GlobalIndices 07‐Mar Prev_Day Abs.Change
DowJones 25,473 25,673 ‐200 ‐0.78
Nasdaq 7,421 7,506 ‐84 ‐1.13
FTSE 7,158 7,196 ‐38 ‐0.53
Nikkei 21,456 21,597 ‐141 ‐0.65
HangSeng 28,779 29,038 ‐258 ‐0.89
IndianIndices 07‐Mar Prev_Day Abs.Change
S&PBSESensex 36,725 36,636 89 0.24
Nifty50 11,058 11,053 5 0.05
Nifty100 11,244 11,246 ‐2 ‐0.02
NiftyBank 27,765 27,626 139 0.50
SGXNifty 11,107 11,103 4 0.04
S&PBSEPower 1,899 1,905 ‐6 ‐0.29
S&PBSESmallCap 14,540 14,557 ‐16 ‐0.11
S&PBSEHC 13,998 14,131 ‐132 ‐0.94
Date P/E Div.Yield P/E Div.Yield
7‐Mar 27.22 1.16 27.11 1.22
MonthAgo 23.64 1.15 27.41 1.22
YearAgo 22.89 1.19 24.79 1.28
Company 07‐Mar Prev_Day
L&TLtd. 1352 1317 2.69
M&M 672 659 1.96
AxisBank 734 721 1.82
Nifty50Top3Losers DomesticNews
Company 07‐Mar Prev_Day
CoalIndia 235 243 ‐3.19
Wipro 269 277 ‐3.10
IndianOil 150 155 ‐3.03
Advances 1312 871
Declines 1358 940
Unchanged 149 97
Description(Cr) YTD
FIIFlows* 17505
MFFlows** 9124
YoY(%) Current YearAgo
Sensex Nifty
Indian equity markets closed in the green for the fourth consecutive
session with modest gains followed by strength in rupee. FMCG and
banking stocks witnessed buying interest. Cabinet’s decision to reportedly
provide additional funds for sugar mills likely boosted FMCG stocks.
However, surge in crude oil prices took a toll over market sentiment.
Further, fall in one of the financial sector giants’ share prices following
media reports that a major credit rating agency has revised some of its
long‐term ratings restricted the gains.
Additionally, weak global cues as Organization for Economic Co‐
operation and Development again cut its global growth forecasts for 2019
and 2020 and as the U.S. trade deficit surged to a 10‐year high in Dec 2018
kept the markets under pressure.
Key benchmark indices S&P BSE Sensex and Nifty 50 rose 0.24% and
0.05% to close at 36,725.42 and 11,058.20, respectively. S&P BSE Mid‐Cap
and S&P BSE Small Cap fell 0.34% and 0.11%, respectively.
The overall market breadth on BSE was weak with 1,358 scrips declining
and 1,312 scrips advancing. A total of 149 scrips remained unchanged.
The Cabinet Committee on Economic Affairs (CCEA) has permitted
Alternative Mechanism to decide on the timing, price and quantum of
shares of a state‐run company to be put on the block for outright sale. This
comes in order to fast track strategic disinvestment of Central Public
Sector Enterprises (CPSEs).
The Cabinet has given approval for continuation of Atal Innovation
Mission (AIM). Expenditure up to Rs. 1,000 crore has been approved for
expansion of Atal Tinkering Labs (ATL) to 10,000 schools till FY20 with the
help of AIM. For maintenance of the ATL equipment and operational
expenses, each ATL receives grant of Rs. 12 lakh in the first year and up to
2 lakh per year for following four years.
The finance minister announced that the Cabinet has approved interest
subvention worth Rs. 2,790 crore for extending loans by banks to sugar
mills. Cabinet Committee has already approved Rs 1,332 crore in Jun 2018.
The Union cabinet announced that it has given approval to grant coal
supply to power plants with short term power purchase agreements.
Additionally, besides giving renewable status to hydroelectric plants, it has
cleared investment of Rs. 21,000 crore for setting up two new coal‐based
plants in Uttar Pradesh and Bihar. Also, various recommendations made
by group of ministers related to coal supply issues to stressed power
plants were approved by the cabinet.
According to media reports, the government has brought in stiff
localisation riders for the automotive industry in order to avail the
incentives upfront under the Faster Adoption and Manufacturing of hybrid
and Electric Vehicles (FAME) II Initiative. This comes on the wake of
promoting local manufacturing of electric vehicles. In order to qualify for
the scheme, vehicle makers have to confirm minimum localisation content
of 40% on ex‐factory price of the vehicle in case of buses and 50% for all
other categories of vehicles.
Most of the Asian markets traded in low as investors remained cautious
ahead of European Central Bank’s meeting and U.S. monthly jobs data.
Global growth slowdown also resurfaced after the Organisation for
Economic Co‐operation and Development reduced its global growth
forecasts and the U.S. trade deficit surged to a 10‐year high in 2018.
Further, U.S. private sector job growth slowed in Feb 2019. Today (as of
Mar 08), Asian markets opened on a lower note following decline on the
Wall Street Overnight. Both Nikkei and Hang Seng were trading lower
1.36% and 1.38%, respectively (as at 8 a.m. IST).
As per the last close, European markets fell after the European Central
Bank (ECB) trimmed its forecast for eurozone economic growth citing
lingering, mainly external uncertainties.
As per the last close, U.S markets declined after the ECB lowered its
forecast for eurozone economic growth citing lingering, mainly external
uncertainties. The eurozone growth outlook for 2019 was trimmed to
1.1% from 1.7%, while the outlook for 2020 was lowered to 1.6% from
FIIDerivativeTradeStatistics 07‐Mar
(RsCr) Buy Sell OpenInt.
IndexFutures 3173.79 2796.76 15821.28
IndexOptions 167575.25 167286.69 53042.28
StockFutures 12765.85 12604.39 87381.22
StockOptions 8061.12 7921.33 5510.98
Total 191576.01 190609.17 161755.76
07‐Mar Prev_Day Change
PutCallRatio(OI) 1.77 1.80 ‐0.03
PutCallRatio(Vol) 1.03 1.06 ‐0.03
07‐Mar Wk.Ago Mth.Ago YearAgo
CallRate 6.14% 6.19% 6.48% 5.89%
T‐Repo 6.20% 6.21% 6.47% NA
Repo 6.25% 6.25% 6.25% 6.00%
ReverseRepo 6.00% 6.00% 6.00% 5.75%
91DayT‐Bill 6.39% 6.39% 6.29% 6.25%
364DayT‐Bill 6.48% 6.55% 6.60% 6.65%
10YearGilt 7.39% 7.41% 7.32% 7.68%
G‐SecVol.(Rs.Cr) 18551 28598 67344 29746
FBILMIBOR* 6.24% 6.35% 6.48% 6.00%
3MonthCPRate 7.70% 7.80% 7.45% 7.92%
5YearCorpBond 8.42% 8.33% 8.47% 8.19%
1MonthCDRate 6.81% 7.19% 6.58% 7.11%
3MonthCDRate 7.30% 7.40% 6.97% 7.19%
1YearCDRate 7.98% 7.95% 8.19% 7.47%
Currency 07‐Mar Prev_Day Change
USD/INR 70.03 70.58 ‐0.55
GBP/INR 92.26 92.72 ‐0.46
EURO/INR 79.17 79.77 ‐0.60
JPY/INR 0.63 0.63 0.00
Commodity 07‐Mar WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 56.55 57.16 52.63 61.08
BrentCrude($/bl) 64.26 64.47 61.10 65.18
Gold($/oz) 1285 1313 1310 1325
Gold(Rs./10gm) 31982 33250 33000 30565
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Nifty Mar 2019 Futures were at 11,098.20, a premium of 40.00 points,
over the spot closing of 11,058.20. The turnover on NSE’s Futures and
Options segment increased to Rs. 17,03,076.34 crore on Mar 7, 2019,
compared with Rs. 10,20,986.95 crore on Mar 6, 2019.
The Put‐Call ratio stood at 0.85, compared with the previous session’s
close of 0.99.
The Nifty Put‐Call ratio stood at 1.77 compared with the previous
session’s close of 1.80.
Open interest on Nifty Futures stood at 15.57 million as against the
previous session’s close at 15.64 million.
Bond yields rose as investors preferred to stay on the sidelines ahead of
heavy debt supply this month. In addition, investors are also staying
cautious on the Feb 2019 retail inflation data, which is scheduled to
release next week.
Yield on the existing 10‐year benchmark paper (7.17% GS 2028) rose 1
bps to close at 7.58% as compared with the previous session’s close of
7.57% after trading in the range of 7.56% to 7.58%.
Yield on the upcoming new 10‐year benchmark paper (7.26% GS 2029)
remained unchanged at 7.39% compared with the previous session’s
close after trading in the range of 7.37% to 7.39%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,056 crore (gross) on Mar 7, 2019, compared
with Rs. 3,516 crore (gross) as on Mar 6, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 13,880
crore on Mar 6, 2019.
The Indian rupee went up following the release of weak U.S. private
jobs data. Besides, foreign fund inflows supported the local unit.
closed at 70.00 a dollar, up 0.41% compared with the previous close of
The euro remained subdued ahead of European Central Bank's meeting.
The euro was last seen trading at 1.1312 a dollar, up 0.06% compared
with the previous close of 1.1305.
Gold prices remained steady with decline in global equities due to rising
global economic growth.
Brent crude prices edged up, drawing support from output cut by OPEC
and its allies. Oil prices were last seen trading at $65.27 per barrel
compared with the previous close of $63.95.
According to the Commerce Department, the U.S. trade deficit widened
to $59.8 billion in Dec 2018 from a revised $50.3 billion in Nov 2018. The
significant increase in trade deficit came as the value of imports rose 2.1%
to $264.9 billion, while the value of exports fell 1.9% to $205.1 billion.
According to a report by ADP, private sector employment increased less
than expected by 183,000 jobs in Feb 2019 following increase by an
upwardly revised 300,000 jobs in Jan 2019.
According to the latest data from Eurostat, eurozone’s gross domestic
product (GDP) grew 0.2% QoQ in the fourth quarter of 2018 as against
0.1% in third quarter of 2018. GDP grew 1.1% YoY in fourth quarter of
2018 and 1.8% in whole 2018.
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