24Aug2018
MarketsforYou
GlobalIndices
GlobalIndices 23‐Aug Prev_Day Abs.Change
%Change
#
DowJones 25,657 25,734 ‐77 ‐0.30
Nasdaq 7,878 7,889 ‐11 ‐0.13
FTSE 7,563 7,574 ‐11 ‐0.15
Nikkei 22,411 22,363 48 0.22
HangSeng 27,790 27,928 ‐137 ‐0.49
IndianIndices 23‐Aug Prev_Day Abs.Change
%Change
#
S&PBSESensex 38,337 38,286 51 0.13
Nifty50 11,583 11,571 12 0.10
Nifty100 11,881 11,862 19 0.16
NiftyBank 28,028 28,258 ‐230 ‐0.81
SGXNifty 11,583 11,607 ‐24 ‐0.20
S&PBSEPower 2,035 2,022 13 0.66
S&PBSESmallCap 16,923 16,947 ‐24 ‐0.14
S&PBSEHC 15,426 15,302 124 0.81
Date P/E Div.Yield P/E Div.Yield
23‐Aug 24.72 1.15 28.32 1.16
MonthAgo 23.08 1.20 27.54 1.21
YearAgo 23.59 1.24 25.45 0.96
Nifty50Top3Gainers
Company 23‐Aug Prev_Day
%Change
#
AurobindoPharma 683 663 3.06
TechMahindra 727 709 2.43
L&TLtd. 1352 1323 2.23
Nifty50Top3Losers DomesticNews
Company 23‐Aug Prev_Day
%Change
#
TataMotors 257 269 ‐4.43
BPCL 358 369 ‐2.98
IndianOil 153 158 ‐2.73
AdvanceDeclineRatio
BSE NSE
Advances 1217 797
Declines 1512 1010
Unchanged 166 110
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐2148
MFFlows** 74728
*23
rd
Aug2018;**20
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)
24August2018
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
563
427
4.58%
(Apr‐18)
• Indian equity markets rose with benchmark indices touching fresh
record closing highs. Investors took positive cues from reports stating
that a major index heavyweight became the first company to cross Rs 8
trillion in terms of market capitalisation, resulting in India's most value d
firm. Some positive corporate announcements from pharma majors
generated buying interest.
• Nonetheless, gains were largely restricted by speculation that the U.S.
President's political position may be jeopardised by the legal woes of two
former advisors. Sentiments dampened further after both U.S. and China
imposed fresh tariffs on each other’s goods.
• Key benchmark indices S&P BSE Sensex and Nifty 50 rose 0.13% and
0.10% to close at 38,336.76 and 11,582.75, respectively. Meanwhile,
broader markets witnessed a mixed trend with S&P BSE Mid Cap rising by
0.20%, while S&P B SE Small Cap slipping by 0.14%.
• The overall market breadth on BSE was weak with 1,512 scrips declining
and 1,217 scrips advancing. A total of 166 scrips remained unchanged.
• A major global credit rating agency expects the Indian economy to grow
7.5% in 2018 and 2019. The rating agency opined that the Indian
economy is resilient to external pressures like that of increase in global
crude oil prices. The rating agency further noted that while an increase in
global cru de oil prices will raise domestic inflationary pressures
temporarily, strong urban and rural demand coupled with improved
industrial activity will provide support to the growth prospects of the
Indian e conomy. O n a separate note, the rating a gency for G‐20
economies forecasted a growth rate of 3.3% in 2018 and 3.1% in 2019.
For advanced economies the rating agency expects a growth rate of 2.3%
in 2018 and 2.0% in 2019. For G‐20 emerging economies, the rating
agency projected a growth rate of 5.1% in both 2018 and 2019.
• According to media reports, the U.S. has levied preliminary anti‐
dumping duties of mo re than 50% on me tal pipes that are being imported
from India, China and four other countries. The move is being seen as an
aggressive tactic by t he U.S. Administration to give protection to the
American industry. As per reports, the U.S. Administration has taken the
move after six pipe manufacturers in U.S. filed a antidumping complaint
with the U.S. Commerce Department in Jan 2018. Dumping is said to
occur when a company of foreign sells an imported product at an
artificially low price.
• According to media reports, Reliance Industries has become the first
company to cross Rs. 8 trillion in terms of market capitalization thereby
becoming the country's most valued firm.
• According to media reports, Reliance Infrastructure has missed
payments for its non‐convertible debentures worth Rs. 1.33 billion. The
company has informed that the payments will be made from the sale
proceeds of the Mumbai distribution business.
• According to media reports, Cognizant has agreed to acquire SaaSFocus
which is a digital transformation company focused on the Salesforce
platform. The objective of the move is to boost its consultancy
capabilities in cloud space and expand its geographical reach in the Asia‐
Pacific region.
• Asian markets closed largely on positive note as investors are keenly
looking ahead to the trade talks between U.S. and China following the
imposition of tariffs by both the nations on goods imported from the each
other. Market participants also took positive cues from a private survey
showing continued expansion in Japan's manufacturing sector in Aug.
Today(asofAug24),Asianmarketsopenedonamixednoteonrenewed
trade concerns between China and the U.S and economic data from
Japan. While Nikkei was trading higher 0.23%, Hang Seng was down
0.75% (as at 8 a.m. IST).
• As per the last c lose, European markets closed marginally lower on
concerns over trade tensions between the U.S. and China. However,
losses were almost neutralized encouraged by some p ositive economic
data from both Germany and France.
• As per the last close, U.S markets closed slightly lower amid renewed
concerns after the U.S. imposed tariffs on $16 billion worth of Chinese
goods. China said to lodge a complaint against the measure under the
World Trade Organization's dispute settlement mechanism.
MarketsforYou
FIIDerivativeTradeStatistics 23‐Aug
(RsCr) Buy Sell OpenInt.
IndexFutures 1666.60 2034.64 31622.15
IndexOptions 72012.40 71648.14 71737.97
StockFutures 13074.50 13173.96 87980.17
StockOptions 9586.36 9515.00 11395.39
Total 96339.86 96371.74 202735.68
23‐Aug Prev_Day Change
PutCallRatio(OI) 1.73 1.70 0.02
IndianDebtMarket
PutCallRatio(Vol) 1.22 1.20 0.02
23‐Aug Wk.Ago Mth.Ago YearAgo
CallRate 6.41% 6.44% 6.23% 5.92%
CBLO 6.51% 5.84% 6.33% 5.99%
Repo 6.50% 6.50% 6.25% 6.00%
ReverseRepo 6.25% 6.25% 6.00% 5.75%
91DayT‐Bill 6.80% 6.78% 6.60% 6.11%
364DayT‐Bill 7.29% 7.28% 7.21% 6.26%
10YearGilt 7.88% 7.86% 7.81% 6.54%
G‐SecVol.(Rs.Cr) 24506 24619 23443 29351
CurrencyMarketUpdate
FBILMIBOR 6.55% 6.46% 6.31% 6.03%
3MonthCPRate 7.75% 7.70% 7.75% 6.55%
5YearCorpBond 8.65% 8.70% 8.75% 7.39%
1MonthCDRate 6.53% 6.53% 6.63% 6.07%
3MonthCDRate 7.19% 7.19% 6.99% 6.19%
1YearCDRate 8.03% 7.92% 7.95% 6.49%
CommodityMarketUpdate
Currency 23‐Aug Prev_Day Change
USD/INR 70.07 69.67 0. 40
GBP/INR 90.26 89.40 0.86
EURO/INR 81.05 80.25 0.80
InternationalNews
JPY/INR 0.63 0.63 0.00
Commodity 23‐Aug WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 68.93 65.39 67.85 48.40
BrentCrude($/bl) 73.62 68.40 73.73 52.62
Gold($/oz) 1185 1174 1224 1290
Gold(Rs./10gm) 29530 29361 29948 28975
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
24August2018
The information herein is meant only 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 as a professional guide for the readers. It may be noted
that since Reliance Nippon Life Asset Management Company Limited (RNAM) has not independently verified the accuracy or authenticity of such information or data, or for that matter the
reasonableness of the assumptions upon which such data and information has been processed or arrive data; RNAM does n ot in any manner assures the accuracy or authenticity of such data and
information. Some of the statements & assertions contained in these materials may reflect RNAM’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 of their own investigations. Before making any investments, the readers are advised to seek independent
professional adv ice, verify t he contents in order to arrive at an informed investment de cision. None o f 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 damages, including on account of lost profits arising from the
informationcontainedinthismaterial.
ReadersarerequestedtoclickhereforICRONdisclaimer‐http://www.icraonline.com/legal/standard‐disclaimer.html
DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty August 2018 Futures closed at 11,595.4, a premium of 12.65
points, above the spot closing of 11,582.75. The turnover on NSE’s
Futures and Options segment increased to Rs. 17,81,185.26 on A ug 23
compared with Rs. 7,11,442.95 on Aug 21.
•ThePut‐Call ratio stood at 0.82 against previous session’s close of 0.91.
•TheNiftyPut‐Call ratio stood at 1.73 compared with the previous
session’s close of 1.71.
• Open interest on Nifty Futures stood at 34.47 million as against the
previous session’s close at 33.35 million.
• Bond yields rose following an increase in global crude oil prices that
fueled concerns of a possible increase in domestic inflationary pressures.
A weaker rupee against the greenback renewed worries of foreign fund
outflow from the Indian economy which also weighed on the market
sentiment. The rupee depreciated against the greenback after the U.S.
Federal Reserve’s latest meeting minutes indicated that the U.S. central
bank may go for a rate hike in Sep 2018.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) rose 5 bps to
close at 7.88% from the previous closing of 7.83% after t rading in a range
of 7.86% to 7.88%.
• Banks borrowed Rs. 802 crore under the central bank’s Marginal
Standing Facility on Aug 21 compared to that of Aug 2 0 when banks
borrowed Rs. 2,870 crore.
• The rupee fell against the U.S. dollar after minutes of the U.S. Federal
Reserve’s latest meeting increased the possibility of a rate hike by the
U.S. central bank next month. The rupee closed at 70.11, down 0. 43%
compared to the previous close of 69.81.
• The euro fell against the greenback a fter the U.S. Federal Reserve’s
latest policy meeting minutes indicated a rate hike in Sep 2018. Euro w as
last seen trading at $1.1575, down 0.18% against the previous close of
$1.1596.
• Gold prices traded low following the minutes of U.S. Federal Reserve’s
latest meeting, which indicated that further interest rate hikes are on
track.
• Brent Crude prices traded higher after U.S. crude supplies fell b y 5.2
million barrels for the we ek to Aug 17.
• According to a report released by the National Association of Realtors,
the U.S. existing home sales unexpectedly decreased 0.7% to an annual
rate of 5.34 million in J ul 2018 as against 0.6% fall to a ra te of 5 .38
million in Jun 2018.
• According to flash data from HIS Markit, the composite output index
for eurozone rose to 54.4 in Aug 2018 from 54.3 in Jul 2018. The s ervices
Purchasing Managers' Index (PMI) also stood at 54.4 in Aug from 54.2 a
month ago. Although, eurozone’s private sector continued to expand in
Aug, the rate of expansion was weakest seen past one and a half year.
MarketsforYou
Thank you for
your time.