02May2019
MarketsforYou

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GlobalIndices
GlobalIndices 01‐May Prev_Day Abs.Change
%Change
#
DowJones 26,430 26,593 ‐163 ‐0.61
Nasdaq 8,050 8,095 ‐46 ‐0.57
FTSE 7,385 7,418 ‐33 ‐0.44
Nikkei Closed Closed NA NA
HangSeng Closed 29,699 NA NA
IndianIndices 30‐Apr Prev_Day Abs.Change
%Change
#
S&PBSESensex 39,032 39,067 ‐36 ‐0.09
Nifty50 11,748 11,755 ‐7 ‐0.06
Nifty100 11,874 11,887 ‐12 ‐0.10
NiftyBank 29,765 30,014 ‐249 ‐0.83
SGXNifty 11,811 11,820 ‐9 ‐0.08
S&PBSEPower 1,970 1,995 ‐25 ‐1.27
S&PBSESmallCap 14,625 14,813 ‐189 ‐1.27
S&PBSEHC 14,367 14,465 ‐98 ‐0.68
Date P/E Div.Yield P/E Div.Yield
30‐Apr 28.96 1.19 29.33 1.12
MonthAgo 28.04 1.13 29.01 1.13
YearAgo 23.83 1.12 26.66 1.19
Nifty50Top3Gainers
Company 30‐Apr Prev_Day
%Change
#
HCLTech 1183 1140 3.83
ZeeEnte. 433 418 3.57
IndianOil 158 153 3.40
Nifty50Top3Losers DomesticNews
Company 30‐Apr Prev_Day
%Change
#
YesBank 168 237 ‐29.17
IndiabullsHFC 695 738 ‐5.82
IndusIndBank 1607 1699 ‐5.44
AdvanceDeclineRatio
BSE NSE
Advances 706 482
Declines 1814 1404
Unchanged 166 72
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 67970
MFFlows** ‐3783
*26
th
Apr2019;**26
th
Apr2019
EconomicIndicator
YoY(%) Current YearAgo
CPI
2.86%
(Mar‐19)
4.28%
(Mar‐18)
IIP
0.10%
(Feb‐19)
6.90%
(Feb‐18)
GDP
6.60%
(Dec‐18)
7.70%
(Dec‐17)
02May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)
7.00%
(Sep‐18)
QuarterAgo
Inflow/Outflow
823
3855
2.11%
(Dec‐18)
• Indian equity markets ended flat but were able to bounce back from
losses seen at the start of the session. Investors stayed on the sidelines in
a holiday‐truncated week. They also looked forward to U.S. Federal
Reserve's 2‐day policy meeting, ending May 1, 2019, and U.S. payroll data,
scheduled to be released on May 3, 2019.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.09% and
0.06%, respectively, to close at 39,031.55 and 11,748.15, respectively. S&P
BSE Mid‐Cap and S&P BSE Small Cap lost 1.16% and 1.27%, respectively.
• The overall market breadth on BSE was weak with 706 scrips advancing
and 1814 scrips declining. A total of 166 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Metal was the major gainer, up
1.44%, followed by S&P BSE Information Technology, up 1.36%, and S&P
BSE Oil & Gas, up 1.16%. S&P BSE Teck and S&P BSE Consumer Durables
gained 1.07% and 0.96%, respectively. S&P BSE Telecom was the major
loser, down 2.22%, followed by S&P BSE Realty and S&P BSE Auto, down
2.18% and 1.7%, respectively.
• According to a report by a major global data and analytics company,
decline in Indian economic growth momentum in Oct‐Dec quarter of FY19
is likely to continue, largely owing to election related uncertainty. The
report says subdued consumption demand and election related
uncertainty is expected to weigh on India's industrial production.
• The Reserve Bank of India (RBI) could approach the Election Commission
to put in place a new circular on bad debt resolution, according to media
reports. This would pave the way for smooth implementation of the
Insolvency & Bankruptcy Code and loan restructuring by banks. The move
is crucial after the Supreme Court set aside the controversial Feb 12, 2019,
circular issued by the previous RBI governor. RBI was initially planning to
issue the revised circular that is expected to give more flexibility in
restructuring stressed loans as against the rigid timelines for initiating
bankruptcy under the older directive.
• The Centre has increased the import duty on wheat to 40% from 30% in
order to boost offtake of domestically produced grain. The decision comes
at the backdrop of the government’s plan of sell wheat in the open market
to offload excess grain from the storage units of Food Corporation of India
and state agencies.
• The inter‐governmental agreement with the U.S. has been notified by
India regarding income allocation and taxes paid in order to help check
cross‐border tax evasion. The agreement is for exchange of country‐by‐
country reports on multinational companies and was signed by Central
Board of Direct Taxes chairman and U.S. ambassador to India in Mar 2019
and notified by the revenue department in Apr 2019. This deal will enable
both the countries to automatically exchange country‐by‐country reports
filed by the ultimate parent entities of multinational enterprises in the
respective jurisdictions, pertaining to the years commencing on or after
Jan 1, 2016.
• Asian equity markets were mixed after China reported a slower pace of
factory activity for Apr 2019. This made investors worry over slowing
global growth. Investors also looked forward to a series of economic data
from Europe, the U.S. Federal Reserve's (Fed) monetary policy decision
and the latest developments on U.S.‐China trade front. Today (as of May
2), Asian markets opened on a mixed note after the U.S. Fed indicated that
it is not currently considering a cut in interest rates. Hangseng rose 0.12%
(as at 8.a.m. IST). Nikkei remained closed.
• As per the last close, European markets closed almost on lower note as
investors remained cautious ahead of Fed's monetary policy
announcement. Meanwhile, volume of business was thin in the market as
some exchanges were closed for the May Day holiday.
• As per the last close, U.S markets on a lower note after U.S. Fed’s
Chairman dashed investors’ hopes of interest rate cut in the near‐term.
Weakness in energy, steel, software and gold stocks weighed on the
indices.
MarketsforYou
FIIDerivativeTradeStatistics 30‐Apr
(RsCr) Buy Sell OpenInt.
IndexFutures 9894.87 9742.97 20337.05
IndexOptions 386988.97 387497.30 45118.16
StockFutures 27036.56 26457.86 81960.55
StockOptions 4847.81 4480.15 1507.26
Total 428768.21 428178.28 148923.02
30‐Apr Prev_Day Change
PutCallRatio(OI) 1.49 1.63 ‐0.14
IndianDebtMarket
PutCallRatio(Vol) 0.74 0.80 ‐0.06
30‐Apr Wk.Ago Mth.Ago YearAgo
CallRate 6.15% 6.26% 8.49% 6.02%
T‐Repo 6.01% 6.11% 6.65% NA
Repo 6.00% 6.00% 6.25% 6.00%
ReverseRepo 5.75% 5.75% 6.00% 5.75%
91DayT‐Bill 6.45% 6.35% 6.05% 6.19%
364DayT‐Bill 6.49% 6.43% 6.28% 6.45%
10YearGilt 7.41% 7.47% 7.35% 7.77%
G‐SecVol.(Rs.Cr) 22574 35372 26833 23708
CurrencyMarketUpdate
FBILMIBOR 6.20% 6.10% 6.25% 6.00%
3MonthCPRate 7.50% 7.50% 7.55% 7.40%
5YearCorpBond 8.51% 8.57% 8.36% 8.45%
1MonthCDRate 7.36% 6.98% 7.81% 6.69%
3MonthCDRate 7.40% 7.13% 7.21% 7.07%
1YearCDRate 7.63% 7.35% 7.34% 7.71%
CommodityMarketUpdate
Currency 30‐Apr Prev_Day Change
USD/INR 69.84 70.14 ‐0.31
GBP/INR 90.33 90.53 ‐0.20
EURO/INR 78.08 78.13 ‐0.05
InternationalNews
JPY/INR 0.63 0.63 0.00
Commodity 01‐May WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 63.50 65.93 60.77 68.51
BrentCrude($/bl) 72.15 73.05 69.08 76.66
Gold($/oz) 1276 1275 1294 1315
Gold(Rs./10gm)* 31723 31560 31601 31033
Source:ThomsonReutersEikon
*Ason30Apr2019
Disclaimer:
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
02May2019
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DerivativeStatistics‐NiftyOptions
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty May 2019 Futures were at 11,791.55, a premium of 43.40 points,
above the spot closing of 11,748.15. The turnover on NSE’s Futures and
Options segment declined to Rs. 11,84,030.49 crore on Apr 39, 2019,
compared with Rs. 7,32,837.82 crore on Apr 26, 2019.
• The Put‐Call ratio stood at 0.80 compared with the previous session’s
close of 0.83.
• The Nifty Put‐Call ratio stood at 1.49 compared with the previous
session’s close of 1.63.
• India VIX rose 0.26% to 21.7750 compared with 21.7175 at the previous
trading session.
• Open interest on Nifty Futures stood at 20.10 million as against the
previous session’s close at 20.39 million.
• Bond yields remained unchanged as the impact of the announcement of
note purchases worth Rs. 250 billion in May 2019 under open market
operation was offset by surging crude oil prices.
• Yield on the 10‐year benchmark paper (7.26% GS 2029) remained
unchanged at 7.41% compared with the previous session’s close after
trading in a range of 7.39% to 7.42%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 17,123 crore (gross) on Apr 30, 2019, compared
with Rs. 8,606 crore (gross) as on Apr 26, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 42,535
crore on Apr 26, 2019.
• Banks borrowed Rs. 998 crore under the central bank’s Marginal
Standing Facility on Apr 26, 2019 compared with borrowings of Rs. 49
crore on Apr 25, 2019.
• The India rupee rose against the greenback on speculations of the
continuation of the current government for the second term. Investors
are now glued to the outcome of the 2‐days Federal Reserve meeting for
further cues. The rupee closed at 69.56 a dollar compared with the
previous close of 70.01.
• The euro strengthened against the greenback ahead of the outcome of
the two‐day U.S. Federal Reserve policy meeting. The euro was last seen
trading at 1.1232 compared with the previous close of 1.1215.
• Gold prices moved down against the greenback ahead of the U.S.
Federal Reserve meeting results.
• Brent crude prices lost its upward momentum after American
Petroleum Institute (API) reports revealed a rise in U.S. crude inventories.
• Commerce Department data showed U.S. economic growth
unexpectedly showed a significant acceleration in the first quarter of
2019. Preliminary data showed real gross domestic product jumped by
3.2% in the first quarter after climbing 2.2% in the fourth quarter of 2018.
The acceleration in the pace of growth came as a surprise to economists,
who had expected GDP to increase 2.1%.
• Survey data from the European Commission showed euro zone
economic sentiment weakened for a 10th straight month in Apr 2019 to
its lowest level in nearly three years. This came amid a sharp
deterioration in the morale in industry to its weakest level in about five
years. The economic sentiment index decreased to 104 from 105.6 in Mar
2019.
MarketsforYou
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