in more than two weeks.
At close, Dow Jones Industrial Average rose 0.27% to 34,955.89, the S&P 500 gained 0.71% to 4,575.52 and the Nasdaq Composite added 1.31%, to 14,354.90.
***
ASIAN STOCKS:
Stocks across Asia-Pacific rose, following a tumble in oil prices overnight. Bitcoin meanwhile surged past a key level, and the yen continued to weaken. Hong Kong’s Hang Seng index jumped 0.77% in early trade. Mainland China’s Shanghai composite gained 0.31% while the Shenzhen component was up 0.51%. Japan’s Nikkei 225 was 0.8% higher, while the Topix rose 0.69%.
The Nifty futures were trading up 129.40 points at 17,405.80 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
TUESDAY
5:00 AM -- Japan -- Jobs / Applicants Ratio(Feb)
-- Unemployment Rate(Feb)
5:20 AM -- Japan -- BoJ Summary of Opinions
6:00 AM -- Australia -- Retail Sales s.a. (MoM)(Feb)
11:30 AM -- Germany -- Gfk Consumer Confidence Survey(Apr)
-- Import Price Index (YoY)(Feb)
12:15 PM -- France -- Consumer Confidence(Mar)
12:30 PM --Spain -- Retail Sales (YoY)(Feb)
2:00 PM -- UK -- Consumer Credit(Feb)
-- M4 Money Supply (YoY)(Feb)
-- Mortgage Approvals(Feb)
-- Net Lending to Individuals (MoM)(Feb)
4:30 PM -- UK -- BoE Quarterly Bulletin(Q1)
6:25 PM -- US -- Redbook Index (YoY)(Mar 25)
6:30 PM -- US -- Fed's Williams speech
-- Housing Price Index (MoM)(Jan)
-- S&P/Case-Shiller Home Price Indices
(YoY)(Jan)
7:30 PM -- US -- JOLTS Job Openings(Feb)
10:00 PM -- Switzerland -- SNB’s Zurbrugg speech

(End)

TNS MARKET ROUNDUP: Peace talks between Ukraine and Russia lift Stocks, Rupee, Bonds

MUMBAI, Mar 29 (TickerNews Service):

STOCKS:
The Indian stock indices, Nifty and Sensex ended up on Tuesday on firm global mood, fall in crude oil prices and peace talks between Russia-Ukraine gave market bulls a leg up on Tuesday. The buying was largely broad-based with media & metal packs under pressure in early session. The 30-share Sensex closed 350.16 points or 0.61% higher at 57,943.65 on the BSE, while the 50-stock Nifty gained 103.30 points or 0.6% to close at 17,325.30 on the NSE.
***
EUROPEAN STOCKS:
European stocks advanced on Tuesday ahead of another round of Ukraine-Russia talks, CNBC reported on Tuesday.
US stock futures rose Tuesday morning, putting the major averages on track to build on the previous session’s gains, as traders awaited key economic data.
***
RUPEE:
The Indian currency ended up due to weakness of the American currency in overseas market lifted investors sentiments causing inflows into equities supported by easing crude oil prices.
Rupee in spot market ended at Rs 75.98/$1 Tuesday compared to previous close of Rs 76.15/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended higher on Tuesday as some importers hedged their future payables taking advantage of the fall in spot pair below Rs 76.00/$1.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 3.79% on Tuesday versus 3.73% at close on Monday.
***
GILTS:
Government bond prices ended up on Tuesday tracking the fall in Brent crude oil prices and US Treasury yields.
The 6.54%-2032 bond ended at Rs 98.0000 or 6.8214% yield compared with Rs 97.9600 or 6.8271% yield at open on Tuesday and Rs 98.8950 or 6.8364% yield at close on Monday.
***
CRUDE OIL:
Brent crude oil futures traded at $114.60 a barrel at 4:15 PM IST on Tuesday.

(End)