KEY HIGHLIGHTS

The 10-year government bond yield Increases 1.15% to 6.510 from 6.500 in the previous week. US 10 year benchmark decreased 4.37% to 1.793 as compared to 1.875 in the previous week.

Reserve Bank of India move to buy long-term bonds and sell short-term bonds with target to reduce longer-term yields was noticed in a positive way by the market. On the other hand, Finance minister announced Rs. 102 lakh crore-infrastructure sector push over the next 5 years – under the National Infrastructure with target to achieve a $ 5 trillion economy by 2025. Goods and Services Tax (GST) collections were above Rs 1 lakh crore for the second consecutive month in December.In the hierarchy of world markets after USA India has delivered the second best returns.

Initial high-frequency indicators for December 2019 suggest some sort of revival in the Indian economy. The Nikkei Manufacturing Purchasing Managers’ Index, compiled by IHS Markit has increased to 52.7 in December 2019, the highest since May 2019. The RBI’s Monetary Policy Committee (MPC) in its December meeting had expected GDP growth to start a recovery in the second half of the current fiscal year.

According to the commerce ministry data, India’s gold imports, which have a bearing on the current account deficit (CAD), fell about 7 % to USD 20.57 billion during April-November. India is the largest importer of gold, which mainly caters to the demand of the jewelry industry. In volume terms, the country imports 800-900 tonne of gold annually.

Globally, Markets are reeling in the wake of heightened tensions between the US and Iran.Global stocks plummeted on on news of a US airstrike killing top Iranian general QassemSoleimani. Gold approached its highest price in six years, oil surged, and Treasury bond prices jumped as investors fled volatile assets and feared a hit to the global oil supply.Markets reacted accordingly as oil and gold prices shot up while the stock market fell and interest rates declined.

FII/FPI IN DEBT MARKET

DATE PURCHASES SALES NET(cr)
Week ended

3rd  Jan

3957.3 4216.14 -258.84
Week ended

27th Dec

     5536.17 2937.24 2598.93

 

2020-01-04-FII-FPI -IN-DEBT-MARKET

GLOBAL INDICES

INDEX As on

3rd  Jan

As on

27th  Dec

%Chg.
S&P BSE SENSEX 41464.61 41575.14 -0.27%
NIFTY 50 12226.65 12245.80 -0.16%
NASDAQ 9020.77 9006.62 0.16%
FTSE 100 7622.40 7644.90 -0.29%

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 18.50%
GDP 4.5%

EXCHANGE RATES

Rate As on

3rd Jan

As on

27th Dec

%Chg.
USD/INR 71.770 71.455 0.44
EUR/INR 80.110 79.86 0.31
GBP/INR 93.886 93.455 0.47
JPY/INR 0.6640 0.6521 1.82

 

2020-01-04-EXCHANGE-RATES

MACRO DATA

PARTICULARS CURRENT PREVIOUS
Foreign Exchange Reserves (06/Dec) $453.00B $447.00B
WPI Inflation YoY (Nov) 0.58% 4.64%
Inflation Rate YoY (Nov) 5.54% 2.33%

DOMESTIC INDICATORS

INSTRUMENT As on

3rd  Jan

As on

27th Dec

10 yr bond yield 6.510% 6.500%
3yr bond yield 6.269% 6.320%
1yr bond yield 5.534% 5.690%
US 10 yr benchmark yield 1.793% 1.875%

2020-01-04-India's-Yield

G-SEC YIELDS

Securities Maturity As on

3rd Jan

As on

27th  Dec

07.37 GS 2023 16/04/2023 6.250% 6.3200%
07.32 GS 2024 28/01/2024 6.330% 6.4400%
07.17 GS 2028 08/01/2028 6.760% 6.8500%

 

 

G-Sec-Yield-Weekly-Debt

COMMODITY

INSTRUMENTS As on

3rd   Jan

As on

27th  Dec

%Chg.
CRUDE OIL 68.66 68.16 0.73
GOLD 41120 40170 2.36
SILVER 49344 49344 0.00

2020-01-04-Crude-Oil


 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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