16 May 2019
Markets for You
Global Indices
Global Indices 15-May Prev_Day Abs. Change
% Change
Dow Jones 25,648 25,532 116 0.45
Nasdaq 7,822 7,734 88 1.13
FTSE 7,297 7,242 55 0.76
Nikkei 21,189 21,067 121 0.58
Hang Seng 28,269 28,122 147 0.52
Indian Indices 15-May Prev_Day Abs. Change
% Change
S&P BSE Sensex 37,115 37,319 -204 -0.55
Nifty 50 11,157 11,222 -65 -0.58
Nifty 100 11,254 11,318 -64 -0.57
Nifty Bank 28,616 28,829 -213 -0.74
SGX Nifty 11,142 11,253 -111 -0.99
S&P BSE Power 1,838 1,867 -29 -1.56
S&P BSE Small Cap 13,782 13,844 -62 -0.45
S&P BSE HC 13,351 13,452 -102 -0.76
Date P/E Div. Yield P/E Div. Yield
15-May 27.20 1.25 27.82 1.18
Month Ago 28.20 1.12 29.18 1.13
Year Ago 24.02 1.15 26.81 1.19
Nifty 50 Top 3 Gainers
Company 15-May Prev_Day
% Change
Bajaj Finance 3003 2882 4.20
Eicher Motors 19998 19231 3.99
United Phos 970 955 1.51
Nifty 50 Top 3 Losers Domestic News
Company 15-May Prev_Day
% Change
Yes Bank 143 156 -8.28
Tata Motors 169 185 -8.16
Zee Ente. 322 346 -6.92
Advance Decline Ratio
Advances 983 657
Declines 1583 1159
Unchanged 177 95
Institutional Flows (Equity)
Description (Cr)
FII Flows* 65317
MF Flows** 3598
May 2019; **14
May 2019
Economic Indicator
YoY(%) Current Year Ago
16 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
Quarter Ago
According to data from the government, trade deficit for Apr widened to
$15.33 billion with merchandise exports coming in at $26.07 billion and
imports stood at $41.4 billion. Growth in exports slid to 0.64% in Apr as
shipments of engineering goods, gems and jewellery, leather and other
products declined. Meanwhile, imports increased by 4.5 %, the highest
growth in the last six months as crude oil and gold shipments shot up in
the month.
According to the India Meteorological Department (IMD), monsoon
could be delayed as its arrival is expected to be on Jun 6, which is five days
after its normal onset date, media reports said. The normal onset date for
monsoon over Kerala is Jun 1, which also marks the official
commencement of the four-month rainfall season. This year, IMD and
private weather agency Skymet have given similar predictions. The Skymet
had said that the monsoon would hit the Kerala coast on Jun 4.
The government could soon decide on whether to officially share the
U.S. dollar-rupee reference rate with overseas exchanges, fund houses,
corporates and banks. The benchmark rate is used to settle millions of
trades and currency derivative contracts in India and abroad. Financial
Benchmark India Pvt Ltd (FBIL), which is mandated by the Reserve Bank of
India, is the independent benchmark administrator for interest and
foreign exchange rates. The agency authorised to set the benchmark
exchange rate has recently started announcing the rate with a day’s lag
allowing only registered users to access information on the same day.
Lupin’s fourth quarter profit came in at Rs. 289.6 crore. The drug maker
had posted Rs. 783.5 crore loss in the same quarter of the previous year.
Revenues for Q4 increased to Rs. 4,406.3 crore compared with Rs. 4,033.8
crore in the year-ago quarter.
Nestle India’s net profit increased 9.2% for the quarter ended Mar 31,
2019, at Rs. 463.2 crore compared with Rs. 424 crore in the year-ago
period. Revenue from operations were up 9% for the quarter at Rs. 3003
crore, up from Rs. 2757.24 crore in the corresponding year.
Markets for You
Asian equity markets recovered from three-and-half-month lows after
the U.S. President said discussions between China will continue. Also,
investors sentiment was boosted by hopes that Beijing could increase
stimulus to support the economy. Today (as of May 16), Asian markets
opened almost on a lower note despite positive development on global
trade front. Reports showing some weak economic data from U.S. and
China last day likely weighed on the indices. Hangseng and Nikkei fell
0.67% and 1.05%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed almost higher following
reports that U.S. President plans to delay the implementation of auto
tariffs on European car imports. Eurozone's strong GDP data for Q119
boosted market sentiment. However, China's weak industrial production
data for Apr 2019 restricted the gains.
As per the last close, U.S markets closed almost higher on positive
reaction to reports that U.S. President plans to delay the imposition of
steep tariffs on auto imports. However, unexpected decline in U.S. retail
sales and industrial production in Apr 2019 restricted the gains.
Indian equity markets fell as investors stayed on the side lines before the
outcome of the general elections next week. The results are scheduled to
be announced on May 23, 2019. Also, trade tensions between the U.S. and
China have kept investors on the edge.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.55% and
0.58%, respectively, to close at 37,114.88 and 11,157.00, respectively. S&P
BSE Mid-Cap and S&P BSE Small Cap lost 0.67% and 0.45%, respectively.
The overall market breadth on BSE was weak with 983 scrips advancing
and 1583 scrips declining. A total of 177 scrips remained unchanged.
On the BSE sectoral front, only three sectors gained. S&P BSE Realty was
the major gainer, up 0.24%, followed by S&P BSE Information Technology
and S&P BSE Fast Moving Consumer Goods, up 0.12% and 0.1%,
respectively. S&P BSE Metal was the major loser, down 2.08%, followed by
S&P BSE Telecom and S&P BSE Utilities, down 1.96% and 1.69%,
FII Derivative Trade Statistics 15-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 4063.87 4765.93 18089.35
Index Options 215946.78 217503.45 64747.65
Stock Futures 14141.21 13731.72 84846.91
Stock Options 5166.40 5140.30 6812.62
Total 239318.26 241141.40 174496.53
15-May Prev_Day
Put Call Ratio (OI) 1.14 1.28 -0.14
Indian Debt Market
Put Call Ratio(Vol) 0.86 0.86 -0.01
15-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.95% 5.96% 6.05% 5.87%
T-Repo 5.88% 5.84% 5.93% NA
Repo 6.00% 6.00% 6.00% 6.00%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.40% 6.43% 6.28% 6.18%
364 Day T-Bill 6.43% 6.50% 6.37% 6.72%
10 Year Gilt 7.38% 7.38% 7.39% 7.90%
G-Sec Vol. (Rs.Cr) 35854 33174 29925 27501
Currency Market Update
FBIL MIBOR* 6.05% 6.05% 6.10% 6.01%
3 Month CP Rate 7.50% 7.80% 7.00% 8.00%
5 Year Corp Bond 8.49% 8.46% 8.52% 8.57%
1 Month CD Rate 6.82% 6.85% 6.88% 6.62%
3 Month CD Rate 7.16% 7.06% 6.77% 7.45%
1 Year CD Rate 7.52% 7.54% 7.49% 7.90%
Commodity Market Update
Currency 14-May Prev_Day
USD/INR 70.42 70.26 0.23
GBP/INR 91.21 91.44 -0.24
EURO/INR 79.15 78.92 0.29
International News
JPY/INR 0.64 0.64 0.33
Commodity 15-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 61.98 62.08 63.38 71.29
Brent Crude($/bl) 74.08 71.53 71.54 79.93
Gold( $/oz) 1296 1281 1288 1290
Gold(Rs./10 gm) 32243 31776 31574 31342
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
16 May 2019
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields fell initially after the Reserve Bank of India announced to
conduct purchase of the government securities under open market
perations for an aggregate amount of Rs. 12,500 crore. However, gains
were neutralised as market participants preferred to book profits ahead
of the outcome of the general elections.
Yield on the 10-year benchmark paper (7.26% GS 2029) closed
unchanged at 7.38% after trading in a range of 7.36% to 7.38%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 11,491 crore (gross) on May 15, 2019, compared
with Rs. 4,416 crore (gross) as on May 14, 2019.
Banks did not borrow under the central bank’s Marginal Standing
Facility on May 14, 2019 compared with borrowings of Rs. 52 crore on
May 13, 2019.
A Labor Department report showed U.S. import prices rose by much
less than expected in Apr 2019. The Labor Department said import prices
went up 0.2% in Apr after increasing 0.6% in Mar 2019. The uptick in
import prices reflected a continued spike in prices for fuel imports, which
increased 2.5% in Apr after soaring 6.9% in Mar. A 6.1% jump in
petroleum prices drove the increase in fuel prices.
Eurostat figures showed euro zone's quarterly economic growth rate
doubled in the first three months of 2019. This confirmed the initial
estimate released in late Apr 2019. Gross domestic product grew 0.4%
from the fourth quarter of 2018, when the euro area economy expanded
Markets for You
Nifty May 2019 Futures were at 11,177.45, a premium of 20.45 points,
above the spot closing of 11,222.011,157.00. The turnover on NSE’s
Futures and Options segment rose to Rs. 12,53,354.99 crore on May 15,
2019, compared with Rs. 10,68,438.44 crore on May 14, 2019.
The Put-Call ratio stood at 0.90 compared with the previous session’s
close of 0.85.
The Nifty Put-Call ratio stood at 1.14 compared with the previous
session’s close of 1.28.
Open interest on Nifty Futures stood at 17.42 million as against the
previous session’s close at 17.85 million.
The Indian rupee rose against the greenback as concerns over the
ongoing trade tensions between U.S. and China eased to some extent. The
rupee closed at 70.34 a dollar, up 0.14% compared with the previous close
of 70.44.
The euro barely inched up against the greenback and remained under
pressure after China reported weaker growth in retail sales and industrial
output for Apr which fuelled concerns of a slowdown in global growth. The
euro was last seen trading at 1.1212 compared with the previous close of
Gold prices marginally gained on concerns over weak economic activity
in China.
Brent crude prices moved down after data from the American Petroleum
Institute (API) indicated that crude inventories rose by 8.6 million barrels
in the week ending May 10 to 477.8 million,
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