GlobalIndices 30‐Jul Prev_Day Abs.Change
Russell3000 1,323 1,327 ‐3 ‐0.26
Nasdaq 8,274 8,293 ‐20 ‐0.24
FTSE 7,647 7,687 ‐40 ‐0.52
Nikkei 21,709 21,617 93 0.43
HangSeng 28,147 28,106 40 0.14
IndianIndices 30‐Jul Prev_Day Abs.Change
S&PBSESensex 37,397 37,686 ‐289 ‐0.77
Nifty50 11,085 11,189 ‐104 ‐0.93
Nifty100 11,180 11,291 ‐111 ‐0.99
Nifty500 9,004 9,109 ‐105 ‐1.15
NiftyBank 28,792 29,296 ‐504 ‐1.72
S&PBSEPower 1,954 1,971 ‐17 ‐0.84
S&PBSESmallCap 12,650 12,926 ‐276 ‐2.14
S&PBSEHC 12,585 12,797 ‐213 ‐1.66
Date P/E Div.Yield P/E Div.Yield
30‐Jul 26.64 1.23 27.34 1.34
MonthAgo 28.46 1.19 28.98 1.24
YearAgo 23.53 1.17 28.12 1.19
Company 30‐Jul Prev_Day
BhartiAirtel 346 335 3.35
TCS 2179 2130 2.31
HCLTech 1024 1015 0.80
Nifty50Top3Losers DomesticNews
Company 30‐Jul Prev_Day
YesBank 86 95 ‐9.18
IndusIndBank 1337 1432 6.63
IndiabullsHFC 524 560 ‐6.40
Advances 534 346
Declines 1982 1514
Unchanged 107 76
Description(Cr) YTD
FIIFlows* 66904
MFFlows** 18475
YoY(%) Current YearAgo
Sensex Nifty
The Reserve Bank of India (RBI) has relaxed rules for end‐use of money
raised through external commercial borrowings (ECBs). RBI said ECBs with
a minimum average maturity period of seven years can be used for
repayment of rupee loans taken domestically for capital expenditure as
also by non‐banking financial companies for on‐lending for the same
Under the Consumer Protection Bill 2019 passed in Lok Sabha,
misleading advertisements will now attract penalties. The bill contains
provisions to penalise a manufacturer or service provider as well as
celebrity endorser involved in such advertisements. Apart from
conventional media such as television, print and outdoor, the bill also
takes into account e‐commerce, direct selling, telemarketing, etc.
The World Trade Organization (WTO) said volume of world merchandise
trade (measured by the average of exports and imports) grew 3% in 2018,
just above the 2.9% increase in world GDP over the same period but
“significantly lower” than the 4.6% growth recorded in 2017. The value of
world merchandise exports was $19.48 trillion in 2018, up from $17.33
trillion in 2017, partly due to higher oil prices. However, merchandise
exports of developing economies grew 11% in 2018 while imports
increased 12%, continuing the positive growth of 2017 after a decline in
2015‐16. Merchandise exports totalled $8.22 trillion and imports $7.97
trillion in 2018.
The commerce and industry ministry has issued a cabinet note for a
new export incentives scheme that would be compliant with the World
and Levies (RoSCTL) scheme, which is available on export of garments and
made‐ups, will now be extended to all exports in phases. The new
scheme will replace the extant Merchandise Exports from India Scheme
(MEIS), which was challenged by the U.S. last year in WTO.
Indian equity markets fell mainly because of earnings concerns, foreign
fund outflows and slowdown in auto sales. Investors also remained
cautious ahead of the U.S. Federal Reserve’s policy meet, scheduled on
Jul 31, 2019.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.77% and
0.93% to close at 37,397.24 and 11,085.40, respectively. S&P BSE Mid‐
Cap and S&P BSE Small Cap lost 1.58% and 2.13%, respectively.
The overall market breadth on BSE was weak with 534 scrips advancing
and 1982 scrips declining. A total of 107 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Telecom was the major gainer, up
0.87%, followed by S&P BSE Teck and S&P BSE IT, which gained 0.69% and
0.67%, respectively. S&P BSE Metal was the major loser, down 3.25%,
followed by S&P BSE Energy and S&P BSE Basic Materials, down 2.42%
and 2.32%, respectively. S&P BSE Oil & Gas and S&P BSE Auto lost 2.14%
and 2.12%, respectively.
Asian equity markets gained as investors looked forward to U.S. Federal
Reserve’s policy meet and further talks on the U.S.‐China trade front.
Expectations are for the U.S. Fed to cut rates by 25 basis points at the end
of a two‐day policy meeting on Jul 31, 2019. Today (as of Jul 31), Asian
markets opened lower as sentiment dampened around U.S.‐China trade
talks and investors are awaiting U.S. monetary policy announcement.
Both Nikkei and Hang Seng were trading lower 1.01% and 1.41%,
respectively (as at 8.a.m. IST).
As per the last close, European markets lost as investors took stock of
earnings and renewed U.S.‐China trade uncertainty. The U.S. President’s
remarks have once again shadowed talks between the two countries.
As per the last close, U.S. markets fell after the U.S. President said China
was not keeping its promise of buying more U.S. agricultural products.
This dampened hopes of a trade deal between the two economies.
Investors also looked forward to U.S. Federal Reserve’s monetary policy
FIIDerivativeTradeStatistics 30‐Jul
(RsCr) Buy Sell OpenInt.
IndexFutures 2175.74 3813.68 15515.48
IndexOptions 192748.27 190740.61 37587.77
StockFutures 12650.32 12459.69 84409.78
StockOptions 5339.50 5359.05 2588.62
Total 212913.83 212373.03 140101.65
30‐Jul Prev_Day Change
PutCallRatio(OI) 0.53 0.40 0.13
PutCallRatio(Vol) 0.85 0.87 ‐0.02
30‐Jul Wk.Ago Mth.Ago YearAgo
CallRate 5.53% 5.58% 5.94% 6.19%
T‐Repo 5.56% 5.55% 5.85% NA
Repo 5.75% 5.75% 5.75% 6.25%
ReverseRepo 5.50% 5.50% 5.50% 6.00%
91DayT‐Bill 5.70% 5.72% 6.02% 6.69%
364DayT‐Bill 5.93% 5.93% 6.08% 6.95%
10YearGilt 6.39% 6.46% 6.88% 7.79%
G‐SecVol.(Rs.Cr) 49385 49145 45259 22108
FBILMIBOR* 5.75% 5.80% 5.97% 6.27%
3MonthCPRate 6.30% 6.30% 7.00% 7.50%
5YearCorpBond 7.72% 7.74% 8.10% 8.66%
1MonthCDRate 5.71% 5.90% 6.07% 6.81%
3MonthCDRate 6.28% 6.28% 6.41% 7.25%
1YearCDRate 6.87% 7.02% 7.16% 7.99%
Currency 30‐Jul Prev_Day Change
USD/INR 68.75 68.90 ‐0.15
GBP/INR 83.54 85.22 1.67
EURO/INR 76.58 76.66 ‐0.08
JPY/INR 0.63 0.63 0.00
Commodity 30‐Jul WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 58.04 56.55 58.17 70.81
BrentCrude($/bl) 61.69 62.47 68.96 75.63
Gold($/oz) 1431 1417 1409 1221
Gold(Rs./10gm) 34801 34852 34006 29773
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Bond yield declined amid hopes of policy rate cut by the U.S. Federal
Reserve in the two‐day meeting. In addition, the domestic finance
minister’s comment clearing doubts that no review is being conducted
on sovereign bond issue also lifted the market sentiment.
Yield on the 10‐year benchmark paper (7.26% GS 2029) plunged 2 bps
to close at 6.39% compared with the previous close of 6.41% after
trading in a range of 6.38% to 6.44%.
Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,033 crore (gross) on Jul 30, 2019 compared
with Rs. 3,709 crore (gross) borrowed on Jul 29, 2019. Sale of securities
under Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
15,710 crore on Jul 29, 2019.
Banks borrowed Rs. 199 crore under the central bank’s Marginal
Standing Facility on Jul 29, 2019 compared with Rs. 300 crore borrowed
on Jul 26, 2019.
A Conference Board report showed that the U.S. consumer confidence
index surged up to 135.7 in Jul after tumbling to 124.3 in Jun 2019.
A National Association of Realtors report showed pending home sales
in the U.S. surged up by 2.8% to 108.3 in Jun after jumping by 1.1% to
105.4 in May 2019.
A Commerce Department report showed personal income and
spending in the U.S. rose in line with estimates in Jun 2019. Personal
income climbed 0.4% in Jun, matching the increase in May 2019.
Nifty Aug 2019 Futures were at 11,095.2, a premium of 9.80 points,
above the spot closing of 11,085.40. The turnover on NSE’s Futures and
Options segment increased to Rs. 13,60,911.98 crore on Jul 30, 2019,
compared with Rs. 8,98,331.92 crore on Jul 29, 2019.
The Put‐Call ratio remained unchanged compared with previous
session’s close of 0.88.
The Nifty Put‐Call ratio stood at 0.53 compared with the previous
session’s close of 0.40.
Open interest on Nifty Futures stood at 18.15 million, compared with
the previous session’s close of 18.22 million.
The Indian rupee fell against the greenback following losses in the
domestic equity market and concerns of foreign fund outflow from the
domestic economy. The rupee closed at 68.86 a dollar, down 0.19
compared with the previous close of 68.73.
The euro inched against the greenback as the latter remained unde
pressure ahead of the U.S. Federal Reserve Monetary Policy review. The
euro was last seen trading at 1.1153, up 0.08% compared with the
previous close of 1.1144.
Gold prices continued with the rally, supported by the weakness in the
international bond yields in response to disappointing Japanese and
European data. .
Brent Crude prices rose, led by media reports stating that Iranian oil
exports have dropped in Jul.
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