01Aug2019
MarketsforYou

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GlobalIndices
GlobalIndices 31‐Jul Prev_Day Abs.Change
%Change
#
Russell3000 1,309 1,323 ‐14 ‐1.07
Nasdaq 8,175 8,274 ‐98 ‐1.19
FTSE 7,587 7,647 ‐60 ‐0.78
Nikkei 21,522 21,709 ‐188 ‐0.87
HangSeng 27,778 28,147 ‐369 ‐1.31
IndianIndices 31‐Jul Prev_Day Abs.Change
%Change
#
S&PBSESensex 37,481 37,397 84 0.22
Nifty50 11,118 11,085 33 0.29
Nifty100 11,221 11,180 42 0.37
Nifty500 9,045 9,004 41 0.45
NiftyBank 28,876 28,792 84 0.29
S&PBSEPower 1,966 1,954 12 0.63
S&PBSESmallCap 12,692 12,650 42 0.34
S&PBSEHC 12,704 12,585 120 0.95
Date P/E Div.Yield P/E Div.Yield
31‐Jul 26.63 1.23 27.42 1.33
MonthAgo 28.46 1.19 28.98 1.24
YearAgo 23.61 1.17 28.22 1.18
Nifty50Top3Gainers
Company 31‐Jul Prev_Day
%Change
#
YesBank 91 86 5.98
IndusIndBank 1413 1337 5.65
IndianOil 139 134 4.34
Nifty50Top3Losers DomesticNews
Company 31‐Jul Prev_Day
%Change
#
ZeeEnte. 362 381 ‐5.12
AxisBank 674 708 ‐4.73
BhartiAirtel 338 346 ‐2.36
AdvanceDeclineRatio
BSE NSE
Advances 1120 853
Declines 1385 988
Unchanged 128 111
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 66228
MFFlows** 18953
*31
st
Jul2019;**30
th
Jul2019
EconomicIndicator
YoY(%) Current YearAgo
CPI
3.18%
(Jun‐19)
4.92%
(Jun‐18)
IIP
3.10%
(May‐19)
3.80%
(May‐18)
GDP
5.80%
(Mar‐19)
8.10%
(Mar‐18)
01August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
0.20%
(Feb‐19)
6.60%
(Dec‐18)
QuarterAgo
Inflow/Outflow
‐160
‐675
2.86%
(Mar‐19)
• Indian equity markets gained at the last hour of a volatile session. U.S.
Federal Reserve meeting’s conclusion, after market hours, kept investors
cautious. Also, investors looked forward to the release of key economic
figures later in the day, including core industries and fiscal deficit data.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.22% and
0.29% to close at 37,481.12 and 11,118.00, respectively. S&P BSE Mid‐
Cap and S&P BSE Small Cap gained 0.72% and 0.34%, respectively.
• The overall market breadth on BSE was weak with 1,120 scrips
advancing and 1,385 scrips declining. A total of 128 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Metal was the major gainer, up
2.43%, followed by S&P BSE Basic Materials and S&P BSE Auto, which
gained 1.4% and 1.26%, respectively. S&P BSE Oil & Gas and S&P BSE
Healthcare gained 1.06% and 0.95%, respectively. S&P BSE Telecom was
the major loser, down 1.63%, followed by S&P BSE Consumer Durables
and S&P BSE Realty, down 0.53% and 0.24%, respectively. S&P BSE Energy
lost 0.21%.
• Government data showed that the growth in the index of eight core
industries grew 0.2% in Jun 2019 against a revised growth of 4.3% in May
2019 (5.1% growth originally reported), and 7.8% in the same period of
the previous year. Refinery products growth fell 9.3% followed by crude
oil that went down 6.8%. The electricity sector witnessed the maximum
growth of 7.3% followed by steel and coal, which grew 6.9% and 3.2%,
respectively.
• Government data showed that India’s fiscal deficit for the period from
Apr 2019 to Jun 2019 stood at Rs. 4.32 lakh crore or 61.4% of the budget
estimate compared with 68.7% of the budget estimate in the
corresponding period of the previous year. The revenue deficit in the
same period stood at Rs. 3.74 lakh crore or 79.4% of the budget estimate
compared with 84.7% of the budget estimate in the corresponding period
of the previous year. Total expenditure for the period from Apr 2019 to
Jun 2019 stood at Rs. 7.22 lakh crore or 25.9% of the budget estimate
compared with 29.0% of the budget estimate in the corresponding period
of the previous year.
• As part of the Indo‐Pacific approach of the U.S. administration, the U.S.
is "working hard" with the Indian government to provide the nation with
possibilities to expand its economy, U.S. Secretary of State said. These
remarks have come after a delegation of the U.S. Trade Representatives
travelled to India for talks on bilateral trade issues, including tax and
tariffs.
• India's Comptroller and Auditor General (CAG) discovered that nearly
Rs. 500 crore agricultural income was permitted by income‐tax officials as
exempt without proper verification. For the year ended Mar 2018, the
auditor's study on direct taxes concentrated on exempt income— both
agricultural and charitable trusts gained. CAG has suggested that the I‐T
department review all cases where agricultural income exceeds a certain
limit — say Rs. 10 lakh — to ensure that only genuine taxpayers are
permitted exemption.
• Asian equity markets fell as North Korea performed its second arms test
in less than a week and the U.S. President’s trade threats cast a shadow
over the destiny of Shanghai's recent round of trade talks between China
and U.S. Investors also awaited the conclusion of U.S. Federal Reserve’s
two‐day meeting later in the day and the post‐meeting press conference
of the Fed chairman for hints on the route of policy. Today (as of Aug 1),
Asian markets opened lower as South Korea’s exports fell in Jul 2019,
hinting at slowdown in tech companies. While Nikkei was trading up
0.09%, Hang Seng was down 0.42%, respectively (as at 8.a.m. IST).
• U.S. markets fell after the Federal Reserve chairman hinted that the
bank may not further cut rates in 2019. The chairman’s comments came
after the central bank decided to cut rates by 25 basis points, in line with
expectations, at its policy meet held on Jul 30‐31, 2019.
• European markets were mixed as investors looked forward to the
interest rate decision by the U.S. Federal Reserve and the release of
earnings by major companies.
MarketsforYou
FIIDerivativeTradeStatistics 31‐Jul
(RsCr) Buy Sell OpenInt.
IndexFutures 4249.54 3310.33 14720.26
IndexOptions 293781.82 293235.96 39369.52
StockFutures 14441.45 13242.68 84334.84
StockOptions 6292.28 6286.38 2819.32
Total 318765.09 316075.35 141243.94
31‐Jul Prev_Day Change
PutCallRatio(OI) 1.37 0.88 0.49
IndianDebtMarket
PutCallRatio(Vol) 0.85 0.87 ‐0.02
31‐Jul Wk.Ago Mth.Ago YearAgo
CallRate 5.61% 5.58% 5.94% 6.16%
T‐Repo 5.59% 5.49% 5.85% NA
Repo 5.75% 5.75% 5.75% 6.25%
ReverseRepo 5.50% 5.50% 5.50% 6.00%
91DayT‐Bill 5.65% 5.70% 6.02% 6.69%
364DayT‐Bill 5.93% 5.95% 6.08% 7.24%
10YearGilt 6.37% 6.44% 6.88% 7.77%
G‐SecVol.(Rs.Cr) 59582 37098 45259 26766
CurrencyMarketUpdate
FBILMIBOR* 5.70% 5.75% 5.97% 6.26%
3MonthCPRate 6.30% 6.30% 7.00% 7.50%
5YearCorpBond 7.66% 7.73% 8.10% 8.64%
1MonthCDRate 5.71% 5.86% 6.07% 6.89%
3MonthCDRate 6.21% 6.28% 6.41% 7.30%
1YearCDRate 6.86% 6.93% 7.16% 8.06%
CommodityMarketUpdate
Currency 31‐Jul Prev_Day Change
USD/INR 68.86 68.75 0.11
GBP/INR 83.74 83.54 0.19
EURO/INR 76.84 76.58 0.27
InternationalNews
JPY/INR 0.63 0.63 0.00
Commodity 31‐Jul WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 58.48 55.87 58.17 69.25
BrentCrude($/bl) 62.88 64.02 68.96 74.80
Gold($/oz) 1414 1426 1409 1223
Gold(Rs./10gm) 34805 34897 34006 29660
Source:ThomsonReutersEikon
*Asonprevioustradingday
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
01August2019
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty Aug 2019 Futures stood at 11,132.20, a premium of 14.20 points
above the spot closing of 11,118.00. The turnover on NSE’s Futures and
Options segment rose to Rs. 15,25,426.99 on July 31, 2019, compared
with Rs. 13,60,911.98 crore on July 30, 2019.
• The Put‐Call ratio stood at 0.79 compared with the previous session’s
close of 0.88.
• The Nifty Put‐Call ratio stood at 1.09 compared with the previous
session’s close of 0.97.
• Open interest on Nifty Futures stood at 18.55 million, compared with
the previous session’s close of 18.15 million.
• Bond yields fell on expectations that the U.S. Federal Reserve might cut
interest rates in its upcoming monetary policy review which was
scheduled on Jul 31, 2019. According to media reports, this might be the
first rate cut by the U.S. Federal Reserve in more than a decade.
• Yield on the 10‐year benchmark paper (7.26% GS 2029) fell 2 bps to
close at 6.37% compared with the previous close of 6.39% after trading
in a range of 6.36% to 6.40%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,645 crore (gross) on Jul 31, 2019 compared
with Rs. 4,033 crore (gross) borrowed on Jul 30, 2019. Sale of securities
under Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
20,552 crore on Jul 30, 2019.
• The Indian rupee rose against the greenback on expectations that the
U.S. Fed might cut interest rates in its monetary policy review scheduled
on Jul 31, 2019. The rupee closed at 68.79 a dollar, up 0.10% compared
with the previous close of 68.86.
• The euro weakened against the greenback after the U.S. Fed cut
interest rates by 25 bps as expected. The euro was last seen trading at
1.1074, down 0.71% compared with the previous close of 1.1153.
• Gold prices fell after U.S. Fed cut interest rates by 25 bps. Gold prices
were last seen trading at $1,413.55 per ounce, down 1.19% compared
with the previous close of $1,430.60 per ounce.
• Brent crude prices rose after data showed that U.S. crude stockpiles fell
more than expected and came down for a seventh straight week.
• The U.S. Federal Reserve's Federal Open Market Committee lowered
interest rates by a quarter point to a target range of 2% to 2‐1/4%, which
is down 25 basis points from the previous range of 2‐1/4% to 2‐1/2%.
The implications of global developments for the economic outlook as
well as muted inflation pressures were given as reasons for the rate cut.
• Eurostat preliminary flash estimate euro zone consumer price inflation
slowed in Jul 2019, after rising in the previous month. Headline inflation
eased to 1.1% from 1.3% in Jun 2019, in line with expectations.
MarketsforYou
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