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15 Nov 2019
Markets for You
Global Indices
Global Indices 14-Nov Prev_Day Abs. Change
% Change
#
Russell 3000 1,356 1,353 2 0.18
Nasdaq 8,479 8,482 -3 -0.04
FTSE 7,293 7,351 -58 -0.80
Nikkei 23,142 23,320 -178 -0.76
Hang Seng 26,324 26,571 -248 -0.93
Indian Indices 14-Nov Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 40,286 40,116 170 0.42
Nifty 50 11,872 11,840 32 0.27
Nifty 100 12,001 11,981 20 0.17
Nifty 500 9,650 9,634 16 0.17
Nifty Bank 30,750 30,542 208 0.68
S&P BSE Power 1,923 1,935 -12 -0.60
S&P BSE Small Cap 13,344 13,345 -1 -0.01
S&P BSE HC 12,923 12,957 -34 -0.26
Date P/E Div. Yield P/E Div. Yield
14-Nov 26.55 1.16 27.38 1.26
Month Ago 26.63 1.21 26.20 1.32
Year Ago 22.93 1.25 25.43 1.25
Nifty 50 Top 3 Gainers
Company 14-Nov Prev_Day
% Change
#
ICICI Bank 499 486 2.66
Indian Oil 137 134 2.24
Infosys 705 691 2.02
Nifty 50 Top 3 Losers Domestic News
Company 14-Nov Prev_Day
% Change
#
Bharti Infratel 209 218 -4.38
Vedanta 144 148 -2.97
Zee Ente. 282 291 -2.94
Advance Decline Ratio
BSE NSE
Advances 967 711
Declines 1543 1133
Unchanged 172 94
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 83418
MF Flows** 54403
*14
th
Nov 2019; **5
th
Nov 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
4.62%
(Oct-19)
3.38%
(Oct-18)
IIP
-4.30%
(Sep-19)
4.60%
(Sep-18)
GDP
5.00%
(Jun-19)
8.00%
(Jun-18)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
15 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
1.30%
(Jun-19)
5.80%
(Mar-19)
Quarter Ago
Inflow/Outflow
-1425
1519
3.15%
(Jul-19)
• Indian equity markets closed modestly higher. Despite surge in retail inflation
to 16-month high in Oct 2019, hopes that the Reserve Bank of India (RBI) may
further cut interest rates boosted market sentiment. Easing of wholesale
inflation data in Oct 2019 and weak industrial output data for Sep 2019 drove
expectations for a rate cut.
• However, reports that a major credit rating agency has cut India's economic
growth forecast for FY20 restricted the gains. Also, weak global cues amid
China's weak industrial production data for Oct and reports that Germany only
barely avoided a recession in the third quarter 2019 weighed on the market
sentiment.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.42% and 0.27%
to close at 40,286.48 and 11,872.10, respectively. S&P BSE Mid-Cap grew
0.14% and S&P BSE Small Cap fell 0.01%.
• On the BSE sectoral front, S&P BSE Information Technology stood as the
major gainer and grew 1.07%, followed by S&P BSE Consumer Durables that
grew 0.87%. S&P BSE Finance and S&P BSE Bankex grew 0.80% and 0.71%,
respectively. However, S&P BSE Telecom was the major loser that fell 2.76%
followed by S&P BSE Metal that fell 1.98%.
• A major global credit rating agency downgraded its growth forecasts for the
Indian economy to 5.6% for 2019 from 7.4% in 2018. The downgrade comes as
the global credit rating agency is of the view that the measures taken by the
government has not been able to invigorate the widespread weakness in
consumption demand. However, the global credit rating agency forecasted
that economic growth of the country will rise to 6% in 2020 and 6.7% in 2021.
• Government data showed that India’s Wholesale Price Index (WPI) based
inflation slowed to 0.16% in Oct 2019 from 0.33% in the previous month and
5.54% during the same month of the previous year. WPI inflation thus plunged
to its lowest level in more than 3 years. However, the WPI Food Index grew
from 5.98% in Sep 2019 to 7.65% in Oct 2019.
• Capital market regulator Securities and Exchange Board of India (SEBI) has
decided to give more flexibility to stock exchanges so that they can modify
contract specifications for all commodity derivatives contracts. However, such
modifications that the exchanges decided to carry out need to be intimated to
SEBI and market participants at least 10 days in advance.
• For the second quarter ended Sep 2019, Bharti Airtel reported a consolidated
net loss of Rs. 23,044.9 crore as against profit of Rs. 119 crore in quarter
ended Sep 2018. The telecom company's revenue, however, increased in Sep
2019 quarter by 4.90% to Rs. 21,131 crore.
• SpiceJet reported a loss of Rs. 462 crore in the quarter ended Sep 2019, its
first quarterly loss in the current fiscal year, due to higher costs during a
seasonally weak quarter.
• Asian markets witnessed a mixed trend amid worries over the U.S.-China
trade war lingered and weak data from China and Japan. Meanwhile,
slowdown in industrial activity in China boosted expectations that
policymakers will ramp up stimulus to boost a fragile economic recovery, which
in turn provided underlying support. Today (as of Nov 15), Asian markets
opened mixed as investors continue to monitor U.S.-China trade
developments. Both Nikkei and Hang Seng were trading up 0.72% and 0.42%,
respectively (as at 8.a.m. IST).
• European markets fell as trade talks between the U.S. and China seem to hit a
roadblock. However, QoQ growth in euro zone economy for Q3 of 2019, which
came in line with expectation, restricted the fall.
• U.S. markets remained flattish as investors remained worried over persisting
uncertainty around U.S-China trade relations. Decline in the stocks of one of
the major companies following disappointing guidance too dented market
sentiments.
Markets for You
FII Derivative Trade Statistics
14-Nov
(Rs Cr) Buy
Sell Open Int.
Index Futures 3617.89 3789.71 16636.88
Index Options 294384.48 294233.03 52038.55
Stock Futures 12593.78 12981.37 90846.25
Stock Options 5457.42 5532.84 4836.13
Total 316053.57 316536.95 164357.81
14-Nov Prev_Day
Change
Put Call Ratio (OI) 1.09 1.28 -0.20
Put Call Ratio(Vol) 0.86 0.90 -0.04
14-Nov Wk. Ago Mth. Ago
Year Ago
Call Rate 5.07% 5.06% 5.06% 6.34%
T-Repo 4.92% 4.97% 4.59% 6.31%
Repo 5.15% 5.15% 5.15% 6.50%
Reverse Repo 4.90% 4.90% 4.90% 6.25%
91 Day T-Bill 5.05% 5.03% 5.12% 6.90%
364 Day T-Bill 5.14% 5.17% 5.35% 7.32%
10 Year Gilt 6.52% 6.51% 6.48% 7.73%
G-Sec Vol. (Rs.Cr) 32609 20406 28759 42329
FBIL MIBOR* 5.25% 5.25% 5.22% 6.60%
3 Month CP Rate 5.50% 5.60% 6.00% 8.40%
5 Year Corp Bond 7.42% 7.42% 7.55% 8.50%
1 Month CD Rate 5.05% 5.40% 4.95% 6.91%
3 Month CD Rate 5.32% 5.27% 5.06% 7.55%
1 Year CD Rate 5.74% 5.87% 6.17% 8.22%
Currency 14-Nov Prev_Day
Change
USD/INR 72.05 71.70 0.35
GBP/INR 92.43 92.17 0.25
EURO/INR 79.24 78.97 0.26
JPY/INR 0.66 0.66 0.01
Commodity 14-Nov Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
56.52 56.86 53.52 56.11
Brent Crude($/bl) 62.60 62.89 59.45 63.72
Gold( $/oz) 1471 1468 1493 1211
Gold(Rs./10 gm) 38217 38180 38386 30759
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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Indian Debt Market
Currency Market Update
Commodity Market Update
International News
15 November 2019
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Nov 2019 Futures stood at 11,899.65, a premium of 27.55 points above
the spot closing of 11,872.10. The turnover on NSE’s Futures and Options
segment rose to Rs. 31,59,829.83 crore on November 14, 2019, compared with
Rs. 13,70,346.64 crore on November 13, 2019.
• The Put-Call ratio stood at 0.68 compared with the previous session’s close of
0.85.
• The Nifty Put-Call ratio stood at 1.17 compared with the previous session’s
close of 1.09.
• Open interest on Nifty Futures stood at 16.2 million, compared with the
previous session’s close of 16.37 million.
• Bond yields continued to fall as investors were focused on the upcoming policy
review meeting, expecting a policy rate cut. However, the sharp rise in retail inflation
to 4.62% for Oct 2019, which breached the RBI’s target of 4%, restricted gains.
• Yield on the new 10-year benchmark paper (6.45% GS 2029) lowered 1 bps to close
at 6.52% compared with the previous clo se of 6.53% after trading in a range of 6.51%
to 6.54%.
• Yield on the old 10-year benchmark paper (7.26% GS 2029) decreased 2 bps to close
at 6.71% compared with the previous clo se of 6.73% after trading in a range of 6.69%
to 6.74%.
• Banks borrowings under the rep o window of the Li quidity Adjustment Facility (LAF)
stood at Rs. 3,727 crore (gross) on Nov 14, 2019 compared with borrowings of Rs.
6,052 crore (gross) on Nov 13, 2019. Sale of securities under Reserve Bank of India’s
(RBI) reverse repo wi ndow stood at Rs. 14,843 crore on Nov 13, 2019.
• The rupee rose against the greenback for the first time in four sessions
following gains in the domestic equity market on hopes of a trade deal
between U.S. and China amid reports that China was lifting restrictions on
import of poultry meat from the U.S. with immediate effect.
• Euro rose against the greenback as the dollar came under pressure on reports
that the U.S. and China were struggling to finalize a "phase one" trade deal and
as the domestic impeachment inquiry into U.S. President Intensified.
• Gold prices extended the rally as the lack of further clarity on the U.S.- China
trade deal, coupled with concerns about global economic slowdown continued
to boost the safe haven appeal of the bullion.
• Brent crude prices edged higher following a surprise drop in U.S. crude
inventories in the week to Nov 8.
• According to a report from the Labor Department, U.S. initial jobless claims
grew to 225,000 in the week ended Nov 9, 2019, up 14,000 from the previous
week's level of 211,000. Meanwhile, continuing claims fell by 10,000 to 1.683
million in the week ended Nov 2, 2019.
• A report from the Eurostat showed that Eurozone’s third quarter 2019 gross
domestic product came in line with initial expectations and grew 0.2% from the
second quarter. GDP grew 1.2% YoY in the third quarter as against initial
expectations of growth of 1.1%.
Markets for You
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