26 Feb 2019
Markets for You
Global Indices
Global Indices 25-Feb Prev_Day Abs. Change
% Change
#
Dow Jones 26,092 26,032 60 0.23
Nasdaq 7,554 7,528 27 0.36
FTSE 7,184 7,179 5 0.07
Nikkei 21,528 21,426 103 0.48
Hang Seng 28,959 28,816 143 0.50
Indian Indices 25-Feb Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,213 35,871 342 0.95
Nifty 50 10,880 10,792 88 0.82
Nifty 100 11,022 10,937 84 0.77
Nifty Bank 27,159 26,868 292 1.09
SGX Nifty 10,899 10,816 84 0.77
S&P BSE Power 1,820 1,814 6 0.31
S&P BSE Small Cap 13,618 13,518 100 0.74
S&P BSE HC 13,686 13,586 100 0.74
Date P/E Div. Yield P/E Div. Yield
25-Feb 26.55 1.18 26.53 1.24
Month Ago 23.68 1.17 26.14 1.25
Year Ago 23.66 1.16 25.75 1.13
Nifty 50 Top 3 Gainers
Company 25-Feb Prev_Day
% Change
#
Yes Bank 229 222 3.20
TCS 1985 1926 3.09
Infosys 755 735 2.71
Nifty 50 Top 3 Losers Domestic News
Company 25-Feb Prev_Day
% Change
#
Adani Ports & SEZ 325 354 -8.40
Bharti Infratel 304 314 -3.08
BPCL 336 344 -2.37
Advance Decline Ratio
BSE NSE
Advances 1520 1111
Declines 1069 691
Unchanged 178 109
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 9909
MF Flows** 17904
*25
th
Feb 2019; **22
nd
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)
26 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
1600
12132
3.38%
(Oct-18)
• Indian equity markets gained as positive Asian cues helped banks and
information technology shares move up. Chinese markets gained
handsomely after the U.S. President said he could extend the deadline to
increase tariffs on imports from China. He said the two countries have
made considerable progress in trade talks.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.95% and
0.82% to close at 36,213.38 and 10,880.10, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap gained 0.43% and 0.74%, respectively.
• The overall market breadth on BSE was strong with 1520 scrips
advancing and 1069 scrips declining. A total of 178 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Information Technology was the
major gainer, up 2.46%, followed by S&P BSE Teck and S&P BSE Basic
Materials, up 2.11% and 1.17%, respectively. S&P BSE Auto and S&P BSE
Bankex gained 1.11% and 0.86%, respectively. S&P BSE Realty was the
major loser, down 0.86%, followed by S&P BSE Telecom and S&P BSE
Energy, down 0.13% and 0.1%, respectively. S&P BSE Oil & Gas and S&P
BSE Industrials lost 0.07% and 0.06%, respectively.
• The GST Council has approved a deep cut in the levy on homes under
construction and increased the threshold for affordable housing that will
make more purchases eligible for concessional tax, which will offer
significant relief to buyers. Homes under construction will be levied 5%
GST from Apr 1, 2019, against 12% earlier. GST will drop to 1% from 8% for
affordable homes. Homes up to Rs. 45 lakh and with a carpet area of up to
60 sq metres in metros and 90 sq metres in non-metro cities will be
counted in the affordable segment, according to the new twin definition
of the council. This is expected to give a big boost to lower-income
housing. The earlier limit was a uniform carpet area of up to 60 sq metres
for a house in an approved affordable housing scheme. There will be no
input tax credit for GST paid on materials such as cement and steel for the
sector at these lower GST rates.
• The Prime Minister launched the Pradhan Mantri Kisan Samman Nidhi
(PM-KISAN), his government’s Rs. 75,000-crore scheme for farmers. He
transferred the first instalment of Rs 2,000 each to more than 1 crore
farmers. Another one crore farmers are expected to be covered in the
next two to three days. The scheme is aimed to benefit 12 crore farmers
across India. It proposes to give Rs. 6,000 to farmers in three instalments
annually and will be transferred directly to the bank accounts of
beneficiaries through the direct benefit transfer (DBT) scheme. The
scheme was announced by the interim finance minister in the interim
Budget on Feb 1, 2019.
• Swedish technology giant Ericsson and Bharti Airtel announced a
partnership for building intelligent and predictive network operations to
harness new-age technologies like artificial intelligence (AI) and
automation. Ericsson has been Bharti's managed service partner since
2004 and runs its all-India 2G, 3G, 4G/LTE, intelligent network, and VOLTE
(voice over long term evolution) technologies.
• Low-cost carrier IndiGo is planning to expand its international network
and is looking at opening services to China, Vietnam, Myanmar and Saudi
Arabia, among other countries. According to the company chief, the
company will be using 50% of its new capacity to expand operations in the
international markets.
• Asian equity markets were mostly up after U.S. President said he would
push back the deadline for extra tariffs on Chinese goods, which are set to
begin on Mar 1, 2019. The President said there has been substantial
progress in trade talks and that he could meet his Chinese counterpart to
reach a final deal. Today (as of Feb 26), Asian markets opened modestly
higher amid trade optimism. However, investors were cautious ahead of
the U.S. Federal Reserve’s (Fed) testimony before Congress. Nikkei rose
0.08% and Hangseng fell 0.22%. (as at 8.a.m. IST).
• As per the last close, European markets closed higher as trade tensions
eased after U.S. President announced delay of the deadline for additional
tariffs on Chinese goods that was set to begin on Mar 1.
• As per the last close, U.S markets closed almost higher after the U.S.
President announced delay in planned increase in U.S. tariffs on Chinese
imports. However, investors remained on the sidelines as they awaited
second summit between U.S. President and North Korean leader and the
Fed's testimony before Congress in the coming days.
Markets for You
FII Derivative Trade Statistics 25-Feb
(Rs Cr) Buy
Sell Open Int.
Index Futures 1910.17 1834.59 30719.55
Index Options 69366.79 69360.34 62788.53
Stock Futures 12089.46 13175.75 92025.57
Stock Options 7681.65 7734.00 11219.35
Total 91048.07 92104.68 196753.00
25-Feb Prev_Day
Change
Put Call Ratio (OI) 1.46 1.37 0.09
Indian Debt Market
Put Call Ratio(Vol) 1.06 0.99 0.07
25-Feb Wk. Ago Mth. Ago
Year Ago
Call Rate 6.28% 6.31% 6.41% 5.90%
T-Repo 6.28% 6.28% 6.39% NA
Repo 6.25% 6.25% 6.50% 6.00%
Reverse Repo 6.00% 6.00% 6.25% 5.75%
91 Day T-Bill 6.30% 6.35% 6.54% 6.19%
364 Day T-Bill 6.53% 6.50% 6.76% 6.61%
10 Year Gilt 7.58% 7.58% 7.55% 7.67%
G-Sec Vol. (Rs.Cr) 21307 19291 32425 24927
Currency Market Update
FBIL MIBOR* 6.35% 6.28% 6.55% 6.05%
3 Month CP Rate 7.75% 7.65% 7.65% 7.89%
5 Year Corp Bond 8.33% 8.49% 8.49% 8.11%
1 Month CD Rate 6.42% 6.55% 6.64% 6.25%
3 Month CD Rate 7.26% 7.39% 7.27% 7.24%
1 Year CD Rate 7.71% 7.70% 7.88% 7.52%
Commodity Market Update
Currency 25-Feb Prev_Day
Change
USD/INR 71.04 71.22 -0.18
GBP/INR 92.88 92.83 0.05
EURO/INR 80.60 80.75 -0.15
International News
JPY/INR 0.64 0.64 0.00
Commodity 25-Feb Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 55.29 55.53 53.48 63.49
Brent Crude($/bl) 64.56 66.85 61.93 66.98
Gold( $/oz) 1327 1326 1303 1329
Gold(Rs./10 gm) 33326 33371 32303 30390
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
26 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 10,887.05, a premium of 6.95 points,
over the spot closing of 10,880.10. The turnover on NSE’s Futures and
Options segment increased to Rs. 6,24,373.57 crore on Feb 25, 2019,
compared with Rs. 4,64,334.36 crore on Feb 22, 2019.
• The Put-Call ratio stood at 0.88, same as the previous session’s close.
• The Nifty Put-Call ratio stood at 1.46 compared with the previous
session’s close of 1.37.
• Open interest on Nifty Futures stood at 23.86 million as against the
previous session’s close at 23.62 million.
• Bond yields reduced as market participants resorted to short covering in
expectation of purchases under open market operations (OMO) in Mar
2019. The OMO purchases are aimed at providing market liquidity, which
helped ease the bond yield.
• Yield on the existing 10-year benchmark paper (7.17% GS 2028)
dropped 2 bps to close at 7.58% as compared with the previous session’s
close of 7.60% after trading in the range of 7.58% to 7.61%.
• Yield on the upcoming new 10-year benchmark paper (7.26% GS 2029)
closed at 7.41% same as compared with the previous session’s close after
trading in the range of 7.40% to 7.43%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 10,586 crore (gross) on Feb 25, 2019, compared
with Rs. 23,820 crore (gross) as on Feb 22, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 26,818
crore on Feb 22, 2019.
• The Indian rupee rose against the greenback with rise in investors’ risk
appetite for riskier assets following the U.S. President’s announcement of
postponing the tariff hike on Chinese imports.
• The euro edged up on dollar weakness following substantial progress in
U.S.-China trade negotiations, which raised the attractiveness of riskier
assets.
• Gold prices moved up on dollar weakness after the U.S. President said
that he would delay his plans of increasing tariffs on Chinese goods.
• Brent crude prices stood firm with U.S.-China trade talks progressing
substantially on divisive areas.
• Ifo Institue data showed German exporters' business confidence
improved modestly in Feb 2019, after weakening in the previous four
months. This happened despite a difficult global economic environment.
The ifo Export Expectations in manufacturing for the next three months
increased to 7.2 balance points in Feb 2019, from 6.0 balance points in
Jan 2019. The index is based on around 2,700 monthly reports from
manufacturers. The reading had peaked at 14.8 in Sep 2018.
• The Bank of Japan said producer prices in Japan increased 1.1% YoY in
Jan 2019, in line with expectations and the same as the previous month.
On a monthly basis, producer prices decreased 0.5% after sliding 0.1% in
Dec 2018.
Markets for You
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