28Mar2019
MarketsforYou
GlobalIndices
GlobalIndices 27‐Mar Prev_Day Abs.Change
%Change
#
DowJones 25,626 25,658 ‐32 ‐0.13
Nasdaq 7,643 7,692 ‐48 ‐0.63
FTSE 7,194 7,196 ‐2 ‐0.03
Nikkei 21,379 21,428 ‐50 ‐0.23
HangSeng 28,728 28,567 161 0.56
IndianIndices 27‐Mar Prev_Day Abs.Change
%Change
#
S&PBSESensex 38,133 38,233 ‐101 ‐0.26
Nifty50 11,445 11,483 ‐38 ‐0.33
Nifty100 11,596 11,633 ‐37 ‐0.32
NiftyBank 30,020 29,882 138 0.46
SGXNifty 11,454 11,522 ‐69 ‐0.59
S&PBSEPower 2,025 2,044 ‐19 ‐0.95
S&PBSESmallCap 14,778 14,684 95 0.64
S&PBSEHC 14,102 14,200 ‐98 ‐0.69
Date P/E Div.Yield P/E Div.Yield
27‐Mar 27.78 1.15 28.05 1.18
MonthAgo 26.15 1.20 26.36 1.25
YearAgo 22.93 1.17 24.83 1.28
Nifty50Top3Gainers
Company 27‐Mar Prev_Day
%Change
#
YesBank 268 254 5.81
IndusIndBank 1804 1715 5.23
IndiabullsHFC 750 730 2.84
Nifty50Top3Losers DomesticNews
Company 27‐Mar Prev_Day
%Change
#
HPCL 269 277 ‐2.83
NTPC 137 141 ‐2.70
EicherMotors 20974 21382 ‐1.91
AdvanceDeclineRatio
BSE NSE
Advances 1171 857
Declines 1581 988
Unchanged 149 104
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 42047
MFFlows** 3299
*27
th
Mar2019;**26
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)
28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
1798
890
3.38%
(Oct‐18)
• Indian equity markets opened on a positive note with gains in banking
stocks after the Reserve Bank of India (RBI) reportedly injected liquidity
into the system through a forex swap auction of $5 billion. Meanwhile, RBI
received bids for $16.3 billion. However, the trend reversed and the
markets closed in the red as investors book profit after the recent rally.
Investors remained cautious amid mixed global cues over Brexit
uncertainty, U.S. and China trade discussions and global growth worries.
• However, reports of successful launch of the country's anti‐satellite
missile system by the Prime Minister of India demonstrated the nation's
capability to defend its assets in outer space, thereby restricting the
losses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.26% and
0.33% to close at 38,132.88 and 11,445.05, respectively. S&P BSE Mid‐Cap
and S&P BSE Small Cap grew 0.59% and 0.64%, respectively.
• The overall market breadth on BSE was weak with 1,549 scrips declining
and 1,203 scrips advancing. A total of 150 scrips remained unchanged.
• According to media reports, the central government and several state
governments have issued tenders worth 30,549 MW. Out of 30,549 MW,
4,000 MW are wind power projects, 1,800 MW are hybrid (solar+wind)
and the remainiing 24,749 MW are solar power projects. The objective of
the move is to meet the target of 1.75 lakh MW of renewable energy
capacity by 2020 and to achieve more than 2 lakh MW by 2022.
• Data from the World Steel Association showed that India’s crude steel
output in Feb 2019 grew 2.26% to 8.74 million tonne (MT) from 8.54 MT in
the same period of the previous year. The crude steel production for the
64countrieswhichreportstoWorldSteelAssociationgrew4.00%to
137.27 MT in Feb 2019 from 131.99 MT in Feb 2018. China in the same
month produced 70.99 MT crude steel, a jump of 9.33% compared to a
production of 64.93 MT in the same period of the previous year.
• According to a major domestic credit rating agency, the domestic hotel
industry may witness a top line growth of 10% to 11% in 2019 which is
higher than the previous expectation of 8.5%. Demand for room is also
expected to go up by about 8% to 9% on a yearly basis over the medium
term due to increase in domestic travel despite geopolitical concerns and
increase in local airfare.
• According to media reports, the ministry of finance has given its
approval for setting up a precious metals’ board. The board will take
decisions on regulatory and developmental aspects and bring in clarity as
to how the new comprehensive gold policy will be implemented.
• Tata Group, GIC and SSG Capital Management has announced investing
Rs. 8,000 crore to buy a stake in GMR Airports Ltd. After the purchase,
Tata, GIC and SSG will hold 20%, 15% and 10%, respectively.
• India Infrastructure Finance Company Ltd has planned to raise up to Rs.
1,200 crore via bonds to strengthen its capital base.
• As per media reports, Lake Shore India Advisory has bought majority
stake from Phoenix Group in a Hyderabad‐based retail mall for about Rs.
1,000 crore.
• Larsen & Toubro Infrastructure announced that it has dispatched India's
heaviest hydrocracker before schedule to HPCL for its Visakh refinery.
• Asian markets witnessed a mixed trend amid lingering concerns over the
outlook for the global economy. While, recent developments on Brexit
and U.S.‐China trade talks remained on investors' radar, weak Chinese
industrial profits data for Jan‐ Feb period raised speculation over fresh
stimulus measures by the government. Today (as of Mar 28), Asian
markets opened lower following decline on the Wall Street overnight.
Both Nikkei and Hang Seng were trading lower 1.86% and 0.42%,
respectively (as at 8 a.m. IST).
• As per the last close, European markets closed on a mixed note after a
range bound session. Worries about global economic slowdown and
continued uncertainty about Brexit and U.S.‐China trade agreement led to
a cautious mood among investors.
• As per the last close, U.S markets fell amid decline by U.S. treasury
yields, which extended the downward trend seen over the past few
sessions. The yield on the benchmark ten‐year note ended the day at its
lowest closing level since December of 2017. Long term yields have fallen
amid concerns about the economic outlook.
MarketsforYou
FIIDerivativeTradeStatistics 27‐Mar
(RsCr) Buy Sell OpenInt.
IndexFutures 8435.19 10318.27 28755.98
IndexOptions 181170.31 181163.70 89842.08
StockFutures 41589.86 42291.72 101279.75
StockOptions 5739.52 5600.23 9358.82
Total 236934.88 239373.92 229236.63
27‐Mar Prev_Day Change
PutCallRatio(OI) 1.49 1.64 ‐0.15
IndianDebtMarket
PutCallRatio(Vol) 1.04 0.96 0.08
27‐Mar Wk.Ago Mth.Ago YearAgo
CallRate 6.22% 6.20% 6.26% 6.00%
T‐Repo 6.02% 6.20% 6.26% NA
Repo 6.25% 6.25% 6.25% 6.00%
ReverseRepo 6.00% 6.00% 6.00% 5.75%
91DayT‐Bill 6.31% 6.27% 6.36% 6.11%
364DayT‐Bill 6.39% 6.42% 6.55% 6.47%
10YearGilt 7.33% 7.36% 7.47% 7.33%
G‐SecVol.(Rs.Cr) 31053 22332 35604 61226
CurrencyMarketUpdate
FBILMIBOR* 6.25% 6.25% 6.35% 6.05%
3MonthCPRate 7.55% 7.50% 7.75% 7.39%
5YearCorpBond 8.34% 8.44% 8.42% 8.08%
1MonthCDRate 8.13% 7.75% 6.75% 7.79%
3MonthCDRate 7.26% 7.28% 7.34% 6.89%
1YearCDRate 7.49% 7.46% 7.96% 7.45%
CommodityMarketUpdate
Currency 27‐Mar Prev_Day Change
USD/INR 68.90 68.85 0.06
GBP/INR 90.88 90.77 0.10
EURO/INR 77.60 77.87 ‐0.26
InternationalNews
JPY/INR 0.62 0.63 0.00
Commodity 27‐Mar WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 59.34 60.07 56.87 65.20
BrentCrude($/bl) 67.94 68.79 65.49 68.22
Gold($/oz) 1309 1312 1320 1344
Gold(Rs./10gm) 32067 31812 33367 30718
Source:ThomsonReutersEikon
*Asonprevioustradingday
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
28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 11,458.10, a premium of 13.05 points,
over the spot closing of 11,445.05. The turnover on NSE’s Futures and
Options segment rose to Rs. 17,20,336.52 crore on Mar 27, 2019,
compared with Rs. 11,71,155.12 crore on Mar 26, 2019.
• The Put‐Call ratio stood at 0.95 compared with the previous session’s
close of 0.80.
• The Nifty Put‐Call ratio stood at 1.49 compared with the previous
session’s close of 1.64.
• Open interest on Nifty Futures stood at 25.85 million as against the
previous session’s close at 25.00 million.
• Bond yields eased with the fall in U.S. 10‐year Treasury yields. Market
participants are now awaiting the release of the government’s heavy
borrowing schedule of Rs. 7.1 trillion for the next fiscal for further cues.
• Yield on the old 10‐year benchmark paper (7.17% GS 2028) fell 1 bps to
7.48% as compared with the previous session’s close of 7.49% after
trading in the range of 7.47% to 7.51%.
• Yield on the new 10‐year benchmark paper (7.26% GS 2029) fell 1 bps to
close at 7.33% compared with the previous session’s close of 7.34% after
trading in the range of 7.32% to 7.36%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 10,888 crore (gross) on Mar 27, 2019, compared
with Rs. 3,881 crore (gross) as on Mar 26, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 50,849
crore on Mar 26, 2019.
• The Indian rupee was nearly steady against the greenback as gains from
corporate inflows was set off by weakening risk appetite of investors. The
rupee closed at 68.87 a dollar compared with the previous close of 68.86.
• The euro improved against the greenback, supported by improved
consumer confidence data from France for Mar 2019. The euro was last
seen trading at 1.1278 a dollar compared with the previous close of
1.1264.
• Gold prices edged higher following feeble U.S. housing and consumer
confidence data.
• Brent Crude prices lost its upward momentum on concerns over the
adverse impact of global economic slowdown on demand.
• According to a report from the Conference Board, U.S. consumer
confidence surprisingly fell to 124.1 in Mar 2019 as against 131.4 in Feb
2019. The decline reflects fall in present situation index to 160.6 in Mar as
against 172.8 in Feb. Percentage of consumers saying business conditions
as good fell to 33.4% in Mar from 40.6% in Feb and those saying business
conditions as bad edged up to 13.6% in Mar from 11.1% in Feb.
• A report from the Commerce Department showed that U.S. housing
starts fell 8.7% to an annual rate of 1.162 million in Feb as against a gain
of 11.7% to a revised rate of 1.273 million in Jan 2019 (1.230 million
originally reported). The sharp decline reflects 17% fall in single‐family
starts. However, multi‐family permits surged by 17.8%.
MarketsforYou
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