27 Sep 2019
Markets for You
Global Indices
Global Indices 26-Sep Prev_Day Abs. Change
% Change
#
Russell 3000 1,296 1,299 -3 -0.26
Nasdaq 8,031 8,077 -47 -0.58
FTSE 7,351 7,290 61 0.84
Nikkei 22,048 22,020 28 0.13
Hang Seng 26,042 25,945 97 0.37
Indian Indices 26-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,990 38,594 396 1.03
Nifty 50 11,571 11,440 131 1.15
Nifty 100 11,715 11,582 133 1.15
Nifty 500 9,444 9,344 100 1.07
Nifty Bank 30,003 29,586 417 1.41
S&P BSE Power 1,941 1,937 3 0.18
S&P BSE Small Cap 13,440 13,384 57 0.42
S&P BSE HC 12,893 12,808 85 0.66
Date P/E Div. Yield P/E Div. Yield
26-Sep 27.28 1.19 26.22 1.33
Month Ago 26.21 1.24 27.36 1.34
Year Ago 23.49 1.22 26.87 1.22
Nifty 50 Top 3 Gainers
Company 26-Sep Prev_Day
% Change
#
Vedanta 166 156 6.34
M&M 567 535 6.03
Coal India 203 193 5.56
Nifty 50 Top 3 Losers Domestic News
Company 26-Sep Prev_Day
% Change
#
Yes Bank 51 54 -4.93
Infosys 783 793 -1.27
HUL 2034 2052 -0.83
Advance Decline Ratio
BSE NSE
Advances 1273 986
Declines 1245 836
Unchanged 161 113
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 45355
MF Flows** 50934
*26
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)
27 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
1285
-352
3.05%
(May-19)
• Indian equity markets gained on encouraging global cues. Hopes of a
China-U.S. trade deal arose when the U.S. President said a deal could
become reality soon. Also, the Prime Minister assuring of more reforms
boosted sentiment.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.03% and
1.15% to close at 38,989.74 and 11,571.20, respectively. S&P BSE MidCap
and S&P BSE SmallCap gained 0.92% and 0.42%, respectively.
• The overall market breadth on BSE was strong with 1,273 scrips
advancing and 1,245 scrips declining. A total of 161 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Metal was the major gainer, up
4.2%, followed by S&P BSE Realty, up 2.69%, and S&P BSE Oil & Gas, up
2.53%. S&P BSE IT was the major loser, down 0.55%, followed by S&P BSE
Teck, down 0.26%.
• The Prime Minister has said the government will further simplify India’s
tax regime, including bringing tax on equity investments in line with
global standards, media reports showed. He said this while making a
strong pitch to global business leaders to invest in India. He said India will
not avoid taking toughest decisions. The Prime Minister was at a media
meet in New York which was attended by top executives of some of
world’s biggest companies.
• According to a domestic research firm, the steel industry is expected to
witness a mid-cycle slowdown to 4-5% in 2019-20. This comes after a
robust 7.5-8% growth in the last two fiscals. The reason for the slowdown
is attributed to muted construction investment and weak automotive
market. Sales realisations will shrink 5-6% in the fiscal.
• According to media reports, the Mumbai bench of National Company
Law Tribunal (NCLT) has directed the Committee of Creditors (CoC) of Jet
Airways (India) Ltd to disburse interim funding within the next 15 days.
The proceeds from this will be utilized for aircraft maintenance and to
pay staff processing claims made by various creditors of the grounded
airline.
• The GVK group will be spending Rs. 8,500 crore in the first phase of
developing the Navi Mumbai International Airport, the company told the
media. The airport will cater to 10 million passengers per annum. The
airport is a public-private partnership venture in which the GVK-led
Mumbai International Airport has a 74% stake and CIDCO, the
Maharashtra government's nodal agency for the project, holds the
remaining 26%.
• Media reports showed Indiabulls Real Estate Ltd has sold its remaining
stake in commercial office assets in Gurugram and central Mumbai to
Blackstone Group LP. The deal has been for an aggregate equity value of
around Rs. 2717 crore.
• Asian equity markets were mixed as U.S. President’s comment that a
trade deal with China could happen sooner than expected supported
sentiment. This helped to overcome concerns around the U.S. political
situation as an impeachment against the President plays out. Today (as of
Sep 27), Asian markets opened mixed as investors stayed focussed on
developments on the U.S.-China trade front. Both Nikkei and Hang Seng
were trading down 1.13% and 0.72%, respectively (as at 8.a.m. IST).
• European markets gained amid hopes of a U.S.-China trade deal and
upbeat Germany consumer sentiment data. With the U.S. President
hinting at a trade deal sooner than expected, investors have become
hopeful of a resolution to the conflict.
• U.S. markets fell as investors observed the latest trade developments
and the impeachment situation was made worse by a whistle blower
complaint against the President. Media reports showed the whistle
blower said the President used his powers to solicit interference from a
foreign country.
Markets for You
FII Derivative Trade Statistics 26-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 11576.81 11743.13 21182.99
Index Options 277615.89 275808.46 81695.91
Stock Futures 37256.86 37865.11 96755.74
Stock Options 6243.75 6171.45 4829.91
Total 332693.31 331588.15 204464.55
26-Sep Prev_Day
Change
Put Call Ratio (OI) 1.40 1.27 0.12
Indian Debt Market
Put Call Ratio(Vol) 0.97 0.96 0.01
26-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 5.34% 5.36% 5.36% 6.45%
T-Repo 5.18% 5.30% 5.20% NA
Repo 5.40% 5.40% 5.40% 6.50%
Reverse Repo 5.15% 5.15% 5.15% 6.25%
91 Day T-Bill 5.39% 5.28% 5.42% 7.15%
364 Day T-Bill 5.56% 5.55% 5.65% 7.70%
10 Year Gilt 6.72% 6.64% 6.48% 8.07%
G-Sec Vol. (Rs.Cr) 45294 43986 56940 31640
Currency Market Update
FBIL MIBOR* 5.45% 5.45% 5.40% 6.60%
3 Month CP Rate 6.00% 5.65% 5.90% 8.40%
5 Year Corp Bond 7.42% 7.50% 7.64% 8.96%
1 Month CD Rate 5.44% 5.38% 5.47% 7.41%
3 Month CD Rate 5.78% 5.69% 5.74% 7.74%
1 Year CD Rate 6.50% 6.35% 6.54% 8.44%
Commodity Market Update
Currency 26-Sep Prev_Day
Change
USD/INR 70.90 71.04 -0.14
GBP/INR 87.68 88.55 -0.87
EURO/INR 77.66 78.14 -0.48
International News
JPY/INR 0.66 0.66 0.00
Commodity 26-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 56.22 58.14 53.51 71.84
Brent Crude($/bl) 62.97 65.14 58.93 82.31
Gold( $/oz) 1506 1499 1526 1194
Gold(Rs./10 gm) 37622 37456 38578 30672
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
27 September 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Sep 2019 Futures settled at spot closing of 11,571.20. Nifty Oct
2019 Futures stood at 11,630.85, a premium of 59.65 points, above the
spot closing. The turnover on NSE’s Futures and Options segment rose to
Rs.33,43,696.98 crore on September 26, 2019, compared with
Rs.15,70,828.38 crore on September 25, 2019.
•The Put-Call ratio stood at 0.73 compared with the previous session’s
close of 0.86.
• The Nifty Put-Call ratio stood at 1.4 compared with the previous
session’s close of 1.27.
• Open interest on Nifty Futures stood at 21.2 million, compared with
the previous session’s close of 20.17 million.
• Bond yields lowered as investors resorted to short covering and foreign
buying. However, the market remains concerned over the fiscal slippage
and continues to await the details of the borrowing plan for further
clarity.
• Yield on the 10-year benchmark paper (7.26% GS 2029) decreased 4
bps to 6.72% compared with the previous close of 6.76% after trading in
a range of 6.70% to 6.78%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,832 crore (gross) on Sep 26, 2019 compared
with borrowings of Rs. 3,612 crore (gross) on Sep 25, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 29,968 crore on Sep 25, 2019.
• Banks borrowed Rs. 1,805 crore under the central bank’s Marginal
Standing Facility on Sep 25, 2019 compared with borrowings of Rs. 3,460
crore on Sep 24, 2019.
• The Indian rupee rose against the greenback and surged to its highest
level since Aug 9, 2019 following selling of the greenback by foreign
portfolio investors. Gains in the domestic equity market further
supported the rupee. The rupee closed at 70.88 a dollar, up 0.21%
compared with the previous close 71.03.
• The euro fell against the greenback as amid concerns over an
increasingly bleak euro zone economic outlook. Uncertainty over Brexit
further strengthened the greenback. The euro closed at 1.0921, down
0.18% compared with previous close of 1.0941.
• Gold prices inched up after a near 2% slide in the previous session amid
concerns over a slowdown in global growth.
• Brent crude prices fell amid reports that Saudi Arabia is working to
restore output quickly after the drone and missile strikes on two of its
oil-processing plants.
• A report released by the Labor Department showed first-time claims
for U.S. unemployment benefits grew slightly higher in the week ended
Sep 21, 2019. The report said initial jobless claims inched up to 213,000,
an increase of 3,000 from the previous week's revised level of 210,000.
• A Commerce Department final report on U.S. gross domestic product in
the second quarter showed the pace of GDP growth was unrevised from
the previous estimate. The report said real GDP increased at an annual
rate of 2.0 in the second quarter, unchanged from the previous estimate
and in line with expectations.
Markets for You
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