16 Apr 2018
Markets for You
Global Indices
Global Indices 13-Apr Prev_Day Abs. Change
% Change
#
Dow Jones 24,360 24,483 -123 -0.50
Nasdaq 7,107 7,140 -34 -0.47
FTSE 7,265 7,258 6 0.09
Nikkei 21,779 21,660 118 0.55
Hang Seng 30,808 30,831 -23 -0.07
Indian Indices 13-Apr Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,193 34,101 92 0.27
Nifty 50 10,481 10,459 22 0.21
Nifty 100 10,879 10,860 19 0.17
Nifty Bank 25,201 25,195 6 0.02
SGX Nifty 10,525 10,497 28 0.27
S&P BSE Power 2,200 2,193 7 0.34
S&P BSE Small Cap 17,982 17,935 47 0.26
S&P BSE HC 13,680 13,604 76 0.56
Date P/E Div. Yield P/E Div. Yield
13-Apr 23.53 1.14 26.01 1.22
Month Ago 23.39 1.16 25.45 1.25
Year Ago 22.62 1.36 23.20 1.26
Nifty 50 Top 3 Gainers
Company 13-Apr Prev_Day
% Change
#
Adani Ports & SEZ 383 372 2.89
Tech Mahindra 672 653 2.87
Wipro 294 287 2.54
Nifty 50 Top 3 Losers Domestic News
Company 13-Apr Prev_Day
% Change
#
BPCL 405 419 -3.16
Bosch 19566 20179 -3.04
HCL Tech 991 1010 -1.86
Advance Decline Ratio
BSE NSE
Advances 1291 881
Declines 1434 926
Unchanged 134 81
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 13314
MF Flows** 38224
*13
th
Apr 2018; **11
th
Apr 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
4.28%
(Mar-18)
3.89%
(Mar-17)
IIP
7.10%
(Feb-18)
0.80%
(Feb-17)
GDP
7.20%
(Dec-17)
6.80%
(Dec-16)
16 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
8.50%
(Nov-17)
6.50%
(Sep-17)
Quarter Ago
Inflow/Outflow
-6
470
5.21%
(Dec-17)
• India’s export during the month of Mar 2018 fell 0.66% YoY to $29.11
billion from $29.30 billion in Mar 2017. Meanwhile, import grew 7.51%
YoY to $42.80 billion in Mar 2018 from $39.95 billion in the same period
of the previous year. Trade deficit widened to $13.69 billion in Mar 2018
as against $10.65 billion in Mar 2017 and $12.0 billion in Feb 2018.
• As an effort to boost inflows from overseas investors, the Securities
and Exchange Board of India (SEBI) has decided to raise the investment
limit for foreign portfolio investors (FPIs) in central government
securities and corporate bonds. The limit will be enhanced in two
tranches.
• The Securities and Exchange Board of India has asked the mutual funds
to unveil the weighted average performance of the new as well as the
old products. This comes in as a measure to standardise performance
disclosure of schemes after merger. Currently there are no specific
guidelines to govern the method of disclosure of performance of the
surviving schemes post-merger.
• Accelerating the process involved, Cabinet Committee on Economic
Affairs (CCEA) announced that finance and petroleum ministers are now
permitted to award oil and gas exploration blocks to successful bidders.
Currently, CCEA’s approval is required for awarding blocks under the
Hydrocarbon Exploration Licensing Policy (HELP).
• Infosys Ltd. reported rise in net profit by 2.4% YoY to Rs 36.90 billion in
the quarter ended Mar 2018 compared with Rs 36.03 billion in the same
period a year earlier. However, in quarterly terms, the company
recorded 28% decline in net profit against Rs 51.29 billion posted in Dec
2017.
• Tata Steel posted decline in net sales by 6.23% to 3.01 million tonnes
(mt) in the quarter ended Mar 2018 compared with 3.21 mt in the same
period last year It posted 4.06% drop in production to 3.07 mt compared
with 3.20 mt QoQ.
Markets for You
• Asian markets largely remained positive as concerns over trade war
between U.S. and China continued to recede, helping investors gain
confidence. Meanwhile, mixed Chinese trade data and uncertainty over
the timing of U.S. attack in Syria restricted market gains. Today (As of Apr
16), Asian markets opened mixed. Soft lead from Wall Street and
elevated geopolitical tensions weighed on the market sentiment.
However, gains in pharma and precision machinery stocks boosted the
indices. While Hang seng fell 0.92%, Nikkei grew 0.22% (as at 8.a.m. IST).
• As per the last close, European markets ended higher as investors were
encouraged with strong results of U.S. bank majors and amid gains in
basic resources stocks. However, weak U.S. consumer sentiment report
for Apr 2018 weighed on the market sentiment.
• As per the last close, after initial rise U.S markets ended lower likely
after a report from University of Michigan showed a bigger than
expected drop in consumer sentiment in Apr 2018, thereby weighing on
the market sentiments. Also, decline in banking stocks despite strong
results added to losses.
• Indian equity markets closed higher amid optimism over the health of
domestic economy, backed by strong macro-economic numbers. Official
data showed that retail inflation eased to a five-month low in Mar 2018.
Additionally, the factory output data grew at a robust rate of 7.1% in Feb
2018, YoY, albeit at a marginally slower pace compared with the
preceding month. Strong buying interest in an Indian conglomerate
major, post- acquisition of artificial intelligence based education platform
further boosted the indices. Meanwhile, markets participants eagerly
awaited the quarterly earnings number from an information technology
major, scheduled post market.
• However, gains were restricted as U.S. President’s latest comment cast
a shadow of uncertainty regarding the timing of U.S. military strike on
Syria.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.27% and
0.21%, respectively to close at 34,192.65 and 10,480.60. S&P BSE Mid-
Cap and S&P BSE Small-Cap grew 0.46% and 0.26%, respectively.
• On the BSE sectoral front, S&P BSE Metal was the major gainer, up
1.00%, followed by S&P BSE Basic Materials that grew 0.64%.
FII Derivative Trade Statistics 13-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 2135.10 1819.84 16138.72
Index Options 104444.72 103678.93 67222.15
Stock Futures 8620.26 8375.23 79321.16
Stock Options 5954.32 5965.21 6273.64
Total 121154.40 119839.21 168955.67
13-Apr Prev_Day
Change
Put Call Ratio (OI) 1.63 1.61 0.02
Indian Debt Market
Put Call Ratio(Vol) 1.26 1.32 -0.06
13-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 5.86% 5.89% 5.86% 5.96%
CBLO 4.86% 5.79% 5.73% 4.86%
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% 6.08% 6.05% 5.93%
364 Day T-Bill 6.47% 6.45% 6.54% 6.16%
10 Year Gilt 7.43% 7.17% 7.65% 6.82%
G-Sec Vol. (Rs.Cr) 37876 55428 26628 47042
Currency Market Update
FBIL MIBOR 6.00% 6.00% 6.00% 6.10%
3 Month CP Rate 6.90% 6.85% 7.74% 6.73%
5 Year Corp Bond 8.13% 7.89% 8.03% 7.44%
1 Month CD Rate 6.47% 6.11% 7.08% 6.12%
3 Month CD Rate 6.67% 6.66% 7.03% 6.35%
1 Year CD Rate 7.30% 7.12% 7.41% 6.70%
Commodity Market Update
Currency 13-Apr Prev_Day
Change
USD/INR 65.22 65.35 -0.13
GBP/INR 92.77 92.70 0.07
EURO/INR 80.34 80.80 -0.46
International News
JPY/INR 0.61 0.61 -0.01
Commodity 13-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 67.30 62.02 60.68 53.14
Brent Crude($/bl) 73.62 65.70 64.19 55.23
Gold( $/oz) 1345 1333 1326 1287
Gold(Rs./10 gm) 30874 30396 30238 29313
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
16 April 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields fell as investors resorted to short covering due to recent
decline in bond prices. However, broader market sentiments remained
subdued due to increase in global crude oil prices and supply of
government securities arising out of debt auctions held this week.
• Yield on the 10-year benchmark paper (7.17% GS 2028) fell 4 bps to
close at 7.43% from the previous close of 7.47%. During the session,
bond yields traded in the range of 7.42% and 7.52%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,585 crore (gross) on Apr 13 compared with
Rs. 2,760 crore on Apr 12. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 51,860 crore on Apr 12.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on Apr 12 compared with Rs. 1 crore borrowing on Apr 11.
• According to report from the Labor Department, U.S. initial jobless
claims decreased by 9,000 to 233,000 in the week ended Apr 7 from
previous week's level of 242,000. However, the less volatile four-week
moving average increased by 1,750 to 230,000 from the previous week's
average of 228,250.
• According to a report by the Labor Department, U.S. import prices
stood unchanged in Mar 2018 after increasing 0.3% in Feb 2018.
Meanwhile, export prices increased 0.3% in Mar after rising 0.2% in the
previous month.
Markets for You
• Nifty Apr 2018 Futures were at 10490.40 points, a premium of 9.80
points, over the spot closing of 10,480.60. The turnover on NSE’s Futures
and Options segment went down from Rs. 13,58,258.11 crore on Apr 12
to Rs. 5,78,452.57 crore on Apr 13.
• The Put-Call ratio remained unchanged at 1.00 against previous close of
0.90.
• The Nifty Put-Call ratio stood at 1.63 against the previous close of 1.61.
• India VIX moved down 2.88% to 14.1400 from 14.5225 in the previous
trading session.
• Open interest on Nifty Futures stood at 27.25 million as against the
previous session’s close of 26.49 million.
• The Indian rupee initially fell against the U.S. dollar amid rise in global
crude oil prices but soon losses reversed and it posted a marginal gain
following rise in domestic equity market.
• The euro was steady against the U.S. dollar but showed a weekly uptick
supported by comments from European Central bank officials that
reinforced expectations towards monetary policy normalisation.
• Gold prices moved up as safe-haven appeal of the metal got support
because of geopolitical tension in Syria and political concerns between
U.S. and Russia.
• Brent crude prices moved up following geopolitical tension in Syria.
Thank you for
your time.