17 Jul 2018
Markets for You
Global Indices
Global Indices 16-Jul Prev_Day Abs. Change
% Change
#
Dow Jones 25,064 25,019 45 0.18
Nasdaq 7,806 7,826 -20 -0.26
FTSE 7,600 7,662 -61 -0.80
Nikkei Closed 22,597 NA NA
Hang Seng 28,540 28,525 14 0.05
Indian Indices 16-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,324 36,542 -218 -0.60
Nifty 50 10,937 11,019 -82 -0.74
Nifty 100 11,151 11,259 -108 -0.96
Nifty Bank 26,680 26,936 -256 -0.95
SGX Nifty 10,939 11,022 -83 -0.75
S&P BSE Power 1,897 1,911 -14 -0.72
S&P BSE Small Cap 15,790 16,196 -406 -2.51
S&P BSE HC 13,599 14,057 -458 -3.26
Date P/E Div. Yield P/E Div. Yield
16-Jul 22.86 1.21 27.17 1.19
Month Ago 23.23 1.15 27.44 1.22
Year Ago 23.47 1.22 25.42 1.08
Nifty 50 Top 3 Gainers
Company 16-Jul Prev_Day
% Change
#
Tech Mahindra 657 641 2.53
NTPC 156 153 1.73
Infosys 1333 1317 1.17
Nifty 50 Top 3 Losers Domestic News
Company 16-Jul Prev_Day
% Change
#
Dr.Reddy 2094 2320 -9.74
Tata Steel 519 559 -7.04
Lupin 818 866 -5.48
Advance Decline Ratio
BSE NSE
Advances 496 295
Declines 2113 1527
Unchanged 168 76
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -5534
MF Flows** 69998
*16
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)
17 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
6.90%
(Feb-18)
7.00%
(Dec-17)
Quarter Ago
Inflow/Outflow
14
-41
4.28%
(Mar-18)
• Indian equity markets fell after official data showed that wholesale
price index-based inflation increased to 5.77% in Jun 2018 as prices of
vegetables and fuel rose. A report by a global investment bank and
financial service provider indicated top risks to the domestic equities like
rise in global crude oil prices, upcoming election cycle with its own set of
uncertainties, an upward pressure on inflation that may prompt the
Monetary Policy Committee to go for interest rate hikes further.
• Buying interest found some support, after International Monetary
Fund’s latest World Economic Outlook affirmed that India will be the
fastest growing nation among the major economies.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.60% and
0.74% to close at 36323.77 and 10936.85, respectively. S&P BSE Mid cap
and S&P BSE Small cap slipped 2.45% and 2.51%, respectively.
• The overall market breadth on BSE was weak with 2113 scrips declining
and 496 scrips advancing. A total of 168 scrips remained unchanged.
• Government data showed that India’s Wholesale Price Index-based
inflation (WPI) rose to 5.77% in Jun 2018 as prices of vegetables and fuel
items increased. Wholesale price inflation was at 4.43% in May 2018 and
at 0.90% in Jun 2017. Inflation in food articles came in at 1.80% in Jun
against 1.60% in May. Inflation in vegetables increased to 8.12% in Jun
from 2.51% in May. ‘Fuel and power' inflation went up to 16.18% in Jun
from 11.22% in May because of rising global crude oil prices. The WPI
Food Index also increased to 1.56% in Jun 2018 from 1.12% in May 2018.
• India’s GDP growth forecast for 2019 has been cut by the International
Monetary Fund (IMF) by 10 basis points to 7.3%. For 2020, the bank has
lowered the forecast by 30 basis points to 7.5%. IMF revised the forecast
as it expects the Reserve Bank of India (RBI) to tighten the country’s
monetary policy at a faster pace. Also, rising global crude oil prices and
fears of a trade war between China and U.S. are factors that could affect
India’s GDP negatively.
• According to the finance ministry, India has become the regional head
of the Asia Pacific region of the World Customs Organisation (WCO) for a
period of two years till Jun 2020. WCO represents 182 customs
administrations across the globe and collectively processes
approximately 98% of world trade.
• Infosys’ consolidated net profit for the quarter ended Jun 2018
increased 3.7% to Rs. 3,612 crore compared with Rs. 3,483 crore in the
year-ago period. Revenues in the period rose to Rs. 19,128 crore, a 12%
increase against Rs. 17,078 crore in the comparable period of the
previous fiscal.
• Hindustan Unilever net profit increased 19.2% to Rs. 1,529 crore for
the quarter ended Jun 2018 against Rs. 1,283 crore registered in the
year-ago period. Revenue in the period went up 11.2% to Rs 9,487 crore.
• Asian markets mostly moved down ahead of the Federal Reserve
Chairman’s semi-annual congressional testimony which will provide
further cues on Fed’s decision. Mixed economic data from China, could
not provide much support to the sentiments as Chinese GDP growth
slowed to 6.7% in the second quarter. Today (as of July 17), Asian
markets opened on subdued note due to decline in mining and oil stocks.
Investors remained focus towards corporate earnings. Nikkei grew 0.41%
and Hanseng fell 0.93% (as at 8.a.m. IST).
• As per the last close, European markets closed almost lower as mining
stocks remained under pressure due to slowdown in China's second
quarter GDP data. Meanwhile, investors remained focused on
developments from the meeting between U.S. and Russian President.
• As per the last close, U.S markets closed on a mixed note. Gains in
financial stocks after a U.S. financial major posted strong quarterly
results, boosted the indices. Meanwhile, investors preferred to remain
on the sidelines ahead of release of quarterly financial results from a
number of U.S majors this week.
Markets for You
FII Derivative Trade Statistics 16-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 3531.19 2071.90 25118.09
Index Options 54363.08 55556.96 63373.98
Stock Futures 11131.68 10614.41 81114.02
Stock Options 8658.87 8769.49 6679.46
Total 77684.82 77012.76 176285.55
16-Jul Prev_Day
Change
Put Call Ratio (OI) 1.62 1.79 -0.17
Indian Debt Market
Put Call Ratio(Vol) 1.13 1.05 0.08
16-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 6.18% 6.18% 6.10% 6.09%
CBLO 6.23% 6.10% 6.09% 6.16%
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% 6.34% 6.50% 6.15%
364 Day T-Bill 7.19% 7.13% 7.05% 6.28%
10 Year Gilt 7.80% 7.89% 7.89% 6.46%
G-Sec Vol. (Rs.Cr) 29694 12798 28561 47498
Currency Market Update
FBIL MIBOR 6.30% 6.25% 6.24% 6.25%
3 Month CP Rate 7.50% 7.15% 7.65% 6.59%
5 Year Corp Bond 8.78% 8.86% 8.78% 7.44%
1 Month CD Rate 6.54% 6.33% 7.00% 6.26%
3 Month CD Rate 7.01% 7.01% 7.04% 6.31%
1 Year CD Rate 7.98% 8.15% 8.46% 6.62%
Commodity Market Update
Currency 16-Jul Prev_Day
Change
USD/INR 68.59 68.41 0.18
GBP/INR 90.85 90.07 0.78
EURO/INR 80.25 79.76 0.49
International News
JPY/INR 0.61 0.61 0.00
Commodity 16-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 68.17 73.88 65.01 46.48
Brent Crude($/bl) 70.02 76.87 71.11 47.98
Gold( $/oz) 1240 1257 1279 1229
Gold(Rs./10 gm) 30172 30622 31068 27850
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
17 July 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty July 2018 Futures were at 10944.25, a premium of 7.40 points,
above the spot closing of 10,936.85. The turnover on NSE’s Futures and
Options segment went down to Rs. 5,79,798.56 crore on Jul 16 from Rs.
5,58,122.26 crore on Jul 13.
• The Put-Call ratio stood unchanged at 0.90 against previous session’s
close.
• The Nifty Put-Call ratio stood at 1.62 against the previous session’s
close of 1.79.
• Open interest on Nifty Futures stood at 26.13 million as against the
previous session’s close at 26.80 million.
• Bond yields rose for the second consecutive day as investors sold
bonds due to lack of any signs on interest rate.
• Yield on the 10-year benchmark paper (7.17% GS 2028) rose 1 bps to
close at 7.80% as against its previous close of 7.79%. During the session,
bond yields traded in the range of 7.79% and 7.85%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 13,468 crore (gross) on Jul 16, compared with
Rs. 6,928 crore (gross) borrowed on Jul 13. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 10,341
crore on Jul 13.
• Banks borrowed Rs. 115 crore under the central bank’s Marginal
Standing Facility on Jul 13 compared with borrowing of Rs. 55 crore on
Jul 12.
• The rupee went down against the greenback following losses in the
domestic equity market after the country’s trade deficit for June rose to
a five-year-high. The rupee fell 0.07% to close at 68.57 compared with
the previous close of 68.52.
• The euro rose against the greenback as market participants awaited
the U.S. Federal Chief’s semiannual testimony on the economy and
monetary policy before the U.S. Senate Banking Committee on Jul 17.
Euro was last seen trading at $1.1715, up 0.26% from the previous close
of $1.1685.
• Gold prices slips on higher probability of rate hike by the U.S. Federal
Reserve.
• Brent crude prices moved down after the U.S. Treasury Secretary
suggested that some modification might take place for crude oil import
from Iran.
• Data from Destatis showed that Germany's wholesale price inflation
accelerated further in Jun. Wholesale prices grew 3.4% on a yearly basis
in Jun, faster than the 2.9% increase seen in May. On a monthly basis,
wholesale prices grew 0.8% in Jun compared to 0.5% in May 2018.
• Data from the National Bureau of Statistics showed that gross
domestic product (GDP) of the Chinese economy grew 6.7% on a yearly
basis in the three months to Jun after growing 6.8% in the first quarter
of 2017. Meanwhile, retail sales rose an annual 9.0% in Jun up from
8.5% in May. Industrial production grew 6.0% on a yearly basis in Jun,
down from 6.8% in the previous month.
Markets for You
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