02 Nov 2018
Markets for You
Global Indices
Global Indices 01-Nov Prev_Day Abs. Change
% Change
#
Dow Jones 25,381 25,116 265 1.06
Nasdaq 7,434 7,306 128 1.75
FTSE 7,115 7,128 -13 -0.19
Nikkei 21,688 21,920 -233 -1.06
Hang Seng 25,416 24,980 436 1.75
Indian Indices 01-Nov Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,432 34,442 -10 -0.03
Nifty 50 10,380 10,387 -6 -0.06
Nifty 100 10,608 10,605 3 0.03
Nifty Bank 25,324 25,153 170 0.68
SGX Nifty 10,415 10,391 25 0.24
S&P BSE Power 1,974 1,958 16 0.80
S&P BSE Small Cap 14,356 14,201 154 1.09
S&P BSE HC 14,633 14,727 -94 -0.64
Date P/E Div. Yield P/E Div. Yield
1-Nov 22.07 1.30 24.98 1.27
Month Ago 23.47 1.23 26.62 1.22
Year Ago 25.04 1.15 26.49 1.07
Nifty 50 Top 3 Gainers
Company 01-Nov Prev_Day
% Change
#
Yes Bank 204 188 8.48
Hindalco 231 220 4.92
Axis Bank 602 582 3.39
Nifty 50 Top 3 Losers Domestic News
Company 01-Nov Prev_Day
% Change
#
HCL Tech 1009 1056 -4.42
Lupin 852 885 -3.77
Dr.Reddy 2462 2542 -3.18
Advance Decline Ratio
BSE NSE
Advances 1614 1182
Declines 1002 607
Unchanged 113 81
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -42152
MF Flows** 112312
*1
st
Nov 2018; **31
st
Oct 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
3.77%
(Sep-18)
3.28%
(Sep-17)
IIP
4.30%
(Aug-18)
4.80%
(Aug-17)
GDP
8.20%
(Jun-18)
5.60%
(Jun-17)
02 November 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
3.80%
(May-18)
7.70%
(Mar-18)
Quarter Ago
Inflow/Outflow
2076
-400
4.92%
(Jun-18)
Indian equity markets were flat on the first day of Nov 2018. Markets
rose initially after the manufacturing PMI for Oct 2018 grew at the
quickest pace in four months on the back of strong orders. Fall in global
crude oil prices and strengthening of the rupee against the greenback
provided some support. Gains were neutralised as market participants
looked forward to the quarterly earnings.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.03% and
0.06% to close at 34,431.97 and 10,380.45, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap gained 1.10% and 1.09%, respectively.
The market breadth on BSE was strong with 1614 scrips advancing and
1002 scrips declining. A total of 113 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Capital Goods was the major gainer,
up 2.34%, followed by S&P BSE Realty and S&P BSE Industrials, which
grew 2.27% and 1.71%, respectively. S&P BSE Basic Materials and S&P
BSE Metal grew 1.64% and 1.29%, respectively. S&P BSE Information
Technology was the major loser, down 1.78%, followed by S&P BSE Teck
and S&P BSE Fast Moving Consumer Goods, which fell 1.6% and 0.65%,
respectively.
The Nikkei India Manufacturing Purchasing Managers' Index (PMI)
increased to 53.1 in Oct 2018 from 52.2 in Sep 2018. The growth reflects
stronger order inflows as companies increased production, input
purchasing and employment. This marks the 15th straight month of
above 50 score. A score of above 50 means expansion and below 50
denotes contraction.
Collections from Goods and Services Tax (GST) crossed Rs. 1 trillion in
Oct 2018 on the back of pick-up in consumption demand during the
festive season. This will help ease fiscal deficit woes. Total GST collected
in Oct is Rs. 1.007 trillion, of this, Central GST is Rs. 16,464 crore, state
GST Rs. 22,826 crore, integrated GST Rs. 53,419 crore and cess Rs. 8,000
crore. In Sep 2018, GST collections were at Rs. 94,442 crore.
The U.S. has issued a notification and listed 90 products that have been
removed from the duty-free list from Nov 1, 2018. These were so long
subject to duty-free provisions under the Generalized System of
Preferences. This will impact at least 50 Indian products, mostly from
handloom and agriculture sectors. This comes after the U.S. President
issued a Presidential proclamation. The proclamation is product-specific
and not country-specific. Since India is the biggest beneficiary of the
Generalized System of Preferences, it has been affected the most.
According to Reserve Bank of India’s former governor Bimal Jalan, the
present situation in India wherein rupee is depreciating, global oil prices
are rising and there is massive foreign funds outflow from the capital
market is not the same as the balance of payments (BoP) emergency of
1991. He said India now has stronger than before fundamentals, BoP is
strong and foreign exchange reserves are at one of the highest levels.
Asian equity markets ended mixed on the back of new stream of
corporate earnings, encouraging U.S. private-sector job growth data and
downbeat Chinese data. In spite of the discouraging data, Chinese
markets gained on indication of greater stimulus from the government.
Today (as of Nov 2), Asian markets opened higher following gains in Wall
Street and comments from the U.S. President indicating potential
progress in trade negotiations with China. Nikkei and Hangseng were up
1.01% and 2.11%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed on a mixed note amid
mixed bag of quarterly results. Investors remained focused on latest
developments in Brexit negotiations and were cautious amid a monetary
policy announcement from the Bank of England.
As per the last close, U.S markets closed higher as comments from the
U.S. President indicated potential progress in U.S.-China trade relations.
Reports that overall corporate earnings have been mostly better than
expected this season and data showing that initial U.S. weekly jobless
claims fell for the week ended Oct 27, 2018 boosted investor sentiment.
Markets for You
FII Derivative Trade Statistics 01-Nov
(Rs Cr) Buy
Sell Open Int.
Index Futures 5758.74 5021.72 27078.51
Index Options 145890.83 145952.61 59265.28
Stock Futures 19516.94 18344.60 81924.12
Stock Options 7405.77 7308.55 5931.68
Total 178572.28 176627.48 174199.59
01-Nov Prev_Day
Change
Put Call Ratio (OI) 1.56 1.53 0.02
Indian Debt Market
Put Call Ratio(Vol) 0.93 0.95 -0.02
01-Nov Wk. Ago Mth. Ago
Year Ago
Call Rate 6.41% 6.50% 6.37% 5.87%
CBLO 6.32% 6.50% 5.94% 5.88%
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.91% 6.94% 6.90% 6.10%
364 Day T-Bill 7.45% 7.42% 7.60% 6.20%
10 Year Gilt 7.82% 7.87% 7.99% 6.89%
G-Sec Vol. (Rs.Cr) 32592 32817 34997 33317
Currency Market Update
FBIL MIBOR 6.59% 6.60% 6.50% 6.00%
3 Month CP Rate 8.65% 8.35% 8.00% 6.78%
5 Year Corp Bond 8.76% 8.82% 8.94% 7.57%
1 Month CD Rate 7.10% 7.12% 6.78% 6.08%
3 Month CD Rate 7.47% 8.39% 7.46% 6.21%
1 Year CD Rate 8.36% 8.34% 8.35% 6.57%
Commodity Market Update
Currency 01-Nov Prev_Day
Change
USD/INR 73.83 73.99 -0.16
GBP/INR 94.82 94.10 0.72
EURO/INR 83.73 83.93 -0.20
International News
JPY/INR 0.65 0.65 0.00
Commodity 01-Nov Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 63.62 67.15 75.32 54.27
Brent Crude($/bl) 70.54 78.19 85.33 61.42
Gold( $/oz) 1233 1232 1188 1274
Gold(Rs./10 gm) 31697 31736 30499 29264
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
02 November 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yield eased as crude oil prices plunged and rupee strengthened.
The security purchase by the central bank under open market operation
also lifted the market sentiment.
Yield on the 10-year benchmark paper (7.17% GS 2028) decreased 3
bps to 7.82% compared with the previous close of 7.85% after trading in
the range of 7.82% to 7.84%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,871 crore (gross) on Nov 1 compared with a
borrowing of Rs. 3,976 crore (gross) on Oct 31. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
29,142 crore on Oct 31.
Banks borrowed Rs. 405 crore under the central bank’s Marginal
Standing Facility on Oct 31 compared with no borrowing on Oct 30.
According to report from IHS Markit and Chartered Institute of
Procurement & Supply, U.K’s manufacturing Purchasing Managers' Index
fell to 51.1 in Oct 2018 from revised score of 53.6 in Sep 2018. This
marked the slowest pace over a period of more than two years. New
orders fell in Oct following lower new work from overseas and softer
growth of domestic demand.
A report from the Nationwide Building Society showed that U.K. house
price index grew 1.6% YoY as against an increase of 2% in Sep 2018. This
marked the slowest increase since May 2013.
Markets for You
Nifty Nov 2018 Futures settled at 10,413.45, a premium of 33.00 points,
above the spot closing of 10,380.45. The turnover on NSE’s Futures and
Options segment increased to Rs. 18,17,981.83 on Nov 1 compared with
Rs. 10,53,926.14 on Oct 31.
The Put-Call ratio stood at 0.89 compared with previous close of 0.88.
The Nifty Put-Call ratio stood at 1.53 compared with previous close of
1.56.
India VIX declined 2.90% to 19.2225 from 20.1300 in previous trading
session.
Open interest on Nifty Futures stood at 23.97 million as against
previous close at 23.98 million.
The Indian rupee appreciated against the greenback as crude oil price
declined below the $75 a barrel mark. The improvement in euro and
pound weakened dollar and lifted investors’ risk-taking appetite, which
lifted the local currency. The rupee closed at 73.45 a dollar, up 0.68%
compared with the previous close of 73.95.
The euro moved up against dollar with the rise in investors’ risk-taking
appetite at the start of the month. The euro was last seen trading at
1.1399 a dollar, up 0.79% compared with the previous close of 1.1310.
Gold prices edged up against the greenback as the latter weakened
following reports of development in Brexit negotiations.
Brent Crude prices lowered with signs of increasing supplies and strong
inventory build. U.S. crude stockpile improved 3.22 million barrels in the
week of Oct 26.
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