10Jul2019
MarketsforYou

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GlobalIndices
GlobalIndices 09‐Jul Prev_Day Abs.Change
%Change
#
Russell3000 1,305 1,299 5 0.40
Nasdaq 8,142 8,098 43 0.54
FTSE 7,536 7,549 ‐13 ‐0.17
Nikkei 21,565 21,534 31 0.14
HangSeng 28,116 28,332 ‐215 ‐0.76
IndianIndices 09‐Jul Prev_Day Abs.Change
%Change
#
S&PBSESensex 38,731 38,721 10 0.03
Nifty50 11,556 11,559 ‐3 ‐0.02
Nifty100 11,656 11,650 6 0.05
Nifty500 9,456 9,448 8 0.08
NiftyBank 30,569 30,604 ‐35 ‐0.11
S&PBSEPower 2,031 2,010 20 1.01
S&PBSESmallCap 13,802 13,795 8 0.05
S&PBSEHC 12,781 12,554 227 1.81
Date P/E Div.Yield P/E Div.Yield
9‐Jul 27.87 1.21 28.41 1.27
MonthAgo 28.16 1.21 29.36 1.23
YearAgo 23.02 1.22 26.82 1.20
Nifty50Top3Gainers
Company 09‐Jul Prev_Day
%Change
#
BajajFinance 3603 3413 5.56
SunPharma 386 367 5.34
IndianOil 151 144 5.10
Nifty50Top3Losers DomesticNews
Company 09‐Jul Prev_Day
%Change
#
GAIL 147 302 ‐51.31
TitanIndustries 1099 1252 ‐12.26
UnitedPhos 640 662 ‐3.33
AdvanceDeclineRatio
BSE NSE
Advances 1172 882
Declines 1270 919
Unchanged 160 100
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 75206
MFFlows** 8536
*9
th
Jul2019;**8
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)
10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
‐239
‐330
2.57%
(Feb‐19)
• The government aims to raise up to Rs. 150 billion by reducing its stake
in 18 state firms to 75%, media reports stated. This is being done to
increase revenues and keep fiscal deficit under control. The finance
minister has set a target of Rs 1.05 trillion from the sale of stakes in state‐
run companies, compared with Rs. 850 billion set in the previous year, in
the budget.
• The Basel Committee on Banking Supervision has said that the Reserve
Bank of India’s (RBI) norms on large exposures for banks are stricter than
Basel requirements in some areas. The committee is the primary global
standard setter for the prudential regulation of banks.
• The Telecom Regulatory Authority of India (TRAI) has stuck to its
recommendation on the reserve price of spectrum, including 5G band,
said media news. The Digital Communications Commission (DCC) had
asked TRAI to reconsider its spectrum recommendations to ensure
competition and greater participation of larger set of players in auctions
slated for 2019. The 5G band is aimed by the government to be put up for
auctions later in 2019.
• Steel minister told the Parliament that finished steel imports increased
4.7% to 7.83 million tonne (MT) in 2018‐19. The country had imported
7.48 MT of finished steel in 2017‐18. In 2018‐19, finished steel import
stood at 7.83 MT, an increase of 4.7% in comparison to 2017‐18.
• A major global rating agency has said a higher disinvestment and
dividend target for state‐owned firms could strain their credit profiles.It
added that steps toward private participation in rail infrastructure could
create growth opportunities for corporates.
• Reserve Bank of India governor has said the central bank will discuss
issuance of overseas sovereign bonds with the government. After the
customary post‐budget meeting with the finance minister, he said the
system has sufficient liquidity and the budget has made provision for the
non‐banking financial sector.
MarketsforYou
• Asian equity markets were broadly down as investors remained
cautious ahead of U.S. Federal Reserve chairman’s two‐day testimony to
Congress, scheduled on Jul 10 and 11, 2019. Investors are keeping their
ears to the ground for any rate‐hike cues in the testimony. After the
strong jobs report, the chairman’s tone could be dovish. Today (as of July
10), Asian markets opened on a mixed note ahead of the Congressional
testimony by U.S. Federal Reserve Chairman. Both Nikkei and Hang Seng
were trading higher 0.09% and 0.49%, respectively (as at 8 a.m. IST).
• As per the last close, European markets fell on lowered expectation
about a near‐term interest rate cut in the U.S, major German Bank's
decision to cut jobs and a profit warning from German chemicals major.
Market participants remained cautious ahead of the U.S. Federal Reserve
Chairman’s testimony to Congress on Wednesday.
• As per the last close, U.S markets closed on a mixed note as market
participants largely seemed reluctant to make significant moves ahead of
Congressional testimony by U.S. Federal Reserve Chairman.
• Indian equity markets were flat as investors remained cautious of some
of the budget proposals and the impending earnings season. Global cues
were weak too as the strong U.S. jobs report has dimmed the hopes of
the U.S. Federal Reserve cutting interest rates at its next meeting.
• Key benchmark indices S&P BSE Sensex gained 0.03% and Nifty 50 lost
0.02%, respectively, to close at 38,730.82 and 11,555.90, respectively.
S&P BSE Mid‐Cap and S&P BSE Small Cap gained 0.63% and 0.05%,
respectively.
• The overall market breadth on BSE was weak with 1172 scrips
advancing and 1270 scrips declining. A total of 160 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Realty was the major gainer, up
2.81%, followed by S&P BSE Healthcare, up 1.81%, and S&P BSE Energy,
up 1.77%. S&P BSE Capital Goods and S&P BSE Oil & Gas gained 1.65%
and 1.11%, respectively. S&P BSE Consumer Durables was the major
loser, down 6.76%, followed by S&P BSE Consumer Discretionary Goods &
Services and S&P BSE IT, down 1.01% and 0.98%, respectively.
FIIDerivativeTradeStatistics 09‐Jul
(RsCr) Buy Sell OpenInt.
IndexFutures 4340.36 7242.32 17890.99
IndexOptions 197371.12 194300.76 41339.59
StockFutures 12939.83 13837.35 83179.41
StockOptions 7042.20 7106.46 2981.61
Total 221693.51 222486.89 145391.60
09‐Jul Prev_Day Change
PutCallRatio(OI) 0.91 0.88 0.03
IndianDebtMarket
PutCallRatio(Vol) 0.74 0.68 0.05
09‐Jul Wk.Ago Mth.Ago YearAgo
CallRate 5.62% 5.71% 5.69% 6.18%
T‐Repo 5.70% 5.49% 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 5.85% 5.94% 5.91% 6.34%
364DayT‐Bill 6.03% 6.11% 6.05% 7.13%
10YearGilt 6.59% 6.85% 6.97% 7.89%
G‐SecVol.(Rs.Cr) 56708 42158 48346 12798
CurrencyMarketUpdate
FBILMIBOR* 5.79% 5.90% 5.80% 6.19%
3MonthCPRate 6.80% 6.90% 6.60% 7.15%
5YearCorpBond 7.88% 8.02% 7.91% 8.86%
1MonthCDRate 5.93% 5.91% 5.77% 6.33%
3MonthCDRate 6.77% 6.38% 6.13% 7.01%
1YearCDRate 6.94% 7.50% 7.12% 8.15%
CommodityMarketUpdate
Currency 09‐Jul Prev_Day Change
USD/INR 68.73 68.70 0.03
GBP/INR 85.88 86.06 ‐0.18
EURO/INR 77.05 77.11 ‐0.06
InternationalNews
JPY/INR 0.63 0.63 0.00
Commodity 09‐Jul WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 57.54 55.97 53.90 73.88
BrentCrude($/bl) 64.89 62.86 65.54 76.87
Gold($/oz) 1398 1418 1340 1257
Gold(Rs./10gm) 34075 33577 32607 30622
Source:ThomsonReutersEikon
*Asonprevioustradingday
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
10July2019
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yield rose as market participants sold notes to capitalize on the
recent rally after the government proposed to raise funds through bond
sales in the overseas market and keep the fiscal deficit target under
check.
• Yield on the 10‐year benchmark paper (7.26% GS 2029) went up 3 bps
to 6.59% compared with the previous close of 6.56% after trading in a
range of 6.55% to 6.61%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,267 crore (gross) on Jul 9, 2019, compared
with Rs. 9,992 crore (gross) as on Jul 8, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 14,018
crore on Jul 8, 2019.
• Banks borrowed Rs. 526 crore under the central bank’s Marginal
Standing Facility on Jul 8, 2019 compared with borrowings of Rs. 1,150
crore on Jul 5, 2019.
• A U.S. Federal Reserve report showed consumer credit in the U.S.
increased by more than expected in May 2019. The Fed said consumer
credit surged up by $17.1 billion in May after jumping by $17.5 billion in
Apr 2019.
• Data from the British Retail Consortium showed U.K. retail sales logged
its worst Jun on record. Like‐for‐like sales decreased 1.6% YoY in June.
Total sales were down 1.3%.
• The firing of the central bank governor by Turkey's President sent the
Turkish Lira spiralling down against the U.S. dollar.
MarketsforYou
• Nifty Jul 2019 Futures stood at 11,552.60, a discount of 3.30 points,
below the spot closing of 11,555.90. The turnover on NSE’s Futures and
Options segment decreased to Rs. 11,41,869.90 crore on Jul 9, 2019,
compared with Rs. 11,59,947.41 crore on Jul 8, 2019.
• The Put‐Call ratio stood at 0.81 compared with the previous session’s
close of 0.79.
• The Nifty Put‐Call ratio stood at 0.91 compared with the previous
session’s close of 0.88.
• Open interest on Nifty Futures stood at 20.94 million, compared with
the previous session’s close of 20.15.
• The Indian rupee rose following greenback sales by foreign banks.
Investors are now awaiting the U.S. Federal officials’ speech this week fo
r
cues on its rate cut plan, particularly after the Fed Chair’s last speech
where he was not as dovish. The rupee closed at 68.54 a dollar, up 0.17
%
compared with the previous close 68.66.
• The euro declined as dollar strengthened since prospects of deep rate
cuts by the U.S. Federal Reserve weakened after U.S. jobs report came in
stronger than expected. The euro was last seen trading at 1.1198, down
0.14% compared with the previous close of 1.1214.
• Gold prices slipped ahead of the U.S. Federal Reserve officials’ speech.
• Brent crude prices stood above the $65‐a‐barrel mark on rising suppl
y
concerns. OPEC’s production cut extension to the second half of the yea
r
supported the commodity.
Thank you for
your time.

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