10 Aug 2018
Markets for You
Global Indices
Global Indices 09-Aug Prev_Day Abs. Change
% Change
#
Dow Jones 25,509 25,584 -75 -0.29
Nasdaq 7,892 7,888 3 0.04
FTSE 7,742 7,777 -35 -0.45
Nikkei 22,598 22,644 -46 -0.20
Hang Seng 28,607 28,359 248 0.88
Indian Indices 09-Aug Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,024 37,888 137 0.36
Nifty 50 11,471 11,450 21 0.18
Nifty 100 11,756 11,732 24 0.21
Nifty Bank 28,320 28,062 258 0.92
SGX Nifty 11,488 11,478 10 0.09
S&P BSE Power 2,008 1,988 20 1.02
S&P BSE Small Cap 16,917 16,868 49 0.29
S&P BSE HC 14,403 14,503 -99 -0.69
Date P/E Div. Yield P/E Div. Yield
9-Aug 24.42 1.16 28.11 1.17
Month Ago 23.02 1.22 26.82 1.20
Year Ago 23.91 1.23 25.31 0.97
Nifty 50 Top 3 Gainers
Company 09-Aug Prev_Day
% Change
#
ICICI Bank 333 319 4.49
Axis Bank 621 596 4.15
Hindalco 227 221 3.11
Nifty 50 Top 3 Losers Domestic News
Company 09-Aug Prev_Day
% Change
#
Bharti Airtel 367 385 -4.74
Cipla 619 633 -2.12
ONGC 169 173 -2.09
Advance Decline Ratio
BSE NSE
Advances 1331 924
Declines 1351 882
Unchanged 146 85
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -1822
MF Flows** 72753
*9
th
Aug 2018; **7
th
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)
10 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
15
917
4.28%
(Mar-18)
Indian Equity markets closed in the green touching new highs with
Sensex surpassing 38,000 mark for the first time. Gains in banking stocks
following announcement by the Reserve Bank of India to pay dividend of
Rs. 50,000 crore to the government, in line with the Union Budget
provisions boosted the indices. Uninterrupted foreign and domestic fund
inflows and optimism over corporate earnings added to the gains.
Further, buying interest in realty and FMCG stocks also led to gains.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.36% and
0.18% to close at 38,024.37 and 11,470.70, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap grew 0.59% and 0.29%.
On the BSE sectoral front, S&P BSE Realty stood as the major gainer, up
2.39% followed by S&P BSE Metal that grew 1.37%. S&P BSE Bankex and
S&P BSE Power grew 1.32% and 1.02%. S&P BSE Telecom stood as the
major loser and was down 1.31%, followed by S&P BSE Consumer
Durables that fell 0.87%. S&P BSE Healthcare and S&P BSE Capital Goods
fell 0.69% and 0.28%, respectively.
The government is all set to launch a new industrial policy that will aim
to fasten regulatory reforms and lower power tariffs. This will make
businesses more competitive and create more jobs. The Department of
Industrial Policy and Promotion (DIPP) is in the final stages and will
present the new policy to the cabinet for its approval in the next two
weeks. The proposals will streamline matters regarding labour laws,
taxation provisions and land leasing.
According to the income tax department, it will only take up high tax
evasion cases under scrutiny. Under assessment year 2017-18, 6.86 crore
returns have been filed and such cases account for about 0.35% of it. Out
of the 0.35%, 0.15% are for 'limited scrutiny' and 0.20% for 'full scrutiny'.
According to a report, optimism level among the country’s chief
financial officers for the Jul-Sep period has gone up compared with the
previous quarter. Distribution of rainfall, raw material costs and revival in
demand will be the deciding factors in the future, the report said. The
Dun & Bradstreet Composite CFO Optimism Index for the third quarter of
2018 was unchanged YoY but increased 9.6% on a QoQ basis. CFOs’
optimism hinges around factors such overall financial health of their
companies, business risk environment and macroeconomic scenario.
According to media reports, Essar Oil and Gas Exploration and
Production announced that it has signed a 15-year Gas Sale and Purchase
Agreement (GSPA) with state-run gas utility GAIL. Under the contract,
the company will be able to monetize its entire coal bed methane
production of 2.3 mmscmd from the Raniganj East block at a globally
competitive price.
According to media reports, Larsen & Toubro's power business has
bagged an order worth Rs. 1,080 crore. The company has got two orders
for setting up flue gas desulphurization systems at its supercritical
thermal power plants at Khargone in Madhya Pradesh and at Lara in
Chhattisgarh.
Asian markets were mixed as trade war concerns intensified after China
announced counter tariffs against U.S. move to raise duty on Chinese
imports. U.S. stating that it would soon put new sanctions on Russia
made investors wary. Nevertheless, increase in consumer inflation in
China buoyed the markets of the country. Today (as of Aug 10), Asian
markets opened on a mixed note following mixed cues from Wall Street’s
last session. Weakness in mining stocks weighed on the indices. Nikkei
fell 0.46% and Hangseng rose 0.12% (as at 8.a.m. IST).
As per the last close, European markets closed on a mixed note.
Concerns over intensifying trade dispute between U.S. and China
weighed on the indices. However, gains in retail stocks boosted the
indices. Further, investors remained focused towards mixed corporate
earnings results.
As per the last close, U.S markets closed on a mixed note. Lingering
trade war concerns weighed on the market sentiment. However, gains in
technology stocks and upbeat corporate earnings results capped the
losses.
Markets for You
FII Derivative Trade Statistics 09-Aug
(Rs Cr) Buy
Sell Open Int.
Index Futures 2863.78 2204.82 27737.94
Index Options 92342.34 92974.78 60824.38
Stock Futures 10878.12 10793.21 83926.73
Stock Options 5546.71 5706.08 9470.90
Total 111630.95 111678.89 181959.95
09-Aug Prev_Day
Change
Put Call Ratio (OI) 1.80 1.77 0.03
Indian Debt Market
Put Call Ratio(Vol) 1.23 1.20 0.03
09-Aug Wk. Ago Mth. Ago
Year Ago
Call Rate 6.38% 6.34% 6.18% 5.91%
CBLO 6.52% 6.38% 6.10% 6.02%
Repo 6.50% 6.50% 6.25% 6.00%
Reverse Repo 6.25% 6.25% 6.00% 5.75%
91 Day T-Bill 6.67% 6.76% 6.34% 6.14%
364 Day T-Bill 7.26% 7.25% 7.13% 6.22%
10 Year Gilt 7.75% 7.72% 7.89% 6.47%
G-Sec Vol. (Rs.Cr) 36452 51915 12798 26849
Currency Market Update
FBIL MIBOR 6.53% 6.46% 6.25% 6.04%
3 Month CP Rate 7.50% 7.65% 7.15% 6.58%
5 Year Corp Bond 8.61% 8.61% 8.86% 7.38%
1 Month CD Rate 6.63% 6.72% 6.33% 6.12%
3 Month CD Rate 7.12% 7.18% 7.01% 6.19%
1 Year CD Rate 7.95% 7.95% 8.15% 6.49%
Commodity Market Update
Currency 09-Aug Prev_Day
Change
USD/INR 68.62 68.65 -0.02
GBP/INR 88.35 88.82 -0.47
EURO/INR 79.63 79.72 -0.08
International News
JPY/INR 0.62 0.62 0.00
Commodity 09-Aug Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 66.76 68.90 73.88 49.54
Brent Crude($/bl) 69.74 73.59 76.87 52.52
Gold( $/oz) 1212 1208 1257 1277
Gold(Rs./10 gm) 29486 29577 30622 28560
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
10 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 11,487.55, a premium of 16.85
points, above the spot closing of 11,470.70. The turnover on NSE’s
Futures and Options segment increased to Rs. 16,70,334.12 on Aug 9
compared with Rs. 9,93,827.11 on Aug 8.
The Put-Call ratio stood at 0.97 against previous session’s close of
0.98.
The Nifty Put-Call ratio stood at 1.80 compared with the previous
session’s close of 1.77.
Open interest on Nifty Futures stood at 29.67 million as against the
previous session’s close at 28.97 million.
Bond yields declined after crude oil prices dropped, easing worries of
increase in domestic inflationary pressures, particularly as investors are
waiting for the key retail inflation data for Jul 2018 due on Aug 13, 2018.
Crude oil prices tumbled on renewed U.S.-China trade tension and
demand concerns raised by a Chinese data that showed a fall in crude oil
imports in July.
Yield on the 10-year benchmark paper (7.17% GS 2028) dropped 3 bps
to close at 7.75% as against its previous close of 7.78%. During the
session, bond yields traded in the range of 7.74% and 7.76%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 19,480 crore (gross) on Aug 9, compared with
Rs. 8,941 crore (gross) borrowed on Aug 8. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 3,747
crore on Aug 8.
The rupee declined against the greenback following the renewed trade
tension between U.S. and China that supported dollar and more than
compensated the positive cues from the overnight fall in crude oil prices
and a strong Chinese yuan led by the gains in its equity market.
The euro inched down against the greenback as the latter
strengthened due to the escalated U.S.-China trade conflict with China
announcing 25% import tariffs on U.S. goods.
Gold prices inched up as market participants wait for the outcome of
the U.S.-Japan trade negotiations on Japanese auto exports.
Brent crude improved after witnessing a steep decline in the previous
session. The U.S.’s sanction against Iran relating to the oil exports
steadied the oil prices.
According to the European Central Bank (ECB), uncertainties
emanating due to global factors, notably the threat of protectionism
remain prominent. The ECB further added that global financial markets
is witnessing significant volatility which needs to be monitored. On a
separate note, ECB noted that uncertainty regarding the inflation
outlook in the euro zone is receding and the same is expected to pick up
towards the end of the year and increase gradually over the medium
term.
Data from the National Bureau of Statistics showed that consume
price inflation grew 2.1% on a yearly basis in Jul 2018 from 1.9% in Jun
2018. However, inflation continues to remain well below the
government's full year-target of around 3%.
Markets for You
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