16 Jul 2018
Markets for You
Global Indices
Global Indices 13-Jul Prev_Day Abs. Change
% Change
#
Dow Jones 25,019 24,925 95 0.38
Nasdaq 7,826 7,824 2 0.03
FTSE 7,662 7,651 11 0.14
Nikkei 22,597 22,188 409 1.85
Hang Seng 28,525 28,481 45 0.16
Indian Indices 13-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,542 36,548 -7 -0.02
Nifty 50 11,019 11,023 -4 -0.04
Nifty 100 11,259 11,270 -11 -0.10
Nifty Bank 26,936 27,027 -91 -0.34
SGX Nifty 11,022 11,040 -18 -0.16
S&P BSE Power 1,911 1,926 -16 -0.81
S&P BSE Small Cap 16,196 16,420 -224 -1.36
S&P BSE HC 14,057 14,158 -101 -0.71
Date P/E Div. Yield P/E Div. Yield
13-Jul 23.41 1.20 27.38 1.18
Month Ago 23.42 1.14 27.54 1.22
Year Ago 23.54 1.22 25.17 1.08
Nifty 50 Top 3 Gainers
Company 13-Jul Prev_Day
% Change
#
BPCL 387 377 2.46
Bajaj Finance 2469 2415 2.22
Infosys 1317 1294 1.78
Nifty 50 Top 3 Losers Domestic News
Company 13-Jul Prev_Day
% Change
#
Zee Ente. 509 534 -4.67
Bharti Infratel 303 314 -3.61
United Phos 563 582 -3.33
Advance Decline Ratio
BSE NSE
Advances 800 459
Declines 1835 1344
Unchanged 133 81
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -5493
MF Flows** 69998
*13
th
Jul 2018; **9
th
Jul 2018
Economic Indicator
YoY(%) Current Year Ago
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)
16 July 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
6.90%
(Feb-18)
7.00%
(Dec-17)
Quarter Ago
Inflow/Outflow
14
-942
4.28%
(Mar-18)
• According to the trade ministry, India’s trade deficit reached its highest
level in more than five years in Jun 2018. Trade deficit stood at $16.6
billion in Jun 2018 from $14.62 billion in May 2018. Imports went up
21.31% YoY to $44.30 billion in Jun 2018 due to rise in oil imports that
jumped 56.61% to $12.73 billion. Merchandise exports rose 17.57% YoY
to $27.7 billion. Meanwhile, gold imports dropped 2.8% YoY to $2.39
billion.
• The Securities and Exchange Board of India (SEBI) has altered the
methodology for daily stress testing for commodity derivatives. This
comes as part of strengthening the risk management system. SEBI stated
that the modification is done keeping in mind the various features and
concerns of commodity derivatives markets.
• The stocks brokers in the country have been asked by Securities and
Exchange Board of India (SEBI) to stop accepting cash from their clients.
Further, SEBI has barred the stock brokers from receiving cash deposits
in their bank accounts from the clients. Meanwhile, with an aim to
accelerate the listing process, SEBI is planning bring in an alternative
payment mechanism in initial public offers for retail investors.
• According to a report from the Reserve Bank of India (RBI) on State
Finances, it has mentioned that more fiscal pressures are witnessed in
the last two fiscal years (2015-16 and 2016-17) for several States which
includes- pay revisions, interest payments and other state-specific
schemes like farm-loan waivers. Thus, monetary policy committee is
cautious of the fiscal positions of the States and the central bank has
asked the States to improve their expenses side and limit their budget
for a sustainable growth.
• India’s Chief Economic Adviser who announced to resign on Jul 26
opined that Indian banking sector should have only dozon of banks. From
this, there should be 3 to 5 public sector banks and remaining private
sector banks, he added. He said, country need to think about how to
improve governance, more private sector participation in the Indian
banking sector.
Markets for You
• Asian markets mostly closed in the green on better-than-expected
Chinese trade data and on expectations that U.S.-China trade war might
get resolved after the U.S. Treasury Secretary stated that the U.S. could
renegotiate trade talks only if China is willing to make structural changes.
However, stronger yen restricted gains. Today (as of July 16), Asian
markets opened on a lower note as investors remained cautious ahead of
the release of China’s key economic data due later in the day. Hanseng
fell 0.34% (as at 8.a.m. IST). Nikkei remained closed for holiday.
• As per the last close, European markets closed slightly higher due to
gains in industrial stocks after a leading British recruitment firm stated
that rise in hiring in Germany and Australia had boosted net fees for
fourth-quarter by 14%. Investors remained focus on U.K. as they host a
visit from U.S. President.
• As per the last close, U.S markets closed modestly higher following
gains in technology and energy stocks. However, weakness in banking
sectors amid mixed quarterly results from financial giants capped the
gains.
• After a volatile session, Indian Equity markets closed marginally lower.
Surge in retail inflation data to 5-month high for Jun 2018 and fall in
index of industrial production growth to seven-month low in May 2018
weighed on the market sentiment. Decline in banking and FMCG stocks
further weighed on the indices. However, strengthening of rupee and
positive global cues amid easing trade tension capped the losses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.02% and
0.04% to close at 36,541.63 and 11,018.90, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap fell 0.77% and 1.36%.
• The market breadth on BSE was weak with 1,835 scrips declining and
800 scrips advancing. A total of 133 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Telecom stood as the major loser,
down 1.98% followed by S&P BSE Realty that fell 1.36%. S&P BSE Basic
Materials and S&P BSE Basic Industrials fell 1.15% and 1.05%,
respectively. S&P BSE Consumer Durables stood as the major gainer, up
0.91% followed by S&P BSE Energy that grew 0.78%. S&P BSE
Information Technology and S&P BSE Oil & Gas grew 0.34% and 0.01%,
respectively.
FII Derivative Trade Statistics 13-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 3455.15 2873.42 25084.93
Index Options 102392.32 99240.40 61718.61
Stock Futures 12590.82 11425.88 80976.43
Stock Options 9438.21 9490.62 6497.06
Total 127876.50 123030.32 174277.03
13-Jul Prev_Day
Change
Put Call Ratio (OI) 1.79 1.73 0.06
Indian Debt Market
Put Call Ratio(Vol) 1.05 1.02 0.03
13-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 6.16% 6.15% 6.08% 6.05%
CBLO 6.23% 4.99% 6.14% 6.15%
Repo 6.25% 6.25% 6.25% 6.25%
Reverse Repo 6.00% 6.00% 6.00% 6.00%
91 Day T-Bill 6.53% 6.33% 6.43% 6.15%
364 Day T-Bill 7.19% 7.16% 7.02% 6.28%
10 Year Gilt 7.79% 7.87% 7.93% 6.46%
G-Sec Vol. (Rs.Cr) 37952 17580 27689 66625
Currency Market Update
FBIL MIBOR 6.29% 6.19% 6.25% 6.25%
3 Month CP Rate 7.55% 7.20% 7.75% 6.64%
5 Year Corp Bond 8.76% 8.86% 8.72% 7.44%
1 Month CD Rate 6.38% 6.30% 6.99% 6.26%
3 Month CD Rate 6.98% 7.00% 7.16% 6.30%
1 Year CD Rate 7.99% 8.12% 8.44% 6.61%
Commodity Market Update
Currency 13-Jul Prev_Day
Change
USD/INR 68.41 68.63 -0.22
GBP/INR 90.07 90.67 -0.60
EURO/INR 79.76 80.17 -0.40
International News
JPY/INR 0.61 0.61 0.00
Commodity 13-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 70.98 73.73 66.63 46.01
Brent Crude($/bl) 73.80 74.57 74.16 47.74
Gold( $/oz) 1241 1254 1299 1217
Gold(Rs./10 gm) 30080 30540 30385 27936
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
16 July 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields rose after India’s consumer price inflation data surged to a
five-month high in Jun 2018. However, it was lower than market
expectations. Also, easing of index of industrial production data to a
seven-month low in May 2018 weighed on investors’ sentiment.
• Yield on the 10-year benchmark paper (7.17% GS 2028) rose 1 bps to
close at 7.79% as against its previous close of 7.78%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 6,928 crore (gross) on Jul 13, compared with
Rs. 6,143 crore (gross) borrowed on Jul 12. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 10,860
crore on Jul 12.
• Banks borrowed Rs. 55 crore under the central bank’s Marginal
Standing Facility on Jul 12 compared with borrowing of Rs. 420 crore on
Jul 11.
• According to data from Labor Department, U.S. import prices declined
0.4% in Jun 2018 as against upwardly revised 0.9% rise in May 2018. The
report also stated that export prices rose 0.3% in Jun as compared with
0.6% increase in May.
• According to data from Destatis, Germany’s wholesale price inflation
further increased by 3.4% YoY in Jun 2018 as against 2.9% increase in
May 2018. On monthly basis, wholesale prices of Germany rose 0.5% in
Jun from 0.8% increase in May.
• According to final data from the statistical office INE, Spain’s consumer
prices rose 2.3% YoY in Jun 2018 as compared with 2.1% rise in May
2018. However, core inflation slowed to 1% increase in Jun from 1.1%
rise in May.
Markets for You
• Nifty July 2018 Futures were at 11020, a premium of 1.10 points, above
the spot closing of 11,018.90. The turnover on NSE’s Futures and Options
segment went down to Rs. 5,58,122.26 crore on Jul 13 from Rs.
17,06,179.09 crore on Jul 12.
• The Put-Call ratio stood unchanged at 0.90 against previous session’s
close of 0.96.
• The Nifty Put-Call ratio stood at 1.79 against the previous session’s close
of 1.73.
• India VIX moved down 1.47% to 12.3200 from 12.5050 in the previous
trading session.
• The rupee inched up against the greenback following decline in global
crude oil prices. The rupee inched up 0.07% to close at 68.52 compared
to the previous close of 68.57.
• The euro inched up against the investor risk sentiment improved to
some extent after U.S. Treasury Secretary said that U.S. and China could
reopen trade talks, briefly easing concerns about the trade dispute . Euro
was last seen trading at $1.1676, up 0.04% from the previous close of
$1.1671.
• Gold prices traded lower as greenback gained against the euro after
U.S. consumer price index inched up 0.1% in Jun 2018.
• Brent Crude prices traded higher after International Energy Agency
raised up its expectations for a shortage in crude supplies despite rise in
production from the OPEC.
Thank you for
your time.
