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Daily Report 29th May, 2024

India equity
Index movement Domestic equity review
Broad
28 May 1D % Chg 3M % Chg 1Y % Chg PE
Indices • Indian equities ended lower for the third consecutive day on
S&P BSE Sensex 75170 -0.29 3.96 20.27 23.97 Tuesday due to market volatility related to election caution, and a
Nifty 50
lack of new triggers amid mixed global cues.
22888 -0.19 4.27 23.72 21.74
S&P BSE MidCap 43516 -0.63 11.52 62.35 30.88
S&P BSE SmallCap 47433 -1.09 5.41 57.26 32.34
Institutional investments
Source: NSE, BSE – All returns are absolute
Sectoral FII Inv MF Inv DII Inv
Rs. Cr (Equity)
28 May 1D % Chg 3M % Chg 1Y % Chg 27 May 27 May 28 May
Indices
S&P BSE Auto 54096 -0.23 15.76 66.10 Buy 15,033 5,726 13,170
S&P BSE Bankex 56080 -0.34 7.39 12.25 Sell 14,337 4,705 9,938
S&P BSE CD 55854 -0.13 9.48 39.48 Net 696 1,021 3,232
S&P BSE CG 69638 -0.95 22.07 88.38 Net (YTD) -22,173 150,900 196,409
S&P BSE FMCG 19879 -0.03 2.49 9.66 Source: NSDL, SEBI, NSE
S&P BSE Healthcare 35562 0.29 0.69 51.13
S&P BSE IT 34521 -0.46 -9.97 17.93 Volatility
S&P BSE Metal 33125 -0.64 24.22 67.61 Value of VIX Latest Day 1M ago 3M ago
S&P BSE Oil & Gas 29001 -1.20 4.94 57.66
India VIX 24.20 10.93 15.20
S&P BSE Power 7608 -1.86 16.62 98.09
Source: NSE
S&P BSE Realty Index 7921 -2.22 10.30 109.38
Source: NSE, BSE – All returns are absolute

India debt
Debt market indicators Domestic debt review

Indicators 28 May 1D ago 1M ago 3M ago • The average interbank call money rate ended lower at 6.49% on
Tuesday compared to 6.68% on Monday.
Call rate 6.49% 6.68% 6.68% 6.43%
• Government bond prices ended lower on Tuesday due to profit
1-year T-Bill# 7.02% 7.02% 7.06% 7.11%
booking at a higher level.
1-Month CP 7.39% 7.45% 7.28% 6.90%
3-Month CP
• The yield ended higher at 6.99% on Tuesday compared to 6.98%
7.75% 7.70% 7.60% 8.39%
on Monday.
6-Month CP 7.90% 7.90% 7.80% 7.49%
1-year CP 7.95% 8.00% 7.95% 8.28% Liquidity
1-Month CD 7.00% 6.98% 7.05% 6.66%
3-Month CD 300000
7.15% 7.15% 7.20% 7.74%
250000
Liquidity in Rs. cr.

6-Month CD 7.48% 7.45% 7.47% 7.20% 200000

150000
1-year CD 7.63% 7.60% 7.53% 7.77% 100000
50000
3-year AAA 7.72% 7.72% 7.78% 7.73% 0
27-Apr-24
28-Apr-24
29-Apr-24
30-Apr-24

15-May-24
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16-May-24
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3-year AA+ 8.45% 8.45% 8.51% 8.47%

3-year AA 8.74% 8.74% 8.80% 8.74%
3-year AA- 9.82% 9.82% 8.51% 8.47%
Source: RBI
5-year AAA 7.56% 7.56% 7.62% 7.69%
5-year AA+ 8.41% 8.41% 8.47% 8.55%
Yield movement
5-year AA 9.16% 9.16% 9.23% 9.29% Change in bps (RHS) 28-May-24 26-Apr-24
5-year AA- 9.77% 9.77% 8.47% 8.55% 8.0 0
Changes in bps

-10
10-year G-sec#
Yield in %

6.99% 6.98% 7.20% 7.06% 7.0

-20
5-year G-sec# 7.04% 7.04% 7.19% 7.05% 6.0 -30
1 Y G-Sec

5 Y G-Sec
91-day T-bill

182-D T Bill

364-D T Bill

10 Y G-Sec

15 Y G-Sec

20 Y G-Sec

30 Y G-Sec

3-year G-sec# 7.03% 7.03% 7.19% 7.05%

Net LAF (Rs Cr)* 153794 192993 158495 189110
Forex reserves ($ bn)^ 648.70 644.15 640.33 616.10
Source: RBI, CRISIL Fixed Income Database
Source: CRISIL Fixed Income Database
*One Day Lag Data ^Week Ago Data #Weighted Average Yield

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Daily Report 29th May, 2024

India news
• The income tax department asked taxpayers to link PAN with
Aadhaar by May 31 to avoid tax deduction at a higher rate.
• Reserve Bank of India (RBI) launched three major initiatives
namely the PRAVAAH portal, RBI Retail Direct mobile application
• The commerce ministry held deliberations with experts, former and FinTech Repository.
officers and senior officials from different departments on
framing a standard operating procedure for free trade pacts and
• Adani Enterprises has approved raising up to Rs 16,600 cr
through QIP and other methods.
other related issues under these agreements.
• Sebi notified a framework for issuance of subordinate units by • Avendus has launched a third Future Leaders Fund for which it
aims to raise about Rs 3,000 crore, including a green-shoe
privately placed infrastructure investment trusts (InvITs).
option to raise up to Rs 1,500 crore more.

Currency and commodities

Price movement Currency and commodities review

Currencies and commodities 28 May 1D ago 1M ago 3M ago

• The rupee ended lower against the US dollar on Tuesday
due to rising dollar demand from the local corporates.
USD 83.18 83.13 83.35 82.93
• Crude oil prices rose $1.18 to $79.83 a barrel on the NYMEX
NYMEX Crude Oil ($/bbl) 79.83 78.65 83.35 78.54 on the hopes that OPEC+ will maintain crude supply curbs
Gold (Rs / 10 gm) # 72291 72191 72448 62135
and US summer demand.

# ibja- rates spot prices

Source: RBI, Reuters

Global Markets
Global equity Global debt
Global 10 yr
Global
28 May 1D % Chg 3M % Chg 1Y % Chg Sov. Yields (%) 28 May 1D Ago 3M Ago 1Y Ago
Indices

DJIA 38,853 -0.55 -0.25 17.40 US 4.55 4.47 4.27 3.81

FTSE 100 8,254 -0.76 8.25 8.22 UK 4.31 4.30 4.19 4.34

Nikkei 225 38,855 -0.11 -0.90 25.68 German 2.60 2.55 2.46 2.54

Hang Seng 18,821 -0.03 13.81 0.40 Japan 1.04 1.02 0.69 0.41
Source: Financial websites – All returns are absolute Source: Financial websites – All returns are absolute

• Global markets ended lower. FTSE 100 owning to uncertainty over Fed interest rate cuts and domestic political landscape
• US Dallas Fed Manufacturing Index decreased to -19.4 in May, from -14.5 in the previous month.
• US CB Consumer Confidence rose by 102 points in May from 97 points in April.

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