Global Indices
Global Indices 10-Apr Prev_Day Abs. Change
% Change
#
Dow Jones 26,157 26,151 7 0.03
Nasdaq 7,964 7,909 55 0.69
FTSE 7,422 7,426 -4 -0.05
Nikkei 21,688 21,803 -115 -0.53
Hang Seng 30,120 30,157 -38 -0.13
Indian Indices 10-Apr Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,585 38,939 -354 -0.91
Nifty 50 11,584 11,672 -88 -0.75
Nifty 100 11,744 11,826 -82 -0.69
Nifty Bank 29,804 30,114 -310 -1.03
SGX Nifty 11,662 11,741 -79 -0.67
S&P BSE Power 2,023 2,036 -13 -0.64
S&P BSE Small Cap 14,969 14,972 -3 -0.02
S&P BSE HC 14,445 14,372 74 0.51
Date P/E Div. Yield P/E Div. Yield
10-Apr 28.17 1.13 28.91 1.14
Month Ago 27.17 1.17 27.05 1.22
Year Ago 23.41 1.15 25.82 1.23
Nifty 50 Top 3 Gainers
Company 10-Apr Prev_Day
% Change
#
Tata Motors 216 206 4.93
Cipla 546 532 2.72
Wipro 281 274 2.63
Nifty 50 Top 3 Losers Domestic News
Company 10-Apr Prev_Day
% Change
#
Bharti Airtel 340 352 -3.30
Hindalco 212 217 -2.51
TCS 2040 2092 -2.45
Advance Decline Ratio
BSE NSE
Advances 1097 771
Declines 1440 1013
Unchanged 174 125
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 57948
MF Flows** 123
*10
th
Apr 2019; **8
th
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)
11 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)
7.00%
(Sep-18)
Quarter Ago
Inflow/Outflow
-524
1230
3.38%
(Oct-18)
• According to the International Monetary Fund (IMF), some of the
reformatory measures that was introduced in India have showcased the
benefits of digitisation which has subsequently lowered the possibility of
fraud. For instance, IMF cited the introduction of e-procurement in India
which has led to an increase in competition and has subsequently
improved the quality of construction. IMF also mentioned the adoption of
an electronic platform for managing a social assistance programme in
India which bought down the expenditure with no corresponding decline
in the benefits. In addition, IMF also took note of the usage of smart cards
which has helped to identify beneficiaries of specific programs and reduce
leakage as well.
• According to media reports, the government has kept interest rates for
General Provident Fund (GPF) and other related schemes at 8% for the
quarter from Apr to Jun of 2019. Interest rates thus remained unchanged
as that of the previous quarter.
• Capital market regulator Securities and Exchange Board of India (SEBI)
has streamlined the process for issuing certified copies of orders and
circulars to the involved parties and other applicants. According to SEBI,
certified copies of the orders that are passed by the former will be
provided free of cost to the parties who are involved in the proceedings.
However, applicants need to pay fees for additional certified copies of the
order. For those applicants that are not directly related to the proceeding,
a fee of Rs. 50 per order or Rs. 5 per page whichever is higher will be
charged as fees for each certified copy.
• According to the Insurance Regulatory and Development Authority of
India (IRDAI), insurance companies need to inform about claim settlement
status to policyholders at various stages of processing from Jul. IRDAI also
advocated for the adoption of a clear and transparent communication
policy in order to protect the interest of the shareholders.
Markets for You
• Indian equity markets lost as investors became anxious over the release
of quarterly earnings and the elections around the corner. The sentiment
worsened when the International Monetary Fund (IMF) downgraded its
global economic growth outlook by 0.2 percentage points to 3.3%. IMF
pointed to the US-China trade war and Brexit as key risks, while warning
that it could further cut the outlook.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.91% and
0.75%, respectively, to close at 38,585.35 and 11,584.30, respectively. S&P
BSE Mid-Cap and S&P BSE Small Cap lost 0.33% and 0.02%, respectively.
• The overall market breadth on BSE was weak with 1097 scrips advancing
and 1440 scrips declining. A total of 174 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Realty was the major gainer, up
0.96%, followed by S&P BSE Healthcare, up 0.51%, and S&P BSE
Industrials, up 0.3%. S&P BSE Auto and S&P BSE Consumer Durables
gained 0.21% and 0.07%, respectively. S&P BSE Telecom was the major
loser, down 2.09%, followed by S&P BSE Finance and S&P BSE Teck that
lost 1.06% and 1.05%, respectively.
• Asian equity markets were mostly lower as U.S.-China trade worries,
Brexit uncertainties and global growth concerns played on investors’
minds. Media reports expressed scepticism over the possibility of U.S. and
China reaching a permanent solution to end their trade dispute. Today (as
of Apr 10), Asian markets opened almost flat after European Union leaders
and the U.K. agreed to a “flexible extension” of the Brexit deadline till Oct.
31. Nikkei was trading lower 0.03% and Hang Seng was trading up 0.06%
(as at 8.a.m. IST).
• As per the last close, European markets closed almost higher after the
European Central Bank left interest rates unchanged. However, gains were
capped as investors were cautious amid global growth concerns and
ahead of Brexit summit.
• As per the last close, U.S markets closed higher after the minutes of the
U.S. Federal Reserve's latest monetary policy meeting reaffirmed keeping
rates unchanged this year.
FII Derivative Trade Statistics 10-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 2502.42 2714.04 19178.40
Index Options 169965.85 169579.99 70118.52
Stock Futures 11091.11 11319.09 89865.34
Stock Options 5794.49 5774.43 6870.88
Total 189353.87 189387.55 186033.14
10-Apr Prev_Day
Change
Put Call Ratio (OI) 1.33 1.47 -0.15
Indian Debt Market
Put Call Ratio(Vol) 0.85 0.88 -0.04
10-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 5.99% 6.20% 6.15% 5.89%
T-Repo 5.94% 6.13% 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 6.27% 6.23% 6.42% 6.05%
364 Day T-Bill 6.39% 6.31% 6.45% 6.48%
10 Year Gilt 7.37% 7.27% 7.37% 7.38%
G-Sec Vol. (Rs.Cr) 34345 54457 30649 52728
Currency Market Update
FBIL MIBOR* 6.05% 6.25% 6.27% 6.00%
3 Month CP Rate 6.95% 6.80% 7.70% 6.85%
5 Year Corp Bond 8.46% 8.30% 8.36% 8.10%
1 Month CD Rate 6.73% 6.77% 7.31% 6.35%
3 Month CD Rate 6.82% 6.74% 7.26% 6.34%
1 Year CD Rate 7.25% 7.19% 7.69% 7.29%
Commodity Market Update
Currency 10-Apr Prev_Day
Change
USD/INR 69.15 69.54 -0.39
GBP/INR 90.38 90.95 -0.57
EURO/INR 77.91 78.31 -0.40
International News
JPY/INR 0.62 0.62 0.00
Commodity 10-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 64.57 62.41 55.72 65.43
Brent Crude($/bl) 72.27 69.80 63.07 70.09
Gold( $/oz) 1308 1290 1298 1339
Gold(Rs./10 gm) 31907 31454 32123 30624
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
11 April 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields fell following strength of the rupee against the greenback.
However, increase in global crude oil prices capped the gains.
• Yield on the 10-year benchmark paper (7.26% GS 2029) inched down 1
bps at 7.37% compared with the previous session’s close of 7.38% after
trading in a range of 7.35% to 7.38%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 6,381 crore (gross) on Apr 10, 2019, compared
with Rs. 6,616 crore (gross) as on Apr 9, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 34,902
crore on Apr 9, 2019.
• Banks borrowed Rs. 1,200 crore under the central bank’s Marginal
Standing Facility on Apr 9, 2019 compared with borrowings of Rs. 3,320
crore on Apr 8, 2019.
• The International Monetary Fund lowered the growth forecast for the
global economy to 3.3% from its earlier projection of 3.5%. However, the
growth projection for 2020 was kept unchanged at 3.6%. IMF further
projected that the growth in the emerging market and developing
economies is expected to go up to 4.8% in 2020 from 4.4% in 2019.
• The European Central Bank kept interest rates on hold in its monetary
policy review. Thus, the main refinance rate stood at a record low of 0%.
Deposit rate stood at -0.40% while the marginal standing facility stood at
0.25%.
Markets for You
• Nifty Apr 2019 Futures were at 11,652.90, a premium of 68.60 points,
above the spot closing of 11,584.30. The turnover on NSE’s Futures and
Options segment rose to Rs. 11,59,692.41 crore on Apr 10, 2019,
compared with Rs. 9,74,652.40 crore on Apr 9, 2019.
• The Put-Call ratio stood at 0.86 compared with the previous session’s
close of 0.85.
• The Nifty Put-Call ratio stood at 1.30 compared with the previous
session’s close of 1.47.
• India VIX increased 4.03% to 21.0975 compared with 20.2800 at the
previous trading session.
• Open interest on Nifty Futures stood at 17.25 million as against the
previous session’s close at 17.32 million.
• The India rupee rose against the U.S. dollar following selling of the
greenback by banks. However, increase in global crude oil prices and
losses in the domestic equity market capped the gains. The rupee closed at
at 69.11 a dollar, up 0.26% compared with the previous close of 69.29.
• The euro fell against the greenback as market participants remained
wary of escalating trade tensions between U.S. and Europe. The euro was
last seen trading at 1.1243 a dollar, down 0.16% compared with the
previous close of 1.1261.
• Gold prices surged on economic growth fears after IMF downgraded
economic outlook for 2019.
• Brent crude prices moved up amid supply cuts by OPEC and U.S.
sanctions on Iran and Venezuela.
