Equity Market Update for - October 10, 2008 

Equity Markets For The Day

The Sensex ended the day with a loss of 800.51 points, or 7.07% at 10,527.85 after. The broad-based NSE Nifty declined 233.70 points, or 6.65% at 3,279.95.

Top Gainers were Ranbaxy(3.85%), SBI(2.21%).

Major losers were Rel Comm(22.82%), ICICI Bank(20.67%), Rel Infra(18.83%), JP Associates(17.04%), Tata Steel(16.91%).

Overall market breadth was extremely negative. Out of the total 2,619 stocks traded at BSE, 382 advanced, 2,189 declined while 48 remained unchanged

 
INDEX CLOSE POINTS %CHANGE
NIFTY 3,279.95 -233.70 6.65%
SENSEX 10,527.85 -800.51 7.07%
 


                TOP 3 GAINERS (source: nseindia.com)

GAINERS LAST PRICE % GAIN
RANBAXY 290.00 3.85
SBI 1351.40 2.21
TOP 3 LOSERS
LOSERS  LAST PRICE % LOSS
REL COMM 232.00 22.82
ICICI BANK 359.75 20.67
REL INFRA 518.00 18.83

 

 

 Debt Market Update for October 10, 2008 

MIBOR

16.48%

FOREX
$ Rupee 48.43/48.44
1 year fwd 0.067%/0.068%

WPI INFLATION 

11.80%

CP BENCHMARK
90 Day 14.12%


 

G SEC YIELD
28 year (8.33% GOI 2036) 8.46%
10 year (8.24% GOI 2018) 7.79%
US 10 YR. yield 3.84%
   

NEXT AUCTION AS PER CALENDAR

Oct 17-24 -GOI- 10-14 YR-Rs. 6000 cr and 20 YR and above - Rs.4000cr
Last Auction
Sept 26-GOI-13 YR-Rs. 6000 cr and 24 YR- Rs.4000cr

TREASURY BILL AUCTION
TENOR SIZE DATE CUT OFF PREVIOUS CUT OFF
91 day 5500CR 08-Oct 8.48% 01-Oct 8.86%
182 day

675CR

 01-Oct 9.01% 17-Sep 8.77%
364 day 2000CR 08-Oct 8.45% 24-Sep 8.80%

YIELD COMPARISON
SECURITY TODAY 1 D Ago 1 Wk Ago  1 Mt Ago 
  10-Oct 08-Oct 3-Oct 10-Sep
8.24% GOI 2018 7.79% 7.98% 8.30% 8.37%
7.99% GOI 2017 7.99% 8.21% 8.50% 8.52%
8.33% GOI 2036 8.46% 8.71% 9.11% 9.02%
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: With RBI announcing surprise 150 bps CRR cut and cancelling today's G-Sec auction, the markets were strong during the day. The bond yields, however, increased towards the end of the day on investors booking the profits.

The 10 year benchmark yields decreased to 7.79% as against the previous close of 7.98%.

Liquidity tighten further, with the intra-day over-night call rates spiking to 23% with today being reporting friday. Through the LAF repo auction, RBI continue to inject  huge liquidity in the system  (Rs.92,000 cr ).

Next week, the markets are expected to take cues from global credit turbulence and global crude prices, liquidity conditions and latest 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
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.