22Jan2019
MarketsforYou
GlobalIndices
GlobalIndices 21‐Jan Prev_Day Abs.Change
%Change
#
DowJones Closed 24,706 NA NA
Nasdaq Closed 7,157 NA NA
FTSE 6,971 6,968 2 0.03
Nikkei 20,719 20,666 53 0.26
HangSeng 27,197 27,091 106 0.39
IndianIndices 21‐Jan Prev_Day Abs.Change
%Change
#
S&PBSESensex 36,579 36,387 192 0.53
Nifty50 10,962 10,907 55 0.50
Nifty100 11,153 11,110 44 0.39
NiftyBank 27,534 27,457 77 0.28
SGXNifty 10,975 10,955 20 0.18
S&PBSEPower 1,941 1,955 ‐14 ‐0.70
S&PBSESmallCap 14,403 14,505 ‐102 ‐0.70
S&PBSEHC 13,842 13,802 40 0.29
Date P/E Div.Yield P/E Div.Yield
21‐Jan 24.06 1.15 26.29 1.23
MonthAgo 23.49 1.21 26.02 1.24
YearAgo 26.06 1.08 27.44 1.04
Nifty50Top3Gainers
Company 21‐Jan Prev_Day
%Change
#
RIL 1238 1184 4.50
KotakBank 1268 1240 2.21
BajajFinserv 6385 6250 2.15
Nifty50Top3Losers DomesticNews
Company 21‐Jan Prev_Day
%Change
#
HeroMoto 2794 2899 ‐3.61
YesBank 192 199 ‐3.35
Wipro 338 346 ‐2.41
AdvanceDeclineRatio
BSE NSE
Advances 933 553
Declines 1671 1238
Unchanged 169 107
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐4914
MFFlows** 4892
*21
st
Jan2019;**18
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)
22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
364
‐1928
3.70%
(Sep‐18)
• Indian equity markets gained amid positive global cues as U.S. and
China seemed to be coming closer to a long‐term solution to the trade
conflict. Media reports showed China has offered to buy more American
goods through 2024 to rectify the trade imbalance with the U.S. On the
domestic front, investors were buoyed by upbeat corporate earnings.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.53% and
0.50%, respectively, to close at 36,578.96 and 10,961.85, respectively.
S&P BSE Mid‐Cap and S&P BSE Small Cap lost 0.56% and 0.70%,
respectively.
• The overall market breadth on BSE was weak with 933 scrips advancing
and 1671 scrips declining. A total of 169 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Energy was the major gainer, up
2.68%, followed by S&P BSE Oil & Gas and S&P BSE Information
Technology, up 0.7% and 0.64%, respectively. S&P BSE Realty was the
major loser, down 1.22%, followed by S&P BSE Auto and S&P BSE
Industrials, down 1.08% and 0.79%, respectively.
• The International Monetary Fund (IMF) has upgraded the growth
forecasts of the Indian economy for 2019 by 10 bps to 7.5%. For 2018,
IMF estimated the growth of the Indian economy at 7.3% and projected
the growth rate to go up to 7.7% in 2020. IMF is of the view that low
global crude oil prices, slower pace of monetary tightening and fall in
domestic inflationary pressures will provide support to the growth
prospects of the Indian economy.
• According to media reports, the government is planning to transfer cash
to farmers instead of giving them subsidies in order to ease their financial
burden. The government is considering combining all farm subsidies
which includes fertilizer costs and pay farmers the required cash. The
additional cost will remain limited at Rs. 70,000 crore annually following
the full roll out of the program. It needs to be noted that the government
has surpassed its annual budget deficit target and thus has little room for
spending in the current year.
• According to media reports, the government is considering lowering
customs duty on certain medical items in the upcoming union budget.
The objective of the move is to give a boost to the domestic
manufacturing of such goods. The move is also expected to provide
support to the government’s Make in India initiative. It needs to be noted
that the government till recently has set up a National Medical Devices
Promotion Council in order to bring investments, boost manufacturing
and promote exports of the fast‐growing sector.
• According to a domestic research agency, cumulative fiscal deficit of
states in India is expected to increase following the announcement of
farm support packages by the government as a prelude to national
elections due by May. The aggregate budget deficit of Indian states is
seen to increase to 3.2% of gross domestic product in 2019‐20 beginning
Apr compared with 2.8% expected for 2018‐19.
• Asian equity markets gained as positive developments occurred in the
U.S.‐China trade relations. Media reports showed that China has agreed
to buy more American goods through 2024 to rectify its trade imbalance
with the U.S. Also, China’s GDP data came along expectations, although
the growth rate is the slowest in 28 years. Investors hoped this will make
the government raise it support for the economy. Today (as of Jan 22),
Asian markets opened mostly lower on concerns about global outlook.
While Nikkei was trading higher 0.03%, Hang Seng was down 0.53% (as at
8a.m.IST).
• As per the last close, European markets fell after Chinese economy in
2018 grew 6.6%, which is the slowest pace since 1990. This increased
concerns about the global growth. Market participants are closely
tracking the developments on the Brexit front and remained concerned
about the impact of the ongoing government shutdown in the U.S.
• As per the last close, U.S markets remained closed on occasion of
Martin Luther King, Jr. Day.
MarketsforYou
FIIDerivativeTradeStatistics 21‐Jan
(RsCr) Buy Sell OpenInt.
IndexFutures 1973.28 2371.62 38410.31
IndexOptions 64278.91 65333.37 63239.00
StockFutures 12749.79 12212.19 85334.80
StockOptions 9773.67 9888.25 10518.47
Total 88775.65 89805.43 197502.58
21‐Jan Prev_Day Change
PutCallRatio(OI) 1.59 1.56 0.03
IndianDebtMarket
PutCallRatio(Vol) 0.95 0.98 ‐0.03
21‐Jan Wk.Ago Mth.Ago YearAgo
CallRate 6.49% 6.37% 6.45% 5.93%
T‐Repo 6.52% 6.38% 6.48% ‐‐
Repo 6.50% 6.50% 6.50% 6.00%
ReverseRepo 6.25% 6.25% 6.25% 5.75%
91DayT‐Bill 6.54% 6.60% 6.65% 6.36%
364DayT‐Bill 6.79% 6.83% 6.95% 6.48%
10YearGilt 7.57% 7.43% 7.28% 7.29%
G‐SecVol.(Rs.Cr) 41537 40484 34307 35926
CurrencyMarketUpdate
FBILMIBOR* 6.48% 6.50% 6.59% 5.96%
3MonthCPRate 7.60% 7.65% 7.20% 7.58%
5YearCorpBond 8.45% 8.34% 8.21% 8.03%
1MonthCDRate 6.71% 6.69% 6.97% 6.23%
3MonthCDRate 7.11% 7.11% 6.95% 7.03%
1YearCDRate 7.95% 8.13% 8.16% 7.36%
CommodityMarketUpdate
Currency 21‐Jan Prev_Day Change
USD/INR 71.38 71.14 0.24
GBP/INR 91.89 92.29 ‐0.40
EURO/INR 81.23 81.07 0.17
InternationalNews
JPY/INR 0.65 0.65 0.00
Commodity 21‐Jan WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) Closed 50.26 45.33 63.33
BrentCrude($/bl) 62.19 58.44 51.87 68.71
Gold($/oz) 1280 1292 1256 1331
Gold(Rs./10gm) 32154 32117 31114 29958
Source:ThomsonReutersEikon
*Ason21‐01‐19
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
22January2019
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty Jan 2019 Futures were at 10,969.70, a premium of 7.85 points,
over the spot closing of 10,961.85. The turnover on NSE’s Futures and
Options segment increased to Rs. 5,47,130.74 crore on Jan 21, 2019,
compared with Rs. 5,13,332.07 crore on Jan 18, 2019.
• The Put‐Call ratio stood at 0.82 compared with the previous session’s
close of 0.97.
• The Nifty Put‐Call ratio stood at 1.59 compared with the previous
session’s close of 1.56.
• Open interest on Nifty Futures stood at 28.42 million as against the
previous session’s close at 28.18 million.
• Bond yield eased as traders resorted to short covering on the farmer
package related news. The farm package is not expected to widen the
fiscal deficit this year. The farm package is estimated to have a limited
impact even in the next year’s fiscal deficit. This somewhat relieved
investors and aided the market sentiment.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) decreased 2
bps to close at 7.57% as compared with 7.59% in the previous session
after trading in the range of 7.54% to 7.65%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 18,973 crore (gross) on Jan 21, 2019 compared
with a borrowing of Rs. 7,776 crore (gross) on Jan 18, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 27,976 crore on Jan 18, 2019.
• The Indian rupee depreciated against the greenback as crude oil prices
stayed above the $60‐mark. This fueling concerns over widening current
account deficit and adversely impacted the domestic currency. However,
dollar sale by importers limited further losses.
• The euro inched up against the greenback on optimism about
improving U.S‐China trade relations. Investors cheered on the U.S.
President’s remark on the progress of trade talks with China, which
supported the single currency.
• Gold prices moved down amid news on China’s GDP data that grew
1.5% in the last quarter of 2018, which was in line with expectation.
• Brent crude prices saw a marginal fall on news of China’s GDP data.
China's GDP grew in line with expectation, but it dropped over the
quarter. This raised concerns over the global oil demand.
• A University of Michigan preliminary report showed consumer
sentiment in the U.S. saw a significant decrease in Jan 2019. Consumer
sentiment index declined to 90.7 in Jan from the final Dec 2018 reading
of 98.3, which is lower than expectations. This is lowest level since Oct
2016, when the data was 87.2.
• U.S. Federal Reserve report showed industrial production in the U.S.
increased by a little more than expectations in Dec 2018. This happened
as manufacturing and mining output more than offset a sharp decline in
utilities output. The Fed said industrial production increased 0.3% in Dec
after climbing 0.4% in Nov 2018, which is higher than expectations.
MarketsforYou
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