Volatality continued today as Benchmark Indices recovered ~2% from the day’s low only to give away all the gains towards closing, ending at a 5-week low. The INR continued to depreciate, hitting 57 for the first time in a year. Infosys seems to have given away most of its gains in just 4 days after news of its founder returning. RIL’s aggressive telecom plans discussed in its AGM today weighed on other telecom companies. Sectorally Financials, Cement, Capital goods and IT stocks were up ;FMCG, Metal, Oil & gas, Pharma and Realty stocks were the key underperformers. The volumes continued to be muted.
Money Market Today :
Today, Call & CBLO rates were in range of 7.35% to 7.15% and 7.35% to 7.20% respectively.
Yield on new 10 year benchmark G-Sec 8.15% GS 2022 were in the range of 7.40% and 7.44%.
Money Market Outlook :
The liquidity situation remained tight.
Money Market Today :
Today, Call & CBLO rates were in range of 7.35% to 7.15% and 7.35% to 7.20% respectively.
Yield on new 10 year benchmark G-Sec 8.15% GS 2022 were in the range of 7.40% and 7.44%.
Money Market Outlook :
The liquidity situation remained tight.
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