Read about Way2Wealth's daily headlines for the Indian market, equity market updates, debt market and forex and currency updates.

1. Current
Yield (%)
Abs.
Change
%
Change
MONEY MARKET
3 Month CD Yield 8.83 0.05 0.6
3 Month CP Yield 9.14 0.00 0.0
91 Day T Bill 8.65 0.00 0.0
12 Month CD Yield 9.06 0.00 0.0
12 Month CP Yield 9.46 0.01 0.1
364 Day T-Bill 8.71 (0.05) (0.6)
G-SEC
3 Year 8.58 (0.04) (0.4)
5 Year 8.70 0.00 0.0
10 year 8.59 (0.00) (0.0)
AAA CORPORATE BOND
1 year 9.19 0.03 0.3
3 Year 9.32 0.03 0.3
5 Year 9.36 0.03 0.3
YIELD CURVE
Wgt. Avg. Rate Volume (Rs Cr)
MONEY MARKET*
Call 8.57 113268.3
CBLO 8.43 743262
Repo 8.65 245718.6
Source CCIL
Banks’ net average borrowings stood at Rs.
213bn under the RBI’s LAF, more than previous
day’s figure of Rs. 199bn
Source: Bloomberg
DAILY HEADLINES
Indian Pharmaceutical Association versus National Pharmaceutical Pricing Authority
on drug pricing matter to be heard today
ONGC Videsh signs product sharing contract for 2 Myanmar onland blocks
RBI cuts FII investment limit in IDFC to 50% from 50.50%
Bajaj Hindusthan AGM to consider issue NCD via QIP to raise Rs 3000 cr
Hindustan Unilever to split home and personal care business
Jet Airways board approval to have a single brand strategy for airline
Varun Shipping changes debt-cut plan, scraps idea of exiting very large gas carrier
market
Just Dial board to meet on August 19 to mull expanding operations in US, Canada,
other emerging markets
Results Today: Coal India, IOC, BPCL, Jaiprakash Associates, Tata Power, Sun
Pharma, NMDC, Oil India, BHEL, Britannia, Wockhardt, Aditya Birla Nuvo, Apollo
Hospital, Essar Oil, Gillette India, GSK Pharma, Motherson Sumi, Opto Circuits etc
EQUITY MARKET
Markets closed in green, after auto stocks drove gains on earnings optimism while
realty shares saw buying after SEBI cleared REIT norms. Positive cues from Asian as
well as European markets in line with weekend rally in the US markets on easing of
tensions in Ukraine, too fuelled buying activity on the domestic bourses.
Markets to open in green tracking positive cues from other Asian markets.
Markets are expected to keep the momentum going on account of easing geo-
political tensions and wait for July CPI and industrial/ manufacturing output
data today. Intraday market direction to be decided by Q1 earnings in a result
heavy day.
DEBT MARKET & FOREX
Bond yield ended down, after central bank trimmed the size of this week's debt
sale while also approving the transfer of its surplus profits to the government.
New 8.40% GS 2024 benchmark yield ended down 5 bps at 8.59% while 10‐year old
benchmark bond yield ended down 3 bps at 8.83%
INR weakened marginally against the US dollar, as sentiment remained cautious on
concerns that foreign investors would pare some of their domestic equity or debt
holdings, but easing global geopolitical tensions limited the fall.
Shorter end of the yield curve to see some pressure easing as RBI to conduct
50bn rupees of one-day variable rate repo auction today.
Broader yields will be range bond as investors will wait for July CPI and
manufacturing data to be released later in the day.
INDIAN INDICES (% Change)
Last Close 1 Day MTD YTD
Sensex 25519 0.8 (1.5) 20.5
Nifty 7626 0.8 (1.2) 21.0
GLOBAL INDICES (% Change)
Last Close 1 Day MTD YTD
Dow 16570 0.1 0.0 (0.0)
NASDAQ 4401 0.7 0.7 5.4
FTSE 6633 1.0 (1.4) (1.7)
CAC 4198 1.2 (1.1) (2.3)
Hangseng * 15179 0.3 (2.8) (6.8)
Nikkei * 24601 (0.2) (0.6) 5.6
* As of 8.30 AM
INSTITUTIONAL ACTIVITY (Rs/Cr.)
Last MTD YTD
FIIs Cash (467) 1,141 73,103
Mutual Fund 67 2,008 (224)
*MF figs & FII figs delayed by 1day, as reported by SEBI
CURRENCY MONITOR
Last Close Abs. Change % Change
USD 61.38 (0.08) (0.12)
EUR 82.19 (0.12) (0.14)
GBP 102.97 (0.30) (0.29)
JPY 60.12 (0.17) (0.29)
Dollar Index 81.55 0.08 0.10
INTERNATIONAL BULLION / ENERGY
Last Close Abs. Change % Change
Gold (USD/oz) 1308.30 (0.20) (0.02)
Silver (USD/oz) 20.00 (0.10) (0.50)
Copper (USD/oz) 316.05 (1.40) (0.44)
Crude Oil(USD/bbl) 98.08 0.52 0.53
Source: Bloomberg
12 August, 2014