09Jul2019
MarketsforYou

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GlobalIndices
GlobalIndices 08‐Jul Prev_Day Abs.Change
%Change
#
Russell3000 1,299 1,307 ‐8 ‐0.61
Nasdaq 8,098 8,162 ‐63 ‐0.78
FTSE 7,549 7,553 ‐4 ‐0.05
Nikkei 21,534 21,746 ‐212 ‐0.98
HangSeng 28,332 28,775 ‐443 ‐1.54
IndianIndices 08‐Jul Prev_Day Abs.Change
%Change
#
S&PBSESensex 38,721 39,513 ‐793 ‐2.01
Nifty50 11,559 11,811 ‐253 ‐2.14
Nifty100 11,650 11,904 ‐254 ‐2.13
Nifty500 9,448 9,658 ‐210 ‐2.17
NiftyBank 30,604 31,476 ‐872 ‐2.77
S&PBSEPower 2,010 2,075 ‐64 ‐3.10
S&PBSESmallCap 13,795 14,142 ‐347 ‐2.46
S&PBSEHC 12,554 12,719 ‐165 ‐1.30
Date P/E Div.Yield P/E Div.Yield
8‐Jul 27.84 1.21 28.42 1.27
MonthAgo 28.16 1.21 29.36 1.23
YearAgo 22.71 1.24 26.62 1.21
Nifty50Top3Gainers
Company 08‐Jul Prev_Day
%Change
#
YesBank 93 88 5.67
HCLTech 1039 1016 2.23
BhartiInfratel 263 261 0.57
Nifty50Top3Losers DomesticNews
Company 08‐Jul Prev_Day
%Change
#
BajajFinservLimited 7593 8435 ‐9.99
BajajFinance 3413 3719 ‐8.22
ONGC 152 162 ‐5.63
AdvanceDeclineRatio
BSE NSE
Advances 534 351
Declines 1992 1488
Unchanged 143 97
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 75536
MFFlows** 8705
*8
th
Jul2019;**4
th
Jul2019
EconomicIndicator
YoY(%) Current YearAgo
CPI
3.05%
(May‐19)
4.87%
(May‐18)
IIP
3.40%
(Apr‐19)
4.50%
(Apr‐18)
GDP
5.80%
(Mar‐19)
8.10%
(Mar‐18)
09July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
1.60%
(Jan‐19)
6.60%
(Dec‐18)
QuarterAgo
Inflow/Outflow
191
600
2.57%
(Feb‐19)
• Indian equity markets declined as investors are still reeling under the
aftereffects of the Union Budget 2019‐20. The market was expecting a big
stimulus for the economy in the budget, which didn’t happen. Instead,
the finance minister announced certain measures that didn’t go down
well with investors. Measures such as increasing public holding in listed
companies from 25% to 35%.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 2.01% and
2.14%, respectively, to close at 38,720.57 and 11,558.60, respectively.
S&P BSE Mid‐Cap and S&P BSE Small Cap lost 1.99% and 2.46%,
respectively.
• The overall market breadth on BSE was weak with 534 scrips advancing
and 1992 scrips declining. A total of 143 scrips remained unchanged.
• On the BSE sectoral front, all the sectors lost. S&P BSE Capital Goods
was the major loser, down 3.78%, followed by S&P BSE Realty, down
3.50%, and S&P BSE Auto, down 3.14%. S&P BSE Power and S&P BSE
Industrials were down 3.10% and 3.03%, respectively.
• According to government’s Meteorological Department, the monsoon
has covered almost the entire country, but three‐fourths of the
department’s sub‐meteorological divisions still fall under the “deficient”
rainfall category. India Meteorological Department’s data shows the
overall monsoon deficiency, which was 33% at the start of the month, has
dipped to 21%. No sub‐division in the country recorded “large
deficiency”.
• According to media reports, the National Campaign Committee for
Construction Workers has approached the Prime Minister and opposed
the government’s move to subsume labour laws into four codes as it will
repeal the BOCW Act under which various benefits are being provided to
construction workers. The repealing of the Building and Other
Construction Workers (BOCW) Act of 1996 will lead to the closure of all
the 36 state BOCW Boards, cancellation of about four crore registrations
of construction workers as beneficiaries, said the committee’s
coordinator.
• The finance ministry has justified raising tax incidence on the super rich,
saying the highest tax rate in India was still lower than many countries,
including the U.S. and China. The ministry said it is a worldwide
phenomenon to ask the super rich to pay extra tax. Revenue secretary
said that the highest tax individual tax rate is 45% in China and South
Africa, and 50.3% in the U.S.
• The finance secretary said the government will soon start the process of
raising funds from overseas markets by issuing sovereign bonds in the
second half of the fiscal. The finance minister in Budget 2019‐20
announced that the government would start raising a part of its gross
borrowing programme from external markets in foreign currencies. She
added that India’s sovereign external debt‐to‐GDP level is among the
lowest globally at less than 5%.
• Asian equity markets declined as a strong rebound in U.S. jobs data
crushed hopes of a rate cut by the U.S. Federal Reserve in its next
meeting. Sentiment was also soured by tensions in the Middle East as
Iran said it would break a restriction set on uranium enrichment under its
2015 nuclear accord with major world powers. Today (as of July 09), Asian
markets opened on a mixed note despite fall on the Wall Street
overnight. While Nikkei was trading higher 0.50%, Hang Seng was lower
0.33% (as at 8 a.m. IST).
• As per the last close, European markets fell on better than expected
U.S. nonfarm payroll data for Jun 2019, which declined hopes for a near‐
term interest rate cut from the U.S. Federal Reserve (Fed). Also
geopolitical tensions continued to weigh on sentiment.
• As per the last close, U.S markets declined following upbeat U.S.
nonfarm payroll data for Jun 2019, which lowered expectation about a
near‐term interest rate cut from the U.S. Fed. Also fall in share prices of
an American multinational technology company also weighed on the
markets after a US brokerage firm downgraded its rating.
MarketsforYou
FIIDerivativeTradeStatistics 08‐Jul
(RsCr) Buy Sell OpenInt.
IndexFutures 3487.68 4160.55 17476.05
IndexOptions 199913.77 199982.02 38651.26
StockFutures 13401.05 13468.12 84124.54
StockOptions 7300.01 7431.70 2879.76
Total 224102.51 225042.39 143131.61
08‐Jul Prev_Day Change
PutCallRatio(OI) 0.88 1.09 ‐0.21
IndianDebtMarket
PutCallRatio(Vol) 0.68 0.70 ‐0.02
08‐Jul Wk.Ago Mth.Ago YearAgo
CallRate 5.65% 5.74% 5.69% 6.15%
T‐Repo 5.68% 5.55% 5.74% NA
Repo 5.75% 5.75% 5.75% 6.25%
ReverseRepo 5.50% 5.50% 5.50% 6.00%
91DayT‐Bill 5.80% 5.90% 5.91% 6.33%
364DayT‐Bill 6.01% 6.10% 6.05% 7.16%
10YearGilt 6.56% 6.88% 6.97% 7.87%
G‐SecVol.(Rs.Cr) 102561 35844 48346 17580
CurrencyMarketUpdate
FBILMIBOR* 5.69% 5.97% 5.95% 6.25%
3MonthCPRate 6.85% 6.90% 6.60% 7.20%
5YearCorpBond 7.87% 8.03% 7.91% 8.86%
1MonthCDRate 5.93% 5.92% 5.77% 6.30%
3MonthCDRate 6.15% 6.40% 6.13% 7.00%
1YearCDRate 7.39% 7.11% 7.12% 8.12%
CommodityMarketUpdate
Currency 08‐Jul Prev_Day Change
USD/INR 68.70 68.75 ‐0.05
GBP/INR 86.06 86.50 ‐0.44
EURO/INR 77.11 77.52 ‐0.41
InternationalNews
JPY/INR 0.63 0.64 0.00
Commodity 08‐Jul WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 57.32 58.88 53.90 73.73
BrentCrude($/bl) 65.48 65.66 65.54 74.57
Gold($/oz) 1395 1384 1340 1254
Gold(Rs./10gm) 34437 33549 32607 30540
Source:ThomsonReutersEikon
*Asonprevioustradingday
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
09July2019
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty Jul 2019 Futures stood at 11,566.30, a premium of 7.70 points,
above the spot closing of 11,558.60. The turnover on NSE’s Futures and
Options segment increased to Rs. 11,59,947.41 crore on Jul 8, 2019,
compared with Rs. 10,46,886.87 crore on Jul 5, 2019.
• The Put‐Call ratio stood unchanged at 0.79 compared with the previous
session’s close.
• The Nifty Put‐Call ratio stood at 0.88 compared with the previous
session’s close of 1.09.
• Open interest on Nifty Futures stood at 20.15 million, compared with
the previous session’s close of 19.63.
• Bond yield continued to dip as the government announced its plan for
raising a proportion of its borrowing through bond sales in the overseas
market. This somewhat helped in alleviating fears of widening fiscal
deficit ahead of the federal budget.
• Yield on the 10‐year benchmark paper (7.26% GS 2029) declined 13 bps
to 6.56% compared with the previous close of 6.69% after trading in a
range of 6.56% to 6.73%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 9,992 crore (gross) on Jul 8, 2019, compared
with Rs. 5,417 crore (gross) as on Jul 5, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 28,746
crore on Jul 5, 2019.
• Banks borrowed Rs. 1,150 crore under the central bank’s Marginal
Standing Facility on Jul 5, 2019 compared with borrowings of Rs. 1,447
crore on Jul 4, 2019.
• The Indian rupee weakened against the greenback following the
release of robust U.S. jobs report, which dampened hopes of a near‐term
policy rate cut by the U.S. Federal Reserve. The rupee closed at 68.66 a
dollar, down 0.35% compared with the previous close 68.42.
• The euro declined tracking greenback strength after U.S. jobs report
came in stronger than expected. The euro was last seen trading at
1.1214, down 0.09% compared with the previous close of 1.1224.
• Gold prices edged up with rising geopolitical worries between the U.S.
and Iran.
• Brent crude prices rose after U.S. jobs report came in stronger‐than‐
expected. Employment for Jun rose by 224,000 jobs compared with
72,000 jobs in May 2019.
• A Labor Department report showed U.S. employment jumped by much
more than expected in Jun 2019. The report said employment surged up
by 224,000 jobs in Jun after edging up by 72,000 jobs in May 2019.
• Destatis data showed Germany's industrial production recovered in
May 2019. Industrial output grew 0.3% MoM in May, reversing a revised
2% fall in Apr 2019.
• People's Bank of China data showed China's foreign exchange reserves
rose $18.2 billion to $3.119 trillion at the end of Jun 2019 from $3.101
trillion at the end of May 2019.
MarketsforYou
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your time.

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