24 Oct 2018
Markets for You
Global Indices
Global Indices 23-Oct Prev_Day Abs. Change
% Change
#
Dow Jones 25,191 25,317 -126 -0.50
Nasdaq 7,438 7,469 -31 -0.42
FTSE 6,955 7,043 -88 -1.24
Nikkei 22,011 22,615 -604 -2.67
Hang Seng 25,347 26,153 -807 -3.08
Indian Indices 23-Oct Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 33,847 34,134 -287 -0.84
Nifty 50 10,147 10,245 -98 -0.96
Nifty 100 10,342 10,446 -104 -1.00
Nifty Bank 24,972 25,079 -106 -0.42
SGX Nifty 10,147 10,252 -105 -1.02
S&P BSE Power 1,945 1,943 2 0.10
S&P BSE Small Cap 13,637 13,805 -168 -1.21
S&P BSE HC 14,177 14,517 -340 -2.34
Date P/E Div. Yield P/E Div. Yield
23-Oct 21.61 1.32 24.41 1.32
Month Ago 23.73 1.20 27.09 1.20
Year Ago 24.19 1.19 26.37 1.12
Nifty 50 Top 3 Gainers
Company 23-Oct Prev_Day
% Change
#
HPCL 218 211 3.47
Indiabulls HFC 735 713 3.01
HDFC Ltd. 1687 1658 1.72
Nifty 50 Top 3 Losers Domestic News
Company 23-Oct Prev_Day
% Change
#
Asian Paints 1138 1200 -5.16
Sun Pharma 576 607 -5.12
Wipro 309 322 -4.07
Advance Decline Ratio
BSE NSE
Advances 759 492
Declines 1832 1335
Unchanged 134 86
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -33745
MF Flows** 100760
*23
rd
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)
24 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
-443
4.92%
(Jun-18)
Markets for You
Indian equity markets declined on weak global cues and liquidity
concerns. Rising geopolitical tensions kept major markets around the
world under pressure and the affects were seen in domestic markets as
well.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.84% and
0.96% to close at 33,847.23 and 10,146.80, respectively. S&P BSE Mid-Cap
lost 0.89%, while S&P BSE Small Cap fell 1.21%.
The overall market breadth on BSE was weak with 759 scrips advancing
and 1832 scrips declining. A total of 134 scrips remained unchanged.
On the BSE sectoral front, only S&P BSE Realty (0.41%) and S&P BSE
Power (0.1%) gained. S&P BSE Information Technology was the major
loser, down 2.79%, followed by S&P BSE Teck and S&P BSE Healthcare,
down 2.48% and 2.34%, respectively. S&P BSE Basic Materials and S&P
BSE Consumer Discretionary Goods & Services lost 1.74% and 1.23%,
respectively.
Railways has drawn up a Rs. 35,000 crore plan for electrification of all
railway lines across India. It will electrify the Rameswaram-Madurai
section with a cost of around Rs. 158 crore for a 161-km stretch.
Securities and Exchange Board of India (SEBI) data shows India’s non-
bank financial companies (NBFCs) are looking at repaying commercial
paper near a record Rs. 1.46 trillion in Aug-Oct 2018 and about Rs 1.2
trillion ($16.3 billion) in Oct-Dec 2018. This comes at the backdrop of the
fallout from defaults by a leading NBFC.
According media reports, the finance ministry could ask for relaxing the
prompt corrective action (PCA) framework of the Reserve Bank of India
(RBI) at the central bank’s board meeting. The board will also discuss ways
to ease credit flow to non-banking financial companies (NBFCs) in the
wake of the crisis at a leading NBFC.
HCL Technologies Ltd, software services exporter, registered 14.8% rise
in second-quarter net profit at Rs. 25.34 billion from Rs. 22.07 billion in
the year-ago period on higher revenue from its software services
business. The company beat market expectations.
RBL Bank’s Sep quarter profit increased 36% to Rs. 204.54 crore on the
back of rise in interest income. The bank had made Rs. 150.62 crore profit
in the year-ago period. Core net interest income increased 41% to Rs.
592.97 crore and non-interest income rose 38% Rs. 333.11 crore.
Jubilant Life Sciences’ consolidated net profit increased 67.18% to Rs.
209.77 crore for the quarter ended Sep 2018 against Rs. 125.47 crore in
the year-ago period. Robust pharma segment sales drove the
performance. Revenue from operations came in at Rs. 2,269.49 crore for
the period compared with Rs. 1,642.04 crore in the year-ago period.
Hindustan Zinc Ltd’s second-quarter profit fell 29.8% to Rs. 1,815 crore
from Rs. 2,584 crore in the year-ago period because of higher expenses.
Revenue from operations decreased 10% to Rs. 4,777 crore.
Asian equity markets declined as panicked investors resorted to sell-off.
The cause of their concern was the slowing global growth forecasts,
tensions between the U.S. and Saudi Arabia over a prominent journalist’s
death and the trade dispute. Italy’s budget and Brexit added their own bit
to investor anxiety. Today (as of Oct 24), Asian market opened higher
despite losses in the Wall Street. Also, decline in crude oil prices and weak
quarterly earnings restricted the gains. Both Nikkei and Hang Seng were
trading up 0.20% and 0.37%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed lower after the Italian
budget was rejected by the European Commission and was granted three
weeks time to submit a revised plan. Disappointing quarterly results from
few companies also weighed on the market.
As per the last close, U.S. markets closed lower following disappointing
quarterly results from few big companies. Significant weakness in
overseas markets amid worries about global economic growth and
mounting geopolitical tensions also weighed on the markets. However,
strong results from a fast food giant restricted some losses.
FII Derivative Trade Statistics 23-Oct
(Rs Cr) Buy
Sell Open Int.
Index Futures 7962.52 7437.56 21527.84
Index Options 114330.74 113388.73 85240.07
Stock Futures 30749.93 30400.41 85008.72
Stock Options 9280.48 9125.34 9108.72
Total 162323.67 160352.04 200885.35
23-Oct Prev_Day
Change
Put Call Ratio (OI) 1.04 1.10 -0.06
Indian Debt Market
Put Call Ratio(Vol) 0.80 0.90 -0.09
23-Oct Wk. Ago Mth. Ago
Year Ago
Call Rate 6.53% 6.54% 6.58% 5.85%
CBLO 6.48% 6.47% 6.42% 5.86%
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% 6.87% 7.08% 6.06%
364 Day T-Bill 7.45% 7.49% 7.58% 6.15%
10 Year Gilt 7.89% 7.87% 8.08% 6.80%
G-Sec Vol. (Rs.Cr) 33965 42832 39390 23079
Currency Market Update
FBIL MIBOR 6.60% 6.57% 6.65% 6.00%
3 Month CP Rate 8.20% 7.80% 8.05% 6.74%
5 Year Corp Bond 8.82% 8.80% 8.93% 7.51%
1 Month CD Rate 6.96% 6.88% 7.54% 6.06%
3 Month CD Rate 8.38% 7.46% 7.40% 6.19%
1 Year CD Rate 8.37% 8.41% 8.34% 6.57%
Commodity Market Update
Currency 23-Oct Prev_Day
Change
USD/INR 73.78 73.30 0.48
GBP/INR 95.56 95.93 -0.37
EURO/INR 84.47 84.57 -0.10
International News
JPY/INR 0.66 0.65 0.01
Commodity 23-Oct Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 66.44 71.88 70.75 51.86
Brent Crude($/bl) 79.56 80.97 79.34 58.18
Gold( $/oz) 1230 1224 1199 1282
Gold(Rs./10 gm) 31909 31799 30697 29611
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
24 October 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Markets for You
Nifty Oct 2018 Futures settled at 10,147.90, a premium of 1.10 points,
above the spot closing of 10,146.80. The turnover on NSE’s Futures and
Options segment increased to Rs. 9,82,011.81 on Oct 23 compared with
Rs. 8,71,268.00 on Oct 22.
The Put-Call ratio stood at 0.78, compared with the previous session’s
close of 0.88.
The Nifty Put-Call ratio stood at 1.04 compared with the previous
session’s close of 1.10.
Open interest on Nifty Futures stood at 24.30 million as against the
previous session’s close at 22.61 million.
Bond yield eased as rupee remained steady and crude oil prices
lowered. These factors reduced inflationary concerns to some extent
lifting market sentiments. Traders are now awaiting the announcement
of the next round of note purchases under open market operation.
Yield on the 10-year benchmark paper (7.17% GS 2028) declined 4 bps
to 7.89% compared with the previous closing of 7.93% after trading in
the range of 7.88% to 7.94%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 6,546 crore (gross) on Oct 23 compared with a
borrowing of Rs. 18,768 crore (gross) on Oct 22. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 8,953
crore on Oct 22.
Banks borrowed Rs. 30 crore under the central bank’s Marginal
Standing Facility on Oct 22 compared with no borrowing on Oct 21.
The Indian rupee was nearly steady against the greenback following
the drop in crude oil price below the $80 a barrel mark. The rupee
closed at 73.57 a dollar compared with the previous close of 73.56.
The euro improved against the greenback ahead of the European
Commission’s meeting to decide on the Italian budget. Brussels is
expected to reject the budget and demand changes in the spending
plan. The euro was last seen trading at 1.1475 a dollar, up 0.10%
compared with the previous close of 1.1463.
Gold prices went up amid tumbling global stock market following the
escalating geopolitical unrest and ambiguity on short term growth
prospect.
Brent Crude prices weakened as market participants grew wary amid
rising uncertainty on global economic growth outlook.
The central bank of Indonesia kept its key interest rate unchanged in
Oct 2018 after increasing the same in the previous two policy sessions.
The central bank kept the 7-day reverse repo rate unchanged at 5.75%.
The central bank aims to reduce the current account deficit to 2.5% of
GDP projected in 2019.
Preliminary data from the Census and Statistics Department showed
that Hong Kong's consumer price inflation accelerated strongly in Sep
2018. The consumer price index rose 2.7% on a yearly basis in Sep 2018
following a 2.3% increase in Aug 2018. This was the highest inflation rate
since Feb 2018 when inflation was 3.1%.
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