18 Sep 2019
Markets for You
Global Indices
Global Indices 17-Sep Prev_Day Abs. Change
% Change
#
Russell 3000 1,312 1,305 7 0.52
Nasdaq 8,186 8,154 32 0.40
FTSE 7,320 7,321 -1 -0.01
Nikkei 22,001 21,988 13 0.06
Hang Seng 26,790 27,125 -334 -1.23
Indian Indices 17-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,481 37,123 -642 -1.73
Nifty 50 10,818 11,004 -186 -1.69
Nifty 100 10,952 11,140 -188 -1.69
Nifty 500 27,132 27,855 -723 -2.60
Nifty Bank 27,132 27,855 -723 -2.60
S&P BSE Power 1,905 1,932 -27 -1.39
S&P BSE Small Cap 12,855 13,096 -241 -1.84
S&P BSE HC 12,848 13,071 -223 -1.71
Date P/E Div. Yield P/E Div. Yield
17-Sep 25.35 1.28 26.60 1.42
Month Ago 26.31 1.24 27.33 1.34
Year Ago 24.05 1.19 27.66 1.18
Nifty 50 Top 3 Gainers
Company 17-Sep Prev_Day
% Change
#
GAIL 132 130 1.70
Titan Industries Limited 1158 1149 0.84
HUL 1831 1816 0.82
Nifty 50 Top 3 Losers Domestic News
Company 17-Sep Prev_Day
% Change
#
Hero Moto 2569 2739 -6.20
Tata Motors 122 129 -5.13
Axis Bank 640 671 -4.54
Advance Decline Ratio
BSE NSE
Advances 829 516
Declines 1696 1328
Unchanged 147 105
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 45415
MF Flows** 45773
*17
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)
18 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
-792
3.05%
(May-19)
• Indian equity markets ended deep in red as investors remained anxious
over the impact of rise in crude oil prices on the domestic economy. Such
concerns were intensified by media reports showing the Reserve Bank of
India governor saying India’s current account and fiscal deficit could be
hurt if oil prices continue to increase. Oil prices are at 4-month high after
increasing almost 20% in intraday in the previous session after the oil
facilities of a major Arab oil producer were attacked by drones.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 1.73% and
1.69% to close at 36,481.09 and 10,817.60 respectively. S&P BSE MidCap
and S&P BSE SmallCap lost 1.77% and 1.84% respectively.
• The overall market breadth on BSE was weak with 829 scrips advancing
and 1,696 scrips declining. A total of 147 scrips remained unchanged.
• On the BSE sectoral front, all sectors lost. S&P BSE Auto was the major
loser, down 3.8%, followed by S&P BSE Realty and S&P BSE Metal, down
3.69% and 2.72%, respectively. S&P BSE Bankex and S&P BSE Basic
Materials lost 2.59% and 2.33%, respectively.
• According to media reports, the government has done away with the
three-year lock-in period on investments made by non-residents in
infrastructure debt funds. The objective of the move is to promote
funding in the infrastructure sector. Infrastructure debt funds are
investment vehicles which are used to accelerate the flow of long-term
debt into the infrastructure sector.
• The Reserve Bank of India is considering bringing all payment
aggregators and payment gateways under its direct supervision. Under
such a scenario it would become compulsory for all the companies to
abide by the regulatory compliances prescribed by RBI on minimum net
worth, fit and proper criterion for board members and other entry point
norms on technology, data storage and security.
• The finance minister announced a number of measures to boost the
housing and export sectors. The measures included a Rs. 10,000 crore
special window to extend funding to incomplete housing projects.
Introduction of a new scheme for remission of duties or taxes on export
product to replace the existing Merchandise Exports from India Scheme
from Jan 1, 2020, and revised priority sector lending norms for export
credit that will release an extra Rs. 36,000 crore to Rs. 68,000 crore as
export credit under priority sector.
• Microsoft has introduced an initiative ‘Highway to a Hundred Unicorns’
to engage with startups and entrepreneurs through a series of outreach
programme across Tier-2 cities in India. Microsoft will work closely with
government to enhance the state's start-up ecosystems.
• Tata Power has withdrawn its investments in two wind farms with a
generating capacity of about 230-MW in South Africa for $106 million.
The move was in line with the company's goal of selling sub-optimal
global assets.
• In collaboration with Japan's Yamaha Motor Co Ltd and Mitsui & Co Ltd,
Hero Cycles launched Lectro's domestic electric cycle brand at Rs.
130,000.
• Asian equity markets were mixed as investors kept a close watch on rise
in oil prices and its impact on the world economy. Markets also awaited
the outcome of key central banks’ meetings scheduled in the week. Today
(as of Sep 18), Asian markets were flat in morning trade as investors
looked forward to the U.S. Federal Reserve’s two-day meeting that
started on Sep 17, 2019. Both Nikkei and Hang Seng were trading up only
0.01% and 0.30%, respectively (as at 8.a.m. IST).
• European markets fell slightly as investors observed the aftermath of
the attack on Saudi oil production. Markets also looked forward to U.S.
Federal Reserve’s monetary policy meeting.
• U.S. markets were up a tad as investors stayed glued on the U.S.
Federal Reserve’s interest rate decision in its two-day meeting that
started on Sep 17, 2019. Markets are expecting the central bank to cut
rates by 25 basis points for the second time in 2019.
Markets for You
FII Derivative Trade Statistics 17-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 3280.31 4913.67 17803.46
Index Options 210455.62 209563.51 61687.20
Stock Futures 12058.01 12455.04 90266.00
Stock Options 5193.06 5168.96 4163.92
Total 230987.00 232101.18 173920.58
17-Sep Prev_Day
Change
Put Call Ratio (OI) 0.99 1.17 -0.18
Indian Debt Market
Put Call Ratio(Vol) 0.79 0.87 -0.09
17-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 5.37% 5.32% 5.31% 6.58%
T-Repo 5.37% 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% 7.03%
364 Day T-Bill 5.60% 5.62% 5.72% 7.63%
10 Year Gilt 6.73% 6.58% 6.54% 8.10%
G-Sec Vol. (Rs.Cr) 31017 29021 56660 36157
Currency Market Update
FBIL MIBOR* 5.45% 5.45% 5.37% 6.50%
3 Month CP Rate 5.70% 5.80% 6.00% 8.00%
5 Year Corp Bond 7.65% 7.47% 7.83% 8.88%
1 Month CD Rate 5.39% 5.15% 5.42% 7.11%
3 Month CD Rate 5.39% 5.69% 5.67% 7.48%
1 Year CD Rate 6.30% 6.47% 6.70% 8.38%
Commodity Market Update
Currency 17-Sep Prev_Day
Change
USD/INR 71.82 71.54 0.28
GBP/INR 89.12 89.14 -0.02
EURO/INR 78.96 79.19 -0.23
International News
JPY/INR 0.66 0.66 0.00
Commodity 17-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 59.21 57.83 54.78 68.81
Brent Crude($/bl) 66.48 63.86 58.99 78.16
Gold( $/oz) 1502 1499 1514 1201
Gold(Rs./10 gm) 37855 38254 37466 30614
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
18 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 continued to rise amid surge in crude oil prices following
multiple drone attacks on Saudi Arabian crude oil facilities and the
subsequent depreciation in the local currency.
• Yield on the 10-year benchmark paper (7.26% GS 2029) increased 1 bps
to 6.73% compared with the previous close of 6.72% after trading in a
range of 6.70% to 6.74%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,636 crore (gross) on Sep 17, 2019 compared
with borrowings of Rs. 8,944 crore (gross) on Sep 16, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 11,667 crore on Sep 16, 2019.
• Banks borrowed Rs. 1,411 crore under the central bank’s Marginal
Standing Facility on Sep 16, 2019 compared with borrowings of Rs. 561
crore on Sep 13, 2019.
• The Indian rupee weakened against the greenback following losses in
the domestic equity market. Global crude oil prices which continued to
remain at elevated levels amid an increase in geopolitical tensions in the
Middle East also added to the losses.
• The euro rose against the greenback as the latter remained under
pressure on growing possibility of a rate cut by the U.S. Federal Reserve
in its monetary policy review which is due on Sep 18, 2019.
• Gold prices rose on growing possibility of a rate cut by the U.S. Federal
Reserve in its monetary policy review.
• Brent crude prices fell after the energy minister of Saudi Arabia opined
that oil production will be back to normal levels by the end of Sep 2019.
• A Federal Reserve report showed U.S. industrial production rebounded
by much more than expected in Aug 2019. Industrial production climbed
0.6% in Aug 2019 after edging down 0.1% in Jul 2019.
• A National Association of Home Builders report showed an unexpected
improvement in U.S. homebuilder confidence in Sep 2019. The report
said the NAHB/Wells Fargo Housing Market Index inched up to 68 in Sep
from Aug 2019 reading of 67.
• A survey by the ZEW - Leibniz Centre for European Economic Research
showed Germany's economic sentiment improved strongly and at a
faster than expected pace in Sep 2019. The ZEW Indicator of Economic
Sentiment for Germany climbed to -22.5 in Sep from -44.1 in Aug 2019.
The economic outlook remains negative.
Markets for You
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