26 Sep 2019
Markets for You
Global Indices
Global Indices 25-Sep Prev_Day Abs. Change
% Change
#
Russell 3000 1,299 1,289 10 0.77
Nasdaq 8,077 7,994 84 1.05
FTSE 7,290 7,291 -1 -0.02
Nikkei 22,020 22,099 -79 -0.36
Hang Seng 25,945 26,281 -336 -1.28
Indian Indices 25-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,594 39,097 -504 -1.29
Nifty 50 11,440 11,588 -148 -1.28
Nifty 100 11,582 11,737 -156 -1.33
Nifty 500 9,344 9,475 -131 -1.38
Nifty Bank 29,586 30,183 -597 -1.98
S&P BSE Power 1,937 1,917 20 1.05
S&P BSE Small Cap 13,384 13,588 -204 -1.50
S&P BSE HC 12,808 13,000 -191 -1.47
Date P/E Div. Yield P/E Div. Yield
25-Sep 26.89 1.20 25.92 1.34
Month Ago 25.62 1.27 26.79 1.36
Year Ago 23.30 1.24 26.91 1.21
Nifty 50 Top 3 Gainers
Company 25-Sep Prev_Day
% Change
#
Power Grid 199 190 4.36
TCS 2088 2045 2.14
NTPC 117 115 1.52
Nifty 50 Top 3 Losers Domestic News
Company 25-Sep Prev_Day
% Change
#
SBI 280 303 -7.39
Tata Motors 123 131 -6.00
Maruti 6639 7009 -5.29
Advance Decline Ratio
BSE NSE
Advances 718 497
Declines 1803 1343
Unchanged 124 93
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 45708
MF Flows** 50239
*25
th
Sep 2019; **24
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)
26 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
590
-747
3.05%
(May-19)
• Indian equity markets lost on weak global cues as the U.S. President
faced impeachment and U.S.-China trade tensions kept brewing. The U.S.
House speaker initiated an impeachment inquiry as she said the President
betrayed his oath of office by seeking help from a foreign power to hurt a
Democratic rival. Sentiment was also cautious ahead of the expiry of
near-month derivative contracts on Sep 26, 2019.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 1.29% and
1.28% to close at 38,593.52 and 11,440.20, respectively. S&P BSE MidCap
and S&P BSE SmallCap lost 1.76% and 1.5%, respectively.
• The overall market breadth on BSE was weak with 718 scrips advancing
and 1,803 scrips declining. A total of 124 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Power was the major gainer, up
1.05%, followed by S&P BSE Utilities, up 0.55%, and S&P BSE IT, up 0.42%.
S&P BSE Auto was the major loser, down 3.84%, followed by S&P BSE
Realty, down 3.1%, and S&P BSE Metal, down 2.63%.
• The Asian Development Bank (ADB) has sharply lowered India's growth
forecast from 7.2% to 6.5% for 2019-20, according to media news. ADB
indicated that the country will grow faster than China. In its Asian
Development Outlook (ADO) Update for 2019, ADB cut the growth
projection for India, which recorded an over six-year low growth of 5% in
the Apr-Jun quarter 2019.
• Union minister for MSME and Road Transport & Highways
brainstormed with top fashion designers and officials to work out a
success story for khadi and make it a trendy-yet-affordable fabric globally.
The Khadi and Village Industries Corporation proposes to establish
centres across the country to facilitate khadi institutions to develop
designs according to market demand.
• The Central Board of Direct Taxes (CBDT) will conduct a pan-India
review of the e-assessment system for income-tax payers before starting
it in Oct 2019. CBDT, which frames policy for the income-tax department,
had last week set up the national e-assessment centre in Delhi as part of
the Centre's plan to launch faceless and nameless assessment for income-
tax payers.
• According to media reports, the board of Kaveri Seed Company has
approved the share buyback of up to 28 lakh shares, or 4.44% of equity
shares, aggregating to Rs. 196 crore. The issue will be priced at Rs. 700
per share, which is a 28% premium to the share price. The buyback size
excludes transaction cost like brokerage, applicable taxes such as
securities transaction tax, GST, buyback tax, stamp duty, among others.
• As per media reports, Goldman Sachs-backed SAMHI Hotels Ltd filed
the draft papers for its initial public offering (IPO) which could see the
company raise Rs. 1,800-2,000 crore. According to the draft red herring
prospectus (DRHP) filed by the company, which is a hotel owner and
asset manager across India, it intends to raise Rs. 1,100 crore in fresh
capital through the IPO. In addition, existing shareholders of the company
will sell 19.14 million shares through an offer for sale.
• Asian equity markets fell as investors remained cautious of the political
situation in the U.S. and trade developments. U.S. House Speaker
announced a formal impeachment inquiry against the U.S. President for
calling Ukraine's leader to help malign a Democratic rival. On the trade
front, the U.S. President came down harshly on China's trade practices at
the United Nations General Assembly, adding that he would not accept a
"bad deal" in trade talks with the country. Today (as of Sep 26), Asian
markets opened mixed as the U.S. President told media on the sidelines
of the United Nations meet that a deal between the U.S. and China could
come sooner “than you think”.
• European markets fell over the political uncertainty in the U.S. as a
formal impeachment inquiry was started against the U.S. President. Also,
the President hardened his tone against China on trade issues in the
United Nations meet.
• U.S. markets gained after the U.S. President said a U.S.-China trade
deal could be around the corner.
Markets for You
FII Derivative Trade Statistics 25-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 12109.64 11223.43 24329.58
Index Options 267240.98 267259.42 77811.38
Stock Futures 45163.58 45981.83 100080.28
Stock Options 7434.20 7487.16 5333.58
Total 331948.40 331951.84 207554.82
25-Sep Prev_Day
Change
Put Call Ratio (OI) 1.27 1.44 -0.16
Indian Debt Market
Put Call Ratio(Vol) 0.96 1.09 -0.13
25-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 5.33% 5.36% 5.34% 6.51%
T-Repo 5.22% 5.30% 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 5.37% 5.26% 5.40% 7.02%
364 Day T-Bill 5.57% 5.60% 5.65% 7.26%
10 Year Gilt 6.76% 6.62% 6.57% 8.13%
G-Sec Vol. (Rs.Cr) 29494 50530 27556 27124
Currency Market Update
FBIL MIBOR* 5.45% 5.45% 5.40% 6.65%
3 Month CP Rate 6.05% 5.70% 5.90% 8.40%
5 Year Corp Bond 7.56% 7.54% 7.70% 8.99%
1 Month CD Rate 5.50% 5.35% 5.49% 7.19%
3 Month CD Rate 5.83% 5.63% 5.50% 7.62%
1 Year CD Rate 6.63% 6.41% 6.64% 8.36%
Commodity Market Update
Currency 25-Sep Prev_Day
Change
USD/INR 71.04 70.85 0.19
GBP/INR 88.55 88.12 0.43
EURO/INR 78.14 77.86 0.28
International News
JPY/INR 0.66 0.66 0.00
Commodity 25-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 56.32 58.14 54.05 73.02
Brent Crude($/bl) 63.30 65.18 58.93 82.65
Gold( $/oz) 1504 1494 1526 1201
Gold(Rs./10 gm) 38006 37542 37599 30728
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
26 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 lowered as crude oil prices decreased following
aggravating U.S.-China trade tension. Besides, 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) decreased 2
bps to 6.76% compared with the previous close of 6.78% after trading in
a range of 6.75% to 6.79%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,612 crore (gross) on Sep 25, 2019 compared
with borrowings of Rs. 4,232 crore (gross) on Sep 24, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 45,521 crore on Sep 24, 2019.
• Banks borrowed Rs. 3,460 crore under the central bank’s Marginal
Standing Facility on Sep 24, 2019 compared with borrowings of Rs. 2,533
crore on Sep 23, 2019.
• The Indian rupee inched down against the greenback as market
participants preferred to remain on the sidelines and awaited the Indian
government's borrowing plan for the second half of the financial year for
further cues. However, fall in global crude oil prices restricted further
losses.
• The euro fell against the greenback as the safe haven appeal of the
latter improved amid reports of the launch of a formal impeachment
inquiry against U.S. President.
• Gold prices fell as market participants preferred the safe haven dollar
amid reports of the launch of a formal impeachment inquiry against U.S.
President.
• Brent crude prices fell after U.S. crude inventories unexpectedly rose
2.4 million barrels for the week ended Sep 20.
• A Commerce Department report showed U.S. new home sales
rebounded strongly in Aug 2019 following a sharp pullback in the
previous month. New home sales surged up by 7.1% to an annual rate of
713,000 in Aug after plunging 8.6% to a revised rate of 666,000 in Jul
2019.
• Figures from U.K. Finance showed U.K. mortgage approvals increased
in Aug 2019 despite uncertainty surrounding Brexit. Mortgages approved
in Aug grew to 85,931. Approvals for home purchases rose 3.2% and
remortgages increased slightly by 0.1%.
Markets for You
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