14Jan2019
MarketsforYou
GlobalIndices
GlobalIndices 11‐Jan Prev_Day Abs.Change
%Change
#
DowJones 23,996 24,002 ‐6 ‐0.02
Nasdaq 6,971 6,986 ‐15 ‐0.21
FTSE 6,918 6,943 ‐25 ‐0.36
Nikkei 20,360 20,164 196 0.97
HangSeng 26,667 26,521 146 0.55
IndianIndices 11‐Jan Prev_Day Abs.Change
%Change
#
S&PBSESensex 36,010 36,107 ‐97 ‐0.27
Nifty50 10,795 10,822 ‐27 ‐0.25
Nifty100 11,026 11,054 ‐29 ‐0.26
NiftyBank 27,454 27,529 ‐75 ‐0.27
SGXNifty 10,815 10,853 ‐38 ‐0.35
S&PBSEPower 1,976 1,981 ‐5 ‐0.23
S&PBSESmallCap 14,600 14,628 ‐28 ‐0.19
S&PBSEHC 14,019 14,037 ‐17 ‐0.12
Date P/E Div.Yield P/E Div.Yield
11‐Jan 23.57 1.16 26.00 1.25
MonthAgo 22.83 1.25 25.52 1.26
YearAgo 25.50 1.11 27.23 1.06
Nifty50Top3Gainers
Company 11‐Jan Prev_Day
%Change
#
ITC 295 290 1.99
UnitedPhos 783 773 1.34
IndianOil 131 130 1.00
Nifty50Top3Losers DomesticNews
Company 11‐Jan Prev_Day
%Change
#
IndusIndBank 1515 1566 ‐3.24
TataMotors 180 186 ‐2.93
BhartiInfratel 277 285 ‐2.75
AdvanceDeclineRatio
BSE NSE
Advances 1160 737
Declines 1459 1017
Unchanged 170 124
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐2675
MFFlows** 2887
*11
th
Jan2019;**10
th
Jan2019
EconomicIndicator
YoY(%) Current YearAgo
CPI
2.33%
(Nov‐18)
4.88%
(Nov‐17)
IIP
0.50%
(Nov‐18)
8.50%
(Nov‐17)
GDP
7.10%
(Sep‐18)
6.30%
(Sep‐17)
14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
304
‐308
4.17%
(Jul‐18)
• The Index of Industrial Production (IIP) rose to 0.5% in Nov 2018 as
against an upwardly revised growth of 8.4% (8.1% originally reported) in
the previous month and 8.5% in the same period of the previous year.
This marked a 17‐month low. For the period from Apr to Nov of 2018, IIP
grew 5.0% as against an increase of 3.2% in the same period of the
previous year. On the sectoral front, the manufacturing sector fell 0.4% in
Nov 2018 compared with growth of 10.4% in the same month of the
previous year.
• Asian Development Bank (ADB) will increase India’s funding to $4.5
billion (about Rs. 31,500 crore) in 2019. The multilateral funding agency
has projected Indian economy to grow at 7.3% in 2018‐19 and improve
further to 7.6% in 2019‐20 as investments pick up and GST stabilisation
adds to revenues. ADB had committed $3.03 billion in sovereign loans to
India in 2018, which was the highest ever annual lending. Of this, $557
million loan was for the private sector. The funding depends on the
readiness of projects in the country.
• The Union cabinet has approved a proposal for a $75‐billion bilateral
swap arrangement with Japan. This will enhance the Reserve Bank of
India’s (RBI) ability to manage exchange rate volatility. The cabinet
chaired by the Prime Minister has approved the proposal for entering
into an agreement for the bilateral swap arrangement (BSA) between
India and Japan. The BSA will help in mutual cooperation for strategic
objective of assisting each other in times of difficulty and for restoring
international confidence.
• Infosys third‐quarter net profit declined 29.6% to Rs. 3,609 crore from
Rs. 5,129 crore in the year‐ago period. On a sequential basis, profit after
tax fell 12.18%. The company has announced special dividend of Rs. 4. It
said Jan 25, 2019, will be record date and Jan 28, 2019, the payment date.
MarketsforYou
• Asian equity markets were mostly high after China said trade talks with
U.S. were extensive and have helped establish a "foundation" to resolve
the differences. The U.S. Federal Reserve’s meeting minutes showing the
bank will take a patient approach going forward added to the gains. Also,
prospects for more Chinese stimulus supported sentiment. Today (as of
Jan 14), Asian markets opened on mixed note as investors await China’s
trade data. While Nikkei was closed due to public holiday, Hang Seng was
trading lower 0.40% (as at 8 a.m. IST).
• As per the last close, European markets mostly fell on concerns about
the U.S. government shutdown, a Brexit impasse and the lack of any clear
resolution to the U.S‐China trade talks.
• As per the last close, U.S markets were little changed after a range
bound movement. Concerns about the ongoing U.S. government
shutdown and skepticism about a potential trade deal between the U.S.
and China, weighed on the markets.
• Indian equity markets were subdued and ended the week in the red.
Sentiment was hit by a major information technology company’s earnings
missing estimates. Investors are also awaiting the earnings of other major
companies.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.27% and
0.25%, respectively, to close at 36,009.84 and 10,794.95, respectively.
S&P BSE Mid‐Cap and S&P BSE Small Cap lost 0.13% and 0.19%,
respectively.
• The overall market breadth on BSE was weak with 1459 scrips declining
and 1160 scrips advancing. A total of 170 scrips remained unchanged.
• On the BSE sectoral front, only two sectors gained. S&P BSE Fast
Moving Consumer Goods was the major gainer, up 0.54%, followed by
S&P BSE Oil & Gas, up 0.13%. S&P BSE Metal was hardly changed from
the previous session. S&P BSE Realty was the major loser, down 1.43%,
followed by S&P BSE Telecom and S&P BSE Basic Capital Markets, down
1.11% and 0.93%, respectively. S&P BSE Industrials and S&P BSE Auto fell
0.86% and 0.76%, respectively.
FIIDerivativeTradeStatistics 11‐Jan
(RsCr) Buy Sell OpenInt.
IndexFutures 2117.97 1691.74 31987.43
IndexOptions 123086.47 121061.74 54860.16
StockFutures 8948.08 8626.10 82857.50
StockOptions 4803.97 4778.51 7901.72
Total 138956.49 136158.09 177606.81
11‐Jan Prev_Day Change
PutCallRatio(OI) 1.39 1.46 ‐0.07
IndianDebtMarket
PutCallRatio(Vol) 0.89 0.95 ‐0.06
11‐Jan Wk.Ago Mth.Ago YearAgo
CallRate 6.35% 6.31% 6.48% 5.88%
T‐Repo 6.38% 6.23% 6.55% ‐‐
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% 6.58% 6.67% 6.30%
364DayT‐Bill 6.85% 6.85% 7.07% 6.50%
10YearGilt 7.50% 7.45% 7.53% 7.26%
G‐SecVol.(Rs.Cr) 38698 34618 73572 25901
CurrencyMarketUpdate
FBILMIBOR 6.50% 6.46% 6.54% 6.00%
3MonthCPRate 7.70% 7.85% 7.40% 7.35%
5YearCorpBond 8.38% 8.38% 8.45% 8.02%
1MonthCDRate 6.71% 6.73% 7.10% 6.24%
3MonthCDRate 7.48% 7.49% 7.19% 6.83%
1YearCDRate 7.90% 8.16% 8.37% 7.09%
CommodityMarketUpdate
Currency 11‐Jan Prev_Day Change
USD/INR 70.47 70.51 ‐0.04
GBP/INR 89.92 90.17 ‐0.25
EURO/INR 81.21 81.49 ‐0.28
InternationalNews
JPY/INR 0.65 0.65 0.00
Commodity 11‐Jan WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 51.39 47.71 51.60 63.76
BrentCrude($/bl) 58.88 55.23 59.75 71.18
Gold($/oz) 1288 1285 1243 1322
Gold(Rs./10gm) 32117 31769 31616 29606
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
14January2019
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yield rose as crude oil prices continued to surge on optimism of
US. And China trade talks. The rise in crude prices dampened market
sentiments and added to the fiscal worries.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) increased 2 bps
to close at 7.50% as compared with 7.48% in the previous session after
trading in the range of 7.44% to 7.52%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,327 crore (gross) on Jan 11, 2019 compared
with a borrowing of Rs. 3,311 crore (gross) on Jan 10, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 15,636 crore on Jan 10, 2019.
• Banks borrowed Rs. 225 crore under the central bank’s Marginal
Standing Facility on Jan 10, 2019 compared with borrowing of Rs. 450
crore on Jan 9, 2019.
• According to a Labor Department report, consumer prices in the U.S.
decreased slightly in Dec 2018, reflecting a steep drop in gasoline prices.
The Labor Department said its consumer price index slipped by 0.1% in
Dec after coming in unchanged in Nov 2018. The drop matched
economist estimates.
• Office for National Statistics showed U.K. economic growth eased
further in the quarter to Nov 2018. The pace of expansion has slowed to
a six‐month low on the back of weak performance in manufacturing.
Activity was damped by uncertainties linked to global trade and Brexit.
Growth in gross domestic product slowed to 0.3% from 0.4% in the three
months to Oct 2018.
MarketsforYou
• Nifty Jan 2019 Futures were at 10,827.60, a premium of 32.65 points,
over the spot closing of 10,794.95. The turnover on NSE’s Futures and
Options segment declined to Rs. 5,03,549.10 crore on Jan 11, 2019,
compared with Rs. 16,55,517.69 crore on Jan 10, 2019.
• The Put‐Call ratio stood at 0.92 compared with the previous session’s
close of 0.79.
• The Nifty Put‐Call ratio stood at 1.39 compared with the previous
session’s close of 1.46.
• Open interest on Nifty Futures stood at 26.09 million as against the
previous session’s close at 26.43 million.
• The Indian rupee declined against the greenback tracking the surge in
crude oil prices, which dampened market sentiments by adding to the
fiscal worries. The rupee closed at 70.49 a dollar, down 0.11% compared
with the previous close of 70.41.
• The euro stood gained on greenback weakness following the U.S.
Federal Reserve’s cautious approach on additional interest rate hikes. This
lowered the safe‐haven appeal of dollar, lifting euro. The euro was last
seen trading at 1.1521 a dollar, up 0.20% compared with the previous
close of 1.1498.
• Gold prices strengthened on dollar weakness following the U.S. Federal
Reserve Chairman’s comment that hinted the cautious stance of slowin
g
the pace of interest rate hikes.
• Brent crude price continues to gains amid optimism on the ongoin
g
negotiations between U.S. and China.
Thank you for
your time.