Morning Cuppa 13th March: Indian Markets, Global Markets and Commodity Update

Market Snapshot

Nifty- 23,639 (-0.95%)
Sensex- 76,034 (-1.08%)
FII- -7,049 Cr
DII- +7,449 Cr
GIFT nifty 23,568

Bond Market

• 10Y G-sec yield increased by 3bps and closed at 6.67%

US starts tariff investigation against India and 15 other countries
India dials Iran for safe transit of its vessels through Strait of Hormuz
Retail inflation rose to 3.2% in Feb on higher food, precious metal prices

Corporate Updates

• HCLTech expands Google Cloud partnership to accelerate Agentic AI adoption
• Adani Ports buys back $199.5 million of notes in $495 million cash tender offer
• India plans new $11 billion fund to support local chipmaking business
• VA Tech Wabag shares gain 3% after Chennai water treatment plant order worth over ₹1,000 crore
• Kalpataru inks ₹1,400 crore redevelopment project in Mumbai’s Andheri West

Currency Market

• USD/INR at 92.19
• DXY at 99.67
• EUR/USD at 1.1511
• GBP/USD at 1.3343
• USD/JPY at 159.35

Global Markets

• US: Dow -1.56%, S&P 500 -1.52%, Nasdaq -1.78%
• Europe: FTSE -0.47%, DAX -0.21%, CAC -0.71%
• Asia: Nikkei -2.80%, Hang Seng -0.70%, Shanghai -0.10%

Commodities

• Brent $100.46/bbl(+9.22%), Gold $5,080/oz (-1.87%)
• Gold slips over 1% on strong dollar, easing rate-cut bets
• Oil settles up 9% as Iran vows to keep Strait of Hormuz closed