KEY HIGHLIGHTS
Domestic indices ended with significant losses, posting their fourth straight weekly decline. Global stocks were also under pressure due to the fast-spreading coronavirus, which has killed several thousands and disrupted supply chains across the world. In the week ended 13 March 2020, the Sensex fell 3473.14 points or 9.24% to settle at 34103.48. The Nifty 50 index slipped 1034.25 points or 9.41% to settle at 9955.20.
Due to fear of corona virus impact on world GDP equity witnessed worldwide selling pressure, which lead to the yield on 10-year benchmark paper very volatile and close at 6.32% compared with 6.18% the previous week.
The low yield on the 10-year Treasury is a sign that the investors are very concerned about future growth in the economy. When people are worried about everything else, they run to Treasuries because they know they are going to get paid back.
10-year U.S. Treasury yield remained highly volatile but this week its yield improved to 0.983% only in last week it hit its lifetime low but this week witnessed some outflow due to equity market witnessing massive fall and giving an opportunity to buy equity at attractive valuations.
FII/FPI IN DEBT MARKET
| DATE | PURCHASES | SALES | NET(cr) |
| Week ended
13th Mar |
4690.21 | 14710.44 | -10020.23 |
| Week ended
6th Mar |
9290.42 | 11054.61 | -1764.19 |
GLOBAL INDICES
| INDEX | 13th Mar | On 6th Mar | %Chg. |
| S&P BSE SENSEX | 34103.48 | 37576.62 | -9.24 |
| NIFTY 50 | 9955.20 | 10989.45 | -9.41 |
| NASDAQ | 7874.88 | 8575.62 | -8.17 |
| FTSE 100 | 5366.11 | 6462.55 | -16.97 |
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 | 18.25% |
| GDP Latest Qtr | 4.7% |
EXCHANGE RATES
| Rate | 13th Mar | On 6th Mar | %Chg. |
| USD/INR | 73.7825 | 73.7825 | -0.30% |
| EUR/INR | 82 | 83.5775 | -1.82% |
| GBP/INR | 90.661 | 96.6000 | -6.12% |
| JPY/INR | 0.6838 | 0.7026 | -2.68% |
MACRO DATA
| PARTICULARS | CURRENT | PREVIOUS |
| Foreign Exchange Reserves (13/Mar. 2020) | $487.24B | $481.54B |
| WPI Inflation YoY (Jan) | 3.10% | 2.59% |
| Inflation Rate YoY (Feb) | 6.58% | 7.59% |
DOMESTIC INDICATORS
| INSTRUMENT | As on
13th Mar |
As on
6th Mar |
| 10 yr bond yield | 6.322% | 6.180% |
| 3yr bond yield | 5.733% | 5.418% |
| 1yr bond yield | 5.048% | 4.962% |
| US 10 yr benchmark yield | 0.983% | 0.773% |
G-SEC YIELDS
| Securities | Maturity | As on
13th Mar |
As on
6th Mar |
| 07.37 GS 2023 | 16/04/2023 | 5.69% | 5.49% |
| 07.32 GS 2024 | 28/01/2024 | 5.93% | 5.59% |
| 07.17 GS 2028 | 08/01/2028 | 6.66% | 6.4% |
COMMODITY
| INSTRUMENTS | 13th Mar | 6th Mar | %Chg. |
| CRUDE OIL | 32.97 | 41.28 | -25.20% |
| GOLD($) | 1529.10 | 1672.4 | -9.37% |
| SILVER($) | 14.693 | 17.214 | -17.16% |
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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