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11 Oct 2019
Markets for You
Global Indices
Global Indices 10-Oct Prev_Day Abs. Change
% Change
#
Russell 3000 1,284 1,278 6 0.50
Nasdaq 7,951 7,904 47 0.60
FTSE 7,186 7,167 20 0.28
Nikkei 21,552 21,456 96 0.45
Hang Seng 25,708 25,683 25 0.10
Indian Indices 10-Oct Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,880 38,178 -298 -0.78
Nifty 50 11,235 11,313 -79 -0.70
Nifty 100 11,345 11,424 -79 -0.69
Nifty 500 9,113 9,178 -65 -0.71
Nifty Bank 28,013 28,786 -772 -2.68
S&P BSE Power 1,915 1,916 -1 -0.04
S&P BSE Small Cap
12,723 12,796 -73 -0.57
S&P BSE HC 12,090 12,089 0 0.00
Date P/E Div. Yield P/E Div. Yield
10-Oct 26.64 1.22 25.95 1.33
Month Ago 26.12 1.25 27.05 1.39
Year Ago 22.33 1.29 25.30 1.28
Nifty 50 Top 3 Gainers
Company 10-Oct Prev_Day
% Change
#
Bharti Airtel 377 359 4.97
Grasim Indus 697 670 3.91
RIL 1363 1325 2.87
Nifty 50 Top 3 Losers Domestic News
Company 10-Oct Prev_Day
% Change
#
IndusInd Bank 1229 1309 -6.12
Yes Bank 41 43 -5.32
GAIL 127 132 -3.60
Advance Decline Ratio
BSE NSE
Advances 858 644
Declines 1591 1188
Unchanged 180 111
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 51308
MF Flows** 55313
*10
th
Oct 2019; **10
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.
11 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
-110
-683
3.05%
(May-19)
• Indian equity markets lost after the non-performing assets (NPA) problem of
banks resurfaced together with economic growth concerns. A major private
sector bank’s gross NPAs increased in the Sep 2019 quarter. A top global rating
agency cut its India’s growth forecast for FY20 citing pronounced slowdown
due to long-lasting factors.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.78% and 0.7% to
close at 37,880.40 and 11,234.55 respectively. S&P BSE MidCap and S&P BSE
SmallCap lost 0.87% and 0.57% respectively.
• The overall market breadth on BSE was weak with 858 scrips advancing and
1,591 scrips declining. A total of 180 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Telecom was the major gainer, up 3.76%,
followed by S&P BSE Energy, up 1.69% and S&P BSE Teck, up 0.24%. S&P BSE
Bankex was the major loser, down 2.61%, followed by S&P BSE Realty, down
2.16% and S&P BSE Finance, down 2.03%.
• The finance minister said the government is giving sector-specific solutions
to fight the slowdown in economic growth. India's GDP has slowed to a six-
year low of 5% for the Jun 2019 quarter. This led to downward revisions in
expectations, including from the Reserve Bank of India which now expects
GDP growth to come down to 6.1% in FY20.
• Government data showed India's rice exports in Aug 2019 fell 29% YoY to
644,249 tonne, government data showed. This happened because of weak
demand from African countries for non-basmati rice, among other factors.
• Media reports showed the government has made a committee of officers to
suggest measures to boost goods services tax (GST) revenue collections and
administration. The terms of reference of the panel include making
suggestions about systemic changes in GST including checks and balances to
prevent misuse and measures to improve voluntary compliance.
• A major global rating agency has cut its 2019-20 growth forecast for India to
5.8% from 6.8% earlier. The firm said the economy was experiencing a
pronounced slowdown partly related to long-lasting factors. Earlier, Asian
Development Bank and the Organisation of Economic Co-operation and
Development lowered FY20 growth forecast for India by 50 basis points and
1.3 percentage points to 6.5% and 5.9%, respectively. The Reserve Bank of
India also slashed its growth projection for the economy by 80 basis points to
6.1% for FY20.
• Media reports showed the ministry of new and renewable energy (MNRE)
said that the deadline for installing 175 giga-watt (GW) of renewable energy is
Dec 31, 2022. The pace of adding renewable generation capacities in FY19
slowed down because of devaluation of the rupee, rising finance costs,
government-mandated tariff caps in reverse auctions and cancellation of
renewable project tenders. In FY19, the country added 8.6 GW against 11.3
GW and 11.8 GW added in FY17 and FY18, respectively. The installed
renewable capacity now is 81.3 GW.
• Asian equity markets were mixed as contradictory reports on the progress of
U.S.-China trade talks made investors tread cautiously. While some media
reports suggested U.S.-China trade talks could collapse midway, the White
House cleared the air on such rumours. Today (as of Oct 11), Asian markets
opened higher on renewed 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 on renewed trade hopes as the U.S. President said
he would meet the Chinese Vice Premier. Investors have got more optimistic of
a trade deal between the two economies after the U.S. President’s message.
• U.S. markets gained after the President said he will meet the Chinese Vice
Premier on Oct 11, 2019. This renewed hopes of the two countries making
progress in their trade negotiations.
Markets for You
FII Derivative Trade Statistics
10-Oct
(Rs Cr) Buy
Sell Open Int.
Index Futures 4593.82 4760.61 12167.42
Index Options 328965.87 328746.25 57914.51
Stock Futures 14231.74 13328.34 89177.09
Stock Options 5294.36 5349.47 3676.95
Total 353085.79 352184.67 162935.97
10-Oct Prev_Day
Change
Put Call Ratio (OI) 1.00 1.20 -0.20
Put Call Ratio(Vol) 0.82 0.87 -0.05
10-Oct Wk. Ago Mth. Ago
Year Ago
Call Rate 5.07% 5.22% 5.32% 6.45%
T-Repo 4.73% 4.92% 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 5.17% 5.20% 5.31% 6.90%
364 Day T-Bill 5.38% 5.44% 5.62% 7.52%
10 Year Gilt 6.69% 6.61% 6.58% 8.03%
G-Sec Vol. (Rs.Cr) 23791 48134 29021 35386
FBIL MIBOR* 5.20% 5.45% 5.45% 6.50%
3 Month CP Rate 6.05% 6.05% 5.80% 7.80%
5 Year Corp Bond 7.53% 7.46% 7.47% 8.84%
1 Month CD Rate 5.02% 5.30% 5.15% 6.82%
3 Month CD Rate 5.29% 5.58% 5.69% 7.04%
1 Year CD Rate 6.21% 6.27% 6.47% 8.45%
Currency 10-Oct Prev_Day
Change
USD/INR 71.05 71.11 -0.06
GBP/INR 86.86 86.79 0.07
EURO/INR 78.05 77.93 0.13
JPY/INR 0.66 0.66 0.00
Commodity 10-Oct Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
53.52 52.36 57.32 73.13
Brent Crude($/bl) 59.97 58.90 63.52 84.16
Gold( $/oz) 1494 1505 1486 1194
Gold(Rs./10 gm) 38361 37919 38254 31021
Source: Thomson Reuters Eikon *As on previous trading day
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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
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Indian Debt Market
Currency Market Update
Commodity Market Update
International News
11 October 2019
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Oct 2019 Futures stood at 11,254.25, a premium of 19.70 points above
the spot closing of 11,234.55. The turnover on NSE’s Futures and Options
segment rose to Rs.25,59,668.78 crore on October 10, 2019, compared with
Rs.15,58,081.67 crore on October 09, 2019.
• The Put-Call ratio stood at 0.67 compared with the previous session’s close of
0.84.
• The Nifty Put-Call ratio stood at 1.00 compared with the previous session’s
close of 1.20.
• Open interest on Nifty Futures stood at 15.65 million, compared with the
previous session’s close of 15.61 million.
• Bond yields rose as market participants preferred to remain on the side-lines
ahead of the release of domestic retail inflation data for Sep 2019 which is due
next week and the outcome of the high-level trade talks between the U.S. and
China.
• Yield on the 10-year benchmark paper (7.26% GS 2029) rose 3 bps to 6.69%
compared with the previous close of 6.66% after trading in a range of 6.67% to
6.69%.
• Banks borrowings under the repo window of the Liquidity Adjustment Facility
(LAF) stood at Rs. 4,391 crore (gross) on Oct 10, 2019 compared with
borrowings of Rs. 4,617 crore (gross) on Oct 9, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 14,930 crore on
Oct 9, 2019.
• Banks borrowed Rs. 4,645 crore under the central bank’s Marginal Standing
Facility on Oct 9, 2019 compared with borrowings of Rs. 5,890 crore on Oct 7,
2019.
• The Indian rupee fell initially against the greenback following losses in the
domestic equity market. However, the losses were neutralized on reports that
U.S. is considering a previously agreed currency pact with China and selling of
the greenback by foreign banks.
• The euro rose against the greenback as market participants remained
optimistic about progress toward a U.S.-China trade deal and agreement on
Britain's exit from the European Union. Hopes of a rate cut by the U.S. Federal
Reserve later during the month further weakened the greenback.
• Gold prices dipped as investors resorted to riskier assets like stocks amid rising
optimism about progress in U.S.-China trade negotiations.
• Brent crude prices slipped below $60 per barrel level following the release of
a report showing an increase in U.S. crude inventories in the week ended Oct 4.
• A Labor Department report showed a modest decrease in first-time claims for
U.S. unemployment benefits in the week ended Oct 5, 2019. Initial jobless
claims dropped to 210,000, a decrease of 10,000 from the previous week's
220,000.
• Office for National Statistics data showed the U.K. economy expanded in
three months to Aug 2019 for the second consecutive time, suggesting it could
avoid a recession ahead of Brexit. Rolling three-month gross domestic product
growth increased to 0.3% from 0.1% in three months to Jul 2019.
Markets for You
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