02Aug2018
MarketsforYou
GlobalIndices
GlobalIndices 01‐Aug Prev_Day Abs.Change
%Change
#
DowJones 25,334 25,415 ‐81 ‐0.32
Nasdaq 7,707 7,672 35 0.46
FTSE 7,653 7,749 ‐96 ‐1.24
Nikkei 22,747 22,554 193 0.86
HangSeng 28,341 28,583 ‐242 ‐0.85
IndianIndices 01‐Aug Prev_Day Abs.Change
%Change
#
S&PBSESensex 37,522 37,607 ‐85 ‐0.23
Nifty50 11,346 11,357 ‐10 ‐0.09
Nifty100 11,630 11,634 ‐4 ‐0.04
NiftyBank 27,597 27,764 ‐168 ‐0.60
SGXNifty 11,359 11,377 ‐18 ‐0.16
S&PBSEPower 1 ,972 1,975 ‐3 ‐0.14
S&PBSESmallCap 16,628 16,584 44 0.26
S&PBSEHC 14,363 14,206 158 1.11
Date P/E Div.Yield P/E Div.Yield
1‐Aug 23.56 1.17 28.14 1.19
MonthAgo 22.54 1.26 25.90 1.22
YearAgo 24.43 1.20 25.75 0.95
Nifty50Top3Gainers
Company 01‐Aug Prev_Day
%Change
#
CoalIndia 271 261 3.66
Lupin 844 824 2.40
BhartiInfratel 293 287 2.30
Nifty50Top3Losers DomesticNews
Company 01‐Aug Prev_Day
%Change
#
Hindalco 208 213 ‐2.53
Maruti 9342 9521 ‐1.88
VedantaLimited 218 222 ‐1.80
AdvanceDeclineRatio
BSE NSE
Advances 1403 949
Declines 1296 820
Unchanged 141 117
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐2877
MFFlows** 74115
*1
st
Aug2018;**20
th
Jul2018
EconomicIndicator
YoY(%) Current YearAgo
CPI
5.00%
(Jun‐18)
1.46%
(Jun‐17)
IIP
3.20%
(May‐18)
2.90%
(May‐17)
GDP
7.70%
(Mar‐18)
6.10%
(Mar‐17)
02August2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
6.90%
(Feb‐18)
7.00%
(Dec‐17)
QuarterAgo
Inflow/Outflow
‐199
904
4.28%
(Mar‐18)
• Indian equity markets moved down as the Monetary Policy Committee
(MPC), in its third bi‐monthly policy review, increased the key policy repo
rate by 25 basis points to 6.5% citing inflation concerns but retained its
"neutral" stance. The manufacturing sector also improved at a slower
pace as the Nikkei India Manufacturing P urchasing M anagers' Index (PMI)
data stood at 52.3 in Jul, down from 53.1 in Jun. Meanwhile, the total
gross Goods and Services Tax (GST) revenue collection in Jul stood at Rs.
964.83 billion in Jul from Rs. 956.1 billion in the previous month. On the
global front, investors remained cautious of U.S.‐China trade war and
upcoming policy rates decision from major central banks across the
globe.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.23% and
0.09% to close at 37,521.62 and 11,346.20, respectively. S&P BSE Mid‐
Cap and S&P BSE Small‐Cap gained 0.19% and 0.26% respectively.
• The overall market breadth on BSE was strong with 1403 scrips
advancing and 1296 scrips declining. A total of 141 scrips remained
unchanged.
• Data from a private survey showed that the Nikkei India Manufacturing
Purchasing Managers Index (PMI) fell to 52.3 in Jul 2018 from 53.1 in J un
2018. This is the 12th consecutive month that the manufacturing PMI
remained above 50. The decline in manufacturing PMI can be attributed
to moderate rise in output, new orders and employment.
• The Monetary Policy Committee (MPC), in its third bi‐monthly policy
review for FY19, increased the key policy repo rate by 25 basis points to
6.50% from 6.25% and retained its ‘neutral’ stance. Consequently,
reverse repo rate now stands adjusted to 6.25% and both the marginal
standing facility rate and the bank rate at 6.75%. Five policymakers we re
in favour of t he decision and one policymaker v ot ed against t he d ecision.
MPC decided to increase key policy repo rate as it identified several
factors that may lead to an increase in domestic inflationary pressures.
Some of the factors are volatility in crude oil prices and global financial
markets, fiscal slippage at the centre and/or state government levels,
regional distribution of monsoons, uncertainty regarding the impact of
minimum s upport price on domestic inflation a nd the staggered impact of
HRA revision by state governments.
• Hero MotoCorp s ales increased 9% to 6,79,862 units in Jul 2018. T he
company had sold 6,23,269 units in the year‐ago period. The company
has planned many new product launches before the festive season, such
as Xtreme 200R motorcycle and 125cc scooters.
• Hi ndustan Copper Ltd (HCL) g ot cabinet approval for a fresh equity iss ue
of 15%. It will help the state‐run company raise Rs 900.6 crore. Hindustan
Copper will issue 13.87 crore fresh equity shares, to the extent of 15%,
which will pare government stake in it to 66.13%.
• Life Insurance Corporation of India (LIC) has got the go‐ahead from
cabinet to acquire a majority stake in IDBI Bank Ltd. LIC is looking to
acquire 51% stake in the debt‐laden bank at an estimated Rs. 10,000‐Rs.
13,000 crore. LI C will now a pproach the Reserve Bank of India and the
Insurance Regulatory and Development Authority of India for their
approval.
• Asian markets traded in mixed as the manufacturing sector in China and
Japan continued to expand in July, albeit at a slower pace. Meanwhile,
investors became wary on news that U.S. might consider imposing higher
tariffs on $200 billion in Chinese imports. Upcoming Federal Reserve
policy review also kept market p articipants cautious. However, weaker
yen provided some respite. Today (as of Aug 2), Asian markets opened
mostly lower following mixe d cues from the W all Street overnight. Nikkei
and Hang Seng fell 0.41% and 1.29%, respectively (as at 8 a.m. IST).
• As per the last close, European markets fell due to trade concerns
following reports that U.S. President’s administration is considering to
raise proposed tariff on $200 billion worth of Chinese imports.
• As per the last close, U.S markets closed on a mixed note. Trade
concerns following reports that U.S. President’s administration is
considering to raise proposed tariff on $200 billion worth of Chinese
imports, weighed on the indices. However, gains in a U.S. technology
major on strong quarterly results capped the losses.
MarketsforYou
FIIDerivativeTradeStatistics 01‐Aug
(RsCr) Buy Sell OpenInt.
IndexFutures 1913.93 1848.01 21751.64
IndexOptions 47779.28 47630.31 52163.13
StockFutures 13604.89 12993.71 80043.86
StockOptions 6818.34 6531.08 5859.60
Total 70116.44 69003.11 159818.23
01‐Aug Prev_Day Change
PutCallRatio(OI) 1.73 1.72 0.02
IndianDebtMarket
PutCallRatio(Vol) 1.11 1.07 0.04
01‐Aug Wk.Ago Mth.Ago YearAgo
CallRate 6.17% 6.24% 6.21% 6.11%
CBLO 6.19% 6.31% 6.20% 6.19%
Repo 6.50% 6.25% 6.25% 6.25%
ReverseRepo 6.25% 6.00% 6.00% 6.00%
91DayT‐Bill 6.77% 6.69% 6.48% 6.11%
364DayT‐Bill 7.26% 7.26% 7.11% 6.22%
10YearGilt 7.70% 7.79% 7.90% 6.44%
G‐SecVol.(Rs.Cr) 55981 15005 27152 61724
CurrencyMarketUpdate
FBILMIBOR 6.25% 6.41% 6.25% 6.25%
3MonthCPRate 7.65% 7.85% 7.55% 6.59%
5YearCorpBond 8.58% 8.73% 8.79% 7.42%
1MonthCDRate 6.78% 6.75% 6.81% 6.23%
3MonthCDRate 7.40% 7.24% 7.00% 6.21%
1YearCDRate 8.10% 8.02% 8.08% 6.53%
CommodityMarketUpdate
Currency 01‐Aug Prev_Day Change
USD/INR 68.61 68.61 0.00
GBP/INR 89.93 90.09 ‐0.15
EURO/INR 80.12 80.37 ‐0.25
InternationalNews
JPY/INR 0.61 0.62 0.00
Commodity 01‐Aug WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 68.42 70.78 74.08 49.14
BrentCrude($/bl) 72.92 74.31 76. 78 51.04
Gold($/oz) 1215 1231 1252 1269
Gold(Rs./10gm) 29664 29904 30341 28544
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
02August2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty August 2018 Futures closed at 11,374.30, a premium of 28.10
points, above the spot closing of 11,346.20. The turnover on NSE’s
Futures and Options segment increased to Rs. 9,15,343.18 on Aug 01
compared with R s. 5,29,372.26 on Jul 31.
•ThePut‐Call ratio stood at 0.94 against previous session’s close of 0.97.
•TheNiftyPut‐Call ratio stood at 1.72 compared with the previous
session’s clo se of 1.73.
• Open interest on Nif ty Futures st ood at 27.01 million as against the
previous session’s close at 26. 10 million.
• Bond yields declined after the Monetary Policy Committee’s (MPC)
commentary in the third bi‐monthly monetary policy for FY19 pacified
concerns regarding the pace of monetary tightening to some extent.
Meanwhile, MPC increased repo rate by 25 bps as expected and
maintained neutral stance in the third bi‐monthlymonetarypolicyfor
FY19. Moreover, fall in crude oil prices further added to the gains.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) went down 7
bps to close at 7.70% as against its previous close of 7.77%. During the
session, bond yields traded in the range of 7.70% and 7.85%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs.7,756 crore (gross) on Aug 1, compared with Rs.
14,301 crore (gross) borrowed on Jul 31. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window s tood at Rs. 15,221
crore on Jul 31.
• The rupee rose against the greenback as the latter remained under
pressure ahead of the outcome of the U.S. Federal Reserve monetary
policy review due Aug 1, 2018. The outcome of the third bi‐monthly
monetary policy review came i n line with market expectations which also
boosted the rupee.
• The euro was n early steady against the greenback as market
participants preferred to stay on sidelines ahead of the U.S. Federal
Reserve monetary policy review due on Aug 1.
• Gold prices marginally fell as market participants were cautious ahead
of the U.S. Federal Reserve p olicy rate decision.
• Brent crude declined after an industry report from American
Petroleum Institute revealed crude oil inventory of 5.59 million barrels
relative to market estimates for 2.8 m illion barrels.
• A report from the Conference Board showed that U.S. consumer
confidence index e dged up to 127.4 in Jul 2018 from an upwardly r evised
127.1 (126.4 originally reported) in Jun 2018. The increase reflects
improvement in consumers' ass essment of present‐day conditions and
the present situation index surged to 165.9 in Jul from 161.7 in Jun 2018.
• A report from the IHS M arkit and Chartered Institute of Procurement &
Supply showed that U.K.’s manufacturing Purchasing Managers' Index
fell to 54.0 in Jul 2018 from 54.3 in Jun 2018.
• According to a report from the IHS Markit, Eurozone’s Purchasing
Managers' Index came in in line with preliminary expectations and
surged to 55.1 in Jul 2018 a s against 54.9 in J un 2018.
MarketsforYou
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