Equity Market Update for - August 27, 2008 

Equity Markets For The Day

The Sensex ended the day with a loss of 185.43 points, or 1.28% at 14,296.79. The broad-based NSE Nifty declined 45.40 points, or 1.05% at 4,292.10.

 Top gainer were Hindalco(2.43%), Tata Steel(0.89%), Infosys(0.67%), M&M(0.30%), JP Associates(0.03%)..

 Major losers DLF(3.63%), Rel Infra(3.40%), SBI(3.33%), ICICI Bank(2.74%),Tata Motors(2.73%). .

·     Overall market breadth was negative.  Out of the total 2,707 stocks traded at BSE, 1,025 advanced, 1,580 declined while 102 remained unchanged

 
INDEX CLOSE POINTS %CHANGE
NIFTY 4292.10 -45.40 1.05
SENSEX 14296.79 -185.43 1.28
 


                TOP 3 GAINERS (source: nseindia.com)

GAINERS LAST PRICE % GAIN
HINDALCO 139.00 2.43
TATA STEEL 582.70 0.89
INFOSYS 1709.00 0.67
TOP 3 LOSERS
LOSERS  LAST PRICE % LOSS
DLF 479.95 3.63
REL INFRA 968.25 3.40
SBI 1325.80 3.33

 

 

 Debt Market Update for  August 27, 2008 

MIBOR

9.04%

FOREX
$ Rupee 43.84/43.85
1 year fwd 2.54/2.56

WPI INFLATION 

12.63%

CP BENCHMARK
90 Day 11.51%


 

G SEC YIELD
30 year (8.33% GOI 2036) 9.86%
10 year (8.24% GOI 2018) 8.88%
US 10 YR. yield 3.83%
   

NEXT AUCTION AS PER CALENDAR
September 5-12-GOI-10-14 YR- Rs. 5000 cr; 20YR- Rs.3000 cr
Last Auction
   August 22-GOI-19 YR-6000 cr.

TREASURY BILL AUCTION
TENOR SIZE DATE CUT OFF PREVIOUS CUT OFF
91 day 5000CR 20-Aug 9.15% 13-Aug 9.15%
182 day

2500CR

 20-Aug 9.32% 06-Aug 9.29%
364 day 2500CR 13-Jul 9.29% 30-Jul 9.55%

YIELD COMPARISON
SECURITY TODAY 1 D Ago 1 Wk Ago  1 Mt Ago 
  27-Aug 26-Aug 20-Aug  25-Jul
8.24% GOI 2018 8.88% 8.89% 9.14% 9.16%
7.99% GOI 2017 9.11% 9.11% 9.16% 9.29%
8.33% GOI 2036 9.86% 9.86% 9.91% 9.77%
CORPORATE  BOND MARKET

Market Behavior and sentiment for the day: Corporate bond market was 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: Market remained firm due to  lower T-bill auction cut-off, improved liquidity and SLR demand.

The 10 year benchmark closed  at 8.80% against previous close of 8.89%.

Liquidity was tight with over night rates hovering around 9%, with RBI infusing around  4050 cr through LAF repo.

Markets are expected to range-bound take cues from global crude price movement and quarterly GDP and inflation figures scheduled to be released by week end.
 

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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