KEY HIGHLIGHTS
The 10-year Indian government bond yield decreases -1.48% to 5.760% from 5.845% in the week gone by. US 10 year benchmark decreases to –4.04% as compared to 0.643% in the previous week.
Crude oil prices declined on concerns about renewed Covid-19 lockdowns in the United States outweighed signs of a recovery in US gasoline demand.
Recently, PM Modi invited global companies to set up businesses in India, listing various reforms and ‘green shoots’ of recovery that provide attractive investment avenues and highlighting defense and space among the sectors that offer new economic opportunities.
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.
US trade deficit widened to $54.6 billion in May from a revised $49.8 billion in April. Economists had expected the trade deficit to widen to $53.0 billion from the $49.4 billion originally reported for the previous month.
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FII/FPI IN DEBT MARKET
| DATE | PURCHASES | SALES | NET(cr) |
| Week ended
10th July |
8290.37 | 6641.49 | 1648.88 |
| Week ended
3rd July |
5000.67 | 5550.31 | -549.64 |
GLOBAL INDICES
| INDEX | As on
10th July |
As on
3rd July |
% change |
| S&P BSE SENSEX | 36594.33 | 36021.42 | 1.59% |
| NIFTY 50 | 10768.50 | 10607.35 | 1.52% |
| NASDAQ | 10617.44 | 10207.63 | 4.01% |
| FTSE 100 | 6095.41 | 6157.30 | -1.01% |
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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
10th July |
As on
3rd July |
%Chg. |
| USD/INR | 75.195 | 74.636 | 0.75 |
| EUR/INR | 84.9705 | 83.9205 | 1.25 |
| GBP/INR | 94.911 | 93.164 | 1.88 |
| JPY/INR | 0.7032 | 0.6941 | 1.31 |
MACRO DATA
| PARTICULARS | CURRENT | PREVIOUS |
| Foreign Exchange Reserves ( 12th June. 2020) | $507.644 b | $500.0 b |
| WPI Inflation YoY (Apr) | 0.0% | 1.00% |
| Inflation Rate YoY (Apr) | 5.68% | 5.91% |
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DOMESTIC INDICATORS
| INSTRUMENT | As on
10th July |
As on
3rd July |
| 10 yr bond yield | 5.760% | 5.845% |
| 3yr bond yield | 4.280% | 4.354% |
| 1yr bond yield | 3.630% | 3.700% |
| US 10 yr benchmark yield | 0.643% | 0.669% |
G-SEC YIELDS
| Securities | Maturity | As on
10th July |
As on
3rd July |
| 07.37 GS 2023 | 16/04/2023 | 4.2800% | 4.3500% |
| 07.32 GS 2024 | 28/01/2024 | 4.6300% | 4.7300% |
| 07.17 GS 2028 | 08/01/2028 | 5.8000% | 5.9500% |
COMMODITY
| INSTRUMENTS | As on
10th July |
As on
3rd July |
%Chg. |
| CRUDE OIL | 43.24 | 41.71 | 3.54% |
| GOLD($) | 1801.9 | 1787.6 | 0.79% |
| SILVER($) | 19.053 | 18.315 | 3.87% |
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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