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

 

2020-03-14-FII-FPI-IN-DEBT-MARKET

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%

 

2020-03-14-USD-INR

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%

 

2020-03-14-INDIA'S-YIELD

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%

 

2020-03-14-G-SEC-YIELD

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%

 

2020-03-14-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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