17 Sep 2019
Markets for You
Global Indices
Global Indices 16-Sep Prev_Day Abs. Change
% Change
#
Russell 3000 1,305 27,220 -25,914 -95.20
Nasdaq 8,154 8,177 -23 -0.28
FTSE 7,321 7,367 -46 -0.63
Nikkei Closed 21,988 NA NA
Hang Seng 27,125 27,353 -228 -0.83
Indian Indices 16-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,123 37,385 -262 -0.70
Nifty 50 11,004 11,076 -72 -0.65
Nifty 100 11,140 11,205 -65 -0.58
Nifty 500 27,855 28,099 -244 -0.87
Nifty Bank 27,855 28,099 -244 -0.87
S&P BSE Power 1,932 1,944 -12 -0.61
S&P BSE Small Cap 13,096 13,013 83 0.64
S&P BSE HC 13,071 13,023 48 0.37
Date P/E Div. Yield P/E Div. Yield
16-Sep 25.92 1.26 27.06 1.39
Month Ago 26.31 1.24 27.33 1.34
Year Ago 24.64 1.16 28.00 1.16
Nifty 50 Top 3 Gainers
Company 16-Sep Prev_Day
% Change
#
Titan Industries 1149 1123 2.24
Britannia Industries 2715 2675 1.51
ONGC 131 129 1.44
Nifty 50 Top 3 Losers Domestic News
Company 16-Sep Prev_Day
% Change
#
BPCL 380 409 -6.99
M&M 537 551 -2.59
United Phos 564 578 -2.43
Advance Decline Ratio
BSE NSE
Advances 1370 985
Declines 1147 860
Unchanged 179 109
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 46208
MF Flows** 45773
*16
th
Sep 2019; **13
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)
17 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)
6.60%
(Dec-18)
Quarter Ago
Inflow/Outflow
755
-397
3.05%
(May-19)
• Indian equity markets lost at the start of the week as hike in crude oil
prices because of attacks on Saudi oil wells overshadowed measures
announced by the government over the weekend. Oil prices saw their
biggest gain since 1991 after a major Saudi oil company’s facilities were
attacked, shutting around 5% of global supply. The government opened a
Rs. 10,000-crore special window for affordable housing to restart stalled
projects other than taking steps to push exports.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.7% and
0.65% to close at 37,123.31 and 11,003.50 respectively. S&P BSE MidCap
lost 0.27% and S&P BSE SmallCap gained 0.64%.
• The overall market breadth on BSE was strong with 1,370 scrips
advancing and 1,147 scrips declining. A total of 179 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Consumer Durables was the major
gainer, up 1.22%, followed by S&P BSE FMCG, up 0.63%, and S&P BSE
Healthcare, up 0.37%. S&P BSE Oil & Gas was the major loser, down
1.61%, followed by S&P BSE Energy, down 1.33%, and S&P BSE Finance,
down 0.95%.
• Government data showed that wholesale price index based inflation
remained unchanged at 1.08% in Aug 2019 compared to that of the
previous month and 4.62% in the same month of the previous year. The
build up inflation rate in FY20 till date stood at 1.25%, much lower than
3.27% in the corresponding period of the previous year. WPI inflation for
manufactured products fell to 0.00% which indicated lack of pricing
power for producers. Fuel and power inflation also remained in the
negative territory for the third consecutive month even though they are
concerns that such a trend might be short lived due to disruption in crude
oil supply from Saudi Arabia. However, WPI for food articles increased to
7.67% in Aug 2019 from 6.15% in Jul 2019.
• Government data showed that India’s trade deficit narrowed to $13.45
billion in Aug 2019 from $17.92 billion in the same period of the previous
year. India’s trade deficit narrowed as imports fell 13.45% to $39.58
billion in Aug 2019 while exports came down at a comparatively slower
rate of 6.05% to $26.13 billion in Aug 2019. Imports came down as gold
imports plunged 62.49% to $1.36 billion in Aug 2019 while oil imports fell
8.9% to $10.88 billion in the same month.
• Saudi Aramco officials have told Indian refiners that there would be no
shortage of supplies to them, media reports showed. This comes after
Saudi Aramco, which is world’s biggest oil producer, saw its oil facilities
being attacked by drones, disrupting more than half of the company’s oil
supplies and cutting global supply by 5%. The Ministry of Petroleum and
Natural gas is closely monitoring the situation in consultation with Indian
refiners and Saudi Aramco, the media quoted an Indian oil ministry
spokesperson.
• Unilever has achieved 100% renewable electricity usage at its offices,
factories and other facilities across five continents, the company was
quoted by media reports. This is in line with its target to become a carbon
neutral company by 2030. The company said 38% of grid electricity was
supplied through corporate Power Purchase Agreements (PPAs) and
green electricity tariffs.
• Asian equity markets were mixed as oil prices increased and investors
awaited U.S. Federal Reserve’s upcoming meeting. Weak Chinese data
added to the woes. Brent crude touched the highest level since the Gulf
War in 1991 after 10 drone attacks occurred on Saudi Arabia's crude oil
production facilities over the weekend. Today (as of Sep 17), Asian
markets opened lower on crude oil price hike amid geopolitical tensions
in the Middle East. Both Nikkei and Hang Seng were trading down 0.10%
and 0.84%, respectively (as at 8.a.m. IST).
• European markets were down as investors took stock of the tensions in
the Middle East following an attack on Saudi oil production. The U.S.
President said they were ready and waiting for Saudi Arabia’s response,
which heightened political instability fears for the region.
• U.S. markets fell on fears that a spike in oil prices could slow down
global economic growth. Oil prices gained the highest in 28 years after a
prominent oil facility in Saudi Arabia was attacked, interrupting global
supply by a good 5%.
Markets for You
FII Derivative Trade Statistics 16-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 3697.90 3397.41 16720.34
Index Options 176608.20 175428.17 59336.66
Stock Futures 12170.65 12043.68 90223.34
Stock Options 5900.69 5896.21 4067.81
Total 198377.44 196765.47 170348.15
16-Sep Prev_Day
Change
Put Call Ratio (OI) 1.17 1.34 -0.17
Indian Debt Market
Put Call Ratio(Vol) 0.87 1.02 -0.14
16-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 5.36% 5.32% 5.31% 6.43%
T-Repo 5.35% 5.20% 5.25% NA
Repo 5.40% 5.40% 5.40% 6.50%
Reverse Repo 5.15% 5.15% 5.15% 6.25%
91 Day T-Bill 5.25% 5.31% 5.47% 7.05%
364 Day T-Bill 5.60% 5.62% 5.72% 7.65%
10 Year Gilt 6.72% 6.58% 6.54% 8.13%
G-Sec Vol. (Rs.Cr) 45279 29021 56660 32969
Currency Market Update
FBIL MIBOR* 5.43% 5.50% 5.45% 6.59%
3 Month CP Rate 5.65% 5.80% 6.00% 7.95%
5 Year Corp Bond 7.63% 7.47% 7.83% 8.93%
1 Month CD Rate 5.35% 5.15% 5.42% 6.99%
3 Month CD Rate 5.43% 5.69% 5.67% 7.40%
1 Year CD Rate 6.23% 6.47% 6.70% 8.40%
Commodity Market Update
Currency 16-Sep Prev_Day
Change
USD/INR 71.54 70.94 0.60
GBP/INR 89.14 87.65 1.48
EURO/INR 79.19 78.56 0.63
International News
JPY/INR 0.66 0.66 0.01
Commodity 16-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 63.05 57.83 54.78 68.93
Brent Crude($/bl) 69.31 63.86 58.99 77.81
Gold( $/oz) 1498 1499 1514 1193
Gold(Rs./10 gm) 37780 38254 37466 30558
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
17 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 11,017.20, a premium of 13.70 points
above the spot closing of 11,003.50. The turnover on NSE’s Futures and
Options segment rose to Rs. 10,16,228.46 on September 16, 2019,
compared with Rs. 9,21,268.73 crore on September 13, 2019.
• The Put-Call ratio stood at 0.85 compared with the previous session’s
close of 0.94.
• The Nifty Put-Call ratio stood at 1.17 compared with the previous
session’s close of 1.34.
• Open interest on Nifty Futures stood at 19.88 million, compared with
the previous session’s close of 18.94 million.
• Bond yields went up tracking sharp surge in crude oil prices amid
heightened geo-political worries following multiple drone attacks on
Saudi Arabian crude oil facilities. This is expected to have a bearing on
domestic inflation, which further weighed on sentiments.
• Yield on the 10-year benchmark paper (7.26% GS 2029) increased 8 bps
to 6.72% compared with the previous close of 6.64% after trading in a
range of 6.68% to 6.75%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 8,944 crore (gross) on Sep 16, 2019 compared
with borrowings of Rs. 4,620 crore (gross) on Sep 13, 2019. Sale of
securities under RBI's reverse repo window stood at Rs. 36,916 crore on
Sep 13, 2019.
• Banks borrowed Rs. 561 crore under the central bank’s Marginal
Standing Facility on Sep 13, 2019 compared with borrowings of Rs. 751
crore on Sep 12, 2019.
• The Indian rupee weakened against the greenback following losses in
the domestic equity market. Increase in global crude oil prices due to an
attack on a major oil facility in Saudi Arabia added the losses.
• The euro weakened against the greenback as investor risk sentiment
dampened after an attack on Saudi Arabian refining facilities disrupted
global oil supplies.
• Gold prices surged after an attack on oil facilities in Saudi Arabia raised
concerns over global energy supply.
• Brent crude prices surged following attacks on Saudi Arabian refining
facilities which knocked out more than 5% of global oil output.
• According to a report released by the Federal Reserve Bank of New
York, New York-area manufacturing activity was little changed in Sep
2019. The New York Fed said its general business conditions index
dipped to 2.0 in Sep 2019 from 4.8 in Aug 2019. A positive reading still
indicates an increase in regional manufacturing activity.
• Data from the National Bureau of Statistics showed that industrial
production in China grew 4.4% on a yearly basis in Aug 2019. This was
the weakest pace of growth in 17-and-a-half years in Aug 2019.
Meanwhile retail sales grew 7.5% annually in Aug 2019 after a 7.6%
increase in the previous month.
Markets for You
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