23 Oct 2018
Markets for You
Global Indices
Global Indices 22-Oct Prev_Day Abs. Change
% Change
#
Dow Jones 25,317 25,444 -127 -0.50
Nasdaq 7,469 7,449 20 0.26
FTSE 7,043 7,050 -7 -0.10
Nikkei 22,615 22,532 83 0.37
Hang Seng 26,153 25,561 592 2.32
Indian Indices 22-Oct Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,134 34,316 -181 -0.53
Nifty 50 10,245 10,304 -58 -0.57
Nifty 100 10,446 10,504 -58 -0.55
Nifty Bank 25,079 25,086 -7 -0.03
SGX Nifty 10,252 10,309 -58 -0.56
S&P BSE Power 1,943 1,942 1 0.06
S&P BSE Small Cap 13,805 14,083 -278 -1.97
S&P BSE HC 14,517 14,550 -32 -0.22
Date P/E Div. Yield P/E Div. Yield
22-Oct 21.90 1.31 24.65 1.31
Month Ago 23.73 1.20 27.09 1.20
Year Ago 24.12 1.20 26.28 1.12
Nifty 50 Top 3 Gainers
Company 22-Oct Prev_Day
% Change
#
Indiabulls HFC 713 654 9.08
Eicher Motors 22425 21625 3.70
ICICI Bank 327 315 3.69
Nifty 50 Top 3 Losers Domestic News
Company 22-Oct Prev_Day
% Change
#
IndusInd Bank 1449 1577 -8.07
BPCL 271 284 -4.37
Ultratech Cem 3463 3610 -4.05
Advance Decline Ratio
BSE NSE
Advances 804 492
Declines 1802 1351
Unchanged 158 87
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -33301
MF Flows** 100760
*22
nd
Oct 2018; **19
th
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)
23 October 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
3.80%
(May-18)
7.70%
(Mar-18)
Quarter Ago
Inflow/Outflow
556
-661
4.92%
(Jun-18)
Indian equity markets shed early gains and started the week in the red.
The bourses saw late sell-off as crude oil breached the $80 per barrel
mark once again, rupee went back to its losing trend and liquidity
concerns persisted. Blue chip companies were the worse hit.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.53% and
0.57% to close at 34,134.38 and 10,245.25, respectively. S&P BSE Mid-Cap
declined 0.71%, while S&P BSE Small Cap fell 1.97%.
The overall market breadth on BSE was weak with 804 scrips advancing
and 1802 scrips declining. A total of 158 scrips remained unchanged.
On the BSE sectoral front, only S&P BSE Power gained, up 0.06%, and
S&P BSE Auto remained unchanged. Rest all sectors lost and the biggest
loser was S&P BSE Energy, down 0.41%, followed by S&P BSE Oil & Gas
and S&P BSE Basic Materials, down 2.45% and 1.48%. S&P BSE Consumer
Durables and S&P BSE Industrials lost 1.27% and 1.17%. respectively.
Energy and oil & gas were hit as crude oil breached the $80 per barrel
mark once again.
The International Monetary Fund (IMF) and World Bank in their annual
conference held Indonesian said international trade frictions and future
fiscal and monetary policies are challenges facing the global economy.
Members urged leading economies to curb rising trade tensions caused by
protectionist policies and asked them to moderate the pace of monetary
policy "normalisation".
The ministry of electronics and IT could leave data protection legislation
to sectoral regulators and relevant departments for them to define what
makes up sensitive personal information. This data will have to be stored
only in India. This will ensure that regulators do not fall prey of the
overarching law once it comes into effect.
E-returns filed by individual taxpayers increased 70% annually to 5.4
crore in the Apr-Aug FY19. At the same time, average tax paid by them
has decreased 32% to Rs. 27,083. In FY18 and FY17, growth rate for e-
filers for Apr-Aug periods was 24% and 39%, respectively, and average tax
paid was about Rs. 44,000 to Rs. 40,200.
Paytm has forayed into Japan by launching PayPay, a QR-based
smartphone payment service in partnership with SoftBank Corp and
Yahoo Japan. The Vijay Shekhar Sharma-led company had raised $1.4
billion from SoftBank in 2017 for a 20% stake. PayPay will allow users to
store money from a bank account in their PayPay wallet and make
payments with it.
Asian Paints registered 14.4% decline in second quarter profit to Rs. 493
crore and missed expectations because of higher expenses. It had posted
Rs. 576 crore profit in the year-ago period.
Infrastructure Leasing and Financial Services’ (IL&FS) newly-appointed
board said it has roped in three advisors to formulate and execute a
resolution plan for the company. Arpwood Capital and JM Financial have
been chosen as the financial and transaction advisors (FTAs), while Alvarez
and Marsal (A&M) as the restructuring advisor to the debt-ridden
company's board.
Markets for You
Asian equity markets came in mixed as Saudi Arabia-U.S. tensions, Brexit
and Italy budget continued to cause concern among investors on the one
hand and Chinese regulators reassuring ‘unwavering support’ to the
economy buoyed Chinese and Hong Kong shares. Today (as of Oct 23),
Asian market opened lower following losses in the Wall Street. Both
Nikkei and Hang Seng were trading down 1.42% and 1.05%, respectively
(as at 8.a.m. IST).
As per the last close, European markets closed lower as gains from rally
in the Chinese stock market and easing concerns over Italy was reversed
after Italy vowed to stick to the draft budget. Investors were also cautious
ahead of policy meeting scheduled on Oct 25.
As per the last close, U.S. markets closed almost lower following decline
in banking stocks amid worries that higher mortgage rates would cap loan
growth. Concerns over many corporate earnings reports coming this week
and rising geopolitical tensions also dampened investor sentiment.
FII Derivative Trade Statistics 22-Oct
(Rs Cr) Buy
Sell Open Int.
Index Futures 4294.41 4732.33 22255.05
Index Options 106409.57 108993.99 81939.79
Stock Futures 18912.79 20576.46 85032.65
Stock Options 10942.88 10657.46 9290.23
Total 140559.65 144960.24 198517.72
22-Oct Prev_Day
Change
Put Call Ratio (OI) 1.10 1.07 0.03
Indian Debt Market
Put Call Ratio(Vol) 0.90 0.88 0.02
22-Oct Wk. Ago Mth. Ago
Year Ago
Call Rate 6.54% 6.32% 6.58% 5.97%
CBLO 6.50% 6.16% 6.42% 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 6.93% 6.85% 7.08% 6.10%
364 Day T-Bill 7.46% 7.50% 7.58% 6.18%
10 Year Gilt 7.93% 7.92% 8.08% 6.76%
G-Sec Vol. (Rs.Cr) 19083 21354 39390 22788
Currency Market Update
FBIL MIBOR 6.60% 6.50% 6.65% 6.05%
3 Month CP Rate 7.90% 7.80% 8.05% 6.74%
5 Year Corp Bond 8.86% 8.78% 8.93% 7.49%
1 Month CD Rate 7.11% 6.82% 7.54% 6.05%
3 Month CD Rate 8.23% 7.14% 7.40% 6.19%
1 Year CD Rate 8.38% 8.42% 8.34% 6.59%
Commodity Market Update
Currency 22-Oct Prev_Day
Change
USD/INR 73.30 73.44 -0.13
GBP/INR 95.93 95.65 0.28
EURO/INR 84.57 84.17 0.40
International News
JPY/INR 0.65 0.65 0.00
Commodity 22-Oct Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 69.20 71.79 70.75 51.58
Brent Crude($/bl) 81.34 81.50 79.34 58.38
Gold( $/oz) 1222 1227 1199 1280
Gold(Rs./10 gm) 31607 31892 30697 29611
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
23 October 2018
The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have been obtained from independent
third party sources and which are deemed to be reliable. The information provided cannot be considered as guidelines, recommendations or as a professional guide for the readers. It may be noted
that since Reliance Nippon Life Asset Management Company Limited (RNAM) has not independently verified the accuracy or authenticity of such information or data, or for that matter the
reasonableness of the assumptions upon which such data and information has been processed or arrive data; RNAM does not in any manner assures the accuracy or authenticity of such data and
information. Some of the statements & assertions contained in these materials may reflect RNAM’s views or opinions, which in turn may have been formed on the basis of such data or information.
The Sponsor(s), the Investment Manager, the Trustee or any of their respective directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy,
completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon the information provided herein, due care has been taken to ensure that the facts
are accurate and opinions given are fair and reasonable, to the extent possible. This information is not intended to be an offer or solicitation for the purchase or sale of any financial product or
instrument. Recipients of this information should rely on information/data arising out of their own investigations. Before making any investments, the readers are advised to seek independent
professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor(s), the Investment Manager, the Trustee, their respective directors, employees,
affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the
information contained in this material.
Readers are requested to click here for ICRON disclaimer - http://www.icraonline.com/legal/standard-disclaimer.html
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Oct 2018 Futures settled at 10,231.95, a discount of 13.30 points,
below the spot closing of 10,245.25. The turnover on NSE’s Futures and
Options segment increased to Rs. 8,71,268.00 on Oct 22 compared with
Rs. 8,17,144.32 on Oct 19.
The Put-Call ratio stood at 0.88, compared with the previous session’s
close of 0.83.
The Nifty Put-Call ratio stood at 1.10 compared with the previous
session’s close of 1.07.
Open interest on Nifty Futures stood at 22.61 million as against the
previous session’s close at 22.55 million.
Bond yield inched up following weakness of the rupee against the
greenback. However, further losses were restricted since the minutes of
the latest monetary policy came in as per expectations with no
significant deviations.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 1 bps to
7.93% compared with the previous closing of 7.92% after trading in the
range of 7.89% to 7.93%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 18,768 crore (gross) on Oct 22 compared with
a borrowing of Rs. 3,994 crore (gross) on Oct 19. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
15,690 crore on Oct 19.
The Indian rupee declined against the greenback following the surge in
crude oil prices ahead of the looming U.S. sanction on Iran. In addition,
the uncertainties surrounding the eurozone strengthened dollar and
weighed down on the local unit.
The euro declined against the greenback as market participants stayed
wary over the rising geopolitical unrest in the eurozone, pertaining to
the Italian budget.
Gold prices traded lower due to the rally in Chinese and Hong Kong
equity market.
Brent Crude prices stayed above $80 per barrel as market participant
remain wary over the looming U.S. sanction on Iran, which would
tighten the global oil supply.
Confederation of British Industry report showed majority of British
firms said Brexit had a negative effect on investment decision. Eight out
of 10 firms said Brexit has adversely affected investment. Majority firms
said they are looking at contingency plans as there is no clarity on Brexit
by Dec 2018.
Ministry of Economy, Trade and Industry data showed Japan's all
industry activity rebounded in Aug 2018. The all industry activity index
increased 0.5% MoM in Aug, against a 0.2% drop in Jul 2018 and a 0.9%
decline in Jun 2018. Expectations were for a monthly growth of 0.4%.
Markets for You
Thank you for
your time.