GlobalIndices 11Jul Prev_Day Abs.Change
DowJones 24,700 24,920 219 0.88
Nasdaq 7,717 7,759 43 0.55
FTSE 7,592 7,692 100 1.30
Nikkei 21,932 22,197 265 1.19
HangSeng 28,312 28,682 371 1.29
IndianIndices 11Jul Prev_Day Abs.Change
S&PBSESensex 36,266 36,240 26 0.07
Nifty50 10,948 10,947 1 0.01
Nifty100 11,207 11,219 12 0.11
NiftyBank 26,816 26,895 78 0.29
SGXNifty 10,967 10,963 4 0.04
S&PBSEPower 1,934 1,941 7 0.38
S&PBSESmallCap 16,429 16,484 54 0.33
S&PBSEHC 14,134 14,188 54 0.38
Date P/E Div.Yield P/E Div.Yield
11Jul 23.14 1.21 27.20 1.19
MonthAgo 23.37 1.14 27.47 1.22
YearAgo 23.31 1.23 24.91 1.09
Company 11Jul Prev_Day
TCS 1980 1875 5.59
BhartiInfratel 317 305 3.88
BajajAuto 3162 3094 2.19
Nifty50Top3Losers DomesticNews
Company 11Jul Prev_Day
UnitedPhos 603 637 5.28
CoalIndia 265 278 4.90
Hindalco 221 229 3.60
Advances 1045 670
Declines 1581 1140
Unchanged 151 71
Description(Cr) YTD
FIIFlows* 5471
MFFlows** 69998
YoY(%) Current YearAgo
Sensex Nifty
According to Global Innovation Index (GII) rankings, India has improved
its position by three spots and has reached 57th position in 2018. The
country has improved 24 spots since 201415. India stands as the top
exporter of IT services globally. However, the country is still behind in
ease of doing a business, political stability and safety, and female
employees with advanced degrees in the workforce.
According to updated data from World Bank, India replaced France and
took the p osition of sixth biggest economy in 2017. India's gross domestic
product (GDP) came in at $2.597 trillion as against France’s $2.582 trillion
in 2017. The main reason for growth last year was manufacturing and
consumer spending. The U.S. holds the top position followed by China,
Japan, Germany and U.K.
According to media reports, goods and service tax (GST) council in its
upcoming meeting in Jul 21 may decide on lowering the tax rate on
several items which has low revenue implications as part of the tax
rationalisation exercise. The council may consider reduction of levy on
items which are linked with general health and employment generation
for the unorganised sector.
According to a report by Institute of International Finance, the global
debt has increased by $30 trillion to $247 trillion in first quarter of 2018
from fourth quarter of 2016. Also, the global debttogross domestic
product (GDP) rose 318% in first quarter of 2018, the first quarterly
increase sin ce third quarter o f 2016. Global growth losing pace and
becoming more divergent, increase in U.S. rates and worries about credit
risk are some of the major reasons for rise in global debt.
Asian markets witnessed pressure after the U.S. proposed tariffs on an
additional $200 billion worth of Chinese go ods and China h as a lso
threatened to take countermeasure on that. Fall in Core machine orders
in Japan for May also dented sentiments. However, some respite w as
seen following positive cues from overnight U.S. markets. Today (as of
July 12), Asian markets opened mostly higher despite concerns about
renewed global trade war concerns. While Nikkei rose 0.60%, Hang Seng
eased 0.04% (as at 8 a.m. IST).
As per the last close, European markets fell on renewed trade war
concerns after U.S. President ordered its Trade Representative to begin
the process of im posing tariffs of 10% on an additional $200 billion of
Chinese imports.
As per the last close, U.S markets declined on concerns over the
economic i mpact of renewed gl obal trade war after the U.S. President’s
administration proposed new tariffs on China. Last Friday, U.S. imposed
25% tariff on $34 billion worth of Chinese imports.
Gains remained muted in Indian equity markets. Positive impact of
gains in the stocks of an IT major, following better than expected
corporate earning numbers for Q1FY19, was largely neutralised by
concerns over U.S. threats of tariffs on an additional $200 billion worth of
Chinese goods. The same raised probability of a full scale trade war
between the two nations.
Key benchmark indices S&P BSE Sensex and Nifty 50 edged up 0.07%
and 0.01% to close at 36265.93 and 10948.30, respectively. M eanwhile,
S&P BSE MidCap and S&P BSE SmallCap fell 0.67% and 0.33%,
The overall market breadth on BSE was weak with 1581 scrips declining
and 1045 scrips advancing. A total of 151 scrips remained unchanged.
On the BSE sectoral front, majority of the indices closed in the red. S&P
BSE Metal was the major loser, down 3.10%, followed b y S&P BSE Basic
Materials and S&P BSE Auto, which slipped 1.69% and 0.99%,
respectively. S&P BSE Industrials and S&P BSE Telecom fell 0.83% and
0.66%, respectively.
FIIDerivativeTradeStatistics 11 Jul
(RsCr) Buy Sell OpenInt.
IndexFutures 3514.19 1742.84 23205.98
IndexOptions 45916.63 46503.87 55037.82
StockFutures 10203.82 9909.07 80393.76
StockOptions 6459.24 6532.22 5783.70
Total 66093.88 64688.00 164421.26
11Jul Prev_Day Change
PutCallRatio(OI) 1.67 1.66 0.01
PutCallRatio(Vol) 1.12 1.01 0.11
11Jul Wk.Ago Mth.Ago YearAgo
CallRate 6.17% 6.09% 6.04% 6.04%
CBLO 6.25% 5.94% 6.06% 6.19%
Repo 6.25% 6.25% 6.25% 6.25%
ReverseRepo 6.00% 6.00% 6.00% 6.00%
91DayTBill 6.52% 6.46% 6.55% 6.24%
364DayTBill 7.20% 7.14% 6.98% 6.30%
10YearGilt 7.87% 7.85% 7.96% 6.48%
GSecVol.(Rs.Cr) 20274 32259 23449 64538
FBILMIBOR 6.30% 6.25% 6.15% 6.26%
3MonthCPRate 7.55% 7.20% 7.75% 6.70%
5YearCorpBond 8.85% 8.83% 8.75% 7.47%
1MonthCDRate 6.40% 6.54% 7.17% 6.28%
3MonthCDRate 6.97% 7.12% 7.76% 6.32%
1YearCDRate 7.98% 8.14% 8.39% 6.68%
Currency 11Jul Prev_Day Change
USD/INR 68.83 68.79 0.03
GBP/INR 91.35 91.11 0.24
EURO/INR 80.79 80.78 0.01
JPY/INR 0.62 0.62 0.00
Commodity 11Jul WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 70.42 74.14 66.10 45.01
BrentCrude($/bl) 74.96 76.58 73. 67 46.92
Gold($/oz) 1242 1256 1300 1217
Gold(Rs./10gm) 30403 30510 30781 27772
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 (RNLAM) (formerly Reliance Capital Asset Management Limited) 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; RNLAM does not in any manner assures
the accuracy or authenticity of such data and information. Some of the statements & assertions contained in these materials may reflect RNLAM’s views or opinions, w hich 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 advice, verify the contents in order to arrive at an informed investment decision. None of 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
Bond yields fell following decline in the global cr ude oil prices.
Investors are also awaiting consumer price inflation for Jun 2018 due on
Jul 12.
•Yieldonthe10y ear benchmark paper (7.17% GS 2028) fell 3 bps t o
close at 7.87% as against its previous close of 7.90%. During the session,
bond yields traded in the range of 7.86% and 7.91%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 6,646 crore (gross) on Jul 11, compared with
Rs. 8,688 crore (gross) borrowed on Jul 10. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 921 crore
on Jul 10.
Banks borrowed Rs. 3,327 crore under the central bank’s Marginal
Standing Facility on Jul 10 compared with borrowing of Rs. 303 crore on
Jul 9.
A report from the Labor Department showed that U.S. producer price
index for final demand grew 0.3% in Jun 2018 as against a n increase of
0.5% in May 2018.
According to a report from the Ministry of Economy, Trade and
Industry, Japan’s tertiary activity index inched u p 0.1% MoM in May
2018 as against an i ncrease of 1% in Apr 2018. Tertiary activity index
grew 1.2% on a yearly basis in May as against an increase of 1.3% in Apr.
A report from the Cabinet office showed that Japan’s core machine
orders fell 3.7% on month in May 2018 and came in at 907.9 billion yen
as against an increase of 10.1% in Apr 2018. Meanwhile, machine orders
surged 16.5% on a yearly basis in May as against an increase of 9.6% in
Nifty July 2018 Futures were at 10,938.6, a discount of 9.70 points,
below t he spot closing of 10,948.30. The turnover on N SE’s Futures and
Options segment went up to Rs. 7,90,508.41 crore on Jul 11 from Rs.
5,86,440.62 crore on Jul 10.
•ThePutCall ratio stood unchanged at 0.94 against previous session’s
The Nifty PutCall ratio stood at 1.67 against the previous session’s
close of 1.66.
Open interest on Nifty Futures stood at 25.67 million as against the
previous session’s close at 24.84 million.
The rupee inched up against the greenback following decline in gl obal
crude oil prices. However, further gains were capped after the U.S. again
threatened to impose tariffs on additional $200 billion of Chinese goods.
The euro weakened against the greenback as investor risk sentiment
took a hit after the U.S. President threatened 10% tariffs on $200 billion
worth of Chinese imports.
Gold prices moved down on stronger greenback against the euro.
Improved labour market condition in the U.S. also weighed on the bullion
Brent crude prices moved down on concerns over trade dispute
between U.S. and China.
Thank you for
your time.