Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
06 Nov 2019
Markets for You
Global Indices
Global Indices 05-Nov Prev_Day Abs. Change
% Change
#
Russell 3000 1,339 1,342 -4 -0.27
Nasdaq 8,435 8,433 1 0.02
FTSE 7,388 7,370 18 0.25
Nikkei 23,252 Closed NA NA
Hang Seng 27,683 27,547 136 0.49
Indian Indices 05-Nov Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 40,248 40,302 -54 -0.13
Nifty 50 11,917 11,941 -24 -0.20
Nifty 100 12,056 12,089 -33 -0.27
Nifty 500 9,694 9,732 -38 -0.39
Nifty Bank 30,220 30,333 -113 -0.37
S&P BSE Power 1,981 1,986 -5 -0.26
S&P BSE Small Cap
13,522 13,631 -109 -0.80
S&P BSE HC 13,188 13,321 -133 -1.00
Date P/E Div. Yield P/E Div. Yield
5-Nov 27.60 1.15 27.59 1.25
Month Ago 26.43 1.23 25.75 1.34
Year Ago 22.72 1.26 25.33 1.26
Nifty 50 Top 3 Gainers
Company 05-Nov Prev_Day
% Change
#
Bharti Infratel 222 215 3.40
Yes Bank 68 66 3.25
Bajaj Finance 4228 4113 2.79
Nifty 50 Top 3 Losers Domestic News
Company 05-Nov Prev_Day
% Change
#
Zee Ente. 286 296 -3.36
IndusInd Bank 1320 1352 -2.38
Ultratech Cem 4147 4239 -2.15
Advance Decline Ratio
BSE NSE
Advances 989 690
Declines 1505 1147
Unchanged 162 113
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 72430
MF Flows** 55132
*5
th
Nov 2019; **1
st
Nov 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
3.99%
(Sep-19)
3.70%
(Sep-18)
IIP
-1.10%
(Aug-19)
4.80%
(Aug-18)
GDP
5.00%
(Jun-19)
8.00%
(Jun-18)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
06 November 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
4.50%
(May-19)
5.80%
(Mar-19)
Quarter Ago
Inflow/Outflow
-559
81
3.18%
(Jun-19)
• After closing at record highs in the previous session, Indian equity markets
closed in the red amid profit booking. Reports that India has decided not to
join a 16-nation grouping led by China known as the Regional Comprehensive
Economic Partnership (RCEP) weighed on the market sentiment. Losses were
extended after IHS Markit India Services Business Activity Index came in below
50 for the 2nd consecutive month in Oct, thereby indicating contraction.
Further, investors remained concerned over the government’s ability to adhere
to fiscal deficit target.
• However, losses were restricted amid positive global cues on hopes of further
progress in U.S. and China trade talks and reports that U.S. may drop some of
the tariffs it has imposed on imports from China.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.13% and 0.20% to
close at 40,248.23 and 11,917.20, respectively. S&P BSE Mid-Cap and S&P BSE
Small Cap fell 1.13% and 0.80%, respectively.
• The overall market breadth on BSE was weak with 1,505 scrips declining and
989 scrips advancing. A total of 162 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Consumer Durables stood as the major
loser and fell 1.28%, followed by S&P BSE Healthcare that fell 1.00%. S&P BSE
Capital Goods and S&P BSE Metal fell 0.97% and 0.87%, respectively.
• Results of a private survey showed that the India’s service sector activity
declined for the second straight month in Oct 2019. The IHS Markit Services
Purchasing Managers' Index (PMI) continued to remain below 50 as it stood at
49.2 in Oct 2019 as compared to 48.7 in Sep 2019. The Composite PMI Output
Index also subsequently fell to 49.6 in Oct 2019 from 49.8 in Sep 2019.
• Securities and Exchange Board of India has come out with consolidated
operational guidelines for foreign portfolio investors (FPIs) and designated
depository participants (DDPs). Under the new norms, all insurance entities
and funds that belong to FATF (Financial Action Task Force) member countries
will be classified as category-I FPIs. In case of unregulated funds or entity
where the regulated investment manager is from non-FATF member country,
they will be classified as category-II FPIs. An FPI who wants to make a transition
from category-II to I can do so after providing requisite information and
applicable fees to the DDP. SEBI further barred FPIs from issuing offshore
derivative instruments (ODIs) referencing derivatives or to hedge their ODIs
with derivative positions on stock exchanges in India. However, an FPI coming
under category I can do so through a separate FPI registration.
• SEBI revived Aadhaar-based eKYC for mutual funds. This time SEBI did not
specify any upper monetary limit contrary to the previous version of eKYC
which had an investment limit of up to Rs. 50,000. Under the new norms
mutual fund distributors and advisors who are registered with SEBI can
complete the eKYC process by registering themselves with a KYC user agency
(KUA) as a sub-KUA. This KUA would be registered with Unique Identification
Authority of India. Only resident Indians will be eligible for the eKYC process.
Else, an investor will also be able to complete the KYC on a registered or
whitelisted device that is operated by the intermediary using biometric details.
• According to media reports, ICICI Bank has closed sown its project finance
division in Sep 2019 due to lack of fresh demand for loans in the infrastructure
sector.
• Asian markets extended the rally as investors took positive cues from the
latest developments on the U.S.- China trade talks on signing a partial deal.
According to media reports, U.S. is considering dropping tariffs on $112 billion
worth of Chinese imports. Today (as of Nov 6), Asian markets edged higher
with investors awaiting further developments on the U.S.- China trade talks.
Both Nikkei and Hang Seng were trading up 0.86% and 0.14%, respectively (as
at 8.a.m. IST).
• European markets edged higher with investors taking positive cues from the
media reports stating that U.S. is considering dropping tariffs on $112 billion
worth of Chinese imports. However, a mixed series of corporate earning
numbers capped the gains.
• Majority of the U.S. markets dipped marginally as investors waited for more
concrete developments on the U.S.- China trade talks before continuing to buy
stocks following the recent run to record highs. Meanwhile, survey results
showing strong growth in U.S. service sector raised concerns over the outlook
for Fed’s interest rate.
Markets for You
FII Derivative Trade Statistics
05-Nov
(Rs Cr) Buy
Sell Open Int.
Index Futures 3280.17 3081.05 14052.07
Index Options 165894.50 164807.49 53001.52
Stock Futures 13611.85 13882.87 89762.15
Stock Options 4923.25 4896.92 3331.66
Total 187709.77 186668.33 160147.40
05-Nov Prev_Day
Change
Put Call Ratio (OI) 1.34 1.44 -0.10
Put Call Ratio(Vol) 0.98 1.04 -0.05
05-Nov Wk. Ago Mth. Ago
Year Ago
Call Rate 5.04% 5.09% 5.19% 6.41%
T-Repo 4.89% 4.84% 4.81% NA
Repo 5.15% 5.15% 5.15% 6.50%
Reverse Repo 4.90% 4.90% 4.90% 6.25%
91 Day T-Bill 5.02% 5.05% 5.18% 6.90%
364 Day T-Bill 5.24% 5.27% 5.40% 7.43%
10 Year Gilt 6.52% 6.52% 6.46% 7.81%
G-Sec Vol. (Rs.Cr) 30893 19609 64959 11970
FBIL MIBOR* 5.25% 5.25% 5.45% 6.55%
3 Month CP Rate 5.45% 5.65% 6.05% 8.50%
5 Year Corp Bond 7.49% 7.52% 7.38% 8.64%
1 Month CD Rate 5.32% 4.95% 5.24% 6.91%
3 Month CD Rate 5.39% 5.48% 5.41% 7.49%
1 Year CD Rate 5.94% 5.88% 6.23% 8.32%
Currency 05-Nov Prev_Day
Change
USD/INR 70.73 70.68 0.05
GBP/INR 91.11 91.42 -0.31
EURO/INR 78.70 78.93 -0.23
JPY/INR 0.65 0.65 0.00
Commodity 05-Nov Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
56.99 55.29 52.79 63.07
Brent Crude($/bl) 62.86 60.81 60.02 71.77
Gold( $/oz) 1484 1487 1504 1231
Gold(Rs./10 gm) 38565 38630 38151 31739
Source: Thomson Reuters Eikon *As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
06 November 2019
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
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Indian Debt Market
Currency Market Update
Commodity Market Update
International News
• Nifty Nov 2019 Futures stood at 11,956.00, a premium of 38.80 points above
the spot closing of 11,917.20. The turnover on NSE’s Futures and Options
segment rose to Rs. 9,26,573.71 crore on November 05, 2019, compared with
Rs. 8,17,067.63 crore on November 04, 2019.
• The Put-Call ratio stood at 0.95 compared with the previous session’s close of
0.94.
• The Nifty Put-Call ratio stood at 1.34 compared with the previous session’s
close of 1.44.
• Open interest on Nifty Futures stood at 15.78 million, compared with the
previous session’s close of 15.34 million.
• Bond yields increased owing to sharp rise in U.S. Treasury yields. Besides, the
ongoing concerns over a fiscal slippage dampened domestic bond market
sentiments.
• Yield on the new 10-year benchmark paper (6.45% GS 2029) rose 4 bps to
close at 6.52% compared with the previous close of 6.48% after trading in a
range of 6.48% to 6.53%.
• Yield on the old 10-year benchmark paper (7.26% GS 2029) increased 3 bps to
close at 6.72% compared with the previous close of 6.69% after trading in a
range of 6.69% to 6.73%.
• Banks borrowed Rs. 4,210 crore under the central bank’s Marginal Standing
Facility on Nov 4, 2019 compared with borrowings of Rs. 4,030 crore on Nov 1,
2019.
• RBI conducted auction of state development loan of eight state governments
for notified amount of Rs. 8,300 crore. Of the total, Rs. 7,950 crore was
accepted. The cut-off price was in the range of 6.25% to 7.30%, while tenure
lied in between 3 years to 12 years.
• The Indian rupee rose against the U.S. dollar following selling of the
greenback by foreign banks. Hopes that U.S. and China are moving closer to a
partial deal also added to the gains. The rupee rose 0.11% to close at Rs. 70.69
per dollar compared with the previous close of Rs. 70.77.
• Euro fell against the greenback on concerns of a slowdown in the growth of
the euro zone economy. Euro was trading at $1.1074, down 0.47% compared
with the previous close of $1.1126.
• Gold prices plunged as its safe haven appeal dwindled on expectations the
U.S. may drop tariffs on Chinese imports.
• Brent crude prices surged on growing expectations of a U.S -China trade deal
and hopes that U.S. might roll back some of the tariffs it has imposed on
Chinese imports.
• According to a report from the Institute for Supply Management, U.S. non-
manufacturing index surpassed market expectations and grew to 54.7 in Oct
2019 from 52.6 in Sep 2019. The upside was driven by surge in business activity
index that grew to 57.0 in Oct from 55.2 in Sep. New orders index surged to
55.6 from 53.7 in Sep.
• The People's Bank of China has lowered the rate on its one-year medium-term
lending facility by 5 basis points to 3.25% from 3.3%. This marked for the first
time since 2016 when China’s central bank lowered the medium-term lending
rate. It comes amid slowest pace of economic growth in nearly three decades.
• According to a report from IHS Markit, China Caixin composite output index
rose to 52.0 in Oct 2019 from 51.9 in Sep 2019. The services Purchasing
Managers' Index declined to 51.1 from 51.3 in Sep and marked the slowest rise
in services activity in eight months.
Markets for You
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