21Jan2019
MarketsforYou
GlobalIndices
GlobalIndices 18‐Jan Prev_Day Abs.Change
%Change
#
DowJones 24,706 24,370 336 1.38
Nasdaq 7,157 7,084 73 1.03
FTSE 6,968 6,835 133 1.95
Nikkei 20,666 20,402 264 1.29
HangSeng 27,091 26,756 335 1.25
IndianIndices 18‐Jan Prev_Day Abs.Change
%Change
#
S&PBSESensex 36,387 36,374 13 0.03
Nifty50 10,907 10,905 2 0.02
Nifty100 11,110 11,124 ‐14 ‐0.13
NiftyBank 27,457 27,529 ‐72 ‐0.26
SGXNifty 10,955 10,933 22 0.20
S&PBSEPower 1,955 1,963 ‐9 ‐0.45
S&PBSESmallCap 14,505 14,612 ‐107 ‐0.73
S&PBSEHC 13,802 14,083 ‐282 ‐2.00
Date P/E Div.Yield P/E Div.Yield
18‐Jan 23.96 1.16 26.19 1.24
MonthAgo 24.09 1.18 26.39 1.22
YearAgo 25.90 1.09 27.25 1.05
Nifty50Top3Gainers
Company 18‐Jan Prev_Day
%Change
#
RIL 1184 1134 4.40
Wipro 346 335 3.21
KotakBank 1240 1220 1.66
Nifty50Top3Losers DomesticNews
Company 18‐Jan Prev_Day
%Change
#
SunPharma 391 427 ‐8.39
BhartiAirtel 311 332 ‐6.29
GAIL 322 332 ‐3.08
AdvanceDeclineRatio
BSE NSE
Advances 867 522
Declines 1678 1230
Unchanged 166 122
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐2986
MFFlows** 4718
*18
th
Jan2019;**17
th
Jan2019
EconomicIndicator
YoY(%) Current YearAgo
CPI
2.19%
(Dec‐18)
5.21%
(Dec‐17)
IIP
0.50%
(Nov‐18)
8.50%
(Nov‐17)
GDP
7.10%
(Sep‐18)
6.30%
(Sep‐17)
21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
‐380
892
3.70%
(Sep‐18)
• The Securities & Exchange Board of India (SEBI) has decided to allow
mutual funds to write call options under certain conditions. Call options
refer to an agreement that gives a buyer the right to buy an asset at a
specified price within a particular time period. Presently, mutual fund
schemes are permitted to undertake transactions in equity derivatives
but cannot write options or purchase instruments with embedded
written options. SEBI said schemes (except Index Funds and ETFs) can
write call options only under a covered call strategy for constituent stocks
of Nifty 50 and Sensex indices.
• Prime Minister said India is targeting to enter the list of top 50 countries
in ease of doing business by 2020. The country’s ranking has gone up 75
places in the World Bank’s ease of doing business rankings in 2018 to
reach 77th in the list. The Prime Minister said his team is working harder
so that India is in the ‘Top 50’ list in ease of doing business next year. He
was talking at the inaugural address at the 9th edition of the Vibrant
Gujarat Summit.
• The finance minister has hinted in an interview to a private news
channel that that the government is ready to fuel economic growth even
if that means sacrificing fiscal discipline. The Union budget will be
announced next month. The minister said, “It entirely depends on what
the existing situations are…some of those challenges really can’t afford to
wait and therefore obviously there will be a necessity to address them.”
• Wipro’s net profit increased 30% to Rs. 2,510.4 crore for the Dec
quarter compared with Rs. 1,931 crore in the year‐ago quarter. On a
sequential basis, net profit grew around 33%. The company also
announced one bonus shares for every three held. The company's board
declared an interim dividend of nearly Re 1 per equity share and ADR
(50% on an equity share of par value on 2).
• Larsen & Toubro Infotech (LTI) posted 31.3% sequential rise in third
quarter revenue to Rs. 2,473 crore, beating estimates. The company
reported net income of Rs. 375.5 crore, up 32.8% over the year‐ago
period.
MarketsforYou
• Asian equity markets gained amid optimism on U.S.‐China trade
relations and easing global growth worries. A report claimed U.S. could
soon lift trade tariffs on China. Strong U.S. economic data has negated
some of the concerns over global growth. Today (as of Jan 21), Asian
markets opened higher ahead of release of important Chinese data. Both
Nikkei and Hang Seng were trading higher 0.38% and 0.32%, respectively
(as at 8 a.m. IST).
• As per the last close, European markets rose amid increasing signs of
progress in U.S.‐China trade discussions that raised hopes of a
breakthrough in their long‐running dispute. Investors sidelined concerns
about Brexit uncertainty.
• As per the last close, U.S markets increased as market participants
continued to show optimism about trade discussions between the U.S.
and China. Adding to the optimism, a news agency report said China has
offered to go on a six‐year buying to increased imports from the U.S.
• Indian equity markets remined flat with slight gains as positive global
cues were overshadowed by domestic weakness. The rupee weakened
against the U.S. dollar and oil prices gained – factors that put pressure on
the country’s inflation. Investors also became anxious after the finance
minister hinted at the necessity of fuelling economic growth, especially a
package for farmers. This is being seen as a deterrent to fiscal discipline
as it would increase the government’s spending.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.03% and
0.02%, respectively, to close at 36,383.61 and 10,906.95, respectively.
S&P BSE Mid‐Cap and S&P BSE Small Cap lost 0.79% and 0.73%,
respectively.
• The overall market breadth on BSE was weak with 867 scrips advancing
and 1678 scrips declining. A total of 166 scrips remained unchanged.
• On the BSE sectoral front, only three sectors gained. S&P BSE Energy
was the major gainer, up 2.69%, followed by S&P BSE Oil & Gas and S&P
BSE Information Technology, up 0.36% and 0.14%, respectively.
FIIDerivativeTradeStatistics 18‐Jan
(RsCr) Buy Sell OpenInt.
IndexFutures 2602.77 3201.31 38151.95
IndexOptions 117107.37 116487.24 62102.98
StockFutures 12269.27 11824.16 85601.85
StockOptions 8284.90 8343.84 9923.99
Total 140264.31 139856.55 195780.77
18‐Jan Prev_Day Change
PutCallRatio(OI) 1.56 1.52 0.04
IndianDebtMarket
PutCallRatio(Vol) 0.98 1.03 ‐0.05
18‐Jan Wk.Ago Mth.Ago YearAgo
CallRate 6.45% 6.35% 6.48% 5.90%
T‐Repo 6.49% 6.38% 6.40% ‐‐
Repo 6.50% 6.50% 6.50% 6.00%
ReverseRepo 6.25% 6.25% 6.25% 5.75%
91DayT‐Bill 6.50% 6.60% 6.60% 6.35%
364DayT‐Bill 6.79% 6.85% 7.03% 6.49%
10YearGilt 7.60% 7.50% 7.35% 7.26%
G‐SecVol.(Rs.Cr) 30263 38698 53465 36341
CurrencyMarketUpdate
FBILMIBOR 6.48% 6.50% 6.52% 6.00%
3MonthCPRate 7.65% 7.70% 7.10% 7.58%
5YearCorpBond 8.45% 8.38% 8.30% 8.03%
1MonthCDRate 6.68% 6.71% 6.79% 6.24%
3MonthCDRate 7.14% 7.48% 6.92% 6.98%
1YearCDRate 7.87% 7.90% 8.27% 7.31%
CommodityMarketUpdate
Currency 18‐Jan Prev_Day Change
USD/INR 71.14 71.34 ‐0.20
GBP/INR 92.29 91.86 0.43
EURO/INR 81.07 81.26 ‐0.19
InternationalNews
JPY/INR 0.65 0.66 0.00
Commodity 18‐Jan WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 53.55 51.39 46.07 63.91
BrentCrude($/bl) 62.23 58.88 55.20 69.62
Gold($/oz) 1281 1288 1249 1327
Gold(Rs./10gm) 32276 32117 31205 29891
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
21January2019
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yield increased as market participants remain wary amid
concerns over the federal government’s struggle to move ahead with the
fiscal consolidation program. The government’s spending is likely to rise
ahead of the elections, which would widen the fiscal deficit.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) increased 4 bps
to close at 7.59% as compared with 7.55% in the previous session after
trading in the range of 7.56% to 7.61%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 7,776 crore (gross) on Jan 18, 2019 compared
with a borrowing of Rs. 3,141 crore (gross) on Jan 17, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 8,411 crore on Jan 17, 2019.
• Banks borrowed Rs. 80 crore under the central bank’s Marginal
Standing Facility on Jan 17, 2019 compared with borrowing of Rs. 2 crore
on Jan 16, 2019.
• Labor Department data showed first‐time claims for U.S.
unemployment benefits unexpectedly decreased in the week ended Jan
12, 2019. Initial jobless claims edged down to 213,000, a decrease of
3,000 from the previous week's 216,000.
• Federal Reserve Bank of Philadelphia report showed a significant rise in
the pace of growth in regional manufacturing activity in Jan 2019. Philly
Fed said its index for current manufacturing activity in the region
increased to 17.0 in Jan from 9.1 in Dec 2018. However, it was lower
than expectations.
MarketsforYou
• Nifty Jan 2019 Futures were at 10,927.15, a premium of 20.20 points,
over the spot closing of 10,906.95. The turnover on NSE’s Futures and
Options segment dropped to Rs. 5,13,332.07 crore on Jan 18, 2019,
compared with Rs. 17,48,184.90 crore on Jan 17, 2019.
• The Put‐Call ratio stood at 0.97 compared with the previous session’s
close of 0.82.
• The Nifty Put‐Call ratio stood at 1.56 compared with the previous
session’s close of 1.52.
• Open interest on Nifty Futures stood at 28.18 million as against the
previous session’s close at 28.03 million.
• The Indian rupee depreciated against the greenback on growing worries
over the pre‐election spending, which is expected to widen the fiscal
deficit. The rupee closed at 71.18 a dollar, down 0.19% compared with
the previous close of 71.05.
• The euro inched up against the greenback as market sentiments were
boosted on signs of growing optimism in trade talks between China and
the United States. The euro was last seen trading at 1.1407 a dollar, up
0.11% compared with the previous close of 1.1395.
• Gold prices moved down after media reports revealed that the U.S. is
considering to lower tariffs on Chinese imports.
• Brent crude price went up following reports from OPEC members
indicating highest drop in monthly production in two years.
Thank you for
your time.