09 Sep 2019
Markets for You
Global Indices
Global Indices 06-Sep Prev_Day Abs. Change
% Change
#
Russell 3000 1,312 1,314 -2 -0.14
Nasdaq 8,103 8,117 -14 -0.17
FTSE 7,282 7,271 11 0.15
Nikkei 21,200 21,086 114 0.54
Hang Seng 26,691 26,516 175 0.66
Indian Indices 06-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,982 36,644 337 0.92
Nifty 50 10,946 10,848 98 0.91
Nifty 100 11,068 10,975 93 0.85
Nifty 500 27,248 26,920 328 1.22
Nifty Bank 27,248 26,920 328 1.22
S&P BSE Power 1,924 1,885 39 2.09
S&P BSE Small Cap 12,595 12,496 99 0.79
S&P BSE HC 12,953 12,916 37 0.29
Date P/E Div. Yield P/E Div. Yield
6-Sep 26.07 1.25 26.91 1.40
Month Ago 25.33 1.27 26.97 1.35
Year Ago 24.55 1.16 28.05 1.16
Nifty 50 Top 3 Gainers
Company 06-Sep Prev_Day
% Change
#
Tech Mahindra 722 695 3.78
Tata Steel 355 345 2.97
Tata Motors 121 118 2.71
Nifty 50 Top 3 Losers Domestic News
Company 06-Sep Prev_Day
% Change
#
Indiabulls HFC 426 448 -4.97
NA NA NA NA
NA NA NA NA
Advance Decline Ratio
BSE NSE
Advances 1576 1195
Declines 934 618
Unchanged 148 110
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 44372
MF Flows** 43116
*6
th
Sep 2019; **5
th
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)
09 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
464
-416
2.99%
(Apr-19)
• Indian equity markets gained as investors welcomed U.S.-China plans for
more trade talks and strong U.S. economic data. The upbeat data eased
fears of an economic slowdown. Also, expectations of further stimulus by
the government supported sentiment.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.92% and
0.91% to close at 36,981.77 and 10,946.20 respectively. S&P BSE MidCap
and S&P BSE SmallCap gained 0.61% and 0.79% respectively.
• The overall market breadth on BSE was strong with 1,576 scrips
advancing and 934 scrips declining. A total of 148 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Auto was the major gainer, up 2.54%
followed by S&P BSE Power, up 2.09% and S&P BSE Metal, up 1.91%. S&P
BSE Realty was the major loser, down 0.71% followed by S&P BSE FMCG,
down 0.16%.
• Among the 31-stock sensitive Sensex pack, Tech Mahindra was the major
gainer, up 3.77%, followed by Maruti Suzuki India and Axis Bank that grew
3.61% and 3.35%, respectively. Yes Bank was the major loser, down 2.42%,
followed by Sun Pharmaceutical Industries down 1.63%.
• Union finance minister said the government will respond to the
challenges faced by all sectors. Every possible help will be extended to
them, she told the media. “We are looking at the challenges which the
sectors are facing. We will respond to the challenges and extend every
possible help,” the minister said. She said the Centre is in continuous
engagement and interaction with the industries facing difficulties.
• The finance ministry has asked large central public sector enterprises
(CPSEs) to carry on with their capital expenditure plan as it will increase
liquidity in the market and boost economic growth. During a meeting,
capital expenditure by various CPSEs and ministries came up for review,
said an official release, media reports showed.
• India will host the 6th India-China Strategic Economic Dialogue, which
will focus on collaboration between the two countries. Areas of focus will
be infrastructure, energy, high-tech, resource conservation,
pharmaceuticals and policy coordination. The three-day dialogue will be
held from Sep 7-9, 2019, and will be chaired by NITI Aayog vice chairman.
Chinese side will led by chairman, National Development and Reforms
Commission.
• The government has constituted a high-level task force to identify
infrastructure projects for Rs. 100 lakh crore investment by 2024-25. This
is being done as India aims to become a $5 trillion economy. The task
force, headed by the economic affairs secretary, will draw up a 'National
Infrastructure Pipeline' of Rs. 100 lakh crore, the finance ministry said in a
statement.
• According to media reports, Reliance Industries Ltd is looking to acquire
fashion and child-focused retailers abroad and partner with global sports
and beauty brands. This will part of the company’s expansion into
consumer markets.
• Reliance Jio has launched its fibre-based broadband service across
1,600 cities. The company is offering minimum internet speed of 100
Mbps for Rs. 699 a month, a rate that is 35-45% lower than rivals. Jio
Fiber will offer free voice calling anywhere in the country, unlimited data
and video conferencing, the company said.
• Asian equity markets gained after data showed U.S. private payrolls and
the services industry rebounded in Aug 2019. Also, media reports showed
that U.S.-China trade talks are back on track and investors awaited
release of U.S. jobs data for Aug. Today (as of Sep 9), Asian markets
opened higher amid decline in China’s exports in Aug that raised
expectations that Beijing may introduce more stimulus measures to prop
up its economy. Investors remained focused on series of recent data
releases in major economies. Nikkei and Hangseng were trading up 0.47%
and 0.43%, respectively (as at 8.a.m. IST).
• European markets moved up as investors observed the ongoing Brexit
uncertainty and developments in the U.S.-China trade war.
• U.S. markets were flattish as investors were disappointed by the
release of jobs data that came lower than expected.
Markets for You
FII Derivative Trade Statistics 06-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 4275.57 5230.63 11789.84
Index Options 446124.44 443066.88 63296.03
Stock Futures 11830.29 11597.92 87675.27
Stock Options 4325.34 4360.28 3089.28
Total 466555.64 464255.71 165850.42
06-Sep Prev_Day
Change
Put Call Ratio (OI) 1.31 1.01 0.30
Indian Debt Market
Put Call Ratio(Vol) 0.89 0.83 0.07
06-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 5.37% 5.38% 5.64% 6.31%
T-Repo 5.22% 5.25% 5.61% NA
Repo 5.40% 5.40% 5.75% 6.50%
Reverse Repo 5.15% 5.15% 5.50% 6.25%
91 Day T-Bill 5.30% 5.35% 5.46% 6.84%
364 Day T-Bill 5.65% 5.70% 5.78% 7.42%
10 Year Gilt 6.60% 6.56% 6.34% 8.06%
G-Sec Vol. (Rs.Cr) 36013 29394 66675 37281
Currency Market Update
FBIL MIBOR 5.50% 5.45% 5.70% 6.40%
3 Month CP Rate 5.85% 5.90% 6.10% 7.65%
5 Year Corp Bond 7.49% 7.54% 7.72% 8.81%
1 Month CD Rate 5.14% 5.26% 5.65% 6.95%
3 Month CD Rate 5.73% 5.49% 5.95% 7.17%
1 Year CD Rate 6.47% 6.50% 6.75% 8.20%
Commodity Market Update
Currency 06-Sep Prev_Day
Change
USD/INR 71.73 71.86 -0.13
GBP/INR 88.51 87.89 0.62
EURO/INR 79.21 79.21 0.00
International News
JPY/INR 0.67 0.67 0.00
Commodity 06-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 56.40 55.02 53.55 67.76
Brent Crude($/bl) 61.57 61.13 57.77 75.74
Gold( $/oz) 1507 1520 1474 1200
Gold(Rs./10 gm) 38185 38405 36463 30535
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
09 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 10,973.65, a premium of 27.45 points
above the spot closing of 10,946.20. The turnover on NSE’s Futures and
Options segment fell to Rs. 6,43,321.69 on September 06, 2019,
compared with Rs. 26,49,217.73 crore on September 05, 2019.
• The Put-Call ratio stood at 0.86 compared with the previous session’s
close of 0.68.
• The Nifty Put-Call ratio stood at 1.31 compared with the previous
session’s close of 1.02.
• Open interest on Nifty Futures stood at 18.13 million, compared with
the previous session’s close of 18.48 million.
• Bond yields continued to increase for the third consecutive day as
market participant remain worried over fiscal slippage with the possible
rise in government spending.
• Yield on the 10-year benchmark paper (7.26% GS 2029) rose 2 bps to
6.60% compared with the previous close of 6.58% after trading in a
range of 6.57% to 6.61%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,843 crore (gross) on Sep 6, 2019 compared
with borrowings of Rs. 3,824 crore (gross) on Sep 5, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 31,710 crore on Sep 5, 2019.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on Sep 5, 2019 compared with borrowings of Rs. 963 crore on
Sep 4, 2019.
• The Indian rupee strengthened against the greenback due to gains in
the domestic equity market amid optimism on easing U.S.-China trade
tensions.
• The euro marginally fell against the greenback despite mixed U.S.’
payroll data for Aug wherein U.S. employers added fewer workers than
market expectations while average hourly wages grew a bit more
strongly than expectations.
• Gold prices fell on upbeat remarks from Chairperson of U.S Fed that
despite trade uncertainties he did not expect a U.S. recession.
• Brent crude prices fell following weak U.S. job growth data in Aug and
reports from a number of private estimates that show OPEC producers
have raised their overall output in Aug.
• Labor Department data showed employment in the U.S. increased by
less than expected in Aug 2019. The report said non-farm payroll
employment rose by 130,000 jobs in Aug after climbing by 159,000 jobs
in Jul 2019.
• The People's Bank of China has further reduced the amount of cash
that banks should set aside as reserves to spur liquidity in the economy.
The bank decided to cut the reserve requirement ratio, or RRR, by 50
basis points, which will take effect on Sep 16, 2019. The bank resorted to
its third reduction in RRR so far this year as the economy struggles to
maintain steady growth.
Markets for You
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