08May2019
MarketsforYou

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GlobalIndices
GlobalIndices 07‐May Prev_Day Abs.Change
%Change
#
DowJones 25,965 26,438 ‐473 ‐1.79
Nasdaq 7,964 8,123 ‐160 ‐1.96
FTSE 7,260 Closed NA NA
Nikkei 21,924 Closed NA NA
HangSeng 29,363 29,210 153 0.52
IndianIndices 07‐May Prev_Day Abs.Change
%Change
#
S&PBSESensex 38,277 38,600 ‐324 ‐0.84
Nifty50 11,498 11,598 ‐100 ‐0.87
Nifty100 11,610 11,709 ‐99 ‐0.84
NiftyBank 29,288 29,618 ‐330 ‐1.12
SGXNifty 11,510 11,657 ‐147 ‐1.26
S&PBSEPower 1,954 1,968 ‐15 ‐0.75
S&PBSESmallCap 14,302 14,424 ‐122 ‐0.85
S&PBSEHC 14,034 14,096 ‐62 ‐0.44
Date P/E Div.Yield P/E Div.Yield
7‐May 28.16 1.21 28.73 1.14
MonthAgo 27.99 1.14 29.12 1.13
YearAgo 23.46 1.15 26.60 1.20
Nifty50Top3Gainers
Company 07‐May Prev_Day
%Change
#
HUL 1698 1669 1.71
Wipro 294 291 1.03
L&TLtd. 1367 1353 1.03
Nifty50Top3Losers DomesticNews
Company 07‐May Prev_Day
%Change
#
ZeeEnte. 369 388 ‐4.80
TataMotors 191 200 ‐4.43
ICICIBank 387 401 ‐3.69
AdvanceDeclineRatio
BSE NSE
Advances 851 544
Declines 1678 1260
Unchanged 140 98
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 67983
MFFlows** ‐2490
*7
th
May2019;**6
th
May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)
08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
426
308
2.11%
(Dec‐18)
• Indian equity markets fell yet again as trade tensions ruled the
sentiment. Though things settled a bit after China confirmed its vice‐
premier would attend the next round of talks in Washington in the week.
Fears were that China could cancel this round after U.S. President’s harsh
comments. The President had said U.S. will increase tariffs on Chinese
imports worth $200 billion to 25% this week and put tariffs on another
$325 billion imports soon.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.84% and
0.87%, respectively, to close at 38,276.63 and 11,497.90, respectively. S&P
BSE Mid‐Cap and S&P BSE Small Cap lost 0.98% and 0.85%, respectively.
• On the BSE sectoral front, three sectors gained. S&P BSE Information
Technology and S&P BSE Capital Goods were the major gainers, up 0.19%
each, followed by S&P BSE Consumer Durables, up 0.04%. S&P BSE
Telecom was the major loser, down 2.44%, followed by S&P BSE Energy
and S&P BSE Oil & Gas, down 2.23% and 1.36%, respectively. S&P BSE
Realty and S&P BSE Metal lost 1.32% and 1.25%, respectively.
• According to a report by a major global rating agency, Goods and
Services Tax (GST) regime in India may not reduce the deficits of state
governments significantly. This is because there is large and growing
expenditure mandates for the social sector as well as capital spending. The
report says institutional framework for Indian states is evolving, but there
is structural deficits due to persistent revenue expenditure mismatch. It
noted that the passage of the GST bill in 2017 is a major overhaul of tax
structure and will help to widen the tax base and improve revenues of
state governments.
• Government has said India and the U.S. have agreed to engage regularly
at various levels to resolve outstanding trade issues by exploring mutually
beneficial suitable solutions. U.S. commerce secretary is visiting Indiato
attend the 11th Trade Winds Business Forum and Mission hosted by the
U.S. Department of Commerce.
• The government is preparing a clarification on passing bankruptcy
resolutions that are stalled because many homebuyers did not vote. This
follows a reference from the National Company Law Tribunal (NCLT) to the
ministry of corporate affairs in a case where the panel of creditors
dominated by homebuyers could not clear a rescue plan from a
consortium as many homebuyers stayed away.
• According to media reports, Vedanta Ltd posted a better than expected
fourth‐quarter profit. It came on the back of an increase in international
demand for zinc. Rising global prices of metals such as zinc and copper
have helped Vedanta fight challenges from mine shutdowns in India.
Revenue from its international zinc segment surged 22% to Rs. 1,002 crore
($144.34 million) from Rs. 822 crore in the year‐ago period.
• According to media reports, engineering and farm equipment maker
Escorts’ net profit rose 7.8% to Rs. 121.35 crore for the Mar quarter
helped by robust tractor sales. The company had reported a net profit of
Rs. 112.54 crore for the same period of previous fiscal. Revenue from
operations rose to Rs. 1,631.66 crore for the period under review
compared with Rs. 1,436.10 crore in the fourth quarter of 2017‐18.
• According to media reports, drug firm Sanofi India reported a 12.60%
rise in its net profit to Rs. 92.9 crore for the first quarter ended Mar 2019.
The company had posted a net profit of Rs. 82.5 crore for the
corresponding period of the previous fiscal.
• Asian equity markets were mixed as renewed tensions on the U.S.‐China
trade front kept investors on the edge. The markets that suffered deep
losses in the previous session made up some of the downside. Investors
took hope from China Commerce Ministry’s statement that Vice Premier
would visit the U.S. on May 9 and 10, 2019, for talks at the invitation of
senior U.S. officials. This negated media reports saying China could cancel
the scheduled meeting after U.S. President’s comments. Today (as of May
08), Asian markets opened on a lower note following decline on the Wall
Street Overnight. Both Nikkei and Hang Seng were trading lower 1.61%
and 1.03%, respectively (as at 8 a.m. IST).
• As per the last close, European markets fell sharply following increasing
concerns over U.S.‐China trade tensions and on weak economic data in
Germany and France.
• As per the last close, U.S markets declined sharply for the second day on
rising concerns over U.S.‐China trade tensions. U.S. Trade Representative
confirmed the U.S. plans to raise tariffs on $200 billion worth of Chinese
goods to 25% on Friday.
MarketsforYou
FIIDerivativeTradeStatistics 07‐May
(RsCr) Buy Sell OpenInt.
IndexFutures 1833.67 2746.33 22049.91
IndexOptions 115086.83 113781.67 57133.09
StockFutures 10832.85 11396.38 85058.69
StockOptions 4902.31 4869.73 5442.09
Total 132655.66 132794.11 169683.78
07‐May Prev_Day Change
PutCallRatio(OI) 1.14 1.30 ‐0.16
IndianDebtMarket
PutCallRatio(Vol) 0.84 0.78 0.06
07‐May Wk.Ago Mth.Ago YearAgo
CallRate 5.94% 6.15% 5.98% 5.94%
T‐Repo 5.81% 6.01% 5.77% NA
Repo 6.00% 6.00% 6.00% 6.00%
ReverseRepo 5.75% 5.75% 5.75% 5.75%
91DayT‐Bill 6.43% 6.45% 6.18% 6.22%
364DayT‐Bill 6.49% 6.49% 6.30% 6.48%
10YearGilt 7.38% 7.41% 7.35% 7.62%
G‐SecVol.(Rs.Cr) 37555 22574 39093 25757
CurrencyMarketUpdate
FBILMIBOR* 6.09% 6.22% 6.04% 6.00%
3MonthCPRate 7.80% 7.50% 6.80% 7.70%
5YearCorpBond 8.51% 8.46% 8.38% 8.41%
1MonthCDRate 6.88% 7.36% 6.54% 6.65%
3MonthCDRate 7.22% 7.40% 6.65% 7.16%
1YearCDRate 7.44% 7.63% 7.11% 7.76%
CommodityMarketUpdate
Currency 07‐May Prev_Day Change
USD/INR 69.31 69.36 ‐0.05
GBP/INR 90.97 91.00 ‐0.03
EURO/INR 77.70 77.64 0.07
InternationalNews
JPY/INR 0.63 0.63 0.00
Commodity 07‐May WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 61.36 63.78 63.05 70.69
BrentCrude($/bl) 70.87 71.87 70.52 75.74
Gold($/oz) 1284 1283 1291 1314
Gold(Rs./10gm) 31496 31723 31615 31191
Source:ThomsonReutersEikon
*Asonprevioustradingday
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
08May2019
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty May 2019 Futures were at 11,541.90, a premium of 44.00 points,
above the spot closing of 11,497.90. The turnover on NSE’s Futures and
Options segment rose to Rs. 9,81,837.10 crore on May 7, 2019, compared
with Rs. 6,84,284.97 crore on May 6, 2019.
• The Put‐Call ratio stood at 0.89 compared with the previous session’s
close of 0.84.
• The Nifty Put‐Call ratio stood at 1.14 compared with the previous
session’s close of 1.30.
• Open interest on Nifty Futures stood at 20.02 million as against the
previous session’s close at 20.11 million.
• Bond yields eased following the drop in crude oil prices below the $71
per barrel mark with the rising U.S.‐China trade conflict. In addition,
expectation of better liquidity, particularly after the general election, also
positively impacted the market sentiment.
• Yield on the 10‐year benchmark paper (7.26% GS 2029) declined 1 bps
to 7.38% compared with the previous session’s close of 7.39% after
trading in a range of 7.38% to 7.43%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,551 crore (gross) on May 7, 2019, compared
with Rs. 4,436 crore (gross) as on May 6, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 40,530
crore on May 6, 2019.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on May 6, 2019 compared with borrowings of Rs. 317 crore on
May 3, 2019.
• The Indian rupee marginally declined as gains from dollar sale by foreign
banks we set off by greenback demand from state run banks and private
lenders. The rupee closed at 69.45 a dollar, down 0.06% compared with
the previous close of 69.41.
• The euro was marginally down after Germany’s industrial order data for
Mar 2019 came in below expectations. The euro was last seen trading at
1.1194, down 0.03% compared with the previous close of 1.1197.
• Gold prices rose marginally following renewed tension over U.S.‐China
trade conflict as the U.S. President’s commented on increasing tariffs on
Chinese imports.
• Brent crude prices lowered on concerns over rising trade tension
between the U.S. and China.
• According to IHS Markit survey data, China's private sector expansion
slowed in Apr 2019 while the services sector growth rose marginally. The
Caixin composite output index fell to 52.7 in Apr from 52.9 in Mar 2019.
Any reading above 50 indicates expansion in the private sector. The
services Purchasing Managers' Index, or PMI, rose to 54.5 from 54.4 a
month ago. The score was forecast to fall. This is the highest reading since
Jan 2018.
• The People's Bank of China has announced reduction in the required
reserve ratio for some small and medium‐sized banks. The move will take
effect on May 15, a state‐run news agency reported, citing the central
bank. The RRR cut free up about 280 billion yuan, or $41 billion, that can
be given as loans to private small businesses struggling amid the wider
economic slowdown, the bank said.
MarketsforYou
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