20Aug2019
MarketsforYou

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GlobalIndices
GlobalIndices 19‐Aug Prev_Day Abs.Change
%Change
#
Russell3000 1,293 1,277 16 1.22
Nasdaq 8,003 7,896 107 1.35
FTSE 7,190 7,117 73 1.02
Nikkei 20,563 20,419 144 0.71
HangSeng 26,292 25,734 558 2.17
IndianIndices 19‐Aug Prev_Day Abs.Change
%Change
#
S&PBSESensex 37,402 37,350 52 0.14
Nifty50 11,054 11,048 6 0.06
Nifty100 11,159 11,155 4 0.04
Nifty500 8,998 8,989 9 0.10
NiftyBank 28,186 28,217 ‐31 ‐0.11
S&PBSEPower 1,911 1,906 5 0.26
S&PBSESmallCap 12,649 12,585 65 0.51
S&PBSEHC 12,546 12,476 69 0.56
Date P/E Div.Yield P/E Div.Yield
19‐Aug 26.16 1.24 27.35 1.34
MonthAgo 27.73 1.22 27.92 1.31
YearAgo 24.69 1.16 28.11 1.17
Nifty50Top3Gainers
Company 19‐Aug Prev_Day
%Change
#
SUNPHARMA 426 415 2.72
INFRATEL 255 249 2.45
TECHM 670 659 1.72
Nifty50Top3Losers DomesticNews
Company 19‐Aug Prev_Day
%Change
#
YESBANK 77 79 ‐3.52
TATASTEEL 38 40 ‐3.27
GRASIM 732 752 ‐2.65
AdvanceDeclineRatio
BSE NSE
Advances 1248 955
Declines 1225 889
Unchanged 171 119
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 57130
MFFlows** 34232
*19
th
Aug2019;**16
th
Aug2019
EconomicIndicator
YoY(%) Current YearAgo
CPI
3.15%
(Jul‐19)
4.17%
(Jul‐18)
IIP
2.00%
(Jun‐19)
7.00%
(Jun‐18)
GDP
5.80%
(Mar‐19)
8.10%
(Mar‐18)
20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
1111
1318
2.99%
(Apr‐19)
• Indian equity market ended flat as it could not sustain early gains.
Sentiment was lifted by investors looking forward to a probable revival
package by the government. However, rise in oil prices and concerns over
foreign funds outflows made investors book profits at higher levels.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.14% and
0.06% to close at 37,402.49 and 11,053.90, respectively. S&P BSE Mid‐
Cap and S&P BSE Small Cap gained 0.20% and lost 0.51%.
• The overall market breadth on BSE was strong with 1248 scrips
advancing and 1225 scrips declining. A total of 171 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Consumer Durables was the major
gainer, up 1.57%, followed by S&P BSE Capital Goods and S&P BSE
Industrials, which gained 1.18% and 0.68%, respectively. S&P BSE
Healthcare and S&P BSE Energy gained 0.56% and 0.5%, respectively. S&P
BSE Oil & Gas was the major loser, down 0.59%, followed by S&P BSE
Auto and S&P BSE Metal, down 0.57% and 0.34%, respectively.
• The government has said India's shadow lenders and listed companies
who issue debentures will no longer have to maintain a certain level of
redemption reserves against them. This will make it cheaper for these
companies to raise funds and deepen the bond market, the government
said, showed media reports. Shadow lenders have been facing a liquidity
crisis in the past year, forcing them to pull back on lending that has hurt
the availability of consumer loans.
• The finance minister said corporate tax rate for companies with over Rs.
400 crore turnover will be gradually cut to 25%. She said the government
will support wealth creators.
• The Reserve Bank of India (RBI) governor said linking of new loans to an
external benchmark like the central bank's repo rate will be formalised.
This is being done as an economic impetus is needed not just from
monetary policy assistance but also through transmission of rates, he
said.
• Mahindra & Mahindra (M&M) Ltd has deferred a portion of its new
investments and cut some temporary jobs since Apr 2019. The company
hasdonethistocopewiththesharpslowdownindemandinthe
domestic market. “About 15%‐20% of capex from our original capex plan
could be deferred," M&M’s managing director Pawan Goenka said, media
reports showed. He added the decision won’t affect the new product
development plans of M&M or “any other capex meant for bringing the
right products to the customers."
• Tesla and China’s Contemporary Amperex Technology Co. Ltd (CATL)
have shown an initial interest in the Indian government’s plan to build
large factories to make lithium‐ion batteries. The plan will involve an
investment of around Rs. 50,000 crore. Other firms that have shown
interest in the mega project are China’s BYD Co. Ltd, said media reports.
• According to media reports, Larsen and Toubro Ltd chairman A.M. Naik
said the government’s Make in India initiative has failed to create enough
jobs as companies across sectors still prefer to import goods instead of
manufacturing locally.
• Asian equity markets gained as investors welcomed new fiscal measures
taken by major economies like China and Germany to protect from a
possible recession. Sentiment was supported by a rebound in U.S.
Treasury yields and media reports saying Washington and Beijing are
working actively to revive negotiations to end the trade war. Today (as of
Aug 20), Asian markets opened higher as minutes from the Reserve Bank
of Australia’s July meeting were released. Both Nikkei and Hang Seng
were trading up 0.33% and 0.03%, respectively (as at 8.a.m. IST).
• European markets gained as central banks in Germany and China
pledged support to boost their economies. U.S. bond yields rebounding
buoyed sentiment.
• U.S. markets gained as rebound in Treasury yields suppressed fears of a
possible recession. Also, the U.S. agreed to give U.S. companies more
time to stop doing business with a Chinese telecom giant.
MarketsforYou
FIIDerivativeTradeStatistics 19‐Aug
(RsCr) Buy Sell OpenInt.
IndexFutures 3914.68 4208.94 23169.55
IndexOptions 172890.45 172397.21 57392.72
StockFutures 11052.66 11543.58 91458.65
StockOptions 5374.83 5450.86 5621.53
Total 193232.62 193600.59 177642.45
19‐Aug Prev_Day Change
PutCallRatio(OI) 1.17 1.21 ‐0.04
IndianDebtMarket
PutCallRatio(Vol) 1.00 0.90 0.10
19‐Aug Wk.Ago Mth.Ago YearAgo
CallRate 5.30% 5.32% 5.70% 6.44%
T‐Repo 5.18% 5.37% 5.70% NA
Repo 5.40% 5.40% 5.75% 6.50%
ReverseRepo 5.15% 5.15% 5.50% 6.25%
91DayT‐Bill 5.45% 5.35% 5.64% 6.78%
364DayT‐Bill 5.73% 5.65% 5.89% 7.28%
10YearGilt 6.59% 6.49% 6.36% 7.86%
G‐SecVol.(Rs.Cr) 38343 52233 57810 24619
CurrencyMarketUpdate
FBILMIBOR* 5.37% 5.40% 5.70% 6.46%
3MonthCPRate* 5.85% 5.85% 6.35% 7.70%
5YearCorpBond* 7.83% 7.76% 7.63% 8.72%
1MonthCDRate 5.36% 5.45% 5.85% 6.53%
3MonthCDRate 5.54% 6.01% 6.56% 7.19%
1YearCDRate 6.56% 6.64% 6.78% 7.92%
CommodityMarketUpdate
Currency 19‐Aug Prev_Day Change
USD/INR 71.34 71.29 0.05
GBP/INR 86.80 86.33 0.48
EURO/INR 79.14 79.15 ‐0.01
InternationalNews
JPY/INR 0.67 0.67 0.00
Commodity 19‐Aug WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 56.19 54.36 55.39 65.88
BrentCrude($/bl) 59.83 56.51 61.18 69.33
Gold($/oz) 1495 1497 1425 1184
Gold(Rs./10gm) 37469 37270 35091 29361
Source:ThomsonReutersEikon
*Asonprevioustradingday
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
20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 11,058.10, a premium of 4.20 points
above the spot closing of 11,053.90. The turnover on NSE’s Futures and
Options segment increased to Rs. 8,73,914.63 on August 19, 2019,
compared with Rs. 8,29,535.40 crore on August 16, 2019.
• The Put‐Call ratio stood at 0.93 compared with the previous session’s
close of 0.82.
• The Nifty Put‐Call ratio stood at 1.17 compared with the previous
session’s close of 1.21.
• Open interest on Nifty Futures stood at 21.25 million, compared with
the previous session’s close of 21.40 million.
• Bond yields rose as investors resorted to note selling amid rising
concerns over the fiscal package, which is expected further widen the
fiscal deficit and breach the target. Besides, depreciation in the local
currency also weighed on investors’ sentiment.
• Yield on the 10‐year benchmark paper (7.26% GS 2029) increased 5 bps
to close at 6.59% compared with the previous close of 6.54%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,819 crore (gross) on Aug 19, 2019 compared
with borrowings of Rs. 4,080 crore (gross) on Aug 16, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 26,924 crore on Aug 16, 2019.
• Banks borrowed Rs. 3,611 crore under the central bank’s Marginal
Standing Facility on Aug 16, 2019 compared with borrowings of Rs. 2,325
crore on Aug 14, 2019.
• The rupee fell against the U.S. dollar following greenback purchases by
foreign banks and private banks. The rupee closed at 71.43 a dollar,
down 0.39% compared with the previous close 71.15.
• The euro fell against the greenback as market participants preferred to
remain on the sidelines ahead of a speech by the U.S. Federal Reserve
Chief later this week at the Jackson Hole central bank conference. The
euro was last seen trading at 1.1076, down 0.12% compared with the
previous close of 1.1089.
•Goldpricesfellasconcernseasedtosomeextentthatmajor
economiescouldfallintorecessionwhichinturnboostedmarket
sentiments.
• Brent crude prices rose following an attack on a Saudi oil facility by
Yemen’s Houthi forces.
• Preliminary report by the University of Michigan Consumer showed
sentiment in the U.S. has seen a significant deterioration in Aug 2019.
The report said consumer sentiment index tumbled to 92.1 in Aug after
inching up to 98.4 in Jul 2019.
• Survey data from the IHS Markit showed U.K. households' assessment
of their financial well‐being fell in Aug 2019. The IHS Markit Household
Finance Index, or HFI, fell to 43.7 in Aug 2019 from 44.3 in Jul 2019.
• Final data from Eurostat showed Eurozone inflation eased more than
initially estimated in Jul 2019 to the lowest since late 2016. Headline
inflation slowed to 1% in Jul from 1.3% in Jun 2019. The initial estimate
was 1.1%.
MarketsforYou
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