07 Sep 2018
Markets for You
Global Indices
Global Indices 06-Sep Prev_Day Abs. Change
% Change
#
Dow Jones 25,996 25,975 21 0.08
Nasdaq 7,923 7,995 -72 -0.91
FTSE 7,319 7,383 -64 -0.87
Nikkei 22,488 22,581 -93 -0.41
Hang Seng 26,975 27,244 -269 -0.99
Indian Indices 06-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,243 38,018 225 0.59
Nifty 50 11,537 11,477 60 0.52
Nifty 100 11,815 11,751 64 0.55
Nifty Bank 27,469 27,376 93 0.34
SGX Nifty 11,562 11,520 42 0.36
S&P BSE Power 2,100 2,075 25 1.21
S&P BSE Small Cap 16,804 16,728 76 0.46
S&P BSE HC 16,167 15,820 348 2.20
Date P/E Div. Yield P/E Div. Yield
6-Sep 24.55 1.16 28.05 1.16
Month Ago 24.12 1.17 28.26 1.18
Year Ago 23.60 1.24 25.88 0.94
Nifty 50 Top 3 Gainers
Company 06-Sep Prev_Day
% Change
#
Aurobindo Pharma 759 697 8.95
RIL 1261 1227 2.80
Bosch 21267 20699 2.74
Nifty 50 Top 3 Losers Domestic News
Company 06-Sep Prev_Day
% Change
#
Zee Ente. 470 482 -2.50
Hindalco 235 240 -1.90
Maruti 8760 8896 -1.53
Advance Decline Ratio
BSE NSE
Advances 1619 1088
Declines 1102 710
Unchanged 169 86
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -2166
MF Flows** 77129
*6
th
Sep 2018; **4
th
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)
07 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
-315
4.58%
(Apr-18)
Indian equity markets gained after going down on the last six days.
Markets went up as investors resorted to bargain hunting in pharma, bank
and realty stocks. Gains were restricted by rupee falling yet again to a new
low and trade row tensions between U.S. and China.
Key benchmark index S&P BSE Sensex gained 0.59% to close at
38,242.81 and Nifty 50 grew 0.52% to close at 11,536.90. S&P BSE Mid-
Cap and S&P BSE Small Cap gained 0.31% and 0.46%, respectively.
The overall market breadth on BSE was weak with 1619 scrips advancing
and 1102 scrips declining. A total of 169 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Healthcare and S&P BSE Energy were
the major gainers, up 2.2% and 2.12%, respectively. S&P BSE Power and
S&P BSE Oil and Gas grew 1.21% and 1.15%, respectively. S&P BSE Utilities
and S&P BSE Industrials grew 1.01% and 0.65%. The major losers were
S&P BSE Telecom and S&P BSE Consumer Discretionary Goods & Services,
down 0.3% and 0.16%, respectively.
The government has simplified the process of claiming GST refunds. The
claimants will now have to submit printout of ‘GSTR-2A’ form to tax
authorities instead of giving invoices of all purchases in a month. GSTR-2A
form is the purchase return auto-generated by the system which will
serve as an evidence through which claimant can avail input tax credit
(ITC).
Finance minister was non-committal on reducing excise duty to balance
increasing petrol and diesel prices. Fuel prices have touched all-time
highs. The fuel price rally has been driven by rupee dropping to all-time
low, which has made imports costlier.
Niti Aayog vice chairman has urged states to make alternate fuel policy
and share suggestions on modern mobility transition. The chairman called
for a making a task force in every state. This being done to have a unified
and convergent view on electric mobility between states and the centre.
Niti Aayog will put forward a paper to the government at the Global
Mobility Summit, covering all aspects of electric vehicles and other fuel
options. Around 12 states could also present their papers.
According to media reports, L&T Technology Services Limited has
entered into an agreement to acquire 100% stake in Bangalore-based
Graphene Semiconductor Services Private Limited in an all cash deal
which bis worth Rs. 930 million. The transaction is expected to be
completed by Oct, 2018.
According to media reports, the Mistubishi Corporation of Japan has
made foray into the Indian retail sector with an investment of about Rs.
1.8 billion in an ongoing residential project of Shriram Properties in
Chennai which is spread over in 63 acres. The two companies have
entered into a partnership to promote the residential project.
According to media reports, Aurobindo Pharmaceuticals has aquired
Sandoz's generic business in the U.S. for $900 million. This is being
considered as the largest ever overseas pharma transaction.
Markets for You
Asian equity markets mostly declined as investor sentiment was clouded
by fears of U.S. imposing fresh tariffs on $200 billion Chinese goods. The
public comment period on the issue comes to an end on Sep 6. Today (as
of Sep 07), Asian markets opened mixed. Ongoing trade concerns weighed
on market sentiments, while increase in crude oil prices boosted some of
the indices. Nikkei was trading down 0.93% and Hang Seng was trading up
0.60% (as at 8.a.m. IST).
As per the last close, European markets closed lower amid ongoing
concerns over potential new U.S. tariffs on China and a sell-off in
emerging markets. However, reports that the U.S. and Canada have made
some progress in talks to revise the NAFTA boosted some investors.
As per the last close, U.S. markets closed mostly lower following sharp
decline in tech stocks. Less than expected rise in private sector
employment in Aug 2018 and sharp fall in crude oil prices also weighed on
investor’s sentiments.
FII Derivative Trade Statistics 06-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 3746.60 6074.96 23116.23
Index Options 171793.21 167393.50 72303.37
Stock Futures 15427.55 15742.06 85032.63
Stock Options 9709.37 9741.55 7341.81
Total 200676.73 198952.07 187794.04
06-Sep Prev_Day
Change
Put Call Ratio (OI) 1.40 1.37 0.03
Indian Debt Market
Put Call Ratio(Vol) 0.94 0.96 -0.02
06-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 6.31% 6.34% 6.29% 5.83%
CBLO 6.21% 6.28% 6.24% 5.82%
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.84% 6.80% 6.76% 6.08%
364 Day T-Bill 7.42% 7.31% 7.23% 6.22%
10 Year Gilt 8.06% 7.93% 7.77% 6.51%
G-Sec Vol. (Rs.Cr) 37281 32339 18937 55818
Currency Market Update
FBIL MIBOR 6.41% 6.45% 6.45% 5.97%
3 Month CP Rate 7.65% 7.70% 7.55% 6.64%
5 Year Corp Bond 8.83% 8.75% 8.64% 7.33%
1 Month CD Rate 6.95% 6.98% 6.60% 6.10%
3 Month CD Rate 7.17% 7.25% 6.98% 6.14%
1 Year CD Rate 8.20% 8.03% 7.95% 6.50%
Commodity Market Update
Currency 06-Sep Prev_Day
Change
USD/INR 71.92 71.75 0.17
GBP/INR 92.80 92.23 0.58
EURO/INR 83.60 83.13 0.47
International News
JPY/INR 0.65 0.64 0.00
Commodity 06-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 67.76 70.20 68.96 49.08
Brent Crude($/bl) 75.74 77.09 72.15 55.02
Gold( $/oz) 1200 1200 1206 1334
Gold(Rs./10 gm) 30535 30099 29491 30205
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
07 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 11,567.15, a premium of 30.25
points, above the spot closing of 11,536.90. The turnover on NSE’s
Futures and Options segment improved to Rs. 21,87,006.63 on Sep 6
compared with Rs. 13,57,421.34 on Sep 5.
The Put-Call ratio stood at 0.81, compared with the previous session’s
close of 0. 77.
The Nifty Put-Call ratio stood at 1.40 compared with the previous
session’s close of 1.37.
Open interest on Nifty Futures stood at 28.46 million as against the
previous session’s close at 27.42 million.
Bond yields settled slightly higher after rupee continued to be on a
losing streak touching yet another record low and crude oil prices
continued to remain at elevated levels. Rising concerns over foreign
fund outflow, inflationary pressure and a possible monetary tightening
policy by the Monetary Policy Committee kept market sentiments low.
Yield on the 10-year benchmark paper (7.17% GS 2028) increased 1
bps to close at 8.06% from the previous closing of 8.05% after trading in
a range of 8.03% to 8.09%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,846 crore (gross) on Sep 6 compared with a
borrowing of Rs. 3,591 crore (gross) on Sep 5. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
27,296 crore on Sep 5.
The Indian rupee plunged against the greenback as the latter was in
high demand from various foreign and state-run banks. This aggravated
worries over foreign fund outflows. The intensified U.S.-China trade
tariff war is also weighing on the local currency. The rupee fell 0.33% to
close at 71.99 per dollar from the previous close of 71.75.
The euro saw an improvement against the greenback as the UK and
Germany moved ahead on a Brexit deal. Euro was last seen at $1.1647,
up from the previous close of $1.1629.
Gold prices edged up and surpassed the $1,200-mark as the ngoing
U.S.-China trade tension added to the safe-haven appeal of the precious
metal.
Brent crude inched higher with the impending U.S. sanction on Iran,
which will come into effect from November.
Data from the U.S. Labour Department showed that the U.S. labour
productivity increased 2.9% in the second quarter of 2018 and was
unrevised from the preliminary estimate. However, labour productivity
increased significantly from an increase of 0.3% in the previous quarter.
Data from the U.S. Labour Department showed that initial jobless
claims for the week ended Sep 1 fell 10,000 to 203,000 from the
previous week's unrevised level of 213,000. Initial jobless claims thus fell
to their lowest level since hitting 202,000 in December of 1969.
A report released by payroll processor ADP showed that private sector
employment in U.S. increased 163,000 jobs in Aug 2018 after jumping by
a revised 217,000 jobs (219,000 jobs originally reported) in Jul 2018.
Markets for You
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