KEY HIGHLIGHTS

The 10-year government bond yield decreases 2.68% to 6.60 from 6.78 in the previous week. US 10 year benchmark increased 4.18% to 1.919 as compared to 1.842 in the previous week. The g-sec yields ended lower this week.

Indian key benchmark Index Nifty rose to fresh record highs on 4 consecutive days, the index this week ended on a positive note with Nifty gaining +1.50% and BSE Sensex +1.6% and finally settled at 12271 and 41681.54 respectively. Currently, very few stocks have made 52-week highs, which is one of the least in last few years, when indices sit at new highs.In the current trading week among the major sectors, FMCG-consumer has outperformed with 3.3%, followed by Metals and Mining and Realty with 3.02% and 2.12% respectively.Going ahead in the forthcoming week market is likely to remain range bound in the holiday-shortened week and domestic political development would be the driving force.

In a surprise move, RBI announced special open market operation to buy bonds worth Rs 10,000 crore and sell bonds of similar worth simultaneously. This step was taken specifically to lower longer-term yields, as they have consistently been on an up-move since RBI decided to keep the repo rate unchanged and slashed its forecast for economic growth rate to a decade low. Bond market enthusiasts and PSU banks will cheer this move, as the yield curve had steepened sharply despite RBI’s constant efforts to lower rates since the start of the year.

Globally, In USA Conference Board said its leading economic index was unchanged in November after dipping by 0.2 percent in both September and October. U.K. gross domestic product grew 0.4 percent sequentially, slightly faster than the 0.3 percent growth estimated initially and in contrast to the 0.2 percent decline seen in the second quarter. China one-year loan prime rate was retained at 4.15 % and the five-year loan prime rate at 4.80%.

FII/FPI IN DEBT MARKET

DATE PURCHASES SALES NET(cr)
Week ended

20th Dec

 6963.68 7581.8 -618.12
Week ended

13th Dec

     7415.12 7421.37 -6.25

 

2019-12-21-FII-FPI-IN-DEBT-MARKET

GLOBAL INDICES

INDEX As on

20thDec

 As on

13thDec

 %Chg.
S&P BSE SENSEX 41681.54 41009.71 1.64
NIFTY 50 12271.80 12086.70 1.53
NASDAQ 8924.96 8734.88 2.18
FTSE 100 7582.48 7353.44 3.11

POLICY RATES

INSTRUMENT Rate
Policy Repo Rate 5.15%
Reverse Repo Rate 4.90%
MSFR 5.40%
Bank Rate 5.40%
CRR 4.00%
SLR 18.50%
GDP 4.5%

 

EXCHANGE RATES

Rate As on

20th Dec

 As on

13th Dec

 %Chg.
USD/INR 71.06 70.798 0.37
EUR/INR 78.72 78.734 0.02
GBP/INR 92.374 94.349 2.09
JPY/INR 0.6492 0.6471 0.32

 

2019-12-21-USD-INR

MACRO DATA

PARTICULARS CURRENT PREVIOUS
Foreign Exchange Reserves (08/Nov) $447.00B $439.71B
WPI Inflation YoY (Nov) 0.58% 4.64%
Inflation Rate YoY (Nov) 5.54% 2.33%

DOMESTIC INDICATORS

INSTRUMENT As on

20th Dec

 As on

13th Dec
10 yr bond yield 6.598% 6.78%
3yr bond yield 6.281% 6.39%
1yr bond yield 5.583% 5.57%
US 10 yr benchmark yield 1.919% 1.842%

 

2019-12-21-INDIA'S-YIELD

G-SEC YIELDS

Securities Maturity As on

20th  Dec

 As on

13th  Dec
07.37 GS 2023 16/04/2023 6.2800% 6.4300%
07.32 GS 2024 28/01/2024 6.4300% 6.5800%
07.17 GS 2028 08/01/2028 6.8900% 7.0700%

 

2019-12-21-G-SEC-YIELD

COMMODITY

INSTRUMENTS As on

20th  Dec

 As on 13th  Dec %Chg.
CRUDE OIL 66.04 65.22 1.23
GOLD 39270 38970 0.77
SILVER 47275 46645 1.35

 

2019-12-21-CRUDE-OIL

 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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