08 Jan 2019
Markets for You
Global Indices
Global Indices 07-Jan Prev_Day Abs. Change
% Change
#
Dow Jones 23,531 23,433 98 0.42
Nasdaq 6,823 6,739 85 1.26
FTSE 6,811 6,837 -27 -0.39
Nikkei 20,039 19,562 477 2.44
Hang Seng 25,836 25,626 210 0.82
Indian Indices 07-Jan Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,850 35,695 155 0.43
Nifty 50 10,772 10,727 44 0.41
Nifty 100 11,005 10,966 39 0.36
Nifty Bank 27,305 27,195 110 0.40
SGX Nifty 10,819 10,804 15 0.13
S&P BSE Power 1,986 1,966 20 1.03
S&P BSE Small Cap 14,601 14,592 9 0.06
S&P BSE HC 13,769 13,823 -54 -0.39
Date P/E Div. Yield P/E Div. Yield
7-Jan 23.39 1.17 25.95 1.25
Month Ago 23.31 1.22 25.87 1.24
Year Ago 25.40 1.12 26.99 1.07
Nifty 50 Top 3 Gainers
Company 07-Jan Prev_Day
% Change
#
Bharti Infratel 294 285 3.05
Axis Bank 637 620 2.88
Tata Motors 175 171 2.57
Nifty 50 Top 3 Losers Domestic News
Company 07-Jan Prev_Day
% Change
#
Indiabulls HFC 794 830 -4.33
Bajaj Auto 2659 2734 -2.77
Dr.Reddy 2559 2600 -1.59
Advance Decline Ratio
BSE NSE
Advances 1319 921
Declines 1291 897
Unchanged 194 110
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -2433
MF Flows** 1656
*7
th
Jan 2019; **4
th
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)
08 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
480
-410
4.17%
(Jul-18)
• Indian equity markets closed on a higher note following gains in real
estate stocks on hopes of cut in the goods and services tax (GST) rate for
under-construction and finished houses to 5%. Further, gains in oil & gas
stocks after an oil major announced that its subsidiary has made a
significant discovery of oil in its onshore block CPO-5, Colombia, in Llanos
Basin boosted the indices.
• Gains in Asian peers amid rising optimism ahead of fresh round of
discussions between the U.S. and China to resolve trade disputes also
helped boost investor sentiment. However, investors traded cautiously
ahead of the quarterly results beginning in the week ended Jan 11, 2019.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.43% and
0.41% to close at 35,850.16 and 10,771.80, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap rose 0.03% and 0.06%, respectively.
• On the BSE sectoral front, S&P BSE Realty stood as the major gainer, up
1.55% followed by S&P BSE Telecom and S&P BSE Teck that grew 1.26%
and 1.16%, respectively. S&P BSE Utilities and S&P BSE information
technology grew 1.14% and 1.11%, respectively. S&P BSE Healthcare
stood as the major loser, down 0.39%, followed by S&P BSE Metal.
• Reserve Bank of India’s (RBI) governor has said that the bank will take
steps if there is a shortage of liquidity in the economy. He added that the
current cash needs are largely met. The governor will be meeting
representatives of non-banking financial companies (NBFCs) on Jan 8,
2019, in Mumbai to understand the liquidity crunch faced by the sector.
• Direct tax mop-up increased 14.1% to Rs. 8.74 lakh crore during Apr-
Dec 2018, the finance ministry said. Refunds amounting to Rs. 1.30 lakh
crore have been issued during Apr-Dec 2018, 17% higher than refunds
issued in the year-ago period. The amount collected as advance tax is as
much as Rs. 3.64 lakh crore, 14.5% higher than the advance tax
collections in the year-ago period. Net collections (after adjusting for
refunds) have increased 13.6% to Rs. 7.43 lakh crore during Apr-Dec
2018. Net direct tax collections represent 64.7% of the total budget
estimates of direct taxes for financial year 2018-19 compared with Rs.
11.50 lakh crore in the year-ago period. Gross collections for corporate
tax is 14.8% and for personal income tax is 17.2%.
• Oil and Natural Gas Corporation (ONGC) announced that it will make
investment of Rs. 6,000 crore in drilling 200 wells over a period of seven
years in Assam. This is expected to increase the output from the State.
• According to the media reports, IL&FS Transportation Networks, a
group company of the IL&FS group, announced that it has defaulted on
dividend payment of Rs. 7.12 crore. The dividend was due for the period
Apr 1, 2017 to Dec 23, 2018 on redemption of cumulative non-
convertible redeemable preference shares.
• Essar Global Fund, the holding company of the Essar Group of
companies announced that with repayment of its last debt tranche of Rs.
12,000 crore, it has completed the total debt repayment of Rs. 42,000
crore which was spread over two years.
Markets for You
• Asian equity markets started the week with gains as positive
developments were seen around U.S.-China trade talks. U.S. President
has said talks with China are on a strong footing. Also, strong U.S. jobs
data and U.S. Federal Reserve chairman’s recent comments that the
central bank will be patient and flexible while taking policy decisions
added to the gains. Today (as of Jan 8), Asian markets opened higher
amid optimism over U.S China trade talks. Both Nikkei and Hangseng
were trading up 0.40% and 0.07%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed lower as investors were
cautious ahead of high-level trade talks between the U.S. and China. The
continued partial shutdown of the U.S. government also weighed on
investor sentiment.
• As per the last close, U.S markets closed higher following optimism
about high-level trade talks between the U.S. and China and rise in crude
oil prices. However, slowdown in the growth of U.S. service activity in Dec
2018 capped the gains.
FII Derivative Trade Statistics 07-Jan
(Rs Cr) Buy
Sell Open Int.
Index Futures 2873.56 3224.64 29036.64
Index Options 87925.33 88587.35 48356.81
Stock Futures 12590.23 12444.93 80762.53
Stock Options 6116.74 5985.24 6160.94
Total 109505.86 110242.16 164316.92
07-Jan Prev_Day
Change
Put Call Ratio (OI) 1.36 1.34 0.02
Indian Debt Market
Put Call Ratio(Vol) 0.80 0.76 0.04
07-Jan Wk. Ago Mth. Ago
Year Ago
Call Rate 6.38% 6.53% 6.41% 5.88%
T-Repo 6.34% 6.35% 6.44% --
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.60% 6.60% 6.67% 6.13%
364 Day T-Bill 6.88% 6.92% 7.01% 6.47%
10 Year Gilt 7.51% 7.37% 7.46% 7.17%
G-Sec Vol. (Rs.Cr) 38657 32827 39650 52738
Currency Market Update
FBIL MIBOR* 6.46% 6.73% 6.48% 5.98%
3 Month CP Rate 7.80% 7.20% 7.35% 7.24%
5 Year Corp Bond 8.44% 8.25% 8.37% 7.95%
1 Month CD Rate 6.69% 6.99% 6.68% 6.20%
3 Month CD Rate 7.24% 6.90% 7.23% 6.77%
1 Year CD Rate 8.18% 7.96% 8.17% 7.10%
Commodity Market Update
Currency 07-Jan Prev_Day
Change
USD/INR 69.48 69.87 -0.38
GBP/INR 88.59 88.26 0.33
EURO/INR 79.39 79.57 -0.18
International News
JPY/INR 0.64 0.65 0.00
Commodity 07-Jan Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 48.22 45.10 52.71 61.44
Brent Crude($/bl) 56.69 50.51 61.73 68.50
Gold( $/oz) 1289 1283 1248 1320
Gold(Rs./10 gm) 31764 31566 31050 29443
Source: Thomson Reuters Eikon
*As on 04-01-19
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
08 January 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Jan 2019 Futures were at 10,803.45, a premium of 26.85 points,
over the spot closing of 10,776.60. The turnover on NSE’s Futures and
Options segment declined to Rs. 5,40,742.44 crore on Jan
7, 2019
• The Nifty Put-Call ratio stood at 1.36 compared with the previous
session’s close of 1.34.
• India VIX increased 0.13% to 16.1850 compared with 16.1625 at the
previous trading session.
• Open interest on Nifty Futures stood at 26.26 million as against the
previous session’s close at 26.43 million.
• Bond yields continued to rise on concerns over rising fiscal deficit amid
increasing crude oil prices and an uptick in U.S. yield.
• Yield on the 10-year benchmark paper (7.17% GS 2028) increased 6 bps
to close at 7.51% as compared with 7.45% in the previous session after
trading in the range of 7.43% to 7.52%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 5,012 crore (gross) on Jan 7, 2019 compared
with a borrowing of Rs. 3,082 crore (gross) on Jan 4, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 25,540 crore on Jan 4, 2019.
• Banks borrowed Rs. 310 crore under the central bank’s Marginal
Standing Facility on Jan 4, 2019 compared with no borrowing on Jan 3,
2019.
• The Indian rupee continued to gain from dollar weakness as the latter
reels under the pressure of the Federal Reserve’s policy stance on
interest rate hikes. The rupee closed at 69.68 a dollar, up 0.06%
compared with the previous close of 69.72.
• The euro continued to surge on dollar weakness with rising
speculations on the slowing pace of interest rate hikes in 2019. The euro
was last seen trading at 1.1437 a dollar, up 0.39% compared with the
previous close of 1.1393.
• Gold prices rises on dollar weakness amid Federal Reserve’s monetary
policy that indicates slowdown in pace of interest rate hikes in 2019.
• Brent crude prices edged higher on alleviating global growth worries
and easing concerns regarding the demand outlook for oil.
• According to data from Sentix, eurozone’s investor confidence index
fell for fifth consecutive month to -1.5 for Jan 2019 from -0.3 for Dec
2018. The decline was however less severe than expected.
• According to a preliminary data from Destatis, Germany’s retail sales
rose 1.4% MoM in Nov 2018 as against 0.1% rise in Oct 2018. On yearly
basis, retail sales grew 1.1% in Nov following 5.2% rise in Oct.
• According to preliminary data from Destatis, Germany’s factory orders
decreased for the first time in four months by 1% MoM on Nov 2018 as
against 0.2% rise in Oct 2018. Orders for manufacture of intermediate
goods and consumer goods decreased 4.4% and 3.2%, respectively, while
increased 1.4% for capital goods in Nov.
Markets for You
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