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28 Aug 2020
Markets for You
Global Indices
Global Indices 27-Aug Prev_Day Abs. Change
% Change
#
Russell 3000 1,804 1,808 -3 -0.19
Nasdaq 11,625 11,665 -40 -0.34
FTSE 6,000 6,046 -46 -0.75
Nikkei 23,209 23,291 -82 -0.35
Hang Seng 25,281 25,492 -211 -0.83
Indian Indices 27-Aug Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 39,113 39,074 40 0.10
Nifty 50 11,559 11,550 10 0.08
Nifty 100 11,709 11,694 15 0.13
Nifty 500 9,581 9,567 14 0.14
Nifty Bank 23,600 23,414 186 0.80
S&P BSE Power 1,733 1,740 -6 -0.36
S&P BSE Small Cap 15,026 14,973 52 0.35
S&P BSE HC 19,312 19,153 159 0.83
Date P/E Div. Yield P/E Div. Yield
27-Aug 28.47 0.98 32.67 1.45
Month Ago 25.42 1.02 29.18 1.44
Year Ago 26.39 1.23 27.47 1.33
Nifty 50 Top 3 Gainers
Company 27-Aug Prev_Day
% Change
#
IndusInd Bank 606 568 6.73
Tata Motors 144 138 4.60
M&M 637 613 3.82
Nifty 50 Top 3 Losers Domestic News
Company 27-Aug Prev_Day
% Change
#
ONGC 80 81 -1.54
Bajaj Auto 3043 3082 -1.27
RIL 2111 2137 -1.25
Advance Decline Ratio
BSE NSE
Advances 1407 951
Declines 1464 934
Unchanged 175 102
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 34219
MF Flows** 23218
*27
th
Aug 2020; **25
th
Aug 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
6.93%
(Jul-20)
3.15%
(Jul-19)
IIP
-16.60%
(Jun-20)
1.30%
(Jun-19)
GDP
3.10%
(Mar-20)
5.70%
(Mar-19)
[1]
Data as on 26 Aug, 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
28 August 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
-18.30%
(Mar-20)
4.10%
(Dec-19)
Quarter Ago
Inflow/Outflow
28
1654
7.22%
(Apr-20)
• Indian equity markets edged up higher, led by gains in the realty sector,
after Maharashtra govt. announced a cut in stamp duty and other levies for
buying and selling of properties in urban and rural areas.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.1% and 0.08%
to close at 39,113.47 and 11,559.25 respectively.
• The overall market breadth on BSE was weak with 1,407 scrips advancing
and 1,464 scrips declining. A total of 175 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Realty was the major gainer, up 6.63%
followed by S&P BSE Auto, up 0.95% and S&P BSE Consumer Durables, up
0.89%. S&P BSE Energy was the major loser, down 1.05% followed by S&P
BSE Oil & Gas, down 0.82% and S&P BSE Telecom, down 0.61%.
• As per media reports, Center has directed the states to borrow from the
market up to Rs. 2.35 trillion to meet the FY21 revenue deficit under the
Goods and Services Tax (GST). Government offered the states two options:
either to borrow up to Rs. 97,000 crore, which is a default in compensation
as set out in a legal formula, or the entire Rs. 2.35 trillion. The borrowing
burden would not fall to governments but would be met by extending the
prohibition of sin and luxury goods. Through talking to Reserve Bank of
India (RBI), the Center would encourage borrowing so that each state
would not rush to the market and increase bond yields.
• According to a report by the World Trade Organisation, Covid 19-induced
limitations on travel have had a negative effect on the global trade in
services. This was despite Mode 4 Trade, which made it possible for
individuals to travel across borders, comprising just 3 percent of world
trade in services.
• According to a major credit rating agency, the apparel retail sector is
estimated to see a 40% - 45% drop in revenues during FY21, and this year's
festive season is expected to see demand recovery if COVID-19-related
fears subside.
• Securities and Exchange Board (Sebi) extended the timeframe for proxy
advisors' compliance with the procedural guidelines released earlier this
month to Jan 1, 2021 from 1 Sep 2020. The market regulator said the
timeframe was extended after taking into account requests received from
registered proxy advisors and the prevailing industry and market conditions
due to the pandemic of Covid-19.
• Pharma major Dr Reddy's Laboratories has launched generic Penicillamine
capsules, used for treatment of Wilson's disease and cystinuria, in the US
market. The product is a generic version of Bausch Health Companies Inc's
Cuprimine capsules in the same strength.
• Credit rating firm ICRA has reported a 17% YoY drop in consolidated net
profit to Rs. 17.04 crore in the June quarter of 2020. Total income also fell
to Rs. 80.79 crore during the reported period from Rs. 88.69 crore a year
ago.
• Asian markets witnessed a mixed trend as investors keenly awaited the
speech by the Fed chairman, scheduled later during the day for further cues
on the U.S. central bank’s policy stance. Meanwhile, tension between U.S.
and China over South China Sea rekindled which kept investors wary. Today
(as on August 28), Asian markets were mixed as investors react to
developments from the U.S. Fed. Both Nikkei and Hang Seng were trading
higher 0.07% and 0.60%, respectively (as at 8 a.m. IST).
• European markets fell, despite after the U.S. Federal Reserve (Fed)
Chairman outlined historic changes to central bank’s monetary policy
strategy. Concerns over rising U.S.-China tensions and lingering worries
about the impact of the coronavirus pandemic rendered the mood
cautious.
• U.S. markets closed on a mixed note after U.S. Fed Chairman announced a
widely expected shift with regard to the price-stability side of the central
bank's dual mandate.
Markets for You
FII Derivative Trade Statistics 27-Aug
(Rs Cr) Buy
Sell Open Int.
Index Futures 6623.64 6263.24 14542.40
Index Options 205617.83 205857.35 66443.86
Stock Futures 27327.83 28105.77 91241.36
Stock Options 5289.83 5184.77 4530.88
Total 244859.13 245411.13 176758.50
27-Aug Prev_Day
Change
Put Call Ratio (OI) 1.55 1.69 -0.13
Put Call Ratio(Vol) 1.15 1.03 0.11
27-Aug Wk. Ago Mth. Ago
Year Ago
Call Rate 3.43% 3.43% 3.48% 5.35%
T-Repo 3.02% 2.95% 3.12% 5.21%
Repo 4.00% 4.00% 4.00% 5.40%
Reverse Repo 3.35% 3.35% 3.35% 5.15%
91 Day T-Bill 3.27% 3.15% 3.27% 5.42%
364 Day T-Bill 3.56% 3.53% 3.33% 5.60%
10 Year Gilt 6.15% 6.00% 5.83% 6.53%
G-Sec Vol. (Rs.Cr) 28241 29922 35163 68807
FBIL MIBOR
[1]
3.69% 3.74% 3.85% 5.45%
3 Month CP Rate 3.45% 3.40% 3.65% 5.90%
5 Year Corp Bond 6.92% 6.69% 6.48% 7.69%
1 Month CD Rate 3.13% 3.05% 3.27% 5.33%
3 Month CD Rate 3.41% 3.18% 3.31% 5.70%
1 Year CD Rate 3.84% 3.79% 3.73% 6.45%
Currency 27-Aug Prev_Day
Change
USD/INR 74.33 74.35 -0.03
GBP/INR 98.15 97.76 0.38
EURO/INR 87.91 87.88 0.04
JPY/INR 0.70 0.70 0.00
Commodity 27-Aug Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 42.83 42.54 41.41 54.94
Brent Crude($/bl) 45.33 45.15 43.11 58.53
Gold( $/oz) 1929 1943 1942 1542
Gold(Rs./10 gm) 51234 52317 52260 38404
Source: Refinitiv
[1]
Data as on 26 Aug, 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
Readers are requested to click here for ICRA Analytics Ltd disclaimer
28 August 2020
Derivative Statistics- Nifty Options
Disclaimer:
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The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have been obtained from independent third party sources
and which are deemed to be reliable. The information provided cannot be considered as guidelines, recommendations or as a professional guide for the readers. It may be noted that since Nippon Life India Asset
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reasonableness of the assumptions upon which such data and information has been processed or arrive data; NAM India does not in any manner assures the accuracy or authenticity of such data and information. Some
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damages, including on account of lost profits arising from the information contained in this material.
• Nifty Aug 2020 Futures settled at spot closing of 11,559.25. Nifty Sep 2020
Futures stood at 11,589.20, a premium of 29.95 points, above the spot
closing. The turnover on NSE’s Futures and Options segment rose to Rs.
35,09,028.64 crore on August 27, 2020, compared with Rs. 18,47,582.19
crore on August 26, 2020.
• The Put-Call ratio stood at 0.92 compared with the previous session’s close
of 0.9.
• The Nifty Put-Call ratio stood at 1.55 compared with the previous session’s
close of 1.69.
• Open interest on Nifty Futures stood at 15.22 million, compared with the
previous session’s close of 13.56 million.
• Bond yields fell after the Reserve Bank of India (RBI) conducted a special
open market operations (OMO) and included the benchmark bond in the
special OMO. This fuelled expectations that the RBI will continue to manage
the long-end supply tactfully even though it chooses to pause open market
operations for a while due to liquidity concerns.
• Yield on the present 10-year benchmark paper (5.79% GS 2030) fell 5 bps to
close at 6.15% compared to the previous day’s closing of 6.20% after
trading in a range of 6.14% to 6.19%.
• Yield on the upcoming new 10-year benchmark paper (5.77% GS 2030) fell 4
bps to close at 6.15% compared to the previous days close of 6.19% after
moving in a range of 6.12% to 6.18%.
• The Indian rupee in the spot trade rose against the greenback following
foreign fund inflow into domestic capital markets. Selling of greenback by
foreign banks also contributed to the upside. However, possible
intervention by the Reserve Bank of India capped the gains.
• The euro fell against the greenback after the U.S. Federal Chief opined that
the U.S. central bank would come out an aggressive new strategy to lift U.S.
employment.
• Gold prices fell as market participants booked profits from the recent
bullion rally.
• Brent crude prices fell on concerns over COVID-19 pandemic which hit the
demand outlook of the commodity.
• U.S. Federal Reserve (Fed) Chairman in a highly anticipated speech to the
Jackson Hole economic symposium announced a widely expected shift with
regard to the price-stability side of the central bank's dual mandate.
• Japan's all industry activity index rose 6.1% MoM in Jun 2020, faster than
4.1% fall in May 2020. Activity rose for the first time in five months in June.
Among components, construction activity contracted 2.2% MoM in June,
following a 2.9% fall in May 2020.
• U.S. real gross domestic product (GDP) plunged 31.7% in the Jun quarter of
2020 compared, slower than 32.9% previously reported. Slower fall came as
private inventory investment and consumer spending decreased less than
previously estimated.
Markets for You
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