30 Apr 2018
Markets for You
Global Indices
Global Indices 27-Apr Prev_Day Abs. Change
% Change
Dow Jones 24,311 24,322 -11 -0.05
Nasdaq 7,120 7,119 1 0.02
FTSE 7,502 7,421 81 1.09
Nikkei 22,468 22,320 148 0.66
Hang Seng 30,281 30,008 273 0.91
Indian Indices 27-Apr Prev_Day Abs. Change
% Change
S&P BSE Sensex 34,970 34,714 256 0.74
Nifty 50 10,692 10,618 75 0.70
Nifty 100 11,095 11,019 76 0.69
Nifty Bank 25,395 25,011 384 1.53
SGX Nifty 10,749 10,615 135 1.27
S&P BSE Power 2,218 2,214 5 0.20
S&P BSE Small Cap 18,240 18,164 76 0.42
S&P BSE HC 14,036 13,931 105 0.75
Date P/E Div. Yield P/E Div. Yield
27-Apr 23.71 1.13 26.54 1.20
Month Ago 22.93 1.17 24.83 1.28
Year Ago 22.49 1.37 23.73 1.23
Nifty 50 Top 3 Gainers
Company 27-Apr Prev_Day
% Change
Axis Bank 539 494 9.21
SBI 243 233 4.03
ICICI Bank 288 279 3.25
Nifty 50 Top 3 Losers Domestic News
Company 27-Apr Prev_Day
% Change
HCL Tech 1042 1077 -3.31
Tech Mahindra 671 691 -2.98
TCS 3452 3539 -2.47
Advance Decline Ratio
Advances 1401 981
Declines 1234 815
Unchanged 136 82
Institutional Flows (Equity)
Description (Cr)
FII Flows* 8846
MF Flows** 43895
Apr 2018; **25
Apr 2018
Economic Indicator
YoY(%) Current Year Ago
30 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
Quarter Ago
A major credit rating agency retained its sovereign rating at 'BBB-' for
India. 'BBB-' is the lowest investment grade with a stable outlook. The
agency denied upgrading India's credit rating for the 12th consecutive
year in a row, thereby stating that weak fiscal balances continue to
constrain its ratings.
The Ministry of Finance has fixed the rate of interest on provident fund
savings at 8.55% for 2017-18. This is the lowest rate of interest in the last
five years paid by the Employees’ Provident Fund Organisation (EPFO).
Rates for 2016-17 and 2015-16 were 8.65% and 8.80%, respectively. In
the two preceding years 2013-14 and 2014-15 the interest rate for
EPFO stood at 8.75%.
The government has announced that the sales invoice should have
Unique Identity Number (UIN) that is allotted to diplomats and
multilateral agency officials serving in India. According to the finance
ministry, foreign diplomatic missions and UN bodies have complained
about vendors’ unwillingness to record the 15-digit UIN number during
the sales process.
According to a statement by the Ministry of Finance, total revenue
collections under the Goods and Services Tax (GST) in the period
between Aug 2017 and Mar 2018 stood at Rs. 7.19 lakh crore and the
SGST collection during the same period, including the settlement of IGST,
was at Rs. 2.91 lakh crore. The ministry has further mentioned the
revenue gap of each state is coming down over the last eight months.
The average revenue gap of all the states for the last year is around 17%.
Maruti Suzuki reported rise in profit by 10% YoY to Rs. 1,882.10 crore in
quarter ended Mar 2018 from Rs. 1,710.50 crore recorded in Mar 2017.
The board members of the company have recommended dividend of Rs.
80 per share for FY18.
Axis bank announced its worst quarterly earning losses of Rs. 2,189
crore in quarter ended Mar 2018. The huge losses came due to more
than doubled provisions for bad loans by the departing chief executive to
leave a cleaner balance sheet.
Markets for You
Asian markets traded up following upbeat U.S. markets, improved
crude oil prices and strong corporate earning reports from some of the
major companies. Bank of Japan’s decision to maintain status-quo and
rise in Japan's industrial output on quarterly basis during Mar 2018
boosted sentiment. Today (as of Apr 30), Asian markets opened higher
due to gains in financials and industrial sectors. Continued positive
sentiment after North and South Korea pledged to achieve peace during
the last session added to the gains. Hang seng grew 1.41%. (as at 8.a.m.
IST). Nikkei remained closed.
As per the last close, European markets ended higher following
weakness in Euro and the British pound against the dollar. U.K.’s weak
GDP report for the first quarter drove currencies lower.
As per the last close, U.S markets ended on a flat note following mixed
earnings results from several U.S. majors. Also, investors remained
cautious due to uncertainty about interest rates outlook after U.S.
economic growth for the first quarter came in slower than previous
quarter but was better than market expectations.
Indian equity markets remained firm throughout the session to close in
the green. Encouraging quarterly earnings numbers from major
companies helped Sensex to regain its 35,000-mark in the intra-day
trade. Market participants remained optimistic over the Indo-China
Summit, which is perceived as an endeavour to strengthen ties and build
trust between India and China. A drop in U.S. Treasury Yields provided
support to the buying interest.
Key benchmark indices S&P BSE Sensex and Nifty 50 rose 0.74% and
0.70% to close at 34,969.70 and 10,692.30 respectively. S&P BSE Mid-
Cap and S&P BSE Small-Cap rose 0.79% and 0.42%, respectively.
The overall market breadth on BSE was positive with 1,401 scrips
advancing and 1,234 scrips declining. A total of 136 scrips remained
On the BSE sectoral front, barring S&P BSE IT, S&P BSE Teck and S&P
BSE Consumer Durables, all the other indices closed higher. S&P BSE
Bankex was the top gainer, up 2.00%, followed by S&P BSE Capital Goods
and S&P BSE Energy, which rose 1.40% and 1.32%, respectively. S&P BSE
Finance and S&P BSE Oil & Gas rose 1.16% and 1.05%, respectively.
FII Derivative Trade Statistics 27-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 6156.10 5394.39 11340.90
Index Options 102423.72 100526.55 50531.05
Stock Futures 33924.95 32384.17 76443.42
Stock Options 3964.75 3593.90 356.25
Total 146469.52 141899.01 138671.62
27-Apr Prev_Day
Put Call Ratio (OI) 1.52 1.70 -0.18
Indian Debt Market
Put Call Ratio(Vol) 1.12 1.08 0.04
27-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 6.02% 5.97% 6.00% 5.98%
CBLO 5.53% 6.01% 5.91% 6.10%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 6.00%
91 Day T-Bill 6.19% 6.13% 6.11% 6.18%
364 Day T-Bill 6.45% 6.00% 6.47% 6.42%
10 Year Gilt 7.77% 7.72% 7.33% 6.94%
G-Sec Vol. (Rs.Cr) 23708 43122 61226 30634
Currency Market Update
FBIL MIBOR 6.00% 6.01% 6.05% 6.20%
3 Month CP Rate 7.40% 7.05% 7.39% 6.75%
5 Year Corp Bond 8.44% 8.42% 7.77% 7.48%
1 Month CD Rate 6.69% 6.56% 7.79% 6.17%
3 Month CD Rate 7.07% 6.79% 6.89% 6.35%
1 Year CD Rate 7.71% 7.43% 7.45% 6.69%
Commodity Market Update
Currency 27-Apr Prev_Day
USD/INR 66.78 66.83 -0.05
GBP/INR 92.89 93.17 -0.28
EURO/INR 80.74 81.38 -0.64
International News
JPY/INR 0.61 0.61 0.00
Commodity 27-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 68.06 68.21 65.20 48.91
Brent Crude($/bl) 76.07 75.36 68.22 49.20
Gold( $/oz) 1322 1335 1344 1264
Gold(Rs./10 gm) 31190 31298 30718 28804
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
30 April 2018
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields rose marginally as investors preferred to remain on the
sidelines ahead of a long weekend. U.S. Federal Reserve policy meet is
scheduled to be held next week.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 1 bps to
close at 7.77% from the previous close of 7.76%. During the session,
bond yields traded in the range of 7.74% and 7.77%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 18,926 crore (gross) on Apr 27 compared with
Rs. 12,290 crore on Apr 26. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 14,965 crore on Apr 26.
Banks did not borrow under the central bank’s Marginal Standing
Facility on Apr 26 compared with borrowing of Rs. 130 crore on Apr 25.
According to a report released by the Commerce Department, U.S.
real gross domestic product (GDP) rose 2.3% in the first quarter of 2018,
which surpassed market expectations but was slower than 2.9% rise in
the fourth quarter of 2017.
The Bank of Japan kept its monetary stimulus unchanged. Also, it
decided to hold its target of raising the amount of outstanding Japanese
Government Bonds (JGB) holdings at an annual pace of about JPY 80
trillion. The bank stated that it will purchase government bonds so that
the yield of 10-year JGBs will remain at approximately 0%.
Markets for You
Nifty May 2018 Futures were at 10,723.80 points, a premium of 31.50
points, above the spot closing of 10,692.30. The turnover on NSE’s
Futures and Options segment went down to Rs. 4,96,948.05 crore on Apr
27 from Rs. 14,14,094.93 crore on Apr 26.
The Put-Call ratio stood at 0.94 against previous session’s close of 0.86.
The Nifty Put-Call ratio stood at 1.52 against the previous session’s
close of 1.70.
India VIX moved down 1.57% to 11.8475 from 12.0375 in the previous
trading session.
Open interest on Nifty Futures stood at 24.12 million as against the
previous session’s close of 31.88 million.
The Indian rupee strengthened following greenback sales by exporters.
Rise in U.S. Treasury yields and crude oil prices arrested the rupee’s
gains. The rupee grew 0.13% to close at 66.66 per dollar from the
previous close of 66.75 per dollar.
The euro weakened against the greenback as the latter strengthened
due to surge in U.S. Treasury yields. Euro fell 0.20% and was trading at
$1.2077, down from the previous close of 1.2101.
Gold prices inched up as investors remained cautious ahead of U.S.
economic growth data for the first quarter.
Brent crude prices fell marginally on easing geopolitical concerns after
North Korean leader and South Korean President decided to end seven
decades of tussle.
Thank you for
your time.