GlobalIndices 26‐Mar Prev_Day Abs.Change
DowJones 25,658 25,517 141 0.55
Nasdaq 7,692 7,638 54 0.71
FTSE 7,196 7,178 19 0.26
Nikkei 21,428 20,977 451 2.15
HangSeng 28,567 28,523 44 0.15
IndianIndices 26‐Mar Prev_Day Abs.Change
S&PBSESensex 38,233 37,809 425 1.12
Nifty50 11,483 11,354 129 1.14
Nifty100 11,633 11,505 128 1.11
NiftyBank 29,882 29,281 601 2.05
SGXNifty 11,522 11,384 138 1.21
S&PBSEPower 2,044 2,010 34 1.70
S&PBSESmallCap 14,684 14,588 96 0.66
S&PBSEHC 14,200 14,114 86 0.61
Date P/E Div.Yield P/E Div.Yield
26‐Mar 27.73 1.14 28.15 1.18
MonthAgo 26.34 1.19 26.43 1.25
YearAgo 22.87 1.17 24.70 1.29
Company 26‐Mar Prev_Day
NTPC 141 135 4.03
RIL 1367 1324 3.23
SBI 304 294 3.23
Nifty50Top3Losers DomesticNews
Company 26‐Mar Prev_Day
TechMahindra 771 790 ‐2.39
IndianOil 162 164 ‐1.55
UnitedPhos 903 913 ‐1.03
Advances 1377 1039
Declines 1325 809
Unchanged 156 112
Description(Cr) YTD
FIIFlows* 41157
MFFlows** 1506
YoY(%) Current YearAgo
Sensex Nifty
Indian equity markets closed on a positive note amid gains in rupee and
firm global cues with recovery in U.S. Treasury yields. Gains in banking and
energy stocks boosted the indices. Further, gains in one of the Indian
conglomerate holding company after one of its unit acquired a consumer
goods company also boosted the indices.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 1.12% and
1.14% to close at 38,233.41 and 11,483.25, respectively. S&P BSE Mid‐Cap
and S&P BSE Small Cap grew 1.09% and 0.66%, respectively.
The overall market breadth on BSE was strong with 1,377 scrips
advancing and 1,325 scrips declining. A total of 156 scrips remained
On the BSE sectoral front, S&P BSE Bankex stood as the major gainer, up
2.19% followed by S&P BSE Energy and S&P BSE Power that grew 2.14%
and 1.70%, respectively. S&P BSE Utilities and S&P BSE Finance grew
1.65% and 1.53%, respectively. S&P BSE Information Technology stood as
the major loser and fell 0.58%, followed by S&P BSE Teck that fell 0.41%.
Capital markets regulator Securities and Exchange Board of India (SEBI)
has barred foreign portfolio investors (FPIs) from making any fresh
investments in the domestic capital markets who have not submitted the
names of beneficial owners to custodians. However, those FPIs will be
available to sell their holdings. SEBI in this regard had directed custodians
to share the list of non‐compliant FPIs with stock exchanges and has asked
brokers not to execute trades on their behalf. It needs to be noted that
SEBI in Sep 2018 had asked FPIs to submit Know Your Customer (KYC)
details of beneficial owners by Mar 20. However, several top investors
based in U.S. and Europe haven’t provided the KYC details by the deadline.
According to a major global credit rating agency, the profitability of
state‐run oil refiners may come under pressure if the government asks
them to temporarily freeze the prices of petrol, diesel and other fuels
ahead of the upcoming general elections. The global credit rating agency
further added a a change in the government may pose new challenges for
the state‐run oil companies.
According to the payroll data of the Employees State Insurance
Corporation (ESIC), job creation fell 6.91% in Jan 2019 to 11.23 lakh as
compared to 12.06 lakh in the same period of the previous year.
Meanwhile the estimated number of new National Pension Scheme
subscribers during the period Sept 2017 to Jan 2019 stood at 10,30,959.
Data from the Ministry of Petroleum & Natural Gas showed that crude
oil production in Feb 2019 stood at 2563.73 Thousand Metric Tons (TMT)
which is 13.36% less than the target and 6.14% lower than the production
in same period of the previous year.
As per media reports, Reliance Industries retail arm has acquired ITC’s
mid‐segment menswear brand John Players. The deal will add Rs. 350
crore to Reliance Retail’s value fashion business.
Laurus Labs Limited, a Hyderabad‐based pharma company, announced
entering into partnership with Global Fund for a period of 3.5 years. The
deal will help Laurus Labs to have the volume commitments from the
Global Fund for the treatment of HIV/AIDS.
Indiabulls Real Estate is planning issue secured and redeemable non‐
convertible debentures for a tenor of up to 36 months to raise up to Rs.
600 crore.
Asian markets managed to edge higher after witnessing sharp sell off in
the previous session. Worries over a potential U.S. recession receded after
U.S. Treasury yields rose. Nonetheless, sentiments remained fragile over
inversion of the 10‐year U.S. Treasury yield curve. Today (as of Mar 27),
Asian markets opened mostly lower on lingering concerns over the
outlook for the global economy. While Nikkei was trading lower 0.64%,
Hang Seng was up 0.39%, respectively (as at 8 a.m. IST).
As per the last close, European markets increased as easing fears about
U.S. recession faded after U.S. treasury yields recovered from 15‐month
lows. Also rise in crude oil prices and fresh optimism about upcoming U.S.‐
China trade negotiations outweighed concerns about Brexit.
As per the last close, U.S markets rose after a range bound session. Rally
was attributed to a rebound by U.S. Treasury yields. A recent inversion of
the yield curve raised concerns about an impending recession.
FIIDerivativeTradeStatistics 26‐Mar
(RsCr) Buy Sell OpenInt.
IndexFutures 6970.38 7123.23 25924.56
IndexOptions 128205.15 124588.06 85655.71
StockFutures 28350.08 29135.30 95466.98
StockOptions 5722.17 5802.47 9590.26
Total 169247.78 166649.06 216637.51
26‐Mar Prev_Day Change
PutCallRatio(OI) 1.64 1.46 0.18
PutCallRatio(Vol) 0.96 0.86 0.10
26‐Mar Wk.Ago Mth.Ago YearAgo
CallRate 6.15% 6.20% 6.19% 5.98%
T‐Repo 5.98% 6.14% 6.19% NA
Repo 6.25% 6.25% 6.25% 6.00%
ReverseRepo 6.00% 6.00% 6.00% 5.75%
91DayT‐Bill 6.26% 6.26% 6.28% 6.12%
364DayT‐Bill 6.36% 6.40% 6.43% 6.47%
10YearGilt 7.34% 7.38% 7.42% 7.62%
G‐SecVol.(Rs.Cr) 38231 30753 19749 16519
FBILMIBOR* 6.25% 6.30% 6.39% 6.05%
3MonthCPRate 7.55% 7.45% 7.75% 7.39%
5YearCorpBond 8.41% 8.48% 8.37% 8.24%
1MonthCDRate 7.49% 7.22% 6.73% 7.02%
3MonthCDRate 7.18% 7.29% 7.33% 6.83%
1YearCDRate 7.42% 7.41% 7.68% 7.39%
Currency 26‐Mar Prev_Day Change
USD/INR 68.85 68.99 ‐0.14
GBP/INR 90.77 90.87 ‐0.10
EURO/INR 77.87 77.97 ‐0.11
JPY/INR 0.63 0.63 0.00
Commodity 26‐Mar WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 59.82 59.07 55.35 65.48
BrentCrude($/bl) 68.10 67.47 65.05 68.40
Gold($/oz) 1315 1306 1329 1353
Gold(Rs./10gm) 31987 31952 33264 30756
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Nifty Mar 2019 Futures were at 11,510.70, a premium of 27.45 points,
over the spot closing of 11,483.25. The turnover on NSE’s Futures and
Options segment rose to Rs. 11,71,155.12 crore on Mar 26, 2019,
compared with Rs. 8,26,876.46 crore on Mar 25, 2019.
The Put‐Call ratio stood at 0.80, compared with the previous session’s
close of 0.81.
The Nifty Put‐Call ratio stood at 1.64 compared with the previous
session’s close of 1.46.
Open interest on Nifty Futures stood at 25.00 million as against the
previous session’s close at 24.24 million.
Bond yields rose as market participants resorted to profit booking
ahead of the release of the government’s heavy borrowing schedule of
Rs. 7.1 trillion for the next fiscal starting Apr 1, 2019.
Yield on the new 10‐year benchmark paper (7.26% GS 2029) rose 2 bps
to close at 7.34% compared with the previous session’s close of 7.32%
after trading in the range of 7.32% to 7.34%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,881 crore (gross) on Mar 26, 2019, compared
with Rs. 5,819 crore (gross) as on Mar 25, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 55,932
crore on Mar 25, 2019.
Banks borrowed Rs. 201 crore under the central bank’s Marginal
Standing Facility on Mar 25, 2019 compared with no borrowings on Mar
22, 2019.
The Indian rupee appreciated against the U.S. dollar following
greenback sales by exporters. However, the local unit’s upside was
limited by dollar/rupee swap auction conducted by the RBI. The rupee
closed at 68.86 a dollar compared with the previous close of 68.94.
The euro improved against the greenback, supported by better‐than‐
expected data on business climate index from Germany for Mar 2019.
The euro was last seen trading at 1.1319 a dollar compared with the
previous close of 1.1311.
Gold prices edged lower as investors risk taking appetite improved with
the recovery in U.S. 10‐year Treasury yields.
Brent Crude prices surged as tension over a likely U.S. recession
alleviated following improvement in U.S. 10‐year Treasury yields.
According to a report from GfK, Germany’s forward‐looking consumer
confidence index declined to 10.4 for Apr 2019 from revised 10.7 in Mar
2019. The decline reflects easing in households' income expectations and
the propensity to buy. Meanwhile, the economic expectations index of
the survey rose seven points to 11.2 in Mar 2019 and the income
expectations index fell 4.1 points to 55.9 in Mar.
A report from the statistical office INSEE showed that France’s factory
confidence indicator declined to 102 from 103 in the previous month.
Manufacturers' assessment of the past activity, export order books, and
employment weakened and the production expectations slightly
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