Morning Cuppa 11th March: Indian Markets, Global Markets and Commodity Update

Market Snapshot

Nifty- 24,261 (+0.97%)
Sensex- 78,205 (+0.82%)
FII- -4,672 Cr
DII- +6,333 Cr
GIFT nifty 24,330

Bond Market

• 10Y G-sec yield fell by 5bps and closed at 6.67%
• India secures additional LPG, LNG supplies from non-Hormuz routes.
• Govt relaxes FDI norms for China, other countries sharing land border

Corporate Updates

• Adani Enterprises arm buys balance 49% stake in DP Jain TOT Toll Roads
• Aditya Birla Capital invests ₹750 crore in Aditya Birla Housing Finance via rights issue
• IndiGo CEO Pieter Elbers has stepped down with immediate effect citing personal reasons, Rahul Bhatia will oversee operations during the transition.
• Indian Oil boosts LPG output as West Asia conflict hits global fuel flows
• State Bank of India to tap infrastructure bonds after a 16-month hiatus

Currency Market

• USD/INR at 91.80
• DXY at 98.93
• EUR/USD at 1.1611
• GBP/USD at 1.3418
• USD/JPY at 158.05

Global Markets

• US: Dow -0.07%, S&P 500 -0.21%, Nasdaq +0.01%
• Europe: FTSE +1.59%, DAX +2.39%, CAC +1.79%
• Asia: Nikkei +4.46%, Hang Seng +2.17%, Shanghai +0.65%

Commodities

• Brent $87.8/bbl(-11.28%), Gold $5,192/oz (+1.04%)
• Gold gains nearly 1% on softer dollar, cooling inflation concerns
• Oil dives, settles down 11% after Trump predicts Middle East de-escalation