06 Sep 2018
Markets for You
Global Indices
Global Indices 05-Sep Prev_Day Abs. Change
% Change
#
Dow Jones 25,975 25,952 23 0.09
Nasdaq 7,995 8,091 -96 -1.19
FTSE 7,383 7,458 -75 -1.00
Nikkei 22,581 22,697 -116 -0.51
Hang Seng 27,244 27,973 -729 -2.61
Indian Indices 05-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,018 38,158 -140 -0.37
Nifty 50 11,477 11,520 -43 -0.38
Nifty 100 11,751 11,799 -48 -0.41
Nifty Bank 27,376 27,431 -55 -0.20
SGX Nifty 11,520 11,549 -29 -0.25
S&P BSE Power 2,075 2,073 2 0.10
S&P BSE Small Cap 16,728 16,815 -87 -0.52
S&P BSE HC 15,820 15,716 103 0.66
Date P/E Div. Yield P/E Div. Yield
5-Sep 24.35 1.17 27.90 1.17
Month Ago 23.97 1.18 28.23 1.18
Year Ago 23.69 1.23 25.97 0.94
Nifty 50 Top 3 Gainers
Company 05-Sep Prev_Day
% Change
#
Yes Bank 344 334 2.92
Aurobindo Pharma 697 677 2.90
Vedanta Limited 229 225 2.07
Nifty 50 Top 3 Losers Domestic News
Company 05-Sep Prev_Day
% Change
#
Bharti Infratel 271 284 -4.47
HUL 1612 1651 -2.39
Zee Ente. 482 493 -2.17
Advance Decline Ratio
BSE NSE
Advances 981 601
Declines 1784 1228
Unchanged 166 75
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -1851
MF Flows** 76978
*5
th
Sep 2018; **3
rd
Sep 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)
06 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
285
1619
4.58%
(Apr-18)
Indian equity markets fell, weighed down by sliding rupee. Investor
sentiments dented further as final reading of a private survey showed that
the domestic service sector expanded at a slower pace on MoM basis in
Aug as weaker demand and rising input costs restricted hiring. Global cues
too played a spoilsport as heightened worries over international trade
conflicts curbed investors' appetite for riskier assets.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.37% and
0.38% to close at 38,018.31 and 11,476.95, respectively. S&P BSE Small
Cap and S&P BSE Mid Cap slipped 0.52% and 0.61% respectively.
On the BSE sectoral front, majority of the indices closed in the red. S&P
BSE Telecom was the major loser, down 2.24%, followed by S&P BSE
Consumer Durables and S&P BSE FMCG, which fell 1.85% and 1.10%,
respectively. S&P BSE Capital Goods and S&P BSE Energy slipped 1.02%
and 0.98%, respectively. Meanwhile, S&P BSE Metal was the top gainer,
up 1.13%, followed by S&P BSE Healthcare and S&P BSE Basic Materials,
which inched up 0.66% and 0.29%, respectively.
The Nikkei India Services Purchasing Managers' Index (PMI) fell to 51.5
in Aug 2018 from 54.2 in Jul 2018. The downside reflects weakest growth
in new work in three months. Seasonally adjusted Nikkei India Composite
PMI Output Index fell to 51.9 in Aug as against 54.1 in Jul due to weaker
growth in both the manufacturing and service sectors.
A new return form has been notified by the government for goods and
services tax (GST) that will have to filed for the full year. GSTR-9 return is
for the normal taxpayers and GSTR-9A is for composition taxpayers. The
tax payers have to file the annual return form for 2017-18 by Dec 31,
2018. Besides the monthly and quarterly returns, the tax payers had to file
an annual return from the very beginning, however, the annual format
was not notified following compliance and IT issues.
An expert panel set up by the government has suggested simplification
of imposition of penalties for minor violations of Companies Act. Minor
violations include violations related to technical defaults and corporate
governance. Meanwhile, the panel has decided to treat contraventions,
such as non-disclosure of by a director regarding an interest in a contract
or an agreement, as a serious offence. The current mechanism of penalty
and prosecution by courts will continue for these types of offence.
Tata Capital Financial Services has announced to raise up to Rs. 75 billion
through sale of non-convertible debentures which also includes tier-II
capital bonds of up to Rs. 15 billion. The issue has been announced to
commence on Sep 10.
A major credit rating company has withdrawn the ‘D rating of Reliance
Infrastructure after the company repaid its Non-Convertible Debentures
(NCDs) of Rs. 710 crore. The company repaid the NCDs from the funds
received through sale of Integrated Mumbai Distribution Business to
Adani Transmission.
Monnet Ispat and Energy Ltd (MIEL) announced its acquisition by JSW
Steel and its promoters after MIEL completed its insolvency resolution
proceedings.
Markets for You
Asian markets traded lower on worries over U.S. tariff imposition on
Chinese goods which might further impact the other emerging markets.
However, downside was limited on improved economic data across the
region as China's services sector continued to expand in Aug, albeit at a
slower rate while, the services sector in Japan continued to expand in the
same month, and at a faster rate. Today (as of Sep 06), Asian markets
opened lower following losses in U.S. Wall Street amid sell-off in tech
stocks. Both Nikkei and Hang Seng were trading down 0.26% and 0.11%,
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 mostly lower as ongoing trade
tensions between the U.S. and its key partners. A sharp drop in global
crude oil prices also weighed on investor’s sentiments. Decline in major
tech companies also weighed on market.
FII Derivative Trade Statistics 05-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 3338.02 3673.71 20162.95
Index Options 124841.88 125228.88 64761.03
Stock Futures 15218.57 15801.59 84562.67
Stock Options 10825.45 10865.79 7135.24
Total 154223.92 155569.97 176621.89
05-Sep Prev_Day
Change
Put Call Ratio (OI) 1.37 1.45 -0.08
Indian Debt Market
Put Call Ratio(Vol) 0.96 1.04 -0.08
05-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 6.31% 6.32% 6.37% 5.83%
CBLO 6.21% 6.33% 5.21% 5.81%
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.78% 6.81% 6.76% 6.08%
364 Day T-Bill 7.35% 7.32% 7.25% 6.21%
10 Year Gilt 8.05% 7.92% 7.76% 6.50%
G-Sec Vol. (Rs.Cr) 42961 25021 28593 44697
Currency Market Update
FBIL MIBOR 6.40% 6.46% 6.46% 5.95%
3 Month CP Rate 7.65% 7.70% 7.60% 6.60%
5 Year Corp Bond 8.84% 8.75% 8.64% 7.33%
1 Month CD Rate 6.36% 6.70% 6.69% 6.08%
3 Month CD Rate 7.18% 7.26% 7.03% 6.15%
1 Year CD Rate 8.07% 8.04% 7.96% 6.50%
Commodity Market Update
Currency 05-Sep Prev_Day
Change
USD/INR 71.75 71.19 0.57
GBP/INR 92.23 91.46 0.77
EURO/INR 83.13 82.49 0.64
International News
JPY/INR 0.64 0.64 0.00
Commodity 05-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 68.64 69.63 68.44 48.58
Brent Crude($/bl) 76.75 75.70 73.12 54.17
Gold( $/oz) 1196 1206 1213 1338
Gold(Rs./10 gm) 30274 30048 29428 30151
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
06 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 11,518.25, a premium of 41.30
points, above the spot closing of 11,476.95. The turnover on NSE’s
Futures and Options segment improved to Rs. 13,57,421.34 on Sep 5
compared with Rs. 10,17,418.71 on Sep 4.
The Put-Call ratio stood at 0.77, compared with the previous session’s
close of 0.87.
The Nifty Put-Call ratio stood at 1.37 compared with the previous
session’s close of 1.45.
Open interest on Nifty Futures stood at 27.42 million as against the
previous session’s close at 26.04 million.
After rising in the last seven consecutive sessions, bond yields fell
marginally on value buying and as global crude oil prices eased.
Yield on the 10-year benchmark paper (7.17% GS 2028) eased 1 bps to
close at 8.05% from the previous closing of 8.06% after trading in a
range of 8.03% to 8.11%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,591 crore (gross) on Sep 5 compared with a
borrowing of Rs. 3,471 crore (gross) on Sep 4. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
31,492 crore on Sep 4.
Banks did not borrowed under the central bank’s Marginal Standing
Facility on Sep 4 compared with borrowings of Rs. 1,100 crore on Sep 03.
The Indian rupee plunged as continued sell-off across emerging market
peers coupled with losses in domestic equity markets fuelled concerns
of foreign fund outflows. However, sale of dollars by state-run banks
restricted further losses. The rupee fell 0.24% to close at Rs. 71.75 per
dollar from the previous close of Rs. 71.58 per dollar.
The euro stood almost steady against the greenback amid concerns
that U.S. President might soon ramp up a trade war with Beijing by
imposing tariffs on more Chinese imports. Euro inched up 0.03% and
was trading at $1.1585, up from the previous close of 1.1581.
Gold prices slipped as the greenback appreciated with the aggravating
U.S.-China trade dispute.
Brent crude prices surged amid supply concerns after an American
petroleum major had to cease production in the Gulf of Mexico and
evacuate oil platforms over hurricane worries.
A report from the Commerce Department showed that construction
spending in U.S. edged up 0.1% to an annual rate of $1.315 trillion in Jul
2018 as against a decline of 0.8% to a revised rate of $1.314 trillion in
June. The slight gain reflects 0.7% gain on spending on public
construction. Spending on educational construction surged 2.1% and
spending on highway construction grew 0.4%. Meanwhile, spending on
private construction inched down 0.1%.
A report from the Institute for Supply Management showed that U.S.
purchasing managers index surprisingly grew to 61.3 in Aug 2018 from
58.1 in Jul 2018.
Markets for You
Thank you for
your time.