14 Aug 2018
Markets for You
Global Indices
Global Indices 13-Aug Prev_Day Abs. Change
% Change
#
Dow Jones 25,188 25,313 -125 -0.50
Nasdaq 7,820 7,839 -19 -0.25
FTSE 7,642 7,667 -25 -0.32
Nikkei 21,857 22,298 -441 -1.98
Hang Seng 27,937 28,367 -430 -1.52
Indian Indices 13-Aug Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,645 37,869 -224 -0.59
Nifty 50 11,356 11,430 -74 -0.65
Nifty 100 11,625 11,707 -83 -0.71
Nifty Bank 27,794 28,124 -330 -1.17
SGX Nifty 11,390 11,432 -42 -0.36
S&P BSE Power 1,969 1,988 -20 -0.99
S&P BSE Small Cap 16,654 16,784 -130 -0.78
S&P BSE HC 14,332 14,254 78 0.55
Date P/E Div. Yield P/E Div. Yield
13-Aug 24.37 1.18 27.80 1.18
Month Ago 23.41 1.20 27.38 1.18
Year Ago 23.13 1.26 24.80 0.99
Nifty 50 Top 3 Gainers
Company 13-Aug Prev_Day
% Change
#
GAIL 375 363 3.44
Tech Mahindra 660 646 2.17
Sun Pharma 564 554 1.79
Nifty 50 Top 3 Losers Domestic News
Company 13-Aug Prev_Day
% Change
#
BPCL 380 402 -5.45
HPCL 273 286 -4.56
Indiabulls HFC 1277 1325 -3.65
Advance Decline Ratio
BSE NSE
Advances 954 571
Declines 1738 1252
Unchanged 165 71
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -75
MF Flows** 72753
*13
th
Aug 2018; **7
th
Aug 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
4.17%
(Jul-18)
2.36%
(Jul-17)
IIP
7.00%
(Jun-18)
-0.30%
(Jun-17)
GDP
7.70%
(Mar-18)
6.10%
(Mar-17)
14 August 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
5.30%
(Mar-18)
7.00%
(Dec-17)
Quarter Ago
Inflow/Outflow
15
1332
4.58%
(Apr-18)
• Domestic equity markets ended in the red as crisis of the Turkish
currency lira continued to affect global markets. Investors back home
remained cautious of the release of inflation data for Jul 2018 after
market hours. Consumer price inflation was at five-month high in Jun
2018 and had prompted the Monetary Policy Committee to increase
interest rates. In the meantime, rupee fell to a fresh low against the U.S.
dollar.
• Key benchmark indices S&P BSE Sensex fell 0.59% to close at 37,644.90
and Nifty 50 dropped 0.65% to 11,355.75. S&P BSE Mid-Cap and S&P BSE
Small Cap fell 0.70% and 0.78%, respectively.
• The overall market breadth on BSE was weak with 954 scrips advancing
and 1738 scrips declining. A total of 165 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Information Technology and S&P BSE
Teck were the major gainers, up 1.24% and 0.77%, respectively. S&P BSE
Healthcare and S&P BSE Fast Moving Consumer Goods grew 0.55% and
0.16%, respectively. The major losers were S&P BSE Capital Goods and
S&P BSE Utilities, down 0.33% and 0.36%, respectively.
• Government data showed that growth of India’s consumer price
inflation or retail inflation fell to 4.17% in Jul 2018 from 4.92% in Jun 2018.
However, it increased as against 2.36% in Jul 2017. The growth in
Consumer Food Price Index came in at 1.37% in Jul 2018 compared with
2.91% in Jun 2018 and -0.36% in the same month of the previous year.
Among the key components, housing grew 8.30% in Jul 2018 as against a
growth of 8.45% in Jun 2018. Inflation in clothing and footwear came in at
5.28% in Jul 2018 compared to 5.67% in Jun 2018. Fuel and light inflation
grew 7.96% in Jul 2018 from 7.14% in Jun 2018.
• The government had made a ‘Digital North-East Vision 2022”.
Investments relate to telecom infrastructure other than setting up BPOs,
enhancing electronics manufacturing and pushing digital payments, start-
ups and cyber security.
• Oil India Ltd.’s profit increased 56% to Rs. 703 crore in the first quarter
ended Jun 2018 on the back of higher revenue from the crude oil
segment. It still missed expectations. Profit was at Rs. 450 crore in the
year-ago period. Revenue from operations increased around 45% to Rs.
3,390 crore.
• Infosys Ltd plans to open a software development centre in West Bengal
at an investment of around Rs. 1 billion. The facility, spread at 525,000-
square feet, will accommodate 1,000 employees after the first phase of
construction.
• Indian Oil Corp plans to invest Rs. 20,000 crore in city gas distribution
projects in the coming 5-8 years. India’s largest oil company is betting big
on the gas business as it sees rise in demand in the future. Indian Oil Corp
owns a third of the country’s oil refining capacity.
• Indian Oil Corporation Ltd.’s profit increased 30.9% to Rs. 6,831 crore in
the quarter ended Jun 2018 as inventory went up significantly. The results
beat estimates. Revenue increased 10.3% QoQ to Rs. 1.29 lakh crore but
could cross expectations.
Markets for You
• Asian markets came under pressure because of global cues as the
Turkish currency crisis deepened. Altercations between the U.S. and
Turkey have hit the latter’s currency badly and led to fears of a global
spill-over. Chinese market’s fall was cushioned by rise in domestic
technology stocks on the back of government announcing reforms in the
sector. Today (as of Aug 14), Asian markets opened higher as the market
shrugged off the recent uncertainty over Turkey crisis. Both Nikkei and
Hang Seng were trading up 1.12% and 0.01%, respectively (as at 8.a.m.
IST).
• As per the last close, European markets closed lower as concerns over
the currency crisis in Turkey and the fear of contagion continued to weigh
on the market sentiments. Decline in crude oil prices also weighed on
market sentiments.
• As per the last close, U.S markets closed lower as persistent concerns
about the Turkish economy and the recent sell-off of Turkish lira
continued to weigh on market sentiments. Decline in crude oil prices also
added to the losses.
FII Derivative Trade Statistics 13-Aug
(Rs Cr) Buy
Sell Open Int.
Index Futures 1529.29 1752.62 28032.80
Index Options 54569.44 54390.39 59919.43
Stock Futures 12866.84 12761.99 85069.47
Stock Options 9595.79 9402.28 10253.27
Total 78561.36 78307.28 183274.97
13-Aug Prev_Day
Change
Put Call Ratio (OI) 1.66 1.75 -0.09
Indian Debt Market
Put Call Ratio(Vol) 1.05 1.24 -0.20
13-Aug Wk. Ago Mth. Ago
Year Ago
Call Rate 6.34% 6.29% 6.16% 5.85%
CBLO 6.34% 6.24% 6.23% 5.89%
Repo 6.50% 6.50% 6.25% 6.00%
Reverse Repo 6.25% 6.25% 6.00% 5.75%
91 Day T-Bill 6.65% 6.76% 6.53% 6.11%
364 Day T-Bill 7.23% 7.23% 7.19% 6.22%
10 Year Gilt 7.82% 7.77% 7.79% 6.50%
G-Sec Vol. (Rs.Cr) 35977 18937 37952 39777
Currency Market Update
FBIL MIBOR 6.50% 6.45% 6.29% 5.99%
3 Month CP Rate 7.65% 7.55% 7.55% 6.56%
5 Year Corp Bond 8.67% 8.64% 8.76% 7.39%
1 Month CD Rate 6.80% 6.60% 6.38% 6.13%
3 Month CD Rate 7.12% 6.98% 6.98% 6.19%
1 Year CD Rate 8.00% 7.95% 7.99% 6.49%
Commodity Market Update
Currency 13-Aug Prev_Day
Change
USD/INR 69.47 68.95 0.51
GBP/INR 88.63 88.19 0.44
EURO/INR 79.19 79.00 0.19
International News
JPY/INR 0.63 0.62 0.01
Commodity 13-Aug Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 67.20 68.96 70.98 48.76
Brent Crude($/bl) 69.81 72.15 73.80 51.76
Gold( $/oz) 1193 1206 1241 1289
Gold(Rs./10 gm) 29674 29491 30080 29002
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
14 August 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty August 2018 Futures closed at 11,381.15, a premium of 24.40
points, above the spot closing of 11,355.75. The turnover on NSE’s
Futures and Options segment increased to Rs. 6,76,611.05 on Aug 13
compared with Rs. 5,53,971.86 on Aug 10.
• The Put-Call ratio stood at 0.91 against previous session’s close of 0.99.
• The Nifty Put-Call ratio stood at 1.66 compared with the previous
session’s close of 1.75.
• Open interest on Nifty Futures stood at 29.67 million as against the
previous session’s close at 29.90 million.
• Bond yields surged as rupee declined to a record low against the
greenback after the Turkish lira plunged against the greenback which
particularly impacted emerging economies. Market participants also
remained on the sidelines ahead of the release of retail inflation data for
Jul 2018.
• Yield on the 10-year benchmark paper (7.17% GS 2028) increased 7
bps to close at 7.82% as against its previous close of 7.75%. During the
session, bond yields traded in the range of 7.78% and 7.83%.
• Banks borrowed Rs 55 crore under the central bank’s Marginal
Standing Facility on Aug 10. On Aug 9, it did not borrow.
• RBI conducted auction of 7-day variable rate reverse repo for notified
amount of Rs. 40,000 crore of which Rs. 19,389 crore was accepted at a
cut-off rate of 6.49%.
• The rupee declined to a record low against the greenback as a fallout
of the tumbling Turkish lira that adversely impacted the financial market
of emerging economies.
• The euro remained weak, far below the 1.15 mark, against the
greenback as the European banks’ vulnerability to the falling Turkish lira
continued to be a concern. The political unrest in Italy, too, kept market
participants cautious and weighed on the currency.
• Gold prices lowered as the greenback registered gains against major
currencies amid the financial crisis in Turkey.
• Brent crude prices marginally fell amid the currency crises in Turkey,
which hurt the demand outlook for fuel.
• The Central Bank of the Republic of Turkey adopted measures improve
liquidity in the foreign exchange market to strengthen the Turkish Ira
that had plunged to a record low. The Central Bank of the Republic of
Turkey lowered reserve requirement ratios by 250 bps for all maturity
brackets and by the same magnitude for non-core foreign exchange
liabilities by 400 bps for the various maturities.
• Data from Istat showed that Italy's consumer price inflation
accelerated as initially estimated in Jul 2018. Consumer prices grew 1.5%
on a yearly basis in Jul, faster than 1.3% rise in Jun 2018. However, core
inflation which excludes energy and unprocessed food, eased to 0.7%
from 0.8% in the same time period. On a monthly basis, consumer prices
grew 0.3% in Jul 2018.
Markets for You
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