GlobalIndices 30‐Sep Prev_Day Abs.Change
Russell3000 1,292 1,283 10 0.74
Nasdaq 7,999 7,940 60 0.75
FTSE 7,408 7,426 ‐18 ‐0.24
Nikkei 21,756 21,879 123 ‐0.56
HangSeng 26,092 25,955 137 0.53
IndianIndices 30‐Sep Prev_Day Abs.Change
S&PBSESensex 38,667 38,823 155 ‐0.40
Nifty50 11,474 11,512 ‐38 ‐0.33
Nifty100 11,613 11,664 ‐50 ‐0.43
Nifty500 9,341 9,396 ‐55 ‐0.58
NiftyBank 29,103 29,877 774 ‐2.59
S&PBSEPower 1,934 1,939 ‐4 ‐0.23
S&PBSESmallCap 13,171 13,332 161 ‐1.21
S&PBSEHC 12,494 12,693 199 ‐1.57
Date P/E Div.Yield P/E Div.Yield
30‐Sep 27.04 1.20 26.44 1.31
MonthAgo 26.25 1.24 27.27 1.39
YearAgo 23.37 1.23 26.44 1.23
Company 30‐Sep Prev_Day
BhartiAirtel 367 349 5.14
HCLTech 1081 1041 3.80
UnitedPhos 604 582 3.76
Nifty50Top3Losers DomesticNews
Company 30‐Sep Prev_Day
YesBank 41 49 ‐15.08
IndusIndBank 1384 1481 6.57
SBI 271 281 ‐3.70
Advances 743 518
Declines 1758 1369
Unchanged 149 85
Description(Cr) YTD
FIIFlows* 56184
MFFlows** 51041
YoY(%) Current YearAgo
Sensex Nifty
Indian equity markets fell in cautious trade as investors awaited
announcement of government’s borrowing plan for the second half of
2019‐20 and release of fiscal deficit data, both due later in the day.
Concern around the bad loans situation in banks added to investor woes.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.4% and
0.33% to close at 38,667.33 and 11,474.45, respectively. S&P BSE MidCap
and S&P BSE SmallCap lost 1.13% and 1.21%, respectively.
The overall market breadth on BSE was weak with 743 scrips advancing
and 1,758 scrips declining. A total of 149 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Telecom was the major gainer, up
3.86%, followed by S&P BSE Teck, up 2.45%, and S&P BSE IT, up 2.33%.
S&P BSE Bankex was the major loser, down 2.64%, followed by S&P BSE
Finance, down 2.4%, and S&P BSE Healthcare, down 1.57%.
Data from the Reserve Bank of India showed that India’s current
account deficit (CAD) widened to $14.3 billion (2.0% of GDP) in Q1FY20
from $ 4.6 billion (0.7% of GDP) in the preceding quarter but narrowed
from $15.8 billion (2.3% of GDP) in the same period of the previous year.
CAD contracted on a yearly basis primarily on account of higher invisible
receipts which stood at $31.9 billion in QYFY20 as compared with $ 29.9
billion in the same period of the previous year.
According to the Reserve Bank of India, the government will be
borrowing Rs. 2.68 lakh crore through government securities during the
period from Oct to Mar of 2019. The government will conduct 17 weekly
auctions during the period of which 15 auctions would be conducted for a
notified amount of Rs. 16,000 crore.
Government data showed that India’s fiscal deficit for the period from
Apr to Aug of 2019 stood at Rs. 5.54 lakh crore or 78.7% of the budget
estimate of FY20 compared to 94.7% in the corresponding period of the
previous year. Revenue receipts during the same period rose to Rs. 6.03
lakh crore or 30.7% of the budget estimate compared to 26.9% in the
corresponding period of the previous year. The capital expenditure stood
at Rs. 1.36 lakh crore or 40.3% of the budget estimate as compared to
44.1% in the corresponding period of the previous year.
Government data showed that the growth of India’s eight infrastructure
sectors contracted 0.5% in Aug 2019 compared to a growth of 2.7% in the
previous month and 4.7% in the same month of the previous year. The
coal sector witnessed the maximum contraction of 8.6% followed by
crude oil and cement sector which contracted 5.4% and 4.9%
respectively. Meanwhile, steel sector witnessed the maximum growth of
5.0% followed by fertilizers and refinery products which grew 2.9% and
2.6% respectively.
Media reports showed Anil Dhirubhai Ambani Group chairman Anil
Ambani said Reliance Capital has decided to exit all lending businesses.
Instead, it will be a financial shareholder in Reliance Home Finance and
Reliance Commercial Finance.
Asian equity markets were mixed as Chinese factory activity data beat
forecasts and the U.S. said reports of curbing U.S. investments in China
were false. Today (as of Oct 1), Asian markets opened higher as investors
await the decision of a central bank in the region. Both Nikkei and Hang
Seng were trading up 0.86% and 0.14%, respectively (as at 8.a.m. IST).
European markets were mostly up as investors stayed focused on
developments in the U.S.‐China trade war.
U.S. markets rose on upbeat Chinese economic data and a government
official denying news that the administration is thinking of blocking
Chinese companies from listing shares on U.S. stock exchanges. The
official said there are no such plans at this time.
FIIDerivativeTradeStatistics 30‐Sep
(RsCr) Buy Sell OpenInt.
IndexFutures 3142.50 3402.06 12341.97
IndexOptions 138212.69 137610.15 43959.82
StockFutures 11935.23 12990.72 91316.37
StockOptions 3897.90 3887.23 1535.04
Total 157188.32 157890.16 149153.20
30‐Sep Prev_Day Change
PutCallRatio(OI) 1.11 1.19 ‐0.08
PutCallRatio(Vol) 0.79 0.96 0.17
30‐Sep Wk.Ago Mth.Ago YearAgo
CallRate 5.40% 5.36% 5.38% 6.51%
T‐Repo 5.33% 5.33% 5.25% NA
Repo 5.40% 5.40% 5.40% 6.50%
ReverseRepo 5.15% 5.15% 5.15% 6.25%
91DayT‐Bill 5.24% 5.37% 5.35% 6.95%
364DayT‐Bill 5.50% 5.55% 5.70% 7.64%
10YearGilt 6.70% 6.75% 6.56% 8.02%
G‐SecVol.(Rs.Cr) 28071 50815 29394 30033
FBILMIBOR* 5.45% 5.45% 5.45% 6.55%
3MonthCPRate 5.85% 5.75% 5.90% 8.15%
5YearCorpBond 7.48% 7.55% 7.54% 9.02%
1MonthCDRate 5.49% 5.46% 5.26% 6.62%
3MonthCDRate 5.89% 5.48% 5.49% 7.43%
1YearCDRate 6.42% 6.39% 6.50% 8.40%
Currency 30‐Sep Prev_Day Change
USD/INR 70.69 70.84 0.15
GBP/INR 86.93 87.33 ‐0.40
EURO/INR 77.33 77.32 0.01
JPY/INR 0.66 0.66 0.00
Commodity 30‐Sep WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 54.04 58.64 55.02 73.11
BrentCrude($/bl) 61.88 65.55 61.13 83.21
Gold($/oz) 1472 1522 1520 1192
Gold(Rs./10gm) 37475 37743 38405 30296
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Nifty Oct 2019 Futures stood at 11,534.60, a premium of 60.15 points
above the spot closing of 11,474.45. The turnover on NSE’s Futures and
Options segment stood at Rs. 9,93,216.12 crore on Sep 30, 2019,
compared with Rs. 6,54,635.74 crore on Sep 27, 2019.
The Put‐Call ratio stood at 0.92 compared with the previous session’s
close of 0.91.
The Nifty Put‐Call ratio stood at 1.11 compared with the previous
session’s close of 1.19.
Open interest on Nifty Futures stood at 15.51 million, compared with
the previous session’s close of 15.33 million.
Bond yields declined amid optimism of policy rate cut in the upcoming
monetary policy meeting. The Monetary Policy Committee is expected to
announce a rate cut in its meeting due on Oct 4, 2019.
Yield on the 10‐year benchmark paper (7.26% GS 2029) decreased 4
bps to 6.70% compared with the previous close of 6.74% after trading in
a range of 6.68% to 6.72%.
Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 7,978 crore (gross) on Sep 30, 2019 compared
with borrowings of Rs. 4,767 crore (gross) on Sep 27, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 55,727 crore on Sep 27, 2019.
Banks borrowed Rs. 48 crore under the central bank’s Marginal
Standing Facility on Sep 27, 2019 compared with borrowings of Rs. 560
crore on Sep 26, 2019.
The Indian rupee fell against the greenback following losses in the
domestic equity market. Dollar purchases by a large corporate and state‐
run bank added to the losses. The rupee closed at 70.87 a dollar, down
0.44% compared with the previous close 70.56.
The euro weakened against the greenback as concerns about euro
zone growth weighed on the common bloc currency. The euro closed at
1.0898, down 0.37% compared with previous close of 1.0938.
Gold prices fell on the back of strength in the U.S. dollar as fears of an
escalation in the U.S.‐China trade eased to some extent.
Brent crude prices fell amid concerns of a slowdown in global growth
after China’s official Purchasing Managers’ Index (PMI) continued to
remain below 50 in Sep 2019.
Survey data from IHS Markit showed China's manufacturing sector
expanded at the fastest pace since early 2018 in Sep 2019 despite
ongoing trade disputes with the U.S. The Caixin factory Purchasing
Managers' Index rose to 51.4 in Sep from 50.4 in Aug 2019.
Figures from the Federal Employment Agency showed Germany's
unemployment unexpectedly dropped in Sep 2019. In the wider euro
zone, the jobless rate fell to its lowest in more than a decade. The
seasonally adjusted number of unemployed decreased by 10,000
persons to 2.276 million.
Flash data from the Federal Statistical Office showed Germany's
consumer price inflation slowed for a second straight month in Sep 2019
to its lowest level in 19 months. The consumer price index rose 1.2% YoY
following a 1.4% increase in Aug 2019.
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