07 Jan 2019
Markets for You
Global Indices
Global Indices 04-Jan Prev_Day Abs. Change
% Change
Dow Jones 23,433 22,686 747 3.29
Nasdaq 6,739 6,464 275 4.26
FTSE 6,837 6,693 145 2.16
Nikkei 19,562 Closed NA NA
Hang Seng 25,626 25,064 562 2.24
Indian Indices 04-Jan Prev_Day Abs. Change
% Change
S&P BSE Sensex 35,695 35,514 181 0.51
Nifty 50 10,727 10,672 55 0.52
Nifty 100 10,966 10,915 51 0.47
Nifty Bank 27,195 26,960 235 0.87
SGX Nifty 10,804 10,725 79 0.74
S&P BSE Power 1,966 1,947 19 0.97
S&P BSE Small Cap 14,592 14,573 20 0.14
S&P BSE HC 13,823 13,742 80 0.59
Date P/E Div. Yield P/E Div. Yield
4-Jan 23.43 1.17 25.84 1.26
Month Ago 23.39 1.22 26.30 1.22
Year Ago 25.25 1.12 26.86 1.08
Nifty 50 Top 3 Gainers
Company 04-Jan Prev_Day
% Change
Bharti Infratel 285 272 4.95
Yes Bank 190 184 3.01
Tata Motors 171 166 2.95
Nifty 50 Top 3 Losers Domestic News
Company 04-Jan Prev_Day
% Change
HCL Tech 932 948 -1.69
Tech Mahindra 681 691 -1.47
TCS 1877 1900 -1.22
Advance Decline Ratio
Advances 1288 883
Declines 1319 893
Unchanged 158 112
Institutional Flows (Equity)
Description (Cr)
FII Flows* -2023
MF Flows** 1171
Jan 2019; **3
Jan 2019
Economic Indicator
YoY(%) Current Year Ago
07 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 ended the week in the green as global cues came
in positive and the rupee strengthened against the U.S dollar. The gains
were limited by an anxious lot of investors as companies are going to
start reporting their earnings in the coming week.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.51% and
0.52% to close at 35,695.10 and 10,727.35, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap gained 0.48% and 0.14%, respectively.
The overall market breadth on BSE was weak with 1,319 scrips
declining and 1,288 scrips advancing. A total of 158 scrips remained
On the BSE sectoral front, S&P BSE Telecom was the major gainer, up
2.73%, followed by S&P BSE Metal and S&P BSE Basic Utilities, up 1.44%
and 1.03%, respectively. S&P BSE Finance and S&P BSE Power gained
0.97% each. S&P BSE Information Technology was the major loser, down
1.15%, followed by S&P BSE Teck and S&P BSE Consumer Durables, down
0.58% and 0.19%, respectively. A strengthening rupee is putting pressure
on IT companies since they drive a majority of their revenues from
The Nikkei India Services Purchasing Managers' Index (PMI) fell to 53.2
in Dec 2018 from 53.7 in Nov 2018. The downside reflects moderated
pace of new work orders and business activity compared with Nov,
though job creation saw a significant uptick. Seasonally adjusted Nikkei
India Composite PMI Output Index fell to 53.6 in Dec 2018 as against
54.5 in Nov 2018 because of weaker rise in private sector output.
A parliamentary committee has asked the Reserve Bank of India (RBI)
to ease capital adequacy rules for banks and review supervisory Prompt
Corrective Action (PCA) framework. The panel has requested the
government to set up a committee to look into issues concerning
accountability of RBI as a regulator. The standing committee on finance
has asked the central bank to evaluate the efficacy of its own guidelines
on dealing with frauds. The committee suggested increasing the
retirement of age of chiefs of public sector banks to 70 years and effect
proper manpower planning and HR development strategies.
A major global rating and research agency has said RBI’s decision to
allow a one-time restructuring of some loans to micro, small and
medium enterprises (MSMEs) will foster indiscipline among borrowers.
The relief to small businesses was the new RBI governor’s first big policy
step after taking seat.
Economic affairs secretary has said the government has not yet
decided on further printing of Rs. 2,000 notes as there are more than
adequate notes of this denomination in the system. Printing of notes is
planned as per requirement, he said. The Rs. 2,000 notes constitute 35%
by value of the total circulation.
The Goods and Services Tax (GST) anti-profiteering authority has issued
orders against nine businesses. These businesses were found to have not
passed on rate cut benefits of Rs. 559.88 crore to borrowers. Minister of
State for Finance said the GST Council has recommended goods and
services tax rate reduction in respect of 400 groups of goods and 96
groups of services.
Asian equity markets were mostly high with the exception of Japan.
Investor sentiment was buoyed by strong Chinese services data and
progress on U.S.-China trade front. The two countries have decided to
hold vice-ministerial level trade talks in Beijing on Jan 7-8. Japan fell as
yen strengthened against the U.S. dollar. Today (as of Jan 7), Asian
markets opened higher as investor sentiment slightly boosted ahead of a
round of trade negotiations between U.S and China. Nikkei and Hangseng
grew 3.23% and 1.14%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed higher following strong
U.S. nonfarm payrolls and six-month high China's service sector growth
data for Dec 2018. Also, statement from the China’s commerce ministry
that the U.S. and China would hold trade talks on Jan 7-8 boosted market
As per the last close, U.S markets closed almost higher following strong
job growth data in Dec 2018. Comments from the U.S. Federal Reserve
Chairman that central bank could pause its rate hikes and there is no
preset path for policy boosted investor sentiment.
Markets for You
FII Derivative Trade Statistics 04-Jan
(Rs Cr) Buy
Sell Open Int.
Index Futures 2852.03 3329.04 28118.97
Index Options 156098.00 154396.04 45362.19
Stock Futures 11042.05 11955.46 79360.82
Stock Options 5219.46 5079.06 5403.88
Total 175211.54 174759.60 158245.86
04-Jan Prev_Day
Put Call Ratio (OI) 1.34 1.34 0.01
Indian Debt Market
Put Call Ratio(Vol) 0.76 0.84 -0.08
04-Jan Wk. Ago Mth. Ago
Year Ago
Call Rate 6.31% 6.57% 6.35% 5.81%
T-Repo 6.23% 6.52% 6.30% --
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.58% 6.52% 6.70% 6.11%
364 Day T-Bill 6.85% 6.93% 7.18% 6.47%
10 Year Gilt 7.45% 7.39% 7.57% 7.33%
G-Sec Vol. (Rs.Cr) 34618 29338 50826 25971
Currency Market Update
FBIL MIBOR 6.46% 6.68% 6.47% 5.95%
3 Month CP Rate 7.85% 7.25% 7.55% 7.19%
5 Year Corp Bond 8.38% 8.26% 8.48% 8.02%
1 Month CD Rate 6.73% 7.09% 6.61% 6.21%
3 Month CD Rate 7.49% 7.01% 7.37% 6.75%
1 Year CD Rate 8.16% 8.05% 8.27% 7.12%
Commodity Market Update
Currency 04-Jan Prev_Day
USD/INR 69.87 70.36 -0.50
GBP/INR 88.26 88.28 -0.02
EURO/INR 79.57 79.92 -0.35
International News
JPY/INR 0.65 0.66 -0.01
Commodity 04-Jan Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 47.71 45.10 53.16 61.93
Brent Crude($/bl) 55.23 50.51 61.24 69.22
Gold( $/oz) 1285 1281 1238 1323
Gold(Rs./10 gm) 31769 31547 30945 29341
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
07 January 2019
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Jan 2019 Futures were at 10,777.60, a premium of 50.25 points,
over the spot closing of 10,727.35. The turnover on NSE’s Futures and
Options segment declined to Rs. 6,87,035.88 crore on Jan 4, 2019,
compared with Rs. 18,81,982.17 crore on Jan 3.
The Put-Call ratio stood at 0.84 compared with the previous session’s
close of 0.75.
The Nifty Put-Call ratio stood at 1.34, unchanged from the previous
session’s close.
Open interest on Nifty Futures stood at 26.43 million as against the
previous session’s close at 26.15 million.
Bond yields rose on fears of widening fiscal deficit, which dampened
the bond market sentiment. In addition, the steep rise in crude oil prices
also triggered the yield to end higher.
Yield on the 10-year benchmark paper (7.17% GS 2028) increased 2
bps to close at 7.45% as compared with 7.43% in the previous session
after trading in the range of 7.40% to 7.47%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,082 crore (gross) on Jan 4, 2019 compared
with a borrowing of Rs. 3,661 crore (gross) on Jan 3, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window
stood at Rs. 25,664 crore on Jan 3, 2019.
Banks did not borrow under the central bank’s Marginal Standing
Facility on Jan 3, 2019 compared with borrowing of Rs. 60 crore on Jan
2, 2019.
The Indian rupee strengthened on dollar weakness. The greenback is
reeling under the pressure of concerns over U.S. economic growth and
the Federal Reserve’s policy stance on interest rate hikes. The rupee
closed at 69.72 a dollar, up 0.67% compared with the previous close of
The euro continued to gain as anticipation of weak U.S. factory activity
and concerns over the Federal Reserve’s policy stance on slowing the
pace of interest rate hikes weighed down on the greenback.
Gold prices tumbled on signs of easing trade tension between U.S. and
China as the two economies scheduled to hold trade talks for resolving
Brent crude prices rebound on signs of easing global growth worries.
According to the Labor Department, non-farm payroll employment
soared by 312,000 jobs in Dec 2018 after climbing by 176,000 jobs in
Nov 2018.
IHS Markit data showed British services sector expanded at a faster
than expected pace at the end of 2018. This happened as modest gains
were seen in activity and demand. The CIPS U.K. Services PMI increased
to 51.2 from 50.4 in Nov 2018, which is a 28-month low.
Nikkei data showed Japan’s manufacturing sector continued to expand
in Dec 2018 at a faster rate. The PMI score came in at 52.6, up from the
15-month low of 52.2 in Nov 2018.
Markets for You
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