13 May 2019
Markets for You
Global Indices
Global Indices 10-May Prev_Day Abs. Change
% Change
#
Dow Jones 25,942 25,828 114 0.44
Nasdaq 7,917 7,911 6 0.08
FTSE 7,203 7,207 -4 -0.06
Nikkei 21,345 21,402 -57 -0.27
Hang Seng 28,550 28,311 239 0.84
Indian Indices 10-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,463 37,559 -96 -0.26
Nifty 50 11,279 11,302 -23 -0.20
Nifty 100 11,392 11,416 -24 -0.21
Nifty Bank 29,041 28,885 156 0.54
SGX Nifty 11,317 11,317 0 0.00
S&P BSE Power 1,890 1,898 -8 -0.42
S&P BSE Small Cap 14,106 14,076 29 0.21
S&P BSE HC 13,797 13,818 -21 -0.15
Date P/E Div. Yield P/E Div. Yield
10-May 28.44 1.23 28.14 1.17
Month Ago 28.17 1.13 28.91 1.14
Year Ago 23.45 1.15 26.60 1.20
Nifty 50 Top 3 Gainers
Company 10-May Prev_Day
% Change
#
Zee Ente. 371 358 3.72
SBI 308 299 2.92
Bharti Airtel 324 315 2.74
Nifty 50 Top 3 Losers Domestic News
Company 10-May Prev_Day
% Change
#
Tata Steel 487 519 -6.23
HCL Tech 1087 1137 -4.39
Yes Bank 164 170 -3.79
Advance Decline Ratio
BSE NSE
Advances 1186 861
Declines 1307 899
Unchanged 159 134
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 69476
MF Flows** -1207
*10
th
May 2019; **8
th
May 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.86%
(Mar-19)
4.28%
(Mar-18)
IIP
-0.10%
(Mar-19)
5.30%
(Mar-18)
GDP
6.60%
(Dec-18)
7.70%
(Dec-17)
13 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
2.50%
(Dec-18)
7.00%
(Sep-18)
Quarter Ago
Inflow/Outflow
457
-549
2.11%
(Dec-18)
• Indian equity markets fell for the eighth consecutive session after U.S.
went ahead and increased tariff on Chinese imports worth $200 billion.
This came even as the two sides sat for talks in the two-day meeting being
held in the U.S. Investors are hoping that some positive news will come
from the meeting that ends on May 10, 2019. Also, markets had to deal
with a weak set of earnings.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.26% and
0.20%, respectively, to close at 37,462.99 and 11,278.90, respectively. S&P
BSE Mid-Cap and S&P BSE Small Cap gained 0.24% and 0.21%,
respectively.
• On the BSE sectoral front, S&P BSE Consumer Durables was the major
gainer, up 1.51%, followed by S&P BSE Telecom and S&P BSE Bankex, up
0.83% and 0.43%, respectively. S&P BSE Finance and S&P BSE Consumer
Discretionary Goods & Services rose 0.4% and 0.24%, respectively. S&P
BSE Metal was the major loser, down 1.54%, followed by S&P BSE
Information Technology and S&P BSE Oil & Gas, down 1.13% and 0.98%,
respectively.
• Government data showed that India’s Index of Industrial Production (IIP)
growth fell 0.1% YoY in Mar 2019 as against a growth of 0.1% in Feb 2019
and 5.3% in Mar 2018. The downside reflects fall in the manufacturing
sector. The manufacturing sector dropped 0.4% in Mar 2019 compared
with a rise of 5.7% a year ago. Cumulatively, during Apr 2018 to Mar 2019
industrial production increased 3.6%, slower than 4.4% growth in the
same period of the previous year.
• Bottling companies and distributors of certain FMCG and consumer
durable firms have come under the scanner of the Goods and Services Tax
(GST) authorities because of alleged post-sale discounts offered by
manufacturers, media reports said. The authorities have asked why GST
was not paid on these discounts, treating them as services by distributors.
In some cases, authorities have sought sales details for the past five years
from distributors.
• A member of Prime Minister’s Economic Advisory Council (PMEAC) has
said that India may be nearing a structural slowdown. The economy may
soon get caught in the ‘middle income trap’ just like Brazil and South
Africa, he said. India’s growth story that has been mainly driven by
consumption and not exports since 1991 has finally begun to stagnate, he
added. The 100 million consumers fuelling the consumption have now
started to level. Such a phenomenon is called middle-income trap in the
economic parlance.
• Fortis Healthcare Ltd could approach the Delhi High court to recover Rs.
403 crore, which was allegedly siphoned off from Fortis by its former
promoters, media reports said. The move follows an order dated Oct 17 by
the Securities and Exchange Board of India (SEBI) that directed Fortis to
take necessary action to recover Rs. 403 crore along with due interest
from the former promoters, Malvinder and Shivinder Singh, and various
promoter companies within 90 days. • Larsen and Toubro Ltd (L&T) has
bought more shares of Mindtree Ltd to raise its total ownership in the
software services firm to 26%, media reports said. With this, L&T has
crossed the 25% mark that ensures L&T gets a board seat and the power
to propose or block special resolutions.
• Asian equity markets ended mostly high as investors took the U.S.’
decision to increase tariffs on $200 billion worth of Chinese goods in
stride. Investors are hoping the two countries will be able to manage a
truce to save the negotiation process. Today (as of May 13), Asian markets
opened on a lower note on uncertainty over the U.S. and China trade
front. Nikkei fell 0.59% (as at 8.a.m. IST). Hangseng remained closed.
• As per the last close, European markets closed higher despite U.S. hiking
duties on Chinese products. Gains in a metal major on reports that the
company is considering partial listing of its elevator business boosted the
indices. Encouraging economic data from Germany and the U.K. added to
the gains.
• As per the last close, U.S markets closed on a higher note on reports that
U.S. has stated that the conversations with China will continue and his
relationship with China’s President remains strong. The markets had
initially come under pressure on renewed concerns about the impact of a
U.S. and China trade war after U.S. raised tariffs on Chinese imports.
Markets for You
FII Derivative Trade Statistics 10-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 3244.57 5312.93 19968.20
Index Options 358547.32 356500.44 57132.65
Stock Futures 10676.94 11628.71 83419.33
Stock Options 4140.01 4299.99 6263.62
Total 376608.84 377742.07 166783.80
10-May Prev_Day
Change
Put Call Ratio (OI) 1.30 1.02 0.28
Indian Debt Market
Put Call Ratio(Vol) 0.88 0.78 0.10
10-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.95% 6.03% 5.99% 5.89%
T-Repo 5.96% 5.83% 5.94% 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% 6.44% 6.27% 6.26%
364 Day T-Bill 6.50% 6.51% 6.39% 6.64%
10 Year Gilt 7.41% 7.39% 7.37% 7.72%
G-Sec Vol. (Rs.Cr) 25102 29579 34345 14375
Currency Market Update
FBIL MIBOR 6.07% 6.21% 6.05% 6.05%
3 Month CP Rate 7.70% 7.70% 6.95% 7.95%
5 Year Corp Bond 8.54% 8.48% 8.46% 8.49%
1 Month CD Rate 6.78% 7.03% 6.73% 6.68%
3 Month CD Rate 7.29% 7.23% 6.82% 7.10%
1 Year CD Rate 7.63% 7.64% 7.25% 7.94%
Commodity Market Update
Currency 10-May Prev_Day
Change
USD/INR 69.92 69.87 0.05
GBP/INR 90.93 90.99 -0.06
EURO/INR 78.49 78.25 0.24
International News
JPY/INR 0.64 0.64 0.00
Commodity 10-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 61.60 61.93 64.57 71.31
Brent Crude($/bl) 72.07 72.09 72.27 78.58
Gold( $/oz) 1286 1279 1308 1321
Gold(Rs./10 gm) 31751 31220 31907 31261
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
13 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 11,307.20, a premium of 28.30 points,
above the spot closing of 11,278.90. The turnover on NSE’s Futures and
Options segment declined to Rs. 6,73,089.52 crore on May 10, 2019,
compared with Rs. 21,48,919.95 crore on May 9, 2019.
• The Put-Call ratio stood at 0.87 compared with the previous session’s
close of 0.71.
• The Nifty Put-Call ratio stood at 1.30 compared with the previous
session’s close of 1.02.
• Open interest on Nifty Futures stood at 18.25 million as against the
previous session’s close at 19.22 million.
• Bond yields rose with surge in crude oil prices, which raised inflationary
concerns. Besides, market participants are awaiting the outcome of the
two-day trade discussion between U.S. and China to take further cues.
• Yield on the 10-year benchmark paper (7.26% GS 2029) rose 1 bps to
7.41% compared with the previous session’s close of 7.40% after trading
in a range of 7.40% to 7.43%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 5,621 crore (gross) on May 10, 2019, compared
with Rs. 16,461 crore (gross) as on May 9, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 12,447
crore on May 9, 2019.
• Banks borrowed Rs. 385 crore under the central bank’s Marginal
Standing Facility on May 9, 2019 compared with borrowings of Rs. 50
crore on May 8, 2019.
• The Indian rupee was marginally higher against the greenback on likely
inflows from corporates. The rupee closed at 69.91 a dollar, up 0.04%
compared with the previous close of 69.94.
• The euro moved up against the greenback on anticipation that the U.S.
Federal Reserve may resort to a rate cut following the economy’s
escalated trade conflict with China. The euro was last seen trading at
1.1228, up 0.07% compared with the previous close of 1.1220.
• Gold prices were steady to marginally higher as investors await the
outcome of the two-day trade discussion between U.S. and China at
Washington.
• Brent crude prices surged on optimism over U.S-China trade talks.
• A Commerce Department report showed an unexpectedly modest
decrease in U.S. wholesale inventories in Mar 2019. Wholesale
inventories went down 0.1% in Mar after climbing 0.4% in Feb 2019. The
slight drop in wholesale inventories came as inventories of non-durable
goods slid 0.6%.
• A Labor Department report showed first-time claims for U.S.
unemployment benefits pulled back by less than expected in the week
ended May 4, 2019. The report said initial jobless claims dipped to
228,000, a decrease of 2,000 from the previous week's 230,000.
Meanwhile, the Labor Department said the less volatile four-week moving
average rose to 220,250, an increase of 7,750 from the previous week's
unrevised average of 212,500.
Markets for You
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