09 Mar 2018
Markets for You
Global Indices
Global Indices 08-Mar Prev_Day Abs. Change
% Change
#
Dow Jones 24,895 24,801 94 0.38
Nasdaq 7,428 7,397 31 0.42
FTSE 7,203 7,158 45 0.63
Nikkei 21,368 21,253 115 0.54
Hang Seng 30,655 30,197 458 1.52
Indian Indices 08-Mar Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 33,352 33,033 318 0.96
Nifty 50 10,243 10,154 88 0.87
Nifty 100 10,578 10,501 77 0.73
Nifty Bank 24,478 24,134 344 1.42
SGX Nifty 10,244 10,173 71 0.70
S&P BSE Power 2,149 2,131 19 0.88
S&P BSE Small Cap 17,357 17,270 87 0.50
S&P BSE HC 13,532 13,565 -33 -0.25
Date P/E Div. Yield P/E Div. Yield
8-Mar 23.07 1.18 25.00 1.27
Month Ago 24.21 1.15 25.56 1.07
Year Ago 21.96 1.42 23.17 1.24
Nifty 50 Top 3 Gainers
Company 08-Mar Prev_Day
% Change
#
SBI 257 247 4.12
ICICI Bank 297 287 3.58
Adani Ports & SEZ 388 377 2.92
Nifty 50 Top 3 Losers Domestic News
Company 08-Mar Prev_Day
% Change
#
Sun Pharma 515 525 -1.95
Tata Steel 636 648 -1.82
Yes Bank 309 312 -1.09
Advance Decline Ratio
BSE NSE
Advances 1197 835
Declines 1530 959
Unchanged 139 57
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 1249
MF Flows** 24514
*8
th
Mar 2018; **7
th
Mar 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)
09 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
94
-605
3.68%
(Oct-17)
After falling in the last six sessions, Indian equity markets closed in the
green amid worries surrounding trade war eased amid media reports that
U.S. President’s import tariff plan may spare select countries from much
of the impact. Also, clearance of relief package by the government for the
telecom sector supported buying interest.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.96% and
0.87% to close at 33,351.57 and 10,242.65, respectively. S&P BSE Mid-Cap
and S&P BSE Small-Cap grew 0.56% and 0.50%, respectively.
The overall market breadth on BSE was weak with 1,530 scrips declining
and 1,197 scrips advancing. A total of 139 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Metal was the top loser, down
0.45%, followed by S&P BSE Telecom and S&P BSE Healthcare which fell
0.30% and 0.25%, respectively. S&P BSE FMCG and S&P BSE Basic
Materials fell 0.21% and 0.13%, respectively. Among the gainers, S&P BSE
Realty was the major gainer, up 1.63%, followed by S&P BSE Bankex and
S&P BSE Energy that grew 1.43% and 1.30%, respectively.
The government is soon planning to invite bids to lease out another 10
public-funded national highways to private operators to raise money to
build more roads. The member finance of National Highways Authority of
India stated that road transport and highways ministry expects to raise
around Rs. 6,600 crore through this second round of leasing out
government-owned operational national highways under the toll operate-
transfer (TOT) model.
The Government of India has received permission from Parliament to
spend additional cash of Rs. 85,315.30 crore in FY18. Out of this additional
amount, 70% is reserved to compensate states for revenue loss on
account of goods and service tax (GST) roll out.
According to the International Energy Agency (IEA), over the next five
years, India and China are set to contribute approximately 50% to the
increase in the global demand for oil. As per IEA, demand is expected to
grow at an annual rate of 1.2 million barrels per day (mbd) until 2023, as
the oil demand would reach 104.7 mbd, up by 6.9 mbd from 2018.
Bandhan Bank Ltd. will launch initial public offering of shares up to Rs.
4,473 crore or $688.6 million on March 15. This will thereby mark the
biggest ever initial share sale by a local bank. According to the prospectus,
it will sell up to 119.3 million shares, or about 10% of the post-issue share
capital of the bank, in a price range of Rs. 370 to Rs. 375 each in the IPO.
KEC International announced that it has received new orders worth Rs.
1,378 crore across all business verticals. The company’s transmission and
distribution business has received orders worth Rs. 786 crore across India,
Middle East and SAARC. Meanwhile, its railway business has received four
orders for composite and overhead electrification works aggregating to
Rs. 473 crore across India.
Prestige Group announced that it has entered into an agreement for
acquisition of 80% stake in Sterling Urban Infraprojects for a cash
consideration of Rs. 336 crore. Sterling Urban Infraprojects holds land
parcels in Bengaluru.
Markets for You
Asian markets mostly traded up after the U.S. government hinted that
some of the countries would be exempted from the proposed import
tariff plans on steel and aluminum. This has eased concerns of global
trade war. Upbeat economic data from China and Japan also helped gains.
However, upside was limited ahead of the policy review from Bank of
Japan and ECB. Today (As of Mar 9), Asian markets opened higher after
the U.S. President signed steel and aluminum import tariffs that exempted
Canada and Mexico. Nikkei and Hang Seng rose 2.29% and 0.66%,
respectively (as at 8.a.m. IST).
As per the last close, European markets ended higher after ECB in its
monetary policy review kept interest rates unchanged. However, gains
were capped amid decline in basic resources stocks after data showed
that China imported 16% less iron ore in Feb 2018 against Jan 2018.
As per the last close, U.S markets ended almost higher after the U.S.
President implemented steel and aluminum import tariffs that excluded
Canada and Mexico. However, gains were capped as investors remained
cautious ahead of monthly jobs report for Feb 2018.
FII Derivative Trade Statistics 08-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 4046.35 3669.13 16487.26
Index Options 94514.38 95454.10 64360.28
Stock Futures 10094.91 9741.28 74459.78
Stock Options 7038.76 7110.36 5503.55
Total 115694.40 115974.87 160810.87
08-Mar Prev_Day
Change
Put Call Ratio (OI) 1.15 1.09 0.06
Indian Debt Market
Put Call Ratio(Vol) 0.84 0.74 0.10
08-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 5.88% 5.91% 5.90% 5.92%
CBLO 5.86% 4.84% 5.91% 5.82%
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% 6.23% 6.34% 5.94%
364 Day T-Bill 6.63% 6.64% 6.55% 6.18%
10 Year Gilt 7.66% 7.74% 7.47% 6.86%
G-Sec Vol. (Rs.Cr) 35780 16436 50448 18307
Currency Market Update
1 Month CP Rate 7.83% 7.15% 6.89% 6.62%
3 Month CP Rate 7.84% 7.88% 7.79% 6.85%
5 Year Corp Bond 8.09% 8.09% 7.87% 7.61%
1 Month CD Rate 7.07% 7.24% 6.24% 6.16%
3 Month CD Rate 7.12% 7.28% 7.24% 6.26%
1 Year CD Rate 7.43% 7.62% 7.52% 6.63%
Commodity Market Update
Currency 08-Mar Prev_Day
Change
USD/INR 64.92 64.96 -0.04
GBP/INR 90.23 90.34 -0.11
EURO/INR 80.54 80.75 -0.21
International News
JPY/INR 0.61 0.62 0.00
Commodity 08-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 60.12 60.97 61.28 49.78
Brent Crude($/bl) 63.96 64.87 64.20 53.09
Gold( $/oz) 1322 1316 1319 1208
Gold(Rs./10 gm) 30459 30269 29881 28802
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
09 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 10242.95 points, a premium of 0.30
points, over the spot closing of 10,242.65. The turnover on NSE’s Futures
and Options segment went up from Rs. 8,70,651.46 crore on Mar 7 to
Rs. 16,78,923.04 crore on Mar 8.
The Put-Call ratio stood at 0.80 against previous session’s close of 0.71.
The Nifty Put-Call ratio stood at 1.15 against previous session’s close of
1.09.
Open interest on Nifty Futures stood at 25.97 million as against the
previous session’s close of 26.37 million.
Bond yields fell for a second consecutive day as traders expected
inflation rate to grow at a slower rate in Feb 2018 and improving
liquidity conditions.
Yield on the 10-year benchmark paper (7.17% GS 2028) fell 2 bps to
close at 7.66% as against previous session’s close of 7.68%. During the
session, bond yields traded in the range of 7.65% and 7.71%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,550 crore (gross) on Mar 8 compared with
Rs. 4,135 crore on Mar 7. Sale of securities under Reserve Bank of India’s
(RBI) reverse repo window stood at Rs. 15,800 crore on Mar 7.
Banks borrowed Rs. 467 crore under the central bank’s Marginal
Standing Facility on Mar 7 as compared to borrowing of Rs. 900 crore on
Mar 6.
The Indian rupee weakened against the greenback after U.S. private
sector jobs data for Feb 2018 came better than market expectations.
The rupee fell 0.40% to close at 65.14 per dollar from the previous close
of 64.88.
The euro fell against the greenback after the ECB president stated in
its monetary policy review that measures of underlying inflation remain
subdued. Euro was trading at $1.2395, down 0.14% compared with the
previous close of $1.2412.
Gold prices inched down ahead of the U.S. non-farm payroll data
which will provide further cues on the pace of U.S. Federal Reserve’s
(Fed) rate hikes stance.
Brent Crude prices inched down after crude oil inventories rose by
2.408 million barrels for the week ended Mar 2.
The European Central Bank in its monetary policy review kept interest
rates and asset purchases unchanged in its monetary policy review.
However, the central bank omitted the mention of its stance that it will
boost the asset purchases if outlook turned less favourable, thereby
indicating that it is inching closer to the exit of its massive stimulus
program.
According to payroll processor ADP, employment in the private sector
rose by 235,000 jobs in Feb 2018 after increasing by a revised 244,000
jobs (previously reported 234,000) in Jan 2018. As per the report, labour
market continued to experience uninterrupted growth and thus at this
rate of growth employers are expected to soon become hard-pressed to
find qualified workers.
Markets for You
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