24 Sep 2018
Markets for You
Global Indices
Global Indices 21-Sep Prev_Day Abs. Change
% Change
#
Dow Jones 26,744 26,657 87 0.32
Nasdaq 7,987 8,028 -41 -0.51
FTSE 7,490 7,367 123 1.67
Nikkei 23,870 23,675 195 0.82
Hang Seng 27,954 27,478 476 1.73
Indian Indices 21-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,842 37,121 -280 -0.75
Nifty 50 11,143 11,234 -91 -0.81
Nifty 100 11,388 11,500 -112 -0.98
Nifty Bank 25,597 26,277 -680 -2.59
SGX Nifty 11,164 11,278 -114 -1.01
S&P BSE Power 2,019 2,058 -39 -1.91
S&P BSE Small Cap 15,763 16,251 -488 -3.00
S&P BSE HC 15,589 15,852 -263 -1.66
Date P/E Div. Yield P/E Div. Yield
21-Sep 23.73 1.20 27.09 1.20
Month Ago 24.85 1.14 28.29 1.16
Year Ago 24.02 1.21 26.34 0.94
Nifty 50 Top 3 Gainers
Company 21-Sep Prev_Day
% Change
#
Bharti Infratel 281 271 3.80
BPCL 377 365 3.14
Indian Oil 158 154 3.00
Nifty 50 Top 3 Losers Domestic News
Company 21-Sep Prev_Day
% Change
#
Yes Bank 227 319 -29.04
Indiabulls HFC 1062 1159 -8.38
Bajaj Finance 2379 2500 -4.81
Advance Decline Ratio
BSE NSE
Advances 542 311
Declines 2162 1600
Unchanged 136 56
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -8838
MF Flows** 81662
*21
st
Sep 2018; **19
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)
24 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
4.50%
(Apr-18)
7.70%
(Mar-18)
Quarter Ago
Inflow/Outflow
696
-2186
4.87%
(May-18)
Indian equity markets fell on the last day of the truncated week lead by
weakness in the financial sector. A leading private bank was the main
reason behind the indices’ loss as it lost almost 29% when the Reserve
Bank of India directed the bank’s chief to resign in Jan 2019. Also, non-
banking financial companies were hit badly because of crisis at an
infrastructure finance conglomerate.
Key benchmark indices S&P BSE Sensex and Nifty 50 declined 0.75% and
0.81% to close at 36,841.60 and 11,143.10, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap lost 1.72% and 3.00%, respectively.
The overall market breadth on BSE was weak with 542 scrips advancing
and 2162 scrips declining. A total of 136 scrips remained unchanged.
On the BSE sectoral front, only two sectors gained S&P BSE Oil & Gas
and S&P BSE Energy, up 1.5% and 0.77%, respectively. The major loser
was S&P BSE Realty, down 3.48%, followed by S&P BSE Bankex that fell
3.13%. S&P BSE Finance and S&P BSE Power lost 2.51% and 1.91%,
respectively.
According to the media reports, the Indian government plans to
announce lower than expected borrowing needs for the second half of
FY19 ending in Mar 2019. The move is expected to remove some
uneasiness in the bond market.
A major credit rating agency has raised India’s growth forecast for FY19
to 7.8% as against previous expectation of 7.4%. The agency stated that
the announcement comes on the wake of better-than-expected increase
in growth forecast in 2Q18 (Apr-Jun 2018). However, it indicated
tightening of financial conditions, rising oil prices and weak bank balance
sheets are headwinds to growth.
The Securities and Exchange Board of India (SEBI) announced that
instead of levying charges based on turnover slab rates, a nominal
regulatory fee of Rs. 1 lakh per exchange will be levied on turnover arising
from agricultural commodity derivatives. The move is expected to benefit
the farmers. Various steps are being taken by the government, SEBI as
well as the exchanges to promote agricultural commodity derivative
segment so that the benefits of agricultural commodity derivative are
passed on to the farmers and Farmers Producer Organisation (FPOs). The
market regulator also stated that exchanges dealing with agricultural
commodities derivatives will create a separate fund which will be kept for
the benefit of farmers or FPOs. This would help pass the desired benefits
from reduction of regulatory fees.
According to media reports, Vedanta Resources has received approval
from shareholders and the board for signing contracts for 41 oil and gas
blocks on October 1.
According to media reports, Yes Bank has paid Rs. 38 crore as fine to the
Goods and Services Tax department as it has violated norms in domestic
remittances
According to media reports, Reliance Industries Ltd. has decided to close
an offshore oil and gas field on the eastern coast of India. The decision
comes as production from the field came down and faced challenges due
to high water production and sand ingress.
Markets for You
Asian equity markets mostly gained on strong overnight Wall Street cues
and as investors seem to come to an understanding that the global trade
war may not be as damaging as thought. Today (as of Sep 24), Japan and
China markets were closed due to some public holiday. Losses in the Wall
Street and light trading day led to decline in Honk Kong market. Hang
Seng were trading down 0.96% (as at 8.a.m. IST).
As per the last close, European markets closed higher following ease in
concerns over global trade. Rise in crude oil prices also boosted energy
stocks.
As per the last close, U.S. markets closed mostly lower as investors were
cautious ahead of monetary policy meeting due on Sep 25 - Sep 26.
However, ease in concern for global trade boosted some indices.
FII Derivative Trade Statistics 21-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 3516.88 3161.76 27204.39
Index Options 182086.76 180553.16 84415.61
Stock Futures 15782.53 15841.67 89811.81
Stock Options 12714.61 12884.99 10266.25
Total 214100.78 212441.58 211698.06
21-Sep Prev_Day
Change
Put Call Ratio (OI) 1.14 1.14 0.01
Indian Debt Market
Put Call Ratio(Vol) 0.99 0.87 0.12
21-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 6.58% 6.43% 6.42% 5.89%
CBLO 6.42% 5.57% 6.47% 5.98%
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 7.08% 7.05% 6.81% 6.10%
364 Day T-Bill 7.58% 7.65% 7.29% 6.24%
10 Year Gilt 8.08% 8.13% 7.83% 6.67%
G-Sec Vol. (Rs.Cr) 39390 32969 26516 54053
Currency Market Update
FBIL MIBOR 6.65% 6.50% 6.50% 6.00%
3 Month CP Rate 8.05% 7.95% 7.75% 6.67%
5 Year Corp Bond 8.93% 8.93% 8.62% 7.45%
1 Month CD Rate 7.54% 6.99% 6.54% 6.10%
3 Month CD Rate 7.40% 7.40% 7.18% 6.16%
1 Year CD Rate 8.34% 8.40% 8.03% 6.52%
Commodity Market Update
Currency 21-Sep Prev_Day
Change
USD/INR 71.85 72.68 -0.83
GBP/INR 95.15 95.59 -0.44
EURO/INR 84.68 84.91 -0.22
International News
JPY/INR 0.64 0.65 -0.01
Commodity 21-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 70.75 68.93 67.27 50.53
Brent Crude($/bl) 79.34 77.81 70.84 58.77
Gold( $/oz) 1199 1193 1196 1291
Gold(Rs./10 gm) 30697 30558 29529 29576
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
24 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 11,166.35, a premium of 23.25
points, above the spot closing of 11,143.10. The turnover on NSE’s
Futures and Options segment improved to Rs. 13,33,834.52 on Sep 21
compared with Rs. 20,50,327.67 on Sep 19.
The Put-Call ratio stood at 0.87, compared with the previous session’s
close of 0.79.
The Nifty Put-Call ratio stood at 1.15 compared with the previous
session’s close of 1.14.
Open interest on Nifty Futures stood at 25.95 million as against the
previous session’s close at 27.63 million.
Bond yield rose marginally as investors were cautious ahead of the
U.S. Federal Reserve's monetary policy meeting due on Sep 25 Sep 26.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 1 bps to
8.08% compared with the previous closing of 8.07% after trading in the
range of 8.01% to 8.14%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,006 crore (gross) on Sep 21 compared with a
borrowing of Rs. 4,995 crore (gross) on Sep 19. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 4,671
crore on Sep 19.
Banks borrowed Rs. 340 crore under the central bank’s Marginal
Standing Facility on Sep 19 compared with borrowing of Rs. 150 crore on
Sep 18.
The Indian rupee rose against the greenback on hopes that the Indian
government would adopt additional measures to put a check on the
rupee’s volatility. However, losses in the domestic equity market capped
the gains.
The euro weakened against the greenback after the preliminary euro
zone manufacturing Purchasing Managers' Index fell in Sep 2018 and
came below market expectations.
Gold prices trader lower as greenback gained against euro amid
expectations of rate hike by the U.S. Federal Reserve at the policy
meeting on Sep 26.
Brent crude traded higher following anticipated pressure from the
sanctions against Iran.
Data from the U.S. Labour Department showed that initial jobless
claims for the week ended Sep 15 fell 3,000 to 201,000 from the
previous week's unrevised level of 204,000.
Flash survey from IHS Markit showed that the euro zone
manufacturing Purchasing Managers' Index (PMI) dropped to a 24-
month low of 53.3 in Sep 2018 from 54.6 in the previous month. The
services PMI rose to a three-month high of 54.7 in Sep 2018.
Flash survey from IHS Markit showed that the private sector growth of
Germany moderated from a six month high in Aug 2018. The composite
output index fell to 55.3 in Sep 2018 from 55.6 in Aug 2018. The
manufacturing PMI fell to a 25-month low of 53.7 in Sep 2018 from 55.9
in Aug 2018. However, the services PMI rose to 56.5 in Sep 2018 from
55.0 in Aug 2018.
Markets for You
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