21 May 2019
Markets for You
Global Indices
Global Indices 20-May Prev_Day Abs. Change
% Change
Dow Jones 25,680 25,764 -84 -0.33
Nasdaq 7,702 7,816 -114 -1.46
FTSE 7,311 7,349 -38 -0.51
Nikkei 21,302 21,250 52 0.24
Hang Seng 27,788 27,946 -159 -0.57
Indian Indices 20-May Prev_Day Abs. Change
% Change
S&P BSE Sensex 39,353 37,931 1,422 3.75
Nifty 50 11,828 11,407 421 3.69
Nifty 100 11,904 11,486 418 3.64
Nifty Bank 30,760 29,450 1,310 4.45
SGX Nifty 11,830 11,407 423 3.71
S&P BSE Power 1,945 1,862 82 4.42
S&P BSE Small Cap 14,381 13,887 493 3.55
S&P BSE HC 13,341 13,201 140 1.06
Date P/E Div. Yield P/E Div. Yield
20-May 29.05 1.18 29.48 1.11
Month Ago 28.34 1.12 29.33 1.12
Year Ago 23.49 1.18 26.27 1.21
Nifty 50 Top 3 Gainers
Company 20-May Prev_Day
% Change
Indiabulls HFC 815 723 12.63
Adani Ports & SEZ 400 367 8.99
IndusInd Bank 1495 1374 8.82
Nifty 50 Top 3 Losers Domestic News
Company 20-May Prev_Day
% Change
Dr.Reddy 2589 2745 -5.67
Zee Ente. 363 372 -2.59
Bajaj Auto 3006 3040 -1.11
Advance Decline Ratio
Advances 1998 1516
Declines 631 334
Unchanged 184 85
Institutional Flows (Equity)
Description (Cr)
FII Flows* 62218
MF Flows** 4614
May 2019; **16
May 2019
Economic Indicator
YoY(%) Current Year Ago
21 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
Indian equity markets opened the week by setting new records. The
indices posted highest single-day gains and record closing as exit polls
showed the country is going to get a stable government at the Centre. The
polls suggested that the ruling party will win the elections comfortably.
The results of the general election will be out on May 23.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 3.75% and
3.69%, respectively, to close at 39,352.67 and 11,828.25, respectively. S&P
BSE Mid-Cap and S&P BSE Small Cap gained 3.57% and 3.55%,
The overall market breadth on BSE was strong with 1998 scrips
advancing and 631 scrips declining. A total of 184 scrips remained
On the BSE sectoral front, all the sectors gained. S&P BSE Capital Goods
was the major gainer, up 5.62%, followed by S&P BSE Industrials and S&P
BSE Realty, up 5.57% and 5.47%, respectively. S&P BSE Finance and S&P
BSE Bankex gained 4.81% and 4.68%, respectively. S&P BSE Energy and
S&P BSE Power gained 4.46% and 4.42%, respectively.
India’s gold imports increased 54% to $3.97 billion in Apr 2019, widening
trade deficit and fuelling worries about the current account deficit (CAD),
according to media news. Gold imports stood at $2.58 billion in Apr 2019,
reports cited data from the commerce ministry. Increase in gold imports
have increased trade deficit to a five-month high of $15.33 billion in Apr
2019. The country's current account deficit (CAD) widened to 2.5% of GDP
in the third quarter of the last financial year from 2.1% a year ago,
primarily on account of a higher trade deficit, though the foreign exchange
reserves continued to go up.
The NITI Aayog has made a plan for creating an institutional framework
for artificial intelligence (AI), according to media reports. The department
has circulated a cabinet note to provide Rs. 7,500 crore in funding for
creation of cloud computing platform called AIRAWAT and research
institutes. Reports said the Aayog has already circulated the note for
consideration by the Expenditure Finance Committee, which is expected
to take it up soon.
India could miss its renewable energy target of 175-GW for 2022 by
around 55 GW as many issues remain unresolved. While the Centre issued
around 58.7 GW of RE tenders in FY19 and announced results for 24.5 GW
capacity, tenders for 17.3 GW got cancelled, including 6.5 GW for which
results had been announced. Also, 6.8 GW of tenders for which results
were announced in FY19 were under-subscribed by 4.2 GW. The fiscal saw
RE capacity addition fall to 8.6 GW from 11.8 GW in FY18 compared with
11.3 GW for FY17. As of Mar 31, 2019, India’s RE capacity stood at 77.6
GW, which included 35.3 GW of wind and 28.6 GW of solar capacity. The
fall in capacity addition has been attributed to rising finance costs, tariff
caps and cancellation of project tenders.
Markets for You
Asian equity markets were mixed on persisting trade war worries. This
even overshadowed a surprise election victory by Australia's pro-coal
ruling coalition and positive Japanese GDP data. Investors remained
cautious as media reports stated that Chinese foreign minister has told
U.S. Secretary of State that the two countries would have to negotiate on
an equal footing. Today (as of May 21), Asian markets opened higher amid
rising tensions between the U.S. and China. Both Nikkei and Hang Seng
were trading down 0.58% and 0.42%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed lower after a major U.S.
tech giant’s decision to suspend its businesses with a Chinese company.
This increased the tension between the two countries.
As per the last close, U.S markets closed lower as the trade tensions
increased after a U.S. tech giant decided to suspend its businesses with a
Chinese tech giant.
FII Derivative Trade Statistics 20-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 4442.34 4131.12 18153.58
Index Options 45397.47 46238.37 64830.58
Stock Futures 14476.45 13884.80 87616.15
Stock Options 5548.29 5656.77 7622.34
Total 69864.55 69911.06 178222.65
20-May Prev_Day
Put Call Ratio (OI) 1.29 1.36 -0.07
Indian Debt Market
Put Call Ratio(Vol) 0.79 0.71 0.08
20-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.96% 5.92% 6.08% 5.97%
T-Repo 5.96% 5.89% 5.98% NA
Repo 6.00% 6.00% 6.00% 6.00%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.35% 6.48% 6.32% 6.30%
364 Day T-Bill 6.40% 6.50% 6.44% 6.80%
10 Year Gilt 7.29% 7.39% 7.42% 7.83%
G-Sec Vol. (Rs.Cr) 54331 33866 21140 37693
Currency Market Update
FBIL MIBOR* 6.05% 6.07% 6.09% 6.05%
3 Month CP Rate 7.10% 7.70% 7.00% 8.30%
5 Year Corp Bond 8.28% 8.52% 8.54% 8.55%
1 Month CD Rate 6.82% 6.95% 6.93% 6.90%
3 Month CD Rate 7.13% 7.26% 7.13% 7.70%
1 Year CD Rate 7.54% 7.59% 7.49% 8.14%
Commodity Market Update
Currency 17-May Prev_Day
USD/INR 70.17 70.25 -0.08
GBP/INR 89.73 90.19 -0.47
EURO/INR 78.43 78.72 -0.29
International News
JPY/INR 0.64 0.64 0.00
Commodity 20-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 63.07 60.92 63.97 71.18
Brent Crude($/bl) 74.20 73.29 70.45 79.37
Gold( $/oz) 1277 1300 1275 1292
Gold(Rs./10 gm) 31550 31961 31394 30921
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
21 May 2019
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty May 2019 Futures were at 11,859.45, a premium of 31.20 points,
above the spot closing of 11,828.25. The turnover on NSE’s Futures and
Options segment rose to Rs. 5,77,910.85 crore on May 20, 2019,
compared with Rs. 3,30,070.97 crore on May 17, 2019.
The Put-Call ratio stood at 0.78 compared with the previous session’s
close of 0.69.
The Nifty Put-Call ratio stood at 1.29 compared with the previous
session’s close of 1.36.
Open interest on Nifty Futures stood at 20.27 million as against the
previous session’s close at 17.57 million.
Bond yields saw a steep fall after the country’s multi-phased general
election ended on May 19, 2019, with projections that the current
government will continue to serve for the second term. This reduced
political uncertainty and lifted bond market sentiment. The poll results
will be announced on May 23, 2019.
Yield on the 10-year benchmark paper (7.26% GS 2029) fell 7 bps to
7.29% compared with the previous close of 7.36% after trading in a range
of 7.27% to 7.31%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 7,011 crore (gross) on May 20, 2019, compared
with Rs. 9,061 crore (gross) as on May 17, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 6,410
crore on May 17, 2019.
The Indian rupee saw a sharp surge with the conclusion of the country’s
general election on May 19, 2019. Projections of a stable government
reduced political uncertainty and lifted the local unit. However, the
upside was limited by rising oil prices and escalating U.S-China trade war.
The euro was steady against the greenback with the release of better-
than-expected German PPI numbers for Apr 2019 and Eurozone’s non-
seasonally adjusted current account record.
Gold prices were flat to marginally down against the greenback as the
latter edged higher on the release of U.S. consumer sentiment data.
Brent crude prices rose against the greenback after OPEC signalled of
continuing with its production cut plan.
A report by the University of Michigan showed a substantial
improvement in U.S. consumer sentiment in May 2019. The preliminary
report showed the consumer sentiment index increased to 102.4 in May
from 97.2 in Apr 2019, the highest level in 15 years. The much bigger than
expected increase by the headline index came as the index of consumer
expectations soared to 96.0 in May from 87.4 in Apr.
A Conference Board report showed leading U.S. economic indicators
increased slightly less than expected in Apr 2019. The Conference Board
said its leading economic index increased 0.2% in Apr after climbing 0.3%
in Mar 2019.
Markets for You
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