13 Sep 2019
Markets for You
Global Indices
Global Indices 12-Sep Prev_Day Abs. Change
% Change
#
Russell 3000 1,313 1,308 5 0.37
Nasdaq 8,194 8,170 25 0.30
FTSE 7,345 7,338 7 0.09
Nikkei 21,760 21,598 162 0.75
Hang Seng 27,088 27,159 -71 -0.26
Indian Indices 12-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,104 37,271 -167 -0.45
Nifty 50 10,983 11,036 -53 -0.48
Nifty 100 11,114 11,162 -48 -0.43
Nifty 500 8,982 9,015 -34 -0.37
Nifty Bank 27,819 27,776 42 0.15
S&P BSE Power 1,919 1,930 -11 -0.56
S&P BSE Small Cap 12,908 12,892 16 0.12
S&P BSE HC 13,072 13,058 14 0.11
Date P/E Div. Yield P/E Div. Yield
12-Sep 26.26 1.24 27.00 1.40
Month Ago 26.28 1.23 27.41 1.33
Year Ago 24.43 1.17 27.64 1.18
Nifty 50 Top 3 Gainers
Company 12-Sep Prev_Day
% Change
#
Ultratech Cem 4002 3903 2.53
ICICI Bank 403 395 2.05
Hindalco 197 193 1.89
Nifty 50 Top 3 Losers Domestic News
Company 12-Sep Prev_Day
% Change
#
Yes Bank 68 72 -5.10
Tata Motors 128 134 -4.76
Maruti 6392 6597 -3.11
Advance Decline Ratio
BSE NSE
Advances 1372 990
Declines 1107 871
Unchanged 164 90
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 43995
MF Flows** 45099
*12
th
Sep 2019; **11
th
Sep 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
3.21%
(Aug-19)
3.69%
(Aug-18)
IIP
4.30%
(Jul-19)
6.50%
(Jul-18)
GDP
5.00%
(Jun-19)
8.00%
(Jun-18)
13 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
3.20%
(Apr-19)
5.80%
(Mar-19)
Quarter Ago
Inflow/Outflow
664
578
3.05%
(May-19)
• Indian equity markets closed in the red as investors remained cautious
ahead of the European Central Bank's (ECB) policy meeting that was
scheduled later in the day. Also, key macro data such as index of
industrial production numbers for Jul and retail inflation data for Aug was
scheduled later in the day which kept the investors cautious. However,
gains in rupee restricted the losses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.45% and
0.48% to close at 37,104.28 and 10,982.80, respectively. S&P BSE Mid-
Cap fell 0.18% while S&P BSE Small Cap rose 0.12%.
• The overall market breadth on BSE was strong with 1,372 scrips
advancing and 1,107 scrips declining. A total of 164 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Auto stood as the major loser and
fell 1.92%, followed by S&P BSE Telecom that fell 1.68%. Reports that
finance Minister has stated that poor vehicle sales are due to millennial
preferences likely kept the auto stocks under pressure. However, S&P BSE
Finance was the major gainer that grew 0.35% followed by S&P BSE
Bankex that grew 0.19%.
• Government data released showed Index of Industrial production (IIP)
grew 4.3% YoY in Jul 2019, slower than 6.5% in Jul 2018. Manufacturing
grew 4.2% in Jul 2019, much slower than 7.0%, a year ago. From Apr to
Jul 2019, IIP grew eased to 3.3% YoY from 5.4% recorded in the
corresponding period last year. USE-based classification showed,
consumer durables output dropped 2.7% YoY in Jul 2019 compared to
14.1% rise, a year ago while primary goods output almost halved to 3.5%
from 6.8% in the similar period.
• Consumer price index based inflation rate touched 10-month high to
3.21% YoY in Aug 2019 from 3.15% in Jul 2019. However, inflation eased
from 3.69% YoY, recorded a year ago. Sequential rise in inflation was due
to acceleration in consumer food inflation price index that rose to 2.99%
YoY from 2.36% in the similar period.
• Amid concerns over fall in export credit, Commerce and Industry
Minister said the government will soon announce guidelines on extending
foreign exchange credit to exporters at affordable rates that will
particularly support micro, small and medium enterprises. He added that
rates were likely to be in the sub-four per cent category.
• Directorate General of GST Intelligence (DGGI) and Directorate General
of Revenue Intelligence (DRI) has jointly conducted the biggest ever
operation against exporters who were claiming a refund of IGST (inter
goods and services tax) fraudulently. Pan-India searches were carried out
at 336 different locations across the country by 1200 tax officers on Sep
11. Some exporters are claiming refund on IGST payment entirely based
on the Input Tax Credit availed on the basis of ineligible or fake supplies.
• Finance minister said the government has appointed a task force that
will speedily identify infrastructure projects through frontloading to
increasing spending, which will in a way give boost to the economy. She
also pledged additional measures aimed at reviving growth in the coming
quarters.
• Asian markets witnessed mixed trend ahead of the impending ECB
policy decision and the 2-day U.S. FOMC meeting. Chinese markets rose
following media reports stating that the U.S. President announced a short
delay on its scheduled tariff hikes on Chinese goods in response to China's
decision to exempt some U.S. anti-cancer drugs and other goods from its
tariffs. Today (as of Sep 13), Asian markets opened higher as investors
welcomed positive development on the U.S.- China trade deal and the
outcome of the European Central Bank’s policy meet. Both Nikkei and
Hang Seng were trading up 1.01% and 0.22%, respectively (as at 8.a.m.
IST).
• European markets witnessed buying spree after ECB’s policy decision
came in line with market expectation and easing worries over the U.S.-
China trade war.
• U.S. markets closed on upper side after U.S. government temporarily
delayed raising tariffs on $250 billion worth of Chinese imports as a
goodwill gesture. Buying interest was also generated by the European
Central Bank's monetary policy decision.
Markets for You
FII Derivative Trade Statistics 12-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 3282.77 3241.91 13938.81
Index Options 190307.52 189518.68 59969.31
Stock Futures 11972.70 11474.22 89565.92
Stock Options 5074.99 5113.50 3847.68
Total 210637.98 209348.31 167321.72
12-Sep Prev_Day
Change
Put Call Ratio (OI) 1.13 1.33 -0.20
Indian Debt Market
Put Call Ratio(Vol) 0.94 1.06 -0.12
12-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 5.35% 5.35% 5.32% 6.45%
T-Repo 5.18% 5.20% 5.37% NA
Repo 5.40% 5.40% 5.40% 6.50%
Reverse Repo 5.15% 5.15% 5.15% 6.25%
91 Day T-Bill 5.28% 5.33% 5.35% 7.09%
364 Day T-Bill 5.62% 5.67% 5.65% 7.66%
10 Year Gilt 6.66% 6.58% 6.49% 8.13%
G-Sec Vol. (Rs.Cr) 44042 27501 52233 41095
Currency Market Update
FBIL MIBOR* 5.45% 5.45% 5.40% 6.70%
3 Month CP Rate 5.75% 5.85% 5.90% 7.95%
5 Year Corp Bond 7.49% 7.43% 7.76% 8.91%
1 Month CD Rate 5.32% 5.14% 5.45% 7.12%
3 Month CD Rate 5.39% 5.47% 6.01% 7.25%
1 Year CD Rate 6.42% 6.43% 6.64% 8.39%
Commodity Market Update
Currency 12-Sep Prev_Day
Change
USD/INR 71.32 71.66 -0.35
GBP/INR 87.91 88.56 -0.65
EURO/INR 78.51 79.16 -0.65
International News
JPY/INR 0.66 0.66 0.00
Commodity 12-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 55.08 56.28 54.36 70.32
Brent Crude($/bl) 61.65 62.94 56.51 79.96
Gold( $/oz) 1499 1519 1497 1205
Gold(Rs./10 gm) 37669 39006 37270 30478
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
13 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 10,996.45, a premium of 13.65 points
above the spot closing of 10,982.80. The turnover on NSE’s Futures and
Options segment increased to Rs. 24,81,445.36 on Sep 12, 2019,
compared with Rs. 10,75,053.16 crore on Sep 11, 2019.
• The Put-Call ratio stood at 0.85 compared with the previous session’s
close of 0.99.
• The Nifty Put-Call ratio stood at 1.13 compared with the previous
session’s close of 1.33.
• Open interest on Nifty Futures stood at 18.78 million, compared with
the previous session’s close of 18.34 million.
• Bond yields eased as market participants resorted to short covering
with fall in crude oil prices. In addition, the market is awaiting the release
of the country’s Aug retail inflation data for further cues.
• Yield on the 10-year benchmark paper (7.26% GS 2029) decreased 2
bps to 6.66% compared with the previous close of 6.68% after trading in
a range of 6.63% to 6.71%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,994 crore (gross) on Sep 12, 2019 compared
with borrowings of Rs. 3,764 crore (gross) on Sep 11, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 15,375 crore on Sep 11, 2019.
• Banks borrowed Rs. 477 crore under the central bank’s Marginal
Standing Facility on Sep 11, 2019 compared with borrowings of Rs. 1,651
crore on Sep 9, 2019.
• The Indian rupee rose against the greenback and witnessed its biggest
single session gain since Aug 9 after U.S. President postponed an
increase in tariffs on $250 billion of Chinese shipments by two weeks.
• The euro rose against the greenback after the outcome of the
European Central Bank monetary policy review failed to live up to
market expectations where the central banks cut its deposit rate to a
record low and launched an indefinite asset purchase program.
• Gold prices rose initially as the dollar remained under pressure on
growing possibility that the U.S. Fed might adopt a dovish stance in its
monetary policy review.
• Brent crude prices fell after Saudi Arabia’s new energy minister opined
that decision on deeper cut in oil production cannot be finalised.
• According to report from the Labor Department, U.S. consumer price
index came in line with market expectations and edged up 0.1% in Aug
2019 as against an increase of 0.3% in Jul 2019. Core consumer prices
grew 0.3% in Aug, thereby matching the increase witnessed in Jul.
Annual rate of consumer price growth slowed to 1.7% in Aug as against
growth of 1.8% in Jul. Meanwhile, annual rate of core price growth
surged to 2.4% from 2.2% in Jul.
• According to a report from the Ifo Institute, it expects Eurozone’s
economy to grow 0.5% in 2019 as against previous expectation of 0.6%.
In 2020, the economy is expected to grow 1.2% as against prior
expectation of 1.7%.
Markets for You
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