Daily Newsletter

August 5, 2019

News Summary
 Indian equity indices ended higher on Friday supported by gains in auto and information technology stocks.
 Gains were however limited amid weak global cues after the US announced fresh tariffs on Chinese imports.
 The interbank call money rate ended lower at 5.55% on Friday as against 5.65% on Thursday.
 Government bond prices ended higher on Friday tracking a cooling in crude oil prices.
 Finance Ministry says the issue price of Sovereign Gold Bonds 2019-20 (Series III) has been fixed at Rs 3499 per gram of gold; the
issue will be open for subscription from August 5 to August 9.
 RBI updates fit and proper norms for boards of public sector banks.
 RBI asks banks not to impose any limit on number and value of deposits that can be made in a month on the basic savings bank
deposit account.
 SEBI proposes changes to norms on portfolio management services (PMS).

Market Indicators

(FII/MF
10-Year G-Sec Yield 1.90% Corporate AAA Bond Spreads
(Nifty) Inv Rs Cr ) 8.30% 2-Aug-19
11600 4,000 1-Aug-19
7.84% 1.52%
3,000

Spreads (%)
11440 2,000 2-Aug-18
1,000 7.38% 1.14%
11280
0
11120 -1,000 6.92% 0.76%
10960 -2,000
-3,000 6.46% 0.38%
10800 -4,000
19-Jul
22-Jul
23-Jul
24-Jul
25-Jul
26-Jul
29-Jul
30-Jul
31-Jul
1-Aug

6.00% 0.00%
23-Nov-18

15-Mar-19
15-Feb-19
31-Aug-18
28-Sep-18

21-Dec-18
18-Jan-19

12-Apr-19
10-May-19
7-Jun-19
5-Jul-19
3-Aug-18

26-Oct-18

2-Aug-19

0-0.5 0.5-1 1.0- 2.0- 3.0- 4.0- 5.0- 6.0-

2.0 3.0 4.0 5.0 6.0 8.0
FII Net Investment MF Net Investment Nifty (Duration Bucket in years)

India Index 02-Aug-19 1 Day % Chg 1 Year % Chg Corp. bonds

AAA AA+ AA AA- A+
S&P BSE Sensex 37118 0.27 -0.13 yields (%)
Nifty 50 10997 0.16 -2.20 6 month 6.62 6.66 6.91 7.05 7.31
S&P BSE Midcap 13547 0.15 -15.64 1 Year 7.19 7.14 7.43 7.58 7.82
S&P BSE Smallcap 12496 -0.44 -24.90 3 Year 7.41 7.36 7.72 8.00 8.29
5 Year 7.76 7.68 8.04 8.33 8.72
Global Index 02-Aug-19 1 Day % Chg 1 Year % Chg 10 Year 7.97 7.81 8.20 8.66 9.00
26485 -0.37 4.58 Data as of Aug 2 *AAA yield taken as average of GOI and non-GOI
DJIA
Nasdaq 8004 -1.32 2.58
Key Debt Market Indicators 02-Aug-19
FTSE 7407 -2.34 -2.23 5.75%
Repo rate
Nikkei 21087 -2.11 -6.33 5.50%
Reverse repo rate
Hang Seng 26919 -2.35 -2.87 6.00%
MSF rate
TREP 5.61%
Net Buying
FII Inv MF Inv 10 Yr Gilt 6.35%
Rs. Cr. (Equity)
3-mth CD rate 5.81%
01-Aug-19 -1166.87 NA
1 yr CD rate 6.65%
MTD -1166.87 14497.35*
3-mth CP rate 6.10%
YTD 64597.40 24182.59*
*Data as of July 31 1 yr CP rate 7.55%

Key Macro Indicators

Commodities 02-Aug-19 01-Aug-19 Change
CPI 3.18% (Jun-19)
Brent Crude ($/bbl) 61.89 60.50 1.39
WPI 2.02% (Jun-19)
Gold (Rs/10 gm) # 35341 34572 769
GDP Growth Rate 5.80% (Jan-Mar 19)
IIP 3.10% (May-19) Silver (Rs/1 Kg)# 40746 40105 641
#MCX spot prices

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