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Annual inflation. Argentina: 102% Turkey: 55% Russia: 11% UK: 10.4% Italy: 9.1% Germany: 8.7% Australia: 7.8% Mexico: 7.6% South Africa: 7% India: 6.4% France: 6.3% Spain: 6% US: 6% Brazil: 5.6% Canada: 5.2% Indonesia: 5.4% South Korea: 4.8% Japan: 3.3% Saudi: 3% China: 1%
Key Events This Week: 1. Consumer Confidence data on Tuesday 2. Home sales data on Wednesday 3. Q4 2022 GDP data on Thursday 4. Treasury Sec. Yellen speaks on Thursday 5. PCE inflation data on Friday 6. 4 Fed speakers this week
U.S. ECONOMIC DATA THIS WEEK: *CB CONSUMER CONFIDENCE (TUES.) *RICHMOND FED MANUFACTURING INDEX (TUES.) *PENDING HOME SALES (WED.) *Q4 GDP (THURSDAY.) *JOBLESS CLAIMS (THURSDAY.) *CORE PCE PRICE INDEX (FRI.) *CHICAGO PMI (FRI.)
#Stocks under F&O #ban on NSE The National Stock Exchange has retained #HindustanAeronautics and #Indiabulls Housing Finance on its F&O ban list for March 27.
#IndusInd Bank: The private sector lender has announced the appointment of Vikas Muttoo as COO & Head Member Services of its subsidiary Bharat Financial Inclusion.
#Alembic Pharmaceuticals: The United States Food and Drug Administration (USFDA) conducted an inspection at Alembic Pharmaceuticals' injectable and ophthalmic facility (F-3) at Karkhadi during March 16-24. The USFDA has issued a Form 483 with 2 minor procedural observations.
#BEL has also received several contracts adding to Rs 1,300 crore in the last fortnight from the Indian Navy.
Bharat Electronics: The defence ministry has signed a Rs 3,000-crore contract with Bharat Electronics for the supply of integrated electronic warfare systems to the Indian Army.
Sun Pharmaceutical Industries: The pharma major has entered into an agreement to acquire a 60 percent shareholding in Vivaldis Health and Foods for Rs 143.3 crore. The remaining 40 percent shareholding will be acquired in the future on certain terms and conditions.
The board had in January 2023 approved the amalgamation of subsidiaries L&T Finance, L&T Infra Credit, and L&T Mutual Fund Trustee with L&T Finance Holdings via merger.
L&T Finance Holdings: The Reserve Bank of India has given its approval for the merger of L&T Finance, L&T Infra Credit & L&T Mutual Fund Trustee with L&T Finance Holdings.
#Investors' meetings on March 27 Landmark Cars: Officials of the company will interact with Motilal Oswal Financial Services. Sundram Fasteners: The company's officials will interact with Capital Group and Marcellus Investment Managers.
Bharti Airtel's mcap jumped Rs 2,787.57 crore to Rs 4,24,964.64 crore, and that of HDFC advanced Rs 384.89 crore to Rs 4,69,845.34 crore.
The valuation of Hindustan Unilever rallied Rs 7,542.19 crore to Rs 5,82,816.11 crore, and ITC climbed Rs 3,664.01 crore to Rs 4,70,360.22 crore.
The mcap of Reliance Industries declined by Rs 13,226.53 crore to Rs 14,90,775.40 crore, and HDFC Bank dipped Rs 5,901.76 crore to Rs 8,71,416.33 crore. However, ICICI Bank added Rs 10,905.18 crore, taking its valuation to Rs 5,94,888.25 crore.
The market capitalisation (mcap) of Infosys tumbled by Rs 25,217.2 crore to Rs 5,72,687.97 crore. The valuation of State Bank of India fell Rs 21,062.08 crore to Rs 4,51,228.38 crore, and that of TCS tanked Rs 21,039.55 crore to Rs 11,42,154.59 crore.
🔸The BankNifty is already witnessing high rollover of positions where April series holds nearly 22 lakh shares and near month OI also remains above 20 lakh shares. So far, the Bank Nifty has relatively outperformed due to private sector banking heavyweights.
🟠BankNifty 🔸The Bank Nifty has also lost ~0.5% & failed to move above its March series VWAP level of 40200. The sell-off was experienced from higher levels on weekly expiry. In the last 2 days, Bank Nifty witnessed selling pressure near 40,000 level
🔸Net shorts from #FIIs have remained elevated near 1.85 lakh contracts and only marginal closure was seen post Fed policy. We do not think such aggressive shorts will be rolled into April series and such high shorts are likely to create volatility in markets #Nifty #ICICIdirect
India #VIX The volatility has increased for the third consecutive week but overall, it was still within the previous week's range. India VIX, the fear index, rose 3.2 percent to 15.24, taking the total increase to 25 percent in three weeks.
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