KEY HIGHLIGHTS:-

The 10-year government bond yield ended 0.35% lower at 7.5058%, touched a high of 7.531% and low of 7.505%.US 10-year benchmark trades 0.84% higher at 2.831%.

The 6.79% G-sec maturing in 2027 closed higher at Rs 94.1600 with its yield at 7.6800% and 6.97% G-sec maturing in 2026 ended at Rs 95.5500 with its yield at 7.6868%

The overnight call money rates ended lower at 5.85% and moved in a range of 4.90% and 6.05%.

Rupee trades lower at 64.315 per dollar vs previous close of 64.21 per dollar amid dollar demand from importers and banks. Gold trades at 30182/10gms and silver trades at 38345/kg.Crude oil trades at $61.16 per barrel.Oil prices fell sharply after the U.S. government reported crude stockpiles rose by 1.9 million barrels.

FPI stood net buyers in domestic debt market with gross purchases worth Rs 490.68 cr and gross sales worth Rs 847.19 cr.

The 30 share BSE Sensex was up 330.45 points to close at 34413.16 and Nifty 50 was up 100.15 points to close at 10576.85.

FII/FPI  IN DEBT MARKET

DATE PURCHASES SALES NET(cr)
8th Feb 18 490.68 847.19 -356.51
7th Feb 18 1617.58 867.83 749.75

 

GLOBAL INDICES

INDEX 8th February 7th February %Chg
S&P BSE SENSEX 34413.16 34082.71 0.97%
NIFTY 50 10576.85 10476.7 0.96%
NASDAQ 7051.98 7115.88 -0.90%
FTSE 100 7214.36 7279.42 -0.89%

POLICY RATES

INSTRUMENT RATE
91days T-bill 6.3977%
182days T-bill 6.5228%
364days T-bill 6.6508%
6.79% GS2027 7.6800%
MIBOR 6.0000%

EXCHANGE RATES

RATE 8th February 7th February %Chg
INR/$ 64.315 64.21 0.16%
EUR/INR 78.635 78.862 -0.29%
GBP/INR 89.39 89.064 0.37%
JPY/INR 0.5862 0.5886 -0.41%

 

DOMESTIC INDICATORS

INSTRUMENT RATES
10 yr bond yield as on 8th Feb 7.505%
1yr bond yield 6.688%
3yr bond yield 7.133%
US 10 yr benchmark yield 2.831%

 

G-SEC YIELDS

Securities Maturity 8thFebruary Total  Amt          (Rs cr)
06.35 GS 2020 02/01/2020 6.8045% 645
07.16 GS 2023 20/05/2023 7.4235% 325
07.72 GS 2025 25/05/2025 7.5721% 400
08.33 GS 2026 09/07/2026 7.7816% 710
08.60 GS 2028 02/06/2028 7.7971% 75

 

COMMODITY

INSTRUMENTS 8th Feb 7th Feb %Chg
CRUDE OIL 61.16 61.66 -0.81%
GOLD 30182 30433 -0.82%
SILVER 38345 38788 -1.14%

 

MONEY MARKET RATES AND VOLUME

Type Last Trade Volume as on 8th Feb (cr) Previous  day Volume (cr)
CALL       5.85 13759.32 12583.26
CBLO 5.88 135272.40 133978.20
REPO 5.95 48988.69 50183.77

Recommended Tax Free Bonds

Bond Name Maturity Coupon LTP YTM Volume(in 000’s) Rating
HUDCO 13 JAN 34 9.01% 1283.98 7.05% 0.502 AAA
IRFC  NA 18 FEB 29 8.65% 1234.3 6.57% 0.5 AAA
NHAI N8 11 JAN 26 7.39% 1119 6.51% 0.184 AAA
REC N2 19 DEC 27 7.38% 1093 7.34% 0.267 AAA

Recommended Taxable Bonds

Bond Name Maturity Coupon LTP YTM Volume(in 000’s) Rating
DHFCL NP 09 SEP 23 9.25% 1025 11.36% 0.045 AAA
DHFCL NN 09 SEP 21 9.15% 1025 12.90% 0.22 AAA
DHFCL NC 16 AUG 26 9.30% 1057.01 10.85% 0.046 AA/STABLE
ECLFIN NB 11 MAR 20 10.15% 1034 12.40% 0.06 AA/STABLE

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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Debt Market Review (08 February 2018)http://research.elitewealth.in/wp-content/uploads/2017/08/debt-market-view.pnghttp://research.elitewealth.in/wp-content/uploads/2017/08/debt-market-view-150x150.pngelitewealthadvisorsDebt Market ReviewTrader ResearchKEY HIGHLIGHTS:- The 10-year government bond yield ended 0.35% lower at 7.5058%, touched a high of 7.531% and low of 7.505%.US 10-year benchmark trades 0.84% higher at 2.831%. The 6.79% G-sec maturing in 2027 closed higher at Rs 94.1600 with its yield at 7.6800% and 6.97% G-sec maturing in 2026 ended...Research Elite wealth Blog