EUpdates Sep14—Indian & Global Economic Indicators

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E-UpDates September 2014 Surge Research Support

2

Contents Page

1. Important Rates to Remember ………… 3

2. Indian Economy — Growth Indicators ………… 4

3. Indian Economy — Price Indicators ………… 6

4. Indian Economy — Banking Indicators ………… 7

5. Indian Economy — Exchange Rates ………… 9

6. Indian Economy — Interest Rates ………… 11

7. Indian Economy — Stock Markets ………… 14

8. Indian Economy — Capital Flows ………… 17

9. Indian Economy — Commodity Markets ………… 20

10. Global Economy — Economic Indicators ………… 22

11. Global Economy — Stock Indices ………… 23

12. Global Economy — Commodity Indices ………… 24

Special Feature—Highlights of the

Union Budget 2014-15 25

www.ecofin-surge.co.in

Table of Contents


3

2014-15* 5.70% Jun-14 3.40%

2013-14* 4.70% Jun-13 -1.80%*Q1 (April-June) Base : 2004-05=100.

As on 28-Aug-14 30-Aug-13 As on 28-Aug-14 30-Aug-13

Repo rate 8.00% 7.25% CRR 4.00% 4.00%

Reverse repo 7.00% 6.25% Base Rate 10.00-10.25% 9.70-10.25%

MSF rate 9.00% 10.25% CMR 6.00-8.85% 7.25-10.40%

Inflation CPI-C CFPI-C WPI

Jul-14 7.96% 9.36% 5.19% Aug-14 100.1

Jul-13 9.64% 11.22% 5.85% Aug-13 108.1

US$ per barrel

August

52.4 28-Aug-14 60.47

50.6 30-Aug-13 66.57

RBI Reference rate

For global rates visit: http://www.ecofin-surge.co.in/publications.html

For explanations visit: http://www.ecofin-surge.co.in/terminology.html

HSBC Markit Services PMI

GDP IIP

Oil Price (World Average)

$/Rupee RatePurchasing Managers Index

HSBC Markit Mnfg. PMI


4

GDP Growth Rates Q1 Q2 Q3 Q4 FY

2014-15 5.7

2013-14 4.7 5.2 4.6 4.6 4.7 (PE)

1 Agriculture, Forestry & Fishing

1,92,115 3.8 2,14,165 6.3

2 Mining & Quarrying

26,016 2.1 29,790 -0.4

3 Manufacturing 2,13,470 3.5 2,28,835 -1.4

4 Electricity, Gas & Water Supply29,763 10.2 27,560 7.2

5 Construction1,07,779 4.8 1,14,652 0.7

6 Trade, Hotels, Transport &

Communication3,64,809 2.8 4,14,683 3.9

7 Financing, Insurance, Real Estate &

Business Services 3,18,614 10.4 3,06,489 12.4

8 Community, Social & Personal

Services 1,85,922 9.1 2,02,205 3.3

9 GDP at factor cost

(1 to 8)

10 Government final consumption

expenditure1,87,377 12.4 1,77,432 10.3

11 Private final consumption

expenditure9,34,995 61.7 9,78,452 57.0

12 Gross fixed capital formation4,95,725 32.7 5,35,622 31.2

13 Changes in stocks 26,718 1.8 28,907 1.7

14 Valuables 14,993 1.0 34,421 2.0

15 Exports3,92,044 25.9 4,25,446 24.8

16 Less Imports 4,90,435 32.4 4,90,925 28.6

17 Discrepancies -45,391 -3.0 27,263 1.6

18 GDP at market price

(10 to 17) (9+19) 15,16,025 100.0 17,16,618 100.0

15,38,380 4.6 14,38,488 5.7

Growth Indicators

GDP

[at Constant(2004-05) prices]

2013-14

(Q4)

Rs.Crore YoY Growth/

Share in GDP

(%)

Rs.Crore 2014-15

(Q1)

YoY Growth/

Share in GDP

(%)


5

18 GDP at market price61,95,842 5.0 58,99,847 4.7

19 Net Indirect Taxes

(Less Subsidies)

454051

(229993)

8.7

(-7.1)

417736

(247444)

8.4

(13.5)

9 GDP at factor cost (18-19)57,41,791 4.7 54,82,111 4.5

20 Net factor income from abroad -67,934 -65,452

21 Gross National Income at factor

cost 56,73,857 4.7 54,16,659 4.1

(9 + 20)

22 Net national product/National

Income at factor cost (Less

Depreciation) 49,20,183 4.0 47,28,776 3.4

23 Population (in million)1233 1217

24 Per capita income (Rs.) (22/23) 39904 2.7 38856 2.1

Estimates are based on the New series of IIP. PE : Provisional Estimates; RE : Revised Estimates.

Index of Industrial Production Jun-14 Jun-13 Jun-14 FY2014-15* FY2013-14*

General Index 170.5 164.9 3.4 3.9 -1.0

1. Mining 121.5 116.5 4.3 3.2 -4.6

2. Manufacturing 178.2 175.0 1.8 3.1 -1.1

3. Electricity 181.6 157.0 15.7 11.3 3.5

*April-June.

GDP

[at Constant(2004-05) prices]

YoY Growth

(%)

2012-13

(1st RE )

Rs.CroreRs.Crore

Change (YoY, %)Index 2004-05 =100

YoY Growth

(%)

2013-14

(PE )

125.3

124.5

123.6

183.1

181.9

180.3

155.2

164.7 181.2

172.0 172.0 172.3

100

110

120

130

140

150

160

170

180

190

200

2012-13 2013-14 2014-15

IIP-Annual Averages (Base : 2004-05=100)Mining & Quarrying (141.75)

Manufacturing (755.27)

Electricity (103.16)

General Index (1000.0)


6

Wholesale Price Index

(Base: 2004-05=100)

(Inflation %)

All

Commodities

Primary

ArticlesFood Articles

Non-food

Articles

Crude

PetroleumManufactured

Products

May – 2014 181.7 (6.01) 246.8 244.3 218.8 352.2 154.6

June – 2014 182.6 (5.43) 249.9 249.7 216.4 348.8 154.9

July – 2014 184.6 (5.19) 256.6 258.6 218.1 348.8 155.4

Build up of inflation in the financial year so far is 2.38% compared to a build up of 3.17% in the corresponding period of the previous year.

Consumer Price Index

(Inflation %)

All India

General Index

(All Groups

combined)

Base

2010=100

Rural Areas

(All Groups)

Base

2010=100

Urban Areas

(All Groups)

Base

2010=100

Industrial

Workers Base

2001=100

Rural

Labourers

Base 1986-

87=100

Agricultural

Labourers

Base 1986-

87=100

May – 2014 139.9 (8.28) (F) 141.3 (8.86) (F) 138.1 (7.55) (F) 244 (7.02) 780 (8.33) 777 (8.07)

June – 2014 141.2 (7.31) (F) 142.5 (7.72) (F) 139.4 (6.82) (F) 246 (6.49) 787 (7.81) 785 (7.68)

July – 2014 143.7 (7.96) (P) 145.1 (8.45) (P) 141.1 (7.42) (P) 252 (7.23) 801 (8.10) 799 (7.97)

Price Indicators

F: Final; P: Provisional.

18

0.2

18

1.7

18

2.6

18

4.6

17

1.5

171

.6

17

2.7

17

5.4

177

.5

17

9.7

18

0.3

18

1.5

17

9.2

17

8.9

17

8.9

17

9.8

16

3.1

16

3.9

16

4.2

16

4.8

16

6.6

16

8.4

16

8.7

16

8.8

16

8.6

16

9.2

17

0.2

17

0.6

120

130

140

150

160

170

180

190

Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

WPI (Base 2004-05=100) New Series

2014-15 2013-14 2012-13

CPI Inflation – July 2014 Rural Urban Combined

Cereals & Pdcts. 8.15 5.59 7.45

Pulses & Pdcts. 5.90 5.59 5.85

Oils etc 2.53 -3.16 0.70

Egg, Meat & Fish 8.12 6.91 7.68

Milk & Pdcts. 10.54 12.49 11.26

Vegetables 19.65 11.38 16.88

Food & Beverages 9.65 8.27 9.16

Fuel & Light 5.18 3.24 4.47

Clothing etc 9.53 7.21 8.73


7

COMPONENTS & SOURCES OF MONEY STOCK (M3) AND THEIR VARIATIONS (Rs crores)

March 31 July August*

2014 2014 2014

M3 95,06,640 98,43,240 99,03,560 % change during the month 0.38 0.61 % change since March 31 3.54 4.18

(A) Components of M3 ( 1+2+3+4)1 Currency with the public 12,48,290 12,92,870 12,91,730

% change during the month (0.68) (0.09) % change since March 31 3.57 3.48

2 Demand deposits with banks 8,06,280 8,12,810 8,20,210 % change during the month (7.41) 0.91 % change since March 31 0.81 1.73

3 Time deposits with banks 74,50,170 77,26,160 77,81,900 % change during the month 1.33 0.72 % change since March 31 3.70 4.45

4 Other deposits with RBI 1,910 11,400 9,720 % change during the month 665.10 (14.74) % change since March 31 496.86 408.90

(B) Sources of M3 (5+6+7+8-9)5 Net bank credit to govt.(i+ii) 30,50,460 29,84,790 30,16,170

% change during the month (3.44) 1.05 % change since March 31 (2.15) (1.12)

i RBI's credit 7,07,750 5,28,250 5,16,550 % change during the month (20.51) (2.21) % change since March 31 (25.36) (27.02)

ii Other banks' credit 23,42,710 24,56,540 24,99,620 % change during the month 1.23 1.75 % change since March 31 4.86 6.70

6 Bank credit to commercial sector (i+ii) 64,49,700 65,63,480 65,68,840 % change during the month (0.10) 0.08 % change since March 31 1.76 1.85

i RBI's credit 8,840 11,500 11,120 % change during the month 41.80 (3.30) % change since March 31 30.09 25.79

ii Other banks' credit 64,40,860 65,51,980 65,57,730 % change during the month (0.16) 0.09 % change since March 31 1.73 1.81

7 Net foreign exchange assets of the banking

sector18,99,840 20,31,790 20,28,010

% change during the month 2.01 (0.19) % change since March 31 6.95 6.75

8 Government's currency liabilities to the

public17,170 17,700 17,700

% change during the month - - % change since March 31 3.09 3.09

9 NNML of the banking sector (i+ii)19,10,520 17,54,510 17,27,160

% change during the month (5.92) (1.56) % change since March 31 (8.17) (9.60)

i RBI's NNML 8,52,420 8,71,880 8,23,740 % change during the month 0.92 (5.52) % change since March 31 2.28 (3.36)

ii Other bank's NNML(Residual) 10,58,100 9,56,470 10,58,100 % change during the month 2.28 10.63 % change since March 31 (9.60) - Note: (i) Figures in parentheses denote negative numbers; (ii) * Data are of August 22, 2014.

Banking Indicators


8

COMPONENTS & SOURCES OF RESERVE MONEY AND THEIR VARIATIONS (Rs crore)

March 31 June August

2014 2014 2014

Reserve Money : 17,32,510 17,21,540 17,29,530

% change during the month 0.10 0.46

% change since March 31 (0.63) (0.17)

(A) Components of Reserve Money (1+2+3)1 Currency in circulation 13,00,900 13,48,480 13,38,360

% change during the month (0.78) (0.75)

% change since March 31 3.66 2.88

2 Banker's deposits with RBI 4,29,700 3,58,310 3,81,090 % change during the month (0.26) 6.36


3 "Other" deposits with RBI 1,910 14,750 10,090 % change during the month 889.93 (31.59)


(B) Sources of Reserve Money (4+5+6+7-8)4 Net RBI credit to Government 7,07,750 5,28,250 5,35,620

% change during the month (20.51) 1.40


5 RBI credit to Banks & Commercial Sector

57,490 1,37,100 94,890

% change during the month 339.56 (30.79)


5.1 RBI credit to banks(including NABARD) 48,650 1,25,600 82,980 % change during the month 444.19 (33.93)


5.2 RBI credit to Commercial Sector 8,840 11,500 11,910 % change during the month 41.80 3.57


6 Net Foreign Exchange Assets of RBI 18,02,530 19,10,360 19,08,030 % change during the month 2.14 (0.12)


7 Govt's Currency Liabilities to the Public 17,170 17,700 17,700 % change during the month - -


8 Net Non-monetary Liabilities of RBI 8,52,420 8,71,880 8,26,700

% change during the month 0.92 (5.18)

% change since March 31 2.28 (3.02)

Note: (i) Figures in parentheses denote negative numbers.


9

Date Day Spot 1 Month 3 Month 6 Month Spot 1 Month 3 Month 6 Month

1-Aug-14 Fri 61.20 61.68 62.53 63.82 81.99 82.63 83.79 85.24

4-Aug-14 Mon 60.95 61.44 62.28 63.55 81.81 82.47 83.60 85.34

5-Aug-14 Tue 60.84 61.31 62.17 63.50 81.46 82.09 83.24 85.06

6-Aug-14 Wed 61.52 61.98 62.88 64.16 82.07 82.69 83.90 85.64

7-Aug-14 Thu 61.24 61.71 62.59 63.89 81.86 82.50 83.69 85.45

8-Aug-14 Fri 61.16 61.63 62.50 63.81 81.92 82.56 83.74 85.51

11-Aug-14 Mon 61.19 61.69 62.53 63.82 81.95 82.62 83.75 85.51

12-Aug-14 Tue 61.10 61.59 62.44 63.80 81.54 82.20 83.35 85.20

13-Aug-14 Wed 61.23 61.70 62.57 63.88 81.83 82.45 83.62 85.40

14-Aug-14 Thu 60.78 61.27 62.08 63.40 81.29 81.94 83.06 84.84

15-Aug-14 Fri na na

18-Aug-14 Mon na na

19-Aug-14 Tue 60.69 61.17 62.04 63.36 81.03 81.66 82.83 84.63

20-Aug-14 Wed 60.63 61.09 61.98 63.27 80.53 81.14 82.34 84.08

21-Aug-14 Thu 60.69 61.16 62.04 63.30 80.49 81.12 82.26 84.01

22-Aug-14 Fri 60.51 60.97 61.85 63.13 80.31 80.92 82.06 83.83

25-Aug-14 Mon 60.58 61.07 61.88 63.18 79.96 80.61 81.73 83.45

26-Aug-14 Tue 60.48 60.98 61.79 63.07 79.82 80.47 81.56 83.28

27-Aug-14 Wed 60.47 60.99 61.77 63.03 79.71 80.41 81.45 83.15

28-Aug-14 Thu 60.51 61.03 61.84 63.09 79.76 80.45 81.52 83.22

29-Aug-14 Fri na na

Date Day Spot 1 Month 3 Month 6 Month Spot 1 Month 3 Month 6 Month

1-Aug-14 Fri 102.99 103.77 105.17 107.24 59.45 59.92 60.77 62.07

4-Aug-14 Mon 102.62 103.42 104.78 106.83 59.41 59.89 60.73 62.01

5-Aug-14 Tue 102.59 103.36 104.76 106.91 59.24 59.71 60.56 61.90

6-Aug-14 Wed 103.51 104.28 105.75 107.79 60.10 60.57 61.45 62.75

7-Aug-14 Thu 103.12 103.89 105.35 107.41 59.89 60.36 61.24 62.55

8-Aug-14 Fri 102.84 103.61 105.05 107.12 59.98 60.46 61.33 62.66

11-Aug-14 Mon 102.69 103.50 104.87 106.94 59.91 60.42 61.26 62.56

12-Aug-14 Tue 102.49 103.29 104.67 106.87 59.74 60.23 61.08 62.45

13-Aug-14 Wed 102.29 103.04 104.46 106.55 59.78 60.24 61.13 62.43

14-Aug-14 Thu 101.37 102.17 103.74 105.60 59.32 59.81 60.65 61.95

15-Aug-14 Fri na na

18-Aug-14 Mon na na

19-Aug-14 Tue 100.98 101.75 103.05 105.25 59.11 59.60 60.45 61.78

20-Aug-14 Wed 100.96 101.70 103.06 105.18 58.68 59.15 60.04 61.32

21-Aug-14 Thu 100.67 101.43 102.89 104.85 58.45 58.91 59.75 61.04

22-Aug-14 Fri 100.27 101.02 102.18 104.46 58.36 58.83 59.66 60.97

25-Aug-14 Mon 100.54 101.34 102.82 104.71 58.30 58.79 59.63 60.88

26-Aug-14 Tue 100.24 101.04 102.17 104.37 58.22 58.70 59.53 60.77

27-Aug-14 Wed 90.02 90.78 91.70 93.75 58.19 58.70 59.46 60.72

28-Aug-14 Thu 100.37 101.22 102.73 104.50 58.36 58.87 59.65 60.92

29-Aug-14 Fri na na

Exchange Rates

Movement of the Rupee (INR) (Average of Buying & Selling Rates)

Pound Yen

Dollar Euro


10

Date Day 1 Month 3 Month 6 Month 1 Month 3 Month 6 Month

1-Aug-14 Fri 9.83 8.98 8.75 9.78 9.05 8.07

4-Aug-14 Mon 10.09 9.02 8.71 10.04 9.04 8.80

5-Aug-14 Tue 9.78 9.04 8.94 9.69 9.06 9.03

6-Aug-14 Wed 9.35 9.11 8.75 9.45 9.22 8.88

7-Aug-14 Thu 9.72 9.11 8.84 9.72 9.25 8.95

8-Aug-14 Fri 9.73 9.09 8.85 9.79 9.19 8.96

11-Aug-14 Mon 10.26 9.05 8.78 10.26 9.11 8.88

12-Aug-14 Tue 10.06 9.07 9.03 10.08 9.18 9.17

13-Aug-14 Wed 9.50 9.01 8.83 9.48 9.07 8.93

14-Aug-14 Thu 10.22 8.87 8.81 10.11 9.00 8.93

15-Aug-14 Fri na na

18-Aug-14 Mon na na

19-Aug-14 Tue 9.91 9.20 8.98 9.82 9.19 9.10

20-Aug-14 Wed 9.60 9.21 8.90 9.56 9.33 9.02

21-Aug-14 Thu 9.70 9.23 8.79 9.73 9.06 8.94

22-Aug-14 Fri 9.62 9.16 8.85 9.59 9.01 8.97

25-Aug-14 Mon 10.26 8.90 8.77 10.29 9.18 8.92

26-Aug-14 Tue 10.38 8.91 8.73 10.30 9.01 8.87

27-Aug-14 Wed 10.82 8.88 8.65 10.98 8.99 8.82

28-Aug-14 Thu 10.81 9.09 8.69 10.81 9.12 8.85

29-Aug-14 Fri na na

Date Day 1 Month 3 Month 6 Month 1 Month 3 Month 6 Month

1-Aug-14 Fri 9.48 8.72 8.42 10.02 9.22 9.01

4-Aug-14 Mon 9.77 8.69 8.38 10.25 9.19 8.95

5-Aug-14 Tue 9.45 8.75 8.61 10.06 9.22 9.20

6-Aug-14 Wed 9.24 8.94 8.44 9.80 9.33 9.01

7-Aug-14 Thu 9.27 8.91 8.49 9.94 9.36 9.10

8-Aug-14 Fri 9.36 8.86 8.50 10.04 9.35 9.14

11-Aug-14 Mon 9.95 8.77 8.45 10.82 9.32 9.06

12-Aug-14 Tue 9.78 8.78 8.72 10.30 9.28 9.28

13-Aug-14 Wed 9.16 8.74 8.49 9.74 9.34 9.06

14-Aug-14 Thu 9.89 9.68 8.51 10.38 9.28 9.06

15-Aug-14 Fri na na

18-Aug-14 Mon na na

19-Aug-14 Tue 9.61 8.46 8.65 10.30 9.34 9.22

20-Aug-14 Wed 9.22 8.58 8.55 10.05 9.64 9.20

21-Aug-14 Thu 9.38 9.10 8.48 9.86 9.24 9.06

22-Aug-14 Fri 9.35 7.84 8.52 9.99 9.21 9.13

25-Aug-14 Mon 10.04 9.41 8.47 10.57 9.44 9.05

26-Aug-14 Tue 10.07 7.93 8.42 10.47 9.35 8.97

27-Aug-14 Wed 10.62 7.65 8.46 11.15 9.06 8.90

28-Aug-14 Thu 10.65 9.72 8.40 11.12 9.18 8.97

29-Aug-14 Fri na na

Dollar Euro

Annualised Forward Premia

Pound Yen


11

RBI

LAF

Net Injection(+)/

Absorption(-) of Liquidity

(Rs. billion)*

Repo Rates

(Repo/Reverse

Repo)

Over-

night

Rates

(%)

Call

Money** CBLO** Mibor USD Libor

01-Aug-14 58.1 8.00/7.00% 7.08 7.93 8.00 0.090

02-Aug-14 5.91 4.00

04-Aug-14 -248.3 7.75 7.48 8.15 0.091

05-Aug-14 -69.8 7.67 7.49 7.86 0.090

06-Aug-14 172.0 8.33 8.13 8.15 0.090

07-Aug-14 188.5 7.99 8.18 8.34 0.090

08-Aug-14 858.0 7.68 8.19 8.35 0.090

09-Aug-14 6.52 8.39

11-Aug-14 323.2 8.58 8.43 8.81 0.090

12-Aug-14 264.0 8.34 8.36 8.43 0.090

13-Aug-14 239.6 7.77 8.09 8.22 0.090

14-Aug-14 134.4 6.54 7.33 7.60 0.091

16-Aug-14 7.23 9.00

19-Aug-14 100.0 7.96 7.95 8.32 0.091

20-Aug-14 105.6 7.86 8.05 8.25 0.092

21-Aug-14 20.9 7.72 7.74 8.20 0.091

22-Aug-14 719.8 7.47 7.85 8.09 0.092

25-Aug-14 142.3 8.15 8.01 8.15 0.092

26-Aug-14 35.2 7.86 7.88 8.18 0.092

27-Aug-14 -17.2 7.71 7.93 8.02 0.092

28-Aug-14 61.9 8.00/7.00% 8.00 8.20

*Includes liquidity provided under MSF at 9.00% and Term repos; **Weighted average rates.

Money Market Rates & Liquidity

Interest Rates

0.088

0.090

0.092

0.094

5.80

6.20

6.60

7.00

7.40

7.80

8.20

8.60

9.00

1-A

ug-1

4

3-A

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4

5-A

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7-A

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4

9-A

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4

11-A

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4

13-A

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15-A

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17-A

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19-A

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21-A

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23-A

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Call Money Mibor USD Libor


12

Date 3 months 6 months 1 year 2 Year 3 Year 4 Year 5 Year 7 Year 10 Year

>10 Year &

<=15 Year

>15 Year &

<= 20 Year >20 Year1-Aug-14 8.57 8.66 8.40 8.47 8.51 8.74 8.74 8.75

4-Aug-14 8.56 8.65 8.41 8.39 8.51 8.76 8.51 8.76 8.75

5-Aug-14 8.57 8.48 8.42 8.55 8.55 8.83 8.83 8.79

6-Aug-14 8.61 8.66 8.60 8.67 8.62 8.87 8.89 8.87

7-Aug-14 8.60 8.66 8.71 8.53 8.74 8.63 8.89 8.90 8.88

8-Aug-14 8.60 8.69 8.67 8.51 8.75 8.66 8.91 8.90 8.87

11-Aug-14 8.59 8.66 8.71 8.68 8.73 8.87 8.89 8.87

12-Aug-14 8.63 8.68 8.44 8.71 8.59 8.87 8.89 8.86

13-Aug-14 8.62 8.65 8.69 8.48 8.69 8.57 8.88 8.87 8.85

14-Aug-14 8.61 8.67 8.69 8.64 8.75 8.55 8.85 8.84 8.81

19-Aug-14 8.62 8.51 8.61 8.53 8.80 8.82 8.79

20-Aug-14 8.62 8.65 8.63 8.49 8.59 8.51 8.77 8.76 8.76

21-Aug-14 8.61 8.66 8.61 8.27 8.46 8.57 8.50 8.76 8.75 8.74

22-Aug-14 8.59 8.66 8.64 8.46 8.57 8.51 8.78 8.76 8.74

25-Aug-14 8.59 8.65 8.46 8.61 8.54 8.80 8.78 8.76

26-Aug-14 8.58 8.57 8.63 8.55 8.81 8.77

27-Aug-14 8.58 8.66 8.61 8.74 8.66 8.80 8.77 8.76

28-Aug-14 8.59 8.65 8.62 8.75 8.67 8.80 8.78 8.77

Average 8.60 8.66 8.64 8.43 8.47 8.62 8.75 8.58 8.82 8.82 8.80

Maturity/ Type 6 months 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 15 Year

AAAPSU 0.24 0.33 0.60 0.57 0.52 0.50 0.44 0.33 0.29 0.28 0.49 0.27

Bank 0.15 0.23 0.50 0.47 0.43 0.41 0.35 0.25 0.21 0.22 0.43 0.21

NBFC 0.42 0.52 0.79 0.76 0.72 0.69 0.61 0.49 0.43 0.41 0.61 0.40

Corporate 0.34 0.42 0.69 0.65 0.60 0.57 0.51 0.39 0.34 0.34 0.55 0.33

AA+

PSU 0.37 0.45 0.72 0.68 0.64 0.62 0.56 0.45 0.41 0.41 0.63 0.44

Bank 0.27 0.35 0.62 0.58 0.54 0.53 0.47 0.37 0.34 0.35 0.57 0.38

NBFC 0.54 0.63 0.91 0.88 0.83 0.80 0.73 0.61 0.55 0.54 0.75 0.57

Corporate 0.47 0.55 0.81 0.76 0.71 0.69 0.62 0.51 0.47 0.47 0.68 0.50

AA

PSU 0.49 0.56 0.81 0.78 0.74 0.73 0.69 0.61 0.59 0.62 0.85 0.65

Bank 0.39 0.46 0.71 0.68 0.64 0.64 0.61 0.53 0.52 0.55 0.79 0.58

NBFC 0.68 0.76 1.02 0.98 0.94 0.92 0.87 0.77 0.74 0.75 0.97 0.78

Corporate 0.59 0.66 0.90 0.86 0.82 0.81 0.76 0.67 0.65 0.67 0.90 0.71

Bond Yield Spreads over Gilts—August 2014

Constant Maturity Yields for Government Bonds—August 2014

Debt Market Yields


13

Debt Market Yields9.4

9.2

9.0

9.3

9.3

9.1 9.2

9.2

9.5

9.1

8.2

9.2 9.3

9.4

9.4

9.1 9.2

9.1

8.9

9.4

8.9

8.8

9.0

9.2 9.3

9.5

9.2

9.2 9.3

8.9

9.3

9.3 9

.4

9.3

9.4

7.5

8.0

8.5

9.0

9.5

10.0

June 2

01

2

Octo

ber

20

12

Marc

h 2

01

3

May 2

01

3

July

20

13

July

20

13

Decem

ber …

Ap

ril

20

14

Octo

ber

20

14

August

20

15

july

20

16

August

20

16

Marc

h 2

01

7

July

20

17

August

20

17

July

20

18

June 2

01

9

July

20

19

Wei

gh

ted

Av

erag

e Y

TM

s

Maturity Year

Yields of Benchmark Corporate Bonds (AAA) -August 2014

8.6

9

8.6

9

8.4

3 8.5

6

8.6

2 8.7

6

8.6

3

8.7

2

8.8

0

8.8

3

8.7

5

8.5

6

8.8

3

8.8

7

8.8

6

8.8

4

8.7

3 8.8

2

8.8

2

8.8

0

8.8

0

8.00

8.20

8.40

8.60

8.80

9.00

9.20

9.40

9.60

Jun

e 2

01

5

Jun

e 2

01

5

Au

gu

st 2

01

6

Apri

l 2

01

8

Jun

e 2

01

9

May 2

02

0

Jun

e 2

02

0

Decem

ber

20

20

May 2

02

2

May 2

02

3

No

vem

ber

20

23

July

20

24

Sep

tem

ber

20

25

July

20

26

Feb

ruary

20

27

Sep

tem

ber

20

27

Jun

e 2

02

8

Sep

tem

ber

20

30

Au

gu

st 2

03

2

Decem

ber

20

42

Decem

ber

20

43

Weig

hte

d A

vera

ge Y

TM

s

Maturity Year

Yields of Gsecs Traded in August 2014


14

BSE Equity Market S&P BSE Sensex (30 Scrips) (1978-79=100)

Month/Year

No of co.s

listed*

No. of co.s

traded

Turnover

(Rs.cr)

Average

Daily

Turnover

(Rs.cr)

Market

Capitalisation

(Rs.cr)*

Month

High

Month

Low

Month-

Closing P/E P/B Div Yield

May-14 5379 3086 92122 4387 8407834 25375.63 22277.04 24217.34 17.94 2.79 1.42

Jun-14 5406 3135 84141 4007 9020000 25725.12 24270.2 25413.78 18.58 2.83 1.39

Jul-14 5433 3022 75119 3415 9010270 26300.17 24892 25894.97 18.52 2.88 1.37

NSE Capital Market Segment CNX Nifty (50 Scrips)(Nov.3, 1993=100)

Month/Year

No of co.s

listed*

No. of co.s

traded

Turnover

(Rs.cr)

Average

Daily

Turnover

(Rs.cr)

Market

Capitalisation

(Rs.cr)*

Month

High

Month

Low

Month-

Closing P/E P/B Div Yield

May-14 1692 1588 436022 20763 8251346 7563.50 6638.55 7229.95 19.62 3.37 1.36

Jun-14 1695 1588 421688 20080 8854702 7700.05 7239.50 7611.35 20.57 3.50 1.29

Jul-14 1696 1594 391428 17792 8831139 7840.95 7422.15 7721.30 20.66 3.50 1.28

*End of the Month.

BSE Derivatives (F&O) Trades

No. of

contracts

Turnover (Rs.

cr.)

No. of

contracts

Turnover

(Rs. cr.)

No. of

contracts

Notional

Turnover

(Rs. cr.)

No. of

contracts

Notional

Turnover

(Rs. cr.)

No. of

contracts

Turnover

(Rs. cr.)

May-14 88483 3157.00 74143 2367.00 8138810 291398.00 31673 1095.00 8333109 298017.00 14191.29

Jun-14 144469 5469.00 4594 154.00 51901113 1957326.00 60829 2337.00 52111005 1965285.00 93585.00

Jul-14 137732 5315.00 6899 242.00 57544114 2245766.00 81222 3067.00 57769967 2254389.00 102472.23

NSE Derivatives (F&O) Segment

No. of

contracts

Turnover (Rs.

cr.)

No. of

contracts

Turnover

(Rs. cr.)

No. of

contracts

Notional

Turnover

(Rs. cr.)

No. of

contracts

Notional

Turnover

(Rs. cr.)

No. of

contracts

Turnover

(Rs. cr.)

May-14 10603369 382840.19 22571501 808882.21 71491525 2603963.62 7570282 276019.55 112240141 4072451.86 193926.28

Jun-14 8961322 339617.49 21479352 834723.02 76549167 2897812.18 7466499 295985.91 114456691 4368186.88 208008.90

Jul-14 9553629 366246.67 20623544 804572.36 88120449 3396549.87 7494464 296531.16 125792830 4863975.35 221089.79

Total Average

Daily

Turnover

(Rs. cr.)Month / Year

Index Futures Stock Futures Index Options Stock Options

Stock Markets

Average

Daily

Turnover

(Rs. cr.)Month / Year

Index Futures Stock Futures Index Options Stock Options Total

Equity Market Turnover

Derivatives Turnover


15

BSE: S&P BSE Sensex (30 Scrips) (1978-79=100)

Open High Low Close Price/Earnings Price/Bookvalue Dividend Yield

01-Aug-14 25753.92 25862.68 25459.13 25480.84 17.80 2.81 1.39

04-Aug-14 25631.68 25754.42 25531.38 25723.16 18.11 2.87 1.37

05-Aug-14 25817.84 25928.32 25562.36 25908.01 18.37 2.90 1.29

06-Aug-14 25892.55 25901.68 25621.85 25665.27 18.06 2.85 1.32

07-Aug-14 25668.71 25778.05 25526.05 25589.01 18.00 2.84 1.32

08-Aug-14 25406.87 25406.87 25232.82 25329.14 17.88 2.82 1.33

11-Aug-14 25476.87 25553.44 25437.05 25519.24 18.03 2.84 1.32

12-Aug-14 25703.78 25904.98 25645.79 25880.77 18.31 2.88 1.30

13-Aug-14 25861.47 25972.62 25791.79 25918.95 17.93 2.87 1.30

14-Aug-14 25948.30 26135.00 25945.35 26103.23 18.15 2.91 1.29

18-Aug-14 26123.69 26413.11 26075.28 26390.96 18.25 2.93 1.28

19-Aug-14 26482.56 26530.67 26387.84 26420.67 18.28 2.94 1.28

20-Aug-14 26496.29 26504.52 26277.61 26314.29 18.22 2.93 1.28

21-Aug-14 26322.66 26464.80 26262.52 26360.11 18.21 2.93 1.29

22-Aug-14 26419.53 26508.27 26383.16 26419.55 18.31 2.94 1.28

25-Aug-14 26490.31 26630.74 26401.64 26437.02 18.27 2.94 1.28

26-Aug-14 26349.87 26481.97 26314.89 26442.81 18.27 2.94 1.28

27-Aug-14 26553.24 26599.12 26492.50 26560.15 18.39 2.95 1.27

28-Aug-14 26620.18 26674.38 26573.69 26638.11 18.41 2.96 1.27

NSE: CNX Nifty (50 Scrips) (Nov.3, 1993=100)

Open High Low Close Price/Earnings Price/Bookvalue Dividend Yield

01-Aug-14 7662.50 7716.70 7593.90 7602.60 20.05 3.42 1.32

04-Aug-14 7639.55 7694.80 7622.05 7683.65 20.26 3.46 1.31

05-Aug-14 7706.65 7752.45 7638.05 7746.55 20.43 3.48 1.30

06-Aug-14 7726.15 7740.95 7658.95 7672.05 20.20 3.40 1.32

07-Aug-14 7651.15 7708.95 7630.40 7649.25 20.14 3.35 1.32

08-Aug-14 7588.70 7592.45 7540.10 7568.55 19.93 3.29 1.34

11-Aug-14 7619.85 7635.55 7598.60 7625.95 20.00 3.32 1.33

12-Aug-14 7688.80 7735.75 7654.80 7727.05 20.26 3.36 1.31

13-Aug-14 7717.30 7757.10 7695.70 7739.55 20.31 3.37 1.31

14-Aug-14 7756.15 7796.70 7739.10 7791.70 20.45 3.39 1.30

18-Aug-14 7785.25 7880.50 7779.20 7874.25 20.57 3.43 1.29

19-Aug-14 7901.00 7918.55 7881.15 7897.50 20.63 3.44 1.28

20-Aug-14 7915.80 7922.70 7864.05 7875.30 20.58 3.43 1.29

21-Aug-14 7875.35 7919.65 7855.95 7891.10 20.63 3.43 1.29

22-Aug-14 7904.55 7929.05 7900.05 7913.20 20.69 3.44 1.28

25-Aug-14 7931.75 7968.25 7897.95 7906.30 20.67 3.44 1.28

26-Aug-14 7874.50 7915.45 7862.45 7904.75 20.67 3.44 1.28

27-Aug-14 7933.90 7946.85 7916.55 7936.05 20.75 3.45 1.28

28-Aug-14 7942.25 7967.80 7939.20 7954.35 20.80 3.46 1.27

Index Movements


16

7500

7550

7600

7650

7700

7750

7800

7850

7900

7950

8000

25200

25400

25600

25800

26000

26200

26400

26600

268000

1-A

ug-1

4

04-A

ug-1

4

05-A

ug-1

4

06-A

ug-1

4

07-A

ug-1

4

08-A

ug-1

4

11-A

ug-1

4

12-A

ug-1

4

13-A

ug-1

4

14-A

ug-1

4

18-A

ug-1

4

19-A

ug-1

4

20-A

ug-1

4

21-A

ug-1

4

22-A

ug-1

4

25-A

ug-1

4

26-A

ug-1

4

27-A

ug-1

4

28-A

ug-1

4

Sensex High Low Nifty High Low

FUTIDX-NIFTY Futures

(Expiry 28 Aug-14)

Open High Low Close No. of Contracts Turnover ('00,000) Change in OI

01-Aug-14 7686.1 7744.9 7611.3 7622.6 346552.0 1330123 -744100

04-Aug-14 7661.2 7725.9 7646.3 7718.2 211809.0 813633 275850

05-Aug-14 7734.2 7788.6 7655.2 7772.9 347497.0 1341843 374150

06-Aug-14 7747.7 7759.0 7676.7 7691.5 256771.0 991937 606300

07-Aug-14 7679.8 7750.0 7650.0 7669.7 302990.0 1165319 -637850

08-Aug-14 7604.5 7618.9 7560.6 7591.7 260196.0 987280 -889300

11-Aug-14 7651.0 7651.0 7611.0 7641.4 142670.0 544458 312100

12-Aug-14 7699.7 7755.9 7663.5 7748.3 247522.0 953624 343200

13-Aug-14 7728.1 7776.7 7706.4 7746.4 263570.0 1019927 1275850

14-Aug-14 7762.0 7811.8 7748.0 7803.7 197553.0 769345 259250

18-Aug-14 7790.2 7886.9 7772.6 7877.7 184306.0 722932 641100

19-Aug-14 7897.0 7923.7 7888.5 7909.7 170617.0 674451 193850

20-Aug-14 7909.0 7915.5 7881.2 7890.7 137473.0 542690 -158850

21-Aug-14 7886.9 7937.1 7867.6 7903.2 191635.0 757162 -385750

22-Aug-14 7912.2 7939.8 7906.3 7927.6 143939.0 570174 -317450

25-Aug-14 7926.0 7979.0 7906.3 7915.5 209930.0 833941 -1533550

26-Aug-14 7895.0 7918.0 7871.6 7906.5 215564.0 851184 -2321650

27-Aug-14 7930.0 7948.1 7911.2 7931.6 222784.0 883819 -1657100

28-Aug-14 7952.0 7967.2 7935.3 7952.8 241078.0 958923 -2872150


17

Equity

Gross Purchases

(Rs Crores)

Gross Sales

(Rs Crores)

Net Investment

(Rs Crores)

01-Aug-14 1483.6 681.7 801.9

04-Aug-14 785.7 557.7 228.0

05-Aug-14 941.9 433.3 508.6

06-Aug-14 740.0 611.7 128.3

07-Aug-14 795.2 520.3 274.9

08-Aug-14 760.7 694.0 66.6

11-Aug-14 683.1 434.5 248.6

12-Aug-14 744.5 643.2 101.2

13-Aug-14 891.1 828.1 63.1

14-Aug-14 677.3 376.7 300.5

18-Aug-14 645.1 351.5 293.6

19-Aug-14 921.1 620.5 300.6

20-Aug-14 682.4 261.4 421.0

21-Aug-14 1298.9 808.1 490.8

22-Aug-14 939.6 653.4 286.2

25-Aug-14 876.5 437.8 438.7

26-Aug-14 857.1 662.9 194.2

27-Aug-14 1180.6 481.1 699.6

28-Aug-14 1972.1 861.0 1111.0

Total for August 17876.5 10918.9 6957.4

Debt

Gross Purchases

(Rs Crores)

Gross Sales

(Rs Crores)

Net Investment

(Rs Crores)

01-Aug-14 9702.8 3898.2 5804.6

04-Aug-14 7163.2 2978.8 4184.4

05-Aug-14 5601.6 2989.2 2612.4

06-Aug-14 7923.9 6212.3 1711.5

07-Aug-14 9189.4 5402.1 3787.3

08-Aug-14 9352.4 4068.1 5284.3

11-Aug-14 4910.7 3988.9 921.8

12-Aug-14 4853.8 4079.3 774.4

13-Aug-14 8712.4 5290.7 3421.8

14-Aug-14 5998.1 3029.9 2968.3

18-Aug-14 8.6 6.2 2.5

19-Aug-14 8633.8 4217.5 4416.3

20-Aug-14 4191.1 2179.9 2011.2

21-Aug-14 8159.3 3155.8 5003.5

22-Aug-14 13596.4 3362.3 10234.1

25-Aug-14 10704.4 5753.0 4951.5

26-Aug-14 6600.4 3743.9 2856.5

27-Aug-14 10812.3 5652.2 5160.1

28-Aug-14 13673.1 7884.7 5788.4

Total for August 149787.7 77893.0 71894.9

Mutual Funds Investment Trends

Capital Flows


18

Mutual Funds Asset Position

(Rs. Crore)

April—July 2014 Private Sector

Mutual Funds

Public Sector

Mutual Funds (of which) UTI Total

8,37,854.5 1,68,597.4 78,085.1 10,06,451.9

83.25% 16.75% 7.76% 100.00%

2,50,755.5

Cumulative Position of Net Assets as

on July 31, 2014. (%)

35,37,312.3

Net Inflow/ Outflow (-ve) of funds 93,753.3 19,462.9 7,832.0 1,13,216.3

Mobilisation of Funds 29,40,983.2 5,96,329.1

ECB (& FCCB) Jun-14 Jul-14

Automatic Route 1,302,989,111 2,559,987,078

Approval Route 5837,07,263 1,161,634,750

Total ECB 1,886,696,374 3,721,621,828

Value in US$.

01-Aug-14 911.1 849.6 61.5 10.2

04-Aug-14 610.8 2238.3 -1627.6 -267.5

05-Aug-14545.4 1661.4 -1116.0 -182.9

06-Aug-14 941.3 858.8 82.5 13.6

07-Aug-14 2090.9 3754.0 -1663.0 -271.1

08-Aug-14 376.6 1075.6 -699.1 -113.8

11-Aug-14 1682.7 1583.4 99.3 16.1

12-Aug-14 153.7 1200.0 -1046.3 -171.2

13-Aug-14 1457.7 476.1 981.6 160.4

14-Aug-14 405.5 751.1 -345.7 -56.4

19-Aug-14 2920.5 294.4 2626.1 430.1

20-Aug-14 478.5 414.4 64.1 10.6

21-Aug-14 18272.8 2200.8 16072.0 2649.1

22-Aug-14 791.7 1290.8 -499.2 -82.2

25-Aug-14 2151.9 419.2 1732.6 286.7

26-Aug-14 898.9 264.5 634.5 105.0

27-Aug-14 558.6 713.5 -154.9 -25.6

28-Aug-14 2223.8 722.3 1501.4 248.3

Total for August 37472.1 20768.2 16703.9 2759.4

Total for 2014 254854.4 152381.7 102472.7 16999.9

Debt Gross Purchases

(Rs Crores)

Gross Sales

(Rs Crores)

Net

Investment

US$ million

Net Investment

(Rs Crores)

FII Investments in Primary & Secondary Markets


19

01-Aug-14 7164.8 8675.1 -1510.3 -250.7

04-Aug-14 4742.5 5854.7 -1112.2 -182.8

05-Aug-14 4240.9 3813.9 427.0 70.0

06-Aug-14 3002.2 2990.4 11.8 2.0

07-Aug-14 4066.7 3743.7 323.0 52.7

08-Aug-14 4658.5 2699.6 1958.9 319.0

11-Aug-14 2757.5 3224.9 -467.4 -75.9

12-Aug-14 2798.0 2909.9 -111.9 -18.3

13-Aug-14 3080.0 2715.8 364.1 59.5

14-Aug-14 5276.9 4010.4 1266.5 206.8

19-Aug-14 7497.3 6314.2 1183.1 193.8

20-Aug-14 4352.8 3694.5 658.2 108.4

21-Aug-14 3509.9 3204.3 305.6 50.4

22-Aug-14 3840.8 3350.7 490.1 80.7

25-Aug-14 3360.9 3063.0 297.9 49.3

26-Aug-14 2556.4 2408.2 148.2 24.5

27-Aug-14 3433.0 2768.0 665.0 109.9

28-Aug-14 58.3 0.0 58.3 9.6

Total for August 74009.2 68579.4 5429.8 887.1

Total for 2014 679168.0 600832.9 78335.1 13035.7

Equity

Net

Investment

US$ million

Gross Purchases

(Rs Crores)

Gross Sales

(Rs Crores)

Net Investment

(Rs Crores)

-550.0-350.0-150.050.0

250.0450.0650.0850.01050.01250.01450.0

1-Aug-14

8-Aug-14

15-A

ug-14

22-A

ug-14

-1510.3-1112.2

1958.9

Net Flows (R

s.Cr.)

FII Equity

MF Equity

Foreign Investment May-14 Jun-14 Apr.-Jun. 2014-15 Apr.-Jun. 2013-14

Foreign Investment Inflows 4,754.0 2,345.0 9,106.0 6,477.0

Net Direct Investments 4,753.0 2,390.0 9,149.0 6,488.0

Net Portfolio Inflows 7,687.0 4,802.0 12,391.0 -225.0

US$ million.


20

During MCX NCDEX All Exchanges YoY % Growth

1st - 15th Aug ’14 1,95,205.86 34,420.08 2,33,247.43 -33.90

16th - 31st Jul ’14 2,33,834.32 43,832.24 2,81,701.63 -40.74

1st - 15th Jul ’14 2,09,332.99 56,079.65 2,70,214.58 -33.84

Value of Trade on Commodity Exchanges (in Rs.Crore)

Commodity Futures & Spot Markets

Date Futures Spot Futures Spot Futures Spot Futures Spot Futures Spot

01-Aug-14 3051.0 3086.7 1575.0 1579.0 669.2 682.1 5961.0 5914.0 28222.0 27886.0

04-Aug-14 3049.0 3082.8 1600.0 1577.0 669.4 678.5 5997.0 5956.0 28100.0 27993.0

05-Aug-14 3066.0 3084.4 1598.0 1586.0 660.0 675.7 5938.0 5998.0 28114.0 27914.0

06-Aug-14 3080.0 3089.5 1595.0 1590.0 661.2 672.0 5954.0 5927.0 28633.0 28114.0

07-Aug-14 3079.0 3076.7 1601.0 1587.8 659.8 672.0 5983.0 5945.0 28770.0 28375.0

08-Aug-14 3100.0 3086.3 1606.0 1588.9 659.2 672.0 5970.0 5978.0 28604.0 28576.0

11-Aug-14 3100.0 3085.8 1603.0 1585.0 655.0 668.7 5996.0 6011.0 28633.0 28373.0

12-Aug-14 3102.0 3077.8 1599.0 1585.0 657.0 666.5 5966.0 5994.0 28730.0 28469.0

13-Aug-14 3100.0 3080.0 1598.0 1580.0 657.6 666.8 5935.0 5958.0 28688.0 28413.0

14-Aug-14 3097.0 3070.7 1597.0 1585.0 647.8 661.9 5796.0 5977.0 28614.0 28324.0

18-Aug-14 3088.0 1580.0 1578.9 634.6 648.0 5737.0 5944.0 28295.0 28117.0

19-Aug-14 3079.0 3084.5 1580.0 1577.5 631.6 646.6 5675.0 5887.0 28252.0 28104.0

20-Aug-14 3054.0 3091.3 1585.0 1578.0 626.2 640.5 5699.0 5737.0 28212.0 27996.0

21-Aug-14 3038.0 3076.7 1583.0 1577.5 625.4 633.3 5745.0 5670.0 27747.0 27795.0

22-Aug-14 3059.0 3075.0 1580.0 1580.0 616.1 623.7 5679.0 5710.0 27813.0 27691.0

25-Aug-14 3049.0 3076.0 1577.0 1578.0 621.5 624.1 5683.0 5660.0 27771.0 27625.0

26-Aug-14 3044.0 3075.0 1574.0 1575.0 619.1 624.3 5698.0 5641.0 27895.0 27831.0

27-Aug-14 3044.0 3077.5 1555.0 1575.2 618.1 626.4 5675.0 5678.0 27780.0 27742.0

28-Aug-14 3036.0 3068.0 1554.0 1570.0 620.0 624.4 5761.0 5677.0 28075.0 27923.0

29-Aug-14 3034.0 1554.0 610.7 5831.0 5718.0 27996.0

(1 Bbl.) (10 Grams)

Wheat* Refined Soya Oil* Energy: Crude Oil**Sugar* Bullion: Gold**

*National Commodity & Derivatives Exchange Ltd. **Multi Commodity Exchange of India. Futures: September contract; Gold: October contract.

Commodity Futures & Spot Prices

(100 Kgs) (100 Kgs) (10 Kgs)


21

Futures Index MCXCOMDEX MCXAGRI MCXMETAL Spot Index MCXSCOMDEX MCXSAGRI MCXSMETAL

01-Aug 3905.17 2310.25 4866.64 3984.14 2991.08 4805.18

04-Aug 3919.88 2320.66 4874.58 4001.58 2980.96 4828.22

05-Aug 3888.23 2292.87 4835.31 4001.59 2979.70 4825.88

06-Aug 3914.08 2296.96 4884.02 4006.43 2980.29 4810.44

07-Aug 3922.71 2295.67 4896.29 4013.91 2980.49 4850.16

08-Aug 3907.66 2285.71 4861.14 4032.72 2997.87 4863.08

11-Aug 3915.17 2262.43 4876.48 4020.01 2983.84 4835.10

12-Aug 3913.77 2271.15 4881.38 4017.05 2986.05 4852.19

13-Aug 3882.90 2283.25 4834.02 4012.47 2986.44 4832.92

14-Aug 3840.15 2269.42 4808.78 3978.42 2976.46 4794.15

18-Aug 3808.26 2261.81 4778.76 3946.15 2952.81 4755.54

19-Aug 3785.24 2227.27 4766.19 3939.73 2960.31 4766.96

20-Aug 3793.07 2181.71 4801.98 3928.3 2948.27 4744.61

21-Aug 3791.99 2171.19 4766.59 3933.36 2927.13 4757.53

22-Aug 3770.03 2117.46 4778.27 3879.63 2895.46 4747.00

25-Aug 3777.12 2099.14 4790.35 3870.4 2877.54 4741.82

26-Aug 3788.68 2105.43 4803.68 3902.23 2884.50 4773.87

27-Aug 3768.78 2054.20 4793.54 3891.51 2886.69 4748.51

28-Aug 3798.60 2053.40 4819.92 3906.6 2876.02 4779.04

29-Aug 3804.92 2023.15 4813.14 3906.6 2876.02 4779.04

Multi Commodity Exchange of India: Index Close

Commodity Futures & Spot Indices

2000

2200

2400

2600

2800

3000

3200

3400

3600

3800

4000

4200

4400

4600

4800

5000

1-A

ug

3-A

ug

5-A

ug

7-A

ug

9-A

ug

11

-Au

g

13

-Au

g

15

-Au

g

17

-Au

g

19

-Au

g

21

-Au

g

23

-Au

g

25

-Au

g

27

-Au

g

29

-Au

g

MCXSCOMDEX MCXSAGRI MCXSMETAL

MCXCOMDEX MCXAGRI MCXMETAL


22

Stock

Market

Country Risk

Indicator/GDP CPI PPI

Exchange

Rate

FX

Reserves

Country(per US$)

Q2 July

USA 2.5 Jul 5.0 2.0 2.9 0.23 2.41 Jun -718.6 8.2 AA+/Stable

Canada 2.5 Jun 5.7 2.1 2.9 1.21 2.09 1.09 Jun 0.0 75.4 12.2 AAA/Stable

UK 3.2 Jun 1.2 1.6 -0.1 0.55 2.42 0.61 Jun -179.3 110.7 1.2 AAA/Stable

Euro area 0.7 Jun 0.0 0.4 -1.1 0.15 0.95 0.76 Jun 225.9 -1.8

Germany 1.3 Jun -0.4 0.9 -0.8 0.15 0.95 0.76 Jun 270.3 -3.9 AAA/Stable

France 0.1 Jun -0.4 0.5 -0.6 0.15 1.34 0.76 Jun -82.9 -1.9 AA/Stable

Italy -0.2 Jun 0.4 0.9 -1.9 0.15 2.46 0.76 May 49.1 4.7 BBB/-ve

Spain 1.2 Jun 2.9 -0.3 -0.4 0.15 2.28 0.76 Jun -29.9 4.6 BBB/Stable

Russia 0.8 Jul 1.6 7.4 9.87 9.52 36.80 Jun 193.3 468.8 -14.1 BBB-/-ve

Japan -0.1 Jul -0.9 3.4 4.3 0.13 0.54 105.00 Jun -113.0 1276.0 -3.3 AA-/ -ve

China 7.5 Jul 9.0 2.3 -0.9 4.66 4.00 6.14 Jul 283.3 4010.8 1.7 AA-/Stable

Hong Kong 1.8 Q1 2.1 4.1 0.36 1.95 7.75 Jul -67.8 326.0 8.7 AAA/Stable

Malaysia 6.4 Jun 6.9 3.2 3.78 3.95 3.18 Jun 28.0 131.8 2.8 A-/Stable

Singapore 2.4 Jul 3.3 1.2 0.32 2.36 1.25 Jul 39.0 273.7 6.6 AAA/Stable

South Korea 3.5 Jul 3.4 1.6 2.34 3.10 1020.00 Aug 43.0 368.0 5.5 A+/Stable

Taiwan 3.7 Jul 6.1 1.8 0.94 1.64 29.90 Jul 10.1 423.6 5.5 AA-/Stable

Thailand 0.3 Jul -5.2 2.2 1.87 3.33 32.10 Jul -3.6 169.4 25.0 BBB+/Stable

Brazil -0.9 Jul -3.5 6.5 10.80 11.20 2.23 Aug 6.4 376.8 26.8 BBB-/Stable

Chile 1.9 Jul -2.6 4.5 0.74 4.28 588.00 Jul 6.0 40.4 -2.8 AA-/ Stable

Mexico 1.6 Jun 2.0 4.1 3.30 7.75 13.10 Jul 1.0 190.3 7.8 BBB+/Stable

South Africa 1.0 Jun 0.7 6.3 6.13 7.73 10.70 Jul -8.4 49.9 9.7 BBB-/Stable

India 5.7 Jun 3.4 8.0 8.60 8.52 60.50 Jul -122.9 320.6 31.1 BBB-/-ve

Note: Trade balance for last 12 months. FX Reserves at end of period.

*% change of the major index in US$ terms between 31st December 2013 and September 3, 2014. **Foreign Currency Ratings by S&P.

For more Countrywise Indicators and Updates visit: http://www.ecofin-surge.co.in/publications.html

Global Economic Indicators

03-Sep

(% change on year ago)

Economic & Financial Market Indicators for Major Global Economies

External Sector

(%)

Growth Inflation

Share

Price

Growth*

Interest Rates

Short-

term

Rate

Long-

term

Rate

IIP

Sovereign

Rating**

Trade Balance($ bn.)

July

5.2

3.9

3.23.0

3.63.93.6

4.9

3.93.6

3.5 3.4

12.8

6.2

2.8 3.0

4.35.3

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

0.0

1.0

2.0

3.0

4.0

5.0

6.0

2010 2011 2012 2013 2014 2015

Trade

World Output, Inflation & Trade (% change, IMF, WEO Database & Updates)

GDP Inflation Trade


23

S&P BSE

Dollex-30

(India) DJI (US)

S&P

500(US)

FTSE

100(UK)

NIKKEI

225 (Japan)

HSI

(HongKong)

STI

(Singapore)

IPC

(Mexico)

BOVESPA

(Brazil)

01-Aug-14 3,421.89 16,493.37 1,925.15 6,679.20 15,523.11 24,532.43 3,344.42 43,986.11 55,903.00

04-Aug-14 3,458.96 16,569.28 1,938.99 6,677.50 15,474.50 24,600.08 3,318.40 44,594.66 56,616.00

05-Aug-14 3,501.88 16,429.47 1,920.21 6,682.50 15,320.31 24,648.26 3,327.67 44,481.68 56,202.00

06-Aug-14 3,437.24 16,443.34 1,920.24 6,636.20 15,159.79 24,584.13 3,320.23 44,425.77 56,487.00

07-Aug-14 3,424.65 16,368.27 1,909.57 6,597.40 15,232.37 24,387.56 3,314.22 44,116.15 56,188.00

08-Aug-14 3,389.32 16,553.93 1,931.59 6,567.40 14,778.37 24,331.41 3,288.89 44,105.95 55,573.00

11-Aug-14 3,420.33 16,569.98 1,936.92 6,632.80 15,130.52 24,646.02 3,306.45 44,679.16 56,613.00

12-Aug-14 3,474.60 16,560.54 1,933.75 6,632.40 15,161.31 24,689.41 3,303.39 44,734.04 56,442.00

13-Aug-14 3,473.05 16,651.80 1,946.72 6,656.70 15,213.63 24,890.34 3,301.41 44,723.96 55,581.00

14-Aug-14 3,516.11 16,713.58 1,955.18 6,685.30 15,314.57 24,801.36 3,294.83 44,793.02 55,780.00

15-Aug-14 16,662.91 1,955.06 6,689.10 15,318.34 24,954.94 3,314.77 44,629.33 56,964.00

18-Aug-14 3,564.81 16,838.74 1,971.74 6,741.30 15,322.60 24,955.46 3,312.78 44,854.81 57,561.00

19-Aug-14 3,571.32 16,919.59 1,981.60 6,779.30 15,449.79 25,122.95 3,316.43 44,962.88 58,449.00

20-Aug-14 3,561.05 16,979.13 1,986.51 6,755.50 15,454.45 25,159.76 3,323.65 45,248.05 58,878.00

21-Aug-14 3,565.04 17,039.49 1,992.37 6,777.70 15,586.20 24,994.10 3,324.09 45,410.36 58,992.00

22-Aug-14 3,585.78 17,001.22 1,988.40 6,775.30 15,539.19 25,112.23 3,325.50 45,374.99 58,407.00

25-Aug-14 3,588.15 17,076.87 1,997.92 15,613.25 25,166.91 3,330.28 45,504.34 59,735.00

26-Aug-14 3,588.94 17,106.70 2,000.02 6,822.80 15,521.22 25,074.50 3,323.02 45,464.75 59,821.00

27-Aug-14 3,607.55 17,122.01 2,000.12 6,830.70 15,534.82 24,918.75 3,341.46 45,601.00 60,951.00

28-Aug-14 3,616.79 17,079.57 1,996.74 6,805.80 15,459.86 24,741.00 3,330.22 45,501.28 60,291.00

29-Aug-14 17,098.45 2,003.37 6,819.80 15,424.59 24,742.06 3,327.09 45,628.09 61,288.00

Closing Values

International Stock Index Movements vs S&P BSE Sensex (August-2014, with 1st Aug=100)

Selected Indian & International Stock Indices

Global Stock Indices

DJI (US) S&P 500 (US) FTSE 100(UK) NIKKEI 225 (Japan)

HSI (HongKong) IPC (Mexico) BOVESPA (Brazil)STI (Singapore)


24

Units Descriptor Jun-13 Jul-13 Aug-13 Jun-14 Jul-14 Aug-14

Index Number Fuel and Non-Fuel 179.16 183.55 185.67 185.15 181.10 175.36

Index Number Non-Fuel 169.43 168.65 166.69 164.54 164.63 161.69

Index Number Food 185.37 183.58 175.00 175.88 172.05 165.99

Index Number Agricultural Raw Materials 141.04 136.59 133.99 140.39 139.08 137.73

Index Number Industrial Inputs 157.66 157.53 161.18 152.85 156.33 155.40

Index Number Metals 169.66 172.66 180.81 161.85 168.79 168.17

Index Number Energy 184.85 192.26 196.77 197.20 190.73 183.36

Index Number Crude Oil 187.68 197.73 203.14 203.83 197.94 188.34

US Dollars per Barrel Crude Oil, Brent 103.11 107.72 110.96 111.87 106.98 101.92

" Crude Oil Dubai Fateh 100.33 103.36 106.66 108.01 105.71 101.85

" Crude Oil WTI 95.79 104.55 106.55 105.24 102.99 96.38

USD per Million Metric British Thermal Unit Natural Gas, H H, Louisiana 3.83 3.62 3.43 4.57 4.04 3.88

US Dollars per Metric Ton Coal, Australian Thermal 88.67 82.78 82.46 76.59 73.66 73.86

US Dollars per Metric Ton Aluminum 1814.54 1769.61 1816.24 1838.95 1948.30 2030.49

" Copper 7000.24 6906.64 7186.25 6821.14 7113.38 7001.84

" Zinc 1839.01 1837.62 1896.39 2128.10 2310.62 2326.99

US Cents per Metric Ton Iron Ore 114.82 127.19 137.06 92.74 96.05 92.61

US cents per Pound Rubber 127.47 116.26 116.53 94.65 91.57 83.91

US cents per Pound Cotton 93.08 92.62 92.71 90.90 83.84 74.00

US Dollars per Metric Ton Palm oil 763.04 729.86 722.84 758.47 752.89 677.86

US Dollars per Metric Ton Sunflower Oil 1470.57 1375.48 1152.39 1112.06 1061.82 992.55

US Dollars per Metric Ton Soybean Oil 1058.59 1000.84 944.27 871.57 813.86 745.84

US Dollars per Metric Ton Soybeans 560.16 548.35 498.05 528.00 463.23 432.99

US cents per Pound Sugar, European 25.74 25.26 25.76 28.11 28.39 27.77

" Sugar, Free Market 16.96 17.10 17.24 18.13 17.18 15.89

" Sugar, U.S. 19.61 20.46 21.36 25.95 25.58 25.64

US cents per Kg. Tea 258.71 256.16 248.04 223.70 232.39 235.78

US cents per Pound Coffee, Arabicas 138.86 138.44 135.63 198.91 198.59 214.50

US Dollars per Metric Ton Rice, Bangkok 546.25 538.26 503.82 414.67 428.00 440.38

US Dollars per Metric Ton Wheat, Mexico 313.52 304.68 305.49 306.53 280.36 263.41

*Base 2005=100

Primary Commodity Indices*/ Prices

Global Commodity Prices

0 50 100 150 200 250

2011

2012

2013

2014

2015

Observed & Projected Price Movements, IMF WEO Database Fuel and Non-Fuel Price Indices

Industrial Inputs Price Index includes

Agricultural Raw Materials and Metals

Agricultural Raw Materials Index includes

Timber, Cotton, Wool, Rubber, and Hides Price

Cereals Price Index Wheat, Corn, Rice & Barley

Crude Oil Index(Petroleum), Brent, West

Texas Intermediate, and the Dubai Fateh

Metals Price Index, Copper, Aluminum, Iron Ore, Tin, Nickel, Zinc, Lead, and Uranium Price Indices


25

Following are the some highlights of the Union Budget 2014-15:

* Maintains fiscal deficit target of 4.1 percent of GDP for 2014/15

* Sustained growth of 7-8 percent in the next 3-4 years

Taxation

* Government expects Rs 9.77 lakh crore revenue crore from taxes

*Plan expenditure pegged at Rs 5.75 lakh crore and non-plan at Rs 12.19 lakh crore.

* Fiscal deficit target retained at 4.1 pc of GDP for current fiscal and 3.6 pc in FY 16

* Disinvestment target fixed at Rs 58,425 crore

* Gross borrowings pegged at Rs 6 lakh crore

* Tax-to-GDP ratio must be raised

* Contours of GST to be finalised this fiscal; Govt to look into DTC proposal.

* Will not change rules on retrospective taxation

* Proposes changes in transfer pricing mechanism

* Extends 5 percent withholding tax on corporate bonds until June 30 2017

*Tax slab on personal income remains unchanged

* Income tax exemption limit raised by Rs 50,000 to Rs 2.5 lakh and for senior citizens to Rs 3 lakh

* Exemption limit for investment in financial instruments under 80C raised to Rs 1.5 lakh from Rs 1 lakh.

* Investment limit in PPF raised to Rs 1.5 lakh from Rs 1 lakh

* Long term capital gain tax for mutual funds doubled to 20 per cent; lock-in period increased to three years

* Net effect of direct tax proposals is revenue loss of Rs 22,200 crore

* Tax proposals on indirect tax front would yield Rs. 7,525 crore

Outlays

* Capital outlay for defence raised by 50 billion rupees over interim budget

* Earmarks Rs 500 crore for 24x7 uninterrupted power in all homes

* Rs 2,037 crore set aside for Integrated Ganga Conservation Mission

* Rs 2250 crore for the development and modernization of the border infrastructure

* A project on the river Ganga called 'Jal Marg Vikas' for inland waterways between Allahabad and Haldia; Rs

4,200 crore set aside for the purpose

* Rs 7,060 crore for setting up 100 Smart Cities

* Set aside Rs 11,200 crore for PSU banks capitalization

* Proposes Rs 5000 crore for warehousing capacity; 100 billion rupees of private capital for start-up companies;

and 378 billion rupees of investment in national and state highways

*Rs. 1000 crore provided for assured irrigation.

* Rs 4000 crore for affordable housing proposed through national housing bank and extends tax incentives for

housing loans

* Proposes Rs 8000 crore for rural housing scheme

Subsidies

* Plans to make food and petroleum subsidies more targeted


26

* Rural job-guarantee scheme, which provides 100 days of paid employment a year, will become more focused on

asset creation

Agriculture

* Will focus on achieving 4 growth per year in agriculture

* Proposes a long-term rural credit fund with an initial corpus of Rs 5000 crore

* Rs 100 crore for development of organic farming

Investment

* Raises limit on foreign direct investment in defence sector from 26 per cent to 49 per cent; raises FDI limit in

insurance sector to 49 percent

* Will provide the necessary tax changes to introduce real estate investment trusts and infrastructure investment

trusts


27

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EUpdates Sep14—Indian & Global Economic Indicators

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