22 Feb 2019
Markets for You
Global Indices
Global Indices 21-Feb Prev_Day Abs. Change
% Change
#
Dow Jones 25,851 25,954 -104 -0.40
Nasdaq 7,460 7,489 -29 -0.39
FTSE 7,167 7,229 -61 -0.85
Nikkei 21,464 21,431 33 0.15
Hang Seng 28,630 28,514 116 0.41
Indian Indices 21-Feb Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,898 35,756 142 0.40
Nifty 50 10,790 10,735 54 0.51
Nifty 100 10,925 10,865 60 0.55
Nifty Bank 27,052 26,956 97 0.36
SGX Nifty 10,796 10,762 34 0.31
S&P BSE Power 1,793 1,787 6 0.34
S&P BSE Small Cap 13,414 13,272 142 1.07
S&P BSE HC 13,507 13,379 128 0.96
Date P/E Div. Yield P/E Div. Yield
21-Feb 23.02 1.20 26.31 1.25
Month Ago 24.06 1.15 26.29 1.23
Year Ago 23.44 1.17 25.18 1.09
Nifty 50 Top 3 Gainers
Company 21-Feb Prev_Day
% Change
#
Indiabulls HFC 684 645 6.01
Tata Motors 170 165 2.97
Bajaj Finserv Limited 6169 5998 2.84
Nifty 50 Top 3 Losers Domestic News
Company 21-Feb Prev_Day
% Change
#
Bharti Infratel 313 318 -1.78
BPCL 335 341 -1.70
Yes Bank 215 218 -1.24
Advance Decline Ratio
BSE NSE
Advances 1570 1218
Declines 983 571
Unchanged 146 97
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -1885
MF Flows** 15822
*21
st
Feb 2019; **20
th
Feb 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.05%
(Jan-19)
5.07%
(Jan-18)
IIP
2.40%
(Dec-18)
7.30%
(Dec-17)
GDP
7.10%
(Sep-18)
6.30%
(Sep-17)
22 February 2019
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
4.60%
(Sep-18)
8.20%
(Jun-18)
Quarter Ago
Inflow/Outflow
498
1283
3.38%
(Oct-18)
The Finance Ministry is expecting bad loan recoveries to touch Rs. 1.80
lakh crore in FY19 as two major cases are at the final stage of resolution.
So far, banks have recovered Rs. 1 lakh crore under the Insolvency and
Bankruptcy Code (IBC). The recovery could touch Rs. 1.80 lakh crore by
Mar 2019 with some of the resolutions at the final stage, Financial
Services Secretary said.
Under National Bulk Handling Corporation’s (NBHC) first estimate of rabi
production in 2018-19, rabi cereals output is expected to decline 9.91%,
while chana/gram is the most affected pulse seeing 9.92% fall in acreage.
The northeast monsoon, between Oct and Dec, over India had been
“Substantially below Normal”. The cumulative rainfall during the post-
monsoon season, from Oct 1, 2018, to Dec 31, 2018, has been 44% lower
than LPA. Rainfall in the four broad geographical divisions of India during
the period has been lower than LPA by 51% each in Central India & East &
North East India, 45% in North West India and 36% in South Peninsula.
ING Group has announced to divest around 1.20% stake (23 lakh shares)
in Kotak Mahindra Bank through block deal on Feb 22, 2019. There are
expectations that the offer price will be at 3-5% discount to Feb 21’s
closing price. ING Group was holding 3.06% share in Kotak Mahindra Bank
as of Dec 31, 2018.
Tata Sons chairman has announced plans to bring down the number of
subsidiaries owned by the Tata Group’s operating companies to a
controllable number. Currently, there are more than 1000 subsidiaries.
According to the chairman, the group’s immediate priorities will be to
stabilise the loss-making Jaguar Land Rover unit, focusing on high-growth
sectors and to boost weaker businesses such as aviation and
infrastructure.
Loss-making Jet Airways could receive fund infusion worth over Rs. 3,000
crore following massive debt-restructuring and funding from Etihad
Airways as well as National Investment and Infrastructure Fund (NIIF).
Etihad, which currently owns 24% in Jet, is a strategic partner and is
expected to pour in around Rs. 1,400 crore
Markets for You
Indian equity markets gained amid buying by foreign and domestic
institutional investors. Positive global cues also helped sentiment as the
U.S. Federal Reserve appeared to become dovish on future interest rate
hikes. There were also reports of the U.S. and China framing agreements
on contentious issues of trade.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.40% and
0.51%, respectively, to close at 35,898.35 and 10,789.85, respectively. S&P
BSE Mid-Cap and S&P BSE Small Cap gained 0.88% and 1.07%,
respectively.
The overall market breadth on BSE was strong with 1570 scrips
advancing and 983 scrips declining. A total of 146 scrips remained
unchanged.
On the BSE sectoral front, S&P BSE Basic Materials was the major gainer,
up 1.29%, followed by S&P BSE Metal and S&P BSE Consumer Goods, up
1.14% and 1.02%, respectively. S&P BSE Healthcare and S&P BSE
Industrials gained 1.02% and 0.96%, respectively. S&P BSE Information
Technology was the major loser, down 0.32%, followed by S&P BSE Teck,
down 0.21%.
Asian equity markets were mixed following media report that the U.S.
and China are outlining deals on the contentious trade issues. The U.S.
Federal Reserve giving dovish signals also supported sentiment. China’s
foreign affairs ministry spokesperson said the country would not use the
yuan's exchange rate as a bargain to deal with the trade dispute. Today (as
of Feb 22), Asian markets opened lower following losses in the U.S. Wall
Street amid U.S. weak economic data. Both Nikkei and Hangseng was
trading down 0.39% and 0.53%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed mixed as weak earnings
updates and factory activity data in Feb 2019 offset investor optimism
about U.S.-China trade talks.
As per the last close, U.S markets closed lower following batch of largely
disappointing U.S. economic data. However, optimism about trade talks
between the U.S. and China restricted the losses.
FII Derivative Trade Statistics 21-Feb
(Rs Cr) Buy
Sell Open Int.
Index Futures 3193.61 2447.22 31289.78
Index Options 173831.20 171625.10 67025.20
Stock Futures 12455.01 12188.55 90592.37
Stock Options 7150.51 7262.33 10837.97
Total 196630.33 193523.20 199745.32
21-Feb Prev_Day
Change
Put Call Ratio (OI) 1.38 1.30 0.08
Indian Debt Market
Put Call Ratio(Vol) 0.98 0.87 0.10
21-Feb Wk. Ago Mth. Ago
Year Ago
Call Rate 6.28% 6.28% 6.49% 5.95%
T-Repo 6.26% 6.21% 6.52% --
Repo 6.25% 6.25% 6.50% 6.00%
Reverse Repo 6.00% 6.00% 6.25% 5.75%
91 Day T-Bill 6.38% 6.35% 6.54% 6.32%
364 Day T-Bill 6.47% 6.49% 6.79% 6.61%
10 Year Gilt 7.54% 7.52% 7.57% 7.71%
G-Sec Vol. (Rs.Cr) 18081 33308 41537 12976
Currency Market Update
FBIL MIBOR* 6.37% 6.35% 6.48% 6.05%
3 Month CP Rate 7.75% 7.15% 7.60% 7.89%
5 Year Corp Bond 8.47% 8.36% 8.45% 8.19%
1 Month CD Rate 6.60% 6.41% 6.71% 6.24%
3 Month CD Rate 7.38% 7.07% 7.11% 7.22%
1 Year CD Rate 7.60% 7.60% 7.95% 7.50%
Commodity Market Update
Currency 21-Feb Prev_Day
Change
USD/INR 71.15 71.18 -0.02
GBP/INR 92.72 92.93 -0.21
EURO/INR 80.62 80.71 -0.09
International News
JPY/INR 0.64 0.64 0.00
Commodity 21-Feb Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 56.90 54.35 53.67 61.71
Brent Crude($/bl) 67.45 64.39 62.19 64.55
Gold( $/oz) 1323 1312 1280 1324
Gold(Rs./10 gm) 33531 32845 32154 30393
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
22 February 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Markets for You
Nifty Feb 2019 Futures were at 10,804.45, a premium of 14.60 points,
over the spot closing of 10,789.85. The turnover on NSE’s Futures and
Options segment increased to Rs. 15,14,786.09 crore on Feb 21, 2019,
compared with Rs. 10,11,506.05 crore on Feb 20, 2019.
The Put-Call ratio stood at 0.82, compared with the previous session’s
close of 0.91.
The Nifty Put-Call ratio stood at 1.38 compared with the previous
session’s close of 1.30.
India VIX decreased 6.78% to 15.8975 compared with 17.0550 at the
previous trading session.
Open interest on Nifty Futures stood at 24.05 million as against the
previous session’s close at 24.34 million.
Bond yields were nearly steady as market participants await the minutes
of the Monetary Policy Committee’s meeting to get clarity on the
governor’s rationale behind the softer policy stance.
Yield on the 10-year benchmark paper (7.17% GS 2028) remained
unchanged at 7.55% as compared with the previous session’s close after
trading in the range of 7.54% to 7.56%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,858 crore (gross) on Feb 21, 2019, compared
with Rs. 18,726 crore (gross) as on Feb 20, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 15,583
crore on Feb 20, 2019.
Banks did not borrow under the central bank’s Marginal Standing Facility
on Feb 20, 2019 compared with borrowing of Rs. 215 crore on Feb 18,
2019.
The Indian rupee depreciated with rise in greenback demand from oil
importers and surge in crude oil prices. The rupee closed at 71.25 a dollar,
down 0.20% compared with the previous close of 71.11.
The euro moved up following the rise in eurozone government bond
yields. In addition, a survey revealing strong French business activity in Feb
supported the common currency. The euro was last seen trading at 1.1346
a dollar, up 0.10% compared with the previous close of 1.1335.
Gold prices drifted lower as greenback firmed following the minutes of
the U.S. Federal Reserve’s policy meeting held in Jan.
Brent crude prices moved up due to the OPEC-led production cut to
tighten the oil market.
As per the minutes of the U.S. Federal Reserve's latest policy meeting, "a
patient approach would have the added benefit of giving policymakers an
opportunity to judge the response of economic activity and inflation to the
recent steps taken to normalize the stance of monetary policy". The
minute stated that additional data would help policymakers gauge the
trajectory of business and consumer sentiment and the impact of the
financial tightening on aggregate demand.
Preliminary survey data from IHS Markit showed that eurozone's private
sector expanded at the fastest pace in three months in Feb 2019. The flash
Composite Purchasing Managers' Index grew to 51.4 from 51 in Jan 2019.
The flash services PMI grew to a 3-month high of 52.3 from 51.2 in Jan
2019. In contrast, the manufacturing PMI fell to a 68-month low of 49.2
from 50.5 in the previous month.
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