Global Indices
Global Indices 03-Sep Prev_Day Abs. Change
% Change
Russell 3000 1,779 1,870 -91 -4.86
Nasdaq 11,458 12,056 -598 -4.96
FTSE 5,851 5,941 -90 -1.52
Nikkei 23,466 23,247 218 0.94
Hang Seng 25,008 25,120 -112 -0.45
Indian Indices 03-Sep Prev_Day Abs. Change
% Change
S&P BSE Sensex 38,991 39,086 -95 -0.24
Nifty 50 11,527 11,535 -8 -0.07
Nifty 100 11,663 11,661 3 0.02
Nifty 500 9,535 9,518 16 0.17
Nifty Bank 23,531 23,875 -344 -1.44
S&P BSE Power 1,742 1,740 2 0.10
S&P BSE Small Cap 14,761 14,652 109 0.74
S&P BSE HC 19,025 18,891 134 0.71
Date P/E Div. Yield P/E Div. Yield
3-Sep 28.49 0.99 33.04 1.45
Month Ago 25.72 1.05 29.70 1.51
Year Ago 25.51 1.28 26.54 1.42
Nifty 50 Top 3 Gainers
Company 03-Sep Prev_Day
% Change
Bharti Infratel 219 196 11.45
Grasim Indus 725 678 6.82
Titan Industries Limited 1185 1121 5.71
Nifty 50 Top 3 Losers Domestic News
Company 03-Sep Prev_Day
% Change
ICICI Bank 383 392 -2.46
Bharti Airtel 538 551 -2.28
Hindalco 192 196 -2.14
Advance Decline Ratio
BSE NSE
Advances 1455 1024
Declines 1249 847
Unchanged 165 85
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 35572
MF Flows** 21541
*3
rd
Sep 2020; **1
st
Sep 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 02 Sep, 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
04 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
-264
1228
7.22%
(Apr-20)
• Indian equity markets closed marginally lower after private survey showed
domestic services sector activity remained in contraction for the sixth
successive month in Aug. However, investors found some solace as the
same rose significantly compared to the preceding month.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.24% and 0.07%
to close at 38,990.94 and 11,527.45 respectively.
• The overall market breadth on BSE was strong with 1,455 scrips advancing
and 1,249 scrips declining. A total of 166 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Consumer Durables was the major
gainer, up 3.37% followed by S&P BSE IT, up 1.51% and S&P BSE Teck, up
1.34%. S&P BSE Bankex was the major loser, down 1.51% followed by S&P
BSE Finance, down 0.94% and S&P BSE Metal, down 0.86%.
• Results of a private survey showed that the seasonally adjusted India
Services Business Activity Index
• rose sharply from 34.2 in Jul 2020 to 41.8 in Aug 2020. The Services
Business Activity Index thus stood at the highest level since Mar 2020.
Nevertheless, the reading came in below 50 indicating a continued decline
in business activity. Business activity declined on account of restrictions
imposed by the government to combat the COVID-19 pandemic. The
Composite PMI Output Index, which takes into consideration both the
manufacturing sector and services sector rose from 37.2 in Jul 2020 to 46.0
in Aug 2020.
• A major domestic credit rating agency after analyzing financial results of
489 companies observed that corporate revenues declined by 31% in the
quarter ended Jun 2020. The rating agency is of the view that restrictions
imposed by the government on manufacturing, industrial, construction and
consumption activities for the major part of Q1FY21 hurt the financial
performance of the Indian corporate sector.
• According to media reports, diesel price was cut for the first time in close to
six months after state-owned fuel retailers reduced retail selling rate by 16
paise per litre. Price of petrol remained unchanged at Rs. 82.08 per litre.
• According to media reports, the Finance Minister has asked banks and non-
banking financial companies to roll out their stressed loan resolution
schemes by Sep 15, 2020.
• Tata Motors' total domestic sales rose 21.6% YoY to 35,420 units in Aug
2020 period due to sharp growth in its passenger vehicle (PV) models. This
is the sharpest increase seen in the company's passenger vehicle sales in
more than a year.
• Jindal Steel and Power Ltd (JSPL) recorded 38% rise in its consolidated
steel sales with 8.36 lakh tonnes in Aug 2020 as against 6.06 lakh tonnes in
the corresponding period of the previous year. The consolidated steel
production rose 21% to 8.25 lakh tonnes in comparison to 6.81 lakh tonnes
in Aug 2019.
• Asian markets witnessed mixed trend with investors closely tracking the
developments on the persisting U.S. – China trade tensions. In retaliation to
China’s restriction on American diplomats based in China, U.S. government
said that it would now require senior Chinese diplomats to get State
Department approval before visiting U.S. university campuses or meeting
local officials. Today (as on Sep 04), Asian markets were trading lower
following sharp fall on the Wall Street overnight. Both Nikkei and Hang
Seng were trading lower 1.27% and 1.15%, respectively (as at 8 a.m. IST).
• European markets fell at the end after U.S market opened on a sell-off
mode. Weak euro area economic data and absence of any significantly
positive news too pushed market participants to book profits.
• U.S. markets fell heavily on profit booking after rising higher over the past
several weeks led by technology stocks. Experts suggested that the
recovery by the markets has been overdone.
Markets for You
FII Derivative Trade Statistics 03-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 3847.58 4667.70 10771.04
Index Options 289412.04 290522.84 59855.46
Stock Futures 13724.39 14332.33 87639.81
Stock Options 4560.87 4552.89 5336.75
Total 311544.88 314075.76 163603.06
03-Sep Prev_Day
Change
Put Call Ratio (OI) 1.33 1.36 -0.03
Put Call Ratio(Vol) 1.04 0.94 0.11
03-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 3.42% 3.43% 3.48% 5.34%
T-Repo 3.00% 3.02% 3.16% 5.24%
Repo 4.00% 4.00% 4.00% 5.40%
Reverse Repo 3.35% 3.35% 3.35% 5.15%
91 Day T-Bill 3.22% 3.27% 3.27% 5.39%
364 Day T-Bill 3.55% 3.56% 3.47% 5.68%
10 Year Gilt 5.92% 6.15% 5.84% 6.52%
G-Sec Vol. (Rs.Cr) 47908 28241 17692 31532
FBIL MIBOR
[1]
3.72% 3.70% 3.86% 5.45%
3 Month CP Rate 3.45% 3.45% 3.65% 5.85%
5 Year Corp Bond 6.61% 6.92% 6.45% 7.42%
1 Month CD Rate 3.12% 3.13% 3.16% 5.27%
3 Month CD Rate 3.32% 3.41% 3.32% 5.41%
1 Year CD Rate 3.83% 3.84% 3.76% 6.49%
Currency 03-Sep Prev_Day
Change
USD/INR 73.36 73.01 0.34
GBP/INR 97.47 97.60 -0.14
EURO/INR 86.55 86.89 -0.34
JPY/INR 0.69 0.69 0.00
Commodity 03-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 41.34 42.83 40.78 53.86
Brent Crude($/bl) 41.73 45.33 44.46 58.07
Gold( $/oz) 1931 1929 1977 1547
Gold(Rs./10 gm) 50840 51234 53615 39007
Source: Refinitiv
[1]
Data as on 02 Sep, 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
04 September 2020
Derivative Statistics- Nifty Options
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• Nifty Sep 2020 Futures stood at 11,542.80, a premium of 15.35 points
above the spot closing of 11,527.45. The turnover on NSE’s Futures and
Options segment rose to Rs.35,86,271.15 crore on September 03, 2020,
compared with Rs. 20,11,399.61 crore on September 02, 2020.
• The Put-Call ratio stood at 0.92 compared with the previous session’s close
of 0.87.
• The Nifty Put-Call ratio stood at 1.33 compared with the previous session’s
close of 1.36.
• Open interest on Nifty Futures stood at 11.38 million, compared with the
previous session’s close of 11.19 million.
• Bond yields fell for the sixth consecutive session on positive sentiment after
the Reserve Bank of India (RBI) modified its notification for increased hold-
to-maturity limits for banks and purchased bonds under special open market
operations.
• Yield on the 10-year benchmark paper (5.77% GS 2030) fell 2 bps to close at
5.90% compared to the previous days close of 5.92% after moving in a
range of 5.87% to 5.91%.
• Banks borrowed Rs. 215 crore under the central bank’s marginal standing
facility on Sep 02, 2020 compared borrowing of Rs. 104 crore on Sep 01,
2020.
• RBI announced the auction of three government securities namely 5.22% GS
2025, 6.19% GS 2034 and 7.16% GS 2050 for a notified amount of Rs.
30,000 crore. The auction would be carried out on Sep 4, 2020.
• The Indian rupee weakened and recorded its steepest fall against the U.S.
dollar in four months, as the U.S. dollar index extended its gains. Also
traders reducing short positions on the greenback also weighed on the
domestic currency. The rupee fell to 73.47 per dollar from the previous
close of 73.03.
• Euro fell against the U.S dollar even after U.S. initial weekly jobless claims
fell more than expected.
• Gold prices fell as upbeat macroeconomic data from the U.S. lowered the
safe haven appeal of the yellow metal.
• Brent crude prices fell after domestic gasoline demand fell to 8.78 million
barrels per day (bpd) for the week ended Aug 28.
• U.S. trade deficit widened and reached highest level in 12 years at $63.6
billion in Jul 2020 from a revised $53.5 billion ($50.7 billion originally
reported) in June. Imports rose 10.9% while exports increased 8.1% in Jul
2020.
• Provisional data showed, Greece's Gross domestic product (GDP) contracted
14% QoQ in the Jun quarter of 2020, compared with a 0.7% fall in the Mar
quarter of 2020.
• The latest survey from Caixin showed, China’s services PMI fell to 54 from
54.1 in Jul 2020. Individually, new order growth eased but remained strong.
Composite index rose to 55.1 Aug 2020 from 54.5 in Jul 2020.
• Final data from IHS Markit showed, Services Purchasing Managers' Index
(PMI) improved to 58.8 (flash estimate of 60.1) in Aug 2020 from 56.5 in Jul
2020.
Markets for You
