05 Sep 2018
Markets for You
Global Indices
Global Indices 04-Sep Prev_Day Abs. Change
% Change
#
Dow Jones 25,952 Closed NA NA
Nasdaq 8,091 Closed NA NA
FTSE 7,458 7,505 -47 -0.62
Nikkei 22,697 22,707 -10 -0.05
Hang Seng 27,973 27,713 261 0.94
Indian Indices 04-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,158 38,313 -155 -0.40
Nifty 50 11,520 11,582 -62 -0.54
Nifty 100 11,799 11,904 -105 -0.89
Nifty Bank 27,431 27,820 -389 -1.40
SGX Nifty 11,549 11,637 -88 -0.75
S&P BSE Power 2,073 2,115 -42 -1.98
S&P BSE Small Cap 16,815 17,164 -349 -2.04
S&P BSE HC 15,716 15,942 -226 -1.42
Date P/E Div. Yield P/E Div. Yield
4-Sep 24.47 1.17 28.01 1.16
Month Ago 23.97 1.18 28.23 1.18
Year Ago 23.61 1.24 25.83 0.94
Nifty 50 Top 3 Gainers
Company 04-Sep Prev_Day
% Change
#
HCL Tech 1076 1049 2.59
Tech Mahindra 764 746 2.45
TCS 2099 2053 2.24
Nifty 50 Top 3 Losers Domestic News
Company 04-Sep Prev_Day
% Change
#
Grasim Industries 1023 1066 -4.02
UltraTech Cement 4201 4374 -3.94
Asian Paints 1311 1362 -3.69
Advance Decline Ratio
BSE NSE
Advances 727 412
Declines 2053 1424
Unchanged 131 78
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -3470
MF Flows** 76693
*4
th
Sep 2018; **31
st
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)
05 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
266
1436
4.58%
(Apr-18)
Indian equity markets ended in the red because of weak Asian cues.
Trade tensions kept investors in the region on their toes. U.S. President
had come down hard on Canada over the North American Free Trade
Agreement (NAFTA) and asked for revised deal that is "fair" to the U.S.
Media reports suggested that the President could very soon impose tariffs
on another $200 billion worth of Chinese imports. Also, rupee’s decline
continued unabated and dampened sentiment.
Key benchmark indices S&P BSE Sensex and Nifty 50 declined 0.40% and
0.54% to close at 38,157.92 and 11,520.30, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap went down 2.60% and 2.04%, respectively.
On the BSE sectoral front, only two sectors gained and rest all fell. S&P
BSE Information Technology stood as the major gainer, up 1.93% followed
by S&P BSE Teck that grew 1.31%. S&P BSE Consumer Durables was the
major loser, down 2.58%, followed by S&P BSE Basic Materials and S&P
BSE Realty, down 2.49% and 2.11%, respectively. The information
technology (IT) sector gained as rupee hit a fresh low. A low rupee
benefits export-oriented businesses such as IT.
According to media reports, the government will not lower excise duty
on petrol and diesel to cushion the recent increase in global crude oil
prices. This is because the government has limited fiscal space as imports
have turned expensive due to a plunge of the rupee against the
greenback. Also there are concerns that lowering excise duty on petrol
and diesel may widen the country’s current account deficit.
According to the telecom secretary, the new telecom policy which is
being branded as the National Digital Communications Policy is expected
to be placed before the Cabinet for approval in two weeks. There are
expectations that the new telecom policy will attract investment of
around Rs. 6.5 lakh crore in the sector and create 40 lakh new job
opportunities.
According to major global credit rating agency, the volatility of the
currency against the greenback will have limited impact on India's
sovereign credit profile as the country has a low level of foreign currency
and external debt. The rating agency also noted that increase in domestic
borrowing costs due to weakness of the rupee will be mitigated by the
Reserve Bank of India’s focus on containing domestic inflationary
pressures.
Tata Consultancy Services Ltd’s market cap surged past the Rs. 8 trillion
mark for the first time today. It is thus the second Indian company after
Reliance Industries Ltd to achieve the milestone.
Two-wheeler manufacturer Hero MotoCorp reported a 0.92% YoY rise in
total sales at 685,047 units in Aug 2018, compared with 678,797 units sold
in Aug 2017. The company also announced that it commenced shipment
of its new premium motorcycle, the Xtreme 200R, to dealers across India.
Bajaj Auto reported a 30% jump in total sales in Aug 2018 at 4,37,092
units as against 3,35,031 units in Aug 2017. Domestic sales increased 27%
at 2,55,631 units as against 2,00,659 units in the similar month last year.
Total motorcycle sales stood at 3,62,923 units as against 2,83,861 units in
Aug 2017, registering a growth of 28%.
Markets for You
Asian equity markets were mixed as trade tensions kept investors on the
back foot. Crisis in currencies of Argentina and Turkey added to the
cautious mood. Today (as of Sep 05), Asian markets opened lower
following losses in U.S. Wall Street due to trade worries. Both Nikkei and
Hang Seng were trading down 0.07% and 0.68%, respectively (as at 8.a.m.
IST).
As per the last close, European markets closed lower as worries over
crisis in emerging markets and trade tensions between the U.S. and major
economies weighed on investor’s sentiments.
As per the last close, U.S. markets closed lower as investors were
concerned about global trade after U.S. and Canada failed to reach an
agreement to reform NAFTA.
FII Derivative Trade Statistics 04-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 2236.61 2630.26 19352.09
Index Options 69972.69 68375.74 60744.96
Stock Futures 12901.39 13573.95 85018.73
Stock Options 9471.83 9585.70 5851.08
Total 94582.52 94165.65 170966.86
04-Sep Prev_Day
Change
Put Call Ratio (OI) 1.45 1.48 -0.03
Indian Debt Market
Put Call Ratio(Vol) 1.04 1.02 0.02
04-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 6.32% 6.35% 6.37% 5.86%
CBLO 6.22% 6.38% 5.21% 5.80%
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.75% 6.77% 6.76% 6.08%
364 Day T-Bill 7.32% 7.28% 7.25% 6.23%
10 Year Gilt 8.06% 7.90% 7.76% 6.50%
G-Sec Vol. (Rs.Cr) 41362 26760 28593 54777
Currency Market Update
FBIL MIBOR 6.45% 6.46% 6.46% 6.00%
3 Month CP Rate 7.70% 7.80% 7.60% 6.56%
5 Year Corp Bond 8.85% 8.69% 8.64% 7.33%
1 Month CD Rate 6.94% 6.62% 6.69% 6.10%
3 Month CD Rate 7.29% 7.30% 7.03% 6.15%
1 Year CD Rate 8.06% 8.00% 7.96% 6.49%
Commodity Market Update
Currency 04-Sep Prev_Day
Change
USD/INR 71.19 70.77 0.42
GBP/INR 91.46 91.36 0.10
EURO/INR 82.49 82.14 0.35
International News
JPY/INR 0.64 0.64 0.00
Commodity 04-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 69.77 68.49 68.44 47.27
Brent Crude($/bl) 77.58 75.90 73.12 53.09
Gold( $/oz) 1191 1201 1213 1334
Gold(Rs./10 gm) 30191 30097 29428 30165
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
05 September 2018
The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have been obtained from independent
third party sources and which are deemed to be reliable. The information provided cannot be considered as guidelines, recommendations or as a professional guide for the readers. It may be noted
that since Reliance Nippon Life Asset Management Company Limited (RNAM) has not independently verified the accuracy or authenticity of such information or data, or for that matter the
reasonableness of the assumptions upon which such data and information has been processed or arrive data; RNAM does not in any manner assures the accuracy or authenticity of such data and
information. Some of the statements & assertions contained in these materials may reflect RNAM’s views or opinions, which in turn may have been formed on the basis of such data or information.
The Sponsor(s), the Investment Manager, the Trustee or any of their respective directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy,
completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon the information provided herein, due care has been taken to ensure that the facts
are accurate and opinions given are fair and reasonable, to the extent possible. This information is not intended to be an offer or solicitation for the purchase or sale of any financial product or
instrument. Recipients of this information should rely on information/data arising out of their own investigations. Before making any investments, the readers are advised to seek independent
professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor(s), the Investment Manager, the Trustee, their respective directors, employees,
affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the
information contained in this material.
Readers are requested to click here for ICRON disclaimer - http://www.icraonline.com/legal/standard-disclaimer.html
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Sep 2018 Futures settled at 11,573.10, a premium of 52.80
points, above the spot closing of 11,520.30. The turnover on NSE’s
Futures and Options segment improved to Rs. 10,17,418.71 on Sep 4.
The Put-Call ratio stood at 0.87, compared with the previous session’s
close of 0.91.
The Nifty Put-Call ratio stood at 1.45 compared with the previous
session’s close of 1.48.
India VIX improved 2.87% to 13.7775 from 13.3925 in the previous
trading session.
Open interest on Nifty Futures stood at 26.04 million as against the
previous session’s close at 25.95 million.
Bond yields continued to rise as rupee hit a record low of 71.58 against
the greenback with the ongoing pressure on emerging market
currencies. In addition, crude oil prices stayed at elevated levels, making
the yield surpass the 8%-mark. These factors have been weighing on the
market sentiments as it raises concerns over rising inflation, widening
trade deficit and monetary tightening in the domestic economy.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 6 bps to
close at 8.06% from the previous closing of 8.00% after trading in a
range of 7.99% to 8.07%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,471 crore (gross) on Sep 4 compared with a
borrowing of Rs. 3,921 crore (gross) on Sep 3. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
41,159 crore on Sep 3.
The Indian rupee continued to plunge to a record low, staying north of
the 71-mark as there was consistent surge in crude oil prices. However,
the intervention of the central bank limited further downside. The rupee
declined 0.52% to close at 71.58 per dollar from the previous close of
71.21.
The euro fell against the greenback after the later gained from the
rising U.S.- China trade friction. Euro was last seen trading at 1.1557,
down 0.57% from the previous close of 1.1623.
Gold prices slipped as the greenback appreciated with the aggravating
U.S.-China trade dispute and economic crises in emerging markets.
Brent crude prices surged amid supply concerns after an American
petroleum major had to cease production in the Gulf of Mexico.
According to a report from Eurostat, Eurozone’s producer prices grew
4% YoY in Jul 2018 as against a gain of 3.6% in Jun 2018. Excluding
energy, producer price inflation slightly went up to 1.7% in Jul as against
a growth of 1.6% in Jun. Energy prices grew 10.7% in Jul as against a gain
of 9.5% in Jun 2018. Intermediate goods prices surged 3.2% in Jul and
capital goods prices grew 1.1%.
According to survey data from IHS Markit, U.K.'s construction
Purchasing Managers' Index (PMI) sharply fell to 52.9 in Aug 2018 from
55.8 in Jul 2018. The Aug reading notified expansion at the weakest pace
since last three months.
A report from British Retail Consortium and KPMG showed that U.K.
like-for-like sales inched up by 0.2% YoY in Aug 2018. Meanwhile, the
total sales grew 1.3% annually.
Markets for You
Thank you for
your time.