13 Mar 2019
Markets for You
Global Indices
Global Indices 12-Mar Prev_Day Abs. Change
% Change
#
Dow Jones 25,555 25,651 -96 -0.38
Nasdaq 7,591 7,558 33 0.44
FTSE 7,151 7,131 21 0.29
Nikkei 21,504 21,125 379 1.79
Hang Seng 28,921 28,503 418 1.46
Indian Indices 12-Mar Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,536 37,054 482 1.30
Nifty 50 11,301 11,168 133 1.19
Nifty 100 11,500 11,376 124 1.09
Nifty Bank 28,444 27,967 477 1.71
SGX Nifty 11,333 11,211 123 1.09
S&P BSE Power 1,965 1,956 9 0.44
S&P BSE Small Cap 14,921 14,763 158 1.07
S&P BSE HC 14,333 14,187 146 1.03
Date P/E Div. Yield P/E Div. Yield
12-Mar 27.76 1.14 27.70 1.19
Month Ago 23.39 1.16 26.84 1.25
Year Ago 23.42 1.16 25.44 1.25
Nifty 50 Top 3 Gainers
Company 12-Mar Prev_Day
% Change
#
Bharti Airtel 352 334 5.39
IndusInd Bank 1569 1515 3.60
ICICI Bank 388 376 3.29
Nifty 50 Top 3 Losers Domestic News
Company 12-Mar Prev_Day
% Change
#
Eicher Motors 22462 22972 -2.22
Bajaj Finance 2753 2791 -1.36
Bharti Infratel 316 320 -1.05
Advance Decline Ratio
BSE NSE
Advances 1653 1193
Declines 1071 645
Unchanged 138 95
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 23158
MF Flows** 8492
*12
th
Mar 2019; **7
th
Mar 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.57%
(Feb-19)
4.44%
(Feb-18)
IIP
1.70%
(Jan-19)
7.50%
(Jan-18)
GDP
6.60%
(Dec-18)
7.70%
(Dec-17)
13 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
8.40%
(Oct-18)
7.10%
(Sep-18)
Quarter Ago
Inflow/Outflow
-483
3453
2.33%
(Nov-18)
• India’s retail inflation increased to 2.57% in Feb 2019 as against
downwardly revised 1.97% (2.05% originally reported) in Jan 2019 and
4.44% in the same month of the previous year. The drop came as food
prices continued to decline with the consumer food price index
contracting 0.66% in Feb 2019 compared with a revised contraction of
2.24% (2.17% contraction originally reported) in Jan 2019 but an
expansion of 3.26% in the same month of the previous year.
• The Index of Industrial Production (IIP) declined to 1.7% in Jan 2019
against 2.4% in Dec 2018. For the period from Apr to Jan of 2019, IIP grew
4.4% as against an increase of 4.1% in the same period of the previous
year. On the sectoral front, the mining sector increased 3.9% in Jan 2019
compared with growth of 0.3% in the same month of the previous year.
• The government has notified phased hike in basic customs duty on parts
of electric passenger vehicles. These vehicles are to be assembled in India
to 15% from Apr 2020 and 10% on imported lithium-ion cells by Apr 2021.
This is being done to promote domestic manufacturing of electric vehicles.
The notification is part of the road map under the phased manufacturing
programme and also entails doubling the basic customs duty on
completely built units of electric buses and trucks to 50% from Apr 2020.
• According to media reports, Indian banks haven’t fully passed on the
Reserve Bank of India’s latest interest rate cut to borrowers. Bankers say
RBI’s 25 basis-point reduction in the repurchase rate to 6.25% in Feb 2019
is too little to have any impact on lending rates just yet. RBI latest data
shows the main overnight lending rate offered by commercial banks has
been in a range of 8.15% to 8.55% since the beginning 2019. Most banks
have trimmed lending rates by a ‘token’ 10 basis points.
Markets for You
• Asian equity markets gained after concerns over the health of the U.S.
economy eased on U.S. retail sales stabilizing in Jan 2019. Also, British
Prime Minister won legally binding assurances from the European Union
for a modified Brexit deal. A vote in the British parliament is scheduled
next. Today (as of Mar 13), Asian markets opened lower on renewed
Brexit uncertainties after U.K. lawmakers again disallowed the terms of
deal for Britain to withdraw from European Union. Nikkei and Hangseng
fell 0.71% and 0.25%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed on a mixed note amid a
mixed bag of earnings results. Investors traded cautiously ahead of a
crucial vote in the U.K. Parliament on the country's Brexit withdrawal
agreement.
• As per the last close, U.S markets closed on a mixed note. Decline in
stocks of one of the aerospace majors weighed on the indices. However,
expectations that Fed will continue to desist from raising interest rates in
the near term following modest increase in consumer prices in Feb capped
the losses.
• Indian equity markets gained as global cues came in positive and
investors stayed optimistic over polls suggesting the ruling party’s high
chances of coming back to power. A strong rupee and sustained foreign
fund inflows also lent support. U.S. retail sales data came stronger than
expected and the U.K. Prime Minister got "legally binding" guarantees
from the European Union for the modified Brexit deal.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.30% and
1.19% to close at 37,535.66 and 11,301.20, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap gained 0.65% and 1.07%, respectively.
• The overall market breadth on BSE was strong with 1653 scrips
advancing and 1071 scrips declining. A total of 138 scrips remained
unchanged.
• On the BSE sectoral front, all the sectors except one gained. S&P BSE
Realty was the major gainer, up 2.6%, followed by S&P BSE Telecom and
S&P BSE Capital Goods, up 2.44% and 2.23%, respectively. S&P BSE Bankex
and S&P BSE Industrials gained 1.7% and 1.65%, respectively.
FII Derivative Trade Statistics 12-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 2405.80 2418.53 18032.55
Index Options 104752.37 104271.94 59613.46
Stock Futures 11263.54 10512.84 87834.46
Stock Options 6038.46 6027.41 6842.27
Total 124460.17 123230.72 172322.74
12-Mar Prev_Day
Change
Put Call Ratio (OI) 1.81 1.73 0.08
Indian Debt Market
Put Call Ratio(Vol) 0.96 0.97 -0.01
12-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 6.14% 6.15% 6.27% 5.86%
T-Repo 6.13% 6.10% 6.28% NA
Repo 6.25% 6.25% 6.25% 6.00%
Reverse Repo 6.00% 6.00% 6.00% 5.75%
91 Day T-Bill 6.32% 6.30% 6.38% 6.24%
364 Day T-Bill 6.44% 6.40% 6.60% 6.57%
10 Year Gilt 7.36% 7.38% 7.36% 7.63%
G-Sec Vol. (Rs.Cr) 31361 23359 20378 29752
Currency Market Update
FBIL MIBOR* 6.28% 6.30% 6.45% 6.00%
3 Month CP Rate 7.60% 7.80% 7.45% 7.79%
5 Year Corp Bond 8.39% 8.45% 8.46% 8.24%
1 Month CD Rate 7.12% 6.51% 6.41% 7.08%
3 Month CD Rate 7.29% 7.36% 7.19% 7.04%
1 Year CD Rate 7.79% 7.68% 7.94% 7.41%
Commodity Market Update
Currency 12-Mar Prev_Day
Change
USD/INR 69.60 69.93 -0.34
GBP/INR 91.87 90.79 1.08
EURO/INR 78.34 78.57 -0.23
International News
JPY/INR 0.63 0.63 0.00
Commodity 12-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 56.84 56.50 53.09 61.34
Brent Crude($/bl) 64.77 63.68 62.97 64.52
Gold( $/oz) 1302 1287 1311 1323
Gold(Rs./10 gm) 32033 32138 32891 30271
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
13 March 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields remained steady ahead of the retail inflation data for Feb
2019. Market participants are optimistic 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)
remained unchanged at 7.51% as compared with the previous session’s
close after trading in the range of 7.49% to 7.54%.
• Yield on the upcoming new 10-year benchmark paper (7.26% GS 2029)
rose 1 bps to close at 7.36% compared with the previous session’s close
of 7.35% after trading in the range of 7.34% to 7.37%.
• Banks borrowed Rs. 300 crore under the central bank’s Marginal
Standing Facility on Mar 11, 2019 compared with borrowings of Rs. 150
crore on Mar 8, 2019.
• According to a report from the Labor Department, U.S.’ consumer price
index (CPI) rose 0.2% in Feb 2019 after coming in unchanged for three
consecutive months. The increase in consumer prices matched economist
estimates.
• According to preliminary data from the Office for National Statistics, the
U.K. economy expanded at a faster than expected pace in Jan 2019. Gross
domestic product grew 0.5% MoM in Jan after a 0.40% decline in Dec
2018. On a quarterly basis, GDP rose 0.20% in Jan, in line with
expectations.
Markets for You
• Nifty Mar 2019 Futures were at 11,336.85, a premium of 35.65 points,
over the spot closing of 11,301.20. The turnover on NSE’s Futures and
Options segment decreased to Rs. 10,17,692.97 crore on Mar 12, 2019,
compared with Rs. 6,79,945.54 crore on Mar 11, 2019.
• The Put-Call ratio stood at 0.81, compared with previous close of 0.84.
• The Nifty Put-Call ratio stood at 1.81 compared with previous close of
1.73.
• India VIX increased 1.10% to 15.0600 compared with 14.8950 at the
previous trading session.
• Open interest on Nifty Futures stood at 18.77 million as against previous
close at 17.05 million.
• The Indian rupee appreciated against the greenback as investor
sentiments improved following Brexit negotiations between the European
Union and Britain. The rupee closed at 69.70 a dollar, up 0.25% compared
with the previous close of 69.88.
• The euro rose following Brexit discussions between the European Union
and Britain. This improved investor sentiments for riskier assets. The euro
was last seen trading at 1.1251 a dollar, up 0.04% compared with the
previous close of 1.1247.
• Gold prices strengthened against the greenback following Brexit
negotiations between the European Union and U.K. Prime Minister.
• Brent crude prices edged higher on hopes of continued output cuts
planned by OPEC and allies to tighten the oil market. Besides, upbeat global
equities also supported the commodity’s prices.
Thank you for
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