10 Jan 2019
Markets for You
Global Indices
Global Indices 09-Jan Prev_Day Abs. Change
% Change
Dow Jones 23,879 23,787 92 0.39
Nasdaq 6,957 6,897 60 0.87
FTSE 6,907 6,862 45 0.66
Nikkei 20,427 20,204 223 1.10
Hang Seng 26,462 25,875 587 2.27
Indian Indices 09-Jan Prev_Day Abs. Change
% Change
S&P BSE Sensex 36,213 35,981 232 0.64
Nifty 50 10,855 10,802 53 0.49
Nifty 100 11,078 11,031 47 0.42
Nifty Bank 27,720 27,510 211 0.77
SGX Nifty 10,893 10,850 44 0.40
S&P BSE Power 1,975 1,980 -6 -0.28
S&P BSE Small Cap 14,601 14,625 -24 -0.17
S&P BSE HC 13,971 13,904 67 0.48
Date P/E Div. Yield P/E Div. Yield
9-Jan 23.51 1.17 26.15 1.24
Month Ago 23.31 1.22 25.87 1.24
Year Ago 25.37 1.12 27.19 1.07
Nifty 50 Top 3 Gainers
Company 09-Jan Prev_Day
% Change
Axis Bank 670 651 2.95
ITC 290 284 2.16
HDFC Ltd. 1995 1959 1.84
Nifty 50 Top 3 Losers Domestic News
Company 09-Jan Prev_Day
% Change
GAIL 341 355 -3.74
HPCL 239 248 -3.61
BPCL 340 352 -3.38
Advance Decline Ratio
Advances 1108 721
Declines 1490 1061
Unchanged 149 130
Institutional Flows (Equity)
Description (Cr)
FII Flows* -2845
MF Flows** 2020
Jan 2019; **8
Jan 2019
Economic Indicator
YoY(%) Current Year Ago
10 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 gained amid positive global cues and favourable
reports by the World Bank and the World Economic Forum. U.S. and
China have extended their trade talks to the third day though the original
plan was for two days. This has led to optimism that a resolution to the
trade stand-off is nearby.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.64% and
0.49%, respectively, to close at 36,212.91 and 10,855.15, respectively.
S&P BSE Mid-Cap and S&P BSE Small Cap lost 0.04% and 0.17%,
The overall market breadth on BSE was weak with 1490 scrips declining
and 1108 scrips advancing. A total of 149 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Fast Moving Consumer Goods was
the major gainer, up 1.11%, followed by S&P BSE Bankex and S&P BSE
Realty, up 0.69% and 0.66%, respectively. S&P BSE Finance and S&P BSE
Auto gained 0.63% and 0.55%, respectively. S&P BSE Oil & Gas was the
major loser, down 1.74%, followed by S&P BSE Metal and S&P BSE Basic
Materials, down 1.21% and 0.87%, respectively.
The World Bank has forecast India's GDP will grow at 7.3% in the fiscal
year 2018-19, and 7.5% in the following two years. This is attributed to
an upswing in consumption and investment. The World Bank said India
will continue to be the fastest growing major economy in the
world. China's economic growth is estimated to slow down to 6.2% each
in 2019 and 2020 and 6% in 2021, the bank’s report said.
The Reserve Bank of India (RBI) has made a high-level committee
headed by former chairman of the Unique Identification Authority of
India (UIDAI) to set up a robust digital payments ecosystem. The
committee’s task is to review the existing status of digitization of
payments, identify gaps in the ecosystem and suggest ways to fix them.
According to its terms of reference, the committee has to suggest a
medium-term strategy for deepening digital payments, and measures to
strengthen safety and security.
IndusInd Bank’s net profit increased 4.6% to Rs. 985.03 crore in the
Dec-quarter because of higher provisions and contingencies. Net profit in
the year-ago period was Rs. 936.25 crore. Estimates were for profit to
come in at Rs. 810.50 crore. Net interest income was up 20.76% to Rs.
2288.09 crore against Rs. 1894.81 crore in the year-ago period.
According to media reports, Ola is in talks to invest or acquire medicine
delivery start-up Myra Medicines. The two have a common investor
namely Matrix Partners. The deal is expected to close by the end of Jan
2019. If the deal goes through, it will mark the cab-hailing platform’s
entry into the growing online medicine delivery sector. Ola’s main cab-
hailing business is witnessing slowdown. The Bengaluru-based company
has also been trying to build its food delivery business and acquired
Foodpanda around a year ago.
Film production and distribution company Zee Studios has announced
the launch of independent digital content arm Zee Studios Originals. It
will produce premium, original content and create new IPs (intellectual
properties) for all digital platforms globally.
Asian equity markets increased across regions as U.S. and China trade
talks supported sentiment. Meeting between the two countries has gone
into the third day. This suggests that the nations could strike a long-term
deal before the end of the 90-day truce, which started in Dec 2018.
Today (as of Jan 10), Asian markets opened lower as investors traded
cautiously ahead of release of China’s inflation data for Dec and post
conclusion of unscheduled third day of talks between U.S. and China.
Nikkei and Hangseng fell 1.49% and 0.77%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed higher amid optimism
about a potential trade deal between the U.S. and China. Easing of
eurozone’s seasonally adjusted jobless rate for Nov 2018 likely boosted
investor sentiment.
As per the last close, U.S markets closed higher after the minutes of
latest U.S. Federal Reserve (Fed) meeting confirmed Fed’s Chairman
recent comments of central bank taking patient approach on further
interest rate increases. Further, optimism about a potential trade deal
between the U.S. and China added to the gains.
Markets for You
FII Derivative Trade Statistics 09-Jan
(Rs Cr) Buy
Sell Open Int.
Index Futures 2083.55 2501.58 30773.43
Index Options 72373.17 72860.85 52023.24
Stock Futures 11094.75 10866.93 82461.39
Stock Options 2978.23 3005.46 6604.90
Total 88529.70 89234.82 171862.96
09-Jan Prev_Day
Put Call Ratio (OI) 1.43 1.41 0.02
Indian Debt Market
Put Call Ratio(Vol) 1.01 0.87 0.14
09-Jan Wk. Ago Mth. Ago
Year Ago
Call Rate 6.36% 6.33% 6.41% 5.87%
T-Repo 6.45% 6.21% 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% 6.59% 6.67% 6.09%
364 Day T-Bill 6.88% 6.91% 7.01% 6.10%
10 Year Gilt 7.47% 7.35% 7.46% 7.16%
G-Sec Vol. (Rs.Cr) 33557 44742 39650 34213
Currency Market Update
FBIL MIBOR* 6.50% 6.50% 6.48% 6.00%
3 Month CP Rate 7.75% 7.80% 7.35% 7.34%
5 Year Corp Bond 8.34% 8.28% 8.37% 7.98%
1 Month CD Rate 6.70% 6.80% 6.68% 6.25%
3 Month CD Rate 6.78% 7.47% 7.23% 6.78%
1 Year CD Rate 7.86% 8.24% 8.17% 7.10%
Commodity Market Update
Currency 09-Jan Prev_Day
USD/INR 70.44 70.02 0.42
GBP/INR 89.72 89.42 0.30
EURO/INR 80.71 80.16 0.55
International News
JPY/INR 0.65 0.64 0.00
Commodity 09-Jan Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 52.14 46.26 52.71 62.87
Brent Crude($/bl) 59.25 53.95 61.73 69.90
Gold( $/oz) 1293 1285 1248 1313
Gold(Rs./10 gm) 31863 31792 31050 29499
Source: Thomson Reuters Eikon
*As on 08 Jan 2019
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
10 January 2019
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Jan 2019 Futures were at 10,877.70, a premium of 22.55 points,
over the spot closing of 10,855.15. The turnover on NSE’s Futures and
Options segment rose to Rs. 11,17,242.10 crore on Jan 9, 2019,
compared with Rs. 7,28,441.52 crore on Jan 8.
The Put-Call ratio stood at 0.96 compared with the previous session’s
close of 0.89.
The Nifty Put-Call ratio stood at 1.43 compared with the previous
session’s close of 1.41.
Open interest on Nifty Futures stood at 26.62 million as against the
previous session’s close at 26.76 million.
Bond yields rose tracking the fall in rupee and the rise in crude oil
prices, which dampened the market sentiment. This aggravated
concerns over foreign fund outflow, particularly amid worries of
widening current account deficit.
Yield on the 10-year benchmark paper (7.17% GS 2028) increased 2
bps to close at 7.47% as compared with 7.45% in the previous session
after trading in the range of 7.44% to 7.48%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 5,401 crore (gross) on Jan 9, 2019 compared
with a borrowing of Rs. 4,196 crore (gross) on Jan 8, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window
stood at Rs. 6,773 crore on Jan 8, 2019.
Banks borrowed Rs. 1,700 crore under the central bank’s Marginal
Standing Facility on Jan 8, 2019 compared with borrowing of Rs. 1,045
crore on Jan 7, 2019.
The Indian rupee dipped against the greenback following increase in
global crude oil prices which renewed worries over foreign fund
outflows amid worries of expanding fiscal deficit. The rupee closed at
70.46 a dollar, down 0.37% compared with the previous close of 70.20.
The euro saw a marginal improvement with progress in U.S. China
trade talks that signalled improving trade relations. The euro was last
seen trading at 1.1444 a dollar, up 0.03% compared with the previous
close of 1.1440.
Gold prices continued to fall with improving risk appetite as U.S.-China
trade dispute eases.
Brent crude prices extended gains from the previous session with the
progress in trade talks between Washington and Beijing.
Eurostat data showed eurozone unemployment rate unexpectedly
eased in Nov 2018 to its lowest level in more than a decade. The
seasonally adjusted jobless rate eased to 7.9% from 8% in Oct 2018. This
is against expectations of status quo. The latest jobless rate was the
lowest since Oct 2008, Eurostat said.
IHS Markit data showed U.K. permanent job appointment grew at the
weakest pace since early 2017 amid a sharp decline in the supply of
candidates. The KPMG/REC Report on Jobs showed that weaker growth
in appointments led to further marked increases in starting pay and
salary inflation was the quickest in over three years. Temporary billings
increased at a sharp rate from Nov's 25-month low.
Markets for You
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