Daily Newsletter

September 16, 2019

News Summary
 Indian equity indices gained on Friday aided by hopes of another rate cut by the RBI and on easing trade tensions between US and
China.
 All sectoral indices, barring pharmaceuticals, ended in the positive zone; with realty, metal, auto and banks gaining the most.
 The interbank call money rate settled at 5.20% on Friday as against 5.35% on Thursday.
 Government bond prices ended higher on Friday following strong demand for gilts seen at the weekly bond auction.
 India’s exports fell 6% to $26.13 bn in August while imports dipped 13.4% to $39.58 bn resulting in a trade deficit of $13.45 bn in
August compared with $13.43 bn in July and $17.92 bn a year earlier.
 India’s forex reserves fell $446 mn to $428.60 bn in the week ended August 30.
 International Monetary Fund (IMF) says India's economic growth is much weaker than expected due to corporate and environmental
regulatory uncertainty and lingering weakness in some non-Bank financial companies.

Market Indicators

(FII/MF
10-Year G-Sec Yield 1.90% Corporate AAA Bond Spreads
(Nifty) Inv Rs Cr ) 8.30% 13-Sep-19
11200 3,000 12-Sep-19
7.84% 1.52%
2,000

Spreads (%)
11080 12-Sep-18
1,000 1.14%
10960 7.38%
0
10840 -1,000 6.92% 0.76%
-2,000
10720
-3,000 6.46% 0.38%
10600 -4,000
29-Aug
28-Aug

30-Aug

11-Sep
12-Sep
4-Sep
3-Sep

5-Sep
6-Sep
9-Sep

6.00% 0.00%
26-Apr-19
4-Jan-19

29-Mar-19

21-Jun-19
19-Jul-19
16-Aug-19
14-Sep-18

9-Nov-18

13-Sep-19
1-Mar-19

24-May-19
7-Dec-18

1-Feb-19
12-Oct-18

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 13-Sept-19 1 Day % Chg 1 Year % Chg Corp. bonds

AAA AA+ AA AA- A+
S&P BSE Sensex 37385 0.76 -0.88 yields (%)
Nifty 50 11076 0.85 -2.59 6 month 6.09 6.22 6.47 6.61 6.87
S&P BSE Midcap 13666 0.41 -15.06 1 Year 6.78 6.90 7.19 7.34 7.58
S&P BSE Smallcap 13013 0.82 -20.86 3 Year 7.15 7.19 7.55 7.83 8.12
5 Year 7.53 7.47 7.83 8.12 8.51
Global Index 13-Sept-19 1 Day % Chg 1 Year % Chg 10 Year 7.94 7.96 8.35 8.81 9.15
27220 0.14 4.11 Data as of Sept 13 *AAA yield taken as average of GOI and non-GOI
DJIA
Nasdaq 8177 -0.22 2.03
Key Debt Market Indicators 13-Sept-19
FTSE 7367 0.31 1.18 5.40%
Repo rate
Nikkei 21988 1.05 -3.65 5.15%
Reverse repo rate
Hang Seng 27353 0.98 1.25 5.65%
MSF rate
TREP 5.38%
Net Buying
FII Inv MF Inv 10 Yr Gilt 6.64%
Rs. Cr. (Equity)
3-mth CD rate 5.36%
12-Sept-19 2609.40 -197
1 yr CD rate 6.25%
MTD -2605.84 3634
3-mth CP rate 5.65%
YTD 47606.68 44728
1 yr CP rate 7.10%

Key Macro Indicators Commodities 13-Sept-19 12-Sept-19 Change

CPI 3.21% (Aug-19)
Brent Crude ($/bbl) 60.22 60.38 -0.16
WPI 1.08% (Jul-19)
Gold (Rs/10 gm) # 37592 37669 -77
GDP Growth Rate 5.00% (Apr-Jun 19)
IIP 4.30% (Jul-19) Silver (Rs/1 Kg)# 46250 46601 -351
#MCX spot prices

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