Markets 4 U

Equity Market Update for - January 28, 2009

Equity Markets For The Day The Sensex ended the day with a gain of 253.39 points, or 2.81% at 9,257.47. The broad-based NSE Nifty climbed 78.15 points, or 2.82% at 2,849.50. Top Gainer were Ranbaxy(8.31%),ICICI Bank(7.78%),DLF(6.45%),L&T(5.12%),Tata Motors(4.92%). Major losers were Maruti(3.15%),Rel Comm(3.15%),Sterlite(0.63%),Grasim(0.05%). Overall market breadth was positive. Out of the total 2,530 stocks traded at BSE, 1,403 advanced, 1,025 declined while 102 remained unchanged The     INDEX CLOSE POINTS %CHANGE NIFTY   2,849.50 +78.15 2.82% SENSEX 9,257.47   +253.4  2.81%

TOP 3 GAINERS (source: bseindia.com) GAINERS LAST PRICE % GAIN RANBAXY 215.00 8.31 ICICI BANK 411.00 7.78 DLF 177.40 6.45 TOP 3 LOSERS LOSERS LAST PRICE % LOSS MARUTI 520.50 3.15 REL COMM 166.20 3.15 STERLITE 266.10 0.63

Debt Market Update for January 28, 2009

MIBOR 4.21%   FOREX $ Rupee 48.92/48.93 1 year fwd 1.94%-1.98% WPI INFLATION  5.6% Money market rates   CD 30 days 7.5-9.0% 90 days 8.0-9.0% 1 year 8.5-9.5%   G SEC YIELD 30 year (6.83% GOI 2039) 7.07% 9 year (8.24% GOI 2018) 6.04% US 10 YR. yield 2.51%     NEXT AUCTION AS PER CALENDAR Jan 30-GOI-5 yr-Rs.3000 cr; 30 yr -Rs.3000 cr; 10 yr -4000 cr Last Auction Jan 16-GOI-5 yr-Rs. 4000 cr; 9 yr -Rs. 3000 cr, 30yr - Rs. 3000 cr TREASURY BILL AUCTION TENOR SIZE DATE CUT OFF PREVIOUS CUT OFF 91 day 8000 cr 28-Jan 4.79% 21-Jan 4.67% 182 day 1500 cr 21-Jan 4.55% 07-Jan 4.64% 364 day 1000 cr 28-Jan 4.59% 14-Jan 4.51% YIELD COMPARISON SECURITY TODAY 1 D Ago 1 Wk Ago  1 Mt Ago    28-Jan 27-Jan 21-Jan 26-Dec 8.24% GOI 2018 6.04% 5.97% 5.89% 5.61% 7.99% GOI 2017 6.45% 6.41% 6.42% 6.14% 6.83% GOI 2039 7.07% 7.11% - - CORPORATE  BOND MARKET Market Behavior and sentiment for the day: Corporate bond market was lack-luster. AAA BENCHMARKS / SPREADS 1Y 8.40 397 2Y 8.35 314 3Y 8.60 333 4Y 8.78 292 5Y 8.80 286 6Y 8.99 272 7Y 9.18 381 10Y 8.88 284

G-sec market comments: G-sec markets were weak on G-sec auction announcement, higher T-bill auction cut-off and no change in the benchmark rates in RBI's policy meeting. The benchmark G-Sec bonds (8.24% GOI 2018) yields closed at 6.04% as against the previous close of 5.97%. Liquidity was comfortable, with over night money market rates in 3.5%-4.5% range. The net RBI's LAF balance was positive at around Rs.63,250 cr. This week, the markets is expected to take cues from G-sec auction cut-off, domestic liquidity position and inflation numbers and global economic data-points.

Contact Us / Sign up a friend : Sources: NSE MIBOR, Top Gainers and Losers :- nse india.com.  Dollar/ Rupee Rate, Forward Premia, Repo amounts, Sensex / Nifty details, Tbill auction details, Auction details :- Reuters.  Gsec Benchmark and U.S. yields, Corporate yields :- Reuters, Bloomberg & RMF Team.  CP benchmark :- Bloomberg and RMF Fund Managers. FII flows :- sebi.gov.in Disclaimer and Unsubscription : You are receiving this emailer because you are an investor of Reliance Mutual Fund, or you have subscribed to our other daily emailers. Your privacy is very important to us. Click here to Unsubscribe. Since India has no anti-spamming law, we follow the US directive passed in Bill.1618 Title III by the 105th US Congress, which states that mail cannot be considered spam if it contains contact information, and a remove mechanism (which this email does) . Copyright © 2002. All Rights Reserved to Reliance Mutual Fund. The views expressed in this newsletter are those of Reliance Mutual Fund (RMF) and not that of the stock market or  the financial markets. RMF makes no representation as to the quality, liquidity or market perception on the securities/issuer/borrower, nor does it provide any guarantee whatsoever. The risk arising out of the purchase/participation in any issue will rest fully with you without any form of recourse to Reliance Mutual Fund.