27Aug2019
MarketsforYou

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GlobalIndices
GlobalIndices 26‐Aug Prev_Day Abs.Change
%Change
#
Russell3000 1,276 1,260 15 1.22
Nasdaq 7,854 7,752 102 1.32
FTSE Closed 7,095 NA NA
Nikkei 20,261 20,711 ‐450 ‐2.17
HangSeng 25,680 26,179 ‐499 ‐1.91
IndianIndices 26‐Aug Prev_Day Abs.Change
%Change
#
S&PBSESensex 37,494 36,701 793 2.16
Nifty50 11,058 10,829 229 2.11
Nifty100 11,153 10,926 227 2.08
Nifty500 8,965 8,791 174 1.98
NiftyBank 27,951 26,959 993 3.68
S&PBSEPower 1,890 1,861 29 1.58
S&PBSESmallCap 12,387 12,186 201 1.65
S&PBSEHC 12,549 12,461 88 0.71
Date P/E Div.Yield P/E Div.Yield
26‐Aug 26.21 1.24 27.36 1.34
MonthAgo 27.10 1.22 27.73 1.32
YearAgo 24.63 1.16 28.06 1.16
Nifty50Top3Gainers
Company 26‐Aug Prev_Day
%Change
#
YESBANK 63 59 6.16
ADANIPORTS 368 349 5.40
HDFC 2148 2044 5.12
Nifty50Top3Losers DomesticNews
Company 26‐Aug Prev_Day
%Change
#
JSWSTEEL 214 221 ‐2.97
SUNPHARMA 419 428 ‐1.98
HEROMOTOCO 2591 2640 ‐1.87
AdvanceDeclineRatio
BSE NSE
Advances 1705 1344
Declines 811 490
Unchanged 123 115
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 52294
MFFlows** 39206
*26
th
Aug2019;**23
rd
Aug2019
EconomicIndicator
YoY(%) Current YearAgo
CPI
3.15%
(Jul‐19)
4.17%
(Jul‐18)
IIP
2.00%
(Jun‐19)
7.00%
(Jun‐18)
GDP
5.80%
(Mar‐19)
8.10%
(Mar‐18)
27August2019
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
2.70%
(Mar‐19)
6.60%
(Dec‐18)
QuarterAgo
Inflow/Outflow
1628
‐1829
2.99%
(Apr‐19)
• The government has extended the last date of filing annual goods and
services tax return to Nov 30, 2019, from Aug 31, 2019.
• A major global advisory has said in its report the Indian government
should move towards a simple tax structure with a single corporate tax
rate of 25%, without any surcharge or cess above it. The report titled
"India: Redefining its growth path" observed that the minimum alternate
tax should be withdrawn, and dividend distribution tax should be
replaced by the withholding tax. In the Union Budget 2019‐20, finance
minister proposed to raise the annual turnover threshold limit from Rs.
250 crore to Rs. 400 crore for using a lower corporate tax rate of 25%,
lowering the corporate tax rate of companies earning up to Rs 400 crore
from the previous 30%.
• Media reports showed the government could relax foreign direct
investment (FDI) rules in many sectors, including single‐brand retail
trading and digital media, to attract overseas players. Other sectors
where FDI rules could be eased are coal and contract manufacturing. The
government may allow 100% FDI in contract manufacturing. In the
existing foreign investment policy, 100% foreign direct investment is
allowed in the manufacturing sector under the automatic route.
• A top U.S. Senator said India is "the worst" in terms of high tariffs on
U.S. products. This comes before U.S. President's crucial meeting with the
Indian Prime Minister on the sidelines of the G‐7 Summit in France.
• A major global bank said the Indian government could announce two
more tranches of support measures over the next fortnight. The finance
minister announced a series of measures, including rollback of increase in
super‐rich tax on foreign and domestic equity investors, exemption of
start‐ups from 'angel tax', a package to address the problems in the auto
sector and upfront infusion of Rs. 70,000 crore in public sector banks. All
this comes as economic growth is at a five‐year low.
MarketsforYou
• Indian equity markets made handsome gains as investors reacted to the
announcement of slew of measures announced by the finance minister to
boost the economy after the close of markets on Aug 23, 2019. The
government rolled back the increase in surcharge on foreign portfolio
investors and announced relief packages for the auto and finance sectors.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 2.16% and
2.11% to close at 37,494.12 and 11,057.85, respectively. S&P BSE Mid‐
Cap and S&P BSE Small Cap gained 1.57% and 1.65%, respectively.
• The overall market breadth on BSE was strong with 1705 scrips
advancing and 811 scrips declining. A total of 123 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Finance was the major gainer, up
3.86%, followed by S&P BSE Realty and S&P BSE Bankex, which gained
3.6% and 3.57%, respectively. S&P BSE Capital Goods and S&P BSE
Industrials gained 2.84% and 2.37%, respectively. S&P BSE Metal was the
only loser, down 1.12%.
• Asian equity markets started the week with steep losses as the trade
war took a turn for the worse over the weekend. U.S. and China
announced retaliatory tariffs against one another, which overshadowed a
dovish speech by the U.S. Fed chief and hit sentiment. Today (as of Aug
27), Asian markets opened higher tracking developments on the U.S.‐
China trade front. While Nikkei was trading higher 1.12%, Hang Seng was
down 0.09% (as at 8.a.m. IST).
• European markets were little changed after the U.S. President relaxed
trade war fears saying China is ready to come back to the negotiating
table
• U.S. markets gained at the start of the week after the U.S. President
said China is ready to restart talks following a phone call on Aug 25, 2019.
Over the weekend the two countries had announced retaliatory tariffs
against each other but the President’s statement soothed investor
nerves.
FIIDerivativeTradeStatistics 26‐Aug
(RsCr) Buy Sell OpenInt.
IndexFutures 6054.54 5626.44 23217.94
IndexOptions 216665.02 218671.10 60851.92
StockFutures 16963.50 16536.67 91855.41
StockOptions 8684.79 8785.13 5767.77
Total 248367.85 249619.34 181693.04
26‐Aug Prev_Day Change
PutCallRatio(OI) 1.21 1.02 0.19
IndianDebtMarket
PutCallRatio(Vol) 0.84 0.78 0.06
26‐Aug Wk.Ago Mth.Ago YearAgo
CallRate 5.36% 5.30% 5.56% 6.39%
T‐Repo 5.20% 5.18% 5.58% NA
Repo 5.40% 5.40% 5.75% 6.50%
ReverseRepo 5.15% 5.15% 5.50% 6.25%
91DayT‐Bill 5.42% 5.45% 5.66% 6.80%
364DayT‐Bill 5.65% 5.73% 5.90% 7.29%
10YearGilt 6.48% 6.59% 6.53% 7.87%
G‐SecVol.(Rs.Cr) 56940 38343 44495 31439
CurrencyMarketUpdate
FBILMIBOR* 5.40% 5.37% 5.75% 6.55%
3MonthCPRate 5.90% 6.00% 6.35% 7.80%
5YearCorpBond 7.64% 7.95% 7.81% 8.64%
1MonthCDRate 5.47% 5.36% 5.76% 6.75%
3MonthCDRate 5.74% 5.54% 6.30% 7.21%
1YearCDRate 6.54% 6.56% 6.95% 8.02%
CommodityMarketUpdate
Currency 26‐Aug Prev_Day Change
USD/INR 72.18 71.73 0.45
GBP/INR 88.60 87.62 0.98
EURO/INR 80.47 79.39 1.08
InternationalNews
JPY/INR 0.69 0.67 0.01
Commodity 26‐Aug WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 53.51 56.19 56.03 69.46
BrentCrude($/bl) Closed 59.83 62.30 73.60
Gold($/oz) 1526 1495 1418 1206
Gold(Rs./10gm) 38578 37469 34781 29561
Source:ThomsonReutersEikon
*Asonprevioustradingday
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
27August2019
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yields lowered as bond market sentiment turned bullish after a
steep fall in U.S. Treasury yield and crude oil price amid escalating U.S.‐
China trade worries.
• Yield on the 10‐year benchmark paper (7.26% GS 2029) eased 9 bps to
6.48% compared with the previous close of 6.57% after trading in a
range of 6.48% to 6.53%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,354 crore (gross) on Aug 26, 2019 compared
with borrowings of Rs. 3,769 crore (gross) on Aug 23, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 11,368 crore on Aug 23, 2019.
• Banks borrowed Rs. 2,250 crore under the central bank’s Marginal
Standing Facility on Aug 23, 2019 compared with borrowings of Rs. 1
crore on Aug 22, 2019.
• A Commerce Department report showed new orders for U.S. durable
goods jumped much more than expected in Jul 2019. Durable goods
orders surged up 2.1% in Jul following a 1.8% increase in Jun 2019.
• ifo institute survey results showed Germany's business confidence
deteriorated to the lowest level in nearly seven years in Aug 2019 as
escalating trade disputes dampened manufacturing activity, pushing the
economy to the verge of a recession. The ifo business climate index fell
to 94.3 in Aug from 95.8 in Jul 2019. This was the fifth consecutive fall.
MarketsforYou
• Nifty Aug 2019 Futures stood at 11,054.20, a discount of 3.65 points
below the spot closing of 11,057.85. The turnover on NSE’s Futures and
Options segment rose to Rs. 15,13,497.60 on August 26, 2019, compared
with Rs. 10,43,153.98 crore on August 23, 2019.
• The Put‐Call ratio stood at 0.81 compared with the previous session’s
close of 0.69.
• The Nifty Put‐Call ratio stood at 1.21 compared with the previous
session’s close of 1.02.
• Open interest on Nifty Futures stood at 22.49 million, compared with
the previous session’s close of 22.32 million.
• The Indian plunged to a more than nine month low against the
greenback as escalating trade tensions between U.S. and China weighed
on the market sentiment. However, gains in the domestic equity market
restricted further losses. The rupee closed at 72.02 per dollar, down
0.50% compared with the previous close 71.66.
• The euro fell against the greenback as the latter got some support afte
r
U.S. and China sought to ease trade war tensions. The euro closed at
1.1100, down 0.39% compared with the previous close of 1.1144.
• Gold prices remained steady as investors continued to monitor the
developments of the ongoing U.S.‐ China trade war. After witnessin
g
initial rally, the precious metal gave up some of its gains after both the
nations sought to ease trade war tensions.
• Brent crude oil market remained closed.
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