22 Mar 2018
Markets for You
Global Indices
Global Indices 21-Mar Prev_Day Abs. Change
% Change
#
Dow Jones 24,682 24,727 -45 -0.18
Nasdaq 7,345 7,364 -19 -0.26
FTSE 7,039 7,061 -22 -0.32
Nikkei Closed 21,381 NA NA
Hang Seng 31,415 31,550 -135 -0.43
Indian Indices 21-Mar Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 33,136 32,997 139 0.42
Nifty 50 10,155 10,124 31 0.31
Nifty 100 10,512 10,478 34 0.32
Nifty Bank 24,256 24,168 87 0.36
SGX Nifty 10,171 10,164 7 0.07
S&P BSE Power 2,146 2,137 9 0.42
S&P BSE Small Cap 17,244 17,192 52 0.31
S&P BSE HC 13,382 13,444 -62 -0.46
Date P/E Div. Yield P/E Div. Yield
21-Mar 22.80 1.19 24.76 1.28
Month Ago 23.44 1.17 25.18 1.09
Year Ago 22.54 1.40 23.68 1.22
Nifty 50 Top 3 Gainers
Company 21-Mar Prev_Day
% Change
#
Bharti Airtel 418 400 4.45
Bajaj Finance Limited 1705 1657 2.85
NTPC 170 166 2.37
Nifty 50 Top 3 Losers Domestic News
Company 21-Mar Prev_Day
% Change
#
Tata Steel 582 593 -1.81
Adani Ports & SEZ 364 370 -1.70
Bosch 17586 17877 -1.63
Advance Decline Ratio
BSE NSE
Advances 1289 868
Declines 1427 904
Unchanged 144 89
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 11183
MF Flows** 28315
*21
st
Mar 2018; **20
th
Mar 2018
Economic Indicator
YoY(%) Current Year Ago
WPI
2.48%
(Feb-18)
5.51%
(Feb-17)
IIP
7.50%
(Jan-18)
3.00%
(Jan-17)
GDP
7.20%
(Dec-17)
6.80%
(Dec-16)
22 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
1.80%
(Oct-17)
6.50%
(Sep-17)
Quarter Ago
Inflow/Outflow
887
494
4.02%
(Nov-17)
Indian equity markets closed modestly higher amid gains in realty and
banking stocks. However, investors remained cautious ahead of the U.S.
Federal Reserve’s (Fed) policy decision wherein Fed is expected to raise
interest rates, and thereafter may likely make two more rate hikes this
year.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.42% and
0.31%, respectively to close at 33,136.18 and 10,155.25. S&P BSE Mid-
Cap and S&P BSE Small-Cap grew 0.22% and 0.31%.
The overall market breadth on BSE was weak with 1,427 scrips
declining and 1,289 scrips advancing. A total of 144 scrips remained
unchanged.
On the BSE sectoral front, S&P BSE Telecom was the major gainer, up
2.36%, followed by S&P BSE Realty that grew 0.75%. S&P BSE Finance
and S&P BSE Capital Goods grew 0.56% each. S&P BSE Energy and S&P
BSE Utilities grew 0.54% and 0.48%, respectively. Among the losers, S&P
BSE Metal was the major loser, down 0.54%, followed by S&P BSE
Healthcare that fell 0.46%. S&P BSE Basic Materials and S&P BSE Auto fell
0.15% and 0.12%, respectively.
The government has extended the facility of hiring workers on fixed-
term employment to all sectors to improve the ease of doing business,
thereby meeting the announcement made in the Union Budget. Amid
major demand of the trade unions, no permanent employee will be
moved to fixed term employment. According to the Industrial
Establishment (Standing Order) 1946, the facility for hiring on fixed-term
contract was initially available only for the apparel manufacturing sector.
The Securities and Exchange Board of India (SEBI) has permitted
bourses to provide spread benefit in initial margin across futures
contracts in commodities. The bourses can charge higher margins
depending upon their risk perception. Margin benefit on spread
positions shall be entirely withdrawn latest by the start of tender period
or the start of the expiry day, whichever is earlier. However, the benefit
can be provided if minimum coefficient of correlation between futures
prices of the two commodities is 0.90. Additionally, back testing for
adequacy of spread margin to cover MTM has been carried out for a
minimum period of one year and initial margin after spread benefit has
been able to cover MTM on at least 99% of the days as per back testing.
As per media reports, government has no plans to increase the
retirement age of central government employees from existing 60 years
to 62 years. There are about 48.41 lakh central government employees.
The Road Transport and Highways Ministry aims to collect 50% of total
daily toll charges through FASTag and other electronic means. The
government receives around Rs 51 crore as toll on an average per day on
national highways. As of now, only 20% of this is collected through RFID
(radio frequency identification) card or FASTag, which enables automatic
deduction of toll charges.
Most of the Asian markets traded in low as investors preferred to be on
sidelines ahead of the U.S. Federal Reserve (Fed) Policy review. However,
positive cues from overnight U.S. markets provided some respite.
Japanese market remained closed on account of public holiday. Today (As
of Mar 22), Asian markets opened higher post increase in interest rates
by Fed as per expectations. Gains in mining and oil sectors also boosted
the indices. Nikkei and Hang seng grew 0.67% and 0.26%, respectively (as
at 8.a.m. IST).
As per the last close, European markets ended mixed as investors
remained cautious ahead of the policy decisions by Fed and the Bank of
England. Reports that U.K. jobless rate in three months to Jan 2018 was
the joint lowest since 1975 boosted investor sentiment.
As per the last close, U.S markets ended modestly lower post volatile
session. As widely expected, Fed raised interest rates by 25 bps on
strength in the broader economy. Also, it continued to expect three rate
hikes in 2018. Energy, gold and steel stocks saw gains; however,
weakness was visible among telecom and tobacco stocks.
Markets for You
FII Derivative Trade Statistics 21-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 1800.06 3316.53 23125.23
Index Options 80332.71 81504.16 73950.78
Stock Futures 8794.37 7997.15 78316.33
Stock Options 5930.79 6079.69 7996.64
Total 96857.93 98897.53 183388.98
21-Mar Prev_Day
Change
Put Call Ratio (OI) 1.07 1.06 0.01
Indian Debt Market
Put Call Ratio(Vol) 0.93 0.92 0.00
21-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 5.94% 5.83% 5.95% 5.92%
CBLO 5.95% 5.73% 5.96% 5.88%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.07% 6.15% 6.32% 5.78%
364 Day T-Bill 6.50% 6.52% 6.61% 5.87%
10 Year Gilt 7.58% 7.68% 7.71% 6.89%
G-Sec Vol. (Rs.Cr) 38439 20102 12976 32896
Currency Market Update
1 Month CP Rate 7.75% 7.81% 6.90% 6.65%
3 Month CP Rate 7.26% 7.74% 7.89% 6.68%
5 Year Corp Bond 7.93% 8.03% 7.97% 7.60%
1 Month CD Rate 6.90% 7.10% 6.24% 6.25%
3 Month CD Rate 6.82% 7.04% 7.22% 6.29%
1 Year CD Rate 7.30% 7.41% 7.50% 6.68%
Commodity Market Update
Currency 21-Mar Prev_Day
Change
USD/INR 65.22 65.20 0.02
GBP/INR 91.33 91.49 -0.17
EURO/INR 79.96 80.46 -0.50
International News
JPY/INR 0.61 0.61 0.00
Commodity 21-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 65.09 60.88 61.71 46.97
Brent Crude($/bl) 67.64 63.60 64.55 49.69
Gold( $/oz) 1332 1325 1324 1245
Gold(Rs./10 gm) 30300 30375 30393 28423
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
22 March 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields fell amid indications that the government may take few
steps to lessen supply burden of FY19 and borrow more next year
through shorter tenure bonds. Also, reports that the government is
working on a strategy to bring down bond yields, while the government
may attempt another round of buyback before the end of the fiscal
further boosted market sentiments.
Yield on the 10-year benchmark paper (7.17% GS 2028) fell 4 bps to
close at 7.58% as against previous session’s close of 7.62%. During the
session, bond yields traded in the range of 7.58% and 7.68%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 6,017 crore (gross) on Mar 21 compared with
Rs. 3,460 crore on Mar 20. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 20,367 crore on Mar 20.
A report from the Ifo Institute showed that Germany’s gross domestic
product is expected to grow 2.6% in 2018 as against an increase of 2.2%
in 2017. The pace of growth is expected to be 2.1% in 2019.
A report from the Office for National Statistics showed that U.K. ILO
unemployment rate eased to 4.3% in three months to Jan 2018 as
against 4.4% in three months to Dec 2017. This marked the lowest
jobless rate since 1975. The employment rate was 75.3% during the
period Nov-Jan 2018 as against 74.6% in the year-ago period.
Markets for You
Nifty Mar 2018 Futures were at 10,180.15 points, a premium of 24.90
points, above the spot closing of 10,155.25. The turnover on NSE’s
Futures and Options segment went up from Rs. 6,44,894.77 crore on Mar
20 to Rs. 8,14,332.32 crore on Mar 21.
The Put-Call ratio, stood at 0.87 against previous close of 0.79.
The Nifty Put-Call ratio stood at 1.07 against the previous session’s
close at 1.06.
India VIX moved down 3.20% to 15.1075 from 15.6075 in the previous
trading session.
Open interest on Nifty Futures stood at 28.47 million as against the
previous session’s close of 28.23 million.
Gold prices traded higher as weakness in U.S. dollar against euro
underpinned demand for dollar-denominated commodity.
Brent Crude prices remained supported by the potential supply
disruptions owing to geo political tensions in the Middle East.
The Indian rupee closed steady against the greenback as market
participants preferred to remain on the sidelines ahead of the outcome
of Fed's monetary policy review due Mar 21. The rupee inched down
0.02% to close at 65.21 from previous close of 65.19.
The euro rose against the greenback as market participants preferred
to remain on the sidelines ahead of the outcome of the U.S. Federal
Reserve monetary policy review due Mar 21. Euro was last seen trading
at $1.2312 compared with the previous close of $1.2287.
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