Sunday, 7 December 2014

MARKET UPDATE


RBI COUNTER
* DAILY LAF TENDERS: One set of 1-day reverse repo (at 7.00%) and 1-day repo (at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and reverse repo between 1900 IST and 1930 IST.
MARKETS
Call: Seen opening tad over the repo rate as banks may borrow for indirect tax outflow. May ease intraday. 1-day Call: 7.95-8.15% vs 8.25% 2-day Sat.
Bonds : To take cues from US jobs data on Mon. Hope of fall in Nov CPI may support prices. 10-yr bond yld: 7.90-7.95% vs 7.93% Fri.
Rupee : To take cues from US non-farm payrolls report Mon. Local shares to lend cues. Range: 61.70-62.20/$1 vs 61.77 Fri.
Stocks: Seen opening flat to marginally up. To remain rangebound. Nifty range: 8480-8580, Friday-end: 8538.30, down 26.10 points.

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