04 Jan 2019
Markets for You
Global Indices
Global Indices 03-Jan Prev_Day Abs. Change
% Change
Dow Jones 22,686 23,346 -660 -2.83
Nasdaq 6,464 6,666 -202 -3.04
FTSE 6,693 6,734 -42 -0.62
Nikkei Closed Closed NA NA
Hang Seng 25,064 25,130 -66 -0.26
Indian Indices 03-Jan Prev_Day Abs. Change
% Change
S&P BSE Sensex 35,514 35,892 -378 -1.05
Nifty 50 10,672 10,793 -120 -1.11
Nifty 100 10,915 11,032 -117 -1.06
Nifty Bank 26,960 27,175 -215 -0.79
SGX Nifty 10,725 10,967 -242 -2.21
S&P BSE Power 1,947 1,974 -27 -1.37
S&P BSE Small Cap 14,573 14,658 -86 -0.58
S&P BSE HC 13,742 13,886 -143 -1.03
Date P/E Div. Yield P/E Div. Yield
3-Jan 23.03 1.19 25.71 1.26
Month Ago 23.56 1.21 26.33 1.22
Year Ago 25.08 1.13 26.70 1.09
Nifty 50 Top 3 Gainers
Company 03-Jan Prev_Day
% Change
Bharti Infratel 272 264 2.78
Asian Paints 1388 1383 0.36
Bajaj Auto 2701 2692 0.35
Nifty 50 Top 3 Losers Domestic News
Company 03-Jan Prev_Day
% Change
Eicher Motors 20211 21162 -4.49
Indian Oil 133 137 -3.35
HPCL 248 257 -3.22
Advance Decline Ratio
Advances 921 569
Declines 1656 1199
Unchanged 149 110
Institutional Flows (Equity)
Description (Cr)
FII Flows* -965
MF Flows** 732
Jan 2019; **2
Jan 2019
Economic Indicator
YoY(%) Current Year Ago
04 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 lost on account of weakness in Asian peers and
investor cautiousness ahead of corporate earnings. Companies are slated
to release their third-quarter earnings from the second week of Jan 2019.
Markets in Asia were burdened by the revised earnings estimate of a
global technology major and political instability in the U.S.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 1.05% and
1.11% to close at 35,513.71 and 10,672.25, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap lost 1.03% and 0.58%, respectively.
The overall market breadth on BSE was weak with 1,656 scrips declining
and 921 scrips advancing. A total of 149 scrips remained unchanged.
On the BSE sectoral front, all the sectors except S&P BSE Telecom
(0.57%) and S&P BSE Fast Moving Consumer Goods (0.07%) lost. S&P BSE
Metal was the major loser, down 2.35%, followed by S&P BSE Oil & Gas
and S&P BSE Basic Materials, down 1.75% and 1.66%, respectively. S&P
BSE Capital Goods and S&P BSE Energy lost 1.63% and 1.52%,
According to data from the Centre for Monitoring Indian Economy
(CMIE), investments in the Dec quarter fell to a 14-year-low. Indian
companies announced new projects worth Rs. 1 trillion in the quarter,
which is 53% lower than what was announced in the Sep quarter, and
55% lower than the year-ago period. There was a sharp decline in new
project announcements by the private sector. New private sector projects
fell 62% in the Dec quarter compared with the Sep quarter, and 64%
compared with the year-ago period. New public sector projects also
decreased against the Sep quarter of FY19. Fresh investment
announcements in the public sector decreased 37% QoQ and 41% YoY to
Rs. 50,604 crore, which is the lowest level since Dec 2004. All major
sectors witnessed fall in fresh investments with the exception of the
construction sector, which had a low base and saw only a marginal
Interest rate on post office time deposit schemes have been revised by
the government. The rates remain the same on other small savings
schemes like Public Provident Fund, Sukanya Samriddhi account and
Senior Citizen Savings schemes. Interest rate on 1-year post office time
deposit have been increased to 7% (compounding quarterly) for the Jan-
Mar 2019 quarter from 6.9% in the previous quarter. The rate on the 3-
year deposit has been lowered to 7% from 7.2%.
The National Highways Authority of India (NHAI) plans to raise Rs.
10,000 crore via Bharatmala Taxable Bonds in 2018-19. The government
has approved NHAI raising of Rs. 62,000 crore in 2018-19.
India will not impose anti-dumping duty on coated paper from China,
European Union and the U.S. This has happened after the commerce
ministry's investigation arm Directorate General of Trade Remedies did
not find any impact on the domestic industry because of the alleged
dumped imports.
Markets for You
Asian equity markets were mostly lower as an unexpected earnings
revision by a global tech major sent investors scurrying for less risky
assets. This is the first time in 12 years that the tech major has
downgraded its revenue forecast as it sees weaker sales of its flagship
mobile in China. This added to investor concern of a slowing global
economy. Today (as of Jan 4), Asian markets opened lower following
sharp decline in the U.S. Wall Street. Both Nikkei and Hangseng were
trading down 3.71% and 0.09%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed lower on global growth
concerns after a U.S. Technology major lowered its forecast for first
quarter due to economic weakness in some emerging markets.
Disappointing U.S. manufacturing data for Dec 2018 added to the losses.
As per the last close, U.S markets closed on a lower note after a U.S.
Technology major downwardly revised its revenue guidance for first
quarter owing to economic weakness in some emerging markets. Weak
U.S. manufacturing data for Dec 2018 also weighed on the market
FII Derivative Trade Statistics 03-Jan
(Rs Cr) Buy
Sell Open Int.
Index Futures 3753.34 4570.43 26870.00
Index Options 142014.11 141933.40 43081.61
Stock Futures 12988.57 13959.07 79296.25
Stock Options 6368.68 6274.82 4486.31
Total 165124.70 166737.72 153734.17
03-Jan Prev_Day
Put Call Ratio (OI) 1.34 1.47 -0.14
Indian Debt Market
Put Call Ratio(Vol) 0.84 0.85 -0.01
03-Jan Wk. Ago Mth. Ago
Year Ago
Call Rate 6.31% 6.58% 6.33% 5.84%
T-Repo 6.24% 6.60% 6.25% --
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% 6.66% 6.70% 6.11%
364 Day T-Bill 6.87% 6.92% 7.19% 6.46%
10 Year Gilt 7.43% 7.28% 7.63% 7.32%
G-Sec Vol. (Rs.Cr) 37998 31874 40281 41316
Currency Market Update
FBIL MIBOR* 6.50% 6.65% 6.50% 5.99%
3 Month CP Rate 7.85% 7.25% 7.75% 7.23%
5 Year Corp Bond 8.35% 8.24% 8.53% 8.00%
1 Month CD Rate 6.80% 7.07% 6.69% 6.22%
3 Month CD Rate 7.37% 7.07% 7.27% 6.60%
1 Year CD Rate 8.23% 8.06% 8.48% 7.04%
Commodity Market Update
Currency 03-Jan Prev_Day
USD/INR 70.36 69.61 0.75
GBP/INR 88.28 88.83 -0.55
EURO/INR 79.92 79.96 -0.04
International News
JPY/INR 0.66 0.64 0.02
Commodity 03-Jan Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 46.87 44.43 52.93 61.56
Brent Crude($/bl) 53.12 51.43 60.01 68.24
Gold( $/oz) 1294 1275 1231 1313
Gold(Rs./10 gm) 31883 31513 30664 29434
Source: Thomson Reuters Eikon
* As on Jan-2-2019
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
04 January 2019
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Jan 2019 settled at 10,718.50, a premium of 46.25 points, over
the spot closing of 10,672.25. The turnover on NSE’s Futures and Options
segment rose to Rs. 18,81,982.17 crore on Jan 3, 2019, compared with
Rs. 5,67,285.76 crore on Jan 2.
The Put-Call ratio stood at 0.75.
The Nifty Put-Call ratio stood at 1.34 compared with the previous
session’s close of 1.47.
India VIX increased 2.45% to 16.7900 compared with 16.3875 at the
previous trading session.
Open interest on Nifty Futures stood at 26.15 million as against the
previous session’s close at 24.95 million.
Bond yields rose on fears of widening fiscal deficit, which dampened
investor sentiment. The depreciation of rupee also triggered the yield to
end higher.
Yield on the 10-year benchmark paper (7.17% GS 2028) increased 8 bps
to close at 7.43% as compared with 7.35% in the previous session after
trading in the range of 7.38% to 7.43%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,661 crore (gross) on Jan 3, 2019 compared
with a borrowing of Rs. 3,401 crore (gross) on Jan 2, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 39,348 crore on Jan 2, 2019.
Banks borrowed Rs. 60 crore under the central bank’s Marginal
Standing Facility on Jan 2, 2019 compared with borrowing of Rs. 572
crore Jan 1, 2019.
The Indian rupee was steady against the greenback as weak global cues
that weighed down on investors’ risk appetite were more than
compensated after foreign banks increased dollar sales. The rupee
closed at 70.15 a dollar, up 0.03% compared with the previous close of
The euro edged higher as the greenback came under the pressure due
to concerns over U.S. economic growth and the Federal Reserve’s policy
stance on slowing the pace of interest rate hikes.
Gold prices traded higher on signs of weak Chinese economy, concerns
over Brexit and U.S.-China trade dispute.
Brent crude prices slumped on signs of weak Chinese economy and
disturbance in the global equity and currency markets.
According to a report from the IHS Markit U.K. CIPS Purchasing
Managers' Index (PMI) fell to 52.8 in Dec 2018 from 53.4 in Nov 2018.
This marked the weakest growth in three months due to slower rise in
commercial work. New order growth was subdued in Dec 2018, thereby
resulting in softer output growth.
A report from the IHS Markit showed that China’s headline Caixin
Factory PMI (seasonally adjusted) declined to 49.7 in Dec 2018 from 50.2
in Nov 2018. The total new work witnessed decline for the first time
since Jun 2016. Meanwhile, new export business fell for the ninth
consecutive month, though at a softer pace.
Markets for You
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