06 Sep 2019
Markets for You
Global Indices
Global Indices 05-Sep Prev_Day Abs. Change
% Change
#
Russell 3000 1,314 1,295 20 1.52
Nasdaq 8,117 7,977 140 1.75
FTSE 7,271 7,311 -40 -0.55
Nikkei 21,086 20,649 437 2.12
Hang Seng 26,516 26,523 -8 -0.03
Indian Indices 05-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,644 36,725 -80 -0.22
Nifty 50 10,848 10,845 3 0.03
Nifty 100 10,975 10,964 11 0.10
Nifty 500 26,920 27,124 -204 -0.75
Nifty Bank 26,920 27,124 -204 -0.75
S&P BSE Power 1,885 1,855 30 1.62
S&P BSE Small Cap 12,496 12,406 90 0.72
S&P BSE HC 12,916 12,773 142 1.11
Date P/E Div. Yield P/E Div. Yield
5-Sep 25.80 1.26 26.67 1.41
Month Ago 25.25 1.27 26.76 1.36
Year Ago 24.35 1.17 27.90 1.17
Nifty 50 Top 3 Gainers
Company 05-Sep Prev_Day
% Change
#
Tata Motors 118 110 7.81
Tata Steel 345 339 1.74
Bharti Airtel 348 346 0.58
Nifty 50 Top 3 Losers Domestic News
Company 05-Sep Prev_Day
% Change
#
Indiabulls HFC 448 458 -2.26
Tech Mahindra 695 703 -1.11
IndusInd Bank 1308 1318 -0.72
Advance Decline Ratio
BSE NSE
Advances 1451 1161
Declines 989 640
Unchanged 145 110
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 44788
MF Flows** 41372
*5
th
Sep 2019; **3
rd
Sep 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
3.15%
(Jul-19)
4.17%
(Jul-18)
IIP
2.00%
(Jun-19)
7.00%
(Jun-18)
GDP
5.00%
(Jun-19)
8.00%
(Jun-18)
06 September 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
0.20%
(Feb-19)
6.60%
(Dec-18)
Quarter Ago
Inflow/Outflow
962
-1260
2.99%
(Apr-19)
• Indian equity markets were mixed as investors remained worried over
the weak economy and awaited additional steps from the government to
improve the situation.
• Key benchmark indices S&P BSE Sensex lost 0.22% and Nifty 50 gained
0.03% to close at 36,644.42 and 10,847.90, respectively. S&P BSE MidCap
and S&P BSE SmallCap gained 0.15% and 0.72%, respectively.
• The overall market breadth on BSE was strong with 1,451 scrips
advancing and 989 scrips declining. A total of 145 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Oil & Gas was the major gainer, up
2.47%, followed by S&P BSE Metal, up 2.42%, and S&P BSE Auto, up
2.13%. S&P BSE Realty was the major loser, down 1.77%, followed by S&P
BSE Finance, down 0.99%, and S&P BSE Bankex, down 0.91%.
• The government has clarified that it will not ban conventional internal
combustion engine-driven vehicles to promote electric vehicles. Union
minister for road transport and highways added that the government is
looking at reducing taxes on hybrids to boost demand in the short term.
He also said that there is no deadline for shifting to electric vehicles. The
government had initially shown a very aggressive approach towards
promoting electric vehicles, which had upset the industry and led to fears
of a deeper crisis. The auto industry is struggling with slowing demand.
• The Reserve Bank of India (RBI) has told banks to link interest rates on
loans to retail and small business borrowers to an external benchmark
from Oct 1, 2019. This will help in effective downward transmission of
RBI’s policy rate cuts. Banks can link loans to other segments of
borrowers as well, RBI said. For borrowers, this will result in faster
transmission during both rise and fall of interest rates.
• According to the Society of Indian Automobile Manufacturers (SIAM)
president, A million contractual manufacturing jobs are at risk due to the
consumption slowdown. The slowdown has forced the value-chain
operators to cut production and workforce. According SIAM data,
passenger vehicle sales in Jul 2019 fell 31% to 200,790 vehicles, the worst
sales performance since a 35% decline in Dec 2000.
• The Prime Minister has launched 'Act Far East' policy and asserted that
India will support Russia in its development of the Far East. He
announced $1 billion line of credit for the development of the resource-
rich region.
• Media reports showed Russia has launched the third export line at its
largest coal terminal in the Far East region. The first cargo was loaded for
an Indian company, Vostochny Port said. Russia and India are forging
closer ties and targeting $30 billion of annual trade by 2025.
• Asian equity markets were broadly high as investors were at ease on
diminishing political tensions in Hong Kong and Britain. News that the
U.S. and China will hold ministerial-level trade talks in Washington in
early Oct 2019 also buoyed sentiment. Today (as of Sep 6), Asian markets
were higher as investors awaited U.S. nonfarm payrolls data, scheduled
to be out later in the day. Both Nikkei and Hang Seng were trading up
0.67% and 0.80%, respectively (as at 8.a.m. IST).
• European markets moved up following news of U.S.-China restarting
high-level trade talks in Oct 2019 and progress for U.K. lawmakers trying
to stop a no-deal Brexit.
• U.S. markets gained as reports appeared saying China and the U.S. have
agreed to hold trade talks at the ministerial level in early Oct 2019. The
two countries had put fresh tariffs on each other’s imports starting from
Sep 1. The sign of them going back to discussions at a high level are a
positive sign.
Markets for You
FII Derivative Trade Statistics 05-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 5678.11 4639.55 11329.55
Index Options 307752.32 308893.64 58404.61
Stock Futures 11566.56 11490.24 87008.53
Stock Options 5093.65 5067.09 2870.94
Total 330090.64 330090.52 159613.63
05-Sep Prev_Day
Change
Put Call Ratio (OI) 1.01 1.08 -0.07
Indian Debt Market
Put Call Ratio(Vol) 0.83 0.79 0.04
05-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 5.35% 5.37% 5.56% 6.31%
T-Repo 5.20% 5.25% 5.56% NA
Repo 5.40% 5.40% 5.75% 6.50%
Reverse Repo 5.15% 5.15% 5.50% 6.25%
91 Day T-Bill 5.33% 5.34% 5.60% 6.78%
364 Day T-Bill 5.67% 5.70% 5.80% 7.35%
10 Year Gilt 6.58% 6.55% 6.39% 8.05%
G-Sec Vol. (Rs.Cr) 27501 40974 46833 42961
Currency Market Update
FBIL MIBOR* 5.45% 5.45% 5.75% 6.45%
3 Month CP Rate 5.85% 5.90% 6.05% 7.65%
5 Year Corp Bond 7.39% 7.75% 7.82% 8.80%
1 Month CD Rate 5.14% 5.23% 5.74% 6.36%
3 Month CD Rate 5.47% 5.79% 6.05% 7.18%
1 Year CD Rate 6.43% 6.50% 6.64% 8.07%
Commodity Market Update
Currency 05-Sep Prev_Day
Change
USD/INR 71.86 72.07 -0.21
GBP/INR 87.89 87.28 0.61
EURO/INR 79.21 79.11 0.10
International News
JPY/INR 0.67 0.68 0.00
Commodity 05-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 56.28 56.62 54.58 68.64
Brent Crude($/bl) 62.94 60.68 58.46 76.75
Gold( $/oz) 1519 1527 1464 1196
Gold(Rs./10 gm) 39006 38743 36289 30274
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
06 September 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Sep 2019 Futures stood at 10,886.30, a premium of 41.65 points
above the spot closing of 10,844.65. The turnover on NSE’s Futures and
Options segment fell to Rs. 15,02,054.73 crore on Sep 4, 2019, compared
with Rs. 9,31,077.92 croreon Sep 3, 2019.
• The Put-Call ratio stood at 0.87, compared with the previous session’s
close of 0.83.
• The Nifty Put-Call ratio stood at 1.08 compared with the previous
session’s close of 1.04.
• Open interest on Nifty Futures stood at 18.14 million, compared with
the previous session’s close of 18.64 million.
• Bond yields continued to increase for the second consecutive day on
worries over the possible rise in government spending, which is
expected to widen the fiscal deficit. Besides, surge in crude oil prices
also weighed on sentiments.
• Yield on the 10-year benchmark paper (7.26% GS 2029) rose 3 bps to
6.58% compared with the previous close of 6.55% after trading in a
range of 6.55% to 6.60%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,824 crore (gross) on Sep 5, 2019 compared
with borrowings of Rs. 3,754 crore (gross) on Sep 4, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window
stood at Rs. 31,881 crore on Sep 4, 2019.
• Banks borrowed Rs. 963 crore under the central bank’s Marginal
Standing Facility on Sep 4, 2019 compared with borrowings of Rs. 900
crore on Sep 3, 2019.
• The Indian rupee rose against the U.S. dollar as investor’s risk appetite
improved on reports that the U.S. and China agreed to hold trade talks in
Oct 2019. The rupee closed at 71.84 a dollar compared with the previous
close 72.12.
• The euro remained unchanged against the U.S. dollar despite reports
said that the German factory orders for Jul 2019 fell by a more-than-
expected. The euro closed at 1.1033 compared with the previous close
of 1.1033.
• Gold prices fell on reports of upbeat U.S. private sector employment
and services sectors growth data in Aug 2019.
• Brent crude prices grew following reports from Energy Information
Administration (EIA) that oil inventories fell by 4.8 million barrels in the
week ended Aug 30, 2019.
• Data from payroll processor ADP showed U.S. private sector
employment jumped by much more than expected in Aug 2019. Private
sector employment surged up by 195,000 jobs in Aug after climbing by
142,000 jobs in Jul 2019.
• An Institute for Supply Management report showed a notable
acceleration in the pace of growth in U.S. service sector activity in Aug
2019. ISM’s non-manufacturing index climbed to 56.4 in Aug after falling
to 53.7 in Jul 2019.
Markets for You
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