Global Indices
Global Indices 21-Sep Prev_Day Abs. Change
% Change
Russell 3000 1,681 1,682 -1 -0.08
Nasdaq 10,779 10,793 -14 -0.13
FTSE 5,804 6,007 -203 -3.38
23,360 23,319 41 0.18
Hang Seng 23,951 24,455 -505 -2.06
Indian Indices 21-Sep Prev_Day Abs. Change
% Change
S&P BSE Sensex 38,034 38,846 -812 -2.09
Nifty 50 11,251 11,505 -254 -2.21
Nifty 100 11,367 11,640 -273 -2.34
Nifty 500 9,313 9,560 -247 -2.58
Nifty Bank 21,367 22,031 -664 -3.02
S&P BSE Power 1,672 1,708 -36 -2.13
S&P BSE Small Cap 14,747 15,300 -553 -3.61
S&P BSE HC 19,614 20,405 -791 -3.87
Date P/E Div. Yield P/E Div. Yield
21-Sep 27.88 1.02 32.25 1.45
Month Ago 27.74 1.00 32.08 1.47
Year Ago 26.78 1.21 27.72 1.36
Nifty 50 Top 3 Gainers
Company 21-Sep Prev_Day
% Change
Kotak Bank 1288 1277 0.84
Infosys 1010 1002 0.77
TCS 2465 2450 0.63
Nifty 50 Top 3 Losers Domestic News
Company 21-Sep Prev_Day
% Change
IndusInd Bank 561 613 -8.58
Tata Motors 137 148 -7.07
Hindalco 167 180 -6.88
Advance Decline Ratio
Advances 579 294
Declines 2194 1639
Unchanged 165 75
Institutional Flows (Equity)
Description (Cr)
FII Flows* 39719
MF Flows** 16109
Sep 2020; **16
Sep 2020
Economic Indicator
YoY(%) Current Year Ago
Data as on 18 Sep, 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
22 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
Quarter Ago
Indian equity markets slumped with rising coronavirus cases at home and
abroad denting investor sentiment. Buying interest took a hit after the
International Consortium of Investigative Journalism reported on top-
secret Suspicious Activity Reports, worth more than $2 trillion globally. In
case of India, the U.S. Financial Crimes Enforcement Network at the U.S.
Treasury have so far established sender-receiver connections for 406
transactions involving all major banks. Market sentiments were also
affected by the passage of a controversial farm bill by lawmakers in the
upper house of parliament, which triggered protests by farmers at several
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 2.09% and 2.21%
to close at 38,034.14 and 11,250.55 respectively.
The overall market breadth on BSE was weak with 579 scrips advancing and
2,194 scrips declining. A total of 165 scrips remained unchanged.
On the BSE sectoral front, all sectors lost. S&P BSE Telecom was the major
loser, down 5.77%, followed by S&P BSE Realty and S&P BSE Metal, down
5.7% and 4.75%, respectively. S&P BSE Auto and S&P BSE Healthcare lost
4.03% and 3.87% respectively.
The government has increased the Minimum Support Prices (MSPs) for all
mandated Rabi crops for marketing season 2021-22. MSP for wheat has
been increased by Rs. 50 per quintal to Rs 1,975 per quintal while that for
barley has been hiked by Rs. 75 per quintal to Rs 1,600 per quintal. The
highest increase in MSP was announced for lentil which was increased by
Rs. 300 per quintal followed by gram and rapeseed & mustard whose price
was increased by Rs. 225 per quintal and safflower whose price was
increased by Rs. 112 per quintal.
The government has upgraded its foodgrain production target at a record
301 million tonnes for the 2020-21 crop year. This is higher by 1.5%
compared to the output of the previous year. The upgradation comes due
to good monsoon rains and higher acreage in the kharif season.
Capital market regulator Securities and Exchange Board of India (SEBI)
prescribed an Alternate Risk Management Framework (ARMF) to protect
investors in case of near zero/negative prices in commodities or their
futures. SEBI added that clearing corporations need to ensure that their
systems are ready to implement the ARMF within 60 days.
The Lok Sabha passed the Foreign Contribution (Regulation) Amendment
Bill 2020 by voice vote. Now it will be binding upon all the office bearers of
non-governmental organizations (NGOs) that seek contribution from
foreign soil to get an Aadhaar card.
HCL Technologies has announced to acquire Melbourne-headquartered
DWS Ltd. for a total equity value pay-out consideration of 158.2 million
Australian Dollars. HCL Technologies takes this step towards enhancing its
digital initiatives in the Australia and New Zealand region. The transaction is
expected to close in Dec 2020, subject to closing conditions, including
regulatory approvals.
JSW Steel has announced to raise up to $1 billion through a combination of
offshore bonds and loans, a corpus that could come in handy if the
pandemic were to hasten consolidation in the industry.
Asian markets closed in the red with investors maintaining cautious stance
on U.S. fiscal stimulus negotiations, COVID-19 vaccine development and
ongoing tensions between Washington and Beijing. Worries about the
global economic recovery and a surge in novel coronavirus cases across
Europe also weighed on markets. Today (as on Sep 22), Asian markets were
trading lower following decline on the Wall Street overnight. While Nikkei is
closed on holiday, Hang Seng was trading lower 0.97% (as at 8 a.m. IST).
European markets plummeted amid rising worries about a surge in
coronavirus cases across several parts of the region, and fears of
widespread lockdown measures. The sell-off in bank stocks amid allegations
of illegal accounts and funds transfers by several leaders over nearly two
U.S. markets plunged on rising worries about surging coronavirus cases in
several countries across Europe. Tensions between the U.S. and China also
contributed to the bearish sentiment in the market.
Markets for You
FII Derivative Trade Statistics 21-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 6014.68 4114.65 10211.61
Index Options 142005.58 140883.25 62431.34
Stock Futures 24402.61 25851.80 85487.17
Stock Options 9410.58 9455.53 8232.82
Total 181833.45 180305.23 166362.94
21-Sep Prev_Day
Put Call Ratio (OI) 1.07 1.37 -0.29
Put Call Ratio(Vol) 0.93 1.02 -0.08
21-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 3.43% 3.43% 3.43% 5.37%
T-Repo 3.75% 3.20% 3.01% 5.36%
Repo 4.00% 4.00% 4.00% 5.40%
Reverse Repo 3.35% 3.35% 3.35% 5.15%
91 Day T-Bill 3.35% 3.30% 3.20% 5.30%
364 Day T-Bill 3.67% 3.60% 3.51% 5.55%
10 Year Gilt 6.04% 6.02% 6.14% 6.79%
G-Sec Vol. (Rs.Cr) 17669 30580 47140 82191
3.74% 3.71% 3.77% 5.45%
3 Month CP Rate 3.60% 3.55% 3.40% 5.70%
5 Year Corp Bond 6.74% 6.73% 6.85% 7.68%
1 Month CD Rate 3.30% 3.33% 3.11% 5.44%
3 Month CD Rate 3.44% 3.32% 3.21% 5.43%
1 Year CD Rate 3.90% 3.87% 3.80% 6.35%
Currency 21-Sep Prev_Day
USD/INR 73.32 73.30 0.02
GBP/INR 95.03 95.06 -0.03
EURO/INR 86.96 86.88 0.08
JPY/INR 0.70 0.70 0.00
Commodity 21-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 39.21 37.18 42.27 57.87
Brent Crude($/bl) 39.72 38.41 44.13 66.12
Gold( $/oz) 1913 1956 1939 1517
Gold(Rs./10 gm) 51258 51260 51840 37390
Source: Refinitiv
Data as on 18 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
22 September 2020
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Nifty Sep 2020 Futures stood at 11,256.10, a premium of 5.55 points above
the spot closing of 11,250.55. The turnover on NSE’s Futures and Options
segment rose to Rs. 18,07,273.05 crore on September 21, 2020, compared
with Rs. 13,24,093.29 crore on September 18, 2020.
The Put-Call ratio stood at 0.95 compared with the previous session’s close
of 0.91.
The Nifty Put-Call ratio stood at 1.07 compared with the previous session’s
close of 1.37.
Open interest on Nifty Futures stood at 10.98 million, compared with the
previous session’s close of 11.71 million.
Bond yields were almost steady after the government's conversion auction
added to higher duration supply, while market participants await more
clarity on open market bond purchases from the Reserve Bank of India (RBI).
Yield on the 10-year benchmark paper (5.77% GS 2030) inched up 1 bps to
6.02% from the previous close of 6.01% after moving in a range of 6.00% to
RBI conducted the switch/conversion auction of government securities and
accepted amount of sourced and destination securities were Rs. 8576.03
crore and Rs. 8829.24 crore.
Banks borrowed Rs. 4 crore under the central bank’s marginal standing
facility on Sep 18, 2020 compared with Rs. 70 crore borrowing on Sep 17,
The Indian rupee in the spot trade rose against the greenback following
gains in regional currencies. However, losses in the domestic equity market
neutralized most of the gains.
The euro weakened against the greenback as persisting concerns over the
COVID-19 pandemic dampened investor risk sentiment.
Gold prices fell due to strengthening of the greenback.
Brent crude prices fell as persisting concerns over the COVID-19 pandemic
hit the demand outlook of the commodity.
U.S. leading economic index surged 1.2% in Aug 2020, slower than 2.0% in
Jul 2020. While coincident economic index went up 0.6%, lagging economic
index fell by 0.6% in Aug 2020.
Data published by the property website Rightmove showed, UK house
inflation accelerate to 5% in Sep 2020 from 4.6% in Aug 2020. This was the
fastest growth in 4 years driven by higher demand for larger homes.
China kept its benchmark rates for the fifth consecutive month as the
economy continued to record robust recovery from the downturn caused by
the coronavirus pandemic.
According to the University of Michigan, preliminary data showed the U.S.
consumer sentiment index surged to 78.9 in Sep 2020 from 74.1 in Aug
Markets for You