18 Sep 2018
Markets for You
Global Indices
Global Indices 17-Sep Prev_Day Abs. Change
% Change
#
Dow Jones 26,062 26,155 -93 -0.35
Nasdaq 7,896 8,010 -114 -1.43
FTSE 7,302 7,304 -2 -0.03
Nikkei Closed 23,095 NA NA
Hang Seng 26,933 27,286 -354 -1.30
Indian Indices 17-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,586 38,091 -505 -1.33
Nifty 50 11,378 11,515 -137 -1.19
Nifty 100 11,657 11,792 -135 -1.15
Nifty Bank 26,820 27,164 -344 -1.26
SGX Nifty 11,401 11,551 -150 -1.30
S&P BSE Power 2,111 2,108 3 0.14
S&P BSE Small Cap 16,663 16,671 -8 -0.05
S&P BSE HC 16,062 16,236 -175 -1.08
Date P/E Div. Yield P/E Div. Yield
17-Sep 24.05 1.19 27.66 1.18
Month Ago 24.69 1.16 28.11 1.17
Year Ago 24.13 1.20 26.24 0.94
Nifty 50 Top 3 Gainers
Company 17-Sep Prev_Day
% Change
#
BPCL 364 355 2.68
HPCL 258 253 2.26
Eicher Motors 29664 29384 0.95
Nifty 50 Top 3 Losers Domestic News
Company 17-Sep Prev_Day
% Change
#
Sun Pharma 646 665 -2.86
Bharti Infratel 267 275 -2.82
Bajaj Finance 2605 2672 -2.53
Advance Decline Ratio
BSE NSE
Advances 1265 810
Declines 1465 1020
Unchanged 184 87
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -5644
MF Flows** 80660
*17
th
Sep 2018; **12
th
Sep 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
3.69%
(Aug-18)
3.28%
(Aug-17)
IIP
6.60%
(Jul-18)
1.00%
(Jul-17)
GDP
8.20%
(Jun-18)
5.60%
(Jun-17)
18 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
Sensex
4.50%
(Apr-18)
7.70%
(Mar-18)
Quarter Ago
Inflow/Outflow
1125
680
4.87%
(May-18)
India has introduced an anti-subsidy probe into increased imports of
select copper wire rods from Indonesia, Malaysia, Thailand and Vietnam.
The probe comes following complaints by domestic players. As per a
notification from the Directorate General of Trade Remedies (DGTR),
there is "prima facie evidence" of existence of subsidies on production
and exports of 'continuous cast copper wire rods' in these four countries.
As per DGTR, such subsidised imports are hurting the domestic industry
with their volume and price effects.
Under the government’s flagship scheme Pradhan Mantri Krishi Sinchai
Yojana (PMKSY), the National Bank for Agriculture and Rural
Development (NABARD) has approved Rs. 65,634.93 crore loan so far to
93 prioritised irrigation projects. Under the PMKSY, through long term
irrigation fund (LTIF), NABARD is funding the central and state share of
99 prioritised irrigation projects.
According to the media reports, the government will further extend the
deadline for the imposition of higher customs duties on 29 products,
including almond, walnut and pulses, imported from the U.S. India
decided to impose tariffs from Aug 4, 2018 in Jun 2018, however, it had
extended it till Sep 18, 2018. The hike came in as a retaliation to the
decision of U.S. President taken on Mar 9, 2018 for imposition of heavy
tariffs on imported steel and aluminium items.
According to the media reports, the procedure to avail export
incentives under the Merchandise Exports from India Scheme (MEIS)
scheme has been simplified by the Directorate General of Foreign Trade
(DGFT). The move comes on the wake of promoting ease of doing
business for exporters. Under MEIS, the government provides duty
benefits depending on the product and country. As per the reports, DGFT
has started the process of system driven approval of the MEIS claim
applications from Sep 17 in respect of exports made through electronic
data interface shipping bills.
Markets for You
Asian markets mostly traded low on worries over global trade tension
after the U.S. Canada trade talks ended without any conclusion and the
U.S. President has hinted to impose fresh tariffs on Chinese imports.
Japanese market remained closed on account of public holiday. Today
(as of Sep 18), Asian markets opened on a mixed note as investors
remained cautious amid escalating trade tensions between the U.S. and
China. Nikkei grew 0.86% and Hangseng fell 0.99% (as at 8.a.m. IST).
As per the last close, European markets closed on a mixed note as
investors remained cautious amid ongoing global trade concerns.
Reports that U.S. President intends to proceed with plans to impose
tariffs on $200 billion worth of Chinese goods soon weighed on the
indices. However, gains in retail stocks boosted the indices.
As per the last close, U.S markets closed on a lower note due to
lingering trade concerns. U.S. President stated that an announcement on
trade with China would be made after the close of trading. Weakness in
technology, and semiconductor stocks weighed on the indices.
Indian equity markets were dragged by weak global cues after U.S.
President decided to impose fresh tariffs on $200 billion of Chinese
goods. Investor sentiments were further dented as a global research and
brokerage firm cut its Indian equities rating to ‘market-weight’ from
‘over-weight’, after remaining ‘strategically overweight’ on the same
since 2014. It expects the markets to consolidate ahead of the general
elections and maintains a 12-month Nifty 50 target of 12,000.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 1.33% and
1.19% to close at 37585.51 and 11377.75, respectively. S&P BSE Mid Cap
and S&P BSE Small Cap fell 0.76% and 0.05% respectively.
The overall market breadth on BSE was weak with 1465 scrips declining
and 1265 scrips advancing. A total of 184 scrips remained unchanged.
On the BSE sectoral front, barring S&P BSE Realty, S&P BSE Power and
S&P BSE Utilities, all the indices closed in the red. S&P BSE Finance was
the major loser, down 1.44%, followed by S&P BSE Energy and S&P BSE
Consumer Durables, which fell 1.30% and 1.25%, respectively. S&P BSE
FMCG and S&P BSE Bankex slipped 1.20% and 1.08%, respectively.
FII Derivative Trade Statistics 17-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 3131.71 2673.36 24747.25
Index Options 81520.43 80318.28 84877.78
Stock Futures 12566.61 12345.88 90434.96
Stock Options 9446.59 9361.55 9495.01
Total 106665.34 104699.07 209555.00
17-Sep Prev_Day
Change
Put Call Ratio (OI) 1.28 1.38 -0.09
Indian Debt Market
Put Call Ratio(Vol) 0.87 0.97 -0.10
17-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 6.58% 6.54% 6.44% 5.85%
CBLO 6.54% 6.54% 5.84% 5.99%
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 7.03% 6.87% 6.78% 6.08%
364 Day T-Bill 7.63% 7.45% 7.28% 6.23%
10 Year Gilt 8.10% 8.16% 7.86% 6.60%
G-Sec Vol. (Rs.Cr) 36157 42665 24619 53484
Currency Market Update
FBIL MIBOR 6.60% 6.54% 6.46% 5.93%
3 Month CP Rate 8.00% 7.70% 7.70% 6.68%
5 Year Corp Bond 8.88% 8.92% 8.72% 7.36%
1 Month CD Rate 7.11% 6.97% 6.53% 6.10%
3 Month CD Rate 7.48% 7.30% 7.19% 6.14%
1 Year CD Rate 8.38% 8.25% 7.92% 6.52%
Commodity Market Update
Currency 17-Sep Prev_Day
Change
USD/INR 72.55 71.81 0.74
GBP/INR 94.94 94.16 0.79
EURO/INR 84.40 83.98 0.42
International News
JPY/INR 0.65 0.64 0.01
Commodity 17-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 68.81 67.50 65.88 49.85
Brent Crude($/bl) 78.16 76.76 69.33 57.27
Gold( $/oz) 1201 1195 1184 1319
Gold(Rs./10 gm) 30614 30402 29361 29925
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
18 September 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields eased following the finance ministry’s announcement that
the government is expected to lay down details on import restriction
within this week. This trails the central bank’s declaration of notes
purchase under open market operation, which lifted the market
sentiment.
Yield on the 10-year benchmark paper (7.17% GS 2028) eased 3 bps to
8.10% compared with the previous closing of 8.13% after trading in a
range of 8.09% to 8.19%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 20,256 crore (gross) on Sep 17 compared with
a borrowing of Rs. 3,956 crore (gross) on Sep 14. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
59,320 crore on Sep 14.
A report from the Federal Reserve Bank of New York showed that the
general business conditions index fell to 19.0 in Sep 2018 from 25.6 in
Aug 2018. The decline came due to a sharp drop in the shipments index,
which fell to 14.3 in Sep 2018 from 25.7 in Aug 2018.
The International Monetary Fund (IMF) urged the Prime Minister of
Britain to come to an agreement with the European Union. IMF warned
that the British economy will be adversely affected if Britain exits the
euro zone without any agreement with the European Union. It needs to
be noted that Britain is set to leave the European Union on Mar 29,
2019.
Markets for You
Nifty Sep 2018 Futures settled at 11,407.70, a premium of 29.95 points,
above the spot closing of 11,377.75. The turnover on NSE’s Futures and
Options segment improved to Rs. 7,94,587.42 on Sep 17 compared with
Rs. 6,12,453.58 on Sep 14.
The Put-Call ratio stood at 0.81, compared with the previous session’s
close of 0.82.
The Nifty Put-Call ratio stood at 1.28 compared with the previous
session’s close of 1.38.
India VIX rose 5.36% to 14.5850 from 13.8425 in the previous trading
session.
The Indian rupee slumped against the greenback amid increased dollar
demand from importers and widening trade deficit.
The euro saw reasonable gains after the greenback was unable to
sustain early gains from the worsening U.S.-China trade feud. Market
participants are keeping a close watch on dollar as China is not expected
to play defence in the intensifying tariff fight. .
Gold prices went up with the escalating trade dispute between U.S. and
China.
Brent crude prices continued to surge as market participants stay wary
ahead of the U.S. sanction on Iran, which comes into effect in Nov.
Thank you for
your time.