Morning Cuppa 25th March: Indian Markets, Global Markets and Commodity Update

Market Snapshot

Nifty- 22,512 (-2.60%)
Sensex- 72,696 (-2.46%)
FII: -10414 Cr
DII: +12033 Cr
GIFT nifty 22,874

Bond Market

10Y G-sec increased by 10bps and closed at 6.83% on Monday.

Govt collects ₹9,516 crore tax on undisclosed foreign assets in 3 years
India Inc to pull back on capex by 16.5% in FY27, says NSO Survey
NRI deposit flows fall 25.86% to $10.61 bn in April-January: RBI data

Corporate Updates

• LG Electronics India gets draft tax order with ₹573 crore disallowance for FY23
• Coal India to divest 25% stake in South Eastern Coalfields via IPO
• GOCL Corporation to sell Bengaluru Ecopolis land for ₹2,261 crore, to receive ₹815 crore
• Power Grid hikes FY26 capex guidance to ₹35,000 crore; raises capitalisation target

Currency Market

USD/INR at 93.97
DXY at 98.95
EUR/USD at 1.1613
GBP/USD at 1.3430
USD/JPY at 158.44

Global Markets

US: Dow +1.38%, S&P 500 +1.15%, Nasdaq +1.38%
Europe: FTSE -0.24%, DAX +1.22%, CAC +0.79%
Asia: Nikkei +3.60%, Hang Seng -3.54%, Shanghai -3.63%

Commodities

Brent $95.92/bbl (-10.39%), Gold $4,407/oz (-1.28%)
Oil prices plunge 11% on US-Iran talks to resolve hostilities in the Middle East

Gold trims losses as Trump postpones strikes on Iran’s energy assets