01 Aug 2018
Markets for You
Global Indices
Global Indices 31-Jul Prev_Day Abs. Change
% Change
#
Dow Jones 25,415 25,307 108 0.43
Nasdaq 7,672 7,630 42 0.55
FTSE 7,749 7,701 48 0.62
Nikkei 22,554 22,545 9 0.04
Hang Seng 28,583 28,733 -150 -0.52
Indian Indices 31-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,607 37,494 112 0.30
Nifty 50 11,357 11,320 37 0.33
Nifty 100 11,634 11,595 39 0.34
Nifty Bank 27,764 27,843 -78 -0.28
SGX Nifty 11,377 11,344 33 0.29
S&P BSE Power 1,975 1,974 1 0.06
S&P BSE Small Cap 16,584 16,540 44 0.26
S&P BSE HC 14,206 14,123 83 0.59
Date P/E Div. Yield P/E Div. Yield
31-Jul 23.61 1.17 28.22 1.18
Month Ago 22.54 1.26 25.90 1.22
Year Ago 23.70 1.20 25.69 0.95
Nifty 50 Top 3 Gainers
Company 31-Jul Prev_Day
% Change
#
Tech Mahindra 681 655 3.86
RIL 1186 1151 3.01
Dr.Reddy 2128 2067 2.93
Nifty 50 Top 3 Losers Domestic News
Company 31-Jul Prev_Day
% Change
#
Axis Bank 550 570 -3.38
Indiabulls HFC 1297 1341 -3.26
Eicher Motors 27799 28595 -2.78
Advance Decline Ratio
BSE NSE
Advances 1465 1007
Declines 1185 776
Unchanged 158 83
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -3781
MF Flows** 74115
*31
st
Jul 2018; **20
th
Jul 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
5.00%
(Jun-18)
1.46%
(Jun-17)
IIP
3.20%
(May-18)
2.90%
(May-17)
GDP
7.70%
(Mar-18)
6.10%
(Mar-17)
01 August 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
Sensex
6.90%
(Feb-18)
7.00%
(Dec-17)
Quarter Ago
Inflow/Outflow
-199
-145
4.28%
(Mar-18)
Domestic equity market initially traded lower as investors remained
cautious ahead of the third bi- monetary policy meet due on Aug 1, 2018
and the fiscal deficit figures for Q1FY19. Upcoming policy rates decision
from major central banks across the globe also kept investors wary.
However, trend reversed towards the end and key benchmark indices
touched new highs. One of the leading large cap companies set a new
record by crossing Rs. 7.51 lakh crore in market value.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.30% and
0.33% to close at 37,606.58 and 11,356.50, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap grew 0.33% and 0.26%, respectively.
The overall market breadth on BSE was strong with 1465 scrips
advancing and 1185 scrips declining. A total of 158 scrips remained
unchanged.
On the BSE sectoral front, S&P BSE Energy stood as the major gainer,
up 1.89% followed by S&P BSE Realty that grew 1.1%. S&P BSE Consumer
Durables and S&P BSE Capital Goods grew 1.01% and 0.95%. S&P BSE
Information Technology and S&P BSE Fast Moving Consumer Goods grew
0.81% and 0.72%.
Government data showed that India’s fiscal deficit for Apr-Jun 2018
came in at Rs. 4.29 lakh crore, or 68.7% of the budgeted target for FY19
against 80.8% in the year-ago period. Net tax receipts were Rs. 2.37 lakh
crore or 16.0% of the budget estimate for FY19 compared to 14.5% in the
corresponding period of the previous year. The government’s total
expenditure for the period from Apr to Jun of 2018 stood at Rs. 7.08 lakh
crore or 29% of the budget estimate for FY19 compared to 30.3% in the
in the corresponding period of the previous year. Capital expenditure
stood at Rs. 8.70 lakh crore or 29.0% of the budget estimate for FY19,
more than 22.1% in the same period of the previous year. India aims to
cut the deficit to 3.3% of GDP in 2018-19. In 2017-18, India’s fiscal deficit
was at 3.5% of GDP.
Government data showed that the growth of index of eight core
industries rose to a seven-month high of 6.7% in Jun 2018 from 4.3% in
the previous month and 1.0% in the same month of the previous year.
The cement sector witnessed a maximum growth of 13.2% during the
period under review followed by refinery products sector and coal sector
which grew 12.0% and 11.5% respectively. However, crude oil sector and
natural gas sector witnessed a contraction of 3.4% and 2.7% respectively.
Crude oil sector and natural gas sector thus contracted for the seventh
consecutive month and second consecutive month respectively.
Jindal Steel and Power Ltd (JSPL) has won 20% of the Rs. 2,500 crore
global tender by the Indian Railways. The tender is for supply of long rails
of around 4.87 lakh metric tonne to fulfil the shortfall of supply from
Steel Authority of India Ltd. This is the first time in 30 years that private
sector has been included in railways procurement.
expenditure of Rs. 11,697.92 crore under the turnaround plan.
According to media reports, Tata Motors Ltd. consolidated net loss
stood at Rs. 1,902.4 crore in the quarter ended Jun compared to a net
profit of Rs. 3,199 crore in the same period of the previous year. The loss
can be attributed to its Jaguar Land Rover in U.K. that sold less luxury
cars to dealerships in China while cost of raw materials grew in the same
time.
Asian markets traded in mixed ahead of the U.S. Federal Reserve and
Bank of England’s monetary policy announcements later in the week.
Lower-than-expected Chinese manufacturing data for Jul and slower
industrial output in Japan for Jun weighed on the sentiments. Today (as
of Aug 1), Asian markets opened almost higher following positive cues
from Wallstreet’s last session and amid reports that U.S. and China might
restart official talks on resolving trade dispute. Nikkei and Hangseng
grew 0.49% and 0.46%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed higher following reports
that U.S. and China are attempting to restart trade talks to avoid a trade
war. Positive corporate earnings from some major companies boosted
the indices.
As per the last close, U.S markets closed almost higher following
reports that U.S. and China are trying to restart talks aimed to resolve
the trade conflict between the two countries. Meanwhile, investors
preferred to remain on the sidelines ahead of Fed's monetary policy
announcement on Aug 1, 2018.
Markets for You
FII Derivative Trade Statistics 31-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 2405.72 2647.89 21117.95
Index Options 49720.70 49575.01 49229.43
Stock Futures 13521.32 12517.70 78679.19
Stock Options 7041.45 7068.21 4789.25
Total 72689.19 71808.81 153815.82
31-Jul Prev_Day
Change
Put Call Ratio (OI) 1.73 1.72 0.01
Indian Debt Market
Put Call Ratio(Vol) 1.11 1.04 0.07
31-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 6.16% 6.27% 6.21% 6.10%
CBLO 6.24% 6.38% 6.20% 6.18%
Repo 6.25% 6.25% 6.25% 6.25%
Reverse Repo 6.00% 6.00% 6.00% 6.00%
91 Day T-Bill 6.69% 6.63% 6.48% 6.12%
364 Day T-Bill 7.24% 7.21% 7.11% 6.22%
10 Year Gilt 7.77% 7.78% 7.90% 6.47%
G-Sec Vol. (Rs.Cr) 26766 25975 27152 36804
Currency Market Update
FBIL MIBOR 6.25% 6.39% 6.25% 6.25%
3 Month CP Rate 7.50% 7.80% 7.55% 6.60%
5 Year Corp Bond 8.64% 8.72% 8.79% 7.43%
1 Month CD Rate 6.89% 6.64% 6.81% 6.22%
3 Month CD Rate 7.30% 7.04% 7.00% 6.21%
1 Year CD Rate 8.06% 7.97% 8.08% 6.52%
Commodity Market Update
Currency 31-Jul Prev_Day
Change
USD/INR 68.61 68.75 -0.15
GBP/INR 90.09 90.15 -0.06
EURO/INR 80.37 80.16 0.21
International News
JPY/INR 0.62 0.62 0.00
Commodity 31-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 69.25 70.02 74.08 50.16
Brent Crude($/bl) 74.80 74.17 76.78 52.18
Gold( $/oz) 1223 1224 1252 1269
Gold(Rs./10 gm) 29726 29897 30341 28513
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
01 August 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty August 2018 Futures closed at 11,371.6, a premium of 15.10
points, above the spot closing of 11,356.50. The turnover on NSE’s
Futures and Options segment increased to Rs. 5,29,372.26 on Jul 31
from Rs. 5,15,736.20 on Jul 30.
The Put-Call ratio stood at 0.97 against previous session’s close of
0.96.
The Nifty Put-Call ratio stood at 1.73 compared with the previous
session’s close of 1.72.
Open interest on Nifty Futures stood at 26.10 million as against the
previous session’s close at 24.80 million.
Bond yields fell after going up for two consecutive days as market
participants resorted to bargain hunting ahead of the outcome of the
third bi-monthly monetary policy review due Aug 1, 2018. The market
perception also remained divided regarding the outcome of the same.
While a section of market participants was of the view that the
Monetary Policy Committee may hike interest rates, others expect a
rate hike by the end of 2018 or in the fourth quarter of FY19
Yield on the 10-year benchmark paper (7.17% GS 2028) went down 2
bps to close at 7.77% as against its previous close of 7.79%. During the
session, bond yields traded in the range of 7.77% and 7.80%.• Banks
borrowed Rs. 2,115 crore under the central bank’s Marginal Standing
Facility on Jul 30 compared with borrowing of Rs. 600 crore on Jul 27.
The rupee rose against the greenback as foreign banks sold dollars.
Expectation of inflows from share sale in a major domestic bank also
supported Indian currency. The rupee rose 0.19% to close at a two-week
high of 68.54 against previous close of 68.67.
The euro was almost steady against the greenback as market
participants remained on the sidelines and awaited the outcome of the
Fed's monetary policy review due Aug 1, 2018. Euro was last seen
trading at $1.1710, up 0.05% compared with the previous close of
$1.1704.
Gold prices inched up as investors remained cautious ahead of the U.S.
FOMC rate decision which will provide further cues on the economic
outlook.
Brent crude prices lowered on oversupply concerns after a survey
revealed that the OPEC output in Jul was the highest in 2018.
National Association of Realtors data showed U.S. pending home sales
rebounded more than expected in Jun 2018. The pending home sales
index increased 0.9% to 106.9 in Jun after falling 0.5% to 105.9 in May
2018. Expectations were for pending home sales to increase 0.1%.
Annually, pending home sales decreased 2.5%, the sixth consecutive YoY
decrease.
According to official data, second quarter saw the euro
area economy growing at the slowest pace in two years. Inflation
surpassed the European Central Bank’s target yet again in Jul 2018.
Eurostat’s preliminary flash estimate showed gross domestic product
grew 0.3% in the second quarter against 0.4% in the first quarter. On an
annual basis, GDP growth eased to 2.1 percent from 2.5 percent in the
previous quarter.
Markets for You
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