17 Apr 2018
Markets for You
Global Indices
Global Indices 16-Apr Prev_Day Abs. Change
% Change
#
Dow Jones 24,573 24,360 213 0.87
Nasdaq 7,156 7,107 50 0.70
FTSE 7,198 7,265 -66 -0.91
Nikkei 21,836 21,779 57 0.26
Hang Seng 30,316 30,808 -493 -1.60
Indian Indices 16-Apr Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,305 34,193 113 0.33
Nifty 50 10,528 10,481 48 0.46
Nifty 100 10,929 10,879 50 0.46
Nifty Bank 25,321 25,201 120 0.48
SGX Nifty 10,546 10,525 21 0.19
S&P BSE Power 2,215 2,200 15 0.67
S&P BSE Small Cap 18,082 17,982 100 0.56
S&P BSE HC 13,831 13,680 151 1.11
Date P/E Div. Yield P/E Div. Yield
16-Apr 23.62 1.14 26.13 1.22
Month Ago 22.93 1.18 24.87 1.28
Year Ago 22.62 1.36 23.20 1.26
Nifty 50 Top 3 Gainers
Company 16-Apr Prev_Day
% Change
#
Cipla 585 556 5.30
United Phos 764 747 2.21
Ambuja Cem 242 237 2.11
Nifty 50 Top 3 Losers Domestic News
Company 16-Apr Prev_Day
% Change
#
Tata Motors 339 357 -5.01
Infosys 1133 1171 -3.27
Wipro 290 294 -1.44
Advance Decline Ratio
BSE NSE
Advances 1211 865
Declines 1463 954
Unchanged 202 79
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 13230
MF Flows** 38744
*16
th
Apr 2018; **13
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)
17 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
599
-84
5.21%
(Dec-17)
• Indian equity markets closed higher as investors’ sentiment got a boost
after India’s wholesale inflation eased to an eight-month low in Mar
2018. Also, the continued optimism over the last week’s five-month low
retail inflation data for Mar 2018 added to the gains. However, decline in
information technology stocks amid fall in stock of an Information
technology major capped the gains. Forecast of operating margins for
FY19 by the IT major came in below market expectations. Additionally,
soft Asian markets due to tensions between the U.S. and Russia over
Syria weighed on market sentiment.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.33% and
0.46%, respectively to close at 34,305.43 and 10,528.35. S&P BSE Mid-
Cap and S&P BSE Small-Cap grew 0.34% and 0.56%, respectively.
• On the BSE sectoral front, S&P BSE Realty was the major gainer, up
1.82%, followed by S&P BSE Healthcare that grew 1.11%. S&P BSE FMCG
and S&P BSE Basic Materials grew 0.96% and 0.78%, respectively.
• Government data showed that India’s Wholesale Price Index-based
inflation (WPI) slowed to an eight-month low of 2.47% in Mar 2018 from
a provisional 2.48% in the previous month and 5.11% YoY. Wholesale
inflation grew at a slower pace due to decline in prices of pulses and
fibre. Significant slowdown in fuel & power prices also helped ease
inflation. The WPI Food Index also decreased to -0.07% in Mar 2018 to
0.07% in Feb 2018.
• According to the new guidelines issued by the Personnel Ministry,
government employees shall be allowed to go abroad during the child
care leave. Also, during this period, the employees they would be
allowed to take the advantage of Leave Travel Concession (LTC).
• The India Meteorological Department (IMD) expects 97% normal
monsoon for 2018-19. According to IMD, this is expected to be the third
year in a row with very low chances of rain deficit. The announcement is
expected to be a good news for the rural economy.
• The charging batteries of electric vehicles has been categorised as a
service by the power ministry. With this announcement, such stations
can operate without licence. Also, it would encourage the use of e-
vehicles.
• Glenmark is aiming rise in revenue in the domestic market by 12% to
15% following launch of differentiated products and expansion of over-
the-counter (OTC) offerings.
• Cognizant with leading Indian life insurers will develop a blockchain
solution to enable cross-company data-sharing which will reduce the risk
of data breaches, fraud and money-laundering. The solution will also
help deliver superior experience to customers through improved process
efficiency, better record-keeping, and accelerated turnaround time.
• Ola announced its plan ‘Mission: Electric’ under which it would bring 1
million electric vehicles on its platform by 2021.
Markets for You
• Asian markets largely remained weak amid geopolitical tension
following U.S.-led airstrikes on Syria over the last weekend. Chinese
markets fell on concerns that growing risks in the financial system could
weigh on economic growth outlook of the nation. Today (As of Apr 17),
Asian markets opened lower as investors remained cautious ahead of
release of China’s industrial production and other key economic data.
Hang seng and Nikkei fell 0.51% and 0.27%, respectively (as at 8.a.m.
IST).
• As per the last close, European markets ended lower as investors
remained cautious after coalition airstrikes in Syria despite accepting
that the strikes were a one-time event. Also, reports that U.S. has
revealed that it will be imposing new economic sanctions on Russia
weighed on the market sentiment. Decline in some of the European
majors weighed on the indices.
• As per the last close, U.S markets ended higher amid optimism over
strong corporate results from a couple of the U.S majors. Strong retail
sales growth data for Mar 2018 also boosted investor sentiment.
FII Derivative Trade Statistics 16-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 1902.08 2150.77 16854.46
Index Options 70432.79 70239.48 70280.56
Stock Futures 8448.88 7613.17 79430.59
Stock Options 7096.15 7160.42 6799.35
Total 87879.90 87163.84 173364.96
16-Apr Prev_Day
Change
Put Call Ratio (OI) 1.66 1.63 0.02
Indian Debt Market
Put Call Ratio(Vol) 1.42 1.26 0.15
16-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 5.93% 5.91% 5.97% 5.96%
CBLO 5.91% 5.87% 5.29% 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 6.07% 6.06% 6.12% 5.93%
364 Day T-Bill 6.47% 6.47% 6.44% 6.16%
10 Year Gilt 7.49% 7.23% 7.56% 6.82%
G-Sec Vol. (Rs.Cr) 32900 45982 40873 47042
Currency Market Update
FBIL MIBOR 6.00% 6.00% 5.99% 6.10%
3 Month CP Rate 6.90% 6.85% 7.31% 6.73%
5 Year Corp Bond 8.19% 7.96% 7.94% 7.44%
1 Month CD Rate 6.51% 6.41% 6.80% 6.12%
3 Month CD Rate 6.63% 6.70% 6.69% 6.35%
1 Year CD Rate 7.28% 7.05% 7.26% 6.70%
Commodity Market Update
Currency 16-Apr Prev_Day
Change
USD/INR 65.45 65.22 0.23
GBP/INR 93.28 92.77 0.50
EURO/INR 80.74 80.34 0.40
International News
JPY/INR 0.61 0.61 0.00
Commodity 16-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 66.18 63.39 62.28 53.14
Brent Crude($/bl) 72.49 67.98 64.32 55.23
Gold( $/oz) 1346 1336 1313 1285
Gold(Rs./10 gm) 31049 30526 30299 29313
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
17 April 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Apr 2018 Futures were at 10,542.90 points, a premium of 14.55
points, over the spot closing of 10,528.35. The turnover on NSE’s
Futures and Options segment went down from Rs. 5,78,452.57 crore on
Apr 13 to Rs. 5,16,837.82 crore on Apr 16.
• The Put-Call ratio stood at 1.05 against previous session’s close of
1.00.
• The Nifty Put-Call ratio stood at 1.66 against the previous session’s
close of 1.63.
• Open interest on Nifty Futures stood at 27.57 million as against the
previous session’s close of 27.25 million.
• Bond yields rose as higher U.S. Treasury yields and geopolitical
tensions weighed on the domestic debt market.
• Yield on the 10-year benchmark paper (7.17% GS 2028) rose 6 bps to
close at 7.49% from the previous close of 7.43%. During the session,
bond yields traded in the range of 7.40% and 7.49%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 8,610 crore (gross) on Apr 16 compared with
Rs. 4,585 crore on Apr 13. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 32,599 crore on Apr 13.
• Banks borrowed Rs. 1,380 crore under the central bank’s Marginal
Standing Facility on Apr 13 compared with no borrowing on Apr 12.
• RBI conducted a 7-day variable rate reverse repo auction for a notified
amount of Rs. 35,000 crore for which Rs. 1,333 crore was allotted at a
cut-off rate of 5.99%.
• The Indian rupee weakened and touched more than 6-month low
against the U.S. dollar as risk appetite dampened, pulled by uncertainty
around U.S. trade policies. Greenback demand from importers increased
losses. The rupee fell 0.44% to close at 65.49 from the previous close of
65.20.
• Euro rose against the U.S dollar on growing signs of relief that a U.S.-led
strike on Syria would not escalate further at a time when concerns over a
trade war has upset global markets. Euro was trading at $1.2386
compared with the previous close of $1.2329.
• Gold prices traded higher, backed by strong safe haven appeal, amid
ongoing geopolitical tension between the U.S. and Russia.
• Brent crude prices fell 1.53% following growing concerns over U.S.
shale production.
• According to preliminary report from the University of Michigan, U.S.
consumer sentiment index fell more than expected to 97.8 for Apr 2018
compared to the final reading of 101.4 in Mar 2018. The decline was
partly due to a notable drop of the current economic conditions index to
115.0 in Apr from 121.2 in Mar and fall in index of consumer
expectations to 86.8 in Apr from 88.8 in the previous month.
• According to data from Destatis, Germany’s manufacturing
employment rose 2.7% MoM to 5.6 million at the end of Feb 2018. The
number of hours worked rose 1.4% annually to EUR 703 million and
earnings rose 4.2% to EUR 22.1 billion.
Markets for You
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