12 Apr 2018
Markets for You
Global Indices
Global Indices 11-Apr Prev_Day Abs. Change
% Change
#
Dow Jones 24,189 24,408 -219 -0.90
Nasdaq 7,069 7,094 -25 -0.36
FTSE 7,257 7,267 -10 -0.13
Nikkei 21,687 21,794 -107 -0.49
Hang Seng 30,898 30,729 169 0.55
Indian Indices 11-Apr Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 33,940 33,880 60 0.18
Nifty 50 10,417 10,402 15 0.14
Nifty 100 10,826 10,810 16 0.15
Nifty Bank 25,098 25,227 -129 -0.51
SGX Nifty 10,396 10,429 -33 -0.31
S&P BSE Power 2,202 2,205 -2 -0.09
S&P BSE Small Cap 17,983 17,948 36 0.20
S&P BSE HC 13,703 13,643 60 0.44
Date P/E Div. Yield P/E Div. Yield
11-Apr 23.37 1.15 25.86 1.23
Month Ago 22.91 1.18 24.97 1.28
Year Ago 22.70 1.36 23.42 1.25
Nifty 50 Top 3 Gainers
Company 11-Apr Prev_Day
% Change
#
Vedanta Limited 297 284 4.47
TCS 3014 2938 2.61
Sun Pharma 521 508 2.60
Nifty 50 Top 3 Losers Domestic News
Company 11-Apr Prev_Day
% Change
#
HPCL 337 365 -7.66
BPCL 417 451 -7.50
Indian Oil 167 179 -6.66
Advance Decline Ratio
BSE NSE
Advances 1187 732
Declines 1514 1058
Unchanged 132 65
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 12401
MF Flows** 37857
*11
th
Apr 2018; **10
th
Apr 2018
Economic Indicator
YoY(%) Current Year Ago
WPI
2.48%
(Feb-18)
5.51%
(Feb-17)
IIP
7.50%
(Jan-18)
3.00%
(Jan-17)
GDP
7.20%
(Dec-17)
6.80%
(Dec-16)
12 April 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
1.80%
(Oct-17)
6.50%
(Sep-17)
Quarter Ago
Inflow/Outflow
15
-717
4.02%
(Nov-17)
Capital market regulator Securities and Exchange Board of India (SEBI)
clarified the investment limit for foreign portfolio investors owned by
foreign governments. According to SEBI, two or more foreign
government-related entities coming from the same jurisdiction will be
considered as a single FPI and THEY will be able to invest up to 10% in a
company listed on the stock exchange. However, if the Indian government
enters into agreements with other sovereign governments where the
agreement gives distinct or separate recognition to certain entities then
SEBI will recognize the said entities as distinct or separate subject to the
conditions as specified by SEBI.
According to the Asian Development Bank (ADB), India’s economic
growth is expected to rise to 7.3% in the current fiscal and 7.6% in the
next fiscal, aided by Goods and Services Tax collection and reforms in the
Indian banking sector. Regarding China, ADB projected that the growth of
the Chinese economy will slow down from 6.9% in 2017 to 6.6% in 2018
and 6.4% in 2019. However, ADB cautioned that India needs to be
watchful regarding the impact of U.S. tariff hikes. ADB added that bad
loans in the banking sector and global crude oil prices pose risk to the
growth prospects of the Indian economy.
According to the commerce minister, the government is considering
coming up with an action plan to promote economic activities at the
district level and boost the overall growth of the Indian economy. The
government is also mulling setting up profile of the districts in addition to
identifying their local resource and strengths.
A major credit rating company has downgraded the creditworthiness of
Punjab National Bank to BB- from BB. Therefore, implying higher risk of
default by the bank.
Markets for You
Indian equity markets managed to close in the green after witnessing
volatility. Buying interest found support from easing concerns over trade
war between U.S. and China as Chinese President promised to lower
import tariffs on products including cars and further liberalise the nation’s
economy.
Nonetheless, escalating political tension between U.S. and Russia
restricted gains. Concerns over probable military attack by U.S. on Syria
boosted the global crude oil prices, which in turn led to worries over fiscal
deficit and inflation on the home front.
Meanwhile, market participants are turning their attention towards a
series of upcoming macroeconomic data, scheduled later during the week,
to gauge the strength of the domestic economy. The commencement of
quarterly earnings season too remained under radar.
Key benchmark indices S&P BSE Sensex and Nifty 50 rose 0.18% and
0.14% to close at 33,940.44 and 10,417.15, respectively. Meanwhile, S&P
BSE Mid Cap slipped 0.19%, whereas S&P BSE Small Cap rose 0.20%.
Most of the Asian markets traded up following positive cues from
overnight U.S. markets and rise in crude oil prices. Additionally, governor
of the Chinese central bank stated that China will relax foreign investment
norms for the financial sector over the next few months. However, upside
was limited amid concerns that U.S. President is likely to take more
aggressive strike in Syria. Today (As of Apr 12), Asian markets opened
mixed. Geopolitical tension between U.S. and Russia weighed on the
market. However, increase in crude oil prices boosted energy sector.
While Hang Seng grew 0.21%, Nikkei fell 0.17% (as at 8.a.m. IST).
As per the last close, European markets ended lower as investors turned
cautious amid tension in Syria after the U.S. President warned Russia to be
prepared for missiles being launched at Syria.
As per the last close, U.S markets ended lower amid geopolitical
concerns after the U.S. President warned Russia to be prepared for
missiles being launched at Syria. Also, decline in banking stocks added to
the losses.
FII Derivative Trade Statistics 11-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 2228.76 1108.40 15831.02
Index Options 53867.48 52623.51 61922.22
Stock Futures 8799.12 8304.94 77887.14
Stock Options 5775.31 5717.48 5443.55
Total 70670.67 67754.33 161083.93
11-Apr Prev_Day
Change
Put Call Ratio (OI) 1.50 1.47 0.03
Indian Debt Market
Put Call Ratio(Vol) 1.12 1.09 0.03
11-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 5.87% 5.90% 5.89% 5.97%
CBLO 5.86% 5.68% 5.85% 5.86%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 6.00%
91 Day T-Bill 6.07% 6.11% 6.22% 5.95%
364 Day T-Bill 6.41% 6.46% 6.62% 6.15%
10 Year Gilt 7.54% 7.29% 7.67% 6.81%
G-Sec Vol. (Rs.Cr) 43870 64712 29326 47193
Currency Market Update
1 Month CP Rate NA NA 7.80% 6.49%
3 Month CP Rate 6.90% 6.80% 7.83% 6.75%
5 Year Corp Bond 8.23% 8.00% 8.11% 7.50%
1 Month CD Rate 6.40% 6.26% 7.09% 6.13%
3 Month CD Rate 6.69% 6.67% 7.13% 6.35%
1 Year CD Rate 7.33% 7.20% 7.44% 6.61%
Commodity Market Update
Currency 11-Apr Prev_Day
Change
USD/INR 65.13 64.94 0.19
GBP/INR 92.52 91.75 0.77
EURO/INR 80.59 79.90 0.68
International News
JPY/INR 0.61 0.61 0.00
Commodity 11-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 66.76 63.34 62.01 53.33
Brent Crude($/bl) 72.90 64.68 65.28 54.87
Gold( $/oz) 1353 1333 1324 1274
Gold(Rs./10 gm) 31023 30844 30369 28814
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
12 April 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields surged as rise in crude oil prices triggered inflationary
concerns amongst the investors. Also, subdued demand for long-tenure
papers weighed on the domestic bond market.
Yield on the 10-year benchmark paper (7.17% GS 2028) surged 16 bps
to close at 7.54% from the previous close of 7.38%. During the session,
bond yields traded in the range of 7.34% and 7.55%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,810 crore (gross) on Apr 11 compared with
Rs. 6,475 crore on Apr 10. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 15,731 crore on Apr 10.
Banks borrowed Rs. 600 crore under the central bank’s Marginal
Standing Facility on Apr 10 compared with Rs. 1,600 crore borrowing on
Apr 9.
Gold prices traded higher as geopolitical tension between the U.S. and
Russia escalated.
Brent crude prices traded higher on concerns over probable supply
disruption from Syria as U.S. and its western allies discussed a possible
military strike on the nation.
According to a report from the Labor Department, U.S. producer price
index came in higher than market expectations and grew 0.3% in Mar
2018 as against a gain of 0.2% in Feb 2018. Food prices grew 2.2% and
energy prices fell 2.1% in Mar. Core producer prices excluding food and
energy prices grew 0.3% in Mar as against a gain of 0.2% in Feb.
A report from Eurostat showed that euro zone’s house prices grew
4.2% YoY in the fourth quarter as against an increase of 4% in the third
quarter. However, sequential growth in house prices eased to 0.9% as
against 1.6% in the third quarter.
Markets for You
Nifty Apr 2018 Futures were at 10,425.00 points, a premium of 7.85
points, over the spot closing of 10,417.15. The turnover on NSE’s Futures
and Options segment went up from Rs. 5,22,640.99 crore on Apr 10 to
Rs. 7,34,207.42 crore on Apr 11.
The Put-Call ratio stood at 0.90 against previous session’s close of 0.92.
The Nifty Put-Call ratio stood at 1.50 against the previous session’s
close of 1.44.
India VIX moved up 2.58% to 14.8725 from 14.7950 in the previous
trading session.
Open interest on Nifty Futures stood at 25.41 million as against the
previous session’s close of 24.01 million.
The Indian rupee weakened and fell to a near 5-month low against the
U.S. dollar due to demand for greenback from importers following rise in
global crude oil prices. Towards the end, comments from U.S. President
on Russia also hurt risk appetite.
Euro rose for the fourth consecutive session against the U.S. dollar after
a European Central Bank (ECB) policymaker said the ECB's bond buying
programme could be tapered by the end of 2018. .
Thank you for
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