28 Aug 2018
Markets for You
Global Indices
Global Indices 27-Aug Prev_Day Abs. Change
% Change
#
Dow Jones 26,050 25,790 259 1.01
Nasdaq 8,018 7,946 72 0.91
FTSE Closed 7,577 NA NA
Nikkei 22,800 22,602 198 0.88
Hang Seng 28,271 27,672 599 2.17
Indian Indices 27-Aug Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,694 38,252 442 1.16
Nifty 50 11,692 11,557 135 1.17
Nifty 100 11,989 11,856 133 1.12
Nifty Bank 28,264 27,835 430 1.54
SGX Nifty 11,766 11,606 161 1.38
S&P BSE Power 2,090 2,042 48 2.37
S&P BSE Small Cap 16,982 16,864 118 0.70
S&P BSE HC 15,556 15,481 75 0.49
Date P/E Div. Yield P/E Div. Yield
27-Aug 25.07 1.14 28.72 1.15
Month Ago 23.47 1.18 28.02 1.19
Year Ago 23.61 1.24 25.47 0.95
Nifty 50 Top 3 Gainers
Company 27-Aug Prev_Day
% Change
#
Hindalco 230 222 3.67
Power Grid 198 191 3.59
ICICI Bank 340 330 2.95
Nifty 50 Top 3 Losers Domestic News
Company 27-Aug Prev_Day
% Change
#
Sun Pharma 622 630 -1.27
Aurobindo Pharma 689 694 -0.69
Bosch 18716 18800 -0.44
Advance Decline Ratio
BSE NSE
Advances 1432 987
Declines 1294 829
Unchanged 208 96
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -1788
MF Flows** 75079
*27
th
Aug 2018; **23
rd
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)
28 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
5.30%
(Mar-18)
7.00%
(Dec-17)
Quarter Ago
Inflow/Outflow
35
-55
4.58%
(Apr-18)
Domestic equity markets gained on the back of positive global cues and
touched all-time highs. U.S. markets gained after the Federal Reserve
chairman hinted at gradual rate hikes going forward. The chairman said
the nation’s economy and job growth would be protected through such
an approach.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 1.16% and
1.17% to close at 38,694.11 and 11,691.95, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap grew 1.07% and 0.70%, respectively.
On the BSE sectoral front, S&P BSE Utilities stood as the major gainer,
up 2.44% followed by S&P BSE Power that grew 2.37%. S&P BSE Bankex
and S&P BSE Information Technology grew 1.69 and 1.54%. S&P BSE Teck
and S&P BSE Metal grew 1.54% and 1.45%. S&P BSE Realty was the only
loser, down 0.16%.
On the BSE sectoral front, S&P BSE Utilities stood as the major gainer,
up 2.44% followed by S&P BSE Power that grew 2.37%. S&P BSE Bankex
and S&P BSE Information Technology grew 1.69 and 1.54%. S&P BSE Teck
and S&P BSE Metal grew 1.54% and 1.45%. S&P BSE Realty was the only
loser, down 0.16%.
The Securities and Exchange Board of India (SEBI) could allow ‘on tap
public issue of bonds’, according to media reports. ‘Bond tap’ gives
companies the flexibility to time the market, cut cost and reduce
paperwork for raising money. It will allow corporates to sell bonds via
stock exchanges directly to investors, including retail investors.
Companies could through bond tap sell any time and as many times
during a fiscal after filing a prospectus. A corporate can plan when to
enter the market after filing the tap bond issue prospectus.
According to the media reports, the government is planning to
complete approximately three-fourths of its disinvestment target by the
end of Dec 2018. Approximately 15 companies are in the pipeline in
which the government will sell stakes to achieve this interim goal. So far,
the government has raised approximately Rs. 9,200 crore against the
target of Rs. 80,000 crore for FY19. The government will have to
generate Rs. 50,000 crore more to reach the year-end objective of Rs.
59,000 crore.
According to media reports, Berkshire Hathaway Inc is considering
investing about Rs. 20 billion to Rs. 25 billion ($285.4-356.7 million) in
India's One97 Communications Ltd which happens to be the parent
company of digital payments firm Paytm.
According to media reports, Amazon is negotiating with Future Group
to invest around $600-700 million for a 12% to 15% stake in the retail
major.
According to media reports, the construction arm of Larsen & Toubro
has won an order worth Rs. 13.94 billion (Rs 1,394 crore) for the
execution of the Kundalia Irrigation Project - Right Bank in Madhya
Pradesh.
According to the Steel Minister, state run unit Steel Authority of India
Ltd. is considering locations in three states of Gujarat, Andhra Pradesh
and Maharashtra to set up Rs. 50-billion auto-grade steel plant in joint
venture with Arcelor Mittal.
Asian equity markets ended higher as U.S. Federal Reserve chairman’s
comments buoyed investor sentiment across the globe. The chairman
said gradual rate hikes are apt for the U.S. economy and job growth.
Also, China’s central bank deciding to adjust its daily "fix" formula to
stabilize the currency helped markets gain. Today (as of Aug 28), Asian
markets opened on a positive note following reports that U.S. and
Mexico reached a trade agreement. Nikkei and Hangseng grew 0.75%
and 0.95%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed on a higher note as
strong German business confidence data for Aug 2018 improved market
sentiment. Further, investors continued to react positively to the Federal
Reserve’s (Fed) Chairman’s last week’s comments on Fed’s policy-
tightening path. However, concerns over risks faced by Turkey capped
the gains.
As per the last close, U.S markets closed on a higher note after U.S.
and Mexico closed a new trade deal, thereby potentially removing
uncertainty that was troubling the investors over the past few months.
Markets for You
FII Derivative Trade Statistics 27-Aug
(Rs Cr) Buy
Sell Open Int.
Index Futures 2405.07 2452.13 32684.19
Index Options 77567.79 77570.68 70809.87
Stock Futures 15459.29 15681.79 88420.58
Stock Options 11480.39 11614.81 12203.26
Total 106912.54 107319.41 204117.90
27-Aug Prev_Day
Change
Put Call Ratio (OI) 1.85 1.63 0.22
Indian Debt Market
Put Call Ratio(Vol) 1.13 1.09 0.05
27-Aug Wk. Ago Mth. Ago
Year Ago
Call Rate 6.34% 6.38% 6.14% 5.90%
CBLO 6.40% 6.38% 6.21% 5.96%
Repo 6.50% 6.50% 6.25% 6.00%
Reverse Repo 6.25% 6.25% 6.00% 5.75%
91 Day T-Bill 6.77% 6.79% 6.70% 6.13%
364 Day T-Bill 7.28% 7.28% 7.23% 6.22%
10 Year Gilt 7.89% 7.84% 7.78% 6.54%
G-Sec Vol. (Rs.Cr) 23721 17078 18953 36130
Currency Market Update
FBIL MIBOR 6.54% 6.50% 6.27% 6.05%
3 Month CP Rate 7.80% 7.75% 7.50% 6.55%
5 Year Corp Bond 8.67% 8.66% 8.66% 7.39%
1 Month CD Rate 6.69% 6.53% 6.88% 6.06%
3 Month CD Rate 7.23% 7.18% 7.33% 6.19%
1 Year CD Rate 7.99% 8.01% 7.99% 6.49%
Commodity Market Update
Currency 27-Aug Prev_Day
Change
USD/INR 70.04 70.14 -0.10
GBP/INR 89.95 89.97 -0.02
EURO/INR 81.30 81.17 0.13
International News
JPY/INR 0.63 0.63 0.00
Commodity 27-Aug Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 69.62 66.45 68.61 47.62
Brent Crude($/bl) 73.60* 70.30 75.48 52.51
Gold( $/oz) 1211 1190 1223 1291
Gold(Rs./10 gm) 29869 29381 29722 28879
Source: Thomson Reuters Eikon *As on Aug 24, 2018
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
28 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 11705.35, a premium of 13.40
points, above the spot closing of 11,691.95. The turnover on NSE’s
Futures and Options segment increased to Rs. 7,83,115.45 on Aug 27
compared with Rs. 7,19,822.91 on Aug 24.
The Put-Call ratio stood at 1.01 against previous session’s close of
0.93.
The Nifty Put-Call ratio stood at 1.85 compared with the previous
session’s close of 1.63.
Open interest on Nifty Futures stood at 35.29 million as against the
previous session’s close at 34.54 million.
Bond yields rose as weakening of the rupee and rise in crude oil prices
dampened demand for domestic bonds.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 2 bps to
close at 7.89% from the previous closing of 7.87% after trading in a
range of 7.86% to 7.90%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,948 crore (gross) on Aug 27 compared to a
borrowing of Rs. 7,649 crore on Aug 24. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 29,634
crore on Aug 24.
Banks borrowed Rs. 30 crore under the central bank’s Marginal
Standing Facility on Aug 24 compared to that of Aug 23 when banks
borrowed Rs. 170 crore.
The rupee fell record low against the U.S. dollar after increased
demand of greenback from importers outweighed early gains from steps
taken by China and remarks from the U.S. Federal Reserve chief.
The euro rose against the greenback as investor’s sentiments
improved on hopes that U.S. and Mexico will arrive at a solution on the
North American Free Trade Agreement (NAFTA).
Gold prices marginally inched down on stronger dollar and hopes of a
positive outcome U.S. and Mexican trade negotiations.
Brent crude prices marginally moved down on concerns over the
global growth slowdown as the latest U.S-China trade talks did not end
with any major progress.
The U.S. Federal Reserve Chief in a speech at the Jackson Hole
symposium affirmed that the U.S. Central Bank would continue with its
strategy of raising interest rates gradually so as to protect economic
growth.
The People’s Bank of China (PBOC) changed the methodology of how it
manages the country’s currency. The PBOC announced that it was
reintroducing a calculation method knows as "counter-cyclical factor" in
order to keep the yuan's daily midpoint fixed to a relatively stable value.
Data from Ifo Institute showed that Germany's business confidence
improved in Aug 2018. The business confidence index rose more-than-
expected to 103.8 in Aug 2018 from 101.7 in Jul 2018.
Markets for You
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