13 Aug 2019
Markets for You
Global Indices
Global Indices 12-Aug Prev_Day Abs. Change
% Change
#
Russell 3000 1,272 1,287 -15 -1.16
Nasdaq 7,863 7,959 -96 -1.20
FTSE 7,227 7,254 -27 -0.37
Nikkei Closed 20,685 91 0.44
Hang Seng 25,825 25,939 -181 -0.69
Indian Indices 09-Aug Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,582 37,327 255 0.68
Nifty 50 11,110 11,032 77 0.70
Nifty 100 11,222 11,144 78 0.70
Nifty 500 9,047 8,980 67 0.75
Nifty Bank 28,432 28,110 321 1.14
S&P BSE Power 1,925 1,929 -4 -0.22
S&P BSE Small Cap 12,700 12,574 125 1.00
S&P BSE HC 12,694 12,702 -9 -0.07
Date P/E Div. Yield P/E Div. Yield
9-Aug 26.28 1.23 27.41 1.33
Month Ago 27.87 1.21 28.41 1.27
Year Ago 24.42 1.16 28.11 1.17
Nifty 50 Top 3 Gainers
Company 09-Aug Prev_Day
% Change
#
Indiabulls HFC 505 444 13.71
Eicher Motors 17587 16812 4.61
Maruti 6100 5902 3.35
Nifty 50 Top 3 Losers Domestic News
Company 09-Aug Prev_Day
% Change
#
Yes Bank 82 89 -7.90
Cipla 485 503 -3.69
Hindalco 176 181 -2.68
Advance Decline Ratio
BSE NSE
Advances 1557 1170
Declines 951 633
Unchanged 148 118
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 55094
MF Flows** 23818
*9
th
Aug 2019; **31
st
Jul 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
3.18%
(Jun-19)
4.92%
(Jun-18)
IIP
2.00%
(Jun-19)
7.00%
(Jun-18)
GDP
5.80%
(Mar-19)
8.10%
(Mar-18)
13 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
2.70%
(Mar-19)
6.60%
(Dec-18)
Quarter Ago
Inflow/Outflow
2898
-1066
2.86%
(Mar-19)
• Indian equity markets gained on the last day of the week as investors
kept their expectations of a budget proposal rollback alive. A news to this
affect had come on Aug 8, 2019, mentioning that the finance minister may
exempt foreign portfolio investors (FPIs) from an increase in taxes. Steps
announced by the Reserve Bank of India (RBI) to ease the liquidity crunch
in non-banking financial companies also supported sentiment.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.68% and
0.70% to close at 37,581.91 and 11,109.65, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap gained 0.77% and 1.00%, respectively.
• The overall market breadth on BSE was strong with 1,557 scrips
advancing and 951 scrips declining. A total of 148 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Auto was the major gainer, up 1.99%,
followed by S&P BSE Finance and S&P BSE Consumer Durables, which
gained 1.41% and 1.39%, respectively. S&P BSE Metal was the major loser,
down 0.83%, followed by and S&P BSE Teck and S&P BSE Telecom, which
lost 0.36% and 0.34%, respectively.
• India’s Index of Industrial Production (IIP) growth rose 2% YoY in Jun
2019 as against a growth of 3.1% in May 2019 and increase of 7% in Jun
2018. The manufacturing sector grew 1.2% in the month compared with
2.5% rise in May. The mining sector grew 1.6% against a rise of 3.2% in
May. Growth in electricity sector rose to 8.2% from 7.4% in May.
• According to a private survey, hiring activity picked up in Jul 2019 across
India with sales and marketing, and IT sector recording good growth. The
banking sector witnessed a sizeable dip. Hiring for professional sales and
business development grew by 11%. Other functional areas which rose in
demand are accounts (11%), HR (10%), marketing (10%) and IT hardware
(7%), showed the survey. Hiring in production and maintenance, and
banking saw a dip of 10% and 21%, respectively.
• The government has started inter-state portability of ration card
between Telangana-Andhra Pradesh as well as Maharashtra-Gujarat. This
signifies beneficiaries can buy their quota of ration from the Public
Distribution System (PDS) or ration shops in either of the state sets.
• The finance minister has said that there will be no penalty imposed on
companies for failing to meet the revised corporate social responsibility
(CSR) norms announced recently. The government could also take steps to
revive the industry.
• Under the PM-Kisan scheme, the government is aiming to cover as many
as 10 crore farmers in 2019. Thus, Rs. 6,000 will be disbursed annually in
three equal instalments, agriculture minister said. Around 5.88 crore small
farmers have received the first tranche of Rs. 2,000 each under the
Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) and 3.40 crore peasants
have got the second instalment as well, he said.
• According to the finance minister, even with some moderation, India
remains the fastest growing large economy. She added that the
government and the Reserve Bank of India (RBI) have an atmosphere of
certainty and cordiality between them and are working together to help
incentivise investments.
Markets for You
• Asian equity markets were mixed as investors continued to be worried
over the trade war between U.S. and China. The U.S. President’s
comments that a deal with China was not on the cards soon hit markets.
Sentiment was also affected by U.S.’ impending decision about licenses for
U.S. companies to restart business with a Chinese tech major. Today (as of
Aug 13), Asian markets traded lower as Honk Kong tries to bring the
violent pro-democracy protests under control. Both Nikkei and Hang Seng
were trading down 1.22% and 0.83%, respectively (as at 8.a.m. IST ).
• U.S. markets ended in the red as bond yields again started to fall, raising
concerns about the economy’s state. Trade war fears and global growth
worries also kept the markets under pressure.
• European markets ended lower on concerns over trade war and a
possible collapse of the Italian government. The U.S. President said the
country was not ready to do business with a Chinese tech major and strike
a trade deal with China yet. Italy’s coalition government declared its union
unfeasible and called for fresh general elections.
FII Derivative Trade Statistics 09-Aug
(Rs Cr) Buy
Sell Open Int.
Index Futures 4783.92 4514.02 20977.00
Index Options 464204.33 460490.35 51877.00
Stock Futures 13523.00 13160.15 90875.44
Stock Options 6062.39 6111.76 4376.95
Total 488573.64 484276.28 168106.39
09-Aug Prev_Day
Change
Put Call Ratio (OI) 1.24 1.25 -0.01
Indian Debt Market
Put Call Ratio(Vol) 0.86 0.85 0.01
09-Aug Wk. Ago Mth. Ago
Year Ago
Call Rate 5.32% 5.60% 5.62% 6.38%
T-Repo 5.37% 5.58% 5.70% NA
Repo 5.40% 5.75% 5.75% 6.50%
Reverse Repo 5.15% 5.50% 5.50% 6.25%
91 Day T-Bill 5.35% 5.53% 5.80% 6.65%
364 Day T-Bill 5.65% 5.80% 6.03% 7.26%
10 Year Gilt 6.49% 6.35% 6.59% 7.75%
G-Sec Vol. (Rs.Cr) 52233 73832 56708 36452
Currency Market Update
FBIL MIBOR 5.40% 5.70% 5.79% 6.47%
3 Month CP Rate 5.85% 6.10% 6.80% 7.50%
5 Year Corp Bond 7.81% 7.79% 7.88% 8.61%
1 Month CD Rate 5.45% 5.64% 5.93% 6.63%
3 Month CD Rate 6.01% 6.09% 6.77% 7.12%
1 Year CD Rate 6.64% 6.79% 6.94% 7.95%
Commodity Market Update
Currency 09-Aug Prev_Day
Change
USD/INR 70.52 70.85 -0.33
GBP/INR 85.61 86.15 -0.54
EURO/INR 78.91 79.39 -0.48
International News
JPY/INR 0.67 0.67 0.00
Commodity 12-Aug Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 54.93 54.58 59.96 67.56
Brent Crude($/bl) 56.27 58.46 67.14 70.19
Gold( $/oz) 1511 1464 1415 1211
Gold(Rs./10 gm)^ 37270 36289 34407 29477
Source: Thomson Reuters Eikon
^As on 09th Aug 2019
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
13 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 11,122.95, a premium of 13.30 points
above the spot closing of 11,109.65. The turnover on NSE’s Futures and
Options segment declined to Rs. 8,68,187.66 crore on Aug 9, 2019,
compared with Rs. 27,72,449.26 crore on Aug 8, 2019.
• The Put-Call ratio stood at 0.88 compared with the previous session’s
close of 0.76.
• The Nifty Put-Call ratio stood at 1.24 compared with the previous
session’s close of 1.25.
• Open interest on Nifty Futures stood at 20.15 million, compared with
the previous session’s close of 20.68 million.
• Bond yields continued to increase amid doubts over future policy rate
cuts, both in terms of quantum and timing. The rising geopolitical worries
over Jammu & Kashmir and depreciating local currency also weighed on
sentiments.
• Yield on the 10-year benchmark paper (7.26% GS 2029) rose 9 bps to
close at 6.49% compared with the previous close of 6.40% after trading in
a range of 6.40% to 6.52%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,779 crore (gross) on Aug 9, 2019 compared
with borrowings of Rs. 5,444 crore (gross) on Aug 8, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 10,101 crore on Aug 8, 2019.
• Banks borrowed Rs. 1,900 crore under the central bank’s Marginal
Standing Facility on Aug 8, 2019 compared with borrowings of Rs. 50
crore on Aug 7, 2019.
• The rupee weakened against the greenback following dollar purchases
by foreign banks. The rupee closed at 70.80 a dollar, down 0.16%
compared with the previous close 70.69.
• The euro rose against the greenback as the latter came under pressure
on concerns that the prolonged trade war between U.S. and China may
adversely impact the growth of the U.S. economy. The euro was last seen
trading at 1.1212, up 0.12% compared with the previous close of 1.1198.
• Gold prices closed higher, supported by the commodity’s safe haven
appeal in the midst of the political unrest in Hong Kong.
• Brent crude prices remained under pressure amid concerns that a
prolonged U.S.-China trade war could weigh on global growth and dent
the already weak demand for oil.
• Office for National Statistics preliminary data showed U.K. merchandise
trade deficit narrowed more than expected in Jun 2019. Trade deficit fell
to GBP 7.01 billion from GBP 10.70 billion in May 2019. The total trade
balance swung to a surplus of GBP 1.78 billion from a GBP 2 billion deficit
in May.
• The National Bureau of Statistics reported China's consumer prices rose
marginally in Jul 2019 but producer prices decreased for the first time in
nearly three years. Consumer price inflation rose to 2.8% in Jul 2019 from
2.7% in Jun 2019. The rate was forecast to remain unchanged.
Markets for You
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