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13 Mar 2020
Markets for You
Global Indices
Global Indices 12-Mar Prev_Day Abs. Change
% Change
#
Russell 3000 1,152 1,270 -118 -9.29
Nasdaq 7,202 7,952 -750 -9.43
FTSE 5,237 5,877 -639 -10.87
Nikkei 18,560 19,416 -856 -4.41
Hang Seng 24,309 25,232 -923 -3.66
Indian Indices 12-Mar Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 32,778 35,697 -2,919 -8.18
Nifty 50 9,590 10,458 -868 -8.30
Nifty 100 9,694 10,578 -884 -8.36
Nifty 500 7,901 8,618 -717 -8.32
Nifty Bank 23,971 26,488 -2,517 -9.50
S&P BSE Power 1,505 1,644 -139 -8.43
S&P BSE Small Cap
11,615 12,725 -1,110 -8.72
S&P BSE HC 12,250 13,356 -1,107 -8.29
Date P/E Div. Yield P/E Div. Yield
12-Mar 19.78 1.35 21.83 1.59
Month Ago 25.29 1.02 27.65 1.25
Year Ago 27.76 1.14 27.70 1.19
Nifty 50 Top 3 Gainers
Company 12-Mar Prev_Day
% Change
#
NA
NA
NA
Nifty 50 Top 3 Losers Domestic News
Company 12-Mar Prev_Day
% Change
#
BPCL 344 404 -14.86
UPL Ltd. 444 517 -14.19
State Bank of India 213 245 -13.26
Advance Decline Ratio
BSE NSE
Advances 201 141
Declines 2265 1835
Unchanged 107 78
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -9032
MF Flows** 18871
*12
th
Mar 2020; **11
th
Mar 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
6.58%
(Feb-20)
2.57%
(Feb-19)
IIP
2.00%
(Jan-20)
1.60%
(Jan-19)
GDP
4.70%
(Dec-19)
5.60%
(Dec-18)
[1]
Data as on 11 Mar 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
13 March 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
-6.60%
(Oct-19)
5.10%
(Sep-19)
Quarter Ago
Inflow/Outflow
1037
-3484
5.54%
(Nov-19)
• Indian equity markets yet again ended deep in the red, losing the most in
absolute terms till date. The World Health Organisation officially declaring
the coronavirus outbreak a global pandemic and rising number of infected
people in the country dented sentiment. The U.S. President suspending
travel from Europe to the U.S. added to the woes.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 8.18% and 8.3% to
close at 32,778.14 and 9,590.15 respectively. S&P BSE MidCap and S&P BSE
SmallCap lost 7.84% and 8.72% respectively.
• The overall market breadth on BSE was weak with 201 scrips advancing and
2,265 scrips declining. A total of 107 scrips remained unchanged.
• On the BSE sectoral front, all sectors lost. S&P BSE Oil & Gas was the major
loser, down 9.82%, followed by S&P BSE Realty and S&P BSE Metal, down
9.5% and 9.39%, respectively. S&P BSE Bankex and S&P BSE Basic Materials
lost 9.38% and 9.19% respectively.
• Data from RBI showed that India’s current account deficit (CAD) narrowed
sharply to US$ 1.4 billion (0.2% of GDP) in Q3FY20 from US$ 17.7 billion
(2.7% of GDP) in Q3FY19 and US$ 6.5 billion (0.9% of GDP) in the previous
quarter or Q2FY20. CAD narrowed on account of a lower trade deficit
which stood at US$ 34.6 billion and a rise in net services receipts at US$
21.9 billion as compared with the corresponding period of last year.
• India’s Index of Industrial Production (IIP) growth rose 2% YoY in Jan 2020
as against a deacceleration of 0.3% in Dec 2019 and an increase of 1.6% in
Jan 2019. The mining, manufacturing and electricity sector rose 4.4%, 1.5%
and 3.1% in Jan 2020. The mining sector had risen 5.4% in Dec 2019, while
manufacturing and electricity had fallen 1.2% and 0.1%, respectively.
• India’s consumer inflation slowed to 6.58% in Feb 2020 from 7.59% YoY in
Jan 2020 and 2.57% in Feb 2019. Food inflation grew 10.81% in Feb
compared with a growth of 13.63% in Jan and a de-growth of 0.73% in the
same month of the previous year. Food and beverages inflation eased to
9.45% YoY in Feb from 11.79% in Jan. Vegetable prices eased to 31.61%
YoY in Feb compared with 50.19% in Jan.
• The Reserve Bank of India said it will undertake U.S. dollar sell/buy swaps to
provide liquidity in the foreign exchange market and is ready to take all
measures required to mitigate the risks from the coronavirus spread. It will
undertake six-month U.S. dollar sell/buy swaps, the bank said in a
statement. The swaps will be conducted through the auction route in
multiple tranches.
• Media reports showed the Goods and Services Tax (GST) Council could
consider a proposal to increase GST on mobile phones to 18% in its next
meeting on Mar 14, 2020. This is being done to correct the inverted duty
structure being faced by the industry. At present, mobile phones attract a
12% GST rate, even as several parts that go into making mobile phones fall
under the 18% GST rate bracket, creating a case where the duty on inputs is
higher than that on finished goods, leading to an inverted duty structure.
• Asian equity markets plunged as the World Health Organisation (WHO)
declared the coronavirus outbreak a global pandemic among heightened
fears over its spread and wide-ranging effects on businesses. Also, the U.S.
President's address on the coronavirus failed to impress investors. He put a
travel ban on Europe, except U.K. Today (as of Mar 13), Asian markets
opened with heavy losses as overnight U.S. markets nosedived and
coronavirus spread concerns loomed. Both Nikkei and Hang Seng fell 8.20%
and 7.36% (as at 8.a.m. IST), respectively.
• European markets saw their worst one-day drop in history, as investors
reacted to U.S. President’s decision to impose a travel ban on Europe and
the European Central Bank’s decision not to cut interest rates.
• U.S. markets witnessed a historic drop, worst since the 1987 market crash.
This came after the President and the Federal Reserve failed to ease
concerns over the economic slowdown from the coronavirus.
Markets for You
FII Derivative Trade Statistics
12-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 8974.08 7757.97 18413.93
Index Options 315768.39 316192.68 70729.94
Stock Futures 17969.64 17540.24 84523.00
Stock Options 4164.41 4205.96 4079.34
Total 346876.52 345696.85 177746.21
12-Mar Prev_Day
Change
Put Call Ratio (OI) 0.90 1.07 -0.17
Put Call Ratio(Vol) 0.83 0.80 0.03
12-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 4.93% 4.94% 4.93% 6.14%
T-Repo 4.70% 4.78% 4.91% 6.13%
Repo 5.15% 5.15% 5.15% 6.25%
Reverse Repo 4.90% 4.90% 4.90% 6.00%
91 Day T-Bill 4.85% 4.80% 5.09% 6.32%
364 Day T-Bill 4.89% 5.00% 5.23% 6.44%
10 Year Gilt 6.24% 6.24% 6.48% 7.36%
G-Sec Vol. (Rs.Cr) 68775 75493 27086 31361
FBIL MIBOR
[1]
5.14% 5.15% 5.15% 6.26%
3 Month CP Rate 5.60% 5.60% 5.75% 7.60%
5 Year Corp Bond 7.10% 6.78% 7.09% 8.39%
1 Month CD Rate 5.30% 5.19% 5.11% 7.12%
3 Month CD Rate 5.24% 5.35% 5.32% 7.29%
1 Year CD Rate 5.49% 5.57% 6.08% 7.79%
Currency 12-Mar Prev_Day
Change
USD/INR 74.17 73.81 0.36
GBP/INR 94.99 95.47 -0.47
EURO/INR 83.76 83.80 -0.04
JPY/INR 0.72 0.71 0.01
Commodity 12-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
31.51 45.85 51.08 56.84
Brent Crude($/bl) 31.56 51.63 56.13 64.77
Gold( $/oz) 1577 1670 1565 1302
Gold(Rs./10 gm) 43228 43294 40467 32033
Source: Refinitiv
[1]
Data as on 11 Mar 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
13 March 2020
Derivative Statistics- Nifty Options
Disclaimer:
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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.
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• Nifty Mar 2020 Futures stood at 9,546.60, a discount of 43.55 points below
the spot closing of 9,590.15. The turnover on NSE’s Futures and Options
segment rose to Rs. 26,32,978.45 crore on March 12, 2020, compared with
Rs. 14,25,247.04 crore on March 11, 2020.
• The Put-Call ratio stood at 0.75 compared with the previous session’s close
of 0.78.
• The Nifty Put-Call ratio stood at 0.9 compared with the previous session’s
close of 1.07.
• Open interest on Nifty Futures stood at 19 million, compared with the
previous session’s close of 19.6 million.
• Bond yields continued to rise owing to weak global cues and fears over the
coronavirus outbreak across the global. This raised concerns over foreign
fund outflows in the domestic debt market.
• Yield on the new 10-year benchmark paper (6.45% GS 2029) rose 11 bps to
close at 6.24% from the previous closing of 6.13% after moving in a range of
6.12% to 6.24%.
• Data from RBI showed that India's money supply as on Feb 28, 2020 grew
9.4% compared to an increase of 10.5% in the same period of the previous
year. Bank credit to commercial sector as on Feb 28, 2020 grew 6.3%
compared to an increase of 13.7% in the same period of the previous year.
The net foreign exchange assets of banking sector as on Feb 28, 2020 grew
24.1% compared to an increase of 3.4% in the same period of the previous
year.
• The Indian rupee in spot trade plunged against the greenback following
losses in the domestic equity market.
• The euro weakened against the greenback after the European Central Bank
in its monetary policy review announced more stimulus measures to fight
the coronavirus impact. However, further losses were restricted after the
European Central Bank did not lower interest rates as expected.
• Gold prices fell as market participants preferred to book profits at higher
levels.
• Brent crude prices plummeted amid concerns over the coronavirus outbreak
across the globe.
• A Labor Department report showed first-time claims for U.S. unemployment
benefits dipped to 211,000, a decrease of 4,000 from the previous week's
level of 215,000.
• A Labor Department report showed U.S. producer prices index for final
demand slid 0.6% in Feb 2020 after climbing 0.5% in Jan 2020.
• The New York Federal Reserve said that it will offer banks more than $1
trillion worth of additional short-term cash loans as part of an effort to
smooth operations in the Treasury and money markets.
• European Central Bank president surprised markets by leaving rates
unchanged but announced fresh stimulus measures including additional
EUR 120 billion bond purchases.
Markets for You
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