Morning Cuppa 18th March: Indian Markets, Global Markets and Commodity Update

Market Snapshot

Nifty- 23,581 (+0.74%)
Sensex- 76,070 (+0.75%)
FII: -4741 Cr
DII: +5225 Cr
GIFT nifty 23,643

Bond Market

10Y G-sec increased by 1bps and closed at 6.71%

FY27 funds won’t be enough to meet targets under key programmes: Mospi
Two-thirds of unemployed youth are graduates: State of Working India report

Corporate Updates

• HEG gets relief as GST notice for ₹282 crore dropped for FY 2019-20
• Swan Defence promoter to sell 5% stake via OFS, up to 26 lakh shares on offer
• Kirloskar Ferrous partially halts Solapur plant operations amid LPG disruption
• Varun Beverages arm to acquire 100% stake in South Africa’s Crickley Dairy for ₹131 crore

Currency Market

USD/INR at 92.37
DXY at 99.55
EUR/USD at 1.1540
GBP/USD at 1.3356
USD/JPY at 159.01

Global Markets

US: Dow +0.10%, S&P 500 +0.25%, Nasdaq +0.47%
Europe: FTSE +0.83%, DAX +0.71%, CAC +0.49%
Asia: Nikkei +1.01%, Hang Seng +0.13%, Shanghai -0.85%

Commodities

Brent $103.42/bbl (+3.20%), Gold $5,006/oz (-0.01%)
Oil prices settle up 3% after renewed Iranian attacks on UAE

Gold steady as markets track Iran tensions, await Fed decision