19 Mar 2019
Markets for You
Global Indices
Global Indices 18-Mar Prev_Day Abs. Change
% Change
#
Dow Jones 25,914 25,849 65 0.25
Nasdaq 7,714 7,689 26 0.34
FTSE 7,299 7,228 71 0.98
Nikkei 21,585 21,451 134 0.62
Hang Seng 29,409 29,012 397 1.37
Indian Indices 18-Mar Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,095 38,024 71 0.19
Nifty 50 11,462 11,427 35 0.31
Nifty 100 11,630 11,595 35 0.30
Nifty Bank 29,596 29,381 215 0.73
SGX Nifty 11,505 11,464 41 0.36
S&P BSE Power 1,994 1,982 12 0.63
S&P BSE Small Cap 14,818 14,837 -19 -0.13
S&P BSE HC 14,216 14,238 -22 -0.15
Date P/E Div. Yield P/E Div. Yield
18-Mar 27.97 1.14 28.10 1.18
Month Ago 22.68 1.21 26.32 1.27
Year Ago 22.93 1.18 24.87 1.28
Nifty 50 Top 3 Gainers
Company 18-Mar Prev_Day
% Change
#
HPCL 287 277 3.56
Indian Oil 163 157 3.46
Bajaj Finance 2930 2861 2.41
Nifty 50 Top 3 Losers Domestic News
Company 18-Mar Prev_Day
% Change
#
Lupin 754 785 -3.94
Maruti 6909 7084 -2.47
Hero Moto 2670 2736 -2.43
Advance Decline Ratio
BSE NSE
Advances 1138 777
Declines 1551 1073
Unchanged 192 104
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 34339
MF Flows** 3744
*18
th
Mar 2019; **15
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)
19 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
-1389
3462
3.38%
(Oct-18)
• Indian equity markets ended on a positive note for the sixth consecutive
session. The markets were volatile amid rising oil prices and ahead of U.S.
Fed's meeting during the week. A stronger rupee and upbeat global cues
supported the markets. Global markets got a fillip from reports suggesting
U.S. and China have made concrete progress in their trade talks and
expectations that the Fed may become dovish in its stance at the meeting
scheduled during the week.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.19% and
0.31% to close at 38,095.07 and 11,462.20, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap lost 0.20% and 0.13%, respectively.
• The overall market breadth on BSE was weak with 1138 scrips advancing
and 1551 scrips declining. A total of 192 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Realty was the major gainer, up
2.46%, followed by S&P BSE Energy and S&P BSE Oil & Gas, up 1.7% and
1.55%, respectively. S&P BSE Bankex and S&P BSE Metal gained 0.88% and
0.79%, respectively. S&P BSE Auto was the major loser, down 1.36%.
• The Union government has extended the soft loan window for sugar
sector approximately by another one month. The move is likely to ease
some pressure on debt laden mills. The banks could consider the soft loan
application of sugar mills that would have cleared at least 25% of
sugarcane payables as on Feb 28, by Mar 26, 2019, according to a
notification by the union department of food and public distribution.
• According to the media reports, goods and service tax council is
expected to take up various issues including the implementation of lower
GST rates for the real estate sector in the meeting to be held on Mar 19,
2019. As per the reports, the meeting will likely discuss only the transition
provision and related issues for the implementation of lower GST rates for
the real estate sector. No issues related to rate is in the agenda.
• According to the media reports, top Indian officials are in discussions
with MSCI to strengthen the country’s case for higher weightage on key
gauges. MSCI is a provider of globally tracked investment indices. Officials
led by the principal economic advisor to the Prime Minister have been
holding discussions since Feb 2019 on the ideal MSCI weights that
represent India’s economic performance and prospects.
• According to the media reports, Employees Provident Fund Organisation
(EPFO) has stated that the pensioners should soon be able to get a clear
statement of how their monthly pension is calculated and the order
sanctioning the pension. In a circular dated March 14, 2019, EPFO has
directed its regional offices to provide the calculations on the pension
sanctioned to the pensioner. Earlier, there was no system in place to
automatically provide pensioners with such a statement. This would bring
transparency and would allow the pensioners to detect errors in
calculation, if any.
• Asian equity markets gained after investors’ hopes that the U.S. Federal
Reserve (Fed) may take a dovish stance in its meeting during the week went
up. This happened after U.S. economic data came in weak. Sentiment got a
boost after media reports stated that U.S. and China have made further
"concrete progress" in trade talks. Today (as of Mar 19), Asian markets
opened on a mixed note as investors remained focused towards meeting by
the U.S. Federal Reserve (Fed) set to start later in the day. Nikkei fell 0.06%
while Hangseng grew 0.19% (as at 8.a.m. IST).
• As per the last close, U.S markets managed to close on a positive note
amid continued optimism about a U.S. and China trade deal. Reports of
merger of two major German lenders boosted market sentiment. Further,
investors remained cautious ahead of Fed’s monetary policy
announcement later in the week ended Mar 22, 2019.
• As per the last close, European markets closed higher following reports of
merger of two major German lenders. Also, optimism over U.S. and China
trade deal added to the gains. However, investors remained cautious ahead
of U.S. Fed's policy meeting later in the week.
Markets for You
FII Derivative Trade Statistics 18-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 6345.34 3983.72 26460.09
Index Options 147198.98 148732.73 77502.57
Stock Futures 14207.92 16682.99 91236.08
Stock Options 8956.96 9002.26 8455.76
Total 176709.20 178401.70 203654.50
18-Mar Prev_Day
Change
Put Call Ratio (OI) 1.67 1.77 -0.11
Indian Debt Market
Put Call Ratio(Vol) 0.96 0.94 0.02
18-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 6.20% 6.16% 6.31% 5.97%
T-Repo 6.14% 6.17% 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% 6.35% 6.35% 6.12%
364 Day T-Bill 6.40% 6.48% 6.50% 6.44%
10 Year Gilt 7.32% 7.35% 7.37% 7.56%
G-Sec Vol. (Rs.Cr) 47132 30901 19291 40873
Currency Market Update
FBIL MIBOR* 6.26% 6.27% 6.28% 6.00%
3 Month CP Rate 7.45% 7.60% 7.65% 7.31%
5 Year Corp Bond 8.33% 8.36% 8.49% 8.14%
1 Month CD Rate 7.27% 7.12% 6.55% 6.80%
3 Month CD Rate 7.31% 7.26% 7.39% 6.69%
1 Year CD Rate 7.45% 7.70% 7.70% 7.26%
Commodity Market Update
Currency 18-Mar Prev_Day
Change
USD/INR 68.61 69.21 -0.60
GBP/INR 91.12 91.64 -0.53
EURO/INR 77.78 78.34 -0.55
International News
JPY/INR 0.62 0.62 0.00
Commodity 18-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 59.04 56.74 55.53 62.28
Brent Crude($/bl) 66.64 64.50 66.85 64.32
Gold( $/oz) 1303 1294 1326 1313
Gold(Rs./10 gm) 31725 32110 33371 30299
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
19 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 11,494.50, a premium of 32.30 points,
over the spot closing of 11,462.20. The turnover on NSE’s Futures and
Options segment increased to Rs. 10,46,898.95 crore on Mar 18, 2019,
compared with Rs. 8,82,993.97 crore on Mar 15, 2019.
• The Put-Call ratio stood at 0.92, compared with the previous session’s
close of 0.79.
• The Nifty Put-Call ratio stood at 1.67 compared with the previous
session’s close of 1.68.
• India VIX increased 7.26% to 17.0175 compared with 15.8650 at the
previous trading session.
• Open interest on Nifty Futures stood at 24.25 million as against the
previous session’s close at 23.93 million.
• Bond yields declined tracking gains in the domestic currency. Strong
trade data figures improved the possibility of inflow in the local equity
and bond markets. Besides, fall in U.S. Treasury yield aided the bond
market sentiments.
• Yield on the existing 10-year benchmark paper (7.17% GS 2028) fell 2
bps to 7.48% as compared with the previous session’s close of 7.50%
after trading in the range of 7.45% to 7.49%.
• Yield on the upcoming new 10-year benchmark paper (7.26% GS 2029)
fell 2 bps to close at 7.32% compared with the previous session’s close of
7.34% after trading in the range of 7.29% to 7.32%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,661 crore (gross) on Mar 18, 2019, compared
with Rs. 3,940 crore (gross) as on Mar 15, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 41,165
crore on Mar 15, 2019.
• The Indian rupee appreciated as trade deficit declined to $9.6 billion in
Feb, which is the lowest since Sep 2017. Besides, foreign fund inflows in
the domestic equity and bond market improved investor sentiments.
• The euro rose on dollar weakness on expectations that the U.S. Fed may
resort to accommodative monetary policy. In fact, speculations on a rate
cut have increased following weaker than expected U.S. manufacturing
data, which aided investors’ sentiments for riskier assets.
• Gold prices edged higher on weak dollar following feeble U.S. factory
production figures. However, progress in U.S.-China trade agreement
limited the bullion’s upside.
• Brent Crude prices gained amid supply cuts by OPEC and its allies along
with U.S. sanction against oil exports on Iran and Venezuela.
• Final data from Ministry of Economy, Trade and Industry showed
Japan's industrial production in Jan 2019 declined less than estimated
earlier. Industrial production fell a seasonally adjusted 3.4% MoM in Jan,
following a 3.7% decline estimated earlier. Shipment and inventory
decreased 3.4% and 1.4%, respectively, in Jan. On YoY basis, industrial
production increased 0.3% in Jan, while earlier it was reported as
unchanged. Data also showed that capacity utilization held stable MoM in
Jan, but fell 0.2% from a year ago.
Markets for You
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