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10 Oct 2019
Markets for You
Global Indices
Global Indices 09-Oct Prev_Day Abs. Change
% Change
#
Russell 3000 1,278 1,264 13 1.06
Nasdaq 7,904 7,824 80 1.02
FTSE 7,167 7,143 23 0.33
Nikkei 21,456 21,588 -131 -0.61
Hang Seng 25,683 25,893 -211 -0.81
Indian Indices 09-Oct Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,178 37,532 646 1.72
Nifty 50 11,313 11,126 187 1.68
Nifty 100 11,424 11,239 185 1.64
Nifty 500 9,178 9,041 137 1.52
Nifty Bank 28,786 27,768 1,018 3.67
S&P BSE Power 1,916 1,885 31 1.62
S&P BSE Small Cap
12,796 12,713 83 0.66
S&P BSE HC 12,089 11,976 113 0.94
Date P/E Div. Yield P/E Div. Yield
9-Oct 26.81 1.21 26.13 1.32
Month Ago 26.12 1.25 27.05 1.39
Year Ago 22.01 1.31 24.91 1.30
Nifty 50 Top 3 Gainers
Company 09-Oct Prev_Day
% Change
#
IndusInd Bank 1309 1241 5.45
Bharti Airtel 359 342 5.23
ICICI Bank 437 416 4.95
Nifty 50 Top 3 Losers Domestic News
Company 09-Oct Prev_Day
% Change
#
Yes Bank 43 46 -5.26
Hero Moto 2604 2674 -2.60
Titan Industries Limited 1230 1259 -2.28
Advance Decline Ratio
BSE NSE
Advances 1241 986
Declines 1280 862
Unchanged 178 100
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 51991
MF Flows** 55423
*9
th
Oct 2019; **9
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.
10 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
889
-368
3.05%
(May-19)
• Indian equity markets gained as investors resorted to short covering and
sentiment boosted ahead of the second quarter earnings of a major private
bank and others. The government increasing dearness allowance by 5% also
supported sentiment.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.72% and
1.68% to close at 38,177.95 and 11,313.30, respectively. S&P BSE MidCap and
S&P BSE SmallCap gained 1.38% and 0.66% respectively.
• The overall market breadth on BSE was weak with 1,241 scrips advancing
and 1,280 scrips declining. A total of 178 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Telecom was the major gainer, up 4.92%
followed by S&P BSE Bankex, up 3.67% and S&P BSE Finance, up 2.84%. S&P
BSE IT was the major loser, down 0.92% followed by S&P BSE Consumer
Durables, down 0.35% and S&P BSE Teck, down 0.19%.
• The government has hiked the dearness allowance (DA) to 17% from 12%
effective from Jul 2019. The decision was approved in a cabinet meet chaired
by the Prime Minister. The move will benefit at least 50 lakh government
employees and 65 lakh pensioners. It will cost the exchequer Rs. 16,000 crore
and the increase is based on the recommendations of the 7th Pay
Commission.
• The new International Monetary Fund (IMF) chief has said the largest
emerging market economies like India are experiencing an even "more
pronounced" effect of the global downturn. The chief warned that the global
economy is witnessing "synchronized slowdown" which will result in slower
growth for 90% of the world in 2019. The managing director of IMF said the
widespread deceleration means that growth this year will fall to its lowest
rate since the beginning of the decade.
• The Reserve Bank of India (RBI) has not approved of the merger of Lakshmi
Vilas Bank Ltd with Indiabulls Housing Finance Ltd, media reports showed.
This ends months of uncertainty around the proposed merger.
• The Anil Ambani group has appointed Anmol Ambani (27) and Anshul
Ambani (24), sons of Anil Ambani, as directors on the board of infrastructure
arm RInfra. The company has also appointed retired Army officer Lt Gen Syed
Ata Hasnain as an independent director on the board of the company, the
company said, media reports showed.
• According to media reports, Air India hopes to meet its fund requirements
by raising loans against the government guarantee for Rs. 2,500 crore and
run its business smoothly till the sale process concludes.
• The U.S. Food and Drug Administration (FDA) has issued a warning letter to
Torrent Pharmaceuticals Ltd’s Indrad plant in Gujarat after an inspection of
the facility in Apr 2019, media reports showed.
• Asian equity markets were mostly lower on declining hopes for a U.S.-China
trade dispute resolution. Tensions arose after the U.S. administration put visa
restrictions on Chinese officials and also expanded its trade blacklist to some
of China's top artificial intelligence firms. Today (as of Oct 10), Asian markets
opened lower on dimmed hopes around U.S.-China trade talks. Both Nikkei
and Hang Seng were trading up 0.86% and 0.14%, respectively (as at 8.a.m.
IST).
• European markets went up ahead of the high-level trade negotiations
between U.S. and China, scheduled on Oct 10, 2019. Investors are expecting a
deal to be cracked at the meet that will partially if not fully solve the dispute.
• U.S. markets gained as investors hoped for U.S.-China trade talks to result in
a deal, even if it’s a limited pact. Media reports showed China is ready to
accept a partial trade deal if no more tariffs are imposed by the U.S.
President.
Markets for You
FII Derivative Trade Statistics
09-Oct
(Rs Cr) Buy
Sell Open Int.
Index Futures 3829.78 3219.24 12858.46
Index Options 184434.97 183668.41 53546.45
Stock Futures 11881.12 11496.56 88375.39
Stock Options 4453.58 4492.88 3328.40
Total 204599.45 202877.09 158108.70
09-Oct Prev_Day
Change
Put Call Ratio (OI) 1.20 0.96 0.24
Put Call Ratio(Vol) 0.87 0.81 0.05
09-Oct Wk. Ago Mth. Ago
Year Ago
Call Rate 5.07% 5.26% 5.32% 6.39%
T-Repo 4.86% 5.13% 5.20% NA
Repo 5.15% 5.40% 5.40% 6.50%
Reverse Repo 4.90% 5.15% 5.15% 6.25%
91 Day T-Bill 5.22% 5.25% 5.31% 6.85%
364 Day T-Bill 5.39% 5.48% 5.62% 7.40%
10 Year Gilt 6.66% 6.66% 6.58% 8.08%
G-Sec Vol. (Rs.Cr) 38160 54358 29021 32789
FBIL MIBOR* 5.21% 5.52% 5.50% 6.50%
3 Month CP Rate 6.05% 5.95% 5.80% 7.80%
5 Year Corp Bond 7.50% 7.50% 7.47% 8.96%
1 Month CD Rate 5.07% 5.47% 5.15% 6.87%
3 Month CD Rate 5.31% 5.71% 5.69% 7.01%
1 Year CD Rate 6.22% 6.40% 6.47% 8.37%
Currency 09-Oct Prev_Day
Change
USD/INR 71.11 70.98 0.14
GBP/INR 86.79 87.42 -0.63
EURO/INR 77.93 77.93 0.00
JPY/INR 0.66 0.66 0.00
Commodity 09-Oct Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
52.58 52.62 57.83 74.90
Brent Crude($/bl) 60.59 58.81 63.86 85.50
Gold( $/oz) 1505 1499 1499 1189
Gold(Rs./10 gm) 38179 37201 38254 31049
Source: Thomson Reuters Eikon *As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
10 October 2019
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
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Indian Debt Market
Currency Market Update
Commodity Market Update
International News
• Nifty Oct 2019 Futures stood at 11,162.00, a premium of 35.60 points
above the spot closing of 11,126.40. The turnover on NSE’s Futures and
Options segment fell to Rs. 8,66,676.50 crore on October 07, 2019,
compared with Rs. 9,76,983.06 crore on October 04, 2019.
• The Put-Call ratio stood at 0.85 compared with the previous session’s close
of 0.88.
• The Nifty Put-Call ratio stood at 0.96 compared with the previous session’s
close of 0.97.
• Open interest on Nifty Futures stood at 16.55 million, compared with the
previous session’s close of 16.47 million.
• Bond yields declined as market participants resorted to short covering ahead
of the highly anticipated U.S-China trade talks, which is slated to begin on Oct
10, 2019. Additionally, investors are awaiting the release of domestic retail
inflation data, due next week.
• Yield on the 10-year benchmark paper (7.26% GS 2029) fell 2 bps to 6.66%
compared with the previous close of 6.68% after trading in a range of 6.64% to
6.67%.
• Banks borrowings under the repo window of the Liquidity Adjustment Facility
(LAF) stood at Rs. 4,617 crore (gross) on Oct 9, 2019 compared with borrowings
of Rs. 3,932 crore (gross) on Oct 7, 2019. Sale of securities under Reserve Bank
of India’s (RBI) reverse repo window stood at Rs. 14,887 crore on Oct 7, 2019.
• Banks borrowed Rs. 5,890 crore under the central bank’s Marginal Standing
Facility on Oct 7, 2019 compared with borrowings of Rs. 1,825 crore on Oct 4,
2019.
• The Indian rupee fell against the greenback as market participants preferred
to remain on the sidelines ahead of high-level trade talks between U.S. and
China which is scheduled to begin from Oct 10, 2019. However, gains in the
domestic equity market restricted further losses.
• The euro rose against the greenback on hopes of a breakthrough in U.S-China
trade talks.
• Gold prices inched up on uncertainty over U.S.-China trade talks and Britain’s
exit from the European Union.
• Brent crude prices rose after Turkey launched a military operation against
Kurdish fighters in northeast Syria which fuelled concerns of disruption in rude
production in the region.
• According to the minutes of U.S. Federal Reserve’s meeting, a few participants
at the Fed’s monetary policy meeting in Sep 2019 expressed concerns that the
markets expect more interest rate cuts than are appropriate. The minutes said
those participants felt it might become necessary for the Fed to seek a better
alignment of market expectations regarding the path of rates with
policymakers' own expectations.
• A Commerce Department report showed a modest increase in U.S. wholesale
inventories in Aug 2019. Wholesale inventories edged up 0.2% in Aug, matching
the uptick in Jul 2019.
Markets for You
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