16Aug2018
MarketsforYou
GlobalIndices
GlobalIndices 15‐Aug Prev_Day Abs.Change
%Change
#
DowJones 25,162 25,300 ‐138 ‐0.54
Nasdaq 7,774 7,871 ‐97 ‐1.23
FTSE 7,498 7,612 ‐114 ‐1.49
Nikkei 22,204 22,356 ‐152 ‐0.68
HangSeng 27,324 27,753 ‐429 ‐1.55
IndianIndices 14‐Aug Prev_Day Abs.Change
%Change
#
S&PBSESensex 37,852 37,645 207 0.55
Nifty50 11,435 11,356 79 0.70
Nifty100 11,703 11,625 79 0.68
NiftyBank 28,022 27,794 227 0.82
SGXNifty 11,470 11,390 80 0.70
S&PBSEPower 1 ,966 1,969 ‐3 ‐0.14
S&PBSESmallCap 16,743 16,654 89 0.53
S&PBSEHC 14,687 14,332 355 2.48
Date P/E Div.Yield P/E Div.Yield
14‐Aug 24.47 1.18 28.02 1.18
MonthAgo 23.41 1.20 27.38 1.18
YearAgo 23.48 1.24 25.02 0.98
Nifty50Top3Gainers
Company 14‐Aug Prev_Day
%Change
#
SunPharma 602 564 6.72
YesBank 383 371 3.18
Lupin 837 812 3.05
Nifty50Top3Losers DomesticNews
Company 14‐Aug Prev_Day
%Change
#
UnitedPhos 610 625 ‐2.39
HeroMoto 3266 3308 ‐1.27
L&TLtd. 1253 1269 ‐1.25
AdvanceDeclineRatio
BSE NSE
Advances 1302 892
Declines 1390 902
Unchanged 141 118
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐1001
MFFlows** 72753
*14
th
Aug2018;**7
th
Aug2018
EconomicIndicator
YoY(%) Current YearAgo
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)
16August2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
5.30%
(Mar‐18)
7.00%
(Dec‐17)
QuarterAgo
Inflow/Outflow
15
‐926
4.58%
(Apr‐18)
• Government data showed that India’s Wholesale Price Index‐based
inflation (WPI) decreased to 5.09% in Ju l 2018 from 5.77% in Jun 2018 as
prices of food articles, mainly fruits and vegetables, came down.
Wholesale price inflation was at 1.88% in Jul 2017. Inflation in food
articles fell to 2.16% from an increase of 1.80% in Jun. Inflation in
vegetables decreased to 14.07% in Jul from a rise of 8.12% in Jun. Fruit
inflation fell to 8.81% in Jul from an increase of 3.87% in Jun. ‘Fuel and
power' inflation went up to 18.10% in Jul from 16.18% in Jun. The WPI
Food Index came in at ‐0.86% in Jul against 1.56% in Jun.
• Since activities between two offices is treated as supplies under GST
law, salary for services such as accounting, IT, human resource, given by a
company’s head office to its branch in other states will attract 18% GST.
The order was passed by the Karnataka bench of the Authority for
Advance Ruling (AAR). The bench said valuation of supply will include
employee cost provided by one distinct entity to the other distinct
entities. In effect, companies w ith offices in more than one state will have
to raise GST invoice for functions done by employees in head office that
has helped branches in other states.
• The govern ment may ease t he compulsory 80% land acquisition
condition for highways before they start construction. This is being
considered to fasten road building and start more projects, according to
media reports. The condition may be relaxed to 50% land acquisition.
• India’s trade deficit in Jul 2018 increased to more than five‐year high at
$18.02 billion. The rise was on the back of increase in oil imports that
stood at $12.35 billion, a 57.41% jump. Merchandise exports increased
14.32% YoY to $25.77 billion and imports rose 28.81% to $43.79 billion.
Merchandise exports last month rose to $25.77 billion from a year ago,
while imports rose 28.81 percent to $43.79 billion, the commerce
ministry said.
MarketsforYou
• Asian markets settled down as the rebound in Turkey’s currency lira
was short lived. Lira had rebounded more than 8% but started falling
again, adding to investor concerns that the effects will spill over into
emerging countries. In the meantime, Turkey threatened to boycott
American goods. Today (as of Aug 16), Asian markets opened lower
following negative close on the Wall Street overnight. Both Nikkei and
Hang Seng were trading up 0.12% and 0.46%, respectively (as at 8 a.m.
IST).
• As per the last close, European markets fell sharply on renewed
concerns about Turkey after its government announced an increase in
tariffs on American cars, alcohol and cigarettes. Turkey’s currency Turkish
lira fell to a record low.
• As per the last close, U.S markets dropped on renewed concerns about
Turkey after its government announced an increase in tariffs on American
cars, alcohol and cigarettes. Mo reover, decline in technology shares
further dampened the sentiment.
• Domestic equity markets gained on the eve of Independence Day as
drop in inflation numbers soothed investor nerves. CPI fell to 9‐month
low a nd WPI decreased too in Jul 2018. Investors cheered the numbers as
a contained inflation could mean that the Reserve Bank of India may not
increase rates any time soon. Concerns over Turkey’s currency crisis
eased as lira gained slightly against the U.S. dollar. The free fall in lira had
been pulling rupee and other Asian currencies down as well, leading to
fears of the crisis spreading across the world.
• Key benchmark indices S&P BSE Sensex and Nifty 50 increased 0.55%
and 0.70% to close at 37,852.00 and 11,435.10, respectively. S&P BSE
Mid‐Cap and S&P BSE Small Cap gained 0.89% and 0.53%, respectively.
• The market breadth on BSE was weak with 1302 scrips advancing and
1390 scrips declining. A total of 141 scrips remained unchanged.
• On the BSE sectoral front S&P BSE Healthcare stood as the major gainer,
up 2.48% followed by S&P BSE Realty that grew 1.84%. S&P BSE Energy
and S&P BSE Bankex grew 1.26% and 0.96%. The major losers were S&P
BSE Power and S&P BSE Industrials, falling 0.14% and 0.22%.
FIIDerivativeTradeStatistics 14‐Aug
(RsCr) Buy Sell OpenInt.
IndexFutures 2015.49 2737.91 28023.56
IndexOptions 71448.39 71852.23 62983.05
StockFutures 11154.74 10676.09 84822.14
StockOptions 8114.83 8194.01 9999.00
Total 92733.45 93460.24 185827.75
14‐Aug Prev_Day Change
PutCallRatio(OI) 1.70 1.66 0.04
IndianDebtMarket
PutCallRatio(Vol) 1.14 1.05 0.09
14‐Aug Wk.Ago Mth.Ago YearAgo
CallRate 6.37% 6.33% 6.16% 5.86%
CBLO 6.45% 6.34% 6.23% 5.93%
Repo 6.50% 6.50% 6.25% 6.00%
ReverseRepo 6.25% 6.25% 6.00% 5.75%
91DayT‐Bill 6.80% 6.77% 6. 53% 6.10%
364DayT‐Bill 7.27% 7.23% 7.19% 6.24%
10YearGilt 7.82% 7.79% 7.79% 6.52%
G‐SecVol.(Rs.Cr) 28801 26784 37952 28910
CurrencyMarketUpdate
FBILMIBOR 6.50% 6.45% 6.29% 6.00%
3MonthCPRate 7.75% 7.55% 7.55% 6.55%
5YearCorpBond 8.66% 8.63% 8.76% 7.40%
1MonthCDRate 6.56% 6.60% 6.38% 6.12%
3MonthCDRate 7.17% 7.20% 6.98% 6.19%
1YearCDRate 8.04% 7.95% 7.99% 6.47%
CommodityMarketUpdate
Currency 14‐Aug Prev_Day Change
USD/INR 69.77 69.47 0.30
GBP/INR 89.23 88.63 0.60
EURO/INR 79.70 79.19 0.51
InternationalNews
JPY/INR 0.63 0.63 0.00
Commodity 14‐Aug WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 66.99 69.12 70.98 47.54
BrentCrude($/bl) 69.96 1213.20 1241.00 1271.38
Gold($/oz) 1194 1211 1241 1282
Gold(Rs./10gm) 29541 29521 30080 28901
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
16August2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yields remained steady as market participant stayed on the
sidelines watching the movement of rupee, which has been falling
against the greenback due to the Turkish financial crises. Further, the
market remains cautious ahead of the minutes of the Monetary Policy
Committee’s latest policy meeting, which is due on Aug 16.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) closed steady
at 7.82% as against its previous close. During the session, bond yields
traded in the range of 7.79% and 7.82%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs.12,550 crore (gross) on Aug 14 compared to a
borrowing of Rs. 3,546 crore on Aug 13. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 10,281
crore on Aug 13.
• According to the C ommerce Department, U.S. retail sales increased
more than expected in Jul 2018. Retail sales w ent up 0.5% in Jul
compared with estimates for 0.1% rise. The department downwardly
revised Jun figure to 0.2% from 0.5% reported earlier. The increase in Jul
was helped by modest rise in sales by motor vehicle and parts dealers.
• A Federal Reserve report showed production inched up a tad in Jul
2018 by 0.1% after increasing 1.0% in Jun 2018. Expectations were for
0.3% rise.
MarketsforYou
• Nifty August 2018 Futures closed at 11,463.45, a premium of 28.35
points, above the spot closing of 11,435.10. The turnover on NSE’s
Futures and Options segment increased to Rs. 7,49,496.29 on Aug 14
compared with Rs. 6,76,611.05 on Aug 13.
•ThePut‐Call ratio stood at 0.93 against previous session’s close of 0.91.
•TheNiftyPut‐Call ratio stood at 1.70 compared with the previous
session’s close of 1.66.
• India VIX d eclined 1.52% to 13.1950 from 13.4000 in the p revious
trading session.
• Open interest on Nifty Futures stood at 30.23 million as against the
previous session’s close at 29.67 million.
• The rupee fell initially against the greenback after breaching the 70‐
level for t he first time. However, it managed to neutralise losses followin
g
a rebound in the T urkish lira. Possible i ntervention by the Reserve Bank o
f
India also added to the gains.
• The euro fell against the greenback as persisting worries regardin
g
continued weakness in the Turkish Ira fuelled concerns about European
banks' exposure to Turkey.
• Gold prices traded well below the $1200 level, as U.S. key interest rates
are poised to go higher, and market sentiments are bearish on the
bullion.
• Brent Crude prices traded lower amid concerns over rising U.S. oil
inventories.
Thank you for
your time.