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
Advances 1215 880
Declines 1390 886
Unchanged 149 117
Institutional Flows (Equity)
Description (Cr)
FII Flows* -2367
MF Flows** 2585
Jan 2019; **9
Jan 2019
Economic Indicator
YoY(%) Current Year Ago
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
Quarter Ago
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%,
The overall market breadth on BSE was weak with 1215 scrips
advancing and 1390 scrips declining. A total of 149 scrips remained
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
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
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
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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Derivative Statistics- Nifty Options
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
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
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
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
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