Morning Cuppa 10th March: Indian Markets, Global Markets and Commodity Update

Market Snapshot

Nifty- 24,028 (-1.73%)
Sensex- 77,566 (-1.71%)
FII- -6,345 Cr
DII- +9,013 Cr
GIFT nifty 24,425

Bond Market

• 10Y G-sec yield increased by 4bps and closed at 6.72%
• India-Canada seek to reboot bilateral energy relations
• Crude at $115 per barrel could raise India’s oil import bill by $64 billion
• Mideast crisis: Trump says war against Iran ‘very complete’, claims Tehran has ‘nothing left’

Corporate Updates

• Powergrid greenlights ₹5,000 crore loan, approves ₹234 core substation security project
• Lemon Tree Hotels signs 76-room hotel in Gorakhpur, brings Uttar Pradesh portfolio to 26
• IRFC board approves ₹70,000 crore fundraising plan for FY27
• ABB to invest $75 million in India to scale manufacturing, R&D across five locations
• PG Electroplast shares fall 15% on LPG allocation cut due to US-Iran war

Currency Market

USD/INR at 92.33
DXY at 99.18
EUR/USD at 1.1637
GBP/USD at 1.3440
USD/JPY at 157.6

Global Markets

US: Dow +0.50%, S&P 500 +0.83%, Nasdaq +1.38%
Europe: FTSE -0.34%, DAX -0.77%, CAC -0.98%
Asia: Nikkei +3.96%, Hang Seng -1.35%, Shanghai -0.67%

Commodities

Brent $98.96/bbl(-8.57%), Gold $5,139/oz (+1.26%)
Gold drops as Iran war jolts global commodity markets
Oil falls over 6% as Trump predicts Middle East de-escalation