Global Indices
Global Indices 11-Apr Prev_Day Abs. Change
% Change
#
Dow Jones 26,143 26,157 -14 -0.05
Nasdaq 7,947 7,964 -17 -0.21
FTSE 7,418 7,422 -4 -0.05
Nikkei 21,711 21,688 24 0.11
Hang Seng 29,839 30,120 -280 -0.93
Indian Indices 11-Apr Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,607 38,585 22 0.06
Nifty 50 11,597 11,584 12 0.11
Nifty 100 11,760 11,744 16 0.14
Nifty Bank 29,786 29,804 -17 -0.06
SGX Nifty 11,654 11,662 -8 -0.07
S&P BSE Power 2,031 2,023 8 0.40
S&P BSE Small Cap 14,967 14,969 -2 -0.02
S&P BSE HC 14,431 14,445 -14 -0.10
Date P/E Div. Yield P/E Div. Yield
11-Apr 28.17 1.12 28.94 1.14
Month Ago 27.27 1.16 27.38 1.21
Year Ago 23.37 1.15 25.86 1.23
Nifty 50 Top 3 Gainers
Company 11-Apr Prev_Day
% Change
#
Indiabulls HFC 846 824 2.60
Bajaj Finserv 7563 7423 1.88
Bharti Airtel 346 340 1.87
Nifty 50 Top 3 Losers Domestic News
Company 11-Apr Prev_Day
% Change
#
Vedanta 181 189 -3.90
Tata Steel 536 544 -1.60
Power Grid 196 199 -1.36
Advance Decline Ratio
BSE NSE
Advances 1157 811
Declines 1356 976
Unchanged 180 108
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 59231
MF Flows** -413
*11
th
Apr 2019; **10
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)
12 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
146
1283
3.38%
(Oct-18)
• Finance minister has discussed India's economic reforms and outlook for
the future with investors in the U.S. He held roundtables with investors in
New York on India's economic reforms and vision for the future. The
minister is visiting the U.S. to attend the IMF-World Bank meeting in
Washington from Apr 12 to 14.
• According to the International Monetary Fund (IMF) there is a lot of
scope in India for reducing untargeted food and fertilizer subsidies and
enhancing revenue administration. Responding to a question on
announcements made by political parties during this election season,
deputy director, IMF’s fiscal affairs department, said in India's case, the
priority continues to be gradual fiscal consolidation because the gross
general government to Gross Domestic Product (GDP) ratio is at about
70%.
• Federation of Indian Export Organisations (FIEO) said rising
protectionism, fluctuation in commodity prices and inadequate availability
of liquidity are the three major challenges that exporters will face in the
coming months. FIEO said the World Trade Organisation has cautioned
that the global trade growth is expected to be lower in 2019 than it was
last year. The other two challenges include fluctuation in commodity
prices and inadequate availability of credit as banks are not coming
forward to lend exporters.
• India and Sweden have started a joint programme that will work
towards addressing a range of challenges around smart cities and clean
technologies, among others. The programme was co-funded by Indian
Department of Science and Technology (DST) and Swedish agency
Vinnova. Vinnova will provide funding to Swedish participants up to
2,500,000 Swedish Krona (around Rs 1.87 crore) as grant. On the Indian
side, conditional grant of up to 50% (with a limit of Rs 1.5 crore) per
project will be provided to the Indian partners.
Markets for You
• Indian equity markets were flattish as volatility ruled the day. Investors
remained anxious as voting started for the Lok Sabha elections. Markets
looked forward to two major information technology companies coming
out with their results on Apr 12, 2019. Global cues were weak too as the
U.S. Federal Reserve’s Mar 2019 meeting minutes showed the bank’s rate-
hike decision can go either way.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.06% and
0.11%, respectively, to close at 38,607.01 and 11,596.70, respectively. S&P
BSE Mid-Cap gained 0.09% and S&P BSE Small Cap lost 0.02%.
• On the BSE sectoral front, S&P BSE Energy was the major gainer, up
1.11%, followed by S&P BSE Telecom, up 1.06%, and S&P BSE Oil & Gas, up
0.94%. S&P BSE Consumer Durables gained 0.86% and S&P BSE Fast
Moving Consumer Goods gained 0.52%. S&P BSE Metal was the major
loser, down 1.18%, followed by S&P BSE Information Technology and S&P
BSE Teck, down 1.07% and 0.8%, respectively. S&P BSE Realty and S&P BSE
Basic Materials fell 0.45% and 0.34%, respectively. Oil & Gas sector gained
as crude oil prices eased.
• Asian equity markets were mixed as investors became concerned over
messages emanating from U.S. Federal Reserve meeting’s minutes. The
minutes revealed that outlook for rates remained fluid even though the
bank had hinted at no hikes in 2019 in projections provided after the Mar
2019 meeting. Investors also braced themselves for greater Brexit
uncertainty after European Union leaders agreed to extend the date of
Britain's exit from the bloc to end of Oct 2019. Today (as of Apr 12), Asian
markets opened mixed amid progress on the U.S.-China trade front. Nikkei
was trading up 0.44% and Hang Seng was trading down 0.11% (as at 8.a.m.
IST).
• As per the last close, European markets closed almost higher after the
European Union extended the deadline for Brexit. However, worries about
global economic slowdown continued to weigh on the market.
• As per the last close, U.S markets closed lower as investors were
cautious amid uncertainty about the upcoming earnings season. Lingering
uncertainty about the global economic outlook also weighed on the
market.
FII Derivative Trade Statistics 11-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 2263.61 3433.30 18691.31
Index Options 220060.30 219753.08 73319.25
Stock Futures 11035.76 11724.69 89152.08
Stock Options 6222.72 6217.90 7055.56
Total 239582.39 241128.97 188218.20
11-Apr Prev_Day
Change
Put Call Ratio (OI) 1.24 1.33 -0.08
Indian Debt Market
Put Call Ratio(Vol) 0.81 0.85 -0.04
11-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 6.02% 6.13% 6.16% 5.87%
T-Repo 5.99% 5.89% 6.17% NA
Repo 6.00% 6.00% 6.25% 6.00%
Reverse Repo 5.75% 5.75% 6.00% 5.75%
91 Day T-Bill 6.29% 6.20% 6.35% 6.07%
364 Day T-Bill 6.36% 6.25% 6.48% 6.41%
10 Year Gilt 7.37% 7.35% 7.35% 7.54%
G-Sec Vol. (Rs.Cr) 35255 75679 30901 43870
Currency Market Update
FBIL MIBOR* 6.05% 6.30% 6.27% 6.00%
3 Month CP Rate 6.95% 6.80% 7.60% 6.90%
5 Year Corp Bond 8.51% 8.28% 8.36% 8.17%
1 Month CD Rate 6.72% 6.52% 7.12% 6.40%
3 Month CD Rate 6.75% 6.66% 7.26% 6.69%
1 Year CD Rate 7.20% 7.12% 7.70% 7.33%
Commodity Market Update
Currency 11-Apr Prev_Day
Change
USD/INR 68.97 69.15 -0.17
GBP/INR 90.28 90.38 -0.10
EURO/INR 77.79 77.91 -0.12
International News
JPY/INR 0.62 0.62 0.00
Commodity 11-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 63.56 62.07 56.74 66.76
Brent Crude($/bl) 71.94 70.32 64.50 72.90
Gold( $/oz) 1292 1292 1294 1353
Gold(Rs./10 gm) 31770 31557 32110 31023
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
12 April 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields remained unchanged as market participants are awaiting
the release of Mar 2019 retail inflation data, which is due on Apr 12.
• Yield on the 10-year benchmark paper (7.26% GS 2029) remained
unchanged at 7.37% compared with the previous session’s close after
trading in a range of 7.36% to 7.38%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 11,780 crore (gross) on Apr 11, 2019, compared
with Rs. 6,381 crore (gross) as on Apr 10, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 21,229
crore on Apr 10, 2019.
• Banks borrowed Rs. 3,700 crore under the central bank’s Marginal
Standing Facility on Apr 10, 2019 compared with borrowings of Rs. 1,200
crore on Apr 9, 2019.
• The minutes of U.S. Federal Reserve (Fed) Mar 2019 meeting showed
the outlook for rates remains fluid. Projections provided by Fed after the
Mar monetary policy meeting had hinted that the central bank no longer
expects to raise interest rates in 2019.
• Preliminary data from Eurostat showed euro zone house price inflation
slowed in the fourth quarter of 2018 after remaining unchanged in the
previous three months. House prices rose 4.2% YoY following a 4.3%
increase in each of the previous two quarters. In the first quarter, prices
grew 4.5%. House price inflation slowed to 4.6% in Germany and 6.7% in
Spain.
Markets for You
• Nifty Apr 2019 Futures were at 11,668.90, a premium of 72.20 points,
above the spot closing of 11,596.70. The turnover on NSE’s Futures and
Options segment rose to Rs. 19,94,995.47 crore on Apr 11, 2019,
compared with Rs. 11,59,692.41 crore on Apr 10, 2019.
• The Put-Call ratio stood at 0.68 compared with the previous session’s
close of 0.86.
• The Nifty Put-Call ratio stood at 1.24 compared with the previous
session’s close of 1.30.
• India VIX decreased 0.86% to 20.9475 compared with 21.1300 at the
previous trading session.
• Open interest on Nifty Futures stood at 16.95 million as against the
previous session’s close at 17.25 million.
• The India rupee rose against the greenback on account of dollar inflows
in the domestic market. The rupee closed at 68.92 a dollar, up 0.27%
compared with the previous close of 69.11.
• The euro stood nearly the same after the European Central Bank
signalled no interest rate movement. In addition, sluggish growth outlook,
underscored by the ECB President and International Monetary Fund’s
growth forecasts, prevented the common currency from moving up. The
euro was last seen trading at 1.1273 a dollar, unchanged from the previous
close.
• Gold prices fell amid renewed U.S. and China trade optimism. The two
economies made a break through after agreeing to establish enforcement
offices to track trade pledges.
• Brent crude prices edged lower on supply concerns and global economic
slowdown.
