20 Sep 2019
Markets for You
Global Indices
Global Indices 19-Sep Prev_Day Abs. Change
% Change
#
Russell 3000 1,314 1,312 2 0.15
Nasdaq 8,183 8,177 5 0.07
FTSE 7,356 7,314 42 0.58
Nikkei 22,044 21,961 84 0.38
Hang Seng 26,469 26,754 -285 -1.07
Indian Indices 19-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,093 36,564 -470 -1.29
Nifty 50 10,705 10,841 -136 -1.25
Nifty 100 10,849 10,981 -132 -1.20
Nifty 500 8,766 8,878 -111 -1.25
Nifty Bank 26,758 27,173 -415 -1.53
S&P BSE Power 1,906 1,919 -13 -0.67
S&P BSE Small Cap 12,703 12,894 -191 -1.48
S&P BSE HC 12,711 12,882 -171 -1.33
Date P/E Div. Yield P/E Div. Yield
19-Sep 25.44 1.27 26.32 1.43
Month Ago 26.16 1.24 27.35 1.34
Year Ago 23.85 1.20 27.31 1.19
Nifty 50 Top 3 Gainers
Company 19-Sep Prev_Day
% Change
#
Tata Motors 124 122 2.01
United Phos 562 557 0.90
Bharti Airtel 338 336 0.60
Nifty 50 Top 3 Losers Domestic News
Company 19-Sep Prev_Day
% Change
#
HDFC Bank 1101 2188 -49.67
Yes Bank 54 64 -15.60
Zee Ente. 309 335 -7.92
Advance Decline Ratio
BSE NSE
Advances 686 408
Declines 1828 1405
Unchanged 114 117
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 43803
MF Flows** 47515
*19
th
Sep 2019; **18
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)
20 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
759
-932
3.05%
(May-19)
• The finance minister has told scheduled commercial banks and non-
bank financial companies (NBFCs) to garner new customers in 400
districts in two tranches with immediate effect till Oct 15, 2019, according
to media news. The minister held a meeting with the heads of
commercial banks. The programme will be run in 200 districts from now
to Sep 29, 2019, where banks and NBFCs will be available to disburse
credit to retail customers, farmers, micro, small & medium enterprises. In
the next phase, another 200 districts will be targeted between 10-15 Oct.
• The finance minister said the government is targeting to set up a Rs.
20,000-crore fund for stalled housing projects in the next one-and-a-half
months. These projects are those that have neither been declared
insolvent nor turned bad loans, media reports showed. The finance
ministry held consultations with real estate developers and property
consultants for their suggestions.
• The finance minister told the media that the government has asked
banks to not declare stressed loan account of MSMEs as non-performing
assets (NPA) till Mar 31, 2020. Banks have been asked to recast MSME
loans instead of declaring them NPAs. She added that banks should sit
with the MSME and work out how best they can come out of the issue
even if more credit is to be given to the MSME. The minister met the
heads of public sector banks before making this announcement.
• The finance minister said banks have identified some non-banking
finance companies (NBFCs) to which they can give money in order to ease
liquidity. The minister also said that the government has planned to
organise ‘loan melas’ to boost lending amid the current economic
slowdown.
• Media reports quoted Reserve Bank of India (RBI) governor saying
"there is more room" to cut rates given the growth deceleration and
stable inflation. He added that the government has little fiscal space to
introduce any countercyclical measures to boost the economy.
Markets for You
• Indian equity markets went back to their losing ways as the oil crisis and
global growth slowdown worries kept investors on tenterhooks. The U.S.
Federal Reserve being non-committal on any further rate cuts in the year,
while cutting rates in its latest policy meet, and Bank of Japan’s status
quo spooked markets over a global slowdown. Tensions brewed in the
Middle East as U.S. blamed Iran for the oil attacks on Saudi Arabia. Back
home, the upcoming weekly expiry of F&O added to the woes.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 1.29% and
1.25% to close at 36,093.47 and 10,704.80, respectively. S&P BSE MidCap
and S&P BSE SmallCap lost 1.15% and 1.48%, respectively.
• The overall market breadth on BSE was weak with 686 scrips advancing
and 1,828 scrips declining. A total of 114 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Telecom was the only gainer, up
0.17%. S&P BSE Energy was the major loser, down 2%, followed by S&P
BSE Oil & Gas, down 1.94%, and S&P BSE Bankex, down 1.69%.
• Asian equity markets were mostly higher as the U.S. Federal Reserve cut
interest rates for the second time in a row in 2019. Though the U.S.
central bank was non-committal about future rate hikes. Today (as of Sep
20), Asian markets were higher in morning trade as U.S.-China prepare to
meet to sort out trade issues. Both Nikkei and Hang Seng were trading up
0.86% and 0.14%, respectively (as at 8.a.m. IST).
• European markets gained as the U.S. Federal Reserve cut interest rates
by 25 basis points, its second rate cut in 2019. The Bank of England
maintained policy status quo in the face of Brexit uncertainties.
• U.S. markets were flat as U.S. and China are poised to meet face to face
in Washington after a hiatus in talks for some time now. Certain media
reports showed somewhat negative comments by both sides, which kept
investors anxious.
FII Derivative Trade Statistics 19-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 5813.76 5271.64 19281.26
Index Options 288801.82 290456.54 65254.86
Stock Futures 12418.16 11816.97 90898.86
Stock Options 6222.93 6191.53 4137.97
Total 313256.67 313736.68 179572.95
19-Sep Prev_Day
Change
Put Call Ratio (OI) 0.83 1.02 -0.19
Indian Debt Market
Put Call Ratio(Vol) 0.84 0.79 0.05
19-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 5.36% 5.35% 5.30% 6.60%
T-Repo 5.30% 5.18% 5.18% 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% 5.28% 5.45% 7.06%
364 Day T-Bill 5.55% 5.62% 5.73% 7.63%
10 Year Gilt 6.64% 6.66% 6.59% 8.07%
G-Sec Vol. (Rs.Cr) 43986 44042 38343 43175
Currency Market Update
FBIL MIBOR* 5.45% 5.45% 5.37% 6.67%
3 Month CP Rate 5.65% 5.75% 6.00% 8.05%
5 Year Corp Bond 7.50% 7.51% 7.95% 8.91%
1 Month CD Rate 5.38% 5.32% 5.36% 7.51%
3 Month CD Rate 5.69% 5.39% 5.54% 7.51%
1 Year CD Rate 6.35% 6.42% 6.56% 8.39%
Commodity Market Update
Currency 19-Sep Prev_Day
Change
USD/INR 71.14 71.31 -0.18
GBP/INR 88.68 89.06 -0.38
EURO/INR 78.57 78.91 -0.34
International News
JPY/INR 0.66 0.66 0.00
Commodity 19-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 58.14 55.08 56.19 71.03
Brent Crude($/bl) 65.14 61.65 59.83 79.87
Gold( $/oz) 1499 1499 1495 1204
Gold(Rs./10 gm) 37456 37669 37469 30722
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
20 September 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields rose amid a sudden surge in crude oil prices amid the rising
geopolitical tension over the drone strike on Saudi Arabian oil production
facilities. The yields had initially eased on speculations of monetary
policy easing.
• Yield on the 10-year benchmark paper (7.26% GS 2029) increased 2 bps
to 6.64% compared with the previous close of 6.62% after trading in a
range of 6.57% to 6.65%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 6,997 crore (gross) on Sep 19, 2019 compared
with borrowings of Rs. 3,946 crore (gross) on Sep 18, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 12,017 crore on Sep 18, 2019.
• Banks borrowed Rs. 500 crore under the central bank’s Marginal
Standing Facility on Sep 18, 2019 compared with borrowings of Rs. 1
crore on Sep 17, 2019.
• The Bank of England left its monetary policy unchanged amid the
heightened Brexit uncertainty. It warned that the global slowdown and a
no-deal Brexit would hurt the economy severely.
• The Bank of Japan maintained status quo in policy, as was widely
expected, after the U.S. Federal Reserve resorted to further easing. The
Policy Board of the BoJ voted 7-2 to maintain interest rate at -0.1% on
current accounts that financial institutions maintain at the bank.
Markets for You
• Nifty Sep 2019 Futures stood at 10,711.30, a premium of 6.50 points
above the spot closing of 10,704.80. The turnover on NSE’s Futures and
Options segment rose to Rs.25,76,936.91 on September 19, 2019,
compared with Rs.14,33,688.44 crore on September 18, 2019.
• The Put-Call ratio stood at 0.66 compared with the previous session’s
close of 0.86.
• The Nifty Put-Call ratio stood at 0.83 compared with the previous
session’s close of 1.02.
• Open interest on Nifty Futures stood at 21.25 million, compared with
the previous session’s close of 20.46 million.
• The Indian rupee fell against the greenback following weakness in
domestic equity market. The rupee closed at 71.32 a dollar compared
with the previous close 71.23.
• The euro gained against the greenback as the latter weakened after
some central banks refrained from cutting interest rates post interest rate
cut by the U.S. Fed for second time in 2019. Bank of England and the Bank
of Japan kept their policies on hold on Sep 19, 2019. The euro closed at
1.1040 compared with previous close of 1.1029.
• Gold prices closed a tad lower from $1500 level as investors continued
to take cues from the U.S. Federal Reserve’s latest policy decision.
• Brent crude prices closed flat as investors continued to track
developments over the oil production in Saudi Arabia.
Thank you for
your time.
