FIIs/FPIs have bought Indian equity shares worth Rs. 339 billion and Rs. 153 billion in March 2019 and April 2019 (till 19th April 2019) respectively.
The Nifty Index futures witnessed fall in open interest by 5% for the April series and by 52% for the May series. Implied volatility (IV) fell for call option and rose for put option in the last week. Fall in IV for call option and rise in IV for put option shows unsteady support for Nifty at present levels.
The US trade deficit narrowed to USD 49.4 billion in February 2019, the smallest since June 2018, from USD 51.1 billion in the previous month and compared to market expectations of USD 53.5 billion. Exports surged 1.1% while imports rose at a softer 0.2% amid ongoing trade negotiations with China.
The IHS Markit US Services PMI decreased to 52.9 levels in April 2019 from 55 levels in March 2019 and well below market forecasts of 55 levels, a preliminary estimate showed. The latest reading pointed to the slowest expansion in the service sector since March 2017.
Japan posted a trade surplus of JPY 529 billion in March 2019 compared with a JPY 784 billion surplus in the same month a year earlier and market expectations of a JPY 372 billion surplus. Exports declined for a fourth straight month while imports increased less than expected.
The Nikkei Japan Manufacturing PMI came in at 49.5 levels in April 2019, slightly above 49.2 levels in the previous month.
Japan’s consumer price inflation rose to 0.5% (Y-o-Y) in March 2019 from 0.2% in the previous month and in line with market consensus. It was the highest inflation rate since November last year, as cost of both food and transport declined at a softer pace.
The IHS Markit Eurozone Services PMI decreased to 52.5 levels in April 2019 from 53.3 levels in the previous month and below market consensus of 53.2 levels, the flash estimate showed.
The Euro Area trade surplus widened to EUR 17.9 billion in February 2019 from EUR 16.5 billion in the same month of the previous year, easily beating market expectations of a EUR 12.3 billion surplus. Exports rose 4.4% and imports advanced at a softer 4%.
Industrial capacity utilization rate in China edged down to 76% in the first quarter 2019 from 76.5% on the previous quarter and reaching the lowest figure since the March quarter 2017.
The Chinese economy advanced 6.4% (Y-o-Y) in the March quarter 2019, the same pace as in the previous quarter but slightly above market expectations of a 6.3% expansion. Industrial output growth accelerated markedly, and consumer demand strengthened amid government’s pro-growth policies, which helped stabilize sentiments rattled by trade dispute with the US.
The number of Americans filling for unemployment benefits decreased by 5,000 to 192,000 in the week ended 13th April 2019 from the previous week’s revised level of 197,000 and compared with market expectations of 205,000.
Stocks of crude oil in the United States fell by 1.396 million barrels in the week ended 12th April 2019, following a 7.029 million gain in the previous week and compared with market expectations of a 1.711 million rise.
Wall Street closed in green on Friday, after stronger-than-expected economic data showed US retail sales increased by the most in 1-1/2 years in March 2019 while jobless claims fell to more than a 50 year low during last week. During the week, Dow Jones gained by 0.56%, Nasdaq gained by 0.18% and S&P 500 rose by 0.15%.
Stock markets across the Asia-Pacific region finished in green on Friday, following overnight gains in Wall Street. During the week, Hangseng rose by 0.20%, Shangai Composite surged by 3% and Nikkei 225 gained by 1.51%.
Sensex and Nifty gained by 0.96% and 0.90% during last week.
Failing to get an emergency funding of Rs 15 billion from the lenders, cash-strapped Jet Airways suspended its total operations temporarily from Wednesday night. Jet Airways share price declined by 37% during last week.
Indiabulls General Insurance, a subsidiary of Indiabulls Integrated Services has received preliminary approval from regulator Irdai to foray into non-life business.
Sectoral Indices Trends:
The sectoral indices mostly closed in positive territory during last week. The S&P BSE Oil & Gas, IT, Auto and Bankex indices had gained by 1.22%, 0.58%, 2.10% and 1% respectively. BSE PSU indices declined by 0.32% respectively.
Reliance Industries Witness rise in turnover in Stock Derivatives
Reliance has witnessed rise in open interest in the stock future segment in the last week. Share price of Reliance Industries gained by 4% in the last week. Company had reported Q4Fy19 earnings on Friday, on standalone basis net profit fell by 4.2% which is the first decline in last 17 quarters. Gross refining margin fell to USD 8.2 per barrel from USD 8.8 in the previous quarter. The revenue from its refining business declined 21.4% over the previous quarter to Rs 878 billion. However, retail segment had reported 89% (Y-o-Y) topline growth and Reliance Jio witnessed a slight dip in ARPU for Q4Fy19.
Foreign Institutional Investors (FIIs) Derivative Statistics have shown rise in the open interest across Stock Options, Index futures, Index options and Stock futures on a week on week basis.
Indian rupee depreciated by 0.33% against USD, USD/INR pair closed at Rs. 69.39 in the last week.