Update on the Markets

MORNING MEET UPDATE



• SGX NIFTY: 7562 (-23)
• CRUDE: Oil prices plunged more than 6% to fresh 12 year lows, WTI 31.41, Brent 31.56; Copper fell to 6.50 year lows
• $ INDEX: 98.78, CBOe ViX dropped by over 10% to 24.30; BOND YIELDS: 2.16%
• CURRENCIES: Euro 1.08, Yen 117.48, INR 66.81
• US MARKETS: ended mixed, while S&P (+0.09%) & Dow (+0.32%) scraped through in the green, Nasdaq ended lower by 0.12%
• Alcoa beat the street and sees record aluminium demand (6% increase) in 2016 and strong aerospace demand; it also sees China as an opportunity and not a threat
• EUROPEAN MARKETS: end lower from 0.25% to near 0.70%
• ASIAN MARKETS: mixed, Japan lower by over 2% (3 mnth lows) (as it catches up with yesterday’s global fall being shut for the day yesterday), China lower by over 1%, Hong Kong, Taiwan & S Korea flat in green
• AP’s retail policy aims to create 20K jobs by 2020; it’s the first state to unveil a retail policy
• PFC, REC to lend Rs. 1L cr to green energy sector
• Govt to permit transfer of non-auctioned captive mines
• CERC allows increase in electricity rate for Rel Power’s Sasan UMPP
• Aurobindo gets FDA nod to sell norethindrone acetate tablets in US
• Tata Motors global sales rise 7% in Dec
• Tata Steel ramps up production amidst declining prices; sales up 10% in Dec qtr, output up 11%
• Passenger vehicle sales in domestic market rose 10.46% in Dec aided by lower fuel prices & discounts, SIAM expects sales to grow at a faster pace this fiscal
• IDFC bank buys upto 10% stake in ASAI India for INR 8.50 cr
• MF inflows in Dec lowest since June 2014
• IIp, Inflation to be watched, results season kickstarts today with TCS and Indusind Bank declaring their numbers
• Stocks in F&O Ban: DLF, Ibrealty
• NIFTY WATCH: 7539-7495 zone for sustenance for a bounce