19 Apr 2018
Markets for You
Global Indices
Global Indices 18-Apr Prev_Day Abs. Change
% Change
#
Dow Jones 24,748 24,787 -39 -0.16
Nasdaq 7,295 7,281 14 0.19
FTSE 7,317 7,226 91 1.26
Nikkei 22,158 21,848 311 1.42
Hang Seng 30,284 30,063 222 0.74
Indian Indices 18-Apr Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,332 34,395 -63 -0.18
Nifty 50 10,526 10,549 -23 -0.21
Nifty 100 10,928 10,950 -22 -0.20
Nifty Bank 25,102 25,334 -232 -0.92
SGX Nifty 10,580 10,571 10 0.09
S&P BSE Power 2,246 2,242 4 0.17
S&P BSE Small Cap 18,066 18,132 -66 -0.37
S&P BSE HC 13,736 13,802 -65 -0.47
Date P/E Div. Yield P/E Div. Yield
18-Apr 23.60 1.14 26.13 1.22
Month Ago 22.93 1.18 24.87 1.28
Year Ago 22.35 1.39 23.08 1.26
Nifty 50 Top 3 Gainers
Company 18-Apr Prev_Day
% Change
#
ITC 275 268 2.90
Wipro 293 285 2.77
Zee Ente. 588 575 2.22
Nifty 50 Top 3 Losers Domestic News
Company 18-Apr Prev_Day
% Change
#
HPCL 320 330 -3.17
Axis Bank 518 532 -2.66
Lupin 791 805 -1.80
Advance Decline Ratio
BSE NSE
Advances 1131 697
Declines 1563 1110
Unchanged 145 70
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 11742
MF Flows** 39068
*18
th
Apr 2018; **16
th
Apr 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
2.47%
(Mar-18)
5.11%
(Mar-17)
IIP
7.10%
(Feb-18)
0.80%
(Feb-17)
GDP
7.20%
(Dec-17)
6.80%
(Dec-16)
19 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
8.50%
(Nov-17)
6.50%
(Sep-17)
Quarter Ago
Inflow/Outflow
324
-1140
3.58%
(Dec-17)
• After witnessing strong buying activities for most part of the session,
Indian equity markets reversed the trend in the fag end to close in the
red. Investors rushed to book profit in the last phase after witnessing
strong performance in the preceding nine sessions. Meanwhile, foreign
fund outflow from the domestic markets weighed on market sentiment.
But losses were arrested after the International Monetary Fund said India
could grow at 7.4% in 2018 and 7.8% in 2019, surpassing China.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.18% and
0.21% to close at 34,331.68 and 10,526.20, respectively. S&P BSE Mid-cap
and S&P BSE Small-cap fell 0.07% and 0.37%, respectively.
• On the BSE sectoral front, majority of the indices remained weak. S&P
BSE Consumer Durables was the major loser, down 1.18%, followed by
S&P BSE Bankex and S&P BSE Energy, which fell 0.85% and 0.81%,
respectively. Meanwhile, S&P BSE FMCG was the top gainer, up 1.57%,
followed by S&P BSE Telecom and S&P BSE Realty, which rose 0.50% and
0.49%, respectively.
• The International Monetary Fund (IMF) maintained its growth
projections for the Indian economy at 7.4% for 2018 and 7.8% for 2019.
This is higher than that of China for which IMF projected a growth of 6.6%
in 2018 and 6.4% in 2019. According to IMF, structural reforms, pick up in
private investments, implementation of the Goods and Services Tax (GST)
and fading impact of demonetization will lend support to the growth
prospects of the domestic economy. However, IMF expressed concerns
regarding corporate debt overhang and bad loans in the banking sector.
IMF also underlined the importance of improving governance in state run
banks and advocated the need of a more inclusive growth.
• IMF kept its forecasts for global growth unchanged at 3.9% for both
2018 and 2019. IMF warned that trade restrictions and counter
restrictions may adversely affect the growth prospects of the global
economy and urged both U.S. and China to discuss and resolve their trade
disputes accordingly. IMF added that global growth may come down in
the next couple of years as aging population and subdued productivity
may hamper the growth prospect of advanced economies.
• Data from the Directorate General of Civil Aviation showed that
passenger flown by domestic airlines grew 28.03% in Mar 2018 compared
with the same period of the previous year. Domestic airlines carried 11.6
million passengers in Mar 2018 up from 9.0 million in Mar 2017.
• Online store Flipkart has announced partnership with Taiwan-based
Asus for exclusive launches of smart phones. The partnership deal aims to
acquire at least 40% share of the domestic handset market by 2020.
• As per media reports, Maruti Suzuki India Limited dominates the
domestic utility vehicle market with 27.5% share in FY18.
• As per media reports, Tata Steel has raised around $1.9 billion through
syndicated loans for its Singapore units to refinance existing high-cost
debt.
Markets for You
• Asian markets traded up following positive cues from overnight U.S.
markets and weaker yen. Easing tension in the Korean Peninsula and
optimism surrounding the outcome of a meeting between Japanese Prime
Minister and U.S. President further helped sentiment. Also, China's
Central Bank lowered the reserve requirement ratio for most commercial
banks. Today (As of Apr 19), Asian markets opened in green following
gains in the U.S. Wall Street amid strong corporate results. Both Nikkei
and Hang Seng grew 0.65% and 0.95%, respectively (as at 8.a.m. IST).
• As per the last close, European markets ended higher following strong
boost in commodity stocks and weakening of pound amid fall in U.K.
inflation data in Mar 2018. However, fall in euro auto sales in Mar
weighed on auto stocks. Lower than estimated eurozone inflation data in
Mar also weighed on market sentiments.
• As per the last close, U.S markets ended mostly higher following strong
corporate earnings in the first quarter of 2018 and rise in crude oil prices.
However, disappointing earnings from a multi-national technology
company weighed on the Dow Jones.
FII Derivative Trade Statistics 18-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 1753.72 1517.09 18517.83
Index Options 71557.90 71010.41 73727.01
Stock Futures 8070.40 8502.28 80849.05
Stock Options 6133.61 6047.13 7040.80
Total 87515.63 87076.91 180134.69
18-Apr Prev_Day
Change
Put Call Ratio (OI) 1.60 1.64 -0.04
Indian Debt Market
Put Call Ratio(Vol) 1.20 1.30 -0.10
18-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 5.88% 5.87% 5.97% 5.93%
CBLO 5.88% 5.86% 5.29% 6.06%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 6.00%
91 Day T-Bill 6.10% 6.07% 6.12% 6.00%
364 Day T-Bill 6.51% 6.41% 6.44% 6.15%
10 Year Gilt 7.54% 7.54% 7.56% 6.86%
G-Sec Vol. (Rs.Cr) 23991 43870 40873 39444
Currency Market Update
FBIL MIBOR 6.00% 6.00% 5.99% 6.15%
3 Month CP Rate 6.90% 6.90% 7.31% 6.74%
5 Year Corp Bond 8.23% 8.17% 7.94% 7.44%
1 Month CD Rate 6.46% 6.40% 6.80% 6.13%
3 Month CD Rate 6.80% 6.69% 6.69% 6.37%
1 Year CD Rate 7.36% 7.33% 7.26% 6.68%
Commodity Market Update
Currency 18-Apr Prev_Day
Change
USD/INR 65.68 65.61 0.07
GBP/INR 93.98 94.21 -0.22
EURO/INR 81.30 81.32 -0.02
International News
JPY/INR 0.61 0.61 0.00
Commodity 18-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 68.39 66.76 62.28 52.41
Brent Crude($/bl) 74.32 72.90 64.32 51.84
Gold( $/oz) 1349 1353 1313 1289
Gold(Rs./10 gm) 31276 31023 30299 29416
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
19 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 10,538.85 points, a premium of 12.65
points, over the spot closing of 10,526.20. The turnover on NSE’s Futures
and Options segment went up from Rs. 5,87,461.49 crore on Apr 17 to
Rs. 7,91,941.99 crore on Apr 18.
• The Put-Call ratio stood at 0.97 against previous session’s close of 1.05.
• The Nifty Put-Call ratio stood at 1.60 against the previous session’s
close of 1.64.
• Open interest on Nifty Futures stood at 28.70 million as against the
previous session’s close of 28.14 million.
• Bond yields rose as investors remained cautious ahead of Monetary
Policy Committee’s latest meeting minutes due on Apr 19. Losses in
Indian rupee further weighed on the domestic bond market.
• Yield on the 10-year benchmark paper (7.17% GS 2028) rose 5 bps to
close at 7.54% from the previous close of 7.49%. During the session,
bond yields traded in the range of 7.48% and 7.54%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,635 crore (gross) on Apr 18 compared with
Rs. 3,705 crore on Apr 17. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 8,859 crore on Apr 17.
• Banks borrowed Rs. 350 crore under the central bank’s Marginal
Standing Facility on Apr 17 compared with Rs. 600 crore borrowed on
Apr 16.
• The Indian rupee initially weakened against the U.S. dollar after
housing starts and industrial output in the U.S. grew in Mar 2018.
Increase in global crude oil prices also weighed on market’s sentiment.
The rupee fell 0.03% to close at 65.66 per dollar from the previous close
of 65.64.
• Euro rose against the greenback as the risk sentiment improved to
some extent after worries about military action in Syria, trade tensions
between the U.S. eased to some extent. Euro was trading at $1.2383, up
0.11% compared with the previous close of $1.2370.
• Gold prices moved up due to geopolitical tensions in the Middle East
Asia region.
• Brent crude prices moved up following geopolitical tension in the
Middle East Asian region.
• Data from the U.S. Federal Reserve showed that industrial production
in the U.S. grew 0.5% in Mar 2018 after growing by a revised 1.0% in Feb
2018 (1.1% originally reported). The bigger than expected increase in
production can be attributed to rebound in utilities output, which grew
by 3.0% in Mar after it fell 5.0% in Feb. Manufacturing output grew 0.1%
in Mar following a 1.5% jump in the previous month.
• Data from the U.S. Commerce Department showed that housing starts
grew 1.9% to an annual rate of 1.319 million in Mar 2018 after it fell
3.3% to a revised 1.295 million in Feb 2018 (1.236 million originally
reported). Building permits also grew 2.5% to an annual rate of 1.354
million in Mar.
Markets for You
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