09 Aug 2018
Markets for You
Global Indices
Global Indices 08-Aug Prev_Day Abs. Change
% Change
#
Dow Jones 25,584 25,629 -45 -0.18
Nasdaq 7,888 7,884 5 0.06
FTSE 7,777 7,718 58 0.75
Nikkei 22,644 22,663 -18 -0.08
Hang Seng 28,359 28,249 110 0.39
Indian Indices 08-Aug Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,888 37,666 222 0.59
Nifty 50 11,450 11,389 61 0.53
Nifty 100 11,732 11,676 56 0.48
Nifty Bank 28,062 27,876 187 0.67
SGX Nifty 11,478 11,426 53 0.46
S&P BSE Power 1,988 1,994 -6 -0.28
S&P BSE Small Cap 16,868 16,862 6 0.03
S&P BSE HC 14,503 14,551 -48 -0.33
Date P/E Div. Yield P/E Div. Yield
8-Aug 24.38 1.16 28.23 1.17
Month Ago 22.71 1.24 26.62 1.21
Year Ago 24.05 1.22 25.50 0.97
Nifty 50 Top 3 Gainers
Company 08-Aug Prev_Day
% Change
#
ONGC 173 168 2.95
RIL 1218 1184 2.83
Bajaj Finance 2813 2747 2.40
Nifty 50 Top 3 Losers Domestic News
Company 08-Aug Prev_Day
% Change
#
Lupin 826 867 -4.74
Maruti 9207 9412 -2.17
HPCL 283 289 -2.04
Advance Decline Ratio
BSE NSE
Advances 1296 880
Declines 1442 895
Unchanged 131 111
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -2739
MF Flows** 72502
*8
th
Aug 2018; **3
rd
Aug 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)
09 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
117
113
4.28%
(Mar-18)
Indian equity markets ended at all-time highs as an index heavyweight
gained after it finalised a stake buy in a leading entertainment and media
company. Positive cues emanated from global markets on expectations
of higher corporate earnings. However, investors remained cautious of
U.S. China trade tensions after the U.S. administration indicated to
impose 25% tariffs on $16 billion in Chinese imports starting on Aug 23,
2018. Meanwhile, the International Monetary Fund (IMF) stated that
India's central bank need to gradually tighten monetary policy further
due to rising inflation numbers.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.59% and
0.53% to close at 37,887.56 and 11,450.00, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap grew 0.61% and 0.03%, respectively.
On the BSE sectoral front, S&P BSE Energy stood as the major gainer,
up 1.86% followed by S&P BSE Telecom that grew 1.71%. S&P BSE
Consumer Durables and S&P BSE Bankex grew 1.25% and 0.78%. S&P BSE
Realty and S&P BSE Utilities were the major losers, down 0.03% and
0.06%.
The Lok Sabha has approved a gross additional expenditure of Rs.
11,697.92 crore under the first batch of supplementary demands for
grants for the current fiscal. The government will seek Parliament's
approval to spend Rs. 1,791.62 crore under the Agriculture Ministry, Rs.
1,500 crore under Textiles Ministry and Rs. 1,057.84 crore under the
Defence Ministry. Rs. 1,708 crore are being sought for the Petroleum
Ministry.
The International Monetary Fund (IMF) has described the Goods and
Services Tax (GST) as a "milestone reform" in its annual country report.
At the same time the bank has pushed for a simplified structure as it
feels multiple rate structures and other features will raise compliance
and administrative costs. IMF said GST can be progressive and could
preserve revenue neutrality.
The next draft of ecommerce policy may be brought within the next 10
days by the government. The first draft was tabled by the department of
commerce last week. The draft includes a proposal to allow 49% foreign
direct investment in inventory model on the condition that Indian goods
are sold.
Hindustan Petroleum Corp. Ltd (HPCL) registered 86% increase in profit
for the quarter ended Jun 2018. Strong refining margins were behind the
good show. Net profit surged to Rs. 1,719 crore in the period from Rs.
925 crore in the corresponding quarter in the previous year.
The Competition Commission has given U.S. retail behemoth Walmart’s
proposal to takeover India’s Flipkart a go-ahead. Walmart will acquire
77% stake in Flipkart at $20.8 billion.
IIFL Wealth Management is close to taking over majority stake in
Chennai-based Wealth Advisors at Rs. 500 crore in a mix of cash and
stock options. Wealth Advisors is a private wealth and family officer
manager. Mumbai-based IIFL Wealth Management was founded in 2008
and has Rs. 1.4 lakh crore assets under management.
India’s Future Group has formed a joint venture with New Zealand's
Fonterra, the world’s biggest dairy exporter. The two will launch dairy
products in India.
Asian markets traded in mixed as investors remained wary on news
that U.S. is going to start imposing 25% tariff on more Chinese goods
worth $16 billion in Aug. However, Chinese export stood higher than
expectations in Jul albeit the trade surplus fell over the month. Today (as
of Aug 9), Asian markets opened almost lower following weak cues from
Wallstreet’s last session amid trade war tensions. Nikkei and Hangseng
fell 0.30% and 0.12%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed almost lower amid trade
war concerns after China retaliated 25% tariff on $16 billion of U.S.
goods. However, gains in one of the chemical major stock following
reports of its stake sale in a rubber-maker company capped the losses.
Also, gains in auto and technology stocks boosted the indices.
As per the last close, U.S markets closed almost lower following
announcement of 25% tariff by Chinese Ministry of Commerce on $16
billion worth of U.S. goods. However, gains in technology stocks capped
the losses.
Markets for You
FII Derivative Trade Statistics 08-Aug
(Rs Cr) Buy
Sell Open Int.
Index Futures 1732.24 1600.94 26636.51
Index Options 50403.69 52075.29 60394.18
Stock Futures 11999.53 12020.70 83275.79
Stock Options 6949.88 7204.18 8824.33
Total 71085.34 72901.11 179130.81
08-Aug Prev_Day
Change
Put Call Ratio (OI) 1.77 1.68 0.09
Indian Debt Market
Put Call Ratio(Vol) 1.20 1.15 0.06
08-Aug Wk. Ago Mth. Ago
Year Ago
Call Rate 6.43% 6.17% 6.15% 5.90%
CBLO 6.45% 6.19% 4.99% 6.01%
Repo 6.50% 6.50% 6.25% 6.00%
Reverse Repo 6.25% 6.25% 6.00% 5.75%
91 Day T-Bill 6.65% 6.77% 6.33% 6.12%
364 Day T-Bill 7.27% 7.26% 7.16% 6.18%
10 Year Gilt 7.78% 7.70% 7.87% 6.46%
G-Sec Vol. (Rs.Cr) 20205 55981 17580 25276
Currency Market Update
FBIL MIBOR 6.47% 6.25% 6.19% 6.02%
3 Month CP Rate 7.55% 7.65% 7.20% 6.59%
5 Year Corp Bond 8.61% 8.57% 8.86% 7.37%
1 Month CD Rate 6.63% 6.78% 6.30% 6.13%
3 Month CD Rate 7.18% 7.40% 7.00% 6.19%
1 Year CD Rate 7.99% 8.10% 8.12% 6.49%
Commodity Market Update
Currency 08-Aug Prev_Day
Change
USD/INR 68.65 68.80 -0.15
GBP/INR 88.82 89.14 -0.32
EURO/INR 79.72 79.56 0.16
International News
JPY/INR 0.62 0.62 0.00
Commodity 08-Aug Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 66.87 68.42 73.73 49.02
Brent Crude($/bl) 69.90 72.92 74.57 52.54
Gold( $/oz) 1213 1215 1254 1260
Gold(Rs./10 gm) 29418 29664 30540 28447
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
09 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 11,467.65, a premium of 17.65
points, above the spot closing of 11,450.00. The turnover on NSE’s
Futures and Options segment increased to Rs. 9,93,827.11 on Aug 8
compared with Rs. 5,62,374.58 on Aug 7.
The Put-Call ratio stood at 0.98 against previous session’s close of
0.99.
The Nifty Put-Call ratio stood at 1.77 compared with the previous
session’s close of 1.68.
Open interest on Nifty Futures stood at 28.97 million as against the
previous session’s close at 28.02 million.
Bond yields closed almost steady as market participants preferred to
stay on the sidelines due to lack of cues. In addition, the rise in oil prices
on supply worries after U.S. introduced sanction against Iran raised
inflationary concerns, especially ahead of the key retail inflation data for
Jul 2018 due on Aug 13, 2018.
Yield on the 10-year benchmark paper (7.17% GS 2028) declined 1 bps
to close at 7.78% as against its previous close of 7.79%. During the
session, bond yields traded in the range of 7.77% and 7.79%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 8,941 crore (gross) on Aug 8, compared with Rs.
4,281 crore (gross) borrowed on Aug 7. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 10,320
crore on Aug 7.
Banks did not borrow under the central bank’s Marginal Standing
Facility on Aug 7 and Aug 6.
The rupee strengthened against the greenback for the second
consecutive day after taking positive cues from the gains in the domestic
equity market and continued weakness in dollar as market participant
look for fresh triggers. The rupee improved 0.09% to settle at 68.62
against the previous close of 68.68.
The euro inched down against the greenback following escalation in
trade tensions between U.S. and China. Euro was last seen trading at
$1.1590, down 0.06% relative to the previous close of $1.1597.
Gold prices saw little change as the equity market gained strength from
strong corporate results.
Brent crude slipped after a Chinese data revealed a slowdown in
demand, evident from the drop in crude oil imports with July seeing the
third-lowest import.
Bank of France data showed the country’s economic growth could
improve in the third quarter. Gross domestic product is expected to
expand 0.4% in the third quarter against 0.2% in the second quarter.
Manufacturing business sentiment index remained steady at 101 in Jul
2018. Industrial activity is expected to increase more rapidly in Aug
2018. Confidence indicator for services dropped to 102 in Jul 2018 from
103 in Jun 2018.
General Administration of Customs data showed China's exports grew
more than expected in Jul 2018 even as U.S. imposed tariffs on $34
billion Chinese goods. Exports went up 12.2% YoY in Jul, which is greater
than expectations. Imports increased 27.3% YoY, way above
expectations of 16.5% increase.
Markets for You
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