09 Jan 2019
Markets for You
Global Indices
Global Indices 08-Jan Prev_Day Abs. Change
% Change
#
Dow Jones 23,787 23,531 256 1.09
Nasdaq 6,897 6,823 74 1.08
FTSE 6,862 6,811 51 0.74
Nikkei 20,204 20,039 165 0.82
Hang Seng 25,875 25,836 40 0.15
Indian Indices 08-Jan Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,981 35,850 131 0.36
Nifty 50 10,802 10,772 30 0.28
Nifty 100 11,031 11,005 26 0.24
Nifty Bank 27,510 27,305 205 0.75
SGX Nifty 10,850 10,819 31 0.29
S&P BSE Power 1,980 1,986 -6 -0.30
S&P BSE Small Cap 14,625 14,601 24 0.17
S&P BSE HC 13,904 13,769 135 0.98
Date P/E Div. Yield P/E Div. Yield
8-Jan 23.41 1.17 26.02 1.25
Month Ago 23.31 1.22 25.87 1.24
Year Ago 25.37 1.12 27.16 1.07
Nifty 50 Top 3 Gainers
Company 08-Jan Prev_Day
% Change
#
Sun Pharma 448 431 4.00
ICICI Bank 380 368 3.39
SBI 305 296 3.04
Nifty 50 Top 3 Losers Domestic News
Company 08-Jan Prev_Day
% Change
#
Zee Ente. 452 463 -2.44
United Phos 752 764 -1.51
Kotak Bank 1229 1247 -1.42
Advance Decline Ratio
BSE NSE
Advances 1247 871
Declines 1328 913
Unchanged 177 107
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -2128
MF Flows** 1601
*8
th
Jan 2019; **7
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)
09 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
-66
305
4.17%
(Jul-18)
• Indian equity markets closed with gains as U.S. and China’s trade talks
in Beijing seemed to be tugging along nicely. Investors are hoping for a
resolution to the long-drawn trade dispute between the two countries
that has been challenging world economic growth. On the domestic front,
investors are bracing themselves for the corporate earnings. The
consumer durables sector could have benefitted from a rise in
consumption demand in the quarter. Banks, especially public sector
banks, could do well as the non-performing assets problem seems to be
at bay.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.36% and
0.28% to close at 35,980.93 and 10,802.15, respectively. S&P BSE Mid-
Cap lost 0.16% and S&P BSE Small Cap rose 0.17%.
• The overall market breadth on BSE was weak with 1247 scrips
advancing and 1328 scrips declining. A total of 177 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Telecom stood as the major gainer,
up 1.34% followed by S&P BSE Bankex and S&P BSE Healthcare that grew
1.31% and 0.98%, respectively.
• Reserve Bank of India (RBI) data showed transactions through mobile
wallets declined marginally in Nov 2018 in terms of value and volume.
This has come after transactions through mobile wallets clocked a record
high in Oct 2018. Around 347.32 million transactions worth Rs. 16,108
crore took place in Nov compared with 368.45 million amounting to Rs.
18,786 crore in Oct 2018. While the transaction volume is 5.7% lower
MoM, the transaction value is 14% lower. The decline comes in the
backdrop of mobile wallet companies remaining shut out of Aadhaar-
based identification to sign up new customers in the past 2-3 months.
• A high-level committee led by a former Reserve Bank of India (RBI)
governor held its first meeting to decide on an appropriate size of
reserves that RBI should maintain and the dividend it should give to the
government. The six-member panel could submit its report in Apr, media
reports say. The panel has been entrusted with reviewing the best
practices followed by central banks worldwide. The panel will propose a
suitable profit distribution policy considering all the situations of RBI,
including holding more provisions than required.
• According to media reports, gold imports by India decreased by a fifth
in 2018 as high domestic prices deterred buyers and local stores
remained well-stocked. Overseas purchases came in at 762 metric tonne
in 2018, a 20% decline from the previous year, the report said.
• According to media reports, IndiGo, GoAir aircraft manufacturer Airbus
SA and engine maker Pratt & Whitney will meet Indian civil aviation
ministry officials to discuss issues with engines fitted to Airbus A320neo
planes. IndiGo and GoAir were forced to ground Airbus A320neo aircraft
on many occasions over the past year due to problems with the planes’
Pratt & Whitney engines.
• Reliance Jio has expressed difficulty in providing an undertaking to the
government to settle Reliance Communications’ (RCom) dues till it is
protected from RCom’s past liabilities by a bank guarantee. This type of
undertaking is mandatory under spectrum trading rules before the
government accords final approval for RCom’s asset sale to Reliance Jio.
Markets for You
• Asian equity markets were mixed although U.S.-China trade talks
seemed to be progressing well. The two countries held a second day of
meetings in Beijing. Investors are hoping this time the two nations will
come up with a solution to the problem and it would be a long term one.
Today (as of Jan 9), Asian markets opened higher amid optimism over U.S
China trade talks. Both Nikkei and Hangseng were trading up 0.88% and
1.40%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed higher in hopes for a
trade agreement between the U.S. and China.
• As per the last close, U.S markets closed higher following optimism
about trade talks between the U.S. and China amid a second day of
meetings between U.S. and Chinese officials.
FII Derivative Trade Statistics 08-Jan
(Rs Cr) Buy
Sell Open Int.
Index Futures 2338.03 1929.62 29756.42
Index Options 57413.50 56903.90 50244.48
Stock Futures 8804.26 8678.95 81229.38
Stock Options 3820.50 3845.37 6461.66
Total 72376.29 71357.84 167691.94
08-Jan Prev_Day
Change
Put Call Ratio (OI) 1.41 1.36 0.05
Indian Debt Market
Put Call Ratio(Vol) 0.87 0.80 0.07
08-Jan Wk. Ago Mth. Ago
Year Ago
Call Rate 6.36% 6.34% 6.41% 5.88%
T-Repo 6.39% 6.19% 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 6.65% 6.61% 6.67% 6.00%
364 Day T-Bill 6.85% 6.93% 7.01% 6.43%
10 Year Gilt 7.45% 7.42% 7.46% 7.13%
G-Sec Vol. (Rs.Cr) 55694 24846 39650 43017
Currency Market Update
FBIL MIBOR* 6.50% 6.50% 6.48% 6.00%
3 Month CP Rate 7.75% 7.70% 7.35% 7.34%
5 Year Corp Bond 8.38% 8.33% 8.37% 7.97%
1 Month CD Rate 6.81% 6.72% 6.68% 6.23%
3 Month CD Rate 7.22% 7.44% 7.23% 6.70%
1 Year CD Rate 7.96% 8.24% 8.17% 7.07%
Commodity Market Update
Currency 08-Jan Prev_Day
Change
USD/INR 70.02 69.48 0.54
GBP/INR 89.42 88.59 0.83
EURO/INR 80.16 79.39 0.77
International News
JPY/INR 0.64 0.64 0.00
Commodity 08-Jan Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 49.53 45.10 52.71 61.68
Brent Crude($/bl) 56.70 50.51 61.73 69.12
Gold( $/oz) 1285 1282 1248 1320
Gold(Rs./10 gm) 31734 31531 31050 29492
Source: Thomson Reuters Eikon *As on 07-Jan-2019
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
09 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 10,844.65, a premium of 42.50 points,
over the spot closing of 10,802.15. The turnover on NSE’s Futures and
Options segment rose to Rs. 7,28,441.52 crore on Jan 8, 2019, compared
with Rs. 5,40,742.44 crore on Jan 7.
• The Put-Call ratio stood at 0.89 compared with the previous session’s
close of 0.95.
• The Nifty Put-Call ratio stood at 1.41 compared with the previous
session’s close of 1.36.
• Open interest on Nifty Futures stood at 26.76 million as against the
previous session’s close at 26.26 million.
• Bond yields eased amid media reports that the Indian government is
planning to auction a new 10-year paper this week which boosted
market sentiments. However, concerns that the government might miss
its fiscal deficit for FY19 capped the gains.
• Yield on the 10-year benchmark paper (7.17% GS 2028) decreased 6
bps to close at 7.45% as compared with 7.51% in the previous session
after trading in the range of 7.44% to 7.54%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,196 crore (gross) on Jan 8, 2019 compared
with a borrowing of Rs. 5,012 crore (gross) on Jan 7, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 6,366 crore on Jan 7, 2019.
• Banks borrowed Rs. 1,045 crore under the central bank’s Marginal
Standing Facility on Jan 7, 2019 compared with borrowing of Rs. 310
crore on Jan 4, 2019.
• The Indian rupee depreciated against the greenback as crude oil prices
jumped on optimism regarding easing U.S.-China trade dispute. The
rupee closed at 70.20 a dollar, down 0.75% compared with the previous
close of 69.68.
• The euro declined on signs of a slowing euro zone economy after the
German industrial output fell for the third consecutive month in Nov
2018. The euro was last seen trading at 1.1463 a dollar, down 0.10%
compared with the previous close of 1.1474.
• Gold prices fell as investors risk-taking appetite got a boost with signs
of easing U.S.-China trade war.
• Brent crude prices edged higher as the ongoing trade talks between
Washington and Beijing indicate that the two economies are working on
reaching an accommodation.
• An Institute for Supply Management report showed growth in U.S.
service sector activity slowed by more than estimated in Dec 2018. ISM
said its non-manufacturing index dropped to 57.6 in Dec after increasing
to 60.7 in Nov 2018. A reading of above 50 indicates service sector
growth.
• Federal Statistical Office preliminary data showed Germany's industrial
production unexpectedly decreased for a third consecutive month in Nov
2018. This happened amid a sharp fall in consumer goods and energy
output, worsening fears of a technical recession in the biggest euro area
economy. Overall industrial production fell a calendar and seasonally
adjusted 1.9% from Oct 2018, when it decreased 0.8%.
Markets for You
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