KEY HIGHLIGHTS
The 10-year Indian government bond yield Decreases -2.40% to 5.967 from 6.110% in the week gone by. US 10 year benchmark Increases to 5.69% as compared to 0.646% in the previous week.
Brent crude oil was up by 87 cents, or 3 %, at $30.33 a barrel. US oil gained $1.12, or 4.8 %, to $24.67 a barrel.
Domestically, markets witnessed volatile movement as increasing cases of coronavirus and a delay in government stimulus amid US-China trade tensions dealt a blow to investors’ sentiment. There is a buzz that, the government is working on a comprehensive financial package not only for MSMEs but also for all sectors of the economy. Indian rupee weakened by this week due to worries over US-China trade war dialogues re-surfacing after several weeks of lock-down which hit the global economy substantially.
Globally, Top US and Chinese trade representatives discussed their first phase trade deal on 8th May, with China saying they agreed to improve the atmosphere for its implementation and the United States saying both sides expected obligations to be met.
U.S. Treasury to distribute $4.8 billion in pandemic funds to tribal governments
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FII/FPI IN DEBT MARKET
| DATE | PURCHASES | SALES | NET(cr) |
| Week ended
8th May |
27324.01 | 10304.46 | 17019.55 |
| Week ended
30th April |
7256.24 | 10493.64 | -3237.4 |
GLOBAL INDICES
| INDEX | As on
8th May |
As on
30th April |
%Chg. |
| S&P BSE SENSEX | 31642.7 | 33717.62 | -6.15% |
| NIFTY 50 | 9251.5 | 9859.9 | -6.17% |
| NASDAQ | 9121.32 | 8604.95 | 6.00% |
| FTSE 100 | 5935.98 | 5763.06 | 3.00% |
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POLICY RATES
| INSTRUMENT | Rate |
| Policy Repo Rate | 4.40% |
| Reverse Repo Rate | 3.75% |
| MSFR | 5.40% |
| Bank Rate | 5.40% |
| CRR | 3.00% |
| SLR | 21.50% |
| GDP | 4.7s% |
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EXCHANGE RATES
| Rate | As on
8th May |
As on
1st May |
%Chg. |
| USD/INR | 75.535 | 75.749 | -0.28% |
| EUR/INR | 81.884 | 83.181 | -1.56% |
| GBP/INR | 93.731 | 94.725 | -1.05% |
| JPY/INR | 0.7086 | 0.7007 | 1.13% |
MACRO DATA
| PARTICULARS | CURRENT | PREVIOUS |
| Foreign Exchange Reserves (3rd/April. 2020) | $474.660 b | $469.50B |
| WPI Inflation YoY (Feb) | 2.26% | 3.1% |
| Inflation Rate YoY (Jan) | 6.58% | 7.59% |
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DOMESTIC INDICATORS
| INSTRUMENT | As on
8th May |
As on
30th April |
| 10 yr bond yield | 5.967% | 6.110% |
| 3yr bond yield | 4.624% | 4.730% |
| 1yr bond yield | 3.870% | 3.930% |
| US 10 yr benchmark yield | 0.685% | 0.646% |
G-SEC YIELDS
| Securities | Maturity | As on
8th May |
As on
30th April |
| 07.37 GS 2023 | 16/04/2023 | 4.6100% | 4.7000% |
| 07.32 GS 2024 | 28/01/2024 | 4.9400% | 5.1000% |
| 07.17 GS 2028 | 08/01/2028 | 6.0900% | 6.3700% |
COMMODITY
| INSTRUMENTS | As on
8th May |
As on
1st May |
%Chg. |
| CRUDE OIL | 30.97 | 26.44 | 14.63% |
| GOLD($) | 1713.9 | 1710.25 | 0.21% |
| SILVER($) | 15.778 | 15.025 | 4.77% |
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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