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1. Current Yield (%) Abs. Change % Change MONEY MARKET 3 Month CD Yield 8.66 0.03 0.3 3 Month CP Yield 8.91 (0.05) (0.6) 91 Day T Bill 8.52 (0.08) (1.0) 12 Month CD Yield 9.08 0.03 0.3 12 Month CP Yield 9.41 (0.02) (0.2) 364 Day T-Bill 8.63 (0.08) (0.9) G-SEC 3 Year 8.39 0.02 0.2 5 Year 8.56 0.00 0.0 10 year 8.51 (0.00) (0.0) AAA CORPORATE BOND 1 year 9.09 (0.01) (0.1) 3 Year 9.17 (0.01) (0.2) 5 Year 9.24 (0.01) (0.1)
YIELD CURVE
Wgt. Avg. Rate Volume (Rs Cr) MONEY MARKET* Call 7.98 1,36,737.90 CBLO 7.66 6,61,149.50 Repo 8.08 3,51,641.90
Source CCIL
Banks’ net average borrowings stood at Rs. 85bn under the RBI’s LAF, more than previous day’s figure of Rs. 84bn
Source: Bloomberg
DAILY HEADLINES August eight core industries' growth at 5.8% versus 2.7% MoM Petrol price cut by 65 paise , Non-subsidised LPG cylinder price cut by Rs 21; ATF by a steep 3% Govt cuts silver base import price to USD 575 per kg from USD 609/kg , gold base import price to USD 369/10 gm from USD 400/10 gm SBI cuts short-term deposit rates to 6% Maruti Suzuki to recall 69,555 vehicles of old Dzire, old Swift and Ritz NTPC signs coal-swapping agreement with Gujarat State Electricity Corporation Apollo Hospitals, Sanofi to collaborate on diabetes care FIPB to take up HDFC Bank and Punj Lloyd FDI proposal on October 21 RBI cuts FII investment limit in IDFC to 48% from 50% IVRCL puts up Rs 4,000 cr assets for sale to ease debt burden ABB gets order worth Rs 55 cr from Tamil Nadu government
EQUITY MARKET Markets closed on a flattish note, erasing gains in last couple of hours of trade, on back of profit booking in interest-sensitive stocks, after the RBI kept interest rates unchanged in its bi-monthly monetary policy. Markets to open on a flattish note with positive bias taking mixed cues from other Asian markets. On the domestic front, the auto sector is likely to be in focus as auto companies are expected to announce their September auto sales numbers. But markets are likely to be flattish today, with consolidation seen ahead of long holidays.
DEBT MARKET & FOREX Bond yield ended up as RBI’s decision to cut held-to-maturity ratio in stages starting in January hurt sentiments. New 8.40% GS 2024 benchmark yield ended up 2bps at 8.51% against the previous close of 8.49%, moving in the range of 8.48% to 8.52%. INR weakened against dollar as month-end demand for the US currency from oil importers weighed on the local unit. Bond yields to be range bound today, with some volatility likely as banks prepare to close half-yearly books. Shorter end of the yield curve could see some movement as RBI to conduct 160bn rupee of 16-day term repo auction today.
INDIAN INDICES (% Change) Last Close 1 Day MTD YTD Sensex 26631 0.1 0.0 25.8 Nifty 7965 0.1 0.0 26.3
GLOBAL INDICES (% Change) Last Close 1 Day MTD YTD Dow 17043 (0.2) 0.0 2.8 NASDAQ 4493 (0.3) 0.0 7.6 FTSE 6623 (0.4) 0.0 (1.9) CAC 4416 1.3 0.0 2.8 Hangseng * 16215 0.3 0.3 (0.5) Nikkei * 22933 (1.3) 0.0 (1.6)
* As of 8.30 AM INSTITUTIONAL ACTIVITY (Rs/Cr.) Last MTD YTD FIIs Cash 232 5,605 84,004 Mutual Fund 1301 3,227 8,401
*MF figs & FII figs delayed by 1day, as reported by SEBI
CURRENCY MONITOR Last Close Abs. Change % Change USD 62.11 0.16 0.25 EUR 78.13 (0.52) (0.65) GBP 100.40 (0.11) (0.11) JPY 56.63 (0.03) (0.05) Dollar Index 86.05 0.11 0.13
INTERNATIONAL BULLION / ENERGY Last Close Abs. Change % Change Gold (USD/oz) 1207.70 (2.80) (0.23) Silver (USD/oz) 16.95 (0.11) (0.66) Copper (USD/oz) 300.65 (0.10) (0.03) Crude Oil(USD/bbl) 91.16 (3.41) (3.61)
Source: Bloomberg
01 Oct, 2014