Global Indices
Global Indices 11-Sep Prev_Day Abs. Change
% Change
Russell 3000 1,693 1,702 -9 -0.51
Nasdaq 10,854 10,920 -66 -0.60
FTSE 6,032 6,003 29 0.48
Nikkei 23,406 23,235 171 0.74
Hang Seng 24,503 24,314 190 0.78
Indian Indices 11-Sep Prev_Day Abs. Change
% Change
S&P BSE Sensex 38,855 38,840 14 0.04
Nifty 50 11,464 11,449 15 0.13
Nifty 100 11,590 11,563 27 0.23
Nifty 500 9,446 9,420 26 0.28
Nifty Bank 22,480 22,466 14 0.06
S&P BSE Power 1,690 1,685 5 0.27
S&P BSE Small Cap 14,558 14,483 75 0.52
S&P BSE HC 18,834 18,769 65 0.34
Date P/E Div. Yield P/E Div. Yield
11-Sep 28.45 0.99 32.86 1.46
Month Ago 26.93 1.00 31.37 1.46
Year Ago 26.20 1.24 27.13 1.39
Nifty 50 Top 3 Gainers
Company 11-Sep Prev_Day
% Change
Wipro 293 285 3.08
SBI 203 198 2.30
Tech Mahindra 765 750 2.02
Nifty 50 Top 3 Losers Domestic News
Company 11-Sep Prev_Day
% Change
Zee Ente. 218 223 -2.26
IndusInd Bank 610 620 -1.63
Power Grid 175 178 -1.38
Advance Decline Ratio
BSE NSE
Advances 1375 982
Declines 1301 869
Unchanged 196 99
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 32618
MF Flows** 18935
*11
th
Sep 2020; **9
th
Sep 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
6.93%
(Jul-20)
3.15%
(Jul-19)
IIP
-10.40%
(Jul-20)
4.90%
(Jul-19)
GDP
-23.90%
(Jun-20)
5.20%
(Jun-19)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
14 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
-57.60%
(Apr-20)
3.10%
(Mar-20)
Quarter Ago
Inflow/Outflow
69
920
7.22%
(Apr-20)
• Indian equity markets witnessed modest gains after India and China agreed
on a five-point plan for resolving the prolonged border face-off in eastern
Ladakh that included abiding by all existing agreements and protocol on
management of the frontier, maintaining peace and tranquillity and
avoiding any action that could escalate matters.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.04% and
0.13% to close at 38,854.55 and 11,464.45 respectively.
• The overall market breadth on BSE was strong with 1,375 scrips advancing
and 1,301 scrips declining. A total of 196 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Realty was the major gainer, up 1.31%
followed by S&P BSE IT, up 1.15% and S&P BSE Consumer Durables, up
0.87%. S&P BSE Telecom was the major loser, down 0.97% followed by S&P
BSE Utilities, down 0.07%.
• India’s Index of Industrial production (IIP) fell sharply by 10.4% YoY in Jul
2020 but slower than 15.8% decline in Jun 2020. Output contracted for the
fifth straight month. Manufacturing that accounts for 78% of the IIP,
output contracted 11% in Jul 2020, better than 15.9% fall. Mining and
electricity generation output fell 13% and 2.5%, respectively.
• India's economic growth would contract 11.5% in FY21 due to the
coronavirus pandemic. For FY22, economy is projected to growth 10.6%,
rating agency Moody’s said. India’s credit profile increasingly constrained by
low growth, high debt burden and a weak financial system, said the agency.
• The Reserve Bank of India (RBI) circular issued new guidelines for the
appointment of chief compliance officer (CCO) in banks. The guidelines to
ensure uniform approach with regard to compliance and risk management
culture across the banking industry. The CCO should be appointed for a
minimum fixed period of three years in the rank of a general manager or
not below two levels of the rank of CEO.
• Public sector banks have sanctioned over 90% loans under the PM Street
Vendor's AatmaNirbhar Nidhi scheme launched on June 1 to help
registered street vendors restart their business post the Covid-19
lockdown. Under the scheme, street vendors of urban areas get collateral-
free loan of up to Rs 10,000 for a period of one year.
• BHEL's consolidated net loss widened to Rs. 893.14 crore for the quarter
ended June 2020 as against net loss of Rs. 218.93 crore in the quarter
ended Jun 2019. The losses rose as coronavirus-induced lockdown had an
adverse impact on its operations.
• The promoter of Hexaware Technologies HT Global IT Solutions Holdings
has made use of USD 600 million by pledging the company's more than 18
crore shares, which are expected to be voluntarily withdrawn from the
stock exchanges.
• Asian markets largely remained positive as investors tracked the regional
technology stock movements following a decline in the stocks of the
counterparts in Wall Street. However, gains were restricted amid a recent
rise in tensions between the U.K. and EU. Today (as on Sep 14), markets are
trading higher tracking gains in the shares of one of the Japanese
multinational conglomerates following an announcement of its sale of U.K.
chip designer arm to one of the U.S. chip firms. Both Nikkei and Hang Seng
are up 0.62% and 0.65%, respectively.
• Majority of the European markets advanced following announcement from
Britain that it has secured its first major trade deal post-Brexit, agreeing to
a tentative free trade deal with Japan.
• U.S. markets edged higher amid cautious trade as investors preferred to
pick up beaten down stocks at relatively attractive valuation. Nonetheless,
significant volatility over past few sessions kept investors on tenterhooks.
Markets for You
FII Derivative Trade Statistics
11-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 4817.36 4208.15 9157.47
Index Options 393050.09 387759.74 55036.60
Stock Futures 14908.71 14462.17 84930.07
Stock Options 9570.55 9506.97 6883.42
Total 422346.71 415937.03 156007.56
11-Sep Prev_Day
Change
Put Call Ratio (OI) 1.49 1.46 0.03
Put Call Ratio(Vol) 0.97 0.96 0.01
11-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 3.41% 3.43% 3.47% 5.32%
T-Repo 3.20% 3.02% 3.20% 5.17%
Repo 4.00% 4.00% 4.00% 5.40%
Reverse Repo 3.35% 3.35% 3.35% 5.15%
91 Day T-Bill 3.28% 3.23% 3.28% 5.32%
364 Day T-Bill 3.59% 3.52% 3.48% 5.65%
10 Year Gilt 6.00% 5.95% 5.90% 6.68%
G-Sec Vol. (Rs.Cr) 30587 33531 25800 39952
FBIL MIBOR 3.77% 3.71% 3.81% 5.45%
3 Month CP Rate 3.50% 3.45% 3.70% 5.80%
5 Year Corp Bond 6.75% 6.59% 6.56% 7.56%
1 Month CD Rate 3.35% 3.17% 3.07% 5.10%
3 Month CD Rate 3.44% 3.33% 3.37% 5.66%
1 Year CD Rate 3.88% 3.80% 3.76% 6.46%
Currency 11-Sep Prev_Day
Change
USD/INR 73.47 73.35 0.12
GBP/INR 94.17 95.51 -1.33
EURO/INR 86.97 86.78 0.19
JPY/INR 0.69 0.69 0.00
Commodity 11-Sep Wk Ago
Mth. Ago
Year Ago
NYMEX Crude($/bl) 37.28 39.64 41.48 55.61
Brent Crude($/bl) 38.92 40.71 43.99 63.91
Gold( $/oz) 1942 1932 1911 1497
Gold(Rs./10 gm) 51350 50940 53758 37902
Source: Refinitiv
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
14 September 2020
Derivative Statistics- Nifty Options
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• Nifty Sep 2020 Futures stood at 11,467.10, a premium of 2.65 points above
the spot closing of 11,464.45. The turnover on NSE’s Futures and Options
segment fell to Rs. 11,21,888.55 crore on September 11, 2020, compared
with Rs. 45,81,697.77 crore on September 10, 2020.
• The Put-Call ratio stood at 0.93 compared with the previous session’s close
of 0.83.
• The Nifty Put-Call ratio stood at 1.49 compared with the previous session’s
close of 1.46.
• Open interest on Nifty Futures stood at 11.56 million, compared with the
previous session’s close of 10.8 million.
• Bond yields fell after the Reserve Bank of India (RBI) devolved almost the
entire amount of the 10-year benchmark paper at a primary auction which
indicated the discomfort of the central bank with higher yields.
• Yield on the 10-year benchmark paper (5.77% GS 2030) inched down 1 bps
to close at 6.04% compared to the previous days close of 6.05% after
moving in a range of 6.01% to 6.08%.
• Banks borrowed Rs. 60 crore under the central bank’s marginal standing
facility on Sep 10, 2020 compared to that of Sep 9, 2020 when banks
borrowed Rs. 990 crore.
• Data from RBI showed that money supply increased at an annualized rate of
12.6% in the fortnight ending Aug 28, 2020, compared with an increase of
9.8% a year earlier. The currency with the public increased 24.0% during the
same fortnight compared with an increase of 12.8% a year earlier.
• The Indian rupee in the spot trade weakened against the greenback due to
dollar demand from state run banks likely for the Reserve Bank of India. The
rupee closed at 73.54 per U.S. dollar, down 0.11% compared to the previous
closing of 73.46 per U.S. dollar.
• The euro rose against the greenback after the European Central Bank
indicated that it was unlikely to take measures to weaken the euro despite
its recent gains.
• Gold prices fell after ECB in its monetary policy review did not address the
stronger euro nor did it come up with any stimulus measures.
• Brent crude prices fell after data from Energy Information Administration
showed that U.S. crude inventories rose by 2 million barrels for the week
ended Sep 4, 2020.
• According to a report by the Labor Department, U.S. consumer price index
rose 0.4% (MoM) in Aug 2020 after advancing 0.6% for last two straight
months. Excluding food and energy prices, core consumer prices rose 0.4%
in Aug 2020 following 0.6% rise in Jul.
• According to the latest data from Destatis, Germany’s consumer price index
was unchanged on a YoY basis after 0.1% decline in Jul 2020. The
harmonized index of consumer prices fell 0.1% YoY after remaining
unchanged in Jul 2020.
• According to data from the People's Bank of China, banks offered CNY 1.28
trillion loans in Aug 2020 as against CNY 992.7 billion loans provided in Jul
2020. The broad money supply M2 rose 10.4% YoY as against 10.7% growth
in Jul.
Markets for You
