13 Mar 2018
Markets for You
Global Indices
Global Indices 12-Mar Prev_Day Abs. Change
% Change
#
Dow Jones 25,179 25,336 -157 -0.62
Nasdaq 7,588 7,561 28 0.36
FTSE 7,215 7,225 -10 -0.14
Nikkei 21,824 21,469 355 1.65
Hang Seng 31,594 30,996 598 1.93
Indian Indices 12-Mar Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 33,918 33,307 611 1.83
Nifty 50 10,421 10,227 195 1.90
Nifty 100 10,748 10,565 183 1.73
Nifty Bank 24,664 24,296 368 1.51
SGX Nifty 10,444 10,229 215 2.10
S&P BSE Power 2,171 2,137 34 1.59
S&P BSE Small Cap 17,403 17,306 97 0.56
S&P BSE HC 13,542 13,450 92 0.68
Date P/E Div. Yield P/E Div. Yield
12-Mar 23.42 1.16 25.44 1.25
Month Ago 24.15 1.15 25.48 1.07
Year Ago 22.06 1.42 23.20 1.24
Nifty 50 Top 3 Gainers
Company 12-Mar Prev_Day
% Change
#
Bharti Airtel 422 402 4.82
Vedanta Limited 317 304 4.36
ITC 270 259 4.19
Nifty 50 Top 3 Losers Domestic News
Company 12-Mar Prev_Day
% Change
#
Coal India 298 304 -2.10
Aurobindo Pharma 583 592 -1.62
SBI 253 253 -0.16
Advance Decline Ratio
BSE NSE
Advances 1346 984
Declines 1370 832
Unchanged 184 57
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 3018
MF Flows** 25164
*12
th
Mar 2018; **8
th
Mar 2018
Economic Indicator
YoY(%) Current Year Ago
WPI
2.84%
(Jan-18)
4.26%
(Jan-17)
IIP
7.50%
(Jan-18)
1.90%
(Dec-16)
GDP
7.20%
(Dec-17)
6.80%
(Dec-16)
13 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
Sensex
4.10%
(Sep-17)
6.50%
(Sep-17)
Quarter Ago
Inflow/Outflow
574
608
3.68%
(Oct-17)
Indian equity markets closed in the green amid positive cues from the
global peers which moved up on the back of strong U.S. jobs report for
Feb 2018. Further, continued positive impact of easing concerns over the
trade war added to the gains in the global market.
Investors also remained focused on retail inflation data for Feb 2018
and IIP data for Jan 2018 that was scheduled after market hours.
Meanwhile, as per Society of Indian Automobile Manufacturers,
domestic passenger vehicle sales number moved up 7.77% YoY to
2,75,329 units in Feb’18.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 1.83% and
1.90% to close at 33,917.94 and 10,421.40, respectively. S&P BSE Mid-
Cap and S&P BSE Small-Cap grew 0.76% and 0.56%, respectively.
On the BSE sectoral front, S&P BSE Information technology was the
major gainer, up 2.57%, followed by S&P BSE Metal that grew 2.32%.
S&P BSE FMCG and S&P BSE Oil & Gas each grew 2.13%. S&P BSE Basic
Materials and S&P BSE Utilities witnessed growth of 1.91% and 1.69%,
respectively.
The Consumer Price Index (CPI) based inflation or retail inflation grew
4.44% in Feb 2018, down from 5.07% in the previous month and up from
3.65% in the same month of the previous year. Though retail inflation
growth subdued, it surpassed Reserve Bank of India’s medium-term
target of 4% for the fourth consecutive month. The Consumer Food Price
Index also grew 3.26% in Feb 2018, down from 4.70% in the previous
month and up from 2.01% in the same month of the previous year.
India’s Index of Industrial Production (IIP) grew 7.5% in Jan 2018 as
against growth of 7.1% in Dec 2017 and 3.5% in the same period of the
previous year. The manufacturing sector also surged 8.7% in Jan 2018
from 2.5% growth in the same period of the previous year. However, IIP
growth for Apr to Jan 2018 slowed to 4.1% from 5.0% in the same period
of the previous fiscal.
Data from Society of Indian Automobile Manufacturers (SIAM) showed
that domestic passenger vehicle sales grew 7.77% to 275,329 units in Feb
2018 from 255,470 units in the same period of the previous year.
Domestic car sales grew 3.7% to 179,122 units as against 172,737 units in
Feb 2017. Motorcycle sales during the same period grew 26.48% to
1,053,230 units as against 832,695 units a year earlier. Sales of two-
wheeler vehicles grew 23.77% to 1,685,814 units compared with
1,362,043 units in the year-ago month. Vehicle sales across categories
witnessed an increase of 22.77% to 2,111,383 units from 1,719,806 units
in Feb 2017.
Larsen & Toubro said its construction arm has won orders worth Rs.
25.97 billion across business segments. It further added that it has
received order from the National Highways Authority of India for the
construction of the 8.7 Km long Dwarka Expressway in Haryana in
Engineering Procurement Construction (EPC) mode.
According to media reports, Eicher Motors will shut down with
immediate effect the personal utility vehicle division that it had set up as
an equal joint venture with American firm Polaris. The joint venture
incurred a loss of Rs. 0.91 billion in FY17.
Asian markets traded in the green following easing global trade war
and after the geopolitical tension eased as North Korean leader offered
to halt nuclear and missile tests. However, upside was limited as Japan's
business survey index of large manufacturers fell in the Mar quarter.
Today (As of Mar 13), Asian markets opened higher amid gains in stocks
of regional peers. However, concerns over tariffs on steel and aluminum
imports capped the gains. Nikkei and Hang seng grew 0.07% and 0.35%,
respectively (as at 8.a.m. IST).
As per the last close, European markets ended almost higher amid
continued positive impact of strong U.S. jobs report for Feb released last
week. However, gains were capped due to imposition of tariffs on steel
and aluminum by the U.S. President. Lack of both economic and
corporate news further restricted the gains.
As per the last close, U.S markets ended almost lower amid concerns
over the impact of trade war after U.S. President implemented tariffs on
steel and aluminum imports. However, losses were capped on continued
positive impact of strong U.S. jobs report for Feb released last week.
Markets for You
FII Derivative Trade Statistics 12-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 2147.52 1912.42 17533.37
Index Options 68986.80 69095.63 66434.53
Stock Futures 8166.40 8076.62 75355.51
Stock Options 5585.19 5770.76 6611.07
Total 84885.91 84855.43 165934.48
12-Mar Prev_Day
Change
Put Call Ratio (OI) 1.27 1.14 0.12
Indian Debt Market
Put Call Ratio(Vol) 0.89 0.84 0.05
12-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 5.86% 5.88% 6.00% 6.01%
CBLO 5.77% 5.75% 5.93% 6.01%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.24% 6.27% 6.35% 5.90%
364 Day T-Bill 6.57% 6.62% 6.54% 6.17%
10 Year Gilt 7.63% 7.78% 7.50% 6.90%
G-Sec Vol. (Rs.Cr) 29752 9664 33836 17251
Currency Market Update
1 Month CP Rate 7.79% 7.90% 6.89% 6.65%
3 Month CP Rate 7.79% 7.88% 7.78% 6.84%
5 Year Corp Bond 8.07% 8.11% 7.85% 7.67%
1 Month CD Rate 7.08% 7.24% 6.26% 6.18%
3 Month CD Rate 7.04% 7.28% 7.23% 6.26%
1 Year CD Rate 7.41% 7.59% 7.50% 6.63%
Commodity Market Update
Currency 12-Mar Prev_Day
Change
USD/INR 65.02 65.08 -0.06
GBP/INR 90.12 89.85 0.27
EURO/INR 80.09 80.16 -0.07
International News
JPY/INR 0.61 0.61 0.00
Commodity 12-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 61.34 62.48 59.39 48.00
Brent Crude($/bl) 64.52 66.57 62.14 50.42
Gold( $/oz) 1323 1320 1323 1204
Gold(Rs./10 gm) 30271 30488 30063 28430
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
13 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 10432.80 points, a premium of 11.40
points, over the spot closing of 10,421.40. The turnover on NSE’s
Futures and Options segment went up from Rs. 4,81,492.44 crore on
Mar 9 to Rs. 5,50,661.47 crore on Mar 12.
The Put-Call ratio stood at 0.82 against previous session’s close of
0.78.
The Nifty Put-Call ratio stood at 1.27 against previous session’s Open
interest on Nifty Futures stood at 25.85 million as against the previous
session’s close of 25.94 million.
Bond yields fell on hopes that retail inflation would ease in Feb 2018
which might delay the chances of a rate hike by the Monetary Policy
Committee in its upcoming monetary policy review in April 2018. Hopes
of improvement in systematic liquidity also boosted market sentiments.
Yield on the 10-year benchmark paper (7.17% GS 2028) fell 4 bps to
close at 7.63% as against previous session’s close of 7.67%. During the
session, bond yields traded in the range of 7.62% and 7.70%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,640 crore (gross) on Mar 12 compared with
Rs. 3,565 crore on Mar 9. Sale of securities under Reserve Bank of India’s
(RBI) reverse repo window stood at Rs. 16,646 crore on Mar 9.
The Indian rupee gained against the U.S. dollar following decline in
overnight fall in the greenback. U.S. dollar fell as slower U.S. wage
growth data minimized concerns of acceleration in U.S. inflation and
subsequent faster pace of U.S. Federal Reserve rate hikes.
Euro was trading slightly lower against the U.S. dollar as European
Central Bank President on Thursday said regional inflation remained
subdued and rising protectionism was a risk.
Gold prices moved down on expectations of a less aggressive policy
rate hike by the U.S. Federal Reserve during the year.
Brent crude prices inched down ahead of weekly oil and gasoline
stockpiles data.
According to a report from the Commerce Department, U.S. wholesale
inventories slightly surpassed market expectations and grew 0.8% in Jan
2018 as against an upwardly revised gain of 0.7% (0.4% gain originally
reported) in Dec 2017. The increase in wholesale inventories was partly
due to increase in inventories of non-durable goods that grew 1.8% in
Jan as against a gain of 1.1% in Dec.
A report from the IHS Markit on behalf of Visa showed that U.K.
consumers lowered their spending in Feb 2018. The expenditure fell
1.1% YoY in Feb 2018.
Markets for You
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