Equity Market Update for - July 23, 2008

Equity Markets For The Day

The Sensex ended the day with a gain of 813.50 points, or 5.77% at 14,917.70. While the broad-based NSE Nifty climbed 236.70 points, or 5.58% at 4,476.80.

Major gainers were R.Comm (12.20%), ICICI Bank (11.64%), BHEL (10.92%), HDFC (10.92%), and SBI (10.45%).

Major losers were Cipla (2.21%) and Hindustan Unilever (0.65%)

Overall market breadth was positive. Out of the total 2,759 traded at BSE, 2,270 advanced, 436 declined while 53 remained unchanged.

 
INDEX CLOSE POINTS %CHANGE
NIFTY 4476.80 236.70 5.58
SENSEX 14917.70 813.50 5.77
 


                TOP 3 GAINERS (source: nseindia.com)

GAINERS LAST PRICE % GAIN
R.COMM 525.85 12.20
ICICI BANK 2410.00 11.64
BHEL 1768.10 10.92
TOP 3 LOSERS
LOSERS  LAST PRICE % LOSS
CIPLA 232.00 2.21
HUL 229.25 0.65

 

 

 Debt Market Update for  July 23, 2008 

MIBOR

9.71%

FOREX
$ Rupee 42.08/42.09
1 year fwd 4.08/4.12

WPI INFLATION 

11.91%

CP BENCHMARK
90 Day 10.60%


 

G SEC YIELD
30 year (8.33% GOI 2036) 9.68%
10 year (8.24% GOI 2018) 9.02%
US 10 YR. yield 4.13%
   

NEXT AUCTION AS PER CALENDAR
   July 4-GOI-10 YR-6000 cr,20Yr-4000 Cr
Last Auction
   Jun13-Jun20-GOI-15-19 YR-6000 cr,

TREASURY BILL AUCTION
TENOR SIZE DATE CUT OFF PREVIOUS CUT OFF
91 day 3000CR 16-Jul 9.10% 09-Jul 9.02%
182 day

1000CR

 09-Jul 9.34% 11-Jun 7.68%
364 day 1000CR 16-Jul 9.44% 02-Jul 9.17%

YIELD COMPARISON
SECURITY TODAY 1 D Ago 1 Wk Ago  1 Mt Ago 
  23-Jul 22-Jul 16-Jul 20-JUN
8.24% GOI 2018 9.02% 9.12% 9.38% 8.62%
7.99% GOI 2017 9.23% 9.28% 9.55% 8.72%
8.33% GOI 2036 9.68% 9.71% 9.79% 9.02%
CORPORATE  BOND MARKET

Market Behavior and sentiment for the day: Corporate bond remained lack luster.
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 opened positive and continued its momentum due to  stability in the political scenario and lower international crude prices.

The 10 year benchmark closed  at 9.02% against previous close of 9.12%.

Liquidity was tight over night rates hovering around 8.50%.

Markets are expected to to cues from auction cut off and inflation figures.

  
 

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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