19 Sep 2019
Markets for You
Global Indices
Global Indices 18-Sep Prev_Day Abs. Change
% Change
#
Russell 3000 1,312 1,312 0 -0.03
Nasdaq 8,177 8,186 -9 -0.11
FTSE 7,314 7,320 -6 -0.09
Nikkei 21,961 22,001 -41 -0.18
Hang Seng 26,754 26,790 -36 -0.13
Indian Indices 18-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,564 36,481 83 0.23
Nifty 50 10,841 10,818 23 0.21
Nifty 100 10,981 10,952 29 0.27
Nifty 500 8,878 8,854 24 0.27
Nifty Bank 27,173 27,132 41 0.15
S&P BSE Power 1,919 1,905 14 0.72
S&P BSE Small Cap 12,894 12,855 39 0.30
S&P BSE HC 12,882 12,848 35 0.27
Date P/E Div. Yield P/E Div. Yield
18-Sep 25.85 1.26 26.66 1.42
Month Ago 26.31 1.24 27.33 1.34
Year Ago 23.81 1.20 27.42 1.19
Nifty 50 Top 3 Gainers
Company 18-Sep Prev_Day
% Change
#
Tata Steel 358 345 3.86
BPCL 382 369 3.62
Vedanta Limited 150 145 2.96
Nifty 50 Top 3 Losers Domestic News
Company 18-Sep Prev_Day
% Change
#
Britannia Industries Limited 2614 2692 -2.92
Coal India 192 198 -2.66
ONGC 127 130 -2.08
Advance Decline Ratio
BSE NSE
Advances 1254 921
Declines 1228 889
Unchanged 160 135
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 44735
MF Flows** 46140
*18
th
Sep 2019; **17
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)
19 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
-107
-681
3.05%
(May-19)
• According to media reports, direct tax collection grew a tad 4.7% to Rs.
5.50 trillion as on Sep 17, 2019 from Rs. 5.25 trillion in the same period of
the previous year. This is significantly lower as against a 17.5% higher tax
collection budgeted for the full year. Collection of advance tax grew
moderately by 7.3% to Rs. 2.20 trillion from Rs. 2.05 trillion in the year
ago period.
• The ministry of labour has proposed a revised social security code. The
objective of the move is to provide a comprehensive social security
system to that will cater to the retirement, health, old-age, disability,
unemployment and maternity related needs of 50 crore workers in the
country. The code will also introduce the option to subscribe to the
National Pension Scheme which received widespread criticism 3 years
ago.
• The government has set up a committee which will examine
recategorization of certain offences under the Companies Act as civil
offences. In addition, the committee will also review other provisions of
the Companies Act and the Limited Liability Partnerships Act 2008. The
objective of the move is to improve the ease of doing business in the
country by addressing emerging issues that impacts the working of
corporates in the country and ensure compliance by corporate
stakeholders at large.
• The food minister has sought approval from the government to increase
by 2kg each in allocation of subsidised food grains that are given to 810
million poor people who are covered under the National Food Security
Act. The objective of the move is to offload massive stocks that are piled
up in the granaries ahead of the fresh procurement season which will
begin from Oct 2019.
• The Union Cabinet approved the manufacture and sale of e-cigarettes
in India. The move comes amid concerns of an alarming rise in smoking
among young population. On a separate note, the Union Cabinet
approved 78 days' of wages as bonus for Railway employees. The bonus is
given as an acknowledgement of employees’ contribution in improving
the efficiency of railway operations.
Markets for You
• Indian equity markets recovered from the previous session’s deep
losses and ended the day in green. Falling oil prices as Saudi output was
seen to come back to normal soon soothed investor nerves. Also, reports
suggesting that the Goods and Service Tax Council will discuss tax cuts for
various sectors supported sentiment.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.23% and
0.21% to close at 36,563.88 and 10,840.65, respectively. S&P BSE MidCap
and S&P BSE SmallCap gained 0.39% and 0.3%, respectively.
• The overall market breadth on BSE was strong with 1,254 scrips
advancing and 1,228 scrips declining. A total of 160 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Realty was the major gainer, up
1.54%, followed by S&P BSE Metal, up 1.34%, and S&P BSE Oil & Gas, up
1.1%. S&P BSE Telecom was the major loser, down 0.43%, followed by
S&P BSE Auto, down 0.1%.
• Asian equity markets were mixed as investors awaited the U.S. Federal
Reserve’s interest rate decision and kept an eye on the U.S.-China trade
developments. Today (as of Sep 19), Asian markets were higher in
morning trade on the back of U.S. Federal Reserve’s rate-cut decision and
Bank of Japan’s impending policy meet. Nikkei was trading up 0.97%
while Hang Seng was trading down 0.58% (as at 8.a.m. IST).
• European markets rose slightly as investors awaited the U.S. central
bank’s policy decision and situation on the oil front got better. Saudi
Arabia announced that its oil output would go back to normal by the end
of the month.
• U.S. markets were flat as the U.S. Federal Reserve cut rates by 25 basis
points but did not show any signs of further rate cuts in 2019. Investors
were expecting a more aggressive stance.
FII Derivative Trade Statistics 18-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 4755.32 4163.14 18457.72
Index Options 251813.76 252714.61 65174.86
Stock Futures 13070.10 12705.34 89567.33
Stock Options 6365.67 6422.10 4101.93
Total 276004.85 276005.19 177301.84
18-Sep Prev_Day
Change
Put Call Ratio (OI) 1.02 0.99 0.03
Indian Debt Market
Put Call Ratio(Vol) 0.84 0.79 0.05
18-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 5.36% 5.32% 5.31% 6.54%
T-Repo 5.30% 5.17% 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 5.26% 5.32% 5.47% 7.00%
364 Day T-Bill 5.60% 5.65% 5.72% 7.62%
10 Year Gilt 6.62% 6.68% 6.54% 8.14%
G-Sec Vol. (Rs.Cr) 50530 39952 56660 52133
Currency Market Update
FBIL MIBOR* 5.45% 5.45% 5.37% 6.60%
3 Month CP Rate 5.70% 5.80% 6.00% 7.95%
5 Year Corp Bond 7.54% 7.56% 7.83% 8.90%
1 Month CD Rate 5.35% 5.10% 5.42% 7.48%
3 Month CD Rate 5.63% 5.66% 5.67% 7.49%
1 Year CD Rate 6.41% 6.46% 6.70% 8.39%
Commodity Market Update
Currency 18-Sep Prev_Day
Change
USD/INR 71.31 71.82 -0.51
GBP/INR 89.06 89.12 -0.06
EURO/INR 78.91 78.96 -0.06
International News
JPY/INR 0.66 0.66 0.00
Commodity 18-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 58.14 55.61 54.78 69.82
Brent Crude($/bl) 65.18 63.91 58.99 79.19
Gold( $/oz) 1494 1497 1514 1198
Gold(Rs./10 gm) 37542 37902 37466 30737
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
19 September 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields saw a steep fall as crude oil prices declined, which lowered
concerns over domestic inflation. In addition, appreciation of the
domestic currency also lifted the market sentiment.
• Yield on the 10-year benchmark paper (7.26% GS 2029) fell 11 bps to
6.62% compared with the previous close of 6.73% 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. 3,946 crore (gross) on Sep 18, 2019 compared
with borrowings of Rs. 4,636 crore (gross) on Sep 17, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 11,291 crore on Sep 17, 2019.
• Banks borrowed Rs. 1 crore under the central bank’s Marginal Standing
Facility on Sep 17, 2019 compared with borrowings of Rs. 1,411 crore on
Sep 16, 2019.
• The U.S. Federal Reserve cut rates by another 25 basis points, lowering
the target range for the federal funds rate to 1-3/4 to 2%. This is the
second reduction in 2019. The cut was once again attributed to the
implications of global developments for the economic outlook as well as
muted inflation pressures. The accompanying statement was mostly
unchanged from Jul 2019. The Fed reiterating that the labor market
remains strong and that economic activity has been rising at a moderate
rate.
• Eurostat data showed euro zone inflation was stable in Aug 2019 at 1%,
the same as in Jul 2019. The rate was the lowest since Nov 2016. Price
growth remained below the European Central Bank's target of "below,
but close to 2 %."
Markets for You
• Nifty Sep 2019 Futures stood at 10,855.45, a premium of 14.80 points
above the spot closing of 10,840.65. The turnover on NSE’s Futures and
Options segment rose to Rs.14,33,688.44 on September 18, 2019,
compared with Rs.13,66,981.65 crore on September 17, 2019.
• The Put-Call ratio remained unchanged compared with the previous
session’s close of 0.86.
• The Nifty Put-Call ratio stood at 1.02 compared with the previous
session’s close of 0.99.
• Open interest on Nifty Futures stood at 20.46 million, compared with
the previous session’s close of 20.6 million.
• The Indian rupee strengthened against the greenback and witnessed
the biggest single session gain in more than six months following fall in
global crude oil prices. The rupee closed at 71.23 a dollar, up 0.77%
compared with the previous close 71.78.
• The euro fell against the greenback after the U.S. Federal Reserve cut
interest rates by 25 bps as expected but gave an uncertain outlook on
future easing. The euro closed at 1.1029, down 0.638% compared with
previous close of 1.1071.
• Gold prices slide even though the U.S. Fed cut the key interest rate in
its latest policy meet, as widely anticipated. This, in turn, boosted the U.S.
dollar which in turn impacted the bullion price.
• Brent crude prices slipped following the first U.S. inventory build in four
weeks.
Thank you for
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