14Feb2019
MarketsforYou
GlobalIndices
GlobalIndices 13‐Feb Prev_Day Abs.Change
%Change
#
DowJones 25,543 25,426 118 0.46
Nasdaq 7,420 7,415 6 0.08
FTSE 7,191 7,133 58 0.81
Nikkei 21,144 20,864 280 1.34
HangSeng 28,498 28,171 326 1.16
IndianIndices 13‐Feb Prev_Day Abs.Change
%Change
#
S&PBSESensex 36,034 36,154 ‐120 ‐0.33
Nifty50 10,794 10,831 ‐38 ‐0.35
Nifty100 10,924 10,971 ‐48 ‐0.43
NiftyBank 26,885 27,011 ‐125 ‐0.46
SGXNifty 10,830 10,879 ‐50 ‐0.46
S&PBSEPower 1,745 1,771 ‐26 ‐1.46
S&PBSESmallCap 13,341 13,392 ‐51 ‐0.38
S&PBSEHC 13,677 13,761 ‐83 ‐0.61
Date P/E Div.Yield P/E Div.Yield
13‐Feb 23.35 1.17 26.60 1.25
MonthAgo 23.57 1.16 26.00 1.25
YearAgo 24.15 1.15 25.48 1.07
Nifty50Top3Gainers
Company 13‐Feb Prev_Day
%Change
#
AdaniPorts&SEZ 342 327 4.54
IndiabullsHFC 619 599 3.34
UnitedPhos 817 796 2.64
Nifty50Top3Losers DomesticNews
Company 13‐Feb Prev_Day
%Change
#
EicherMotors 20159 21138 ‐4.63
HPCL 225 234 ‐3.82
IndianOil 130 135 ‐3.60
AdvanceDeclineRatio
BSE NSE
Advances 951 685
Declines 1593 1116
Unchanged 127 88
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 2588
MFFlows** 7512
*13
th
Feb2019;**12
th
Feb2019
EconomicIndicator
YoY(%) Current YearAgo
CPI
2.05%
(Jan‐19)
5.07%
(Jan‐18)
IIP
2.40%
(Dec‐18)
7.30%
(Dec‐17)
GDP
7.10%
(Sep‐18)
6.30%
(Sep‐17)
14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
4.60%
(Sep‐18)
8.20%
(Jun‐18)
QuarterAgo
Inflow/Outflow
976
1170
3.38%
(Oct‐18)
• The government informed Parliament that public sector banks loans
worth Rs. 7,277.31 crore under ‘the Pradhan Mantri Mudra Yojana have
turned bad at the end of Mar 2018. Loans extended under PMMY from
inception of the scheme up to Mar 2018 by all member lending
institutions were Rs. 5.71 lakh crore.
• The minister of state for finance said the number of suspicious refund
claims under income tax have also increased over the last three years.
Refunds disbursed by the income tax department (ITD) has grown over the
years. The ITD selected 20,874 cases in the current fiscal to examine
suspicious refund claims compared with 11,059 and 9,857 in the previous
two fiscals. The income tax refunds disbursed till Feb 2 stood at Rs. 1.43
lakh crore compared with Rs. 1.52 lakh core in FY18 and Rs. 1.63 lakh
crore in FY17.
• The Comptroller and Auditor General (CAG) has said in a report that the
income tax department (ITD) caused a loss of Rs. 6,093 crore to the
exchequer due to 1,183 mistakes made in assessing the income‐tax
returns (ITRs) of real estate companies between FY14 and FY17. The CAG
scrutinised 22% of the 78,647 assessments made during this period. It said
ITD needed to internally audit the remaining assessments to pin down
reasons for errors. CAG also found that out of the 923 real estate
transactions involving more than Rs. 1 crore, ITD failed to bring 142
transactions under the tax net.
• Godrej Industries’ consolidated profit after tax increased over two‐fold
to Rs. 121.28 crore for the third quarter ended Dec 2018. The company
hadpostedanetprofitofRs.50.54croreintheyear‐agoperiod.Total
income increased 19% to Rs. 2,576 crore in the quarter under review.
• Adani Transmission’s consolidated net profit dropped 77.52% at Rs.
189.22 crore in the quarter ended on Dec 31, 2018. The company's
consolidated net profit was Rs. 841.88 crore in the period.
MarketsforYou
• Asian equity markets were mostly up amid investor optimism over U.S.‐
China trade talks. The U.S. President gave hints that he could extend the
Mar 1, 2019, truce deadline between the two countries over trade. Also,
U.S. lawmakers agreed in principle to avoid another government
shutdown. Today (as of Feb 14), Asian markets opened on a cautious note
despite optimism about the U.S.‐China trade talks. While Nikkei was
trading up 0.03%, Hang Seng was lower 0.32% (as at 8 a.m. IST).
• As per the last close, European markets rose as market participants
remained optimistic over U.S.‐China trade discussions and on reports that
another U.S. government shutdown is unlikely.
• As per the last close, U.S markets rose on optimism that another U.S.
government shutdown is unlikely. The U.S. President expressed his
unhappiness about a tentative deal reached by lawmakers but did not
specifically rejected the proposal. Continued optimism about U.S.‐China
trade talks also benefitted the market.
• Indian equity markets declined yet again because of rise in oil prices and
sustained selling by domestic institutional investors and foreign
institutional investors. This neutralised the positive effect of upbeat
inflation and industrial production data. Oil surged on deepening OPEC
supply cuts and comments from Saudi Arabia that it would reduce its
production in Mar 2019 by an extra 500,000 barrels.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.33% and
0.35%, respectively, to close at 36,034.11 and 10,793.65, respectively. S&P
BSE Mid‐Cap and S&P BSE Small Cap lost 0.52% and 0.38%, respectively.
• The overall market breadth on BSE was weak with 951 scrips advancing
and 1593 scrips declining. A total of 127 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Information Technology was the
major gainer, up 0.67%, followed by S&P BSE Teck, up 0.48%, and S&P BSE
Realty, up 0.32%. S&P BSE Oil & Gas was the major loser down 2.11%
followed by S&P BSE Capital Goods, down 1.76%. S&P BSE Power and S&P
BSE Utilities lost 1.39% and 1.36%, respectively.
FIIDerivativeTradeStatistics 13‐Feb
(RsCr) Buy Sell OpenInt.
IndexFutures 2360.83 1959.37 29407.30
IndexOptions 91208.44 90601.22 62979.17
StockFutures 10981.73 11527.86 88373.67
StockOptions 8569.31 8336.54 8832.86
Total 113120.31 112424.99 189593.00
13‐Feb Prev_Day Change
PutCallRatio(OI) 1.29 1.35 ‐0.07
IndianDebtMarket
PutCallRatio(Vol) 0.82 0.88 ‐0.06
13‐Feb Wk.Ago Mth.Ago YearAgo
CallRate 6.14% 6.42% 6.35% 6.00%
T‐Repo 6.12% 6.12% 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 6.31% 6.51% 6.60% 6.35%
364DayT‐Bill 6.49% 6.78% 6.85% 6.54%
10YearGilt 7.47% 7.57% 7.50% 7.50%
G‐SecVol.(Rs.Cr) 59946 27325 38698 33836
CurrencyMarketUpdate
FBILMIBOR* 6.44% 6.48% 6.50% 6.00%
3MonthCPRate 7.40% 7.65% 7.70% 7.78%
5YearCorpBond 8.34% 8.53% 8.38% 8.08%
1MonthCDRate 6.43% 6.60% 6.71% 6.26%
3MonthCDRate 7.19% 7.17% 7.48% 7.23%
1YearCDRate 7.75% 8.02% 7.90% 7.50%
CommodityMarketUpdate
Currency 13‐Feb Prev_Day Change
USD/INR 70.55 70.94 ‐0.38
GBP/INR 91.13 91.26 ‐0.13
EURO/INR 79.96 80.03 ‐0.07
InternationalNews
JPY/INR 0.64 0.64 0.00
Commodity 13‐Feb WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 53.79 53.89 51.39 59.39
BrentCrude($/bl) 63.66 62.31 58.88 62.14
Gold($/oz) 1306 1306 1288 1323
Gold(Rs./10gm) 32855 33210 32117 30063
Source:ThomsonReutersEikon
*Ason12Feb2019
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
14February2019
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yields plunged following the decline in retail inflation rate to
2.05% for Jan 2019, which lifted the market sentiment. This raised
speculations on another cut in the key interest rate in the next Monetary
Policy meeting scheduled for Apr.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) declined 6 bps
at 7.47% as compared with the previous session’s close of 7.53% after
trading in the range of 7.43% to 7.48%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 2,941 crore (gross) on Feb 13, 2019, compared
with Rs. 6,496 crore (gross) as on Feb 12, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 18,707
crore on Feb 12, 2019.
• Banks borrowed Rs. 740 crore under the central bank’s Marginal
Standing Facility on Feb 12, 2019 compared with borrowing of Rs. 265
crore on Feb 11, 2019.
• Office for National Statistics data showed U.K. consumer prices
increased at the slowest pace in two years in Jan 2019, weaker than
expectations. The consumer price index increased 1.8% YoY following a
2.1% rise in Dec 2018. Headline inflation was the slowest since Jan 2017,
when prices increased at the same pace.
• The Bank of Japan said producer prices in the country decreased 0.6%
MoM in Jan 2019, which is the same as Dec 2018, but shy of expectations.
On a yearly basis, producer prices increased 0.6%, missing forecast and
less than 1.5% rise in the year‐ago period. Export prices decreased 2.5%
MoM and 3.3% YoY, while import prices declined 5.0% MoM and 1.6%
YoY.
MarketsforYou
• Nifty Feb 2019 Futures were at 10,823.40, a premium of 29.75 points,
over the spot closing of 10,793.65. The turnover on NSE’s Futures and
Options segment increased to Rs. 8,69,113.19 crore on Feb 13, 2019,
compared with Rs. 6,83,890.96 crore on Feb 12, 2019.
• The Put‐Call ratio stood at 0.84 compared with the previous session’s
close of 0.91.
• The Nifty Put‐Call ratio stood at 1.29 compared with the previous
session’s close of 1.35.
• Open interest on Nifty Futures stood at 24.14 million as against the
previous session’s close at 23.60 million.
• The Indian rupee declined on higher dollar demand from importers and
state‐run banks. The rupee closed at 70.85 a dollar, down 0.21% compared
with the previous close of 70.70.
• The euro extended losses from the previous session on weak eurozone
economic data, which revealed higher‐than‐expected slowdown in the
region’s industrial production. The euro was last seen trading at 1.1314 a
dollar, down 0.09% compared with the previous close of 1.1324.
• Gold prices held firm as investors preferred to stay on the sidelines
ahead of the outcome of the U.S.‐China trade negotiation.
• Brent crude prices rose sharply after the top oil exporter, Saudi Arabia,
declared of deeper cuts in oil production.
Thank you for
your time.