03 Jan 2019
Markets for You
Global Indices
Global Indices 02-Jan Prev_Day Abs. Change
% Change
#
Dow Jones 23,346 Closed NA NA
Nasdaq 6,666 Closed NA NA
FTSE 6,734 Closed NA NA
Nikkei Closed Closed NA NA
Hang Seng 25,130 Closed NA NA
Indian Indices 02-Jan Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,892 36,255 -363 -1.00
Nifty 50 10,793 10,910 -118 -1.08
Nifty 100 11,032 11,149 -117 -1.05
Nifty Bank 27,175 27,392 -218 -0.79
SGX Nifty 10,873 10,967 -95 -0.86
S&P BSE Power 1,974 2,004 -30 -1.49
S&P BSE Small Cap 14,658 14,767 -109 -0.74
S&P BSE HC 13,886 13,961 -75 -0.54
Date P/E Div. Yield P/E Div. Yield
2-Jan 23.39 1.17 26.00 1.25
Month Ago 23.90 1.19 26.31 1.22
Year Ago 25.07 1.13 26.70 1.09
Nifty 50 Top 3 Gainers
Company 02-Jan Prev_Day
% Change
#
Sun Pharma 440 434 1.50
TCS 1923 1903 1.08
Asian Paints 1383 1372 0.86
Nifty 50 Top 3 Losers Domestic News
Company 02-Jan Prev_Day
% Change
#
Eicher Motors 21162 23195 -8.76
Vedanta 193 202 -4.43
Tata Steel 494 516 -4.29
Advance Decline Ratio
BSE NSE
Advances 923 545
Declines 1637 1212
Unchanged 157 117
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -530
MF Flows** 529
*2
nd
Jan 2019; **1
st
Jan 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.33%
(Nov-18)
4.88%
(Nov-17)
IIP
8.10%
(Oct-18)
1.80%
(Oct-17)
GDP
7.10%
(Sep-18)
6.30%
(Sep-17)
03 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
Sensex
Nifty
6.50%
(Jul-18)
8.20%
(Jun-18)
Quarter Ago
Inflow/Outflow
529
472
4.17%
(Jul-18)
• Indian equity markets closed on a lower note as weak sales data from
automakers weighed on the markets. Metal stocks remained under
pressure as global base metal prices fell, thereby weighing on the
indices. Further, concerns over global growth outlook and uncertainty
ahead of 2019 general elections in India led to volatility. Fall in Nikkei
India Manufacturing Purchasing Managers' Index in Dec 2018 and
weakness in rupee added to the woes.
• Additionally, weak global cues amid ongoing U.S. government
shutdown and disappointing China’s manufacturing data muted buying
interest. Investors remained cautious ahead of the corporate earnings
that is set to begin in the week ending Jan 11, 2019.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 1.00% and
1.08% to close at 35,891.52 and 10,792.50, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap fell 1.26% and 0.74%, respectively.
• The overall market breadth on BSE was weak with 1,637 scrips
declining and 923 scrips advancing. A total of 157 scrips remained
unchanged.
• The Nikkei India Manufacturing Purchasing Managers' Index (PMI)
came in at 53.2 in Dec 2018 as against 54.0 in Nov 2018. Though the
score eased as against Nov 2018, the rise in production was among the
quickest witnessed in 2018. The decline reflects moderated growth in
new orders and output.
• The finance ministry announced that the Goods and Services Tax (GST)
collection fell to Rs. 94,726 crore in Dec 2018 as against collection of Rs.
97,637 crore in Nov 2018. However, it stated that the compliance
improved as the total number of sales returns or GSTR-3B filed in Dec
2018 came in at 72.44 lakh, as against 69.6 lakh filed in Nov 2018. Also,
the finance ministry stated that the government has settled Rs. 18,409
crore to Central GST and Rs. 14,793 crore to State GST from Integrated
GST.
• The Securities and Exchange Board of India (SEBI) announced that it
has decided to implement mandatory physical settlement for all stock
derivatives by Oct 2019. The market regulator stated that beginning Apr
2019, the new system will be implemented in three phases. According to
SEBI, the stocks that are currently being cash settled, shall be ranked in
descending order based on average daily market capitalisation of the
company during Dec 2018. By Apr 2019, bottom 50 companies will be
moved to mandatory physical settlement, followed by the next 50
bottom companies which will be moved by Jul 2019 and the remaining
stocks will be moved to physical settlement by Oct 2019.
• The Confederation of All India Traders (CAIT) has asked the Centre to
simplify the procedures of GST in 2019. It stated that if the procedures
were made simple, half of the seven crore small businesses can be
brought under the indirect tax regime.
• The finance ministry announced that the direct tax-to-GDP ratio came
in 5.98% as against 5.57% in FY17 and 5.47% in FY16. This GDP ratio
marked to be the best in 10 years. Also, the ministry stated that the
demonetisation was done to move the country from being tax non-
compliant to tax compliant and the impact is visible on collection of
personal income tax.
Markets for You
• Asian markets remained under pressure amid persisting concerns over
partial U.S. government shutdown. Investor sentiments soured after final
reading of a private survey showed that China's manufacturing sector
contracted for the first time in 19 months in Dec 2018 due to ongoing
trade friction with the U.S. Today (as of Jan 3), Asian markets opened
lower after a major tech company warned that its first quarter sales
would come in lower than previously expected. Hangseng fell 0.20% (as
at 8.a.m. IST). Nikkei remained closed.
• As per the last close, European markets closed on a mixed note.
Concerns over ongoing U.S. government shutdown and China’s weak
manufacturing data for Dec 2018 weighed on the indices. However,
rebound in crude oil prices restricted the losses.
• As per the last close, U.S markets closed almost higher after a volatile
session as weak Chinese manufacturing activity in Dec 2018 kept
investors wary. Selling pressure faded as investors picked up stocks at
reduced levels following steep losses in 2018. Gains in information
technology, banking and energy stocks helped boost the indices.
FII Derivative Trade Statistics 02-Jan
(Rs Cr) Buy
Sell Open Int.
Index Futures 825.14 1301.13 24964.97
Index Options 36084.38 35681.08 40745.08
Stock Futures 3951.31 4034.72 79274.68
Stock Options 2175.71 2103.35 3203.14
Total 43036.54 43120.28 148187.87
02-Jan Prev_Day
Change
Put Call Ratio (OI) 1.53 1.47 0.06
Indian Debt Market
Put Call Ratio(Vol) 0.96 0.85 0.11
02-Jan Wk. Ago Mth. Ago
Year Ago
Call Rate 6.33% 6.57% 6.41% 5.87%
T-Repo 6.21% 6.56% 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 6.59% 6.67% 6.77% 6.11%
364 Day T-Bill 6.91% 6.93% 7.19% 6.29%
10 Year Gilt 7.35% 7.26% 7.61% 7.38%
G-Sec Vol. (Rs.Cr) 44742 39171 38079 23331
Currency Market Update
FBIL MIBOR* 6.50% 6.65% 6.55% 6.00%
3 Month CP Rate 7.80% 7.30% 7.75% 7.23%
5 Year Corp Bond 8.28% 8.19% 8.43% 8.02%
1 Month CD Rate 6.80% 7.18% 6.65% 6.21%
3 Month CD Rate 7.47% 7.16% 7.24% 6.61%
1 Year CD Rate 8.24% 8.05% 8.48% 7.01%
Commodity Market Update
Currency 01-Jan Prev_Day
Change
USD/INR 69.61 69.71 -0.15
GBP/INR 88.83 88.97 -0.17
EURO/INR 79.96 79.93 0.04
International News
JPY/INR 0.64 0.64 0.28
Commodity 02-Jan Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 46.26 45.99 50.73 60.32
Brent Crude($/bl) 53.95 51.87 57.55 66.99
Gold( $/oz) 1285 1267 1222 1318
Gold(Rs./10 gm) 31792 31452 30240 29374
Source: Thomson Reuters Eikon
*
As on 01-Jan-19
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
03 January 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Jan 2019 settled at 10,830.85, a premium of 38.35 points, over
the spot closing of 10,792.50. The turnover on NSE’s Futures and
Options segment rose to Rs. 5,67,285.76 crore on Jan 2, 2019, compared
with Rs. 5,67,489.25 crore on Jan 1.
• The Nifty Put-Call ratio stood at 1.53.
• India VIX increased 7.19% to 16.4275 compared with 15.3250 at the
previous trading session.
• Open interest on Nifty Futures stood at 24.95 million as against the
previous session’s close at 24.00 million.
• Bond yields declined as investors resorted to value buying. In addition,
the bond market sentiment remained upbeat ahead of the central
bank’s scheduled note purchase programme under open market
operation.
• Yield on the 10-year benchmark paper (7.17% GS 2028) declined 7 bps
to close at 7.35% as compared with 7.42% in the previous session after
trading in the range of 7.34% to 7.41%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,401 crore (gross) on Jan 2, 2019 compared
with a borrowing of Rs. 3,844 crore (gross) on Jan 1, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window
stood at Rs. 69,257 crore on Jan 1, 2019.
• Banks borrowed Rs. 572 crore under the central bank’s Marginal
Standing Facility on Jan 1, 2019 compared with borrowing of Rs. 5,735
crore Dec 31, 2018.
• The Indian rupee weakened against the greenback as the domestic
equity market plunged following weak Chinese date. The drop in
Caixin/Markit Manufacturing PMI below the 50-mark dampened market
sentiment. The rupee closed at 70.17 a dollar, down 1.04% compared
with the previous close of 69.45.
• The euro declined against the greenback as lower than expected
economic growth and inflation rate in the eurozone hurt investor
sentiment.
• Gold prices traded higher as the safe-haven appeal of the greenback
was dented by speculations over the U.S. Federal Reserve’s stance of
interest rate hikes in 2019.
• Brent crude prices continued to remain weak amid global growth
uncertainty and oversupply concerns.
• A report from the IHS Markit showed that CIPS U.K. manufacturing
Purchasing Managers' Index (PMI) grew to 54.2 in Dec 2018 as against
53.6 in Nov 2018. This marked the fastest pace of growth in 6 months.
• A preliminary report from the Federal Statistical Office showed that
Germanys’ number of employed persons grew by 562,000 or 1.3% to an
annual average 44.8 million in 2018, thereby marking a record high.
• A report from the IHS Markit showed that Spain’s IHS Markit factory
PMI fell to 51.1 in Dec 2018 as against 52.6 in Nov 2018. This marked the
slowest pace since mid-2016 due to economic instability and ongoing
weakness in the automobile industry.
Markets for You
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