12 Sep 2019
Markets for You
Global Indices
Global Indices 11-Sep Prev_Day Abs. Change
% Change
#
Russell 3000 1,308 1,297 11 0.83
Nasdaq 8,170 8,084 86 1.06
FTSE 7,338 7,268 70 0.96
Nikkei 21,598 21,392 206 0.96
Hang Seng 27,159 26,684 475 1.78
Indian Indices 11-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,271 37,145 125 0.34
Nifty 50 11,036 11,003 33 0.30
Nifty 100 11,162 11,123 39 0.35
Nifty 500 9,015 8,972 43 0.48
Nifty Bank 27,776 27,505 272 0.99
S&P BSE Power 1,930 1,930 0 0.02
S&P BSE Small Cap 12,892 12,710 182 1.43
S&P BSE HC 13,058 13,018 41 0.31
Date P/E Div. Yield P/E Div. Yield
11-Sep 26.20 1.24 27.13 1.39
Month Ago 26.28 1.23 27.41 1.33
Year Ago 23.91 1.20 27.44 1.19
Nifty 50 Top 3 Gainers
Company 11-Sep Prev_Day
% Change
#
Yes Bank 72 63 13.47
Tata Motors 134 122 10.21
Eicher Motors 17014 16207 4.98
Nifty 50 Top 3 Losers Domestic News
Company 11-Sep Prev_Day
% Change
#
Wipro 248 256 -2.91
ONGC 126 129 -2.82
GAIL 128 132 -2.80
Advance Decline Ratio
BSE NSE
Advances 1849 1378
Declines 773 484
Unchanged 153 100
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 43418
MF Flows** 44435
*11
th
Sep 2019; **9
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)
12 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
2.70%
(Mar-19)
5.80%
(Mar-19)
Quarter Ago
Inflow/Outflow
18
298
2.99%
(Apr-19)
• Indian equity markets gained on positive global cues and hints that the
government is gearing up to give greater stimulus to the economy. Global
markets were buoyed by fading U.S.-China trade tensions and risk of no-
deal Brexit. Investors also looked forward to meetings of key global
central banks such as the European Central Bank and U.S. Federal Reserve
in the week and next.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.34% and
0.3% to close at 37,270.82 and 11,035.70, respectively. S&P BSE MidCap
and S&P BSE SmallCap gained 1.04% and 1.43%, respectively.
• The overall market breadth on BSE was strong with 1,849 scrips
advancing and 773 scrips declining. A total of 153 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Realty was the major gainer, up
4.45%, followed by S&P BSE Auto, up 3.51%, and S&P BSE Metal, up
2.45%. S&P BSE IT was the major loser, down 1.29%, followed by S&P BSE
Teck, down 1.15%, and S&P BSE FMCG, down 0.32%.
• A Central Board of Direct Taxation (CBDT) circular has said instances of
wilful attempt to evade tax, failure to furnish return of income and not
remitting tax deducted from source (TDS) in the government exchequer
up to the limit of Rs. 25 lakh will not be generally filed for criminal
prosecution before a court by the tax authorities. This will help cut down
tax litigation and save a number of assessees from legal proceedings,
media reports said. Also, CBDT launched a one-time facility to apply for
compounding of income tax offences that taxpayers can use by Dec 31,
2019. CBDT said this "one-time measure" will help mitigate unintended
hardship to taxpayers in deserving cases and reduce the pendency of
existing prosecution cases before the courts.
• Commerce and Industry Minister said India will protect the interest of
industry and ensure huge opportunities for exporters getting into the
Regional Comprehensive Economic Partnership (RCEP). RCEP is a
proposed mega free trade agreement between 16 countries including the
10-nation grouping ASEAN and India, China, Japan, South Korea, Australia
and New Zealand. The minister said India has invited representations
from all 15 countries of RCEP bloc on Sep 14 and 15 in India to discuss
ideas related to the pact.
• The Cotton Association of India (CAI) has lowered its cotton import
estimate for the season as actual shipments reaching Indian ports have
been lower than projected previously. Imports estimate has been
lowered to 29 lakh bales compared with 31 lakh bales projected in the
previous month. The projections are 14 lakh bales higher compared with
the previous year’s estimate of 15 lakh bales.
• Media reports showed Minister of State (MoS), Finance & Corporate
Affairs has said the government may make some announcement for the
real estate sector soon. The government met the stakeholders, industry
leaders, homebuyers and discussed the difficulties faced by the industry.
The real estate sector is struggling with tight liquidity, default by builders
and raised property prices.
• Asian equity markets were mixed as investors remained cautious ahead
of the policy meets of global central banks. The European Central Bank in
its meet on Sep 12, 2019, is expected to cut interest rates and increase
asset purchases. Today (as of Sep 12), Asian markets opened higher after
the U.S. President delayed the imposition of fresh tariffs on $250 billion
Chinese imports in a goodwill gesture. Both Nikkei and Hang Seng were
trading up 0.90% and 0.24%, respectively (as at 8.a.m. IST).
• European markets gained as investors are expecting the European
Central Bank to announce a stimulus for the ailing euro zone economy at
the bank’s meeting on Sep 12, 2019. China exempted 16 types of U.S.
products from its additional retaliatory tariffs for a year. These are seen
as positive signs before the two countries’ talks begin in Oct 2019.
• U.S. markets gained after the launch of new products by a tech giant
was welcomed by investors. The pricing of these products was seen as
compelling by the market. Also, China looked to soften its trade stand by
removing certain goods from the raised tariff list.
Markets for You
FII Derivative Trade Statistics 11-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 3018.49 2797.16 12639.15
Index Options 179591.81 177517.35 56872.31
Stock Futures 8396.11 8448.76 88728.25
Stock Options 4341.84 4410.12 3553.45
Total 195348.25 193173.39 161793.16
11-Sep Prev_Day
Change
Put Call Ratio (OI) 1.33 1.41 -0.09
Indian Debt Market
Put Call Ratio(Vol) 1.06 0.95 0.10
11-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 5.32% 5.35% 5.32% 6.49%
T-Repo 5.17% 5.22% 5.37% NA
Repo 5.17% 5.22% 5.37% NA
Reverse Repo 5.15% 5.15% 5.15% 6.25%
91 Day T-Bill 5.32% 5.37% 5.35% 6.88%
364 Day T-Bill 5.65% 5.67% 5.65% 7.47%
10 Year Gilt 6.68% 6.55% 6.49% 8.18%
G-Sec Vol. (Rs.Cr) 39952 33606 52233 29824
Currency Market Update
FBIL MIBOR* 5.45% 5.45% 5.40% 6.40%
3 Month CP Rate 5.80% 5.85% 5.90% 7.90%
5 Year Corp Bond 7.59% 7.37% 7.76% 8.96%
1 Month CD Rate 5.10% 5.19% 5.45% 7.17%
3 Month CD Rate 5.66% 5.63% 6.01% 7.28%
1 Year CD Rate 6.46% 6.49% 6.64% 8.36%
Commodity Market Update
Currency 11-Sep Prev_Day
Change
USD/INR 71.66 71.59 0.08
GBP/INR 88.56 87.83 0.73
EURO/INR 79.16 78.94 0.22
International News
JPY/INR 0.66 0.67 -0.01
Commodity 11-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 55.61 56.17 54.36 69.24
Brent Crude($/bl) 63.91 60.92 56.51 78.16
Gold( $/oz) 1497 1552 1497 1198
Gold(Rs./10 gm) 37902 39011 37270 30605
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
12 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 11,060.80, a premium of 25.10 points
above the spot closing of 11,035.70. The turnover on NSE’s Futures and
Options segment increased to Rs. 10,75,053.16 on Sep 11, 2019,
compared with Rs. 9,62,307.43 crore on Sep 9, 2019.
• The Put-Call ratio stood at 0.99 compared with the previous session’s
close of 0.91.
• The Nifty Put-Call ratio stood at 1.33 compared with the previous
session’s close of 1.41.
• Open interest on Nifty Futures stood at 18.34 million, compared with
the previous session’s close of 17.90 million.
• Bond yields rose after a steep rise in the U.S. Treasury yields and surge
in crude oil prices. Besides, concerns over widening fiscal deficit in the
domestic market continued to weigh over market sentiments.
• Yield on the 10-year benchmark paper (7.26% GS 2029) increased 10
bps to 6.68% compared with the previous close of 6.58% after trading in
a range of 6.60% to 6.69%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,764 crore (gross) on Sep 11, 2019 compared
with borrowings of Rs. 4,072 crore (gross) on Sep 9, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 12,858 crore on Sep 9, 2019.
• Banks borrowed Rs. 1,651 crore under the central bank’s Marginal
Standing Facility on Sep 9, 2019 compared with borrowings of Rs. 1,230
crore on Sep 6, 2019.
• The Indian rupee strengthened against the greenback due to gains in
the domestic equity market and greenback sales by foreign banks. The
rupee closed at 71.65 a dollar compared with the previous close 71.70.
• The euro fell against the greenback as investors remained cautious
ahead of the ECB meeting on Sep 12 as they expect monetary policy
easing by ECB. The euro closed at 1.1012 compared with previous close
of 1.1043.
• Gold prices grew as investors’ risk sentiment got a lift ahead of
monetary policy decisions by the ECB and the U.S. Fed next week.
• Brent crude prices fell on reports that U.S. sanctions against Iran may
be dropped in order to reopen negotiations and that OPEC has cut its
forecast for demand.
• A Commerce Department report showed wholesale inventories in the
U.S. modestly rebound in Jul 2019. The report said wholesale inventories
rose 0.2% in Jul after edging down 0.1% in Jun 2019. The uptick in
inventories matched estimates.
• The Cabinet Office said Japan core machine orders were down a
seasonally adjusted 6.6% MoM in Jul 2019 at 896.9 billion yen. That beat
expectations and were against a 13.9% surge in Jun 2019. On a yearly
basis, core machine orders rose 0.3% following the 12.5% gain in the
previous month.
Markets for You
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