Global Indices
Global Indices 16-Sep Prev_Day Abs. Change
% Change
Russell 3000 1,721 1,742 -21 -1.23
Nasdaq 11,050 11,190 -140 -1.25
FTSE 6,078 6,106 -27 -0.44
Nikkei 23,476 23,455 21 0.09
Hang Seng 24,726 24,733 -7 -0.03
Indian Indices 16-Sep Prev_Day Abs. Change
% Change
S&P BSE Sensex 39,303 39,044 259 0.66
Nifty 50 11,605 11,522 83 0.72
Nifty 100 11,733 11,653 80 0.69
Nifty 500 9,633 9,573 59 0.62
Nifty Bank 22,574 22,466 108 0.48
S&P BSE Power 1,714 1,723 -9 -0.53
S&P BSE Small Cap 15,431 15,364 67 0.44
S&P BSE HC 19,624 19,318 306 1.58
Date P/E Div. Yield P/E Div. Yield
16-Sep 28.80 0.98 33.26 1.41
Month Ago 26.46 1.02 31.09 1.47
Year Ago 25.92 1.26 27.06 1.39
Nifty 50 Top 3 Gainers
Company 16-Sep Prev_Day
% Change
M&M 639 613 4.24
Dr.Reddy 4628 4442 4.18
Hindalco 184 177 3.99
Nifty 50 Top 3 Losers Domestic News
Company 16-Sep Prev_Day
% Change
IndusInd Bank 622 633 -1.86
NTPC 90 91 -1.59
Bharti Infratel 200 203 -1.16
Advance Decline Ratio
BSE NSE
Advances 1399 966
Declines 1335 864
Unchanged 203 127
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 37531
MF Flows** 17192
*16
th
Sep 2020; **15
th
Sep 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
6.69%
(Aug-20)
3.28%
(Aug-19)
IIP
-10.39%
(Jul-20)
4.90%
(Jul-19)
GDP
-23.90%
(Jun-20)
5.20%
(Jun-19)
[1]
Data as on 15 Sep, 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
17 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
-57.30%
(Apr-20)
3.10%
(Mar-20)
Quarter Ago
Inflow/Outflow
-9
1855
6.27%
(May-20)
• Indian equity markets closed in the green with investors taking positive
cues after RBI Governor reiterated that the central bank is equipped to take
necessary measures to counter the damage caused by the coronavirus
pandemic. He added that the economic recovery in the country is likely to
be gradual, as an uptick seen in some sectors in June-July appears to have
levelled off. Nonetheless, underlying sentiment remained somewhat
cautious ahead of the outcome of a two-day policy meeting of the U.S.
central bank. Continued border tensions and unabated coronavirus
infections also limited the gains.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.66% and
0.72% to close at 39,302.85 and 11,604.55 respectively.
• The overall market breadth on BSE was strong with 1,399 scrips advancing
and 1,335 scrips declining. A total of 203 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Realty was the major gainer, up 2.37%
followed by S&P BSE Healthcare, up 1.58% and S&P BSE Auto, up 1.49%.
S&P BSE Utilities was the major loser, down 0.94% followed by S&P BSE
Telecom, down 0.9% and S&P BSE Power, down 0.53%.
• According to the Reserve Bank of India (RBI) Governor, RBI is more
concerned about the interest of depositors and the protection of financial
stability than with giving the industry doles. Banks have an important role
to play in stimulating economic growth in an emerging market economy
like India, as they are at the forefront of credit provision. And thus, the
principal considerations for the RBI will be the security of depositors, as
well as the protection of financial stability.
• The Reserve Bank of India (RBI) has agreed to give its workers an option to
move from contributory provident fund (CPF) to pension facility. The
decision has been taken in consultation with the government. This benefit
will come to all current workers who entered RBI before Jan 1, 2012. The
cut-off date for retirees is Nov 1, 1990, the day the pension scheme was
launched at RBI.
• According to the Organisation for Economic Co-operation and
Development (OECD), This year's global recession will not be as extreme as
predicted as a result of efforts by countries to tackle the economic effects
of the coronavirus pandemic. But next year's recovery too will be more
modest than expected. This year, the OECD predicted a 4.5% decline in
global economic production and a return to growth of about 5.0% in 2021.
• The government has extended the deadline for exporting sugar from
existing stocks to December by three months to help industry take
advantage of the global supply disruption due to the pandemic and clear
farmers' cane dues. During the 2019-20 sugar season ending this month,
millers contracted 5.7 million tonnes of sugar near the 6 million tonne
mark.
• According to media reports, Flipkart is preparing for an initial public
offering overseas as early as 2021. The move may increase the valuation of
the firm to $50 billion.
• According to media reports, Sterlite Technologies Ltd (STL) has entered
into a partnership with Bharti Airtel to build a modern optical fibre network
across 10 telecom circles. The move will help Airtel deliver world-class
customer experience through enhanced scalability, reduced latency and
improved bandwidth.
• Asian markets witnessed a mixed trend ahead of the outcome of the U.S.
Federal Reserve's monetary policy meeting scheduled later during the day.
Investors are likely to pay close attention to any modification to the
accompanying statement. Today (as on Sep 17), markets are trading lower
amid caution as investors keenly awaited the release of Bank of Japan’s
monetary policy statement, scheduled later during the day. Both Nikkei and
Hang Seng are down 0.56% and 0.50% (as at 8:00 AM IST), respectively.
• European markets managed to close in the green amid cautious trade after
official data showed the euro area trade surplus increased for the third
straight month in July to reach pre-pandemic levels.
• Majority of the U.S. markets closed in the red despite a dovish monetary
policy announcement by the Fed. The U.S. central bank downwardly revised
its estimates for GDP growth in 2021 and 2022 to 4.0 % and 3.0 %,
respectively.
Markets for You
FII Derivative Trade Statistics
16-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 3548.17 3464.07 10469.66
Index Options 185665.69 185157.67 67306.93
Stock Futures 13567.93 13869.21 86437.32
Stock Options 7215.14 7203.96 8046.77
Total 209996.93 209694.91 172260.68
16-Sep Prev_Day
Change
Put Call Ratio (OI) 1.61 1.47 0.14
Put Call Ratio(Vol) 1.01 0.93 0.08
16-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 3.43% 3.43% 3.45% 5.36%
T-Repo 3.22% 3.20% 3.18% 5.35%
Repo 4.00% 4.00% 4.00% 5.40%
Reverse Repo 3.35% 3.35% 3.35% 5.15%
91 Day T-Bill 3.33% 3.29% 3.07% 5.25%
364 Day T-Bill 3.62% 3.60% 3.34% 5.60%
10 Year Gilt 5.94% 5.95% 5.97% 6.72%
G-Sec Vol. (Rs.Cr) 32219 32237 51709 45279
FBIL MIBOR
[1]
3.71% 3.64% 3.80% 5.45%
3 Month CP Rate 3.55% 3.45% 3.60% 5.65%
5 Year Corp Bond 6.70% 6.77% 6.67% 7.60%
1 Month CD Rate 3.29% 3.23% 3.10% 5.35%
3 Month CD Rate 3.29% 3.39% 3.29% 5.43%
1 Year CD Rate 3.95% 3.90% 3.81% 6.23%
Currency 16-Sep Prev_Day
Change
USD/INR 73.75 73.42 0.33
GBP/INR 95.08 94.44 0.64
EURO/INR 87.37 87.32 0.05
JPY/INR 0.70 0.69 0.01
Commodity 16-Sep
Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 40.12 38.00 42.00 63.05
Brent Crude($/bl) 40.47 39.79 45.56 69.31
Gold( $/oz) 1959 1947 1944 1498
Gold(Rs./10 gm) 51797 51066 52688 37780
Source: Refinitiv
[1]
Data as on 15 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
17 September 2020
Derivative Statistics- Nifty Options
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• Nifty Sep 2020 Futures stood at 11,616.40, a premium of 11.85 points
above the spot closing of 11,604.55. The turnover on NSE’s Futures and
Options segment rose to Rs. 18,90,099.48 crore on September 16, 2020,
compared with Rs. 15,80,954.91 crore on September 15, 2020.
• The Put-Call ratio remained unchanged compared with the previous
session’s close of 0.91.
• The Nifty Put-Call ratio stood at 1.61 compared with the previous session’s
close of 1.47.
• Open interest on Nifty Futures stood at 13.03 million, compared with the
previous session’s close of 12.33 million.
• Bond yields fell supported by the Reserve Bank of India governor's
prediction of a gradual economic recovery and ahead of Rs. 10,000 crore
auction under special open market operation on Thursday.
• Yield on the 10-year benchmark paper (5.77% GS 2030) fell 4 bps to 5.99%
from the previous close of 6.03% after moving in a range of 5.99% to 6.03%.
• Data from RBI showed that reserve money increased at an annualised rate
of 14.9% in the week to Sep 11, 2020, compared with an increase of 11.9% a
year earlier. The currency in circulation rose 22.4% during the week
compared with an increase of 13.0% a year earlier.
• Banks did not borrowed under the central bank’s marginal standing facility
on Sep 15, 2020 compared to Rs. 101 crore borrowing on Sep 14, 2020.
• The Indian rupee gained against the U.S. dollar following regional currencies
ahead of the U.S. Federal Reserve’s policy meeting, which would include the
U.S. central bank’s updated economic and interest rate forecasts.
• Euro fell against the greenback as the latter strengthened after the U.S.
Federal Reserve upgraded its economic outlook for this year. Euro closed at
$1.1814, down 0.26% compared with the previous close of $1.1845.
• Gold prices inched up after the U.S. Federal Reserve in its monetary policy
review pledged to keep interest rates low until at least 2023. .
• Brent crude prices rose as hurricane Sally closed U.S. offshore oil and gas
production.
• The U.S. Federal Reserve in its monetary policy review kept interest rates
unchanged and indicated that interest rates may remain at near-zero levels
for years to come.
• According to an interim report by the Organization for Economic
Cooperation and Development (OECD), the global economy is expected to
contract 4.5% this year compared to the earlier estimation of a contraction
of 6%. The growth projection for 2021 was revised down to 5% from 5.2%.
• Data from the U.S. Commerce Department showed that retail sales in U.S.
rose 0.6% on a monthly basis in Aug 2020 after increasing by a downwardly
revised 0.9% in Jul 2020 (1.2% rise originally reported for the previous
month).
Markets for You
