18 Jul 2019
Markets for You
Global Indices
Global Indices 17-Jul Prev_Day Abs. Change
% Change
#
Russell 3000 1,312 1,318 -6 -0.46
Nasdaq 8,185 8,223 -38 -0.46
FTSE 7,535 7,577 -42 -0.55
Nikkei 21,469 21,535 -66 -0.31
Hang Seng 28,593 28,620 -26 -0.09
Indian Indices 17-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 39,216 39,131 85 0.22
Nifty 50 11,688 11,663 25 0.21
Nifty 100 11,798 11,773 25 0.21
Nifty 500 9,543 9,530 14 0.14
Nifty Bank 30,736 30,571 165 0.54
S&P BSE Power 2,029 2,042 -13 -0.63
S&P BSE Small Cap 13,716 13,727 -10 -0.07
S&P BSE HC 13,152 13,174 -22 -0.17
Date P/E Div. Yield P/E Div. Yield
17-Jul 28.11 1.20 28.58 1.28
Month Ago 27.75 1.23 28.87 1.25
Year Ago 23.08 1.20 27.35 1.19
Nifty 50 Top 3 Gainers
Company 17-Jul Prev_Day
% Change
#
Indiabulls HFC 668 646 3.38
United Phos 660 642 2.78
SBI 372 364 2.21
Nifty 50 Top 3 Losers Domestic News
Company 17-Jul Prev_Day
% Change
#
Yes Bank 98 104 -5.25
Eicher Motors 18434 19041 -3.19
GAIL 143 147 -2.68
Advance Decline Ratio
BSE NSE
Advances 1106 876
Declines 1372 931
Unchanged 172 123
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 72422
MF Flows** 10688
*17
th
Jul 2019; **15
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)
18 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
604
-358
2.86%
(Mar-19)
• Indian equity markets eked out gains supported by corporate earning
numbers. Buying interest in selected banks and information technology
stocks contributed to the upside. However, global cues largely restricted
gains following threats from U.S. President on imposition of tariffs on
another $325 billion worth Chinese goods.
• Key benchmark indices S&P BSE Sensex and Nifty 50 rose 0.22% and
0.21% to close at 39,215.64 and 11,687.50, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap fell 0.15% and 0.07%, respectively.
• The overall market breadth on BSE was weak with 1,372 scrips
declining and 1,106 scrips advancing. A total of 172 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE information technology stood as the
major gainer and grew 0.86%, followed by S&P BSE Teck that grew
0.77%. S&P FMCG and S&P BSE Bankex grew 0.70% and 0.52%,
respectively. However, S&P BSE Auto was the major loser that fell 1.01%
followed by S&P BSE Utilities that fell 0.81%. S&P BSE Oil & Gas and S&P
BSE Energy fell 0.74% and 0.73%, respectively.
• The amendment bill of the Companies Act, 2013 has been cleared by
the government. Bill would replace an ordinance issued in 2019.
Proposed amendments will lead to further promotion of ease of doing
business, de-clogging of National Company Law Tribunal and Special
Courts, government said. The focus would be on serious cases of
violations of the Act and ensuring enhanced compliance by corporates.
• Minister of State Finance said that around 2% of total loans sanctioned
by banks to Pradhan Mantri Mudra Yojana beneficiaries turned into non-
performing assets (NPAs) since the start of the scheme. Factors
contributing for NPAs are first-time borrowers under Shishu category
prioritising emergent needs, business failures, inefficiencies in lending
practices, poor credit appraisal, wilful default by borrowers, among
others.
• Government is framing a national retail trade policy and aims to take a
decision in this regard at an early date, Minister of State for Commerce
and Industry said. Department for Promotion of Industry and Internal
Trade conducted interactions with industry, trade associations, ministries
concerned and states to consider issues facing retail sector and possible
solutions for resolving them.
• According to media reports, Wipro reported a 12.6% yearly increase in
net profit at Rs. 2,387.60 crore for the quarter ended Jun-19 compared
to Rs. 2,120.80 crore in the same period of the previous year. However,
the profit fell 3.86% on a quarterly basis from the net profit of Rs.
2,483.50 in Mar-19.
• According to media reports, British energy magnate BP plc and its
partner Reliance Industries will invest $ 5 billion to start production in
three sets of natural gas fields in the Krishna Godavari basin block in the
Bay of Bengal by 2022.
• According to media reports, Kora Management which is based in U.S. is
in advanced talks to buy 20% stake in Edelweiss Wealth Management for
Rs. 2,000 crore.
• Asian equity markets mostly fell after U.S. markets came down from
record highs overnight because of mixed earnings reports and U.S.
President’s comments about the country’s trade war with China. The
President threatened to put tariffs on another $325 billion Chinese
imports as a trade deal with China is a long way. Today (as of Jul 18),
Asian markets opened lower following losses in Wall Street in the last
session. Concerns over U.S. and China trade dispute weighed on the
indices. Nikkei and Hangseng were trading down 1.26% and 0.33%,
respectively (as at 8.a.m. IST).
• As per the last close, European markets closed lower due to concerns
over U.S. and China trade dispute as U.S. President has reportedly
threatened to impose tariffs on another $325 billion worth of Chinese
goods. Further, investors remained cautious ahead of slew of corporate
results.
• As per the last close, U.S markets closed lower following weak housing
starts and pullback in building permits in Jun 2019. Further, investors
remained cautious as they wait for the earnings season to pick up.
Markets for You
FII Derivative Trade Statistics 17-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 3285.26 3338.54 21282.27
Index Options 165602.53 165079.27 46015.97
Stock Futures 10586.13 10147.05 88052.94
Stock Options 5699.49 5604.26 4556.01
Total 185173.41 184169.12 159907.19
17-Jul Prev_Day
Change
Put Call Ratio (OI) 1.34 1.34 0.00
Indian Debt Market
Put Call Ratio(Vol) 1.02 0.95 0.07
17-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 5.56% 5.62% 5.78% 6.12%
T-Repo 5.51% 5.70% 5.62% NA
Repo 5.75% 5.75% 5.75% 6.25%
Reverse Repo 5.50% 5.50% 5.50% 6.00%
91 Day T-Bill 5.74% 5.95% 5.93% 6.53%
364 Day T-Bill 5.98% 6.05% 6.11% 7.18%
10 Year Gilt 6.34% 6.54% 6.93% 7.75%
G-Sec Vol. (Rs.Cr) 99211 89059 52427 53995
Currency Market Update
FBIL MIBOR* 5.70% 5.84% 5.80% 6.30%
3 Month CP Rate 6.30% 6.80% 6.70% 7.65%
5 Year Corp Bond 7.70% 7.83% 8.04% 8.71%
1 Month CD Rate 5.98% 5.85% 6.06% 6.50%
3 Month CD Rate 6.52% 6.78% 6.56% 7.05%
1 Year CD Rate 6.79% 6.88% 7.15% 7.98%
Commodity Market Update
Currency 17-Jul Prev_Day
Change
USD/INR 68.81 68.57 0.24
GBP/INR 85.39 85.77 -0.37
EURO/INR 77.14 77.18 -0.04
International News
JPY/INR 0.64 0.63 0.00
Commodity 17-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 56.47 60.25 51.89 67.98
Brent Crude($/bl) 63.81 67.00 64.00 70.31
Gold( $/oz) 1427 1419 1339 1227
Gold(Rs./10 gm) 34428 34189 32733 30044
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
18 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 11,675.80, a discount of 11.70 points,
below the spot closing of 11,687.50. The turnover on NSE’s Futures and
Options segment rose to Rs. 10,19,814.41 crore on Jul 17, 2019,
compared with Rs. 8,74,279.16 crore on Jul 16, 2019.
• The Put-Call ratio stood at 0.88 compared with the previous session’s
close of 0.88.
• The Nifty Put-Call ratio stood at 1.34, same as the previous session’s
close.
• Open interest on Nifty Futures stood at 19.99 million, compared with
the previous session’s close of 20.61 million.
• Bond yield declined as market participants preferred to book profits to
take advantage of the recent bond rally.
• Yield on the 10-year benchmark paper (7.26% GS 2029) rose 1 bps at
6.34% compared with the previous close of 6.33% after trading in a
range of 6.25% to 6.42%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,563 crore (gross) on Jul 17, 2019 compared
with Rs. 3,632 crore (gross) borrowed on Jul 16, 2019. Sale of securities
under Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
16,794 crore on Jul 16, 2019.
• Banks borrowed Rs. 315 crore under the central bank’s Marginal
Standing Facility on Jul 16, 2019 compared with borrowings of Rs. 1,150
crore on Jul 15, 2019.
• The Indian rupee depreciated on dollar strengthen after the release of
robust U.S. retail sales data. The rupee closed at 68.81 a dollar
compared with the previous close 68.71.
• The euro remained weak on expectations of policy rate cuts by the
European Central Bank. In addition, the overall dollar strength following
strong U.S. retail sales data and investors’ inclination towards the
currency also adversely impacted euro. The euro was last seen trading at
1.1209.
• Gold prices were marginally down on greenback strength following
release of strong U.S. retail sales data in Jun 2019.
• Brent crude prices declined following reports that the U.S. President is
considering to hold discussion with Iran.
• According to a report from the commerce department, U.S. retail sales
surpassed market expectations and rose 0.4% in Jun 2019 and remained
unchanged against downwardly revised growth (0.5% growth originally
reported) in May 2019. Motor vehicles and parts dealers sales grew
0.7% in Jun.
• According to a report from the Commerce Department, U.S. business
slightly came in lower than market expectations and rose 0.3% in May
2019 as against an increase of 0.5% in Apr 2019.
• A report from the National Association of Home Builders showed that
NAHB/Wells Fargo Index inched up to 65 in Jul 2019 after falling to 64 in
Jun.
Markets for You
Thank you for
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