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02 Sep 2020
Markets for You
Global Indices
Global Indices 01-Sep Prev_Day Abs. Change
% Change
#
Russell 3000 1,850 1,825 25 1.38
Nasdaq 11,940 11,775 164 1.39
FTSE 5,862 5,964 -102 -1.70
Nikkei 23,138 23,140 -2 -0.01
Hang Seng 25,185 25,177 8 0.03
Indian Indices 01-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,901 38,628 273 0.71
Nifty 50 11,470 11,388 83 0.73
Nifty 100 11,587 11,496 91 0.79
Nifty 500 9,442 9,372 70 0.75
Nifty Bank 23,812 23,754 58 0.24
S&P BSE Power 1,713 1,670 43 2.56
S&P BSE Small Cap 14,413 14,336 77 0.54
S&P BSE HC 18,745 18,388 358 1.94
Date P/E Div. Yield P/E Div. Yield
1-Sep 28.32 0.98 32.53 1.45
Month Ago 26.20 1.03 30.20 1.49
Year Ago 26.25 1.24 27.27 1.39
Nifty 50 Top 3 Gainers
Company 01-Sep Prev_Day
% Change
#
Bharti Airtel 546 513 6.46
JSW Steel 287 270 6.30
Hindalco 194 185 4.75
Nifty 50 Top 3 Losers Domestic News
Company 01-Sep Prev_Day
% Change
#
Bharti Infratel 189 199 -4.91
ONGC 79 82 -3.17
Axis Bank 486 497 -2.22
Advance Decline Ratio
BSE NSE
Advances 1136 780
Declines 1521 1081
Unchanged 161 91
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 33771
MF Flows** 20854
*1
st
Sep 2020; **28
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
-23.90%
(Jun-20)
5.20%
(Jun-19)
[1]
Data as on 31 Aug, 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
02 September 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)
3.10%
(Mar-20)
Quarter Ago
Inflow/Outflow
-118
-2358
7.22%
(Apr-20)
• Indian equity markets rose as investors turned focus towards IHS Markit
India manufacturing PMI for Aug which signalled growth and rebound in
production volumes for the first time in five months. Buying interest in
telecom stocks too contributed to the upside after Supreme Court ruled
that telecom companies will be allowed 10 years for staggered payment of
adjusted gross revenue (AGR) dues.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.71% and
0.73% to close at 38,900.80 and 11,470.25 respectively.
• The overall market breadth on BSE was weak with 1,136 scrips advancing
and 1,521 scrips declining. A total of 162 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Telecom was the major gainer, up 3.81%
followed by S&P BSE Metal, up 3.35% and S&P BSE Power, up 2.56%. S&P
BSE IT was the major loser, down 0.93% followed by S&P BSE Oil & Gas,
down 0.44% and S&P BSE Teck, down 0.12%.
• Results of a private survey showed that the headline seasonally adjusted
IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose from
46.0 in Jul 2020 to 52.0 in Aug 2020. The expansion comes on account of
improvement in operating conditions across the domestic manufacturing
sector.
• The Reserve Bank of India (RBI) gave approval to banks to consider fresh
government securities that it has acquired from Sep 1, 2020 under the held
to maturity bracket up to an overall limit of 22% of its net demand and time
liabilities till Mar 31, 2021. The objective of the move is to increase the
demand of government securities among banks without worrying about
mark-to-market losses due to adverse fluctuation in bond yields.
• RBI announced that it will conduct term repo operations for an aggregate
amount of Rs. 100,000 crore at floating rates (prevailing repo rate) in the
middle of Sep 2020. The objective of the move is to ensure that there is
sufficient liquidity in the system amid advance tax outflows. RBI also
mandated that banks who had availed funds under the long term repo
operations may consider refinancing their borrowings via these term repo
auctions at lower costs. The objective of the move is to reduce the cost of
funds for banks.
• RBI announced that it will conduct additional special open market
operation which will include the simultaneous purchase and sale of
Government securities for an aggregate amount of Rs. 20,000 crore in two
tranches of Rs. 10,000 crore each. The auction will be conducted on Sep 10,
2020 and Sep 17, 2020.
• Venture Catalysts (VC) said it has raised Rs. 100 crore for a new fund
investing in more than 100 Indian startups.
• Mahindra & Mahindra 's domestic auto sales fell 13% YoY, even as tractor
sales in Aug 2020 advanced 69%. During the month the company
dispatched 29,257 units, compared to last year's 33,564 units. The medium
and heavy commercial vehicles and three wheelers dragged down the
volumes which dropped 71% and 94%, respectively.
• Asian markets witnessed a mixed trend as positive cues from encouraging
data from Chinese manufacturing sector for Aug was neutralised by worries
over rising coronavirus cases and geopolitical tensions. Today (as on Sep
02), Asian markets were trading higher following record high on the Wall
Street overnight. Both Nikkei and Hang Seng were trading higher 0.53%
and 0.22%, respectively (as at 8 a.m. IST).
• European markets witnessed a mixed trend with investors reacting to a
slew of economic data from across the globe. Worries about rising new
coronavirus cases and possibility of further quarantine restrictions in the
U.K. also weighed on stocks.
• U.S. markets rose led by technology stocks and after the Institute for
Supply Management released a report showed manufacturing activity in
the U.S. expanded at a faster rate in Aug 2020.
Markets for You
FII Derivative Trade Statistics 01-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 7528.51 11596.29 11127.13
Index Options 308568.97 308785.44 57972.89
Stock Futures 24825.62 26169.73 85579.18
Stock Options 7892.34 7896.39 4275.27
Total 348815.44 354447.85 158954.47
01-Sep Prev_Day
Change
Put Call Ratio (OI) 1.29 1.17 0.11
Put Call Ratio(Vol) 0.91 1.12 -0.21
01-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 3.43% 3.43% 3.48% 5.38%
T-Repo 3.00% 3.09% 3.16% 5.25%
Repo 4.00% 4.00% 4.00% 5.40%
Reverse Repo 3.35% 3.35% 3.35% 5.15%
91 Day T-Bill 3.21% 3.15% 3.27% 5.35%
364 Day T-Bill 3.54% 3.50% 3.46% 5.70%
10 Year Gilt 5.91% 6.16% 5.84% 6.56%
G-Sec Vol. (Rs.Cr) 60105 34741 33111 29394
FBIL MIBOR
[1]
3.78% 3.77% 3.86% 5.45%
3 Month CP Rate 3.45% 3.45% 3.65% 5.90%
5 Year Corp Bond 6.67% 6.87% 6.33% 7.54%
1 Month CD Rate 3.16% 3.13% 3.22% 5.26%
3 Month CD Rate 3.34% 3.45% 3.33% 5.49%
1 Year CD Rate 3.83% 3.77% 3.75% 6.50%
Currency 01-Sep Prev_Day
Change
USD/INR 72.82 73.60 -0.77
GBP/INR 97.69 98.13 -0.44
EURO/INR 87.31 87.57 -0.27
JPY/INR 0.69 0.70 -0.01
Commodity 01-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 42.71 43.12 40.05 55.02
Brent Crude($/bl) 45.65 46.80 43.74 61.13
Gold( $/oz) 1970 1928 1975 1520
Gold(Rs./10 gm) 51521 51440 53615 38405
Source: Refinitiv
[1]
Data as on 31 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
02 September 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 Sep 2020 Futures stood at 11,510.95, a premium of 40.70 points
above the spot closing of 11,470.25. The turnover on NSE’s Futures and
Options segment fell to Rs. 19,98,166.36 crore on September 01, 2020,
compared with Rs. 23,48,238.21 crore on August 31, 2020.
• The Put-Call ratio stood at 0.91 compared with the previous session’s close
of 1.12.
• The Nifty Put-Call ratio stood at 1.29 compared with the previous session’s
close of 1.17.
• Open interest on Nifty Futures stood at 10.73 million, compared with the
previous session’s close of 11.78 million.
• Bond yields plunged after the Reserve Bank of India (RBI) announced a slew
of measures aimed at reviving investor appetite.
• RBI announced to conduct more special open market operations for Rs.
20,000 crore in Sep 2020 and raised banks’ held-to-maturity limit to 22% of
net demand and time liabilities for bond purchases between Sep 1, 2020
and Mar 31, 2021. Securities held under held-to-maturity need not be
marked to market, protecting banks from adverse yield movements.
• RBI will also conduct term repo operations for an aggregate amount of Rs.
100,000 crore at floating rates in Sep 2020 to ease pressures on the market
on account of advance tax outflows.
• Yield on the present 10-year benchmark paper (5.79% GS 2030) fell 17 bps
to close at 5.91% compared to the previous day’s closing of 6.08% after
trading in a range of 5.89% to 5.98%.
• The Indian rupee rose at its fastest pace in 21 months against the U.S. dollar
after the Reserve Bank of India said the recent rise in the domestic currency
had helped contain imported inflation. The rupee rose 1.02% to 72.86 per
dollar from the previous close of 73.61.
• The euro rose against the U.S. dollar as market participants anticipated the
U.S. Federal Reserve's policy framework meant U.S. rates would stay low for
longer.
• Gold prices fell following better than expected U.S manufacturing data for
Aug 2020 which in turn lowered the safe haven appeal of the bullion.
• Brent crude prices fell due to persisting concerns over COVID-19 pandemic.
• The Institute for Supply Management showed, U.S. Purchasing Managers
Index (PMI) rose to 56.0 in Aug 2020 from 54.2 in Jul 2020. Index rose as the
new orders index surged to 67.6 in Aug 2020 from 61.5 in Jul 2020. The
production index also increased to 63.3 in Aug 2020 from 62.1 in Jul 2020.
• Preliminary data showed, Eurozone consumer prices contracted 0.2% YoY in
Aug 2020 compared with a 0.4% rise in Jul 2020.
• Survey data from IHS Markit showed China’s Caixin manufacturing
Purchasing Managers' Index (PMI) rose to 53.1 in Aug 2020 from 52.8 in Jul
2020. Index moved the most since Jan 2011.
• Australia's central bank kept its interest rate unchanged at a record low and
quantitative easing unchanged.
Markets for You
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