KEY HIGHLIGHTS

The 10-year government bond yield increases 1.82% to 6.78 from 6.66 in the previous week. US 10 year benchmark increased 0.05% to 1.842 as compared to 1.843 in the previous week. The g-sec yields ended uper this week.

Asian stocks look set to start the week mixed after the partial U.S.-China trade deal, lacking concrete details, left analysts cold. The Australian dollar and the offshore yuan were firmer early Monday; yields on 10-year U.S. Treasuries initially spiked on Friday, but fell back as the deal didn’t live up to some analysts’ expectations. The U.S. delayed levies on Chinese goods that were due to be imposed on Sunday, and China said it will suspend additional tariffs on certain American imports. On the docket this week, China November industrial production and retail sales data will be parsed Monday. On Friday, U.S. GDP is expected to show growth expanded. There is a Bank of Japan interest-rate decision Thursday.

Markets seem to be shrugging off the much anticipated trade deal and there is some confusion about when phase two will go ahead, while Hong Kong protesters clash with police as the city’s chief executive heads to Beijing.

Hong Kong’s demonstrators clashed with police late Sunday as Chief Executive Carrie Lam began a visit to Beijing, where she’s expected to update Chinese President Xi Jinping and other senior officials on the violent protests that have gripped the city for the past six months. The clash late Sunday followed a more subdued weekend for the city’s demonstrations. “The purpose of the duty visit is to give a full account of what has happened in Hong Kong over the past year,” Lam said in a press briefing last week. “Particularly what has happened in Hong Kong in the last six months.”

FII/FPI IN DEBT MARKET

DATE PURCHASES SALES NET(cr)
Week ended

13th Dec

    7415.12 7421.37 -6.25
Week ended

6th Dec

    5693.55 5295.57 397.95

 

FII-FPI-IN-DEBT-MARKET2019-12-16

 

GLOBAL INDICES

INDEX As on 6th Dec As on 6th Dec % Chg.
S&P BSE SENSEX 41009.71 40445.15 1.40
NIFTY 50 12086.70 11921.50 1.39
NASDAQ 8734.88 8656.53 0.91
FTSE 100 7353.44 7239.66 -1.45

 

POLICY RATES

INSTRUMENT Rate
Policy Repo Rate 5.15%
Reverse Repo Rate 4.90%
MSFR 5.40%
Bank Rate 5.40%
CRR 4.00%
SLR 18.50%
GDP 4.5%

 

EXCHANGE RATES

Rate As on

13th Dec

As on

6thDec

%Chg.
USD/INR 70.798 71.283 0.68
EUR/INR 78.734 78.832 0.12
GBP/INR 94.349 93.655 -0.74
JPY/INR 0.6471 0.6566 1.45

 

usd-inr-2019-12-16

 

MACRO DATA

PARTICULARS CURRENT PREVIOUS
Foreign Exchange Reserves (08/Nov) $447.00B $439.71B
WPI Inflation YoY (Sep) 0.10% 0.33%
Inflation Rate YoY (Sep) 4.62% 3.99%

 

DOMESTIC INDICATORS

INSTRUMENT As on 13th Dec As on 6th Dec
10 yr bond yield 6.78% 6.661%
3yr bond yield 6.39% 6.251%
1yr bond yield 5.57% 5.568
US 10 yr benchmark yield 1.842% 1.843%

 

 

G-SEC YIELDS

Securities Maturity As on 13th Dec As on 6th Dec
07.37 GS 2023 16/04/2023 6.4300% 6.2600%
07.32 GS 2024 28/01/2024 6.5800% 6.4300%
07.17 GS 2028 08/01/2028 7.0700% 6.9200%

 

G-Sec-Yield2019-12-16

 

COMMODITY

INSTRUMENTS As on 13th  Dec As on 6th Dec % Chg.
CRUDE OIL 60.07 59.2 1.47
GOLD 38970 39300 0.84
SILVER 46645 47763 2.34

 

crude-oil-2019-12-16


 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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