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20 Apr 2020
Markets for You
Global Indices
Global Indices 17-Apr Prev_Day Abs. Change
% Change
#
Russell 3000 1,359 1,333 26 1.96
Nasdaq 8,650 8,532 118 1.38
FTSE 5,787 5,628 159 2.82
Nikkei 19,897 19,290 607 3.15
Hang Seng 24,380 24,006 374 1.56
Indian Indices 17-Apr Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 31,589 30,603 986 3.22
Nifty 50 9,267 8,993 274 3.05
Nifty 100 9,454 9,197 256 2.79
Nifty 500 7,614 7,412 202 2.73
Nifty Bank 20,681 19,400 1,281 6.61
S&P BSE Power 1,505 1,482 23 1.53
S&P BSE Small Cap
10,801 10,544 257 2.44
S&P BSE HC 14,890 14,994 -103 -0.69
Date P/E Div. Yield P/E Div. Yield
17-Apr 19.16 1.37 20.85 1.64
Month Ago 18.55 1.44 20.41 1.70
Year Ago 28.32 1.11 29.42 1.12
Nifty 50 Top 3 Gainers
Company 17-Apr Prev_Day
% Change
#
Axis Bank 479 423 13.31
Eicher Motors 14770 13371 10.46
ICICI Bank 376 342 9.81
Nifty 50 Top 3 Losers Domestic News
Company 17-Apr Prev_Day
% Change
#
Nestle India Limited 17324 17895 -3.19
HUL 2385 2436 -2.10
Bharti Infratel 168 172 -1.87
Advance Decline Ratio
BSE NSE
Advances 1716 1398
Declines 714 446
Unchanged 163 116
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -51839
MF Flows** 35848
*17
th
Apr 2020; **13
th
Apr 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
5.91%
(Mar-20)
2.86%
(Mar-19)
IIP
4.50%
(Feb-20)
0.20%
(Feb-19)
GDP
4.70%
(Dec-19)
5.60%
(Dec-18)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
20 April 2020
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
2.10%
(Nov-19)
5.10%
(Sep-19)
Quarter Ago
Inflow/Outflow
-790
-2591
7.35%
(Dec-19)
• Indian equity markets soared after the Reserve Bank of India (RBI)
announced a host of stimulus measures to support the economy in the
wake of coronavirus outbreak. Among the measures, the central bank
slashed reverse repo rate by 25 basis points to 3.75%. It also announced
special refinance facility of Rs 15,000 crore to SIDBI; Rs 25,000 crore to
NABARD, and Rs 10,000 crore to HFCs to support liquidity.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 3.22% and
3.05% to close at 31,588.72 and 9,266.75 respectively. S&P BSE MidCap and
S&P BSE SmallCap gained 2.12% and 2.44% respectively.
• The overall market breadth on BSE was strong with 1,716 scrips advancing
and 714 scrips declining. A total of 163 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Bankex was the major gainer, up 6.83%
followed by S&P BSE Finance, up 5.44% and S&P BSE Auto, up 4.67%. S&P
BSE FMCG was the major loser, down 0.99% followed by S&P BSE
Healthcare, down 0.69%.
• The Reserve Bank of India (RBI) lowered the reverse repo rate from 4% to
3.75%. The objective of the move is to discourage banks from parking their
funds in the reverse repo and instead deploy the surplus funds as loans or
investments in the productive sectors of the economy. The key policy repo
rate remains unchanged at 4.40% while the marginal standing facility rate
and the bank rate remain unchanged at 4.65%.
• RBI announced to conduct targeted long-term repo operations (TLTRO 2.0)
for an aggregate amount of Rs. 50,000 crore in tranches of appropriate
sizes of which at least 50% will be targeted towards mid and small sized
non-banking finance companies (NBFCs) and microfinance institutions
(MFIs).
• RBI has decided to increase the ways and means advances (WMA) limit of
states by 60% over and above the level as on Mar 31, 2020. This increased
limit will be available till Sep 30, 2020. The objective of the move is to assist
states in combating the COVID-19 pandemic and help them plan their
borrowings from the markets.
• RBI in order to ease liquidity woes at the institutional levels, reduced the
Liquidity Coverage Ratio (LCR) requirement for scheduled commercial
banks from 100% to 80% with immediate effect. However, the same will be
gradually restored back in two phases, - 90% by Oct 1, 2020 and 100% by
Apr 1, 2021. In addition, RBI barred banks from paying any dividend from
their profits for the fiscal ended Mar 31, 2020 as it underlined the
importance of capital conservation in order to provide support to the
domestic economy amid the ongoing COVID-19 pandemic.
• Tata Consultancy Services announced 0.94% YoY fall in profit at Rs. 8,049
crore for the quarter ending Mar 31, 2020. The board of the company also
announced a final dividend of Rs 6. Consolidated revenue of the company
rose 5% on a yearly basis to Rs. 39,946 crore.
• Larsen & Tourbro announced that its buildings and factories business has
bagged important orders from domestic clients worth up to Rs. 2,500
crore.
• Asian markets closed on a positive note as reports of promising initial data
related to a potential COVID-19 treatment from a U.S. based bio-
technology company and U.S. President 's plans to reopen businesses
helped investors shrug off weak economic data from China. Today (as on
Apr 20) markets traded low ahead of the release of China’s loan prime rate.
Both Nikkei and Hang Seng are down by 1.02% and 0.36%, respectively (as
at 8.a.m. IST).
• European markets too witnessed buying spree after a report that a drug
developed by a U.S. based biopharma company has shown effectiveness in
treating the coronavirus.
• U.S. markets rose after a U.S. based biopharma company reported that its
drug has shown effectiveness in treating the coronavirus. The news gave
investors hope of a treatment solution that shall help the country to
reopen faster from the widespread shutdowns.
Markets for You
FII Derivative Trade Statistics
17-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 7111.53 6750.89 8528.84
Index Options 269381.48 268544.83 29756.29
Stock Futures 14561.87 13918.13 71714.92
Stock Options 1336.26 1366.82 1642.11
Total 292391.14 290580.67 111642.16
17-Apr Prev_Day
Change
Put Call Ratio (OI) 1.38 1.27 0.10
Put Call Ratio(Vol) 0.99 0.98 0.01
17-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 4.24% 4.34% 4.97% 6.04%
T-Repo 2.40% 2.89% 4.55% 5.96%
Repo 4.40% 4.40% 5.15% 6.00%
Reverse Repo 3.75% 4.00% 4.90% 5.75%
91 Day T-Bill 3.89% 4.17% 4.85% 6.33%
364 Day T-Bill 4.00% 4.54% 5.00% 6.40%
10 Year Gilt 6.35% 6.49% 6.26% 7.39%
G-Sec Vol. (Rs.Cr) 38886 19617 51487 25688
FBIL MIBOR 4.58% 4.63% 5.15% 6.09%
3 Month CP Rate 6.00% 6.25% 6.00% 7.00%
5 Year Corp Bond 6.99% 7.38% 7.32% 8.54%
1 Month CD Rate 4.20% 3.91% 5.57% 6.72%
3 Month CD Rate 4.46% 4.57% 5.20% 6.85%
1 Year CD Rate 5.27% 5.81% 6.11% 7.50%
Currency 17-Apr Prev_Day
Change
USD/INR 76.54 76.74 -0.20
GBP/INR 95.47 95.99 -0.52
EURO/INR 83.05 83.65 -0.60
JPY/INR 0.71 0.71 0.00
Commodity 17-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
18.26 22.85 26.91 63.69
Brent Crude($/bl) 16.14 18.71 28.41 71.18
Gold( $/oz) 1684 1689 1528 1274
Gold(Rs./10 gm) 40989 40989 39741 31641
Source: Refinitiv
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
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20 April 2020
Derivative Statistics- Nifty Options
Disclaimer:
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• Nifty Apr 2020 Futures stood at 9,311.30, a premium of 44.55 points above
the spot closing of 9,266.75. The turnover on NSE’s Futures and Options
segment fell to Rs. 7,42,469.22 crore on April 17, 2020, compared with Rs.
19,55,639.67 crore on April 16, 2020.
• The Put-Call ratio stood at 0.88 compared with the previous session’s close
of 0.85.
• The Nifty Put-Call ratio stood at 1.38 compared with the previous session’s
close of 1.27.
• Open interest on Nifty Futures stood at 11.55 million, compared with the
previous session’s close of 11.32 million.
• Bond yield fell after the Reserve Bank of India announced liquidity-
supportive steps. The central bank cut its reverse repo rate by 25 basis
points to 3.75%. RBI will also provide Rs. 50,000 crore liquidity support
through targeted long-term repo operation (TLTRO) that will be undertaken
in tranches.
• Yield on the new 10-year benchmark paper (6.45% GS 2029) fell 9 bps to
close at 6.35% from the previous closing of 6.44% after moving in a range of
6.29% to 6.42%.
• Banks did not borrow under the central bank’s Marginal Standing Facility on
both Apr 16, 2020 and Apr 15, 2020.
• The rupee rose against the U.S dollar after falling in the last two sessions on
rise in domestic equity market and suspected intervention by the Reserve
Bank of India (RBI) in the futures market.
• Euro rose against the U.S. dollar after falling in the last two sessions as risk
appetite regained after the results of a coronavirus drug trial and the U.S.
President’s plan to reopen the economy.
• Gold prices fell after the U.S. President laid out plans to gradually reopen
the U.S. economy.
• Brent crude prices rose after the U.S. President laid out plans to gradually
reopen the coronavirus-hit U.S. economy.
• According to the Conference Board, U.S. leading economic index
plummeted 6.7% in Mar 2020, faster than a revised 0.2% fall in Feb 2020.
• Final data from Eurostat showed, Eurozone inflation slowed to 0.7% YoY (in
line with the preliminary data) in Mar 2020 from 1.2% in Feb 2020 on a 4.5%
decline in energy prices.
• Data from the National Bureau of Statistics showed, China’s ‘gross domestic
product (GDP) contracted 6.8% YoY in the Mar quarter of 2020. The fall was
bigger than the first decline since 1992. Activity in China halted after they
adopted strict shutdowns and quarantines to contain the spread of the
coronavirus. Industrial output and retail sales plunged 8.4% and 19.0%,
respectively in the first quarter of 2020.
Markets for You
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