Mutual Fund News of 11th January 2019

11 Jan 2019

Markets for You

Global Indices

Global Indices 10-Jan Prev_Day Abs. Change

% Change

Dow Jones 24,002 23,879 123 0.51

Nasdaq 6,986 6,957 29 0.42

FTSE 6,943 6,907 36 0.52

Nikkei 20,164 20,427 -263 -1.29

Hang Seng 26,521 26,462 59 0.22

Indian Indices 10-Jan Prev_Day Abs. Change

% Change

S&P BSE Sensex 36,107 36,213 -106 -0.29

Nifty 50 10,822 10,855 -34 -0.31

Nifty 100 11,054 11,078 -24 -0.21

Nifty Bank 27,529 27,720 -192 -0.69

SGX Nifty 10,853 10,893 -41 -0.37

S&P BSE Power 1,981 1,975 6 0.31

S&P BSE Small Cap 14,628 14,601 27 0.19

S&P BSE HC 14,037 13,971 66 0.47

Date P/E Div. Yield P/E Div. Yield

10-Jan 23.50 1.17 26.07 1.25

Month Ago 22.86 1.24 25.37 1.27

Year Ago 25.40 1.12 27.18 1.07

Nifty 50 Top 3 Gainers

Company 10-Jan Prev_Day

% Change

Tata Motors 186 183 1.48

Titan Industries Limited 967 953 1.44

Eicher Motors 20556 20291 1.31

Nifty 50 Top 3 Losers Domestic News

Company 10-Jan Prev_Day

% Change

HPCL 233 239 -2.55

IndusInd Bank 1566 1602 -2.24

Bharti Infratel 285 290 -1.83

Advance Decline Ratio

BSE NSE

Advances 1215 880

Declines 1390 886

Unchanged 149 117

Institutional Flows (Equity)

Description (Cr)

YTD

FII Flows* -2367

MF Flows** 2585

*10

Jan 2019; **9

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)

11 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

219

478

4.17%

(Jul-18)

• Indian equity markets declined, snapping the four-day rally, as

investors remained cautious ahead of the earnings release of an

information technology major. Also, sentiment was subdued on tepid

global cues since U.S. and China’s three-day meeting ended without any

significant announcements.

• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.29% and

0.31%, respectively, to close at 36,106.50 and 10,821.60, respectively.

S&P BSE Mid-Cap and S&P BSE Small Cap gained 0.49% and 0.19%,

respectively.

• The overall market breadth on BSE was weak with 1215 scrips

advancing and 1390 scrips declining. A total of 149 scrips remained

unchanged.

• On the BSE sectoral front, S&P BSE Consumer Durables was the major

gainer, up 0.71%, followed by S&P BSE Healthcare and S&P BSE

Industrials, up 0.47% and 0.46%, respectively. S&P BSE Utilities and S&P

BSE Capital Goods gained 0.45% and 0.38%, respectively. S&P BSE Oil &

Gas was the major loser, down 0.81%, followed by S&P BSE Bankex and

S&P BSE Energy, down 0.75% and 0.52%, respectively.

• The GST Council has doubled the GST exemption limit for micro, small

and medium enterprises (MSMEs) with an annual turnover of Rs. 40 lakh

from the current Rs. 20 lakh. For North East and hilly states, the limit has

been raised to Rs. 20 lakh from Rs. 10 lakh. Service providers with a

turnover of up to Rs. 50 lakh can now use the composition scheme as

well at a rate of 6%. The ones who use the scheme will have to file tax on

a quarterly basis. Returns can be filed annually. The council has allowed

Kerala to levy a calamity cess of 1% on intra-state sales for a maximum

period of two years. On real estate and uniformity of taxes on lotteries,

two separate groups of ministers have been constituted to develop

consensus.

• According to media reports, India's sugar exports could be far lower

than a 5 million-tonne target set by the government. This is because of a

strengthening rupee and falling global prices that make shipments

unattractive despite a government push for overseas sales. India could

export 2.5 million to 3.5 million tonne of sugar in the 2018/19 marketing

year, which started Oct 1, 2018, the report said.

• TCS announced that its profit grew 24.1% YoY to Rs. 8,105 crore for the

quarter ended Dec 2018 as against Rs. 6,531 crore in the previous year

period. Revenue for the quarter grew 20.80% YoY to Rs. 37,338 crore.

• Ashok Leyland announced that it has received orders for 2,580 buses

from Institute of Road Transport, Chennai, Uttar Pradesh State Roadways

Transport Corporation and Chandigarh Transport Undertaking.

• Bandhan Bank announced that its net profit came in at Rs. 331.27 crore

for the quarter ended Dec 2018, up 10.41% YoY from Rs. 300.04 crore in

the year-ago period. Net interest margin came in at 10.50% in the month

under review as against 10.30% in the previous year period.

• Asian equity markets were mixed as U.S. and China’s three-day trade

meet did not end with any specific announcements. Investors were

expecting a major breakthrough from the trade talks but had to make do

with China’s statement that the meetings were "extensive, in-depth and

detailed". Today (as of Jan 11), Asian markets opened almost higher

following gains in Wall Street in the last session. Nikkei and Hangseng

grew 0.80% and 0.05%, respectively (as at 8.a.m. IST).

• As per the last close, European markets closed slightly higher amid

optimism over a long-term trade deal between the U.S. and China.

However, no significant breakthroughs and expectation of more concrete

results restricted the gains. Weakness in auto stocks after a couple of

auto majors announced job cuts, weighed on the indices.

• As per the last close, U.S markets closed almost higher following bigger

than expected drop in initial jobless claims for the week ended Jan 5.

Optimism that U.S. and China will finally reach a long-term trade deal

boosted the indices. However, no significant breakthroughs, and concerns

over U.S. government shutdown restricted the gains.

Markets for You

FII Derivative Trade Statistics 10-Jan

(Rs Cr) Buy

Sell Open Int.

Index Futures 3809.87 3349.39 31476.85

Index Options 129123.93 127874.85 54781.09

Stock Futures 12377.69 12744.15 82898.30

Stock Options 7125.50 7089.91 7282.46

Total 152436.99 151058.30 176438.70

10-Jan Prev_Day

Change

Put Call Ratio (OI) 1.46 1.43 0.03

Indian Debt Market

Put Call Ratio(Vol) 0.95 1.01 -0.07

10-Jan Wk. Ago Mth. Ago

Year Ago

Call Rate 6.36% 6.31% 6.42% 5.89%

T-Repo 6.45% 6.24% 6.46% --

Repo 6.50% 6.50% 6.50% 6.00%

Reverse Repo 6.25% 6.25% 6.25% 5.75%

91 Day T-Bill 6.62% 6.61% 6.67% 6.32%

364 Day T-Bill 6.85% 6.87% 7.06% 6.49%

10 Year Gilt 7.48% 7.43% 7.59% 7.26%

G-Sec Vol. (Rs.Cr) 35611 37998 34033 35340

Currency Market Update

FBIL MIBOR* 6.55% 6.50% 6.50% 6.00%

3 Month CP Rate 7.70% 7.85% 7.35% 7.34%

5 Year Corp Bond 8.37% 8.33% 8.48% 8.05%

1 Month CD Rate 6.61% 6.80% 7.01% 6.24%

3 Month CD Rate 6.64% 7.37% 7.12% 6.75%

1 Year CD Rate 7.77% 8.23% 8.24% 7.08%

Commodity Market Update

Currency 10-Jan Prev_Day

Change

USD/INR 70.51 70.44 0.07

GBP/INR 90.17 89.72 0.44

EURO/INR 81.49 80.71 0.78

International News

JPY/INR 0.65 0.65 0.01

Commodity 10-Jan Wk Ago Mth. Ago

Year Ago

NYMEX Crude($/bl) 52.37 46.87 51.02 63.55

Brent Crude($/bl) 60.31 53.12 60.31 70.61

Gold( $/oz) 1286 1294 1245 1317

Gold(Rs./10 gm) 32116 31883 31423 29563

Source: Thomson Reuters Eikon

*As on Jan 9, 2019

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

11 January 2019

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third party sources and which are deemed to be reliable. The information provided cannot be considered as guidelines, recommendations or as a professional guide for the readers. It may be noted that

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Derivative Statistics- Nifty Options

Disclaimer:

Derivatives Market

Debt Watch

Currency Market

Commodity Prices

• Nifty Jan 2019 Futures were at 10,857.75, a premium of 36.15 points,

over the spot closing of 10,821.60. The turnover on NSE’s Futures and

Options segment rose to Rs. 16,55,517.69 crore on Jan 10, 2019,

compared with Rs. 11,17,242.10 crore on Jan 9, 2019.

• The Put-Call ratio stood at 0.79 compared with previous close of 0.96.

• The Nifty Put-Call ratio stood at 1.46 compared with previous close of

1.43.

• India VIX decreased 0.13% to 15.2900 compared with 15.2700 at the

previous trading session.

• Open interest on Nifty Futures stood at 26.43 million as against the

previous close at 26.62 million.

• Bond yield continued to rise tracking the rise in crude oil prices, which

dampened the market sentiment. This heightened 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 1 bps

to close at 7.48% as compared with 7.47% in the previous session after

trading in the range of 7.46% to 7.52%.

• Banks’ borrowings under the repo window of the Liquidity Adjustment

Facility (LAF) stood at Rs. 3,311 crore (gross) on Jan 10, 2019 compared

with a borrowing of Rs. 5,401 crore (gross) on Jan 9, 2019. Sale of

securities under Reserve Bank of India’s (RBI) reverse repo window stood

at Rs. 6,349 crore on Jan 9, 2019.

• Banks borrowed Rs. 450 crore under the central bank’s Marginal

Standing Facility on Jan 9, 2019 compared with borrowing of Rs. 1,700

crore on Jan 8, 2019.

• The Indian rupee rose against the greenback following dollar sales by

exporters. However, the local unit’s upside was limited by the continuous

surge in global crude oil prices amid worries of widening current account

deficit. The rupee closed at 70.41, up 0.07% compared with the previous

close of 70.46.

• The euro stood strong against the greenback following the U.S. Fed's

cautious stance on interest rate hikes. This reduced the safe-haven

appeal of dollar, making market participants buy euro. The euro was last

seen trading at 1.1526.

• Gold prices strengthened on dollar weakness amid concerns over the

U.S. government shutdown.

• Brent crude prices extended gains amid ongoing negotiations between

U.S. and China to improve trade relations.

• According to the latest minutes of U.S. Federal Reserve’s policy

meeting, the central bank will take a patient approach to further rate

hikes. The central bank had raised interest rate by quarter point

however, showed volatility in financial markets and increased concerns

about global economic growth.

• According to preliminary data from INSEE, industrial production in

France fell 1.3% in Nov 2018 as against increase of 1.3% in the previous

month.

• According to the National Bureau of Statistics, consumer price inflation

in China came in at 1.9% YoY in Dec 2018 as against 2.2% in Nov 2018.

The producer prices of the country rose 0.9% YoY following 2.7%

increase in the previous month.

Markets for You

Thank you for

your time.