KEY HIGHLIGHTS

The 10yr government bond yield decreased 0.02% to 6.492 from 6.519in the previous week.US 10yr benchmark increased 0.02%to 1.77 as compared to 1.75 in the previous week. The g-sec yields ended lower this week.

China wants to work out an initial trade pact with the United States and has been trying to avoid a trade war, President Xi Jinping said on November 22, but is not afraid to retaliate when necessary. Economists warn that a prolonged dispute between the world’s two largest economies is elevating risks to the global economy by disrupting supply chains, curtailing investment and curbing business confidence.

This week, rupee depreciated and ended at 71.756 per dollar vs previous week close of 71.650 per dollaras investors rushed to safe haven bets on fading hopes of an initial trade deal between the US and China.Gold trades at Rs38400/10gms, silver at Rs47763/kg. Crude oil prices ended lower at $58.45per barrel;down by 1.11% this week as concerns about China’s economy outweighed bullish signals from its refining sector, but losses were limited on hopes for progress toward a U.S.-China trade agreement.FIIs stood net buyers in domestic debt market this week with net investment of Rs 4631.99cr compared tolast week with net investment of Rs-533.51 cr.

Global markets gyrated to every twist and turn in the negotiations between China and the US on a so-called ‘phase 1’ trade deal. It is proving to be a painfully slow process and the December 15 deadline for the US raising additional tariffs on Chinese goods is fast approaching. The latest hitch could be US legislation in support of the Hong Kong pro-democracy movement, which President Trump is likely to sign. So far, almost everyone expects some kind of trade deal soon, which is why markets are holding up.

But tensions are rising and the yuan has depreciated past the 7 to the dollar mark again.

FII/FPI IN DEBT MARKET

DATE PURCHASES SALES NET(cr)
Week ended 22th Nov 11046.41 6414.42 4631.99
Week ended 15th Nov    5798.22 6331.71 -533.51

FII-data2019-11-25

 

GLOBAL INDICES

INDEX As on 22nd Nov As on 15th Nov %Chg.
S&P BSE SENSEX 40359.41 40356.69 0.01
NIFTY 50 11914.40 11895.45 0.16
NASDAQ 8519.88 8540.83 -0.25
FTSE 100 7326.81 7302.94 0.33

 

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 18.75%

 

EXCHANGE RATES

Rate As on 22nd  Nov As on 15th Nov %Chg.
USD/INR 71.756 71.650 0.15%
EUR/INR 79.347 79.1945 0.19%
GBP/INR 92.595 92.479 0.13%
JPY/INR 0.6611 0.6588 0.35%

 

USD-INR2019-11-25

 

MACRO DATA

PARTICULARS CURRENT PREVIOUS
Foreign Exchange Reserves (08/Nov) $447.00B $439.71B
WPI Inflation YoY (Sep) 0.10% 0.33%
Inflation Rate YoY (Sep) 4.62% 3.99%

 

DOMESTIC INDICATORS

INSTRUMENT As on 22nd Nov As on 15th Nov
10 yr bond yield 6.49% 6.519%
3yr bond yield 6.02% 6.065%
1yr bond yield 5.44% 5.450%
US 10 yr benchmark yield 1.77% 1.750%

 

india-yield2019-11-25

 

G-SEC YIELDS

Securities Maturity As on 22nd Nov As on 15th Nov
07.37 GS 2023 16/04/2023 6.0223% 6.05%
07.32 GS 2024 28/01/2024 6.1857% 6.22%
07.17 GS 2028 08/01/2028 6.7296% 6.78%

 

G-sec-Yield-2019-11-25

 

COMMODITY

INSTRUMENTS As on 22nd  Nov As on 15th Nov %Chg.
CRUDE OIL 58.45 57.72 1.11
GOLD 38400 39565 -2.94
SILVER 47763 49163 -2.85

 


 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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