Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
07 Oct 2019
Markets for You
Global Indices
Global Indices 04-Oct Prev_Day Abs. Change
% Change
#
Russell 3000 1,289 1,271 19 1.47
Nasdaq 7,982 7,872 110 1.40
FTSE 7,155 7,078 78 1.10
Nikkei 21,410 21,342 68 0.32
Hang Seng 25,821 26,110 -289 -1.11
Indian Indices 04-Oct Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,673 38,107 -434 -1.14
Nifty 50 11,175 11,314 -139 -1.23
Nifty 100 11,303 11,445 -141 -1.24
Nifty 500 9,092 9,198 -107 -1.16
Nifty Bank 27,732 28,414 -682 -2.40
S&P BSE Power 1,901 1,910 -9 -0.47
S&P BSE Small Cap
12,809 12,910 -102 -0.79
S&P BSE HC 12,274 12,342 -67 -0.55
Date P/E Div. Yield P/E Div. Yield
4-Oct 26.43 1.23 25.75 1.34
Month Ago 25.78 1.27 26.61 1.42
Year Ago 22.58 1.28 25.63 1.27
Nifty 50 Top 3 Gainers
Company 04-Oct Prev_Day
% Change
#
ONGC 130 128 1.13
Infosys 793 786 1.00
TCS 2079 2060 0.93
Nifty 50 Top 3 Losers Domestic News
Company 04-Oct Prev_Day
% Change
#
Zee Ente. 237 252 -5.84
Ultratech Cem 3980 4147 -4.03
Grasim Indus 654 680 -3.72
Advance Decline Ratio
BSE NSE
Advances 953 671
Declines 1664 1178
Unchanged 248 98
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 53237
MF Flows** 53820
*4
th
Oct 2019; **4
th
Oct 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)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
07 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
31
-1112
3.05%
(May-19)
• Indian equity markets fell even as the Reserve Bank of India (RBI) cut its key
policy rate by 25 basis points. Investors got worried over the economy as RBI
slashed its growth forecast for 2019-20 to 6.1% from 6.9%. The central bank
said domestic demand conditions remained weak amid subdued prospects
for exports.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 1.14% and 1.23%
to close at 37,673.31 and 11,174.75, respectively. S&P BSE MidCap and S&P
BSE SmallCap lost 0.94% and 0.79%, respectively.
• The overall market breadth on BSE was weak with 953 scrips advancing and
1,664 scrips declining. A total of 248 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE IT was the major gainer, up 0.74%
followed by S&P BSE Teck, up 0.32%. S&P BSE Bankex was the major loser,
down 2.45% followed by S&P BSE Consumer Durables, down 2.1% and S&P
BSE Capital Goods, down 1.95%.
• The IHS Markit Services Purchasing Managers' (PMI) fell to a 19-month low
of 48.7 in Sep 2019 from 52.4 in Aug 2019. The Composite PMI Output Index
also subsequently fell and contracted for the first time in 19 months from
52.6 in Aug 2019 to 49.8 in Sep 2019. The services PMI fell as sales and
business activity contracted in Sep 2019.
• The Monetary Policy Committee (MPC) lowered key policy repo rate by 25
bps from 5.40% to 5.15% in its fourth bi-monthly monetary policy review. The
key policy repo rate thus stands at its lowest level in nine years. This is the
fifth consecutive rate cut by the MPC in this calendar year. MPC has thus
lowered key policy repo rate by 135 bps in 2019. The MPC retained its
accommodative stance on the monetary policy and will continue to do as
long as it is necessary to revive growth with retail inflation remaining within
its medium -term target.
• MPC noted that domestic demand has remained subdued. It also observed
that continued trade tensions coupled with concerns of slowdown in global
growth have hurt the export prospects of the economy. With domestic
inflationary pressures expected to remain within its medium-term target for
the rest of FY20, the MPC cut interest rates to give a boost to the domestic
demand which would help in restoring the growth momentum of the
country.
• MPC downgraded the growth projections of the Indian economy to 6.1% for
FY20 from its earlier projection of 6.9%. For Q2FY20, MPC projected the
growth of the Indian economy at 5.3%, while the growth projections of the
Indian economy for the second half of FY20 was lowered to 6.6%-7.2% from
the earlier projection of 7.3%-7.5%. Similarly, the growth projections for
Q1FY21 was lowered to 7.2% from the earlier projection of 7.4%.
• Asian equity markets were mixed as on the one hand optimism prevailed
that the U.S. Federal Reserve will cut interest rates. On the other,
cautiousness was seen ahead of the release of U.S. Labor Department's
monthly jobs report for Sep 2019, scheduled later in the day. Today (as of Oct
7), Asian markets traded mixed ahead of U.S.-China trade talks expected later
in the week. Both Nikkei and Hang Seng were trading lower 0.26% and
1.11%, respectively (as at 8.a.m. IST).
• European markets went up as a U.S. jobs report showed employment grew
steadily and the jobless rate touched a 50-year low. The healthy report eased
global growth slowdown fears.
• U.S. markets gained as the Labor Department’s jobs report fulfilled
investors’ expectations. The unemployment rate came in at a 50-year low.
The report eased recession fears, but also kept hopes that the Federal
Reserve will cut rates later this month alive.
Markets for You
FII Derivative Trade Statistics
04-Oct
(Rs Cr) Buy
Sell Open Int.
Index Futures 4242.49 5305.02 13320.25
Index Options 482875.95 479969.23 45769.53
Stock Futures 13339.80 13243.03 90682.27
Stock Options 4685.04 4725.00 2747.86
Total 505143.28 503242.28 152519.91
04-Oct Prev_Day
Change
Put Call Ratio (OI) 0.97 1.01 -0.03
Put Call Ratio(Vol) 0.85 0.83 0.02
04-Oct Wk. Ago Mth. Ago
Year Ago
Call Rate 5.19% 5.24% 5.35% 6.32%
T-Repo 4.81% 5.18% 5.22% NA
Repo 5.15% 5.40% 5.40% 6.50%
Reverse Repo 4.90% 5.15% 5.15% 6.25%
91 Day T-Bill 5.18% 5.30% 5.37% 7.09%
364 Day T-Bill 5.40% 5.52% 5.67% 7.73%
10 Year Gilt 6.69% 6.74% 6.55% 8.16%
G-Sec Vol. (Rs.Cr) 64959 44214 33606 27393
FBIL MIBOR* 5.45% 5.45% 5.45% 6.49%
3 Month CP Rate 6.05% 5.95% 5.85% 8.40%
5 Year Corp Bond 7.38% 7.52% 7.37% 9.07%
1 Month CD Rate 5.24% 5.55% 5.19% 7.13%
3 Month CD Rate 5.41% 5.79% 5.63% 7.38%
1 Year CD Rate 6.23% 6.45% 6.49% 8.59%
Currency 04-Oct Prev_Day
Change
USD/INR 70.87 71.12 -0.25
GBP/INR 87.52 87.42 0.10
EURO/INR 77.78 77.89 -0.11
JPY/INR 0.66 0.66 0.00
Commodity 04-Oct Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
52.79 55.90 56.17 74.39
Brent Crude($/bl) 60.02 63.37 60.92 86.41
Gold( $/oz) 1504 1497 1552 1199
Gold(Rs./10 gm) 38151 37481 39011 31057
Source: Thomson Reuters Eikon *As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have been obtained from independent third party
sources and which are deemed to be reliable. The information provided cannot be considered as guidelines, recommendations or as a professional guide for the readers. It may be noted that since Reliance Nippon
Life Asset Management Company Limited (RNLAM) (formerly Reliance Capital Asset Management Limited) has not independently verified the accuracy or authenticity of such information or data, or for that matter
the reasonableness of the assumptions upon which such data and information has been processed or arrive data; RNLAM does not in any manner assures the accuracy or authenticity of such data and information.
Some of the statements & assertions contained in these materials may reflect RNLAM’s views or opinions, which in turn may have been formed on the basis of such data or information. The Sponsor(s), the
Investment Manager, the Trustee or any of their respective directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of
such data or information. Whilst no action has been solicited based upon the information provided herein, due care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable, to
the extent possible. This information is not intended to be an offer or solicitation for the purchase or sale of any financial product or instrument. Recipients of this information should rely on information/data arising
out of their own investigations. Before making any investments, the readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision. None of
the Sponsor(s), the Investment Manager, the Trustee, their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or
exemplary damages, including on account of lost profits arising from the information contained in this material.
Readers are requested to click here for ICRON disclaimer - http://www.icraonline.com/legal/standard-disclaimer.html
Indian Debt Market
Currency Market Update
Commodity Market Update
International News
07 October 2019
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Oct 2019 Futures stood at 11,215.15, a premium of 40.40 points
above the spot closing of 11,174.75. The turnover on NSE’s Futures and
Options segment fell to Rs.9,76,983.06 crore on October 04, 2019, compared
with Rs. 27,91,988.47 crore on October 03, 2019.
• The Put-Call ratio stood at 0.88 compared with the previous session’s close
of 0.70.
• The Nifty Put-Call ratio stood at 0.97 compared with the previous session’s
close of 1.01.
• Open interest on Nifty Futures stood at 16.47 million, compared with the
previous session’s close of 16.78 million.
• Bond yields fell initially after the Monetary Policy Committee announced 25
basis points rate cut in the meeting. However, the trend reversed later as
investors booked profits after the policy announcement.
• Yield on the 10-year benchmark paper (7.26% GS 2029) rose 8 bps to 6.69%
compared with the previous close of 6.61% after trading in a range of 6.58% to
6.69%.
• Banks borrowings under the repo window of the Liquidity Adjustment Facility
(LAF) stood at Rs. 3,832 crore (gross) on Oct 4, 2019 compared with borrowings
of Rs. 3,833 crore (gross) on Oct 3, 2019. Sale of securities under Reserve Bank
of India’s (RBI) reverse repo window stood at Rs. 40,548 crore on Oct 3, 2019.
• Banks borrowed Rs. 619 crore under the central bank’s Marginal Standing
Facility on Oct 3, 2019 compared with borrowings of Rs. 895 crore on Oct 1,
2019.
• The Indian rupee rose initially against the greenback as the latter weakened
following weak U.S. data. However, the gains were erased amid decline in
domestic equity market. The rupee closed at 70.88 a dollar, same as previous
day close.
• The euro rose against the greenback as the latter weakened amid concerns
over political risk in the U.S. and ongoing trade talks with China. The euro closed
at 1.0976, up 0.11% compared with previous close of 1.0964.
• Gold prices remained almost steady. Bets that the U.S. Fed would cut interest
rates aggressively in 2019 got tempered following reports that unemployment
rate fell to near a 50-year low.
• Brent crude prices witnessed gains following reports from U.S. labor
department.
• A Labor Department report showed U.S. employment increased by less than
expected in Sep 2019. The report also showed the unemployment rate
unexpectedly dropped to a nearly 50-year low. Non-farm payroll employment
rose by 136,000 jobs in Sep.
• Germany's construction sector expanded modestly in September, led by a
growth in housing activity that offset slower declines in commercial and civil
engineering, survey data from IHS Markit showed on Friday.
Markets for You
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
Thank you for
your time.
