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1. Current Yield (%) Abs. Change % Change MONEY MARKET 3 Month CD Yield 8.71 0.00 0.0 3 Month CP Yield 9.01 0.00 0.0 91 Day T Bill 8.60 0.00 0.0 12 Month CD Yield 9.08 0.00 0.0 12 Month CP Yield 9.46 0.04 0.4 364 Day T-Bill 8.71 0.03 0.3 G-SEC 3 Year 8.46 0.00 0.0 5 Year 8.58 0.00 0.0 10 year 8.52 0.00 0.0 AAA CORPORATE BOND 1 year 9.14 (0.01) (0.1) 3 Year 9.29 (0.01) (0.1) 5 Year 9.36 (0.00) (0.0)
YIELD CURVE
Wgt. Avg. Rate Volume (Rs Cr) MONEY MARKET* Call 7.75 1,22,112.2 CBLO 7.75 727,929 Repo 8.03 369,971.3
Source CCIL
Banks’ net average borrowings stood at Rs. 116bn under the RBI’s LAF, more than previous day’s figure of Rs. 103bn
Source: Bloomberg
DAILY HEADLINES Govt not considering lowering export duty on iron ore SC reserves order in coal block allocation case Govt may cancel SEZs of Hindalco, Essar, Adani AP govt to soon sign deal with NTPC for 1000-mw solar unit ICICI Bank board approves stock split from Rs 10 to Rs 2 L&T acquires 50% stake in L&T-Ramboll Consulting Engineers Biocon buys back GE Capital's stake in Syngene International for Rs 215 cr Two independent directors of Coal India Limited quit ahead of AGM Tata Steel Kaliga Nagar plant to go on stream by March, 2015 Sesa Sterlite gets relief from Bombay High Court in Ratnagiri land case Lanco Infratech plans $825 million asset sale to pay down its debts IRB Infra wins Rs 1,687 cr project in Maharashtra from MSRDC
EQUITY MARKET Markets closed in red, weighed down by losses in IT, energy, banks and metal stocks. Investors were also cautious ahead of IIP data and CPI data due on 12th September. Markets to open on a flattish note tracking muted trends seen in other Asian markets on back of on concerns that the Federal Reserve would raise interest rates earlier than expected. On domestic front investors will be cautious ahead of IIP data and CPI data on Friday and await more news from US on rate hike.
DEBT MARKET & FOREX Bond yield ended up tracking weakness in the rupee while the overnight rise in U.S. yields also hurt. Volumes remained thin as traders await clarity from govt on raising foreign investment limit in debt. New 8.40% GS 2024 benchmark yield ended up 2bps at 8.52% against the previous close of 8.50%. INR weakened against dollar as investors covered short dollar positions following a Federal Reserve study, while losses in the domestic share market also hurt sentiment. Broader yields may open higher on back of concerns that Federal Reserve would raise interest rates, but a fall in global crude oil prices and IIP and CPI data due on Friday will cap any sharp rise in yields. Shorter end of the yield curve seen opening lower RBI conducted yet another round of repo auction to inject liquidity in the market.
INDIAN INDICES (% Change) Last Close 1 Day MTD YTD Sensex 27265 (0.2) 2.4 28.8 Nifty 8153 (0.3) 2.5 29.3
GLOBAL INDICES (% Change) Last Close 1 Day MTD YTD Dow 17014 (0.6) (0.5) 2.6 NASDAQ 4552 (0.9) (0.6) 9.0 FTSE 6829 (0.1) 0.1 1.2 CAC 4452 (0.5) 1.6 3.6 Hangseng * 15693 (0.4) 1.7 (3.7) Nikkei * 24837 (1.4) 0.4 6.6
* As of 8.30 AM INSTITUTIONAL ACTIVITY (Rs/Cr.) Last MTD YTD FIIs Cash 1136 5,939 84,338 Mutual Fund 73 (51) 5,112
*MF figs & FII figs delayed by 1day, as reported by SEBI CURRENCY MONITOR Last Close Abs. Change % Change USD 60.87 0.33 0.55 EUR 78.48 0.07 0.10 GBP 98.12 0.47 0.48 JPY 57.37 (0.18) (0.31) Dollar Index 84.19 (0.09) (0.11)
INTERNATIONAL BULLION / ENERGY Last Close Abs. Change % Change Gold (USD/oz) 1254.60 7.30 0.59 Silver (USD/oz) 18.99 0.14 0.75 Copper (USD/oz) 309.00 (0.45) (0.15) Crude Oil(USD/bbl) 92.75 0.09 0.10
Source: Bloomberg
10 Sep, 2014