13Jul2018
MarketsforYou
GlobalIndices
GlobalIndices 12‐Jul Prev_Day Abs.Change
%Change
#
DowJones 24,925 24,700 224 0.91
Nasdaq 7,824 7,717 107 1.39
FTSE 7,651 7,592 59 0.78
Nikkei 22,188 21,932 256 1.17
HangSeng 28,481 28,312 169 0.60
IndianIndices 12‐Jul Prev_Day Abs.Change
%Change
#
S&PBSESensex 36,548 36,266 282 0.78
Nifty50 11,023 10,948 75 0.68
Nifty100 11,270 11,207 63 0.56
NiftyBank 27,027 26,816 210 0.78
SGXNifty 11,040 10,967 73 0.67
S&PBSEPower 1 ,926 1,934 ‐8 ‐0.39
S&PBSESmallCap 16,420 16,429 ‐9 ‐0.06
S&PBSEHC 14,158 14,134 24 0.17
Date P/E Div.Yield P/E Div.Yield
12‐Jul 23.36 1.20 27.39 1.18
MonthAgo 23.51 1.13 27.60 1.22
YearAgo 23.31 1.23 24.98 1.09
Nifty50Top3Gainers
Company 12‐Jul Prev_Day
%Change
#
RIL 1082 1039 4.19
BPCL 377 367 2.96
Wipro 279 272 2.70
Nifty50Top3Losers DomesticNews
Company 12‐Jul Prev_Day
%Change
#
UnitedPhos 582 603 ‐3.56
VedantaLimited 211 218 ‐3.07
BajajAuto 3097 3162 ‐2.05
AdvanceDeclineRatio
BSE NSE
Advances 1153 760
Declines 1496 1031
Unchanged 156 94
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐4550
MFFlows** 69998
*12
th
Jul2018;**9
th
Jul2018
EconomicIndicator
YoY(%) Current YearAgo
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)
13July2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
6.90%
(Feb‐18)
7.00%
(Dec‐17)
QuarterAgo
Inflow/Outflow
14
920
4.28%
(Mar‐18)
• Government data showed that growth of India’s consumer price
inflation or retail inflation grew to a 5 month high and rose to 5.00% in
Jun from 4.87% in May and 1.46% in the same period of the previous
year. The growth in Consumer Food Price Index also rose to 2.91% in Jun
compared to 3.10% in the previous month and ‐2.12% in the same month
of the previous year. Among the key components, growth in fuel and light
inflation rose to 7.14% in Jun from 5.80% in May. The growth in clothing
and footwear inflation also rose to 5.67% in Jun from 5.47% in May.
Housing inflation also inched up to 8.45% in Jun from 8.40% in May.
• Government data showed that the growth of index of industrial
production (IIP) plunged to a seven month low of 3.20% in May from a
revised 4.80% (4.90% originally reported) in the previous month and
2.90% in the same month of the previous year. The growth of IIP from
Apr to May also slowed to 4.0% from 3.1% in the same period of the
previous year. The growth of manufacturing sector slowed to 2.8% in May
from 2.6% in the same month of the previous year.
• According to a major domestic credit rating agency, the problem that
the Indian farmers are facing currently is due to contraction in
agricultural margin and not any rural distress that happens generally.
Here agricultural margin implies the margin between wages and
agricultural output. The rating agency noted that while the period from
FY04 to FY08 witnessed low wage growth and relatively a high agriculture
output, resulting in higher agricultural margin, the subsequent time
periods from FY09 to FY13 and FY14 to FY18 had a lower agricultural
margin. The rating agency added that the government’s move to increase
the minimum support prices of K harif crops will provide some relief to
farmers but also warned that the move may not be enough to take care
of the same.
MarketsforYou
•Asianmarketsclosedinthegreenonweakeryenandonbetter‐than‐
expected economic data across the region. While, Japan's tertiary activity
index increased for the second straight month in May, South Korea's
unemployment rate decreased more than expected in Jun. However,
trade concerns over U.S. and China restricted the upside. Today (as of July
13), Asian markets opened higher following rise on the Wall Street
overnight. Both Nikkei and Hang Seng rose 1.33% and 0.53%, respectively
(as at 8 a.m. IST).
• As per the last close, European markets recovered from the previous
day’s fall as market participants remained optimistic on a trade dispute
resolution between the U.S. and China.
• As per the last close, U.S markets rose partially due to optimism about
the upcoming quarterly earnings season. Easing concerns over the
economic impact of renewed global trade war , further contributed to the
upside. Meanwhile, U.S. initial j obless claims fell by more than expected
in the week ended July 7.
• Indian Equity markets closed in the green following gains in oil & gas
stocks after significant fall in crude oil prices. Optimism over upcoming
corporate earnings season and strengthening of rupee added to the
gains. Additionally, updated gross domestic product numbers by the
World Bank that brings India ahead of France in terms of GDP in 2017 and
makes it the world's sixth‐biggest economy also helped improve market
sentiment.
• Positive global cues amid reports that U.S. and China might begin
discussions over trade to resolve dispute supported buying interest.
Meanwhile, investors awaited release of CPI inflation for Jun 2018 and IIP
data for May 2018 due on Jul 12, 2018.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.78% and
0.68% to close at 36,548.41 and 11,023.20, respectively.
• On the BSE sectoral front, S&P BSE Energy stood as the major gainers,
up 3.07% followed by S&P BSE Oil & Gas that grew 1.60%. S&P BSE
Bankex and S&P BSE F inance grew 0.92% and 0.91%, respectively. S&P
BSE Realty stood as the major loser, down 1.14% followed by S&P BSE
Auto that fell 0.77%.
FIIDerivativeTradeStatistics 12 ‐Jul
(RsCr) Buy Sell OpenInt.
IndexFutures 2690.24 1982.17 23057.82
IndexOptions 63954.49 64583.36 57401.04
StockFutures 13150.58 12384.20 80249.06
StockOptions 9046.08 9112.86 5988.62
Total 88841.39 88062.59 166696.54
12‐Jul Prev_Day Change
PutCallRatio(OI) 1.73 1.67 0.06
IndianDebtMarket
PutCallRatio(Vol) 1.02 1.12 ‐0.10
12‐Jul Wk.Ago Mth.Ago YearAgo
CallRate 6.14% 6.07% 6.10% 6.05%
CBLO 6.23% 5.92% 6.12% 6.17%
Repo 6.25% 6.25% 6.25% 6.25%
ReverseRepo 6.00% 6.00% 6.00% 6.00%
91DayT‐Bill 6.53% 6.30% 6.53% 6.20%
364DayT‐Bill 7.19% 7.16% 6.98% 6.31%
10YearGilt 7.78% 7.90% 7.97% 6.46%
G‐SecVol.(Rs.Cr) 34222 15639 21448 75720
CurrencyMarketUpdate
FBILMIBOR 6.30% 6.25% 6.21% 6.25%
3MonthCPRate 7.55% 7.20% 7.75% 6.65%
5YearCorpBond 8.78% 8.89% 8.79% 7.46%
1MonthCDRate 6.46% 6.30% 7.07% 6.28%
3MonthCDRate 6.98% 6.94% 7.17% 6.31%
1YearCDRate 7.99% 8.15% 8.40% 6.66%
CommodityMarketUpdate
Currency 12‐Jul Prev_Day Change
USD/INR 68.63 68.83 ‐0.20
GBP/INR 90.67 91.35 ‐0.67
EURO/INR 80.17 80.79 ‐0.63
InternationalNews
JPY/INR 0.61 0.62 ‐0.01
Commodity 12‐Jul WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 70.23 73.00 66.38 45.43
BrentCrude($/bl) 71.80 76.68 73. 95 46.67
Gold($/oz) 1247 1257 1296 1220
Gold(Rs./10gm) 30147 30467 30858 27878
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
13July2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Though investors awaited consumer price inflation for Jun 2018
scheduled post market hours on Jul 12, bond yields fell following
significant decline in the global crude oil prices.
•Yieldonthe10‐y ear benchmark paper (7.17% GS 2028) fell 9 bps to
close at 7.78% as against its previous close of 7.87%. During the session,
bond yields traded in the range of 7.78% and 7.84%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 6,143 crore (gross) on Jul 12, compared with
Rs. 6,646 crore (gross) borrowed on Jul 11. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 6,878
crore on Jul 11.
• Banks borrowed Rs. 420 crore under the central bank’s Marginal
Standing Facility on Jul 11 compared with borrowing of Rs. 3,327 crore
on Jul 10.
• Data from the U.S. Labour Department showed that the growth in
consumer price index in U.S. inched up to 0.1% in Jun after growing by
0.2% in May. Food prices grew 0. 2% i n Jun after remaining unchanged in
the previous month while energy prices fell 0.3% in Jun after growing
0.9% in May.
• Data from the U.S. Labour Department showed that initial jobless
claims for the week ended Jul 7 fell 18,000 to 214,000 from the previous
week's revised level of 232,000 (231,000 originally reported for the
previous week).
MarketsforYou
• Nifty July 2018 Futures were at 11,016.25, a discount o f 6.95 points,
below the spot closing of 11,023.20. The turnover on NSE’s Futures and
Options segment went up t o Rs. 17,06,179.09 crore on Jul 12 from Rs.
7,90,508.41 crore on Jul 11.
•ThePut‐Call ratio stood unchanged at 0.96 against previous session’s
close of 0.94.
• The Nifty Put‐Call ratio stood at 1.73 against the previous session’s
close of 1.67.
• Open interest on Nifty Futures stood at 26.66 million as against the
previous session’s close at 25.67 million.
• The rupee rose for second consecutive day against the greenbac
k
following decline in global crude oil prices and gains in domestic equit
y
market.
• The euro rose against the greenback following less than expected rise in
U.S. consumer price inflation for Jun 2018. However, rise in global equit
y
market boosted investor’s appetite for greenback thereby restricting the
gains of the common bloc currency.
• Gold prices gained on concerns over escalating trade tensions between
U.S. and China
• Brent crude prices plunged on news that the Libya's National Oil Corp
would reopen its four export oil terminals.
Thank you for
your time.