FII Derivative Trade Statistics 25-Apr
(Rs Cr) Buy
Index Futures 9720.12 9278.78 23798.76
Index Options 246907.13 247031.88 78183.55
Stock Futures 36160.72 35778.60 99316.90
Stock Options 6530.43 6469.87 7951.54
Total 299318.40 298559.13 209250.75
Put Call Ratio (OI) 1.36 1.65 -0.29
Indian Debt Market
Put Call Ratio(Vol) 0.99 0.90 0.09
25-Apr Wk. Ago Mth. Ago
Call Rate 6.14% 6.08% 6.19% 5.88%
T-Repo 6.03% 5.98% 6.18% NA
Repo 6.00% 6.00% 6.25% 6.00%
Reverse Repo 5.75% 5.75% 6.00% 5.75%
91 Day T-Bill 6.39% 6.32% 6.20% 6.20%
364 Day T-Bill 6.51% 6.44% 6.39% 6.63%
10 Year Gilt 7.45% 7.42% 7.32% 7.74%
G-Sec Vol. (Rs.Cr) 31940 25688 29894 26253
Currency Market Update
FBIL MIBOR* 6.26% 6.09% 6.25% 6.02%
3 Month CP Rate 7.50% 7.00% 7.50% 7.25%
5 Year Corp Bond 8.56% 8.54% 8.41% 8.41%
1 Month CD Rate 7.02% 6.93% 8.10% 6.64%
3 Month CD Rate 7.19% 7.13% 7.19% 6.71%
1 Year CD Rate 7.50% 7.49% 7.68% 7.61%
Commodity Market Update
Currency 25-Apr Prev_Day
USD/INR 69.94 69.90 0.04
GBP/INR 90.26 90.35 -0.09
EURO/INR 78.05 78.33 -0.28
JPY/INR 0.62 0.63 0.00
Commodity 25-Apr Wk Ago Mth. Ago
NYMEX Crude($/bl) 65.18 63.97 58.66 67.99
Brent Crude($/bl) 74.63 70.45 67.86 74.53
Gold( $/oz) 1277 1275 1322 1323
Gold(Rs./10 gm) 31794 31394 32054 31304
Source: Thomson Reuters Eikon
*As on previous trading day
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Derivative Statistics- Nifty Options
• Nifty Apr 2019 Futures settled at spot closing of 11,641.80. Nifty May
2019 Futures were at 11,730.85, a premium of 89.05 points, above the
spot closing. The turnover on NSE’s Futures and Options segment
increased to Rs. 25,68,108.08 crore on Apr 25, 2019, compared with Rs.
14,23,405.23 crore on Apr 24, 2019.
• The Put-Call ratio stood at 0.82 compared with the previous session’s
close of 0.83.
• The Nifty Put-Call ratio stood at 1.36 compared with the previous
session’s close of 1.65.
• India VIX declined 2.83% to 23.0400 compared with 23.7125 at the
previous trading session.
• Bond yields moved up with the steep surge in crude oil prices and
depreciation in the local currency. These factors raised inflationary
concerns and dampened the bond market sentiment.
• Yield on the 10-year benchmark paper (7.26% GS 2029) rose 2 bps at
7.45% compared with the previous session’s close of 7.43% after trading
in a range of 7.43% to 7.48%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 23,960 crore (gross) on Apr 25, 2019, compared
with Rs. 9,953 crore (gross) as on Apr 24, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 16,526
crore on Apr 24, 2019.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on Apr 24, 2019 compared with borrowings of Rs. 620 crore on
Apr 23, 2019.
• The India rupee moved down after crude oil prices saw a steep surge as
U.S. tightens Iran sanctions. Rise in crude prices also made importers step
up greenback purchases, which further dragged the domestic currency.
• The euro depreciated as it continued to reel under the pressure of
Germany’s business climate index that fell for Apr 2019 and raised growth
fears. Besides, political instability in Spain due to electoral uncertainty
also weighed down on the single currency.
• Gold prices moved up following feeble economic data from South Korea
• Brent crude prices gained in anticipation of a tighter market condition
following U.S.’s decision of terminating all exemptions and asking
countries to halt importing Iranian oil from May 2019.
• Bank of Japan kept its monetary policy unchanged and maintained
interest rate at -0.1% on current accounts that financial institutions
maintain at the bank. It stated that the interest rates will remain very low
for an extended period, thereby indicating uncertainties concerning
economy and prices, and the impact of the scheduled consumption tax
hike. The bank stated that it will purchase government bonds so that the
yield of 10-year JGBs will remain at around 0%. Despite being impacted
by the slowdown in overseas economies for the time being, the central
bank expects Japanese economy to continue its moderate expansion. It
downwardly revised its real GDP growth outlook to 0.8% and 0.9% from
0.9% and 1% for FY20 and FY21, respectively.