12Feb2019
MarketsforYou
GlobalIndices
GlobalIndices 11‐Feb Prev_Day Abs.Change
%Change
#
DowJones 25,053 25,106 ‐53 ‐0.21
Nasdaq 7,308 7,298 10 0.13
FTSE 7,129 7,071 58 0.82
Nikkei 20,333 20,333 0 0.00
HangSeng 28,144 27,946 198 0.71
IndianIndices 11‐Feb Prev_Day Abs.Change
%Change
#
S&PBSESensex 36,395 36,546 ‐151 ‐0.41
Nifty50 10,889 10,944 ‐55 ‐0.50
Nifty100 11,030 11,094 ‐64 ‐0.58
NiftyBank 27,228 27,294 ‐67 ‐0.24
SGXNifty 10,921 10,935 ‐14 ‐0.13
S&PBSEPower 1,773 1,782 ‐9 ‐0.51
S&PBSESmallCap 13,450 13,657 ‐206 ‐1.51
S&PBSEHC 13,720 13,983 ‐263 ‐1.88
Date P/E Div.Yield P/E Div.Yield
11‐Feb 23.43 1.16 26.96 1.24
MonthAgo 23.57 1.16 26.00 1.25
YearAgo 23.88 1.16 25.27 1.08
Nifty50Top3Gainers
Company 11‐Feb Prev_Day
%Change
#
TataSteel 481 469 2.55
Cipla 543 534 1.69
IndianOil 136 134 1.53
Nifty50Top3Losers DomesticNews
Company 11‐Feb Prev_Day
%Change
#
Dr.Reddy 2615 2770 ‐5.57
M&M 648 682 ‐5.07
ONGC 138 144 ‐4.13
AdvanceDeclineRatio
BSE NSE
Advances 801 547
Declines 1747 1299
Unchanged 164 82
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 1823
MFFlows** 6682
*11
th
Feb2019;**8
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)
12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
‐861
812
3.70%
(Sep‐18)
• Indian equity markets continued with losses for the third day on
account of weak global cues as investors looked forward to the trade
talks between U.S. and China later in the week. Things are getting tense
around the two countries’ trade relations as the Mar 1, 2019, truce
deadline is drawing close. Investors also tracked corporate earnings
domestically.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.41% and
0.50%, respectively, to close at 36,395.03 and 10,888.80, respectively.
S&P BSE Mid‐Cap and S&P BSE Small Cap lost 1.47% and 1.51%,
respectively.
• The overall market breadth on BSE was weak with 835 scrips advancing
and 1714 scrips declining. A total of 163 scrips remained unchanged.
• On the BSE sectoral front, only two sectors gained. S&P BSE Teck was
the major gainer, up 0.25%, followed by S&P BSE Information Technology,
up 0.2%. S&P BSE Healthcare was the major loser, down 1.88%, followed
by S&P BSE Energy and S&P BSE Capital Goods, down 1.53% and 1.46%,
respectively. S&P BSE Oil & Gas and S&P BSE Basic Materials lost 1.41%
and 1.29%, respectively.
• According to a report by an industry body, hiring and production
outlook could be better, while exports will be affected by global demand
factors in manufacturing sector in Oct‐Dec 2018‐19. The third quarter is
expected to be better as the percentage respondents reporting higher
output growth during the third quarter was 54% compared with 47% in
the same period of the previous fiscal. The percentage of respondents
reporting low production was just 13.5% in Q3 of 2018‐19 against 15% in
Q3 of 2017‐18. Similarly, on hiring front while in Q3 of 2017‐18, 70%
respondents mentioned that they were not likely to hire additional
workforce. In Q3 of 2018‐19, this percentage has come down to 65%.
• The Centre will soon double Kisan Credit Cards (KCCs) to reach out to all
farmers. KCCs will be doubled from 6.95 crore to around 14 crore active
cards ahead of the general elections. This is being done to bring all
landholding cultivators within the institutional credit system. The target is
to issue KCCs to eligible farmers within two weeks of submission of
application forms. The Indian Banks Association issued an advisory to all
banks last week asking them to waive processing, documentation,
inspection, ledger folio charges and all other service charges for KCC and
crop loans up to Rs. 3 lakh.
• The government could extend additional subsidised loans of at least Rs.
6,000 crore to sugar mills and others to expand their ethanol production
capacity. This is being done to help mills diversify their product basket
away from over‐dependence on sugar and bolster their ability to clear
cane dues to farmers.
• A government official said new schemes introduced by the government
will focus on positioning the country as an export hub and not just on
manufacturing of electronics in India. He said there has been a "widening
and deepening" of the electronics manufacturing ecosystem in India. He
added that other than various brands coming to the country to set up
manufacturing base, their supply chain partners have also started
participating.
• Asian equity markets remained subdued as investors chose to be on the
sidelines ahead of U.S.‐China trade meet. The two countries are
scheduled to meet in Beijing later in the week. Markets are also worried
over global economic growth and taking stock of corporate earnings.
Today (as of Feb 12), Asian markets opened mostly on a higher note
despite muted finish on the Wall Street Overnight. While Nikkei was
trading higher 1.41%, Hang Seng was lower 0.21% (as at 8 a.m. IST).
• As per the last close, European markets rose notably ahead of a fresh
round of U.S.‐China trade discussions. Value buying at lower prices too
contributed to the upside. Shares of Italian lender surged led to a rally in
the banking space. Banking stocks rose on news that the capital positions
of certain banks are higher than the levels required by the European
Central Bank.
•Asperthelastclose,U.Smarketsclosedonamixednoteonuncertainty
ahead of the next round of trade talks between the U.S. and China due to
take place later this week. Absence of any major U.S. economic data also
kept traders on the sidelines.
MarketsforYou
FIIDerivativeTradeStatistics 11‐Feb
(RsCr) Buy Sell OpenInt.
IndexFutures 3000.77 3225.11 28133.48
IndexOptions 86223.52 84345.81 60406.20
StockFutures 12522.57 13321.14 88410.38
StockOptions 9609.99 9650.93 7568.52
Total 111356.85 110542.99 184518.58
11‐Feb Prev_Day Change
PutCallRatio(OI) 1.47 1.59 ‐0.12
IndianDebtMarket
PutCallRatio(Vol) 0.86 1.01 ‐0.15
11‐Feb Wk.Ago Mth.Ago YearAgo
CallRate 6.36% 6.39% 6.35% 5.89%
T‐Repo 6.35% 6.29% 6.38% ‐‐
Repo 6.25% 6.50% 6.50% 6.00%
ReverseRepo 6.00% 6.25% 6.25% 5.75%
91DayT‐Bill 6.35% 6.52% 6.60% 6.33%
364DayT‐Bill 6.57% 6.75% 6.85% 6.54%
10YearGilt 7.53% 7.67% 7.50% 7.49%
G‐SecVol.(Rs.Cr) 21793 25406 38698 46487
CurrencyMarketUpdate
FBILMIBOR* 6.44% 6.50% 6.50% 6.00%
3MonthCPRate 7.45% 7.65% 7.70% 7.79%
5YearCorpBond 8.51% 8.56% 8.38% 8.07%
1MonthCDRate 6.43% 6.60% 6.71% 6.25%
3MonthCDRate 7.01% 7.24% 7.48% 7.24%
1YearCDRate 7.92% 8.07% 7.90% 7.50%
CommodityMarketUpdate
Currency 11‐Feb Prev_Day Change
USD/INR 71.16 71.29 ‐0.13
GBP/INR 92.02 92.29 ‐0.27
EURO/INR 80.59 80.83 ‐0.24
InternationalNews
JPY/INR 0.65 0.65 0.00
Commodity 11‐Feb WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 52.38 54.52 51.39 59.18
BrentCrude($/bl) 61.57 62.70 58.88 62.98
Gold($/oz) 1308 1312 1288 1317
Gold(Rs./10gm) 32913 33226 32117 30007
Source:ThomsonReutersEikon *Ason08Feb2019
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
12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 10,909.60, a premium of 20.80 points,
over the spot closing of 10,888.80. The turnover on NSE’s Futures and
Options segment declined to Rs. 5,46,033.37 crore on Feb 11, 2019,
compared with Rs. 5,97,493.05 crore on Feb 8, 2019.
• The Put‐Call ratio stood at 0.92 compared with the previous session’s
close of 0.91.
• The Nifty Put‐Call ratio stood at 1.47 compared with the previous
session’s close of 1.59.
• Open interest on Nifty Futures stood at 23.50 million as against the
previous session’s close at 22.77 million.
• Bond yields continued to increase amid concern over higher‐than‐
expected borrowing plan set forth by the government. Besides, market
participants are staying on the sidelines ahead of the retail inflation data
for Jan 2019, which is scheduled to release on Feb 12, 2019.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) increased 1 bps
to close at 7.53% as compared with 7.52% in the previous session after
trading in the range of 7.51% to 7.55%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 22,255 crore (gross) on Feb 11, 2019, compared
with Rs. 19,501 crore (gross) as on Feb 8, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 11,845
crore on Feb 8, 2019.
• The Indian rupee continues rising spree, supported by the Monetary
Policy Committee’s surprising policy rate cut to 6.25% and on hopes of
improving foreign fund inflows in the country. However, the local unit’s
upside was limited by the plunge in domestic equity market.
• The euro drifted lower as European government debt yields hit a two‐
year low. Besides, the single currency is also reeling under the pressure
of feeble economic growth forecast given by the European Commission
for eurozone.
• Gold prices drifted lower on dollar strength. The greenback has been
gaining amid the ongoing U.S. and China trade negotiations.
• Brent crude prices remained subdued amid demand concerns owing to
the global economic slowdown. The rise in U.S. stockpiles, which could
create a supply glut, added to the pressure.
• Preliminary figures from the Office for National Statistics showed U.K.
economic growth slowed more than expected in the fourth quarter of
2018. The full‐year growth came in at the weakest since 2009. Gross
domestic product grew 0.2% from the third quarter, when the economy
expanded 0.6%. Annually, GDP increased 1.3% in the fourth quarter, the
weakest pace since the second quarter of 2012.
• Preliminary data from the Federal Statistical Office showed
Switzerland's headline consumer price inflation slowed for the third
consecutive month in Jan 2019. The consumer price index increased
0.6% YoY after 0.7% rise in Dec 2018. The easing was in line with
expectations.
MarketsforYou
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