03 Apr 2019
Markets for You
Global Indices
Global Indices 02-Apr Prev_Day Abs. Change
% Change
#
Dow Jones 26,179 26,258 -79 -0.30
Nasdaq 7,849 7,829 20 0.25
FTSE 7,391 7,317 74 1.01
Nikkei 21,505 21,509 -4 -0.02
Hang Seng 29,625 29,562 63 0.21
Indian Indices 02-Apr Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 39,057 38,872 185 0.48
Nifty 50 11,713 11,669 44 0.38
Nifty 100 11,861 11,833 29 0.24
Nifty Bank 30,354 30,327 28 0.09
SGX Nifty 11,811 11,746 65 0.55
S&P BSE Power 2,046 2,032 15 0.72
S&P BSE Small Cap 15,117 15,144 -28 -0.18
S&P BSE HC 14,379 14,455 -75 -0.52
Date P/E Div. Yield P/E Div. Yield
2-Apr 28.46 1.11 29.24 1.12
Month Ago 26.53 1.19 26.49 1.24
Year Ago 22.94 1.17 25.35 1.26
Nifty 50 Top 3 Gainers
Company 02-Apr Prev_Day
% Change
#
Tata Motors 203 187 8.33
Bharti Airtel 356 341 4.59
Eicher Motors 20584 20048 2.67
Nifty 50 Top 3 Losers Domestic News
Company 02-Apr Prev_Day
% Change
#
HPCL 274 284 -3.47
Zee Ente. 418 432 -3.24
BPCL 381 392 -2.91
Advance Decline Ratio
BSE NSE
Advances 1197 835
Declines 1366 948
Unchanged 153 123
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 56490
MF Flows** 1764
*2
nd
Apr 2019; **1
st
Apr 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)
03 April 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
Nifty
8.40%
(Oct-18)
7.10%
(Sep-18)
Quarter Ago
Inflow/Outflow
-353
9552
3.38%
(Oct-18)
• India equity markets closed in the green amid reports that the Monetary
Policy Committee is expected to cut rates in the first bi-monthly monetary
policy decision for FY20 on Apr 4, 2019. Strong foreign fund inflows
supported buying interest. Further, positive global cues driven by upbeat
manufacturing data from China and the U.S. for Mar 2019 strengthened
investor confidence in the global economy. However, weakness in rupee,
surge in crude oil prices and easing of Nikkei India Manufacturing
Purchasing Managers' Index for Mar 2019 restricted the gains.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.48% and
0.38% to close at 39,056.65 and 11,713.20, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap fell 0.04% and 0.18%, respectively.
• On the BSE sectoral front, S&P BSE Realty stood as the major gainer and
grew 2.66%, followed by S&P BSE Telecom that grew 1.54%. S&P BSE Auto
and S&P BSE Utilities grew 0.94% and 0.75%, respectively. S&P BSE
Information Technology and S&P BSE Power each grew 0.72%. Power
sector got a boost following reports that the Supreme Court has dismissed
RBI’s February 12, 2018 circular on bad loan resolution.
• The Nikkei India Manufacturing Purchasing Managers' Index (PMI) fell to
52.6 in Mar 2019 from 54.3 in Feb 2019. This marked six-months low.
Though increase in new orders was solid, it was slowest in six months.
Also, increase in production, input buying and employment were soft.
Subdued inflationary pressures, with rates of increase in input costs and
output charges below their respective long-run averages also led to the
decline.
• The Reserve Bank of India (RBI) will again swap up to $5 billion to infuse
durable liquidity in the system. This will take place in the next auction of
three-year tenure that will be held on Apr 23, 2019. This comes one
month after the first swap saw a huge response from banks. In the auction
held on Mar 26, 2019, $16.31 billion were offered by the market
participants against the notified amount of $5 billion.
• The RBI has made changes to the disclosure norms for banks on material
divergences on provisioning. Now, the banks will have to disclose their
provisions if the divergence found is more than 10% of the bank’s profit
before provisioning and contingencies. However, earlier, banks had to
disclose additional provisioning requirements if divergences exceeded
15% of the published net profits after tax. No changes to the norms on
divergence on gross non-performing assets have been made and it
continues to be a material divergence of 15%, as found by the auditors of
RBI and as reported by the bank.
• As per media reports, a major global rating agency has revised Tata
Steel's outlook from stable to positive. This was done based on the
stability of international steel prices and less chances of the company
acquiring the debt-laden Bhushan Power and Steel thereby keeping Tata
Steel’s credit profile strong.
• Zydus Cadila announced that it has received tentative nod from the U.S.
Food and Drug Administration (USFDA) to market its Mirabegron
extended-release tablets in the strengths of 25 mg and 50 mg.
• As per media reports, Mswipe Technologies has raised $30 million from
its existing investors Falcon Edge, B Capital, Epiq Capital and DSG Growth
Partners.
• Most of the Asian markets gained following improved manufacturing
data from China and U.S. Progress over U.S. -China trade talks and
expectations of more stimulus measures from China helped the
sentiments. Today (as of Apr 3), Asian markets opened on a higher note.
Investors remained focused on trade negotiations between U.S. and China
that is set to continue in Washington. Nikkei and Hangseng grew 0.62%
and 0.87%, respectively (as at 8.a.m. IST).
• As per the last close, European markets managed to closed higher
following continued optimism over upbeat manufacturing data from U.S.
and China in Mar 2019. However, uncertainty about Brexit restricted the
gains.
• As per the last close, U.S markets closed on a mixed note post volatile
session due to uncertainty about the near-term outlook for the markets.
Further, steep decline in durable goods orders in Mar 2019 dampened
market sentiment. Investors remained cautious as they likely looked for
some material developments in U.S. and China trade talks. However, gains
in biotechnology, chemical and gold stocks boosted the indices.
Markets for You
FII Derivative Trade Statistics 02-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 3513.15 3008.25 18194.66
Index Options 111541.41 110146.12 62759.51
Stock Futures 13540.56 13200.17 90083.31
Stock Options 7062.69 7043.82 4499.07
Total 135657.81 133398.36 175536.55
02-Apr Prev_Day
Change
Put Call Ratio (OI) 1.52 1.48 0.04
Indian Debt Market
Put Call Ratio(Vol) 0.92 0.93 -0.01
02-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 6.19% 6.15% 6.20% 7.57%
T-Repo 6.22% 5.98% 6.20% NA
Repo 6.25% 6.25% 6.25% 6.00%
Reverse Repo 6.00% 6.00% 6.00% 5.75%
91 Day T-Bill 6.10% 6.26% 6.38% 6.09%
364 Day T-Bill 6.27% 6.36% 6.51% 6.40%
10 Year Gilt 7.27% 7.34% 7.38% 7.40%
G-Sec Vol. (Rs.Cr) 62265 20232 32544 37511
Currency Market Update
FBIL MIBOR* 6.28% 6.25% 6.30% 9.39%
3 Month CP Rate 7.55% 7.55% 7.80% 7.40%
5 Year Corp Bond 8.28% 8.40% 8.32% 8.04%
1 Month CD Rate 6.91% 7.49% 6.96% 7.23%
3 Month CD Rate 6.76% 7.18% 7.30% 6.98%
1 Year CD Rate 7.26% 7.42% 7.69% 7.33%
Commodity Market Update
Currency 02-Apr Prev_Day
Change
USD/INR 69.12 69.17 -0.05
GBP/INR 90.21 90.48 -0.26
EURO/INR 77.45 77.70 -0.25
International News
JPY/INR 0.62 0.63 0.00
Commodity 02-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 62.48 59.82 55.71 63.04
Brent Crude($/bl) 70.27 68.10 63.15 68.21
Gold( $/oz) 1293 1315 1293 1341
Gold(Rs./10 gm) 31499 31987 32819 30443
Source: Thomson Reuters Eikon *As on March 28, 2019
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
03 April 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Apr 2019 Futures were at 11,779.50, a premium of 63.30 points,
above the spot closing of 11,713.20. The turnover on NSE’s Futures and
Options segment went up to Rs. 7,56,602.32 crore on Apr 2, 2019,
compared with Rs. 6,43,893.84 crore on Apr 1, 2019.
• The Put-Call ratio stood at 0.90 compared with previous close of 0.95.
• The Nifty Put-Call ratio stood at 1.52 compared with previous close of
1.48.
• India VIX decreased 1.09% to 17.8075 compared with 18.0050 at the
previous trading session.
• Open interest on Nifty Futures stood at 17.03 million as against
previous close at 17.01 million.
• Bond yields eased as market participants expect a policy rate cut by the
Monetary Policy Committee in its three-day meeting, which began on Apr
2, 2019.
• Yield on the new 10-year benchmark paper (7.26% GS 2029) fell 8 bps to
close at 7.27% compared with the previous session’s close of 7.35% after
trading in the range of 7.27% to 7.37%.
• Yield on the old 10-year benchmark paper (7.17% GS 2028) fell 7 bps to
7.42% as compared with the previous session’s close of 7.49% after
trading in the range of 7.41% to 7.50%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 5,761 crore (gross) on Apr 2, 2019, compared
with Rs. 6,461 crore (gross) as on Mar 29, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 78,258
crore on Mar 29, 2019.
• The India rupee ended lower against the greenback on account of dollar
sales by banks and foreign fund flows in the bond market. The rupee
settled at 68.75 a dollar, up 0.59% compared with previous close of 69.15.
• The euro declined after investors were drawn to the greenback following
strong economic data in the U.S. In addition, eurozone’s poor factory data
also weighed down on the single currency. The euro was last seen trading
at 1.1198 a dollar, down 0.12% compared with previous close of 1.1212.
• Gold prices were subdued following strong U.S. and Chinese
manufacturing data that alleviated investors’ tension on global economic
slowdown.
• Brent Crude prices rose after U.S. officials revealed of imposing
additional sanction on Iran.
• Data from the U.S. Commerce Department showed that durable goods
orders in U.S. fell 1.6% in Feb 2019 after increasing by a downwardly
revised 0.1% (0.3% increase originally reported for the previous month) in
Jan 2019. Durable goods orders in U.S. fell in Feb 2019 as orders for
transportation equipment plunged by 4.8% in Feb 2019 after increasing
0.4% in Jan 2019.
• Data from the U.S. Commerce Department showed that construction
spending in U.S. grew 1.0% to an annual rate of $1.320 trillion in Feb 2019
after rising upwardly revised 2.5% (1.3% originally reported) to a rate of
$1.307 trillion in Jan 2019.
Markets for You
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