MORNING MARKET UPDATE
Quote Of The Day: "Change the way you look at things and the things you look at change" -
CURRENCY UPDATE
30 Sep 2015 11:31
Rates (Ask)
USD/INR
EUR/USD
GBP/USD
EUR/INR
GBP/INR
AUD/USD
USD/JPY
USD/CHF
USD/CAD
65.7350
1.1232
1.5164
73.8520
99.6880
0.7013
119.97
0.9738
1.3410
USDINR Forwards (Ask)
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
31.00
67.50
103.00
136.00
171.00
205.50
242.50
278.00
311.00
343.50
380.00
413.50
USD
0.1930
0.2590
0.3255
0.5346
0.8524
EURO
-0.1193
-0.0729
-0.0407
0.0199
0.1264
Market Commentary
RUPEE - The Indian rupee is trading around 65.76 dollar, versus its previous close of 65.96, Expected range for the day is 65.60 to 65.93 level.
MAJOR CURRENCIES - Demand for the safe-haven yen eased early on Wednesday as global stocks steadied from a rout and some semblance of calm
returned to markets, but traders said month-end and quarter-end flows meant that volatility is likely to remain a feature. The dollar fetched 119.86 yen, having
turned around from a low of 119.24. The euro stood at 134.82 yen, off Tuesday's trough of 134.24. Against the greenback, the euro bought $1.1245 , off a high
of $1.1282. As a result, the dollar index has drifted up to 95.886, from a low of 95.708.
OTHERS - The Australian and New Zealand dollars stood on a firmer footing on Wednesday underpinned by a bounce in stocks, but markets were cautious
ahead of key economic data out of China. The Australian dollar edged up to $0.7013, from a trough of $0.6934 hit on Tuesday.
Technical Strategy
EUR/USD - EUR/USD is currently trading at 1.1238. The pair is currently trading below the resistance level of 1.1265. On the downside, if the pair sustain
below the resistance level of 1.1265, then it may reach up to 1.1183 level. The RSI is suggesting downward movement for the pair. For the day, the pair isc
expected to take support at 1.1183 and the resistance at 1.1281 level.
USD/INR - USD/INR is currently trading at 65.76. The pair is currently trading below the resistance level of 65.93. The current level is crucial for the pair. On
the downside, if the pair sustain below the resistance level of 65.93 then it may reach up to 65.44 level. The RSI is suggesting downward movement for the pair.
For the day the pair may face resistance at 65.93 and take support at 65.60 level.
LIBOR
1M
2M
3M
6M
1Y
Wayne Dyer
JPY
0.0466
0.0716
0.0771
0.1251
0.2419
USD IRS (Ask)
1Y
2Y
5Y
10Y
0.5040
0.7650
1.4190
2.0230
MIFOR (Mid) / OIS (Mid)
1Y
2Y
5Y
10Y
MIFOR
7.10
6.725
6.765
6.74
OIS
7.02
6.77
6.76
6.76
Source: Thomson Reuters, IDBI Bank Ltd.
Source: Thomson Reuters, IDBI Bank Ltd.
INTERNATIONAL MARKETS
Equities, Commodities and Bonds
Equity Markets
(% Change)
SENSEX
Nifty
Dow Jones
Nasdaq
FTSE
CAC
Nikkei
Hang Seng
Straits Times
25965.37
7889.10
16049.13
4517.32
5909.24
4343.73
17382.16
20866.32
0.72
0.58
0.30
-0.59
-0.84
-0.31
2.67
1.51
Crude/Bullion
(In $)
Crude Oil(WTI)
Gold
Silver
44.72
1127.25
14.68
FII/MF Cash
(In cr `)
-365.81
5,171.60
58,580.94
4,03,165.00
FII Cash Flow
MF Cash Flow
FII CY 2015
MF CY 2015
Money Rates
CALL Rate
O/N Mibor
LAF (cr `)
91 - T Bill
1y G Sec
5y G Sec
10y G sec
6.95
7.04
-1170.00
7.05
7.245
7.723
7.5317
7.617
7.846
7.611
US Treasury
3Y
5Y
7Y
10Y
STOCKS(Asia) Indian stock markets were in the green At 11:04 a.m. the SENSEX rose by 0.71 percent at 25,960.86 and the NIFTY rose by 0.57 percent at 7,887.85.
Japan's Nikkei share average rebounded on Wednesday after tumbling in the previous day, with strength in exporters and financials offsetting weak industrial
production and a sharp drop in Japan Tobacco. Japan Benchmark Nikkei share average was rose 2.00 percent to 17,268.80 points. Stocks in China and Hong
Kong rebounded on Wednesday morning, as auto shares surged on government support measures, fanning hopes that Beijing will unveil further steps to prop
up other struggling sectors In Hong Kong, the Hang Seng index added 1.4 percent, to 20,848.44 points, while the Hong Kong China Enterprises Index gained
2.5 percent, to 9,457.90.
OIL Crude oil futures fell in Asian trade on Wednesday after U.S. inventories showed a weekly buildup that far exceeded analyst expectations. Brent crude, the
global oil benchmark, fell 42 cents to $47.81 a barrel. On Tuesday, the contract rose 89 cents, or 1.9 percent, to $48.23. Front-month U.S. crude had dropped
51 cents, or more than 1 percent, to $44.72 a barrel
GOLD Gold steadied after a three-day losing streak but was headed for its worst quarter in a year on a looming U.S. rate hike. Spot gold was little changed at
$1,126.60. It was headed for its worst quarter in a year, with a drop of nearly 4 percent.
BONDS (U.S.) U.S. Treasuries prices rose on Tuesday, with benchmark yields touching their lowest levels in a month, as global equity prices fell to a two-year low on
concerns about weak worldwide growth. U.S. Benchmark 10 year treasuries were up 10/32 in price to yield 2.057 percent, the lowest since August 26.
Indian Money Market
INBMK
4Y
7Y
10Y
STOCKS(US & Europe) U.S. stocks ended higher after a volatile session on Tuesday as concerns about the health of the global economy kept investors cautious after more than a
month of turbulence. The Dow Jones industrial average rose 0.3 percent to end with 16,049.13 points and the S&P 500 gained 0.12 percent to 1,884.09. The
Nasdaq Composite dropped 0.59 percent to 4,517.32. Britain's leading share index fell on Tuesday, with a rebound for the mining sector failing to offset the
impact of a cut in revenue growth prospects from plumbing supplies group Wolseley and the ripple effect from a U.S. healthcare sell-off. The FTSE 100
decreased 49.62 or 0.84 percent, to end at 5,909.24. The French benchmark index CAC 40 decreased 13.32 points or 0.31 percent to settle at 4,343.73.
Germany's benchmark index decreased 33.15 points or 0.35 percent to settle at 9,450.40.
0.9409
1.401
1.781
2.0755
CALL - The inter-bank call money rate at 6.95/7.00 percent, against its Tuesdays close of 6.25/6.30 percent.
BONDS - India's benchmark 10-year bond yield was down 5 basis point at 7.56 percent against previous day close, as banks stepped up purchases to boost
investment valuations on the last day of the first half of this financial year.
IRS - The benchmark one-year OIS rate fell 1 basis point at 7.03 percent while the benchmark five-year OIS rate was down by 2 basis point at 6.80 percent.
ECONOMIC INDICATORS
Economic data/Indicators
JPY Industrial Production (YoY) (AUG P)
JPY Industrial Production (MoM) (AUG P)
USD Consumer Confidence (SEP)
EUR German Consumer Price Index - EU Harmonised (YoY) (SEP P)
EUR German Consumer Price Index - EU Harmonised (MoM) (SEP P)
ACTUAL
EXPECTED
PREVIOUS
0.20%
-0.50%
103.00
-0.20%
-0.30%
1.80%
1.00%
97.00
0.00%
-0.10%
0.00%
-0.80%
101.30
0.10%
0.00%
Japan's industrial output unexpectedly fell 0.5 percent in August, down for the second straight month, government data showed on Wednesday,
underscoring concerns about tepid factory activity. The month-on-month fall compared with economists' median forecast for a 1.0 percent increase in a
poll. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to rise 0.1 percent in September and grow 4.4 percent in
October, data showed.
U.S. consumer confidence rose and was higher than expected in September, according to a private sector report released on Tuesday. The Conference
Board, an industry group, said its index of consumer attitudes rose to 103.0, the highest since January, from a downwardly revised 101.3 the month before.
Economists had expected a reading of 96.1, according to a poll. The August reading was revised to 101.3 from 101.5. Consumers expectations for inflation
in the coming 12 months rose to 5.2 percent from 4.9 percent in August.
Upcoming Economic Data/Events
ACTUAL
EUR German Unemployment Change (SEP)
EUR German Unemployment Rate s.a. (SEP)
EUR Euro-Zone Consumer Price Index Estimate (YoY) (SEP)
CNY Manufacturing PMI (SEP)
USD ADP Employment Change (SEP)
EXPECTED
PREVIOUS
-5K
6.40%
0.00%
49.70
190K
-7K
6.40%
0.10%
49.70
190K
Currency Futures & Options
Sachin Bhaskar Satam
Instrument*
Futures
Options
Futures
Futures
Futures
Total
Underlying
USDINR
USDINR
GBPINR
EURINR
JPYINR
Volume
21,64,665
11,58,650
49,458
82,575
24,143
34,79,491
Value (in cr)
14,404.18
7,749.29
499.07
617.83
134.18
23,404.55
OI
-
39
No. of trades
14,31,246
14,62,262
34,969
52,444
10,579
29,91,500
Volume
20,42,503
79,627
47,339
23,955
Value (in cr)
13,585.46
595.65
477.61
133.13
OI
9,70,900
46,237
32,666
9,941
No. of trades
75,829
12,078
8,484
4,918
39
-
[email protected]
91-22-66263524
Manoj Kumar Sahoo
[email protected]
91-22-66263901
Contract*
USDINR 281015
EURINR 281015
GBPINR 281015
JPYINR 281015
LTP
66.2925
74.4200
100.52
55.29
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