KEY HIGHLIGHTS

The 10yr government bond yield decreased 0.6% to 6.46 from 6.49 in the previous week. US 10yr benchmark increased 0.02% to 1.774 as compared to 1.771 in the previous week. The g-sec yields ended lower this week.

The outcome of the RBI monetary policy meeting will be closely watched in the week ahead. Besides, global cues, macroeconomic data, forex fluctuation, Crude oil price movement and investments by FPI and DII will also be closely watched.

The RBI’s MPC meets between 3 December and 5 December 2019 to review the interest rates market estimates that RBI may cut rate further to support growth, which is at lowest level in Modi Government tenure.

Developments in the Winter Session of Parliament will also be closely watched which will conclude on 13 December 2019. Auto stocks will be in focus as auto companies will start announcing monthly sales numbers for November 2019 starting from 1 December 2019.

Market Services PMI for November 2019 will be unveiled on Wednesday, 4 December 2019.

Overseas, developments on the U.S.-China trade front will be closely watched. There are concerns that the two sides may struggle to reach a phase one agreement in time for the next round of U.S. tariffs to hit China on December 15.

In China, the Caixin Manufacturing PMI for November 2019 will be announced on Monday, 2 December 2019.

FII/FPI IN DEBT MARKET

DATE PURCHASES SALES NET(cr)
Week ended

29th Nov

6753.99 6992.90 -238.91
Week ended

22th Nov

11046.41 6414.42 4631.99

 

FII-Debt2019-11-30

 

 

GLOBAL INDICES

INDEX As on 29nd Nov As on 22th Nov %Chg.
S&P BSE SENSEX 40793.81 40359.41 1.08
NIFTY 50 12056.05 11914.40 1.19
NASDAQ 8665.47 8519.88 1.71
FTSE 100 7346.53 7326.81 0.27

 

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%
GDP 4.5%

 

EXCHANGE RATES

Rate As on 29th  Nov As on 22nd Nov %Chg.
USD/INR 71.749 71.792 0.06
EUR/INR 79.46 79.1435 -0.40
GBP/INR 92.775 92.12 -0.71
JPY/INR 0.6552 0.6605 0.80

 

usd-inr

 

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

29nd Nov

As on

22th Nov

10 yr bond yield 6.46% 6.495%
3yr bond yield 6.00% 6.006%
1yr bond yield 5.32% 5.420%
US 10 yr benchmark yield 1.774% 1.771%

 

India-yield2019-11-30

 

G-SEC YIELDS

Securities Maturity As on

29nd Nov

As on

22th Nov

07.37 GS 2023 16/04/2023 6.0100% 6.0223%
07.32 GS 2024 28/01/2024 6.1900% 6.1857%
07.17 GS 2028 08/01/2028 6.7400% 6.7296%

 

G-Sec-yield

 

COMMODITY

INSTRUMENTS As on 29nd  Nov As on 22nd Nov %Chg.
CRUDE OIL 55.42 58.45 4.07
GOLD 39300 38400 0.67
SILVER 47763 47763 0.00

 


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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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