28 Jan 2019
Markets for You
Global Indices
Global Indices 25-Jan Prev_Day Abs. Change
% Change
#
Dow Jones 24,737 24,553 184 0.75
Nasdaq 7,165 7,073 91 1.29
FTSE 6,809 6,819 -10 -0.14
Nikkei 20,774 20,575 199 0.97
Hang Seng 27,569 27,121 448 1.65
Indian Indices 25-Jan Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,026 36,195 -170 -0.47
Nifty 50 10,781 10,850 -69 -0.64
Nifty 100 10,968 11,049 -81 -0.73
Nifty Bank 27,115 27,266 -151 -0.55
SGX Nifty 10,800 10,887 -88 -0.80
S&P BSE Power 1,883 1,902 -19 -0.99
S&P BSE Small Cap 14,000 14,225 -225 -1.58
S&P BSE HC 13,948 13,999 -50 -0.36
Date P/E Div. Yield P/E Div. Yield
25-Jan 23.68 1.17 26.14 1.25
Month Ago 23.30 1.18 25.80 1.25
Year Ago 26.24 1.08 27.61 1.02
Nifty 50 Top 3 Gainers
Company 25-Jan Prev_Day
% Change
#
Bharti Infratel 280 263 6.37
HCL Tech 969 946 2.42
Yes Bank 220 215 1.95
Nifty 50 Top 3 Losers Domestic News
Company 25-Jan Prev_Day
% Change
#
Zee Ente. 318 434 -26.61
Maruti 6513 7041 -7.49
Ultratech Cem 3511 3791 -7.38
Advance Decline Ratio
BSE NSE
Advances 677 443
Declines 1885 1356
Unchanged 142 97
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -4878
MF Flows** 6663
*25
th
Jan 2019; **24
th
Jan 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.19%
(Dec-18)
5.21%
(Dec-17)
IIP
0.50%
(Nov-18)
8.50%
(Nov-17)
GDP
7.10%
(Sep-18)
6.30%
(Sep-17)
28 January 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
6.50%
(Jul-18)
8.20%
(Jun-18)
Quarter Ago
Inflow/Outflow
354
-195
3.70%
(Sep-18)
Indian equity markets saw a volatile session as indices increased
considerably in the first half but still ended in the red. They had initially
gained on positive global cues after U.S. and China progressed in their
trade talks. The downturn came after a major domestic automaker
registered double-digit decline in net profit for the third quarter. Another
media company lost significantly after news of its promoters reducing
stake emerged.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.47% and
0.64%, respectively, to close at 36,025.54 and 10,780.55, respectively.
S&P BSE Mid-Cap and S&P BSE Small Cap declined 1.20% and 1.58%,
respectively.
On the BSE sectoral front, S&P BSE Telecom was the major gainer, up
1.74%, followed by S&P BSE Information Technology, up 0.2%, and S&P
BSE Oil & Gas, up 0.18%. S&P BSE Energy and S&P BSE Consumer
Durables gained 0.07% each. S&P BSE Realty was the major loser, down
4.09%, followed by S&P BSE Auto and S&P BSE Consumer Discretionary
Goods & Services, down 3.14% each.
An international rating agency has forecasted India's 2018-19 fiscal
deficit to slip to 3.4% of GDP from budgeted 3.3%. It has cautioned that a
farm package could further lead to more deviation from fiscal
consolidation roadmap. The government is aiming to bring it down to 3%
by 2020. The agency said the government's recent policy announcements
to support the incomes of small enterprises and help farmers facing
stress could make it more difficult for the government to achieve its fiscal
consolidation objectives.
The government could push back the deadline of Feb 1, 2019, for
foreign direct investment policy for ecommerce, according to media
news. Leading e-commerce companies have sought a deferment and the
report says the government is considering an extension of at least two
months. Executives of these companies have met senior government
officials and asked for an extension and review of two key clauses. The
first stops marketplaces and their group companies from having equity
participation in any of their vendors and the second prohibits
marketplaces and group companies from having control over inventory
sold on the platforms.
The interim finance minister will meet heads of public sector banks in
the coming week to discuss issues including review of financial
performance of banks for the nine months ended Dec 2018, credit offtake
and bad loan position of lenders, said media reports. The meeting will
also look into the matter of credit flow to MSMEs, agriculture and retail
sectors.
Tata Motors has said it has no plans to invest and upgrade Nano to
meet BS-VI standards, according to media reports. This hints that the
production and sales of the vehicle could stop from Apr 2020.
Edelweiss Financial Services’ consolidated net profit decreased 4% to
Rs. 226 crore for third quarter ended Dec 2018 compared with Rs. 235
crore in the year-ago period. The fall reflects an increased cost of holding
liquid assets.
Markets for You
Asian equity markets gained after U.S.-China trade relations saw
positive development. U.S. Treasury Secretary said the two countries
were "making a lot of progress" in talks. Today (as of Jan 28), Asian
markets opened mostly higher as investors waited for a new round of
high-level U.S.-China trade talks. However, decline is shares of a Japanese
conglomerate weighed on the market. Nikkei was trading down 0.25%
and Hangseng was trading up 0.64% (as at 8.a.m. IST).
As per the last close, European markets closed mostly higher amid
strong quarterly earnings report and on renewed optimism about trade
talks between the U.S. and China. However, gains were capped as
disappointing earnings data from a major telecom company and rise in
the value of sterling against the greenback.
As per the last close, U.S markets closed higher after U.S. Treasury
Secretary indicated progress in trade talks between the U.S. and China.
Market gained further as U.S. President announced an agreement to end
the record-setting government shutdown.
FII Derivative Trade Statistics 25-Jan
(Rs Cr) Buy
Sell Open Int.
Index Futures 2841.94 3352.85 37690.41
Index Options 146966.55 146042.19 71021.52
Stock Futures 12955.59 12384.52 87180.18
Stock Options 9148.69 9095.22 11532.77
Total 171912.77 170874.78 207424.88
25-Jan Prev_Day
Change
Put Call Ratio (OI) 1.37 1.44 -0.07
Indian Debt Market
Put Call Ratio(Vol) 1.02 0.96 0.05
25-Jan Wk. Ago Mth. Ago
Year Ago
Call Rate 6.41% 6.45% 6.50% 5.91%
T-Repo 6.39% 6.49% 6.52% --
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.54% 6.50% 6.60% 6.40%
364 Day T-Bill 6.76% 6.79% 6.95% 6.51%
10 Year Gilt 7.55% 7.60% 7.29% 7.31%
G-Sec Vol. (Rs.Cr) 32425 30263 21720 39866
Currency Market Update
FBIL MIBOR 6.54% 6.48% 6.60% 6.05%
3 Month CP Rate 7.65% 7.65% 7.20% 7.75%
5 Year Corp Bond 8.49% 8.44% 8.22% 8.00%
1 Month CD Rate 6.64% 6.68% 7.13% 6.24%
3 Month CD Rate 7.27% 7.14% 7.10% 7.21%
1 Year CD Rate 7.88% 7.87% 8.17% 7.45%
Commodity Market Update
Currency 25-Jan Prev_Day
Change
USD/INR 71.11 71.28 -0.18
GBP/INR 93.24 93.15 0.09
EURO/INR 80.50 81.11 -0.61
International News
JPY/INR 0.65 0.65 0.00
Commodity 25-Jan Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 53.48 53.55 45.33 65.59
Brent Crude($/bl) 61.93 62.23 51.87 71.17
Gold( $/oz) 1303 1281 1268 1348
Gold(Rs./10 gm) 32303 32276 31190 30489
Source: Thomson Reuters Eikon
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28 January 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Jan 2019 Futures were at 10785.95, a premium of 5.40 points,
over the spot closing of 10,780.55. The turnover on NSE’s Futures and
Options segment fell to Rs. 7,24,056.94 crore on Jan 25, 2019, compared
with Rs. 16,41,864.45 crore on Jan 24, 2019.
The Put-Call ratio stood at 0.94 compared with the previous session’s
close of 0.75.
The Nifty Put-Call ratio stood at 1.37 compared with the previous
session’s close of 1.44.
Open interest on Nifty Futures stood at 27.95 million as against the
previous session’s close at 28.05 million.
Bond yields fell amid reports that the farm relief package which is
expected to be announced by the government will have a negligible
impact on the country’s fiscal position. Media reports indicating that the
government is considering keeping the fiscal deficit target at 3.3% for
fiscal year 2020 as well also aided market sentiment
Yield on the 10-year benchmark paper (7.17% GS 2028) decreased 1
bps to close at 7.55% as compared with 7.56% in the previous session
after trading in the range of 7.52% to 7.58%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,156 crore (gross) on Jan 25, 2019 compared
with a borrowing of Rs. 3,441 crore (gross) on Jan 24, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 13,930 crore on Jan 24, 2019.
The Indian rupee declined against the greenback as crude oil prices
drifted higher today. In addition, the fall in domestic equity market also
adversely impacted the local currency.
The euro rose against the greenback as market participants remained
on the sidelines ahead of the outcome of the U.S. Federal Reserve
monetary policy review due next week.
Gold prices edged up following the European Central Bank’s warning
regarding a slowdown in the eurozone.
Brent crude prices increased on concerns over Venezuelan political
unrest with speculations of change in the country’s regime.
According to the Conference Board, index of leading U.S. economic
indicators decreased modestly in Dec 2018, suggesting economic growth
may slow down in 2019. The Conference Board said its leading economic
index edged down 0.1% in Dec after rising 0.2% in Nov 2018, matching
economist estimates.
A Labor Department report showed first-time claims for U.S.
unemployment benefits unexpectedly fell to their lowest level in almost
50 years in the week ended Jan 19, 2019. The report said initial jobless
claims decreased to 199,000, a drop of 13,000 from the previous week's
212,000. Expectations were for a rise in jobless claims. Jobless claims
have fallen to their lowest level since hitting 197,000 in Nov 1969.
Markets for You
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