22 Oct 2018
Markets for You
Global Indices
Global Indices 19-Oct Prev_Day Abs. Change
% Change
#
Dow Jones 25,444 25,379 65 0.26
Nasdaq 7,449 7,485 -36 -0.48
FTSE 7,050 7,027 23 0.32
Nikkei 22,532 22,658 -126 -0.56
Hang Seng 25,561 25,455 107 0.42
Indian Indices 19-Oct Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,316 34,780 -464 -1.33
Nifty 50 10,304 10,453 -150 -1.43
Nifty 100 10,504 10,649 -145 -1.36
Nifty Bank 25,086 25,189 -103 -0.41
SGX Nifty 10,309 10,527 -218 -2.07
S&P BSE Power 1,942 1,952 -10 -0.54
S&P BSE Small Cap 14,083 14,271 -188 -1.32
S&P BSE HC 14,550 14,640 -91 -0.62
Date P/E Div. Yield P/E Div. Yield
19-Oct 22.03 1.30 24.83 1.30
Month Ago 23.85 1.20 27.31 1.19
Year Ago 24.12 1.20 26.44 1.12
Nifty 50 Top 3 Gainers
Company 19-Oct Prev_Day
% Change
#
HPCL 216 207 4.15
Sun Pharma 610 593 2.78
Kotak Bank 1199 1176 1.95
Nifty 50 Top 3 Losers Domestic News
Company 19-Oct Prev_Day
% Change
#
Indiabulls HFC 654 789 -17.10
HCL Tech 959 1024 -6.42
Yes Bank 218 232 -6.04
Advance Decline Ratio
BSE NSE
Advances 817 513
Declines 1777 1302
Unchanged 152 93
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -32641
MF Flows** 100241
*19
th
Oct 2018; **16
th
Oct 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
3.77%
(Sep-18)
3.28%
(Sep-17)
IIP
4.30%
(Aug-18)
4.80%
(Aug-17)
GDP
8.20%
(Jun-18)
5.60%
(Jun-17)
22 October 2018
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
Nifty
3.80%
(May-18)
7.70%
(Mar-18)
Quarter Ago
Inflow/Outflow
818
315
4.92%
(Jun-18)
The finance ministry is depending on central public sector enterprises
(CPSE) merger and acquisitions and share buybacks of state-owned
companies to achieve the Rs 80,000-crore disinvestment target for FY19.
The government has raised in excess of Rs. 9,600 crore via initial public
offerings of three CPSEs and a tranche of Bharat-22 ETF in the first six
months of FY19.
Coal India has decided to raise the tenure of fuel supply agreements
(FSAs) with the steel industry to 10 years. It is doing this to reduce the
sector's dependence on imports. The new FSA tenure will apply to the
fourth tranche of auction of coking coal linkages to be held shortly.
The Reserve Bank of India (RBI) has announced more steps to increase
liquidity flows to non-banking financial companies. RBI has permitted
banks to use government securities equal to their incremental
outstanding credit to NBFCs, over and above their outstanding credit to
them as on Oct 19, to meet liquidity coverage ratio requirements. NBFCs
have come under pressure after a series of defaults by a leading
infrastructure and finance company.
The government could appoint a new chief economic advisor (CEA) in
the coming one or two months, according to media reports. A finance
ministry-appointed search committee is being seen to finalise the list of
suitable candidates soon. The government had on Jun 30, 2018, invited
applications for CEA appointment on deputation basis after the then
incumbent’s term ended.
India has imposed anti-dumping duties of up to $185.51 per tonne for
five years on particular varieties of Chinese steel. The step has been taken
to protect domestic players from cheap imports from China. The revenue
department put the duty after receiving recommendations of the
Directorate General of Trade Remedies (DGTR). Leading steel companies
had jointly filed an application before DGTR for investigations and levying
of anti-dumping duties.
Markets for You
Indian equity markets ended the volatile week in red because of weak
global cues and liquidity concerns. China’s gross domestic product came in
at the lowest level since 2009 amid the trade dispute with the U.S.,
dragging markets in the region down.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 1.33% and
1.43% to close at 34,315.63 and 10,303.55, respectively. S&P BSE Mid-Cap
declined 1.10%, while S&P BSE Small Cap fell 1.32%.
The overall market breadth on BSE was weak with 817 scrips advancing
and 1777 scrips declining. A total of 152 scrips remained unchanged.
On the BSE sectoral front, only two sectors gained. S&P BSE Fast Moving
Consumer Goods was the major gainer, up 0.41%, followed by S&P BSE
Metal, up 0.1%. S&P BSE Energy was the major loser, down 2.75%,
followed by S&P BSE Information Technology and S&P BSE Teck, down
2.6% and 2.41%, respectively.
Asian equity markets were mixed over China’s GDP coming in at the
lowest level since 2009 and the Italian budget crisis. Also, concerns over
rising U.S. interest rates and U.S.-Saudi dispute kept markets wary. China
managed to tide over the GDP numbers after the country’s securities
regulator announced a series of steps to help the market. Today (as of Oct
22), Asian market opened mixed. Rally in Chinese stocks boosted market,
while mixed result in the Wall Street and political uncertainty in Australia
weighed on investor’s sentiments. Nikkei was trading down 0.25%a and
Hang Seng was trading up 1.32% (as at 8.a.m. IST).
As per the last close, European markets closed mixed. Concerns over
Italy's controversial budget plans weighed on investor’s sentiment.
However, decline in U.K. budget deficit in Sep 2018, lowest Sep deficit
since 2007, supported markets in Britain.
As per the last close, U.S. markets closed mixed. Rally in Chinese stocks
and upbeat quarterly earnings by few big companies boosted investors
sentiments. However, concerns about rising interest rates and tension
between the U.S. and Saudi Arabia continued to weigh on the markets.
FII Derivative Trade Statistics 19-Oct
(Rs Cr) Buy
Sell Open Int.
Index Futures 4926.78 3850.00 21633.31
Index Options 201782.14 201746.62 80604.46
Stock Futures 17932.75 17888.77 85035.80
Stock Options 8700.05 8804.02 9309.80
Total 233341.72 232289.41 196583.37
19-Oct Prev_Day
Change
Put Call Ratio (OI) 1.07 1.11 -0.04
Indian Debt Market
Put Call Ratio(Vol) 0.88 0.94 -0.07
19-Oct Wk. Ago Mth. Ago
Year Ago
Call Rate 6.55% 6.42% 6.60% 5.97%
CBLO 6.41% 4.86% 6.46% 5.88%
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.87% 6.87% 7.06% 6.10%
364 Day T-Bill 7.46% 7.51% 7.63% 6.18%
10 Year Gilt 7.92% 7.98% 8.07% 6.76%
G-Sec Vol. (Rs.Cr) 20275 35220 43175 22788
Currency Market Update
FBIL MIBOR 6.60% 6.49% 6.65% 6.05%
3 Month CP Rate 7.90% 7.75% 8.05% 6.74%
5 Year Corp Bond 8.84% 8.86% 8.91% 7.49%
1 Month CD Rate 7.19% 6.82% 7.51% 6.05%
3 Month CD Rate 8.33% 7.14% 7.51% 6.19%
1 Year CD Rate 8.38% 8.42% 8.39% 6.59%
Commodity Market Update
Currency 19-Oct Prev_Day
Change
USD/INR 73.44 73.48 -0.05
GBP/INR 95.65 96.87 -1.22
EURO/INR 84.17 84.98 -0.81
International News
JPY/INR 0.65 0.65 0.00
Commodity 19-Oct Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 69.11 71.36 71.03 52.00
Brent Crude($/bl) 81.17 81.05 79.87 58.34
Gold( $/oz) 1226 1218 1204 1281
Gold(Rs./10 gm) 31706 31565 30722 29611
Source: Thomson Reuters Eikon
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22 October 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yield increased marginally on fresh supply of government bonds
through weekly auction and on profit booking after prices rose in the
previous sessions.
Yield on the 10-year benchmark paper (7.17% GS 2028) increased 1
bps to 7.92% compared with the previous closing of 7.91% after trading
in the range of 7.88% to 7.93%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,994 crore (gross) on Oct 19 compared with a
borrowing of Rs. 16,708 crore (gross) on Oct 17. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
12,829 crore on Oct 17.
Banks did not borrowed under the central bank’s Marginal Standing
Facility on Oct 17 compared with borrowing of Rs. 3,240 crore on Oct 16.
National Bureau of Statistics data showed China's economy grew at
the slowest pace since 2009, the time of the global financial crisis. Gross
domestic product expanded 6.5% YoY in the third quarter, which is
slower than 6.7% growth seen in the second quarter.
According to a U.S. Conference Board report, index of leading
economic indicators showed a continued increase in Sep 2018. The
Conference Board’s leading economic index increased 0.5% in Sep after
rising 0.4% in Aug 2018.
Markets for You
Nifty Oct 2018 Futures settled at 10,303.20, a discount of 0.35 points,
below the spot closing of 10,303.55. The turnover on NSE’s Futures and
Options segment decreased to Rs. 8,17,144.32 on Oct 19.
The Put-Call ratio stood at 0.83, compared with the previous session’s
close of 0.87.
The Nifty Put-Call ratio stood at 1.07 compared with the previous
session’s close of 1.11.
India VIX rose 10.72% to 19.9075 from 17.9800 in the previous trading
session.
Open interest on Nifty Futures stood at 22.55 million as against the
previous session’s close at 22.92 million.
The Indian rose against the greenback after India’s trade deficit
narrowed to a five-month low in Sep 2018. Selling of the greenback by
exporters further weakened the U.S. dollar. The rupee closed at 73.32 a
dollar, 0.37% up from the previous close of 73.60.
The euro surged against the greenback on reports that the Prime
Minister of Britain may do away with a key Brexit demand (Irish Border
issue) in order to make a deal for Britain to leave the European Union.
The euro was last seen trading at 1.1510 a dollar, up 0.51% compared
with the previous close of 1.1452.
Gold prices traded higher due to weak stock markets and reports that
China reported disappointing GDP data for third-quarter 2018.
Brent Crude prices traded higher following indication of surging
demand in China, the world's second-biggest oil consumer. Refinery
throughput in China surged to 12.49 million bpd in Sep 2018.
Thank you for
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