KEY HIGHLIGHTS
The 10-year Indian government bond yield decreases -0.70% to 5.996% from 6.038% in the week gone by. US 10 year benchmark increases to -7.32% as compared to 0.704% in the previous week.
Exports rise 5.27% in Sep, trade deficit narrows to $2.91 billion. After contracting for six months in a row, the country’s exports grew by 5.27 per cent year-on-year to USD 27.4 billion in September, while imports slipped by 19.6 per cent to USD 30.31 billion, according to the commerce ministry data released on Friday.
The trade deficit during the month under review narrowed to USD 2.91 billion as against USD 11.67 billion in the same period of 2019. The exports in September last year stood at USD 26.02 billion. Exports during April-September this fiscal dipped by 21.43 per cent to USD 125.06 billion. Imports during the period stood at USD 148.69 billion, recording a negative growth of 40.06 per cent.
Globally, According to survey data from IHS Markit, China’s manufacturing sector logged a strong momentum in September driven by robust domestic and foreign demand after the easing of lockdown measures. The Caixin manufacturing Purchasing Managers’ Index edged down to 53.0 in September from 53.1 in August.
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FII/FPI IN DEBT MARKET
| DATE | PURCHASES | SALES | NET(cr) |
| Week ended
2nd Oct. |
6920.71 | 8221.01 | -1300.3 |
| Week ended
25th Sept. |
7390.42 | 9091.44 | -1701.02 |
GLOBAL INDICES
| INDEX | As on
2nd Oct. |
As on
25th Sept. |
% change |
| S&P BSE SENSEX | 38697.05 | 37388.66 | 3.50 |
| NIFTY 50 | 11416.95 | 11050.25 | 3.32 |
| NASDAQ | 11075.02 | 10913.56 | 1.48 |
| FTSE 100 | 5902.12 | 5841.67 | 1.02 |
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POLICY RATES
| INSTRUMENT | Rate |
| Policy Repo Rate | 4.00% |
| Reverse Repo Rate | 3.35% |
| MSFR | 4.25% |
| Bank Rate | 4.25% |
| CRR | 3.00% |
| SLR | 18.00% |
| GDP | 4.2% |
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EXCHANGE RATES
| Rate | As on
2nd Oct. |
As on
25th Sept. |
% change |
| USD/INR | 73.29 | 73.67 | -0.52 |
| EUR/INR | 85.852 | 85.678 | 0.20 |
| GBP/INR | 94.808 | 93.892 | 0.98 |
| JPY/INR | 0.6957 | 0.698 | -0.33 |
MACRO DATA
| PARTICULARS | CURRENT | PREVIOUS |
| Foreign Exchange Reserves ( 2nd October. 2020) | $542.02 b | $545.04 b |
| WPI Inflation YoY (Aug) | 0.16% | -0.58% |
| Inflation Rate YoY (Aug) | 6.69% | 6.93% |
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DOMESTIC INDICATORS
| INSTRUMENT | As on
2nd Oct. |
As on
25th Sept. |
| 10 yr bond yield | 5.996 | 6.038 |
| 3yr bond yield | 4.909 | 4.966 |
| 1yr bond yield | 3.570 | 3.733 |
| US 10 yr benchmark yield | 0.704 | 0.656 |
G-SEC YIELDS
| Securities | Maturity | As on
2nd Oct. |
As on
25th Sept. |
| 07.37 GS 2023 | 16/04/2023 | 4.5900% | 4.6400% |
| 07.32 GS 2024 | 28/01/2024 | 4.9100% | 4.9700% |
| 07.17 GS 2028 | 08/01/2028 | 6.0500% | 6.1000% |
COMMODITY
| INSTRUMENTS | As on
2nd Oct. |
As on
25th Sept. |
% change |
| CRUDE OIL | 37.05 | 40.25 | -7.95 |
| GOLD($) | 1907.6 | 1866.3 | 2.21 |
| SILVER($) | 24.029 | 22.975 | 4.59 |
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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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