29Aug2019
MarketsforYou

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GlobalIndices
GlobalIndices 28‐Aug Prev_Day Abs.Change
%Change
#
Russell3000 1,278 1,272 6 0.45
Nasdaq 7,857 7,827 30 0.38
FTSE 7,115 7,090 25 0.35
Nikkei 20,479 20,456 23 0.11
HangSeng 25,615 25,664 ‐49 ‐0.19
IndianIndices 28‐Aug Prev_Day Abs.Change
%Change
#
S&PBSESensex 37,452 37,641 ‐189 ‐0.50
Nifty50 11,046 11,105 ‐59 ‐0.53
Nifty100 11,155 11,214 ‐59 ‐0.53
Nifty500 8,971 9,022 ‐51 ‐0.57
NiftyBank 27,804 28,126 ‐322 ‐1.14
S&PBSEPower 1,892 1,921 ‐29 ‐1.52
S&PBSESmallCap 12,508 12,589 ‐80 ‐0.64
S&PBSEHC 12,475 12,561 ‐86 ‐0.68
Date P/E Div.Yield P/E Div.Yield
28‐Aug 26.23 1.24 27.33 1.34
MonthAgo 27.10 1.22 27.73 1.32
YearAgo 25.06 1.14 28.66 1.15
Nifty50Top3Gainers
Company 28‐Aug Prev_Day
%Change
#
HCLTech 1124 1093 2.82
BPCL 351 342 2.41
Infosys 803 785 2.27
Nifty50Top3Losers DomesticNews
Company 28‐Aug Prev_Day
%Change
#
YesBank 60 65 ‐7.75
AGCNetworksLimited 117 127 ‐7.31
VedantaLimited 132 138 ‐4.16
AdvanceDeclineRatio
BSE NSE
Advances 933 691
Declines 1608 1145
Unchanged 143 100
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 50528
MFFlows** 40076
*28
th
Aug2019;**27
th
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)
29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
203
‐1060
2.99%
(Apr‐19)
• Indian equity markets ended in the red in volatile trade. Sentiment
dampened as trade war worries led to foreign fund outflows and global
cues remained weak. U.S. bond yields once again inverted, strengthening
recession fears. Investors also remained cautious ahead of the expiry of
August futures & options series due on Aug 29, 2019.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.5% and
0.53% to close at 37,451.84 and 11,046.10, respectively. S&P BSE MidCap
and S&P BSE SmallCap lost 0.92% and 0.64%, respectively.
• The overall market breadth on BSE was weak with 953 scrips advancing
and 1,585 scrips declining. A total of 146 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Realty was the major gainer, up
1.86%, followed by S&P BSE IT, up 1.27%, and S&P BSE Teck, up 1.06%.
S&P BSE Metal was the major loser, down 3.40%, followed by S&P BSE
Auto, down 1.91%, and S&P BSE Power, down 1.52%.
• The government eased local sourcing norms for single‐brand retail
companies. Under the present norms, a single‐brand retail company
which has more than 51% FDI (Foreign Direct Investment) needs to
source 30% of its goods from within India. Under the new norm this 30%
can be met as an average over the first five years of operation and
thereafter annually towards its Indian operations. In addition, the
government also approved that single brand retail companies can start
selling online before setting up physical stores, subject to the condition
that they set one up within 2 years of starting online sales. The
government also mandated that goods which shall be procured from
India by a single‐brand retailer for that brand will be counted towards
local sourcing, irrespective of whether the goods procured are exported
or sold in India. Further, the government permitted that sourcing of
goods from India for global operations can be done directly by the entity
which is undertaking single‐brand retail or its group companies (resident
or non‐resident), or indirectly by them through a third party.
• The government gave approval for 100% FDI in contract manufacturing
under automatic route. The objective of the move is to give a boost to
domestic manufacturing. Furthermore, the government permitted 100%
FDI in coal mining and associated infrastructure under automatic route as
well. The government also announced 26% FDI with government approval
in digital media. Under the present norms, 26% FDI is allowed through
government approval route in the print media sector.
• Moody's Investors Service has downgraded YES Bank's long‐term
foreign‐currency issuer rating, because of lower than expected amount of
capital raised and a sharp fall in its stock price, media reports showed.
The global rating agency said this “will challenge its ability to raise
sufficient capital to maintain the rating at its previous level."
• Asian equity markets were mixed as trade worries continued to rattle
investorsandrecessionfearsresurfaced.Marketsarefrettingover
recession as government bond yields once again touched record lows, a
phenomenon that has preceded previous recessions. Today (as of Aug
29), Asian markets opened lower as investors closely watched the U.S.
Treasury yields for cues. Both Nikkei and Hang Seng were trading lower
0.46% and 0.54%, respectively (as at 8.a.m. IST).
• European markets ended mostly down as the U.S. yield curve inverted
to the lowest level since 2007. This led to aggravated recession worries.
• U.S. markets gained as the energy sector was strengthened by oil prices
edging higher. Gains were limited as the U.S. yield curve inverting further,
adding to fears of an imminent recession.
MarketsforYou
FIIDerivativeTradeStatistics 28‐Aug
(RsCr) Buy Sell OpenInt.
IndexFutures 8799.64 8144.65 25007.16
IndexOptions 241140.90 241830.03 68378.54
StockFutures 42652.09 40867.78 95353.88
StockOptions 5786.23 5719.88 5061.15
Total 298378.86 296562.34 193800.73
28‐Aug Prev_Day Change
PutCallRatio(OI) 1.23 1.21 0.03
IndianDebtMarket
PutCallRatio(Vol) 0.92 0.84 0.08
28‐Aug Wk.Ago Mth.Ago YearAgo
CallRate 5.36% 5.32% 5.56% 6.35%
T‐Repo 5.25% 5.23% 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 5.38% 5.45% 5.66% 6.77%
364DayT‐Bill 5.71% 5.70% 5.90% 7.28%
10YearGilt 6.57% 6.57% 6.53% 7.90%
G‐SecVol.(Rs.Cr) 36101 57433 44495 26760
CurrencyMarketUpdate
FBILMIBOR* 5.45% 5.30% 5.75% 6.54%
3MonthCPRate 5.90% 5.95% 6.35% 7.80%
5YearCorpBond 7.78% 7.77% 7.81% 8.69%
1MonthCDRate 5.26% 5.56% 5.76% 6.62%
3MonthCDRate 5.60% 5.77% 6.30% 7.30%
1YearCDRate 6.43% 6.70% 6.95% 8.00%
CommodityMarketUpdate
Currency 28‐Aug Prev_Day Change
USD/INR 71.70 71.82 ‐0.12
GBP/INR 88.02 87.75 0.27
EURO/INR 79.50 79.74 ‐0.24
InternationalNews
JPY/INR 0.68 0.68 0.00
Commodity 28‐Aug WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 55.71 55.60 56.03 68.49
BrentCrude($/bl) 60.51 60.89 62.30 75.90
Gold($/oz) 1539 1502 1418 1201
Gold(Rs./10gm) 38795 37550 34781 30097
Source:ThomsonReutersEikon
*Asonprevioustradingday
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
29August2019
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty Aug 2019 Futures stood at 11,103.90, a discount of 1.45 points
below the spot closing of 11,046.10. The turnover on NSE’s Futures and
Options segment increased to Rs. 14,63,804.79 on August 28, 2019,
compared with Rs. 12,57,676.17 crore on August 27, 2019.
• The Put‐Call ratio stood at 0.93 compared with the previous session’s
close of 0.87.
• The Nifty Put‐Call ratio stood at 1.23 compared with the previous
session’s close of 1.23.
• Open interest on Nifty Futures stood at 22.61 million, compared with
the previous session’s close of 22.61 million.
•Bondyieldswentuponconcernsoverexpectationsofincreased
government spending following the RBI’s fund transfer. This increased
worries over a fiscal slippage.
• Yield on the 10‐year benchmark paper (7.26% GS 2029) rose 4 bps to
6.57% compared with the previous close of 6.53% after trading in a
range of 6.50% to 6.58%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 5,132 crore (gross) on Aug 28, 2019 compared
with borrowings of Rs. 3,854 crore (gross) on Aug 27, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 14,067 crore on Aug 27, 2019.
• Banks borrowed Rs. 2 crore under the central bank’s Marginal Standing
Facility on Aug 27, 2019 compared with borrowings of Rs. 55 crore on
Aug 26, 2019.
• The Indian weakened against the greenback on concerns that the
ongoing trade tensions between U.S. and China would hurt global
growth. Month end dollar demand from oil importers also weakened the
rupee.
• The euro weakened against the greenback on concerns that the
ongoing trade tensions between U.S. and China may lead to a global
economic slowdown.
• Gold prices fell on profit booking from the recent bullion rally.
• Brent Crude prices rose after data from the Energy Information
Administration showed that U.S. crude oil inventories fell sharply by 10
million barrels in the week ended Aug 23.
• Data from the European Central Bank showed euro zone bank lending
to households increased the most in Jul 2019 since early 2009 and
money supply growth accelerated. Loans to households rose 3.4% YoY in
Jul, slightly faster than the 3.3% increase in Jun 2019. Loans to non‐
financial corporations grew at 3.9%.
• Survey data from the Recruitment & Employment Confederation
showed British employers' confidence remained low but they plan to
hire additional staff. The employers' confidence index fell 1 percentage
point to a net ‐26 in May to Jul 2019 period. Forecast demand for
permanent staff increased to +19 in the short‐term and +21 in the
medium‐term in May‐Jul. Nonetheless, nearly 46% of employers of
permanent staff expressed concern about finding enough suitable
candidates for hire.
MarketsforYou
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