Equity News from IIFL

Buy in September may be part of an old market adage and the constant crashes may make stocks attractive but investors are shying away from equities world over as selling grips stock markets. The month of August saw record high selling of Indian equities by the FIIs, as mounting concerns over China prompted overseas investors to reduce exposure to risky Emerging Markets (EM), including India. FIIs sold Indian shares worth US$2.55bn in August. Meanwhile, the government has accepted the recommendation of the AP Shah committee to not pursue cases against foreign institutional investors (FII) involving minimum alternate tax (MAT) levied prior to April 1, 2015.

The outlook is a weak start. Asian markets are in the red. US stocks sank yet again on Tuesday with the blue chips registering their third biggest loss for the year, as investors turned jittery following downbeat economic data out of China. The S&P 500 index nosedived 58.33 points, or 3%, to end at 1,913, with all of its 10 sectors in the red.


Indian market % change
Last close 1 day 3 mth YTD
Sensex 25,696 (2.2) (5.5) (6.6)
Nifty 7,786 (2.3) (5.5) (6.0)
BSE 100 7,933 (2.3) (4.9) (5.2)
BSE 200 3,294 (2.2) (4.5) (3.9)
CNX Midcap 12,787 (2.1) (0.8) 1.6
BSE Small Cap 10,303 (2.2) (4.3) (3.9)
BSE 100 Futs 7,978 (2.3) (7.1) (5.4)
Sensex Futs 25,730 (2.5) (7.6) (6.8)
Developed market % change
Last close 1 day 3 mth YTD
Dow Jones 16,058 (2.8) (10.8) (9.9)
Nasdaq 4,636 (2.9) (8.7) (2.1)
S&P 500 1,914 (3.0) (9.3) (7.0)
FTSE 6,059 (3.0) (12.6) (7.7)
CAC 4,541 (2.4) (9.3) 6.3
DAX 10,016 (2.4) (11.6) 2.1
Hang Seng* 20,925 (1.2) (23.8) (11.4)
Nikkei* 18,309 0.8 (10.9) 4.9
Emerging market % change
Last close 1 day 3 mth YTD
Shanghai Comp 3,084 (2.6) (37.2) (4.7)
Brazil Bovespa 45,477 (2.5) (16.2) (9.1)
Mexico Bolsa 42,912 (1.9) (4.5) (0.5)
Kospi* 1,906 (0.4) (8.3) (0.5)
Straits* 2,890 0.3 (13.5) (14.1)
* Markets are open
Institutional activity
(Rs cr) Cash F&O MTD YTD
FIIs (557) (6) 1,338 26,410
MFs 59 - 11,960 46,847
FIIs Prov. (221)
MFs Prov. (345)
Commodities % change
Last close 1 day 3 mth YTD
Crude (US$/bbl) 44.3 (2.5) (27.7) (16.9)
Gold (US$/oz) 1,138 (0.2) (4.6) (3.9)
Copper (US$/mt) 5,083 (1.2) (15.5) (20.2)
Aluminium (US$/mt) 1,583 (0.3) (8.1) (13.2)
Zinc (US$/mt) 1,805 (0.2) (16.0) (16.7)
Currency % change
Last close 1 day 3 mth YTD
Rs/US$ 66.22 (0.4) (3.8) (4.8)
US$/GBP 1.53 0.0 (0.2) (1.7)
US$/EUR 1.13 (0.4) 1.1 (6.8)
Yen/US$ 120.05 0.6 3.4 (0.2)
Advance/Decline stocks
(Nos) 1-Sep-15 31-Aug-15
Adv 233 668
Dec 1,288 833
Unch 50 66
A/D ratio (x)* 0.18 0.80
*A/D excluding Unch
Trade value
(Rs cr) % chg
Cash NSE 17,647 (20.2)
Cash BSE 2,483 14.4
Total Cash 20,130 (17.1)
Delivery (%) 42.4 0.0
Derivatives 205,275 42.7
Bond Market
Last close Bps chg
10yr Gsec 7.75 (0.00)
Call rate 6.85 (0.40)