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22 May 2020
Markets for You
Global Indices
Global Indices 21-May Prev_Day Abs. Change
% Change
#
Russell 3000 1,445 1,455 -10 -0.72
Nasdaq 9,285 9,376 -91 -0.97
FTSE 6,015 6,067 -52 -0.86
Nikkei 20,552 20,595 -43 -0.21
Hang Seng 24,280 24,400 -120 -0.49
Indian Indices 21-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 30,933 30,819 114 0.37
Nifty 50 9,106 9,067 40 0.44
Nifty 100 9,300 9,249 51 0.55
Nifty 500 7,471 7,427 44 0.59
Nifty Bank 17,735 17,840 -105 -0.59
S&P BSE Power 1,426 1,443 -17 -1.18
S&P BSE Small Cap
10,548 10,472 76 0.72
S&P BSE HC 15,452 15,354 98 0.64
Date P/E Div. Yield P/E Div. Yield
21-May 19.42 1.21 21.14 1.67
Month Ago 18.42 1.34 20.10 1.69
Year Ago 28.71 1.20 29.18 1.12
Nifty 50 Top 3 Gainers
Company 21-May Prev_Day
% Change
#
ITC 189 176 7.51
Hindalco 130 121 7.20
Asian Paints 1574 1500 4.95
Nifty 50 Top 3 Losers Domestic News
Company 21-May Prev_Day
% Change
#
Bajaj Finserv Limited 4539 4702 -3.46
IndusInd Bank 347 357 -2.94
NTPC 90 93 -2.85
Advance Decline Ratio
BSE NSE
Advances 1323 1049
Declines 925 721
Unchanged 166 122
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -45618
MF Flows** 32626
*21
st
May 2020; **19
th
May 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
5.91%
(Mar-20)
2.86%
(Mar-19)
IIP
-16.70%
(Mar-20)
2.70%
(Mar-19)
GDP
4.70%
(Dec-19)
5.60%
(Dec-18)
[1]
Data as on 20 May 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
22 May 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
0.40%
(Dec-19)
5.10%
(Sep-19)
Quarter Ago
Inflow/Outflow
706
-1700
7.35%
(Dec-19)
• Indian equity markets edged higher with investors taking positive cues from
the government announcement on resumption of domestic airline
operations from May 25, almost two months after the operations were
suspended on Mar 25. However, gains were restricted after one of the
domestic ratings-agency said that modest fiscal support, lock down
extension and looming labour supply mismatches suggest deeper GDP
contraction of 5% in FY21.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.37% and
0.44% to close at 30,932.90 and 9,106.25 respectively. S&P BSE MidCap and
S&P BSE SmallCap gained 0.76% and 0.72% respectively.
• The overall market breadth on BSE was strong with 1,323 scrips advancing
and 925 scrips declining. A total of 166 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Auto was the major gainer, up 2.45%
followed by S&P BSE Consumer Discretionary Goods & Services, up 2.09%
and S&P BSE Metal, up 1.84%. S&P BSE Power was the major loser, down
1.18% followed by S&P BSE Capital Goods, down 1.05% and S&P BSE
Finance, down 0.74%.
• Banks asks RBI to push moratorium date to Aug 31, 2020 instead of June 7,
2020. Currently, if borrowers fails to pay principal or interest within 90 days
are classified as non-performing assets (NPA). Some banks want this limit to
be raised to 180 days to limit the surge in NPAs to deal economic
slowdown. In addition, banks and NBFCs also requested for one-time
restructuring of loans as relief measure.
• Finance Commission says, the bleeding pockets of government to tackle
pandemic and reduction in economic activities will push up the debt to GDP
ratio in FY21. The outstanding debt of the states has risen over the last five
years to 25% of the GDP in FY20, posing medium-term challenges to its
sustainability. The Centre’s debt-to-GDP was estimated to be around 49%
of GDP in FY20, up from 48.7% in FY19.
• The income tax department has notified the 'safe harbour' rates for FY19-
20 fiscal for calculation of transfer pricing by foreign companies in India.
The Central Board of Direct Taxes (CBDT) has notified changes to Rules
10TD and 10TE of Income Tax Rules relating to Safe Harbour Rules. It said
rates applicable from Assessment Year (AY) FY17-18 to FY19-20 will
continue to apply for AY 2020-21.
• The government released Rs. 92,077 crore towards devolution of central
taxes to states for Apr and May 2020. The devolution amount for Apr 2020
stood at Rs. 46,038.10 crore, while for May, it is Rs. 46,038.70 crore. The
Budget had projected the share of the states in taxes at Rs. 7.84 lakh crore
for FY20-21.
• Asian markets largely remained under pressure as investors remained
worried over the U.S.- China tension. Weak economic data from Japan also
weighed on market sentiments. Today (as on May 22), Asian markets was
little changed as tensions between China and the U.S. rise. While Nikkei
traded down 2.15%, Hang Seng market was up 0.08% (as at 8.a.m. IST).
• European markets declined as euro zone PMI (purchasing managers’ index)
data indicated another slowdown in activity for the region’s manufacturing
and services industry in May 2020. A report from the World Health
Organization (WHO) saying new coronavirus cases rose across the globe
this week weighed.
• U.S. markets fell after strong gains in the previous session. Some major
technology stocks decline. Dismal U.S. initial weekly jobless claims and rising
tensions between U.S. with China, pushed the market lower.
Markets for You
FII Derivative Trade Statistics
21-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 6517.28 6300.87 5753.22
Index Options 209956.51 210352.58 35699.96
Stock Futures 14526.61 14370.16 76337.49
Stock Options 3716.39 3651.72 3324.62
Total 234716.79 234675.33 121115.29
21-May Prev_Day
Change
Put Call Ratio (OI) 1.24 1.18 0.06
Put Call Ratio(Vol) 1.04 0.89 0.15
21-May Wk. Ago Mth. Ago
Year Ago
Call Rate 3.94% 3.92% 4.10% 5.94%
T-Repo 2.77% 2.11% 3.28% 5.98%
Repo 4.40% 4.40% 4.40% 6.00%
Reverse Repo 3.75% 3.75% 3.75% 5.75%
91 Day T-Bill 3.22% 3.40% 3.74% 6.35%
364 Day T-Bill 3.70% 3.71% 4.00% 6.40%
10 Year Gilt 6.03% 6.02% 6.21% 7.30%
G-Sec Vol. (Rs.Cr) 39989 53852 46870 23486
FBIL MIBOR
[1]
4.43% 4.42% 4.49% 6.05%
3 Month CP Rate 4.35% 4.65% 5.60% 7.20%
5 Year Corp Bond 6.99% 6.97% 6.86% 8.31%
1 Month CD Rate 3.81% 3.91% 3.82% 6.92%
3 Month CD Rate 3.47% 3.65% 4.53% 7.07%
1 Year CD Rate 4.59% 4.61% 5.21% 7.53%
Currency 21-May Prev_Day
Change
USD/INR 75.78 75.67 0.11
GBP/INR 92.38 92.64 -0.26
EURO/INR 83.04 82.81 0.23
JPY/INR 0.70 0.70 0.00
Commodity 21-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
34.15 26.90 8.86 62.97
Brent Crude($/bl) 34.57 28.55 5.61 73.93
Gold( $/oz) 1725 1729 1686 1275
Gold(Rs./10 gm) 40989 40989 40989 31540
Source: Refinitiv
[1]
Data as on 20 May 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
22 May 2020
Derivative Statistics- Nifty Options
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• Nifty May 2020 Futures stood at 9,075.10, a discount of 31.15 points below
the spot closing of 9,106.25. The turnover on NSE’s Futures and Options
segment rose to Rs. 23,43,597.19 crore on May 21, 2020, compared with Rs.
12,20,838.30 crore on May 20, 2020.
• The Put-Call ratio stood at 0.84 compared with the previous session’s close
of 0.87.
• The Nifty Put-Call ratio stood at 1.24 compared with the previous session’s
close of 1.00.
• Open interest on Nifty Futures stood at 9.8 million, compared with the
previous session’s close of 9.89 million.
• Bond yields eased on hopes that the Reserve Bank of India will announce
open market bond purchases. Meanwhile, market participants await the
debt weekly auction on Friday.
• Yield on the old 10-year benchmark paper (6.45% GS 2029) eased 1 bps to
close at 6.03% from the previous closing of 6.04% after moving in a range of
6.03% to 6.05%.
• Yield on the new 10-year benchmark paper (5.79% GS 2030) closed
unchanged at 5.77% from the previous close after moving in a range of
5.75% to 5.77%.
• Reliance Jio Infocomm plans to raise funds selling commercial papers
maturing in 3 months at a coupon of 3.90%. It has received commitments
worth around Rs. 2000 crore.
• The Indian rupee gained against the U.S. dollar following rise in domestic
equity market. However, rising tensions between the U.S. and China
continued to rule the broader market. .
• The euro rose for the fifth straight session as optimism about a closer fiscal
union in Europe remained high among market participants as dismal
economic data failed to change sentiment amid U.S.-China tensions. .
• Gold prices plunged after rising in the last two straight sessions on rising
U.S. dollar index and as market participants weighed some signs of
improvement in the latest economic data. Gold prices increased to $1723.84
per ounce from the previous close of $1748.98 per ounce.
• The Chinese companies will be prevented from listing their shares on US
exchange, if US standard for audits and regulations are not followed. The
measure also would require public companies disclose whether they are
owned or controlled by a foreign government.
• The composite output index of Euro area rose to 30.5 in May 2020 from a
record low 13.6 in Apr 2020. The prior low of 36.2 was seen during the peak
of the global financial crisis in Feb 2009.
• China's industrial production rebounded and the decline in retail sales
slowed in April, suggesting that the economy is recovering slowly as Covid-
19, subsides. Industrial production grew 3.9% YoY in Apr 2020 while retail
sales fell 7.5% YoY. Fixed asset investment has also fallen to 10.3% in Jan
2020.
Markets for You
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