TNS MARKET ROUNDUP: Stocks, Rupee, end up on inflows; Bonds down before weekly auction
MUMBAI, April 21 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex up on Thursday continued the winning streak, staging solid recovery after recent pains, with support from most counters. Market heavyweights Reliance Industries, Maruti, TCS, HDFC, and M&M contributed significantly to the rally. Sectorally, all the sectors except metals were in the green, with auto, IT, banks, financials making healthy gains. Globally, shares in Europe and US were mixed as inflation worries, crude prices, and the war in Ukraine kept the investors cautiously optimistic. In Asia, shares in Japan, South Korea, and Australia advanced, while that in Hong Kong and Shanghai declined. The 30-share Sensex closed 874.18 points or 1.53% higher at 57,911.68 on the BSE, while the 50-stock Nifty gained 256.05 points or 1.49% to close at 17,392.60 on the NSE.
***
EUROPEAN STOCKS:
European stocks traded slightly higher Thursday as investors keep an eye on developments in the war between Russia and Ukraine, CNBC reported on Thursday.
US stock futures rose in morning trading Thursday as investors digested more quarterly reports from the likes of Tesla and United Airlines and awaited a policy speech from Federal Reserve Chairman Jerome Powell.
***
RUPEE:
The Indian currency ended up tracking weakness in greenback ahead of global financial ministers meet and inflows into local stocks.
Rupee in spot market ended at Rs 76.14/$1 Thursday compared to previous close of Rs 76.21/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended flat on Thursday as both importers and exporters preferred to remain on the sideline as spot pair lacks direction.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 3.98% on Thursday versus 3.98% at close on Wednesday.
***
GILTS:
Government bond prices ended down on Thursday on profit booking after recent rally and selling ahead of a weekly bond auction.
The 6.54%-2032 bond ended at Rs 95.8000 or 7.1440% yield compared with Rs 96.0600 or 7.1055% yield at open on Thursday and Rs 96.0600 or 7.1054% yield at close on Wednesday.
***
CRUDE OIL:
Brent crude oil futures traded at $108.33 a barrel at 4PM IST on Thursday.
(End)
MUMBAI, April 21 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex up on Thursday continued the winning streak, staging solid recovery after recent pains, with support from most counters. Market heavyweights Reliance Industries, Maruti, TCS, HDFC, and M&M contributed significantly to the rally. Sectorally, all the sectors except metals were in the green, with auto, IT, banks, financials making healthy gains. Globally, shares in Europe and US were mixed as inflation worries, crude prices, and the war in Ukraine kept the investors cautiously optimistic. In Asia, shares in Japan, South Korea, and Australia advanced, while that in Hong Kong and Shanghai declined. The 30-share Sensex closed 874.18 points or 1.53% higher at 57,911.68 on the BSE, while the 50-stock Nifty gained 256.05 points or 1.49% to close at 17,392.60 on the NSE.
***
EUROPEAN STOCKS:
European stocks traded slightly higher Thursday as investors keep an eye on developments in the war between Russia and Ukraine, CNBC reported on Thursday.
US stock futures rose in morning trading Thursday as investors digested more quarterly reports from the likes of Tesla and United Airlines and awaited a policy speech from Federal Reserve Chairman Jerome Powell.
***
RUPEE:
The Indian currency ended up tracking weakness in greenback ahead of global financial ministers meet and inflows into local stocks.
Rupee in spot market ended at Rs 76.14/$1 Thursday compared to previous close of Rs 76.21/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended flat on Thursday as both importers and exporters preferred to remain on the sideline as spot pair lacks direction.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 3.98% on Thursday versus 3.98% at close on Wednesday.
***
GILTS:
Government bond prices ended down on Thursday on profit booking after recent rally and selling ahead of a weekly bond auction.
The 6.54%-2032 bond ended at Rs 95.8000 or 7.1440% yield compared with Rs 96.0600 or 7.1055% yield at open on Thursday and Rs 96.0600 or 7.1054% yield at close on Wednesday.
***
CRUDE OIL:
Brent crude oil futures traded at $108.33 a barrel at 4PM IST on Thursday.
(End)
TNS MARKET ROUNDUP: Stocks, Rupee, end up on inflows; Bonds down before weekly auction
MUMBAI, April 21 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex up on Thursday continued the winning streak, staging solid recovery after recent pains, with support from most counters. Market heavyweights Reliance Industries, Maruti, TCS, HDFC, and M&M contributed significantly to the rally. Sectorally, all the sectors except metals were in the green, with auto, IT, banks, financials making healthy gains. Globally, shares in Europe and US were mixed as inflation worries, crude prices, and the war in Ukraine kept the investors cautiously optimistic. In Asia, shares in Japan, South Korea, and Australia advanced, while that in Hong Kong and Shanghai declined. The 30-share Sensex closed 874.18 points or 1.53% higher at 57,911.68 on the BSE, while the 50-stock Nifty gained 256.05 points or 1.49% to close at 17,392.60 on the NSE.
***
EUROPEAN STOCKS:
European stocks traded slightly higher Thursday as investors keep an eye on developments in the war between Russia and Ukraine, CNBC reported on Thursday.
US stock futures rose in morning trading Thursday as investors digested more quarterly reports from the likes of Tesla and United Airlines and awaited a policy speech from Federal Reserve Chairman Jerome Powell.
***
RUPEE:
The Indian currency ended up tracking weakness in greenback ahead of global financial ministers meet and inflows into local stocks.
Rupee in spot market ended at Rs 76.14/$1 Thursday compared to previous close of Rs 76.21/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended flat on Thursday as both importers and exporters preferred to remain on the sideline as spot pair lacks direction.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 3.98% on Thursday versus 3.98% at close on Wednesday.
***
GILTS:
Government bond prices ended down on Thursday on profit booking after recent rally and selling ahead of a weekly bond auction.
The 6.54%-2032 bond ended at Rs 95.8000 or 7.1440% yield compared with Rs 96.0600 or 7.1055% yield at open on Thursday and Rs 96.0600 or 7.1054% yield at close on Wednesday.
***
CRUDE OIL:
Brent crude oil futures traded at $108.33 a barrel at 4PM IST on Thursday.
(End)
MUMBAI, April 21 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex up on Thursday continued the winning streak, staging solid recovery after recent pains, with support from most counters. Market heavyweights Reliance Industries, Maruti, TCS, HDFC, and M&M contributed significantly to the rally. Sectorally, all the sectors except metals were in the green, with auto, IT, banks, financials making healthy gains. Globally, shares in Europe and US were mixed as inflation worries, crude prices, and the war in Ukraine kept the investors cautiously optimistic. In Asia, shares in Japan, South Korea, and Australia advanced, while that in Hong Kong and Shanghai declined. The 30-share Sensex closed 874.18 points or 1.53% higher at 57,911.68 on the BSE, while the 50-stock Nifty gained 256.05 points or 1.49% to close at 17,392.60 on the NSE.
***
EUROPEAN STOCKS:
European stocks traded slightly higher Thursday as investors keep an eye on developments in the war between Russia and Ukraine, CNBC reported on Thursday.
US stock futures rose in morning trading Thursday as investors digested more quarterly reports from the likes of Tesla and United Airlines and awaited a policy speech from Federal Reserve Chairman Jerome Powell.
***
RUPEE:
The Indian currency ended up tracking weakness in greenback ahead of global financial ministers meet and inflows into local stocks.
Rupee in spot market ended at Rs 76.14/$1 Thursday compared to previous close of Rs 76.21/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended flat on Thursday as both importers and exporters preferred to remain on the sideline as spot pair lacks direction.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 3.98% on Thursday versus 3.98% at close on Wednesday.
***
GILTS:
Government bond prices ended down on Thursday on profit booking after recent rally and selling ahead of a weekly bond auction.
The 6.54%-2032 bond ended at Rs 95.8000 or 7.1440% yield compared with Rs 96.0600 or 7.1055% yield at open on Thursday and Rs 96.0600 or 7.1054% yield at close on Wednesday.
***
CRUDE OIL:
Brent crude oil futures traded at $108.33 a barrel at 4PM IST on Thursday.
(End)
TNS INDIA TODAY - What Markets Will Watch and Why - Apr 22
LOCAL EVENTS:
10:00 AM -- Petroleum Minister Hardeep Singh Puri, HDFC Vice Chairman
and Chief Executive Keki Mistry and ITC Chairman and
MD Sanjiv Puri at India Economic conclave.
3:00 PM -- Chemicals Minister Mansukh Mandaviya, Minister of State for
Chemicals and Fertilisers Bhagwanth Khuba at a press
conference.
4:15 PM -- Foreign Secretary Harshvardhan Shringla, Tata Steel MD and
Global Chief Executive T.V. Narendran, Nykaa Founder and
Chief Executive Falguni Nayar at India Economic conclave.
***
MINT ROAD:
9:00AM-09:30AM -- RBI to conduct auction to determine PDs underwriting
fee
10:30AM-11:00AM -- RBI to auction 14 dayS reverse repo worth Rs 7 lakh cr
10:30AM-11:30AM -- RBI to auction four gilts worth Rs 32000 cr
***
US STOCKS:
Wall Street reversed course and posted losses on Thursday while oil gained as Federal Reserve Chairman Jerome Powell suggested the US central bank would move aggressively to curb inflation. Powell said that a half-point interest rate increase will be "on the table" when the Fed meets in May, adding it would be appropriate to "be moving a little more quickly."
At close, Dow Jones Industrial Average fell 1.05% to 34,792.76, the S&P 500 lost 1.48% to 4,393.66 and Nasdaq Composite dropped 2.07%, to 13,174.65.
***
ASIAN STOCKS:
Asia-Pacific shares fell in Friday morning trade as investors watch for market reaction to overnight remarks from US Federal Reserve Chairman Jerome Powell. The Nikkei 225 in Japan led losses among the region’s major markets, declining 1.71% as shares of conglomerate SoftBank Group dropped more than 2%. The Topix index shed 1.31%. South Korea’s Kospi traded 1.1% lower. Australian stocks also declined as the S&P/ASX 200 dipped 0.97%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.51% lower.
The Nifty futures were trading up 23.20 points at 17,765.20 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
FRIDAY
3:30 AM -- Australia -- S&P Global Composite PMI(Apr) PREL
4:31 AM -- UK -- GfK Consumer Confidence(Apr)
5:00 AM -- Japan -- National Consumer Price Index
(YoY)(Mar)
5:30 AM -- US -- IMF Meeting
6:00 AM -- Japan -- Jibun Bank Manufacturing PMI(Apr) PREL
-- Jibun Bank Services PMI(Apr) PREL
11:30 AM -- UK -- Retail Sales (YoY)(Mar)
12:45 PM -- France -- S&P Global Composite PMI(Apr) PREL
1:00 PM -- Germany -- S&P Global/BME Composite PMI(Apr) PREL
1:30 PM -- EMU -- Current Account n.s.a(Feb)
-- S&P Global Composite PMI(Apr) PREL
2:00 PM -- UK -- S&P Global/CIPS Manufacturing PMI(Apr)
PREL
-- S&P Global/CIPS Services PMI(Apr) PREL
3:30 PM -- Germany -- German Buba Monthly Report
6:30 PM -- EMU -- ECB’s President Lagarde speech
7:15 PM -- US -- S&P Global Composite PMI(Apr) PREL
8:00 PM -- UK -- BoE's Governor Bailey speech
10:30 PM -- US -- Baker Hughes US Oil Rig Count
(End)
LOCAL EVENTS:
10:00 AM -- Petroleum Minister Hardeep Singh Puri, HDFC Vice Chairman
and Chief Executive Keki Mistry and ITC Chairman and
MD Sanjiv Puri at India Economic conclave.
3:00 PM -- Chemicals Minister Mansukh Mandaviya, Minister of State for
Chemicals and Fertilisers Bhagwanth Khuba at a press
conference.
4:15 PM -- Foreign Secretary Harshvardhan Shringla, Tata Steel MD and
Global Chief Executive T.V. Narendran, Nykaa Founder and
Chief Executive Falguni Nayar at India Economic conclave.
***
MINT ROAD:
9:00AM-09:30AM -- RBI to conduct auction to determine PDs underwriting
fee
10:30AM-11:00AM -- RBI to auction 14 dayS reverse repo worth Rs 7 lakh cr
10:30AM-11:30AM -- RBI to auction four gilts worth Rs 32000 cr
***
US STOCKS:
Wall Street reversed course and posted losses on Thursday while oil gained as Federal Reserve Chairman Jerome Powell suggested the US central bank would move aggressively to curb inflation. Powell said that a half-point interest rate increase will be "on the table" when the Fed meets in May, adding it would be appropriate to "be moving a little more quickly."
At close, Dow Jones Industrial Average fell 1.05% to 34,792.76, the S&P 500 lost 1.48% to 4,393.66 and Nasdaq Composite dropped 2.07%, to 13,174.65.
***
ASIAN STOCKS:
Asia-Pacific shares fell in Friday morning trade as investors watch for market reaction to overnight remarks from US Federal Reserve Chairman Jerome Powell. The Nikkei 225 in Japan led losses among the region’s major markets, declining 1.71% as shares of conglomerate SoftBank Group dropped more than 2%. The Topix index shed 1.31%. South Korea’s Kospi traded 1.1% lower. Australian stocks also declined as the S&P/ASX 200 dipped 0.97%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.51% lower.
The Nifty futures were trading up 23.20 points at 17,765.20 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
FRIDAY
3:30 AM -- Australia -- S&P Global Composite PMI(Apr) PREL
4:31 AM -- UK -- GfK Consumer Confidence(Apr)
5:00 AM -- Japan -- National Consumer Price Index
(YoY)(Mar)
5:30 AM -- US -- IMF Meeting
6:00 AM -- Japan -- Jibun Bank Manufacturing PMI(Apr) PREL
-- Jibun Bank Services PMI(Apr) PREL
11:30 AM -- UK -- Retail Sales (YoY)(Mar)
12:45 PM -- France -- S&P Global Composite PMI(Apr) PREL
1:00 PM -- Germany -- S&P Global/BME Composite PMI(Apr) PREL
1:30 PM -- EMU -- Current Account n.s.a(Feb)
-- S&P Global Composite PMI(Apr) PREL
2:00 PM -- UK -- S&P Global/CIPS Manufacturing PMI(Apr)
PREL
-- S&P Global/CIPS Services PMI(Apr) PREL
3:30 PM -- Germany -- German Buba Monthly Report
6:30 PM -- EMU -- ECB’s President Lagarde speech
7:15 PM -- US -- S&P Global Composite PMI(Apr) PREL
8:00 PM -- UK -- BoE's Governor Bailey speech
10:30 PM -- US -- Baker Hughes US Oil Rig Count
(End)
TNS MARKET ROUNDUP: Stocks, Rupee, Bonds end down after Fed hints of aggressive hike
MUMBAI, April 22 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex fell more than 1% on Friday, dragged by losses across the board, as global sentiment soured after the US Federal Reserve hinted at an increasingly aggressive rate hike amid concerns about high inflation. The 30-share Sensex closed 714.53 points or 1.23% lower at 57,197.15 on the BSE, while the 50-stock Nifty lost 220.65 points or 1.27% to close at 17,171.95 on the NSE.
***
EUROPEAN STOCKS:
European stocks fell in early trading on Friday after Federal Reserve Chair Jerome Powell said a half-percentage point rate hike is "on the table" for next month, CNBC reported on Friday.
US stock futures were lower in early morning trading Friday as the S&P 500 tried to avoid another losing week amid busy earnings and rising bond yields.
***
RUPEE:
The Indian currency ended down on Friday tracking strong greenback following the hawkish speech by Chair Powell at the IMF event and a sell-off from domestic stocks on global risk-off sentiments.
Rupee in spot market ended at Rs 76.48/$1 compared with Rs 76.29/$1 at open Friday and Rs 76.14/$1 at close on Thursday.
***
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, dealers said.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 3.82%, compared with 3.98% at the previous close.
***
GILTS:
Government bond prices ended down on Friday due to a surge in US Treasury yields.
The 6.54%-2032 bond ended at Rs 95.6525 or 7.1662% yield compared with Rs 95.7400 or 7.1532% yield at open on Friday and Rs 95.8000 or 7.1440% yield at close on Thursday.
***
CRUDE OIL:
Brent crude oil futures traded at $106.40 a barrel at 4:05PM IST on Friday.
(End)
MUMBAI, April 22 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex fell more than 1% on Friday, dragged by losses across the board, as global sentiment soured after the US Federal Reserve hinted at an increasingly aggressive rate hike amid concerns about high inflation. The 30-share Sensex closed 714.53 points or 1.23% lower at 57,197.15 on the BSE, while the 50-stock Nifty lost 220.65 points or 1.27% to close at 17,171.95 on the NSE.
***
EUROPEAN STOCKS:
European stocks fell in early trading on Friday after Federal Reserve Chair Jerome Powell said a half-percentage point rate hike is "on the table" for next month, CNBC reported on Friday.
US stock futures were lower in early morning trading Friday as the S&P 500 tried to avoid another losing week amid busy earnings and rising bond yields.
***
RUPEE:
The Indian currency ended down on Friday tracking strong greenback following the hawkish speech by Chair Powell at the IMF event and a sell-off from domestic stocks on global risk-off sentiments.
Rupee in spot market ended at Rs 76.48/$1 compared with Rs 76.29/$1 at open Friday and Rs 76.14/$1 at close on Thursday.
***
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, dealers said.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 3.82%, compared with 3.98% at the previous close.
***
GILTS:
Government bond prices ended down on Friday due to a surge in US Treasury yields.
The 6.54%-2032 bond ended at Rs 95.6525 or 7.1662% yield compared with Rs 95.7400 or 7.1532% yield at open on Friday and Rs 95.8000 or 7.1440% yield at close on Thursday.
***
CRUDE OIL:
Brent crude oil futures traded at $106.40 a barrel at 4:05PM IST on Friday.
(End)
TNS MARKET ROUNDUP: Stocks, Rupee end down on rising COVID in China, hawkish Fed comment; Bonds up
MUMBAI, April 25 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended down for the second consecutive session, dragged by losses in metals, energy, realty, information technology stocks, amid concerns over rising Covid-19 cases in China, hawkish comments from U.S. Federal Reserve Chair Jerome Powell and geopolitical concerns arising over of Russia-Ukraine war. The Nifty closed 218.00 points, or 1.27% down at 16,953.95 on the NSE, while the Sensex ended at 56,579.89, down 617.26 points or 1.08% on the BSE.
***
EUROPEAN STOCKS:
Stocks in Europe tumbled Monday as fresh worries that spreading Covid cases and more lockdowns in China will hurt the global economy added to concerns that Federal Reserve tightening could also weaken growth prospects, Dow Jones reported. Despite some relief after French President Emmanuel Macron's re-election on Sunday, European markets have been overshadowed by broader macro-economic concerns and are tracking Friday's selloff on Wall Street and in China overnight, said Interactive Investor's Victoria Scholar.
Wall Street is bracing for another busy earnings week, with quarterly reports due from Apple, Meta Platforms, Alphabet, Amazon.com and Microsoft, among others. Dow futures dropped more than 300 points as Friday's losses were poised to resume.
***
RUPEE:
The Indian currency ended down on Monday amid strong greenback following the hawkish comment from Fed Chair Powell and a sell-off from domestic stocks due to rising cases of covid in China and continuing fallout of Russian-Ukraine war.
Rupee in spot market ended at Rs 76.69/$1 compared with Rs 76.61/$1 at open Monday and Rs 76.48/$1 at close on Friday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended up on Monday as importers hedged their future payable fearing that the spot par may breach $77 in the coming days.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 3.85%, compared with 3.82% at the previous close.
***
GILTS:
Government bond prices ended up on Monday as the impact of sharp fall in US Treasury yields and easing Brent crude oil prices prompted short covering among market participants.
The 6.54%-2032 bond ended at Rs 96.4925 or 7.0422% yield compared with Rs 95.5500 or 7.1816% yield at open on Monday and Rs 95.6525 or 7.1662% yield at close on Friday.
***
CRUDE OIL:
Brent crude oil futures traded at $102.26 a barrel at 4PM IST on Monday.
(End)
MUMBAI, April 25 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended down for the second consecutive session, dragged by losses in metals, energy, realty, information technology stocks, amid concerns over rising Covid-19 cases in China, hawkish comments from U.S. Federal Reserve Chair Jerome Powell and geopolitical concerns arising over of Russia-Ukraine war. The Nifty closed 218.00 points, or 1.27% down at 16,953.95 on the NSE, while the Sensex ended at 56,579.89, down 617.26 points or 1.08% on the BSE.
***
EUROPEAN STOCKS:
Stocks in Europe tumbled Monday as fresh worries that spreading Covid cases and more lockdowns in China will hurt the global economy added to concerns that Federal Reserve tightening could also weaken growth prospects, Dow Jones reported. Despite some relief after French President Emmanuel Macron's re-election on Sunday, European markets have been overshadowed by broader macro-economic concerns and are tracking Friday's selloff on Wall Street and in China overnight, said Interactive Investor's Victoria Scholar.
Wall Street is bracing for another busy earnings week, with quarterly reports due from Apple, Meta Platforms, Alphabet, Amazon.com and Microsoft, among others. Dow futures dropped more than 300 points as Friday's losses were poised to resume.
***
RUPEE:
The Indian currency ended down on Monday amid strong greenback following the hawkish comment from Fed Chair Powell and a sell-off from domestic stocks due to rising cases of covid in China and continuing fallout of Russian-Ukraine war.
Rupee in spot market ended at Rs 76.69/$1 compared with Rs 76.61/$1 at open Monday and Rs 76.48/$1 at close on Friday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended up on Monday as importers hedged their future payable fearing that the spot par may breach $77 in the coming days.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 3.85%, compared with 3.82% at the previous close.
***
GILTS:
Government bond prices ended up on Monday as the impact of sharp fall in US Treasury yields and easing Brent crude oil prices prompted short covering among market participants.
The 6.54%-2032 bond ended at Rs 96.4925 or 7.0422% yield compared with Rs 95.5500 or 7.1816% yield at open on Monday and Rs 95.6525 or 7.1662% yield at close on Friday.
***
CRUDE OIL:
Brent crude oil futures traded at $102.26 a barrel at 4PM IST on Monday.
(End)
TNS INDIA TODAY - What Markets Will Watch and Why - Apr 26
LOCAL EVENTS:
10:00 AM -- Road Transport Minister Nitin Gadkari, External Affairs
Minister S. Jaishankar, Defence Secretary Ajay Kumar, Health
Secretary Rajesh Bhushan, Niti Aayog Chief Executive Amitabh
Kant at Raisina Dialogue 2022 event in New Delhi.
-- Campus Activewear IPO opens for subscription in Mumbai.
***
MINT ROAD:
10:30AM-11:30AM -- RBI to auction 1 SDL worth Rs 1500 cr
***
US STOCKS:
Wall Street rose on Monday, with the Nasdaq ending sharply higher after Twitter agreed to be bought by billionaire Elon Musk, sparking a late day rally in growth stocks. Twitter ended up 5.6% after announcing it would be bought by Musk in a deal that will shift control of the social media giant to the world's richest person.
At close, Dow Jones Industrial Average rose 0.7% to 34,049.46, the S&P 500 gained 0.57% to 4,296.12 and the Nasdaq Composite climbed 1.29% to 13,004.85.
***
ASIAN STOCKS:
Asia-Pacific shares traded mixed on Tuesday morning as investors are set to closely watch market reaction to COVID fears in China as Beijing expands mass testing. Japan's Nikkei 225 rose 0.17%, while the Topix was flat. South Korea's Kospi rose 0.55%. Australian stocks however fell as trading resumed from a holiday on Monday. The S&P/ASX 200 plummeted 2.34% in early trade.
The Nifty futures were trading up 19.70 points at 17,148.20 at 8:31 AM IST in Singapore.
***
GLOBAL EVENTS:
TUESDAY
4:31 AM -- UK -- Rightmove House Price Index (YoY)(Apr)
5:00 AM -- Japan -- Jobs / Applicants Ratio(Mar)
-- Unemployment Rate(Mar)
7:30 AM -- New Zealand -- Credit Card Spending (YoY)(Mar)
10:30 AM -- Singapore -- Industrial Production (YoY)(Mar)
11:30 AM -- UK -- Public Sector Net Borrowing(Mar)
11:30 AM -- Switzerland -- Trade Balance(Mar)
6:00 PM -- US -- Durable Goods Orders(Mar)
-- Nondefense Capital Goods Orders ex
Aircraft(Mar)
6:25 PM -- US -- Redbook Index (YoY)(Apr 22)
6:30 PM -- US -- Housing Price Index (MoM)(Feb)
6:30 PM -- US -- S&P/Case-Shiller Home Price Indices
(YoY)(Feb)
7:30 PM -- US -- Consumer Confidence(Apr)
-- New Home Sales (MoM)(Mar)
-- Richmond Fed Manufacturing Index(Apr)
(End)
LOCAL EVENTS:
10:00 AM -- Road Transport Minister Nitin Gadkari, External Affairs
Minister S. Jaishankar, Defence Secretary Ajay Kumar, Health
Secretary Rajesh Bhushan, Niti Aayog Chief Executive Amitabh
Kant at Raisina Dialogue 2022 event in New Delhi.
-- Campus Activewear IPO opens for subscription in Mumbai.
***
MINT ROAD:
10:30AM-11:30AM -- RBI to auction 1 SDL worth Rs 1500 cr
***
US STOCKS:
Wall Street rose on Monday, with the Nasdaq ending sharply higher after Twitter agreed to be bought by billionaire Elon Musk, sparking a late day rally in growth stocks. Twitter ended up 5.6% after announcing it would be bought by Musk in a deal that will shift control of the social media giant to the world's richest person.
At close, Dow Jones Industrial Average rose 0.7% to 34,049.46, the S&P 500 gained 0.57% to 4,296.12 and the Nasdaq Composite climbed 1.29% to 13,004.85.
***
ASIAN STOCKS:
Asia-Pacific shares traded mixed on Tuesday morning as investors are set to closely watch market reaction to COVID fears in China as Beijing expands mass testing. Japan's Nikkei 225 rose 0.17%, while the Topix was flat. South Korea's Kospi rose 0.55%. Australian stocks however fell as trading resumed from a holiday on Monday. The S&P/ASX 200 plummeted 2.34% in early trade.
The Nifty futures were trading up 19.70 points at 17,148.20 at 8:31 AM IST in Singapore.
***
GLOBAL EVENTS:
TUESDAY
4:31 AM -- UK -- Rightmove House Price Index (YoY)(Apr)
5:00 AM -- Japan -- Jobs / Applicants Ratio(Mar)
-- Unemployment Rate(Mar)
7:30 AM -- New Zealand -- Credit Card Spending (YoY)(Mar)
10:30 AM -- Singapore -- Industrial Production (YoY)(Mar)
11:30 AM -- UK -- Public Sector Net Borrowing(Mar)
11:30 AM -- Switzerland -- Trade Balance(Mar)
6:00 PM -- US -- Durable Goods Orders(Mar)
-- Nondefense Capital Goods Orders ex
Aircraft(Mar)
6:25 PM -- US -- Redbook Index (YoY)(Apr 22)
6:30 PM -- US -- Housing Price Index (MoM)(Feb)
6:30 PM -- US -- S&P/Case-Shiller Home Price Indices
(YoY)(Feb)
7:30 PM -- US -- Consumer Confidence(Apr)
-- New Home Sales (MoM)(Mar)
-- Richmond Fed Manufacturing Index(Apr)
(End)
TNS MARKET ROUNDUP: Stocks, Rupee end up on likely inflows; bonds down on profit booking
MUMBAI, APR 26 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex snapped a two-day losing streak and logged the third best day of the month, aided by gains in auto, utilities, power, realty and FMCG stocks, amid a rebound in global equities. The Nifty closed 246.85 points, or 1.46% up at 17,200.80 on the NSE, while the Sensex ended at 56,356.61, up 776.72 points or 1.37% on the BSE.
***
EUROPEAN STOCKS:
Stocks in Europe steadied as sentiment improved slightly following Monday's turnaround on Wall Street, Dow Jones reported. However, gains were limited as fears about a resurgence of Covid-19 cases in China, and strict lockdowns imposed to fight the outbreak, have heightened investors' concerns about the global economy and prompted choppy trading in recent sessions. Soaring inflation is weighing on companies and consumers while the Federal Reserve's indications that it will quickly tighten monetary policy threaten to drag on growth.
US stock futures slipped as investors looked ahead to earnings from tech giants and markets continued to weigh the impacts of Covid-19 lockdowns in China.
***
RUPEE:
The Indian currency ended firm Tuesday on LIC IPO-related anticipated inflows and firm local stocks supported by slight pullback in dollar index.
Rupee in spot market ended at Rs 76.57/$1 compared with Rs 76.46/$1 at open Tuesday and Rs 76.69/$1 at close on Monday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended down on Tuesday as exporters hedged their future receivables fearing the spot par may fall further in anticipation of LIC IPO.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 3.76%, compared with 3.85% at the previous close.
***
GILTS:
Government bond prices ended down on Tuesday on profit booking after the yield on the 10-year benchmark bond fell by 12 basis points yesterday. Yields fell due to easing US Treasury yields and Brent crude oil prices, dealers said.
The 6.54%-2032 bond ended at Rs 96.4200 or 7.0530% yield compared with Rs 96.4200 or 7.0530% yield at open on Tuesday and Rs 96.4925 or 7.0422% yield at close on Monday.
***
CRUDE OIL:
Brent crude oil futures traded at $101.87 a barrel at 4PM IST on Tuesday.
(End)
MUMBAI, APR 26 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex snapped a two-day losing streak and logged the third best day of the month, aided by gains in auto, utilities, power, realty and FMCG stocks, amid a rebound in global equities. The Nifty closed 246.85 points, or 1.46% up at 17,200.80 on the NSE, while the Sensex ended at 56,356.61, up 776.72 points or 1.37% on the BSE.
***
EUROPEAN STOCKS:
Stocks in Europe steadied as sentiment improved slightly following Monday's turnaround on Wall Street, Dow Jones reported. However, gains were limited as fears about a resurgence of Covid-19 cases in China, and strict lockdowns imposed to fight the outbreak, have heightened investors' concerns about the global economy and prompted choppy trading in recent sessions. Soaring inflation is weighing on companies and consumers while the Federal Reserve's indications that it will quickly tighten monetary policy threaten to drag on growth.
US stock futures slipped as investors looked ahead to earnings from tech giants and markets continued to weigh the impacts of Covid-19 lockdowns in China.
***
RUPEE:
The Indian currency ended firm Tuesday on LIC IPO-related anticipated inflows and firm local stocks supported by slight pullback in dollar index.
Rupee in spot market ended at Rs 76.57/$1 compared with Rs 76.46/$1 at open Tuesday and Rs 76.69/$1 at close on Monday.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended down on Tuesday as exporters hedged their future receivables fearing the spot par may fall further in anticipation of LIC IPO.
On annualised basis, premium on one-year exact-month dollar/rupee contract ended at 3.76%, compared with 3.85% at the previous close.
***
GILTS:
Government bond prices ended down on Tuesday on profit booking after the yield on the 10-year benchmark bond fell by 12 basis points yesterday. Yields fell due to easing US Treasury yields and Brent crude oil prices, dealers said.
The 6.54%-2032 bond ended at Rs 96.4200 or 7.0530% yield compared with Rs 96.4200 or 7.0530% yield at open on Tuesday and Rs 96.4925 or 7.0422% yield at close on Monday.
***
CRUDE OIL:
Brent crude oil futures traded at $101.87 a barrel at 4PM IST on Tuesday.
(End)
TNS MARKET ROUNDUP: Stocks, bonds end down on selling by FPIs; Rupee up on IPO-related inflows
MUMBAI, APR 27 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended nearly one per cent down on Wednesday, a day before monthly F&O expiry of April contracts. The negative sentiment was also due to heavy selloff in the global markets led by elevated energy crisis and weak Chinese economic outlook underpinned by prospects of US rate hikes. The Nifty closed 162.40 points, or 0.94% lower at 17,038.40 on the NSE, while the Sensex ended at 56,819.39, down 537.22 points or 0.94% on the BSE.
***
EUROPEAN STOCKS:
Stocks in Europe European shares were slightly higher Wednesday, with investors juggling several concerns at once, including fears the Federal Reserve could knock the U.S. economy into recession as it battles high inflation, China's Covid outbreak and the ongoing war in Ukraine, Dow Jones reported.
US stock futures were pointing to gains for Wall Street, with tech in focus following mixed results from Microsoft and Alphabet and the worst day for Nasdaq since 2020. An attempt at a rebound for technology stocks could stem from upbeat numbers from Microsoft. Its shares climbed in after-hours trading. But Alphabet reported sales and earnings that came in short of estimates, and shares fell in late trading.
***
RUPEE:
The Indian currency ended firm on Wednesday on IPO-related inflows including LIC IPO related anticipated inflows, dealers said
Rupee in spot market ended at Rs 76.53/$1 Wednesday compared to previous close of Rs 76.57/$1
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended up on Wednesday as some importers hedged their future payables taking advantage of fall in spot pair during late trade Wednesday, dealers said.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 3.84% on Wednesday versus 3.76% at close on Tuesday.
***
GILTS:
Government bond prices ended down on Wednesday tracking rise in US Treasury yields and Brent crude oil prices, currently trading above $105/bbl.
The 6.54%-2032 bond ended at Rs 96.2225 or 7.0822% yield compared with Rs 96.4000 or 7.0560% yield at open on Wednesday and Rs 96.4200 or 7.0530% yield at close on Tuesday
***
CRUDE OIL:
Brent crude oil futures traded at $105.43 a barrel at 4PM IST on Wednesday.
(End)
MUMBAI, APR 27 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and Sensex ended nearly one per cent down on Wednesday, a day before monthly F&O expiry of April contracts. The negative sentiment was also due to heavy selloff in the global markets led by elevated energy crisis and weak Chinese economic outlook underpinned by prospects of US rate hikes. The Nifty closed 162.40 points, or 0.94% lower at 17,038.40 on the NSE, while the Sensex ended at 56,819.39, down 537.22 points or 0.94% on the BSE.
***
EUROPEAN STOCKS:
Stocks in Europe European shares were slightly higher Wednesday, with investors juggling several concerns at once, including fears the Federal Reserve could knock the U.S. economy into recession as it battles high inflation, China's Covid outbreak and the ongoing war in Ukraine, Dow Jones reported.
US stock futures were pointing to gains for Wall Street, with tech in focus following mixed results from Microsoft and Alphabet and the worst day for Nasdaq since 2020. An attempt at a rebound for technology stocks could stem from upbeat numbers from Microsoft. Its shares climbed in after-hours trading. But Alphabet reported sales and earnings that came in short of estimates, and shares fell in late trading.
***
RUPEE:
The Indian currency ended firm on Wednesday on IPO-related inflows including LIC IPO related anticipated inflows, dealers said
Rupee in spot market ended at Rs 76.53/$1 Wednesday compared to previous close of Rs 76.57/$1
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended up on Wednesday as some importers hedged their future payables taking advantage of fall in spot pair during late trade Wednesday, dealers said.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 3.84% on Wednesday versus 3.76% at close on Tuesday.
***
GILTS:
Government bond prices ended down on Wednesday tracking rise in US Treasury yields and Brent crude oil prices, currently trading above $105/bbl.
The 6.54%-2032 bond ended at Rs 96.2225 or 7.0822% yield compared with Rs 96.4000 or 7.0560% yield at open on Wednesday and Rs 96.4200 or 7.0530% yield at close on Tuesday
***
CRUDE OIL:
Brent crude oil futures traded at $105.43 a barrel at 4PM IST on Wednesday.
(End)
TNS INDIA TODAY - What Markets Will Watch and Why - Apr 28
LOCAL EVENTS:
9:30 AM -- Commerce Minister Piyush Goyal, Civil Aviation Joint Secretary
Amber Dubey, Department for Promotion of Industry and Internal
Trade Additional Secretary Anil Agarwal and other industry
delegates at CII Global Unicorn summit.
10:00 AM -- Rainbow Children's Medicare IPO subscription continues in Mumbai.
12:00 PM -- ICICI Bank Executive Director Anup Bagchi at a media conference for
launch of a digital initiative in Mumbai.
5:00 PM -- Campus Activewear IPO subscription closes in Mumbai.
***
MINT ROAD:
---- NO MAJOR EVENTS ----
***
US STOCKS:
The S&P 500 ended higher on Wednesday following a steep drop the day before, with strong revenue forecasts from Microsoft and Visa helping to alleviate worries about slowing global economic growth and rising interest rates. Microsoft Corp rallied after the software heavyweight late on Tuesday gave a strong revenue forecast, while payments network Visa Inc jumped after it predicted revenue above pre-pandemic levels.
At close, Dow Jones Industrial Average rose 0.19% to 33,301.93, the S&P 500 gained 0.21% to 4,183.92 and the Nasdaq Composite dropped 0.01%, to 12,488.93.
***
ASIAN STOCKS:
Asia-Pacific shares were higher in Thursday morning trade, as investors in the region look ahead to the Bank of Japan’s latest monetary policy decision. The Nikkei 225 in Japan rose fractionally while the Topix index climbed 0.31%. South Korea’s Kospi advanced 0.32% while the S&P/ASX 200 in Australia gained 0.94%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.21% higher.
The Nifty futures were trading up 32.15 points at 17,091.20 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
THURSDAY
5:20 AM -- Japan -- Foreign Bond Investment (Apr 22)
-- Industrial Production (YoY)(Mar) PREL
-- Large Retailer Sales(Mar)
-- Retail Trade (YoY)(Mar)
6:30 AM -- New Zealand -- ANZ Activity Outlook(Apr)
-- ANZ Business Confidence(Apr)
8:00 AM -- Singapore -- Unemployment rate(Q1) PREL
8:30 AM -- Japan -- BoJ Interest Rate Decision
-- BoJ Monetary Policy Statement
10:30 AM -- Japan -- Annualized Housing Starts(Mar)
-- Construction Orders (YoY)(Mar)
-- Housing Starts (YoY)(Mar)
11:30 AM -- Japan -- BoJ Press Conference
12:30 PM -- Spain -- Consumer Price Index (YoY)(Apr) PREL
-- HICP (YoY)(Apr) PREL
-- Unemployment Survey(Q1)
12:30 PM -- EMU -- ECB’s De Guindos speech
1:30 PM -- Italy -- Business Confidence(Apr)
-- Consumer Confidence(Apr)
1:30 PM -- EMU -- Economic Bulletin
2:30 PM -- Italy -- Industrial Sales n.s.a. (YoY)(Feb)
2:30 PM -- EMU -- Business Climate(Apr)
-- Consumer Confidence(Apr)
-- Economic Sentiment Indicator(Apr)
-- Industrial Confidence(Apr)
-- Services Sentiment(Apr)
5:30 PM -- Germany -- Consumer Price Index (YoY)(Apr) PREL
-- Harmonized Index of Consumer Prices
(YoY)(Apr) PREL
6:00 PM -- US -- Continuing Jobless Claims (Apr 15)
-- Core Personal Consumption Expenditures
LOCAL EVENTS:
9:30 AM -- Commerce Minister Piyush Goyal, Civil Aviation Joint Secretary
Amber Dubey, Department for Promotion of Industry and Internal
Trade Additional Secretary Anil Agarwal and other industry
delegates at CII Global Unicorn summit.
10:00 AM -- Rainbow Children's Medicare IPO subscription continues in Mumbai.
12:00 PM -- ICICI Bank Executive Director Anup Bagchi at a media conference for
launch of a digital initiative in Mumbai.
5:00 PM -- Campus Activewear IPO subscription closes in Mumbai.
***
MINT ROAD:
---- NO MAJOR EVENTS ----
***
US STOCKS:
The S&P 500 ended higher on Wednesday following a steep drop the day before, with strong revenue forecasts from Microsoft and Visa helping to alleviate worries about slowing global economic growth and rising interest rates. Microsoft Corp rallied after the software heavyweight late on Tuesday gave a strong revenue forecast, while payments network Visa Inc jumped after it predicted revenue above pre-pandemic levels.
At close, Dow Jones Industrial Average rose 0.19% to 33,301.93, the S&P 500 gained 0.21% to 4,183.92 and the Nasdaq Composite dropped 0.01%, to 12,488.93.
***
ASIAN STOCKS:
Asia-Pacific shares were higher in Thursday morning trade, as investors in the region look ahead to the Bank of Japan’s latest monetary policy decision. The Nikkei 225 in Japan rose fractionally while the Topix index climbed 0.31%. South Korea’s Kospi advanced 0.32% while the S&P/ASX 200 in Australia gained 0.94%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.21% higher.
The Nifty futures were trading up 32.15 points at 17,091.20 at 8:30 AM IST in Singapore.
***
GLOBAL EVENTS:
THURSDAY
5:20 AM -- Japan -- Foreign Bond Investment (Apr 22)
-- Industrial Production (YoY)(Mar) PREL
-- Large Retailer Sales(Mar)
-- Retail Trade (YoY)(Mar)
6:30 AM -- New Zealand -- ANZ Activity Outlook(Apr)
-- ANZ Business Confidence(Apr)
8:00 AM -- Singapore -- Unemployment rate(Q1) PREL
8:30 AM -- Japan -- BoJ Interest Rate Decision
-- BoJ Monetary Policy Statement
10:30 AM -- Japan -- Annualized Housing Starts(Mar)
-- Construction Orders (YoY)(Mar)
-- Housing Starts (YoY)(Mar)
11:30 AM -- Japan -- BoJ Press Conference
12:30 PM -- Spain -- Consumer Price Index (YoY)(Apr) PREL
-- HICP (YoY)(Apr) PREL
-- Unemployment Survey(Q1)
12:30 PM -- EMU -- ECB’s De Guindos speech
1:30 PM -- Italy -- Business Confidence(Apr)
-- Consumer Confidence(Apr)
1:30 PM -- EMU -- Economic Bulletin
2:30 PM -- Italy -- Industrial Sales n.s.a. (YoY)(Feb)
2:30 PM -- EMU -- Business Climate(Apr)
-- Consumer Confidence(Apr)
-- Economic Sentiment Indicator(Apr)
-- Industrial Confidence(Apr)
-- Services Sentiment(Apr)
5:30 PM -- Germany -- Consumer Price Index (YoY)(Apr) PREL
-- Harmonized Index of Consumer Prices
(YoY)(Apr) PREL
6:00 PM -- US -- Continuing Jobless Claims (Apr 15)
-- Core Personal Consumption Expenditures
(QoQ)(Q1) PREL
-- Gross Domestic Product Annualized(Q1)
PREL
-- Gross Domestic Product Price Index(Q1)
PREL
-- Initial Jobless Claims 4-week average
(Apr 22)
7:30 PM -- EMU -- ECB’s Elderson speech
8:00 PM -- US -- EIA Natural Gas Storage Change (Apr 22)
8:30 PM -- US -- Kansas Fed Manufacturing Activity(Apr)
8:30 PM -- Japan -- Showa Day
(End)
-- Gross Domestic Product Annualized(Q1)
PREL
-- Gross Domestic Product Price Index(Q1)
PREL
-- Initial Jobless Claims 4-week average
(Apr 22)
7:30 PM -- EMU -- ECB’s Elderson speech
8:00 PM -- US -- EIA Natural Gas Storage Change (Apr 22)
8:30 PM -- US -- Kansas Fed Manufacturing Activity(Apr)
8:30 PM -- Japan -- Showa Day
(End)
TNS MARKET ROUNDUP: Stocks, rupee end up on likely inflows; Bonds down as oil rebounds
MUMBAI, APR 28 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and ended sharply higher on Thursday led by gains in index heavyweights like Reliance Industries, Infosys, Hindustan Unilever, ICICI Bank and Larsen & Toubro as April futures and option contracts expired. The Nifty closed 206.65 points, or 1.21% lower at 17,245.05 on the NSE, while the Sensex ended at 57,521.06, up 701.67 points or 1.23% on the BSE.
***
EUROPEAN STOCKS:
US stock futures pointed to a stronger start, with Meta stock storming 17% higher in premarket trading. Meta's better-than-forecast subscriber numbers sets the stage for two other megacap tech stock results after the close, Amazon.com and Apple. Besides the tech results, investors also will be looking at the first-quarter gross domestic product numbers.
***
RUPEE:
The Indian currency ended up on Thursday due to IPO related inflows and inflows into local stocks tracking supportive trend in global market, dealers said.
Rupee in spot market ended at Rs 76.48/$1 Thursday compared to previous close of Rs 76.53/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended lower on Thursday as some banks hedged their future receivables on fear of further appreciation in rupee after spot pair fell below Rs 76.50/$1, dealers said.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 3.81% on Thursday versus 3.84% at close on Wednesday.
***
GILTS:
Government bond prices ended down on Thursday on selling ahead of a weekly bond auction even as Brent crude oil prices rose.
The 6.54%-2032 bond ended at Rs 95.7250 or 7.1560% yield compared with Rs 96.1200 or 7.0975% yield at open on Thursday and Rs 96.2225 or 7.0822% yield at close on Wednesday.
***
CRUDE OIL:
Brent crude oil futures traded at $105.69 a barrel at 4PM IST on Thursday.
(End)
MUMBAI, APR 28 (TickerNews Service):
STOCKS:
The Indian stock indices, Nifty and ended sharply higher on Thursday led by gains in index heavyweights like Reliance Industries, Infosys, Hindustan Unilever, ICICI Bank and Larsen & Toubro as April futures and option contracts expired. The Nifty closed 206.65 points, or 1.21% lower at 17,245.05 on the NSE, while the Sensex ended at 57,521.06, up 701.67 points or 1.23% on the BSE.
***
EUROPEAN STOCKS:
US stock futures pointed to a stronger start, with Meta stock storming 17% higher in premarket trading. Meta's better-than-forecast subscriber numbers sets the stage for two other megacap tech stock results after the close, Amazon.com and Apple. Besides the tech results, investors also will be looking at the first-quarter gross domestic product numbers.
***
RUPEE:
The Indian currency ended up on Thursday due to IPO related inflows and inflows into local stocks tracking supportive trend in global market, dealers said.
Rupee in spot market ended at Rs 76.48/$1 Thursday compared to previous close of Rs 76.53/$1.
***
FORWARD PREMIA:
The premium on dollar/rupee forward contract maturing in one year ended lower on Thursday as some banks hedged their future receivables on fear of further appreciation in rupee after spot pair fell below Rs 76.50/$1, dealers said.
On annualised basis, premium on one year exact month dollar/rupee contract ended at 3.81% on Thursday versus 3.84% at close on Wednesday.
***
GILTS:
Government bond prices ended down on Thursday on selling ahead of a weekly bond auction even as Brent crude oil prices rose.
The 6.54%-2032 bond ended at Rs 95.7250 or 7.1560% yield compared with Rs 96.1200 or 7.0975% yield at open on Thursday and Rs 96.2225 or 7.0822% yield at close on Wednesday.
***
CRUDE OIL:
Brent crude oil futures traded at $105.69 a barrel at 4PM IST on Thursday.
(End)