Mutual Fund News of 25 September 2020 – Nippon India Mutual Fund

Global Indices

Global Indices 24-Sep Prev_Day Abs. Change

% Change

Russell 3000 1,666 1,661 5 0.29

Nasdaq 10,672 10,633 39 0.37

FTSE 5,823 5,899 -76 -1.30

Nikkei 23,088 23,346 -259 -1.11

Hang Seng 23,311 23,743 -431 -1.82

Indian Indices 24-Sep Prev_Day Abs. Change

% Change

S&P BSE Sensex 36,554 37,668 -1,115 -2.96

Nifty 50 10,806 11,132 -326 -2.93

Nifty 100 10,922 11,242 -319 -2.84

Nifty 500 8,945 9,194 -250 -2.71

Nifty Bank 20,457 21,179 -722 -3.41

S&P BSE Power 1,580 1,610 -31 -1.90

S&P BSE Small Cap 14,168 14,500 -331 -2.28

S&P BSE HC 18,958 19,380 -422 -2.18

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

24-Sep 26.61 1.07 30.97 1.51

Month Ago 28.40 0.98 32.41 1.46

Year Ago 27.44 1.18 28.49 1.32

Nifty 50 Top 3 Gainers

Company 24-Sep Prev_Day

% Change

Bharti Infratel 169 167 1.29

HUL 2061 2053 0.41

NA NA NA NA

Nifty 50 Top 3 Losers Domestic News

Company 24-Sep Prev_Day

% Change

IndusInd Bank 490 528 -7.16

Bajaj Finance 3029 3244 -6.63

Tata Motors 123 131 -6.54

Advance Decline Ratio

BSE NSE

Advances 583 303

Declines 2064 1574

Unchanged 165 86

Institutional Flows (Equity)

Description (Cr)

YTD

FII Flows* 33779

MF Flows** 16109

*24

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 23 Sep, 2020

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

25 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

-3882

6.27%

(May-20)

• Indian equity markets slumped amid expiry of the F&O contracts for

September series, dragged by weak global cues. A series of alerts from the

U.S. Federal Reserve officials about the fallout from the coronavirus

pandemic kept investors wary.

• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 2.96% and 2.93%

to close at 36,553.60 and 10,805.55 respectively.

• The overall market breadth on BSE was weak with 583 scrips advancing and

2,064 scrips declining. A total of 165 scrips remained unchanged.

• On the BSE sectoral front, all sectors lost. S&P BSE IT was the major loser,

down 4.45%, followed by S&P BSE Teck and S&P BSE Auto, down 4.25% and

3.56%, respectively. S&P BSE Metal and S&P BSE Bankex lost 3.51% and

3.41% respectively.

• The Ministry of Finance gave approval to five states to borrow an additional

amount of Rs. 9,913 crore through open market borrowings (OMBs). These

states are namely Andhra Pradesh, Telangana, Goa, Karnataka and Tripura.

The approval came after these states successfully met the reform condition

of implementation of One Nation One Ration Card System. Karnataka will

be able to borrow Rs. 4,509 crore followed by Andhra Pradesh, Telengana,

Goa and Tripura who will borrow Rs. 2,525 crore, Rs. 2,508 crore, Rs. 223

crore and Rs. 148 crore respectively.

• Data from the Ministry of Petroleum & Natural Gas showed that crude oil

production during Aug 2020 stood at 2,577.49 TMT (Thousand Metric

Tonnes). This was 6.72% lower than target for the period and 6.27% lower

when compared with the same period of the previous year.

• The Reserve Bank of India announced a five-pillared strategic approach

GUARD to improve the cyber security of Urban Co-operative banking sector.

This comprises Governance Oversight (G), Utile Technology Investment (U),

Appropriate Regulation and Supervision (A), Robust Collaboration (R) and

Developing necessary IT, cyber security skills set (D).

• The Ministry of Road Transport and Highways notified standards for safety

evaluation of hydrogen fuel cell-based vehicles. The objective of the move

is to promote hydrogen fuel cell-based vehicles in the country that are

environmentally friendly and energy efficient.

• Facebook said it has partnered with Matrix Partners to scale up small

businesses in India by providing them with digital skills. The tie-up is part of

the VC Brand Incubator Program of Facebook that partners with venture

capital funds to support small and medium enterprises (SMBs) in the early

stages to optimise their digital potential.

• U.S. motorcycle manufacturer Harley-Davidson reported that it plans to

record additional restructuring costs of $75 million for 2020 related to

steps like the discontinuation of its Indian sales and manufacturing

operations.

• Asian markets closed in the red as Europe faced the second wave of

coronavirus infections and U.S. Federal Reserve officials making a series of

warnings about the fallout from the coronavirus pandemic. Today (as on

Sep 25), Asian markets were higher following rise on the Wall Street

overnight. Both Nikkei and Hang Seng were trading lower 0.76% and 0.43%

(as at 8 a.m. IST), respectively.

• European markets fell on worries about a second wave of coronavirus

across the region and growing uncertainty about the pace of economic

recovery. Uncertainties surrounding the U.S. presidential elections and the

U.S. stimulus package further weighed on sentiment.

• U.S. markets rose after a volatile session following the release of a mixed

batch of U.S. economic data, which added to recent uncertainty about the

economic outlook.

Markets for You

FII Derivative Trade Statistics 24-Sep

(Rs Cr) Buy

Sell Open Int.

Index Futures 6087.51 6674.92 11300.15

Index Options 290392.55 288433.72 74853.98

Stock Futures 29844.78 28522.74 78807.47

Stock Options 5450.95 5359.27 5133.51

Total 331775.79 328990.65 170095.11

24-Sep Prev_Day

Change

Put Call Ratio (OI) 0.78 1.03 -0.25

Put Call Ratio(Vol) 0.90 0.90 0.00

24-Sep Wk. Ago Mth. Ago

Year Ago

Call Rate 3.43% 3.43% 3.43% 5.32%

T-Repo 3.23% 3.21% 3.08% 5.30%

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% 3.31% 3.12% 5.40%

364 Day T-Bill 3.69% 3.60% 3.45% 5.53%

10 Year Gilt 5.99% 6.02% 6.18% 6.78%

G-Sec Vol. (Rs.Cr) 19203 21032 31638 35197

FBIL MIBOR

[1]

3.69% 3.67% 3.75% 5.45%

3 Month CP Rate 3.60% 3.55% 3.40% 5.90%

5 Year Corp Bond 6.63% 6.77% 6.87% 7.55%

1 Month CD Rate 3.38% 3.34% 3.16% 5.54%

3 Month CD Rate 3.46% 3.29% 3.25% 5.71%

1 Year CD Rate 3.97% 3.89% 3.75% 6.50%

Currency 24-Sep Prev_Day

Change

USD/INR 73.92 73.63 0.30

GBP/INR 93.87 93.43 0.44

EURO/INR 86.14 85.99 0.15

JPY/INR 0.70 0.70 0.00

Commodity 24-Sep Wk Ago Mth. Ago

Year Ago

NYMEX Crude($/bl) 40.06 40.94 42.39 57.17

Brent Crude($/bl) 40.95 41.93 44.92 65.02

Gold( $/oz) 1868 1943 1932 1532

Gold(Rs./10 gm) 49638 51495 52024 37771

Source: Refinitiv

[1]

Data as on 23 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

25 September 2020

Derivative Statistics- Nifty Options

Disclaimer:

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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

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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 settled at spot closing of 10,805.55. Nifty Oct 2020

Futures stood at 10,856.20, a premium of 50.65 points, above the spot

closing. The turnover on NSE’s Futures and Options segment rose to Rs.

43,02,566.44 crore on September 24, 2020, compared with Rs. 25,61,103.02

crore on September 23, 2020.

• The Put-Call ratio stood at 0.83 compared with the previous session’s close

of 0.92.

• The Nifty Put-Call ratio stood at 0.78 compared with the previous session’s

close of 1.03.

• Open interest on Nifty Futures stood at 11.89 million, compared with the

previous session’s close of 10.93 million.

• Bond yields were almost unchanged on concerns of additional borrowing

and uncertainty over the Reserve Bank of India’s (RBI) open market purchase

of securities.

• Yield on the 10-year benchmark paper (5.77% GS 2030) remained

unchanged at 5.99% from the previous close.

• RBI conducted the auction of Open Market Operations (OMO) purchase of

three government securities for an aggregate amount of Rs. 10,000 crore

but none was accepted despite Rs. 66,473 crore were offered by

participants.

• RBI announced to conduct the auction of State Government Securities of 18

states for an aggregate amount of Rs. 24,432 crore.

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

following losses in the domestic equity market amid concerns over COVID-

19 pandemic and worries of a slowdown in global growth.

• The euro was almost steady against the greenback as worries over rising

coronavirus infection cases in Europe fuelled concerns of a slowdown in

global growth which kept market sentiments subdued.

• Gold prices rose as persisting concerns over the COVID-19 pandemic and

worries of a slowdown in global growth improved the safe haven appeal of

the yellow metal.

• Brent crude prices fell due to persisting concerns over COVID-19 pandemic.

• New home sales in the U.S. surprisingly rose strongly by 4.8% to an annual

rate of 1.011 million in Aug 2020, slower than 14.7% surge to an upwardly

revised rate of 965,000 (901,000 originally reported) in Jul 2020.

• Survey results from the ifo Institute showed, Germany’s business confidence

index went up to 93.4 in Sep 2020 from 92.5 in Aug 2020. The index rose to

its highest level since Feb 2020.

• The Labor Department report showed initial jobless weekly claims in the U.S.

rose 4,000 to 870,000 in the week ended Sep 19 from the previous week's

revised level of 866,000 (860,000 originally reported).

• France’s manufacturing confidence index improved to 96 in Sep 2020 from

93 in Aug 2020. The index rose to its highest level in six months.

Markets for You