Morning Cuppa 23th March: Indian Markets, Global Markets and Commodity Update

Market Snapshot

Nifty- 23,114 (+0.49%)
Sensex- 74,532 (+0.44%)
FII: -5518 Cr
DII: +5706 Cr
GIFT nifty 22,845

Bond Market

10Y G-sec closed flat at 6.73% on Friday

India’s forex reserves fall $7 billion to $709.76 billion, shows RBI data
New I-T Act to ease compliance for small taxpayers: FM Nirmala Sitharaman
The infrastructure output in India rose by 2.3% annually in Feb’26, slowing from the upwardly revised 4.7% increase from the previous month, but still marking a fourth straight period of growth.

Corporate Updates

• Govt may consider OFS option for raising public float in IDBI Bank
• Tata Capital faces ₹413 crore income tax reassessment for FY 2017-18, plans appeal
• Union Bank of India raises ₹3,000 crore via long-term bonds; subscribed 3.12x
• DCX Systems wins ₹563-cr order for airborne maritime patrol radar systems

Currency Market

USD/INR at 93.71
DXY at 99.65
EUR/USD at 1.1571
GBP/USD at 1.3342
USD/JPY at 159.32

Global Markets

• US: Dow -0.96%, S&P 500 -1.51%, Nasdaq -2.01%
• Europe: FTSE -1.44%, DAX -2.01%, CAC -1.82%
• Asia: Nikkei -3.38%, Hang Seng -0.88%, Shanghai -1.24%

Commodities

• Brent $112.19/bbl (+3.26%), Gold $4,491/oz (-3.45)
• Oil jumps to highest settlement since July 2022 as more Mideast supply disrupted
• Asia Gold: India gold discounts ease on festive demand; China premiums ease