25 Oct 2018
Markets for You
Global Indices
Global Indices 24-Oct Prev_Day Abs. Change
% Change
#
Dow Jones 24,583 25,191 -608 -2.41
Nasdaq 7,108 7,438 -329 -4.43
FTSE 6,963 6,955 8 0.11
Nikkei 22,091 22,011 80 0.37
Hang Seng 25,250 25,347 -97 -0.38
Indian Indices 24-Oct Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,034 33,847 187 0.55
Nifty 50 10,225 10,147 78 0.77
Nifty 100 10,415 10,342 74 0.71
Nifty Bank 25,064 24,972 92 0.37
SGX Nifty 10,255 10,147 108 1.06
S&P BSE Power 1,945 1,945 0 -0.02
S&P BSE Small Cap 13,738 13,637 101 0.74
S&P BSE HC 14,135 14,177 -42 -0.30
Date P/E Div. Yield P/E Div. Yield
24-Oct 21.88 1.31 24.60 1.31
Month Ago 23.30 1.24 26.66 1.22
Year Ago 24.27 1.19 26.42 1.12
Nifty 50 Top 3 Gainers
Company 24-Oct Prev_Day
% Change
#
Bajaj Finance 2312 2083 10.97
Bharti Airtel 316 286 10.48
HPCL 233 218 6.82
Nifty 50 Top 3 Losers Domestic News
Company 24-Oct Prev_Day
% Change
#
Yes Bank 204 213 -4.32
Bajaj Auto 2475 2587 -4.31
Grasim Indus 809 826 -2.05
Advance Decline Ratio
BSE NSE
Advances 1351 994
Declines 1224 819
Unchanged 141 99
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -33846
MF Flows** 102043
*24
th
Oct 2018; **22
nd
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)
25 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
826
-101
4.92%
(Jun-18)
Indian equity markets gained, breaking the four-day losing streak.
Financial and oil marketing stocks were at the fore front of gains ahead of
the expiry of Oct-series futures and options (F&O) contracts.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.55% and
0.77% to close at 34,033.96 and 10,224.75, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap increased 0.95% and 0.74%, respectively.
The overall market breadth on BSE was strong with 1351 scrips
advancing and 1224 scrips declining. A total of 141 scrips remained
unchanged.
On the BSE sectoral front, S&P BSE Telecom was the major gainer, up
4.93%, followed by S&P BSE Realty and S&P BSE Oil & Gas, up 3.69% and
2.21%, respectively. S&P BSE Consumer Durables and S&P BSE Finance
gained 1.62% and 1.44%, respectively. S&P BSE Healthcare was the major
loser, down 0.3%, followed by S&P BSE Information Technology and S&P
BSE Power, down 0.22% and 0.02%, respectively. The telecom sector
surged as an industry leader gained on news of global investors investing
in its African subsidiary.
To enable single-click onboarding, the department of
telecommunications (DoT) will launch a mobile app. Single-click
onboarding will mean a user can have one-time login and authentication
to access any public WiFi hotspot in the country. The app will offer users
cheaper and faster internet compared with mobile data and also enhance
the proliferation of public Wi-Fi hotspots. This will take forward the
objectives of national digital communications policy approved by the
Union cabinet in Sep 2018.
The government is planning to change many sections of the Companies
Act to simplify the law, which came into force in 2013. The ministry of
corporate affairs is looking into the changes, which include fast tracking of
mergers and acquisitions, doubling of penalty for repeat offences, raising
remuneration of independent directors and preventing Section 8
companies, or companies formed with charitable objects, from changing
into commercial companies. Offences that are procedural and technical
lapses have been proposed to be transferred to in-house adjudication
mechanism.
Wipro Ltd reported 13.8% decline in second-quarter net profit as higher
expenses played spoilsport. The Indian software services
exporter registered a net profit of Rs. 1,889 crore in the quarter ended
Sep 2018 against Rs. 2,192 crore in the year-ago period.
InterGlobe Aviation Ltd, the company that operates IndiGo airline,
reported loss of Rs. 652.13 crore for the Sep 2018 quarter. This is the
company’s first-ever loss since it got listed on the stock exchanges in Nov
2015. The slide came due to rising jet fuel prices, currency depreciation,
lower yields and a foreign exchange loss. All this outweighed higher
passenger traffic. The airline had reported a profit of Rs. 551.56 crore in
the year-ago period.
Markets for You
Asian equity markets came in mixed as optimism over upbeat Japan
manufacturing data was overshadowed by fall in oil prices and concerns
over U.S. earnings. Disappointing earnings of American big shots made
investors worry over slowing global growth. Also, U.S.-China trade war,
Italian budget and U.S.-Saudi dispute continued to make investors
anxious. Today (as of Oct 25), Asian market opened lower following losses
in the Wall Street. Both Nikkei and Hang Seng were trading down 3.42%
and 2.25%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed mostly lower due to
losses in the Wall Street. However, strong quarterly results of retail stocks
restricted the losses.
As per the last close, U.S. markets closed lower following disappointing
quarterly results from companies. Steep decline in new home sales in Sep
2018 also weighed on investors sentiments.
FII Derivative Trade Statistics 24-Oct
(Rs Cr) Buy
Sell Open Int.
Index Futures 12148.10 12725.48 24851.24
Index Options 120978.32 120436.48 83060.92
Stock Futures 41053.90 41244.79 87419.57
Stock Options 6968.88 7014.85 8824.14
Total 181149.20 181421.60 204155.87
24-Oct Prev_Day
Change
Put Call Ratio (OI) 1.10 1.04 0.06
Indian Debt Market
Put Call Ratio(Vol) 0.87 0.80 0.06
24-Oct Wk. Ago Mth. Ago
Year Ago
Call Rate 6.50% 6.58% 6.58% 5.86%
CBLO 6.47% 6.51% 6.47% 5.85%
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.94% 6.93% 7.09% 6.10%
364 Day T-Bill 7.45% 7.47% 7.60% 6.16%
10 Year Gilt 7.87% 7.91% 8.12% 6.78%
G-Sec Vol. (Rs.Cr) 41414 22510 26066 27456
Currency Market Update
FBIL MIBOR 6.60% 6.60% 6.65% 6.00%
3 Month CP Rate 8.25% 7.90% 8.20% 6.74%
5 Year Corp Bond 8.85% 8.84% 8.98% 7.50%
1 Month CD Rate 7.20% 6.99% 7.40% 6.07%
3 Month CD Rate 8.38% 8.23% 7.44% 6.20%
1 Year CD Rate 8.37% 8.38% 8.33% 6.57%
Commodity Market Update
Currency 24-Oct Prev_Day
Change
USD/INR 73.26 73.78 -0.52
GBP/INR 95.05 95.56 -0.50
EURO/INR 83.99 84.47 -0.48
International News
JPY/INR 0.65 0.66 0.00
Commodity 24-Oct Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 66.46 69.58 72.85 52.27
Brent Crude($/bl) 78.23 80.48 81.33 58.33
Gold( $/oz) 1234 1222 1198 1276
Gold(Rs./10 gm) 31692 31722 30664 29611
Source: Thomson Reuters Eikon
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25 October 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Oct 2018 Futures settled at 10,228.55, a premium of 3.80 points,
above the spot closing of 10,224.75. The turnover on NSE’s Futures and
Options segment increased to Rs. 13,33,824.38 on Oct 24 compared
with Rs. 9,82,011.81 on Oct 23.
The Put-Call ratio stood at 0.86, compared with the previous session’s
close of 0.78.
The Nifty Put-Call ratio stood at 1.10 compared with the previous
session’s close of 1.04.
Open interest on Nifty Futures stood at 26.31 million as against the
previous session’s close at 24.30 million.
Bond yield eased with the rupee appreciation, sharp plunge in crude
oil prices, and rebound in the local equity market. This boosted the
overall market sentiments and alleviated inflationary concerns.
Yield on the 10-year benchmark paper (7.17% GS 2028) declined 2 bps
to 7.87% compared with the previous closing of 7.89% after trading in
the range of 7.83% to 7.88%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,896 crore (gross) on Oct 24 compared with a
borrowing of Rs. 6,546 crore (gross) on Oct 23. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
15,560 crore on Oct 23.
Banks did not borrow under the central bank’s Marginal Standing
Facility on Oct 23, compared with borrowing of Rs. 30 crore on Oct 22.
The Indian rupee appreciated following a steep decline in crude oil
prices after Saudi Arabia assured of keeping the oil market well supplied
and meet the supply deficit due to U.S. sanction on Iran. The local unit
was also supported by a rebound in the domestic equity market.
The euro saw a steep decline following indications of weak economic
growth in the euro zone.
Gold prices marginally fell as the risk-taking appetite of market
participants improved with recovery in the Chinese market.
Brent Crude prices saw a sharp decline amid speculations of soft
demand due to uncertainties on global economic growth.
IHS Markit data showed euro zone economy grew at the slowest pace
for over two years in Oct 2018. This happened as an export-led
slowdown continued to spread to the service sector. The composite
output index decreased to 52.7 from 54.1 in Sep 2018. Expectations
were for 53.9.
Cabinet Office data showed Japan's leading index went up more than
initially estimated in Aug 2018. The leading index, measuring future
economic activity, rose to 104.5 in Aug from 103.9 in Jul 2018. The
preliminary reading was 104.4.
Markets for You
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