11Feb2019
MarketsforYou
GlobalIndices
GlobalIndices 08‐Feb Prev_Day Abs.Change
%Change
#
DowJones 25,106 25,170 ‐63 ‐0.25
Nasdaq 7,298 7,288 10 0.14
FTSE 7,071 7,094 ‐22 ‐0.32
Nikkei 20,333 20,751 ‐418 ‐2.01
HangSeng 27,946 27,990 ‐44 ‐0.16
IndianIndices 08‐Feb Prev_Day Abs.Change
%Change
#
S&PBSESensex 36,546 36,971 ‐425 ‐1.15
Nifty50 10,944 11,069 ‐126 ‐1.14
Nifty100 11,094 11,229 ‐135 ‐1.20
NiftyBank 27,294 27,387 ‐93 ‐0.34
SGXNifty 10,935 11,079 ‐144 ‐1.30
S&PBSEPower 1,782 1,816 ‐35 ‐1.90
S&PBSESmallCap 13,657 13,779 ‐122 ‐0.89
S&PBSEHC 13,983 14,068 ‐85 ‐0.60
Date P/E Div.Yield P/E Div.Yield
8‐Feb 23.53 1.15 27.10 1.23
MonthAgo 23.41 1.17 26.02 1.25
YearAgo 24.21 1.15 25.56 1.07
Nifty50Top3Gainers
Company 08‐Feb Prev_Day
%Change
#
BhartiInfratel 326 306 6.60
KotakBank 1299 1285 1.16
Lupin 831 823 0.97
Nifty50Top3Losers DomesticNews
Company 08‐Feb Prev_Day
%Change
#
TataMotors 151 183 ‐17.58
IndiabullsHFC 614 652 ‐5.89
VedantaLimited 154 163 ‐5.69
AdvanceDeclineRatio
BSE NSE
Advances 923 600
Declines 1616 1211
Unchanged 111 103
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 1012
MFFlows** 7543
*8
th
Feb2019;**7
th
Feb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)
11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
378
399
3.70%
(Sep‐18)
• Indian equity markets declined on weak global cues and poor earnings
by an auto major. The auto major’s third‐quarter earnings came deep in
red, in fact it’s the biggest quarterly loss in the country till date. On the
global front, the European Commission reduced euro zone economic
growth and the U.S. President said he did not intend to meet the Chinese
Premier ahead of the Mar 1, 2019, deadline.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 1.15% and
1.14%, respectively, to close at 36,546.48 and 10,943.60, respectively.
S&P BSE Mid‐Cap and S&P BSE Small Cap lost 1.40% and 0.89%,
respectively.
• The overall market breadth on BSE was weak with 923 scrips advancing
and 1616 scrips declining. A total of 112 scrips remained unchanged.
• On the BSE sectoral front, only two sectors gained. S&P BSE Telecom
was the major gainer, up 1.74%, followed by S&P BSE Realty, which
gained 1.07%. S&P BSE Metal was the major loser, down 3.42%, followed
by S&P BSE Auto and S&P BSE Basic Industrials, down 3.37% and 2.56%,
respectively. S&P BSE Basic Materials and S&P BSE Utilities lost 2% and
1.97%, respectively.
• According to a report by the U.S. Chamber of Commerce’s Global
Innovation Policy Center (GIPC), India has climbed 8 places up to 36th out
of 50 economies in 2019 from 44th in 2018. The index ranks economies
based on 45 unique indicators that are key to an innovation‐led economy
supported by robust patent, trademark, copyright and trade secrets
protection. India’s overall score has increased substantially from 30.07%
(12.03 out of 40) in the 6th edition to 36.04% (16.22 out of 45) in the 7th
edition.
• The Reserve Bank of India has decided to raise the limit of collateral‐
free agricultural loans to Rs. 1.6 lakh from Rs. 1 lakh in order to provide
some relief to small and marginal farmers. The central bank also
proposed to form an internal working group to review various issues
plaguing farm credit, such as regional disparity, extent of coverage and
limited capital formation from such credit.
• According to a global rating agency, India’s gross domestic product
(GDP)growthisforecastedtoslowto7%inFY20.Theagencyalsoexpects
rupee to depreciate which will then increase the fuel prices for the
country. Rise in fuel prices will limit the demand for commercial vehicles
and thus auto loans may face downside risk.
• UCO Bank posted marginal drop in its net loss at Rs. 998.74 crore for
third quarter ended Dec 2018 as against net loss of Rs. 1,016.43 crore in
quarter ended Dec 2017. Rise in bad loans and provisions led to losses.
• Tata Steel posted 54.33% surge in consolidated net profit to Rs.
1,753.07 crore during the quarter ended on Dec 2019 as against net profit
of Rs. 1,135.92 crore for the same quarter a year ago. The surge in net
profit was due to rise in total income to Rs. 41,431.37 crore Oct‐Dec 2018
from Rs. 33,672.48 crore in the year‐ago quarter.
• Future Supply Chain Solutions announced 57% increase in its net profit
to Rs. 19.7 crore for the quarter ended Dec 2018 from Rs. 12.6 crore in
quarter ended Dec 2017.
• Asian equity markets declined as investors got anxious over growth and
trade issues. The European Commission reduced its growth forecast for
the euro zone. The U.S. President said he did not plan to meet the
Chinese President before the Mar 1, 2019, deadline. Today (as of Feb 11),
Asian markets opened on a mixed note ahead of the negotiations
between U.S.‐China later this week. While Nikkei was closed due to public
holiday Hang Seng was trading lower 0.28% (as at 8 a.m. IST).
• As per the last close, European markets fell notably amid mounting
worries about global growth due to ongoing U.S.‐China trade disputes.
Moreover, European Commission and the Bank of England forecasts
lower growth for the euro area also continued to weigh on sentiment.
• As per the last close, U.S markets closed on a mixed note on concerns
over the U.S. ‐ China trade talks. A news report said the U.S. and China
don't even have a draft agreement that specifies where they agree and
disagree, added to the worries.
MarketsforYou
FIIDerivativeTradeStatistics 08‐Feb
(RsCr) Buy Sell OpenInt.
IndexFutures 3204.07 2204.86 27706.44
IndexOptions 189036.43 187862.77 59436.36
StockFutures 11508.87 11035.46 88649.76
StockOptions 8029.33 7944.23 7183.67
Total 211778.70 209047.32 182976.23
08‐Feb Prev_Day Change
PutCallRatio(OI) 1.59 1.78 ‐0.20
IndianDebtMarket
PutCallRatio(Vol) 1.01 1.06 ‐0.04
08‐Feb Wk.Ago Mth.Ago YearAgo
CallRate 6.35% 6.43% 6.36% 5.90%
T‐Repo 6.34% 6.35% 6.39% ‐‐
Repo 6.25% 6.50% 6.50% 6.00%
ReverseRepo 6.00% 6.25% 6.25% 5.75%
91DayT‐Bill 6.32% 6.50% 6.65% 6.34%
364DayT‐Bill 6.55% 6.73% 6.85% 6.55%
10YearGilt 7.52% 7.61% 7.45% 7.47%
G‐SecVol.(Rs.Cr) 54792 76524 55694 50448
CurrencyMarketUpdate
FBILMIBOR 6.44% 6.50% 6.50% 6.00%
3MonthCPRate 7.45% 7.60% 7.75% 7.79%
5YearCorpBond 8.42% 8.56% 8.35% 8.07%
1MonthCDRate 6.56% 6.72% 6.81% 6.24%
3MonthCDRate 6.96% 7.19% 7.22% 7.24%
1YearCDRate 7.96% 7.96% 7.96% 7.52%
CommodityMarketUpdate
Currency 08‐Feb Prev_Day Change
USD/INR 71.29 71.47 ‐0.17
GBP/INR 92.29 92.45 ‐0.15
EURO/INR 80.83 81.20 ‐0.37
InternationalNews
JPY/INR 0.65 0.65 0.00
Commodity 08‐Feb WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 52.70 55.24 49.53 61.28
BrentCrude($/bl) 61.46 62.30 56.70 64.20
Gold($/oz) 1314 1318 1285 1319
Gold(Rs./10gm) 33043 33262 31734 29881
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
11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 10,957.25, a premium of 13.65 points,
over the spot closing of 10,943.60. The turnover on NSE’s Futures and
Options segment declined to Rs. 5,97,493.05 crore on Feb 8, 2019,
compared with Rs. 17,97,505.44 crore on Feb 7, 2019.
• The Put‐Call ratio stood at 0.91 compared with the previous session’s
close of 0.84.
• The Nifty Put‐Call ratio stood at 1.59 compared with the previous
session’s close of 1.78.
• Open interest on Nifty Futures stood at 22.77 million as against the
previous session’s close at 23.06 million.
• Bond yields increased as market participants remain concerned over
the borrowing plan set forth by the government. The country is
preparing to borrow an additional Rs. 360 billion next month, which will
lift the gross amount to Rs. 5,710 billion for the current year.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) increased 2 bps
to close at 7.52% as compared with 7.50% in the previous session after
trading in the range of 7.46% to 7.53%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 19,501 crore (gross) on Feb 8, 2019, compared
with Rs. 12,211 crore (gross) as on Feb 7, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 17,362
crore on Feb 7, 2019.
• Banks borrowed Rs. 26,913 crore under the central bank’s Marginal
Standing Facility on Feb 7, 2019 compared with borrowing of Rs. 1,125
crore on Feb 6, 2019.
• The Indian rupee appreciated against the greenback, supported by the
Monetary Policy Committee’s unexpected policy rate cut to 6.25% and
subdued crude oil prices. This raised hopes on improving foreign fund
inflows in the country. The rupee closed at 71.30 a dollar, up 0.21%
compared with the previous close of 71.45.
• The euro inched down against the greenback amid concerns of a
slowdown in global growth. The euro was last seen trading at 1.1339 a
dollar, down 0.01% compared with the previous close of 1.1340.
• Gold prices went up on rising worries regarding slowdown in the global
economy.
• Brent crude prices remained subdued amid rising concerns over
eurozone’s economic growth. European Commission trimmed its growth
forecast for eurozone for the current and next year.
• Bank of England has kept the bank rate unchanged at 0.75% in the
monetary policy meeting. The stock of corporate and government bond
purchases was kept at GBP 10 billion and GBP 435 billion, respectively.
The bank has lowered U.K’s growth forecast for 2019 and 2020 to 1.2%
and 1.5%, respectively as against previous expectation of 1.7% for both
the years. The revision reflects Brexit uncertainties.
• The European Commission has lowered the growth forecast for
eurozone to 1.3% and 1.6% for 2019 and 2020, respectively as against
prior expectation of 1.9% and 1.7%. The revised expectation reflects high
level of uncertainty. Meanwhile, Germany’s growth forecast was
lowered to 1.1% for 2019 as against prior expectation of 1.8%.
MarketsforYou
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