25Jan2019
MarketsforYou
GlobalIndices
GlobalIndices 24‐Jan Prev_Day Abs.Change
%Change
#
DowJones 24,553 24,576 ‐22 ‐0.09
Nasdaq 7,073 7,026 48 0.68
FTSE 6,819 6,843 ‐24 ‐0.35
Nikkei 20,575 20,594 ‐19 ‐0.09
HangSeng 27,121 27,008 113 0.42
IndianIndices 24‐Jan Prev_Day Abs.Change
%Change
#
S&PBSESensex 36,195 36,108 87 0.24
Nifty50 10,850 10,832 18 0.17
Nifty100 11,049 11,035 14 0.13
NiftyBank 27,266 27,251 16 0.06
SGXNifty 10,887 10,859 28 0.26
S&PBSEPower 1,902 1,912 ‐10 ‐0.51
S&PBSESmallCap 14,225 14,309 ‐84 ‐0.59
S&PBSEHC 13,999 14,067 ‐68 ‐0.48
Date P/E Div.Yield P/E Div.Yield
24‐Jan 23.77 1.16 26.31 1.24
MonthAgo 23.30 1.18 25.80 1.25
YearAgo 26.34 1.07 27.66 1.02
Nifty50Top3Gainers
Company 24‐Jan Prev_Day
%Change
#
YesBank 215 197 9.20
RIL 1247 1226 1.72
TCS 1902 1876 1.38
Nifty50Top3Losers DomesticNews
Company 24‐Jan Prev_Day
%Change
#
BhartiInfratel 263 277 ‐5.05
TataMotors 175 180 ‐2.69
UnitedPhos 747 763 ‐2.03
AdvanceDeclineRatio
BSE NSE
Advances 907 591
Declines 1581 1178
Unchanged 166 103
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐4683
MFFlows** 6225
*24
th
Jan2019;**23
rd
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)
25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
746
‐1067
3.70%
(Sep‐18)
• Indian equity markets managed to gain in an otherwise subdued
session. Investors remained on the sidelines because of global concerns
over U.S.‐China trade relations, U.S. government shutdown and Brexit.
Markets moved up in the end as a major private bank announced the
name of its new managing director and chief executive officer, ending
months of speculation.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.24% and
0.17%, respectively, to close at 36,195.10 and 10,849.80, respectively.
S&P BSE Mid‐Cap and S&P BSE Small Cap lost 0.15% and 0.59%,
respectively.
• The overall market breadth on BSE was weak with 907 scrips advancing
and 1581 scrips declining. A total of 166 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Realty was the major gainer, up
2.05%, followed by S&P BSE Energy, up 0.94%, and S&P BSE Information
Technology, up 0.76%. S&P BSE Teck gained 0.49% and S&P BSE Fast
Moving Consumer Goods gained 0.17%. S&P BSE Telecom was the major
loser, down 1.97%, followed by S&P BSE Industrials and S&P BSE Auto,
down 0.95% and 0.85%, respectively.
• The government could double the minimum pension under the
Employees’ Pension Scheme to Rs. 2,000 per month, according to media
news. The move could benefit more than 4 million workers. People under
the Employees’ Provident Fund Organisation (EPFO) will automatically
become subscribers to the pension scheme. A high‐level labour
committee has proposed to raise the pension and is being “actively”
considered by the finance ministry, the report said. The government
spends around Rs. 9,000 crore annually on pensions under the Employee
Pension Scheme. This figure will go up to Rs. 12,000 crore if the proposal
is accepted.
• The cabinet has approved setting up of the national bench of the
appellate tribunal (AT) for disputes under the goods and services tax
(GST). The body (GSTAT) will be the first common forum of dispute
resolution between the Centre and states. Also, it will be an adjudication
authority on distinct orders passed by different state‐level appellate
authorities on the same issue of law. GSTAT bench will be located in Delhi
and presided by the president along with two technical member — one
each from the Centre and state.
• An interim finance minister has been appointed for second time in the
absence of the incumbent finance minister. The interim minister will
present the upcoming Budget 2019‐20. This has happened as the
incumbent finance minister is said to be in the U.S. for the treatment of
an illness.
• India has started bilateral talks on the modalities of tariff concessions
with China. India is under pressure to reduce duties on at least 80% of its
imports from China under a mega trade agreement Regional
Comprehensive Economic Partnership that covers 16 countries. The two‐
day meeting is being held in China and will be preceded by a meeting of
negotiators of the 16 participating countries in Jakarta, Indonesia, later in
the week. In the that meeting all the member countries of RCEP will work
out timelines aimed at concluding the agreement in 2019. India’s major
concern is China as it had a trade deficit of $63 billion in 2017‐18.
• Asian equity markets were mostly high as U.S. behemoths posting
upbeat earnings gave investors some confidence in the health of the
economy. But the gains were limited on trade tensions and U.S.
government shutdown. Chinese Premier will visit the U.S. next week for
the next round of trade talks. Today (as of Jan 25), Asian markets opened
higher despite uncertainties about U.S.‐China trade negotiations. Both
Nikkei and Hang Seng were trading higher 0.71% and 0.93%, respectively
(as at 8 a.m. IST).
• As per the last close, European markets closed on a mixed note as
market participants making cautious moves amid lingering concerns
about U.S.‐China trade disputes. Market participants were also tracking
news on Brexit and the partial U.S. government shutdown for direction.
• As per the last close, U.S markets closed on a mixed note on concerns
over the U.S. ‐ China trade talks. The U.S. Commerce Secretary said that
the trade deal between U.S. and China is far away, which should not be
too surprising considering lots of issues.
MarketsforYou
FIIDerivativeTradeStatistics 24‐Jan
(RsCr) Buy Sell OpenInt.
IndexFutures 2080.83 2395.48 37495.08
IndexOptions 104315.68 105111.97 71687.34
StockFutures 11775.19 11942.14 85633.91
StockOptions 8639.47 8902.94 11368.88
Total 126811.17 128352.53 206185.21
24‐Jan Prev_Day Change
PutCallRatio(OI) 1.44 1.43 0.00
IndianDebtMarket
PutCallRatio(Vol) 0.96 1.05 ‐0.08
24‐Jan Wk.Ago Mth.Ago YearAgo
CallRate 6.41% 6.39% 6.50% 5.90%
T‐Repo 6.41% 6.48% 6.52% ‐‐
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% 6.58% 6.60% 6.40%
364DayT‐Bill 6.76% 6.80% 6.95% 6.55%
10YearGilt 7.56% 7.55% 7.29% 7.28%
G‐SecVol.(Rs.Cr) 22173 24913 21720 33457
CurrencyMarketUpdate
FBILMIBOR* 6.60% 6.50% 6.60% 6.05%
3MonthCPRate 7.65% 7.65% 7.20% 7.73%
5YearCorpBond 8.47% 8.42% 8.22% 7.98%
1MonthCDRate 6.71% 6.73% 7.13% 6.25%
3MonthCDRate 6.94% 7.21% 7.10% 7.23%
1YearCDRate 7.89% 7.91% 8.17% 7.45%
CommodityMarketUpdate
Currency 24‐Jan Prev_Day Change
USD/INR 71.28 71.20 0.08
GBP/INR 93.15 92.21 0.94
EURO/INR 81.11 80.94 0.17
InternationalNews
JPY/INR 0.65 0.65 0.00
Commodity 24‐Jan WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 52.84 51.78 45.33 65.66
BrentCrude($/bl) 61.53 59.49 51.87 70.10
Gold($/oz) 1281 1291 1268 1358
Gold(Rs./10gm) 32226 32396 31190 30239
Source:ThomsonReutersEikon
*
Ason23‐01‐19
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
25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 10,868.60, a premium of 18.80 points,
over the spot closing of 10,849.80. The turnover on NSE’s Futures and
Options segment increased to Rs. 16,41,864.45 crore on Jan 24, 2019,
compared with Rs. 8,22,817.44 crore on Jan 23, 2019.
• The Put‐Call ratio stood at 0.75 compared with the previous session’s
close of 0.89.
• The Nifty Put‐Call ratio stood at 1.44 compared with the previous
session’s close of 1.43.
• Open interest on Nifty Futures stood at 28.05 million as against the
previous session’s close at 28.00 million.
• Bond yield eased following the decline in crude oil prices, which aided
sentiments on persistent fiscal concerns. However, profit booking by
trader restricted further fall of yield.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) decreased 2
bps to close at 7.56% as compared with 7.58% in the previous session
after trading in the range of 7.55% to 7.61%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,441 crore (gross) on Jan 24, 2019 compared
with a borrowing of Rs. 5,576 crore (gross) on Jan 23, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 11,845 crore on Jan 23, 2019.
• Banks borrowed Rs. 130 crore under the central bank’s Marginal
Standing Facility on Jan 23, 2019 compared with borrowing of Rs. 325
crore on Jan 22, 2019.
• The Indian rupee appreciated against the greenback as crude oil prices
declined over demand concerns. Greenback sale by foreign banks also
helped in lifting the local currency.
• The euro declined against the greenback as market participants stay
wary ahead of the European Central Bank’s monetary policy review
meeting. Policymakers are expected to discuss the economic slowdown
and lay down plans for interest rate changes at the meeting.
• Gold prices declined on positive U.S. corporate earnings and
expectations of positive trade negotiations between U.S. and China.
• Brent crude prices drifted lower on demand concerns after IMF’s MD
remarked that the U.S.‐China trade feud could slowdown the Chinese
economy’s growth.
• The European Central Bank (ECB) is expected to leave its interest rates
and forward guidance unchanged on Jan 24, 2019. The bank ended its
massive asset purchase programme in Dec 2018. Varied risks including
the slowing of the economy, global trade tensions and Brexit uncertainty
have hampered the outlook for euro zone growth.
• Nikkei latest survey showed the manufacturing sector in Japan fell into
stagnation in Jan 2019. Manufacturing PMI score came in at 50.0, down
from 52.6 in Dec 2018. The score separates expansion from contraction.
Exports declined at the fastest pace in two and a half years, while
production dropped for the first time since Jul 2016.
MarketsforYou
Thank you for
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