30 Aug 2018
Markets for You
Global Indices
Global Indices 29-Aug Prev_Day Abs. Change
% Change
#
Dow Jones 26,125 26,064 61 0.23
Nasdaq 8,110 8,030 80 0.99
FTSE 7,563 7,617 -54 -0.71
Nikkei 22,848 22,813 35 0.15
Hang Seng 28,416 28,352 65 0.23
Indian Indices 29-Aug Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,723 38,897 -174 -0.45
Nifty 50 11,692 11,739 -47 -0.40
Nifty 100 11,999 12,028 -30 -0.25
Nifty Bank 28,224 28,270 -46 -0.16
SGX Nifty 11,737 11,802 -65 -0.55
S&P BSE Power 2,099 2,099 -1 -0.03
S&P BSE Small Cap 17,053 17,043 9 0.05
S&P BSE HC 15,473 15,533 -60 -0.38
Date P/E Div. Yield P/E Div. Yield
29-Aug 24.89 1.14 28.55 1.14
Month Ago 23.47 1.18 28.02 1.19
Year Ago 23.44 1.25 25.31 0.95
Nifty 50 Top 3 Gainers
Company 29-Aug Prev_Day
% Change
#
Bosch 20078 18885 6.32
United Phos 680 654 3.95
Bajaj Finance 2986 2933 1.80
Nifty 50 Top 3 Losers Domestic News
Company 29-Aug Prev_Day
% Change
#
Coal India 286 295 -2.85
Power Grid 193 197 -2.08
RIL 1294 1319 -1.88
Advance Decline Ratio
BSE NSE
Advances 1254 845
Declines 1451 953
Unchanged 171 93
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -1401
MF Flows** 76406
*29
th
Aug 2018; **28
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)
30 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
-151
-49
4.58%
(Apr-18)
The government has increased its estimate of food grain production for
the current crop year, which ends in Jun 2018. Normal rains in the last
monsoon had increased production of wheat, coarse, rice, pulses and
cereals. The fourth advance estimates of major crops by the agriculture
ministry have raised the May forecast by 1.9% and estimated output at a
record 284.83 million tonne. The previous record was in 2016-17 at
275.11 million tonne. The fifth and final estimate will be released in Dec-
Jan.
The Department of Industrial Policy and Promotion (DIPP) does not
want foreign direct investment (FDI) in inventory-based ecommerce.
DIPP said there is need for a regulator to supervise the sector. The
department of commerce had planned up to 49% FDI in inventory-based
ecommerce for goods made 100% locally.
The Union cabinet has approved an extra 2% hike in Dearness
Allowance (DA) and Dearness Relief (DR). This move will benefit around
1.1 crore central government employees and pensioners. It would pinch
the exchequer by Rs. 6,112.20 crore per annum for DA and Rs. 4,074.80
crore for DR in 2018-19. The hike will come into effect from Jul 1, 2018.
According to media reports, the Reserve Bank of India could be
decreasing the circulation of Rs. 2000 currency notes. The step would be
in the direction of limiting hoarding of the high-value note and
proliferation of black money. The proportion of Rs. 2,000 currency notes
in circulation has dropped to 37% of total notes, from 50% previously.
According to a poll by a leading news agency, India could have grown
7.6% in the Apr-Jun quarter. The reasons behind growth have been given
as improvement in manufacturing and exports. In a poll of 50
economists, the median consensus put annual economic growth a little
lower than the near two-year high of 7.7% in the Jan-Mar
quarter. Forecasts ranged between 7.0% and 8.0%. The results point at
strong domestic demand on the back of manufacturing activity.
Manufacturing activity was solid in spite of increased oil prices and a
weak rupee.
Markets for You
Majority of the Asian markets closed higher, driven by optimism over
the highly anticipated meeting between U.S. and Canada regarding the
future of the three-nation North American Free Trade Agreement.
Investors also awaited the China's official factory PMI for Aug, scheduled
on Aug 31. Today (as of Aug 30), Asian markets opened on a mixed note.
Gains in Wall Street’s last session and Canada’s rejoining of negotiations
for NAFTA boosted the indices. Investors likely remained focused on few
key economic data scheduled later in the day. Nikkei grew 0.27% and
Hangseng fell 0.27% (as at 8.a.m. IST).
As per the last close, European markets closed on a mixed note as
investors remained focused towards renewed trade talks between the
U.S., Canada, and Mexico and the ongoing Brexit negotiations between
the U.K. and the European Union.
As per the last close, U.S markets closed higher following gains in
technology (tech) stocks after a multinational investment bank raised its
target price for two major U.S. tech stocks. Also, optimism over renewed
trade talks between the U.S., Canada, and Mexico boosted the indices.
Indian equity markets witnessed substantial sell off in the last hour of
the trading session to close in the red. Rise in global crude oil prices due
to withholding of supply by Iran coupled with depreciating rupee, which
hit record low of Rs. 70.59 per U.S. dollar, contributed to the market
woes.
Investor sentiments were hardly impacted by the Union Cabinet’s
approval of an additional instalment of dearness allowance for central
government employees and dearness relief to pensioners effective from
Jul 1, 2018. Market participants remained cautious ahead of the expiry of
August series of F&O, scheduled on Aug 30.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.45% and
0.40% to close at 38722.93 and 11691.90, respectively. Meanwhile, up-
move was seen in broader markets with S&P BSE Mid-Cap and S&P BSE
Small Cap rising by 0.47% and 0.05%, respectively.
On the BSE sectoral front, majority of the indices closed in the red. S&P
BSE Energy was the major loser, down 1.13%, followed by S&P BSE
Telecom and S&P BSE Teck, which fell 0.71% and 0.50%, respectively. S&P
BSE IT and S&P BSE Healthcare slipped 0.41% and 0.38%, respectively.
FII Derivative Trade Statistics 29-Aug
(Rs Cr) Buy
Sell Open Int.
Index Futures 8597.62 8313.47 32804.84
Index Options 93892.26 94405.04 70674.32
Stock Futures 32776.86 32592.46 90416.05
Stock Options 10780.67 11096.58 11972.50
Total 146047.41 146407.55 205867.71
29-Aug Prev_Day
Change
Put Call Ratio (OI) 1.79 1.94 -0.16
Indian Debt Market
Put Call Ratio(Vol) 1.01 1.14 -0.13
29-Aug Wk. Ago Mth. Ago
Year Ago
Call Rate 6.32% 6.42% 6.14% 5.85%
CBLO 6.33% 6.47% 6.21% 5.76%
Repo 6.50% 6.50% 6.25% 6.00%
Reverse Repo 6.25% 6.25% 6.00% 5.75%
91 Day T-Bill 6.81% 6.81% 6.70% 6.07%
364 Day T-Bill 7.32% 7.29% 7.23% 6.23%
10 Year Gilt 7.92% 7.83% 7.78% 6.53%
G-Sec Vol. (Rs.Cr) 25021 26516 18953 40393
Currency Market Update
FBIL MIBOR 6.46% 6.50% 6.27% 6.00%
3 Month CP Rate 7.70% 7.75% 7.50% 6.56%
5 Year Corp Bond 8.75% 8.62% 8.66% 7.34%
1 Month CD Rate 6.70% 6.54% 6.88% 6.04%
3 Month CD Rate 7.26% 7.18% 7.33% 6.17%
1 Year CD Rate 8.04% 8.03% 7.99% 6.50%
Commodity Market Update
Currency 29-Aug Prev_Day
Change
USD/INR 70.50 70.17 0.34
GBP/INR 90.63 90.33 0.30
EURO/INR 82.34 81.93 0.41
International News
JPY/INR 0.63 0.63 0.00
Commodity 29-Aug Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 69.63 67.27 68.61 46.41
Brent Crude($/bl) 75.70 70.84 75.48 52.43
Gold( $/oz) 1206 1196 1223 1309
Gold(Rs./10 gm) 30048 29529 29722 29636
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
30 August 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields rose for the fourth consecutive session after the rupee
weakened to a record low against the greenback. Market sentiments
were also dampened as global crude oil prices continued to remain at
elevated levels. Both the aspects have fueled concerns of foreign fund
outflow from the domestic debt market and worries of domestic
inflationary pressures rising in the coming months which might lead to
further monetary tightening by the Monetary Policy Committee.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 2 bps to
close at 7.92% from the previous closing of 7.90% after trading in a
range of 7.89% to 7.92%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,666 crore (gross) on Aug 29 compared to a
borrowing of Rs. 5,151 crore on Aug 28.
A report released by the Conference Board showed that the consumer
confidence index in U.S. surged up to 133.4 in Aug 2018 from an
upwardly revised 127.9 in Jul 2018 (127.4 originally reported). The
expectations index also rose to 107.6 in Aug 2018 after falling to 102.4 in
the previous month.
According to the European Central Bank Executive Board Member and
Chief Economist Peter Praet, the monetary policy was effective in
imparting stability to the euro zone economy. However, he also added
that patience and persistence was needed and risks need to be closely
monitored.
Markets for You
Nifty August 2018 Futures closed at 11,707.10, a premium of 15.20
points, above the spot closing of 11,691.90. The turnover on NSE’s
Futures and Options segment increased to Rs. 10,80,211.83 on Aug 29
compared with Rs. 9,93,882.37 on Aug 28.
The Put-Call ratio stood at 0.91 against previous session’s close of 0.99.
The Nifty Put-Call ratio stood at 1.79 compared with the previous
session’s close of 1.94.
India VIX went up 0.08% to 12.4350 from 12.4250 in the previous
trading session.
Open interest on Nifty Futures stood at 34.66 million as against the
previous session’s close at 34.65 million.
The rupee plummeted to a record low against the greenback due to
month end dollar demand from oil importers. However, intervention by
the Reserve Bank of India restricted further losses. The rupee fell 0.70%
to close at 70.59 compared to the previous close of 70.10.
The euro weakened against the greenback as market participants
worried that the ongoing trade conflict between U.S. and China might
not end soon which in turn boosted the haven appeal of the U.S. dollar.
Euro was last seen trading at $1.1666, down 0.23% against the previous
close of $1.1693.
Gold prices gained over the ongoing trade dispute between U.S. and
China.
Brent crude prices tumbled following the API's announcement on the
rising U.S. crude inventories that improved by 38,000 barrels to 405.7
million barrels in the Aug 24 week.
Thank you for
your time.