Morning Brief – September 26, 2022

Global
• Singapore’s key core inflation gauge rose to a 14-
year high of 5.1% in August from a year earlier,
further solidifying bets that the central bank will
tighten policy at its meeting next month.
• British government bond yields surged by the most
in a day in over three decades on Friday after UK
finance minister Kwasi Kwarteng laid out a series of
tax cuts in a bid to boost growth.
• Oil prices plunged about 5% to an eight-month low
on Friday as the US dollar hit its strongest level in
more than two decades and on fears that rising
interest rates will tip major economies into recession,
cutting demand for oil.
Domestic
• India is on track to attract USD 100 billion in foreign
direct investment in the current fiscal on account of
economic reforms and ease of doing business. In
2021-22, India received the highest ever FDI inflows
of USD 83.6 billion.
• FPI inflows in September so far stood at Rs 8,638
crore in the equity market which is steeply lower
compared to August. Foreign investors have slowed
down the pace of equity buying in India on sharp
depreciation in rupee.
• India's foreign exchange reserves fell for a seventh
straight week, dropping to USD 545.652 billion in
the week to September 16. This is the lowest level
since 2 October, 2020.

Global Indicators
26-09-2022 23-09-2022
(LATEST
UPDATED)
Dow Futures(LIVE) 29,475.00 29,590
NASDAQ 100 Futures - (LIVE) 11,293.25 10,868
S & P 500(23 Sep,5:20pm) 3,693.23 3,693
Nikkei 225(LIVE) 26,436.51 27,153.83
FTSE 100(23 Sep, 4:46 pm) 7,018.60 7,019
US 10-yr (%)(LIVE) 3.75 3.69
UK 10-yr (%)(LIVE) 3.84 3.83
Germany 10-yr (%)(LIVE) 1.97 2.03
Gold(LIVE) 1,681 1,656
Crude Oil (WTI) 83.49 78.74
Crude Oil (Brent)(LIVE) 89.53 85.03

Equity and Currency Markets - Domestic

26-09-2022 (LIVE) 23-09-2022
Sensex 57,239.36 58,098.92
NIFTY 17,041.95 1 7,327.35
Rs/$* 81.53 80.99
Rs/€* 78.53 79.07

Money Market - Domestic

22-09-2022 (LIVE) 23-09-2022
Avg. Call Rate (%) 5.51 5.40
Vol. Traded (Rs million) 1,42,202 1,41,454
Net banking system liquidity outstanding (Rs million)* (2,66,206) (1,71,716)
T-Bills 91 days (%) 5.85 5.90
182 days (%) 6.39 6.28
364 days (%) 6.38 NA
G-sec 3 years (%) 7.35 7.32
5 years (%) 7.38 7.37
10 years (%) 7.39 7.42
*(+)Deficit/(-)Surplus (Net banking system liquidity outstanding = total repo+MSF+SLF – total reverse repo); Source: CEIC, CCIL

FPI and MFs Investment Flows - Domestic

Equity Debt
Total (Net)^
Net Net
Net FPI Flows (USD million)
Aug-22 6,442 857 7,107
Sep-22* 1,091 582 1,775
22-Sep-22 (35) (83) (118)
23-Sep-22 (276) (146) (425)
MF Investments (Rs million)
Sept-22# 27,730 32,088 59,818
*Latest data as of previous trading day; #Data till Sept 08, 2022; ^Total (Net) of equity, debt & hybrid; Source: CEIC

Bond Spreads over G-Sec (PP)*- Domestic G-Sec Yields (%) - Domestic
PSU, FIs
10 Year & Banks NBFCs Corporates

AAA 0.02 0.47 0.52 10

AA+ 0.49 1.01 0.92
AA 0.77 1.31 1.19 8
%

AA- 1.24 1.77 1.67

6
A+ 1.99 3.52 2.92
A 2.24 3.77 3.17
4
A- 2.49 4.02 3.67
BBB+ 2.99 4.52 4.17
2
BBB 3.24 4.77 4.42 1 2 5 10 15 20 30
BBB- 3.74 5.27 4.92 Years
*As of September 22, 2022; Source: FIMMDA Source: CCIL
31-Mar-22 30-Jun-22 23-Sep-22

SourFI

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