26 Jul 2019
Markets for You
Global Indices
Global Indices 25-Jul Prev_Day Abs. Change
% Change
#
Russell 3000 1,317 1,327 -10 -0.73
Nasdaq 8,239 8,322 -83 -1.00
FTSE 7,489 7,501 -12 -0.17
Nikkei 21,757 21,710 47 0.22
Hang Seng 28,594 28,524 70 0.25
Indian Indices 25-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,831 37,848 -17 -0.04
Nifty 50 11,252 11,271 -19 -0.17
Nifty 100 11,352 11,360 -8 -0.07
Nifty 500 9,159 9,160 -1 -0.01
Nifty Bank 29,043 28,952 91 0.31
S&P BSE Power 2,001 2,004 -3 -0.14
S&P BSE Small Cap 13,031 13,044 -12 -0.09
S&P BSE HC 12,840 12,636 204 1.61
Date P/E Div. Yield P/E Div. Yield
25-Jul 27.12 1.24 27.57 1.32
Month Ago 28.47 1.19 29.17 1.24
Year Ago 23.27 1.19 27.66 1.20
Nifty 50 Top 3 Gainers
Company 25-Jul Prev_Day
% Change
#
Lupin 773 738 4.74
Vedanta Limited 171 165 3.88
Cipla 537 519 3.45
Nifty 50 Top 3 Losers Domestic News
Company 25-Jul Prev_Day
% Change
#
Tata Motors 144 151 -4.60
HPCL 267 279 -4.25
Bajaj Finserv Limited 6782 7065 -4.01
Advance Decline Ratio
BSE NSE
Advances 1070 809
Declines 1370 1021
Unchanged 163 109
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 63729
MF Flows** 17286
*25
th
Jul 2019; **24
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)
26 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
1559
-1447
2.86%
(Mar-19)
• Indian equity markets could not hold on to early gains and ended in the
red once again. Derivative agreements expiry in Jul 2019 came in the way
of market gains. Global cues were positive as markets gained on rising
expectations that central banks will ease their monetary policies to
support economic growth.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.04% and
0.17% to close at 37,830.98 and 11,252.15, respectively. S&P BSE Mid-
Cap gained 0.53% and S&P BSE Small Cap fell 0.09%.
• The overall market breadth on BSE was weak with 1070 scrips
advancing and 1370 scrips declining. A total of 163 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Healthcare was the major gainer, up
1.61%, followed by S&P BSE IT and S&P BSE Teck, which gained 0.77%
and 0.75%, respectively. S&P BSE Bankex and S&P BSE Consumer
Durables gained 0.34% each. S&P BSE Energy was the major loser, down
1.91%, followed by S&P BSE Oil & Gas and S&P BSE Metal, down 1.28%
and 0.83%, respectively. S&P BSE Industrials and S&P BSE Capital Goods
lost 0.6% and 0.49%, respectively.
• The Prime Minister’s Office (PMO) wants the finance ministry to
reconsider the idea of issuing foreign currency overseas sovereign bonds,
media reports said. The PMO has asked the finance ministry to go for
wider consultation with stakeholders before proceeding with any plans.
• Niti Aayog CEO said India will slowly shift from a policy of import
substitution to export-led growth. He said India has a huge potential to
become a global manufacturing hub for electronics products, adding that
The National Policy for Electronics 2019 has already identified exports of
electronics from India to the world.
• The finance ministry will gradually relax the requirement of 100%
physical examination of export consignments of “risky exporters” in case
no discrepancies are seen in previous inspections, media reports said. In
order to keep an eye on GST evasion, the Central Board of Indirect Taxes
and Customs had identified 5,106 “risky exporters” who claimed GST
refunds based on bogus invoices. It was decided that Risk Management
Centre for Customs will insert alerts for all such risky exporters and make
100% examination mandatory of their export consignments.
• According to the India Meteorological Department, the country could
to get above-average rainfall in the next two weeks. India received below
average rains in the past two weeks, the department said. The country
has received 17% less rain than average since the monsoon season
began on Jun 1, 2019.
• West Bengal finance minister has written to Union finance minister
ahead of the Goods and Services Tax (GST) Council meeting. The meeting
top agenda is a reduction in the tax rates for electric vehicles (EVs) and
chargers. He highlighted that the automobile industry has invested Rs 1.7
lakh crore to upgrade technology to meet higher emission standards, and
undue hurry to create the infrastructure to replace fossil-fuel vehicles
with EVs would have a “disastrous impact” on auto companies.
• Asian equity markets gained after disappointing economic data from
Europe and the U.S. raised expectations of greater stimulus by the
European Central Bank and the Federal Reserve, among others. The gains
were limited by rising tensions between Tokyo and Seoul on news that
North Korea fired two missiles from its east coast into the sea. Today (as
of Jul 26), Asian markets opened weak on concerns that the U.S. Federal
Reserve could be less aggressive than expected after U.S. reported a
fresh set of weak economic dataBoth Nikkei and Hang Seng were trading
down 0.67% and 0.44%, respectively (as at 8.a.m. IST).
• U.S. markets were weak as a fresh set of strong economic data
dimmed hopes of rate-cut by the U.S. Federal Reserve at its policy meet
at month-end.
• European markets traded lower after the European Central Bank (ECB)
gave mixed signals by keeping interest rates on hold and hinting at more
monetary easing in the future. Expectations were for the central bank to
cut rates.
Markets for You
FII Derivative Trade Statistics 25-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 9281.04 10543.73 22720.83
Index Options 288441.91 290217.66 47216.95
Stock Futures 31412.35 31599.03 88945.59
Stock Options 3520.13 3491.20 3464.72
Total 332655.43 335851.62 162348.09
25-Jul Prev_Day
Change
Put Call Ratio (OI) 0.88 0.96 -0.08
Indian Debt Market
Put Call Ratio(Vol) 0.87 0.83 0.04
25-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 5.61% 5.57% 5.78% 6.24%
T-Repo 5.61% 5.57% 5.47% NA
Repo 5.75% 5.75% 5.75% 6.25%
Reverse Repo 5.50% 5.50% 5.50% 6.00%
91 Day T-Bill 5.73% 5.67% 5.94% 6.69%
364 Day T-Bill 5.90% 5.95% 6.08% 7.26%
10 Year Gilt 6.51% 6.39% 6.88% 7.79%
G-Sec Vol. (Rs.Cr) 63985 45062 51363 15005
Currency Market Update
FBIL MIBOR* 5.70% 5.75% 5.90% 6.39%
3 Month CP Rate 6.30% 6.30% 6.95% 7.85%
5 Year Corp Bond 7.83% 7.70% 8.06% 8.73%
1 Month CD Rate 5.76% 5.84% 6.02% 6.75%
3 Month CD Rate 6.29% 6.33% 6.30% 7.24%
1 Year CD Rate 6.77% 6.84% 7.23% 8.02%
Commodity Market Update
Currency 25-Jul Prev_Day
Change
USD/INR 68.99 69.01 -0.02
GBP/INR 86.07 85.89 0.19
EURO/INR 76.82 76.96 -0.14
International News
JPY/INR 0.64 0.64 0.00
Commodity 25-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 55.85 55.05 57.60 70.78
Brent Crude($/bl) 63.31 60.84 67.68 74.31
Gold( $/oz) 1414 1446 1423 1231
Gold(Rs./10 gm) 34943 34709 34329 29904
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
26 July 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Jul 2019 Futures settled at spot closing of 11,252.15. Nifty Aug
2019 Futures were at 11,301.05, a premium of 48.90 points, above the
spot closing. The turnover on NSE’s Futures and Options segment rose
to Rs. 26,03,370.58 crore on Jul 25, 2019, compared with Rs.
15,69,829.93 crore on Jul 24, 2019.
• The Put-Call ratio stood at 0.81 compared with the previous session’s
close of 0.86.
• The Nifty Put-Call ratio stood at 0.88 compared with the previous
session’s close of 0.96.
• Open interest on Nifty Futures stood at 24.30 million, compared with
the previous session’s close of 21.91 million.
• Bond yield rose as investor anxiety rose after a local media agency
reported that the Prime Minister’s Office is inclined to issue rupee-
denominated bonds in the foreign market, instead of issuing foreign
currency notes. In addition, the overall market sentiment has also been
dampened by doubts over future rate cut plans.
• Yield on the 10-year benchmark paper (7.26% GS 2029) increased 7
bps at 6.51% compared with the previous close of 6.44% after trading in
a range of 6.42% to 6.55%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 8,289 crore (gross) on Jul 25, 2019 compared
with Rs. 3,564 crore (gross) borrowed on Jul 24, 2019. Sale of securities
under Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
17,265 crore on Jul 24, 2019.
• The Indian rupee weakened against the greenback likely on concerns
over foreign fund outflows and weakness in domestic equity markets.
Further, investors remained cautious ahead of outcome of European
Central Bank’s (ECB) policy meeting. The rupee closed at 69.04 a dollar
compared with the previous close 68.98.
• The euro gained slightly after ECB kept the interest rates unchanged.
The euro closed at 1.1145 compared with the previous close of 1.1139.
• Gold prices fell following upbeat data of new durable goods order in
U.S. in Jun and less than expected weekly jobless claims.
• Brent crude prices fell following preliminary reports that Germany’s
manufacturing and service PMI data fell in Jul, indicating deteriorating
growth outlook.
• A Labor Department report showed an unexpected pullback in initial
jobless claims in the week ended Jul 20, 2019. Initial jobless claims fell to
206,000, a decrease of 10,000 from the previous week's unrevised level
of 216,000.
• The European Central Bank (ECB) has left its interest rates unchanged
and altered its forward guidance, signalling they will be reduced in
future, and that policymakers are planning a comprehensive stimulus
package. ECB president stressed on the need for significant stimulus for
the euro area economy as policymakers assessed that the outlook was
getting worse.
Markets for You
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