09 Apr 2018
Markets for You
Global Indices
Global Indices 06-Apr Prev_Day Abs. Change
% Change
Dow Jones 23,933 24,505 -572 -2.34
Nasdaq 6,915 7,077 -161 -2.28
FTSE 7,184 7,200 -16 -0.22
Nikkei 21,568 21,645 -78 -0.36
Hang Seng 29,845 Closed NA NA
Indian Indices 06-Apr Prev_Day Abs. Change
% Change
S&P BSE Sensex 33,627 33,597 30 0.09
Nifty 50 10,332 10,325 6 0.06
Nifty 100 10,750 10,726 24 0.22
Nifty Bank 24,873 24,760 113 0.46
SGX Nifty 10,330 10,384 -54 -0.52
S&P BSE Power 2,193 2,186 8 0.35
S&P BSE Small Cap 17,883 17,775 108 0.61
S&P BSE HC 13,686 13,558 128 0.94
Date P/E Div. Yield P/E Div. Yield
6-Apr 23.24 1.15 25.65 1.24
Month Ago 23.06 1.18 25.02 1.21
Year Ago 22.91 1.34 23.48 1.24
Nifty 50 Top 3 Gainers
Company 06-Apr Prev_Day
% Change
Aurobindo Pharma 619 599 3.38
Lupin 809 787 2.84
BPCL 434 422 2.72
Nifty 50 Top 3 Losers Domestic News
Company 06-Apr Prev_Day
% Change
Bharti Airtel 385 394 -2.27
Infosys 1127 1148 -1.79
Vedanta 285 290 -1.67
Advance Decline Ratio
Advances 1637 1099
Declines 1060 699
Unchanged 116 70
Institutional Flows (Equity)
Description (Cr)
FII Flows* 14493
MF Flows** 35209
Apr 2018; **3
Apr 2018
Economic Indicator
YoY(%) Current Year Ago
09 April 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
Quarter Ago
Indian equity markets closed marginally higher amid continued positive
impact of monetary policy wherein the Reserve Bank of India lowered
inflation expectations for fourth quarter of FY18 and first and second
halves of FY19. However, gains were restricted on escalated fears of a
trade war after the U.S. President proposed more tariff on China and
instructed the trade officials to consider $100 billion in additional tariff
on China. Meanwhile, investors preferred to remain on the sidelines
ahead of key Indian economic data in the coming week.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.09% and
0.06%, respectively to close at 33,626.97 and 10,331.60. S&P BSE Mid-
Cap and S&P BSE Small-Cap grew 0.65% and 0.61%.
On the BSE sectoral front, S&P BSE Healthcare was the major gainer, up
0.94%, followed by S&P BSE Oil & Gas that grew 0.83%. S&P BSE
Consumer Durables grew 0.62% and S&P BSE Finance and S&P BSE
Bankex grew 0.59% each. Among the losers, S&P BSE Telecom was the
major loser down 1.29% followed by S&P BSE Teck that fell 0.7%. S&P
BSE Capital Goods and S&P BSE Information Technology fell 0.52% and
0.51% respectively.
The Reserve Bank of India (RBI) has deferred implementation of two
key regulatory policies. Due to lack of preparedness by some banks, it
deferred the execution of the Indian Accounting Standards (Ind AS) by
one-year. Requirements related to countercyclical buffer provisioning
have also been currently postponed. Ind AS is a global accounting
practice mandated for lenders and it may lead to initial credit losses. RBI
has asked banks to submit half yearly balance sheets based on the Ind AS
formats, to improve readiness..
The Reserve Bank of India (RBI) announced that going forward all
payment system operators in India will be required to store data within
India to ensure safety and security of users' information. The operators
shall get six months to comply to this requirement.
Securities and Exchange Board of India (SEBI) in consultation with RBI
has brought a new system to monitor foreign investment limits in listed
Indian companies. Effective May 1, 2018, to be housed at the
depositories, the tool would help the companies to monitor the various
foreign investment limits.
The government has set up an e-commerce think tank with
participation of the ministry of finance, home affairs, corporate affairs,
electronics and information technology and industry giants in the
telecom, IT and ecommerce space. It will work towards encouraging
Indian ecommerce players, resolve their queries and devise a policy to
respond to doubts raised by other countries on India’s stance on cross-
border digital trade.
Reliance Communications has received allowance from the Supreme
Court to sell most of its assets to Reliance Jio Infocomm to pare its debt
of around Rs. 45,000 crore. The company has also received separate
approval from the NCLAT for selling tower and fibre.
AkzoNobel India has received approval from its Board of Directors to
buyback around 1.1 million shares for Rs. 2.35 billion.
Hindustan Oil Exploration Company (HOEC) has acquired entire share
capital of Geopetrol International and has become the largest private
sector oil and gas player in North East.
Markets for You
Asian markets witnessed a mixed trend ahead of the U.S. Labour
Department’s monthly jobs report, scheduled post market hours.
Escalating tensions over trade war kept investors wary. However, markets
found some support from the final reading of a private survey showing
that Hong Kong's private sector continued to expand in Mar 2018, though
at a slower rate. Today (As of Apr 9), Asian markets opened mixed. Soft
lead from the Wall Street’s last session weighed on the market sentiment.
However, gains in technology and financial stocks boosted the indices.
While Hang seng grew 0.55%, Nikkei fell 0.06% (as at 8.a.m. IST).
As per the last close, European markets ended lower as intensified
trade war concerns between U.S. and China and weaker than expected
U.S. jobs data for Mar 2018 weighed on the market sentiment.
As per the last close, U.S markets ended almost lower amid trade war
concerns that renewed after U.S. President threatened to impose $100
billion of additional tariffs on Chinese imports. Also, weak U.S. jobs data
for Mar 2018 further added to the losses.
FII Derivative Trade Statistics 06-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 3313.75 2118.98 15735.00
Index Options 97047.22 93365.32 58840.36
Stock Futures 9920.44 8541.77 76485.11
Stock Options 4948.18 5119.17 3614.52
Total 115229.59 109145.24 154674.99
06-Apr Prev_Day
Put Call Ratio (OI) 1.45 1.42 0.03
Indian Debt Market
Put Call Ratio(Vol) 1.19 1.08 0.11
06-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 5.89% 7.57% 5.87% 5.86%
CBLO 5.79% 6.24% 5.75% 5.68%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 6.00%
91 Day T-Bill 6.08% 6.09% 6.28% 5.60%
364 Day T-Bill 6.45% 6.40% 6.63% 6.13%
10 Year Gilt 7.17% 7.40% 7.77% 6.77%
G-Sec Vol. (Rs.Cr) 55428 37511 18140 39636
Currency Market Update
1 Month CP Rate NA NA 7.85% 6.46%
3 Month CP Rate 6.85% 7.40% 7.93% 6.70%
5 Year Corp Bond 7.89% 8.04% 8.15% 7.47%
1 Month CD Rate 6.11% 7.23% 7.23% 6.12%
3 Month CD Rate 6.66% 6.98% 7.24% 6.29%
1 Year CD Rate 7.12% 7.33% 7.56% 6.63%
Commodity Market Update
Currency 06-Apr Prev_Day
USD/INR 64.99 65.06 -0.07
GBP/INR 90.96 91.50 -0.54
EURO/INR 79.51 79.78 -0.26
International News
JPY/INR 0.61 0.61 0.00
Commodity 06-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 62.02 64.86 62.53 51.64
Brent Crude($/bl) 65.70 68.21 66.46 53.76
Gold( $/oz) 1333 1324 1334 1251
Gold(Rs./10 gm) 30396 30630 30438 28796
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
09 April 2018
The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have been obtained from independent
third party sources and which are deemed to be reliable. The information provided cannot be considered as guidelines, recommendations or as a professional guide for the readers. It may be noted
that since Reliance Nippon Life Asset Management Company Limited (RNLAM) (formerly Reliance Capital Asset Management Limited) has not independently verified the accuracy or authenticity of
such information or data, or for that matter the reasonableness of the assumptions upon which such data and information has been processed or arrive data; RNLAM does not in any manner assures
the accuracy or authenticity of such data and information. Some of the statements & assertions contained in these materials may reflect RNLAM’s views or opinions, which in turn may have been
formed on the basis of such data or information. The Sponsor(s), the Investment Manager, the Trustee or any of their respective directors, employees, affiliates or representatives do not assume any
responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon the information provided herein, due
care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable, to the extent possible. This information is not intended to be an offer or solicitation for the
purchase or sale of any financial product or instrument. Recipients of this information should rely on information/data arising out of their own investigations. Before making any investments, the
readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor(s), the Investment Manager, the Trustee,
their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on
account of lost profits arising from the information contained in this material.
Readers are requested to click here for ICRON disclaimer - http://www.icraonline.com/legal/standard-disclaimer.html
Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Apr 2018 Futures were at 10352.85 points, a premium of 21.25
points, over the spot closing of 10,331.60. The turnover on NSE’s
Futures and Options segment went down from Rs. 12,70,693.49 crore
on Apr 5 to Rs. 4,65,313.10 crore on Apr 6.
The Put-Call ratio, stood at 0.91 against previous session’s close of
The Nifty Put-Call ratio stood at 1.45 against the previous session’s
close of 1.42.
Open interest on Nifty Futures stood at 23.58 million as against the
previous session’s close of 22.96 million.
Bond yields rose after the Indian state governments planned to sell
debt worth Rs. 1.16 to Rs. 1.28 lakh crore in Apr-Jun 2018 as against Rs.
65,000 crore sold during the same quarter last fiscal.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 4 bps to
close at 7.17% from the previous close of 7.13%. During the session,
bond yields traded in the range of 7.13% and 7.18%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,685 crore (gross) on Apr 6 compared with Rs.
3,750 crore on Apr 5. Sale of securities under Reserve Bank of India’s
(RBI) reverse repo window stood at Rs. 51,039 crore on Apr 5.
Banks did not borrow under the central bank’s Marginal Standing
Facility on Apr 5 compared with Rs. 800 crore borrowed on Apr 4.
The rupee rose initially against the greenback following gains in the
domestic equity market. The rupee closed unchanged at Rs. 64.97.
Euro rose against the greenback after the U.S. nonfarm payroll
employment for Mar 2018 came below market expectations and grew at
the slowest rate in the last six months. Euro was last seen trading at
$1.2274, up 0.29% compared with the previous close of $1.2238.
Gold prices moved up as investors remained worried of a potential
trade war between China and the U.S.
Brent crude prices inched up as the threat of sanctions against both
Iran and Venezuela have increased.
According to the Labor Department, U.S. non-farm payroll
employment rose much less than expected by 103,000 jobs in Mar 2018
after jumping by an upwardly revised 326,000 jobs in Feb 2018. The less
than expected job growth came in as rise in employment in the
manufacturing, healthcare, and mining sectors were partly offset by job
losses in the construction and retail sectors. The unemployment rate
stood at 4.1% in Mar, unchanged from the five previous months.
Meanwhile, annual rate of growth in average hourly employee earnings
rose 2.7% in Mar from 2.6% in Feb.
According to a report by the Commerce Department, U.S. trade deficit
widened more than expected to $57.6 billion in Feb 2018 from a revised
$56.7 billion in Jan 2018.
Markets for You
Thank you for
your time.