18 Mar 2019
Markets for You
Global Indices
Global Indices 15-Mar Prev_Day Abs. Change
% Change
#
Dow Jones 25,849 25,710 139 0.54
Nasdaq 7,689 7,631 58 0.76
FTSE 7,228 7,185 43 0.60
Nikkei 21,451 21,287 164 0.77
Hang Seng 29,012 28,851 161 0.56
Indian Indices 15-Mar Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,024 37,755 269 0.71
Nifty 50 11,427 11,343 84 0.74
Nifty 100 11,595 11,523 72 0.63
Nifty Bank 29,381 28,923 458 1.58
SGX Nifty 11,464 11,390 74 0.65
S&P BSE Power 1,982 1,944 38 1.94
S&P BSE Small Cap 14,837 14,888 -51 -0.34
S&P BSE HC 14,238 14,214 24 0.17
Date P/E Div. Yield P/E Div. Yield
15-Mar 28.15 1.13 28.01 1.18
Month Ago 22.79 1.19 26.53 1.26
Year Ago 23.30 1.16 25.28 1.26
Nifty 50 Top 3 Gainers
Company 15-Mar Prev_Day
% Change
#
Kotak Bank 1325 1269 4.43
Indian Oil 157 151 4.14
HPCL 277 267 3.67
Nifty 50 Top 3 Losers Domestic News
Company 15-Mar Prev_Day
% Change
#
HUL 1698 1737 -2.24
Yes Bank 245 250 -1.92
ITC 291 296 -1.59
Advance Decline Ratio
BSE NSE
Advances 1195 770
Declines 1495 1069
Unchanged 170 108
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 30877
MF Flows** 5271
*15
th
Mar 2019; **14
th
Mar 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.57%
(Feb-19)
4.44%
(Feb-18)
IIP
1.70%
(Jan-19)
7.50%
(Jan-18)
GDP
6.60%
(Dec-18)
7.70%
(Dec-17)
18 March 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
8.40%
(Oct-18)
7.10%
(Sep-18)
Quarter Ago
Inflow/Outflow
-239
1949
3.38%
(Oct-18)
Government data showed that India’s trade deficit narrowed to a 17
month low of $9.60 billion in Feb 2019 from $14.73 billion in the previous
month and $12.30 billion in the same month of the previous year. Trade
deficit narrowed sharply as imports came down 5.41% over the year to
$36.26 billion in Feb 19 from $38.34 billion in the same month of the
previous year. Exports meanwhile increased 2.44% over the year to $26.67
billion in Feb 19 from $26.03 billion in the same month of the previous
year. Imports came down as imports of gold, pearls, precious and semi-
precious stones, petroleum crude and products and electronic goods fell
10.81%, 17.50%, 8.05% and 6.48% respectively over the year.
According to media reports, the government is looking at advance tax
payment to meet the revised Budget target of Rs. 12 lakh crore for FY19.
This comes as fiscal maths is under pressure due to lower buoyancy in tax
collection. The government had earlier estimated Rs. 11.5 lakh crore
collection from direct tax. The increase of Rs. 50,000 crore in the interim
Budget 2019-20 has made the revised target a difficult proposition for the
Central Board of Direct Taxes (CBDT), the report said. A shortfall looks
imminent, it said.
India is in talks with its key trading partners to expand preferential
duties under free trade agreements (FTAs). The government is
streamlining procedures for exporters to avail benefits from such trade
pacts, commerce secretary said. The government is in the process of
further streamlining procedures for exporters to avail benefits offered
under trading opening pacts, he said. He urged exporters to use the tariff
preferences provided by FTAs to enhance their market presence globally.
Markets for You
Asian equity markets were mostly higher after U.K. lawmakers
supported delaying the Brexit process and Chinese Premier promised
support for the slowing economy. Also, reports that a meeting between
U.S. President and Chinese President has been delayed until Apr 2019 lent
support to the markets. Today (as of Mar 18), Asian markets opened
almost higher as investors awaited U.S. and China trade developments.
Nikkei and Hangseng grew 0.34% and 0.17%, respectively (as at 8.a.m.
IST).
As per the last close, European markets closed higher on easing concerns
over Brexit after lawmakers voted to postpone the country's departure
from the European Union. Optimism about U.S and China trade talks
added to the gains.
As per the last close, U.S markets closed higher amid optimism about
U.S. and China trade talks and indications of more Chinese economic
stimulus. Chinese Premier has pledged support for the slowing economy.
However, weak U.S. industrial production data in Feb 2019 restricted the
gains.
Indian equity markets gained on positive global cues and foreign fund
inflows. European markets touched 5-month highs after U.K. lawmakers
voted to delay Brexit. Asian peers were buoyed by the China head of state
pledging support for the slowing economy.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.71% and
0.74% to close at 38,024.32 and 11,426.85, respectively. S&P BSE Mid-Cap
gained 0.55% and S&P BSE Small Cap lost 0.34%.
The overall market breadth on BSE was weak with 1195 scrips advancing
and 1495 scrips declining. A total of 170 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Power was the major gainer, up
1.94%, followed by S&P BSE Utilities and S&P BSE Information Technology,
up 1.92% and 1.75%, respectively. S&P BSE Bankex and S&P BSE Teck
gained 1.59% and 1.4%, respectively. S&P BSE Fast Moving Consumer
Goods was the major loser, down 1.79%, followed by S&P BSE Telecom
and S&P BSE Energy, down 1.55% and 0.42%, respectively. S&P BSE Basic
Materials and S&P BSE Metal lost 0.21% and 0.1%, respectively.
FII Derivative Trade Statistics 15-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 2847.01 2361.89 22966.39
Index Options 277402.90 277129.39 70750.14
Stock Futures 11072.91 10731.31 89266.42
Stock Options 7202.22 7280.77 8113.12
Total 298525.04 297503.36 191096.07
15-Mar Prev_Day
Change
Put Call Ratio (OI) 1.77 1.68 0.10
Indian Debt Market
Put Call Ratio(Vol) 0.94 1.01 -0.07
15-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 6.23% 6.15% 6.24% 5.91%
T-Repo 6.22% 6.20% 6.27% NA
Repo 6.25% 6.25% 6.25% 6.00%
Reverse Repo 6.00% 6.00% 6.00% 5.75%
91 Day T-Bill 6.28% 6.42% 6.38% 6.15%
364 Day T-Bill 6.37% 6.45% 6.45% 6.53%
10 Year Gilt 7.34% 7.37% 7.36% 7.63%
G-Sec Vol. (Rs.Cr) 43737 30649 30256 30469
Currency Market Update
FBIL MIBOR 6.26% 6.25% 6.30% 5.95%
3 Month CP Rate 7.50% 7.70% 7.55% 7.68%
5 Year Corp Bond 8.34% 8.36% 8.46% 8.17%
1 Month CD Rate 7.18% 7.31% 6.43% 7.06%
3 Month CD Rate 7.34% 7.26% 7.33% 7.01%
1 Year CD Rate 7.53% 7.69% 7.80% 7.40%
Commodity Market Update
Currency 15-Mar Prev_Day
Change
USD/INR 69.21 69.67 -0.45
GBP/INR 91.64 92.29 -0.64
EURO/INR 78.34 78.84 -0.50
International News
JPY/INR 0.62 0.62 0.00
Commodity 15-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 58.46 55.72 55.53 61.15
Brent Crude($/bl) 66.10 63.07 66.04 63.31
Gold( $/oz) 1301 1298 1321 1316
Gold(Rs./10 gm) 31966 32123 33193 30320
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
18 March 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields fell as stronger than expected demand at the weekly debt
auction neutralised fears of oversupply of government securities in the
market. Hopes that the Monetary Policy Committee might cut interest
rates again in Apr as retail inflation stayed below the Reserve Bank of
India’s 4% target further added to the gains
Yield on the existing 10-year benchmark paper (7.17% GS 2028) fell 5
bps to 7.50% as compared with the previous session’s close of 7.55% after
trading in the range of 7.50% to 7.56%.
Yield on the upcoming new 10-year benchmark paper (7.26% GS 2029)
fell 2 bps to close at 7.34% compared with the previous session’s close of
7.36% after trading in the range of 7.32% to 7.37%.
Banks borrowed Rs. 2001 crore under the central bank’s Marginal
Standing Facility on Mar 14, 2019 compared with borrowings of Rs. 488
crore on Mar 13, 2019.
A report from the labor department showed that U.S. initial jobless
claims rose to 229,000 for the week ended Mar 9, 2019, up 6,000 from
the previous week's level of 223,000. Continuing claims grew by 18,000 to
1.776 million for the week ended Mar 2, 2019.
A report from the Eurostat showed that eurozone’s inflation came in
line with market expectations and grew 1.5% in Feb 2019 as against 1.4%
in Jan 2019. Core inflation (inflation rate excluding energy, food, alcohol
and tobacco) eased to 1% in Feb as against 1.1% in Jan.
Markets for You
Nifty Mar 2019 Futures were at 11470.45, a premium of 43.60 points,
over the spot closing of 11,426.85. The turnover on NSE’s Futures and
Options segment increased to Rs. 8,82,993.97 crore on Mar 15, 2019,
compared with Rs. 19,97,209.25 crore on Mar 14, 2019.
The Put-Call ratio stood at 0.79, compared with the previous session’s
close of 0.83.
The Nifty Put-Call ratio stood at 1.68 compared with the previous
session’s close of 1.68.
Open interest on Nifty Futures stood at 23.93 million as against the
previous session’s close at 20.76 million.
The Indian rupee surged to a near seven month high against the
greenback following gains in the domestic equity market. The rupee closed
at 69.09 a dollar, up 0.38% compared with the previous close of 69.35.
The euro rose against the greenback as the investor risk sentiment
improved on reports that China will cut value-added tax for manufacturing
and other sectors on Apr 1. The euro was last seen trading at 1.1331 a
dollar, up 0.26% compared with the previous close of 1.1302.
Gold prices regained its $1300 per ounce level following comments from
China’s Premier suggesting downward pressure for the world’s second
largest economy.
Brent Crude prices edged higher after report from IEA showed that oil
output from the OPEC had dropped to its lowest level in four years.
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your time.