24 Jul 2019
Markets for You
Global Indices
Global Indices 23-Jul Prev_Day Abs. Change
% Change
#
Russell 3000 1,319 1,312 7 0.54
Nasdaq 8,251 8,204 47 0.58
FTSE 7,557 7,515 42 0.56
Nikkei 21,621 21,417 204 0.95
Hang Seng 28,466 28,371 95 0.34
Indian Indices 23-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,983 38,031 -48 -0.13
Nifty 50 11,331 11,346 -15 -0.13
Nifty 100 11,437 11,456 -20 -0.17
Nifty 500 9,234 9,248 -14 -0.15
Nifty Bank 29,128 29,285 -157 -0.54
S&P BSE Power 2,030 2,006 24 1.18
S&P BSE Small Cap 13,206 13,157 49 0.38
S&P BSE HC 12,780 12,824 -44 -0.34
Date P/E Div. Yield P/E Div. Yield
23-Jul 27.44 1.24 27.77 1.31
Month Ago 27.96 1.22 28.99 1.24
Year Ago 23.08 1.20 27.54 1.21
Nifty 50 Top 3 Gainers
Company 23-Jul Prev_Day
% Change
#
Power Grid 210 204 3.11
Kotak Bank 1494 1454 2.73
Hero Moto 2469 2404 2.73
Nifty 50 Top 3 Losers Domestic News
Company 23-Jul Prev_Day
% Change
#
SBI 342 351 -2.47
Indiabulls HFC 641 656 -2.34
HDFC Ltd. 2139 2187 -2.21
Advance Decline Ratio
BSE NSE
Advances 1189 925
Declines 1267 913
Unchanged 175 106
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 67922
MF Flows** 12366
*23
rd
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)
24 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
488
-1929
2.86%
(Mar-19)
• Indian equity markets fell as investors continued to be worried over the
weak earnings show by Indian companies. Markets are also awaiting the
U.S. Federal Reserve’s policy meeting scheduled at the end of the month.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.13% each to
close at 37,982.74 and 11,331.05, respectively. S&P BSE Mid-Cap fell
0.56% and S&P BSE Small Cap gained 0.38%.
• The overall market breadth on BSE was weak with 1189 scrips
advancing and 1267 scrips declining. A total of 175 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Utilities was the major gainer, up
1.41%, followed by S&P BSE FMCG and S&P BSE Power, up 1.27% and
1.18%, respectively. S&P BSE Realty and S&P BSE Consumer Durables
gained 0.89% and 0.83%, respectively. S&P BSE Finance was the major
loser, down 0.82%, followed by S&P BSE Energy and S&P BSE Auto, down
0.61% and 0.52%, respectively.
• The International Monetary Fund (IMF) is further reducing India's
annual growth prediction as it expects lower domestic demand to restrict
economic recovery. In the year ending Mar 31, 2020, the economy is
now anticipated to grow 7 percent, 0.3 percentage point slower than the
April projection of the IMF. IMF cut the growth perspective for India by
0.2 percentage point to 7.3 percent in Apr 2019. In the year ending Mar
2021, economic development is anticipated to accelerate to 7.2%.
• The government has extended the deadline for individuals and certain
non-corporate assesses to filing income-tax returns for the FY20
evaluation year by one month to Aug 31, 2019. The extension of due
date is applicable to all taxpayers liable to file their tax returns by Jul 31,
2019, the original due date. The Central Board of Direct Taxes (CBDT)
said this applies to assessees other than corporate taxpayers and a few
others, including non-corporate institutions, whose books need not be
audited.
• The RBI governor has introduced Utkarsh 2022, its medium- term
strategy framework, in line with the changing macro-economic setting.
The framework was introduced to attain excellence in the fulfillment of
RBI's mandates and to strengthen citizens ' and other institutions '
confidence, the bank said.
• Larsen & Toubro’s (L&T) consolidated net profit increased 21% YoY to
Rs. 1,472.58 crore for the Jun 2019 quarter. The company’s net profit
was Rs. 1,214.78 crore in the year-ago quarter.
• Hindustan Unilever Ltd’s (HUL) Jun 2019 quarter net profit increased
15% to Rs. 1,755 crore in the Jun 2019 quarter, up 14.9% from Rs. 1,528
crore in the year-ago period. The rise came on the back of higher
revenue and a fall in raw material cost.
• TVS Motor Company’s standalone revenues grew 7.22% to Rs. 4,469
crore for the first quarter of FY20. Its quarterly wholesale stood at
711,632 units, which was down 3% YoY, as against an industry-wide
decline of 12% YoY in the period.
• Asian equity markets gained on increased hopes that the European
Central Bank and the U.S. Federal Reserve will resort to monetary easing
to support economic growth. Investors also welcomed media reports
that the U.S. and China will resume trade negotiations next week. Today
(as of Jul 24), Asian markets opened mixed following developments on
the U.S.-China trade front. Both Nikkei and Hang Seng were trading up
0.86% and 0.14%, respectively (as at 8.a.m. IST).
• European markets gained as investors welcomed a strong set of
corporate earnings and awaited European Central Bank’s policy meeting
on Jul 25, 2019. Meanwhile, Boris Johnson has won the race to become
U.K.’s next Prime Minister.
• U.S. markets rose on news that U.S. and Chinese officials will meet
next week and a bunch of better than expected earnings.
Markets for You
FII Derivative Trade Statistics 23-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 8247.78 9333.90 18708.60
Index Options 193669.93 193110.82 47519.97
Stock Futures 27816.82 27098.90 90532.65
Stock Options 7664.37 7669.52 4370.63
Total 237398.90 237213.14 161131.85
23-Jul Prev_Day
Change
Put Call Ratio (OI) 1.06 1.01 0.05
Indian Debt Market
Put Call Ratio(Vol) 0.84 0.77 0.07
23-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 5.58% 5.54% 5.78% 6.23%
T-Repo 5.55% 5.50% 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% 6.60%
364 Day T-Bill 5.93% 6.01% 6.03% 7.21%
10 Year Gilt 6.46% 6.43% 6.86% 7.81%
G-Sec Vol. (Rs.Cr) 49145 126301 68502 23443
Currency Market Update
FBIL MIBOR* 5.80% 5.75% 5.90% 6.21%
3 Month CP Rate 6.30% 6.35% 6.95% 7.75%
5 Year Corp Bond 7.74% 7.68% 8.05% 8.75%
1 Month CD Rate 5.90% 5.81% 5.99% 6.63%
3 Month CD Rate 6.28% 6.06% 6.36% 6.99%
1 Year CD Rate 7.02% 6.81% 7.17% 7.95%
Commodity Market Update
Currency 23-Jul Prev_Day
Change
USD/INR 68.99 69.02 -0.03
GBP/INR 85.93 86.30 -0.36
EURO/INR 77.21 77.42 -0.22
International News
JPY/INR 0.64 0.64 0.00
Commodity 23-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 56.55 57.41 57.30 67.85
Brent Crude($/bl) 62.47 65.46 67.43 73.73
Gold( $/oz) 1417 1406 1399 1224
Gold(Rs./10 gm) 34852 34583 33909 29948
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
24 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 11,333.80, a premium of 2.75 points,
above the spot closing of 11,331.05. The turnover on NSE’s Futures and
Options segment rose to Rs. 12,25,915.78 crore on Jul 23, 2019,
compared with Rs. 10,63,981.45 crore on Jul 22, 2019.
• The Put-Call ratio stood at 0.84 compared with the previous session’s
close of 0.81.
• The Nifty Put-Call ratio stood at 1.06 compared with the previous
session’s close of 1.01.
• Open interest on Nifty Futures stood at 21.34 million, compared with
the previous session’s close of 20.27 million.
• Bond yield continued to rise following the central bank governor’s
comment, which dented hopes of steep policy rate cuts. He said that
future interest rate movement would be driven by data, which
dampened investor sentiments.
• Yield on the 10-year benchmark paper (7.26% GS 2029) rose 4 bps at
6.46% compared with the previous close of 6.42% after trading in a range
of 6.41% to 6.48%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,604 crore (gross) on Jul 23, 2019 compared
with Rs. 3,632 crore (gross) borrowed on Jul 22, 2019. Sale of securities
under RBI's reverse repo window stood at Rs. 15,261 crore on Jul 22,
2019.
• Banks borrowed Rs. 1,800 crore under the central bank’s Marginal
Standing Facility on Jul 22, 2019 compared with borrowings of Rs. 1,151
crore on Jul 19, 2019.
• The Indian rupee closed almost steady as greenback sales by
corporates was offset by the impact of strength in dollar. The rupee
closed at 68.94 a dollar, down 0.04% compared with the previous close
68.91.
• The euro weakened against the dollar after U.S President and U.S.
lawmakers entered a two-year deal that raises limits on government
borrowing. The euro closed at 1.1145, down 0.05% compared with the
previous close of 1.1151.
• Gold prices fell on the back of a strong dollar after the International
Monetary Fund raised its growth forecasts for U.S. in 2019.
• Brent crude rose on expectations that crude supplies by the U.S. will
remain lower.
• As the U.S.-China trade conflict continues, the International Monetary
Fund (IMF) has again cut its prediction for worldwide financial
development, with Brexit continuing to worry and inflation muted. In
2019, the global economy is expected to grow by 3.2%. The revised
figure for economic growth is 0.1 percentage points smaller than the
IMF's Apr 2019 prediction and 0.3 percentage points lower than the
estimate at the beginning of the year.
• The National Association of Realtors (NAR) said in a report that U.S.
existing home sales pulled back by much more than anticipated in Jun
2019. NAR said existing home sales tumbled by 1.7% to annual rate of
5.27 million in Jun after soaring by 2.9% to an upwardly revised rate of
5.36 million in May 2019.
Markets for You
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