Markets for You

17 March 2023

Indices Performance Global Indices

Global Indices 16-Mar Prev_Day Abs. Change % Change • Asian markets fell as uncertainties about the state of the global banking
system rose. Investors were also concern following European Central Bank
Russell 3000 1,870 1,829 41 2.23 meeting due after market hours. Today (as on Mar 17), Asian markets
Nasdaq 11,717 11,434 283 2.48 opened higher tracking rise on the Wall Street overnight. Both Nikkei and
Hang Seng index rose 0.34% and 1.23% (as at 8 a.m. IST), respectively.
FTSE 7,410 7,344 66 0.89 • European markets rose led by recovery in the banking sector even after the
European Central Bank raised interest rates by 50 bps.
Nikkei 27,011 27,229 -219 -0.80
• U.S. market went up following a media report indicating that few large U.S.
Hang Seng 19,204 19,540 -336 -1.72 banks are discussing a potential deal with First Republic Bank. Deal could
include a sizable capital infusion to shore up the stressed lender.
Indian Indices 16-Mar Prev_Day Abs. Change % Change
S&P BSE Sensex 57,635 57,556 79 0.14
Nifty 50 16,986 16,972 13 0.08
Nifty 100 16,852 16,825 27 0.16
Nifty 500 14,330 14,320 10 0.07
Nifty Bank 39,133 39,052 81 0.21
S&P BSE Power 3,627 3,587 40 1.13 Indian Equity Market
S&P BSE Small Cap 26,981 27,169 -188 -0.69 • Indian equity markets break a five-day losing streak and closed with marginal
gains lead by strong buying in power, oil and gas stocks. Investors remained
S&P BSE HC 21,624 21,531 93 0.43 hopeful ahead of the monetary policy outlook that the U.S. Federal Reserve
P/E Dividend Yield will reduce the pace of monetary policy tightening. Further, investors also
opted for bargain hunting after the recent weakness in the market, which
Sensex Nifty also added to the gains.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.14% and
Date P/E Div. Yield P/E Div. Yield
0.08% to close at 57,634.84 and 16,985.60 respectively.
16-Mar 21.77 1.27 20.01 1.47 • The overall market breadth on BSE was weak with 1,268 scrips advancing
and 2,252 scrips declining. A total of 120 scrips remained unchanged.
Month Ago 23.35 1.18 21.26 1.38 • On the BSE sectoral front, S&P BSE Utilities was the major gainer, up 1.2%
Year Ago 25.05 0.98 21.82 1.22 followed by S&P BSE Power, up 1.13% and S&P BSE Oil & Gas, up 1.08%. S&P
BSE Metal was the major loser, down 2.69% followed by S&P BSE
Nifty 50 Top 3 Gainers Commodities, down 0.91% and S&P BSE IT, down 0.73%.
Company 16-Mar Prev_Day % Change
BPCL 351 330 6.24
Nestle India Limited 18451 17993 2.54
Asian Paints 2893 2827 2.33
Nifty 50 Top 3 Losers Domestic News
Company 16-Mar Prev_Day % Change • An agreement between the RBI and the central bank of the UAE aims to
improve collaboration in a number of areas, including looking into the
Hindalco 385 406 -5.22 interoperability of central bank digital currencies (CBDC). In accordance with
IndusInd Bank 1018 1044 -2.54 the MoU (memorandum of understanding), the two central banks will work
together on a number of cutting-edge FinTech projects, particularly those
JSW Steel 662 680 -2.54 involving Central Bank Digital Currencies (CBDCs) and will investigate the
interoperability of the CBDCs of CBUAE and RBI.
Advance Decline Ratio
• A credit rating agency estimates that India's growth rate will be 6% this
BSE NSE fiscal year, a 100-basis point slower rate than the likely 7% growth in real
gross domestic product. This is due to challenging global macroeconomic
Advances 1268 871 climate.
Declines 2252 1401 • The Defence Acquisition Council has authorized the purchase of
indigenously produced military hardware totaling Rs. 70,584 crores as part
Unchanged 120 80 of a mega procurement plan to significantly increase domestic defence
Institutional Flows (Equity) manufacturing. The total amount approved for capital acquisitions in the
FY22-23 is currently Rs. 2,71,538 crores, with 98.9% of that fund coming
Description (Cr) Inflow/Outflow YTD from Indian industries.
• Petronas has made an offer of $460 million to purchase a 20% stake in the
FII Flows* -1247 -22818
green energy unit of NTPC in the first agreement of its kind by a state-run
MF Flows** 352 38650 company. It was the first time a state-run business in India gave a stake in a
th th
renewable energy division.
*16 Mar 2023; **10 Mar 2023 • Zee Entertainment Enterprises Ltd. has committed to pay back debts of $10
Economic Indicator million owed to IndusInd Bank Ltd. as it steps to cease insolvency
proceedings brought against it. It also moves closer to completing a merger
YoY(%) Current Quarter Ago Year Ago with a Sony Group unit to establish a $10 billion media giant.
6.44% 5.88% 6.07%
CPI
(Feb-23) (Nov-22) (Feb-22)
5.20% -4.10% 2.00%
IIP
(Jan-23) (Oct-22) (Jan-22)
4.40% 6.30% 5.20%
GDP
(Dec-22) (Sep-22) (Dec-21)
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI from 2010 to
2012

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 Markets for You
17 March 2023

FII Derivative Trade Statistics 16-Mar Derivatives Market

(Rs Cr) Buy Sell Open Int. • Nifty Mar 2023 Futures stood at 17,047.30, a premium of 61.70 points above
the spot closing of 16,985.60. The turnover on NSE’s Futures and Options
Index Futures 5284.11 5202.52 16648.66 segment rose to Rs. 2,28,492.63 crore on March 16, 2023, compared with Rs.
Index Options 1344005.66 1355994.72 274695.39 2,18,231.65 crore on March 15, 2023.
• The Put-Call ratio stood at 0.93 compared with the previous session’s close
Stock Futures 9739.22 9482.91 142467.37 of 1.
• The Nifty Put-Call ratio stood at 0.75 compared with the previous session’s
Stock Options 12504.14 12608.17 11277.38
close of 0.67.
Total 1371533.13 1383288.32 445088.80 • Open interest on Nifty Futures stood at 15.38 million, compared with the
previous session’s close of 15.11 million.
Derivative Statistics- Nifty Options
16-Mar Prev_Day Change
Put Call Ratio (OI) 0.75 0.67 0.08 Indian Debt Market
Put Call Ratio(Vol) 0.96 0.97 0.00 • Bond yields fell following decline in yields on U.S. Treasuries. Market
sentiments were also boosted on expectations that the U.S. Federal Reserve
Debt Watch may pause its rate hike cycle amid worries over the impact of rising yields on
16-Mar Wk. Ago Mth. Ago Year Ago the global banking sector and the ongoing turmoil in the U.S. financial
sector.
Call Rate 6.52% 6.35% 6.32% 3.24% • Yield on the 10-year benchmark paper (7.26% GS 2032) fell 1 bps to close at
7.35% as compared to the previous close of 7.36%.
T-Repo 6.61% 6.31% 6.24% 3.29%
Repo 6.50% 6.50% 6.50% 4.00%

Reverse Repo 3.35% 3.35% 3.35% 3.35%

91 Day T-Bill 6.75% 6.90% 6.50% 3.74%

364 Day T-Bill 7.24% 7.41% 7.14% 4.59%
10 Year Gilt 7.35% 7.44% 7.34% 6.79%
G-Sec Vol. (Rs.Cr) 39455 18127 34398 16829 Currency Market Update
FBIL MIBOR 6.58% 6.41% 6.35% 3.40% • The Indian rupee in the spot trade fell against the U.S. dollar amid mixed
global equity market cues and foreign fund outflows. However, positive
3 Month CP Rate 7.58% 7.75% 7.34% 4.30% sentiments in the domestic equity market restricted the fall.
5 Year Corp Bond 8.09% 8.30% 8.18% 6.70% • Euro rose against the U.S. dollar after the European Central Bank raised
interest rates by 50 bps as planned.
1 Month CD Rate 6.78% 6.99% 6.63% 3.88%
3 Month CD Rate 7.45% 7.73% 7.34% 3.99%
1 Year CD Rate 7.78% 7.92% 7.73% 4.81%
Currency Market Commodity Market Update
Currency 16-Mar Prev_Day Change • Gold prices rose marginally following weak U.S. dollar.
• Brent crude oil prices increased after reports that Saudi Arabia and Russia
USD/INR 82.68 82.50 0.19 met to discuss ways to enhance market stability.
GBP/INR 99.81 100.25 -0.44

EURO/INR 87.67 88.55 -0.88 International News

JPY/INR 0.62 0.61 0.01 • According the Labor Department, producer prices in the U.S. fell by 0.1% in
Feb 2023 before increased by a downwardly corrected 0.3% in Jan 2023.
Commodity Prices • According to the ISTAT, Italy's consumer price index increased by 9.1% YoY in
Commodity 16-Mar Wk Ago Mth. Ago Year Ago Feb 2023 compared to a 10.0% increase in Jan 2023.
• The Ministry of Economy, Trade, and Industry reported that after increasing
NYMEX Crude($/bl) 68.15 75.60 78.40 94.80 by 0.3% in Dec 2022, Japan's industrial output fell by a seasonally adjusted
5.3% MoM in Jan 2023.
Brent Crude($/bl) 73.18 82.89 84.40 111.86
• According to the Commerce Department, after declining by 2.0% to a
Gold( $/oz) 1919 1831 1837 1928 revised rate of 1.321 million in Jan 2023, the U.S. housing starts increased by
9.8% to 1.450 million in Feb 2023.
Gold(Rs./10 gm) 58041 55036 56210 51125
Source: Refinitiv

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