GlobalIndices 03‐Oct Prev_Day Abs.Change
Russell3000 1,271 1,257 14 1.08
Nasdaq 7,872 7,785 87 1.12
FTSE 7,078 7,123 ‐45 ‐0.63
Nikkei 21,342 21,779 ‐437 ‐2.01
HangSeng 26,110 26,043 68 0.26
IndianIndices 03‐Oct Prev_Day Abs.Change
S&PBSESensex 38,107 38,305 ‐199 ‐0.52
Nifty50 11,314 11,360 ‐46 ‐0.40
Nifty100 11,445 11,498 ‐53 ‐0.46
Nifty500 9,198 9,236 ‐38 ‐0.41
NiftyBank 28,414 28,726 ‐311 ‐1.08
S&PBSEPower 1,910 1,911 0 ‐0.02
S&PBSESmallCap 12,910 12,959 ‐49 ‐0.38
S&PBSEHC 12,342 12,357 ‐15 ‐0.13
Date P/E Div.Yield P/E Div.Yield
3‐Oct 26.71 1.21 26.07 1.32
MonthAgo 25.51 1.28 26.54 1.42
YearAgo 23.15 1.25 26.26 1.24
Company 03‐Oct Prev_Day
YesBank 43 32 32.81
ZeeEnte. 252 233 7.89
BPCL 532 494 7.63
Nifty50Top3Losers DomesticNews
Company 03‐Oct Prev_Day
Vedanta 144 151 ‐4.56
CoalIndia 187 194 ‐3.79
Hindalco 183 190 ‐3.77
Advances 935 702
Declines 1572 1133
Unchanged 144 118
Description(Cr) YTD
FIIFlows* 54348
MFFlows** 53094
YoY(%) Current YearAgo
Sensex Nifty
The government has reduced the interest on House Building Advance
from 8.5% to 7.9% for its employees. This will help boost housing
demand. According to the Union Housing and Urban Affairs Ministry, the
new interest rate has come into force from Oct 1, 2019.
President of World Economic Forum said India now has a significantly
enlarged global profile and the stage is set for the country to realise its
vision of becoming a $5‐trillion economy in the next five years and $10‐
trillion economy in the next decade‐and‐a‐half. He said with the
increasingly strong probability of global growth falling short by at least
one percentage point from projections, the magnitude of the decline is
comparable to the global recession of the early 2000s.
Media reports showed many financial services companies are under the
scanner as they are suspected to have falsely claimed goods and services
tax (GST) input tax credit. Indirect tax officials suspect that some of these
companies may have claimed input tax credit on expenses incurred
before the switchover to the GST regime in Jul 2017. Some brokerages,
banks, insurance companies and non‐banking financial companies are
under scrutiny.
The U.S. said that neither Indian nor American government has stated
that there will be a trade agreement in 'five minutes' but it does not see
any structural reason which might stop both the nations to have a trade
agreement "pretty quickly".
Authority of India (NHAI) to speed up project implementation and meet
its project construction targets, media reports showed. The minister
asked officials to maintain a ‘positive attitude’.
Indian equity markets fell on weak global cues and cautious trade ahead
of the Reserve Bank of India's monetary policy review, scheduled on Oct
4, 2019. The U.S. extended its trade war to Europe as it proposed to
impose tariffs on $7.5 billion worth of goods from the European Union.
Weak U.S. data added to investor woes.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.52% and
0.4% to close at 38,106.87 and 11,314.00, respectively. S&P BSE MidCap
and S&P BSE SmallCap lost 0.3% and 0.38%, respectively.
The overall market breadth on BSE was weak with 935 scrips advancing
and 1,572 scrips declining. A total of 144 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Oil & Gas was the major gainer, up
1.85% followed by S&P BSE Realty, up 1.14% and S&P BSE Energy, up
0.87%. S&P BSE Metal was the major loser, down 3% followed by S&P BSE
Basic Materials, down 1.78% and S&P BSE Telecom, down 1.48%.
Asian equity markets fell after the U.S. deepened trade war concerns by
including Europe in the fold. The U.S. announced imposition of tariffs on
$7.5 billion of goods from the European Union from Oct 18, 2019. Weak
U.S. data also raised investor concern about slowing global growth. Today
the release of U.S. payrolls data for Sep 2019 later in the day. Both Nikkei
and Hang Seng were trading up 0.86% and 0.14%, respectively (as at
8.a.m. IST).
European markets were mixed trying to recover from the U.S.
announcement that it would impose tariffs worth billions on exports from
the European Union. Weak economic data added to investor woes.
U.S. markets gained amid increasing expectations that the Federal
Reserve will cut interest rates in its meeting later in the month. Investors
also awaited the release of other key economic data.
FIIDerivativeTradeStatistics 03‐Oct
(RsCr) Buy Sell OpenInt.
IndexFutures 7355.16 7190.89 13059.48
IndexOptions 422216.09 421106.93 51316.56
StockFutures 17832.16 18562.86 90557.80
StockOptions 7345.35 7367.89 2348.55
Total 454748.76 454228.57 157282.39
03‐Oct Prev_Day Change
PutCallRatio(OI) 1.01 0.96 0.05
PutCallRatio(Vol) 0.79 0.85 0.06
03‐Oct Wk.Ago Mth.Ago YearAgo
CallRate 5.22% 5.34% 5.34% 6.32%
T‐Repo 4.92% 5.18% 5.24% NA
Repo 5.40% 5.40% 5.40% 6.50%
ReverseRepo 5.15% 5.15% 5.15% 6.25%
91DayT‐Bill 5.20% 5.39% 5.39% 7.08%
364DayT‐Bill 5.44% 5.56% 5.68% 7.77%
10YearGilt 6.61% 6.72% 6.52% 8.11%
G‐SecVol.(Rs.Cr) 48134 45294 31532 31813
FBILMIBOR* 5.45% 5.45% 5.45% 6.50%
3MonthCPRate 6.05% 6.00% 5.85% 8.20%
5YearCorpBond 7.44% 7.42% 7.42% 9.03%
1MonthCDRate 5.30% 5.44% 5.27% 6.58%
3MonthCDRate 5.58% 5.78% 5.41% 7.26%
1YearCDRate 6.27% 6.50% 6.49% 8.58%
Currency 03‐Oct Prev_Day Change
USD/INR 71.12 70.91 0.21
GBP/INR 87.42 87.06 0.36
EURO/INR 77.89 77.18 0.72
JPY/INR 0.66 0.65 0.01
Commodity 03‐Oct WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 52.36 56.22 53.86 76.35
BrentCrude($/bl) 58.90 62.97 58.07 85.79
Gold($/oz) 1505 1506 1547 1197
Gold(Rs./10gm) 37919 37622 39007 30997
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Bond yields declined ahead of the monetary policy meeting. The
market is speculating policy rate cut of at least 25 bps. Besides,
upcoming auction of 10‐year bond and drop in crude oil prices also aided
market sentiments.
Yield on the 10‐year benchmark paper (7.26% GS 2029) decreased 5
bps to 6.61% compared with the previous close of 6.66% after trading in
a range of 6.60% to 6.63%.
Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,833 crore (gross) on Oct 3, 2019 compared
with borrowings of Rs. 3,907 crore (gross) on Oct 1, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 43,169 crore on Oct 1, 2019.
Banks borrowed Rs. 895 crore under the central bank’s Marginal
Standing Facility on Oct 1, 2019 compared with borrowings of Rs. 3,290
crore on Sep 30, 2019.
An Institute for Supply Management report showed growth in the U.S.
services sector slowed by more than anticipated in Sep 2019. The ISM
non‐manufacturing index dropped to 52.6 in Sep after climbing to 56.4 in
Aug 2019.
Data from the Organization for Economic Cooperation and
Development showed Inflation in the OECD area slowed in Aug 2019 on
from 2.1% in Jul 2019.
Nifty Oct 2019 Futures stood at 11,361.80, a premium of 47.80 points
above the spot closing of 11,314.00. The turnover on NSE’s Futures and
Options segment rose to Rs. 27,91,988.47 crore on October 03, 2019,
compared with Rs. 18,54,590.62 crore on October 01, 2019.
The Put‐Call ratio stood at 0.7 compared with the previous session’s
close of 0.96.
The Nifty Put‐Call ratio stood at 1.01 compared with the previous
session’s close of 0.96.
Open interest on Nifty Futures stood at 16.78 million, compared with
the previous session’s close of 16.4 million.
The Indian rupee rose against the greenback following selling of the
greenback by foreign banks. However, losses in the domestic equit
market capped the gains. The rupee closed at 70.88 a dollar, up 0.28
compared with the previous close 71.08.
The euro rose against the greenback as the latter weakened on
concerns that weakness in both U.S. manufacturing and service sectors
could lead to a slowdown in the U.S. economy. The euro closed at 1.0978,
up 0.18% compared with previous close of 1.0958.
Gold prices edged higher after U.S. non‐manufacturing index fell to its
lowest level since Aug 2016.
Brent crude prices witnessed marginal gain as expectations for Fed’s
rate cut help offset some of the concerns over disappointing data on U.S.
services activity.
Thank you for
your time.