30 Jan 2019
Markets for You
Global Indices
Global Indices 29-Jan Prev_Day Abs. Change
% Change
#
Dow Jones 24,580 24,528 52 0.21
Nasdaq 7,028 7,086 -57 -0.81
FTSE 6,834 6,747 87 1.29
Nikkei 20,665 20,649 16 0.08
Hang Seng 27,532 27,577 -45 -0.16
Indian Indices 29-Jan Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,593 35,657 -64 -0.18
Nifty 50 10,652 10,662 -9 -0.09
Nifty 100 10,830 10,837 -7 -0.06
Nifty Bank 26,573 26,653 -80 -0.30
SGX Nifty 10,718 10,675 43 0.40
S&P BSE Power 1,863 1,857 5 0.30
S&P BSE Small Cap 13,708 13,722 -14 -0.10
S&P BSE HC 13,760 13,658 102 0.75
Date P/E Div. Yield P/E Div. Yield
29-Jan 23.26 1.18 25.84 1.27
Month Ago 23.69 1.16 26.16 1.24
Year Ago 26.38 1.07 27.71 1.02
Nifty 50 Top 3 Gainers
Company 29-Jan Prev_Day
% Change
#
Adani Ports & SEZ 349 326 7.10
Bharti Infratel 297 287 3.50
Bajaj Finserv Limited 6233 6051 3.01
Nifty 50 Top 3 Losers Domestic News
Company 29-Jan Prev_Day
% Change
#
Eicher Motors 18877 19987 -5.55
GAIL 324 333 -2.88
Yes Bank 203 208 -2.22
Advance Decline Ratio
BSE NSE
Advances 1098 806
Declines 1422 985
Unchanged 140 100
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -4219
MF Flows** 6825
*29
th
Jan 2019; **28
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)
30 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
103
-77
3.70%
(Sep-18)
Indian equity markets were subdued after a volatile session. A number
of events that are scheduled for the week kept investors anxious the
U.S. Federal Reserve’s FOMC meeting, U.S.-China trade talks, a key Brexit
vote in U.K. parliament, Jan 31’s F&O expiry and the interim budget.
Global cues were negative too after two major global companies gave
disappointing earnings guidance because of weakness in China and the
U.S. Justice Department pressed criminal charges against a Chinese tech
giant and its chief financial officer.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.18% and
0.09%, respectively, to close at 35,592.50 and 10,652.20, respectively.
S&P BSE Mid-Cap gained 0.39% and S&P BSE Small Cap lost 0.10%.
On the BSE sectoral front, S&P BSE Telecom was the major gainer, up
0.98%, followed by S&P BSE Healthcare, up 0.75%, and S&P BSE Teck, up
0.73%. S&P BSE Information Technology gained 0.65% and S&P BSE Fast
Moving Consumer Goods gained 0.59%. S&P BSE Energy was the major
loser, down 1.2%, followed by S&P BSE Capital Goods and S&P BSE Oil &
Gas, down 1.01% and 0.92%, respectively. S&P BSE Realty and S&P BSE
Auto fell 0.62% and 0.38%, respectively.
Finance minister has reviewed the performance of Public Sector Banks
(PSBs). The banks have committed themselves to increasing lending to
micro, small and medium enterprises (MSMEs) while also significantly
increasing the level of domestic credit growth. The PSBs have agreed
increase their efforts to finance the Pradhan Mantri Awas Yojana which
is aimed at securing housing for all by 2022.
The Reserve Bank of India governor met heads of public sector banks
and conveyed to them the central bank’s expectation from the banking
sector. RBI is scheduled to announce its sixth bi-monthly monetary policy
for 2018-19 on Feb 7.
According to the Reserve Bank of India (RBI), foreign direct investment
(FDI) during the previous fiscal grew 18% to Rs. 28.25 lakh crore. FDI
increased Rs. 4,33,300 crore, including revaluation of past investments,
during 2017-18 to touch Rs. 28,24,600 crore in Mar 2018 at market
value.
According to the Agriculture Ministry, the government has procured
52.83 lakh tonne of pulses and oilseeds worth Rs. 24,503 crore so far
under the price support scheme (PSS). The PSS is operationalised on the
state governments' request when the prices fall below the minimum
support price (MSP). The procurement is undertaken by nodal agencies
such as Nafed at the MSP. Only fair average quality commodity is bought.
As per the ministry's latest data, both pulses and oilseeds have been
purchased under the PSS in a dozen states.
Tata Steel has announced that it has signed a definitive agreement with
China’s HBIS Group to sell 70% stake in its Southeast Asia operations.
Bank of India’s net loss for the quarter ended Dec 2018 doubled to Rs.
4,738 crore compared with a loss of Rs. 2,341 crore in the year-ago
period. Gross non-performing assets (GNPA) stood at 16.31% as on Dec
against 16.93% in the year-ago period.
Asian equity markets were mostly lower after the world’s biggest heavy
equipment maker and a leading global chipmaker gave disappointing
guidance because of falling demand in China. Investors were also anxious
over the U.S. Department of Justice putting criminal charges on a
Chinese tech giant and its chief financial officer, who was arrested last
year and later released. Today (as of Jan 30), Asian markets opened on a
mixed note as investors awaited U.S. and China trade talks later in the
day. However, Nikkei and Hangseng fell 0.64% and 0.46%, respectively
(as at 8.a.m. IST).
As per the last close, European markets closed higher ahead of the vote
on U.K.’s prime minister new Brexit plan. However, lingering concerns
about U.S.-China trade disputes restricted the gains.
As per the last close, U.S markets closed on a mixed note following
mixed reaction to earnings results from some U.S. majors. Further,
Investors remained cautious ahead of release of quarterly results by a
technology major, U.S. Fed’s monetary policy announcement on Jan 30
and monthly jobs report on Feb 1.
Markets for You
FII Derivative Trade Statistics 29-Jan
(Rs Cr) Buy
Sell Open Int.
Index Futures 7107.90 6690.58 37160.13
Index Options 110906.34 111633.96 73940.77
Stock Futures 30689.69 31149.81 88025.27
Stock Options 8965.00 9133.03 11434.70
Total 157668.93 158607.38 210560.87
29-Jan Prev_Day
Change
Put Call Ratio (OI) 1.22 1.23 -0.01
Indian Debt Market
Put Call Ratio(Vol) 0.84 0.89 -0.05
29-Jan Wk. Ago Mth. Ago
Year Ago
Call Rate 6.38% 6.43% 6.57% 5.89%
T-Repo 6.33% 6.52% 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 6.50% 6.54% 6.52% 6.40%
364 Day T-Bill 6.75% 6.80% 6.93% 6.51%
10 Year Gilt 7.53% 7.53% 7.39% 7.44%
G-Sec Vol. (Rs.Cr) 23080 30725 29338 30262
Currency Market Update
FBIL MIBOR* 6.55% 6.55% 6.68% 6.00%
3 Month CP Rate 7.60% 7.60% 7.25% 7.79%
5 Year Corp Bond 8.43% 8.48% 8.26% 8.07%
1 Month CD Rate 6.74% 6.75% 7.09% 6.25%
3 Month CD Rate 7.27% 7.09% 7.01% 7.20%
1 Year CD Rate 8.07% 7.95% 8.05% 7.46%
Commodity Market Update
Currency 29-Jan Prev_Day
Change
USD/INR 71.09 71.13 -0.04
GBP/INR 93.55 93.82 -0.28
EURO/INR 81.32 81.15 0.17
International News
JPY/INR 0.65 0.65 0.00
Commodity 29-Jan Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 53.02 52.54 45.10 65.63
Brent Crude($/bl) 61.42 61.24 50.51 68.25
Gold( $/oz) 1312 1285 1281 1340
Gold(Rs./10 gm) 32862 32324 31547 30223
Source: Thomson Reuters Eikon
*As on 28th Jan 2019
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
30 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 10,668.05, a premium of 15.85 points,
over the spot closing of 10,652.20. The turnover on NSE’s Futures and
Options segment declined to Rs. 8,55,503.65 crore on Jan 29, 2019,
compared with Rs. 8,98,683.35 crore on Jan 28, 2019.
The Put-Call ratio stood at 0.86 compared with previous close of 0.96.
The Nifty Put-Call ratio stood at 1.22 compared with previous close of
1.23.
India VIX decreased 3.90% to 18.1600 compared with 18.8975 at the
previous trading session.
Open interest on Nifty Futures stood at 29.18 million as against the
previous close at 28.45 million.
Bond yields marginally fell as market participants are awaiting the
interim budget announcement due on Feb 1, 2019 to get clarity on the
country’s fiscal consolidation program. The government is expected to
announce the farm relief package in the budget.
Yield on the 10-year benchmark paper (7.17% GS 2028) decreased 1
bps to close at 7.53% as compared with 7.54% in the previous session
after trading in the range of 7.52% to 7.56%.
Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,041 crore (gross) on Jan 29, 2019 compared
with a borrowing of Rs. 8,017 crore (gross) on Jan 28, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window
stood at Rs. 11,283 crore on Jan 28, 2019.
Banks borrowed Rs. 101 crore under the central bank’s Marginal
Standing Facility on Jan 28, 2019 compared with no borrowing on Jan
25, 2019.
The Indian rupee was steady to slightly lower against the greenback
ahead of the U.S. Federal Reserve policy meeting and the domestic
interim budget due on Feb 1, 2019.
The euro was nearly steady against the greenback as market
participants are glued to the upcoming U.S. Federal Reserve policy
meeting to take cues on the interest rate cycle and rising risks in U.S.
Gold prices drifted higher amid escalating U.S.-China trade feud and
concerns over corporate earnings.
Brent crude prices moved up following U.S. sanction on Venezuela's
state-owned company to put the current president under pressure and
surrender his power to the rival.
The Japan Cabinet Office has reduced its assessment of exports in Jan
2019. The cut has come because of the U.S.-China trade war, which is
sign of the dispute spreading to the world’s third-largest economy. This
means a downgrade from Dec 2018 when the Cabinet Office said
exports had flattened. Shipments of electronics and semiconductor
manufacturing equipment to China have slowed considerably because of
the trade dispute and fading smartphone demand.
According to a report from the U.S. Congressional Budget Office (CBO),
the record-setting U.S. government shutdown will still have a
permanent, negative effect on the economy.
Markets for You
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