17 Jul 2019
Markets for You
Global Indices
Global Indices 16-Jul Prev_Day Abs. Change
% Change
#
Russell 3000 1,318 1,323 -5 -0.38
Nasdaq 8,223 8,258 -35 -0.43
FTSE 7,577 7,532 45 0.60
Nikkei 21,535 21,686 -151 -0.69
Hang Seng 28,620 28,555 65 0.23
Indian Indices 16-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 39,131 38,897 234 0.60
Nifty 50 11,663 11,588 74 0.64
Nifty 100 11,773 11,693 81 0.69
Nifty 500 9,530 9,469 61 0.64
Nifty Bank 30,571 30,446 125 0.41
S&P BSE Power 2,042 2,012 30 1.47
S&P BSE Small Cap 13,727 13,689 37 0.27
S&P BSE HC 13,174 13,012 162 1.24
Date P/E Div. Yield P/E Div. Yield
16-Jul 28.13 1.20 28.51 1.28
Month Ago 27.98 1.22 29.24 1.23
Year Ago 22.86 1.21 27.17 1.19
Nifty 50 Top 3 Gainers
Company 16-Jul Prev_Day
% Change
#
Yes Bank 104 93 11.43
Tata Motors 170 161 5.62
HPCL 296 286 3.30
Nifty 50 Top 3 Losers Domestic News
Company 16-Jul Prev_Day
% Change
#
TCS 2106 2146 -1.85
M&M 623 632 -1.42
United Phos 642 647 -0.85
Advance Decline Ratio
BSE NSE
Advances 1140 871
Declines 1327 952
Unchanged 164 111
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 72781
MF Flows** 10083
*16
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)
17 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
-190
2.86%
(Mar-19)
• Indian equity markets gained as investors welcomed an easing WPI
inflation for Jun 2019. The market shrugged off weak trade data and
business sentiment report.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.60% and
0.64%, respectively, to close at 39,131.04 and 11,662.60, respectively.
S&P BSE Mid-Cap and S&P BSE Small Cap gained 0.69% and 0.27%,
respectively.
• The overall market breadth on BSE was weak with 1140 scrips
advancing and 1327 scrips declining. A total of 164 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Realty was the major gainer, up
1.98%, followed by S&P BSE Oil & Gas, up 1.66%, and S&P BSE Consumer
Durables, up 1.62%. S&P BSE Power and S&P BSE Utilities gained 1.47%
and 1.43%, respectively. S&P BSE IT was the major loser, down 0.38%,
followed by S&P BSE Teck, down 0.31%.
• S&P BSE Realty was the major gainer, up 1.98%, followed by S&P BSE
Oil & Gas, up 1.66%, and S&P BSE Consumer Durables, up 1.62%. S&P BSE
PSU and S&P BSE Capital Goods gained 1.36% and 1.29%, respectively.
S&P BSE IT was the only loser, down 0.38%.
• Government data showed that India’s trade deficit narrowed to $15.28
billion in Jun 2019 from $15.36 billion in May 2019 and $16.60 billion in
the same month of the previous year. This is the first contraction in nine
months and worse data since Jan 2016. India’s trade deficit narrowed as
imports fell 9.1% in Jun 2019 and exports declined 9.7% as well. Oil
imports declined 13.33% to $11.03 billion and non-oil imports dropped
7.34% to $29.26 billion.
• A survey by IHS Markit India Business Outlook has showed that business
sentiment in India fell to its lowest level since June 2016. It said
companies were worried over a slowing economy, government policies
and water shortage. The net balance of private sector companies
foreseeing output growth in the year ahead fell from 18% in Feb 2019 to
15% in Jun, matching the data of Jun 2016, and Oct 2009 when aggregate
figures became available. According to the IHS Markit India Business
Outlook, predictions of softer activity growth underpin the downward
revisions of profit outlook, subdued hiring plans and relatively muted
capital expenditure.
• HDFC AMC’s net profit increased 42% to Rs. 291.79 crore for the Jun
2019 quarter compared with Rs. 205.26 crore in the same quarter. The
rise was driven by an increase in assets under management.
• Vedanta Ltd plans to invest $650 million in its new oil and gas blocks
that it won in the government's last two rounds of auctions.
• Air India has said operation costs for one-way U.S. and Europe-bound
flights could come down by Rs. 20 lakh and Rs. 5 lakh, respectively, with
Pakistan opening its airspace for all commercial airlines. After Pakistan
closed its airspace following the Balakot air strikes of Feb 26, 2019, Air
India had suffered a financial loss of more than Rs. 491 crore as it had to
re-route its various international flights.
Markets for You
• Asian equity markets were mixed as investors awaited earnings results
of major U.S. companies and key economic data. The slow growth of the
Chinese economy continued to worry investors. A day earlier, China
reported GDP growth that was the slowest in 27 years. Today (as of Jul
17), Asian markets opened lower after U.S. President mentioned that
U.S.-China trade talks still have a long way to go. Also, U.S. President
indicated that U.S. may to impose tariffs on another $325 billion worth of
Chinese goods. Both Nikkei and Hang Seng was trading down 0.60% and
0.54%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed higher following release
of strong quarterly earnings from some companies. However, uncertainty
about a quick solution to the U.S.-China trade dispute weighed on
investor’s sentiments.
• As per the last close, U.S markets closed lower as comments from the
U.S. President that U.S.-China trade talks still have a long way to go. The
President also threatened to impose tariffs on another $325 billion worth
of Chinese goods.
FII Derivative Trade Statistics 16-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 1870.29 1607.05 19929.49
Index Options 148874.19 148168.81 45453.66
Stock Futures 10299.84 9622.06 87392.47
Stock Options 5798.45 5855.83 4139.24
Total 166842.77 165253.75 156914.86
16-Jul Prev_Day
Change
Put Call Ratio (OI) 1.34 1.20 0.15
Indian Debt Market
Put Call Ratio(Vol) 0.95 0.88 0.07
16-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 5.54% 5.62% 5.83% 6.18%
T-Repo 5.50% 5.70% 5.66% NA
Repo 5.75% 5.75% 5.75% 6.25%
Reverse Repo 5.50% 5.50% 5.50% 6.00%
91 Day T-Bill 5.75% 5.85% 5.98% 6.53%
364 Day T-Bill 6.01% 6.03% 6.10% 7.19%
10 Year Gilt 6.43% 6.59% 6.92% 7.80%
G-Sec Vol. (Rs.Cr) 126301 56708 92107 29694
Currency Market Update
FBIL MIBOR* 5.75% 5.79% 5.80% 6.29%
3 Month CP Rate 6.35% 6.80% 6.70% 7.50%
5 Year Corp Bond 7.68% 7.88% 8.04% 8.76%
1 Month CD Rate 5.81% 5.93% 6.03% 6.54%
3 Month CD Rate 6.06% 6.77% 6.33% 7.01%
1 Year CD Rate 6.81% 6.94% 7.15% 7.98%
Commodity Market Update
Currency 16-Jul Prev_Day
Change
USD/INR 68.57 68.58 -0.02
GBP/INR 85.77 86.20 -0.43
EURO/INR 77.18 77.31 -0.12
International News
JPY/INR 0.63 0.63 0.00
Commodity 16-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 57.41 57.54 52.42 68.17
Brent Crude($/bl) 65.46 64.89 64.57 70.02
Gold( $/oz) 1406 1398 1341 1240
Gold(Rs./10 gm) 34583 34075 33061 30172
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
17 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 11,657.85, a discount of 3.20 points,
below the spot closing of 11,661.05. The turnover on NSE’s Futures and
Options segment rose to Rs. 8,74,279.16 crore on Jul 16, 2019, compared
with Rs. 7,72,192.42 crore on Jul 15, 2019.
• The Put-Call ratio stood at 0.88 compared with the previous session’s
close of 0.89.
• The Nifty Put-Call ratio stood at 1.34 compared with the previous
session’s close of 1.20.
• Open interest on Nifty Futures stood at 20.61 million, compared with
the previous session’s close of 19.89 million.
• Bond yield saw a steep fall with strengthening rate cut bets.
Expectations of deep rate cuts particularly rose after the budget proposal
of issuing sovereign bonds in the overseas market. Besides, inflation
below the central bank’s target also lifted the market sentiment.
• Yield on the 10-year benchmark paper (7.26% GS 2029) declined 10 bps
at 6.33% compared with the previous close of 6.43% after trading in a
range of 6.31% to 6.42%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,632 crore (gross) on Jul 16, 2019 compared
with Rs. 3,629 crore (gross) borrowed on Jul 15, 2019. Sale of securities
under Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
21,002 crore on Jul 15, 2019.
• The Indian rupee fell as state-run lenders stepped up greenback
purchase. The rupee closed at 68.71 a dollar, down 0.26% compared
with the previous close 68.54.
• The euro edged lower after Germany’s ZEW economic sentiment
survey showed higher than expected fall in Jul. The euro was last seen
trading at 1.1222, down 0.31% compared with the previous close of
1.1257.
• Gold prices were steady as market participants are awaiting the release
of U.S. retail sales data to get cues on the economy’s condition.
• Brent crude prices were marginally down afters drillers resumed
production in the Gulf of Mexico as hurricane Barry moved inland.
• Office for National Statistics showed U.K. wages grew at the fastest
pace in 11 years in the quarter to May 2019 and the jobless rate held
firmly at a 44-year low amid relatively high vacancies. In the three
months to May, average weekly earnings excluding bonuses climbed
3.6% from the previous year, the fastest rate of increase since 2008, and
better than forecasts.
• Eurostat preliminary data showed euro zone's trade surplus grew in
May 2019, led by a rebound in exports, while imports decreased. The
seasonally adjusted trade surplus rose to EUR 20.2 billion from EUR 15.7
billion in Apr 2019. Exports grew 1.4% MoM, while imports fell 1%.
Markets for You
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