15 May 2019
Markets for You
Global Indices
Global Indices 14-May Prev_Day Abs. Change
% Change
#
Dow Jones 25,532 25,325 207 0.82
Nasdaq 7,734 7,647 87 1.14
FTSE 7,242 7,164 78 1.09
Nikkei 21,067 21,191 -124 -0.59
Hang Seng 28,122 28,550 -428 -1.50
Indian Indices 14-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,319 37,091 228 0.61
Nifty 50 11,222 11,148 74 0.66
Nifty 100 11,318 11,250 68 0.61
Nifty Bank 28,829 28,660 169 0.59
SGX Nifty 11,253 11,118 135 1.21
S&P BSE Power 1,867 1,844 23 1.23
S&P BSE Small Cap 13,844 13,802 42 0.30
S&P BSE HC 13,452 13,310 142 1.07
Date P/E Div. Yield P/E Div. Yield
14-May 27.42 1.25 27.98 1.17
Month Ago 28.18 1.12 29.06 1.13
Year Ago 24.17 1.14 26.82 1.19
Nifty 50 Top 3 Gainers
Company 14-May Prev_Day
% Change
#
Indiabulls HFC 697 659 5.76
Bharti Airtel 337 319 5.63
Sun Pharma 419 398 5.36
Nifty 50 Top 3 Losers Domestic News
Company 14-May Prev_Day
% Change
#
Tech Mahindra 790 817 -3.33
TCS 2092 2129 -1.71
Bajaj Finance 2882 2932 -1.71
Advance Decline Ratio
BSE NSE
Advances 1193 859
Declines 1325 963
Unchanged 123 95
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 67275
MF Flows** 691
*14
th
May 2019; **10
th
May 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.92%
(Apr-19)
4.58%
(Apr-18)
IIP
-0.10%
(Mar-19)
5.30%
(Mar-18)
GDP
6.60%
(Dec-18)
7.70%
(Dec-17)
15 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
1246
-953
2.11%
(Dec-18)
• India’s Wholesale Price Index (WPI) - based inflation slowed down to
3.07% in April 2019 from 3.18% in Mar 2019 and 3.62% in Apr 2018. Fuel
and power inflation came in at 3.84% in Apr 2019 as against 5.41% in Mar
2019. Inflation for manufactured products came in at 1.72% as against
2.16% in the previous month. Meanwhile, food articles inflation came in at
7.37% in Apr 2019 as against 5.68% in Mar 2019.
• According to the media reports, an official stated that exporters of goods
and services and suppliers to SEZ units would likely receive the goods and
service tax (GST) refunds automatically from Jun 2019. This comes as the
revenue department plans to bring in faceless scrutiny of refunds and
faster claim settlement. Currently, only exporters who have paid
Integrated Goods and Services Tax (IGST) while exporting goods have the
facility of automatic refund.
• According to the media reports, the U.S. Department of Agriculture
attache in New Delhi has stated that Indian sugar production is expected
to fall 8.4% in 2019-20 from the record-large 30.3 million tonnes in 2018-
19. The decline is expected to come as the harvest area has come down
that has subsequently lowered the average sugar recovery rate.
• According to the media reports, the government is set to review
investments by central public sector enterprises (CPSEs) in state-level
entities. This comes as part of a restructuring exercise to confirm that
these CPSEs are not burdened with unrelated ventures or loss-making
firms.
• ITC Ltd.’s net profit increased 18.72% for the Mar 2019 quarter to Rs.
3,482 crore compared with Rs. 2932 crore in the same quarter of the
previous year. Revenue for the quarter was Rs. 12,206 crore compared
with Rs. 10,586.80 crore in the year-ago period. ITC has appointed Sanjiv
Puri as the new chairman of the company with immediate effect after
chairman Y C Deveshwar passed away on May 11, 2019.
• UCO Bank’s net loss has narrowed to Rs. 1,552.02 crore in the Mar 2019
quarter compared with a net loss of Rs. 2,134.36 crore during the
corresponding quarter of FY18. The bank is grappling with persistent high
levels of bad loan ratio.
Markets for You
• Asian equity markets were mostly down after China announced its
counter steps to U.S. increasing tariff on Chinese imports worth $200
billion. China on its part put tariffs on around $60 billion of U.S. goods.
U.S. could increase tariffs on another $300 billion Chinese imports as the
country is laying the ground for it. Today (as of May 15), Asian markets
opened mostly higher as they partially recovered from losses earlier this
week on escalating tensions between U.S. and China. Investors await
China’s industrial production data for Apr 2019 due later in the day.
Hangseng rose 0.54% while Nikkei fell 0.11% (as at 8.a.m. IST).
• As per the last close, European markets closed on a higher note amid
bargain hunting. Further, investors remained optimistic that the U.S. and
China will finally work out a way to end their trade dispute.
• As per the last close, U.S markets closed almost higher amid bargain
hunting following the sell-off seen in the previous session. Optimism that
U.S. and China will eventually reach a trade deal despite the retaliatory
tariffs announced by China, boosted market sentiment. Gains in oil,
semiconductor and tobacco stocks boosted the indices.
• Indian equity markets gained after nine straight sessions of fall. The
thrust came from the release of Apr 2019 inflation data, showing retail
price rises remain well below the Reserve Bank of India’s medium target.
The inflation level has raised interest rate-cut expectations.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.61% and
0.66%, respectively, to close at 37,318.53 and 11,222.05, respectively. S&P
BSE Mid-Cap and S&P BSE Small Cap gained 0.62% and 0.30%,
respectively.
• The overall market breadth on BSE was weak with 1220 scrips advancing
and 1287 scrips declining. A total of 134 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Telecom was the major gainer, up
2.81%, followed by S&P BSE Energy and S&P BSE Capital Goods, up 1.66%
and 1.46%, respectively. S&P BSE Utilities and S&P BSE Oil & Gas gained
1.29% and 1.24%, respectively. Only two sectors lost, S&P BSE Information
Technology was the major loser, down 1.23%, followed by S&P BSE Teck,
down 0.76%.
FII Derivative Trade Statistics 14-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 2550.37 2688.05 19040.52
Index Options 126546.30 127454.30 62724.75
Stock Futures 12706.88 12520.57 84140.28
Stock Options 4824.46 4831.53 6581.58
Total 146628.01 147494.45 172487.13
14-May Prev_Day
Change
Put Call Ratio (OI) 1.28 1.18 0.10
Indian Debt Market
Put Call Ratio(Vol) 0.86 0.81 0.06
14-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.91% 5.94% 6.05% 5.91%
T-Repo 5.84% 5.81% 6.00% NA
Repo 6.00% 6.00% 6.00% 6.00%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.34% 6.43% 6.28% 6.12%
364 Day T-Bill 6.46% 6.49% 6.36% 6.56%
10 Year Gilt 7.38% 7.38% 7.41% 7.83%
G-Sec Vol. (Rs.Cr) 56075 37555 31676 21083
Currency Market Update
FBIL MIBOR* 6.05% 6.09% 6.10% 6.03%
3 Month CP Rate 7.50% 7.80% 7.00% 7.95%
5 Year Corp Bond 8.52% 8.50% 8.48% 8.52%
1 Month CD Rate 6.85% 6.88% 6.89% 6.61%
3 Month CD Rate 7.41% 7.22% 6.77% 7.41%
1 Year CD Rate 7.54% 7.44% 7.17% 7.89%
Commodity Market Update
Currency 13-May Prev_Day
Change
USD/INR 70.26 69.92 0.48
GBP/INR 91.44 90.93 0.56
EURO/INR 78.92 78.49 0.55
International News
JPY/INR 0.64 0.64 0.50
Commodity 14-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 61.77 61.36 63.81 70.96
Brent Crude($/bl) 73.52 70.87 72.21 79.16
Gold( $/oz) 1297 1284 1290 1312
Gold(Rs./10 gm) 32245 31496 31673 31427
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
15 May 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields eased on expectations of a rate cut in the upcoming policy
meeting in Jun 2019. Speculations of rate cut were boosted by India’s
retail inflation of 2.92% for Apr 2019, which came in much below the
central bank’s target of 4%.
• 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 7.34% to 7.39%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,416 crore (gross) on May 14, 2019, compared
with Rs. 7,666 crore (gross) as on May 13, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 20,221
crore on May 13, 2019.
• Banks borrowed Rs. 52 crore under the central bank’s Marginal
Standing Facility on May 13, 2019 compared with borrowings of Rs. 66
crore on May 10, 2019.
• According to the Organisation for Economic Co-operation and
Development (OECD), the composite leading indicator made to forestall
turning points in economic activity suggested easing growth momentum
in most major economies. The leading indicator fell to 99.0 in Mar 2019
from 99.1 in Feb 2019.
• The Office for National Statistics said U.K. jobless rate declined in the
first quarter to the lowest since 1974, signaling continuing firming of the
labor market. The ILO jobless rate came in at 3.8% in the first quarter,
while the rate was expected to remain unchanged at 3.9%. The rate has
not been lower since last quarter of 1974. In the three months to Mar
2019, the number of people who were unemployed decreased by 65,000
to 1.3 million.
Markets for You
• Nifty May 2019 Futures were at 11,241.65, a premium of 19.60 points,
above the spot closing of 11,222.05. The turnover on NSE’s Futures and
Options segment rose to Rs. 10,68,438.44 crore on May 14, 2019,
compared with Rs. 7,20,742.67 crore on May 13, 2019.
• The Put-Call ratio stood at 0.85 compared with previous close of 0.83.
• The Nifty Put-Call ratio stood at 1.28 compared with previous session’s
close of 1.18.
• India VIX declined 1.70% to 26.9150 compared with 27.3825 at previous
session.
• Open interest on Nifty Futures stood at 17.85 million as against previous
close at 18.41 million.
• The Indian rupee appreciated against the greenback, aided by the
recovery in the domestic equity market. The rupee closed at 70.46 a
dollar, up 0.10% compared with the previous close of 70.53.
• The euro was marginally higher against the greenback after the U.S.
President expressed optimism on resolving trade difference with China.
Both the economies struck a placatory tone on their trade negotiations.
The euro was last seen trading at 1.1232, up 0.05% compared with the
previous session’s close of 1.1223.
• Gold prices moved down after the U.S. President showed hopes in
resolving the trade tension with China.
• Brent crude prices were marginally higher on reports of escalating
geopolitical tension in the Middle East after Saudi Arabia reported an
attack on two of its oil tankers.
Thank you for
your time.
