Morning Cuppa 12th Feb: Indian Markets, Global Markets and Commodity Update

Market Snapshot

Nifty- 25,953 (+0.07%)
Sensex- 84,233 (-0.05%)
FII: +943 Cr
DII: -125 Cr
GIFT nifty 25,899

Bond Market

10Y G-sec fell by 2bps and closed at 6.70%
India’s outbound FDI moderates to $3.42 billion in January, shows RBI data
UP govt tables ₹9.12 trillion annual Budget with a 12.9% yearly increase

Corporate Updates

Patanjali Foods Q3 profit slips 26% on rising costs; margins taper; revenue up 17%
Protean eGov Q3: Net slightly lower; margins rise, revenue up 13% on tax services, new biz
Kirloskar Oil Engines Q3: Net profit soars 56%, revenue up 29%; dividend announced
RBI nod allows ICICI Prudential, ICICI Bank group to buy up to 9.95% stake in Federal Bank

Currency Market

USD/INR at 90.70
DXY at 96.91
EUR/USD at 1.1871
GBP/USD at 1.3628
USD/JPY at 153.26

Global Markets

US: Dow -0.13%, S&P 500 -0.01%, Nasdaq -0.16%
Europe: FTSE +1.14%, DAX -0.53%, CAC -0.18%
Asia: Nikkei +0.44%, Hang Seng +0.31%, Shanghai +0.09%

Commodities

Brent $69.40/bbl (+0.87%), Gold $5,078/oz (+1.10%)
Oil prices rise on concerns about US-Iran tensions
Gold gains over 1% as buyers shrug off strong US jobs data