08 Mar 2018
Markets for You
Global Indices
Global Indices 07-Mar Prev_Day Abs. Change
% Change
#
Dow Jones 24,801 24,884 -83 -0.33
Nasdaq 7,397 7,372 25 0.33
FTSE 7,158 7,147 11 0.16
Nikkei 21,253 21,418 -165 -0.77
Hang Seng 30,197 30,511 -314 -1.03
Indian Indices 07-Mar Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 33,033 33,317 -284 -0.85
Nifty 50 10,154 10,249 -95 -0.93
Nifty 100 10,501 10,603 -102 -0.96
Nifty Bank 24,134 24,448 -314 -1.29
SGX Nifty 10,173 10,245 -72 -0.70
S&P BSE Power 2,131 2,171 -40 -1.86
S&P BSE Small Cap 17,270 17,652 -382 -2.16
S&P BSE HC 13,565 13,790 -225 -1.63
Date P/E Div. Yield P/E Div. Yield
7-Mar 22.89 1.19 24.79 1.28
Month Ago 23.94 1.16 25.32 1.08
Year Ago 22.08 1.41 23.23 1.24
Nifty 50 Top 3 Gainers
Company 07-Mar Prev_Day
% Change
#
HCL Tech 950 933 1.80
ITC 260 257 1.33
Zee Entertainment 565 560 1.00
Nifty 50 Top 3 Losers Domestic News
Company 07-Mar Prev_Day
% Change
#
Adani Ports & SEZ 377 405 -6.98
SBI 247 257 -3.86
Indiabulls HFC 1196 1239 -3.43
Advance Decline Ratio
BSE NSE
Advances 460 264
Declines 2290 1562
Unchanged 115 40
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 1854
MF Flows** 22284
*7
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)
08 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
749
3.68%
(Oct-17)
Indian equity markets closed in the red amid consistent weakness in the
banking stocks as fraud investigation of a major public-sector bank
widened after chiefs of two major private banks were investigated by
Serious Fraud Investigation Office, seeking explanation over loans given to
one of the largest branded jewellery retailers.
Additionally, weakness in global equity markets, amid concerns of
intensification of global trade war, after the resignation of White House
economic advisor weighed on the market sentiment.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.85% and
0.93% to close at 33,033.09 and 10,154.20, respectively. S&P BSE Mid-Cap
and S&P BSE Small-Cap fell 1.32% and 2.16%, respectively.
The overall market breadth on BSE was weak with 2,290 scrips declining
and 460 scrips advancing. A total of 115 scrips remained unchanged.
On the BSE sectoral front, S&P BSE telecom was the top loser, down
2.28%, followed by S&P BSE Capital goods and S&P BSE power which fell
1.94% and 1.86%, respectively. S&P BSE Industrials and S&P BSE Energy
fell 1.79% and 1.69%, respectively.
The government announced that all states shall have to compulsorily
implement the national e-way bill system for intra-state movement of
goods by Jun 1, 2018. However, the states may choose any date before
Jun 1. Meanwhile, the Minister of State for Finance also stated that if the
recommendation of the Group of Ministers on Information Technology is
approved by the goods and service tax Council during its Mar 10 meeting,
the system is expected to become mandatory from Apr 1 for inter-state
movement of goods.
According to media reports, the finance ministry has directed state-
owned banks to obtain passport details within 45 days of all borrowers,
who have taken loans more than Rs. 50 crore. Also, as per the reports,
finance ministry stated that in case the borrower does not have a
passport, the bank should obtain a certificate in the form of declaration
that the person does not have the passport.
According to the Agriculture Minister, Niti Aayog will hold a meeting on
Mar 9 with the states to discuss a mechanism for fixing minimum support
price 50% more than the cost of production. The meeting is scheduled on
Mar 9.
According to media reports, Paytm Money which is a wholly-owned
subsidiary of Paytm has received approval from the capital market
regulator Securities and Exchange Board of India to come out with wealth
management and investment products to consumers across the country
and become a registered investment advisor.
According to media reports, Union Bank is planning to auction loans
worth Rs. 5,900 crore of 26 large stressed accounts which includes some
large power projects and metal companies. Some of the companies on the
list are GMR Chattisgarh Energy, Prayagraj Power, Alok Industries,
Gammon India and Lavasa Corporation.
According to media reports, Citibank has launched a home loan product
linked to the three-month treasury-bill rate. The development comes
after a committee set up by the Reserve Bank of India recommended that
all banks should link their loans to an external benchmark.
Markets for You
Asian markets closed in the red as concerns over the potential trade war
loomed large. Recently, the White House chief economic advisor opposed
to the U.S. President’s decision to impose hefty tariff on steel imports, by
resigning from the U.S. administration. The risk of potential trade war
overshadowed easing geopolitical concerns after North Korea said it is
willing to talk about denuclearization. Today (As of Mar 8), Asian markets
opened higher after the White House hinted that Canada and Mexico
could be exempted from tariffs proposed by President. Both Nikkei and
Hang Seng were trading up 0.80% and 1.00% (as at 8.a.m. IST).
As per the last close, European market declined initially following news
that a U.S. President’s economic advisor resigned. However, the markets
began to erase losses following recovery in U.S. market.
As per the last close, U.S markets initially fell on news that a U.S.
President’s economic advisor resigned after the President proposed tariffs
on steel and aluminum imports. However, some losses were erased after
the White House hinted that Canada and Mexico could be exempted from
tariffs proposed by President.
FII Derivative Trade Statistics 07-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 2854.85 2344.21 14742.90
Index Options 76650.90 75623.15 63977.40
Stock Futures 9601.10 8891.73 74573.89
Stock Options 6266.24 6273.55 4918.13
Total 95373.09 93132.64 158212.32
07-Mar Prev_Day
Change
Put Call Ratio (OI) 1.09 1.14 -0.05
Indian Debt Market
Put Call Ratio(Vol) 0.74 0.83 -0.09
07-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 5.89% 5.93% 5.88% 5.98%
CBLO 5.85% 5.84% 5.90% 5.72%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.25% 6.31% 6.40% 5.95%
364 Day T-Bill 6.65% 6.64% 6.58% 6.19%
10 Year Gilt 7.68% 7.73% 7.53% 6.83%
G-Sec Vol. (Rs.Cr) 29746 19186 38287 27293
Currency Market Update
1 Month CP Rate 7.85% 6.88% 6.88% 6.61%
3 Month CP Rate 7.92% 7.92% 7.79% 6.83%
5 Year Corp Bond 8.11% 8.06% 7.86% 7.58%
1 Month CD Rate 7.11% 6.25% 6.25% 6.18%
3 Month CD Rate 7.19% 7.25% 7.24% 6.28%
1 Year CD Rate 7.47% 7.58% 7.52% 6.64%
Commodity Market Update
Currency 07-Mar Prev_Day
Change
USD/INR 64.96 64.99 -0.03
GBP/INR 90.34 89.91 0.43
EURO/INR 80.75 80.21 0.54
International News
JPY/INR 0.62 0.61 0.00
Commodity 07-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 61.08 61.42 61.89 52.63
Brent Crude($/bl) 65.18 66.72 65.48 54.40
Gold( $/oz) 1325 1318 1318 1216
Gold(Rs./10 gm) 30565 30398 30182 28978
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
08 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 10171.55 points, a premium of 17.35
points, over the spot closing of 10,154.20. The turnover on NSE’s Futures
and Options segment went up from Rs. 7,15,138.13 crore on Mar 6 to
Rs. 8,70,651.46 crore on Mar 7.
The Put-Call ratio stood at 0.71 against previous session’s close of 0.85.
The Nifty Put-Call ratio stood at 1.09 against previous session’s close of
1.14.
Open interest on Nifty Futures stood at 26.37 million as against the
previous session’s close of 26.15 million.
Bond yields plunged as investors resorted to value buying and amid
expectations of improving liquidity conditions this month.
Yield on the 10-year benchmark paper (7.17% GS 2028) fell 9 bps to
close at 7.68% as against previous session’s close of 7.77%. During the
session, bond yields traded in the range of 7.67% and 7.77%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,135 crore (gross) on Mar 7 compared with
Rs. 3,600 crore on Mar 6. Sale of securities under Reserve Bank of India’s
(RBI) reverse repo window stood at Rs. 24,335 crore on Mar 6.
Banks borrowed Rs. 900 crore under the central bank’s Marginal
Standing Facility on Mar 6 as compared to no borrowing on Mar 5.
RBI conducted an overnight variable rate reverse repo auction for a
notified amount of Rs. 15,000 crore for which Rs. 15,001 crore was
allotted at a cut-off rate of 5.99%.
The Indian rupee rose against the greenback as the latter remained
under pressure following the resignation of the U.S. President’s chief
economic advisor, renewed concerns of a global trade war. The rupee
rose 0.12% to close at 64.88 per dollar from the previous close of 64.96.
The Euro inched up against the greenback as the latter remained
under pressure following the resignation of the U.S. President’s chief
economic advisor. Euro was trading at $1.2410, up 0.06% compared
with the previous close of $1.2402.
Gold prices traded lower amid speculation over faster than expected
rate hike by U.S. Federal Reserve.
Brent Crude prices traded higher as the positive impact of IEA’s report
on global oil demand outlook continued to outweigh concerns over
growing U.S. oil supply.
According to the Commerce Department, U.S. factory orders fell 1.4%
in Jan 2018 from upwardly revised 1.8% rise in Dec 2018. The decrease
in factory orders was primarily due to fall in orders for durable goods by
3.6% in Jan where as non-durable goods rose 0.8% in Jan.
According to data from Eurostat, gross domestic product (GDP) of euro
area grew 0.6% sequentially in fourth quarter of 2017, at a slightly
slower rate as estimated, following 0.7% expansion in the third quarter
of 2017. In 2017, euro area rose 2.3% instead of 2.5% estimated
previously. The economy had expanded 1.8% in 2016.
According to data from the Lloyds bank subsidiary Halifax and IHS
Markit, U.K. house prices rose 1.8%, weakest since Mar 2013, YoY in
three months to Feb 2018 as compared with 2.2% rise in Jan 2018.
Markets for You
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