Global Indices
Global Indices 25-Apr Prev_Day Abs. Change
% Change
#
Dow Jones 26,462 26,597 -135 -0.51
Nasdaq 8,119 8,102 17 0.21
FTSE 7,434 7,472 -38 -0.50
Nikkei 22,308 22,200 108 0.48
Hang Seng 29,550 29,806 -256 -0.86
Indian Indices 25-Apr Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,731 39,055 -324 -0.83
Nifty 50 11,642 11,726 -84 -0.72
Nifty 100 11,787 11,870 -82 -0.69
Nifty Bank 29,561 29,861 -299 -1.00
SGX Nifty 11,643 11,730 -88 -0.75
S&P BSE Power 1,999 2,008 -8 -0.42
S&P BSE Small Cap 14,839 14,847 -8 -0.05
S&P BSE HC 14,441 14,481 -39 -0.27
Date P/E Div. Yield P/E Div. Yield
25-Apr 27.58 1.20 29.06 1.13
Month Ago 27.44 1.15 27.83 1.19
Year Ago 23.40 1.15 26.24 1.21
Nifty 50 Top 3 Gainers
Company 25-Apr Prev_Day
% Change
#
Ultratech Cem 4619 4395 5.11
Grasim Indus 925 881 5.03
BPCL 358 349 2.65
Nifty 50 Top 3 Losers Domestic News
Company 25-Apr Prev_Day
% Change
#
Bharti Infratel 271 302 -10.22
Tata Steel 511 525 -2.76
Vedanta Limited 170 175 -2.49
Advance Decline Ratio
BSE NSE
Advances 1104 758
Declines 1399 1036
Unchanged 155 119
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 64116
MF Flows** 47
*25
th
Apr 2019; **24
th
Apr 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.86%
(Mar-19)
4.28%
(Mar-18)
IIP
0.10%
(Feb-19)
6.90%
(Feb-18)
GDP
6.60%
(Dec-18)
7.70%
(Dec-17)
26 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
-552
840
2.11%
(Dec-18)
• Indian equity markets lost on account of weakness in global markets and
volatility around the expiry of Apr 2019 derivative contracts. Rising oil
prices and a weak rupee burdened investor sentiment. The rupee dropped
to more than seven-week low as rise in oil prices led to fears over inflation
and fiscal deficit.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.83% and
0.72%, respectively, to close at 38,730.86 and 11,641.80, respectively. S&P
BSE Mid-Cap and S&P BSE Small Cap lost 0.58% and 0.05%, respectively.
• The overall market breadth on BSE was weak with 1082 scrips advancing
and 1431 scrips declining. A total of 145 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Basic Materials was the major gainer,
up 0.34%, followed by S&P BSE Oil & Gas, up 0.11%, and S&P BSE Realty,
up 0.1%. All the other sectors lost. S&P BSE Telecom was the major loser,
down 2.26%, followed by S&P BSE Metal and S&P BSE Bankex, down
1.91% and 1.02%, respectively.
• As per media reports, India’s crude oil production fell 4.15% to 34.2
million tonne (MT) in FY19 as against 35.68 MT in FY18. However, natural
gas production marginally rose of 0.69%. Cumulative natural gas
production in FY19 stood at 32873.37 million metric standard cubic meter
(MMSCM) as against 32649.31 MMSCM in FY18.
• The Reserve Bank of India (RBI) has sold its entire stake in the National
Housing Bank (NHB) and the National Bank for Agriculture & Rural
Development (Nabard) to government for Rs. 1,450 crore and Rs. 20 crore,
respectively. Thus, NHB and Nabard has now become a fully government-
owned entity.
• According to a report by the Reserve Bank of India, customer complaints
against banks rose 25% to 1.63 lakh in FY18. Majority of the complaints
were related to unfair practices. Disposal rate stood at 96.5% compared to
92% in the previous year.
• According to the Attitudes Survey of ultra high net worth individuals
(UHNWI), around 28% of India’s ultra high net worth individuals are
optimistic towards wealth creation in 2019. Despite being an election
year, they believe that economic and political factors will be favourable
for wealth creation.
• Asian equity markets ended mixed because of a mixed bag of U.S.
earnings. China delaying policy-easing measures and caution ahead of the
release of U.S. first-quarter gross domestic product data kept investors
anxious. Today (as of Apr 26), Asian markets opened almost on a lower
note following weakness in Dow Jones in the last session. Nikkei fell 0.60%
while Hangseng marginally rose 0.08% (as at 8.a.m. IST).
• As per the last close, European markets closed on a lower note after
merger talks between Germany’s top two lenders reportedly ended in
failure. Further, investors remained cautious due to weak quarterly
earnings results from a few European majors.
• As per the last close, U.S markets closed on mixed note following a
volatile session. Steep decline in one of the major U.S. diversified
manufacturer due to weak quarterly results for first quarter 2019 weighed
on the indices. Also, the U.S. major lowered its outlook for 2019. However,
gains in couple of major information technology stocks restricted the
losses.
Markets for You
FII Derivative Trade Statistics 25-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 9720.12 9278.78 23798.76
Index Options 246907.13 247031.88 78183.55
Stock Futures 36160.72 35778.60 99316.90
Stock Options 6530.43 6469.87 7951.54
Total 299318.40 298559.13 209250.75
25-Apr Prev_Day
Change
Put Call Ratio (OI) 1.36 1.65 -0.29
Indian Debt Market
Put Call Ratio(Vol) 0.99 0.90 0.09
25-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 6.14% 6.08% 6.19% 5.88%
T-Repo 6.03% 5.98% 6.18% NA
Repo 6.00% 6.00% 6.25% 6.00%
Reverse Repo 5.75% 5.75% 6.00% 5.75%
91 Day T-Bill 6.39% 6.32% 6.20% 6.20%
364 Day T-Bill 6.51% 6.44% 6.39% 6.63%
10 Year Gilt 7.45% 7.42% 7.32% 7.74%
G-Sec Vol. (Rs.Cr) 31940 25688 29894 26253
Currency Market Update
FBIL MIBOR* 6.26% 6.09% 6.25% 6.02%
3 Month CP Rate 7.50% 7.00% 7.50% 7.25%
5 Year Corp Bond 8.56% 8.54% 8.41% 8.41%
1 Month CD Rate 7.02% 6.93% 8.10% 6.64%
3 Month CD Rate 7.19% 7.13% 7.19% 6.71%
1 Year CD Rate 7.50% 7.49% 7.68% 7.61%
Commodity Market Update
Currency 25-Apr Prev_Day
Change
USD/INR 69.94 69.90 0.04
GBP/INR 90.26 90.35 -0.09
EURO/INR 78.05 78.33 -0.28
International News
JPY/INR 0.62 0.63 0.00
Commodity 25-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 65.18 63.97 58.66 67.99
Brent Crude($/bl) 74.63 70.45 67.86 74.53
Gold( $/oz) 1277 1275 1322 1323
Gold(Rs./10 gm) 31794 31394 32054 31304
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
26 April 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Apr 2019 Futures settled at spot closing of 11,641.80. Nifty May
2019 Futures were at 11,730.85, a premium of 89.05 points, above the
spot closing. The turnover on NSE’s Futures and Options segment
increased to Rs. 25,68,108.08 crore on Apr 25, 2019, compared with Rs.
14,23,405.23 crore on Apr 24, 2019.
• The Put-Call ratio stood at 0.82 compared with the previous session’s
close of 0.83.
• The Nifty Put-Call ratio stood at 1.36 compared with the previous
session’s close of 1.65.
• India VIX declined 2.83% to 23.0400 compared with 23.7125 at the
previous trading session.
• Bond yields moved up with the steep surge in crude oil prices and
depreciation in the local currency. These factors raised inflationary
concerns and dampened the bond market sentiment.
• Yield on the 10-year benchmark paper (7.26% GS 2029) rose 2 bps at
7.45% compared with the previous session’s close of 7.43% after trading
in a range of 7.43% to 7.48%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 23,960 crore (gross) on Apr 25, 2019, compared
with Rs. 9,953 crore (gross) as on Apr 24, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 16,526
crore on Apr 24, 2019.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on Apr 24, 2019 compared with borrowings of Rs. 620 crore on
Apr 23, 2019.
• The India rupee moved down after crude oil prices saw a steep surge as
U.S. tightens Iran sanctions. Rise in crude prices also made importers step
up greenback purchases, which further dragged the domestic currency.
• The euro depreciated as it continued to reel under the pressure of
Germany’s business climate index that fell for Apr 2019 and raised growth
fears. Besides, political instability in Spain due to electoral uncertainty
also weighed down on the single currency.
• Gold prices moved up following feeble economic data from South Korea
and Germany.
• Brent crude prices gained in anticipation of a tighter market condition
following U.S.’s decision of terminating all exemptions and asking
countries to halt importing Iranian oil from May 2019.
• Bank of Japan kept its monetary policy unchanged and maintained
interest rate at -0.1% on current accounts that financial institutions
maintain at the bank. It stated that the interest rates will remain very low
for an extended period, thereby indicating uncertainties concerning
economy and prices, and the impact of the scheduled consumption tax
hike. The bank stated that it will purchase government bonds so that the
yield of 10-year JGBs will remain at around 0%. Despite being impacted
by the slowdown in overseas economies for the time being, the central
bank expects Japanese economy to continue its moderate expansion. It
downwardly revised its real GDP growth outlook to 0.8% and 0.9% from
0.9% and 1% for FY20 and FY21, respectively.
Markets for You
