KEY HIGHLIGHTS
The 10-year Indian government bond yield Increases -1.87% to 6.081% from 5.967% in the week gone by. US 10 year benchmark decreases to 6.37% as compared to 0.685% in the previous week.
Crude oil may witness upside movement as IEA forecasted crude stockpiles would start to shrink in H2, 2020 after surging while the Covid-19 pandemic slashed fuel demand.
Indian market is still in a state of shock despite announcement of stimulus package by indian government during covid pandemic.
Investors are still on a conservative approach before investing in the market. Sectors which were the main focus of third installment of stimulus package are agriculture and allied services including fisheries, animal husbandry and dairy etc. Moreover, finance ministry will continue to provide financial support in upcoming time during the crisis created by this pandemic.
Globally, US import prices plunged by 2.6 % in April after tumbling by a revised 2.4 % in March. Economists had expected import prices to plummet by 3.1 % compared to the 2.3 % slump originally reported for the previous month.
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FII/FPI IN DEBT MARKET
| DATE | PURCHASES | SALES | NET(cr) |
| Week ended
15th May |
6170.56 | 14122.84 | -7952.28 |
| Week ended
8th May |
27324.01 | 10304.46 | 17019.55 |
GLOBAL INDICES
| INDEX | As on
15th May |
As on
8th May |
%Chg. |
| S&P BSE SENSEX | 31097.73 | 31642.7 | -1.72 |
| NIFTY 50 | 9136.85 | 9251.5 | -1.24 |
| NASDAQ | 9014.56 | 9121.32 | -1.17 |
| FTSE 100 | 5799.77 | 5935.98 | -2.29 |
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POLICY RATES
| INSTRUMENT | Rate |
| Policy Repo Rate | 4.40% |
| Reverse Repo Rate | 3.75% |
| MSFR | 5.40% |
| Bank Rate | 5.40% |
| CRR | 3.00% |
| SLR | 21.50% |
| GDP | 4.7s% |
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EXCHANGE RATES
| Rate | As on
15th May |
As on
8th May |
%Chg. |
| USD/INR | 75.83 | 75.535 | 0.39 |
| EUR/INR | 82.0175 | 81.884 | 0.16 |
| GBP/INR | 91.8 | 93.731 | -2.06 |
| JPY/INR | 0.7081 | 0.7086 | -0.07 |
MACRO DATA
| PARTICULARS | CURRENT | PREVIOUS |
| Foreign Exchange Reserves (15 may/April. 2020) | $485.318 b | $474.660 b |
| WPI Inflation YoY (Feb) | 2.26% | 3.1% |
| Inflation Rate YoY (Jan) | 6.58% | 7.59% |
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DOMESTIC INDICATORS
| INSTRUMENT | As on
15th May |
As on
8th May |
| 10 yr bond yield | 6.081% | 5.967% |
| 3yr bond yield | 4.764% | 4.624% |
| 1yr bond yield | 3.820% | 3.870% |
| US 10 yr benchmark yield | 0.644% | 0.685% |
G-SEC YIELDS
| Securities | Maturity | As on
15th May |
As on
8th May |
| 07.37 GS 2023 | 16/04/2023 | 4.7600% | 4.6100% |
| 07.32 GS 2024 | 28/01/2024 | 5.0800% | 4.9400% |
| 07.17 GS 2028 | 08/01/2028 | 6.1500% | 6.0900% |
COMMODITY
| INSTRUMENTS | As on
15th May |
As on
8th May |
%Chg. |
| CRUDE OIL | 32.5 | 30.97 | 4.71% |
| GOLD($) | 1756.3 | 1713.9 | 2.41% |
| SILVER($) | 17.07 | 15.778 | 7.57% |
DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014
Elite Wealth Advisors Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more
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