Global Indices
Global Indices 03-Apr Prev_Day Abs. Change
% Change
#
Dow Jones 26,218 26,179 39 0.15
Nasdaq 7,896 7,849 47 0.60
FTSE 7,418 7,391 27 0.37
Nikkei 21,713 21,505 208 0.97
Hang Seng 29,986 29,625 362 1.22
Indian Indices 03-Apr Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,877 39,057 -180 -0.46
Nifty 50 11,644 11,713 -69 -0.59
Nifty 100 11,795 11,861 -67 -0.56
Nifty Bank 30,093 30,354 -261 -0.86
SGX Nifty 11,721 11,811 -90 -0.76
S&P BSE Power 2,033 2,046 -13 -0.63
S&P BSE Small Cap 14,986 15,117 -131 -0.87
S&P BSE HC 14,230 14,379 -149 -1.04
Date P/E Div. Yield P/E Div. Yield
3-Apr 28.58 1.11 29.06 1.13
Month Ago 26.53 1.19 26.49 1.24
Year Ago 23.04 1.16 25.43 1.25
Nifty 50 Top 3 Gainers
Company 03-Apr Prev_Day
% Change
#
Indiabulls HFC 870 839 3.62
Maruti 7073 6890 2.66
Bajaj Finserv 7402 7280 1.68
Nifty 50 Top 3 Losers Domestic News
Company 03-Apr Prev_Day
% Change
#
HPCL 261 274 -4.91
BPCL 363 381 -4.55
Zee Ente. 405 418 -3.15
Advance Decline Ratio
BSE NSE
Advances 974 620
Declines 1631 1219
Unchanged 155 94
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 56964
MF Flows** 2703
*3
rd
Apr 2019; **2
nd
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)
04 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
194
474
3.38%
(Oct-18)
• Indian equity markets ended lower after a private weather forecaster
said monsoons could be “below normal” in the year. Since the country’s
agriculture sector heavily depends on these rains, any shortfall may hit the
economy’s growth. Also, investors looked forward to what decision the
Monetary Policy Committee takes in its meeting that ends on Apr 4, 2019.
Expectations are for the committee to cut rates.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.46% and
0.59%, respectively, to close at 38,877.12 and 11,643.95, respectively. S&P
BSE Mid-Cap and S&P BSE Small Cap lost 0.77% and 0.87%, respectively.
• The overall market breadth on BSE was weak with 974 scrips advancing
and 1,631 scrips declining. A total of 155 scrips remained unchanged.
• On the BSE sectoral front, all the sectors lost. S&P BSE Oil & Gas was the
major loser, down 2.06%, followed by S&P BSE Telecom and S&P BSE
Energy, down 1.58% and 1.41%, respectively. S&P BSE Capital Goods and
S&P BSE Industrials lost 1.38% and 1.13%, respectively.
• The Asian Development Bank has downgraded economic growth
forecasts for India and Southeast Asia for 2019. As per the Asian
Development Outlook report, India’s gross domestic product (GDP) will
likely increase 7.2% in 2019 as against previous expectation of growth of
7.6%. Meanwhile, growth estimate for Southeast Asia was lowered by 0.2
percentage point to 4.9%. As per the report, deteriorating trade conflict
between U.S. and China could hurt investment. Additionally, Brexit
concerns and financial market volatility led to the downgrade.
• According to the media reports, with approval from the Election
Commission, the Union Rural Development Ministry has raised the rate of
wages under the Mahatma Gandhi National Rural Employment Guarantee
Act (MGNREGA) for FY20. Wages under MGNREGA have been raised in the
range of 2%-8.76% in most of the states except West Bengal, Karnataka,
Kerala and Goa.
• According to the media reports, the Reserve Bank of India (RBI) would
revise its bankruptcy circular and make sure that the revised version of the
directive fulfils the norms. On Apr 2, 2019, the Supreme Court had
declared RBI’s circular dated Feb 12, 2018 as illegal that had put 180-day
deadline to refer bad loan accounts over Rs. 2,000 crore to the Insolvency
and Bankruptcy Code (IBC). As per the reports, RBI will not likely challenge
the order of the supreme court.
• The Commerce and Industry Minister expects India's exports to reach
$32.38 billion in Mar 2019, driven by healthy growth in sectors such as
pharmaceuticals. Meanwhile, exports are expected to surpass $331 billion
mark in FY19.
• The European Union (EU) has launched two World Trade Organization
disputes, one against India over import duties on IT products and one
against Turkey over measures affecting pharmaceutical producers. The
European Commission has stated that the total value of EU exports that
were affected was more than 1 billion euros or $1.1 billion per year. For
India, EU is challenging the introduction of import duties between 7.5%-
20% for a many of the IT products.
Markets for You
• Asian equity markets gained as U.S.-China trade talk developments
helped investors deal with concerns around Brexit. Media reports stated
that the U.S. and China have resolved most of their contentious issues and
close to a final trade agreement. Today (as of Apr 04), Asian markets
opened mixed as investors waited for developments amid ongoing
negotiations on the U.S.-China trade front. Nikkei was trading up 0.11%
and Hangseng was trading down 0.12%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed higher following growing
optimism about progress in U.S.-China trade talks. However, some
disappointing economic data for U.S. and Europe capped the gains.
• As per the last close, U.S markets closed higher as investors were
optimistic of nearing a trade deal between the U.S. and China. However,
much weaker than expected rise in private sector employment and more
than expected fall in U.S. non-manufacturing index for Mar 2019 capped
the gains.
FII Derivative Trade Statistics 03-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 2316.33 2391.24 18500.10
Index Options 151755.52 151794.31 64258.08
Stock Futures 13195.74 12549.24 91284.94
Stock Options 7140.00 7137.88 5155.68
Total 174407.59 173872.67 179198.80
03-Apr Prev_Day
Change
Put Call Ratio (OI) 1.42 1.52 -0.09
Indian Debt Market
Put Call Ratio(Vol) 0.90 0.92 -0.03
03-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 6.20% 6.22% 6.20% 5.93%
T-Repo 6.13% 6.02% 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 6.23% 6.31% 6.38% 5.83%
364 Day T-Bill 6.31% 6.39% 6.51% 6.39%
10 Year Gilt 7.27% 7.33% 7.38% 7.33%
G-Sec Vol. (Rs.Cr) 54457 31053 32544 39408
Currency Market Update
FBIL MIBOR* 6.25% 6.25% 6.30% 9.39%
3 Month CP Rate 6.80% 7.55% 7.80% 6.75%
5 Year Corp Bond 8.31% 8.34% 8.32% 8.01%
1 Month CD Rate 6.77% 8.13% 6.96% 6.34%
3 Month CD Rate 6.74% 7.26% 7.30% 6.54%
1 Year CD Rate 7.19% 7.49% 7.69% 7.13%
Commodity Market Update
Currency 03-Apr Prev_Day
Change
USD/INR 68.49 69.12 -0.63
GBP/INR 90.02 90.21 -0.19
EURO/INR 76.88 77.45 -0.57
International News
JPY/INR 0.61 0.62 -0.01
Commodity 03-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 62.41 59.34 55.71 63.40
Brent Crude($/bl) 69.80 67.94 63.15 66.28
Gold( $/oz) 1290 1309 1293 1332
Gold(Rs./10 gm) 31454 32067 32819 30684
Source: Thomson Reuters Eikon *As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
04 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 11,729.65, a premium of 85.70 points,
above the spot closing of 11,643.95. The turnover on NSE’s Futures and
Options segment went up to Rs. 9,80,408.76 crore on Apr 3, 2019,
compared with Rs. 7,56,602.32 crore on Apr 2, 2019.
• The Nifty Put-Call ratio stood at 1.42 compared with the previous
session’s close of 1.52.
• India VIX increased 3.58% to 18.7300 compared with 18.0825 at the
previous trading session.
• Open interest on Nifty Futures stood at 16.80 million as against the
previous session’s close at 17.03 million.
• Bond yields held steady ahead of the outcome of the Monetary Policy
Committee meeting due on Apr 4, 2019. However, the overall market
sentiment remained optimistic of a policy rate cut.
• Yield on the new 10-year benchmark paper (7.26% GS 2029) remained
unchanged at 7.27% compared with the previous session’s close after
trading in a range of 7.25% to 7.29%.
• Yield on the old 10-year benchmark paper (7.17% GS 2028) remained
unchanged at 7.42% as compared with the previous session’s close after
trading in a range of 7.39% to 7.44%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,092 crore (gross) on Apr 3, 2019, compared
with Rs. 5,761 crore (gross) as on Apr 2, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 64,039
crore on Apr 2, 2019.
• The India rupee appreciated amid inflows from initial public offering in
the domestic market. The rupee settled at 68.42 a dollar, up 0.47%
compared with the previous close of 68.75.
• The euro improved on greenback weakness after China reported better-
than-expected service sector activity data for Mar 2019 and positive
development in U.S.-China trade talks. The euro was last seen trading at
1.1244 a dollar, up 0.37% compared with the previous close of 1.1202.
• Gold prices traded flat as market participants awaited further
development on the matter.
• Brent crude prices continued to rise, supported by OPEC-led output cut,
speculations on additional U.S. sanction on Iran and production stoppage
at a key crude terminal in Venezuela.
• According to preliminary report from Eurostat, euro zone retail sales
surpassed market expectations and grew 0.4% MoM in Feb 2019 as
against downwardly revised growth of 0.9% (1.3% growth originally
reported) in Jan 2019. Retail sales grew 2.8% YoY in Feb 2019 as against
an increase of 2.20% in Jan 2019.
• According to a report from the IHS Markit, Spain’s services PMI
surpassed market expectations and grew to 56.8 in Mar 2019 as against
54.5 in Feb 2019. The upside reflects strong domestic demand and
employment growth.
• According to a report from the IHS Markit, Caixin China services PMI
grew to 54.4 in Mar 2019 as against a reading of 51.1 in Feb 2019.
Markets for You
