KEY HIGHLIGHTS
The 10-year Indian government bond yield Increases 2.84% to 6.490 from 6.306 in the week gone by. US 10 year benchmark increases to 17.83% as compared to 0.60% in the previous week.
Domestic market, a rise in coronavirus cases in the country fanned fears of the government extending the lockdown to contain the pandemic. The government has decided that it will immediately release about Rs 18,000 crore in pending tax refunds to individuals and businesses to provide relief to those struggling to cope with the economic effects of the Covid-19 outbreak. Crude oil steadied near US$32 a barrel, supported by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have collapsed due to the coronavirus pandemic.Globally, US consumer credit surged up by $22.3 billion in February after climbing by $12.1 billion in January. Economist had expected consumer credit to increase by $14.0 billion. US purchasing managers index dipped to 49.1 in March after edging down to 50.1 in February. While a reading below 50 indicates a contraction in manufacturing activity, economists had expected the index to show a steeper drop to 45.0.
FII/FPI IN DEBT MARKET
| DATE | PURCHASES | SALES | NET(cr) |
| Week ended
9th April |
9229.13 | 9207.47 | 21.72 |
| Week ended
3rd April |
13165.68 | 19915.19 | -6749.51 |
GLOBAL INDICES
| INDEX | As on
9th April |
As on
3rd April |
%Chg. |
| S&P BSE SENSEX | 31159.62 | 27590.95 | 12.93% |
| NIFTY 50 | 9111.9 | 8083.80 | 12.71% |
| NASDAQ | 8153.58 | 7528.11 | 8.31% |
| FTSE 100 | 5842.66 | 5415.50 | 7.89% |
POLICY RATES
| INSTRUMENT | Rate |
| Policy Repo Rate | 4.40% |
| Reverse Repo Rate | 4.00% |
| MSFR | 5.40% |
| Bank Rate | 5.40% |
| CRR | 3.00% |
| SLR | 21.50% |
| GDP | 4.7s% |
EXCHANGE RATES
| Rate | As on
10th April |
As on
3rd April |
%Chg. |
| USD/INR | 75.879 | 76.241 | -0.47% |
| EUR/INR | 82.9805 | 82.4085 | 0.69% |
| GBP/INR | 94.503 | 93.486 | 1.09% |
| JPY/INR | 0.7032 | 0.7024 | 0.11% |
MACRO DATA
| PARTICULARS | CURRENT | PREVIOUS |
| Foreign Exchange Reserves (28/Feb. 2020) | $469.50B | $476.092 B |
| WPI Inflation YoY (Feb) | 2.26% | 3.1% |
| Inflation Rate YoY (Jan) | 6.58% | 7.59% |
DOMESTIC INDICATORS
| INSTRUMENT | As on
9th April |
As on
3rd April |
| 10 yr bond yield | 6.490% | 6.306% |
| 3yr bond yield | 5.530% | 5.14% |
| 1yr bond yield | 4.560% | 4.60% |
| US 10 yr benchmark yield | 0.730% | 0.60% |
G-SEC YIELDS
| Securities | Maturity | As on
9th April |
As on
3rd April |
| 07.37 GS 2023 | 16/04/2023 | 5.54% | 5.41% |
| 07.32 GS 2024 | 28/01/2024 | 5.86% | 5.7% |
| 07.17 GS 2028 | 08/01/2028 | 6.79% | 6.61% |
COMMODITY
| INSTRUMENTS | As on
9th April |
As on
3rd April |
%Chg. |
| CRUDE OIL | 31.48 | 34.11 | -8.35% |
| GOLD($) | 1752.8 | 1645.7 | 6.11% |
| SILVER($) | 16.053 | 14.525 | 9.52% |
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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