03 Sep 2018
Markets for You
Global Indices
Global Indices 31-Aug Prev_Day Abs. Change
% Change
#
Dow Jones 25,965 25,987 -22 -0.09
Nasdaq 8,110 8,088 21 0.26
FTSE 7,432 7,516 -84 -1.11
Nikkei 22,865 22,870 -4 -0.02
Hang Seng 27,889 28,164 -276 -0.98
Indian Indices 31-Aug Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,645 38,690 -45 -0.12
Nifty 50 11,681 11,677 4 0.03
Nifty 100 12,003 11,991 12 0.10
Nifty Bank 28,062 28,103 -42 -0.15
SGX Nifty 11,725 11,699 26 0.22
S&P BSE Power 2,141 2,114 27 1.28
S&P BSE Small Cap 17,193 17,100 94 0.55
S&P BSE HC 15,945 15,606 340 2.18
Date P/E Div. Yield P/E Div. Yield
31-Aug 24.85 1.15 28.40 1.15
Month Ago 23.61 1.17 28.22 1.18
Year Ago 23.72 1.23 25.62 0.94
Nifty 50 Top 3 Gainers
Company 31-Aug Prev_Day
% Change
#
Dr.Reddy 2492 2380 4.70
Tech Mahindra 766 732 4.63
Lupin 931 894 4.23
Nifty 50 Top 3 Losers Domestic News
Company 31-Aug Prev_Day
% Change
#
Yes Bank 344 362 -5.04
RIL 1242 1274 -2.57
Bajaj Finance 2857 2927 -2.40
Advance Decline Ratio
BSE NSE
Advances 1440 949
Declines 1236 854
Unchanged 184 99
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -2005
MF Flows** 76406
*31
st
Aug 2018; **28
th
Aug 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
4.17%
(Jul-18)
2.36%
(Jul-17)
IIP
7.00%
(Jun-18)
-0.30%
(Jun-17)
GDP
8.20%
(Jun-18)
5.60%
(Jun-17)
03 September 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
5.30%
(Mar-18)
7.70%
(Mar-18)
Quarter Ago
Inflow/Outflow
-151
799
4.58%
(Apr-18)
Government data showed that the gross domestic product (GDP) at
2011-12 prices of the Indian economy witnessed a growth of 8.2% on a
yearly basis in the first quarter of FY19 mainly on the back of
manufacturing growth. GDP growth in Jun 2017 came in at 5.6% as
companies were preparing for the start of the Goods and Services Tax
(GST) regime. On the sectoral front, manufacturing and Public
administration, defence & other services surged 13.5% and 9.9%,
respectively. Construction and Electricity, gas, water supply & other utility
services grew 8.7% and 7.3%, respectively.
Government data showed that India’s fiscal deficit for Apr-Jul 2018
came in at Rs. 5.40 lakh crore, or 86.5% of the budgeted target for FY19
against 92.4% in the year-ago period. Net tax receipts were Rs. 2.92 lakh
crore or 19.8% of the budget estimate for FY19 compared with 21% in the
corresponding period of the previous year. The government’s total
expenditure for the period from Apr to Jul of 2018 stood at Rs. 8.89 lakh
crore or 36.4% of the budget estimate for FY19 compared with 37.7% in
the corresponding period of the previous year.
Government data showed that the growth of index of eight core
industries came in at 6.6% in Jul 2018 as against an upwardly revised
growth of 7.6% (6.7% originally reported) in Jun 2018. Refinery products
witnessed the maximum growth of 12.3%, followed by Cement and Coal
sector that surged 10.8% and 9.7%. However, crude oil sector witnessed
the maximum decline of 5.4%, thereby marking a decline for the eighth
consecutive month. Natural Gas also registered a decline of 5.2%, thereby
marking a decline for the third consecutive month.
The finance minister said demonetisation of high value notes in 2016
has formalised the economy, leading to greater tax collection and higher
growth. RBI data has shown that almost all the banned notes were given
back to banks.
Markets for You
Indian equity markets remained flattish as investors awaited the release
of Gross Domestic Product data, due to be released after market hours.
Negative global cues also dampened sentiment. The U.S. President again
turned aggressive in his statements on trade with China and European
Union.
Key benchmark indices S&P BSE Sensex fell 0.12% to close at 38,645.07
and Nifty 50 increased 0.03% to 11,680.50. S&P BSE Mid-Cap and S&P BSE
Small Cap gained 0.35% and 0.55%, respectively.
The overall market breadth on BSE was strong with 1440 scrips
advancing and 1236 scrips declining. A total of 184 scrips remained
unchanged.
On the BSE sectoral front S&P BSE Healthcare stood as the major gainer,
up 2.18% followed by S&P BSE Information Technology that grew 1.38%.
S&P BSE Power and S&P BSE Teck grew 1.28% and 1.11%. S&P BSE Capital
Goods and S&P BSE Utilities grew 1.04% and 0.99%. The major losers were
S&P BSE Energy and S&P BSE Metal, falling 1.49% and 0.63%.
Asian equity markets mostly traded down as news reports stated that
the U.S. President could go ahead with higher tariffs on Chinese imports
soon. The President’s provocative statements added to the woes he
threatened to leave the World Trade Organisation and compared the
European Union with China on the trade front. Fears over worsening trade
war kept Chinese markets down although economic data was upbeat.
Today (as of Sep 03), Asian markets opened lower after U.S. and Canada
failed to reach a trade deal. Both Nikkei and Hang Seng were trading
down 0.53% and 0.28%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed lower as uncertainty
surrounding Brexit and U.S. trade policy weighed on investor sentiment.
Uncertainty about trade talks between the U.S. and Canada also weighed
on the markets.
As per the last close, U.S markets closed mixed as U.S. President’s
warning that he could pull the U.S. out of the World Trade Organization
weighed on the market sentiments, while boost in tech stocks gave some
boost to the indices.
FII Derivative Trade Statistics 31-Aug
(Rs Cr) Buy
Sell Open Int.
Index Futures 5932.20 5035.70 17646.72
Index Options 141940.03 141146.39 50043.18
Stock Futures 25922.95 25121.92 84004.43
Stock Options 6377.13 6295.42 830.33
Total 180172.31 177599.43 152524.66
31-Aug Prev_Day
Change
Put Call Ratio (OI) 1.55 1.68 -0.12
Indian Debt Market
Put Call Ratio(Vol) 1.01 1.03 -0.02
31-Aug Wk. Ago Mth. Ago
Year Ago
Call Rate 6.41% 6.39% 6.16% 5.83%
CBLO 5.40% 6.44% 6.24% 5.67%
Repo 6.50% 6.50% 6.25% 6.00%
Reverse Repo 6.25% 6.25% 6.00% 5.75%
91 Day T-Bill 6.76% 6.80% 6.69% 6.08%
364 Day T-Bill 7.30% 7.29% 7.24% 6.24%
10 Year Gilt 7.95% 7.87% 7.77% 6.53%
G-Sec Vol. (Rs.Cr) 29325 31439 26766 32284
Currency Market Update
FBIL MIBOR 6.45% 6.55% 6.25% 5.96%
3 Month CP Rate 7.70% 7.80% 7.50% 6.57%
5 Year Corp Bond 8.78% 8.64% 8.64% 7.34%
1 Month CD Rate 6.96% 6.75% 6.89% 6.04%
3 Month CD Rate 7.25% 7.21% 7.30% 6.15%
1 Year CD Rate 8.04% 8.02% 8.06% 6.47%
Commodity Market Update
Currency 31-Aug Prev_Day
Change
USD/INR 70.93 70.73 0.19
GBP/INR 92.35 92.15 0.20
EURO/INR 82.84 82.72 0.12
International News
JPY/INR 0.64 0.63 0.01
Commodity 31-Aug Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 69.79 69.46 69.25 47.21
Brent Crude($/bl) 77.01 73.60 74.80 53.48
Gold( $/oz) 1201 1206 1223 1322
Gold(Rs./10 gm) 30226 29561 29660 29456
Source: Thomson Reuters Eikon
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03 September 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields rose for the sixth straight session as rupee plunged to a
record low against the greenback. Besides, the consistent rise in crude
oil prices and the ongoing global trade war have also been weighing on
the market sentiments. As such, there are concerns regarding foreign
fund flow and worries over rising inflation in the domestic market.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 2 bps to
close at 7.95% from the previous closing of 7.93% after trading in a
range of 7.93% to 7.96%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 5,301 crore (gross) on Aug 31 compared with a
borrowing of Rs. 3,516 crore (gross) on Aug 30. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
28,777 crore on Aug 30.
A report released by the Commerce Department showed personal
income and spending in the U.S. both increased in Jul 2018 and was in
line with market’s expectations. Personal income rose 0.3% after moving
up by 0.4% in Jun 2018. Personal spending grew 0.4% in Jul 2018, similar
with the increase in the previous month.
Flash data from Eurostat showed euro zone inflation slowed
unexpectedly in Aug 2018 due to oil prices but was above the European
Central Bank’s target of "below, but close to 2 percent" inflation.
Inflation eased to 2% from 2.1% in Jul 2018.
Markets for You
Nifty Sep 2018 Futures settled at 11,735.30, a premium of 58.50 points,
above the spot closing of 11,680.50. The turnover on NSE’s Futures and
Options segment declined to Rs. 5,55,158.27 on Aug 31 compared with
Rs. 19,31,285.99 on Aug 30.
The Put-Call ratio stood at 0.91 against previous session’s close of 0.84.
The Nifty Put-Call ratio stood at 1.55 compared with the previous
session’s close of 1.68.
India VIX improved 2.17% to 12.6825 from 12.4125 in the previous
trading session.
Open interest on Nifty Futures stood at 25.81 million as against the
previous session’s close at 35.44 million.
The Indian rupee plunged to record low over rising concerns on the
ongoing U.S.-China trade dispute, the Turkish financial crises and the
slump in Argentinean peso.The rupee dropped 0.35% to close at 70.99
per dollar from the previous close of 70.74.
The euro weakened against the greenback after worries over trade
tension between the U.S. and the European Union (EU). Euro was last
seen trading at $1.628, down from the previous close of 1.1670.
Gold prices improved with the rising trade dispute between U.S. and
China.
Brent crude prices declined after aggravated trade tension between
U.S. and China raised concerns over the future oil demand.
Thank you for
your time.