KEY HIGHLIGHTS
The 10-year Indian government bond yield Increases 1.87% to 6.041% from 5.930% in the week gone by. US 10 year benchmark decreases to -7.21% as compared to 0.669% in the previous week.
Ratings agency Crisil forecast a deeper contraction of 9% in this financial year, against 5% projected in May, and called for reforms to get the economy on a faster recovery path as well as fiscal support to vulnerable households and small businesses hit hard by the Covid-19 pandemic. Moody’s Investors Service has joined the league of global rating agencies that have forecasted a double-digit contraction in India’s gross domestic product (GDP) growth for the current financial year 2020-21 (FY21) due to the coronavirus-led lockdown disrupting economic activities.
Globally, U.S. inflation quickened in August, driven by the sharpest monthly gain in usedvehicle costs since 1969 and consistent with a gradual pickup in prices as the economy recovers from the pandemic-induced downturn. The consumer price index rose 1.3% from a year ago after a 1% annual increase in July, Labor Department figures showed Friday.
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FII/FPI IN DEBT MARKET
| DATE | PURCHASES | SALES | NET(cr) |
| Week ended
11th Sept. |
6103.85 | 5251.85 | 852.01 |
| Week ended
28th August |
7639.75 | 7522.02 | 117.13 |
GLOBAL INDICES
| INDEX | As on
11th Sept. |
As on
4th Sept. |
% change |
| S&P BSE SENSEX | 38854.55 | 38357.18 | 1.30 |
| NIFTY 50 | 11464.45 | 11333.85 | 1.15 |
| NASDAQ | 11853.54 | 11313.14 | 4.78 |
| FTSE 100 | 6032.09 | 5799.08 | 4.02 |
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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
11th Sept. |
As on
4th Sept. |
% change |
| USD/INR | 73.43 | 73.289 | 0.19 |
| EUR/INR | 86.978 | 86.752 | 0.26 |
| GBP/INR | 93.939 | 97.342 | -3.50 |
| JPY/INR | 0.6917 | 0.6898 | 0.28 |
MACRO DATA
| PARTICULARS | CURRENT | PREVIOUS |
| Foreign Exchange Reserves ( 11th September. 2020) | $542.01 b | $541.43 b |
| WPI Inflation YoY (July) | -0.58% | -1.81% |
| Inflation Rate YoY (July) | 6.93% | 6.23% |
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DOMESTIC INDICATORS
| INSTRUMENT | As on
11th Sept. |
As on
4th Sept. |
| 10 yr bond yield | 6.041 | 5.930 |
| 3yr bond yield | 5.094 | 4.798 |
| 1yr bond yield | 3.507 | 3.519 |
| US 10 yr benchmark yield | 0.669 | 0.721 |
G-SEC YIELDS
| Securities | Maturity | As on
11th Sept. |
As on
28thAugust |
| 07.37 GS 2023 | 16/04/2023 | 4.7300% | 4.7100% |
| 07.32 GS 2024 | 28/01/2024 | 5.0900% | 5.0500% |
| 07.17 GS 2028 | 08/01/2028 | 6.1400% | 6.2300% |
COMMODITY
| INSTRUMENTS | As on
11th Sept. |
As on
4th Sept. |
% change |
| CRUDE OIL | 39.8 | 42.66 | -6.70 |
| GOLD($) | 1948.25 | 1934.3 | 0.72 |
| SILVER($) | 26.915 | 26.712 | 0.76 |
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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