Equity Market Update for - November 19, 2008 

Equity Markets For The Day

The Sensex ended the day with a loss of 163.42 points, or 1.83% at 8,773.78. The broad-based NSE Nifty declined 48.15 points, or 1.79% at 2,635.00.

 Top Gainer were ITC(2.61%),Ranbaxy(1.81%),M&M(0.43%),DLF(0.31%),TCS(0.06%).

      Major losers were JP Associates(6.48%),Reliance Communication(5.96%),Hindalco(5.48%), BHEL(5.25%),  Grasim(5.10%).

      Overall market breadth was negative. Out of the total 2,573 stocks traded at BSE, 778 advanced, 1,718 declined while 77 remained unchanged.

 
INDEX CLOSE POINTS %CHANGE
NIFTY  2,635.0 -48.15 1.79%
SENSEX  8,773.78 -163.42 1.83%
 


                TOP 3 GAINERS (source: nseindia.com)

GAINERS LAST PRICE % GAIN
ITC 164.90 2.61
RANBAXY 216.30 1.81
M&M 301.70 0.43
TOP 3 LOSERS
LOSERS  LAST PRICE % LOSS
JP ASSO 63.5 6.48
REL COMM 197.10 5.96
HINDALCO 50.05 5.48

 

 

 Debt Market Update for November 19, 2008 

MIBOR

6.5%

FOREX
$ Rupee 50.03/50.04
1 year fwd 1.75%/1.77%

WPI INFLATION 

8.98%

CP BENCHMARK
90 Day 13.50%


 

G SEC YIELD
28 year (8.33% GOI 2036) 8.03%
10 year (8.24% GOI 2018) 7.40%
US 10 YR. yield 3.43%
   

NEXT AUCTION AS PER CALENDAR

Nov 21 - GOI- 6 YR-Rs. 6000 cr; 13 YR-Rs. 3000 cr
Last Auction
Nov 14 - GOI- 8 YR-Rs. 6000 cr, 24 Yr - Rs. 4000 cr

TREASURY BILL AUCTION
TENOR SIZE DATE CUT OFF PREVIOUS CUT OFF
91 day 6762CR 19-Nov 7.31% 12-Nov 7.35%
182 day

2000CR

 12-Nov 7.21% 29-Oct 7.38%
364 day 2000CR 19-Nov 7.09% 05-Nov 7.37%

YIELD COMPARISON
SECURITY TODAY 1 D Ago 1 Wk Ago  1 Mt Ago 
  19-Nov 18-Nov 12-Nov 17-Oct
8.24% GOI 2018 7.40% 7.46% 7.60% 7.72%
7.99% GOI 2017 7.50% 7.61% 7.73% 7.91%
8.33% GOI 2036 8.03% 8.03% 8.38% 8.33%
CORPORATE  BOND MARKET

Market Behavior and sentiment for the day: Corporate bond market was lack-luster.
AAA BENCHMARKS / SPREADS
1Y 11.36 436
2Y 11.29 435
3Y 11.16 413
4Y 11.18 385
5Y 11.25 397
6Y 11.25 397
7Y 11.34 396
10Y 11.23 383
     
     
     
     
     
     
     

G-sec market comments: The markets opened weak on G-Sec auction announcement, but improved during the day on rate cut expectations and lower crude prices.

The 10 yr G-Sec bonds yields closed lower at 7.40% as against previous close of 7.46%.

Liquidity was relatively comfortable. The net LAF balance was positive at Rs. 20,400 cr. The overnight  call rates were at 6% levels.

This week, the markets are expected to take cues from global credit turbulence, domestic liquidity conditions, lower inflation numbers, likely policy actions and G-sec auction cut-off.


 

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
Disclaimer and Unsubscription : You are receiving this emailer because you are an investor of Reliance Mutual Fund, or you have subscribed to our other daily emailers. Your privacy is very important to us. Click here to Unsubscribe. Since India has no anti-spamming law, we follow the US directive passed in Bill.1618 Title III by the 105th US Congress, which states that mail cannot be considered spam if it contains contact information, and a remove mechanism (which this email does) . Copyright © 2002. All Rights Reserved to Reliance Mutual Fund. The views expressed in this newsletter are those of Reliance Mutual Fund (RMF) and not that of the stock market or  the financial markets. RMF makes no representation as to the quality, liquidity or market perception on the securities/issuer/borrower, nor does it provide any guarantee whatsoever. The risk arising out of the purchase/participation in any issue will rest fully with you without any form of recourse to Reliance Mutual Fund.