03Oct2018
MarketsforYou
GlobalIndices
GlobalIndices 02Oct Prev_Day Abs.Change
%Change
#
DowJones 26,774 26,651 123 0.46
Nasdaq 8,000 8,037 38 0.47
FTSE 7,475 7,496 21 0.28
Nikkei 24,271 24,246 25 0.10
HangSeng 27,126 Closed NA NA
IndianIndices 01Oct Prev_Day Abs.Change
%Change
#
S&PBSESensex 36,526 36,227 299 0.83
Nifty50 11,008 10,930 78 0.71
Nifty100 11,197 11,126 71 0.63
NiftyBank 25,367 25,120 247 0.98
SGXNifty 11,088 10,929 160 1.46
S&PBSEPower 1 ,965 1,929 35 1.83
S&PBSESmallCap 14,395 14,431 35 0.25
S&PBSEHC 15,059 15,025 34 0.23
Date P/E Div.Yield P/E Div.Yield
1Oct 23.47 1.23 26.62 1.22
MonthAgo 24.85 1.15 28.40 1.15
YearAgo 23.41 1.23 25.43 1.17
Nifty50Top3Gainers
Company 01Oct Prev_Day
%Change
#
YesBank 201 184 9.37
Hindalco 243 230 5.77
IndiabullsHFC 906 857 5.75
Nifty50Top3Losers DomesticNews
Company 01Oct Prev_Day
%Change
#
BhartiAirtel 327 339 3.49
HPCL 243 251 3.30
AxisBank 593 613 3.23
AdvanceDeclineRatio
BSE NSE
Advances 1005 712
Declines 1664 1144
Unchanged 186 94
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 14529
MFFlows** 84598
*1
st
Oct2018;**27
th
Sep2018
EconomicIndicator
YoY(%) Current YearAgo
CPI
3.69%
(Aug18)
3.28%
(Aug17)
IIP
6.60%
(Jul18)
1.00%
(Jul17)
GDP
8.20%
(Jun18)
5.60%
(Jun17)
03October2018
SinceMay17,MOSPIhasrevisedbaseyearofIIP&WPIfrom200405to201112,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
4.50%
(Apr18)
7.70%
(Mar18)
QuarterAgo
Inflow/Outflow
917
1699
4.87%
(May18)
Indian equity markets opened the week on a positive note after
investors welcomed Reserve Bank of India’s (RBI) decision to ease the
liquidity situation. RBI said it would inject Rs. 36,000 crore into the
system in Oct 2018. The government has also asked for a management
change at the crisishit infrastructure company that is the root cause of
the liquidity concerns as it has defaulted on multiple debt payments.
Another factor that led to market gains was upbeat manufacturing and
auto sales data.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.83% and
0.71% to close at 36,526.14 and 11,008.30, respectively. S&P BSE Mid
Cap gained 0.53, while S&P BSE Small Cap fell 0.25%.
O n the BSE sectoral front S&P BSE Information Technology was the
major gainer, up 2.42%, followed by S&P BSE Teck and S&P BSE Power, up
2.02% and 1.83%, respectively. S&P BSE Utilities and S&P BSE Metal
gained 1.64% and 1.36%, respectively. The major loser was S&P BSE
Realty, down 1.44%, followed by S&P BSE Energy and S&P BSE Telecom,
down 1.34% and 1.3%, respectively.
The Nikkei India Manufacturing Purchasing Managers' Index (PMI)
improved to 52.2 in Sep 2018 from 51.7 in Aug 2018. The growth came on
the back of gain in new orders, output and employment. A reading of
over 50 indicates expansion and otherwise contraction. The
manufacturing sector has expanded in the past 14 months.
Government data showed that the growth of index of eight core
industries slowed to 4.2% in Aug 2018 from an upwardly revised 7.3% in
Jul 2018 (6.6% originally reported). Fertilizers witnessed the maximum
decline of 5.3%, followed by crude oil at 3.7%, which is the ninth
consecutive mo nthly fall for the sector. Cement witnessed the maximum
growth of 14.3%, followed by electricity that increased 5.4%.
The government could raise the minimum support price (MSP) for
wheat by another 6% (Rs. 105) to Rs. 1,840 per quintal after increasing by
112% over its A2+FL costs in 2017 18. The a nnouncement could be made
on Oct 3 after getting Cabinet approval.
According to media reports, the N ational Company Law Tribunal (NCLT)
has given its approval for the takeover of IL&FS board by government
nominees. The newly constituted board will submit an assessment plan in
the next two weeks.
According to media reports, Dr Reddy’s Laboratories has sold the
antibiotics manufacturing facility and r elated assets it had acquired in
Bristol, Tennessee, from GlaxoSmithKline to Neopharma which is based in
United Arab Emirates.
According to media reports, Royal Enfield's manufacturing facility at
Oragadam, Chennai resumed operations from Sep 29 and expects to
reach regular level of production in a phased manner. A part of workforce
at the plant was n ot reporting for duty since Sep 24 as they went on
strike protesting the dismissal of two office bearers of their union.
Asian equity markets were mostly lower as investors remained
concerned about the trade dispute between U.S. and China after the U.S.
President commented that they are not ready to talk with C hina anytime
soon. Also, media reports suggesting that China has cancelled its midOct
military talks with the U.S. added to the woes. Today (as of Oct 03), Asian
markets opened on a mixed note despite Dow Jones rose on Wall Street
overnight. Both Nikkei and Hang Seng were trading lower 0.56% and
0.16%, respectively (as at 8 a.m. IST).
As per the last close, European markets fell on number of factors such
as Brexit concerns and worries over the trade tensions between the U.S.
and China. Concerns over the Italian budget also weighed on the markets.
•Asperthelastclose,U.Smarketsclosedonamixednoteasinvestors
seemed hesitant to make significant moves on absence of any major U.S.
economic data. Market participants still remained uncertain about the
trade after U.S. President announced a new trade deal with Mexico and
Canada to replace the North American Free Trade Agreement.
MarketsforYou
FIIDerivativeTradeStatistics 01Oct
(RsCr) Buy Sell OpenInt.
IndexFutures 5510.70 4808.39 17644.20
IndexOptions 103745.10 103787.00 57250.55
StockFutures 18196.85 17322.73 80796.66
StockOptions 6672.49 6591.32 2296.81
Total 134125.14 132509.44 157988.22
01Oct Prev_Day Change
PutCallRatio(OI) 1.33 1.41 0.08
IndianDebtMarket
PutCallRatio(Vol) 0.85 0.94 0.09
01Oct Wk.Ago Mth.Ago YearAgo
CallRate 6.37% 6.58% 6.41% 5.98%
CBLO 5.94% 6.47% 5.40% 5.55%
Repo 6.50% 6.50% 6.50% 6.00%
ReverseRepo 6.25% 6.25% 6.25% 5.75%
91DayTBill 6.90% 7.09% 6.76% 6.07%
364DayTBill 7.60% 7.60% 7.30% 6.23%
10YearGilt 7.99% 8.12% 7.95% 6.66%
GSecVol.(Rs.Cr) 34997 26066 29325 68046
CurrencyMarketUpdate
FBILMIBOR 6.50% 6.65% 6.45% 6.05%
3MonthCPRate 8.00% 8.20% 7.70% 6.64%
5YearCorpBond 8.95% 8.98% 8.75% 7.49%
1MonthCDRate 6.78% 7.40% 6.96% 6.09%
3MonthCDRate 7.46% 7.44% 7.25% 6.14%
1YearCDRate 8.35% 8.33% 8.04% 6.57%
CommodityMarketUpdate
Currency 01Oct Prev_Day Change
USD/INR 72.80 72.55 0.26
GBP/INR 94.88 94.91 0.03
EURO/INR 84.38 84.44 0.06
InternationalNews
JPY/INR 0.64 0.64 0.00
Commodity 02Oct WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 75.11 73. 02 69.79 50.54
BrentCrude($/bl) 86.02 82.65 77. 01 55.76
Gold($/oz) 1203 1201 1201 1271
Gold(Rs./10gm)* 30499 30664 30226 29692
Source:ThomsonReutersEikon
*Ason01Oct18
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
03October2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
Nifty Oct 2018 Futures settled at 11,061.8, a premium of 53.50 points,
above the spot closing of 11,008.30. The turnover on NSE’s Futures and
Options segment w ent up to Rs. 7,74,323.22 on Oct 1 compared with Rs.
7,14,419.80 on Sep 28.
•ThePutCall ratio stood at 0.82, compared with the previous session’s
close of 0.78.
•TheNiftyPutCall ratio stood at 1.41 compared with the previous
session’s close of 1.33.
Open interest on Nif ty Futures stood at 17.21 million as against the
previous session’s close at 17.56 million.
Bond yield declined after the central bank announced its plans of open
market purchases during the month. The government’s lower than
anticipated borrowing schedule for the second half of the fiscal also
helped in easing the yield.
•Yieldonthe10year benchmark paper (7.17% GS 2028) fell 3 bps to
7.99% compared with the previous closing of 8.02% after trading in the
range of 7.90% to 8.00%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,793 crore (gross) on Oct 1 compared with a
borrowing of Rs. 4,741 crore (gross) on Sep 28. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
94,901 crore on Sep 28.
Banks borrowed Rs. 4,200 crore under the central bank’s Marginal
Standing Facility on Sep 28 compared with borrowings of Rs . 81 crore on
Sep 27.
The Indian rupee depreciated against the greenback following surge in
crude oil prices to their highest in almost four years, which raised
concerns over widening of current account deficit.
The euro fell against the greenback as investor risk sentiment
dampened after a senior lawmaker in one of Italy's ruling parties said
most of the country's problems would be resolved if it readopted a
national currency.
Gold prices trader higher amid bargain hunting. Concerns over Italy’s
fiscal issues that have hit financial markets also raised the safe haven
appeal of the bullion.
Brent crude traded higher amid looming U.S. sanctions against Iran's oil
industry.
According to University of Michigan, U.S. consumer sentiment
improved a tad less than initially estimated for Sep 2018. C o nsumer
sentiment index for Sep was downwardly revised to 100.1 from t he
preliminary reading of 100.8. Expectations were for the index to be
unrevised.
According to the Commerce Department, personal income in the U.S.
increased less than expected in Aug 2018 and personal spending rose in
line with estimates. Personal income increased by 0.3% in Aug, the same
as in Jul 2018. Expectations were for income to rise 0.4%.
MarketsforYou
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