17 Aug 2018
Markets for You
Global Indices
Global Indices 16-Aug Prev_Day Abs. Change
% Change
#
Dow Jones 25,559 25,162 396 1.58
Nasdaq 7,807 7,774 32 0.42
FTSE 7,556 7,498 59 0.78
Nikkei 22,192 22,204 -12 -0.05
Hang Seng 27,100 27,324 -224 -0.82
Indian Indices 16-Aug Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,664 37,852 -188 -0.50
Nifty 50 11,385 11,435 -50 -0.44
Nifty 100 11,648 11,703 -56 -0.48
Nifty Bank 27,827 28,022 -195 -0.70
SGX Nifty 11,417 11,470 -54 -0.47
S&P BSE Power 1,964 1,966 -2 -0.12
S&P BSE Small Cap 16,710 16,743 -33 -0.20
S&P BSE HC 14,828 14,687 141 0.96
Date P/E Div. Yield P/E Div. Yield
16-Aug 24.26 1.18 27.90 1.18
Month Ago 22.86 1.21 27.17 1.19
Year Ago 23.66 1.23 25.28 0.97
Nifty 50 Top 3 Gainers
Company 16-Aug Prev_Day
% Change
#
GAIL 394 380 3.69
Dr.Reddy 2353 2278 3.29
Sun Pharma 620 602 2.97
Nifty 50 Top 3 Losers Domestic News
Company 16-Aug Prev_Day
% Change
#
Kotak Bank 1245 1293 -3.68
Vedanta 209 215 -2.93
Zee Ente. 500 514 -2.63
Advance Decline Ratio
BSE NSE
Advances 1170 706
Declines 1556 1102
Unchanged 135 85
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -1372
MF Flows** 72753
*16
th
Aug 2018; **7
th
Aug 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
4.17%
(Jul-18)
2.36%
(Jul-17)
IIP
7.00%
(Jun-18)
-0.30%
(Jun-17)
GDP
7.70%
(Mar-18)
6.10%
(Mar-17)
17 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
Nifty
5.30%
(Mar-18)
7.00%
(Dec-17)
Quarter Ago
Inflow/Outflow
15
-371
4.58%
(Apr-18)
According to Monetary Policy Committee’s third monetary policy
meeting minutes, inflation risks remain because of factors such as MSP,
crude oil, monsoon, and GST. RBI deputy governor said retail inflation
could resume upward movement in Oct-Mar. All the members except one
voted for hike in rates. All the members agreed to maintain the neutral
stance. The committee feels there is uncertainty over domestic inflation
and it needs to be carefully monitored in the next few months. Global
developments are also a concern because rising trade protectionism
poses risk to near-term and long-term global growth prospects.
According to the government, India's crude oil imports could increase by
around $26 billion in FY19 as the rupee is lingering at record lows. The fall
in rupee has made purchase of overseas oil costlier and will lead to
increase in retail selling price of petrol, diesel and cooking gas (LPG). India
imports more than 80% of its oil requirement and spent $87.7 billion on
220.43 million tonne imports of crude oil in FY18. For FY19, the imports
are estimated at around 227 million tonne.
The Reserve Bank of India (RBI) has been asked by the finance ministry
to review its dividend and capital conservation norms. This is being done
as the government wants a clearer policy on the payouts RBI gives to the
government. The government has also requested the central bank to look
at some of its decisions particularly around liquidity management.
If household savings rate keeps declining it may become a tough
challenge for the economy, according to a report. Household savings rate
has decreased to 16.3% from 23.6% between FY12 and FY17. The
downturn was on the back of demonetisation and Goods and Services Tax
(GST) implementation. The household sector is the biggest contributor to
savings and in FY12, the rate was at a healthy 34.6%.
Markets for You
Indian equity markets closed in the red as deepening of tensions
between U.S. and Turkey weighed on investor sentiment. Rupee’s
continued fall and concerns over China’s slowing growth added to the
woes.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.50% and
0.44% to close at 37,663.56 and 11,385.05, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap fell 0.48% and 0.20%, respectively.
The overall market breadth on BSE was weak with 1170 scrips advancing
and 1556 scrips declining. A total of 135 scrips remained unchanged.
On the BSE sectoral front S&P BSE Healthcare stood as the major gainer,
up 0.96% followed by S&P BSE Information Technology that grew 0.58%.
S&P BSE Utilities and S&P BSE Teck grew 0.39% and 0.38%. The major
losers were S&P BSE Telecom and S&P BSE Power, falling 0.06% and
0.12%.
Asian markets closed lower as heightening tensions between U.S. and
Turkey and China growth concerns weighed sentiment down. U.S. said it
would continue with steel tariffs on Turkey, which has led to a crisis in the
latter’s currency. The downfall was restricted by U.S. and China agreeing
on holding fresh round of trade talks in late Aug. Today (as of Aug 17),
Asian markets opened higher following gains in the U.S. Wall Street on
reports that the U.S and China will resume trade talks. Both Nikkei and
Hang Seng were trading up 0.52% and 1.04%, respectively (as at 8.a.m.
IST).
As per the last close, European markets closed higher as investor
sentiment boosted due to easing concerns over the turmoil in Turkey and
hopes for a trade agreement between China and the U.S. Strong
corporate quarterly earnings further added to the gains.
As per the last close, U.S markets closed higher as trade war concerns
eased on news that China has accepted an invitation from the U.S. for a
new round of trade talks to be held in late Aug 2018. Strong results for
quarter ended Jun 2018 from major companies also added to the gains.
FII Derivative Trade Statistics 16-Aug
(Rs Cr) Buy
Sell Open Int.
Index Futures 1938.98 2649.57 28726.96
Index Options 66643.02 65509.32 65098.67
Stock Futures 11035.90 10971.72 86158.14
Stock Options 7911.60 7866.40 10225.61
Total 87529.50 86997.01 190209.38
16-Aug Prev_Day
Change
Put Call Ratio (OI) 1.60 1.70 -0.10
Indian Debt Market
Put Call Ratio(Vol) 1.04 1.14 -0.10
16-Aug Wk. Ago Mth. Ago
Year Ago
Call Rate 6.44% 6.38% 6.18% 5.84%
CBLO 5.84% 6.52% 6.23% 5.84%
Repo 6.50% 6.50% 6.25% 6.00%
Reverse Repo 6.25% 6.25% 6.00% 5.75%
91 Day T-Bill 6.78% 6.67% 6.53% 6.13%
364 Day T-Bill 7.28% 7.26% 7.19% 6.24%
10 Year Gilt 7.86% 7.75% 7.80% 6.53%
G-Sec Vol. (Rs.Cr) 24619 36452 29694 33146
Currency Market Update
FBIL MIBOR 6.46% 6.53% 6.30% 6.00%
3 Month CP Rate 7.70% 7.50% 7.50% 6.55%
5 Year Corp Bond 8.70% 8.61% 8.76% 7.40%
1 Month CD Rate 6.53% 6.63% 6.54% 6.09%
3 Month CD Rate 7.19% 7.12% 7.01% 6.19%
1 Year CD Rate 7.92% 7.95% 7.98% 6.48%
Commodity Market Update
Currency 16-Aug Prev_Day
Change
USD/INR 70.23 69.77 0.46
GBP/INR 89.37 89.23 0.14
EURO/INR 79.97 79.70 0.27
International News
JPY/INR 0.63 0.63 0.00
Commodity 16-Aug Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 65.39 66.76 68.17 46.75
Brent Crude($/bl) 68.40 69.74 70.02 50.28
Gold( $/oz) 1174 1212 1240 1283
Gold(Rs./10 gm) 29361 29486 30172 28726
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
17 August 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields rose following weakness in domestic currency. Geopolitical
risks and renewed concerns of widening of India’s current account
deficit for Jul 2018 weighed on the rupee. Meanwhile, investors
remained cautious ahead of the minutes of the third bi-monthly policy
meeting that was scheduled post market hours.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 4 basis
points to close at 7.86% as against previous close of 7.82%. During the
session, bond yields traded in the range of 7.83% and 7.88%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs.5,221 crore (gross) on Aug 16 compared to a
borrowing of Rs.12,550 crore on Aug 14. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 11,575
crore on Aug 14.
According to a Labor Department report, first-time claims for U.S.
unemployment benefits declined in the week ended Aug 11, 2018. Initial
jobless claims came in at 212,000, a dip of 2,000 from the previous
week's 214,000. Expectations were for jobless claims to increase to
215,000.
Eurostat preliminary data showed euro area trade surplus declined for
the third consecutive month in Jun 2018. The seasonally adjusted trade
surplus decreased to EUR 16.7 billion in Jun from EUR 16.9 billion in May
2018. Expectations were for the data to remain unchanged. Exports
increased 1.6% MoM and imports grew 1.8%.
Markets for You
Nifty August 2018 Futures closed at 11,410.9, a premium of 25.85
points, above the spot closing of 11,385.05. The turnover on NSE’s
Futures and Options segment increased to Rs. 17,76,483.56 on Aug 16
compared with Rs. 7,49,496.29 on Aug 14.
The Put-Call ratio stood at 0.84 against previous session’s close of 0.93.
The Nifty Put-Call ratio stood at 1.60 compared with the previous
session’s close of 1.70.
India VIX increased 1.58% to 13.4925 from 13.2825 in the previous
trading session.
Open interest on Nifty Futures stood at 30.72 million as against the
previous session’s close at 30.23 million.
The rupee fell against the U.S. dollar following wider than expected
India’s trade deficit data for the month of Jul 2018. However, greenback
sales by state-run banks restricted some of the losses.
The euro rose against the greenback as trade war concerns eased to
some extent on news that a Chinese delegation will travel to the U.S. for
trade talks. Euro rose further as concerns over Turkey’s currency crisis
also eased as lira stabled against the U.S. dollar.
Gold prices managed to recover with the temporary pause in the recent
U.S. dollar upsurge.
Brent Crude prices showed signs of recovery in the light of optimism
over resolution of the U.S. China trade row, which has recently rattled
the global crude oil demand outlook.
Thank you for
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