26 Oct 2018
Markets for You
Global Indices
Global Indices 25-Oct Prev_Day Abs. Change
% Change
#
Dow Jones 24,985 24,583 401 1.63
Nasdaq 7,318 7,108 210 2.95
FTSE 7,004 6,963 41 0.59
Nikkei 21,269 22,091 -822 -3.72
Hang Seng 24,994 25,250 -255 -1.01
Indian Indices 25-Oct Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 33,690 34,034 -344 -1.01
Nifty 50 10,125 10,225 -100 -0.98
Nifty 100 10,308 10,415 -108 -1.03
Nifty Bank 24,817 25,064 -247 -0.98
SGX Nifty 10,126 10,255 -129 -1.26
S&P BSE Power 1,928 1,945 -17 -0.87
S&P BSE Small Cap 13,603 13,738 -135 -0.98
S&P BSE HC 13,909 14,135 -225 -1.59
Date P/E Div. Yield P/E Div. Yield
25-Oct 21.63 1.32 24.36 1.33
Month Ago 23.30 1.24 26.91 1.21
Year Ago 24.55 1.18 26.63 1.11
Nifty 50 Top 3 Gainers
Company 25-Oct Prev_Day
% Change
#
Wipro 319 309 3.16
HCL Tech 1005 981 2.46
Indian Oil 140 138 1.85
Nifty 50 Top 3 Losers Domestic News
Company 25-Oct Prev_Day
% Change
#
Indiabulls HFC 689 743 -7.29
Bharti Airtel 296 316 -6.43
United Phos 599 623 -3.75
Advance Decline Ratio
BSE NSE
Advances 881 563
Declines 1631 1234
Unchanged 125 84
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -35683
MF Flows** 105087
*25
th
Oct 2018; **24
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)
26 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
1847
-1837
4.92%
(Jun-18)
After witnessing a volatile session through-out the day, Indian equity
markets fell to near about seven months low. Weak cues from global
peers, expiry of Oct-series futures and options (F&O) contracts and
subdued corporate earnings from major automaker weighed on the
sentiments. Additionally, concerns of faster rate hikes by U.S. Federal
Reserve and ongoing U.S.-China trade war kept investors cautious.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 1.01% and
0.98% to close at 33,690.09 and 10,124.90, respectively. S&P BSE Mid-Cap
and S&P BSE Small-Cap fell 0.58% and 0.98% respectively.
On the BSE sectoral front, all the indices closed in red and S&P BSE
Telecom (-2.9%) stood as the major loser followed by S&P BSE Realty (-
1.79%) and S&P BSE Healthcare (-1.59%). Auto sector too posted huge fall
after a major auto maker reported quarterly loss for the period ending
Sep’18.
Among the 31-stock sensitive Sensex pack, Wipro (3.30%) stood as the
top gainer followed by Coal India (1.66%) and Kotak Bank (1.415).
Meanwhile, Bharti Airtel (-6.60%) stood as the major loser followed by
Vedanta Ltd. (-3.47%).
Government data showed that India’s fiscal deficit for Apr-Sep 2018
came in at Rs. 5.95 lakh crore, or 95.3% of the budgeted target for FY19
against 91.3% in the year-ago period. Net tax revenue was Rs. 5.83 lakh
crore or 39.4% of the budget estimate for FY19 compared with 44.2% in
the corresponding period of the previous year. The government’s total
expenditure for the period from Apr to Sep of 2018 stood at Rs. 13.04 lakh
crore or 53.4% of the budget estimate for FY19 compared with 53.5% in
the corresponding period of the previous year.
The government has approved the setting up of Appellate Tribunal and
Adjudicating Authority that will work for speedy disposal of cases related
to benami transactions. The government had notified Sessions courts in
34 states and Union Territories earlier in Oct 2018. These courts will act as
special courts for trial of offences under the benami transaction law.
According to a major credit rating agency, the supply of corporate bonds
is expected to increase to Rs.55 lakh crore - Rs. 60 lakh crore by the end of
FY23. This will be double as against Rs. 27.4 lakh crore witnessed at the
end of FY18. The upside is driven by increase in bond issuances from the
financial and infrastructure sectors. Meanwhile, the agency expects the
demand for these instruments to be more than Rs. 53 lakh crore, driven
by retirement funds, insurance companies, mutual funds, foreign portfolio
investors and others, and banks. This means that there would be a gap
between supply and demand in the range of Rs. 2 lakh crore- Rs. 7 lakh
crore.
According to media reports, the net profit of Yes Bank fell 3.8% on a
yearly basis in the quarter ended Sep 2018 to Rs. 964.70 crore. Net profit
came down due to an impact of Rs 252.2 crore of one-time mark to
market provisioning, predominantly on corporate bonds.
According to media reports, the net profit of Maruti Suzuki fell 9.8% to
Rs. 2,240 crore as against a profit of Rs. 2,484.30 crore in the same period
of the previous year. As per reports, this is the first decline in company’s
quarterly profit after nine consecutive quarters of profit growth.
Markets for You
Asian markets fell after taking subdued cues from the overnight U.S.
markets. U.S. market plunged following disappointing corporate earnings
reports and weak economic data. Persisting U.S.- China trade war and
geo-political tension also weighed on the sentiments. Today (as of Oct 26),
Asian market opened higher following gains in the U.S. Wall Street. Both
Nikkei and Hang Seng were trading up 0.42% and 0.10%, respectively (as
at 8.a.m. IST).
As per the last close, European markets closed higher after the
European Central Bank (ECB) left its interest rates as well as its forward
guidance unchanged. ECB also reaffirmed that the its massive asset
purchase program would end in Dec 2018. ECB President was also
confident regarding the economy and that the inflation is gradually
approaching its aim.
As per the last close, U.S. markets closed higher following upbeat
quarterly earnings from a fresh batch of few big companies. Bargain
hunting by investors after steep fall in the previous session and some
upbeat economic data further added to the gains.
FII Derivative Trade Statistics 25-Oct
(Rs Cr) Buy
Sell Open Int.
Index Futures 11222.43 10609.25 28497.27
Index Options 181206.75 180385.80 82511.99
Stock Futures 32931.67 32394.27 89815.11
Stock Options 9567.33 9359.68 8759.48
Total 234928.18 232749.00 209583.85
25-Oct Prev_Day
Change
Put Call Ratio (OI) 0.97 1.10 -0.13
Indian Debt Market
Put Call Ratio(Vol) 0.98 0.87 0.12
25-Oct Wk. Ago Mth. Ago
Year Ago
Call Rate 6.50% 6.58% 6.51% 5.88%
CBLO 6.50% 6.51% 6.29% 5.90%
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% 7.02% 6.10%
364 Day T-Bill 7.42% 7.47% 7.26% 6.21%
10 Year Gilt 7.87% 7.91% 8.13% 6.81%
G-Sec Vol. (Rs.Cr) 32817 22510 27124 36063
Currency Market Update
FBIL MIBOR 6.60% 6.60% 6.60% 6.00%
3 Month CP Rate 8.35% 7.90% 8.40% 6.75%
5 Year Corp Bond 8.79% 8.84% 8.99% 7.52%
1 Month CD Rate 7.12% 6.99% 7.19% 6.07%
3 Month CD Rate 8.39% 8.23% 7.62% 6.20%
1 Year CD Rate 8.34% 8.38% 8.36% 6.57%
Commodity Market Update
Currency 25-Oct Prev_Day
Change
USD/INR 73.27 73.26 0.01
GBP/INR 94.62 95.05 -0.43
EURO/INR 83.65 83.99 -0.35
International News
JPY/INR 0.65 0.65 0.00
Commodity 25-Oct Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 67.15 69.58 73.02 51.96
Brent Crude($/bl) 78.19 80.48 82.65 58.94
Gold( $/oz) 1232 1222 1201 1277
Gold(Rs./10 gm) 31736 31722 30728 29372
Source: Thomson Reuters Eikon
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26 October 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Oct 2018 Futures closed at 10,124.90, same as the spot closing.
The turnover on NSE’s Futures and Options segment increased to Rs.
18,72,655.73 on Oct 25 compared with Rs. 13,33,824.38 on Oct 24.
The Put-Call ratio stood at 0.80, compared with the previous session’s
close of 0.86.
The Nifty Put-Call ratio stood at 0.97 compared with the previous
session’s close of 1.10.
Open interest on Nifty Futures stood at 29.05 million as against the
previous session’s close at 26.31 million.
Bond yield was nearly steady as losses to global crude oil prices which
continued to remain at elevated levels and weakness of the rupee
against the greenback was offset by the security purchase under open
market operation.
Yield on the 10-year benchmark paper (7.17% GS 2028) remained
unchanged at 7.87% compared with the previous closing after trading in
the range of 7.84% to 7.89%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 19,201 crore (gross) on Oct 25 compared with
a borrowing of Rs. 3,896 crore (gross) on Oct 24. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 9,920
crore on Oct 24.
The Indian rupee declined tracking weakness in the global equity
market and subsequent loss in the domestic equity market. The rupee
closed at 73.28 a dollar, down 0.17% compared with the previous close
of 73.15.
The euro inched down against the greenback after the European
Central Bank chief opined that the euro zone monetary union remained
"fragile" and failed to ease concerns about financial instability in Italy.
The euro was last seen trading at 1.1381 a dollar, down 0.09% compared
with the previous close of 1.1391.
Gold prices remained steady as market participants resorted to the
yellow metal after overnight fall in the U.S. equity market on concerns
over weak corporate results.
Brent Crude prices plunged after the U.S. Equity market saw a steep
fall on worries over weak corporate earnings.
According to the data released by the Commerce Department U.S. new
home sales fell sharply by 5.5% to an annual rate of 553,000 in Sep 2018
from the revised rate of 585,000 (629,000 originally reported) in Aug
2018. New home sales fell to their lowest level Dec 2016. The fall was
partially due to 40.6% decline in sales in the Northeast.
The European Central Bank (ECB) kept its interest rates and forward
guidance neutral for the third consecutive policy session. This along it
reaffirmed its massive asset purchase program would end in Dec 2018.
The main refinance rate, deposit rate and marginal lending facility
stands at 0%, -0.40% and 0.25%, respectively. The ECB continues to
halve its monthly bond purchases to EUR 15 billion as announced in Jun
2018 and plans to end it in Dec 2018.
Markets for You
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