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16 Oct 2019
Markets for You
Global Indices
Global Indices 15-Oct Prev_Day Abs. Change
% Change
#
Russell 3000 1,313 1,298 15 1.13
Nasdaq 8,149 8,049 100 1.24
FTSE 7,212 7,213 -2 -0.03
Nikkei 22,207 21,799 408 1.87
Hang Seng 26,504 26,522 -18 -0.07
Indian Indices 15-Oct Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,506 38,214 292 0.76
Nifty 50 11,428 11,341 87 0.77
Nifty 100 11,544 11,456 89 0.77
Nifty 500 9,254 9,193 61 0.67
Nifty Bank 28,555 28,182 373 1.32
S&P BSE Power 1,939 1,916 23 1.19
S&P BSE Small Cap
12,774 12,788 -14 -0.11
S&P BSE HC 12,345 12,258 87 0.71
Date P/E Div. Yield P/E Div. Yield
15-Oct 26.73 1.21 26.40 1.31
Month Ago 26.42 1.23 27.23 1.39
Year Ago 22.28 1.29 25.42 1.28
Nifty 50 Top 3 Gainers
Company 15-Oct Prev_Day
% Change
#
Eicher Motors 19199 18328 4.75
Vedanta Limited 154 148 3.86
Zee Ente. 251 243 3.21
Nifty 50 Top 3 Losers Domestic News
Company 15-Oct Prev_Day
% Change
#
Bharti Airtel 384 394 -2.52
Infosys 768 786 -2.26
Bharti Infratel 257 259 -0.96
Advance Decline Ratio
BSE NSE
Advances 1080 855
Declines 1398 955
Unchanged 179 127
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 56814
MF Flows** 55520
*15
th
Oct 2019; **14
th
Oct 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
3.99%
(Sep-19)
3.70%
(Sep-18)
IIP
-1.10%
(Aug-19)
4.80%
(Aug-18)
GDP
5.00%
(Jun-19)
8.00%
(Jun-18)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
16 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
4.50%
(May-19)
5.80%
(Mar-19)
Quarter Ago
Inflow/Outflow
396
6153
3.18%
(Jun-19)
• Indian equity markets added to last session’s gains mainly on the back of
good earnings show by a consumer major and firm global cues. Also, investors
expect the Reserve Bank of India (RBI) to further cut rates.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.76% and 0.32%
to close at 38,506.09 and 11,341.15 respectively. S&P BSE MidCap gained
0.72% and S&P BSE SmallCap lost 0.11%.
• The overall market breadth on BSE was weak with 1,104 scrips advancing and
1,363 scrips declining. A total of 190 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Auto was the major gainer, up 2.36%
followed by S&P BSE Metal, up 1.56% and S&P BSE Bankex, up 1.31%. S&P BSE
Telecom was the major loser, down 2.15% followed by S&P BSE Teck, down
0.8% and S&P BSE IT, down 0.66%.
• Among the 31-stock sensitive Sensex pack, Vedanta was the major gainer, up
3.79%, followed by Mahindra & Mahindra and Hero MotoCorp that grew 2.83%
and 2.63%, respectively. Bharti Airtel was the major loser, down 2.53%,
followed by Infosys and Tata Motors, down 2.27% and 0.67%, respectively.
• Government data showed that India’s trade deficit narrowed to $10.86 billion
in Sep 2019 from $14.95 billion in the same period of the previous year. India’s
trade deficit narrowed as imports fell 13.85% to $36.89 billion in Sep 2019
while exports came down at a comparatively slower rate of 6.57% to $26.03
billion in Sep 2019. Oil imports fell 18.33% to $8.98 billion in Sep from $10.99
billion in the year-ago period. Merchandise exports fell 6.57% to $26.03 billion
in Sep compared with a year earlier.
• The International Monetary Fund (IMF) said India should go for further
monetary policy easing and broad-based structural reforms to reverse a cyclical
demand slowdown. The bank cut its growth projection for the country to 6.1%
in FY20 from its Jul 2019 forecast of 7%. The downward revision of 1.2
percentage points for 2019 and 0.5 percentage point for 2020 reflects a
weaker than expected outlook for domestic demand, IMF said, media reports
showed.
• The Reserve Bank of India (RBI) has issued guidelines on 'on tap' authorisation
of payment systems, including minimum networth criteria for different players.
This has been done to encourage innovation and competition. In a circular, RBI
said it has been decided to offer on-tap authorisation for Bharat Bill Payment
Operating Unit (BBPOU), Trade Receivables Discounting System (TReDS) and
White Label ATMs (WLAs). The payment system operators should ensure
interoperability among different retail payment systems. The authorisation
would be given based on merits of the proposal, and RBI's assessment of
potential for additional entities in that segment.
• The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 1 crore
on Lakshmi Vilas Bank and Rs. 75 lakh on Syndicate Bank for violating asset
classification and fraud detection norms.
• Air India Ltd plans to raise up to Rs. 2,500 crore through a short-term loan
(STL) from domestic lenders by the end of Oct 2019, media report showed.
Proceeds of the loan would be used to repay a portion of the dues the airline
owes its vendors, including oil marketing companies.
• Asian equity markets were mixed as the partial U.S.-China trade deal
announced last week remained vague in the absence of proper details.
Renewed Brexit uncertainty and cautiousness ahead of earnings results from
big U.S. banks dictated market movement. Today (as of Oct 16), Asian markets
opened with caution as the partial U.S.-China trade deal remained clouded.
Both Nikkei and Hang Seng were trading up 1.56% and 0.50%, respectively (as
at 8.a.m. IST).
• European markets gained after a European Union (EU) negotiator said a
Brexit deal was possible. An important meeting between European leaders,
which could decide the fate of Brexit, is underway at a two-day EU summit.
The U.K. is scheduled to leave the EU on Oct 31, 2019, and the U.K. Prime
Minister has said the deadline must be honoured.
• U.S. markets gained after the corporate earnings season started strongly. A
multinational investment bank and financial services behemoth’s third quarter
earnings beat expectations.
Markets for You
FII Derivative Trade Statistics
15-Oct
(Rs Cr) Buy
Sell Open Int.
Index Futures 4148.98 3174.19 12835.10
Index Options 174906.35 174314.93 57559.94
Stock Futures 11827.62 11575.65 88773.95
Stock Options 4541.50 4642.74 4549.13
Total 195424.45 193707.51 163718.12
15-Oct Prev_Day
Change
Put Call Ratio (OI) 1.32 1.18 0.14
Put Call Ratio(Vol) 1.00 0.88 0.12
15-Oct Wk. Ago Mth. Ago
Year Ago
Call Rate 5.05% 5.12% 5.29% 6.32%
T-Repo 4.60% 4.81% 5.28% NA
Repo 5.15% 5.15% 5.40% 6.50%
Reverse Repo 4.90% 4.90% 5.15% 6.25%
91 Day T-Bill 5.08% 5.20% 5.30% 6.85%
364 Day T-Bill 5.34% 5.36% 5.62% 7.50%
10 Year Gilt 6.67% 6.68% 6.64% 7.92%
G-Sec Vol. (Rs.Cr) 34075 27528 54062 21354
FBIL MIBOR* 5.20% 5.21% 5.43% 6.49%
3 Month CP Rate 5.90% 6.05% 5.65% 7.80%
5 Year Corp Bond 7.50% 7.43% 7.51% 8.78%
1 Month CD Rate 4.87% 5.14% 5.36% 6.82%
3 Month CD Rate 5.53% 5.31% 5.38% 7.14%
1 Year CD Rate 6.15% 6.19% 6.23% 8.42%
Currency 15-Oct Prev_Day
Change
USD/INR 71.32 71.02 0.30
GBP/INR 90.41 89.29 1.12
EURO/INR 78.74 78.29 0.45
JPY/INR 0.66 0.66 0.00
Commodity 15-Oct Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
52.76 52.59 54.71 71.79
Brent Crude($/bl) 59.73 59.03 62.14 81.50
Gold( $/oz) 1481 1505 1488 1227
Gold(Rs./10 gm) 38534 38043 37592 31892
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
16 October 2019
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Oct 2019 Futures stood at 11,439.40, a premium of 11.10 points above
the spot closing of 11,428.30. The turnover on NSE’s Futures and Options
segment fell to Rs. 9,30,743.21 crore on October 15, 2019, compared with Rs.
9,49,606.63 crore on October 14, 2019.
• The Put-Call ratio stood at 0.92 compared with the previous session’s close of
0.9.
• The Nifty Put-Call ratio stood at 1.32 compared with the previous session’s
close of 1.18.
• Open interest on Nifty Futures stood at 16.17 million, compared with the
previous session’s close of 15.67 million.
• Bond yields lowered as market participants resorted to value buying. The yield
had initially risen following the release of the country’s retail inflation data of
3.99% for Sep, which is the highest since last year Jul.
• Yield on the 10-year benchmark paper (7.26% GS 2029) declined 1 bps to
6.67% compared with the previous close of 6.68% 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. 3,842 crore (gross) on Oct 15, 2019 compared with
borrowings of Rs. 3,817 crore (gross) on Oct 14, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 24,721 crore on
Oct 14, 2019.
• Banks borrowed Rs. 4,535 crore under the central bank’s Marginal Standing
Facility on Oct 14, 2019 compared with borrowings of Rs. 6,825 crore on Oct
11, 2019.
• The Indian rupee weakened against the U.S. dollar as optimism about the
likelihood of a U.S.-China trade deal waned which led to fears of a global
economic slowdown. The rupee closed at 71.54 a dollar, down 0.44% compared
with the previous close 71.23.
• The euro inched up against the greenback as market participants grew
optimistic following a report that officials were close to a deal for Britain to exit
the European Union. The euro closed at 1.1031, up 0.03% compared with
previous close of 1.1028.
• Gold prices fell as investor risk appetite improved on strong earnings reports
for the quarter ended Sep 2019 that led to gains in the U.S. equity market.
• Brent crude prices rose after the secretary general of the Organization of the
Petroleum Exporting Countries opined that it will adopt necessary action to
sustain oil market stability beyond 2020.
• The International Monetary Fund said the global economy is set to expand at
the slowest pace in a decade in 2019 amid weak manufacturing momentum,
and rising trade and geopolitical tensions. The global lender cut the growth
forecast for this year to 3% from 3.3% projected in Apr 2019 in its latest World
Economic Outlook. The pace of growth this year will be the lowest since 2008-
09 global financial crisis, the report said. The projection for 2020 was lowered
to 3.4% from 3.6% forecast in Apr.
• The Federal Reserve Bank of New York’s report showing a modest
acceleration in the pace of growth in regional manufacturing activity in Oct
2019. The New York Fed’s headline general business conditions index edged up
to 4.0 in Oct after dipping to 2.0 in Sep 2019.
Markets for You
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