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21 Nov 2019
Markets for You
Global Indices
Global Indices 20-Nov Prev_Day Abs. Change
% Change
#
Russell 3000 1,368 1,373 -5 -0.37
Nasdaq 8,527 8,571 -44 -0.51
FTSE 7,262 7,324 -61 -0.84
Nikkei 23,149 23,293 -144 -0.62
Hang Seng 26,890 27,094 -204 -0.75
Indian Indices 20-Nov Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 40,652 40,470 182 0.45
Nifty 50 11,999 11,940 59 0.49
Nifty 100 12,116 12,055 62 0.51
Nifty 500 9,745 9,702 43 0.44
Nifty Bank 31,354 31,236 118 0.38
S&P BSE Power 1,928 1,933 -6 -0.28
S&P BSE Small Cap 13,414 13,405 10 0.07
S&P BSE HC 13,472 13,207 265 2.01
Date P/E Div. Yield P/E Div. Yield
20-Nov 28.38 1.14 27.23 1.24
Month Ago 27.51 1.17 26.94 1.28
Year Ago 23.41 1.23 25.62 1.25
Nifty 50 Top 3 Gainers
Company 20-Nov Prev_Day
% Change
#
Zee Ente. 307 286 7.40
Sun Pharma 450 426 5.66
IndusInd Bank 1469 1393 5.50
Nifty 50 Top 3 Losers Domestic News
Company 20-Nov Prev_Day
% Change
#
Bharti Infratel 241 251 -3.85
Indian Oil 131 133 -1.58
Kotak Bank 1599 1624 -1.50
Advance Decline Ratio
BSE NSE
Advances 1177 886
Declines 1382 967
Unchanged 198 115
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 80665
MF Flows** 54403
*20
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.
21 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
-626
3.15%
(Jul-19)
• Indian equity markets touched new intra-day highs but pared some of the
gains at the end. India’s leading conglomerate led gains as a foreign broking
house upped the stakes on the stock on reports that the company will hike
tariffs for its telecommunication business. Crude oil prices remaining low and a
decent show by corporates in the second quarter has supported sentiment.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.45% and 0.49%
to close at 40,651.64 and 11,999.10, respectively. S&P BSE MidCap and S&P
BSE SmallCap gained 0.25% and 0.07%, respectively.
• The overall market breadth on BSE was weak with 1,204 scrips advancing and
1,349 scrips declining. A total of 204 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Energy was the major gainer, up 2.1%
followed by S&P BSE Healthcare, up 2.01% and S&P BSE Oil & Gas, up 1.44%.
S&P BSE Realty was the major loser, down 1.36% followed by S&P BSE
Consumer Durables, down 0.58% and S&P BSE Power, down 0.29%.
• Economists at different prominent institutes and agencies have said India’s
economic growth could have hit a new low in the second quarter ended Sep
2019. Early forecasts are showing expansion below 5% between 4.2% to 4.7%.
The government is scheduled to publish the data on Nov. 29. The lender could
sign financing agreements with two railroad operators.
• Public sector banks (PSBs) reported frauds of more than Rs. 95,700 crore in
the first six months of FY20, the finance minister informed the parliament.
Reserve Bank of India (RBI) data showed PSBs reported 5,743 incidents of
fraud involving a total amount of Rs. 95,760.49 crore from Apr 1 to Sep 30,
2019. She added, during the same period, the number of frauds was 1,007,
involving a total amount of Rs 2,509.86 crore.
• Media reports showed the Asian Infrastructure Investment Bank (AIIB) is
planning to invest up to $2.5 billion in urban transport projects. These would
include Metro commuter-rail networks and radial roads, giving a boost to New
Delhi’s Smart City initiative. AIIB is in advanced talks with different nodal
agencies, including Chennai Metro Rail and the Mumbai Metro Rail Corp, the
reports showed.
• According to a draft prepared by the Department for Promotion of Industry
and Internal Trade and Invest India, the government proposes to provide
manufacturers land to set up a factory along with power, water and road
access. India is planning to offer 324 companies incentives to set up factories
in the country to capitalize from the trade war between China and the U.S.
• Union minister said the government is ready with highway projects worth Rs.
15 lakh crore to be offered in next five years. He added that infrastructure
sector could play a mega role in bolstering the economy as it encompasses
areas that can generate huge employment and thrust economic progress.
• Asian equity markets fell after the U.S. President threatened higher tariffs on
Chinese goods if a trade deal is not reached between the two nations. Things
got worse after the U.S. Senate passed a legislation supporting protesters in
Hong Kong, a move condemned by China. Today (as of Nov 21), Asian markets
opened lower as news emerged that the phase one deal between U.S. and
China may not be signed in 2019. Both Nikkei and Hang Seng were trading
down 1.62% and 1.91%, respectively (as at 8.a.m. IST).
• European markets ended lower after the U.S. President threatened to further
raise tariffs on Chinese goods if Beijing does not agree to a trade deal. The
comments came after reports that there is pessimism in China about the
prospect of a “phase one” trade deal.
• U.S. markets fell after a news agency reported that the signing of a partial
trade deal between the U.S. and China could be pushed into 2020 as China is
looking for more extensive tariff rollbacks. The report cited trade experts and
people close to the U.S. administration.
Markets for You
FII Derivative Trade Statistics
20-Nov
(Rs Cr) Buy
Sell Open Int.
Index Futures 2807.19 2870.18 18434.54
Index Options 193738.50 192689.94 56290.40
Stock Futures 11382.48 11597.06 92513.09
Stock Options 5861.66 5756.09 5403.24
Total 213789.83 212913.27 172641.27
20-Nov Prev_Day
Change
Put Call Ratio (OI) 1.58 1.46 0.13
Put Call Ratio(Vol) 1.03 0.93 0.10
20-Nov Wk. Ago Mth. Ago
Year Ago
Call Rate 5.07% 5.09% 5.10% 6.43%
T-Repo 4.97% 4.91% 4.90% 6.46%
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% 5.04% 5.05% 6.77%
364 Day T-Bill 5.14% 5.21% 5.25% 7.26%
10 Year Gilt 6.46% 6.53% 6.52% 7.79%
G-Sec Vol. (Rs.Cr) 54917 30001 24960 29111
FBIL MIBOR* 5.25% 5.25% 5.25% 6.49%
3 Month CP Rate 5.50% 5.50% 5.80% 8.00%
5 Year Corp Bond 7.51% 7.41% 7.55% 8.56%
1 Month CD Rate 5.04% 5.04% 4.94% 6.89%
3 Month CD Rate 5.08% 5.32% 5.67% 7.45%
1 Year CD Rate 5.83% 5.79% 5.86% 8.17%
Currency 19-Nov Prev_Day
Change
USD/INR 71.81 71.71 0.10
GBP/INR 93.09 92.70 0.39
EURO/INR 79.56 79.32 0.25
JPY/INR 0.66 0.66 0.00
Commodity 20-Nov Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
56.66 56.83 53.70 53.34
Brent Crude($/bl) 65.04 62.41 60.50 60.64
Gold( $/oz) 1471 1463 1490 1221
Gold(Rs./10 gm) 38305 38205 38241 30913
Source: Thomson Reuters Eikon *As on previous trading day
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Indian Debt Market
Currency Market Update
Commodity Market Update
International News
21 November 2019
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Nov 2019 Futures stood at 12,018.15, a premium of 19.05 points above
the spot closing of 11,999.10. The turnover on NSE’s Futures and Options
segment rose to Rs. 12,82,511.64 crore on November 20, 2019, compared with
Rs. 9,85,924.89 crore on November 19, 2019.
• The Put-Call ratio stood at 0.95 compared with the previous session’s close of
0.87.
• The Nifty Put-Call ratio stood at 1.58 compared with the previous session’s
close of 1.46.
• Open interest on Nifty Futures stood at 16.26 million, compared with the
previous session’s close of 16.78 million.
• Bond yields continued to fall tracking the decline in global crude oil prices.
Besides, expectations of a sixth consecutive rate cut by the Monetary Policy
Committee in Dec 2019 also added to the gains.
• Yield on the new 10-year benchmark paper (6.45% GS 2029) lowered 2 bps to
close at 6.46% compared with the previous close of 6.48% after trading in a
range of 6.46% to 6.48%.
• Yield on the old 10-year benchmark paper (7.26% GS 2029) decreased 2 bps to
close at 6.61% compared with the previous close of 6.63% after trading in a
range of 6.60% to 6.62%.
• Banks borrowings under the repo window of the Liquidity Adjustment Facility
(LAF) stood at Rs. 4,068 crore (gross) on Nov 20, 2019 compared with
borrowings of Rs. 3,667 crore (gross) on Nov 19, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 12,984 crore on
Nov 19, 2019.
• The rupee weakened against the greenback following dollar purchases by the
state-run banks. However, gains in the domestic equity market restricted
further losses. The rupee fell 0.15% to close at Rs. 71.81 per dollar compared
with the previous close of Rs. 71.71.
• Euro inched down against the greenback as the safe haven appeal of the
latter improved amid worries over renewed trade tensions between U.S. and
China. Euro was trading at $1.1072, down 0.05% compared with the previous
close of $1.1078.
• Gold prices traded flat as investors continued to track the developments on
the U.S.- China trade deal.
• Brent crude prices surged following Russian President’s indication that
Moscow will support OPEC in its efforts on production cuts.
• Federal Reserve's Oct 2019 monetary policy meeting minutes showed the
decision to remove the "act as appropriate" language from the statement was
seen as consistent with the view that the current stance of monetary policy was
likely to remain appropriate as long as the economy performed broadly in line
with the Fed's expectations, thus rates are widely expected to remain
unchanged.
• The European Central Bank in its Financial Stability Review said the euro area
financial stability environment remains challenging and non-banks have
increased their exposure to riskier assets to address profitability challenges.
Markets for You
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