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vNeon Capital Advisors Pvt. Ltd. Market Round UAsatAugust29,2011

122C,12thFloor,MittalTower,'C'Wing,NarimanPoint,Mumbai 400021Phone:66503000Fax:+91226553010

Indian Debt Market

RBI set the cut-off price for the security 7.83% GS2018atRs.97.41(8.34%),7.80%GS2021atRs.96.70(8.30%)and8.28%GS2027atRs.97.36(8.58%).The

threesecuritieswerefullysubscribed. TrackingtheReportingFriday,theCBLOratesoftened

to end at 7.57% compared to its previous level of7.99%. The Call rate endedat anaverage of8.03%comparedto8.02%previously.TheRBIinfusedfundsworthRs.53,090CrintothesystemviatheLAFRepowindowandabsorbedfundsworthRs.3,875CrviatheReverseRepowindow

The INR moved southwards to end the trade day at

Rs.46.15 per dollar as compared to Rs.46.04 thepreviousday.

The G-Sec market traded weak through the daytrackingcommentsfromaFinanceMinistryofficialwhomentionedthatsomeamountofsecondhalfborrowingwouldbecalled forward in the firsthalf of the fiscal.This led to fears of additional borrowing beingannounced. The auction supply also dampenedsentiment. The players adopted a cautious stanceaheadofFedChairmanBernanke'sspeechatJacksonHole.Thebenchmarksecurity7.80%GS2021closedat Rs.96.70 (8.30%) compared to Rs.97.07 (8.24%)seen previously. The total volume reported on NDS-OMwastothetuneofRs.10,915Cr.

RBIannouncedthesaleof91DayT-BillforanotifiedamountofRs.7,000Crand182DayT-BillforRs.3,000CrviamultiplepriceauctionstobeconductedonAug30,2011(Tuesday).

G Sec MarketBenchmark Securities 26 Aug 11Security Closing Previous Closing Previous Price Close Yield Yield91DayT-bill 97.79 97.97 8.31 8.31

364DayT-bill 92.39 92.40 8.26 8.25

7.17%2015 96.60 96.75 8.23 8.18

8.07%2017 99.11 99.24 8.27 8.24

7.83%2018 97.47 97.79 8.33 8.27

7.80%2021 96.70 97.07 8.30 8.24

8.08%2022 97.81 98.10 8.39 8.35

8.13%2022 98.12 98.44 8.39 8.35

8.28%2027 97.47 97.98 8.57 8.51

8.30%2040 96.88 97.09 8.59 8.57

Key Domestic Ratesin % Current PreviousBankRate 6 6

CRR 6 6

SLR 24 24

RBIRepoRate 8 8

RBIReverseRepoRate 7 7

MSFRate 9 9

BaseRate 9.50-10.75 9.50-10.75

SavingBankRate 4 4

DepositRate 8.50-9.25 8.50-9.25

Source:RBIBenchmark RatesBanks BPLR (%) Base Rate(%) w. e. StateBankofIndia 14.75 10.00 13-August-1

PunjabNationalBank 14.25 10.75 1-August-1

BankofIndia 15.00 10.75 28-July-1

AllahabadBank 15.00 10.75 1-August-1

UcoBank 15.00 10.75 1-August-1

VijayaBank 15.00 10.65 1-August-1

CentralBank 14.25 10.75 1-August-1

BankofBaroda 15.00 10.75 1-August-1

ICICIBank 18.75 10.00 13-August-1

HDFCBank 18.00 9.50 12-July-1

AxisBank 17.50 10.00 5-July-1

Government Forthcoming AuctionsG Secs Period of Auction Term Amt (in Cr)29August2Sept 5-9year 4,000-5,000

29August2Sept 10-14year 5,000-6,00029August2Sept 15-19year 2000-3000

Total 11000T Bills Date of Auction 91 Days 182 Days 364 Day30thAugust11 7000Cr 3000

Source:RBI


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Corporate Bond Spreads (Bps)Tenor AAA AA+ AA

25- Aug- 11 24- Aug- 11 25- Aug- 11 24- Aug- 11 25- Aug- 11 24- Aug- 11Yr 118 118 133 133 158 15

3Yr 110 108 132 135 157 16

5Yr 106 105 133 132 158 15

10Yr 106 109 134 137 159 16

Source: FIMMDA

Money Market Ratesin % Current Previous Change VolumeCBLO 7.93 7.98 0.01 21391.45

Repo 7.57 7.98 0.14 23200.17

Call 7.99 7.97 -0.07 13721.27

Source:CCIL

LAF Volumes (in Cr) Today PreviousRepo 53090 43110

ReverseRepo 3875 1440

Source:RBI

NSE MIBORin % Current Previous ChangeOVERNIGHT 8.07 8.02 0.05

Source: NSE

LIBOR Rates %Currency 3 Months 6 Months 1 YearUSD 0.3190 0.4803 0.7979

Source: BloombergFII Inflows Purchase Sale Net

26Aug2011Equity 3129.80 4623.80 (1494.00)

Debt 675.70 1179.30 (503.70)

CumulativefortheMonth-Aug

Equity 44535.40 55757.80 (11222.40)

Debt 17935.30 16497.30 1438.00

Source: SEBI

Currency IndicatorForex Rates Current PreviouINR/1USD 46.005 46.1

INR/1Euro 66.37 66.5

INR/100Jap.YEN 59.82 59.8

INR/1GBP 75.05 75.5

Source:RBI&Reuters

Global Commodities Current PreviouGold

*(USD/Ounce) 1797.30 1763.2

GoldSpot**(INR/10Gm) 27684 2559

Silver*(USD/Ounce) 41.001 40.7

SilverSpot**(INR/1Kg) 63586 5929

Copper*(USD/lb) 411.75 408.2

BrentCrude*(USD/bbl) 111.36 110.6

Source:Bloomberg&MCX*Dataasof10:00amIST**Dataasof1:32pmIST

Domestic & Global IndicesIndex Current PreviouBSESensex 15848 .83 16146.3

Nifty 4447.80 4839.6

DJIA 11149 .82 11320.7

NASDAQ 2419.63 2467.6HangSeng 19582 .88 19752.4

Nikkei 8797.78 8772.3

Source:Reuters&BloombergPleasemailyourfeedbackat:[email protected]


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