04 Sep 2018
Markets for You
Global Indices
Global Indices 03-Sep Prev_Day Abs. Change
% Change
#
Dow Jones Closed 25,965 NA NA
Nasdaq Closed 8,110 NA NA
FTSE 7,505 7,432 72 0.97
Nikkei 22,707 22,865 -158 -0.69
Hang Seng 27,713 27,889 -176 -0.63
Indian Indices 03-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,313 38,645 -333 -0.86
Nifty 50 11,582 11,681 -98 -0.84
Nifty 100 11,904 12,003 -99 -0.82
Nifty Bank 27,820 28,062 -242 -0.86
SGX Nifty 11,637 11,725 -88 -0.75
S&P BSE Power 2,115 2,141 -26 -1.22
S&P BSE Small Cap 17,164 17,193 -29 -0.17
S&P BSE HC 15,942 15,945 -3 -0.02
Date P/E Div. Yield P/E Div. Yield
3-Sep 24.76 1.15 28.16 1.16
Month Ago 23.97 1.18 28.23 1.18
Year Ago 23.82 1.23 25.99 0.93
Nifty 50 Top 3 Gainers
Company 03-Sep Prev_Day
% Change
#
Dr.Reddy 2593 2492 4.07
Eicher Motors 28886 28060 2.94
Wipro 308 301 2.36
Nifty 50 Top 3 Losers Domestic News
Company 03-Sep Prev_Day
% Change
#
Bajaj Finance 2724 2857 -4.64
HUL 1699 1780 -4.55
Power Grid 195 202 -3.47
Advance Decline Ratio
BSE NSE
Advances 1351 885
Declines 1399 966
Unchanged 219 85
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -4906
MF Flows** 76718
*3
rd
Sep 2018; **30
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)
04 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
-956
-2901
4.58%
(Apr-18)
Indian equity markets closed in the red as investors resorted to profit
booking and global cues remained weak. U.S.-Canada trade talks on the
North Atlantic Free Trade Agreement (NAFTA) ended without a resolution.
Investors had hoped of a revamped NAFTA out of the talks but were
disappointed. The two countries would meet again soon to continue talks.
Also, the rupee’s persistent weakness, falling to a new low on Sep 1, 2018,
added to the woes.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.86% and
0.84% to close at 38,312.52 and 11,582.35, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap decreased 0.45% and 0.17%, respectively.
On the BSE sectoral front, only three sectors gained and rest all fell. S&P
BSE Telecom stood as the major gainer, up 0.54% followed by S&P BSE
Consumer Durable and S&P BSE Metal that grew 0.39% and 0.26,
respectively. S&P BSE Fast Moving Consumer Goods was the major loser,
down 2.14%, followed by S&P BSE Realty and S&P BSE Power, down
1.23% and 1.22%, respectively.
RBI data showed businesses in India borrowed $2.18 billion from
overseas markets in Jul 2018 via external commercial borrowings, an
increase of 74% from the year-ago period. Companies raised $1.89 billion
from foreign markets in Jul 2017. Of the total money raised, $1.75 billion
was from automatic route and rest from approval route.
India's manufacturing sector grew moderately in Aug 2018 because of
softened domestic demand, according to a private business survey. The
private index came in at 51.7 in Aug from 52.3 in Jul 2018. A reading of
over 50 indicates expansion and otherwise contraction.
Around 343 infrastructure projects have over shot cost by Rs. 2.23 lakh
crore because of delays among other reasons, according to reports. The
projects are worth Rs. 150 crore or above each. The Ministry of Statistics
and Programme Implementation is the monitoring authority of
infrastructure projects worth Rs. 150 crore and above and the number of
projects is 1,332. Of these, 343 reported cost overrun and 253 time
escalation. The money spent on these projects till Apr 2018 is Rs.
6,63,109.75 crore, 35.85% of the anticipated cost.
According to media reports, the construction arm of Larsen & Toubro
has won orders worth Rs. 2,654 crore from Maharashtra State Road
Development Corporation.
According to media reports, Wipro has struck a deal worth of over $1.5
billion with Alight Solutions. Under the 10-year agreement, Wipro will
come up with a comprehensive suite of solutions and services to Alight
Solutions that provides technology-enabled health, wealth, HR and
finance solutions.
According to media reports, Maruti Suzuki reported 3.4% decline in total
sales for Aug 2018.The figure was 1,58,189 units compared with 1,63,701
in the same month last year.
According to media reports, Bajaj Auto witnessed a 30% increase in total
sales in Aug 2018 at 4,37,092 units as against 3,35,031 units in the same
month last year.
Markets for You
Asian markets dropped down as U.S.-Canada talks on North American
Free Trade Agreement ended without a resolution. The two countries will
again meet next week to work out a deal. China’s weak manufacturing
sector data for Aug 2018 added to the woes. The sector saw the weakest
growth since Jun 2017. Today (as of Sep 04), Asian markets opened lower
as trade concerns weighed on the investor’s sentiments. Investors
remained worried about uncertainty of the future of the North American
Free Trade Agreement (NAFTA) and a possible escalation of the U.S.-China
trade war. Both Nikkei and Hang Seng were trading down 0.05% and
0.09%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed mixed. A softer pound
led to sharp rise in U.K. shares. However, other markets of Europe fell on
trade-related concerns after U.S.-Canada trade talks ended with no deal.
China Aug 2018’s weak manufacturing data and a holiday in the U.S. also
weighed on markets.
U.S. markets remained closed on Sep 3 for the Labor Day holiday.
FII Derivative Trade Statistics 03-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 2451.07 3560.95 19081.03
Index Options 71231.24 69624.92 57175.17
Stock Futures 14028.01 15013.43 85945.02
Stock Options 8131.13 8113.93 4106.28
Total 95841.45 96313.23 166307.50
03-Sep Prev_Day
Change
Put Call Ratio (OI) 1.55 1.48 0.07
Indian Debt Market
Put Call Ratio(Vol) 1.01 1.02 -0.01
03-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 6.33% 6.34% 6.37% 5.83%
CBLO 6.22% 6.40% 5.21% 4.70%
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.79% 6.77% 6.76% 6.09%
364 Day T-Bill 7.32% 7.28% 7.25% 6.23%
10 Year Gilt 8.00% 7.89% 7.76% 6.48%
G-Sec Vol. (Rs.Cr) 34881 23721 28593 71510
Currency Market Update
FBIL MIBOR 6.50% 6.54% 6.46% 5.90%
3 Month CP Rate 7.70% 7.80% 7.60% 6.55%
5 Year Corp Bond 8.80% 8.68% 8.64% 7.32%
1 Month CD Rate 6.97% 6.69% 6.69% 6.07%
3 Month CD Rate 7.27% 7.23% 7.03% 6.15%
1 Year CD Rate 8.04% 7.99% 7.96% 6.48%
Commodity Market Update
Currency 03-Sep Prev_Day
Change
USD/INR 70.77 70.93 -0.16
GBP/INR 91.36 92.35 -0.99
EURO/INR 82.14 82.84 -0.69
International News
JPY/INR 0.64 0.64 0.00
Commodity 03-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) Closed 69.62 68.44 47.27
Brent Crude($/bl) 77.88 73.60 73.12 53.94
Gold( $/oz) 1200 1211 1213 1325
Gold(Rs./10 gm) 30226 29869 29428 29742
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
04 September 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Sep 2018 Futures settled at 11,641.75, a premium of 59.40
points, above the spot closing of 11,582.35. The turnover on NSE’s
Futures and Options segment improved to Rs. 6,07,405.41 on Sep 3
compared with Rs. 5,55,158.27 on Aug 31.
The Put-Call ratio stood at 0.91, same as the previous session’s close.
The Nifty Put-Call ratio stood at 1.48 compared with the previous
session’s close of 1.55.
Open interest on Nifty Futures stood at 25.95 million as against the
previous session’s close at 25.81 million.
Bond yields continued to rise as market sentiments remained
dampened with rupee hitting a record low against the greenback yet
again. On the other hand, oil prices continued to surge amid supply
concerns from Iran. The plunge in the domestic currency and tensed oil
market have sparked worries over rising inflation and possibility of
further monetary tightening in the domestic market.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 5 bps to
close at 8.00% from the previous closing of 7.95% after trading in a
range of 7.92% to 8.00%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,921 crore (gross) on Sep 3 compared with a
borrowing of Rs. 5,301 crore (gross) on Aug 31. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
50,107 crore on Aug 31.
The Indian rupee plunged to a record low, surpassing the 71-mark with
the surge in crude oil price, which raised concerns over the domestic
economic outlook. The rupee dropped 0.31% to close at 71.21 per dollar
from the previous close of 70.99.
The euro improved against the greenback after the euro zone
manufacturing growth for August came in line with the expectations,
though it was the slowest in two years. Euro was last seen trading at
1.611, up 0.10% from the previous close of 1.1599.
Gold prices was nearly flat as the greenback gained amid the ongoing
trade tension between U.S. and China.
Brent crude prices surged amid rising tension on Iranian oil supplies.
The Central Bank of the Republic of Turkey pledged to take necessary
action to support price stability after inflation witnessed the sharpest
rise in consumer prices in 15 years. Data from the Turkish Statistical
Institute showed that inflation surged 17.9% on a yearly basis in Aug
2018 from 15.85% in the previous month.
Survey data from IHS Markit showed that the manufacturing activity in
euro zone continued to strengthen in Aug 2018. The euro zone PMI
stood at 54.6 in Aug 2018 compared to 55.1 in Jul 2018. Germany’s IHS
Markit/BME manufacturing PMI stood at 55.9 in Aug 2018 compared to
56.9 in Jul 2018. The French factory PMI stood at 53.5 in Aug 2018
compared to 53.3 in Jul 2018.
Markets for You
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