09 Apr 2019
Global Indices
Global Indices 08-Apr Prev_Day Abs. Change
% Change
Dow Jones 26,341 26,425 -84 -0.32
Nasdaq 7,954 7,939 15 0.19
FTSE 7,452 7,447 5 0.07
Nikkei 21,762 21,808 -46 -0.21
Hang Seng 30,077 Closed NA NA
Indian Indices 08-Apr Prev_Day Abs. Change
% Change
S&P BSE Sensex 38,701 38,862 -162 -0.42
Nifty 50 11,605 11,666 -61 -0.53
Nifty 100 11,760 11,820 -60 -0.51
Nifty Bank 29,845 30,085 -239 -0.80
SGX Nifty 11,688 11,780 -92 -0.78
S&P BSE Power 2,030 2,022 8 0.40
S&P BSE Small Cap 14,987 15,046 -59 -0.39
S&P BSE HC 14,273 14,331 -58 -0.40
Date P/E Div. Yield P/E Div. Yield
8-Apr 27.96 1.14 28.96 1.14
Month Ago 27.17 1.17 27.05 1.22
Year Ago 23.24 1.15 25.65 1.24
Nifty 50 Top 3 Gainers
Company 08-Apr Prev_Day
% Change
M&M 667 658 1.34
Tech Mahindra 787 777 1.27
TCS 2071 2048 1.10
Nifty 50 Top 3 Losers Domestic News
Company 08-Apr Prev_Day
% Change
Indiabulls HFC 859 903 -4.84
HPCL 253 264 -4.19
Indian Oil 152 158 -4.04
Advance Decline Ratio
Advances 1038 700
Declines 1542 1110
Unchanged 182 111
Institutional Flows (Equity)
Description (Cr)
FII Flows* 56597
MF Flows** 696
Apr 2019; **5
Apr 2019
Economic Indicator
YoY(%) Current Year Ago
09 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
Quarter Ago
Data from the Society of Indian Automobile Manufacturers (SIAM)
showed that sales of passenger vehicles slowed to its lowest rate in the
last five years. The slowdown in sales growth can be attributed to
tightening of liquidity in the market, high vehicle prices and uncertainty
ahead of the upcoming general elections. Sales of passenger vehicles grew
2.7% to 3,377,436 units in FY19. However, in Mar 2019, sales of passenger
vehicles fell 2.96% to 29,1806 units. Sales of commercial vehicles in FY19
grew 17.55% to 1,007,319 units.
According to the World Bank, the gross domestic product (GDP) of the
Indian economy is expected to go up to 7.5% in FY20. World Bank
estimated the real GDP growth for FY19 at 7.2%. The improvement in
growth is expected to come on the back of strong investment,
improvement in exports and upbeat consumption. World Bank noted that
domestic inflationary pressures remained subdued over the year due to
decline in food prices and appreciation of the rupee against the
greenback. World Bank expects both the current account deficit and the
fiscal deficit to narrow on the back of improvement in India’s exports and
lower global crude oil prices.
According to media reports, the Directorate General of Trade Remedies
has started an investigation on an application filed by a domestic company
that alleged dumping of aluminium and zinc coated flat products from
China, Vietnam and Korea. The move comes amid concerns that dumping
may adversely impact the growth prospects of the domestic players.
According to media reports, the government has deferred the deadline
for bidding oil and gas exploration blocks under the Open Acreage
Licensing Policy (OALP) by over a month to May 15. However, no specific
reasons were given for extending the deadline.
The tax department has given service providers with turnover of up to Rs
50 lakh time till April 30 to opt for the composition scheme and pay 6%
GST. The option to pay Goods and Services Tax (GST) at reduced rate of 6%
would be effective from the beginning of the financial year or from the
date of obtaining new registration during the financial year. Service
providers opting for the composition scheme can charge a lower tax rate
of 6% from customers, as against the higher rates of 12% and 18%for most
services under GST.
Markets for You
Asian equity markets were mixed although there were some positive
triggers. U.S. jobs growth came in stronger than expected and U.S.-China
trade talks showed signs of progress. Chinese media reported that there
was “new progress” in trade talks. Today (as of Apr 09), Asian markets
opened lower following decline in U.S. Wall Street. Both Nikkei and Hang
Seng were trading down 0.18% and 0.04%, respectively, (as at 8.a.m. IST).
As per the last close, European markets closed almost lower as investors
were cautious ahead of some major earnings reports due this week. Weak
Germany’s exports and imports data in Feb 2019 also weighed on the
As per the last close, U.S markets closed mixed as investors resorted to
profit making before the start of the corporate earnings season. However,
increase in crude oil prices boosted oil service stocks.
Indian equity markets ended modestly down, even though the indices
had gained in the beginning of the day. Investors became cautious as they
looked forward to the start of the corporate earnings season and the
general elections.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.42% and
0.53%, respectively, to close at 38,700.53 and 11,604.50, respectively. S&P
BSE Mid-Cap and S&P BSE Small Cap lost 0.72% and 0.39%, respectively.
The overall market breadth on BSE was weak with 1038 scrips advancing
and 1542 scrips declining. A total of 182 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Information Technology was the
major gainer, up 0.97%, followed by S&P BSE Teck, up 0.77%, and S&P BSE
Power, up 0.4%. S&P BSE Utilities and S&P BSE Capital Goods gained
0.02% each. S&P BSE Realty was the major loser, down 2.33%, followed by
S&P BSE Energy and S&P BSE Oil and Gas, down 1.69% and 1.48%,
respectively. S&P BSE Metal and S&P BSE Finance fell 0.89% and 0.75%,
FII Derivative Trade Statistics 08-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 2321.19 1689.04 18451.96
Index Options 120385.86 120570.91 65117.17
Stock Futures 9599.81 10111.18 90774.14
Stock Options 4886.72 4886.92 6243.57
Total 137193.58 137258.05 180586.84
08-Apr Prev_Day
Put Call Ratio (OI) 1.38 1.61 -0.23
Indian Debt Market
Put Call Ratio(Vol) 0.87 0.95 -0.07
08-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 5.98% 8.49% 6.15% 5.89%
T-Repo 5.87% 6.65% 6.20% NA
Repo 6.00% 6.25% 6.25% 6.00%
Reverse Repo 5.75% 6.00% 6.00% 5.75%
91 Day T-Bill 6.18% 6.05% 6.42% 6.08%
364 Day T-Bill 6.30% 6.28% 6.45% 6.45%
10 Year Gilt 7.40% 7.35% 7.37% 7.17%
G-Sec Vol. (Rs.Cr) 32708 26833 30649 55428
Currency Market Update
FBIL MIBOR* 6.04% 8.80% 6.27% 6.00%
3 Month CP Rate 6.90% 7.55% 7.70% 6.85%
5 Year Corp Bond 8.41% 8.36% 8.36% 7.89%
1 Month CD Rate 6.54% 7.81% 7.31% 6.11%
3 Month CD Rate 6.58% 7.21% 7.26% 6.66%
1 Year CD Rate 7.05% 7.34% 7.69% 7.12%
Commodity Market Update
Currency 08-Apr Prev_Day
USD/INR 69.51 69.20 0.32
GBP/INR 90.78 90.64 0.15
EURO/INR 78.04 77.73 0.31
International News
JPY/INR 0.62 0.62 0.00
Commodity 08-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 64.32 61.54 55.72 62.02
Brent Crude($/bl) 71.76 69.67 63.07 65.70
Gold( $/oz) 1297 1287 1298 1333
Gold(Rs./10 gm) 31930 31643 32123 30396
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
09 April 2019
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields rose ahead of the state debt auction schedule for Apr 9,
2019. Besides, surge in crude oil price and decline in the local currency
also weighed on the bond market sentiment.
Yield on the new 10-year benchmark paper (7.26% GS 2029) rose 6 bps
at 7.41% compared with the previous session’s close of 7.35% after
trading in a range of 7.37% to 7.41%.
Yield on the old 10-year benchmark paper (7.17% GS 2028) rose 6 bps at
7.56% as compared with the previous session’s close of 7.51% after
trading in a range of 7.53% to 7.57%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 7,497 crore (gross) on Apr 8, 2019, compared
with Rs. 4,471 crore (gross) as on Apr 5, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 16,280
crore on Apr 5, 2019.
According to report by the U.S. Federal Reserve, country’s consumer
credit increased by $15.2 billion in Feb 2019 as against revised increase of
$17.7 billion in Jan 2019. The report said that revolving credit and non-
revolving credit rose $3 billion and $12.2 billion in Feb 2019, respectively.
According to data from the Federal Statistical Office, Germany’s exports
and imports fell by 1.3% and 1.6% MoM, respectively. The more than
expected decline came amid subdued demand due to global
uncertainties. However, exports and imports grew 3.9% and 5.1% on a
yearly basis.
Markets for You
Nifty Apr 2019 Futures were at 11,674.90, a premium of 70.40 points,
above the spot closing of 11,604.50. The turnover on NSE’s Futures and
Options segment rose to Rs. 7,96,823.86 crore on Apr 8, 2019, compared
with Rs. 6,23,820.25 crore on Apr 5, 2019.
The Put-Call ratio stood unchanged at 0.96 compared with the previous
session’s close.
The Nifty Put-Call ratio stood at 1.38 compared with the previous
session’s close of 1.61.
India VIX increased 9.32% to 20.1075 compared with 18.3925 at the
previous trading session.
Open interest on Nifty Futures stood at 17.06 million as against the
previous session’s close at 17.21 million.
The India rupee depreciated against the greenback following surge in
crude oil prices with rising tension in Libya and OPEC-led supply cuts. In
addition, better than expected U.S. jobs data for Mar 2019 weighed down
on the domestic currency.
The euro appreciated on greenback as the latter remained under
pressure after wage growth in U.S. slowed in Mar even though non-farm
employment for the same month came better than market expectations.
Gold prices rose on greenback weakness and decline in bond yields
ahead of the release of the U.S. Federal Reserve’s March meeting’s
Brent crude prices strengthened amid rising political unrest in Libya,
which is expected to tighten the oil market.
Thank you for
your time.