Market Snapshot

Nifty- 24,480 (-1.55%)
Sensex- 79,116 (-1.40%)
FII: -8752 Cr
DII: +12068 Cr
GIFT nifty 24,721

Bond Market

10Y G-sec fell by 1bps and closed at 6.67%

Corporate Updates

• February PMI services comes in at 58.1; new order growth at 13-month low
• Qatar shuts LNG output; supplies to India hit, city gas sector flags crisis
• ICRA upgrades Vodafone Idea’s loan rating to ‘BBB’, outlook raised to positive
• Polycab India faces ₹327 crore tax demand for AY25; to seek rectification and file appeal
• HUL sells full stake in Wellbeing Nutrition for ₹307 crore; moves to fully own OZiva
• Motilal Oswal Home Finance signs $100 million NCD deal with Asian Development Bank

Currency Market

USD/INR at 92.14
DXY at 98.78
EUR/USD at 1.1633
GBP/USD at 1.3377
USD/JPY at 157.06

Global Markets

US: Dow +0.49%, S&P 500 +0.78%, Nasdaq +1.29%
Europe: FTSE +0.80%, DAX +1.74%, CAC +0.79%
Asia: Nikkei -0.02%, Hang Seng -2.01%, Shanghai -0.98%

Commodities

Brent $81.40/bbl (+0.00%), Gold $5,135/oz (+0.95%)
Americas heavy crude prices hit multi-year highs as Iran conflict disrupts oil markets
Gold gains on safe-haven demand, softer dollar