Recap on Domestic markets

 Let's quickly summarize the price moves in the domestic market:

Asian markets echoed the risk sentiment seen overnight. Domestic equities continue to trade lower with price range in a narrow band of 17820 - 17885. RBI LAF window saw injection of 11K crore yesterday. USDINR traded heavy at the 82.60 region and by 1:30 pm IST fell to 82.29 lows while the forward curve consolidated the recent fall in premiums. The action was muted across OIS curves and G-sec curve.

1Y OIS flat at 6.8150% and 5Y paid 3 bps higher at 6.39%.

Other news of interest:

China's Alibaba Group sells its entire remaining 3.4% stake in Paytm

MSCI said it plans to cut the weightings for 4 Adani Group companies - Adani Enterprises, Adani Total Gas, Adani Transmission and recently acquired ACC Cements. The four companies had a combined 0.4% weighting in the MSCI emerging markets index as of Jan. 30. The changes come into effect on March 1. Acc to Periscope Analytics, around $570 million is estimated to be sold by passive funds across Adani Enterprises, Adani Total Gas and Adani Transmission on Feb. 28.