06 Mar 2018
Markets for You
Global Indices
Global Indices 05-Mar Prev_Day Abs. Change
% Change
#
Dow Jones 24,875 24,538 337 1.37
Nasdaq 7,331 7,258 73 1.00
FTSE 7,116 7,070 46 0.65
Nikkei 21,042 21,182 -140 -0.66
Hang Seng 29,886 30,583 -697 -2.28
Indian Indices 05-Mar Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 33,747 34,047 -300 -0.88
Nifty 50 10,359 10,458 -100 -0.95
Nifty 100 10,715 10,820 -105 -0.97
Nifty Bank 24,819 24,903 -84 -0.34
SGX Nifty 10,363 10,428 -65 -0.62
S&P BSE Power 2,196 2,213 -17 -0.77
S&P BSE Small Cap 17,888 18,085 -197 -1.09
S&P BSE HC 13,948 14,032 -83 -0.59
Date P/E Div. Yield P/E Div. Yield
5-Mar 23.34 1.16 25.40 1.20
Month Ago 24.51 1.12 25.78 1.06
Year Ago 21.92 1.43 23.10 1.25
Nifty 50 Top 3 Gainers
Company 05-Mar Prev_Day
% Change
#
Tech Mahindra 631 612 3.10
Sun Pharma 549 535 2.46
TCS 3106 3038 2.24
Nifty 50 Top 3 Losers Domestic News
Company 05-Mar Prev_Day
% Change
#
Tata Motors 352 371 -5.04
Hindalco 230 241 -4.65
Aurobindo Pharma 601 624 -3.74
Advance Decline Ratio
BSE NSE
Advances 701 404
Declines 2041 1415
Unchanged 173 55
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 1449
MF Flows** 22284
*5
th
Mar 2018; **26
th
Feb 2018
Economic Indicator
YoY(%) Current Year Ago
WPI
2.84%
(Jan-18)
4.26%
(Jan-17)
IIP
7.10%
(Dec-17)
1.90%
(Dec-16)
GDP
7.20%
(Dec-17)
6.80%
(Dec-16)
06 March 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
4.10%
(Sep-17)
6.50%
(Sep-17)
Quarter Ago
Inflow/Outflow
1673
424
3.68%
(Oct-17)
Indian equity witnessed selling pressure, defying the ruling party’s
favorable outcome in the recently-held elections in three North Eastern
states. Contraction in the domestic service sector in Feb 2018 weighed on
investor sentiments. Additionally, weak cues from Wall Street continued
to be a spoilsport. Last week, U.S. President announced imposition of
hefty tariffs on imports of steel and aluminum products, in a move to
protect U.S. industry. Such a move is expected to result in widespread
fears of an ugly trade war with China as well as key American allies.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.88% and
0.95% to close at 33,746.78 and 10,358.85, respectively. S&P BSE Mid-Cap
and S&P BSE Small-Cap fell 0.95% and 1.09%, respectively.
On the BSE sectoral front, barring, S&P BSE IT (0.37%) stood as the
major gainer followed by S&P BSE Consumer Durables (0.26%) and S&P
BSE TECK (0.08%) all the major indices closed in the red. S&P BSE Metal (-
3.3%) was the major loser followed by S&P BSE Energy (-2.16%) and S&P
BSE Basic Materials (-2.14%).
Nikkei India Services Business Activity Index fell to 47.8 in Feb from 51.7
in Jan 2018, lowest since Aug 2017. Service activity contracted as rise in
prices led to a decline in new businesses orders. Meanwhile, the
contraction in services activity offset an expansion in manufacturing
activity and composite Purchasing Managers’ Index (PMI) that plunged to
49.7 from 52.5 in Jan.
The Reserve Bank of India has further tightened the priority sector
lending (PSL) norms for foreign banks. RBI has directed them to
compulsorily create sub-targets so that they lend a portion of their loans
to small and marginal farmers as well as micro enterprises from Apr 2020.
RBI however has provided relief by removing the credit limit, which means
all loans given to MSMEs will now qualify under priority sector lending.
The PSL norms mandate foreign banks to lend 40% of their total loan book
to the priority sector, such as agriculture, rural infra, and MSMEs among
others from Apr 2020.
The Reserve Bank of India (RBI) has imposed a penalty of Rs. 3 crore on
Axis Bank for not complying with income recognition and asset
classification (IRAC) norms.
RBI has imposed a fine of Rs 20 million on Indian Overseas Bank for not
complying with the directions issued by the RBI on Know Your Customer
(KYC) norms. The fine was imposed on Feb 27, 2018.
According to media reports, the U.S. drug regulator has issued Form 483
with nine observations to Aurobindo Pharma’s unit in Hyderabad. The U.S.
drug regulator cited deficiencies in maintaining manufacturing standards.
According to media reports, the Indian government has given in-
principle approval to 26% stake sale in Bharat Earth Movers Limited. The
government holds 54.03% stake in the firm.
According to media reports, Axa SA has agreed to buy XL Group Ltd. for
$15.3 billion in cash. As per reports, this is the the biggest-ever European
acquisition of a US insurer.
Asian markets largely remained low amid persisting concerns over a
global trade war following U.S. President’s announcement of hefty tariffs
on imports of steel and aluminum products last week. Chinese markets
remained flat as Chinese leaders headed into an annual parliament
meeting and a survey showed activity in China's services sector eased
slightly in Feb 2018. Today (As of Mar 6), Asian markets opened higher as
worries over global trade war eased after the U.S. President opened the
door for negotiations on tariffs on steel and aluminum imports. Both
Nikkei and Hang Seng were trading up 2.31% and 1.44% (as at 8.a.m. IST).
As per the last close, European market ended higher as worries over
global trade war eased after the U.S. President opened the door for
negotiations on tariffs on steel and aluminum imports. However, political
uncertainty in Italy weighed on investor’s sentiments.
As per the last close, U.S markets recovered from initial decline and
ended higher as global trade war worries eased after the U.S. President
announced opening the door for negotiations on tariffs on steel and
aluminum imports.
Markets for You
FII Derivative Trade Statistics 05-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 1540.66 2208.36 13686.25
Index Options 101093.92 100142.72 58923.49
Stock Futures 7941.64 8210.07 74200.43
Stock Options 4835.38 4829.03 4367.61
Total 115411.60 115390.18 151177.78
05-Mar Prev_Day
Change
Put Call Ratio (OI) 1.22 1.29 -0.07
Indian Debt Market
Put Call Ratio(Vol) 0.84 0.89 -0.05
05-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 5.88% 5.97% 5.86% 5.90%
CBLO 5.75% 5.91% 5.80% 3.99%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.27% 6.28% 6.37% 6.00%
364 Day T-Bill 6.62% 6.62% 6.56% 6.14%
10 Year Gilt 7.78% 7.69% 7.60% 6.77%
G-Sec Vol. (Rs.Cr) 9664 22590 18355 49488
Currency Market Update
1 Month CP Rate 7.90% 6.88% 6.94% 6.59%
3 Month CP Rate 7.88% 7.90% 7.76% 6.76%
5 Year Corp Bond 8.11% 8.00% 7.93% 7.52%
1 Month CD Rate 7.24% 6.25% 6.24% 6.21%
3 Month CD Rate 7.28% 7.26% 7.25% 6.31%
1 Year CD Rate 7.59% 7.53% 7.56% 6.66%
Commodity Market Update
Currency 05-Mar Prev_Day
Change
USD/INR 65.05 65.23 -0.17
GBP/INR 89.70 89.71 -0.01
EURO/INR 80.03 79.50 0.53
International News
JPY/INR 0.62 0.61 0.01
Commodity 05-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 62.48 63.80 64.16 53.28
Brent Crude($/bl) 66.57 68.30 67.37 53.91
Gold( $/oz) 1320 1333 1339 1234
Gold(Rs./10 gm) 30488 30573 30267 29126
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
06 March 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Mar 2018 Futures were at 10365.6 points, a premium of 6.75
points, over the spot closing of 10,358.85. The turnover on NSE’s Futures
and Options segment went up from Rs. 13,18,649.24 crore on Mar 1 to
Rs. 4,77,603.56 crore on Mar 5.
The Put-Call ratio stood at 0.77 against previous session’s close of 0.80.
The Nifty Put-Call ratio stood at 1.22 against previous session’s close of
1.29.
Open interest on Nifty Futures stood at 24.80 million as against the
previous session’s close of 24.12 million.
Bond yields rose after the Reserve Bank of India announced infusing
one trillion rupees in the banking system through term repos in Mar
2018 that ruled out the possibility of any open market purchase of
bonds. Gains in U.S. Treasury yields also hurt appetite for the domestic
bond market.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 4 bps to
close at 7.78% as against previous session’s close of 7.74%. During the
session, bond yields traded in the range of 7.73% and 7.78%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,640 crore (gross) on Mar 5 compared with
Rs. 7,475 crore on Mar 1. Sale of securities under Reserve Bank of India’s
(RBI) reverse repo window stood at Rs. 25,068 crore on Mar 1.
The Indian rupee rose against the greenback after the ruling party
came out victorious in the state assembly elections of Tripura and
Nagaland while it consolidated its base in Meghalaya as well. The rupee
rose 0.10% to close at 65.11 per dollar from the previous close of 65.17.
Euro weakened against the greenback on concerns of a possible
prolonged political uncertainty in Italy following the outcome of its
election results. Euro was trading at $1.2302, down 0.12% compared
with the previous close of $1.2317.
Gold prices inched up on fears of a potential trade war after U.S.
President announced plans to impose tariffs of 25% on imported steel
and 10% on aluminum.
Brent Crude prices rose ahead of a meeting between oil ministers from
the OPEC and U.S. shale firms.
According to a report from the University of Michigan, U.S. consumer
sentiment index for Feb 2018 came in at 99.7 down from the initial
expectation of 99.9. However, it was well above the consumer
sentiment index of 95.7 in Jan 2018.
According to the International Monetary fund (IMF), the import
restrictions announced by the U.S. President are likely to cause damage
not only outside the U.S., but also to the U.S. economy itself. Also, it
would include manufacturing and construction sectors that are major
users of aluminum and steel.
A report from the Society of Motor Manufacturers and Traders
showed that U.K. car registrations fell 2.8% YoY to 80,805 units in Feb
2018. Year-to-date market for new cars fell 5.1%, with 244,420 units
registered nationwide.
Markets for You
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