25 Jul 2018
Markets for You
Global Indices
Global Indices 24-Jul Prev_Day Abs. Change
% Change
#
Dow Jones 25,242 25,044 198 0.79
Nasdaq 7,841 7,842 -1 -0.01
FTSE 7,709 7,656 53 0.70
Nikkei 22,510 22,397 113 0.51
Hang Seng 28,663 28,256 406 1.44
Indian Indices 24-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,825 36,719 107 0.29
Nifty 50 11,134 11,085 50 0.45
Nifty 100 11,389 11,307 82 0.73
Nifty Bank 26,974 27,008 -34 -0.12
SGX Nifty 11,161 11,114 48 0.43
S&P BSE Power 1,947 1,920 27 1.40
S&P BSE Small Cap 16,219 15,867 351 2.21
S&P BSE HC 13,961 13,760 201 1.46
Date P/E Div. Yield P/E Div. Yield
24-Jul 23.10 1.20 27.66 1.20
Month Ago 23.04 1.24 26.63 1.22
Year Ago 23.49 1.21 25.45 1.00
Nifty 50 Top 3 Gainers
Company 24-Jul Prev_Day
% Change
#
Ambuja Cem 213 198 7.40
Hindalco 208 196 5.84
Indiabulls HFC 1258 1197 5.10
Nifty 50 Top 3 Losers Domestic News
Company 24-Jul Prev_Day
% Change
#
Kotak Bank 1312 1337 -1.85
Hero Moto 3108 3165 -1.81
Bajaj Finance 2713 2756 -1.54
Advance Decline Ratio
BSE NSE
Advances 1949 1456
Declines 697 355
Unchanged 131 80
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -6402
MF Flows** 74115
*24
th
Jul 2018; **20
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)
25 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
-199
167
4.28%
(Mar-18)
• In order to quickly resolve non-performing assets (NPAs) of Rs. 50 crore
or more under consortium lending, 22 public sector banks, 19 private
banks and 32 foreign banks have signed an overarching inter-creditor
agreement (ICA). Other than these, 12 major financial intermediaries also
became part of the pact. Under ICA, the lead lender will submit each
resolution to an Overseeing Committee.
• The Sukanya Samriddhi Yojana that was launched by the government in
2015 to empower the girl child has been modified by the government to
include more number of people. The minimum initial deposit for opening
the account has been lowered from Rs. 1000 to Rs 250 and the minimum
yearly compulsory deposit has also been brought down to Rs 250 from Rs.
1000. The Union finance minister informed that the scheme has got an
overwhelming response as more than 1.26 crore accounts have been
opened securing an amount of Rs 19,183 crore till Nov 2017. The
scheme’s interest rates are revised every quarter. For the current quarter
(Jul-Sep) quarter, the rate has been fixed at 8.1%.
• According to media news, the National Assessment and Accreditation
Council (NAAC) could be the model on which the new funding body for
higher educational institutions will be formed. NAAC comes under the
University Grants Commission and is an autonomous body. A model
similar to NAAC could be the best option.
• As per a Comptroller and Auditor General of India (CAG) report, only five
of the 16 major irrigation and power projects approved by the centre are
under execution. The government had approved these projects 10 years
ago. Cost escalation has been 2,341%. The five projects are Gosirkund
project, Teetsa, Saryu, Indira Sagar Poolavaram project and Shahpur-Kandi
project. “A total expenditure of Rs 13,299.12 crore had been incurred on
these five projects as of March 2017,” the report said.
Markets for You
• Indian equity markets touched record highs as rally in blue-chip
companies continued. The stocks behind the gains are from the banking,
IT, consumer durables, auto and infrastructure sectors. Optimism on the
corporate earnings front continued to boost investor sentiment. However,
gains were capped amid concerns that the Monetary Policy Committee
may increase the repo rate to 6.5 % in its upcoming policy review
meeting.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.29% and
0.45% to close at 36,825.10 and 11,134.30, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap grew 1.77% and 2.21%, respectively.
• The overall market breadth on BSE was strong with 1949 scrips
advancing and 697 scrips declining. A total of 131 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Basic Materials stood as the major
gainer, up 3.73% followed by S&P BSE Metal that grew 2.87%. S&P BSE
Realty and S&P BSE Capital Goods grew 2.8% and 2.56%. S&P BSE
Industrials and S&P BSE Healthcare grew 2.29% and 1.46%. S&P BSE
Energy and S&P BSE Bankex were the two losers, down 0.01% and 0.13%,
respectively.
• Asian markets gained as investors chose to focus on corporate earnings
instead of the trade war. In order to relieve banks of funding pressure, the
Chinese central bank put in record liquidity into the system. Also, China’s
cabinet said it would support the economy through a ‘vigorous’ policy.
The country clarified that it had no plans to devalue yuan. The U.S.
President had said on Jul 23 that China is controlling its currency to make
exports more profitable. Today (as of Jul 25), Asian markets opened
higher following gains in the U.S. Wall Street. Both Nikkei and Hang Seng
were trading up 0.37% and 0.39%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed higher after China's
government revealed to adopt both fiscal and financial measures to
underpin domestic demand amid its worsening trade relation with U.S.
This will help China to stimulate its economic growth. Strong quarterly
earnings from companies also boosted the market.
• As per the last close, U.S markets closed almost higher following strong
quarterly result from major U.S. companies.
FII Derivative Trade Statistics 24-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 4408.85 5012.39 28553.36
Index Options 52233.59 52315.17 76027.99
Stock Futures 25002.96 25020.91 80325.78
Stock Options 7905.16 7923.61 8175.71
Total 89550.56 90272.08 193082.84
24-Jul Prev_Day
Change
Put Call Ratio (OI) 1.89 1.80 0.09
Indian Debt Market
Put Call Ratio(Vol) 1.13 1.10 0.03
24-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 6.27% 6.12% 6.25% 6.10%
CBLO 6.38% 6.23% 5.39% 6.23%
Repo 6.25% 6.25% 6.25% 6.25%
Reverse Repo 6.00% 6.00% 6.00% 6.00%
91 Day T-Bill 6.63% 6.53% 6.45% 6.10%
364 Day T-Bill 7.21% 7.18% 7.05% 6.23%
10 Year Gilt 7.78% 7.75% 7.82% 6.41%
G-Sec Vol. (Rs.Cr) 25975 53995 29154 78149
Currency Market Update
FBIL MIBOR 6.39% 6.30% 6.31% 6.24%
3 Month CP Rate 7.80% 7.65% 7.58% 6.54%
5 Year Corp Bond 8.72% 8.71% 8.71% 7.39%
1 Month CD Rate 6.64% 6.50% 6.93% 6.23%
3 Month CD Rate 7.04% 7.05% 6.93% 6.24%
1 Year CD Rate 7.97% 7.98% 8.04% 6.52%
Commodity Market Update
Currency 24-Jul Prev_Day
Change
USD/INR 69.05 68.70 0.35
GBP/INR 90.30 90.28 0.02
EURO/INR 80.54 80.56 -0.02
International News
JPY/INR 0.62 0.62 0.00
Commodity 24-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 70.02 67.98 68.82 46.20
Brent Crude($/bl) 74.17 70.31 73.41 47.75
Gold( $/oz) 1224 1227 1268 1255
Gold(Rs./10 gm) 29897 30044 30484 28539
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
25 July 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yield declined as crude oil prices remained steady. Aggressive
demand at state debt auction also added to the gains.
• Yield on the 10-year benchmark paper (7.17% GS 2028) fell 3 bps to
close at 7.78% as against its previous close of 7.81%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 24,623 crore (gross) on Jul 24, compared with
Rs. 22,359 crore (gross) borrowed on Jul 23. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 6,862
crore on Jul 23.
• Banks borrowed Rs. 1,120 crore under the central bank’s Marginal
Standing Facility on Jul 23 compared with borrowing of Rs. 2,982 crore
on Jul 20.
• RBI conducted a 14-day variable rate repo auction for a notified
amount of Rs. 22,500 crore for which Rs. 22,508 crore was allotted at a
cut-off rate of 6.27%.
• According to a National Association of Realtors report, U.S. existing
home sales went down for the third consecutive month in Jun 2018,
defying expectations. Existing home sales decreased 0.6% to an annual
rate of 5.36 million in Jun from 5.41 million in May 2018. Expectations
were for a 0.5% rise.
• According to IHS Markit flash survey results, eurozone private sector
activity growth slowed at the beginning of the third quarter. This
happened because improvement in Germany was overshadowed by a
slowdown in France. The composite output index decreased to 54.3 in
Jul 2018 from 54.9 in Jun 2018. Expectations were for a fall to 54.8.
Markets for You
• Nifty July 2018 Futures were at 11,142, a premium of 7.70 points,
above the spot closing of 11,134.30. The turnover on NSE’s Futures and
Options segment went up to Rs. 8,74,238.49 on Jul 24 from Rs.
6,85,818.85 crore on Jul 23.
• The Put-Call ratio stood at 0.99 against previous session’s close of 0.88.
• The Nifty Put-Call ratio stood at 1.89 against the previous session’s
close of 1.80.
• India VIX moved down 4.53% to 12.4150 from 13.0050 in the previous
trading session.
• Open interest on Nifty Futures stood at 29.29 million as against the
previous session’s close at 28.58 million.
• The rupee weakened against the U.S. dollar following rise in U.S.
Treasury yields which boosted demand of the greenback. However,
intervention by the central bank restricted further losses. The rupee fell
0.13% to close at 68.94 against the previous close of 68.86.
• The euro edged up against the greenback, after preliminary data
showed that eurozone business growth remained upbeat in Jul. However,
persisting concerns of a trade war capped the gains. Euro was last seen
trading at $1.1702, up 0.10% compared with the previous close of
$1.1690.
• Gold prices traded higher as greenback depreciated against the euro.
• Brent Crude prices traded marginally lower amid concerns over
increased crude supplies from Russia, Saudi Arabia and other members of
the OPEC..
Thank you for
your time.
