Morning Cuppa 02nd March: Indian Markets, Global Markets and Commodity Update

Nifty- 25,178 (-1.25%)
Sensex- 81,287 (-1.17%)
FII: -7536 Cr
DII: +12292 Cr
GIFT nifty 25,194

Bond Market

10Y G-sec fell by 3bps and closed at 6.66%

Corporate Updates

• Economists project FY27 growth to be over 7% in the new GDP series
• Net GST revenue collection up 7.9% at ₹1.61 trillion in February
• Kirloskar Brothers bags ₹214 crore order for thermal power pumps from Adani Power
• Bharat Biotech considers IPO to raise ₹4,000–5,000 crore
• Fino Payments Bank MD and CEO Rishi Gupta arrested; CFO Ketan Merchant takes charge
• GAIL board approves ₹1,736 crore wind power project in Maharashtra

Currency Market

USD/INR at 90.97
DXY at 97.61
EUR/USD at 1.1814
GBP/USD at 1.3486
USD/JPY at 156.06

Global Markets

US: Dow -1.05%, S&P 500 -0.43%, Nasdaq -0.92%
Europe: FTSE +0.59%, DAX -0.02%, CAC -0.47%
Asia: Nikkei +0.16%, Hang Seng +0.95%, Shanghai +0.39%

Commodities

Brent $72.48/bbl (+2.45%), Gold $5,277/oz (+1.75%)
Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say
Investors seek harbour in gold as US and Israel strike Iran