04 Feb 2019
Markets for You
Global Indices
Global Indices 01-Feb Prev_Day Abs. Change
% Change
#
Dow Jones 25,064 25,000 64 0.26
Nasdaq 7,264 7,282 -18 -0.25
FTSE 7,020 6,969 51 0.74
Nikkei 20,788 20,773 15 0.07
Hang Seng 27,931 27,942 -12 -0.04
Indian Indices 01-Feb Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,469 36,257 213 0.59
Nifty 50 10,894 10,831 63 0.58
Nifty 100 11,067 10,997 70 0.64
Nifty Bank 27,086 27,295 -210 -0.77
SGX Nifty 10,904 10,832 72 0.66
S&P BSE Power 1,888 1,881 7 0.37
S&P BSE Small Cap 13,950 13,926 24 0.17
S&P BSE HC 13,997 13,881 116 0.84
Date P/E Div. Yield P/E Div. Yield
1-Feb 23.70 1.17 26.40 1.24
Month Ago 23.79 1.15 26.28 1.24
Year Ago 25.40 1.09 27.48 1.03
Nifty 50 Top 3 Gainers
Company 01-Feb Prev_Day
% Change
#
Hero Moto 2807 2614 7.39
Maruti 6962 6641 4.84
HCL Tech 1044 1005 3.85
Nifty 50 Top 3 Losers Domestic News
Company 01-Feb Prev_Day
% Change
#
Vedanta 162 197 -17.84
Zee Ente. 354 380 -6.79
Yes Bank 186 194 -4.38
Advance Decline Ratio
BSE NSE
Advances 1178 819
Declines 1360 962
Unchanged 139 100
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -1506
MF Flows** 7152
*1
st
Feb 2019; **31
st
Jan 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.19%
(Dec-18)
5.21%
(Dec-17)
IIP
0.50%
(Nov-18)
8.50%
(Nov-17)
GDP
7.10%
(Sep-18)
6.30%
(Sep-17)
04 February 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
6.50%
(Jul-18)
8.20%
(Jun-18)
Quarter Ago
Inflow/Outflow
-1201
2756
3.70%
(Sep-18)
• Indian equity markets gained as sentiment buoyed on announcement of
the interim budget 2019-20. The budget laid out measures to boost
domestic consumption through income tax reliefs for almost 30 million
low-income taxpayers and 120 million marginal farmers. It also gave sops
to several sectors such as automobiles, consumer staples & durables, real
estate, building materials, home improvement and retail-focused banks &
financials.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.59% and
0.58% to close at 36,469.43 and 10,893.65, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap increased 0.56 and 0.17%, respectively.
• On the BSE sectoral front, S&P BSE Auto was the major gainer, up
2.56%, followed by S&P BSE Consumer Discretionary Goods & Services
and S&P BSE Realty, up 1.77% and 1.33%, respectively. S&P BSE Fast
Moving Consumer Goods and S&P BSE Information Technology gained
1.14% and 1.11%, respectively. S&P BSE Metal was the major loser, down
3.8%, followed by S&P BSE Basic Materials and S&P BSE Bankex, down
1.76% and 1.04%, respectively.
• The government in the Union Budget pegged the fiscal deficit for both
FY19 (revised estimates) and FY20 (budget estimates) at 3.4% of GDP
which is slightly higher than the targeted 3.3% of GDP for FY19 and 3.1%
of GDP for FY20. However, the government projected fiscal deficit at 3.0%
of GDP for both FY21 and FY22 as it is of the view that India’s debt to GDP
ratio would be bought down to 40% by FY25 from 46.5% in FY18.
• The government in the Union Budget allocated Rs. 64,587 crore for
railways in 2019-20 (BE). The Operating Ratio is expected to improve
from 98.4% in 2017-18 to 96.2% in 2018-19 (RE) and further to 95% in
2019-20 (BE). Allocation for defence has also surpassed Rs. 3,00,000 crore
for the first time in 2019-20.
• The government in the Union Budget proposed to launch a mega
pension yojana namely 'Pradhan Mantri Shram-Yogi Maandhan' for the
unorganised sector workers with monthly
income upto Rs. 15,000. A sum of Rs. 500 crore has been allocated for the
Scheme. Additional funds will be provided as needed. The scheme will
also be implemented from the current year.
• The government in the Union Budget informed that tax collection has
increased significantly from Rs. 6.38 Lakh crore in 2013-14 to almost Rs.
12 lakh crore this year. No.of tax payers increased from 3.79 crore to 6.85
crore during the period. For A/Y 2018-19, 99.54% of income tax returns
were accepted as filed.
• Exemptions from GST for small businesses in the Union Budge has been
doubled from Rs. 20 lakh to Rs. 40 lakh. Small businesses having turnover
up to RS. 1.5 crore have been given an attractive composition scheme
wherein they pay only 1% flat rate and have to file one annual return
only. Small service providers with turnover upto Rs. 50 lakhs can now opt
for composition scheme and pay GST at 6% instead of 18%. Businesses
comprising over 90% of GST payers will be allowed to file quarterly
return.
Markets for You
• Asian equity markets ended subdued as weak Chinese manufacturing
data and lingering trade tensions overshadowed positive corporate
earnings from the U.S. The two-day U.S.-China trade talks concluded
without any concrete solution. The only positive was U.S. President saying
the trade dispute could be resolved before the Mar 1, 2019, deadline.
Today (as of Feb 4), Asian markets opened higher amid overnight gains in
U.S. Wall Street. Both Nikkei and Hangseng were trading up 0.35% and
0.19%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed higher following strong
quarterly earnings by few companies and some upbeat key economic
reports of eurozone. Stronger than expected growth in U.S. non-farm
employment in Jan 2019 also boosted the market.
• As per the last close, U.S markets closed mostly higher after the U.S.
government released more than expected increase in jobs growth in Jan
2019. Strong quarterly earnings by some major companies further ed to
gains. However, disappointing quarterly result by an online retail giant
capped the gains.
FII Derivative Trade Statistics 01-Feb
(Rs Cr) Buy
Sell Open Int.
Index Futures 9544.41 6779.15 20878.51
Index Options 185160.17 181722.70 50539.83
Stock Futures 22721.16 21560.25 83631.64
Stock Options 7899.27 7116.57 1560.71
Total 225325.01 217178.67 156610.69
01-Feb Prev_Day
Change
Put Call Ratio (OI) 1.58 1.63 -0.04
Indian Debt Market
Put Call Ratio(Vol) 1.02 0.91 0.11
01-Feb Wk. Ago Mth. Ago
Year Ago
Call Rate 6.43% 6.41% 6.34% 5.89%
T-Repo 6.35% 6.39% 6.19% --
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.50% 6.54% 6.61% 6.34%
364 Day T-Bill 6.73% 6.76% 6.92% 6.58%
10 Year Gilt 7.61% 7.55% 7.42% 7.60%
G-Sec Vol. (Rs.Cr) 76524 32425 24846 48397
Currency Market Update
FBIL MIBOR 6.50% 6.54% 6.50% 6.00%
3 Month CP Rate 7.60% 7.65% 7.70% 7.76%
5 Year Corp Bond 8.57% 8.49% 8.33% 8.07%
1 Month CD Rate 6.72% 6.64% 6.72% 6.27%
3 Month CD Rate 7.19% 7.27% 7.44% 7.19%
1 Year CD Rate 7.96% 7.88% 8.24% 7.51%
Commodity Market Update
Currency 01-Feb Prev_Day
Change
USD/INR 71.11 71.03 0.08
GBP/INR 93.17 93.24 -0.07
EURO/INR 81.34 81.68 -0.34
International News
JPY/INR 0.65 0.65 0.00
Commodity 01-Feb Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 55.24 53.48 45.10 65.90
Brent Crude($/bl) 62.30 61.93 50.51 68.28
Gold( $/oz) 1318 1303 1282 1349
Gold(Rs./10 gm) 33262 32303 31531 30286
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
04 February 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Feb 2019 Futures were at 10,914.05, a premium of 20.40 points,
over the spot closing of 10,893.65. The turnover on NSE’s Futures and
Options segment declined to Rs. 9,14,497.31 crore on Feb 1, 2019.
• The Put-Call ratio stood at 0.86 compared with the previous session’s
close of 0.97.
• The Nifty Put-Call ratio stood at 1.63 compared with the previous
session’s close of 1.60.
• India VIX decreased 9.21% to 15.5450 compared with 17.1225 at the
previous trading session.
• Open interest on Nifty Futures stood at 19.53 million as against the
previous session’s close at 30.22 million.
• Bond yields rose after the government announced an increase in its
borrowing target for the current financial year and laid its expectation of
a higher-than-expectedfiscal deficit for the next financial year.
• Yield on the 10-year benchmark paper (7.17% GS 2028) rose 13 bps to
close at 7.61% as compared with 7.48% in the previous session after
trading in the range of 7.42% to 7.65%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 5,606 crore (gross) on Feb 1, 2019 as compared
with Rs. 3,191 crore on Jan 31, 2019. Sale of securities under Reserve
Bank of India’s (RBI) reverse repo window stood at Rs. 36,686 crore on
Jan 31, 2019.
• Banks borrowed Rs. 400 crore under the central bank’s Marginal
Standing Facility on Jan 31, 2019 compared with borrowing of Rs. 296
crore on Jan 30, 2019.
• The Indian rupee depreciated on worries of fiscal slippage which raised
tension over foreign fund outflow. The rupee closed at 71.24 a dollar,
down 0.23% compared with the previous close of 71.08.
• The euro rose against the greenback following the U.S. Federal
Reserve’s patient stance on further interest rate hikes, which weighed
down on the latter. The euro was last seen trading at 1.1468 a dollar, up
0.21% compared with the previous close of 1.1444.
• Gold prices lost upward momentum on news that U.S. and China are
expected to reach an accommodation and make a trade deal before Mar
1, 2019.
• Brent crude prices declined following a survey that revealed economic
slowdown in China.
• The Commerce Department said new home sales in the U.S.
rebounded sharply in Nov 2018. The report showed new home sales
increased 16.9% to an annual rate of 657,000 in Nov after declining 8.3%
to 562,000 in Oct 2018.
• Preliminary data from Eurostat showed euro zone consumer price
inflation slowed for a third month in Jan 2019 to its lowest level in 11
months. The consumer price index rose 1.4% YoY in Jan after a 1.6%
increase in Dec 2018, in line with expectations.
• IHS Markit data showed U.K. manufacturing growth slowed more than
expected in Jan 2019 to its lowest level in three months. The IHS
Markit/CIPS Purchasing Managers' Index for manufacturing fell to 52.8
from 54.2 in Dec 2018.
Markets for You
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