18 Jul 2018
Markets for You
Global Indices
Global Indices 17-Jul Prev_Day Abs. Change
% Change
Dow Jones 25,120 25,064 56 0.22
Nasdaq 7,855 7,806 49 0.63
FTSE 7,626 7,600 26 0.34
Nikkei 22,697 Closed NA NA
Hang Seng 28,182 28,540 -358 -1.25
Indian Indices 17-Jul Prev_Day Abs. Change
% Change
S&P BSE Sensex 36,520 36,324 196 0.54
Nifty 50 11,008 10,937 71 0.65
Nifty 100 11,231 11,151 80 0.71
Nifty Bank 27,008 26,680 328 1.23
SGX Nifty 11,027 10,939 88 0.80
S&P BSE Power 1,916 1,897 19 1.01
S&P BSE Small Cap 15,966 15,790 176 1.12
S&P BSE HC 13,770 13,599 172 1.26
Date P/E Div. Yield P/E Div. Yield
17-Jul 23.08 1.20 27.35 1.19
Month Ago 23.23 1.15 27.44 1.22
Year Ago 23.51 1.22 25.17 1.08
Nifty 50 Top 3 Gainers
Company 17-Jul Prev_Day
% Change
HPCL 281 264 6.41
Indian Oil 164 158 4.41
Hindalco 220 213 3.03
Nifty 50 Top 3 Losers Domestic News
Company 17-Jul Prev_Day
% Change
HUL 1682 1751 -3.97
Tech Mahindra 647 657 -1.60
Bharti Airtel 343 347 -1.40
Advance Decline Ratio
Advances 1429 1056
Declines 1146 761
Unchanged 145 82
Institutional Flows (Equity)
Description (Cr)
FII Flows* -6074
MF Flows** 69998
Jul 2018; **9
Jul 2018
Economic Indicator
YoY(%) Current Year Ago
18 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
Quarter Ago
Indian Equity markets closed in the green due to gains in banking
stocks following reports that six public sector banks might get a capital
infusion of about Rs. 80 billion from the government. Further, gains in oil
& gas stocks due to fall in oil prices boosted the indices. Additionally, rise
in rupee added to the gains. However, gains were restricted on subdued
global markets as investors awaited U.S. Federal Reserve’s Chairman’s
testimony for clues on the outlook for U.S. interest rates.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.54% and
0.65% to close at 36,519.96 and 11,008.05, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap grew 2.14% and 1.12%.
The overall market breadth on BSE was strong with 1,429 scrips
advancing and 1,146 scrips declining. A total of 145 scrips remained
On the BSE sectoral front, S&P BSE Oil & Gas stood as the major gainer,
up 2.19% followed by S&P BSE Metal that grew 1.91%. S&P BSE Energy
and S&P BSE Basic Materials grew 1.84% and 1.52%, respectively. S&P
BSE FMCG stood as the major loser, down 0.80% followed by S&P BSE
Information Technology that fell 0.07%.
The government has hiked the official maximum load carrying capacity
of heavy vehicles by 20-25%. It has also scrapped the renewal of fitness
certificates for freight carriers, which was compulsory annually. The
changed rules apply to new vehicles.
The Central Board of Indirect Taxes and Customs (CBIC) in its effort to
clear pending GST refunds of exporters will organise a fortnight drive
from July 16 to 30, the third of its kind. In the first two fortnights, CBIC
had cleared Rs. 5,401 crore and Rs. 7,635 crore refunds under Integrated
GST (IGST) paid and input tax credit (ITC) claims, respectively.
The Directorate General of Trade Restrictions (DGTR) has decided to
impose safeguard duty on solar panels and modules imported from
China and Malaysia. The duty would be imposed for two years 25% for
the first year, 20% for the first half of the second year and 15% for the
second half. This is being done to protect the interests of domestic
manufacturers of solar panels.
The Central Board of Indirect Taxes and Custom (CBIC) has notified that
import duty has been doubled on more than 50 textile products, such as
carpets and suits. The duty on these products now stands at 20%. This is
being done to promote domestic manufacturing.
According to media reports, the finance ministry has approved capital
infusion of Rs. 11,336 crore in five public sector banks including PNB,
Corporation Bank and Andhra Bank. This was done to help these banks
meet regulatory capital requirements.
HDFC AMC will open its initial public offer (IPO) on Jul 25, 2018. The
AMC plans to raise Rs. 945.23 crore through the IPO. The offer will
remain open till Jul 27. The HDFC group has so far filed three IPOs and
this one will be the fourth.
Aurobindo Pharma has entered into a definitive agreement with
Apotex, a Canadian pharmaceutical company. The Hyderabad-based
pharma company will take over the latter’s commercial operations in five
European countries in an all-cash deal of 74 million euros. The deal will
be finalised in three to six months.
Asian markets mostly traded lower on worries over the U.S.-China
trade war and as investors remained cautious ahead of the Congressional
testimony of Federal Reserve (Fed) Chairman. Lower cues from overnight
U.S. markets and fall in crude oil prices also weighed on the sentiments.
Today (as of July 18), Asian markets opened higher following gains in
Wall Street in the last session and upbeat comments from Fed Chairman
during the congressional testimony. Nikkei and Hangseng grew 1.02%
and 0.46%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed almost higher following
gains in basic resources stocks. However, decline in telecom stocks
capped the gains. Meanwhile, investors remained focused on testimony
by Fed Chair before Congress.
As per the last close, U.S markets closed higher after Fed Chairman
came in with few surprises in the semiannual monetary policy testimony.
The Chairman stated that the U.S. economy has grown at a solid pace so
far in 2018 and expects job market to remain strong. Gains in technology
stocks boosted the indices.
Markets for You
FII Derivative Trade Statistics 17-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 2530.04 1934.93 24213.64
Index Options 50892.25 49192.22 65196.18
Stock Futures 12709.00 13173.88 80011.29
Stock Options 9880.55 9950.89 7049.06
Total 76011.84 74251.92 176470.17
17-Jul Prev_Day
Put Call Ratio (OI) 1.68 1.62 0.06
Indian Debt Market
Put Call Ratio(Vol) 1.04 1.13 -0.09
17-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 6.12% 6.15% 6.10% 6.07%
CBLO 6.23% 6.24% 6.09% 6.17%
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% 6.40% 6.50% 6.18%
364 Day T-Bill 7.18% 7.11% 7.05% 6.28%
10 Year Gilt 7.75% 7.90% 7.89% 6.46%
G-Sec Vol. (Rs.Cr) 53995 15049 28561 39571
Currency Market Update
FBIL MIBOR 6.30% 6.26% 6.24% 6.25%
3 Month CP Rate 7.65% 7.15% 7.65% 6.58%
5 Year Corp Bond 8.71% 8.86% 8.78% 7.44%
1 Month CD Rate 6.50% 6.32% 7.00% 6.26%
3 Month CD Rate 7.05% 6.77% 7.04% 6.30%
1 Year CD Rate 7.98% 8.10% 8.46% 6.59%
Commodity Market Update
Currency 17-Jul Prev_Day
USD/INR 68.30 68.59 -0.29
GBP/INR 90.52 90.85 -0.33
EURO/INR 80.10 80.25 -0.15
International News
JPY/INR 0.61 0.61 0.00
Commodity 17-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 67.98 74.06 65.01 45.97
Brent Crude($/bl) 70.31 77.41 71.11 47.70
Gold( $/oz) 1227 1255 1279 1234
Gold(Rs./10 gm) 30044 30399 31068 28036
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
18 July 2018
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty July 2018 Futures were at 11023.75, a premium of 15.70 points,
above the spot closing of 11,008.05. The turnover on NSE’s Futures and
Options segment went down to Rs. 7,46,544.77 crore on Jul 17 from Rs.
5,79,798.56 crore on Jul 16.
The Put-Call ratio stood at 0.93 against previous session’s close of
The Nifty Put-Call ratio stood at 1.68 against the previous session’s
close of 1.62.
Open interest on Nifty Futures stood at 26.82 million as against the
previous session’s close at 26.13 million.
Bond yields declined after two straight days of increase as global crude
oil prices fell and alleviated concerns of rise in domestic inflationary
pressures to some extent.
Yield on the 10-year benchmark paper (7.17% GS 2028) fell 5 bps to
close at 7.75% as against its previous close of 7.80%. During the session,
bond yields traded in the range of 7.73% and 7.79%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,158 crore (gross) on Jul 17, compared with
Rs. 13,468 crore (gross) borrowed on Jul 16. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 8,579
crore on Jul 16.
Banks borrowed Rs. 925 crore under the central bank’s Marginal
Standing Facility on Jul 16 compared with borrowing of Rs. 115 crore on
Jul 13.
The rupee rose against the greenback following decline in crude oil
prices. Gains were extended as market participants awaited the U.S.
Federal Chief’s testimony on the economy and monetary policy.
The euro fell against the greenback as concerns over the trade dispute
rose, weighing on investor sentiments. Market participants were also
cautious ahead of U.S. Federal Chief’s testimony that will provide clues
on the interest rates changes and U.S. economy’s momentum.
Gold prices traded lower as greenback gained against the euro.
Brent Crude prices traded lower as worries eased over supply
disruptions. According to the U.S. Energy Information Administration,
production from seven major U.S. shale oil formations is expected to
rise by 143,000 barrels per day (bpd) to 7.47 million bpd in Aug 2018.
Data from Office for National Statistics showed Britain's employment
level set a new record in Mar to May 2018. Employment grew to 32.399
million, a rise of 137,000 sequentially. Unemployment remained
unchanged and pay growth eased to its lowest level in six months.
According to data from Istat, Italy's consumer price inflation rose less
than expected in Jun 2018 at 1.3% YoY. But it was faster than the 1.0%
rise in May. Inflation increased because of higher prices of unregulated
energy and food products. Core inflation excluding energy and
unprocessed food was stable at 0.8%.
Data from Istat showed Italy's industrial orders recovered in May 2018
and sales grew at a faster pace. Industrial orders increased a seasonally
adjusted 3.6% MoM in May, against a 0.6% fall in Apr 2018.
Markets for You
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