KEY HIGHLIGHTS
The 10-year Indian government bond yield Increases 0.91% to 5.849% from 5.796% in the week gone by. US 10 year benchmark decreases to -2.31% as compared to 0.694% in the previous week.
Fitch Ratings has revised the Outlook on India’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable and affirmed the rating at ‘BBB-‘. The corona virus pandemic has significantly weakened India’s growth outlook for this year and exposed the challenges associated with a high public-debt burden.
Rising tension between India and China, weak global cues kept a check on optimism in the Indian markets. There is a buzz in the street India may impose antidumping duty on imports of certain steel products from the EU, Japan, the US and Korea for five years to protect domestic players from cheap imports.
It’s expected that the markets to remain volatile as investors would track global cues and development around India-China border issues.
Globally, US leading economic index jumped by 2.8 % in May after plunging by 6.1 % in April and 7.5 % in March. UK Retail sales volume increased at a pace of 12 percent on month, in contrast to an 18 percent decrease in April. Sales were forecast to climb 5.7 %.
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FII/FPI IN DEBT MARKET
| DATE | PURCHASES | SALES | NET(cr) |
| Week ended
19th June |
6867.26 | 6355.51 | 511.75 |
| Week ended
12th June |
7106.25 | 5484.66 | 1621.59 |
GLOBAL INDICES
| INDEX | As on
19th June |
As on
12th June |
% change |
| S&P BSE SENSEX | 34731.73 | 33780.89 | 2.81% |
| NIFTY 50 | 10244.4 | 9972.9 | 2.72% |
| NASDAQ | 9946.12 | 9588.81 | 3.73% |
| FTSE 100 | 6292.6 | 6105.18 | 3.07% |
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POLICY RATES
| INSTRUMENT | Rate |
| Policy Repo Rate | 4.00% |
| Reverse Repo Rate | 3.35% |
| MSFR | 4.25% |
| Bank Rate | 4.25% |
| CRR | 3.00% |
| SLR | 18.00% |
| GDP | 4.2% |
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EXCHANGE RATES
| Rate | As on
19th June |
As on
12th June |
%Chg. |
| USD/INR | 76.26 | 76.05 | 0.28 |
| EUR/INR | 85.2355 | 85.6015 | -0.43 |
| GBP/INR | 94.243 | 95.378 | -1.19 |
| JPY/INR | 0.7134 | 0.7082 | 0.73 |
MACRO DATA
| PARTICULARS | CURRENT | PREVIOUS |
| Foreign Exchange Reserves ( June. 2020) | $500.0 b | $493.48 b |
| WPI Inflation YoY (Apr) | 0.0% | 1.00% |
| Inflation Rate YoY (Apr) | 5.68% | 5.91% |
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DOMESTIC INDICATORS
| INSTRUMENT | As on
19th June |
As on
12th June |
| 10 yr bond yield | 5.849% | 5.796% |
| 3yr bond yield | 4.483% | 4.556% |
| 1yr bond yield | 3.740% | 3.790% |
| US 10 yr benchmark yield | 0.694% | 0.710% |
G-SEC YIELDS
| Securities | Maturity | As on
19th June |
As on
12th June |
| 07.37 GS 2023 | 16/04/2023 | 4.4800% | 4.5600% |
| 07.32 GS 2024 | 28/01/2024 | 4.9000% | 4.9700% |
| 07.17 GS 2028 | 08/01/2028 | 4.0400% | 6.0300% |
COMMODITY
| INSTRUMENTS | As on
19th June |
As on
12th June |
%Chg. |
| CRUDE OIL | 42.19 | 38.73 | 8.20% |
| GOLD($) | 1753.0 | 1737.3 | 0.90% |
| SILVER($) | 17.847 | 17.482 | 2.05% |
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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