27 Sep 2018
Markets for You
Global Indices
Global Indices 26-Sep Prev_Day Abs. Change
% Change
#
Dow Jones 26,385 26,492 -107 -0.40
Nasdaq 7,990 8,007 -17 -0.21
FTSE 7,511 7,508 4 0.05
Nikkei 24,034 23,940 94 0.39
Hang Seng 27,817 Closed NA NA
Indian Indices 26-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,542 36,652 -110 -0.30
Nifty 50 11,054 11,067 -14 -0.12
Nifty 100 11,280 11,288 -8 -0.07
Nifty Bank 25,376 25,330 46 0.18
SGX Nifty 11,102 11,139 -37 -0.33
S&P BSE Power 1,987 1,987 0 -0.01
S&P BSE Small Cap 15,240 15,221 19 0.12
S&P BSE HC 15,494 15,432 62 0.40
Date P/E Div. Yield P/E Div. Yield
26-Sep 23.49 1.22 26.87 1.22
Month Ago 24.63 1.16 28.06 1.16
Year Ago 23.41 1.24 25.71 0.96
Nifty 50 Top 3 Gainers
Company 26-Sep Prev_Day
% Change
#
Indiabulls HFC 1000 930 7.55
United Phos 698 661 5.54
Vedanta Limited 242 230 4.84
Nifty 50 Top 3 Losers Domestic News
Company 26-Sep Prev_Day
% Change
#
Tata Motors 233 241 -3.09
Bharti Infratel 262 269 -2.91
Wipro 319 328 -2.76
Advance Decline Ratio
BSE NSE
Advances 1282 890
Declines 1346 943
Unchanged 184 93
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -12752
MF Flows** 82833
*26
th
Sep 2018; **24
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)
27 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
756
-3682
4.87%
(May-18)
The finance minister announced that the cabinet has cleared a proposal
to convert goods and service tax Network (GSTN) into a government-
owned company. The finance minister stated that in the new structure,
50% stake will be owned by the Centre and the balance by the states on
pro-rata basis. Currently, the Centre and states together hold 49% stake in
the GST Network and the balance 51% is held by five private financial
institutions.
The Cabinet Committee on Economic Affairs (CCEA) has given approval
for a package worth Rs. 5,500 crore for the sugar industry. The package
includes over two-fold increase in production assistance to cane growers
and transport subsidy to mills for export up to 5 million tonnes in the
marketing year 2018-19 that begins in Oct 2018. Besides offsetting the
cost of cane, the proposal comes in order to facilitate export of sugar from
the country.
Under South Asian Free Trade Agreement (SAFTA), the government has
placed stringent enforcement of rules of origin for imports of edible oils
from Bangladesh. As per the government, imports of edible oils will be
allowed only after receiving a no objection certificate from Directorate of
Revenue Intelligence (DRI), Kolkata.
The commerce ministry announced that India will impose duties on
imports within the norms of the World Trade Organisation (WTO). The
announcement comes on the wake of protecting domestic industry and
boost the economy. The ministry stated that India is a developing
economy and has the right to use tariff within the bound rates under
WTO.
The government would likely approach the Reserve Bank of India (RBI)
for relaxation in the prompt corrective action (PCA) framework wherein
the loss-making banks have been stopped from lending. Also, the finance
ministry would look at realignment of RBI norms on capital adequacy with
global Basel norms. Currently, there are 11 banks under RBI’s PCA
framework and the minimum common equity Tier-I ratio is 5.5% against
4.5% under Basel III norms.
Markets for You
Indian equity markets went back to their losing trend on Sep 26, 2018,
as investors turned anxious before the U.S. Federal Reserve’s policy meet
later in the day. Also, expiry of Sep derivative contracts kept market
participants on the sidelines.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.30% and
0.12% to close at 36,542.27 and 11,053.80, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap gained 0.42% and 0.12%, respectively.
The overall market breadth on BSE was weak with 1282 scrips advancing
and 1346 scrips declining. A total of 184 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Metal stood as the major gainer, up
1.73% followed by S&P BSE Realty and S&P BSE Basic Materials that grew
1.69% and 1.31%, respectively. S&P BSE Capital Goods and S&P BSE
Energy gained 1.23% and 1.08%, respectively. S&P BSE Information
Technology and S&P BSE Fast Moving Consumer Goods were the major
losers, down 1.6% and 1.44%, followed by S&P BSE Teck and S&P BSE
Auto, down 1.36% and 0.99%, respectively.
Asian equity markets ended broadly higher ahead of the U.S. Federal
Reserve’s policy meet later in the day. Investors have already factored in a
25 basis point hike in interest rates by the U.S. central bank. They are
waiting for the policy statement for indications on the future stance of the
bank. China gained as global index provider MSCI is seen to increase
weighting of China A-shares fourfold in its global benchmarks. Today (as
of Sep 27), Asian market opened mixed after U.S. Federal Reserve
Chairman comments on inflation after the central bank decided to
increase interest rates. Nikkei was trading up 0.20% while Hang Seng was
trading down 0.08% (as at 8.a.m. IST).
As per the last close, European markets stood almost steady as investors
were reluctant to make any major moved ahead of the U.S. Federal
Reserve’s policy announcement.
As per the last close, U.S. markets closed lower after the comments
from the U.S. Federal Reserve Chairman post the announcement that Fed
raised rates for the third time this year but does not see inflation
surprising to the upside.
FII Derivative Trade Statistics 26-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 11327.76 12121.06 27308.35
Index Options 202509.41 201903.82 93890.17
Stock Futures 38091.87 37443.14 92409.83
Stock Options 8655.38 8570.66 9573.05
Total 260584.42 260038.68 223181.40
26-Sep Prev_Day
Change
Put Call Ratio (OI) 1.09 1.13 -0.04
Indian Debt Market
Put Call Ratio(Vol) 0.93 0.82 0.11
26-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 6.45% 6.60% 6.39% 5.86%
CBLO 6.02% 6.46% 6.44% 5.83%
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 7.15% 7.06% 6.80% 6.07%
364 Day T-Bill 7.70% 7.63% 7.29% 6.23%
10 Year Gilt 8.07% 8.07% 7.87% 6.67%
G-Sec Vol. (Rs.Cr) 31640 43175 31439 38324
Currency Market Update
FBIL MIBOR 6.60% 6.65% 6.55% 6.00%
3 Month CP Rate 8.40% 8.05% 7.80% 6.64%
5 Year Corp Bond 8.98% 8.91% 8.64% 7.47%
1 Month CD Rate 7.41% 7.51% 6.75% 6.12%
3 Month CD Rate 7.74% 7.51% 7.21% 6.15%
1 Year CD Rate 8.44% 8.39% 8.02% 6.56%
Commodity Market Update
Currency 26-Sep Prev_Day
Change
USD/INR 72.72 72.81 -0.10
GBP/INR 95.77 95.50 0.27
EURO/INR 85.54 85.62 -0.09
International News
JPY/INR 0.64 0.64 0.00
Commodity 26-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 71.84 71.03 69.46 51.58
Brent Crude($/bl) 82.31 79.87 73.60 60.86
Gold( $/oz) 1194 1204 1206 1294
Gold(Rs./10 gm) 30672 30722 29561 30127
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
27 September 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yield declined as market participants resorted to short covering.
The recovery in rupee, after two straight sessions of depreciation, also
helped easing the yield.
Yield on the 10-year benchmark paper (7.17% GS 2028) declined 6 bps
to 8.07% compared with the previous closing of 8.13% after trading in
the range of 8.06% to 8.12%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,746 crore (gross) on Sep 26 compared with a
borrowing of Rs. 3,936 crore (gross) on Sep 25. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
78,595 crore on Sep 25.
RBI announced the sale (issue/re-issue) of 7.37% GS 2023, 7.17% GS
2028, 7.40% GS 2035 and 7.72% GS 2055 for notified amount of Rs.
12,000 crore. The auction will be conducted on Sep 28, 2018.
According to report by the Conference Board, U.S. consumer
confidence index unexpectedly rose to 138.4 in Sep 2018, 18-year high,
from an upwardly revised 134.7 in Aug 2018. The unexpected
improvement in consumer confidence brought optimism about the
short-term outlook that improved significantly, thus the expectations
index rose to 115.3 in Sep from 109.3 in Aug.
According to data from U.K. Finance, the number of mortgages
approved in Britain decreased to 39,402 in Aug 2018 from 39,619 in Jul
2018 and 41,141 in Aug 2017. Similarly, there was a fall in house
purchase and other secured borrowing by 4.3% and 2.1%, respectively.
Markets for You
Nifty Sep 2018 Futures settled at 11,062.45, a premium of 8.65 points,
above the spot closing of 11,053.80. The turnover on NSE’s Futures and
Options segment went down to Rs. 12,29,900.86 on Sep 26.
The Put-Call ratio stood at 0.85, compared with the previous session’s
close of 0.76.
The Nifty Put-Call ratio stood at 1.09 compared with the previous
session’s close of 1.13.
India VIX moved up 2.68% to 17.1300 from 16.6825 in the previous
trading session.
Open interest on Nifty Futures stood at 25.33 million as against the
previous session’s close at 24.65 million.
The Indian rupee depreciated as market participants wait for the policy
review meeting of the Federal Reserve, expecting an interest rate hike.
Consistent surge in crude prices, too, weighed down on the local unit.
The euro edged higher, driven by the comment of European Central
Bank’s president, assuring healthy growth in inflation and wages in euro
zone. However, gains were tapered after ECB’s chief economist attached
little importance to the president’s remark.
Gold prices moved down ahead of the two-day monetary policy
meeting of the U.S. Federal Reserve.
Brent crude prices declined following U.S.’s assurance that it would
ensure proper oil supply before the sanction against Iran kicks in Nov.
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