02 Jan 2019
Markets for You
Global Indices
Global Indices 31-Dec Prev_Day Abs. Change
% Change
Dow Jones Closed 23,327 NA NA
Nasdaq Closed 6,635 NA NA
FTSE Closed 6,728 NA NA
Nikkei Closed 20,015 NA NA
Hang Seng Closed 25,846 NA NA
Indian Indices 01-Jan Prev_Day Abs. Change
% Change
S&P BSE Sensex 36,255 36,068 186 0.52
Nifty 50 10,910 10,863 48 0.44
Nifty 100 11,149 11,110 39 0.35
Nifty Bank 27,392 27,160 232 0.85
SGX Nifty 10,967 10,929 39 0.35
S&P BSE Power 2,004 1,999 5 0.25
S&P BSE Small Cap 14,767 14,707 60 0.41
S&P BSE HC 13,961 13,923 37 0.27
Date P/E Div. Yield P/E Div. Yield
1-Jan 23.79 1.15 26.28 1.24
Month Ago 23.90 1.19 26.31 1.22
Year Ago 25.03 1.13 26.68 1.09
Nifty 50 Top 3 Gainers
Company 01-Jan Prev_Day
% Change
Bharti Airtel 320 313 2.24
HDFC Ltd. 2009 1968 2.07
HPCL 257 253 1.36
Nifty 50 Top 3 Losers Domestic News
Company 01-Jan Prev_Day
% Change
M&M 773 804 -3.79
Hindalco 223 226 -1.53
Wipro 327 331 -1.27
Advance Decline Ratio
Advances 1441 997
Declines 1109 732
Unchanged 151 106
Institutional Flows (Equity)
Description (Cr)
FII Flows* -1002
MF Flows** 120534
Jan 2019; **31
Dec 2018
Economic Indicator
YoY(%) Current Year Ago
02 January 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
Quarter Ago
Indian equity markets entered the New Year on a positive note though
the start was weak. Initially in the day, indices lost ground as core sector
data came in weak compared with the previous month. The growth of
index of eight core industries was at 3.5% in Nov 2018 as against growth
of 4.8% in Oct 2018. Lack of global cues because of New Year’s holiday
also left investors guessing. In the last hour of trading, markets picked up
and ended in the green. Markets could have got support from the
government injecting Rs. 10,882 crore in four public sector banks. This is
part of the Rs. 28,615 crore capital infusion the government announced
in the beginning of Dec 2018.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.52% and
0.44% to close at 36,254.57 and 10,910.10, respectively. S&P BSE Mid-
Cap lost 0.08% and S&P BSE Small Cap increased 0.41%.
The overall market breadth on BSE was strong with 1,441 scrips
advancing and 1,109 scrips declining. A total of 151 scrips remained
On the BSE sectoral front, S&P BSE Realty was the major gainer, up
2.21%, while S&P BSE Metal was the major loser, down 0.74%.
The growth of index of eight core industries came in at 3.5% in Nov
2018 as against growth of 4.8% in Oct 2018. Cement witnessed the
maximum growth of 8.8% (though it declined as against the previous
month), followed by steel and electricity that surged 6.0% and 5.4%,
respectively. Fertilizer sector witnessed the maximum decline of 8.1%
and crude oil went down 3.5%. Crude oil sector has been witnessing
decline for past one year.
The government has injected Rs. 10,882 crore in four public sector
banks. This is part of the Rs. 28,615 crore capital infusion the
government will do in about half a dozen public sector lenders.
The finance ministry has said the government is closely observing the
macroeconomic conditions to make sure that the fiscal deficit remains
within the target of 3.3% of GDP for 2018-19. The government has
directed ministries and departments to meet their extra requirement of
funds from savings and keep their expenditure within the amount
earmarked in the Budget for 2018-19.
The Reserve Bank of India (RBI) said stress tests have indicated that
further improvement in banks’ asset quality would be made in the new
year. In the baseline scenario, the gross non-performing asset (NPA) ratio
may decline from 10.8% in Sep 2018 to 10.3% in Mar 2019 and 10.2% in
Sep 2019, RBI said in its biannual Financial Stability Report (FSR). The RBI
governor said in the report that after a prolonged period of stress, the
load of impaired assets is receding as banks have reported their first half-
yearly decline in the gross NPAs ratio since Sep 2015. Gross non-
performing assets ratio of scheduled commercial banks declined from
11.5% in Mar 2018 to 10.8% in Sep 2018.
Steel, wooden items and machinery product exporters have raised
concern over China hiking the refund on value-added tax (VAT) on these
products without increasing the actual tax. China has increased the
export tax rebate on about 400 “electromechanical and cultural”
products, including steel bars, nuts, bolts, safety pins, rivets, photo
frames and wooden products to “improve the export tax rebate policy”
in the past few months.
Markets for You
Asian equity markets remained closed due to New Year’s Day. Today
(as of Jan 2), Asian markets opened on a lower note as investors traded
cautiously following turbulent 2018. Hangseng fell 0.99% (as at 8.a.m.
IST). Nikkei remained closed.
As per the last close, European markets remained closed on account of
New Year Holiday.
As per the last close, U.S markets remained closed on account of New
Year Holiday.
FII Derivative Trade Statistics 01-Jan
(Rs Cr) Buy
Sell Open Int.
Index Futures 2603.79 2053.91 25009.50
Index Options 49936.52 48242.91 40370.46
Stock Futures 8513.98 8523.47 79017.74
Stock Options 2863.44 2779.28 2887.33
Total 63917.73 61599.57 147285.03
01-Jan Prev_Day
Put Call Ratio (OI) 1.53 1.54 -0.01
Indian Debt Market
Put Call Ratio(Vol) 0.96 0.93 0.03
01-Jan Wk. Ago Mth. Ago
Year Ago
Call Rate 6.34% 6.50% 6.41% 5.92%
T-Repo 6.19% 6.52% 6.29% --
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.61% 6.60% 6.77% 6.12%
364 Day T-Bill 6.93% 6.95% 7.19% 6.29%
10 Year Gilt 7.42% 7.29% 7.61% 7.34%
G-Sec Vol. (Rs.Cr) 24846 21720 38079 21453
Currency Market Update
FBIL MIBOR* 6.73% 6.60% 6.55% 6.00%
3 Month CP Rate 7.70% 7.20% 7.75% 7.20%
5 Year Corp Bond 8.33% 8.22% 8.43% 7.99%
1 Month CD Rate 6.72% 7.13% 6.65% 6.26%
3 Month CD Rate 7.44% 7.10% 7.24% 6.31%
1 Year CD Rate 8.24% 8.17% 8.48% 6.99%
Commodity Market Update
Currency 01-Jan Prev_Day
USD/INR 69.71 69.79 -0.08
GBP/INR 88.97 88.55 0.43
EURO/INR 79.93 79.78 0.15
International News
JPY/INR 0.64 0.63 0.00
Commodity 01-Jan Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) Closed 45.33 50.73 60.41
Brent Crude($/bl) Closed 51.87 57.55 67.07
Gold( $/oz) 1282 1268 1222 1302
Gold(Rs./10 gm) 31531 31190 30240 29363
Source: Thomson Reuters Eikon
*As on 31-12-18
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
02 January 2019
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Jan 2019 settled at 10,960.55, a premium of 50.45 points, over
the spot closing 10,910.10. The turnover on NSE’s Futures and Options
segment rose to Rs. 5,67,489.25 crore on Jan 1, 2019, compared with Rs.
4,00,246.92 crore on Dec 28.
The Put-Call ratio stood at 0.85 against the previous day’s close of
India VIX fell 4.67% to 15.2525 compared with 16.0000 at the previous
trading session.
Open interest on Nifty Futures stood at 24.00 million as against the
previous session’s close at 23.06 million.
Bond yields rose on higher than expected planned borrowings of the
state government for the Jan-Mar period of 2019. This weighed down on
market’s sentiment.
Yield on the 10-year benchmark paper (7.17% GS 2028) increased 5
bps to close at 7.42% as compared with 7.37% in the previous session
after trading in the range of 7.37% to 7.45%.
Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,844 crore (gross) on Jan 1, 2019 compared
with a borrowing of Rs. 4,138 crore (gross) on Dec 31, 2018. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window
stood at Rs. 91,688 crore on Dec 31, 2018.
Banks borrowed Rs. 5,735 crore under the central bank’s Marginal
Standing Facility on Dec 31, 2018 compared with borrowing of Rs. 126
crore Dec 28, 2018.
The Indian rupee closed positive in the first trading session of 2019,
supported by the progress in U.S.-China trade talks and an overnight fall
in greenback. The rupee closed at 69.45 a dollar, up 0.46% compared
with the previous close of 69.77.
The euro gained on hopes of improving U.S.-China trade relations
following their Presidents’ discussion on resolving trade differences.
However, the upside remained limited on expectations of slow
economic growth and weak inflation in Europe.
Gold prices traded at a marginal loss due to optimism on easing trade
tension between U.S. and China. Gold prices were last seen trading at
$1,282.17 per ounce compared with previous close of $1,282.73 per
Brent crude market remained closed due to public holiday.
A report from the Hellenic Statistical Authority showed that Greece’s
retail turnover fell 2.2% YoY in Oct 2018 as against an increase of 4.5% in
Sep 2018. Sales fell for the first time since Feb 2018. The decline mainly
reflects 7.3% fall in pharmaceutical products and cosmetics, and a 2.6%
fall in clothing and footwear.
A report from the Turkish Statistical Institute showed that Turkey’s
visible trade deficit fell 89.8% YoY to $651 million in Nov 2018 as against
$6.359 billion in Nov 2017. Exports grew 9.4% YoY and imports fell
According to a report from the Department of Statistics, Malaysia’s
producer prices fell 2.9% YoY in Nov 2018 as against an increase of 0.7%
in Oct 2018.
Markets for You
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