19 Jul 2019
Markets for You
Global Indices
Global Indices 18-Jul Prev_Day Abs. Change
% Change
#
Russell 3000 1,315 1,312 3 0.21
Nasdaq 8,207 8,185 22 0.27
FTSE 7,493 7,535 -42 -0.56
Nikkei 21,046 21,469 -423 -1.97
Hang Seng 28,462 28,593 -132 -0.46
Indian Indices 18-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,897 39,216 -318 -0.81
Nifty 50 11,597 11,688 -91 -0.78
Nifty 100 11,701 11,798 -97 -0.82
Nifty 500 9,456 9,543 -87 -0.91
Nifty Bank 30,431 30,736 -305 -0.99
S&P BSE Power 1,997 2,029 -32 -1.60
S&P BSE Small Cap 13,558 13,716 -158 -1.15
S&P BSE HC 13,005 13,152 -147 -1.11
Date P/E Div. Yield P/E Div. Yield
18-Jul 27.90 1.21 28.35 1.29
Month Ago 27.87 1.22 28.91 1.25
Year Ago 22.95 1.21 27.28 1.19
Nifty 50 Top 3 Gainers
Company 18-Jul Prev_Day
% Change
#
Wipro 269 260 3.66
HDFC Ltd. 2345 2287 2.56
Zee Ente. 360 353 1.94
Nifty 50 Top 3 Losers Domestic News
Company 18-Jul Prev_Day
% Change
#
Yes Bank 86 98 -12.80
ONGC 143 150 -4.34
Tata Motors 161 168 -4.26
Advance Decline Ratio
BSE NSE
Advances 730 438
Declines 1769 1372
Unchanged 137 109
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 72336
MF Flows** 10688
*18
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)
19 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
-86
2.86%
(Mar-19)
• A panel of the Reserve Bank of India (RBI) formulating guidelines for the
transfer of surplus funds to government from the central bank has
concluded its recommendations and will submit its report "very soon",
media reports said. The six-member panel led by a former RBI governor
initially intended to submit the report in Apr 2019, but due to a lack of
consensus was postponed. According to reports, the panel has proposed
the transfer of RBI funding over 3-5 years with the amount of cash that
RBI will transfer not clear.
• The Securities & Exchange Board of India has reviewed the disclosure
criteria for listed companies with respect to asset provisioning
divergence. The modifications in the disclosure standards are in line with
the amended RBI criteria, the regulator said in a Jul 17, 2019, circular.
According to the circular, listed banks will have to disclose to the stock
exchanges divergences in the asset classification and provisioning if "the
additional provisioning for NPAs assessed by RBI exceeds 10% of the
reported profit before provisions and contingencies for the reference
period." This threshold was 15% earlier.
• Asian Development Bank (ADB) has reduced India's GDP growth
projection to 7% for 2019-20. In its 2019 Asian Development Perspective
supplement, ADB said, India is expected to grow slightly slower by 7% in
2019 (FY20) and 7.2% in 2020 (FY21), because of fiscal shortfall concerns.
• Colgate-Palmolive India Ltd posted a 10.76% decrease in net profit at
Rs. 169.11 crore for the quarter ended Jun 30, 2019, due to reduced
development in rural economies. The firm had registered net gain of Rs.
189.51 crore for the same period last fiscal, according to media reports.
• Mindtree Ltd recorded a 41% decrease in its quarterly profit due to
greater expenditures. Net profit dropped to about Rs. 92.7 crore in the
quarter ended Jun 30, 2019, from Rs. 158.2 crore in the same period
previous year, according to media reports. Profit dropped 53% when
compared sequentially from Rs. 198.4 crore. The company was recently
acquired by Larsen and Toubro Ltd.
Markets for You
• Asian markets slipped amid concerns that the prolonged U.S.-China
trade war has taken a toll on the corporate earning numbers. Japanese
markets fell as weak exports data and disappointing U.S. corporate
earning numbers led to worries over the economic growth outlook. Today
(as on Jul 19), Asian markets traded higher, boosted by the comments of
the Fed officials which renewed hopes of rate cut in the near future. Both
Nikkei and Hangseng were trading up 1.70% and 1.12%, respectively (as
at 8.a.m. IST).
• As per the last close, U.S. markets edged higher as recent comments
from one of the U.S. Federal Reserve officials fanned speculations that
the central bank may ease its monetary policy stance more aggressively.
According to the Fed official, the central bank needed to respond
promptly when the economy was slowing and rates were low.
• As per the last close, European markets fell as fresh series of corporate
earning numbers failed to boost market sentiments. Meanwhile,
investors are keeping eye on the developments on the U.S. – China trade
spat.
• Indian equity markets lost on weak earnings reports and global cues. A
major private bank and an IT company posted disappointing quarterly
results. Globally, a few U.S. companies also could not impress with their
earnings. Also, Asian Development Bank lowered India's GDP forecast to
7% for 2019-20 on the back of concerns over fiscal shortfall.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.81% and
0.78% to close at 38,897.46 and 11,596.90, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap fell 1.23% and 1.15%, respectively.
• The overall market breadth on BSE was weak with 730 scrips advancing
and 1769 scrips declining. A total of 137 scrips remained unchanged.
• On the BSE sectoral front, all the sectors lost. S&P BSE Auto stood as the
major loser, down 2.65%, followed by S&P BSE Metal and S&P Energy,
which fell 2.38% and 1.81%, respectively. S&P BSE Oil & Gas and S&P BSE
Industrials lost 1.66% and 1.65%, respectively.
FII Derivative Trade Statistics 18-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 1839.35 2224.34 21275.95
Index Options 165536.94 163234.43 48491.90
Stock Futures 10027.83 10231.59 88255.87
Stock Options 5505.93 5469.07 4543.14
Total 182910.05 181159.43 162566.86
18-Jul Prev_Day
Change
Put Call Ratio (OI) 1.04 1.34 -0.31
Indian Debt Market
Put Call Ratio(Vol) 0.87 1.02 -0.15
18-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 5.57% 5.58% 5.75% 6.14%
T-Repo 5.57% 5.66% 5.64% NA
Repo 5.75% 5.75% 5.75% 6.25%
Reverse Repo 5.50% 5.50% 5.50% 6.00%
91 Day T-Bill 5.67% 5.80% 5.92% 6.54%
364 Day T-Bill 5.95% 5.95% 6.07% 7.21%
10 Year Gilt 6.39% 6.49% 6.81% 7.75%
G-Sec Vol. (Rs.Cr) 45062 92654 137594 36816
Currency Market Update
FBIL MIBOR* 5.75% 5.85% 5.90% 6.30%
3 Month CP Rate 6.30% 6.80% 6.70% 7.65%
5 Year Corp Bond 7.70% 7.78% 7.99% 8.73%
1 Month CD Rate 5.84% 5.80% 5.98% 6.48%
3 Month CD Rate 6.33% 6.90% 6.36% 7.06%
1 Year CD Rate 6.84% 6.89% 7.21% 8.00%
Commodity Market Update
Currency 18-Jul Prev_Day
Change
USD/INR 68.88 68.81 0.07
GBP/INR 85.72 85.39 0.33
EURO/INR 77.44 77.14 0.30
International News
JPY/INR 0.64 0.64 0.00
Commodity 18-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 55.05 59.90 53.81 68.73
Brent Crude($/bl) 60.84 68.43 64.79 69.61
Gold( $/oz) 1446 1404 1346 1226
Gold(Rs./10 gm) 34709 34575 32918 29729
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
19 July 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yield went up as traders continued to sell notes to book profits
and capitalize on the recent bond rally.
• Yield on the 10-year benchmark paper (7.26% GS 2029) rose 5 bps at
6.39% compared with the previous close of 6.34% after trading in a
range of 6.30% to 6.40%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,593 crore (gross) on Jul 18, 2019 compared
with Rs. 3,563 crore (gross) borrowed on Jul 17, 2019. Sale of securities
under Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
14,478 crore on Jul 17, 2019.
• Banks borrowed Rs. 125 crore under the central bank’s Marginal
Standing Facility on Jul 17, 2019 compared with borrowings of Rs. 315
crore on Jul 16, 2019.
• A Labor Department report showed initial jobless claims increased to
216,000, an increase of 8,000 from the previous week's level of 208,000.
• The Federal Reserve Bank of Philadelphia’s report showed its diffusion
index for current general activity increased up to 21.8 in Jul 2019 after
declining to 0.3 in Jun 2019, which is more than expected.
• A Conference Board report showed its leading economic index fell by
0.3% in Jun 2019 after coming in unchanged in May 2019. The fall was
unexpected.
Markets for You
• Nifty Jul 2019 Futures stood at 11,604.35, a premium of 7.45 points,
above the spot closing of 11,596.90. The turnover on NSE’s Futures and
Options segment rose to Rs. 19,47,253.75 crore on Jul 18, 2019,
compared with Rs. 10,19,814.41 crore on Jul 17, 2019.
• The Put-Call ratio stood at 0.81 compared with the previous session’s
close of 0.93.
• The Nifty Put-Call ratio stood at 1.04 compared with the previous
session’s close of 1.34.
• Open interest on Nifty Futures stood at 20.33 million, compared with
the previous session’s close of 19.99 million.
• The Indian rupee fell against the U.S. dollar due to greenback purchases
by the state-run banks. Decline in domestic equity market also further
weakened rupee. The rupee closed at 68.95 a dollar compared with the
previous close 68.81.
• The euro rose against the U.S. dollar as the latter weakened after a U.S.
Federal Reserve official indicated that the central bank will adopt
aggressive rate cut this month to resolve weakening price pressures. The
euro closed at 1.1275 compared with the previous close of 1.223.
• Gold prices dipped as U.S. dollar remained firm following the release of
U.S. retail sales data.
• Brent crude prices slumped following media reports stating U.S.
initiatives to make peace with Iran.
Thank you for
your time.
