26Apr2018
MarketsforYou
GlobalIndices
GlobalIndices 25‐Apr Prev_Day Abs.Change
%Change
#
DowJones 24,084 24,024 60 0.25
Nasdaq 7,004 7,007 ‐4 ‐0.05
FTSE 7,379 7,425 ‐46 ‐0.62
Nikkei 22,215 22,278 ‐63 ‐0.28
HangSeng 30,328 30,636 ‐308 ‐1.01
IndianIndices 25‐Apr Prev_Day Abs.Change
%Change
#
S&PBSESensex 34,501 34,617 ‐115 ‐0.33
Nifty50 10,571 10,614 ‐44 ‐0.41
Nifty100 10,981 11,022 ‐42 ‐0.38
NiftyBank 24,814 25,042 ‐228 ‐0.91
SGXNifty 10,581 10,662 ‐81 ‐0.76
S&PBSEPower 2,214 2,223 ‐9 ‐0.42
S&PBSESmallCap 18,119 18,250 ‐131 ‐0.72
S&PBSEHC 13,952 14,064 ‐112 ‐0.80
Date P/E Div.Yield P/E Div.Yield
25‐Apr 23.40 1.15 26.24 1.21
MonthAgo 22.50 1.20 24.38 1.30
YearAgo 22.78 1.36 23.64 1.23
Nifty50Top3Gainers
Company 25‐Apr Prev_Day
%Change
#
BhartiAirtel 420 406 3.35
TCS 3470 3386 2.50
M&M 854 839 1.82
Nifty50Top3Losers DomesticNews
Company 25‐Apr Prev_Day
%Change
#
GAIL 328 338 ‐3.02
HPCL 298 306 ‐2.60
Vedanta 290 297 ‐2.42
AdvanceDeclineRatio
BSE NSE
Advances 867 558
Declines 1794 1252
Unchanged 128 71
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 9288
MFFlows** 42632
*25
th
Apr2018;**23
rd
Apr2018
EconomicIndicator
YoY(%) Current YearAgo
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)
26April2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
8.50%
(Nov‐17)
6.50%
(Sep‐17)
QuarterAgo
Inflow/Outflow
409
‐548
3.58%
(Dec‐17)
• The Income Tax Department has framed draft rules for specific
situations wherein the recently imposed capital gains tax would apply
even though no Securities Transactions Tax (STT) are being paid. Cases
where no STT is paid but new capital gains tax regime will be imposed are
bonus shares, policy compliant foreign investment, shares acquired via a
will or inheritance, court or regulator approved acquisition, shares
acquired under insolvency resolution and those under government
disinvestment. The tax rate would be 10% and the rule will be applicable
from Apr 2019. In cases where new capital gains tax could not be paid,
such gains will be clubbed with total income and will become eligible for
higher tax.
• The government of India has entered into a loan agreement with the
World Bank for $125 million to fund a project called ‘Innovate in India for
Inclusiveness’. The objective of the project is to boost indigenous
innovation, foster local product development and accelerate
commercialisation process. It will connect c ritical skill and infrastructure
gaps to promote affordable and innovative healthcare product
generation for inclusive development and increasing competitiveness in
India.
• Indian govern ment permitted Centrally Sponsored Scheme of National
Bamboo Mission (NBM) under National Mission for Sustainable
Agriculture (NMSA) during remaining period of 14th Finance Commission
(FY19 and FY20). The amount provisioned for implementation is Rs. 1,290
crore. The mission is proposed to bring around one lakh hectare area
under plantation that is expected to benefit one lakh farmers.
• Wipro witnessed fall in consolidated net profit by 20.5% YoY to Rs.
1,800.80 crore in the quarter ended Mar 2018 from Rs. 2,267 crore in
quarter ended Mar 2017. Revenue from operations stood at Rs.
13,768.60 crore in quarter ended Mar 18 as against Rs. 13,987.50 crore in
Mar quarter of FY17.
MarketsforYou
• Most of the Asian markets fell on negative cues from overnight U.S.
markets and lower crude oil prices. Concerns over rising bond yields and
upcoming qu arte rly results also weighed on sentiment. Additionally,
Chinese market fell on reports that the government might implement
new rules to govern the asset management industry. Today (As of April
26), Asian markets mostly opened higher following modest gains on the
Wall Street overnight. While Nikkei index was trading higher 0.69%, Hang
Seng was lower 0.08% (as at 8 a.m. IST).
• As per the last close, European market declined following sell‐off on the
Wall Street on Tuesday due to concerns over rising bond yields. Market
participants were also in a cautious mood ahead of European Central
Bank’s monetary policy decision on Thursday.
• As per the last close, U.S markets closed with a modest gain after falling
on the previous day. Market hovered between gains and losses during
the day, which reflected uncertainty about the outlook for the markets
due to continuous rise in U.S. treasury yields.
• Indian equity markets slipped following weak global cues, driven mainly
by the rising U.S. bond yields, which kept i nv estors on the edg e.
Persistent foreign fund outflow too played spoilsport. The expiry of the
F&O for Apr 2018, scheduled on Apr 26, added to the volatility.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.33% and
0.41% to close at 34,501.27 and 10,570.55, respectively. S&P BSE Mid‐
Cap and S&P BSE Small‐Cap slipped 0.52% and 0.72%, respectively.
• The overall market breadth on BSE was weak with 1,794 scrips declining
and 867 scrips advancing. A total of 128 scrips remained unchanged.
• On the BSE sectoral front, barring S&P BSE I T, S&P BSE Teck, S&P BSE
Telecom and S&P BSE Realty, all the other indices closed in the red. S&P
BSE Metal was the major loser, down 1.43%, followed by S&P BSE Oil &
gas and S&P BSE Consumer Durables, which slipped 1.33% and 1.20%,
respectively. S&P BSE Capital Goods and S&P BSE Basic Materials fell
1.20% and 1.15%, respectively.
FIIDerivativeTradeStatistics 25‐Apr
(RsCr) Buy Sell OpenInt.
IndexFutures 6564.19 6289.38 19777.74
IndexOptions 64317.51 61900.33 74353.62
StockFutures 27729.58 27795.01 82076.77
StockOptions 10086.92 10084.75 8645.56
Total 108698.20 106069.47 184853.69
25‐Apr Prev_Day Change
PutCallRatio(OI) 1.61 1.70 ‐0.09
IndianDebtMarket
PutCallRatio(Vol) 1.04 1.13 ‐0.09
25‐Apr Wk.Ago Mth.Ago YearAgo
CallRate 5.88% 5.88% 5.93% 6.02%
CBLO 5.91% 5.88% 5.82% 6.21%
Repo 6.00% 6.00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 6.00%
91DayT‐Bill 6.20% 6.10% 6.12% 6.05%
364DayT‐Bill 6. 63% 6.51% 6.50% 6.10%
10YearGilt 7.74% 7.54% 7.56% 6.93%
G‐SecVol.(Rs.Cr) 26253 23991 40602 40622
CurrencyMarketUpdate
FBILMIBOR 6.00% 6.00% 6.05% 6.25%
3MonthCPRate 7.25% 6.90% 7.33% 6.73%
5YearCorpBond 8.41% 8.21% 8.08% 7.45%
1MonthCDRate 6.64% 6.46% 7.12% 6.15%
3MonthCDRate 6.71% 6.80% 7.06% 6.36%
1YearCDRate 7.61% 7.36% 7.35% 6.70%
CommodityMarketUpdate
Currency 25‐Apr Prev_Day Change
USD/INR 66.70 66.36 0.34
GBP/INR 93.14 92.51 0.63
EURO/INR 81.43 81.05 0.37
InternationalNews
JPY/INR 0.61 0.61 0.00
Commodity 25‐Apr WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 67.99 68.39 65. 79 49.20
BrentCrude($/bl) 74.53 74.32 68.62 48.43
Gold($/oz) 1323 1349 1347 1263
Gold(Rs./10gm) 31304 31276 30700 28972
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
26April2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yields rose on concerns that global crude oil prices will continue
to remain at elevated levels. Increase in U.S. Treasury yields also
weighed on market sentiment. U.S. Treasury yields grew to its highest in
more than four years on growing possibility that the U.S. Federal Reserve
will continue to hike interest rates in 2018.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) rose 6 bps to
close at 7.74% from the previous close of 7.68%. During the session,
bond yields traded in the range of 7.69% and 7.78%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 9,020 crore (gross) on Apr 25 compared wit h
Rs. 11,095 crore on Apr 24.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on Ap r 24 compared with that o f Apr 23 when banks borrowed
Rs. 90 crore.
• According to a report from the Conference Board, U.S. consumer
confidence surprisingly grew to 128.7 in Apr 2018 as against downwardly
revised score of 127.0 in Mar 2018 (127.7 originally reported). Similarly,
the present situation index surged to 159.6 in Apr from 158.1 in Mar.
• A report from the Commerce Department showed that U.S. new home
sales grew 4% to an annual rate of 694,000 in Mar 2018 as against a gain
of 3.6% to 667,000 in Feb 2018. This marked as the highest annual rate
since Nov 2017 when new home sales rose to their highest level of
711,000.
MarketsforYou
• Nifty Apr 2018 Futures were at 10,569.05 points, a discount of 1.50
points, below the spot closing of 10,570.55. The turnover on NSE’s
Futures and Options segment went up to Rs. 9,99,041.04 crore on Apr 25
from Rs. 7,13,076.52 crore on Apr 24.
•ThePut‐Call ratio stood at 0.92 against previous session’s close of 0.95.
• The Nifty Put‐Call ratio stood at 1.61 against the previous session’s
close of 1.70.
• India VIX moved up 5.14% to 12.5075 from 11.8950 in the previous
trading session.
• Open interest on Nifty Futures stood at 30.17 million as against the
previous session’s close of 29.31 million.
• The Indian rupee fell to a 14‐month low against the greenback followin
g
losses in the domestic equity market and on growing possibility that the
U.S. Federal Reserve (Fed) will continue to hike interest rates in 2018. The
rupee plunged 0.79% to close at 66.90 per dollar from the previous close
of 66.38 per dollar.
• The euro weakened against the greenback as the U.S. 10‐year treasur
y
yield grew to its highest in more than four years. Euro fell 0.47% and was
trading at $1.2173, down from the previous close of 1.2230.
• Gold prices move down on stronger dollar against the euro. Upbeat U.S.
economic data also weighed on the prices of the precious m etal.
• Brent crude prices slipped on concerns over supply glut after the API
data indicated that U.S. oil inventories rose around 1.1 million barrels in
the week to Apr 20.
Thank you for
your time.