23Jan2019
MarketsforYou
GlobalIndices
GlobalIndices 22‐Jan Prev_Day Abs.Change
%Change
#
DowJones 24,404 Closed NA NA
Nasdaq 7,020 Closed NA NA
FTSE 6,901 6,971 ‐69 ‐0.99
Nikkei 20,623 20,719 ‐96 ‐0.47
HangSeng 27,005 27,197 ‐191 ‐0.70
IndianIndices 22‐Jan Prev_Day Abs.Change
%Change
#
S&PBSESensex 36,445 36,579 ‐134 ‐0.37
Nifty50 10,923 10,962 ‐39 ‐0.36
Nifty100 11,124 11,153 ‐29 ‐0.26
NiftyBank 27,482 27,534 ‐51 ‐0.19
SGXNifty 10,920 10,975 ‐55 ‐0.50
S&PBSEPower 1,936 1,941 ‐5 ‐0.26
S&PBSESmallCap 14,332 14,403 ‐71 ‐0.49
S&PBSEHC 14,005 13,842 163 1.17
Date P/E Div.Yield P/E Div.Yield
22‐Jan 23.93 1.15 26.54 1.24
MonthAgo 23.49 1.21 26.02 1.24
YearAgo 26.03 1.07 27.62 1.03
Nifty50Top3Gainers
Company 22‐Jan Prev_Day
%Change
#
SunPharma 419 398 5.18
Wipro 347 338 2.58
TitanIndustries 983 963 2.07
Nifty50Top3Losers DomesticNews
Company 22‐Jan Prev_Day
%Change
#
Vedanta 192 198 ‐3.50
TataSteel 457 472 ‐3.21
M&M 709 730 ‐2.99
AdvanceDeclineRatio
BSE NSE
Advances 915 538
Declines 1653 1244
Unchanged 166 100
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐4064
MFFlows** 5368
*22
nd
Jan2019;**21
st
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)
23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
486
850
3.70%
(Sep‐18)
• Indian equity markets ended in the red, breaking their five‐day gaining
streak following renewed concerns over global economic slowdown. The
IMF has revised its growth projection to 3.5% rate worldwide for 2019
and 3.6% for 2020, which is a cut of 0.2 and 0.1 percentage points,
respectively, from its forecasts in Oct 2018. The losses were limited by a
stronger rupee and decline in crude oil prices.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.37% and
0.36%, respectively, to close at 36,444.64 and 10,922.75, respectively.
S&P BSE Mid‐Cap and S&P BSE Small Cap lost 0.09% and 0.49%,
respectively.
• The overall market breadth on BSE was weak with 915 scrips advancing
and 1653 scrips declining. A total of 166 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Healthcare was the major gainer, up
1.17%, followed by S&P BSE Realty and S&P BSE Consumer Durables, up
0.91% and 0.9%, respectively. S&P BSE Oil & Gas and S&P BSE Energy
gained 0.41% and 0.08%, respectively. S&P BSE Metal was the major
loser, down 2.31%.
• According to a report, 12 of the 17 states that the Reserve Bank of India
(RBI) categorises as 'non‐special' have grown faster than the national
economic growth rate of 6.7% in fiscal 2018. However, these states have
not excelled in job creation. In most of the states, growth was low in
'employment‐intensive' sectors such as manufacturing, construction and
trade, and hotels transport and communication services compared with
the national level.
• The Reserve Bank of India (RBI) has proposed to relax rules for entry of
new players in the retail payment systems. RBI is doing this to give a
boost to innovation and competition. RBI grants authorisation to non‐
banks for setting up and operating payment systems. By the end of 2018,
there were 89 authorised non‐bank Payment System Operators (PSOs).
• The committee on special economic zones (SEZ) has suggested that
certain sectors such as electronics are showing high domestic demand
and should have a plan for import substitution. For SEZs focussed on
services including information technology, medical tourism and financial
services, the panel said the government may not have to completely
change the existing policies but design measures to make them more
attractive for investors.
• Exporters could get incentives based on criteria such as research and
development, product‐specific clusters and production pattern under a
five‐year foreign trade policy (FTP). The FTP will be released later in 2019,
according to media reports. The commerce ministry is working on
recasting the existing export incentive schemes in line with the global
trade rules of the World Trade Organisation.
• Asian equity markets declined after the International Monetary Fund
(IMF) revised its growth forecast for the global economy. The IMF’s
revised projection is 3.5% growth rate worldwide for 2019 and 3.6% for
2020, which is a cut of 0.2 and 0.1 percentage points, respectively, from
its forecasts in Oct 2018. The main reasons behind the downgrade are the
trade tensions, Brexit uncertainties and slowing China growth. Today (as
of Jan 23), Asian markets opened lower amid concerns over the state of
ongoing U.S.‐China trade negotiations. While Nikkei and Hang Seng were
trading lower 0.53% and 0.46%, respectively (as at 8 a.m. IST).
• As per the last close, European markets fell after the International
Monetary Fund (IMF) decreased its forecast for global growth in 2019
that renewed concerns about global economy. Lower commodity prices
also contributed to the weakness.
• As per the last close, U.S markets declined after the IMF decreased its
forecast for global growth in 2019, which renewed fears of the global
economy slowing down. U.S. existing homes sales fell steeper than
forecast in Dec 2018, which added to the economic worries.
MarketsforYou
FIIDerivativeTradeStatistics 22‐Jan
(RsCr) Buy Sell OpenInt.
IndexFutures 2390.13 1904.75 38727.87
IndexOptions 68389.40 67744.03 64955.74
StockFutures 12408.28 12019.51 86225.63
StockOptions 10850.12 11012.46 10815.89
Total 94037.93 92680.75 200725.13
22‐Jan Prev_Day Change
PutCallRatio(OI) 1.53 1.59 ‐0.06
IndianDebtMarket
PutCallRatio(Vol) 0.96 0.95 0.01
22‐Jan Wk.Ago Mth.Ago YearAgo
CallRate 6.43% 6.42% 6.45% 5.92%
T‐Repo 6.52% 6.44% 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% 6.58% 6.65% 6.34%
364DayT‐Bill 6.80% 6.81% 6.95% 6.31%
10YearGilt 7.53% 7.47% 7.28% 7.26%
G‐SecVol.(Rs.Cr) 30725 22219 34307 32334
CurrencyMarketUpdate
FBILMIBOR* 6.55% 6.50% 6.59% 6.01%
3MonthCPRate 7.60% 7.65% 7.20% 7.58%
5YearCorpBond 8.44% 8.46% 8.21% 8.03%
1MonthCDRate 6.75% 6.66% 6.97% 6.23%
3MonthCDRate 7.09% 7.13% 6.95% 7.15%
1YearCDRate 7.95% 8.13% 8.16% 7.41%
CommodityMarketUpdate
Currency 22‐Jan Prev_Day Change
USD/INR 71.38 71.38 0.00
GBP/INR 91.90 91.89 0.01
EURO/INR 81.04 81.23 ‐0.19
InternationalNews
JPY/INR 0.65 0.65 0.00
Commodity 22‐Jan WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 52.54 51.75 45.33 63.61
BrentCrude($/bl) 61.24 58.29 51.87 69.56
Gold($/oz) 1285 1289 1256 1334
Gold(Rs./10gm) 32324 32117 31114 29965
Source:ThomsonReutersEikon
*Ason21‐Jan‐19
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
23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 10,936.20, a premium of 13.45 points,
over the spot closing of 10,922.75. The turnover on NSE’s Futures and
Options segment increased to Rs. 5,55,380.73 crore on Jan 22, 2019,
compared with Rs. 5,47,130.74 crore on Jan 21, 2019.
• The Put‐Call ratio stood at 0.88 compared with the previous session’s
close of 0.82.
• The Nifty Put‐Call ratio stood at 1.53 compared with the previous
session’s close of 1.59.
• Open interest on Nifty Futures stood at 27.95 million as against the
previous session’s close at 28.42 million.
• Bond yield fell as concerns over widening fiscal deficit eased following
the farm package news, which is not expected to bear major impact on
the fiscal consolidation program. In addition, fall in crude oil prices also
lifted the bond market sentiment.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) decreased 4
bps to close at 7.53% as compared with 7.57% in the previous session
after trading in the range of 7.51% to 7.55%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 9,072 crore (gross) on Jan 22, 2019 compared
with a borrowing of Rs. 18,973 crore (gross) on Jan 21, 2019. Sale of
securities under RBI's reverse repo window stood at Rs. 10,268 crore on
Jan 21, 2019.
• Banks borrowed Rs. 400 crore under the central bank’s Marginal
Standing Facility on Jan 21, 2019 compared with borrowing of Rs. 504
crore on Jan 18, 2019.
• The Indian rupee continued to depreciate against the greenback as
investor sentiments remain subdued for risk assets ahead of the general
elections, tension over fiscal deficit and global growth concerns. The
rupee closed at 71.44 a dollar, down 0.22% compared with the previous
close of 71.28.
• The euro declined against the greenback as investor sentiments were
dampened by poor eurozone growth outlook, stalling inflation and the
ongoing political unrest.
• Gold prices were steady to slightly higher amid rising concerns over
global economic slowdown. Investors’ risk‐taking appetite was
dampened after IMF trimmed its global growth forecast .
• Brent crude prices edged lower after IMF cautioned of sluggish global
economic growth.
• Office for National Statistics data showed, U.K. budget deficit for Dec
2018 came in more than expectations and was the second lowest figure
for the month in 18 years. The public sector net borrowing was GBP 3
billion in Dec, which is GBP 0.3 billion more than a year ago.
• Data from the ZEW ‐ Leibniz Centre for European Economic Research
Germany's showed investor confidence improved further at the start of
the year to its highest level in four months. This came despite
expectations for a weakening. The ZEW Indicator of Economic Sentiment
for Germany increased to ‐15.0 points from ‐17.5 in Dec 2018.
MarketsforYou
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