20 Apr 2018
Markets for You
Global Indices
Global Indices 19-Apr Prev_Day Abs. Change
% Change
#
Dow Jones 24,665 24,748 -83 -0.34
Nasdaq 7,238 7,295 -57 -0.78
FTSE 7,329 7,317 12 0.16
Nikkei 22,191 22,158 33 0.15
Hang Seng 30,708 30,284 424 1.40
Indian Indices 19-Apr Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,427 34,332 96 0.28
Nifty 50 10,565 10,526 39 0.37
Nifty 100 10,975 10,928 46 0.42
Nifty Bank 25,126 25,102 24 0.10
SGX Nifty 10,575 10,580 -6 -0.05
S&P BSE Power 2,253 2,246 7 0.30
S&P BSE Small Cap 18,174 18,066 109 0.60
S&P BSE HC 13,823 13,736 87 0.63
Date P/E Div. Yield P/E Div. Yield
19-Apr 23.68 1.14 26.23 1.21
Month Ago 22.71 1.19 24.61 1.29
Year Ago 22.36 1.39 23.08 1.26
Nifty 50 Top 3 Gainers
Company 19-Apr Prev_Day
% Change
#
Hindalco 265 243 9.04
Vedanta Limited 312 291 7.08
Tata Steel 622 602 3.38
Nifty 50 Top 3 Losers Domestic News
Company 19-Apr Prev_Day
% Change
#
BPCL 377 405 -7.07
HPCL 302 320 -5.66
Indian Oil 158 165 -4.24
Advance Decline Ratio
BSE NSE
Advances 1335 999
Declines 1326 805
Unchanged 156 76
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 10864
MF Flows** 39068
*19
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)
20 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
-878
3.58%
(Dec-17)
• Indian equity markets closed higher as investors remained optimistic
ahead of the quarterly earnings of some of the Indian majors that were
due later in the day. Meanwhile, gains on the global front amid easing
concerns over trade war supported buying interest. However, investors
remained cautious ahead of the minutes of Reserve Bank of India’s latest
policy meeting that was scheduled later in the day.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.28% and
0.37% to close at 34,427.29 and 10,565.30, respectively. S&P BSE Mid-Cap
and S&P BSE Small-Cap grew 0.63% and 0.60% each.
• On the BSE sectoral front, S&P BSE Metal was the major gainer, up
4.46%, followed by S&P BSE Basic Materials that grew 2.76%. S&P BSE
Capital Goods and S&P BSE Information Technology grew 1.06% and
0.92%, respectively. S&P BSE Oil & Gas was the major loser, down 1.31%,
followed by S&P BSE Consumer Durables that fell 0.86%. S&P BSE Energy
and S&P BSE Finance fell 0.59% and 0.07%, respectively.
• Minutes of the Monetary Policy Committee’s (MPC) meeting held in Mar
2018 showed that MPC may adopt a more hawkish stance moving forward
even though domestic inflationary eased. MPC identified several aspects
namely increase in minimum support prices for farmers and high global
crude oil prices that may lead to an increase in retail inflation.
• According to the World Steel Association (WSA), global steel demand is
expected to reach 1,616.1 million tonne (MT) in 2018. WSA added that
demand of steel in India could grow on the back of public investment.
However, the association warned that escalating trade tensions between
the U.S. and China may slow down the current momentum.
• According to the International Monetary Fund, India has "quite a high"
debt to GDP ratio and that the Indian government is using appropriate
policies to lower its debt level. On a separate note, IMF advocated for
transparency in debt commitments made by countries, including those
under the belt and road initiative (BRI) of China. IMF is of the view that
transparency would aid in long-term planning of public finances. It needs
to be noted that BRI aims to improve connectivity and cooperation among
Asian countries, Africa, China and Europe.
• HDFC Standard Life Insurance Company recorded a 24% rise in net profit
to Rs. 11.1 billion in FY18 compared with Rs. 8.9 billion in FY17. The rise in
profit came due to balanced product mix, diversified distribution network
and customer centric approach.
• IndusInd Bank posted 26.81% increase in net profit to Rs. 953.09 crore in
the quarter ended Mar 2018 compared with Rs. 751.61 crore in the same
period last year. The bank also announced dividend of Rs. 7.50 per share
of face value of Rs. 10 each for FY18.
• NTPC announced to terminate its joint venture with BHEL in order to
concentrate on setting up and operate power plants.
Markets for You
• Asian markets traded up following easing trade tensions and on
optimism over global economic growth. Additionally, Japanese market got
support after meeting between Japanese Prime Minister and U.S.
President concluded on a positive note and as both had agreed for
expansion of investment and trade between the countries. Improved
crude oil prices also helped gains. Today (As of Apr 20), Asian markets
opened in red following losses in technology sector after a major Asian
chipmaker forecasted weaker than expected second quarter revenues for
2018. Both Nikkei and Hang Seng fell 0.16% and 0.49%, respectively (as at
8.a.m. IST).
• As per the last close, European markets ended mixed following mixed
corporate earnings results. However, rising crude oil prices boosted
market sentiments.
• As per the last close, U.S markets ended lower following losses in
technology sector after a major Asian chipmaker forecasted weaker than
expected second quarter revenues for 2018. Investors were also
concerned over rising interest rates.
FII Derivative Trade Statistics 19-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 3893.49 1573.74 19203.65
Index Options 92067.04 92570.60 73967.13
Stock Futures 8274.72 8463.19 81111.99
Stock Options 6624.66 6584.17 7314.68
Total 110859.91 109191.70 181597.45
19-Apr Prev_Day
Change
Put Call Ratio (OI) 1.63 1.60 0.03
Indian Debt Market
Put Call Ratio(Vol) 1.44 1.20 0.24
19-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 5.93% 5.84% 5.91% 5.97%
CBLO 5.93% 5.81% 5.96% 6.08%
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% 6.03% 6.13% 6.06%
364 Day T-Bill 6.40% 6.45% 6.50% 6.15%
10 Year Gilt 7.63% 7.47% 7.61% 6.85%
G-Sec Vol. (Rs.Cr) 32914 38257 34854 34681
Currency Market Update
FBIL MIBOR 6.00% 6.00% 6.04% 6.15%
3 Month CP Rate 6.95% 6.90% 7.24% 6.73%
5 Year Corp Bond 8.29% 8.15% 7.95% 7.44%
1 Month CD Rate 6.52% 6.42% 6.83% 6.12%
3 Month CD Rate 6.96% 6.68% 6.79% 6.37%
1 Year CD Rate 7.40% 7.27% 7.26% 6.68%
Commodity Market Update
Currency 19-Apr Prev_Day
Change
USD/INR 65.78 65.68 0.10
GBP/INR 93.42 93.98 -0.56
EURO/INR 81.39 81.30 0.09
International News
JPY/INR 0.61 0.61 0.00
Commodity 19-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 68.25 67.02 62.00 50.44
Brent Crude($/bl) 75.59 71.68 64.36 51.67
Gold( $/oz) 1345 1335 1317 1279
Gold(Rs./10 gm) 31305 31013 30154 29322
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
20 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 10,578.1 points, a premium of 12.80
points, over the spot closing of 10,565.30. The turnover on NSE’s Futures
and Options segment went up to Rs. 12,15,965.45 crore on Apr 19 from
Rs. 7,91,941.99 crore on Apr 18.
• The Put-Call ratio stood at 0.94 against previous session’s close of 0.97.
• The Nifty Put-Call ratio stood at 1.63 against the previous session’s
close of 1.60.
• Open interest on Nifty Futures stood at 29.06 million as against the
previous session’s close of 28.70 million.
• Bond yields rose following surge in global crude oil prices. Losses in the
domestic currency against the greenback also weighed on market
sentiment. Persisting geopolitical tensions also dampened the risk
appetite of market participants.
• Yield on the 10-year benchmark paper (7.17% GS 2028) rose 9 bps to
close at 7.63% from the previous close of 7.54%. During the session,
bond yields traded in the range of 7.58% and 7.65%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 10,335 crore (gross) on Apr 19 compared with
Rs. 3,635 crore on Apr 18. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 5,497 crore on Apr 18.
• Banks borrowed Rs. 35 crore under the central bank’s Marginal
Standing Facility on Apr 18 compared with Rs. 350 crore borrowed on
Apr 17.
• The Indian rupee weakened and touched more than 1-year low against
the U.S. dollar following surge in global crude oil prices that reached a 3-
year high. However, further losses were restricted by likely intervention
from the Reserve Bank of India. The rupee fell 0.20% to close at 65.79
per dollar from the previous close of 65.66.
• Euro was little changed against the U.S. dollar as rise in the long-term
U.S. bond yields supported the greenback. Euro was trading at $1.2381
compared with the previous close of $1.2372.
• Gold prices traded marginally lower as investors remained cautious
ahead of weekly jobless claims scheduled later during the day.
• Brent crude prices trader higher and touched highest level in over
three years after crude oil inventories in the U.S. fell during the week to
Apr 13.
• According to the Global Financial Stability Report published by the
International Monetary Fund (IMF), short-term financial stability risks
have increased following slightly tighter financial conditions. The lender
also stated that medium-term risks are already at an elevated level and
can put overall growth at risk.
• According to U.S. Federal Reserve’s Beige Book, business firms are
cautious over possible trade war with China. As per the book, although
outlook remains positive across sectors, there are concerns over newly
imposed or proposed tariff rates. Simultaneously, the book showed
economic activity continued to expand at a modest to moderate rate
and a growth in employment.
Markets for You
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