03Oct2019
MarketsforYou

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GlobalIndices
GlobalIndices 02‐Oct Prev_Day Abs.Change
%Change
#
Russell3000 1,257 1,279 ‐22 ‐1.70
Nasdaq 7,785 7,909 ‐123 ‐1.56
FTSE 7,123 7,360 ‐238 ‐3.23
Nikkei 21,779 21,885 129 ‐0.49
HangSeng 26,043 26,092 NA ‐0.19
IndianIndices 01‐Oct Prev_Day Abs.Change
%Change
#
S&PBSESensex 38,305 38,667 ‐362 ‐0.94
Nifty50 11,360 11,474 ‐115 ‐1.00
Nifty100 11,498 11,613 ‐116 ‐1.00
Nifty500 9,236 9,341 ‐105 ‐1.12
NiftyBank 28,726 29,103 ‐378 ‐1.30
S&PBSEPower 1,911 1,934 ‐24 ‐1.23
S&PBSESmallCap 12,959 13,171 ‐212 ‐1.61
S&PBSEHC 12,357 12,494 ‐136 ‐1.09
Date P/E Div.Yield P/E Div.Yield
1‐Oct 26.66 1.21 26.17 1.32
MonthAgo 26.25 1.24 27.27 1.39
YearAgo 23.47 1.23 26.62 1.22
Nifty50Top3Gainers
Company 01‐Oct Prev_Day
%Change
#
BPCL 494 470 5.06
M&M 557 547 1.75
HDFCBank 1249 1227 1.74
Nifty50Top3Losers DomesticNews
Company 01‐Oct Prev_Day
%Change
#
YesBank 32 41 ‐22.71
ZeeEnte. 233 266 ‐12.18
IndusIndBank 1298 1384 ‐6.18
AdvanceDeclineRatio
BSE NSE
Advances 655 389
Declines 1834 1472
Unchanged 140 87
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 55885
MFFlows** 51041
*1
st
Oct2019;**26
th
Sep2019
EconomicIndicator
YoY(%) Current YearAgo
CPI
3.21%
(Aug‐19)
3.69%
(Aug‐18)
IIP
4.30%
(Jul‐19)
6.50%
(Jul‐18)
GDP
5.00%
(Jun‐19)
8.00%
(Jun‐18)
03October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
3.20%
(Apr‐19)
5.80%
(Mar‐19)
QuarterAgo
Inflow/Outflow
21
‐299
3.05%
(May‐19)
• Indian equity markets fell as weak macroeconomic data and banking
sector woes kept investors under pressure. The country’s core sectors
contracted in Aug 2019 and current account deficit widened in the first
quarter. With new bank frauds getting unearthed, investors are getting
increasingly jittery about the banking sector.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.94% and 1%
to close at 38,305.41 and 11,359.90, respectively. S&P BSE MidCap and
S&P BSE SmallCap lost 1.54% and 1.61%, respectively.
• The overall market breadth on BSE was weak with 655 scrips advancing
and 1,834 scrips declining. A total of 140 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Oil & Gas was the only gainer, up
0.06%. S&P BSE Telecom was the major loser, down 4.53%, followed by
S&P BSE Realty, down 3.88%, and S&P BSE Teck, down 2.2%.
• Nikkei India Manufacturing Purchasing Managers' Index (PMI) for Sep
2019 came in unchanged from the 51.4 posted in Aug 2019 as demand
remained subdued domestically and externally. The slack in demand has
led manufacturers to limit production, lower inventories and reduce input
buying. Sep and Aug have thus marked the lowest level since May 2018.
• A major global rating agency has significantly reduced India’s growth
projection for 2019‐20 to 6.3% from 7.1% estimated earlier. The agency
said it expected a “decent, albeit unspectacular" recovery in 2020‐21 to
7%. It raised alarm over the decline in private consumption growth to
about 3% in the Mar‐Jun quarter.
• The government could rationalise personal income tax rates, according
to media reports. One of the options before the government, said the
report, is to reduce the 20% income tax slab for those having taxable
income between Rs. 5 lakh and Rs. 10 lakh to 10%. Another possibility is
to reduce the tax rate of the highest slab (above Rs. 10 lakh) from 30% to
25%.
• Media reports showed India has drawn up a plan to monetise assets
across sectors to raise about Rs. 90,000 crore in 2019‐20. This might help
the government make up for the revenue loss on account of measures to
boost the economy.
• Media reports showed Bajaj Finance Ltd has surpassed state‐run State
Bank of India (SBI) in terms of market capitalisation for the first time. This
happened as shares of Bajaj Finance have increased more than 50% so far
in 2019.
• According to media reports, Bharti Airtel is looking at the option of
totally selling its stake in its tower infrastructure business to private
equity funds. The company is mulling this to sharpen its focus on its core
business of wireless services.
• Commercial vehicles major Ashok Leyland’s Sep 2019 sales declined
55% compared with sales in the corresponding month in 2018. The
company sold a total of 8,780 units in Sep, down from 19,374 units sold in
Sep 2018.
• Asian equity markets fell as weak manufacturing data from the U.S. and
the eurozone led to global growth concerns. Sentiment was hit on news
that North Korea has fired a submarine‐launched ballistic missile. Today
(as of Oct 3), Asian markets opened lower on trade war concerns as the
U.S. is set to impose tariffs on European Union goods on Oct 18, 2019.
Both Nikkei and Hang Seng were trading up 0.86% and 0.14%,
respectively (as at 8.a.m. IST).
• European markets spiralled down on concerns over slowdown in
economic growth as U.S. manufacturing data slipped to its worse in more
than 10 years. German economic research institutes cutting GDP growth
forecasts for Europe’s largest economy added to the woes.
• U.S. markets declined as the country’s corporate sector started the
fourth quarter earnings season tepidly, adding to growth slowdown
concerns. Also, ISM data showed U.S. manufacturing activity in Sep 2019
fell to its lowest level in more than 10 years.
MarketsforYou
FIIDerivativeTradeStatistics 01‐Oct
(RsCr) Buy Sell OpenInt.
IndexFutures 4889.09 4188.34 11908.01
IndexOptions 196286.48 195262.61 47740.44
StockFutures 14470.86 14652.67 90979.35
StockOptions 4274.88 4297.45 1897.23
Total 219921.31 218401.07 152525.03
01‐Oct Prev_Day Change
PutCallRatio(OI) 1.11 0.96 0.15
IndianDebtMarket
PutCallRatio(Vol) 0.79 0.85 ‐0.06
01‐Oct Wk.Ago Mth.Ago YearAgo
CallRate 5.26% 5.32% 5.38% 6.37%
T‐Repo 5.13% 5.30% 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 5.25% 5.40% 5.35% 6.90%
364DayT‐Bill 5.48% 5.53% 5.70% 7.60%
10YearGilt 6.66% 6.78% 6.56% 7.99%
G‐SecVol.(Rs.Cr) 54358 35197 29394 34997
CurrencyMarketUpdate
FBILMIBOR* 5.52% 5.45% 5.45% 6.60%
3MonthCPRate 5.95% 5.90% 5.90% 8.00%
5YearCorpBond 7.52% 7.55% 7.54% 8.94%
1MonthCDRate 5.47% 5.54% 5.26% 6.78%
3MonthCDRate 5.71% 5.71% 5.49% 7.46%
1YearCDRate 6.40% 6.50% 6.50% 8.35%
CommodityMarketUpdate
Currency 01‐Oct Prev_Day Change
USD/INR 70.91 70.69 0.23
GBP/INR 87.06 86.93 0.13
EURO/INR 77.18 77.33 ‐0.15
InternationalNews
JPY/INR 0.65 0.66 0.00
Commodity 02‐Oct WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 52.62 56.32 55.02 75.11
BrentCrude($/bl) 58.81 63.30 58.74 86.02
Gold($/oz) 1499 1504 1530 1203
Gold(Rs./10gm)^ 37201 37771 38405 30499
Source:ThomsonReutersEikon
*Asonprevioustradingday ^AsonOct1,2019
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
03October2019
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty Oct 2019 Futures stood at 11,429.85, a premium of 69.95 points
above the spot closing of 11,359.90. The turnover on NSE’s Futures and
Options segment fell to Rs. 18,54,590.62 crore on October 01, 2019,
compared with Rs.9,93,216.12 crore on September 30, 2019.
• The Put‐Call ratio stood at 0.96 compared with the previous session’s
close of 0.92.
• The Nifty Put‐Call ratio stood at 0.96 compared with the previous
session’s close of 1.11.
• Open interest on Nifty Futures stood at 16.4 million, compared with
the previous session’s close of 15.51 million.
• Bond yields declined following the announcement of 10‐year note
auction, which lifted investor sentiments. The market is optimistic of a
policy rate cut at the upcoming policy meeting, particularly after the
country’s borrowing plan for the Oct‐Mar period, which came in line with
expectations.
• Yield on the 10‐year benchmark paper (7.26% GS 2029) decreased 4
bps to 6.66% compared with the previous close of 6.70% after trading in
a range of 6.66% to 6.71%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,907 crore (gross) on Oct 1, 2019 compared
with borrowings of Rs. 7,978 crore (gross) on Sep 30, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 59,442 crore on Sep 30, 2019.
• The Indian rupee fell against the greenback following losses in the
domestic equity market.
• The euro rose against the greenback after data showed that U.S.
private sector employment rose less than expected in Sep 2019 which
fuelled concerns of an economic slowdown in the U.S. economy and
weakened the latter.
• Gold prices surged following weaker‐than‐expected hiring by U.S.
private employers in Sep 2019.
• Brent crude prices plunged after data from the Energy Information
Administration showed that U.S. crude supplies rose for a third week in a
row, by 3.1 million barrels for the week ended Sept 27, 2019.
• Payroll processor ADP report showed private sector employment rose
by slightly less than expected in Sep 2019. ADP said private sector
employment climbed by 135,000 jobs in Sep. The report also showed a
significant downward revision to the increase in private sector jobs in
Aug 2019 to 157,000 jobs from the originally reported 195,000 jobs.
• A Institute for Supply Management report showed U.S. manufacturing
activity continued to contract in Sep 2019. The ISM said its purchasing
managers index dropped to 47.8 in Sep from 49.1 in Aug.
MarketsforYou
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