08Aug2018
MarketsforYou
GlobalIndices
GlobalIndices 07‐Aug Prev_Day Abs.Change
%Change
#
DowJones 25,629 25,502 127 0.50
Nasdaq 7,884 7,860 24 0.31
FTSE 7,718 7,664 55 0.71
Nikkei 22,663 22,507 155 0.69
HangSeng 28,249 27,820 429 1.54
IndianIndices 07‐Aug Prev_Day Abs.Change
%Change
#
S&PBSESensex 37,666 37,692 ‐26 ‐0.07
Nifty50 11,389 11,387 2 0.02
Nifty100 11,676 11,674 1 0.01
NiftyBank 27,876 27,899 ‐23 ‐0.08
SGXNifty 11,426 Closed NA NA
S&PBSEPower 1 ,994 1,996 ‐2 ‐0.12
S&PBSESmallCap 16,862 16,900 ‐37 ‐0.22
S&PBSEHC 14,551 14,614 ‐62 ‐0.43
Date P/E Div.Yield P/E Div.Yield
7‐Aug 24.11 1.17 28.26 1.18
MonthAgo 22.71 1.24 26.62 1.21
YearAgo 24.24 1.21 25.67 0.96
Nifty50Top3Gainers
Company 07‐Aug Prev_Day
%Change
#
TataSteel 573 553 3.60
AsianPaints 1424 1397 1.92
BajajFinance 2747 2696 1.90
Nifty50Top3Losers DomesticNews
Company 07‐Aug Prev_Day
%Change
#
AdaniPorts&SEZ 372 397 ‐6.30
CoalIndia 275 283 ‐2.74
HPCL 289 294 ‐1.87
AdvanceDeclineRatio
BSE NSE
Advances 1245 792
Declines 1484 1021
Unchanged 146 83
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐2851
MFFlows** 72502
*7
th
Aug2018;**3
rd
Aug2018
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)
08August2018
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
117
447
4.28%
(Mar‐18)
• After witnessing a volatile session and touching a record high level
during the initial hour, Indian markets pared all the gains and closed on a
flat note. Profit booking along with concerns over higher crude oil prices
kept the investors wary. Oil prices are expected to be impacted as U.S.
sanction against Iran came into effect. Further a major PSU bank reported
its second consecutive quarter of loss. However, respite was se en
following gains of some global peers.
• Key benchmark index S&P BSE Sensex fell 0.07% to close at 37,665.80
and Nifty 50 grew 0.02% to close at 11,389.45.
• The overall market breadth on BSE was weak with 1245 scrips
advancing and 1484 scrips declining. A total of 146 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Metal and S&P BSE Consumer
Durables were the major gainers, up 1.27% and 1.25%, respectively. S&P
BSE Basic Materials and S&P BSE Consumer Discretionary Goods and
Services grew 0.71% and 0.45%, respectively. S&P BSE Auto and S&P BSE
Teck grew 0.15% and 0.12%. The major losers were S&P BSE Finance and
S&P BSE Power, down 0.09% and 0.12%, respectively.
• In order to relax capital rules for banks, the government will hold a
discussion with the Reserve Bank of India (RBI). The rules will be brought
in line with the less stringent Basel III guidelines. This can free up around
Rs. 60,000 crore of capital at state‐owned banks and will allow them to
shore up lending.
• The National Highways Authority of India (NHAI) has set the base price
for leasing out eight operational national highways with total length of
586 km under the toll‐operate‐transfer rights auction of public roads at
Rs. 5,362 crore. Private parties will bid for collection of toll and
maintenance of stretches for a period of 30 years. The eight highways are
spread across West Bengal, Rajasthan and Bihar.
• Indian a uto producers h ave planned capex of up t o Rs. 58,000 crore
over the next two years, according to reports. This is the highest outlay in
a decade and reflects the companies’ confidence in domestic demand
prospects. It marks a 30% increase in capex compared with the past two
fiscal years. The money is going to spent on new products and capacity
expansion. Investments will also be made for compliance requirements.
• Punjab National Bank (PNB) reported a loss of Rs. 940 crore in the
quarter ended Jun 2018. The state‐run bank had made a profit of Rs. 343
crore in the corresponding period of the previous year. Sequentially the
bank’s performance was much better as it had reported a loss of Rs.
13,417 crore in the quarter ended Mar 2018. The improvement came on
the back of recovering a big portion of its bad debts and cost‐cutting
measures such as closing international and domestic branches.
• Mahindra and Mahindra Ltd profit increased 63% in first quarter of
2018‐19 because of robust sales. Standalone profit after tax came in at
₹1221 crore for the quarter ended Jun 2018 against Rs. 749 crore in the
year‐ago period. Revenue from operations increased more than 9% to Rs.
135.20 crore.
MarketsforYou
• Asian markets went up as investors set aside the ongoing concerns over
the trade row between U.S. and China and resorted to bargain hunting on
recent beaten down stocks. Higher global crude oil prices and corporate
earnings results from U.S. further contributed to the upside. Today (as of
Aug 8), Asian markets opened higher following positive close on the Wall
Street overnight. Both Nikkei and Hang Seng were trading up 0.25% and
0.32%, respectively (as at 8 a.m. IST).
• As per the last close, European markets closed on a positive note
following rise in Asian equity market and investors monitored latest batch
of corporate earnings. Sector wise, mining and energy stocks rose
following rise in commodity prices. Automakers also was among the top
performing stocks.
• As per the last close, U.S markets rose on continuous upbeat corporate
earnings news that overlooked concerns about the ongoing trade dispute
between the U.S. and China. Volumes were subdued as market
participants remained on the sidelines due to absence of major U.S.
economic data.
FIIDerivativeTradeStatistics 07‐Aug
(RsCr) Buy Sell OpenInt.
IndexFutures 1560.45 1706.72 26117.55
IndexOptions 51512.43 53460.93 58508.63
StockFutures 11454.08 11105.55 82830.85
StockOptions 6297.87 6441.33 8272.44
Total 70824.83 72714.53 175729.47
07‐Aug Prev_Day Change
PutCallRatio(OI) 1.68 1.70 ‐0.02
IndianDebtMarket
PutCallRatio(Vol) 1.15 1.10 0. 05
07‐Aug Wk.Ago Mth.Ago YearAgo
CallRate 6.33% 6.16% 6.15% 5.94%
CBLO 6.34% 6.24% 4.99% 5.97%
Repo 6.50% 6.25% 6.25% 6.00%
ReverseRepo 6.25% 6.00% 6.00% 5.75%
91DayT‐Bill 6.77% 6.69% 6.33% 6.13%
364DayT‐Bill 7. 23% 7.24% 7.16% 6.19%
10YearGilt 7.79% 7.77% 7.87% 6.46%
G‐SecVol.(Rs.Cr) 26784 26766 17580 26304
CurrencyMarketUpdate
FBILMIBOR 6.45% 6.25% 6.19% 6.00%
3MonthCPRate 7.55% 7.50% 7.20% 6.57%
5YearCorpBond 8.65% 8.64% 8.86% 7.36%
1MonthCDRate 6.60% 6.89% 6.30% 6.14%
3MonthCDRate 7.20% 7.30% 7.00% 6.18%
1YearCDRate 7.95% 8.06% 8.12% 6.48%
CommodityMarketUpdate
Currency 07‐Aug Prev_Day Change
USD/INR 68.80 68.68 0.12
GBP/INR 89.14 89.26 ‐0.12
EURO/INR 79.56 79.38 0.18
InternationalNews
JPY/INR 0.62 0.62 0.00
Commodity 07‐Aug WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 69.12 69.25 73.73 49.32
BrentCrude($/bl) 71.50 74.80 74. 57 51.91
Gold($/oz) 1211 1223 1254 1257
Gold(Rs./10gm) 29521 29660 30540 28554
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
08August2018
The information herein is meant o nly for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have been obtained from independent
third party sources and which are deemed to be reliable. The information provided cannot be considered as guidelines, recommendations or a s a professional guide for the readers. It may be noted
that since Reliance Nippon Life Asset Management Company Limited (RNLAM) (formerly Reliance Capital Asset Management Limited) has not independently verified the accuracy or authenticity of
such information or data, or for that matter the reasonableness of the a ssumptions upon which such data and information has been processed o r arrive data; RNLAM does not in any manner assures
the accuracy or authenticity of such data and information. Some of the statements & assertions contained in these materials may reflect RNLAM’s views or opinions, which in turn may have been
formed on the basis of such data or information. The Sponsor(s), the Investment Manager, the Trustee or any of their respective directors, employees, affiliates or representatives do not assume any
responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon the information provided herein, due
care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable, to the extent possible. This information is not intended to be an offer or solicitation for the
purchase or sale of any financial product or instrument. Recipients of this information should rely on information/data arising out o f t heir own investigations. Before making any investments, the
readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor(s), the Investment Manager, the Trustee,
their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary d amages, including on
accountoflostprofitsarisingfromtheinformationcontainedinthismaterial.
ReadersarerequestedtoclickhereforICRONdisclaimer‐http://www.icraonline.com/legal/standard‐disclaimer.html
DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty August 2018 Futures closed at 11,418.35, a p remium of 28.90
points, above the spot closing of 11,389.45. The turnover on NSE’s
Futures and Options seg ment increased to Rs. 5,62,374.58 on Aug 07
compared with Rs. 5,38,996.34 on Aug 06.
•ThePut‐Call ratio stood at .99 against previous session’s close of 1.00.
•TheNiftyPut‐Call ratio stood at 1.68 compared with the previous
session’s close of 1.70.
• Open interest on Nifty Futures stood at 28.02 million as against the
previous session’s close at 27.64 million.
•BondyieldsinchedupfollowingtheriseincrudeoilpricesasIran
received a sanction from the U.S., which is anticipated to tighten global
oil supply. Further, fresh supply of government bonds worth around Rs
12,700 crore through the auction by 11 Indian states kept the yield at an
elevated level.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) inched up 2
bps to close at 7.79% as against its previous close of 7.77%. During the
session, bond yields traded in the range of 7.76% and 7.79%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,281 crore (gross) on Aug 7, compared with
Rs. 4,416 crore (gross) borrowed on Aug 6. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 28,994
crore on Aug 6.
• The rupee strengthened against the greenback supported by dollar
sales by exporters. The rupee appreciated 0.29% to close at 68.68
against the previous close of 68.88.
• The euro edged up against the greenback as market participants
believe that the dollar rally owing to the trade tension between U.S. and
China may cease soon. Euro was last seen trading at $1.1601, up 0.42%
relative to the previous close of $1.553.
• Gold prices moved up as some traders were encouraged to buy the
bullion after its recent losses and a soft dollar.
• Brent crude rose on supply worries after U.S. introduced its economic
sanction against Iran as a result of which it would cease importing crude
oil from the key exporter.
• Data from Destatis showed that trade surplus of Germany fell to a
seasonally adjusted €19.3 billion in Jun from € 20.4 billion in May.
Exports witnessed nil growth on a monthly basis in Jun after rising 1.7%
in May. Imports grew 1.2% on a monthly in Jun 2018 after rising 0.7% in
May 2018. On a yearly basis, exports grew 7.8% in Jun after rising 1.3% in
May. Imports rose at a faster pace of 10.2% in Jun after increasing 0.9%
in the previous month.
• Data from Lloyds bank subsidiary Halifax and IHS Markit showed that
UK house prices increased at a faster pace in July to hit a record high
level. House prices grew 1 .4% on a monthly basis in Jul 2018 after rising
0.9% in Jun 2018. In three months to July, house prices grew 3.3% from
1.8% in the quarter ended June.
MarketsforYou
Thank you for
your time.