15 Mar 2019
Markets for You
Global Indices
Global Indices 14-Mar Prev_Day Abs. Change
% Change
Dow Jones 25,710 25,703 7 0.03
Nasdaq 7,631 7,643 -12 -0.16
FTSE 7,185 7,159 26 0.37
Nikkei 21,287 21,290 -3 -0.02
Hang Seng 28,851 28,807 44 0.15
Indian Indices 14-Mar Prev_Day Abs. Change
% Change
S&P BSE Sensex 37,755 37,752 3 0.01
Nifty 50 11,343 11,342 2 0.01
Nifty 100 11,523 11,527 -4 -0.04
Nifty Bank 28,923 28,884 39 0.13
SGX Nifty 11,390 11,400 -10 -0.08
S&P BSE Power 1,944 1,949 -5 -0.27
S&P BSE Small Cap 14,888 14,875 13 0.09
S&P BSE HC 14,214 14,099 115 0.81
Date P/E Div. Yield P/E Div. Yield
14-Mar 27.79 1.14 27.81 1.19
Month Ago 22.80 1.19 26.58 1.26
Year Ago 23.40 1.16 25.41 1.25
Nifty 50 Top 3 Gainers
Company 14-Mar Prev_Day
% Change
NTPC 154 148 3.68
IndusInd Bank 1683 1636 2.83
Yes Bank 250 244 2.27
Nifty 50 Top 3 Losers Domestic News
Company 14-Mar Prev_Day
% Change
Power Grid 188 195 -3.67
HCL Tech 1007 1028 -2.10
Hero Moto 2752 2804 -1.85
Advance Decline Ratio
Advances 1201 775
Declines 1510 1056
Unchanged 150 86
Institutional Flows (Equity)
Description (Cr)
FII Flows* 28928
MF Flows** 8492
Mar 2019; **7
Mar 2019
Economic Indicator
YoY(%) Current Year Ago
15 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
Quarter Ago
Indian equity markets were flattish after three consecutive sessions of
gains. Investors became cautious as oil prices increased and wholesale
inflation data came in higher for Feb 2019. Markets are hoping for
another rate-cut by the Reserve Bank of India considering inflation looks
in control. But a rise in retail and wholesale inflation’s latest numbers has
put a question mark on such expectations.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.01% each
to close at 37,754.89 and 11,343.25, respectively. S&P BSE Mid-Cap lost
0.26% and S&P BSE Small Cap gained 0.09%.
The overall market breadth on BSE was weak with 1201 scrips
advancing and 1510 scrips declining. A total of 150 scrips remained
On the BSE sectoral front, S&P BSE Realty was the major gainer, up
2.09%, followed by S&P BSE Healthcare and S&P BSE Metal, up 0.81%
and 0.62%, respectively. S&P BSE Telecom and S&P BSE Oil & Gas gained
0.51% and 0.32%, respectively. S&P BSE Information Technology was the
major loser, down 0.42%, followed by S&P BSE Auto and S&P BSE Basic
Materials, down 0.41% and 0.33%, respectively. S&P BSE Teck and S&P
BSE Industrials lost 0.29% each.
Government data showed that the Wholesale Price Index (WPI) based
inflation rose to 2.93% in Feb 2019 from 2.76% in the previous month
and 2.74% during the same period of the previous year. The WPI Food
Index also increased from 1.84% in Jan 2019 to 3.29% in Feb 2019. WPI
for food articles increased from 2.34% in Jan 2019 to 4.28% in Feb 2019
and this can be attributed to increase in cost of vegetables for which WPI
rose 6.82% over the month compared to a contraction of 4.21% in the
previous month.
A former Reserve Bank of India (RBI) governor has said softer inflation
in the country has put the central bank in a position to support economic
growth. He said there is some uncertainty about the rate of growth that
needs to be strengthened. The present RBI governor had surprised
economists by easing monetary policy in Feb 2019.
The minister for law & justice and electronics & information technology
said India could be a $3 trillion (digital) economy in the next four to five
years. The government plans to make India the biggest manufacturing
hub in electronics with 1 crore employment in the electronics sector and
35-40 lakh in the software sector, he said. India is now second only to
China in mobile phone manufacturing, he said.
Tata Motors-owned Jaguar Land Rover (JLR) has initiated a voluntary
recall of around 44,000 cars in the U.K. over higher than certified levels
of carbon dioxide (CO2) emissions. JLR said it will contact the owners of
the affected vehicles to arrange for free-of-charge repairs.
Tata Consultancy Services (TCS) has announced that it is developing
solutions to drive Blockchain adoption across industries, using
technologies from Microsoft and enterprise blockchain software firm R3.
Standard Chartered announced that it will be launching an open
platform for Small and Medium Enterprises (SMEs) in India enabling
them to access a range of financial and business solutions. The
technology platform will be one of the first to provide holistic solutions
to SMEs in India. SME contributes around 30% of GDP and 45% of
country’s exports.
Asian equity markets ended mixed after British lawmakers put down a
possible no-deal Brexit. This has forced the U.K. Prime Minister to give
members of parliament another chance to vote on delaying Brexit. Today
(as of Mar 15), Asian markets opened almost on a positive note. Investors
focused on new developments on the U.S. and China trade deal and the
vote from lawmakers that could potentially delay the U.K.'s exit from the
European Union. Nikkei and Hangseng grew 0.83% and 0.01%,
respectively (as at 8.a.m. IST).
As per the last close, European markets closed higher as investors
focused on the latest Brexit developments wherein U.K. lawmakers
rejected the idea of leaving the European Union without a Brexit deal on
Mar 13, 2019.Investors also remained focused on slew of earnings
As per the last close, U.S markets closed on a mixed note amid recent
volatility and lack of direction. Brexit uncertainty and renewed concerns
about a potential trade deal between the U.S. and China weighed on the
indices. Reports of decline in U.S. home sales in Jan 2019 also dampened
market sentiment.
Markets for You
FII Derivative Trade Statistics
(Rs Cr) Buy
Sell Open Int.
Index Futures 5321.23 3499.06 22744.82
Index Options 228848.22 229340.30 74158.19
Stock Futures 12439.31 13347.41 89055.07
Stock Options 8139.66 8040.84 7657.87
Total 254748.42 254227.61 193615.95
14-Mar Prev_Day
Put Call Ratio (OI) 1.68 1.81 -0.13
Indian Debt Market
Put Call Ratio(Vol) 1.01 0.95 0.06
14-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 6.15% 6.14% 6.28% 5.83%
T-Repo 6.15% 6.20% 6.21% 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% 6.39% 6.35% 6.15%
364 Day T-Bill 6.40% 6.48% 6.49% 6.52%
10 Year Gilt 7.36% 7.39% 7.33% 7.68%
G-Sec Vol. (Rs.Cr) 38544 18551 33308 20102
Currency Market Update
FBIL MIBOR* 6.25% 6.24% 6.35% 6.00%
3 Month CP Rate 7.50% 7.70% 7.15% 7.74%
5 Year Corp Bond 8.34% 8.41% 8.36% 8.22%
1 Month CD Rate 7.17% 6.81% 6.41% 7.10%
3 Month CD Rate 7.29% 7.30% 7.07% 7.04%
1 Year CD Rate 7.49% 7.98% 7.60% 7.41%
Commodity Market Update
Currency 14-Mar Prev_Day
USD/INR 69.67 69.62 0.04
GBP/INR 92.29 91.15 1.13
EURO/INR 78.84 78.57 0.27
International News
JPY/INR 0.62 0.63 0.00
Commodity 14-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 58.54 56.55 54.35 60.88
Brent Crude($/bl) 65.62 64.26 64.39 63.60
Gold( $/oz) 1296 1285 1312 1325
Gold(Rs./10 gm) 31960 31982 32845 30375
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
15 March 2019
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Mar 2019 Futures were at 11,381.75, a premium of 38.50 points,
over the spot closing of 11,343.25. The turnover on NSE’s Futures and
Options segment increased to Rs. 19,97,209.25 crore on Mar 14, 2019,
compared with Rs. 13,14,637.59 crore on Mar 13, 2019.
The Put-Call ratio stood at 0.83, compared with the previous session’s
close of 0.79.
The Nifty Put-Call ratio stood at 1.68 compared with the previous
session’s close of 1.81.
Open interest on Nifty Futures stood at 20.76 million as against the
previous session’s close at 20.39 million.
Bond yields fell after RBI said that it would inject liquidity for higher
duration using foreign exchange swaps in the current month.
Yield on the existing 10-year benchmark paper (7.17% GS 2028) fell 1
bps to 7.54% as compared with the previous session’s close of 7.55%
after trading in the range of 7.53% to 7.59%.
Yield on the upcoming new 10-year benchmark paper (7.26% GS 2029)
declined 2 bps to close at 7.36% compared with the previous session’s
close of 7.38% after trading in the range of 7.35% to 7.41%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,053 crore (gross) on Mar 14, 2019, compared
with Rs. 7,921 crore (gross) as on Mar 13, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 12,726
crore on Mar 13, 2019.
The Indian rupee appreciated against the greenback on the back of
foreign fund inflows in the domestic equity market. The rupee closed at
69.35 a dollar, up 0.27% compared with the previous close of 69.54.
The euro declined on strong dollar following the Brexit vote that failed
to provide clarity on how Britain is moving forward with the schedule
departure from the European Union. The euro was last seen trading at
1.1306 a dollar, down 0.17% compared with the previous close of
Gold prices moved down against the greenback after Brexit related
uncertainties eased when British lawmakers denied a no-deal Brexit.
Brent crude prices jumped after the Energy Information Administration
data revealed decline of 3.9 million barrels in the U.S. crude stockpiles in
the last week.
According to a report from the Labor Department, first-time claims for
U.S. unemployment benefits increased by more than expected in the
week ended Mar 9, 2019. The report said initial jobless claims rose to
229,000, an increase of 6,000 from the previous week's unrevised level
of 223,000. Meanwhile, the Labor Department said the less volatile four-
week moving average fell to 223,750, a decrease of 2,500 from the
previous week's average of 226,250.
According to the Commerce Department, U.S. construction spending
jumped much more than expected in Jan 2019. The report said
construction spending increased 1.3% to an annual rate of $1.280 trillion
in Jan after falling 0.8% to a revised rate of $1.263 billion in Dec 2018.
Markets for You
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