Global Events
World Markets.
US Market Mixed
Dow Down 327 (-0.68%)
NASDAQ UP 80 (+0.35%), S&P Down 8 (-0.11)
European Market Mixed
FTSE Down 3 (-0.03%), CAC UP 14 (+0.17%),
DAX Down 3 (-0.01%)
Asian Markets Negative
Nikkei Down 504 (-0.89%), Hang S. Down 247 (-0.96%),
Taiwan Down 1 (-0.00%), Kospi Down 66 (-1.13%), Shanghai Down 8 (-0.20%),
St.T Down 18 Points (-0.36%)
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US & Europene markets mixed, Asian markets down
Brent Crude jumped 7% and above 102 $ per barrel
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“The goal isn’t money, the goal is to spend your days as you wish.”
FX Hub: Drivers of Global and INR Markets:
USDINR: Exp Range: 92.60-93.50
US and Iranian delegations fail to reach common ground after 21 hours of negotiations, with both sides blaming the other for unreasonable demands. CENTCOM said US forces will begin blockading all maritime traffic to and from Iranian ports at 10 AM ET today. Stronger March US CPI reinforced the Fed’s higher-for-longer stance, signaling rates may stay elevated for longer. The rupee had ended marginally lower on Friday after a choppy session that saw it touch a three-week peak of 92.4150 per dollar before slipping to 92.7550 during the day. Phase 1 consisted of RBI measures to curb speculative attack on rupee has been successful but now back to reality and global factors. Brent Crude prices at $102/bbl while DXY at 98.65 levels.
Global Markets:
Japan’s Nikkei 225 fell 0.84%, while the Topix slipped 0.42%. South Korea’s Kospi was 1.83% lower, while the small-cap Kosdaq declined 1.43%. In Australia, the S&P/ASX 200 was 0.74% lower. Hong Kong Hang Seng index futures stood at 25,964, compared with the index’s last close of 25,893.54. Overnight on Wall Street, Dow Jones Industrial Average futures dropped by 517 points, or 1.1%. S&P 500 futures lost 1.1% and Nasdaq 100 futures shed 1.2%.
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Gift Nifty Down 352 (-1.46)
Dow Future Down 371
Nasdaq Future UP 211
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Domestic Events
Dollar UP 0.38 at 99.03
Rupees Down 0.06 paisa to close at 92.73 against US$
Sector Watch
Banking, Metal, Energy & Power, Capital Goods
Sector Avoid
IT, Realty, Auto
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