10 Apr 2018
Markets for You
Global Indices
Global Indices 09-Apr Prev_Day Abs. Change
% Change
Dow Jones 23,979 23,933 46 0.19
Nasdaq 6,950 6,915 35 0.51
FTSE 7,195 7,184 11 0.15
Nikkei 21,678 21,568 111 0.51
Hang Seng 30,230 29,845 385 1.29
Indian Indices 09-Apr Prev_Day Abs. Change
% Change
S&P BSE Sensex 33,789 33,627 162 0.48
Nifty 50 10,379 10,332 48 0.46
Nifty 100 10,793 10,750 42 0.39
Nifty Bank 25,094 24,873 221 0.89
SGX Nifty 10,381 10,330 51 0.49
S&P BSE Power 2,196 2,193 3 0.14
S&P BSE Small Cap 17,951 17,883 68 0.38
S&P BSE HC 13,650 13,686 -36 -0.26
Date P/E Div. Yield P/E Div. Yield
9-Apr 23.35 1.15 25.76 1.23
Month Ago 22.91 1.18 24.97 1.28
Year Ago 22.98 1.34 23.32 1.25
Nifty 50 Top 3 Gainers
Company 09-Apr Prev_Day
% Change
Axis Bank 519 500 3.82
BPCL 450 434 3.78
HPCL 367 354 3.63
Nifty 50 Top 3 Losers Domestic News
Company 09-Apr Prev_Day
% Change
Zee Ente. 572 585 -2.17
Lupin 794 809 -1.88
Tata Motors 358 364 -1.59
Advance Decline Ratio
Advances 1662 1092
Declines 1060 715
Unchanged 184 72
Institutional Flows (Equity)
Description (Cr)
FII Flows* 14402
MF Flows** 36344
Apr 2018; **5
Apr 2018
Economic Indicator
YoY(%) Current Year Ago
10 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
According to new rules laid down by the Finance Ministry, before
issuing a formal notice to the businesses, customs officials will now hold
consultations with assesses and inform them about outstanding taxes
and interest. They would be given 15 days to respond to the
communication of pre-notice consultation and submit response to the
tax officer.
According to the Economic Affairs Secretary, Indian economy need to
create a supportive macro-economic environment to become $10 trillion
economy from the current $2.5 trillion by 2030. He has further added
that the government is working on an overseas investment policy with an
aim to provide support to Indian businesses which will invest abroad.
According to the finance minister, while reforms such as goods and
services tax (GST), Insolvency and Bankruptcy Code, demonetisation and
new income tax regulations led to temporary disruptions over the past
two years, the economy will witness consolidation in FY19.
The Reserve Bank of India (RBI) has increased the debt investment
limits for foreign portfolio investors (FPIs) to buy Indian government and
corporate bonds amid rising global investor interest for domestic debt
papers. The FPI limit for central government securities would be
increased 0.5% to 5.5% of outstanding stock of securities in FY19 and 6%
of outstanding stock of securities in FY20. Net increase in government
bonds will be Rs. 592 billion in two years. FPI limits in corporate bonds
would increase by Rs. 447.8 billion by the end of FY20.
According to the chief of Cotton Association of India, exports of cotton
from India are likely to go up to seven million bales this marketing year
starting Oct 2017. This corresponds to an increase of 27% from the
earlier estimate. The increase is expected to come on the back of
increase in demand particularly from China.
Markets for You
Asian markets closed in the green as investors shifted their focus from
ongoing trade war concerns to the upcoming data on U.S. and Chinese
inflation and comment from the chiefs of global central banks. Today (As
of Apr 10), Asian markets opened mixed amid focus on trade war
tensions and Chinese President’s speech due later in the day. Decline in
financial and auto stocks negatively impacted the indices. While Hang
seng grew 0.42%, Nikkei fell 0.09% (as at 8.a.m. IST).
As per the last close, European markets ended higher amid easing
trade war concerns after the U.S. President suggested that a trade war
could be avoided through negotiations. However, decline in Eurozone
investor confidence in Apr and Germany’s weak exports data for Feb
capped the gains.
As per the last close, U.S markets ended modestly higher amid some
optimism after U.S. President showed some appeasing gesture towards
Chinese leadership. Gains in U.S. e-commerce and an aerospace major
also boosted the indices. However, reports that FBI has raided the office
of U.S.’s President’s personal lawyer weighed on the market sentiment.
Indian equity markets closed higher amid positive cues from Asian
counterparts. Investors shifted their focus from the ongoing concerns
over the trade war between U.S. and China to the upcoming quarterly
earnings season. Market participants also awaited the release of key
macroeconomic data scheduled later during the week.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.48% and
0.46%, respectively to close at 33,788.54 and 10,379.35. S&P BSE Mid-
Cap and S&P BSE Small-Cap grew 0.16% and 0.38%.
The overall market breadth on BSE was strong with 1,662 scrips
advancing and 1,060 scrips declining. A total of 184 scrips remained
On the BSE sectoral front, S&P BSE Consumer Durables was the major
gainer, up 1.7%, followed by S&P BSE Oil & Gas that grew 1.52%. S&P
BSE FMCG and S&P BSE Energy 1.15% and 1.14%, respectively. Among
the losers, S&P BSE Teck was the major loser down 0.99% followed by
S&P BSE Information Technology that fell 0.92%. S&P BSE Telecom and
S&P BSE Healthcare fell 0.51 and 0.26%, respectively.
FII Derivative Trade Statistics 09-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 1270.26 1477.97 15678.55
Index Options 54421.58 53480.70 59997.53
Stock Futures 8362.53 8421.05 76725.49
Stock Options 5048.51 5297.41 4318.86
Total 69102.88 68677.13 156720.43
09-Apr Prev_Day
Put Call Ratio (OI) 1.44 1.45 -0.01
Indian Debt Market
Put Call Ratio(Vol) 1.03 1.19 -0.15
09-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 5.91% 7.57% 5.89% 5.92%
CBLO 5.87% 6.24% 5.85% 5.80%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 6.00%
91 Day T-Bill 6.06% 6.09% 6.22% 5.90%
364 Day T-Bill 6.47% 6.40% 6.62% 6.12%
10 Year Gilt 7.23% 7.40% 7.67% 6.82%
G-Sec Vol. (Rs.Cr) 45982 37511 29326 36413
Currency Market Update
1 Month CP Rate NA NA 7.80% 6.51%
3 Month CP Rate 6.85% 7.40% 7.83% 6.74%
5 Year Corp Bond 7.96% 8.04% 8.11% 7.52%
1 Month CD Rate 6.41% 7.23% 7.09% 6.13%
3 Month CD Rate 6.70% 6.98% 7.13% 6.33%
1 Year CD Rate 7.05% 7.33% 7.44% 6.60%
Commodity Market Update
Currency 09-Apr Prev_Day
USD/INR 64.93 64.99 -0.06
GBP/INR 91.50 90.96 0.54
EURO/INR 79.69 79.51 0.17
International News
JPY/INR 0.61 0.61 0.00
Commodity 09-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 63.39 63.04 62.01 52.20
Brent Crude($/bl) 67.98 68.21 65.28 54.38
Gold( $/oz) 1336 1341 1324 1254
Gold(Rs./10 gm) 30526 30443 30369 28845
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
10 April 2018
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields rose for the second consecutive session as the increase in
limits for foreign investment in government securities was lower than
what market had anticipated.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 6 bps to
close at 7.23% from the previous close of 7.17%. During the session,
bond yields traded in the range of 7.15% and 7.24%.
Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,535 crore (gross) on Apr 9 compared with Rs.
3,685 crore on Apr 6. Sale of securities under Reserve Bank of India’s
(RBI) reverse repo window stood at Rs. 34,485 crore on Apr 6.
Banks borrowed Rs. 1,300 crore under the central bank’s Marginal
Standing Facility on Apr 6 compared with no borrowing on Apr 5.
According to a report from the U.S. Federal Reserve, growth in U.S.
consumer credit missed market expectations. It grew $10.6 billion in Feb
2018 as against $15.6 billion ($13.9 billion increase originally reported)
in Jan 2018. The contributor to the slow-down was primarily non-
revolving credit that grew by only $10.5 billion in Feb compared with an
increase of $14.1 billion in Jan.
According to a report from the Sentix, eurozone’s investor sentiment
index fell to 19.6 in Apr 2018 from 24.0 in Mar 2018. This marked third
consecutive decline amid trade war fears and significant fall in economic
Markets for You
Nifty Apr 2018 Futures were at 10393.90 points, a premium of 14.55
points, over the spot closing of 10,379.35. The turnover on NSE’s Futures
and Options segment went up from Rs. 4,65,313.10 crore on Apr 6 to Rs.
4,89,832.89 crore on Apr 9.
The Put-Call ratio, stood at 0.92 against previous session’s close of
The Nifty Put-Call ratio stood at 1.44 against the previous session’s
close of 1.45.
Open interest on Nifty Futures stood at 24.01 million as against the
previous session’s close of 23.58 million.
The Indian rupee dropped marginally against the U.S. dollar, amid
reports that China was evaluating yuan devaluation as an option in
offsetting ongoing trade tensions with the U.S.
Euro gained for the second consecutive session against the U.S. dollar
despite German exports plunged in Feb 2018 and recorded its biggest
monthly fall in more than two years and a survey showed that investor
morale in the euro zone declined for the third month in Apr 2018.
Gold prices traded marginally lower as investors awaited the U.S.
inflation data and the minutes of U.S. Fed’s latest meeting.
Brent Crude prices traded higher after a private survey showed that the
crude oil production by the OPEC fell by 170,000 bpd in Mar 2018 to
32.04 million bpd.
Thank you for
your time.