17 May 2019
Markets for You
Global Indices
Global Indices 16-May Prev_Day Abs. Change
% Change
#
Dow Jones 25,863 25,648 215 0.84
Nasdaq 7,898 7,822 76 0.97
FTSE 7,354 7,297 57 0.78
Nikkei 21,063 21,189 -126 -0.59
Hang Seng 28,275 28,269 6 0.02
Indian Indices 16-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,393 37,115 279 0.75
Nifty 50 11,257 11,157 100 0.90
Nifty 100 11,342 11,254 88 0.78
Nifty Bank 28,855 28,616 239 0.83
SGX Nifty 11,301 11,142 159 1.43
S&P BSE Power 1,862 1,838 24 1.33
S&P BSE Small Cap 13,817 13,782 35 0.25
S&P BSE HC 13,334 13,351 -17 -0.13
Date P/E Div. Yield P/E Div. Yield
16-May 27.54 1.25 28.07 1.17
Month Ago 28.32 1.11 29.42 1.12
Year Ago 23.91 1.16 26.66 1.19
Nifty 50 Top 3 Gainers
Company 16-May Prev_Day
% Change
#
Zee Ente. 346 322 7.24
HPCL 281 267 5.12
BPCL 376 360 4.45
Nifty 50 Top 3 Losers Domestic News
Company 16-May Prev_Day
% Change
#
Yes Bank 138 143 -3.64
Bharti Airtel 325 331 -1.83
IndusInd Bank 1358 1379 -1.51
Advance Decline Ratio
BSE NSE
Advances 1124 846
Declines 1360 959
Unchanged 141 91
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 64269
MF Flows** 3901
*16
th
May 2019; **15
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)
17 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
302
-1048
2.11%
(Dec-18)
• The Reserve Bank of India (RBI) has laid out a list of 12 objectives,
including four-fold increase in digital payments, reduction in paper-based
transactions, improved pricing, better customer grievance redressal
mechanisms and establishment of new payment system operators (PSO),
in Payment and Settlement System in India Vision 2019-21. RBI aims to
achieve these in the next three years. The document published by the
central bank has put forward a comprehensive roadmap of initiatives to
be undertaken by all stakeholders and governing bodies to ensure the
successful completion of these objectives in this time.
• According to RBI data, India's services imports in Mar 2019 grew 10.55%
to $11.37 billion. The trade balance in services for the month under review
is estimated at $6.58 billion.
• As per media reports, the Central Electricity Authority (CEA) expects
electricity generation from conventional power sources to rise 6.4% YoY to
1,330 billion units (BU) in FY20. Conventional power sources comprise 80%
of the total production capacity. Thermal, nuclear and hydro power plants
generated 1,249 BU in FY19, recording an annual growth of 3.6%.
• JSW Energy’s net profit of Rs. 5.79 crore for the Mar 2019 quarter. The
power generation business of the Sajjan Jindal-promoted JSW Group had
posted a loss of Rs. 480.05 crore in the same period last year. Revenue
from operations rose 8.4% over the same period to Rs. 1924.58 crore with
consolidated plant load factors (PLF) at 54%, against 51.9% in the year-ago
period.
• Bajaj Finance’s consolidated net profit increased 57% to Rs. 1,176.06
crore for the quarter ended Mar 2019. The consolidated results of Bajaj
Finance include its wholly-owned subsidiaries – Bajaj Housing Finance and
Bajaj Financial Securities. Bajaj Finance posted a net interest income of Rs.
3,395 crore in Q4FY19, up 50% YoY.
• Hindalco Industries reported a 37.4% decline in standalone profit to Rs.
235.82 crore for the quarter ended Mar 31. The Aditya Birla Group
flagship firm had posted a standalone profit of Rs. 376.97 crore in the
year-ago period.
Markets for You
• Indian equity markets managed to gain in a day of volatile trade. Though
global clues were weak, investors found solace in a strong rupee and rate-
cut hopes. Globally, markets were affected by U.S. President declaring
national emergency over threats against American technology.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.75% and
0.90%, respectively, to close at 37,393.48 and 11,257.10, respectively. S&P
BSE Mid-Cap and S&P BSE Small Cap gained 0.27% and 0.25%,
respectively.
• The overall market breadth on BSE was weak with 1124 scrips advancing
and 1360 scrips declining. A total of 141 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Oil & Gas was the major gainer, up
1.53%, followed by S&P BSE Basic Materials and S&P BSE Realty, up 1.52%
and 1.34%, respectively. S&P BSE Metal and S&P BSE Power gained 1.33%
each. S&P BSE Telecom was the major loser, down 1.15%, followed by S&P
BSE Healthcare and S&P BSE Fast Moving Consumer Goods, down 0.13%
and 0.02%, respectively.
• Asian equity markets ended mixed on trade war worries. On the one
hand there are fears of a full-fledged trade war between the U.S. and
China, on the other there were reports stating U.S. President plans to
delay imposing tariffs on auto imports by up to six months so that
negotiations can continue. Adding to the mixed reaction was U.S.
President declaring national emergency over threats against American
technology. Today (as of May 17), Asian markets opened higher following
gains in U.S. Wall Street. Both Nikkei and Hang Seng were trading up
1.18% and 0.54%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed higher following ease in
trade tensions after U.S. President plans to delay the implementation of
auto tariffs on European car imports.
• As per the last close, U.S markets closed higher following strong
corporate earnings. Upbeat U.S. economic data further boosted the
markets. However, gains were capped after a national emergency was
declared by the U.S. President with respect to the threats against
information and communications technology and services.
FII Derivative Trade Statistics 16-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 3766.10 3490.26 17334.34
Index Options 271015.36 272912.61 65833.92
Stock Futures 13426.01 13113.75 84671.35
Stock Options 4274.65 4622.91 6924.14
Total 292482.12 294139.53 174763.75
16-May Prev_Day
Change
Put Call Ratio (OI) 1.35 1.14 0.21
Indian Debt Market
Put Call Ratio(Vol) 0.84 0.86 -0.01
16-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.96% 5.98% 6.04% 5.89%
T-Repo 5.91% 5.97% 5.96% NA
Repo 6.00% 6.00% 6.00% 6.00%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.33% 6.43% 6.33% 6.32%
364 Day T-Bill 6.40% 6.51% 6.40% 6.74%
10 Year Gilt 7.38% 7.40% 7.39% 7.90%
G-Sec Vol. (Rs.Cr) 27744 27633 25688 17636
Currency Market Update
FBIL MIBOR* 6.05% 6.05% 6.10% 6.05%
3 Month CP Rate 7.45% 7.70% 7.00% 8.00%
5 Year Corp Bond 8.41% 8.55% 8.52% 8.59%
1 Month CD Rate 6.76% 6.92% 6.72% 6.66%
3 Month CD Rate 7.08% 7.27% 6.85% 7.33%
1 Year CD Rate 7.52% 7.53% 7.50% 8.07%
Commodity Market Update
Currency 15-May Prev_Day
Change
USD/INR 70.21 70.42 -0.30
GBP/INR 90.63 91.21 -0.64
EURO/INR 78.69 79.15 -0.59
International News
JPY/INR 0.64 0.64 -0.37
Commodity 16-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 62.88 61.53 63.96 71.38
Brent Crude($/bl) 75.69 70.66 71.38 79.18
Gold( $/oz) 1286 1284 1276 1290
Gold(Rs./10 gm) 32051 31730 31641 30954
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
17 May 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields remained unchanged amid the country’s ongoing general
elections. Market participants have reduced activities and are awaiting
the poll’s results, which is due on May 23, 2019.
• Yield on the 10-year benchmark paper (7.26% GS 2029) closed
unchanged at 7.38% after trading in a range of 7.37% to 7.41%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 6,136 crore (gross) on May 16, 2019, compared
with Rs. 11,491 crore (gross) as on May 15, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 12,701
crore on May 15, 2019.
• Banks borrowed Rs. 182 crore under the central bank’s Marginal
Standing Facility on May 15, 2019 compared with no borrowings on May
14, 2019.
• A Commerce Department report showed an unexpected drop in U.S.
retail sales in Apr 2019. Retail sales edged down 0.2% in Apr after
increasing 1.7% in Mar 2019. The unexpected pullback in retail sales came
as sales by motor vehicle and parts dealers slumped by 1.1% in Apr after
soaring 3.2% in Mar.
• Federal Reserve Bank of New York report said New York manufacturing
activity picked up significantly in May 2019. The New York Fed said its
general business conditions index jumped to 17.8 in May from 10.1 in Apr
2019, with a positive reading indicating growth in regional manufacturing
activity.
Markets for You
• Nifty May 2019 Futures were at 11,285.25, a premium of 28.15 points,
above the spot closing of 11,257.10. The turnover on NSE’s Futures and
Options segment rose to Rs. 19,86,219.46 crore on May 16, 2019,
compared with Rs. 12,53,354.99 crore on May 15, 2019.
• The Put-Call ratio stood at 0.72 compared with the previous session’s
close of 0.90.
• The Nifty Put-Call ratio stood at 1.35 compared with the previous
session’s close of 1.14.
• Open interest on Nifty Futures stood at 17.57 million as against the
previous session’s close at 17.42 million.
• The Indian rupee surged following greenback sales by foreign banks
possibly on behalf of their corporate clients. The rupee closed at 70.03 a
dollar, up 0.44% compared with the previous close of 70.34.
• The euro was marginally up after the U.S. officials said to expect a delay
in U.S. tariffs on European autos. However, the single currency’s upside
was almost nullified by the anxiety over the upcoming European
parliamentary elections. The euro was last seen trading at 1.1203, up
0.03% compared with the previous session’s close of 1.1200.
• Gold prices were marginally down amid rally in the stock market and the
U.S. dollar following the U.S.-China trade development.
• Brent crude prices moved up on escalating geopolitical tension in the
Middle East over the attack on Saudi Arabian oil tankers and pipelines.
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