The 10-year Indian government bond yield decreases -1.16% to 5.845% from 5.913% in the week gone by. US 10 year benchmark increases to -4.33% as compared to 0.669% in the previous week.
PM Modi, in his Speech to the nation on 30th June evening, announced that 80 crore people will be given free grains for the next five months. It may give some support to the agri prices.
The Indian economy gathered pace in June with goods movement rebounding close to pre lockdown levels and GST collections rising sharply from May.
Movement of Currency, inflow and out flow of foreign fund, macroeconomic data and crude oil prices will continue to dictate the trend of the market going forward.
Globally, US factory orders spiked by 8.0 percent in May after plunging by a revised 13.5 percent in April. Economists had expected factory orders to surge up by 8.9 percent compared to the 13.0 percent plunge originally reported for the previous month.
China’s official PMI picked up to a three-month high of 50.9 in June, comfortably above the 50-level that separates growth from contraction.
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FII/FPI IN DEBT MARKET
|S&P BSE SENSEX||36021.42||35171.276||2.42|
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|Policy Repo Rate||4.00%|
|Reverse Repo Rate||3.35%|
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|Foreign Exchange Reserves ( 12th June. 2020)||$507.644 b||$500.0 b|
|WPI Inflation YoY (Apr)||0.0%||1.00%|
|Inflation Rate YoY (Apr)||5.68%||5.91%|
|10 yr bond yield||5.845%||5.913%|
|3yr bond yield||4.354%||4.436%|
|1yr bond yield||3.700%||3.69%|
|US 10 yr benchmark yield||0.669%||0.640%|
|07.37 GS 2023||16/04/2023||4.3500%||4.4400%|
|07.32 GS 2024||28/01/2024||4.7300%||4.8500%|
|07.17 GS 2028||08/01/2028||5.9500%||5.9900%|
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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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