06Mar2019
MarketsforYou
GlobalIndices
GlobalIndices 05‐Mar Prev_Day Abs.Change
%Change
#
DowJones 25,807 25,820 ‐13 ‐0.05
Nasdaq 7,576 7,578 ‐1 ‐0.02
FTSE 7,183 7,134 49 0.69
Nikkei 21,726 21,822 ‐96 ‐0.44
HangSeng 28,962 28,960 2 0.01
IndianIndices 05‐Mar Prev_Day Abs.Change
%Change
#
S&PBSESensex 36,443 36,064 379 1.05
Nifty50 10,987 10,864 124 1.14
Nifty100 11,177 11,041 137 1.24
NiftyBank 27,554 27,044 510 1.89
SGXNifty 11,017 10,933 84 0.76
S&PBSEPower 1,885 1,849 36 1.93
S&PBSESmallCap 14,417 13,982 435 3.11
S&PBSEHC 14,019 13,887 132 0.95
Date P/E Div.Yield P/E Div.Yield
5‐Mar 26.85 1.17 26.93 1.23
MonthAgo 23.30 1.16 27.07 1.23
YearAgo 23.34 1.16 25.40 1.20
Nifty50Top3Gainers
Company 05‐Mar Prev_Day
%Change
#
IndiabullsHFC 740 672 10.13
EicherMotors 21505 19949 7.80
TataMotors 194 180 7.63
Nifty50Top3Losers DomesticNews
Company 05‐Mar Prev_Day
%Change
#
Wipro 364 376 ‐3.22
TechMahindra 810 832 ‐2.62
Infosys 733 742 ‐1.27
AdvanceDeclineRatio
BSE NSE
Advances 2120 1540
Declines 570 336
Unchanged 184 72
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 17987
MFFlows** 9334
*5
th
Mar2019;**28
th
Feb2019
EconomicIndicator
YoY(%) Current YearAgo
CPI
2.05%
(Jan‐19)
5.07%
(Jan‐18)
IIP
2.40%
(Dec‐18)
7.30%
(Dec‐17)
GDP
6.60%
(Dec‐18)
7.70%
(Dec‐17)
06March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
4.60%
(Sep‐18)
7.10%
(Sep‐18)
QuarterAgo
Inflow/Outflow
‐5201
4165
3.38%
(Oct‐18)
• Indian equity markets closed in the green after an extended weekend.
Decline in crude oil prices as China lowered its economic growth target for
the current year, thereby hurting the demand prospects of oil boosted
market sentiment. Surge in Nikkei Services PMI reading for Feb 2019 and
strength in rupee added to the gains.
• Additionally, gains in auto stocks after an auto major denied reports of
exploring options including stake sale for one of its subsidiaries boosted
the indices.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 1.05% and
1.14% to close at 36,442.54 and 10,987.45, respectively. S&P BSE Mid‐Cap
and S&P BSE Small Cap grew 2.01% and 3.11%, respectively.
• The overall market breadth on BSE was weak with 2,120 scrips
advancing and 570 scrips declining. A total of 184 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Auto stood as the major gainer, up
3.06% followed by S&P BSE Oil & Gas and S&P BSE Basic Materials that
grew 2.75% and 2.70%, respectively. S&P BSE Industrials and S&P BSE
Metal grew 2.63% and 2.52%, respectively.
• The Nikkei India Services Purchasing Managers' Index (PMI) grew to 52.5
in Feb 2019 from 52.2 in Jan 2019. New work led to faster increase in
output and solid job creation. Business sentiment improved and rates of
both input cost and output charge inflation eased. However, international
trade was weak. Seasonally adjusted Nikkei India Composite PMI Output
Index grew to 53.8 in Feb from 53.6 in Jan.
• According to the media reports, the President of Federation of Indian
Chambers of Commerce and Industry (FICCI) stated that the government
has promised that once Goods and Services Tax (GST) collection improves,
it will reduce the corporate tax rate to 25% for all companies. The
President of FICCI stated that the discussion with the finance minister
came around a wide range of issues, which included taxation, job creation
and boosting industrial output.
• According to a data from Tea Board, Tea production fell to 13.96 million
kg in India in Jan 2019 as against production of 17.68 million kg in the
year‐ago period. South India was the biggest contributor and there was no
production in north India in Jan 2019 due to ban imposed on plucking.
• The law minister announced that the number of subscribers for Pradhan
Mantri Shram Yogi Maan‐Dhan (PM‐SYM) would soon cross one crore
mark. The scheme provides assured monthly pension of Rs. 3,000 to
informal workers. As per the numbers from the labour ministry portal, as
many as 10.95 lakh workers have already subscribed to the pension
scheme. Subscription of the scheme is being enabled by as many as 2.36
lakh common service centres across 36 states in the country.
• According to the media reports, income tax e‐returns filed has grown
approximately 30% YoY for the period for the period Apr 2018‐Feb 2019
and 6.4 crore taxpayers have filed returns in the same period of FY19. The
government expects 7.6 crore returns to be filed by the end of FY19 as
against 6.7 crore in FY18. 0.8 crore, 1.1 crore and 1.85 crore e‐returns
were filed in FY16, FY17 and FY18, respectively alone in Mar 2019 itself.
• Asian markets traded in mixed as concerns over global growth
resurfaced after China cut its GDP growth target and after U.S.
construction spending unexpectedly fell in Dec 2018. Further, Chinese
Commerce Minister said that trade talks with the U.S. might be time‐
consuming due to the large differences between the two countries.
However, as per the Nikkei services PMI, the Japanese service sector
expanded at a faster rate in Feb 2019. Today (as of Mar 06), Asian markets
mostly opened on a lower note following decline on the Wall Street
Overnight. While Nikkei was trading lower 0.70%, Hang Seng was up
0.38% (as at 8 a.m. IST).
• As per the last close, European markets mostly rose with market
participants reacting to regional macroeconomic data and tracking news
on U.S. China trade talks, Brexit and the Chinese government's plans to
revive the country's economic growth.
• As per the last close, U.S markets fell marginally as market participants
seemed reluctant to take major position due to uncertainty about the
outcome of the U.S.‐China trade discussions.
MarketsforYou
FIIDerivativeTradeStatistics 05‐Mar
(RsCr) Buy Sell OpenInt.
IndexFutures 1787.49 1617.53 15336.29
IndexOptions 53779.44 51947.01 47287.52
StockFutures 10678.02 10818.13 85241.99
StockOptions 5655.41 5154.01 3623.37
Total 71900.36 69536.68 151489.17
05‐Mar Prev_Day Change
PutCallRatio(OI) 1.76 1.69 0.07
IndianDebtMarket
PutCallRatio(Vol) 1.00 1.02 ‐0.02
05‐Mar Wk.Ago Mth.Ago YearAgo
CallRate 6.15% 6.19% 6.34% 5.88%
T‐Repo 6.10% 6.19% 6.30% NA
Repo 6.25% 6.25% 6.50% 6.00%
ReverseRepo 6.00% 6.00% 6.25% 5.75%
91DayT‐Bill 6.30% 6.28% 6.65% 6.27%
364DayT‐Bill 6.40% 6.43% 6.74% 6.62%
10YearGilt 7.56% 7.59% 7.61% 7.78%
G‐SecVol.(Rs.Cr) 23359 19749 31357 9664
CurrencyMarketUpdate
FBILMIBOR* 6.30% 6.35% 6.50% 6.03%
3MonthCPRate 7.80% 7.75% 7.65% 7.88%
5YearCorpBond 8.45% 8.37% 8.52% 8.24%
1MonthCDRate 6.51% 6.73% 6.62% 7.24%
3MonthCDRate 7.36% 7.33% 7.24% 7.28%
1YearCDRate 7.68% 7.68% 8.00% 7.59%
CommodityMarketUpdate
Currency 05‐Mar Prev_Day Change
USD/INR 70.76 70.97 ‐0.21
GBP/INR 93.12 94.09 ‐0.97
EURO/INR 80.16 80.72 ‐0.56
InternationalNews
JPY/INR 0.63 0.63 0.00
Commodity 05‐Mar WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 56.50 55.35 53.64 62.48
BrentCrude($/bl) 63.68 65.05 61.76 66.57
Gold($/oz) 1287 1329 1315 1320
Gold(Rs./10gm) 32138 33264 33239 30488
Source:ThomsonReutersEikon
*Asonprevioustradingday
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
06March2019
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty Mar 2019 Futures were at 11,032.70, a premium of 45.25 points,
over the spot closing of 10,987.45. The turnover on NSE’s Futures and
Options segment increased to Rs. 8,41,769.57 crore on Mar 5, 2019,
compared with Rs. 4,05,111.45 crore on Mar 1, 2019.
• The Put‐Call ratio stood at 0.84, compared with the previous session’s
close of 0.92.
• The Nifty Put‐Call ratio stood at 1.76 compared with the previous
session’s close of 1.69.
• Open interest on Nifty Futures stood at 15.26 million as against the
previous session’s close at 14.97 million.
• Bond yields remained steady. The yield’s decline on speculations that
the Indian Monetary Policy Committee may again cut interest rate in the
upcoming Apr meet was offset by heavy state debt sale worth Rs. 202.58
billion.
• Yield on the existing 10‐year benchmark paper (7.17% GS 2028)
remained unchanged at 7.56% as compared with the previous session’s
close after trading in the range of 7.53% to 7.56%.
• Yield on the upcoming new 10‐year benchmark paper (7.26% GS 2029)
remained unchanged at 7.38% compared with the previous session’s
close after trading in the range of 7.35% to 7.39%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,791 crore (gross) on Mar 5, 2019, compared
with Rs. 3,225 crore (gross) as on Mar 1, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 55,166
crore on Mar 1, 2019.
• The Indian rupee appreciated on high corporate dollar inflow and
foreign portfolio flows. However, the U.S. President’s comment on Indian
trade tariff limited the local unit’s upside. The rupee closed at 70.49 a
dollar, up 0.59% compared with the previous close of 70.91.
• The euro weakened against the greenback as investors grow cautious
ahead of the European Central Bank (ECB) due on Mar 7, 2019. The euro
was last seen trading at 1.1329 a dollar, down 0.40% compared with the
previous close of 1.1337.
• Gold prices drifted lower on dollar strength following the uptick in U.S.
Treasury yield.
• Brent crude prices edged down after China lowered it economic growth
target for the current year.
• According to a report by the Commerce Department, U.S. construction
spending fell 0.6% to an annual rate of $1.293 trillion in Dec 2018
following 0.8% rise to a rate of $1.301 trillion in Nov 2018. However, total
construction spending in Dec rose 1.6% compared to the same month a
year ago.
• According to IHS Markit, U.K. services PMI rose to 51.3 in Feb 2019 from
50.1 in Jan 2019. Also, the U.K. composite PMI climbed to 51.4 in Feb
from 50.3 in Jan.
• According to the latest survey from Nikkei, Japan’s service Purchasing
Managers’ Index (PMI) rose to 52.3 in Feb 2019 from 51.6 in Jan 2019.
However, the composite PMI fell to 50.7 in Feb from 50.9 from the
previous month.
MarketsforYou
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