Indian Financial Markets At A Glance - 12:35PM Thursday, Sep 25 Financial markets update every hour from 9:30AM to 5:30PM
STOCKS Extend fall after trade resumes at 12:10PM. Trade was suspended at 11:25AM due to sun outage. Bharat Heavy Electricals down 1.5%, little changed despite 3.4-bln-rupee order win. Hero Honda Motors up 2.5%, top Nifty gainer. --Sensex: 13483.87, down 208.65 points or 1.52% vs Wed; 13716.88 at open --Nifty: 4092.65, down 68.60 points or 1.65% vs Wed; 4162.15 at open . CALL Flat around 10% as demand remains thin amid scarce supply. Banks borrowed 385 bln rupees via RBI first repo tender. CBLOs were dealt at a weighted average rate of 8.94% vs 8.99% Wed. --1-day call: 9.75-10.00% vs 10.00-10.15% Wed; 10.00-10.15% at open . GILTS Erase some gains as investors prefer to stay light ahead of weekly inflation data due later today. However, absence of sharp rise in global crude oil prices may support sentiment. --8.24%, 2018: 97.66 rupees vs 97.50 Wed; 97.75 rupees at open . RUPEE Stays weak as banks buy dollars noting fall in local share market. Importers' dlr buys adds to fall. But, dlr sales from exporters limits sharp fall in rupee. Premiums up as banks buy forward dollars on behalf of importers. --Spot rupee: 46.2400 per $1 vs 45.9700 Wed; 46.0800 at open --1-yr fwd premium: 1.46% vs 1.28% Wed; 1.41% at open . ------------------------------------------------------------------------------ MARKET AT 11:30AM . STOCKS Down 1%. Suzlon Energy slides 6%, worst hit on Nifty. Zicom Electronic Security Systems rises 2% on 75-mln-rupee order. Hero Honda Motors, Ambuja Cements, up around 2% each, among top gainers on Nifty. --Sensex: 13554.93, down 137.59 points or 1.00% vs Wed; 13716.88 at open --Nifty: 4115.35, down 45.90 points or 1.10% vs Wed; 4162.15 at open . CALL Flat around 10% as demand remains thin amid scarce supply. Banks borrowed 385 bln rupees via RBI first repo tender. CBLOs were dealt at a weighted average rate of 8.94% vs 8.99% Wed. --1-day call: 9.75-10.00% vs 10.00-10.15% Wed; 10.00-10.15% at open . GILTS Up on value buying. Marginal fall in global oil prices also aids buying. But gains may be capped as weekly inflation data due later today eyed for more cues on domestic interest rates. --8.24%, 2018: 97.80 rupees vs 97.50 Wed; 97.75 rupees at open . RUPEE Stays weak as banks buy dollars anticipating demand from FIIs noting fall in local shares. Importers' dlr buys adds to fall. But, dlr sales from exporters limits sharp fall in rupee. Premiums up as banks buy forward dollars. --Spot rupee: 46.2300 per $1 vs 45.9700 Wed; 46.0800 at open --1-yr fwd premium: 1.41% vs 1.28% Wed; 1.41% at open . ------------------------------------------------------------------------------ MARKET AT 10:30AM . STOCKS Down nearly 1% amid choppy trade on September futures expiry. Suzlon Energy falls nearly 4% as co to mull rights share issue Sat. ITC, Hero Honda up 1-2%, top Nifty gainers. --Sensex: 13614.39, down 78.13 points or 0.57% vs Wed; 13716.88 at open --Nifty: 4126.55, down 34.70 points or 0.83% vs Wed; 4162.15 at open . CALL Eases more despite scarce supply because of weak demand. Banks may borrow 500-600 bln rupees via RBI repo tender. CBLOs were dealt at a weighted average rate of 8.96% vs 8.99% Wed. --1-day call: 9.75-10.00% vs 10.00-10.15% Wed; 10.00-10.15% at open . GILTS Up on value buying. Marginal fall in global oil prices also aids buying. But gains may be capped as weekly inflation data due later today eyed for more cues on domestic interest rates. --8.24%, 2018: 97.80 rupees vs 97.50 Wed; 97.75 rupees at open . RUPEE Stays weak as banks buy dollars anticipating outflows from foreign funds as local share markets down. Dollar's rise against most Asian currencies also prompt banks to buy dollars. Premiums up as banks buy forward dollars. --Spot rupee: 46.2300 per $1 vs 45.9700 Wed; 46.0800 at open --1-yr fwd premium: 1.37% vs 1.28% Wed; 1.41% at open . ------------------------------------------------------------------------------ MARKET AT OPENING BELL . CALL Flat around 10% as demand stays subdued amid tight supply. Banks may borrow 500-600 bln rupees via RBI first repo tender. CBLOs were dealt at a weighted average rate of 8.98% vs 8.99% Wed. --1-day call: 10.00-10.15% vs 10.00-10.15% Wed; 10.00-10.15% at open. . GILTS Open up on value buying. Marginal fall in global oil prices also aids buying. But gains may be capped as weekly inflation data due later today eyed for more cues on domestic interest rates. --8.24%, 2018: 97.90 rupees vs 97.50 Wed; 97.75 rupees at open. . RUPEE Down as banks buy dollars anticipating outflows from foreign funds as local shares are seen weak. Dollar's rise against most Asian currencies also prompt banks to buy dollars. --Spot rupee: 46.1900 per $1 vs 45.9700 Wed; 46.0800 at open . STOCKS Seen opening flat to slightly down on weak overseas cues. Trade volatile on expiry of September futures contract today. Suzlon Energy likely down as co to mull 18-bln-rupee rights issue on Saturday. --Sensex may open at 13670 at 10AM; Vs 13692.52 Wed end --Nifty may open at 4150 at 10AM; VS 4161.25 Wed end . End --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
