25 Sep 2019
Markets for You
Global Indices
Global Indices 24-Sep Prev_Day Abs. Change
% Change
#
Russell 3000 1,289 1,304 -15 -1.12
Nasdaq 7,994 8,112 -119 -1.46
FTSE 7,291 7,326 -35 -0.47
Nikkei 22,099 22,079 20 0.09
Hang Seng 26,281 26,222 59 0.22
Indian Indices 24-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 39,097 39,090 7 0.02
Nifty 50 11,588 11,600 -12 -0.10
Nifty 100 11,737 11,746 -9 -0.07
Nifty 500 9,475 9,487 -12 -0.12
Nifty Bank 30,183 30,566 -383 -1.25
S&P BSE Power 1,917 1,916 2 0.09
S&P BSE Small Cap 13,588 13,565 23 0.17
S&P BSE HC 13,000 12,968 32 0.24
Date P/E Div. Yield P/E Div. Yield
24-Sep 27.44 1.18 28.49 1.32
Month Ago 25.62 1.27 26.79 1.36
Year Ago 23.30 1.24 26.66 1.22
Nifty 50 Top 3 Gainers
Company 24-Sep Prev_Day
% Change
#
Infosys 794 764 3.89
RIL 1279 1239 3.19
Tech Mahindra 704 683 3.08
Nifty 50 Top 3 Losers Domestic News
Company 24-Sep Prev_Day
% Change
#
JSW Steel 233 244 -4.25
Eicher Motors 18434 19239 -4.18
SBI 303 314 -3.55
Advance Decline Ratio
BSE NSE
Advances 1150 811
Declines 1390 1026
Unchanged 155 109
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 46455
MF Flows** 50942
*24
th
Sep 2019; **23
rd
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)
25 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
428
2804
3.05%
(May-19)
• Indian equity markets ended a volatile session flat. Investors booked
some profit as markets had been on a rally since the government
announced a stimulus of Rs. 1.25 lakh crore, which included cutting
corporate tax. Markets were cautious over the slowdown in the global
economy after weak data from the euro zone deepened fears of a
recession.
• Key benchmark indices S&P BSE Sensex gained 0.02% and Nifty 50 lost
0.10% to close at 39,097.14 and 11,588.20, respectively. S&P BSE MidCap
lost 0.51% and S&P BSE SmallCap gained 0.17%.
• The overall market breadth on BSE was weak with 1,150 scrips
advancing and 1,390 scrips declining. A total of 155 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE IT was the major gainer, up 2.31%,
followed by S&P BSE Teck, up 1.98%, and S&P BSE Energy, up 1.65%. S&P
BSE Capital Goods was the major loser, down 1.8%, followed by S&P BSE
Metal, down 1.7%, and S&P BSE Bankex, down 1.25%.
• According to media reports, the U.S. President said his country will soon
have a trade deal with India to boost economic ties between the two
nations. The U.S. President and India’s Prime Minister met on the
sidelines of the UN General Assembly session and discussed bilateral ties.
• The government has notified 8.65% interest rate for 2018-19 for
Employees' Provident Fund Organisation’s (EPFO) more than 60 million
active subscribers. While the EPFO board had decided to pay 8.65%
interest rate to its subscribers for 2018-19 in Feb 2019, it was not yet
credited to their account as the finance ministry had not given its go-
ahead.
• Indian Railway Catering and Tourism Corp. Ltd (IRCTC) plans to launch
its initial public offering (IPO) on Sep 30, 2019, media reports showed.
State-owned IRCTC sells tickets for Indian Railways and manages its
catering. The plan to launch the IPO has come immediately after a rally in
Indian stock markets, the reports said.
• A major domestic rating agency has said there are various threats to
apparel exports that could slow down the pace and make it challenging
for exporters. India's apparel exports have revived in 2019-20, growing by
about 4% YoY during the first four months, after two consecutive years of
de-growth, the agency said.
• The government has launched a multilingual app-based service - CHC
Farm Machinery for Custom Hiring Centres (CHCs). Through this mobile
application, farmers will be able to hire farm machineries including
tractors at an affordable price the way people hire taxis over mobiles. The
service will help local farmers use shared resources including tractors and
other farm machineries at affordable prices.
• Asian equity markets were mixed as weak economic data from the
European region deepened fears of an imminent recession. Also,
investors awaited fresh cues in the U.S.-China trade tiff. Today (as of Sep
25), Asian markets opened lower after the U.S. House Speaker announced
a formal impeachment inquiry against the U.S. President. Both Nikkei and
Hang Seng were trading down 0.55% and 0.93%, respectively (as at 8.a.m.
IST).
• European markets were slightly down as investors kept an eye on the
developments in the U.S. and on the trade front. Also, U.K.’s highest
court ruled that the Prime Minister’s suspension of parliament for five
weeks was unlawful.
• U.S. markets declined as House Speaker got ready to announce a formal
impeachment inquiry against the U.S. President. The reason for
impeachment is a call the President made to Ukraine’s leader earlier in
the year where he allegedly persuaded him to investigate a Democratic
Presidential hopeful’s family.
Markets for You
FII Derivative Trade Statistics 24-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 8400.45 6707.39 24448.75
Index Options 236613.20 234353.38 77563.96
Stock Futures 39258.44 38453.69 100745.76
Stock Options 8861.16 8837.23 5337.10
Total 293133.25 288351.69 208095.57
24-Sep Prev_Day
Change
Put Call Ratio (OI) 1.44 1.51 -0.07
Indian Debt Market
Put Call Ratio(Vol) 1.09 1.02 0.07
24-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 5.32% 5.37% 5.34% 6.58%
T-Repo 5.30% 5.37% 5.19% NA
Repo 5.40% 5.40% 5.40% 6.50%
Reverse Repo 5.15% 5.15% 5.15% 6.25%
91 Day T-Bill 5.40% 5.25% 5.40% 7.09%
364 Day T-Bill 5.53% 5.60% 5.65% 7.60%
10 Year Gilt 6.78% 6.73% 6.57% 8.12%
G-Sec Vol. (Rs.Cr) 35197 31017 27556 26066
Currency Market Update
FBIL MIBOR* 5.45% 5.45% 5.40% 6.65%
3 Month CP Rate 5.90% 5.70% 5.90% 8.20%
5 Year Corp Bond 7.58% 7.63% 7.70% 8.98%
1 Month CD Rate 5.54% 5.39% 5.49% 7.40%
3 Month CD Rate 5.71% 5.39% 5.50% 7.44%
1 Year CD Rate 6.50% 6.30% 6.64% 8.33%
Commodity Market Update
Currency 24-Sep Prev_Day
Change
USD/INR 70.85 70.92 -0.07
GBP/INR 88.12 88.48 -0.36
EURO/INR 77.86 78.18 -0.32
International News
JPY/INR 0.66 0.66 0.00
Commodity 24-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 57.17 59.21 54.05 72.85
Brent Crude($/bl) 65.02 66.48 58.93 81.33
Gold( $/oz) 1532 1502 1526 1198
Gold(Rs./10 gm) 37771 37855 37599 30664
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
25 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 11,613.85, a premium of 25.65 points
above the spot closing of 11,588.20. The turnover on NSE’s Futures and
Options segment rose to Rs.13,69,102.56 crore on Sep 24, 2019,
compared with Rs. 14,31,999.26 crore on Sep 23, 2019.
• The Put-Call ratio stood at 0.94 compared with the previous session’s
close of 0.84.
• The Nifty Put-Call ratio stood at 1.44 compared with the previous
session’s close of 1.51.
• Open interest on Nifty Futures stood at 22.12 million, compared with
the previous session’s close of 22.68 million.
• Bond yields increased as uncertainty over the government’s borrowing
plans for the second half of the financial year weighed on market
sentiments. Investors are waiting for the details of the borrowing plan,
which is expected to be detailed on Sep 30, for further cues.
• Yield on the 10-year benchmark paper (7.26% GS 2029) increased 3 bps
to 6.78% compared with the previous close of 6.75% after trading in a
range of 6.73% to 6.79%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,232 crore (gross) on Sep 24, 2019 compared
with borrowings of Rs. 4,312 crore (gross) on Sep 23, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 26,407 crore on Sep 23, 2019.
• The Indian rupee fell against the greenback following month-end dollar
demand from state-run banks. The rupee closed at 71.01 a dollar, down
0.11% compared with the previous close 70.93.
• The euro rose against the greenback after data showed that U.S.
consumer confidence fell in Sep 2019 fuelling concerns over the strength
of the U.S. economy. The euro closed at 1.1018, up 0.25% compared
with previous close of 1.0991.
• Gold prices rose as its safe haven appeal improved after U.S. consumer
confidence fell in Sep 2019.
• Brent crude prices fell following renewed U.S.-China trade concerns
after U.S. President criticised China’s trade practices in a speech at the
U.N. General Assembly.
• A Conference Board report showed U.S. consumer confidence
deteriorated by much more than anticipated in Sep 2019. The
Conference Board said its consumer confidence index tumbled to 125.1
in Sep from 134.2 in Aug 2019.
• Survey results from the Munich-based ifo institute showed German
business confidence improved slightly in Sep 2019 as the better
assessment of the current situation offset the worst decline in
expectations over a decade. The ifo business climate index rose more
than expected to 94.6 from 94.3 in Aug 2019.
Markets for You
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