KEY HIGHLIGHTS:-

The 10-year government bond yield ended 0.15% higher at 6.600%, touched a high of 6.600% and low of 6.590%.US 10 year benchmark trades 0.86% higher at 2.206%.
The 6.79% G-sec maturing in 2027 closed lower at Rs101.3400 with its yield at 6.5985% and the 6.97% G-sec maturing in 2026 closed at Rs100.9100 with its yield at 6.8321%.
The overnight call money rates ended at 6.10% and moved in a range of 4.90% and 6.35%.
Foreign exchange Reserves in India reached an all time high to $400.730 billion in September 8 from $398.120 billion in the previous week. The value of loans in India increased 6.50% y-o-y in the two weeks to September 1, 2017 whereas the bank deposit growth slowed to 9.6% y-o-y.
Rupee trades higher at 64.085 per dollar vs previous close of 64.123 per dollar as the dollar turned weak in global markets. The greenback fell as North Korea’s latest missile launch fueled geopolitical tensions. Gold trades at 29925/10gms and silver trades at 40360/kg.. Crude oil trades at $50.08 per barrel vs previous close of $49.89 per barrel. Oil prices rises as IEA sees demand rising and inventories shrinking.
FPI stood net buyers in domestic debt market with gross purchases worth Rs1542.63cr and gross sales worth Rs1405.27cr.
The 30 share BSE Sensex was up 30.68 points at 32272.61 and the Nifty fell 1.20 points to close at 10085.40.

FII/FPI  IN DEBT MARKET

DATE PURCHASES SALES NET(cr)
15Sept17 1542.63 1405.27 137.36
14Sept17 1048.07 118.25 -140.18

GLOBAL INDICES

INDEX 15th September 14th September %Chg
S&P BSE SENSEX 32272.61 32241.93 0.10%
NIFTY 50 10085.4 10086.6 -0.01%
NASDAQ 6429.08 6460.19 -0.48%
FTSE 100 7199.98 7295.39 -1.31%

POLICY RATES

INSTRUMENT                                                       RATE
91days T-bill 6.1081%
182days T-bill 6.2026%
364days T-bill 6.2532%
6.79% GS2027 6.5985%
MIBOR 5.9300%

EXCHANGE RATES

RATE 15th September 14th September %Chg
INR/$ 64.085 64.123 -0.06%
EUR/INR 76.6143 76.4275 0.24%
GBP/INR 87.075 85.943 1.32%
JPY/INR 0.5758 0.5833 -1.29%

DOMESTIC INDICATORS

INSTRUMENT RATES
10 yr bond yield as on 15th Sept 6.600%
1yr bond yield 6.298%
3yr bond yield 6.405%
US 10 yr benchmark yield 2.206%

G-SEC YIELDS

Securities Maturity 15th      Sept Total  Amt          (Rs cr)
06.35 GS 2020 02/01/2020 6.3657% 120
07.68 GS 2023 15/12/2023 6.7023% 1215
07.35 GS 2024 22/06/2024 6.7939% 1430
07.59 GS 2026 11/01/2026 6.9118% 25
08.60 GS 2028 06/02/2028 7.0759% 30

COMMODITY

INSTRUMENTS 15th Sept 14th Sept %Chg
CRUDE OIL 50.08 49.89 0.38%
GOLD 29925 29972 -0.16%
SILVER 40360 40494 -0.33%

MONEY MARKET RATES AND VOLUME

Type Last Trade Volume as on

15th Sept (cr)

Previous  day Volume(cr)
CALL 6.10 26304.54 13805.78
CBLO 6.10 73719.55 104776.10
REPO 6.25 63246.42 50654.79

Recommended Tax Free Bonds

Bond Name Maturity Coupon LTP YTM Volume(in 000’s) Rating
NTPC N6 16 DEC 33 8.91% 1352.9 6.11% 0.311 AAA
NHAI N8 11 JAN 26 7.39% 1105.1 6.30% 1.901 AAA
REC N9 24 SEP 28 8.71% 1269.94 6.18% 0.475 AAA/STABLE
HUDCO 13 JAN 34 9.01% 1345.55 6.21% 0.012 AAA

Recommended Taxable Bonds

Bond Name Maturity Coupon LTP YTM Volume(in 000’s)                       Rating
IIHFL N2 02 APR 20 12.00% 1090 12.41% 0.228 AA-
DHFCL NP 09 SEP 23 9.25% 1038.06 10.56% 0.318 AAA
DHFCL  NN 09 SEP 21 9.15% 1010 11.88% 0.02 AAA
ECL FIN N5 26 APR 20 12.00% 1084.84 12.62% 0.1 AA/STABLE

 


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