KEY HIGHLIGHTS:-

The 10-year government bond yield ended 0.06% higher at 6.566%, touched a high of 6.566% and low of 6.562%.US 10 year benchmark trades 0.90% higher at 2.153%.
The 6.79% G-sec maturing in 2027 closed lower at Rs101.6600 with its yield at 6.5538% and the 6.97% G-sec maturing in 2026 closed at Rs101.3300 with its yield at 6.7696%.
The overnight call money rates ended at 5.80% and moved in a range of 5.00% and 6.00%.
Inflation rate in India was recorded at 3.36% in August 2017. Industrial production in India increased 1.20% in July 2017 over the same month in the previous year.
Rupee trades lower at 63.975 per dollar vs previous close of 63.935 per dollar. Gold trades at 29876/10gms and silver trades at 41085/kg. The dollar was lifted up by improving investor risk sentiment as worries over North Korea & Hurricane Irma receded. Crude oil trades at $48.17 per barrel vs previous close of $48.07 per barrel.
FPI stood net buyers in domestic debt market with gross purchases worth Rs630.95cr and gross sales worth Rs221.97cr.
The 30 share BSE Sensex was up 276.50 points to close above 32000 for the first time since Aug8 and the Nifty 50 rallied 87 points to close at 10137.

 

FII/FPI  IN DEBT MARKET

DATE PURCHASES SALES NET(cr)
12-Sept-17 630.95 221.97 408.98
11-Sept-17 471.93 125.53 346.40

GLOBAL INDICES

INDEX 12th September 11th September %Chg
S&P BSE SENSEX 32158.66 31882.16 0.87%
NIFTY 50 10093.05 10006.05 0.87%
NASDAQ 6432.26 6360.19 1.13%
FTSE 100 7396.86 7413.59 -0.23%

POLICY RATES

INSTRUMENT RATE
91days T-bill 6.0668%
182days T-bill 6.2026%
364days T-bill 6.2532%
6.79% GS2027 6.5538%
MIBOR 6.0000%

EXCHANGE RATES

RATE 12th September 11th September %Chg
INR/$ 63.975 63.935 0.06%
EUR/INR 76.4147 76.4215 -0.01%
GBP/INR 84.867 84.161 0.84%
JPY/INR 0.583 0.5845 -0.26%

DOMESTIC INDICATORS

INSTRUMENT RATES
10 yr bond yield as on 12th Sept 6.566%
1yr bond yield 6.288%
3yr bond yield 6.394%
US 10 yr benchmark yield 2.153%

G-SEC YIELDS

Securities Maturity 12th      Sept Total Amt (Rs cr)
06.35 GS 2020 02/01/2020 6.3397% 25
07.68 GS 2023 15/12/2023 6.6416% 490
07.35 GS 2024 22/06/2024 6.7326% 365
07.59 GS 2026 11/01/2026 6.8536% 90
08.60 GS 2028 06/02/2028 7.042% 290

COMMODITY

INSTRUMENTS 12th Sept 11th Sept %Chg
CRUDE OIL 48.17 48.07 0.21%
GOLD 29876 30012 -0.45%
SILVER 41085 41126 -0.10%

MONEY MARKET RATES AND VOLUME

Type Last Trade Volume as on 12th Sept (cr) Previous  day Volume(cr)
CALL 5.80 10667.20 10630.26
CBLO 5.76 113571.50 120911.85
REPO 5.85 52796.58 47693.89

Recommended Tax Free Bonds

Bond Name Maturity Coupon LTP YTM Volume(in 000’s) Rating
NHAI NA 11 JAN 31 7.60% 1168.8 6.12% 3.82 AAA
REC 05 NOV 35 7.43% 1166 6.43% 0.011 AAA
REC N9 24 sep 28 8.71% 1279.8 6.07% 0.065 AAA/STABLE
IRFC NA 18 FEB 29 8.65% 1240 6.15% 0.504 AAA/STABLE

Recommended Taxable Bonds

Bond Name Maturity Coupon LTP YTM Volume(in 000’s) Rating
IIHFL N2 02 APR 20 12.00% 1091.53 12.34% 0.38 AA-
DHFCL NP 09 SEP 16 9.25% 1038.3 10.53% 3.701 AAA
DHFCL  NC 16 SUG 26 9.30% 1063.18 10.01% 1.515 AAA
ECL FIN N5 26 APR 20 12.00% 1090 12.46% 0.337 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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