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Monthly market round up – October’09

Equity – Sensex

BSE SENSITIVE_Daily_1 Month

Equity markets started with a slight bearish note but in the middle of the month huge selling and concerns of increasing interest rates drove the markets below 16,000 levels to close at 15,896, 7.18% down from the September close.

Exchange rate

FOREX USDINR_Daily_1 Month

Rupee continued its strengthening journey during initial part of the month reaching 46/USD but later with massive selling in equity markets and drawing down of funds, the same weakened and closed the month at 46.9/USD.

10 year Benchmark yields

CCIL 06.90 GS 2019Y NDSOM CG 13JUL2019 CONT RGLR T+1_Daily_1 Month

G-Sec yields rose for this month as well touching a high of 7.47% but with SLR increase of 1%, buying surfaced in the bonds driving down yields to 7.3% at month end.

Crude Oil

NYMEX CRUDEOIL CL Z09 ETH_Daily_1 Month

Crude oil started the month on a bullish note. December future rose from $70.61 as on September end to touch the monthly high of $81.37 on Oct 21. The future closed at $76.99 on Oct 30 showing a rise of 9% during the month mainly on account of recovering prospects of US economy.

Gold Prices

COMEX GOLD GC Z09 ETH_Daily_1 Month

Gold prices remained above the 1000 dollar mark all through the month. Gold prices increased at a stretch at the beginning of the month but thereafter corrected to close at $1040.40, up 3.2% from September.

Author: Praveen Bajaj, B.Com(H), MBA (SCMHRD)

Related posts:

  1. Indian Economy – Review and Analysis, September 2009
  2. Indian Economy – Review and Analysis, November 2009
  3. Indian Economy – Review and Analysis, January 2010