Amidst high volatility, Benchmark Indices fell ~2% from the day’s high to close in the red. Post this weeks’ fall, the Nifty has given away all the gains from last month, going back to a 6 week low. Currently hovering at the crucial 50/100 DMA (Daily Moving Averages) levels. The INR close at 57 for the first time. Tech stocks led by TCS were the only saviours on a day where all other sectors were sold off. The volumes were muted, in-line with this week’s totals.
Money Market Today :
Today, Call & CBLO rates were in range of 7.70% to 7.20% and 8.00% to 7.20% respectively.
Yield on 10 year benchmark G-Sec 7.16% GS 2023 were in the range of 7.40% and 7.44%.
Money Market Outlook :
The liquidity situation remained tight.
Today, Call & CBLO rates were in range of 7.70% to 7.20% and 8.00% to 7.20% respectively.
Yield on 10 year benchmark G-Sec 7.16% GS 2023 were in the range of 7.40% and 7.44%.
Money Market Outlook :
The liquidity situation remained tight.
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