Morning Cuppa 20th March: Indian Markets, Global Markets and Commodity Update

Market Snapshot

Nifty- 23,002 (-3.26%)
Sensex- 74,207 (-3.26%)
FII: -7558 Cr
DII: +3863 Cr
GIFT nifty 23,184

Bond Market

10Y G-sec closed at 6.73% on Wednesday and Thursday was a holiday.

India-UK FTA likely to be implemented by early May; EU by year-end
US national debt surges past $39 trillion just weeks into war with Iran

Corporate Updates

ICICI Bank gets ₹769 crore GST demand notice
JK Cement emerges preferred bidder for 350-hectare limestone block in MP
HCC JV wins ₹1,662 crore Goregaon-Mulund Link Road contract from BMC
NTPC signs pact with Octopus Energy to expand global energy play

Currency Market

USD/INR at 92.63
DXY at 99.23
EUR/USD at 1.1589
GBP/USD at 1.3432
USD/JPY at 157.54

Global Markets

US: Dow -0.44%, S&P 500 -0.27%, Nasdaq -0.28%
Europe: FTSE -2.35%, DAX -2.82%, CAC -2.03%
Asia: Nikkei -3.38%, Hang Seng -2.02%, Shanghai -1.39%

Commodities

Brent $108.65/bbl (+1.18%), Gold $4,651/oz (-3.47%)
Asian Imports of Russian Fuel Oil Are Set to Hit a Record High

Gold slides on bets for higher interest rates for longer amid raging Iran war