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 |
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 |
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% |
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% |
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 |
DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014
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