25 Sep 2018
Markets for You
Global Indices
Global Indices 24-Sep Prev_Day Abs. Change
% Change
#
Dow Jones 26,562 26,744 -181 -0.68
Nasdaq 7,993 7,987 6 0.08
FTSE 7,458 7,490 -32 -0.42
Nikkei Closed 23,870 NA NA
Hang Seng 27,499 27,954 -454 -1.62
Indian Indices 24-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,305 36,842 -537 -1.46
Nifty 50 10,967 11,143 -176 -1.58
Nifty 100 11,186 11,388 -202 -1.77
Nifty Bank 24,970 25,597 -627 -2.45
SGX Nifty 11,040 11,164 -125 -1.12
S&P BSE Power 1,993 2,019 -26 -1.28
S&P BSE Small Cap 15,334 15,763 -429 -2.72
S&P BSE HC 15,167 15,589 -422 -2.71
Date P/E Div. Yield P/E Div. Yield
24-Sep 23.30 1.24 26.66 1.22
Month Ago 24.63 1.16 28.06 1.16
Year Ago 23.68 1.22 25.95 0.95
Nifty 50 Top 3 Gainers
Company 24-Sep Prev_Day
% Change
#
TCS 2198 2103 4.53
Coal India 281 275 2.14
Infosys 718 705 1.84
Nifty 50 Top 3 Losers Domestic News
Company 24-Sep Prev_Day
% Change
#
Indiabulls HFC 982 1062 -7.55
Eicher Motors 25853 27940 -7.47
M&M 896 960 -6.65
Advance Decline Ratio
BSE NSE
Advances 500 285
Declines 2155 1619
Unchanged 163 67
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)
25 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)
According to the media reports, out of the 24 Central Public Sector
Enterprises (CPSEs), the government has recognized certain assets of nine
companies that shall be sold off and disposed separately. This shall be
done before the select state-owned companies are put on the block for
strategic sale. Most of the assets identified for are residential flats owned
by the CPSEs.
The finance minister has stated that the government would take
measures in order to ensure adequate liquidity for non-banking financial
companies (NBFCs) and mutual funds. The announcement comes in order
to calm down the investors who are worried due to unexpected steep
decline in the intra-day trade on Sep 21 due to concerns over liquidity
crisis being faced by some of the NBFCs. The Reserve Bank of India (RBI)
and the Securities and Exchange Board of India (SEBI) have stated that
they were closely keeping a check over the developments in the financial
sector.
According to the media reports, Chairperson of Insolvency and
Bankruptcy Board of India (IBBI) has announced that approximately 45
bankrupt companies have been approved for revival under the new
insolvency law. This is expected to recover more than Rs. 50,000 crore, or
50% of the total claim of creditors. Also, the chairperson stated that since
the implementation of the Insolvency and Bankruptcy Code (IBC) in 2016
and the admission of the first company in Jan 2017, approximately 1,100
companies have been admitted in the Corporate Insolvency Resolution
Process (CIRP).
According to a report from Confederation of Indian Industry (CII), more
than 40% of Indian firms expect that the Reserve Bank of India (RBI) will
make one other interest rate hike in FY19. As per a release by CII, the
quarterly Business Confidence Index (BCI) that was conducted during Jul-
Sep 2018 covered approximately 200 firms of different sizes.
Markets for You
Indian equity markets started the week in the red as investors have still
not got over liquidity fears. The finance minister and the Reserve Bank of
India came out with separate statements saying they are monitoring the
situation and would take all required steps to ensure adequate liquidity in
the system. This could not do much to calm investor nerves and the key
index lost 536 points. Rising crude oil prices and weakening rupee added
to the woes.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 1.46% and
1.58% to close at 36,305.02 and 10,967.40, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap declined 2.40% and 2.72%, respectively.
The market breadth on BSE was weak with 500 scrips advancing and
2155 scrips declining. A total of 163 scrips remained unchanged.
On the BSE sectoral front, only three sectors gained. S&P BSE
Information Technology stood as the major gainer, up 2.06% followed by
S&P BSE Teck and S&P BSE that grew 1.37% and 0.44%, respectively. S&P
BSE Realty and S&P BSE Auto were the major losers, down 5.1% and
3.75%, followed by S&P BSE Finance and S&P BSE Telecom, down 3.46%
and 3.3%, respectively.
Asian equity markets saw thin trade as bourses in China, Japan, S Korea
and Taiwan were closed on account of public holidays. Indices mostly fell
on a worsening trade war situation after media reported that Beijing has
cancelled its meeting with Washington and fresh set of tariffs by both
nations on each other’s imports came into effect. Today (as of Sep 25),
Honk Kong and South Korea markets were closed due to some public
holiday. Other Asian markets was mostly lower following losses in the
Wall Street and political uncertainty in the U.S. However, gains in a major
Japanese electric company led to rise of Nikkei that was trading up 0.18%
(as at 8.a.m. IST).
As per the last close, European markets closed lower after U.S. and
China cancelled the trade talk. Also, market was further hit after ECB's
President stated that inflation in the euro area is set to rise in coming
months and that there are signs of labor shortages in some countries.
As per the last close, U.S. markets closed mostly lower after news that
China has canceled trade talks with the U.S. as tariffs on billions of dollars
worth of goods take effect.
FII Derivative Trade Statistics 24-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
24-Sep Prev_Day
Change
Put Call Ratio (OI) 1.05 1.14 -0.09
Indian Debt Market
Put Call Ratio(Vol) 0.94 0.99 -0.05
24-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 6.58% 6.58% 6.39% 5.89%
CBLO 6.47% 6.54% 6.44% 5.93%
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 7.09% 7.03% 6.80% 6.09%
364 Day T-Bill 7.60% 7.63% 7.29% 6.21%
10 Year Gilt 8.12% 8.10% 7.87% 6.66%
G-Sec Vol. (Rs.Cr) 26066 36157 31439 41185
Currency Market Update
FBIL MIBOR 6.65% 6.60% 6.55% 6.05%
3 Month CP Rate 8.20% 8.00% 7.80% 6.69%
5 Year Corp Bond 9.00% 8.88% 8.64% 7.45%
1 Month CD Rate 7.40% 7.11% 6.75% 6.11%
3 Month CD Rate 7.44% 7.48% 7.21% 6.16%
1 Year CD Rate 8.33% 8.38% 8.02% 6.53%
Commodity Market Update
Currency 24-Sep Prev_Day
Change
USD/INR 72.69 71.85 0.84
GBP/INR 95.00 95.15 -0.15
EURO/INR 85.25 84.68 0.57
International News
JPY/INR 0.65 0.64 0.01
Commodity 24-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 72.85 68.81 69.46 50.28
Brent Crude($/bl) 81.33 78.16 73.60 59.20
Gold( $/oz) 1198 1201 1206 1297
Gold(Rs./10 gm) 30664 30614 29561 29551
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
25 September 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yield rose as crude oil prices increased and rupee weakened. This
triggered concerns over rising inflation, which adversely impacted the
market sentiment.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 4 bps to
8.12% compared with the previous closing of 8.08% after trading in the
range of 8.07% to 8.13%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 10,651 crore (gross) on Sep 24 compared with
a borrowing of Rs. 4,006 crore (gross) on Sep 21. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
15,168 crore on Sep 21.
Banks borrowed Rs. 300 crore under the central bank’s Marginal
Standing Facility on Sep 21 compared with borrowing of Rs. 340 crore on
Sep 19.
According to a report from the Ifo institute, Germany’s business
sentiment index fell to 103.7 in Sep 2018 as against revised score of
103.9 (103.8 originally reported) in Aug 2018. Meanwhile, the current
assessment indicator came in at 106.4 in Sep as against revised score of
106.5 in Aug. The expectations index came in at 101.0 in Sep, down from
101.3.
Singapore’s consumer price inflation came in line with market
expectations and grew 0.7% in Aug 2018 as against an increase of 0.6%
in Jul 2018.
Markets for You
Nifty Sep 2018 Futures settled at 10,997.95, a premium of 23.05 points,
above the spot closing of 10,974.90. The turnover on NSE’s Futures and
Options segment declined to Rs. 10,47,636.28 on Sep 24. The Put-Call
ratio stood at 0.79, compared with the previous session’s close of 0.87.
The Nifty Put-Call ratio stood at 1.05 compared with the previous
session’s close of 1.15.
India VIX moved up 14.19% to 17.7400 from 15.5350 in the previous
trading session.
Open interest on Nifty Futures stood at 25.95 million as against the
previous session’s close at 25.95 million.
The Indian rupee declined against the greenback with the surge in
crude oil prices. The intensifying trade feud between U.S. and China also
impacted the local currency. The rupee depreciated 0.24% to close at
72.63 per dollar from the previous close of 72.20.
The euro appreciated against the greenback after the German
Chancellor’s ruling coalition government settled a six-month old
contention regarding the country’s scandalous spy chief. Euro was last
seen trading at $1.1804, up 0.47% compared with the previous close of
$1.1749.
Gold prices held high as investors resorted to cautious trading amid the
escalating trade tussle between U.S. and China.
Brent crude edged higher as global oil supply tightens with the
shrinking export from Iran.
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