22 May 2019
Markets for You
Global Indices
Global Indices 21-May Prev_Day Abs. Change
% Change
#
Dow Jones 25,877 25,680 197 0.77
Nasdaq 7,786 7,702 83 1.08
FTSE 7,329 7,311 18 0.25
Nikkei 21,272 21,302 -29 -0.14
Hang Seng 27,657 27,788 -130 -0.47
Indian Indices 21-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,970 39,353 -383 -0.97
Nifty 50 11,709 11,828 -119 -1.01
Nifty 100 11,786 11,904 -118 -0.99
Nifty Bank 30,308 30,760 -451 -1.47
SGX Nifty 11,740 11,830 -90 -0.76
S&P BSE Power 1,917 1,945 -28 -1.42
S&P BSE Small Cap 14,293 14,381 -88 -0.61
S&P BSE HC 13,260 13,341 -81 -0.61
Date P/E Div. Yield P/E Div. Yield
21-May 28.71 1.20 29.18 1.12
Month Ago 28.34 1.12 29.33 1.12
Year Ago 23.71 1.18 26.08 1.22
Nifty 50 Top 3 Gainers
Company 21-May Prev_Day
% Change
#
Dr.Reddy 2667 2589 3.00
Bharti Infratel 276 270 2.43
RIL 1340 1326 1.05
Nifty 50 Top 3 Losers Domestic News
Company 21-May Prev_Day
% Change
#
Tata Motors 177 190 -7.02
BPCL 374 392 -4.43
Zee Ente. 348 363 -4.08
Advance Decline Ratio
BSE NSE
Advances 960 605
Declines 1610 1198
Unchanged 142 83
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 63825
MF Flows** 4980
*21
st
May 2019; **20
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)
22 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
-215
1607
2.11%
(Dec-18)
• Indian equity markets closed in the red as investors resorted to profit
booking after a steep rise in the previous session. Investors are focusing
on election outcome throughout this week. Meanwhile, oil sector
remained under pressure after a few of the oil majors witnessed declines
on weak earnings results for FY19. Fall in pharma sector as a pharma
company plunged after posting loss in the quarter ended Mar 2019 added
to the losses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.97% and
1.01% to close at 38,969.80 and 11,709.10, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap fell 0.84% and 0.61%, respectively.
• The overall market breadth on BSE was weak with 1,610 scrips declining
and 960 scrips advancing. A total of 142 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Auto stood as the major loser and fell
2.60%, followed by S&P BSE Telecom that fell 1.61%. S&P BSE Metal and
S&P BSE Teck fell 1.55% and 1.50%, respectively. S&P BSE Bankex and S&P
BSE Power fell 1.48% and 1.42%, respectively. However, S&P BSE
Consumer Durables was the major gainer and grew 0.65% followed by S&P
BSE Energy that grew 0.19%.
• According to the Organisation for Economic Co-operation and
Development (OECD), the gross domestic product (GDP) of the Indian
economy is expected to rise to 7.25% in FY19 and 7.5% in FY20 on the
back of lower domestic inflationary pressures, improved financial
conditions and rising rural consumption. In addition, OECD opined that
lower global crude oil prices and recent strengthening of the rupee against
the greenback will reduce pressure on domestic inflationary pressures and
help contain the current account deficit.
• The Reserve Bank of India’s (RBI) central board will set up a specialised
supervisory and regulatory cadre within the central bank to strengthen the
supervision and regulation of commercial banks, urban cooperative banks
and non-banking financial companies. The move comes after the board
reviewed the current economic situation, global and domestic challenges
and various areas of operations of the RBI.
• According to a report by the Retirement fund body, Employment
Provident Fund Organisation, net employment generation stood at 8.14
lakh in Mar 2019 as compared to 7.88 lakh in Feb 2019. In FY19, 67.59 lakh
jobs were created. In Mar 2019, 2.25 lakh jobs were created in the age
group of 22 years to 25 years and 2.14 lakh jobs were created in age group
of 18 years to 21 years.
• According to a major domestic credit rating agency, the speciality
chemicals market is expected to grow at a compounded annualised
growth rate of 12% to 13% over the next five years. The projection comes
as the domestic rating agency noted that opportunities have opened up
for the Indian market and there is scope for further investment in the
speciality chemicals segment as plants have been closed in European
Union and China due to increasing concerns over the environment.
• A report from a major domestic credit rating agency showed that steel
production in the country may be severely impacted if there is a delay in
the auction of iron ore mines whose licenses are expected to decline by
Mar next year. Subsequently, the credit profile of the non-integrated steel
players and merchant miners may come under pressure.
• Asian markets witnessed mixed trend as worries over escalating U.S.-
China trade tension reduced to some extent after U.S. Commerce
Department temporarily eased some restrictions imposed on Chinese
telecom giant in order to minimise disruption for its customers. Today (as
of May 22), Asian markets opened on a mixed note. Investors remained
cautious as trade tensions continued to linger between the U.S. and China.
However, Nikkei and Hangseng rose 0.18% and 0.09%, respectively (as at
8.a.m. IST).
• As per the last close, European markets closed almost higher as U.S.
decided to temporarily ease trade restrictions on a Chinese tech giant.
Reports that eurozone consumer confidence have rose to its highest level
in seven months in May boosted market sentiment. However, downward
revision in global growth outlook for 2019 by OECD restricted the gains.
• As per the last close, U.S markets closed almost higher on reports that
U.S. has temporarily eased trade restrictions on a Chinese telecom giant.
However, reports of unexpected drop in existing home sales in Apr
restricted the gains.
Markets for You
FII Derivative Trade Statistics 21-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 7719.15 6648.28 20838.10
Index Options 72967.80 71430.25 67945.78
Stock Futures 19156.59 18363.63 91680.69
Stock Options 8035.53 8009.12 8354.60
Total 107879.07 104451.28 188819.17
21-May Prev_Day
Change
Put Call Ratio (OI) 1.20 1.29 -0.09
Indian Debt Market
Put Call Ratio(Vol) 0.82 0.79 0.03
21-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.94% 5.91% 6.08% 5.96%
T-Repo 5.98% 5.84% 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% 6.34% 6.32% 6.25%
364 Day T-Bill 6.40% 6.46% 6.44% 6.80%
10 Year Gilt 7.30% 7.38% 7.42% 7.81%
G-Sec Vol. (Rs.Cr) 23486 56075 21140 27694
Currency Market Update
FBIL MIBOR* 6.05% 6.05% 6.10% 6.04%
3 Month CP Rate 7.20% 7.50% 7.00% 8.30%
5 Year Corp Bond 8.32% 8.52% 8.54% 8.56%
1 Month CD Rate 6.92% 6.85% 6.93% 7.10%
3 Month CD Rate 7.07% 7.41% 7.13% 7.71%
1 Year CD Rate 7.53% 7.54% 7.49% 8.12%
Commodity Market Update
Currency 20-May Prev_Day
Change
USD/INR 69.55 70.17 -0.62
GBP/INR 88.54 89.73 -1.19
EURO/INR 77.57 78.43 -0.87
International News
JPY/INR 0.63 0.64 -0.01
Commodity 21-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 62.97 61.77 63.97 72.21
Brent Crude($/bl) 73.93 73.52 70.45 79.33
Gold( $/oz) 1275 1297 1275 1292
Gold(Rs./10 gm) 31540 32245 31394 30881
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
22 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 11,715.15, a premium of 6.05 points,
above the spot closing of 11,709.10. The turnover on NSE’s Futures and
Options segment fell to Rs. 5,32,797.36 crore on May 21, 2019, compared
with Rs. 5,77,910.85 crore on May 20, 2019.
• The Put-Call ratio stood at 0.95 compared with the previous session’s
close of 0.78.
• The Nifty Put-Call ratio stood at 1.20 compared with the previous
session’s close of 1.29.
• Open interest on Nifty Futures stood at 20.20 million as against the
previous session’s close at 20.27 million.
• Bond yields rose as market participants resorted to profit booking.
Besides, they preferred to stay on the sidelines ahead of the outcome of
the country’s multi-phased general election on May 23, 2019.
• Yield on the 10-year benchmark paper (7.26% GS 2029) rose 2 bps to
7.31% compared with the previous close of 7.29% after trading in a range
of 7.28% to 7.31%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 8,016 crore (gross) on May 21, 2019, compared
with Rs. 7,011 crore (gross) as on May 20, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 18,982
crore on May 20, 2019.
• Banks borrowed Rs. 425 crore under the central bank’s Marginal
Standing Facility on May 20, 2019 compared with borrowings of Rs. 1,770
crore on May 17, 2019.
• The Indian rupee remained nearly flat as traders preferred to stay
cautious ahead of the outcome of the country’s multi-phased general
election.
• The euro edged lower on dollar strength. The rise in U.S. treasury yield
and the country’s ongoing trade friction with China triggered greenback’s
safe-haven appeal, which weighed down on the single currency. Besides,
euro also remains under pressure ahead of the upcoming European
parliamentary elections.
• Gold prices slipped against the greenback following recovery in the
stock market after U.S. momentarily pulled back restrictions imposed on
a Chinese telecom major.
• Brent crude prices stayed firm with rising tension between U.S. and
Iran and OPEC’s plan to continue with its production cut.
• The Organization for Economic Co-operation and Development (OECD)
has downgraded the global growth outlook for 2019. It expects global
growth of 3.2% for 2019 as against previous expectation of a growth of
3.3%. The downgrade reflects trade disputes that is hurting
manufacturing and investment decisions. However, it retained growth of
3.4% for 2020.
• According to a report from the Confederation of British Industry, U.K.’s
order book balance fell to -10% in May 2019 from -5% in Apr 2019.
Meanwhile, the export order books balance fell to -16%. This marked the
lowest balance since Jul 2016.
Markets for You
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