Morning Cuppa 17th Feb: Indian Markets, Global Markets and Commodity Update

Market Snapshot

Nifty- 25,682 (+0.83%)
Sensex- 83,277 (+0.79%)
FII: -972 Cr
DII: +1666 Cr
GIFT nifty 25,637

Bond Market

10Y G-sec fell by 2bps and closed at 6.66%
India’s wholesale inflation climbs to 10-month high of 1.8 % in January
Imports up 19% in January as India’s trade deficit widens to $34.68 bn

Corporate Updates

• Poonawalla Fincorp to raise up to ₹1,000 crore via NCD issue
• Cochin Shipyard bags Navy vessel contract worth ₹5,000 crore
• Seamec vessel chartered for ONGC west coast project in contract worth $460k
• BSE, Angel One shares fall up to 10% after RBI tightens capital market exposure norms

Currency Market

• USD/INR at 90.65
• DXY at 97.10
• EUR/USD at 1.1851
• GBP/USD at 1.3628
• USD/JPY at 153.56

Global Markets

US: Dow +0.10%, S&P 500 +0.05%, Nasdaq -0.22%
Europe: FTSE +0.26%, DAX -0.46%, CAC +0.06%
Asia: Nikkei -1.14%, Hang Seng +0.52%, Shanghai -1.26%

Commodities

Brent $68.65/bbl (+1.33%), Gold $4,989/oz (-0.61%)
Oil prices rise 1% ahead of US-Iran nuclear talks
Gold falls 1% on firmer dollar, thin Asia trade