21 Sep 2018
Markets for You
Global Indices
Global Indices 20-Sep Prev_Day Abs. Change
% Change
#
Dow Jones 26,657 26,406 251 0.95
Nasdaq 8,028 7,950 78 0.98
FTSE 7,367 7,331 36 0.49
Nikkei 23,675 23,673 2 0.01
Hang Seng 27,478 27,407 70 0.26
Indian Indices 19-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,121 37,291 -169 -0.45
Nifty 50 11,234 11,279 -45 -0.39
Nifty 100 11,500 11,546 -46 -0.40
Nifty Bank 26,277 26,441 -164 -0.62
SGX Nifty 11,278 11,294 -17 -0.15
S&P BSE Power 2,058 2,069 -11 -0.52
S&P BSE Small Cap 16,251 16,412 -161 -0.98
S&P BSE HC 15,852 15,946 -93 -0.59
Date P/E Div. Yield P/E Div. Yield
19-Sep 23.85 1.20 27.31 1.19
Month Ago 24.69 1.16 28.11 1.17
Year Ago 24.15 1.20 26.40 0.94
Nifty 50 Top 3 Gainers
Company 19-Sep Prev_Day
% Change
#
BPCL 365 355 2.80
Coal India 281 273 2.73
GAIL 385 375 2.60
Nifty 50 Top 3 Losers Domestic News
Company 19-Sep Prev_Day
% Change
#
Bajaj Finserv 6312 6528 -3.30
IndusInd Bank 1805 1862 -3.09
Zee Ente. 451 465 -2.96
Advance Decline Ratio
BSE NSE
Advances 917 589
Declines 1758 1223
Unchanged 170 81
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -6652
MF Flows** 80909
*19
th
Sep 2018; **17
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)
21 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
114
-1104
4.87%
(May-18)
The domestic equity market ended in the red as the recent weakness in
the rupee continued to worry investors. The indices saw the lowest
closing in around two months. Rupee has been hit by the strength in the
U.S. dollar and rising global crude oil prices, which reached two-month
high on Sep 19 on supply concerns since U.S. sanctions on Iran are slated
to take effect. However, the rupee managed to recover to some extent
against the greenback on hopes that the government will intervene and
soon announce measures for preventing further currency downside.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.45% and
0.39% to close at 37,121.22 and 11,234.35, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap declined 0.72% and 0.98%, respectively.
On the BSE sectoral front, S&P BSE Metal stood as the major gainer, up
1.25% followed by S&P BSE Oil & Gas that grew 0.98%. S&P BSE Basic
Materials and S&P BSE Information Technology grew 0.2% and 0.15%.
The other two sectors to grow were S&P BSE Energy and S&P BSE Teck,
up 0.14% and 0.07%, respectively.
In order to promote ease of doing business, the government has made
procedures simple under the Merchandise Exports from India Scheme
(MEIS). Under the scheme, traders can get export incentives. MEIS gives
duty benefits based on the product and country. The process of system
driven approval of the MEIS claim applications in respect of exports
made through electronic data interface shipping bills will start from Sep
20, 2018.
The government may announce import curbs on many non-essential
items, according to media reports. Finance minister had said last week
the government will ease regulations for raising overseas borrowing and
put limitations on non-essential imports as part of efforts to check rising
current account deficit and a falling rupee.
The National Bank for Agriculture and Rural Development (NABARD)
has given approval to Rs. 65,634.93 crore loan for 93 prioritised irrigation
projects. These projects come under the Pradhan Mantri Krishi Sinchai
Yojana (PMKSY). NABARD is funding the share that belongs to the centre
and states in 99 prioritised irrigation projects through long term
irrigation fund. The projects are expected to be complete by 2019.
According to media reports, Mitsubishi has entered into a partnership
with Google to embed the Android operating system in its vehicles.
According to media reports, Moody's Investors Service has maintained
the outlook on the ratings of YES Bank as stable. The global credit rating
agency expects that the bank can maintain low credit costs over the next
12-18 months.
According to media reports, Aditya Birla Group has decided to sell
Aditya Birla Retail to home-grown private equity fund Samara Capital and
global e-commerce giant Amazon.
According to media reports, Computer Age Management Services
(CAMS), which is a SEBI mutual funds transfer agency has added 2 million
registered users. It needs to be noted that CAMS had added 10 lakh new
registered investors within a short span of one year.
Asian equity markets were subdued as the trade war between China
and U.S., which was till now limited to the two countries’ officials, has
now engulfed leading businessmen. A global e-commerce giant belonging
to China and listed in the U.S. as well said it has cancelled plans to create
one million jobs in the U.S. This overshadowed positive Wall Street cues
overnight. Today (as of Sep 21), Asian markets opened higher following
record highs on Wall Street in the last session. Nikkei and Hangseng grew
0.56% and 0.59%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed higher following gains in
banking and mining stocks. Better than expected U.K. retail sales report in
Aug 2018 boosted market sentiment. Further, it seems that investors
shrugged off concerns over the trade war between the U.S. and China.
As per the last close, U.S markets closed higher as investors likely
shrugged off escalating U.S. and China trade tensions. Reports that initial
jobless claims fell to lowest level in nearly fifty years for the week ended
Sep 15 and continued increase in leading economic index in Aug boosted
market sentiment.
Markets for You
FII Derivative Trade Statistics 19-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 4130.75 3165.76 26088.27
Index Options 162967.98 161430.14 85940.78
Stock Futures 13963.09 15124.92 89686.08
Stock Options 11817.36 11863.13 9998.05
Total 192879.18 191583.95 211713.18
19-Sep Prev_Day
Change
Put Call Ratio (OI) 1.14 1.20 -0.06
Indian Debt Market
Put Call Ratio(Vol) 0.87 0.91 -0.04
19-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 6.60% 6.45% 6.44% 5.96%
CBLO 6.46% 6.32% 5.84% 6.00%
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 7.06% 7.09% 6.78% 6.08%
364 Day T-Bill 7.63% 7.66% 7.28% 6.23%
10 Year Gilt 8.07% 8.13% 7.86% 6.59%
G-Sec Vol. (Rs.Cr) 43175 41095 24619 35501
Currency Market Update
FBIL MIBOR 6.65% 6.59% 6.46% 6.05%
3 Month CP Rate 8.05% 7.95% 7.70% 6.67%
5 Year Corp Bond 8.86% 8.91% 8.72% 7.40%
1 Month CD Rate 7.51% 7.12% 6.53% 6.08%
3 Month CD Rate 7.51% 7.25% 7.19% 6.15%
1 Year CD Rate 8.39% 8.39% 7.92% 6.49%
Commodity Market Update
Currency 19-Sep Prev_Day
Change
USD/INR 72.68 72.38 0.30
GBP/INR 95.59 95.29 0.30
EURO/INR 84.91 84.77 0.14
International News
JPY/INR 0.65 0.65 0.00
Commodity 20-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 70.72 70.32 66.45 50.24
Brent Crude($/bl) 79.42 79.96 70.30 58.24
Gold( $/oz) 1207 1205 1190 1301
Gold(Rs./10 gm)* 30722 30478 29361 29661
Source: Thomson Reuters Eikon
*As on 19-Sep-18
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
21 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 11,272.80, a premium of 38.45
points, above the spot closing of 11,234.35. The turnover on NSE’s
Futures and Options segment improved to Rs. 20,50,327.67 on Sep 19
compared with Rs. 12,40,622.18 on Sep 18.
The Put-Call ratio stood at 0.79, compared with the previous session’s
close of 0.80.
The Nifty Put-Call ratio stood at 1.14 compared with the previous
session’s close of 1.20.
Open interest on Nifty Futures stood at 27.63 million as against the
previous session’s close at 27.96 million.
Bond yield eased after rupee recovered from the last session’s record
low as the government is expected to intervene and undertake
measures to prevent the local currency from witnessing further losses.
Yield on the 10-year benchmark paper (7.17% GS 2028) declined 7 bps
to 8.07% compared with the previous closing of 8.14% after trading in a
wide range of 8.06% to 8.14%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,995 crore (gross) on Sep 19 compared with a
borrowing of Rs. 8,660 crore (gross) on Sep 18. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 5,626
crore on Sep 18.
Banks borrowed Rs. 150 crore under the central bank’s Marginal
Standing Facility on Sep 18 compared with borrowing of Rs. 2,600 crore
on Sep 17.
The Indian rupee recovered against the greenback with rising hopes
that the government will intervene and soon announce measures for
preventing further currency downside.
The euro rose against the greenback as worries of escalating trade
tensions between U.S. and China eased to some extent on hopes that
the adverse impact of the ongoing trade row will take some time to get
reflected in the corporate earnings results.
Gold prices inched higher with the intensifying trade friction between
U.S. and China.
Brent crude prices stayed close to the 79-mark over supply tightening
tension from the impending U.S. sanction on Iran, which will be formally
applicable from Nov.
The Organization for Economic Cooperation & Development (OECD)
downgraded its global growth projections for both 2018 and 2019.
According to OCED, the global economy will grow 3.7% in 2018 and
2019. OECD earlier in May had projected global growth at 3.8% for 2018
and 3.9% in 2019. On a separate note, OECD projected the U.S. to grow
2.9% in 2018 and 2.7% in 2019. For China, OECD projected the growth
rate at 6.7% for 2018 and 6.4% for 2019.
Data from the U. Commerce Department showed that housing starts
in U.S. grew 9.2% to an annual rate of 1.282 million in Aug 2018 from
the revised estimate of 1.174 million in Jul 2018. However, building
permits fell 5.7% to an annual rate of 1.229 million in Aug 2018 from a
revised 1.303 million in Jul 2018.
Markets for You
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