Equity Market Update for - May 12, 2008 

Equity Markets For The Day

The Sensex ended the day with rise of 0.74%, at 16,860.90; while the broad-based NSE Nifty climbed 30 points, or 0.60% at 5012.65.
BSE Mid-cap Index closed down 0.67%, while the BSE Small-cap Index fell 1.20%.

Gainers at the BSE Sensex include Ranbaxy which was up 5.3% to Rs 494, Satyam gained 3.4% to Rs 490. ITC was up 2.5% to Rs 224, while HDFC and Reliance Communications gained 2% each to Rs 2,699 and Rs 550 respectively

Grasim was the big loser, down 3.6% to Rs 2,256. Jaiprakash Associates declined nearly 2% to Rs 246, while ACC was down 1.45% TO Rs 702. DLF and Hindustan Unilever lost over 1.3% to Rs 622 and Rs 242 respectively. SBI, M&M, Bharti, Tata Steel, Tata Motors and L&T lost under 1% each.
The breadth was negative. Out of 2,747 stocks traded today - 1,768 declined, 926 advanced and the rest were unchanged
 

 
INDEX CLOSE POINTS %CHANGE
NIFTY 5012.65 30 0.60
SENSEX 16860.90 139.85 0.74
 


                TOP 3 GAINERS (source: nseindia.com)

GAINERS LAST PRICE % GAIN
Ranbaxy 494.85 5.41
Reliance Infra 1382 3.75
Satyam 491 3.72
TOP 3 LOSERS
LOSERS  LAST PRICE % LOSS
Grasim 2252 3.76
Jaiprakash Assoc 246 2.11
HUL 246.50 1.56

 

 

 Debt Market Update for  May 12, 2008 

MIBOR

6.50%

FOREX
$ Rupee 40.01/40.05
1 year fwd 1.29/1.34

WPI INFLATION 

7.61%

CP BENCHMARK
90 Day 7.95%-8.15%


 

G SEC YIELD
30 year (8.33% GOI 2036) 8.33%
10 year (7.99% GOI 2017) 7.91%
US 10 YR. yield 3.81%
   

NEXT AUCTION AS PER CALENDAR
   04-11th May 08- 5-9 yrs-Rs.6000cr, 20Yr&above-Rs.4000cr
 
 

TREASURY BILL AUCTION
TENOR SIZE DATE CUT OFF PREVIOUS CUT OFF
91 day 3000CR 7-May 7.31% 30-Apr 7.35%
182 day

1000CR

 30-Apr 7.44% 16-Apr 7.59%
364 day 1000CR 7-May 7.54% 23-Apr 7.68%

YIELD COMPARISON
SECURITY TODAY 1 D Ago 1 Wk Ago  1 Mt Ago 
  12-May 09-May 05-May 12-Apr
8.24% GOI 2018 7.92% 7.93% 7.91% 8.06%
7.99% GOI 2017 7.91% 7.93% 7.87% 8.05%
8.33% GOI 2036 8.33% 8.37% 8.32% 8.62%
CORPORATE  BOND MARKET

Market Behavior and sentiment for the day: Corporate bonds remained lack luster throughout the day.
AAA BENCHMARKS / SPREADS
1Y 9.15 135.37
2Y 9.35 129.40
3Y 9.45 129.00
4Y 9.55 136.92
5Y 9.55 130.68
6Y 9.55 127.04
7Y 9.58 126.39
10Y 9.60 128.39
     
     
     
     
     
     
     
G-sec market comments: Markets reamined strong due to more dated MSS supply and weak IIP data.

The 10 year benchmark closed  at 7.91% against previous close of 7.93%.

Liquidity was relatively easy with over night rates below 6% levels during the day.

Markets are expected to remain range bound and will take cues from RBI announcements.

Contact Us / Sign up a friend :
 Sources: NSE MIBOR, Top Gainers and Losers :- nse india.com.  Dollar/ Rupee Rate, Forward Premia, Repo amounts, Sensex / Nifty details, Tbill auction details, Auction details :- Reuters.  Gsec Benchmark and U.S. yields, Corporate yields :- Reuters, Bloomberg & RMF Team.  CP benchmark :- Bloomberg and RMF Fund Managers. FII flows :- sebi.gov.in
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