25Mar2019
MarketsforYou
GlobalIndices
GlobalIndices 22‐Mar Prev_Day Abs.Change
%Change
#
DowJones 25,502 25,963 ‐460 ‐1.77
Nasdaq 7,643 7,839 ‐196 ‐2.50
FTSE 7,208 7,355 ‐148 ‐2.01
Nikkei 21,627 21,609 18 0.09
HangSeng 29,113 29,072 42 0.14
IndianIndices 22‐Mar Prev_Day Abs.Change
%Change
#
S&PBSESensex 38,165 38,387 ‐222 ‐0.58
Nifty50 11,457 11,521 ‐64 ‐0.56
Nifty100 11,614 11,681 ‐68 ‐0.58
NiftyBank 29,583 29,832 ‐250 ‐0.84
SGXNifty 11,468 11,561 ‐93 ‐0.80
S&PBSEPower 2,001 1,984 17 0.85
S&PBSESmallCap 14,759 14,824 ‐66 ‐0.44
S&PBSEHC 14,182 14,280 ‐98 ‐0.69
Date P/E Div.Yield P/E Div.Yield
22‐Mar 27.68 1.15 28.08 1.18
MonthAgo 22.92 1.20 26.32 1.25
YearAgo 22.76 1.19 24.67 1.29
Nifty50Top3Gainers
Company 22‐Mar Prev_Day
%Change
#
NTPC 135 129 4.18
L&TLtd. 1395 1371 1.74
AsianPaints 1471 1456 1.04
Nifty50Top3Losers DomesticNews
Company 22‐Mar Prev_Day
%Change
#
BhartiInfratel 316 325 ‐2.75
TataMotors 175 180 ‐2.66
BPCL 379 389 ‐2.62
AdvanceDeclineRatio
BSE NSE
Advances 1001 644
Declines 1723 1192
Unchanged 135 102
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 40382
MFFlows** 2421
*22
nd
Mar2019;**19
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)
25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
‐713
1351
3.38%
(Oct‐18)
• Indian equity markets ended lower as growth worries made investors
book profit after the recent rally. The reason for investor concern was a
major global rating agency cut India's GDP growth forecast for FY20 to
6.8% from its previous estimate of 7%. The agency said the country is
seeing weaker than expected momentum in the economy.
• Key benchmark indices S&P BSE Sensex lost 0.58% and Nifty 50 lost
0.56% to close at 38,164.61 and 11,456.90, respectively. S&P BSE Mid‐Cap
and S&P BSE Small Cap lost 0.59% and 0.44%, respectively.
• The overall market breadth on BSE was weak with 1001 scrips advancing
and 1723 scrips declining. A total of 135 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Power was the major gainer, up
0.85%, followed by S&P BSE Realty and S&P BSE Capital Goods, up 0.7%
and 0.6%, respectively. S&P BSE Utilities and S&P BSE Basic Materials
gained 0.5% and 0.08%, respectively. The biggest loser was S&P BSE
Energy down 2.01%, followed by S&P BSE Telecom and S&P BSE Auto,
down 1.42% and 1.26%, respectively. S&P BSE Oil and Gas and S&P BSE
Bankex were down 1.25% and 0.75%, respectively.
• The government has crossed its disinvestment target for FY19 by Rs.
5,000 crore and the proceeds have touched Rs. 85,000 crore. The
government has mopped up Rs. 9,500 crore from the fifth tranche of CPSE
ETF and Rs. 14,500 crore from the REC‐PFC deal. The disinvestment target
has been fixed at Rs. 90,000 crore for the next fiscal.
• The International Monetary Fund (IMF) said India has been one of the
fastest growing large economies in the world. The bank asserted that the
country has carried out several key reforms in the last five years. It also
added that more needs to be done. Indian economy details will be
revealed in the scheduled World Economic Outlook (WEO) survey report,
which will be released by IMF before the annual spring meeting with the
World Bank in April. This report will be the first under IMF’s new chief
economist, who is an Indian American.
• According to Employees' Provident Fund Organisation (EPFO) data, net
employment generation in the formal sector touched a 17‐month high of
8.96 lakh in Jan 2019. The EPFO has been releasing payroll data from Apr
2018, covering the period starting from Sep 2017. The addition in Jan was
131% higher compared with 3.87 lakh EPFO subscribers added in the year‐
ago month. In Sep 2017, a net of 2,75,609 jobs were created. Around
76.48 lakh new subscribers were added to social security schemes of EPFO
from Sep 2017 to Jan 2019, the data showed. This indicates that these
many jobs were created in the formal sector over the past 17 months.
• The food ministry has asked states to make sure that sugar mills are not
selling sugar at below the minimum selling price (MSP). MSP has been
increased recently to Rs. 31 a kilogram from Rs. 29 earlier. In a
communication to all the principal secretaries of sugar‐producing states,
the ministry said mills must follow the Sugar Price (Control) Order, 2018,
which directs them to sell sugar at the MSP. The department had found
that some mills are selling sugar either at below MSP or at MSP inclusive
of GST to liquidate their stock.
• Asian equity markets were subdued as the initial enthusiasm over the
U.S. Federal Reserve’s dovish stance faded. Investors looked ahead to a
new round of high‐level U.S.‐China trade negotiations, which will start in
Beijing next week. Also, European Union leaders agreed on a plan to delay
the Article 50 process. Today (as of Mar 25), Asian markets opened steeply
lower following decline on global growth concerns. Both Nikkei and Hang
Seng were trading lower 3.06% and 1.93%, respectively (as at 8 a.m. IST).
• As per the last close, European markets fell sharply on increasing worries
about global economic growth. Latest data showed contraction in euro
zone service sector activity. While France's service sector growth slowed
to its lowest level in 2 months, Germany's private sector growth fell to the
slowest pace in six years.
• As per the last close, U.S markets declined partially due to profit taking
after Thursday’s strong rise. Lingering uncertainty about trade discussions
between the U.S. and China further weighed on the markets ahead of
another round of high‐level negotiations in the new week.
MarketsforYou
FIIDerivativeTradeStatistics 22‐Mar
(RsCr) Buy Sell OpenInt.
IndexFutures 3744.12 3693.05 27032.56
IndexOptions 271574.09 268769.90 79560.91
StockFutures 14931.01 16079.34 93470.24
StockOptions 8399.14 8376.47 9768.82
Total 298648.36 296918.76 209832.53
22‐Mar Prev_Day Change
PutCallRatio(OI) 1.60 1.71 ‐0.11
IndianDebtMarket
PutCallRatio(Vol) 1.10 1.05 0.06
22‐Mar Wk.Ago Mth.Ago YearAgo
CallRate 6.19% 6.23% 6.34% 5.93%
T‐Repo 6.14% 6.22% 6.32% NA
Repo 6.25% 6.25% 6.25% 6.00%
ReverseRepo 6.00% 6.00% 6.00% 5.75%
91DayT‐Bill 6.25% 6.28% 6.30% 6.13%
364DayT‐Bill 6.38% 6.37% 7.53% 6.50%
10YearGilt 7.34% 7.34% 7.41% 7.56%
G‐SecVol.(Rs.Cr) 38231 43737 32550 32468
CurrencyMarketUpdate
FBILMIBOR 6.25% 6.25% 6.37% 6.00%
3MonthCPRate 7.50% 7.50% 7.75% 7.34%
5YearCorpBond 8.38% 8.32% 8.52% 8.16%
1MonthCDRate 8.00% 7.18% 6.50% 6.90%
3MonthCDRate 7.36% 7.34% 7.37% 6.85%
1YearCDRate 7.73% 7.53% 7.73% 7.30%
CommodityMarketUpdate
Currency 22‐Mar Prev_Day Change
USD/INR 68.66 68.86 ‐0.20
GBP/INR 90.28 91.28 ‐1.01
EURO/INR 78.14 78.14 ‐0.01
InternationalNews
JPY/INR 0.62 0.62 0.00
Commodity 22‐Mar WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 58.82 58.46 56.98 64.24
BrentCrude($/bl) 66.73 66.10 67.45 68.57
Gold($/oz) 1313 1301 1328 1329
Gold(Rs./10gm) 32007 31966 33252 30495
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
25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 11472.4, a premium of 15.50 points,
over the spot closing of 11,456.90. The turnover on NSE’s Futures and
Options segment decreased to Rs. 8,95,226.20crore on Mar 22, 2019,
compared with Rs. 18,85,084.00 crore on Mar 20, 2019.
• The Put‐Call ratio stood at 1.04, compared with the previous session’s
close of 0.76.
• The Nifty Put‐Call ratio stood at 1.60 compared with the previous
session’s close of 1.71.
• India VIX increased 0.43% to 16.1025compared with 16.0325 at the
previous trading session.
• Bond yields eased following decline in U.S. Treasury yields. Yields fell
further after U.S. Federal Reserve kept the interest rates unchanged and
indicated no more rate hikes in 2019.
• Yield on the existing 10‐year benchmark paper (7.17% GS 2028)
declined 2 bps to 7.50% as compared with the previous session’s close of
7.52% after trading in the range of 7.47% to 7.50%.
• Yield on the upcoming new 10‐year benchmark paper (7.26% GS 2029)
declined 2 bps to close at 7.34% compared with the previous session’s
close of 7.36% after trading in the range of 7.30% to 7.34%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 6,244 crore (gross) on Mar 22, 2019, compared
with Rs. 5,016 crore (gross) as on Mar 20, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 7,507
crore on Mar 21, 2019.
• The Indian rupee weakened against the greenback following decline in
the India domestic markets and increase in greenback purchases.
However, fall in crude oil prices restricted the losses. The rupee closed at
68.95 a dollar compared with the previous close of 68.82.
• The euro fell against the greenback following Germany’s weaker than
expected flash composite Purchasing Managers' Index for Mar 2019. The
euro was last seen trading at 1.1300 a dollar compared with the previous
close of 1.1373.
• Gold prices rose on global growth concerns and as the U.S. Fed earlier
this week indicated that the central bank no longer expects to raise rates
in 2019.
• Brent Crude prices fell as economic growth concerns weighed on
sentiment.
• The U.S. Fed left interest rates unchanged following a two‐day
monetary policy meeting. The Fed decided to maintain the target range
for the federal funds rate at 2‐1/4 to 2‐1/2% in support of its mandate of
fostering maximum employment and price stability. The central bank's
forward projections also indicated interest rates are likely to remain
unchanged for the remainder of 2019.
• European Central Bank preliminary data showed euro zone's current
account surplus grew in Jan 2019 from the previous month. The current
account surplus rose to EUR 37 billion from EUR 16 billion in Dec 2018.
MarketsforYou
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