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31 Oct 2019
Markets for You
Global Indices
Global Indices 30-Oct Prev_Day Abs. Change
% Change
#
Russell 3000 1,331 1,325 6 0.49
Nasdaq 8,304 8,277 27 0.33
FTSE 7,331 7,306 25 0.34
Nikkei 22,843 22,974 -131 -0.57
Hang Seng 26,668 26,787 -119 -0.44
Indian Indices 30-Oct Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 40,052 39,832 220 0.55
Nifty 50 11,844 11,787 57 0.49
Nifty 100 12,003 11,942 61 0.51
Nifty 500 9,648 9,598 49 0.51
Nifty Bank 29,988 29,873 114 0.38
S&P BSE Power 1,982 1,972 10 0.49
S&P BSE Small Cap 13,431 13,384 48 0.36
S&P BSE HC 13,107 13,101 6 0.05
Date P/E Div. Yield P/E Div. Yield
30-Oct 27.19 1.15 27.30 1.26
Month Ago 27.04 1.20 26.44 1.31
Year Ago 21.73 1.32 24.55 1.32
Nifty 50 Top 3 Gainers
Company 30-Oct Prev_Day
% Change
#
GAIL 134 126 6.16
SBI 290 281 3.30
Grasim Indus 735 715 2.83
Nifty 50 Top 3 Losers Domestic News
Company 30-Oct Prev_Day
% Change
#
Bharti Infratel 183 193 -5.15
Yes Bank 57 58 -2.32
Maruti 7557 7721 -2.13
Advance Decline Ratio
BSE NSE
Advances 1380 1030
Declines 1132 792
Unchanged 160 125
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 60957
MF Flows** 57357
*30
th
Oct 2019; **29
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.
31 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
-79
1520
3.18%
(Jun-19)
Indian equity markets gained on optimism that the government could take
additional measures to support the economy. Upbeat corporate earnings also
buoyed sentiment. The index ended above the 40,000 mark, the first time since
Jun 2019.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.55% and 0.49%
to close at 40,051.87 and 11,844.10 respectively. S&P BSE MidCap and S&P BSE
SmallCap gained 0.65% and 0.36% respectively.
The overall market breadth on BSE was strong with 1,380 scrips advancing and
1,132 scrips declining. A total of 161 scrips remained unchanged.
On the BSE sectoral front, S&P BSE IT was the major gainer, up 1.47%
followed by S&P BSE Teck, up 1.35% and S&P BSE Oil & Gas, up 1.31%. S&P BSE
Consumer Durables was the major loser, down 0.98% followed by S&P BSE
Realty, down 0.92% and S&P BSE Metal, down 0.32%.
Among the 31-stock sensitive Sensex pack, SBI was the major gainer, up
3.37%, followed by TCS and ITC that grew 2.63% and 2.43%, respectively. Yes
Bank was the major loser, down 2.41%, followed by Maruti Suzuki India and
IndusInd Bank, down 2.13% and 1.49%, respectively.
According to media reports, the government could soon announce an
amnesty scheme for gold to bring black money used in buying gold. The new
scheme will allow gold hoarders to come clean on investment made using black
money by declaring their possession and paying tax on it. The tax will have to be
paid on entire value of gold declared by an individual that has been purchased
without any receipt. The government is yet to work out the rate of tax, chances
are the rate could be around 30% level with an effective rate of around 33%
including education cess.
The Department for Promotion of Industry and Internal Trade has started an
exercise to relax India’s foreign direct investment rules. The department held
an inter-ministerial meeting to discuss further opening up in sectors, especially
where 100% FDI is not allowed on the automatic route.
Due to late sowing during the monsoon season and excess rains in Sep 2019,
market arrivals of kharif crops barring bajra, moong and sunflower are lower
than a year ago, showed media reports. If the trend continues, the sowing of
key rabi crops like wheat, mustard and chana may get delayed, potentially
bringing down their yield.
Reliance Industries Ltd (RIL) has become the world’s sixth largest energy
entity, leaving behind British oil major BP Plc in terms of market capitalisation.
The rise in market cap is largely because of the conglomerate’s retail and
telecom businesses. RIL touched a market cap of $130.76 billion on Oct 30,
2019, compared with BP Plc’s $128 billion.
PhonePe’s fiscal FY19 losses have increased more than two times to around
Rs. 1907.4 crore because of higher expenses. PhonePe’s losses increased from
around Rs. 791 crore reported in FY18. The Walmart-owned digital payment
startup’s losses have been rising gradually every year.
InterGlobe Aviation Ltd has placed an order for 300 Airbus A320neo family
aircraft worth more than $30 billion at list prices. InterGlobe is the operator of
India’s largest airline. This is Airbus’ largest aircraft order from a single airline
and will take IndiGo’s total number of narrow-body A320neo family aircraft
orders to 730.
Asian equity markets fell as expectations of U.S.-China cracking a partial deal
in Nov 2019 dimmed. Investors fixed their eyes on global central bank
meetings. The U.S. Federal Reserve is expected to cut interest rates by 25 basis
points at its two-day policy meet on Oct 30, 2019. The Bank of Japan will take a
call on whether to take more stimulus measures or maintain status quo. Today
(as of Oct 31), Asian markets were trading higher after the U.S. Federal Reserve
cut interest rates for the third time this year. Both Nikkei and Hang Seng were
trading up 0.28% and 0.69%, respectively (as at 8.a.m. IST).
Majority of the European markets closed on a positive note as investors
remained optimistic ahead of the U.S. Federal Reserve's monetary policy
statement. Buying interest was also impacted by a mixed bag of earning
reports.
U.S. markets edged higher as investors cheered U.S. Federal Reserve’s rate cut
decision in its latest policy meeting. Further, the U.S. central bank Chief said
that Fed will not go for rate hike again until inflation moves higher.
Markets for You
FII Derivative Trade Statistics 30-Oct
(Rs Cr) Buy
Sell Open Int.
Index Futures 11815.37 10572.09 15870.78
Index Options 222902.39 220352.92 59340.83
Stock Futures 41507.39 41280.19 92350.02
Stock Options 6847.46 6840.48 6256.05
Total 283072.61 279045.68 173817.68
30-Oct Prev_Day
Change
Put Call Ratio (OI) 1.48 1.48 0.00
Put Call Ratio(Vol) 1.05 0.97 0.09
30-Oct Wk. Ago Mth. Ago
Year Ago
Call Rate 5.10% 5.06% 5.40% 6.45%
T-Repo 4.82% 4.91% 5.33% NA
Repo 5.15% 5.15% 5.40% 6.50%
Reverse Repo 4.90% 4.90% 5.15% 6.25%
91 Day T-Bill 5.04% 5.08% 5.24% 6.92%
364 Day T-Bill 5.27% 5.28% 5.50% 7.44%
10 Year Gilt 6.49% 6.51% 6.70% 7.83%
G-Sec Vol. (Rs.Cr) 31786 21392 28071 15695
FBIL MIBOR* 5.25% 5.25% 5.45% 6.60%
3 Month CP Rate 5.60% 5.80% 5.85% 8.65%
5 Year Corp Bond 7.52% 7.51% 7.48% 8.73%
1 Month CD Rate 5.19% 4.94% 5.49% 7.06%
3 Month CD Rate 5.48% 5.23% 5.89% 7.52%
1 Year CD Rate 5.90% 5.88% 6.42% 8.36%
Currency 30-Oct Prev_Day
Change
USD/INR 70.99 70.73 0.26
GBP/INR 91.36 90.91 0.45
EURO/INR 78.89 78.44 0.45
JPY/INR 0.65 0.65 0.00
Commodity 30-Oct Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
54.80 55.85 54.04 66.13
Brent Crude($/bl) 59.98 61.36 61.88 75.82
Gold( $/oz) 1495 1492 1472 1223
Gold(Rs./10 gm) 38630 38295 37475 31688
Source: Thomson Reuters Eikon *As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
Indian Debt Market
Currency Market Update
Commodity Market Update
International News
31 October 2019
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Oct 2019 Futures stood at 11,840.20, a discount of 3.90 points below the
spot closing of 11,844.10. The turnover on NSE’s Futures and Options segment
rose to Rs. 14,00,089.13 crore on October 30, 2019, compared with Rs.
12,36,632.72 crore on October 29, 2019.
The Put-Call ratio stood at 0.94 compared with the previous session’s close of
0.83.
The Nifty Put-Call ratio remained unchanged compared with the previous
session’s close of 1.48.
Open interest on Nifty Futures stood at 16.54 million, compared with the
previous session’s close of 17.1 million.
Bond yields eased ahead of the outcome of the U.S. Federal Reserve policy
meeting where the Fed is expected to trim policy rate. In addition, foreign
buying of government bonds also aided the market sentiment.
Yield on the new 10-year benchmark paper (6.45% GS 2029) which is set to
replace the existing benchmark note soon, declined 3 bps to close at 6.49%
compared with the previous close of 6.52% after trading in a range of 6.48% to
6.51%.
Yield on the old 10-year benchmark paper (7.26% GS 2029) declined 2 bps to
close at 6.67% compared with the previous close of 6.69% after trading in a
range of 6.66% to 6.68%.
Banks borrowings under the repo window of the Liquidity Adjustment Facility
(LAF) stood at Rs. 3,832 crore (gross) on Oct 30, 2019 compared with
borrowings of Rs. 3,882 crore (gross) on Oct 29, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 47,574 crore on
Oct 29, 2019.
The Indian rupee inched down against the greenback as concerns over a delay
in the U.S.-China trade deal weighed on the market sentiment. Market
participants also awaited the outcome of the U.S. Federal Reserve monetary
policy review due Oct 30, 2019.
Euro rose against the greenback as the latter came under pressure after the
U.S. Federal Reserve in its monetary policy review cut interest rates for the third
time this year. However, indication by the U.S. Federal Reserve that further rate
cuts in the near-term are unlikely capped the gains.
The Indian rupee inched down against the greenback as concerns over a delay
in the U.S.-China trade deal weighed on the market sentiment.
Euro rose against the greenback as the latter came under pressure after the
U.S. Federal Reserve in its monetary policy review cut interest rates for the third
time this year.
The U.S. Federal Reserve in its monetary policy review lowered interest rates
for the third time in this year as it lowered its benchmark funds rate by 25 basis
points to a range of 1.50% to 1.75%, as expected. However, the U.S. Federal
Reserve indicated that further rate cuts in the near-term are unlikely.
Data from a Commerce Department report, U.S. economic growth slowed
much less than expected in the third quarter. Real gross domestic product
increased 1.9% in the third quarter after climbing 2.0% in the second quarter.
A report by payroll processor ADP showed U.S. private sector employment
increased by slightly more than anticipated in Oct 2019. ADP said private sector
employment climbed by 125,000 jobs in Oct 2019 compared with estimates.
However, the report also showed private sector job growth in Sep 2019 was
downwardly revised to 93,000 from the previously reported addition of 135,000
jobs.
Markets for You
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