Mutual Fund News of 23 September 2020 – Nippon India Mutual Fund

Global Indices

Global Indices 22-Sep Prev_Day Abs. Change

% Change

Russell 3000 1,708 1,681 27 1.61

Nasdaq 10,964 10,779 185 1.71

FTSE 5,829 5,804 25 0.43

Nikkei

[2]

23,360 23,319 41 0.18

Hang Seng 23,717 23,951 -234 -0.98

Indian Indices 22-Sep Prev_Day Abs. Change

% Change

S&P BSE Sensex 37,734 38,034 -300 -0.79

Nifty 50 11,154 11,251 -97 -0.86

Nifty 100 11,265 11,367 -103 -0.90

Nifty 500 9,214 9,313 -99 -1.06

Nifty Bank 21,139 21,367 -228 -1.07

S&P BSE Power 1,645 1,672 -27 -1.61

S&P BSE Small Cap 14,509 14,747 -238 -1.61

S&P BSE HC 19,615 19,614 1 0.00

Date P/E Div. Yield P/E Div. Yield

22-Sep 27.63 1.03 31.97 1.47

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 22-Sep Prev_Day

% Change

TCS 2523 2465 2.34

HCL Tech 821 803 2.29

Grasim Indus 729 717 1.71

Nifty 50 Top 3 Losers Domestic News

Company 22-Sep Prev_Day

% Change

Zee Ente. 197 211 -6.45

GAIL 84 88 -4.59

Adani Ports & SEZ 332 348 -4.47

Advance Decline Ratio

BSE NSE

Advances 692 413

Declines 1946 1476

Unchanged 153 81

Institutional Flows (Equity)

Description (Cr)

YTD

FII Flows* 39436

MF Flows** 16109

*22

Sep 2020; **16

Sep 2020

Economic Indicator

YoY(%) Current Year Ago

CPI

6.69%

(Aug-20)

3.28%

(Aug-19)

IIP

-10.40%

(Jul-20)

4.90%

(Jul-19)

GDP

-23.90%

(Jun-20)

5.20%

(Jun-19)

[1]

Data as on 21 Sep, 2020;

[2]

Data as on 18 Sep, 2020

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

23 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

-393

-283

6.27%

(May-20)

• Indian equity markets remained low, dragged by global sell-off, as rising

COVID-19 cases and delays in fresh U.S. stimulus stoked worries over the

quick economic recovery from the pandemic. Additionally, reports that

several global banks were involved in money laundering to the tune of $2

trillion between 1999 and 2017 also weighed on market sentiments.

• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.79% and 0.86%

to close at 37,734.08 and 11,153.65 respectively.

• The overall market breadth on BSE was weak with 692 scrips advancing and

1,946 scrips declining. A total of 153 scrips remained unchanged.

• On the BSE sectoral front, S&P BSE IT was the major gainer, up 0.91%

followed by S&P BSE Teck, up 0.67%. S&P BSE Industrials was the major

loser, down 2.49% followed by S&P BSE Capital Goods, down 2.47% and

S&P BSE Oil & Gas, down 2.39%.

• According to the chief of Capital market regulator Securities and Exchange

Board of India (SEBI), guidelines would soon be issued that would mandate

all debt mutual fund schemes to hold a certain percentage of liquid assets

in their schemes which would include treasury bills and government

securities.

• As per First Advance Estimates, the estimated production of foodgrains

during Kharif 2020-21 stood at a record 144.52 million tonnes. This is higher

by 9.83 million tonnes than the average foodgrain production of previous

five years. Total production of kharif rice during 2020-21 is estimated at a

record 102.36 million tonnes. This is also higher by 6.70 million tonnes than

the previous five years’ average production of 95.66 million tonnes.

• The Parliament passed the Essential Commodities (Amendment) Bill, 2020

under which commodities like cereals, pulses, oilseeds, edible oils, onion

and potatoes were removed from the list of essential commodities. The

objective of the move is to create a positive environment for consumers,

investors and farmers and allay concerns among private investors regarding

excessive regulatory interference in their business operations. The

legislation is expected to bring in price stability, prevent wastage of agri

produce, create a competitive market environment and bring in more

investment for cold storage and modernization of food chain.

• The Parliament passed the amendments to the Bank Regulation Act. The

objective of the move it to bring cooperative banks under the supervision

of the Reserve Bank of India in order to protect the interest of depositors.

• Bajaj Finserv has ventured into the healthcare ecosystem with its latest

offering, Bajaj Finserv Health, a technology company that seeks to simplify

the fragmented service delivery of the healthcare system and make

healthcare available to customers by expanding its scope and accessibility

on a single platform.

• Vedanta Group firm Hindustan Zinc said its board-constituted panel has

approved raising up to Rs. 4,000 crore through debentures.

• Asian markets closed in the red amid speculation about further lockdown

measures in Europe and reports that several global banks were involved in

money laundering to the tune of $2 trillion between 1999 and 2017 which

kept investors wary. Today (as on Sep 23), Asian markets were mixed as

investors react to recent comments from U.S. Federal Reserve Chairman.

While Nikkei was trading lower 0.68%, Hang Seng was up 0.18% (as at 8

a.m. IST).

• European markets majorly went up after recent sharp losses despite

worries about a surge in coronavirus cases and fresh lockdown measures in

parts of Europe.

• U.S. markets rose despite worries about a surge in coronavirus cases and

fresh lockdown measures in parts of Europe, and continued uncertainty

about a new relief package in the U.S.

Markets for You

FII Derivative Trade Statistics 22-Sep

(Rs Cr) Buy

Sell Open Int.

Index Futures 6720.07 6288.41 10890.78

Index Options 205002.09 205790.29 63541.02

Stock Futures 33173.51 33503.88 82820.76

Stock Options 9922.26 9679.49 6774.82

Total 254817.93 255262.07 164027.38

22-Sep Prev_Day

Change

Put Call Ratio (OI) 1.04 1.07 -0.03

Put Call Ratio(Vol) 0.91 0.93 -0.02

22-Sep Wk. Ago Mth. Ago

Year Ago

Call Rate 3.40% 3.41% 3.43% 5.37%

T-Repo 3.22% 3.21% 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 3.32% 3.32% 3.20% 5.30%

364 Day T-Bill 3.58% 3.53% 3.51% 5.55%

10 Year Gilt 6.03% 5.97% 6.14% 6.79%

G-Sec Vol. (Rs.Cr)

[1]

21874 32219 47140 82191

FBIL MIBOR

[1]

3.71% 3.71% 3.77% 5.45%

3 Month CP Rate 3.60% 3.55% 3.40% 5.70%

5 Year Corp Bond 6.62% 6.78% 6.85% 7.68%

1 Month CD Rate 3.37% 3.31% 3.11% 5.44%

3 Month CD Rate 3.45% 3.29% 3.21% 5.43%

1 Year CD Rate 3.89% 3.87% 3.80% 6.35%

Currency 22-Sep Prev_Day

Change

USD/INR 73.50 73.32 0.18

GBP/INR 93.98 95.03 -1.05

EURO/INR 86.30 86.96 -0.66

JPY/INR 0.70 0.70 0.00

Commodity 22-Sep Wk Ago Mth. Ago

Year Ago

NYMEX Crude($/bl) 39.50 38.24 42.27 57.87

Brent Crude($/bl) 40.74 38.98 44.13 66.12

Gold( $/oz) 1899 1956 1939 1517

Gold(Rs./10 gm) 50623 51915 51840 37390

Source: Refinitiv

[1]

Data as on 21 Sep, 2020;

[2]

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

23 September 2020

Derivative Statistics- Nifty Options

Disclaimer:

Derivatives Market

Debt Watch

Currency Market

Commodity Prices

Indian Debt Market

Currency Market Update

Commodity Market Update

International News

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

Management Limited (NAM India) has not independently verified the accuracy or authenticity of such information or data, or for that matter the 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 of the statements & assertions contained in these materials

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employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon

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directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the

information contained in this material.

• Nifty Sep 2020 Futures stood at 11,162.05, a premium of 8.40 points above

the spot closing of 11,153.65. The turnover on NSE’s Futures and Options

segment rose to Rs. 21,88,928.38 crore on September 22, 2020, compared

with Rs. 18,07,273.05 crore on September 21, 2020.

• The Put-Call ratio stood at 0.99 compared with the previous session’s close

of 0.95.

• The Nifty Put-Call ratio stood at 1.04 compared with the previous session’s

close of 1.07.

• Open interest on Nifty Futures stood at 10.81 million, compared with the

previous session’s close of 10.98 million.

• Bond yields were almost steady ahead of the Reserve Bank of India’s (RBI)

outright open market purchase of government securities on Thursday.

• Yield on the 10-year benchmark paper (5.77% GS 2030) fell 1 bps to 6.01%

from the previous close of 6.02% after moving in a range of 5.99% to 6.02%.

• Banks did not borrowed under the central bank’s marginal standing facility

on Sep 21, 2020 compared with nil borrowing on Sep 18, 2020.

• The Indian rupee in the spot trade weakened against the greenback

following losses in the domestic equity market. Concerns over fresh

lockdowns in Europe to control surging coronavirus infection cases in the

region also weighed on the market sentiment.

• The euro weakened against the greenback as fresh lockdown were

announced in Europe to control surging coronavirus infection cases in the

region.

• Gold prices fell due to strengthening of the greenback.

• Brent crude prices rose after U.S. tropical Storm Beta lost strength the U.S.

Gulf of Mexico. However, persisting concerns over COVID-19 pandemic

capped the gains.

• The Bank of Korea said, South Korea’s producer prices surprisingly rose 0.5%

MoM in Aug 2020 better than 0.2% increase in Jul 2020. Individually, prices

for agricultural, forestry and marine products surged 6.1% MoM, while

manufactured products and utilities both rose 0.2% and services gained

0.3%.

• Figures from the Directorate General of Budget, Accounting and Statistics

showed, Taiwan's non-adjusted unemployment rate fell to 3.99% in Aug

2020 from 4.00% in Jul 2020. The number of unemployed persons fell by

1,000 MoM to 478,000 in Aug 2020.

• Denmark's consumer confidence index fell to -7.4 in Sep 2020 from -5.5 in

Aug 2020. Fall was due to lack of desire to buy among households and their

weaker assessment of the economy's past situation.

Markets for You