02Apr2018
MarketsforYou
GlobalIndices
GlobalIndices 29‐Mar Prev_Day Abs.Change
%Change
#
DowJones 24,103 23,848 255 1.07
Nasdaq 7,063 6,949 114 1.64
FTSE 7,057 7,045 12 0.17
Nikkei 21,454 21,159 295 1.40
HangSeng 30,093 30,023 71 0.24
IndianIndices 28‐Mar Prev_Day Abs.Change
%Change
#
S&PBSESensex 32,969 33,174 ‐206 ‐0.62
Nifty50 10,114 10,184 ‐70 ‐0.69
Nifty100 10,478 10,557 ‐78 ‐0.74
NiftyBank 24,263 24,434 ‐171 ‐0.70
SGXNifty 10,160 10,195 ‐35 ‐0.34
S&PBSEPower 2 ,126 2,148 ‐23 ‐1.05
S&PBSESmallCap 16,994 17,153 ‐159 ‐0.92
S&PBSEHC 13,158 13,309 ‐151 ‐1.14
Date P/E Div.Yield P/E Div.Yield
28‐Mar 22.66 1.18 24.66 1.29
MonthAgo 23.69 1.16 25.68 1.13
YearAgo 22.59 1.39 23.63 1.22
Nifty50Top3Gainers
Company 28‐Mar Prev_Day
%Change
#
TechMahindra 639 622 2.74
Wipro 281 274 2.59
CoalIndia 283 276 2.57
Nifty50Top3Losers DomesticNews
Company 28‐Mar Prev_Day
%Change
#
BhartiAirtel 399 413 ‐3.51
TataSteel 571 590 ‐3.21
VedantaLimited 278 287 ‐3.19
AdvanceDeclineRatio
BSE NSE
Advances 895 588
Declines 1758 1235
Unchanged 176 47
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 14399
MFFlows** 30162
*28
th
Mar2018;**26
th
Mar2018
EconomicIndicator
YoY(%) Current YearAgo
WPI
2.48%
(Feb‐18)
5.51%
(Feb‐17)
IIP
7.50%
(Jan‐18)
3.00%
(Jan‐17)
GDP
7.20%
(Dec‐17)
6.80%
(Dec‐16)
02April2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
1.80%
(Oct‐17)
6.50%
(Sep‐17)
QuarterAgo
Inflow/Outflow
2250
1094
4.02%
(Nov‐17)
• India's fiscal deficit for the Apr 2017‐Feb 2018 period increased to Rs.
7.16 lakh crore, which is 120% of the government’s revised target for
FY18. The fiscal deficit target for the current fisc al was revised at 3.5%
from the earlier 3.2%. The target for FY19 has been set at 3.3% making
changes to fiscal consolidation glide path.
•TheIncome‐Tax Department released a list of 24 defaulting individuals
and companies who owe about Rs. 490 crore in taxes to the government,
which was published in l eading national dailies. These entities are either
gone untraceable or have reported inadequate assets for payment of
dues.
• Disinvestment receipts for FY17‐18 have surpasses t he revis ed
budgetary target of Rs. 1 lakh crore and stands at Rs. 1,00,056.91 crore,
which also includes receipts through listing insurance firms. In the
previous financial year, the divestment amount was Rs. 46,250 crore.
• According to the Comptroller and Auditor General (CAG), contracts
awarded for repairing and maintaining of state highways in Maharashtra
were outdated and needed revisions as per the government norms. The
auditor also raised the issue of unpaid bills of contractors. CAG said
repairs and maintenance works were divided into many parts and
awarded to single bidders. The report also revealed that 14,641 works
(93%) were completed from 15,674 works planned by the year ended
Mar 2017.
• The Goods and Services Tax (GST) Council in its 25th meeting decided to
exempt reinsurance schemes from the purview of the tax network. The
proposal to exempt reinsurance schemes was suggested by the Fitment
Committee and was approved by the GST Council on Jan 18, 2018. There
are 24 difference insurance schemes (general) got exempted under GST.
MarketsforYou
• Asian markets closed higher following overnight gains in the Wall
Street. Japanese markets witnessed buying interest after the nation’s
industrial output rose 4.1 % MoM i n Feb 2018, following a revised 6.8%
decline in Jan 2018. Nonetheless, trading volume remained low as many
markets in the region are closed for the Good Friday public holiday. Today
(As of April 02), Asian markets opened higher as China imposed new
tariffs on U.S. goods after previously floating the proposal last month.
While Hang Seng was closed, Nikkei rose 0.44% (as at 8 a.m. IST).
• As per the last close, European markets went up as market participants
bought stocks at reduced prices following the recent pullback in equities.
Automakers were particularly strong on reports of a potential merger
between France and Japan based major.
• As per the last close, U.S markets r ose following rally in technology
shares after seeing a steep decline in the recent sessions. Recent
pessimism about the tech sector may have been overdone. Further,
higher oil prices supported energy stocks.
• Indian equity market moved down on the last trading day of the
financial year as investors remained cautious ahead of the extended
weekend. Weak cues from the global peers and expiry of Mar 2018
derivative contract also kept investors on the sidelines. Ad ditionally,
India's fiscal deficit widened to Rs. 7.15 lakh c r ore at the end of Feb 2018,
exceeding t he revised target of Rs 5.94 lakh crore for the entire 2017‐18
fiscal and for the Apr 2017‐Feb 2018 period it stood at 120% of the
revised estimates due to increased expenditure and subdued revenue
receipts.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.62% and
0.69% to close at 32,968.68 and 10,113.70, respectively.
• The market breadth on BSE was weak w ith 1,758 scrips declining and
895 scrips advancing. A total of 176 scrips remained unchanged.
• On the BSE sectoral front, barring S&P BSE S&P BSE CD (0.24%) and S&P
BSE Oil & Gas (0.06%), all the other sectors closed in the red. S&P BSE
Telecom (‐2.58%) stood as the major loser followed by S&P BSE Metal (‐
2.04%), S&P BSE Basic Materials (‐1 .66%), S&P BSE He althcare (‐1.14%)
and S&P BSE Realty (‐1.07%).
FIIDerivativeTradeStatistics 28‐Mar
(RsCr) Buy Sell OpenInt.
IndexFutures 7257.41 6902.31 25070.10
IndexOptions 126115.70 125871.74 76019.34
StockFutures 34178.85 33603.47 79121.11
StockOptions 5522.97 5392.55 7711.08
Total 173074.93 171770.07 187921.63
28‐Mar Prev_Day Change
PutCallRatio(OI) 1.10 1.15 ‐0.04
IndianDebtMarket
PutCallRatio(Vol) 1.01 1.00 0.01
28‐Mar Wk.Ago Mth.Ago YearAgo
CallRate 7.57% 5.94% 5.93% 5.96%
CBLO 6.24% 5.95% 5.84% 5.83%
Repo 6.00% 6.00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 5.75%
91DayT‐Bill 6.09% 6.07% 6.31% 5.80%
364DayT‐Bill 6.40% 6.50% 6.64% 5.90%
10YearGilt 7.40% 7.58% 7.73% 6.71%
G‐SecVol.(Rs.Cr) 37511 38439 19186 51905
CurrencyMarketUpdate
1MonthCPRate 7.74% 7.75% 6.88% 6.56%
3MonthCPRate 7.44% 7.26% 7.92% 6.65%
5YearCorpBond 7.80% 7.93% 8.06% 7.46%
1MonthCDRate 6.88% 6.90% 6.25% 6.21%
3MonthCDRate 6.80% 6.82% 7.25% 6.30%
1YearCDRate 7.22% 7.30% 7.58% 6.69%
CommodityMarketUpdate
Currency 28‐Mar Prev_Day Change
USD/INR 65.04 64.80 0.25
GBP/INR 92.28 92.26 0.03
EURO/INR 80.62 80.76 ‐0.14
InternationalNews
JPY/INR 0.62 0.61 0.00
Commodity 29‐Mar WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 64.86 65.79 61.42 50.25
BrentCrude($/bl) 68.21 68.62 66. 72 52.21
Gold($/oz) 1324 1347 1318 1243
Gold(Rs./10gm)* 30630 30300 30398 28834
Source:ThomsonReutersEikon
*Valueason28March2018
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
02April2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yields rose due to profit booking and amid concerns that the
expected widening of limits for foreign investment in government debt
might come with conditions that will favour long‐term investors.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) rose 7 bps to
close at 7.40% from the previous close of 7.33%. During the session,
bond yields traded in the range of 7.29% and 7.41%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 9,717 crore (gross) on Mar 28 compared with
Rs. 8,427 crore on Mar 27. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 68,110 crore on Mar 27.
• Banks borrowed Rs. 865 crore under the central bank’s Marginal
Standing Facility on Mar 23 compared with Rs. 7,600 crore b o rrowed on
Mar 26.
• According to a report from the Commerce Department, U.S. personal
income came in line with market expectations and grew 0.4% in Feb
2018, which matched the increases witnessed in the two previous
months. Disposable personal income also grew by 0.4% in Feb as against
a gain of 1% in Jan 2018. Also, personal spending grew 0.2% for the
second consecutive month.
• A report from the Office for National Statistics showed that U.K. GDP
grew 0.4% quarter‐on‐quarter in the fourth quarter slightly down as
against 0.5% gain in the third quarter. However, it was in line with
preliminary expectations.
MarketsforYou
• Nifty Mar 2018 Futures settled at spot closing of 10,113.70. Nifty Apr
2018 Futures were at 10,151.95 points, a premium of 38.25 points, over
the spot closing. The turnover on NSE’s Futures and Options segment
went up from Rs. 11,31,391.77 crore on Mar 27 to Rs. 14,45,042.93 crore
on Mar 28.
•ThePut‐Call ratio stood unchanged from previous session’s close of
0.91.
• The Nifty Put‐Call ratio stood at 1.10 against the previous session’s
close of 1.15.
• Open interest on Nifty Futures s tood at 30.51 million as against the
previous session’s close of 28.88 million.
• The Indian rupee fell for the second consecutive session against the U.S.
dollar due to month‐end dollar demand from importers and after India’s
fiscal deficit for the 11‐month period ended Feb 2018 reached 120% o
f
the revised budgeted target of FY18.
• Euro was trading slightly higher against the U.S dollar amid muted
trading activity as major markets in the U.S. and Europe were closed fo
r
Easter weekend.
•Goldpricesincheddownassomebetter‐than‐expected U.S. economi
c
data dampened the safe haven demand of the bullion.
• Brent crude prices gained after data from energy services firm Bake
r
Hughes indicated that U.S. oil rigs count fell by 6 to 798, marking the first
fall in three weeks.
Thank you for
your time.