11 Apr 2018
Markets for You
Global Indices
Global Indices 10-Apr Prev_Day Abs. Change
% Change
#
Dow Jones 24,408 23,979 429 1.79
Nasdaq 7,094 6,950 144 2.07
FTSE 7,267 7,195 72 1.00
Nikkei 21,794 21,678 116 0.54
Hang Seng 30,729 30,230 499 1.65
Indian Indices 10-Apr Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 33,880 33,789 92 0.27
Nifty 50 10,402 10,379 23 0.22
Nifty 100 10,810 10,793 18 0.17
Nifty Bank 25,227 25,094 133 0.53
SGX Nifty 10,429 10,381 48 0.46
S&P BSE Power 2,205 2,196 8 0.38
S&P BSE Small Cap 17,948 17,951 -4 -0.02
S&P BSE HC 13,643 13,650 -7 -0.05
Date P/E Div. Yield P/E Div. Yield
10-Apr 23.41 1.15 25.82 1.23
Month Ago 22.91 1.18 24.97 1.28
Year Ago 22.53 1.37 23.28 1.25
Nifty 50 Top 3 Gainers
Company 10-Apr Prev_Day
% Change
#
Axis Bank 546 519 5.17
Hindalco 230 221 3.91
ICICI Bank 289 281 2.83
Nifty 50 Top 3 Losers Domestic News
Company 10-Apr Prev_Day
% Change
#
Hero Moto 3718 3799 -2.12
Indiabulls HFC 1325 1346 -1.58
Tata Motors 353 358 -1.41
Advance Decline Ratio
BSE NSE
Advances 1264 851
Declines 1444 952
Unchanged 132 65
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 13118
MF Flows** 36344
*10
th
Apr 2018; **5
th
Apr 2018
Economic Indicator
YoY(%) Current Year Ago
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)
11 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
Sensex
Nifty
1.80%
(Oct-17)
6.50%
(Sep-17)
Quarter Ago
Inflow/Outflow
984
-1285
4.02%
(Nov-17)
• Data from the Society of Indian Automobile Manufacturers (SIAM)
showed that the sales of passenger vehicles grew 6.38% to 30,0722 units
in Mar 2018 as against 282,698 units in the same month of the previous
year. Sales of commercial vehicles too grew 24.6% to 10,8681 units as
against 87,258 units in the Mar 2017. Sales of vehicles across the
categories witnessed a growth of 18.23% to 2,223,517 units from
1,880,592 units in Mar 2017. For the fiscal year ended Mar 31, 2018,
sales of domestic passenger vehicles grew 7.89% to 3,287,965 units as
against 3,047,582 units in the same month of the previous year.
• According to media reports, the Ministry of Micro Small and Medium
Enterprises is expected to sign an agreement with Goods and Services
Tax (GST) Network for sharing of data associated with small and medium
enterprises. The sharing of data will help the government reach out to a
wide gamut of small and medium enterprises and make them aware of
the benefits given by the government schemes. In addition, such small
and medium enterprises would be able to avail loans at a lower cost.
• According to media reports, the Ministry of Finance has set up a panel
that will consider proposals from different ministries and departments to
raise Extra Budgetary Resources (EBR) for funding of infrastructure and
social sector schemes. Before deciding the aggregate amount of EBR to
be raised, the panel will ascertain the requirement of project funds,
progress of schemes and availability of budgetary resources.
• A domestic credit rating agency has upwardly revised its outlook on
the retail credit growth of non-banking financial companies to about 17%
to 19% for FY18. The rating agency forecasted that the growth trend will
sustain in the current fiscal as well. The rating agency noted that credit
growth fell and remained subdued which it attributed to uncertainties
associated with the impact of GST. However, as the GST stabilized, credit
growth rose sharply in the fourth quarter of FY18.
Markets for You
• Asian markets mostly traded up after the Chinese President hinted to
lower import tariffs on products and consider other measures to support
the region’s economy. This has also reduced concerns over global trade
war. Japan's consumer confidence data also remained steady at the end
of the first quarter. Today (As of Apr 11), Asian markets opened mixed.
Gains in Wall Street post signs of easing trade war concerns boosted the
indices. Meanwhile, investors awaited China’s consumer inflation data
due later during the day. While Hang seng grew 0.04%, Nikkei fell 0.20%
(as at 8.a.m. IST).
• As per the last close, European markets ended higher after China’s
President pursued to soothe investor concerns over trade war between
U.S. and China. Gains in auto stocks further boosted the indices.
• As per the last close, U.S markets ended higher amid optimism after
China’s President discussed plans to further open up the country's
economy, with measures like lowering import tariffs on autos. Gains in
energy, steel and semiconductor stocks further boosted the indices.
• Indian equity markets closed higher as concerns over trade war
receded after China’s President stated that it wants to ease trade
tensions with the U.S. by raising foreign investment limits in automobile
and aircraft industries. Meanwhile, banking stocks gained after chief
executive of a major private-sector bank announced to step down.
Further, market participants awaited the release of key macroeconomic
and upcoming quarterly earnings season.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.27% and
0.22% to close at 33,880.25 and 10,402.25, respectively. S&P BSE Mid-
Cap grew 0.18% and S&P BSE Small-Cap fell 0.02%.
• The market breadth on BSE was weak with 1,444 scrips declining and
1,264 scrips advancing. A total of 132 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Metal was the major gainer, up
2.0%, followed by S&P BSE Realty that grew 1.25%. S&P BSE Capital
Goods and S&P BSE Bankex 1.08% and 0.93%, respectively. Among the
losers, S&P BSE Auto was the major loser down 0.65% followed by S&P
BSE Consumer Discretionary Goods & Services that fell 0.35%. S&P BSE
Healthcare and S&P BSE FMCG fell 0.05% and 0.02%, respectively.
FII Derivative Trade Statistics 10-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 1455.17 1687.03 15899.40
Index Options 57137.30 55746.17 61182.25
Stock Futures 8174.33 8632.45 77286.11
Stock Options 5108.52 5120.44 4839.67
Total 71875.32 71186.09 159207.43
10-Apr Prev_Day
Change
Put Call Ratio (OI) 1.47 1.44 0.04
Indian Debt Market
Put Call Ratio(Vol) 1.09 1.03 0.06
10-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 5.89% 5.93% 5.89% 5.94%
CBLO 5.96% 5.68% 5.85% 5.81%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 6.00%
91 Day T-Bill 6.05% 5.83% 6.22% 5.95%
364 Day T-Bill 6.48% 6.39% 6.62% 6.13%
10 Year Gilt 7.38% 7.33% 7.67% 6.86%
G-Sec Vol. (Rs.Cr) 52728 39408 29326 23256
Currency Market Update
1 Month CP Rate NA NA 7.80% 6.50%
3 Month CP Rate 6.85% 6.75% 7.83% 6.75%
5 Year Corp Bond 8.18% 8.01% 8.11% 7.56%
1 Month CD Rate 6.35% 6.34% 7.09% 6.13%
3 Month CD Rate 6.34% 6.54% 7.13% 6.35%
1 Year CD Rate 7.29% 7.13% 7.44% 6.62%
Commodity Market Update
Currency 10-Apr Prev_Day
Change
USD/INR 64.94 64.93 0.01
GBP/INR 91.75 91.50 0.25
EURO/INR 79.90 79.69 0.22
International News
JPY/INR 0.61 0.61 0.00
Commodity 10-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 65.43 63.40 62.01 53.01
Brent Crude($/bl) 70.09 66.28 65.28 54.93
Gold( $/oz) 1339 1332 1324 1254
Gold(Rs./10 gm) 30624 30684 30369 28697
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
11 April 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields jumped for the third consecutive session as market
participants lowered positions amid fresh supply from the auction of
state development loans.
• Yield on the 10-year benchmark paper (7.17% GS 2028) surged 15 bps
to close at 7.38% from the previous close of 7.23%. During the session,
bond yields traded in the range of 7.23% and 7.38%.
• The Reserve Bank of India (RBI) conducted the auction of state
development loans of 13 state governments for a notified amount of Rs.
19,700 crore for which Rs. 18,778.1 crore amount was accepted. The
cut-off yield stood in the range of 7.55% to 8.00%. Andhra Pradesh and
Haryana accepted partial amount of Rs. 1,553.1 crore and Rs. 525 crore,
respectively.
• Banks borrowed Rs. 1,600 crore under the central bank’s Marginal
Standing Facility on Apr 9 compared with Rs. 1,300 crore borrowing on
Apr 6.
• According to a report from the IHS Markit and the Recruitment &
Employment Confederation, U.K.’s permanent staff placements
witnessed a sharp growth in Mar 2018 and the pace of growth grew
fractionally since Feb 2018. However, temporary billings grew at the
weakest pace over a year. Due to a weaker upturn in temporary staff
positions, demand for staff grew at the softest pace for 15 months.
• According to a report from the statistical office Insee, France’s
industrial production grew 1.2% MoM in Feb 2018 as against a decline of
1.8% in Jan 2018. This marked the fastest growth in four months.
However, it missed market expectations.
Markets for You
• Nifty Apr 2018 Futures were at 10,421.50 points, a premium of 19.25
points, over the spot closing of 10,402.25. The turnover on NSE’s Futures
and Options segment went up from Rs. 4,89,832.89 crore on Apr 9 to Rs.
5,22,640.99 crore on Apr 10.
• The Put-Call ratio stood at 1.00 against previous session’s close of 0.92.
• The Nifty Put-Call ratio stood at 1.47 against the previous session’s
close of 1.44.
• India VIX moved down 2.38% to 14.5125 from 14.8675 in the previous
trading session.
• Open interest on Nifty Futures stood at 24.28 million as against the
previous session’s close of 24.01 million.
• The Indian rupee was almost steady against the U.S. dollar as
greenback purchases by state-run banks neutralized early gains from
improved risk appetite following Chinese President’s speech. The rupee
rose 0.05% to close at 64.99 per dollar from the previous close of 65.02.
• Euro rose against the weak U.S. dollar as risk appetite improved after
the Chinese President’s promise to cut import tariffs eased concerns over
a global trade conflict. Euro was trading at $1.2349 compared with the
previous close of $1.2319.
• Gold prices traded higher as safe haven appeal boosted amid
heightened tension between U.S. and Russia.
• Brent crude prices traded higher amid growing concerns over U.S.
military activity in Syria, which may hamper the oil supplies from the
region.
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