25 Apr 2019
Global Indices
Global Indices 24-Apr Prev_Day Abs. Change
% Change
Dow Jones 26,597 26,656 -59 -0.22
Nasdaq 8,102 8,121 -19 -0.23
FTSE 7,472 7,523 -51 -0.68
Nikkei 22,200 22,260 -60 -0.27
Hang Seng 29,806 29,963 -157 -0.53
Indian Indices 24-Apr Prev_Day Abs. Change
% Change
S&P BSE Sensex 39,055 38,565 490 1.27
Nifty 50 11,726 11,576 150 1.30
Nifty 100 11,870 11,728 142 1.21
Nifty Bank 29,861 29,480 381 1.29
SGX Nifty 11,730 11,605 126 1.08
S&P BSE Power 2,008 2,007 1 0.04
S&P BSE Small Cap 14,847 14,785 61 0.42
S&P BSE HC 14,481 14,413 68 0.47
Date P/E Div. Yield P/E Div. Yield
24-Apr 27.91 1.18 29.27 1.12
Month Ago 27.68 1.15 28.08 1.18
Year Ago 23.62 1.14 26.35 1.21
Nifty 50 Top 3 Gainers
Company 24-Apr Prev_Day
% Change
HPCL 269 255 5.47
Ultratech Cem 4395 4198 4.68
BPCL 349 336 3.76
Nifty 50 Top 3 Losers Domestic News
Company 24-Apr Prev_Day
% Change
Tata Motors 224 232 -3.48
Hero Moto 2612 2638 -0.99
Coal India 254 256 -0.59
Advance Decline Ratio
Advances 1253 991
Declines 1250 797
Unchanged 151 123
Institutional Flows (Equity)
Description (Cr)
FII Flows* 63276
MF Flows** 291
Apr 2019; **23
Apr 2019
Economic Indicator
YoY(%) Current Year Ago
25 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
India equity markets closed in the green as worries over further hike in
crude oil prices lowered. Market sentiment got a boost following a report
from the International Energy Agency which stated that the supply in the
oil market is adequate and global spare production capacity remained at
comfortable levels. Further, expectations of strong earnings in the quarter
ended Mar 2019 boosted market sentiment.
Gains were extended following a report from the latest South Asian
Climate Outlook Forum, wherein it stated that it expects a normal
monsoon in most parts of India except in the west coast peninsular. Also,
investors settled position ahead of expiry of April futures and options
contracts. Investors remained focused over mixed global cues.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 1.27% and
1.30% to close at 39,054.68 and 11,726.15, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap grew 0.43% and 0.42%, respectively.
The overall market breadth on BSE was strong with 1,253 scrips
advancing and 1,250 scrips declining. A total of 151 scrips remained
The Reserve Bank of India announced buying government securities
worth Rs. 25,000 crore in May 2019 through two auctions of Rs. 12,500
crore each. The first auction will be conducted on May 02, 2019 and the
date of the next auction would be communicated later.
According to a major credit rating agency, the Reserve Bank of India
(RBI) is the first central bank in the Asia-Pacific region to begin an explicit
interest rate easing cycle buoyed by benign food inflation and easier
global financial condition. The agency further mentioned that from Jan-
Apr 2019, the RBI has reduced repo rate twice by 0.25% each to one-year
low of 6%. Since the Monetary Policy Committee (MPC) was formed in late
2016, this was the first consecutive rate cuts.
Securities Exchange Board of India (SEBI) has reduced the minimum
subscription requirement and defined trading lots for Real Estate
Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).
Currently, the minimum subscription from any investor in an initial offer
and follow-on public offer is not less than Rs. 2 lakh for REITs and Rs. 10
lakh in case of InvIT. However, SEBI has now reduced the minimum
subscription from any investor in an initial offer and follow-on public offer
to Rs. 50,000 for REITs and Rs. 1 lakh for InvIT.
Data from the Engineering Export Promotion Council showed that value
of export of copper from India fell 69.40% in FY19 to $1.07 billion from
$3.48 billion in FY18. The decline came due to shut down of copper
smelter of a major mining company.
According to media reports, the ministry of corporate affairs is planning
to collect primary data” from persons who have parked money in chit
funds and deposit-taking schemes. The objective of the move is to put a
check on illegal fundraising activities.
Asian markets witnessed a mixed trend with investors taking cues from
corporate results in U.S. and monitoring the developments of U.S.- China
trade talks. Meanwhile, profit booking neutralised much of the positive
impact. Today (as of Apr 25), Asian markets opened on a mixed note.
Investors awaited Bank of Japan’s monetary policy statement scheduled
later in the day. Nikkei grew 0.13% while Hangseng fell 0.39% (as at 8.a.m.
As per the last close, European markets closed on a lower note on
disappointing earnings reports. Germany’s weak business confidence data
for Apr 2019 dampened market sentiment. Fall in oil, mining and auto
stocks weighed on the indices. However, gains in technology stocks
restricted the losses.
As per the last close, U.S markets closed almost lower as investors
remained cautious amid uncertainty about the near-term outlook for the
markets. A mixed bag of earnings results from some U.S. majors also led to
choppy trading. Further, investors preferred to remain on the sidelines
ahead of some key economic data in the coming days.
Markets for You
FII Derivative Trade Statistics 24-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 9064.72 7270.81 21758.46
Index Options 231934.87 231650.80 76358.48
Stock Futures 35877.45 35684.25 95497.74
Stock Options 6639.55 6485.80 8157.43
Total 283516.59 281091.66 201772.11
24-Apr Prev_Day
Put Call Ratio (OI) 1.65 1.30 0.35
Indian Debt Market
Put Call Ratio(Vol) 0.90 1.00 -0.11
24-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 6.19% 6.04% 6.19% 5.82%
T-Repo 6.01% 5.96% 6.14% NA
Repo 6.00% 6.00% 6.25% 6.00%
Reverse Repo 5.75% 5.75% 6.00% 5.75%
91 Day T-Bill 6.38% 6.33% 6.25% 6.15%
364 Day T-Bill 6.48% 6.40% 6.38% 6.45%
10 Year Gilt 7.43% 7.39% 7.34% 7.68%
G-Sec Vol. (Rs.Cr) 36674 25688 38231 42160
Currency Market Update
FBIL MIBOR* 6.25% 6.09% 6.25% 6.00%
3 Month CP Rate 7.50% 7.00% 7.50% 7.25%
5 Year Corp Bond 8.55% 8.54% 8.40% 8.36%
1 Month CD Rate 7.11% 6.72% 8.00% 6.70%
3 Month CD Rate 7.13% 6.85% 7.36% 6.67%
1 Year CD Rate 7.50% 7.50% 7.73% 7.50%
Commodity Market Update
Currency 24-Apr Prev_Day
USD/INR 69.90 69.75 0.16
GBP/INR 90.35 90.54 -0.20
EURO/INR 78.33 78.43 -0.10
International News
JPY/INR 0.63 0.62 0.00
Commodity 24-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 65.93 63.96 58.82 67.64
Brent Crude($/bl) 73.05 71.38 66.73 76.60
Gold( $/oz) 1275 1276 1313 1330
Gold(Rs./10 gm) 31501 31641 32007 31131
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
25 April 2019
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Apr 2019 Futures were at 11,738.25, a premium of 12.10 points,
above the spot closing of 11,726.15. The turnover on NSE’s Futures and
Options segment increased to Rs. 14,23,405.23 crore on Apr 24, 2019,
compared with Rs. 11,89,019.33 crore on Apr 23, 2019.
The Put-Call ratio stood at 0.83 compared with previous close of 0.91.
The Nifty Put-Call ratio stood at 1.65 compared with previous close of
India VIX declined 4.57% to 23.5175 compared with 24.6450 at previous
trading session.
Open interest on Nifty Futures stood at 21.80 million as against previous
close at 19.50 million.
Bond yields dropped following the central bank’s announcement of
conducting an open market operation in the next month. The RBI
declared its plan of purchasing notes worth Rs. 250 billion.
Yield on the 10-year benchmark paper (7.26% GS 2029) dropped 5 bps
at 7.42% compared with the previous session’s close of 7.47% after
trading in a range of 7.41% to 7.44%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 9,953 crore (gross) on Apr 24, 2019, compared
with Rs. 24,476 crore (gross) as on Apr 23, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 10,122
crore on Apr 23, 2019.
Banks borrowed Rs. 620 crore under the central bank’s Marginal
Standing Facility on Apr 23, 2019 compared with borrowings of Rs. 9,940
crore on Apr 22, 2019.
The India rupee depreciated following greenback purchases by banks
for their corporate clients. In addition, strong U.S. economic data lifted
dollar, while weighing down on the domestic currency.
The euro edged lower as greenback firmed tracking upbeat U.S. housing
data. Besides, feeble German business environment, indicated by lower-
than-expected business climate index, also proved to be a drag on the
single currency.
Gold prices moved down against the greenback as the latter firmed
following upbeat U.S. housing data.
Brent crude prices stood firm with U.S.’s announcement of not
renewing or extending waivers to countries that have been importing
Iranian oil.
According to a report from the Commerce Department, U.S. new home
sales surprisingly grew 4.5% to an annual rate of 692,000 in Mar 2019 as
against an increase of 5.9% to a revised rate of 662,000 (667,000
originally reported) in Feb 2019. This marked the highest annual rate
since Nov 2017.
According to a report from the Office for National Statistics, U.K. public
borrowing for the period Apr 2018-Mar 2019 was GBP 24.7 billion, down
GBP 17.2 billion from the period Apr 2017-Mar 2018. This marked the
lowest borrowing since Apr 2001 to Mar 2002.
Markets for You
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