Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
07 Nov 2019
Markets for You
Global Indices
Global Indices 06-Nov Prev_Day Abs. Change
% Change
#
Russell 3000 1,339 1,339 0 0.00
Nasdaq 8,411 8,435 -24 -0.29
FTSE 7,397 7,388 9 0.12
Nikkei 23,304 23,252 52 0.22
Hang Seng 27,689 27,683 5 0.02
Indian Indices 06-Nov Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 40,470 40,248 222 0.55
Nifty 50 11,966 11,917 49 0.41
Nifty 100 12,104 12,056 48 0.40
Nifty 500 9,721 9,694 27 0.28
Nifty Bank 30,610 30,220 390 1.29
S&P BSE Power 1,983 1,981 2 0.09
S&P BSE Small Cap 13,473 13,522 -49 -0.36
S&P BSE HC 13,231 13,188 43 0.33
Date P/E Div. Yield P/E Div. Yield
6-Nov 27.73 1.14 27.71 1.25
Month Ago 26.43 1.23 25.75 1.34
Year Ago 22.61 1.27 25.32 1.26
Nifty 50 Top 3 Gainers
Company 06-Nov Prev_Day
% Change
#
Cipla 481 468 2.78
ICICI Bank 481 468 2.64
Infosys 712 696 2.33
Nifty 50 Top 3 Losers Domestic News
Company 06-Nov Prev_Day
% Change
#
Titan Industries 1156 1284 -9.95
Bharti Airtel 371 384 -3.26
ONGC 145 146 -1.16
Advance Decline Ratio
BSE NSE
Advances 1207 891
Declines 1298 940
Unchanged 197 113
Institutional Flows (Equity)
Description (Cr) YTD
FII Flows* 72829
MF Flows** 54403
*6
th
Nov 2019; **5
th
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.
07 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
-1425
399
3.18%
(Jun-19)
• Indian equity markets yet again closed at a record high. Commitment from the
finance minister to speed up reforms in the near term boosted market
sentiment. The finance minister stated that government is eager to modify
rules and boost investment in the infrastructure space. Continued foreign fund
inflows supported market sentiment. However, on the global front, investors
preferred to remain on the sidelines as they focused on developments around
the U.S. and China trade deal.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.55% and 0.20% to
close at 40,469.78 and 11,966.05, respectively. S&P BSE Mid-Cap grew 0.15%
andS&PBSESmallCapfell0.36%.
• On the BSE sectoral front, S&P BSE Realty stood as the major gainer and grew
2.59%, followed by S&P BSE Bankex that grew 1.39%. The finance minister
reportedly stated that the government was working with the Reserve Bank of
India to amend existing laws more favorable for the real estate sector. S&P BSE
Finance and S&P BSE Metal grew 1.05% and 0.72%, respectively. However, S&P
BSE Consumer Durables was the major loser that fell 5.30% followed by S&P
BSE Telecom that fell 2.69%.
• The government has created a Rs. 25,000 crore alternative investment fund
(AIF) for affected homebuyers in which the government will contribute Rs.
10,000 crore. The remaining investments will come from institutions like LIC
and the SBI. The fund will also be open to other sovereign funds to add to the
corpus. The move comes as the finance ministry noted that more than 1,600
housing projects are stalled in which 4.58 lakh housing units are stuck in various
stages of completion. The move is expected to provide some relief to the realty
sector which has been in doldrums due to stalled housing projects and slowing
consumption. The finance ministry added that those projects which has been
declared as bad loans by banks and are facing bankruptcy proceedings under
NCLT but has not been referred for liquidation will also be included in the
scheme.
• A major domestic credit rating agency raised its projection for India’s fiscal
deficit to 3.6% of GDP for this fiscal from its earlier projection of 3.4%. This can
be attributed to weak goods and services tax (GST) and corporate income tax
collections resulting from subdued economic growth and reduction in
corporate tax rate.
• A report by the United Nations Conference on Trade and Development
showed that India benefitted about $755 million in additional exports to the
U.S. primarily in chemicals, metals and ore. This can be attributed to the
escalation in trade tensions between U.S. and China. The imposition of tariffs by
U.S. on China made other countries like India competitive in the U.S. market
which led to trade diversion.
• According to media reports, Sun Pharmaceuticals has entered into a licensing
agreement with AstraZeneca UK Ltd to introduce certain novel ready-to-use
infusion oncology products in China.
• According to media reports, the U.S. Food and Drug Administration had issued
Form 483 with 4 observations each for two of its manufacturing facilities, the
first one being the Unit 5 API facility at Pashamailaram and the second one
being at the Unit 8 API facility at Gaddapotharam in Hyderabad.
• According to media reports, Infosys has entered into a six-year digital
transformation deal with U.S.-based mortgage bank Movement Mortgage.
• Asian equity markets were mixed as investors remained cautious over reports
that Beijing wants Washington to stop punitive tariffs under a trade pact. Today
(as of Nov 7), Asian markets opened mixed on overnight U.S.-China trade
developments as the signing of a trade pact seemed to be pushed back. Both
Nikkei and Hang Seng were trading up 0.86% and 0.14%, respectively (as at
8.a.m. IST).
• European markets were slightly higher as investors hunted for further cues on
U.S.-China trade relations and reacted to corporate earnings. Media reports
showed China is insisting on U.S. to roll back tariff hikes before a “phase one”
trade deal is signed.
• U.S. markets were flat as investors looked for direction in U.S.-China trade
relations. The leaders of the two nations may not meet to sign a trade deal until
Dec 2019 as they are yet to decide on the terms and a venue.
Markets for You
FII Derivative Trade Statistics 06-Nov
(Rs Cr) Buy Sell Open Int.
Index Futures 2212.04 2325.67 14475.32
Index Options 186463.55 186855.17 55115.61
Stock Futures 12666.81 12689.54 89199.70
Stock Options 4510.76 4492.48 3597.36
Total 205853.16 206362.86 162387.99
06-Nov Prev_Day Change
Put Call Ratio (OI) 1.44 1.34 0.10
Put Call Ratio(Vol) 0.94 0.98 -0.05
06-Nov Wk. Ago Mth. Ago Year Ago
Call Rate 5.07% 5.10% 5.19% 6.43%
T-Repo 4.93% 4.82% 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 4.97% 5.04% 5.18% 6.93%
364 Day T-Bill 5.21% 5.27% 5.40% 7.42%
10 Year Gilt 6.49% 6.49% 6.46% 7.80%
G-Sec Vol. (Rs.Cr) 36458 31786 64959 15785
FBIL MIBOR* 5.25% 5.25% 5.45% 6.54%
3 Month CP Rate 5.60% 5.60% 6.05% 8.55%
5 Year Corp Bond 7.43% 7.49% 7.38% 8.58%
1 Month CD Rate 5.38% 5.19% 5.24% 7.02%
3 Month CD Rate 5.14% 5.48% 5.41% 7.63%
1 Year CD Rate 5.92% 5.90% 6.23% 8.34%
Currency 11-Dec Prev_Day Change
USD/INR 70.89 70.73 0.16
GBP/INR 91.32 91.11 0.21
EURO/INR 78.51 78.70 -0.19
JPY/INR 0.65 0.65 0.00
Commodity 06-Nov Wk Ago Mth. Ago Year Ago
NYMEX Crude($/bl
)
56.10 54.80 52.79 62.11
Brent Crude($/bl) 62.25 59.98 60.02 69.73
Gold( $/oz) 1490 1495 1504 1226
Gold(Rs./10 gm) 38304 38630 38151 31773
Source: Thomson Reuters Eikon *As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
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sources and which are deemed to be reliable. The information provided cannot be considered as guidelines, recommendations or as a professional guide for the readers. It may be noted that since Reliance Nippon
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Indian Debt Market
Currency Market Update
Commodity Market Update
International News
07 November 2019
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Nov 2019 Futures stood at 12,008.05, a premium of 42.00 points above
the spot closing of 11,966.05. The turnover on NSE’s Futures and Options
segment rose to Rs. 15,54,051.60 crore on November 06, 2019, compared with
Rs. 9,26,573.71 crore on November 05, 2019.
• The Put-Call ratio stood at 0.88 compared with the previous session’s close of
0.95.
• The Nifty Put-Call ratio stood at 1.44 compared with the previous session’s
close of 1.34.
• Open interest on Nifty Futures stood at 16.48 million, compared with the
previous session’s close of 15.78 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) declined 3 bps to
close at 6.49% compared with the previous close of 6.52% after trading in a
range of 6.49% to 6.52%.
• Yield on the old 10-year benchmark paper (7.26% GS 2029) declined 3 bps to
close at 6.69% compared with the previous close of 6.72% after trading in a
range of 6.69% to 6.72%.
• Banks borrowings under the repo window of the Liquidity Adjustment Facility
(LAF) stood at Rs. 3,722 crore (gross) on Nov 6, 2019 compared with borrowings
of Rs. 4,082 crore (gross) on Nov 5, 2019. Sale of securities under Reserve Bank
of India’s (RBI) reverse repo window stood at Rs. 16,543 crore on Nov 5, 2019.
•TheIndianrupeeweakenedagainsttheU.S.dollarforthefirsttimeinfour
sessions due to persistent purchase of the greenback by state run banks.
Upbeat U.S. service sector data for Oct 2019 further strengthened the
greenback.
• Euro inched down against the greenback amid reports that the signing of a
U.S.-China trade deal could be delayed until Dec 2019 as discussions continue
over terms and venue. However, most of the losses were neutralised after
German industrial orders rose more than expected in Sep 2019.
• Gold prices rose as market participants remained sceptical about a
breakthrough in the U.S.-China trade deal which improved the safe-haven
appeal of the bullion.
• Brent crude prices fell after U.S. crude inventories rose by 7.9 million barrels in
the week to Nov 1.
• According to a report from the labor department, U.S. labor productivity
surprisingly fell 0.3% in the third quarter of 2019 as against an upwardly revised
growth of 2.5% (2.3% surge originally reported) in the second quarter of 2019.
The unexpected fall came in as output grew 2.1% as against 2.4% surge in hours
worked.
• According to a report from Destatis, Germany’s factory order surpassed
market expectations and grew 1.3% MoM in Sep as against a decline of 0.4% in
Aug 2019. Domestic orders grew 1.6% and foreign demand surged 1.1%. New
orders from eurozone fell 1.8%, however, it grew 3% from other countries.
• A report from Eurostat showed that eurozone retail sales gained 0.1% MoM in
Sep as against an upwardly revised gain of 0.6% in Aug. Retail sales growth
surged 3.1% YoY in Sep as against a growth of 2.7% in Aug.
Markets for You
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