16 Jul 2019
Markets for You
Global Indices
Global Indices 15-Jul Prev_Day Abs. Change
% Change
#
Russell 3000 1,323 1,321 2 0.16
Nasdaq 8,258 8,244 14 0.17
FTSE 7,532 7,506 26 0.34
Nikkei Closed 21,686 NA NA
Hang Seng 28,555 28,472 83 0.29
Indian Indices 15-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,897 38,736 160 0.41
Nifty 50 11,588 11,553 36 0.31
Nifty 100 11,693 11,655 38 0.32
Nifty 500 9,469 9,458 11 0.12
Nifty Bank 30,446 30,601 -156 -0.51
S&P BSE Power 2,012 2,020 -7 -0.37
S&P BSE Small Cap 13,689 13,777 -87 -0.63
S&P BSE HC 13,012 12,923 89 0.69
Date P/E Div. Yield P/E Div. Yield
15-Jul 28.01 1.20 28.33 1.29
Month Ago 27.98 1.22 29.24 1.23
Year Ago 23.41 1.20 27.38 1.18
Nifty 50 Top 3 Gainers
Company 15-Jul Prev_Day
% Change
#
Infosys 779 727 7.24
Sun Pharma 423 408 3.74
United Phos 647 630 2.75
Nifty 50 Top 3 Losers Domestic News
Company 15-Jul Prev_Day
% Change
#
Indiabulls HFC 639 666 -4.05
IndusInd Bank 1475 1510 -2.28
L&T Ltd. 1441 1467 -1.79
Advance Decline Ratio
BSE NSE
Advances 864 605
Declines 1615 1241
Unchanged 154 88
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 72971
MF Flows** 10083
*15
th
Jul 2019; **12
th
Jul 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
3.18%
(Jun-19)
4.92%
(Jun-18)
IIP
3.10%
(May-19)
3.80%
(May-18)
GDP
5.80%
(Mar-19)
8.10%
(Mar-18)
16 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
0.20%
(Feb-19)
6.60%
(Dec-18)
Quarter Ago
Inflow/Outflow
537
-723
2.86%
(Mar-19)
Markets for You
• Indian equity markets gained as a leading information technology
company’s first quarter earnings beat expectations and it hiked its
forward guidance for 2019-20. This has soothed investor nerves who
were worried over changing U.S. visa norms affecting the sector’s growth.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.41% and
0.31%, respectively, to close at 38,896.71 and 11,588.35, respectively.
S&P BSE Mid-Cap and S&P BSE Small Cap lost 0.61% and 0.63%,
respectively.
• The overall market breadth on BSE was weak with 864 scrips advancing
and 1615 scrips declining. A total of 154 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE IT was the major gainer, up 3.53%,
followed by S&P BSE Teck, up 2.96%, and S&P BSE Healthcare, up 0.69%.
S&P BSE Basic Materials and S&P BSE Auto gained 0.35% and 0.29%,
respectively. S&P BSE Capital Goods was the major loser, down 1.46%,
followed by S&P BSE Industrials and S&P BSE Telecom, down 0.99% and
0.96%, respectively.
• India’s Wholesale Price Index (WPI) - based inflation slowed down to
2.02% in Jun 2019 from 2.45% in May 2019 and 5.68% in Jun 2018.
Vegetable inflation came in at 24.7% in Jun 2019, down from 33.15% in
May 2019. Inflation for fuel and power fell to -2.20% in Jun from 0.98% in
the previous month. Sugar inflation came down to 4.01% in Jun as against
11.61% in May.
• Reserve Bank of India (RBI) figures showed the foreign exchange
reserves continued to increase for the fourth successive week to reach a
new lifetime high of $429.911 billion. This came on the back of a steep
increase in the value of gold and currency assets during the week to Jul 5,
2019, RBI was quoted by media reports. The reserves increased $2.23
billion, while in the past week it had gone up $1.262 billion to reach a
new high of $427.67 billion.
• Media reports showed Department of Financial Services (DFS) has
informed that RBI is examining the priority sector lending norms for
promoting export credit. Certain enabling guidelines are under
consideration and when issued, those are expected to release extra Rs.
35,000-68,000 crore export credit under priority sector.
• DHFL said developments in last few quarters threaten its ability to
continue as a going concern, media reports showed. It also said it is
working with stakeholders and creditors to ensure resolution of liquidity
issues, without any loss to the lenders. DHFL reported a loss of Rs. 2,223
crore for the Mar quarter of 2018-19 financial year. The company had
registered a net profit of Rs. 134 crore in the year-ago period.
• According to media news, JSW Steel told the National Company Law
Tribunal that the company is not backing out from the ongoing resolution
process of Bhushan Power & Steel despite reports of alleged fraud by its
former promoters.
• Shriram Transport Finance Company Ltd said it is looking to raise up to
Rs. 10,000 crore through a public issue of secured redeemable non-
convertible debentures (NCDs) of face value of Rs. 1,000 each, showed
media reports.
• Asian equity markets were mixed as China’s GDP growth slowed to a
27-year low, coming in at 6.2% in the second quarter from a year earlier.
The prolonged trade war with the U.S. seems to have taken a toll on the
giant economy. On the other hand, news that U.S. may start approving
licenses to certain companies to start selling some products of a Chinese
tech company that U.S. had banned earlier supported sentiment. Today
(as of Jul 16), Asian markets opened mixed as investors are awaiting the
release of of meeting minutes from the Reserve Bank of Australia. Nikkei
was trading down 0.37% and Hang Seng was trading up 0.10% (as at
8.a.m. IST).
• As per the last close, European markets closed higher following some
strong economic data from China. China’s GDP growth slowed to the
slowest pace in 27 years but was in line with market expectations.
• As per the last close, U.S markets closed higher following strong
quarterly earnings from a major investment bank company. Investors
were reluctant to make any significant move ahead of the release of
quarterly results from a slew of other big companies.
FII Derivative Trade Statistics 15-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 2810.31 2639.37 20067.81
Index Options 140532.49 139830.14 43779.97
Stock Futures 10823.52 10527.50 86875.68
Stock Options 5690.08 5699.82 4041.85
Total 159856.40 158696.83 154765.31
15-Jul Prev_Day
Change
Put Call Ratio (OI) 1.20 1.15 0.05
Indian Debt Market
Put Call Ratio(Vol) 0.88 0.87 0.00
15-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 5.59% 5.65% 5.83% 6.16%
T-Repo 5.54% 5.68% 5.66% NA
Repo 5.75% 5.75% 5.75% 6.25%
Reverse Repo 5.50% 5.50% 5.50% 6.00%
91 Day T-Bill 5.75% 5.80% 5.98% 6.53%
364 Day T-Bill 5.98% 6.01% 6.10% 7.19%
10 Year Gilt 6.43% 6.56% 6.92% 7.79%
G-Sec Vol. (Rs.Cr) 67833 102561 92107 37952
Currency Market Update
FBIL MIBOR* 5.85% 5.69% 5.80% 6.30%
3 Month CP Rate 6.50% 6.85% 6.70% 7.55%
5 Year Corp Bond 7.74% 7.83% 8.04% 8.76%
1 Month CD Rate 5.91% 5.93% 6.03% 6.38%
3 Month CD Rate 6.05% 6.15% 6.33% 6.98%
1 Year CD Rate 6.80% 7.39% 7.15% 7.99%
Commodity Market Update
Currency 15-Jul Prev_Day
Change
USD/INR 68.58 68.59 0.00
GBP/INR 86.20 86.01 0.19
EURO/INR 77.31 77.29 0.01
International News
JPY/INR 0.63 0.63 0.00
Commodity 15-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 59.27 57.32 52.42 70.98
Brent Crude($/bl) 67.15 65.48 64.57 73.80
Gold( $/oz) 1414 1395 1341 1241
Gold(Rs./10 gm) 34558 34437 33061 30080
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
16 July 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Markets for You
• Nifty Jul 2019 Futures stood at 11,579.20, a discount of 9.15 points,
below the spot closing of 11,588.35. The turnover on NSE’s Futures and
Options segment rose to Rs. 7,72,192.42 crore on Jul 15, 2019, compared
with Rs. 7,56,685.48 crore on Jul 12, 2019.
• The Put-Call ratio stood at 0.89 compared with the previous session’s
close of 0.87.
• The Nifty Put-Call ratio stood at 1.20 compared with the previous
session’s close of 1.15.
• Open interest on Nifty Futures stood at 19.89 million, compared with
the previous session’s close of 20.07 million.
• Bond yield eased as rate cut speculations firmed after the release of
the country’s core inflation reading, which lowered to 4.10% in Jun 2019
from 4.20% in the prior month. The retail inflation rate stood at 3.18%,
below the central bank’s target of 4%.
• Yield on the 10-year benchmark paper (7.26% GS 2029) declined 6 bps
at 6.43% compared with the previous close of 6.49% after trading in a
range of 6.43% to 6.48%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,629 crore (gross) on Jul 15, 2019 compared
with Rs. 3,632 crore (gross) borrowed on Jul 12, 2019. Sale of securities
under Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
32,308 crore on Jul 12, 2019.
• Banks borrowed Rs. 1,200 crore under the central bank’s Marginal
Standing Facility on Jul 12, 2019 compared with borrowings of Rs. 1,100
crore on Jul 11, 2019.
• The Indian rupee appreciated on possible inflows of foreign funds in
the domestic debt market. The overall market sentiment was high as
core inflation eased for Jun 2019, which firmed rate cut bets. The rupee
closed at 68.54 a dollar compared with the previous close 68.68.
• The euro gained as industrial production improved 0.9% in the
eurozone for May 2019. The euro was last seen trading at 1.1274, up
0.04% compared with the previous close of 1.1269.
• Gold prices stood firm following the release of Chinese GDP growth,
which came in lowest in the past 27 years.
• Brent crude prices rose marginally with China’s encouraging factory
output and retail sales data for Jun 2019.
• Preliminary estimates from the National Bureau of Statistics showed
gross domestic product expanded 6.2% YoY in the second quarter,
slower than the 6.4% growth registered a quarter ago. This is the
country’s slowest pace in 27 years in the second quarter, emphasizing
the need for measures to stimulate domestic consumption and
investment amid escalating trade disputes with the U.S.
• Data from property website Rightmove showed U.K. house prices
declined for the first time in Jul 2019. House prices decreased 0.2% MoM
in Jul, following a 0.3% rise in Jun 2019. On a yearly basis, house prices
dropped 0.2% as Brexit uncertainty continued to weigh on buyers'
confidence.
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