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25 Oct 2019
Markets for You
Global Indices
Global Indices 24-Oct Prev_Day Abs. Change
% Change
#
Russell 3000 1,312 1,303 9 0.71
Nasdaq 8,186 8,120 66 0.81
FTSE 7,328 7,261 68 0.93
Nikkei 22,751 22,625 125 0.55
Hang Seng 26,798 26,567 231 0.87
Indian Indices 24-Oct Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 39,020 39,059 -38 -0.10
Nifty 50 11,583 11,604 -22 -0.19
Nifty 100 11,738 11,762 -24 -0.21
Nifty 500 9,438 9,459 -21 -0.22
Nifty Bank 29,108 29,460 -352 -1.19
S&P BSE Power 1,976 2,001 -25 -1.24
S&P BSE Small Cap 13,204 13,223 -19 -0.14
S&P BSE HC 12,888 12,861 27 0.21
Date P/E Div. Yield P/E Div. Yield
24-Oct 26.86 1.19 26.70 1.29
Month Ago 27.44 1.18 28.49 1.32
Year Ago 21.88 1.31 24.60 1.31
Nifty 50 Top 3 Gainers
Company 24-Oct Prev_Day
% Change
#
Bharti Airtel 372 360 3.33
RIL 1436 1392 3.16
Eicher Motors 21032 20521 2.49
Nifty 50 Top 3 Losers Domestic News
Company 24-Oct Prev_Day
% Change
#
Bharti Infratel 238 259 -8.41
Yes Bank 48 51 -5.66
Grasim Indus 706 743 -5.05
Advance Decline Ratio
BSE NSE
Advances 1072 775
Declines 1383 1030
Unchanged 164 123
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 60039
MF Flows** 57294
*24
th
Oct 2019; **23
rd
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.
25 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
103
-149
3.18%
(Jun-19)
• Indian equity markets closed lower in volatile trade as investors focused on
corporate earnings and Assembly election results in two states. Also, the
telecom sector came under pressure after the Supreme Court upheld the
definition of adjusted gross revenue (AGR) provided by the department of
telecommunications. This means telcos will have to shell out a hefty Rs. 92,000
crore in past dues to the government.
• Key benchmark indices S&P BSE Sensex lost 0.1% and Nifty 50 gained 0.14% to
close at 39,020.39 and 11,604.10, respectively. S&P BSE MidCap and S&P BSE
SmallCap lost 0.39% and 0.14%, respectively.
• The overall market breadth on BSE was weak with 1,078 scrips advancing and
1,378 scrips declining. A total of 163 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Energy was the major gainer, up 1.57%
followed by S&P BSE Realty, up 1.14% and S&P BSE Consumer Durables, up
0.55%. S&P BSE Power was the major loser, down 1.24% followed by S&P BSE
Bankex, down 1.16% and S&P BSE Utilities, down 0.92%.
• The World Bank said China and India have made to the top 10 list of
governments that have improved the most in the past year in the ease of doing
business. Despite a bitter trade war, China has made to the top 10 list for the
second year in a row. India has featured on the most-improved list for the third
year in a row, easing the process of doing business by abolishing filing fees,
lowering the time and cost of seeking construction permits and making trade
easier with port improvements and an improved electronic platform for
submitting documents.
• A major global rating agency has cut India's GDP growth forecast for FY20 to
5.5%. It cited a large credit squeeze arising from shadow banks pushing
economic growth to a six-year low. The agency had in Jun 2019 put India's GDP
growth at 6.6% for FY20. It added that the recent government measures to
boost economy, including a cut in corporate tax rates, will gradually nudge
growth. The projection is lower than 6.1% estimated by the Reserve Bank of
India in early Oct 2019.
• According to media reports, India could announce tax relief for individuals as it
aims to accelerate consumer demand and boost economic growth. The
government is thinking over a proposal to increase the taxable income limits,
especially the Rs. 10 lakh slab, which attracts a 30% rate. The move will be
accompanied by excluding some tax breaks, including the one offered on house
rent payments and interest earned on some bank deposits.
• Maruti Suzuki India Ltd’s Sep 2019 quarter profit decreased 39.35% YoY to Rs.
1,359 crore against Rs. 2,240 crore in the year-ago period. The automaker beat
street estimates. The reduced tax expenditure softened the anticipated steep
decline in Maruti Suzuki’s profit.
• Bandhan Bank’s net profit for the second quarter increased to Rs. 972 crore. It
had posted Rs. 488 crore profit in the corresponding quarter of the previous
year. In view of the merger with Gruh Finance, the figures for the current
quarter are not comparable with the corresponding figures of previous
year/period, the bank said.
• Asian equity markets were mostly higher on upbeat U.S. corporate earnings.
This helped offset concerns around Brexit and the U.S.-China trade war. Today
(as of Oct 25), Asian markets were trading cautiously looking for cues on the
U.S.-China trade and Brexit fronts. Both Nikkei and Hang Seng were trading
down 0.08% and 0.47%, respectively (as at 8.a.m. IST).
• European markets gained on upbeat corporate earnings even though
investors searched for direction in Brexit developments. U.K.’s exit from the
European Union has been pushed back from the Oct 31, 2019, deadline.
• U.S. markets were mostly up as corporate earnings announcements poured in
and investors tried to find a direction. A big tech company posted strong
numbers, while a mining and manufacturing major cut its earnings forecast for
the year.
Markets for You
FII Derivative Trade Statistics 24-Oct
(Rs Cr) Buy
Sell Open Int.
Index Futures 3625.74 3972.12 13432.27
Index Options 257649.89 257076.80 61173.42
Stock Futures 14034.97 13778.07 92918.16
Stock Options 8163.43 8228.41 6778.03
Total 283474.03 283055.40 174301.88
24-Oct Prev_Day
Change
Put Call Ratio (OI) 1.02 1.19 -0.17
Put Call Ratio(Vol) 0.84 0.89 -0.05
24-Oct Wk. Ago Mth. Ago
Year Ago
Call Rate 5.06% 5.04% 5.32% 6.50%
T-Repo 4.89% 4.81% 5.30% 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% 5.00% 5.40% 6.94%
364 Day T-Bill 5.25% 5.35% 5.53% 7.45%
10 Year Gilt 6.69% 6.71% 6.78% 7.87%
G-Sec Vol. (Rs.Cr) 18511 49183 35197 41414
FBIL MIBOR* 5.25% 5.24% 5.45% 6.60%
3 Month CP Rate 5.65% 5.80% 5.90% 8.25%
5 Year Corp Bond 7.52% 7.52% 7.55% 8.81%
1 Month CD Rate 4.92% 4.96% 5.54% 7.20%
3 Month CD Rate 5.44% 5.66% 5.71% 8.38%
1 Year CD Rate 5.85% 5.91% 6.50% 8.37%
Currency 24-Oct Prev_Day
Change
USD/INR 70.93 70.94 0.00
GBP/INR 91.63 91.33 0.31
EURO/INR 78.98 78.92 0.06
JPY/INR 0.65 0.65 0.00
Commodity 24-Oct Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
56.08 53.84 57.17 66.46
Brent Crude($/bl) 62.55 59.89 65.02 78.23
Gold( $/oz) 1503 1492 1532 1234
Gold(Rs./10 gm) 38281 38227 37771 31692
Source: Thomson Reuters Eikon *As on previous trading day
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Indian Debt Market
Currency Market Update
Commodity Market Update
International News
25 October 2019
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Oct 2019 Futures stood at 11,611.15, a premium of 28.55 points above
the spot closing of 11,582.60. The turnover on NSE’s Futures and Options
segment rose to Rs. 28,81,936.54 crore on October 24, 2019, compared with Rs.
12,78,289.90 crore on October 23, 2019.
• The Put-Call ratio stood at 0.73 compared with the previous session’s close of
0.88.
• The Nifty Put-Call ratio stood at 1.02 compared with the previous session’s
close of 1.19.
• Open interest on Nifty Futures stood at 16.52 million, compared with the
previous session’s close of 16.48 million.
• Bond yields rose initially amid concerns over fiscal slippage following increase
in global crude oil prices. However, losses were neutralised after the Reserve
Bank of India issued a sharply-lower-than-scheduled quantum of a new 10-year
note which eased supply concerns in the domestic debt market to some extent.
According to reports, India issued only around Rs. 58 billion of the 6.45% 2029
paper at a debt switch auction, against the planned quantum of up to Rs. 200
billion .
• Yield on the 10-year benchmark paper (7.26% GS 2029) closed unchanged at
6.68% after trading in a range of 6.68% to 6.71%.
• Yield on the 6.45% GS 2029 which is set to replace the existing benchmark
note soon closed unchanged at 6.50% after trading in a range of 6.49% to
6.53%.
• Banks borrowings under the repo window of the Liquidity Adjustment Facility
(LAF) stood at Rs. 4,035 crore (gross) on Oct 24, 2019 compared with
borrowings of Rs. 5,789 crore (gross) on Oct 23, 2019.
• The Indian rupee fell against the U.S. dollar following greenback purchases by
foreign banks and month end dollar demand from oil importers.
• Euro fell against the greenback after the IHS Markit's flash composite
Purchasing Managers' Index of euro zone for Oct 2019 came below market
expectations which fuelled concerns of stagnation in the euro zone economy.
However, further losses were restricted after the European Central Bank chief
opined that the lower possibility of a hard Brexit is positive for the euro zone.
• Gold prices regained its $1500 per ounce level amid strong hopes of rate cut
by the U.S. Federal Reserve .
• Brent crude prices rose after data from the U.S Energy Information
Administration showed domestic crude stockpiles fell by 1.7 million barrels in
the week to Oct 18.
• A Labor Department report showed a modest decrease in first-time claims for
U.S. unemployment benefits in the week ended Oct 19, 2019. The report said
initial jobless claims dipped to 212,000, a decrease of 6,000 from the previous
week's 218,000.
• The European Central Bank left its key interest rates, forward guidance, and
stimulus measures unchanged, as expected, in the final policy session chaired by
the outgoing President. The main refinancing rate was retained at its record low
0% and the deposit rate at -0.50%.
Markets for You
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