Morning Cuppa 04th March: Indian Markets, Global Markets and Commodity Update

Nifty- 24,865 (-1.24%)
Sensex- 80,238 (-1.29%)
FII: -3295 Cr
DII: +8593 Cr
GIFT nifty 24,435

Bond Market

• 10Y G-sec increased by 2bps and closed at 6.68%

Bond Market

• India ‘well stocked’ with crude oil to meet supply disruptions: Puri
• Manufacturing PMI climbs to four-month high in Feb, rises to 56.9
• Hindustan Aeronautics shares in focus after ₹2,901 crore order win from Defence Ministry
• United Spirits wins CESTAT case, ₹141 crore excise duty and penalty dropped
• Biocon acquires OCRPS of Biocon Biosphere, Biocon Pharma for ₹315 crore
• Newgen Software Technologies’ US subsidiary bags $1.495 million Caribbean contract

Currency Market

USD/INR at 91.47
DXY at 99.07
EUR/USD at 1.1614
GBP/USD at 1.3357
USD/JPY at 157.74

Global Markets

US: Dow -0.83%, S&P 500 -0.94%, Nasdaq -1.02%
Europe: FTSE -2.75%, DAX -3.44%, CAC -3.46%
Asia: Nikkei -5.41%, Hang Seng -1.12%, Shanghai -1.43%

Commodities

Brent $81.40/bbl (+4.71%), Gold $5,087/oz (-4.50%)
Oil prices extend advance as traders gauge US escort plan for Strait of Hormuz
Gold eases from four-week high; silver drops nearly 4% on COMEX