22 Jul 2019
Markets for You
Global Indices
Global Indices 19-Jul Prev_Day Abs. Change
% Change
#
Russell 3000 1,305 1,315 -10 -0.74
Nasdaq 8,146 8,207 -61 -0.74
FTSE 7,509 7,493 16 0.21
Nikkei 21,467 21,046 421 2.00
Hang Seng 28,765 28,462 304 1.07
Indian Indices 19-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,337 38,897 -560 -1.44
Nifty 50 11,419 11,597 -178 -1.53
Nifty 100 11,519 11,701 -182 -1.56
Nifty 500 9,305 9,456 -152 -1.60
Nifty Bank 29,770 30,431 -660 -2.17
S&P BSE Power 2,004 1,997 7 0.36
S&P BSE Small Cap 13,310 13,558 -248 -1.83
S&P BSE HC 12,772 13,005 -233 -1.79
Date P/E Div. Yield P/E Div. Yield
19-Jul 27.73 1.22 27.92 1.31
Month Ago 27.88 1.22 28.91 1.25
Year Ago 22.73 1.22 27.22 1.19
Nifty 50 Top 3 Gainers
Company 19-Jul Prev_Day
% Change
#
NTPC 130 127 2.24
Titan Industries Limited 1091 1080 1.02
Coal India 222 220 0.73
Nifty 50 Top 3 Losers Domestic News
Company 19-Jul Prev_Day
% Change
#
M&M 571 597 -4.37
Bajaj Finance 3323 3468 -4.17
Eicher Motors 17664 18406 -4.03
Advance Decline Ratio
BSE NSE
Advances 619 403
Declines 1919 1449
Unchanged 133 76
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 70935
MF Flows** 11641
*19
th
Jul 2019; **17
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)
22 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
202
-1402
2.86%
(Mar-19)
• Indian equity markets fell on weak earnings and concerns over the
impact of government’s decision to put a new surcharge tax on the
superrich. This tax is going to affect foreign portfolio investors and
markets fear that it may lead to capital outflows. There were hopes that
the finance minister might review her decision on this, but after the
passing of the Finance Bill in the lower house, such expectations have
been dashed.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 1.44% and
1.53% to close at 38,337.01 and 11,419.25, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap fell 1.99% and 1.83%, respectively.
• The overall market breadth on BSE was weak with 619 scrips advancing
and 1919 scrips declining. A total of 133 scrips remained unchanged.
• On the BSE sectoral front, only two sectors gained. S&P BSE Power was
the major gainer, up 0.36%, followed by S&P BSE Consumer Durables, up
0.22%. S&P BSE Auto was the major loser, down 3.24%, followed by S&P
BSE Bankex and S&P BSE Consumer Discretionary Goods & Services,
down 2.14% and 2.11%, respectively. S&P BSE Finance and S&P BSE Basic
Materials lost 2.02% and 1.86%, respectively.
• Stricter standards have been suggested by the Securities and Exchange
Board of India (SEBI) to reinforce audit procedures and reduce sudden
auditor resignations in publicly traded companies. Sebi suggested in a
consultation document that the role of the audit committee and
disclosures to shareholders should be enhanced to guarantee that
statutory auditors behave more responsibly and resign only for real
reasons without harming investor sentiment.
• The International Energy Agency (IEA) expects India in the coming years
to revise its target for additional renewable energy capacity. India is
likely to upgrade the target, resulting in a greater investment stream into
the renewable energy industry. India is presently setting a renewable
energy target of 175 GW, led by solar energy, by 2022. Power minister
had said last year that India could go beyond the goal and reach 225 GW,
according to media news.
• Finance Minister said a task force will present its report by the end of
the month on the new Direct Tax Code. It will substitute the current
Income Tax Act with the new direct tax code. The goal is to reform the
complicated tax legislation into easier tax codes with lower prices, fewer
exemptions and tax slabs.
• InterGlobe Aviation Ltd’s net profit grew to Rs. 1,203 crore in the first
quarter ended Jun 2019 from Rs. 27 crore in the year-ago period on the
back of higher sales and improved margins. InterGlobe Aviation is the
operator of airline Indigo.
• Bandhan Bank’s net profit grew 45.55% to Rs. 701.14 crore for the
quarter ended Jun 2019 from Rs. 481.71 crore in the year-ago period on
the back of higher net interest income and other income.
• Dabur India’s consolidated net profit increased 10.3% to Rs. 363 crore
for the quarter ended Jun 2019, as its operating margins improved.
Consolidated revenue grew 9.1% for the quarter to Rs. 2,273 crore from
Rs. 2,081 crore in the year-ago period on the back of stronger
distribution expansion in rural India and higher investments in key
brands.
• Asian equity markets gained as investors welcomed a top U.S. Fed
official's dovish remarks and better than expected earnings of a major
U.S. technology company. Today (as of Jul 22), Asian markets opened
lower following losses in Wall Street in last session. Investors await start
of a Nasdaq-style technology board on Shanghai Stock Exchange. Nikkei
and Hangseng were trading down 0.31% and 0.51%, respectively (as at
8.a.m. IST).
• As per the last close, European markets closed modestly higher.
Investors remained focused on upcoming monetary policy meeting of
the U.S. Fed, corporate results from Europe and the U.S. and signs of
progress on the U.S.-China trade dispute.
• As per the last close, U.S markets closed lower as investors remained
cautious ahead of slew of corporate results due to be released in the
week ended Jul 28, 2019. However, upbeat earnings results by a
software giant for fiscal fourth quarter and preliminary reports showing
slight improvement in consumer sentiment index in Jul restricted the
losses.
Markets for You
FII Derivative Trade Statistics 19-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 4011.75 2643.91 21200.80
Index Options 227948.39 227347.72 43665.47
Stock Futures 12468.20 13171.99 89202.46
Stock Options 6594.03 6705.71 4533.69
Total 251022.37 249869.33 158602.42
19-Jul Prev_Day
Change
Put Call Ratio (OI) 1.05 1.04 0.01
Indian Debt Market
Put Call Ratio(Vol) 0.85 0.87 -0.02
19-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 5.70% 5.63% 5.80% 6.13%
T-Repo 5.70% 5.56% 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 5.64% 5.75% 5.90% 6.55%
364 Day T-Bill 5.89% 6.02% 6.10% 7.20%
10 Year Gilt 6.36% 6.49% 6.84% 7.79%
G-Sec Vol. (Rs.Cr) 57810 92831 72663 31971
Currency Market Update
FBIL MIBOR 5.70% 5.90% 5.86% 6.30%
3 Month CP Rate 6.35% 6.80% 6.85% 7.55%
5 Year Corp Bond 7.63% 7.77% 7.99% 8.74%
1 Month CD Rate 5.85% 5.93% 6.01% 6.46%
3 Month CD Rate 6.56% 6.08% 6.30% 7.07%
1 Year CD Rate 6.78% 6.85% 7.18% 7.97%
Commodity Market Update
Currency 19-Jul Prev_Day
Change
USD/INR 68.82 68.88 -0.05
GBP/INR 86.22 85.72 0.51
EURO/INR 77.52 77.44 0.08
International News
JPY/INR 0.64 0.64 0.00
Commodity 19-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 55.39 59.96 53.69 69.37
Brent Crude($/bl) 61.18 67.14 64.29 71.03
Gold( $/oz) 1425 1415 1360 1222
Gold(Rs./10 gm) 35091 34407 32850 29742
Source: Thomson Reuters Eikon
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22 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 11,421.85, a premium of 2.60 points,
above the spot closing of 11,419.25. The turnover on NSE’s Futures and
Options segment declined to Rs. 11,25,854.80 crore on Jul 19, 2019,
compared with Rs. 19,47,253.75 crore on Jul 18, 2019.
• The Put-Call ratio stood at 0.94 compared with the previous session’s
close of 0.81.
• The Nifty Put-Call ratio stood at 1.05 compared with the previous
session’s close of 1.04.
• Open interest on Nifty Futures stood at 20.27 million, compared with
the previous session’s close of 20.33 million.
• Bond yield eased on hopes of deep rate cuts by the Monetary Policy
Committee in the next policy meeting. Optimism on rate cuts
strengthened particularly after the release of the retail inflation data,
which came in before the central bank’s target rate.
• Yield on the 10-year benchmark paper (7.26% GS 2029) declined 3 bps
at 6.36% compared with the previous close of 6.39% after trading in a
range of 6.34% to 6.39%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 12,339 crore (gross) on Jul 19, 2019 compared
with Rs. 3,593 crore (gross) borrowed on Jul 18, 2019. Sale of securities
under Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
17,898 crore on Jul 18, 2019.
• Banks borrowed Rs. 100 crore under the central bank’s Marginal
Standing Facility on Jul 18, 2019 compared with borrowings of Rs. 125
crore on Jul 17, 2019.
• The Indian rupee appreciated on optimism of deep rate cuts by the
U.S. Federal Reserve as this would result in inflows in the local market.
The rupee closed at 68.80 a dollar compared with the previous close
68.95.
• The euro weakened against the dollar on strengthening speculations
of policy rate cut by the European Central Bank in the upcoming week.
The euro closed at 1.1222 compared with the previous close of 1.275.
• Gold prices were above the $1,430-mark with rising U.S.-Iran tension
after U.S. Navy downed an Iranian drone.
• Brent crude prices surged following the downing of Iranian drone by
the American military in the Strait of Hormuz. This aggravated U.S.-Iran
geopolitical tension.
• According to a preliminary report from the University of Michigan, U.S.
consumer sentiment index edged up to 98.4 in Jul 2019 as against the
final reading of 98.2 in Jun 2019. Index of consumer expectations grew
to 90.1 in Jul from 89.3 in Jun. However, current economic conditions
index fell to 111.1 in Jul from 111.9 in Jun.
• The Office for National Statistics said U.K. public sector net borrowing,
excluding public sector banks, rose by GBP 3.8 billion from the previous
year to GBP 7.2 billion, which is the highest Jun borrowing since 2015.
Markets for You
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