19 Sep 2018
Markets for You
Global Indices
Global Indices 18-Sep Prev_Day Abs. Change
% Change
#
Dow Jones 26,247 26,062 185 0.71
Nasdaq 7,956 7,896 60 0.76
FTSE 7,300 7,302 -2 -0.03
Nikkei 23,421 Closed NA NA
Hang Seng 27,085 26,933 152 0.56
Indian Indices 18-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,291 37,586 -295 -0.78
Nifty 50 11,279 11,378 -99 -0.87
Nifty 100 11,546 11,657 -110 -0.95
Nifty Bank 26,441 26,820 -379 -1.41
SGX Nifty 11,294 11,401 -107 -0.94
S&P BSE Power 2,069 2,111 -42 -2.00
S&P BSE Small Cap 16,412 16,663 -251 -1.51
S&P BSE HC 15,946 16,062 -116 -0.72
Date P/E Div. Yield P/E Div. Yield
18-Sep 23.81 1.20 27.42 1.19
Month Ago 24.69 1.16 28.11 1.17
Year Ago 24.25 1.20 26.42 0.94
Nifty 50 Top 3 Gainers
Company 18-Sep Prev_Day
% Change
#
HUL 1665 1605 3.71
Yes Bank 324 319 1.55
ONGC 174 172 1.28
Nifty 50 Top 3 Losers Domestic News
Company 18-Sep Prev_Day
% Change
#
SBI 274 285 -4.03
Indiabulls HFC 1158 1201 -3.55
HPCL 249 258 -3.46
Advance Decline Ratio
BSE NSE
Advances 869 498
Declines 1826 1326
Unchanged 153 83
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -5548
MF Flows** 80794
*18
th
Sep 2018; **14
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)
19 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
135
96
4.87%
(May-18)
Indian equity markets closed lower with selling pressure triggered by
comments by Saudi Arabia regarding the nation being comfortable in the
event of the brent crude oil prices rises above $80 per barrel level. The
increase in global crude oil prices is likely to put pressure on India's
import bill and weighs on the domestic currency. Additionally, the
announcement of fresh tariff by U.S. on $200 billion worth Chinese
imports continued to dent market sentiments.
Markets were also dragged by selling pressure in banking stocks after
government proposed amalgamation of two PSU banks with a much
larger PSU Bank in an all-stock deal.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.78% and
0.87% to close at 37290.67 and 11278.90, respectively. S&P BSE Mid Cap
and S&P BSE Small Cap fell 1.49% and 1.51%, respectively.
The overall market breadth on BSE was weak with 1826 scrips declining
and 869 scrips advancing. A total of 153 scrips remained unchanged.
Securities and Exchange Board of India (SEBI) has approved new ‘know
your customer’ (KYC) norms for foreign portfolio investors (FPI) and
would soon issue a revised circular on KYC norms for FPIs. Also, the
market regulator has shortened the time taken for a security to list on an
exchange to three days (T+3) from the date of closure of its initial public
offer (IPO). It has also permitted participation of foreign investors’ in
India’s commodities market except for sensitive ones. SEBI also stated
that the mutual fund expenses will be brought down taking into
consideration economies of scale.
According to the media reports, the Securities and Exchange Board of
India (SEBI) has delayed the deadline for the extension of trading hours
which was earlier decided to be Oct 1, 2018. As per the reports, the
discussions are underway, and the stock exchanges have not yet reached
at a consensus with brokers. The proposal is that trade hours could be
stretched in order to align domestic market better with the global
markets.
According to the data from the Reserve Bank of India (RBI), financial
liabilities to Indian households almost doubled in FY18 rising 80% to Rs.
6.74 lakh crore as against Rs. 3.75 lakh crore in FY17. Advances by banks
to households rose 71.5% to Rs. 4.3 lakh crore that reversed consecutive
four-year declines in households’ bank borrowings.
The merger of Bank of Baroda, Vijaya Bank and Dena Bank has been
proposed by the government. The proposal aims at creation of the
country’s third-biggest lender. The boards of all the three banks will take
the proposal into consideration.
Cognizant announced that it has bought Advanced Technology Group
for an undisclosed amount. The company stated that the acquisition
would help expand its consulting capabilties on the Salesforce platform.
The South African Health Products Regulatory Authority has given
approval to Aurobindo Pharma to market its Dolutegravir, Lamivudine
and Tenofovir Disoproxil Fumarate (DLT) tablets. These tablets are first-
line regimen for HIV patients.
Asian markets mostly traded up on improved crude oil prices and
weaker yen. Investors also remained optimist that China may introduce
some stimulus measures to support the economic growth. However, U.S.
plan to impose more tariffs on Chinese goods kept investors cautious.
Today (as of Sep 19), Asian markets opened higher following gains in
Wall Street in the last session. Investors mostly shrugged off escalating
U.S. and China trade tensions. Nikkei and Hangseng grew 1.43% and
0.45%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed with slight gains.
Investors remained cautious amid trade war concerns between the U.S.
and China. U.S. President has initially set tariffs at 10% as against
previously earmarked tariff of 25%. However, the tariffs are set to rise to
25% on Jan 1, 2019.
As per the last close, U.S markets closed almost higher as investors
likely felt relief that the latest tariffs on U.S. and Chinese goods are not
as bad as previously feared. Gains in technology and steel stocks boosted
the indices.
Markets for You
FII Derivative Trade Statistics 18-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 2659.49 3276.10 24871.02
Index Options 95767.75 97087.53 83898.56
Stock Futures 11152.67 11881.53 89916.68
Stock Options 10304.35 10204.50 9745.45
Total 119884.26 122449.66 208431.71
18-Sep Prev_Day
Change
Put Call Ratio (OI) 1.20 1.28 -0.09
Indian Debt Market
Put Call Ratio(Vol) 0.91 0.87 0.04
18-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 6.54% 6.49% 6.44% 5.94%
CBLO 6.50% 6.53% 5.84% 6.01%
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 7.00% 6.88% 6.78% 6.09%
364 Day T-Bill 7.62% 7.47% 7.28% 6.23%
10 Year Gilt 8.14% 8.18% 7.86% 6.61%
G-Sec Vol. (Rs.Cr) 52133 29824 24619 42871
Currency Market Update
FBIL MIBOR 6.67% 6.70% 6.46% 6.00%
3 Month CP Rate 7.95% 7.90% 7.70% 6.66%
5 Year Corp Bond 8.98% 8.96% 8.72% 7.36%
1 Month CD Rate 7.48% 7.17% 6.53% 6.09%
3 Month CD Rate 7.49% 7.28% 7.19% 6.14%
1 Year CD Rate 8.39% 8.36% 7.92% 6.51%
Commodity Market Update
Currency 18-Sep Prev_Day
Change
USD/INR 72.38 72.55 -0.17
GBP/INR 95.29 94.94 0.35
EURO/INR 84.77 84.40 0.37
International News
JPY/INR 0.65 0.65 0.00
Commodity 18-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 69.82 69.24 65.88 49.83
Brent Crude($/bl) 79.19 78.16 69.33 56.24
Gold( $/oz) 1198 1198 1184 1307
Gold(Rs./10 gm) 30737 30605 29361 29723
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
19 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 11310.2, a premium of 31.30 points,
above the spot closing of 11,278.90. The turnover on NSE’s Futures and
Options segment improved to Rs. 12,40,622.18 on Sep 18 compared
with Rs. 7,94,587.42 on Sep 17.
The Put-Call ratio stood at 0.80, compared with the previous session’s
close of 0.81.
The Nifty Put-Call ratio stood at 1.20 compared with the previous
session’s close of 1.28.
Open interest on Nifty Futures stood at 27.96 million as against the
previous session’s close at 27.86 million.
After falling in the last three consecutive sessions, bond yields rose
following plunge in Indian rupee to a record low against the U.S. dollar
that increased worries of foreign fund outflows.
Yield on the 10-year benchmark paper (7.17% GS 2028) increased 4
bps to 8.14% compared with the previous closing of 8.10% after trading
in a wide range of 8.04% to 8.14%.
Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 8,660 crore (gross) on Sep 18 compared with a
borrowing of Rs. 20,256 crore (gross) on Sep 17. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 9,930
crore on Sep 17.
Banks borrowed Rs. 2,600 crore under the central bank’s Marginal
Standing Facility on Sep 17 compared with borrowing of Rs. 300 crore on
Sep 14.
The Indian rupee plunged against the U.S. dollar as rising crude oil
prices and escalating trade conflicts between the U.S. and China
dampened demand for the domestic currency. The rupee declined
0.64% to close at 72.98 per dollar from the previous close of 72.51.
The euro rose against the U.S. dollar as escalating trade tension
between the U.S. and China pushed greenback lower against the euro.
Euro was last seen trading at $1.1708 compared with the previous close
of $1.1683.
Gold prices inched down on concerns over rate hike decision of
Federal Reserves in its upcoming policy meet.
Brent crude prices moved up after Saudi Arabia- one of the major oil
producing companies stated that the country is comfortable with rising
oil prices.
According to data from the statistical office ISTAT, Italy's industrial
orders fell again by 2.3% in Jul 2018 and at the fastest pace in six months
as against 1.5% fall in Jun 2018 whereas it grew 3.3% in May 2018.
According to the preliminary data from the Census and Statistics
Department, Hong Kong's unemployment rate held steady for fourth
straight month at 2.8% in the Jun 2018 to Aug 2018 period. The report
also stated that the employment grew by around 9,700 persons to 3.88
million.
According to the data from the Enterprise Singapore, the country’s
non-oil domestic exports grew 5% YoY in Aug 2018 as against 11% rise in
Jul 2018. Exports of electronic products fell 1.5% in Aug as compared
with 5.8% fall in the previous month.
Markets for You
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