KEY HIGHLIGHTS
The 10-year Indian government bond yield Decreases -2.92% to 6.167 from 6.347 in the week gone by. US 10 year benchmark Decreases to -6.12% as compared to 0.64% in the previous week.
Domestically, Franklin Templeton has announced that it would wind up its six open-ended debt funds due to the on-going health crisis that is seeping into the financial sector. Meanwhile, Confederation of Indian Industry (CII) has stated that India’s GDP is likely to range between a decline of 0.9 % and a growth of 1.5 %in the current financial year, with the economy undergoing a “turbulent” phase caused by the coronavirus induced lockdown. A recovery in crude oil prices, an overnight jump in US stocks and hopes of an economic stimulus back home push Indian markets higher.
Globally, US new home sales plunged by 15.4 percent to an annual rate of 627,000 in March after tumbling by 4.6 percent to a revised rate of 741,000 in February. Economists had expected new home sales to nosedive by 15.7 percent to an annual rate of 645,000 in March from the 765,000 originally reported for the previous month.
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FII/FPI IN DEBT MARKET
| DATE | PURCHASES | SALES | NET(cr) |
| Week ended
24th April |
8224.26 | 7105.28 | 1118.98 |
| Week ended
17th April |
7403.31 | 11187.11 | -3783.8 |
GLOBAL INDICES
| INDEX | As on
24th April |
As on
17th April |
%Chg. |
| S&P BSE SENSEX | 31327.22 | 31588.72 | -0.83% |
| NIFTY 50 | 9154.4 | 9266.75 | -1.21% |
| NASDAQ | 8634.52 | 8650.96 | -0.18% |
| FTSE 100 | 5752.23 | 5786.96 | -0.60% |
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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
24th April |
As on
17th April |
%Chg. |
| USD/INR | 76.27 | 76.55 | -0.37% |
| EUR/INR | 85.539 | 83.24 | 2.76% |
| GBP/INR | 94.339 | 95.695 | -1.42% |
| JPY/INR | 0.7094 | 0.7118 | -0.34 |
MACRO DATA
| PARTICULARS | CURRENT | PREVIOUS |
| Foreign Exchange Reserves (3rd/April. 2020) | $474.660 b | $469.50B |
| WPI Inflation YoY (Feb) | 2.26% | 3.1% |
| Inflation Rate YoY (Jan) | 6.58% | 7.59% |
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DOMESTIC INDICATORS
| INSTRUMENT | As on
24th April |
As on
17th April |
| 10 yr bond yield | 6.167% | 6.347% |
| 3yr bond yield | 4.650% | 4.99% |
| 1yr bond yield | 4.030% | 4.17% |
| US 10 yr benchmark yield | 0.605% | 0.64% |
G-SEC YIELDS
| Securities | Maturity | As on
24th April |
As on
17th April |
| 07.37 GS 2023 | 16/04/2023 | 4.6500% | 5.09% |
| 07.32 GS 2024 | 28/01/2024 | 5.1300% | 5.66% |
| 07.17 GS 2028 | 08/01/2028 | 6.3200% | 6.50% |
COMMODITY
| INSTRUMENTS | As on
24th April |
As on
17th April |
%Chg. |
| CRUDE OIL | 21.44 | 28.08 | -30.97 |
| GOLD($) | 1735.6 | 1698.8 | 2.12 |
| SILVER($) | 15.355 | 15.348 | 0.05 |
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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