TNS MARKET ROUNDUP: Stocks, Rupee, Bonds down ahead of CPI, IIP data
MUMBAI, April 12(TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended down on Tuesday ahead of the domestic and U.S. inflation data due later in the day, with investors focusing on earnings season for cues on the impact of price surge on companies. The weakness in broader market was more than in benchmarks with BSE Midcap and Smallcap indices declining over 1.5% each. The 30-share Sensex closed 388.20 points or 0.66% lower at 58,576.37 on the BSE, while the 50-stock Nifty lost 144.65 points or 0.82% to close at 17,530.30 on the NSE.
***
EUROPEAN STOCKS:
European markets sank Tuesday morning as traders monitored heaving selling in the banking sector, and looked ahead to key central bank meetings and U.S. inflation prints, CNBC reported on Tuesday.
US stock futures declined in early morning trading as investors braced for a key inflation report Tuesday.
***
RUPEE:
The Indian currency ended down on Tuesday tracking sell-off in domestic equities and strong dollar as global risk aversion increased fears the Fed may hike rates aggressively if March inflation comes on the upper side of expectation.
Rupee in spot market ended at Rs 76.13/$1 compared with Rs 76.02/$1 at open Tuesday and Rs 75.95/$1 at close on Monday. .
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended down on Tuesday as some exporters and banks covered their open dollar position taking advantage of spike in spot pair, dealers said.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 3.93%, compared with 3.95% at the previous close.
***
GILTS:
Government bond prices ended down on Tuesday due to rise in US Treasury yields and selling ahead of the weekly bond auction even as investors remain cautious ahead of the release of CPI data.
The 6.54%-2032 bond ended at Rs 95.4850 or 7.1895% yield compared with Rs 95.5500 or 7.1799% yield at open on Tuesday and Rs 95.7600 or 7.1486% yield at close on Monday.
***
CRUDE OIL:
Brent crude oil futures traded at $101.89 a barrel at 4PM IST on Tuesday.
(End)
MUMBAI, April 12(TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended down on Tuesday ahead of the domestic and U.S. inflation data due later in the day, with investors focusing on earnings season for cues on the impact of price surge on companies. The weakness in broader market was more than in benchmarks with BSE Midcap and Smallcap indices declining over 1.5% each. The 30-share Sensex closed 388.20 points or 0.66% lower at 58,576.37 on the BSE, while the 50-stock Nifty lost 144.65 points or 0.82% to close at 17,530.30 on the NSE.
***
EUROPEAN STOCKS:
European markets sank Tuesday morning as traders monitored heaving selling in the banking sector, and looked ahead to key central bank meetings and U.S. inflation prints, CNBC reported on Tuesday.
US stock futures declined in early morning trading as investors braced for a key inflation report Tuesday.
***
RUPEE:
The Indian currency ended down on Tuesday tracking sell-off in domestic equities and strong dollar as global risk aversion increased fears the Fed may hike rates aggressively if March inflation comes on the upper side of expectation.
Rupee in spot market ended at Rs 76.13/$1 compared with Rs 76.02/$1 at open Tuesday and Rs 75.95/$1 at close on Monday. .
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended down on Tuesday as some exporters and banks covered their open dollar position taking advantage of spike in spot pair, dealers said.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 3.93%, compared with 3.95% at the previous close.
***
GILTS:
Government bond prices ended down on Tuesday due to rise in US Treasury yields and selling ahead of the weekly bond auction even as investors remain cautious ahead of the release of CPI data.
The 6.54%-2032 bond ended at Rs 95.4850 or 7.1895% yield compared with Rs 95.5500 or 7.1799% yield at open on Tuesday and Rs 95.7600 or 7.1486% yield at close on Monday.
***
CRUDE OIL:
Brent crude oil futures traded at $101.89 a barrel at 4PM IST on Tuesday.
(End)
TNS INDIA TODAY - What Markets Will Watch and Why - Apr 13
LOCAL EVENTS:
2:30 PM -- Society of Indian Automobile Manufacturers to release March
and FY22 industry sales data followed by press conference.
4:30 PM -- Infosys management at Q4 press briefing followed by analyst
call.
***
MINT ROAD:
9:00AM–09:30AM -- RBI to conduct auction to determine PDs underwriting
fee
10:30AM-11:30AM -- RBI to auction four gilts worth Rs 33,000 cr
***
US STOCKS:
Wall Street closed sharply lower on Monday as investors started the holiday-shortened week in a risk-off mood, as rising bond yields weighed on market-leading growth stocks ahead of crucial inflation data. All three major US stock indexes ended deep in negative territory, with tech and tech-adjacent stocks pulling the Nasdaq down 2.2%.
At close, Dow Jones Industrial Average fell 1.19% to 34,308.08, the S&P 500 lost 1.69% to 4,412.53 and the Nasdaq Composite dropped 2.18%, to 13,411.96.
***
ASIAN STOCKS:
Asian-Pacific shares rose in Wednesday morning trade as investors watch for market reaction to the release of a slightly hotter-than-expected US inflation report. The Nikkei 225 in Japan climbed 0.55% in early trade as shares of Fast Retailing gained more than 1%. The Topix index advanced 0.39%. South Korea’s Kospi rose 0.46%, while the S&P/ASX 200 in Australia edged fractionally higher.
The Nifty futures were trading up 37.45 points at 17,598.80 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
WEDNESDAY
2:00 AM -- US -- API Weekly Crude Oil Stock(Apr 8)
2:30 AM -- New Zealand -- REINZ House Price Index (MoM)(Mar)
4:15 AM -- New Zealand -- Food Price Index (MoM)(Mar)
5:20 AM -- Japan -- Machinery Orders (YoY)(Feb)
-- Money Supply M2+CD (YoY)(Mar)
6:00 AM -- Australia -- Westpac Consumer Confidence(Apr)
7:30 AM -- New Zealand -- RBNZ Interest Rate Decision
-- RBNZ Rate Statement
7:30 AM -- China -- Trade Balance CNY(Feb)
-- Trade Balance USD(Feb)
11:30 AM -- UK -- Consumer Price Index (YoY)(Mar)
-- Core Consumer Price Index (YoY)(Mar)
-- PPI Core Output (YoY) n.s.a (Mar)
-- Producer Price Index - Input (YoY)
n.s.a(Mar)
-- Producer Price Index - Output (YoY)
n.s.a(Mar)
-- Retail Price Index (YoY)(Mar)
11:45 AM -- Japan -- BoJ's Governor Kuroda speech
12:30 PM -- Spain -- Consumer Price Index (YoY)(Mar)
-- HICP (YoY)(Mar)
1:30 PM -- Italy -- Industrial Output w.d.a (YoY)(Feb)
2:00 PM -- UK -- DCLG House Price Index (YoY)(Feb)
4:30 PM -- US -- MBA Mortgage Applications(Apr 8)
6:00 PM -- US -- Producer Price Index (YoY)(Mar)
-- Producer Price Index ex Food & Energy
(YoY)(Mar)
8:00 PM -- US -- EIA Crude Oil Stocks Change(Apr 8)
(End)
LOCAL EVENTS:
2:30 PM -- Society of Indian Automobile Manufacturers to release March
and FY22 industry sales data followed by press conference.
4:30 PM -- Infosys management at Q4 press briefing followed by analyst
call.
***
MINT ROAD:
9:00AM–09:30AM -- RBI to conduct auction to determine PDs underwriting
fee
10:30AM-11:30AM -- RBI to auction four gilts worth Rs 33,000 cr
***
US STOCKS:
Wall Street closed sharply lower on Monday as investors started the holiday-shortened week in a risk-off mood, as rising bond yields weighed on market-leading growth stocks ahead of crucial inflation data. All three major US stock indexes ended deep in negative territory, with tech and tech-adjacent stocks pulling the Nasdaq down 2.2%.
At close, Dow Jones Industrial Average fell 1.19% to 34,308.08, the S&P 500 lost 1.69% to 4,412.53 and the Nasdaq Composite dropped 2.18%, to 13,411.96.
***
ASIAN STOCKS:
Asian-Pacific shares rose in Wednesday morning trade as investors watch for market reaction to the release of a slightly hotter-than-expected US inflation report. The Nikkei 225 in Japan climbed 0.55% in early trade as shares of Fast Retailing gained more than 1%. The Topix index advanced 0.39%. South Korea’s Kospi rose 0.46%, while the S&P/ASX 200 in Australia edged fractionally higher.
The Nifty futures were trading up 37.45 points at 17,598.80 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
WEDNESDAY
2:00 AM -- US -- API Weekly Crude Oil Stock(Apr 8)
2:30 AM -- New Zealand -- REINZ House Price Index (MoM)(Mar)
4:15 AM -- New Zealand -- Food Price Index (MoM)(Mar)
5:20 AM -- Japan -- Machinery Orders (YoY)(Feb)
-- Money Supply M2+CD (YoY)(Mar)
6:00 AM -- Australia -- Westpac Consumer Confidence(Apr)
7:30 AM -- New Zealand -- RBNZ Interest Rate Decision
-- RBNZ Rate Statement
7:30 AM -- China -- Trade Balance CNY(Feb)
-- Trade Balance USD(Feb)
11:30 AM -- UK -- Consumer Price Index (YoY)(Mar)
-- Core Consumer Price Index (YoY)(Mar)
-- PPI Core Output (YoY) n.s.a (Mar)
-- Producer Price Index - Input (YoY)
n.s.a(Mar)
-- Producer Price Index - Output (YoY)
n.s.a(Mar)
-- Retail Price Index (YoY)(Mar)
11:45 AM -- Japan -- BoJ's Governor Kuroda speech
12:30 PM -- Spain -- Consumer Price Index (YoY)(Mar)
-- HICP (YoY)(Mar)
1:30 PM -- Italy -- Industrial Output w.d.a (YoY)(Feb)
2:00 PM -- UK -- DCLG House Price Index (YoY)(Feb)
4:30 PM -- US -- MBA Mortgage Applications(Apr 8)
6:00 PM -- US -- Producer Price Index (YoY)(Mar)
-- Producer Price Index ex Food & Energy
(YoY)(Mar)
8:00 PM -- US -- EIA Crude Oil Stocks Change(Apr 8)
(End)
TNS INDIA TODAY - What Markets Will Watch and Why - Apr 18
LOCAL EVENTS:
10:30 AM -- Farm Minister Narendra Singh Tomar and other senior ministry
officials at launch of crop and PQMS portal of the plant
protection division.
12:00 PM -- Government to release March WPI.
2:15 PM -- Minister of State for Electronics and Information Technology
Rajeev Chandrasekhar at launch of logo of India Semiconductor
Mission.
***
MINT ROAD:
10:30AM-11:30AM -- RBI to conduct conversion/switch auction of Rs 10,000
cr
***
US STOCKS:
Wall Street stocks finished lower while bond yields and the dollar rose on Thursday as investors worried about the potential for aggressive US policy tightening as other central banks around the world moved to reduce support.
At close, Dow Jones Industrial Average fell 0.33% to 34,451.23, the S&P 500 lost 1.21% to 4,392.59 and the Nasdaq Composite dropped 2.14%, to 13,351.08.
***
ASIAN STOCKS:
Asian shares largely slipped in Monday morning trade as investors await Chinese economic data, including the economic powerhouse’s first-quarter gross domestic product figures. In Japan, the Nikkei 225 fell 1.77% in morning trade as shares of Fast Retailing and SoftBank Group declined more than 1% each. The Topix index shed 1.64%. Mainland Chinese stocks were also lower, with the Shanghai composite down about 1% and the Shenzhen component shed 1.484%.
The Nifty futures were trading down 243.05 points at 17,263.00 at 8:31 AM IST in Singapore.
***
GLOBAL EVENTS:
MONDAY
2:00 AM -- China -- Fixed Asset Investment (YTD) (YoY)(Mar)
-- Gross Domestic Product (YoY)(Q1)
-- Industrial Production (YoY)(Mar)
-- NBS Press Conference
-- Retail Sales (YoY)(Mar)
2:00 PM -- US -- NAHB Housing Market Index(Apr)
8:00 PM -- US -- Fed's Bullard speech
10:30 PM -- New Zealand -- Business NZ PSI(Mar)
(End)
LOCAL EVENTS:
10:30 AM -- Farm Minister Narendra Singh Tomar and other senior ministry
officials at launch of crop and PQMS portal of the plant
protection division.
12:00 PM -- Government to release March WPI.
2:15 PM -- Minister of State for Electronics and Information Technology
Rajeev Chandrasekhar at launch of logo of India Semiconductor
Mission.
***
MINT ROAD:
10:30AM-11:30AM -- RBI to conduct conversion/switch auction of Rs 10,000
cr
***
US STOCKS:
Wall Street stocks finished lower while bond yields and the dollar rose on Thursday as investors worried about the potential for aggressive US policy tightening as other central banks around the world moved to reduce support.
At close, Dow Jones Industrial Average fell 0.33% to 34,451.23, the S&P 500 lost 1.21% to 4,392.59 and the Nasdaq Composite dropped 2.14%, to 13,351.08.
***
ASIAN STOCKS:
Asian shares largely slipped in Monday morning trade as investors await Chinese economic data, including the economic powerhouse’s first-quarter gross domestic product figures. In Japan, the Nikkei 225 fell 1.77% in morning trade as shares of Fast Retailing and SoftBank Group declined more than 1% each. The Topix index shed 1.64%. Mainland Chinese stocks were also lower, with the Shanghai composite down about 1% and the Shenzhen component shed 1.484%.
The Nifty futures were trading down 243.05 points at 17,263.00 at 8:31 AM IST in Singapore.
***
GLOBAL EVENTS:
MONDAY
2:00 AM -- China -- Fixed Asset Investment (YTD) (YoY)(Mar)
-- Gross Domestic Product (YoY)(Q1)
-- Industrial Production (YoY)(Mar)
-- NBS Press Conference
-- Retail Sales (YoY)(Mar)
2:00 PM -- US -- NAHB Housing Market Index(Apr)
8:00 PM -- US -- Fed's Bullard speech
10:30 PM -- New Zealand -- Business NZ PSI(Mar)
(End)
TNS MARKET ROUNDUP: Stocks, Rupee down on FPI outflows; Bonds up on short covering
MUMBAI, April 18 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex dropped sharply on Monday due to fall in IT stocks after Infosys slid 9% on missing March-quarter profit estimates. Meanwhile, several markets in Asia and Europe were closed on account of Easter on Monday. The 30-share Sensex closed 1172.19 points or 2.01% lower at 57,166.74 on the BSE, while the 50-stock Nifty lost 302.00 points or 1.73% to close at 17,173.65 on the NSE.
***
EUROPEAN STOCKS:
European markets are closed on account of Easter.
US Stock futures declined early Monday morning as investors braced for a week of major first-quarter earnings reports ahead, CNBC reported on Monday.
***
RUPEE:
The Indian currency ended down Monday tracking strong greenback, FPI pulling out of domestic equities, and high oil prices following weak global risk sentiments.
Rupee in spot market ended at Rs 76.25/$1 compared with Rs 76.40/$1 at open Tuesday and Rs 76.17/$1 at close on Monday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended down Monday 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 4.05%, compared with 4.07% at the previous close.
***
GILTS:
Government bond prices ended down on Monday on short covering by traders on talk of possible intervention by the Reserve Bank of India, even as surge in oil prices and US yields capped gains.
The 6.54%-2032 bond ended at Rs 95.7400 or 7.1525% yield compared with Rs 95.1000 or 7.2477% yield at open on Monday and Rs 95.3200 or 7.2148% yield at close on Wednesday.
***
CRUDE OIL:
Brent crude oil futures traded at $111.64 a barrel at 4:10PM IST on Monday.
(End)
MUMBAI, April 18 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex dropped sharply on Monday due to fall in IT stocks after Infosys slid 9% on missing March-quarter profit estimates. Meanwhile, several markets in Asia and Europe were closed on account of Easter on Monday. The 30-share Sensex closed 1172.19 points or 2.01% lower at 57,166.74 on the BSE, while the 50-stock Nifty lost 302.00 points or 1.73% to close at 17,173.65 on the NSE.
***
EUROPEAN STOCKS:
European markets are closed on account of Easter.
US Stock futures declined early Monday morning as investors braced for a week of major first-quarter earnings reports ahead, CNBC reported on Monday.
***
RUPEE:
The Indian currency ended down Monday tracking strong greenback, FPI pulling out of domestic equities, and high oil prices following weak global risk sentiments.
Rupee in spot market ended at Rs 76.25/$1 compared with Rs 76.40/$1 at open Tuesday and Rs 76.17/$1 at close on Monday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended down Monday 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 4.05%, compared with 4.07% at the previous close.
***
GILTS:
Government bond prices ended down on Monday on short covering by traders on talk of possible intervention by the Reserve Bank of India, even as surge in oil prices and US yields capped gains.
The 6.54%-2032 bond ended at Rs 95.7400 or 7.1525% yield compared with Rs 95.1000 or 7.2477% yield at open on Monday and Rs 95.3200 or 7.2148% yield at close on Wednesday.
***
CRUDE OIL:
Brent crude oil futures traded at $111.64 a barrel at 4:10PM IST on Monday.
(End)
TNS MARKET ROUNDUP: Stocks, Rupee down on FII outflows; Bonds up
MUMBAI, April 19 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended down for the fifth straight trading day Tuesday following sudden sell-off during the fag-end of the session. Domestic and global markets were hit hard today after Ukraine said on Monday that a long-expected offensive push into the Donbas region in eastern Ukraine has started, with intensified assaults in the north and east of the country. The 30-share Sensex closed 703.59 points or 1.23% lower at 56,463.15 on the BSE, while the 50-stock Nifty lost 215.00 points or 1.25% to close at 16,958.65 on the NSE.
***
EUROPEAN STOCKS:
European stocks were lower on Tuesday, with investors’ attention focused on the latest developments in the war between Russia and Ukraine, CNBC reported on Tuesday.
US stock futures slipped early Tuesday morning as traders navigate one of the busiest weeks of the corporate earnings season.
***
RUPEE:
The Indian currency ended down on Tuesday tracking strong dollar and FPI pullout from local stocks amid dollar buying by oil importers.
Rupee ended at Rs 76.50/$1 compared with Rs 76.31/$1 at open on Tuesday versus Rs 76.25/$1 at close on Monday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended down Tuesday as banks and some exporters covered their future dollar receivables taking advantage of rise in spot pair, dealers said.
On annualised basis, the premium on one year exact month dollar/rupee contract ended at 4.00% on Thursday versus 4.05% at close on Thursday.
***
GILTS:
Government bond prices ended up on Tuesday on short covering by traders on expectation that the Reserve Bank of India is likely to curb the high yields. Further, slight easing in oil prices and the lack of SDL auction today too supported the demand for bonds.
The 6.54%-2032 bond traded at Rs 95.7500 or 7.1511% yield compared with Rs 95.7025 or 7.1582% yield at open on Tuesday and Rs 95.7400 or 7.1525% yield at close on Monday.
***
CRUDE OIL:
Brent crude oil futures traded at $111.73 a barrel at 4PM IST on Tuesday.
(End)
MUMBAI, April 19 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended down for the fifth straight trading day Tuesday following sudden sell-off during the fag-end of the session. Domestic and global markets were hit hard today after Ukraine said on Monday that a long-expected offensive push into the Donbas region in eastern Ukraine has started, with intensified assaults in the north and east of the country. The 30-share Sensex closed 703.59 points or 1.23% lower at 56,463.15 on the BSE, while the 50-stock Nifty lost 215.00 points or 1.25% to close at 16,958.65 on the NSE.
***
EUROPEAN STOCKS:
European stocks were lower on Tuesday, with investors’ attention focused on the latest developments in the war between Russia and Ukraine, CNBC reported on Tuesday.
US stock futures slipped early Tuesday morning as traders navigate one of the busiest weeks of the corporate earnings season.
***
RUPEE:
The Indian currency ended down on Tuesday tracking strong dollar and FPI pullout from local stocks amid dollar buying by oil importers.
Rupee ended at Rs 76.50/$1 compared with Rs 76.31/$1 at open on Tuesday versus Rs 76.25/$1 at close on Monday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended down Tuesday as banks and some exporters covered their future dollar receivables taking advantage of rise in spot pair, dealers said.
On annualised basis, the premium on one year exact month dollar/rupee contract ended at 4.00% on Thursday versus 4.05% at close on Thursday.
***
GILTS:
Government bond prices ended up on Tuesday on short covering by traders on expectation that the Reserve Bank of India is likely to curb the high yields. Further, slight easing in oil prices and the lack of SDL auction today too supported the demand for bonds.
The 6.54%-2032 bond traded at Rs 95.7500 or 7.1511% yield compared with Rs 95.7025 or 7.1582% yield at open on Tuesday and Rs 95.7400 or 7.1525% yield at close on Monday.
***
CRUDE OIL:
Brent crude oil futures traded at $111.73 a barrel at 4PM IST on Tuesday.
(End)
TNS INDIA TODAY - What Markets Will Watch and Why - Apr 20
LOCAL EVENTS:
10:30 AM -- PM Narendra Modi and World Health Organization Director-
General Tedros Adhanom Ghebreyesus at Global AYUSH Investment
and Innovation summit.
4:00 PM -- Mastek Group Global Chief Executive Hiral Chandrana and
Global Chief Financial Officer Arun Agarwal at investor day
event.
***
MINT ROAD:
10:30AM-11:30AM -- RBI to auction 3 T-Bills worth Rs 34,000 cr.
***
US STOCKS:
US stocks surged on Tuesday on the back of stronger-than-expected corporate earnings, but bleak forecasts on global economic growth pushed bond yields up and drove oil down.
At close, Dow Jones Industrial Average rose 1.45% to 34,911.2, the S&P 500 gained 1.61% to 4,462.21 and the Nasdaq Composite added 2.15%, to 13,619.66.
***
ASIAN STOCKS:
Asia-Pacific shares were mixed in Wednesday morning trade as China defied expectations by keeping its benchmark lending rate unchanged. The Shanghai composite in mainland China fell 0.26% in morning trade while the Shenzhen component shed 0.528%. Hong Kong’s Hang Seng index, which fell more than 2% on Tuesday, gained 0.36%. The Nikkei 225 climbed 0.47%. The Topix index advanced 0.73%. Australian stocks also traded in positive territory as the S&P/ASX 200 gained 0.51%. South Korea’s Kospi shed 0.37%.
The Nifty futures were trading up 117.30 points at 17,028.20 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
WEDNESDAY
2:00 AM -- US -- API Weekly Crude Oil Stock(Apr 15)
5:20 AM -- Japan -- Adjusted Merchandise Trade Balance(Mar)
-- Merchandise Trade Balance Total(Mar)
5:30 AM -- US -- IMF Meeting
6:00 AM -- Australia -- Westpac Leading Index (MoM)(Mar)
6:45 AM -- China -- PBoC Interest Rate Decision
10:00 AM -- Japan -- Tertiary Industry Index (MoM)(Feb)
11:30 AM -- Germany -- Producer Price Index (YoY)(Mar)
1:30 PM -- Italy -- Global Trade Balance(Feb)
-- Trade Balance EU(Feb)
2:30 PM -- EMU -- Industrial Production w.d.a. (YoY)(Feb)
-- Trade Balance n.s.a.(Feb)
4:30 PM -- US -- MBA Mortgage Applications(Apr 15)
7:30 PM -- US -- Existing Home Sales (MoM)(Mar)
-- Existing Home Sales Change (MoM)(Mar)
8:00 PM -- US -- EIA Crude Oil Stocks Change(Apr 15)
11:30 PM -- US -- Fed's Beige Book
(End)
LOCAL EVENTS:
10:30 AM -- PM Narendra Modi and World Health Organization Director-
General Tedros Adhanom Ghebreyesus at Global AYUSH Investment
and Innovation summit.
4:00 PM -- Mastek Group Global Chief Executive Hiral Chandrana and
Global Chief Financial Officer Arun Agarwal at investor day
event.
***
MINT ROAD:
10:30AM-11:30AM -- RBI to auction 3 T-Bills worth Rs 34,000 cr.
***
US STOCKS:
US stocks surged on Tuesday on the back of stronger-than-expected corporate earnings, but bleak forecasts on global economic growth pushed bond yields up and drove oil down.
At close, Dow Jones Industrial Average rose 1.45% to 34,911.2, the S&P 500 gained 1.61% to 4,462.21 and the Nasdaq Composite added 2.15%, to 13,619.66.
***
ASIAN STOCKS:
Asia-Pacific shares were mixed in Wednesday morning trade as China defied expectations by keeping its benchmark lending rate unchanged. The Shanghai composite in mainland China fell 0.26% in morning trade while the Shenzhen component shed 0.528%. Hong Kong’s Hang Seng index, which fell more than 2% on Tuesday, gained 0.36%. The Nikkei 225 climbed 0.47%. The Topix index advanced 0.73%. Australian stocks also traded in positive territory as the S&P/ASX 200 gained 0.51%. South Korea’s Kospi shed 0.37%.
The Nifty futures were trading up 117.30 points at 17,028.20 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
WEDNESDAY
2:00 AM -- US -- API Weekly Crude Oil Stock(Apr 15)
5:20 AM -- Japan -- Adjusted Merchandise Trade Balance(Mar)
-- Merchandise Trade Balance Total(Mar)
5:30 AM -- US -- IMF Meeting
6:00 AM -- Australia -- Westpac Leading Index (MoM)(Mar)
6:45 AM -- China -- PBoC Interest Rate Decision
10:00 AM -- Japan -- Tertiary Industry Index (MoM)(Feb)
11:30 AM -- Germany -- Producer Price Index (YoY)(Mar)
1:30 PM -- Italy -- Global Trade Balance(Feb)
-- Trade Balance EU(Feb)
2:30 PM -- EMU -- Industrial Production w.d.a. (YoY)(Feb)
-- Trade Balance n.s.a.(Feb)
4:30 PM -- US -- MBA Mortgage Applications(Apr 15)
7:30 PM -- US -- Existing Home Sales (MoM)(Mar)
-- Existing Home Sales Change (MoM)(Mar)
8:00 PM -- US -- EIA Crude Oil Stocks Change(Apr 15)
11:30 PM -- US -- Fed's Beige Book
(End)
TNS MARKET ROUNDUP: Stocks, Rupee ended up on inflows; Bonds up on likely RBI intervention
MUMBAI, April 20 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex up on Wednesday after a sharp sell-off in the previous session, as beaten-down HDFC Bank and technology stocks eked out gains, with investors awaiting key corporate earnings amid concerns about runaway inflation. Private-sector lender HDFC Bank rose 1%, after sliding for nine consecutive sessions. The 30-share Sensex closed 574.35 points or 1.02% higher at 57,037.50 on the BSE, while the 50-stock Nifty gained 177.90 points or 1.05% to close at 17,136.55 on the NSE.
***
EUROPEAN STOCKS:
European stocks saw some positive gains after opening around the flatline on Wednesday as investors monitor developments in Ukraine and assess the IMF’s latest global economic forecasts, CNBC reported on Wednesday.
US stock futures were little changed Wednesday as investors digested disappointing Netflix earnings and looked ahead to a new batch of companies set to report.
***
RUPEE:
The Indian currency ended up tracking the pullback in greenback from 2-year high and inflows into local stocks. Also, inflows related to SBI raising $500 million via syndicated loans too supported the demand for the rupee.
Rupee in spot market ended at Rs 76.21/$1 Wednesday compared to previous close of Rs 76.50/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended lower on Wednesday as exporters received after spot pair starting easing from near record high.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 3.98% on Wednesday versus 4.00% at close on Tuesday.
***
GILTS:
Government bond prices ended up on Wednesday on hope of RBI intervention to control yield amid sharp fall in US Treasury yields.
The 6.54%-2032 bond ended at Rs 96.0600 or 7.1054% yield compared with Rs 95.7400 or 7.1527% yield at open on Wednesday and Rs 95.7500 or 7.1511% yield at close on Tuesday.
***
CRUDE OIL:
Brent crude oil futures traded at $108.02 a barrel at 4:05PM IST on Wednesday.
(End)
MUMBAI, April 20 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex up on Wednesday after a sharp sell-off in the previous session, as beaten-down HDFC Bank and technology stocks eked out gains, with investors awaiting key corporate earnings amid concerns about runaway inflation. Private-sector lender HDFC Bank rose 1%, after sliding for nine consecutive sessions. The 30-share Sensex closed 574.35 points or 1.02% higher at 57,037.50 on the BSE, while the 50-stock Nifty gained 177.90 points or 1.05% to close at 17,136.55 on the NSE.
***
EUROPEAN STOCKS:
European stocks saw some positive gains after opening around the flatline on Wednesday as investors monitor developments in Ukraine and assess the IMF’s latest global economic forecasts, CNBC reported on Wednesday.
US stock futures were little changed Wednesday as investors digested disappointing Netflix earnings and looked ahead to a new batch of companies set to report.
***
RUPEE:
The Indian currency ended up tracking the pullback in greenback from 2-year high and inflows into local stocks. Also, inflows related to SBI raising $500 million via syndicated loans too supported the demand for the rupee.
Rupee in spot market ended at Rs 76.21/$1 Wednesday compared to previous close of Rs 76.50/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended lower on Wednesday as exporters received after spot pair starting easing from near record high.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 3.98% on Wednesday versus 4.00% at close on Tuesday.
***
GILTS:
Government bond prices ended up on Wednesday on hope of RBI intervention to control yield amid sharp fall in US Treasury yields.
The 6.54%-2032 bond ended at Rs 96.0600 or 7.1054% yield compared with Rs 95.7400 or 7.1527% yield at open on Wednesday and Rs 95.7500 or 7.1511% yield at close on Tuesday.
***
CRUDE OIL:
Brent crude oil futures traded at $108.02 a barrel at 4:05PM IST on Wednesday.
(End)
TNS INDIA TODAY - What Markets Will Watch and Why - Apr 21
LOCAL EVENTS:
12:00 PM -- Maruti Suzuki MD and Chief Executive Hisashi Takeuchi, Senior
Executive Director-Marketing & Sales Shashank Srivastava at the
launch of a multipurpose vehicle.
12:15 PM -- Campus Activewear press conference to announce IPO.
***
MINT ROAD:
---- NO MAJOR EVENTS ----
***
US STOCKS:
US stocks ended in mixed territory on Wednesday as the tech-heavy Nasdaq was dragged down by bleak Netflix earnings, while bond yields dipped after a recent strong run.
At close, Dow Jones Industrial Average rose 0.71% to 35,160.79, the S&P 500 lost 0.06% to 4,459.45 and the Nasdaq Composite dropped 1.22%, to 13,453.07.
***
ASIAN STOCKS:
Asia-Pacific shares were mixed in Thursday morning trade as investors continue to watch China’s COVID situation along with moves in the Japanese yen. Chinese stocks fell in early trade, with the Shanghai composite shedding 0.3% while the Shenzhen component shed 0.12%. Hong Kong’s Hang Seng index slipped 0.3%. The Nikkei 225 in Japan gained 1.14% while the Topix index advanced 0.63%. South Korea’s Kospi climbed 0.61%. In Australia, the S&P/ASX 200 nudged 0.22% higher.
The Nifty futures were trading up 63.90 points at 17,236.80 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
THURSDAY
4:15 AM -- New Zealand -- Consumer Price Index (YoY)(Q1)
5:20 AM -- Japan -- Foreign Bond Investment(Apr 15)
5:30 AM -- US -- IMF Meeting
12:15 PM -- France -- Business Climate in Manufacturing(Apr)
2:30 PM -- EUR -- HICP (YoY)(Mar)
6:00 PM -- US -- Initial Jobless Claims (Apr 15)
-- Philadelphia Fed Manufacturing
Survey(Apr)
6:30 PM -- UK -- BoE's Mann speech
7:30 PM -- EMU -- Consumer Confidence(Apr) PREL
8:00 PM -- US -- EIA Natural Gas Storage Change(Apr 15)
8:30 PM -- US -- Fed's Chair Powell speech
10:00 PM -- UK -- BoE's Governor Bailey speech
10:30 PM -- US -- Fed's Chair Powell speech
10:30 PM -- EMU -- ECB’s President Lagarde speech
(End)
LOCAL EVENTS:
12:00 PM -- Maruti Suzuki MD and Chief Executive Hisashi Takeuchi, Senior
Executive Director-Marketing & Sales Shashank Srivastava at the
launch of a multipurpose vehicle.
12:15 PM -- Campus Activewear press conference to announce IPO.
***
MINT ROAD:
---- NO MAJOR EVENTS ----
***
US STOCKS:
US stocks ended in mixed territory on Wednesday as the tech-heavy Nasdaq was dragged down by bleak Netflix earnings, while bond yields dipped after a recent strong run.
At close, Dow Jones Industrial Average rose 0.71% to 35,160.79, the S&P 500 lost 0.06% to 4,459.45 and the Nasdaq Composite dropped 1.22%, to 13,453.07.
***
ASIAN STOCKS:
Asia-Pacific shares were mixed in Thursday morning trade as investors continue to watch China’s COVID situation along with moves in the Japanese yen. Chinese stocks fell in early trade, with the Shanghai composite shedding 0.3% while the Shenzhen component shed 0.12%. Hong Kong’s Hang Seng index slipped 0.3%. The Nikkei 225 in Japan gained 1.14% while the Topix index advanced 0.63%. South Korea’s Kospi climbed 0.61%. In Australia, the S&P/ASX 200 nudged 0.22% higher.
The Nifty futures were trading up 63.90 points at 17,236.80 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
THURSDAY
4:15 AM -- New Zealand -- Consumer Price Index (YoY)(Q1)
5:20 AM -- Japan -- Foreign Bond Investment(Apr 15)
5:30 AM -- US -- IMF Meeting
12:15 PM -- France -- Business Climate in Manufacturing(Apr)
2:30 PM -- EUR -- HICP (YoY)(Mar)
6:00 PM -- US -- Initial Jobless Claims (Apr 15)
-- Philadelphia Fed Manufacturing
Survey(Apr)
6:30 PM -- UK -- BoE's Mann speech
7:30 PM -- EMU -- Consumer Confidence(Apr) PREL
8:00 PM -- US -- EIA Natural Gas Storage Change(Apr 15)
8:30 PM -- US -- Fed's Chair Powell speech
10:00 PM -- UK -- BoE's Governor Bailey speech
10:30 PM -- US -- Fed's Chair Powell speech
10:30 PM -- EMU -- ECB’s President Lagarde speech
(End)