12 Mar 2019
Markets for You
Global Indices
Global Indices 11-Mar Prev_Day Abs. Change
% Change
#
Dow Jones 25,651 25,450 201 0.79
Nasdaq 7,558 7,408 150 2.02
FTSE 7,131 7,104 26 0.37
Nikkei 21,125 21,026 100 0.47
Hang Seng 28,503 28,228 275 0.97
Indian Indices 11-Mar Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,054 36,671 383 1.04
Nifty 50 11,168 11,035 133 1.20
Nifty 100 11,376 11,225 151 1.34
Nifty Bank 27,967 27,762 205 0.74
SGX Nifty 11,211 11,049 162 1.47
S&P BSE Power 1,956 1,917 39 2.04
S&P BSE Small Cap 14,763 14,529 234 1.61
S&P BSE HC 14,187 13,973 215 1.54
Date P/E Div. Yield P/E Div. Yield
11-Mar 27.27 1.16 27.38 1.21
Month Ago 23.43 1.16 26.96 1.24
Year Ago 22.91 1.18 24.97 1.28
Nifty 50 Top 3 Gainers
Company 11-Mar Prev_Day
% Change
#
Bharti Airtel 334 309 8.13
HPCL 263 250 5.42
BPCL 387 367 5.36
Nifty 50 Top 3 Losers Domestic News
Company 11-Mar Prev_Day
% Change
#
NTPC 151 152 -0.53
Tech Mahindra 807 811 -0.52
Zee Ente. 453 455 -0.46
Advance Decline Ratio
BSE NSE
Advances 1771 1312
Declines 886 524
Unchanged 186 101
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 19705
MF Flows** 8492
*11
th
Mar 2019; **7
th
Mar 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)
12 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
-483
1126
3.38%
(Oct-18)
• Indian equity markets gained as part of what experts see an election
rally. The Election Commission declared Apr 11, 2019, as the start of the
general elections. Elections are to be held in seven stages and results will
be declared on May 23, 2019. Some polls suggested a clear win for the
ruling party, which boosted market sentiment.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.04% and
1.20% to close at 37,054.10 and 11,168.05, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap increased 1.96% and 1.61%, respectively.
• The overall market breadth on BSE was strong with 1,771 scrips
advancing and 886 scrips declining. A total of 186 scrips remained
unchanged.
• On the BSE sectoral front, all the sectors except one gained. S&P BSE
Telecom was the major gainer, up 5.55%, followed by S&P BSE Energy and
S&P BSE Oil & Gas, up 2.92% and 2.85%, respectively. The only loser was
S&P BSE Information Technology, down 0.06%.
• According to media news, the Reserve Bank of India (RBI) doesn’t have
data on banned Rs. 500 and Rs. 1,000 notes used to pay at petrol pumps,
government hospitals, public transport, among others. The media reports
said this citing a reply to RTI query. RBI said, referring to a part of the RTI
to IRDAI, there is no information on banned notes used to pay for
insurance policies as “it is not maintained by the Authority”.
• According to media reports, the finance ministry may borrow around
60% of the Rs. 7.1 lakh crore budgeted gross borrowings for fiscal 2019-20
in its first half (H1) from the market. This will be done to meet part-
redemption, expenditures for welfare schemes and keep the fiscal deficit
in check.
• The Central government has asked a few states such as Bihar, Madhya
Pradesh, Andhra Pradesh and Uttar Pradesh to pay pending wages for the
rural employment guarantee scheme. They will have to pay from their
own coffers and bring down the level of dues to workers at the end of the
year to an all-time low. The centre plans to pay back the states by mid-Apr
2019 and has granted an additional Rs. 1,750 crore to the Department of
Rural Development for wage payments under the Mahatma Gandhi
National Rural Employment Guarantee Act (MGNREGA) for this fiscal.
• Tax authorities are questioning Indian businesses that paid most of their
goods and services tax (GST) liability using input tax credit or reported
significant variation in turnover. This has upset the industry and prompted
it to petition the authorities against such moves. Tax officials have sent
emails seeking information from businesses that paid over 95% of their
dues using input tax credit to ascertain the key factors responsible for
subdued GST collections.
• The government has modified rules governing special economic zones
(SEZ) to include value addition earning regulations along with the existing
positive net foreign exchange earning requirement to setup a unit. It has
prescribed criteria while renewing its validity. As per the updated rules,
the “prescribed value addition earning requirement” will apply in the
proposal to setup a unit in an SEZ, besides the positive net foreign
exchange earning requirement.
Markets for You
• Asian equity markets were mixed as global growth concerns
overshadowed hopes for policy support from China. U.S. jobs growth
almost stopped in Feb 2019 and new bank loans in China fell sharply in the
same month, leading to slowing global growth fears. Also, investors
looked forward to a crucial vote on U.K. Prime Minister's revised Brexit
deal on Mar 12, 2019, for direction. Today (as of Mar 12), Asian markets
opened higher following gains in the U.S. Wall Street. Both Nikkei and
Hangseng was trading up 1.65% and 0.90%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed higher amid reports of
merger of two major banks. Investors were also looking ahead to the vote
on a Brexit deal by the U.K. lawmakers.
• As per the last close, U.S markets closed higher following unexpected
rise in U.S. retail sales data in Jan 2019. Gains in tech shares also added to
the rise of markets. However, disappointing news about an aerospace
giant capped the gains.
FII Derivative Trade Statistics 11-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 2066.57 2317.96 16756.20
Index Options 93398.99 92389.86 57090.70
Stock Futures 9822.06 10910.50 86144.31
Stock Options 6865.79 6726.32 6591.10
Total 112153.41 112344.64 166582.31
11-Mar Prev_Day
Change
Put Call Ratio (OI) 1.73 1.60 0.13
Indian Debt Market
Put Call Ratio(Vol) 0.97 1.06 -0.08
11-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 6.16% 6.20% 6.36% 5.89%
T-Repo 6.17% 6.20% 6.35% NA
Repo 6.25% 6.25% 6.25% 6.00%
Reverse Repo 6.00% 6.00% 6.00% 5.75%
91 Day T-Bill 6.35% 6.38% 6.35% 6.22%
364 Day T-Bill 6.48% 6.51% 6.57% 6.62%
10 Year Gilt 7.35% 7.38% 7.36% 7.67%
G-Sec Vol. (Rs.Cr) 30901 32544 21793 29326
Currency Market Update
FBIL MIBOR* 6.27% 6.30% 6.44% 6.00%
3 Month CP Rate 7.26% 7.80% 7.45% 7.83%
5 Year Corp Bond 8.36% 8.45% 8.49% 8.26%
1 Month CD Rate 7.12% 6.96% 6.43% 7.09%
3 Month CD Rate 7.26% 7.30% 7.01% 7.13%
1 Year CD Rate 7.70% 7.69% 7.92% 7.44%
Commodity Market Update
Currency 11-Mar Prev_Day
Change
USD/INR 69.93 70.10 -0.17
GBP/INR 90.79 91.80 -1.00
EURO/INR 78.57 78.55 0.02
International News
JPY/INR 0.63 0.63 0.00
Commodity 11-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 56.74 55.71 52.38 62.01
Brent Crude($/bl) 64.50 63.15 61.57 65.28
Gold( $/oz) 1294 1293 1308 1324
Gold(Rs./10 gm) 32110 32819 32913 30369
Source: Thomson Reuters Eikon *As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
12 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 11,202.15, a premium of 34.10 points,
over the spot closing of 11,168.05. The turnover on NSE’s Futures and
Options segment decreased to Rs. 6,79,945.54 crore on Mar 11, 2019,
compared with Rs. 5,39,930.66 crore on Mar 8, 2019.
• The Put-Call ratio stood at 0.84, compared with the previous session’s
close of 0.87.
• The Nifty Put-Call ratio stood at 1.73 compared with the previous
session’s close of 1.60.
• Open interest on Nifty Futures stood at 17.05 million as against the
previous session’s close at 15.60 million.
• Bond yields eased on optimism that inflation will stay low. This also
raised speculations of another round of rate cut in the upcoming
Monetary Policy Committee meeting scheduled for Apr 2019.
• Yield on the existing 10-year benchmark paper (7.17% GS 2028)
declined 2 bps to close at 7.51% as compared with the previous session’s
close of 7.53% after trading in the range of 7.50% to 7.54%.
• Yield on the upcoming new 10-year benchmark paper (7.26% GS 2029)
declined 2 bps to close at 7.35% compared with the previous session’s
close of 7.37% after trading in the range of 7.33% to 7.37%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 2,811 crore (gross) on Mar 11, 2019, compared
with Rs. 4,259 crore (gross) as on Mar 8, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 36,556
crore on Mar 8, 2019.
• The Indian rupee appreciated against the greenback, supported by
feeble U.S. jobs data, foreign fund inflows and an upbeat domestic equity
market. The rupee closed at 69.88 a dollar, up 0.38% compared with the
previous close of 70.15.
• The euro rose marginally against the greenback as downbeat U.S jobs
data for Feb 2019 kept the latter under pressure. The euro was last seen
trading at 1.1241 a dollar, up 0.03% compared with the previous close of
1.1238.
• Gold prices ahead of the release of reports on U.S. retail sales,
consumer and producer prices, new home sales and so on.
• Brent crude prices edged higher after Saudi Arabia Oil Minister said that
supply in Apr 2019 would be significantly lower than the requirement.
• According to a report from the Commerce Department, housing starts
rebounded by much more than anticipated in the month of Jan 2019.
Housing starts soared by 18.6% to an annual rate of 1.230 million in Jan
2019 after plunging by 14.0% to a revised rate of 1.037 million in Dec
2018.
• Official customs data showed that China's exports dropped the most in
three years in Feb 2019, defying expectations, mainly due to the tariffs-
driven sharp fall in trade with the U.S. and also because of a shift in the
timing of the Chinese New Year. Exports tumbled 20.7% YoY, which was
the biggest fall since Feb 2016, compared with 9.1% growth in Jan 2019.
Markets for You
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