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

FII-FPI-IN-DEBT-MARKET

 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%

USD-INR

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%

INDIA'S-YIELD

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%

 

G-SEC-YIELD

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%

CRUDE-OIL


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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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