STCI Primary Dealer Ltd.

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Money Market


Money market refers to all those instruments with a maturity of less than a year. Large borrowers avail resources from these markets in order to finance their short term needs. The money market is typically seen as a safe place to put money due the highly liquid nature of the securities and short maturities.

STCI PD is highly active in these markets and has access to the same. These short term instruments include:

Latest News

Combined CPI
Combined CPI inflation witnessed controlled pressures from the food basket coming in at 3.69% for Aug-18 compared to 4.17% for the previous month. Consequently, core inflation decelerated to 5.87% compared to 6.28% previously
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Industrial production July-18
Industrial production for the month of July-18 stood at 6.6% slightly lower than revised estimate of June-18 at 6.8%(previously 7.0%). Nonetheless, sequential momentum noted expansion in Electricity (1.4%) while Manufacturing and Mining sectors contracted by 0.5% and 8.8% respectively
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Wholesale Price
Wholesale Price Index came in at 4.53% as against 5.09% in the July mainly due to a moderate rise in prices of primary articles as well as a favourable statistical base. At the same time, June WPI print was revised downwards to 5.68% from 5.77% previously.
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Surpassing market expectations
Surpassing market expectations, India’s Real GDP for Q1 FY19 stood at 8.2%, better than 7.7% growth seen in the previous quarter. Correspondingly, Nominal GDP surged to 13.8% in Q1 FY19 on back of strong growth in private consumption and investment. India’s Real GVA growth for Q1FY19 stood at 8.0% compared to 7.6% in the previous quarter.
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