Equity Market Update for - March 10, 2010

Equity Markets For The Day

      The Sensex ended the day with a gain of 45.79 points, or 0.27% at 17,098.33. The broad-based NSE Nifty climbed 14.75 points, or 0.29% at 5116.25.

. T  Top Gainers today were Hero Honda(2.9%),ACC(2.2%),Reliance(1.8%),JP Associates(1.8%),HDFC(1.5%).

      Top Losers today were NTPC(1.4%),Maruti(1.3%),Airtel(1.1%),Infosys(0.9%),Sun Pharma(0.8%)

      Market breadth was negative with 1,135 advances against 1,690 declines.

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INDEX CLOSE POINTS %CHANGE
NIFTY 5116.25 +14.75 0.29%
SENSEX 17,098.33 +45.79 0.27%
 


                TOP 3 GAINERS (source: nseindia.com)

GAINERS LAST PRICE % GAIN
HERO HONDA 1929.90 2.94
ACC 1009.90 2.21
RELIANCE 1008.05 1.80
TOP 3 LOSERS
LOSERS  LAST PRICE % LOSS
NTPC 200.20 1.38
MARUTI 1479.75 1.34
AIRTEL 288.15 1.10

 

 

 Debt Market Update for March 10, 2010

MIBOR

3.29%

 

FOREX

$ Rupee 45.38/45.39

WPI INFLATION 

8.56%

Money market rates

  CD
90 days 5.50%
180 days 5.85%
1 year 6.45%


 

G SEC YIELD

5 year (7.32% GOI 2014) 7.27%
10 year (6.35% GOI 2020) 7.98%
US 10 YR. yield 3.72%
   

NEXT AUCTION AS PER CALENDAR

Scheduled G-Sec auction completed for FY10

PREVIOUS AUCTION

Feb 5 - GOI - 7 yr -Rs.3000 cr;  10 yr-Rs.3000 cr; 18 yr - Rs. 2000 cr

TREASURY BILL AUCTION

TENOR SIZE DATE CUT OFF PREVIOUS CUT OFF
91 day 5000 cr 10-Mar 4.34% 03-Mar 4.22%
182 day 1500 cr 03-Mar 4.70% 17-Feb 4.55%
364 day 3000 cr 10-Mar 5.12% 24-Feb 5.01%

YIELD COMPARISON

SECURITY TODAY 1 D Ago 1 Wk Ago  1 Mt Ago 
  10-Mar 09-Mar 03-Mar 08-Feb
7.32% GOI 2014 7.27% 7.27% 7.36% 7.16%
6.35% GOI 2020 7.98% 7.96% 7.94% 7.68%
8.28% GOI 2032 8.33% 8.32% 8.34% 8.33%
CORPORATE  BOND MARKET

Market Behavior and sentiment for the day: Corporate bond yields moved sideways.

AAA BENCHMARKS / SPREADS
1Y 6.75 240
2Y 7.41 212
3Y 7.78 159
5Y 8.63 123
10Y 8.91 77
     
     
     
     
     
     

G-sec market comments: After touching 8% level yesterday, G-sec bonds yields improved today since buying emerged at the higher levels.  10 year G-Sec closed  the day lower at 7.98% (previous: 7.96%).

In T-bill auction, 91 day T-bill (Rs. 5000 cr) and 364 day T-bill (Rs. 3000 cr) saw higher cut-off of 4.34% (previous: 4.22%) and 5.12% (previous: 5.01%) respectively.

Liquidity continued to be comfortable, with overnight call money market rates  in the range of 3.30%-4.00%. The net LAF balance improved and were at Rs.83,605 cr (Previous: Rs.80,100 cr).

Markets are expected to take cues from industrial production numbers, monthly inflation numbers, borrowing calendar, global cues, domestic liquidity position and policy-makers statements and actions.


 

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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