Equity Market Update for - March 9, 2010

Equity Markets For The Day

Th  The Sensex ended the day with a loss of 50.06 points, or 0.29% at 17,052.54. The broad-based NSE Nifty declined 22.5 points, or 0.44% at 5101.50.

. T  Top Gainers today were HDFC(2.0%),HDFC Bank(1.9%),Sun Pharma(1.3%),Maruti(1.2%),Infosys(1.2%).

      Top Losers today were JP Associates(3.8%),Tata Motors(2.9%),Hindalco(2.8%),Hero Honda(2.0%),DLF(1.9%).

      Market breadth was negative with 1,053 advances against 1,801 declines

 
INDEX CLOSE POINTS %CHANGE
NIFTY 5101.50 -22.5 0.44%
SENSEX 17,052.54 -50.06 0.29%
 


                TOP 3 GAINERS (source: nseindia.com)

GAINERS LAST PRICE % GAIN
HDFC 2658.00 2.04
HDFC BANK 1815.00 1.95
SUN PHARMA 1654.95 1.30
TOP 3 LOSERS
LOSERS  LAST PRICE % LOSS
JP ASSOCIATES 142.65 3.78
TATA MOTORS 773.90 2.87
HINDALCO 161.65 2.80

 

 

 Debt Market Update for March 9, 2010

MIBOR

3.3%

 

FOREX

$ Rupee 45.63/45.65

WPI INFLATION 

8.56%

Money market rates

  CD
90 days 5.50%
180 days 5.85%
1 year 6.48%


 

G SEC YIELD

5 year (7.32% GOI 2014) 7.27%
10 year (6.35% GOI 2020) 7.96%
US 10 YR. yield 3.69%
   

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 4500 cr 03-Mar 4.22% 24-Feb 4.13%
182 day 1500 cr 03-Mar 4.70% 17-Feb 4.55%
364 day 3000 cr 24-Feb 5.01% 10-Feb 4.88%

YIELD COMPARISON

SECURITY TODAY 1 D Ago 1 Wk Ago  1 Mt Ago 
  09-Mar 08-Mar 02-Mar 08-Feb
7.32% GOI 2014 7.27% 7.33% 7.27% 7.16%
6.35% GOI 2020 7.96% 8.00% 7.86% 7.68%
8.28% GOI 2032 8.32% 8.32% 8.34% 8.33%
CORPORATE  BOND MARKET

Market Behavior and sentiment for the day: Corporate bond yields declined on buying interest.

AAA BENCHMARKS / SPREADS
1Y 6.65 242
2Y 7.40 200
3Y 7.80 155
5Y 8.65 119
10Y 8.90 75
     
     
     
     
     
     

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 7.96% (previous: 8.00%).

Liquidity continued to be comfortable, with overnight call money market rates  in the range of 2.00%-3.30%. The net LAF balance improved and were at Rs.80,100 cr (Previous: Rs.75,440 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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