23 Jul 2019
Markets for You
Global Indices
Global Indices 22-Jul Prev_Day Abs. Change
% Change
#
Russell 3000 1,312 1,305 7 0.50
Nasdaq 8,204 8,146 58 0.71
FTSE 7,515 7,509 6 0.08
Nikkei 21,417 21,467 -50 -0.23
Hang Seng 28,371 28,765 -394 -1.37
Indian Indices 22-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,031 38,337 -306 -0.80
Nifty 50 11,346 11,419 -73 -0.64
Nifty 100 11,456 11,519 -63 -0.55
Nifty 500 9,248 9,305 -57 -0.61
Nifty Bank 29,285 29,770 -485 -1.63
S&P BSE Power 2,006 2,004 2 0.10
S&P BSE Small Cap 13,157 13,310 -154 -1.15
S&P BSE HC 12,824 12,772 51 0.40
Date P/E Div. Yield P/E Div. Yield
22-Jul 27.47 1.24 27.81 1.31
Month Ago 27.96 1.22 28.99 1.24
Year Ago 22.90 1.21 27.36 1.22
Nifty 50 Top 3 Gainers
Company 22-Jul Prev_Day
% Change
#
Yes Bank 91 83 9.49
Vedanta 167 161 3.72
Indiabulls HFC 656 635 3.30
Nifty 50 Top 3 Losers Domestic News
Company 22-Jul Prev_Day
% Change
#
Bajaj Finserv 7162 7566 -5.34
HDFC Ltd. 2187 2304 -5.06
Eicher Motors 17072 17664 -3.35
Advance Decline Ratio
BSE NSE
Advances 768 541
Declines 1757 1283
Unchanged 155 101
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 69851
MF Flows** 12366
*22
nd
Jul 2019; **19
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)
23 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
489
-1084
2.86%
(Mar-19)
• Indian equity markets fell in the midst of outflows of foreign funds,
rupee depreciation and weak domestic and global cues. Weak corporate
earnings back home and fading hopes of a rate cut by the U.S. Federal
Reserve at its upcoming meeting dampened sentiment. The non-
performing asset (NPA) problem of banks continues to mar the sector as
the leading private sector bank of the country reported a high double
digit increase in its NPAs, drumming the sector down.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.80% and
0.64% to close at 38,031.13 and 11,346.20, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap fell 0.60% and 1.15%, respectively.
• The overall market breadth on BSE was weak with 768 scrips advancing
and 1757 scrips declining. A total of 155 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Energy was the major gainer, up
1.92%, followed by S&P BSE Metal and S&P BSE Oil & Gas, up 1.89% and
1.07%, respectively. S&P BSE Telecom and S&P BSE Basic Materials gained
0.61% and 0.6%, respectively. S&P BSE Finance was the major loser, down
2.28%, followed by S&P BSE FMCG and S&P BSE Bankex, down 1.43% and
1.42%, respectively.
• The Asian Development Bank (ADB) has lowered India's inflation
forecast to 4.1% for FY20, backed by rupee gains and a lowered GDP
projection. In addition, ADB said India will be the primary driver to reduce
inflation for the South Asian area, media reports showed.
• According to the Indian Meteorological Department (IMD), the south-
west monsoon showers have covered the entire country after a four-day
delay from the normal schedule. However, the nice rain spell in the first
two weeks of Jul 2019 has enhanced the level of the water reservoir,
which is supposed to accelerate the sowing of kharif crops and narrow a
gap in the acreage compared to last year's respective period.
• The government wants the Competition Commission of India (CCI) to
investigate problems of cartelisation and thwarting competition in
relation to the large four audit companies. These four global leaders are
said to have 'abused' their dominant position, which the government
wants to investigate, media reports said. The government's recent
pressure arises in the midst of crackdown on audit firms for supposedly
overlooking lapses in corporate governance in some companies.
• Reliance Industries Ltd’s consolidated net profit increased 6.82% to Rs.
10,104 crore for the period ended Jun 30, 2019, from Rs. 9,459 crore in
the same quarter last year. The consolidated revenue from operations
grew 21.25% to Rs. 1.61 trillion during the quarter as against Rs. 1.33
trillion for the year-ago period.
• HDFC Bank Ltd’s first quarter ended Jun 2019 net profit increased 21%
to Rs. 5,568.16 crore from Rs. 4,601.44 crore in the year-ago period on
account of higher other income. Other income, including core fee income,
rose 27.2% to Rs. 4,970.3 crore during the quarter. Provisions during the
quarter rose to Rs. 2,613.66 crore against Rs. 1,889.2 crore set aside as
provisions in the Jan-Mar 2019 quarter.
• Kotak Mahindra Bank’s Jun 2019 quarter net profit increased 33% to Rs.
1,360.20 crore from Rs. 1,024.94 crore in the year-ago profit due to
higher net interest income and lower provisions.
• Asian equity markets ended largely lower as hopes that the U.S. Federal
Reserve will aggressively cut rates disappeared and tensions grew in the
Persian Gulf between Britain and Iran. Today (as of Jul 23), Asian markets
opened mostly higher following overnight gains in the U.S. Wall Street.
Both Nikkei and Hang Seng were trading up 0.86% and 0.14%,
respectively (as at 8.a.m. IST).
• European markets inched up as investors took stock of a fresh set of
earnings reports. Investors are looking forward to important central bank
activities, with the European Central Bank’s policy meet on Jul 25, 2019,
and the U.S. Fed’s, next week.
• U.S. markets inched up as the week will see a number of companies
coming out with their earnings. Also, expectations of an aggressive policy
easing from the U.S. Federal Reserve have dampened.
Markets for You
FII Derivative Trade Statistics 22-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 4730.91 5789.59 20487.92
Index Options 195836.13 196866.01 46447.41
Stock Futures 17295.31 17370.73 88365.27
Stock Options 8538.48 8688.54 4460.05
Total 226400.83 228714.87 159760.65
22-Jul Prev_Day
Change
Put Call Ratio (OI) 1.01 1.05 -0.04
Indian Debt Market
Put Call Ratio(Vol) 0.77 0.85 -0.08
22-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 5.65% 5.59% 5.78% 6.20%
T-Repo 5.63% 5.54% 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 5.72% 5.75% 5.93% 6.58%
364 Day T-Bill 5.92% 5.98% 6.03% 7.21%
10 Year Gilt 6.42% 6.43% 6.86% 7.79%
G-Sec Vol. (Rs.Cr) 49665 67833 68502 21859
Currency Market Update
FBIL MIBOR* 5.70% 5.85% 5.90% 6.29%
3 Month CP Rate 6.25% 6.50% 6.95% 7.55%
5 Year Corp Bond 7.72% 7.73% 8.05% 8.73%
1 Month CD Rate 6.02% 5.91% 5.99% 6.62%
3 Month CD Rate 6.28% 6.05% 6.36% 6.97%
1 Year CD Rate 6.99% 6.80% 7.17% 7.98%
Commodity Market Update
Currency 22-Jul Prev_Day
Change
USD/INR 69.02 68.82 0.20
GBP/INR 86.30 86.22 0.07
EURO/INR 77.42 77.52 -0.09
International News
JPY/INR 0.64 0.64 0.00
Commodity 22-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 55.84 59.27 57.30 70.26
Brent Crude($/bl) 62.10 67.15 67.43 71.83
Gold( $/oz) 1425 1414 1399 1231
Gold(Rs./10 gm) 34932 34558 33909 29849
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
23 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 11,360.25, a premium of 23.10 points,
above the spot closing of 11,337.15. The turnover on NSE’s Futures and
Options segment declined to Rs. 10,63,981.45 crore on Jul 22, 2019,
compared with Rs. 11,25,854.80 crore on Jul 19, 2019.
• The Put-Call ratio stood at 0.81 compared with the previous session’s
close of 0.94.
• The Nifty Put-Call ratio stood at 1.01 compared with the previous
session’s close of 1.05.
• Open interest on Nifty Futures stood at 19.54 million, compared with
the previous session’s close of 20.27 million.
• Bond yield rose following the central bank governor’s comment, which
lowered expectations of deep policy rate cuts. In addition, rise in crude
oil prices amid escalating geopolitical tension in the Middle East
following the detention of British tankers by Iranian military also pushed
the yield higher.
• Yield on the 10-year benchmark paper (7.26% GS 2029) rose 6 bps at
6.42% compared with the previous close of 6.36% after trading in a
range of 6.39% to 6.45%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,632 crore (gross) on Jul 22, 2019 compared
with Rs. 12,339 crore (gross) borrowed on Jul 19, 2019. Sale of securities
under Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
23,896 crore on Jul 19, 2019.
• The Indian rupee weakened against the greenback following losses in
the domestic equity market. The rupee closed at 68.91 a dollar, down
0.16% compared with the previous close 68.80.
• The euro was almost steady against the greenback as market
participants preferred to remain cautious ahead of the outcome of the
monetary policy reviews by the European Central Bank and the U.S.
Federal Reserve. The euro closed at 1.1207, down 0.01% compared with
the previous close of 1.1208.
• Gold prices were almost steady ahead of the monetary policy review
by the U.S. Federal Reserve scheduled at the end of the month.
• Brent crude prices surged after Iran took control of a British tanker at
the Strait of Hormuz in the previous week.
• The National Institute of Economic and Social Research said in a report
that the U.K. economy may already have entered a recession and the
outlook after Oct 2019 is very turbulent with the prospect of a serious
downturn in the case of a disorderly no-deal Brexit. The think tank said
there is one-in-four possibility that a technical recession has already
occurred in the economy. The economy is predicted to expand 1.2% this
year, assuming a no-deal Brexit is prevented, but this has been revised
down from the earlier predicted 1.4%.
• IHS Markit survey data showed British households' expectations
towards future finances remained positive in Jul 2019. The headline
household finance index rose for the second straight month in Jul 2019,
to 44.3 from 43.9 in Jun 2019.
Markets for You
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