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30 Mar 2020
Markets for You
Global Indices
Global Indices 27-Mar Prev_Day Abs. Change
% Change
#
Russell 3000 1,185 1,230 -45 -3.66
Nasdaq 7,502 7,798 -295 -3.79
FTSE 5,510 5,816 -305 -5.25
Nikkei 19,389 18,665 725 3.88
Hang Seng 23,484 23,352 132 0.57
Indian Indices 27-Mar Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 29,816 29,947 -131 -0.44
Nifty 50 8,660 8,641 19 0.22
Nifty 100 8,747 8,732 15 0.17
Nifty 500 7,003 6,994 9 0.14
Nifty Bank 19,969 19,614 355 1.81
S&P BSE Power 1,366 1,362 3 0.25
S&P BSE Small Cap
9,497 9,470 27 0.28
S&P BSE HC 11,629 11,607 21 0.18
Date P/E Div. Yield P/E Div. Yield
27-Mar 18.18 1.47 19.52 1.76
Month Ago 24.33 1.10 26.48 1.31
Year Ago 27.78 1.15 28.05 1.18
Nifty 50 Top 3 Gainers
Company 27-Mar Prev_Day
% Change
#
Coal India 132 123 6.86
Cipla 408 386 5.57
Axis Bank 360 341 5.37
Nifty 50 Top 3 Losers Domestic News
Company 27-Mar Prev_Day
% Change
#
Bajaj Finance 2542 2794 -9.00
Hero Moto 1661 1802 -7.81
IndusInd Bank 411 436 -5.69
Advance Decline Ratio
BSE NSE
Advances 1133 1028
Declines 1171 811
Unchanged 177 121
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -45435
MF Flows** 34539
*27
th
Mar 2020; **23
rd
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 26 Mar 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
30 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
-60
11
5.54%
(Nov-19)
• Indian equity markets witnessed a volatile session as investors reacted to
the Reserve Bank of India’s steep rate-cut decision and announcement of
various measures to help the economy cope with the pandemic. RBI cut the
repo rate by 75 bps and said the outlook was heavily dependent on the
intensity and spread of the pandemic. RBI governor admitted that growth
projection of 4.7% for the Mar 2020 quarter and 5% for FY20 were at risk.
• Key benchmark indices S&P BSE Sensex lost 0.44% and Nifty 50 gained
0.22% to close at 29,815.59 and 8,660.25 respectively. S&P BSE MidCap lost
0.29% and S&P BSE SmallCap gained 0.28%.
• The overall market breadth on BSE was weak with 1,133 scrips advancing
and 1,171 scrips declining. A total of 177 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Bankex was the major gainer, up 0.96%
followed by S&P BSE Metal, up 0.47% and S&P BSE Consumer Durables, up
0.28%. S&P BSE Telecom was the major loser, down 5.18% followed by S&P
BSE Auto, down 2.35% and S&P BSE Oil & Gas, down 1.5%.
• The Monetary Policy Committee (MPC) lowered the key policy repo rate by
75 bps to 4.40% from the earlier 5.15% in order to combat the coronavirus
outbreak across the country and the nationwide lockdown. The reverse
repo rate was reduced by 90 bps to 4.0% while the bank rate and the
marginal standing facility rate stand reduced at 4.65% from the previous
5.40%. The MPC decided to continue with the accommodative stance on
the monetary policy as long as it is necessary to revive the growth and
mitigate the impact of coronavirus outbreak on the economy. The Reserve
Bank of India (RBI) Governor further added that the MPC committee
advanced their meeting to Mar 24 from Mar 27 as compared from Apr 1 to
Apr 3 which was scheduled earlier. Four members of the committee voted
for a 75 bps reduction in the key policy repo rate while two members voted
for a reduction of 50 bps.
• RBI gave approval to all commercial banks. co-operative banks, all-India
Financial Institutions, and non-banking financial companies to allow a
moratorium of three months on payment of instalments for all term loans
that are outstanding as on Mar 1, 2020. Similarly, RBI also gave approval for
deferment of interest on working capital facilities by three months. The
objective of the move is to help borrowers tide over the difficulties caused
by the coronavirus outbreak across the country.
• RBI has decided to conduct Targeted Long Term Repos Operations
(TLTROs) of up to three years tenor of appropriate sizes for a total amount
of up to Rs. 1,00,000 crore at a floating rate linked to the policy repo rate.
• RBI decided to reduce the cash reserve ratio (CRR) of all banks by 100 bps
to 3% of net demand and time liabilities. The new norms will come into
effect from Mar 28, 2020 and will be available for one year ending on Mar
26, 2021. The move is expected to release primary liquidity to the tune of
Rs. 1.37 lakh crore uniformly across the banking system.
• Asian equity markets were mixed as worries about an imminent global
recession overshadowed investor optimism over U.S. stimulus. Even G20
countries pledged to pour $5 trillion into the global economy to overcome
the COVID-19 crisis. Today (as of Mar 30), Asian markets opened lower as
investors continue to assess the economic impact of the global coronavirus
pandemic that continues to spread rapidly. Both Nikkei and Hang Seng
plunged fell 4.11% and 2.09% (as at 8.a.m. IST), respectively.
• European markets lost as investors took stock of the spread of coronavirus
while policymakers tried to agree on a unified response.
• U.S. markets declined as investors focused back on the coronavirus
outbreak. The U.S. has become the new epicentre of the outbreak with the
highest number of confirmed cases.
Markets for You
FII Derivative Trade Statistics
27-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 10681.69 11042.12 7400.71
Index Options 192274.93 193393.95 25888.05
Stock Futures 16188.65 16444.88 60343.14
Stock Options 468.93 495.07 354.50
Total 219614.20 221376.02 93986.40
27-Mar Prev_Day
Change
Put Call Ratio (OI) 1.23 1.17 0.06
Put Call Ratio(Vol) 0.75 0.82 -0.06
27-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 4.68% 5.00% 4.93% 6.22%
T-Repo 0.85% 4.37% 4.84% 6.02%
Repo 4.40% 5.15% 5.15% 6.25%
Reverse Repo 4.00% 4.90% 4.90% 6.00%
91 Day T-Bill 4.21% 4.78% 5.02% 6.31%
364 Day T-Bill 4.60% 4.92% 5.13% 6.39%
10 Year Gilt 6.14% 6.26% 6.38% 7.33%
G-Sec Vol. (Rs.Cr) 40371 42471 50755 31053
FBIL MIBOR
[1]
5.48% 5.16% 5.00% 6.25%
3 Month CP Rate 5.90% 6.50% 6.00% 7.55%
5 Year Corp Bond 6.99% 7.19% 6.86% 8.34%
1 Month CD Rate 5.49% 5.63% 5.17% 8.13%
3 Month CD Rate 5.16% 5.29% 5.42% 7.26%
1 Year CD Rate 7.38% 7.23% 5.75% 7.49%
Currency 27-Mar Prev_Day
Change
USD/INR 74.84 75.24 -0.40
GBP/INR 91.56 89.02 2.54
EURO/INR 82.64 82.05 0.59
JPY/INR 0.69 0.68 0.01
Commodity 27-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
14.73 19.43 47.12 59.34
Brent Crude($/bl) 20.31 25.99 53.18 67.94
Gold( $/oz) 1618 1498 1642 1309
Gold(Rs./10 gm) 40989 40989 42451 32067
Source: Refinitiv
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
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30 March 2020
Derivative Statistics- Nifty Options
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• Nifty Apr 2020 Futures stood at 8,651.40, a discount of 8.85 points below
the spot closing of 8,660.25. The turnover on NSE’s Futures and Options
segment fell to Rs. 4,29,040.68 crore on March 27, 2020, compared with Rs.
14,46,506.47 crore on March 26, 2020.
• The Put-Call ratio stood at 0.7 compared with the previous session’s close of
0.82.
• The Nifty Put-Call ratio stood at 1.23 compared with the previous session’s
close of 1.17.
• Open interest on Nifty Futures stood at 11.27 million, compared with the
previous session’s close of 18.63 million.
• Bond yields fell further as the Monetary Policy Committee trimmed the key
interest rate by 75 bps to 4.40% to lower the impact of coronavirus on the
economy. Besides, bond purchase under open market operation also aided
sentiments.
• Yield on the new 10-year benchmark paper (6.45% GS 2029) dropped 8 bps
to close at 6.14% from the previous closing of 6.22% after moving in a range
of 5.98% to 6.17%.
• RBI conducted a Targeted Long Term Repo Operation (TLTRO) for a notified
amount of Rs. 25,000 crores with a 3-year tenor. Total amount of bids
received were for Rs. 60,500 crore, of which Rs. 25,009 crore was accepted.
• The Indian rupee in spot trade rose against the greenback following selling
of the greenback by some banks on behalf of the Reserve Bank of India. The
greenback also remained under pressure after initial jobless claims in U.S.
surged for the week ended Mar 21, 2020.
• The euro rose against the greenback after key central banks and
governments across the globe adopted stimulus measures worth trillions of
dollars.
• Gold prices fell on hopes that the $2.2 trillion stimulus package bill in U.S.
will soon be passed.
• Brent crude prices plunged to a near 20-year low and closed just above 20$
per barrel on persisting concerns over the coronavirus outbreak across the
globe
• Fitch Ratings affirmed the sovereign ratings of the U.S. at 'AAA' with a
stable outlook, citing its structural strengths.
• A Commerce Department report showed personal income in the U.S.
increased more than expected in Feb 2020, while personal spending rose
0.6%, in line with estimates.
• National Bureau of Statistics showed China's industrial profits declined
38.3% during Jan to Feb 2020 from the same period last year.
• Ministry of Communications and Internal Affairs said overall consumer
prices in the Tokyo region of Japan were up 0.4% YoY in Mar 2020,
unchanged from the Feb 2020 reading. Core CPI, which excludes volatile
food prices, also advanced an annual 0.4%.
Markets for You
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