Daily Market Update
In financial markets, every day is eventful. Get to know about the economic trends moving the markets and their potential impact on your investments.
Subscribe NowDomestic Market
| Indices | Today's Close | Previous Close | Absolute Change | % Change |
|---|---|---|---|---|
| BSE SENSEX | 60,048.47 | 59,885.36 | 163.11 | 0.272 |
| S&P CNX Nifty | 17,853.2 | 17,822.95 | 30.25 | 0.17 |
| Nifty 500 | 15,191.95 | 15,205.45 | -13.5 | -0.089 |
| Nifty Next 50 | 43,071.65 | 43,437.7 | -366.05 | -0.843 |
| S&P BSE Mid-Cap | 25,194.84 | 25,489.7 | -294.86 | -1.157 |
| BSE Smallcap | 28,023.34 | 28,108.92 | -85.58 | -0.304 |
| India VIX Index | 16.92 | 16.6 | 0.32 | 1.928 |
*Unchanged
| Indices | Today's Close | Absolute Change | % Change |
|---|---|---|---|
| BSE SENSEX | 60,048.47 | 163.11 | 0.272 |
| S&P CNX Nifty | 17,853.2 | 30.25 | 0.17 |
| Nifty 500 | 15,191.95 | -13.5 | -0.089 |
| Nifty Next 50 | 43,071.65 | -366.05 | -0.843 |
| S&P BSE Mid-Cap | 25,194.84 | -294.86 | -1.157 |
| BSE Smallcap | 28,023.34 | -85.58 | -0.304 |
| India VIX Index | 16.92 | 0.32 | 1.928 |
*Unchanged
Domestic Market News
- Foreign Exchange Reserves in India decreased to 639642 USD Million in September 17 from 641110 USD Million in the previous week.
- The Reserve Bank Of India (RBI) stated in a latest update that bank deposits grew (y-o-y) by 11.9% during the 2020-21 (8.8% in the previous year) on the back of high growth in current account and savings account (CASA) deposits; the share of CASA deposits increased to 43.7% in March 2021 (41.7% a year ago). Among institutional categories, the household sector held 64.1% share in total deposits; individuals {including Hindu Undivided Families (HUFs)}, were the major constituent of the household sector and contributed 55.8% in aggregate deposits.
International Market
| Indices | Today's Close | Previous Close | Absolute Change | % Change |
|---|---|---|---|---|
| Dow Jones | 34,715.43 | 34,764.75 | -49.32 | -0.142 |
| Nasdaq | 14,972.76 | 15,051.82 | -79.06 | -0.528 |
| FTSE 100 | 7,057.1 | 7,078.286 | -21.186 | -0.3 |
| Dax Index | 15,535.44 | 15,643.217 | -107.777 | -0.694 |
| Shanghai Composite | 3,613.067 | 3,641.987 | -28.92 | -0.8 |
| Hang Seng | 24,192.16 | 24,506.833 | -314.673 | -1.301 |
| Nikkei | 30,248.81 | 29,626.87 | 621.94 | 2.056 |
| Kospi | 3,125.24 | 3,127.578 | -2.338 | -0.075 |
*Unchanged
| Indices | Today's Close | Absolute Change | % Change |
|---|---|---|---|
| Dow Jones | 34,715.43 | -49.32 | -0.142 |
| Nasdaq | 14,972.76 | -79.06 | -0.528 |
| FTSE 100 | 7,057.1 | -21.186 | -0.3 |
| Dax Index | 15,535.44 | -107.777 | -0.694 |
| Shanghai Composite | 3,613.067 | -28.92 | -0.8 |
| Hang Seng | 24,192.16 | -314.673 | -1.301 |
| Nikkei | 30,248.81 | 621.94 | 2.056 |
| Kospi | 3,125.24 | -2.338 | -0.075 |
*Unchanged
International Market News
- Singapore~s industrial production increased at a softer pace in August, data from the Economic Development Board showed on Friday. Industrial output grew 11.2% year-on-year in August, after a 16.4% gain in July.
- Japan~s private sector continued to contract in September but at a slower pace, flash survey results from IHS Markit showed on Friday. The au Jibun Bank composite output index rose to 47.7 in September from 45.5 in the previous month. A score below 50.0 indicates contraction. The service sector shrank at a slower pace, while growth in manufacturing eased in September. The services Purchasing Managers~ Index advanced to 47.4 from 42.9 a month ago. The manufacturing PMI declined to 51.2 from 52.7 in August. Both output and new orders fell into negative territory.
Debt Market
| Indices | Today's Close | Previous Close | Absolute Change | % Change |
|---|---|---|---|---|
| TREP | 3.28 | 3.3 | -0.02 | -0.606 |
| 3 Month CD | 3.425 | 3.268 | 0.157 | 4.58 |
| 6 Month CD | 3.625 | 3.574 | 0.051 | 1.399 |
| 1 year CD | 3.875 | 3.824 | 0.051 | 1.307 |
| 1 year CP | 4.025 | 3.214 | 0.811 | 20.149 |
| 1 year T-Bill | 3.57 | 3.57 | Unch* | Unch* |
| 1 year AAA | 4.05 | 4.099 | -0.049 | -1.22 |
| 5 year AAA | 5.78 | 5.849 | -0.069 | -1.197 |
| 10 year G_SEC | 6.181 | 6.14 | 0.041 | 0.668 |
*Unchanged
Debt Market News
- The yield on the benchmark 10-year Treasury currently quotes at 1.40%, almost unchanged on the day.
- Reserve Bank of India (RBI) will conduct open market purchase of government securities under the G-sec Acquisition Programme (G-SAP 2.0) for an aggregate amount of INR 15,000 crore on September 30, 2021.
Commodity
| Commodity | Last | % Change |
|---|---|---|
| Gold (10 gm) | 46,473 | -0.352 |
| Silver (1 kg) | 60,656 | 0.056 |
| Crude Oil (Rs/barrel) | 5,308 | 2.333 |
Commodity News
- Brent crude was down 27 cents, or 0.35%, at $76.98 a barrel, after earlier rising as high as $77.74, its highest since July 6, and close to its highest since October 2018. U.S. oil was down 40 cents, or 0.55%, at $73.15 a barrel, having closed 1.5% in the previous session, the highest since the start of August.
- Spot Gold in India is hovering around Rs 46000 per 10 grams and latest correction in prices should lead good inquiries from buyers. The MCX Gold futures are trading at Rs 46049 per 10 grams, almost unchanged on the day.
Currency Exchange Rates
| Currency | Rate |
|---|---|
| USD/INR | 73.688 |
| EUR/INR | 86.601 |
| 100JPY/INR | 66.8 |
| GBP/INR | 101 |
Currency News
- The US dollar index is holding above 93 mark, managing to sustain recent gains.
- The INR closed at 73.68 per US dollar today, slipping 5 basis points on the day.
Global Interest Rates
| Global Interest Rates | % |
|---|---|
| LIBOR 3 Months | 0.132 |
| US Treasury 2 Years | 0.27 |
| US Treasury 10 Years | 1.451 |
| Germany 10 year | -0.229 |
| Uk 10 Year | 0.93 |
| Japan 10 year | 0.06 |
Fll Trends
| Fll Numbers | US ($) million |
|---|---|
| FII Debt | 182.95 |
| FII Equity | 83.51 |
Liquidity
| Liquidity | % |
|---|---|
| Repo | 4 |
| Reverse Repo | 3.35 |
| CRR | 4 |
| SLR | 18 |
Corporate Yields Matrix
| Tenors | AAA-Corp | AA+ | AA | AA- | A+ | A | A- |
|---|---|---|---|---|---|---|---|
| 3 Month CD | 3.743 | 4.133 | 4.491 | 5.311 | 5.761 | 6.536 | 7.311 |
| 6 Month CD | 3.888 | 4.278 | 4.635 | 5.456 | 5.906 | 6.681 | 7.456 |
| 1 Year AAA CBY | 4.176 | 4.591 | 4.949 | 5.702 | 6.152 | 6.927 | 7.702 |
| 2 Year AAA CBY | 4.692 | 5.15 | 5.497 | 5.976 | 6.426 | 7.201 | 7.976 |
| 3 Year AAA CBY | 5.235 | 5.735 | 6.072 | 6.57 | 7.02 | 7.795 | 8.57 |
| 5 Year AAA CBY | 5.991 | 6.434 | 6.754 | 7.455 | 7.905 | 8.68 | 9.455 |
| 7 Year AAA CBY | 6.304 | 6.852 | 7.142 | 7.755 | 8.205 | 8.98 | 9.755 |
| 10 Year AAA CBY | 6.927 | 7.347 | 7.672 | 7.933 | 8.383 | 9.158 | 9.933 |
| Indices | Today's Close | Absolute Change | % Change |
|---|---|---|---|
| BSE SENSEX | 60,048.47 | 163.11 | 0.272 |
| S&P CNX Nifty | 17,853.2 | 30.25 | 0.17 |
| Nifty 500 | 15,191.95 | -13.5 | -0.089 |
| Nifty Next 50 | 43,071.65 | -366.05 | -0.843 |
| S&P BSE Mid-Cap | 25,194.84 | -294.86 | -1.157 |
| BSE Smallcap | 28,023.34 | -85.58 | -0.304 |
| India VIX Index | 16.92 | 0.32 | 1.928 |
*Unchanged
Domestic Market News
- Foreign Exchange Reserves in India decreased to 639642 USD Million in September 17 from 641110 USD Million in the previous week.
- The Reserve Bank Of India (RBI) stated in a latest update that bank deposits grew (y-o-y) by 11.9% during the 2020-21 (8.8% in the previous year) on the back of high growth in current account and savings account (CASA) deposits; the share of CASA deposits increased to 43.7% in March 2021 (41.7% a year ago). Among institutional categories, the household sector held 64.1% share in total deposits; individuals {including Hindu Undivided Families (HUFs)}, were the major constituent of the household sector and contributed 55.8% in aggregate deposits.
Investment Jargon
- Absolute Return Index: The absolute return index is a stock index designed to measure absolute returns on investment. The index was created to compare the performance of an individual hedge fund against the hedge fund market as a whole.
Investment Mantra
- It’s never too early to encourage long term savings – Ron Lewis
Disclaimer:
The information contained in this material are extracted from different public sources and does not represent views/opinions of Kotak Mahindra Asset Management Company Limited or its associated companies. Kotak Mahindra Asset Management Co Ltd. does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. All reasonable care has been taken to ensure that the information contained herein is not misleading or untrue at the time of publication. This is not a sales literature and all the information is for the information of the person to whom it is provided without any liability whatsoever on the part of Kotak Mahindra Asset Management Co Ltd or any associated companies or any employee thereof.
Risk Factors:
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
Daily Newsletter
Daily Newsletter
Daily Newsletter
Daily Newsletter
As on 24 SEP 2021
As on 24 SEP 2021
Domestic Market
| Indices | Today's Close | Previous Close | Absolute Change | % Change |
|---|---|---|---|---|
| BSE SENSEX | 60,048.47 | 59,885.36 | 163.11 | 0.272 |
| S&P CNX Nifty | 17,853.2 | 17,822.95 | 30.25 | 0.17 |
| Nifty 500 | 15,191.95 | 15,205.45 | -13.5 | -0.089 |
| Nifty Next 50 | 43,071.65 | 43,437.7 | -366.05 | -0.843 |
| S&P BSE Mid-Cap | 25,194.84 | 25,489.7 | -294.86 | -1.157 |
| BSE Smallcap | 28,023.34 | 28,108.92 | -85.58 | -0.304 |
| India VIX Index | 16.92 | 16.6 | 0.32 | 1.928 |
*Unchanged
Domestic Market News
- Foreign Exchange Reserves in India decreased to 639642 USD Million in September 17 from 641110 USD Million in the previous week.
- The Reserve Bank Of India (RBI) stated in a latest update that bank deposits grew (y-o-y) by 11.9% during the 2020-21 (8.8% in the previous year) on the back of high growth in current account and savings account (CASA) deposits; the share of CASA deposits increased to 43.7% in March 2021 (41.7% a year ago). Among institutional categories, the household sector held 64.1% share in total deposits; individuals {including Hindu Undivided Families (HUFs)}, were the major constituent of the household sector and contributed 55.8% in aggregate deposits.
- The broader market indices underperformed the benchmarks. The S&P BSE Mid-Cap index fell 1.16%. The S&P BSE Small-Cap index shed 0.30%.
- As per provisional closing data, the barometer index, the S&P BSE Sensex, added 163.11 points or 0.27% to 60,048.47. The Nifty 50 index gained 30.25 points or 0.17% to 17,853.20.
- The domestic equity benchmarks ended with modest gains on Friday. The Nifty closed a tad above the 17,850 mark. IT shares advanced after Accenture announced strong Q4 earnings. Autos, banks, and realty stocks advanced while metals, FMCG and media stocks witnessed selling.
International Market
| Indices | Today's Close | Previous Close | Absolute Change | % Change |
|---|---|---|---|---|
| Dow Jones | 34,715.43 | 34,764.75 | -49.32 | -0.142 |
| Nasdaq | 14,972.76 | 15,051.82 | -79.06 | -0.528 |
| FTSE 100 | 7,057.1 | 7,078.286 | -21.186 | -0.3 |
| Dax Index | 15,535.44 | 15,643.217 | -107.777 | -0.694 |
| Shanghai Composite | 3,613.067 | 3,641.987 | -28.92 | -0.8 |
| Hang Seng | 24,192.16 | 24,506.833 | -314.673 | -1.301 |
| Nikkei | 30,248.81 | 29,626.87 | 621.94 | 2.056 |
| Kospi | 3,125.24 | 3,127.578 | -2.338 | -0.075 |
*Unchanged
International Market News
- Singapore~s industrial production increased at a softer pace in August, data from the Economic Development Board showed on Friday. Industrial output grew 11.2% year-on-year in August, after a 16.4% gain in July.
- Japan~s private sector continued to contract in September but at a slower pace, flash survey results from IHS Markit showed on Friday. The au Jibun Bank composite output index rose to 47.7 in September from 45.5 in the previous month. A score below 50.0 indicates contraction. The service sector shrank at a slower pace, while growth in manufacturing eased in September. The services Purchasing Managers~ Index advanced to 47.4 from 42.9 a month ago. The manufacturing PMI declined to 51.2 from 52.7 in August. Both output and new orders fell into negative territory.
- Japan overall inflation was down 0.4% on year in August, the Ministry of Communications and Internal Affairs said on Friday. Core consumer prices, which exclude volatile food costs, was unchanged on year, following the 0.2% annual decline in the previous month. On a seasonally adjusted monthly basis, overall inflation was down 0.2% and core CPI eased 0.1%.
- A report released by the Labor Department on Thursday showed first-time claims for US unemployment benefits unexpectedly increased for the second straight week in the week ended September 18th. The Labor Department said initial jobless claims rose to 351,000, an increase of 16,000 from the previous week~s revised level of 335,000. With the uptick, jobless claims climbed further off the pandemic-era low of 312,000 set in the week ended September 4th.
- US leading economic index advanced by 0.9% in August after climbing by 0.8% in July, the Conference Board reported on Thursday. The report said the coincident economic index edged up by 0.2 percent in August following a 0.6% increase in July. The lagging economic index also inched up by 0.1% in August after rising by 0.5% in the previous month.
- The US stocks rallied on Thursday, extending a relief rally after the Federal Reserve signaled no imminent removal of its ultra-easy monetary policy.
- European stocks fell ahead of the weekend with German index DAX losing 0.73% while French CAC tumbled around 1%.
- Asian stocks eased as markets waited for clarity on the Evergrande scenario. China~s Shanghai Composite Index fell 0.80% while he Hang Seng Index of the Hong Kong gave up 1.30%. Japanese benchmark Nikkei 225 jumped 2% today after a holiday on Wednesday.
Debt Market
| Indices | Today's Close | Previous Close | Absolute Change | % Change |
|---|---|---|---|---|
| TREP | 3.28 | 3.3 | -0.02 | -0.606 |
| 3 Month CD | 3.425 | 3.268 | 0.157 | 4.58 |
| 6 Month CD | 3.625 | 3.574 | 0.051 | 1.399 |
| 1 year CD | 3.875 | 3.824 | 0.051 | 1.307 |
| 1 year CP | 4.025 | 3.214 | 0.811 | 20.149 |
| 1 year T-Bill | 3.57 | 3.57 | Unch* | Unch* |
| 1 year AAA | 4.05 | 4.099 | -0.049 | -1.22 |
| 5 year AAA | 5.78 | 5.849 | -0.069 | -1.197 |
| 10 year G_SEC | 6.181 | 6.14 | 0.041 | 0.668 |
*Unchanged
Debt Market News
- The yield on the benchmark 10-year Treasury currently quotes at 1.40%, almost unchanged on the day.
- Reserve Bank of India (RBI) will conduct open market purchase of government securities under the G-sec Acquisition Programme (G-SAP 2.0) for an aggregate amount of INR 15,000 crore on September 30, 2021.
- The benchmark 10-year 6.10% G sec 2030 bond yield closed up 5 basis points at 6.18%.
Commodity
| Commodity | Last | % Change |
|---|---|---|
| Gold (10 gm) | 46,473 | -0.352 |
| Silver (1 kg) | 60,656 | 0.056 |
| Crude Oil (Rs/barrel) | 5,308 | 2.333 |
*Unchanged
Commodity News
- Brent crude was down 27 cents, or 0.35%, at $76.98 a barrel, after earlier rising as high as $77.74, its highest since July 6, and close to its highest since October 2018. U.S. oil was down 40 cents, or 0.55%, at $73.15 a barrel, having closed 1.5% in the previous session, the highest since the start of August.
- Spot Gold in India is hovering around Rs 46000 per 10 grams and latest correction in prices should lead good inquiries from buyers. The MCX Gold futures are trading at Rs 46049 per 10 grams, almost unchanged on the day.
- COMEX Gold stayed mostly supported after falling near a six week low in last session. The metal currently trades up marginally at $1755 per ounce. Traders are expecting strong festive season demand in local spot retail markets over coming weeks. The Covid-19 scenario in the country also stayed affirmative for the bullion.
Currency Exchange Rates
| Currency | Rate |
|---|---|
| USD/INR | 73.688 |
| EUR/INR | 86.601 |
| 100JPY/INR | 66.8 |
| GBP/INR | 101 |
Currency News
- The US dollar index is holding above 93 mark, managing to sustain recent gains.
- The INR closed at 73.68 per US dollar today, slipping 5 basis points on the day.
Global Interest Rates
| Global Interest Rates | % |
|---|---|
| LIBOR 3 Months | 0.132 |
| US Treasury 2 Years | 0.27 |
| US Treasury 10 Years | 1.451 |
| Germany 10 year | -0.229 |
| Uk 10 Year | 0.93 |
| Japan 10 year | 0.06 |
Fll Trends
| Fll Numbers | US ($) million |
|---|---|
| FII Debt | 182.95 |
| FII Equity | 83.51 |
Liquidity
| Liquidity | % |
|---|---|
| Repo | 4 |
| Reverse Repo | 3.35 |
| CRR | 4 |
| SLR | 18 |
Corporate Yields Matrix
| Tenors | AAA-Corp | AA+ | AA | AA- | A+ | A | A- |
|---|---|---|---|---|---|---|---|
| 3 Month CD | 3.743 | 4.133 | 4.491 | 5.311 | 5.761 | 6.536 | 7.311 |
| 6 Month CD | 3.888 | 4.278 | 4.635 | 5.456 | 5.906 | 6.681 | 7.456 |
| 1 Year AAA CBY | 4.176 | 4.591 | 4.949 | 5.702 | 6.152 | 6.927 | 7.702 |
| 2 Year AAA CBY | 4.692 | 5.15 | 5.497 | 5.976 | 6.426 | 7.201 | 7.976 |
| 3 Year AAA CBY | 5.235 | 5.735 | 6.072 | 6.57 | 7.02 | 7.795 | 8.57 |
| 5 Year AAA CBY | 5.991 | 6.434 | 6.754 | 7.455 | 7.905 | 8.68 | 9.455 |
| 7 Year AAA CBY | 6.304 | 6.852 | 7.142 | 7.755 | 8.205 | 8.98 | 9.755 |
| 10 Year AAA CBY | 6.927 | 7.347 | 7.672 | 7.933 | 8.383 | 9.158 | 9.933 |
Investment Jargon
- Absolute Return Index: The absolute return index is a stock index designed to measure absolute returns on investment. The index was created to compare the performance of an individual hedge fund against the hedge fund market as a whole.
Investment Mantra
- It’s never too early to encourage long term savings – Ron Lewis
Disclaimer:
The information contained in this material are extracted from different public sources and does not represent views/opinions of Kotak Mahindra Asset Management Company Limited or its associated companies. Kotak Mahindra Asset Management Co Ltd. does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. All reasonable care has been taken to ensure that the information contained herein is not misleading or untrue at the time of publication. This is not a sales literature and all the information is for the information of the person to whom it is provided without any liability whatsoever on the part of Kotak Mahindra Asset Management Co Ltd or any associated companies or any employee thereof.