19 Jul 2018
Markets for You
Global Indices
Global Indices 18-Jul Prev_Day Abs. Change
% Change
Dow Jones 25,199 25,120 79 0.32
Nasdaq 7,854 7,855 -1 -0.01
FTSE 7,676 7,626 50 0.65
Nikkei 22,794 22,697 97 0.43
Hang Seng 28,117 28,182 -64 -0.23
Indian Indices 18-Jul Prev_Day Abs. Change
% Change
S&P BSE Sensex 36,373 36,520 -147 -0.40
Nifty 50 10,980 11,008 -28 -0.25
Nifty 100 11,189 11,231 -42 -0.37
Nifty Bank 26,881 27,008 -127 -0.47
SGX Nifty 10,988 11,027 -39 -0.35
S&P BSE Power 1,896 1,916 -20 -1.04
S&P BSE Small Cap 15,815 15,966 -152 -0.95
S&P BSE HC 13,689 13,770 -81 -0.59
Date P/E Div. Yield P/E Div. Yield
18-Jul 22.95 1.21 27.28 1.19
Month Ago 22.90 1.24 26.60 1.22
Year Ago 23.26 1.23 25.10 1.06
Nifty 50 Top 3 Gainers
Company 18-Jul Prev_Day
% Change
Indiabulls HFC 1200 1153 4.08
ONGC 160 156 2.66
BPCL 402 393 2.47
Nifty 50 Top 3 Losers Domestic News
Company 18-Jul Prev_Day
% Change
Tata Steel 504 532 -5.28
Hindalco 212 220 -3.23
Vedanta 204 210 -3.05
Advance Decline Ratio
Advances 851 499
Declines 1743 1299
Unchanged 133 79
Institutional Flows (Equity)
Description (Cr)
FII Flows* -6659
MF Flows** 72228
Jul 2018; **16
Jul 2018
Economic Indicator
YoY(%) Current Year Ago
19 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 red after a no-confidence motion
was moved by the opposition parties against the ruling government and
was accepted by the Parliament. Weakness in rupee and decline in metal
stocks due to slowdown in China’s GDP in the second quarter added to
the losses. However, gains in oil & gas stocks due to fall in crude oil
prices restricted the losses.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.40% and
0.25% to close at 36,373.44 and 10,980.45, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap fell 1.27% and 0.95%.
The overall market breadth on BSE was weak with 1,743 scrips
declining and 851 scrips advancing. A total of 133 scrips remained
On the BSE sectoral front, S&P BSE Metal stood as the major loser,
down 3.12% followed by S&P BSE Realty that fell 2.42%. S&P BSE Basic
Materials and S&P BSE Telecom fell 1.89% and 1.85%. S&P BSE Auto and
S&P BSE Industrials fell 1.36% and 1.23%. S&P BSE Oil & Gas stood as the
major gainer, up 1.07% followed by S&P BSE Energy that grew 0.37%.
As per media reports, central government employees and pensioners
could get another salary hike as the government is going to change the
index and base year for calculating dearness allowance (DA). Proposal is
afloat to change the base year every six years to better reflect the
increase in living expenses. DA was increased by 2% from Mar 2018
under the recommendations of the Pay Commission. Consumer price
index for industrial workers (CPI-IW) is used to arrive at DA and the
labour ministry is busy creating a new series of CPI-IW. DA is paid to
government employees, public sector employees and pensioners to
adjust the cost of living and is a percentage of the basic salary.
In order to increase the returns of milk producers, the government has
offered 10% incentive for dairy product exports. It is also thinking of
including milk in mid-day meals. This comes as farmers have been
protesting for an increase in the prices of milk and a Rs. 5 per litre
government subsidy.
The International Monetary Fund (IMF) has shown optimism on India’s
economy despite downgrading growth slightly for 2018-19 and 2019-20.
The downgrade was done because of rising inflation and a tightening
monetary policy. The bank said the economy is growing very strongly.
The government has said it will look into the disinvestment plan for Air
India later after issues like oil prices and foreign exchange stabilise. The
government’s plan to sell 76% stake in Air India and transfer
management to private players could not fructify in May 2018.
According to media reports, Reliance Industries Ltd is planning to raise
around Rs. 40,000 crore in fresh debt in 2018-19. The company is
expanding into the consumer businesses.
The National Company Law Appellate Tribunal has reserved its order
on Essar Steel bid by ArcelorMittal and Russia’s VTB Capital-backed
Numetal. The petition was filed by ArcelorMittal and Numetal.
Asian markets traded in mixed after the Federal Reserve in its
testimony indicated a positive outlook for the U.S. economy. Upbeat U.S.
economic data further boosted investors’ confidence in the global
growth trajectory. However, lower crude oil prices and persisting trade
tensions limited the upside. Today (as of July 19), Asian markets opened
higher taking cues from rise in Wall Street's last session on strong
corporate earnings. Gains in mining and semiconductor sector boosted
the indices. Nikkei and Hangseng grew 0.42% and 0.57%, respectively (as
at 8.a.m. IST).
As per the last close, European markets closed almost higher following
weakness in Euro. Dollar has strengthened on upbeat comments by U.S.
Federal Reserve’s (Fed) Chair in the testimony before Congress. Investors
remained focused towards earnings results and Fed’s chairs’ second day
of testimony.
As per the last close, U.S markets closed almost higher following
strong earnings results from some of the U.S. majors. Gains in
transportation, financial and steel stocks boosted the indices.
Markets for You
FII Derivative Trade Statistics 18-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 2267.07 2642.92 25380.99
Index Options 67224.13 66571.86 67628.57
Stock Futures 12754.66 12486.05 80897.25
Stock Options 8807.35 8803.20 7650.41
Total 91053.21 90504.03 181557.22
18-Jul Prev_Day
Put Call Ratio (OI) 1.65 1.68 -0.03
Indian Debt Market
Put Call Ratio(Vol) 1.22 1.04 0.18
18-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 6.14% 6.17% 6.17% 6.07%
CBLO 6.22% 6.25% 6.18% 6.18%
Repo 6.25% 6.25% 6.25% 6.25%
Reverse Repo 6.00% 6.00% 6.00% 6.00%
91 Day T-Bill 6.54% 6.52% 6.41% 6.11%
364 Day T-Bill 7.21% 7.20% 7.06% 6.35%
10 Year Gilt 7.75% 7.87% 7.88% 6.46%
G-Sec Vol. (Rs.Cr) 36816 20274 30799 39867
Currency Market Update
FBIL MIBOR 6.30% 6.30% 6.25% 6.25%
3 Month CP Rate 7.65% 7.55% 7.60% 6.54%
5 Year Corp Bond 8.73% 8.84% 8.78% 7.43%
1 Month CD Rate 6.48% 6.40% 6.78% 6.25%
3 Month CD Rate 7.06% 6.97% 7.06% 6.26%
1 Year CD Rate 8.00% 7.98% 8.07% 6.60%
Commodity Market Update
Currency 18-Jul Prev_Day
USD/INR 68.57 68.30 0.27
GBP/INR 89.73 90.52 -0.79
EURO/INR 79.74 80.10 -0.36
International News
JPY/INR 0.61 0.61 0.00
Commodity 18-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 68.73 70.42 65.91 46.35
Brent Crude($/bl) 69.61 74.96 74.34 47.86
Gold( $/oz) 1226 1242 1278 1242
Gold(Rs./10 gm) 29729 30403 30693 28188
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
19 July 2018
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty July 2018 Futures were at 10,978.6, a discount of 1.85 points,
below the spot closing of 10,980.45. The turnover on NSE’s Futures and
Options segment went up to Rs. 11,96,439.43 crore on Jul 18 from Rs.
7,46,544.77 crore on Jul 17.
The Put-Call ratio stood at 0.99 against previous session’s close of
The Nifty Put-Call ratio stood at 1.65 against the previous session’s
close of 1.68.
Open interest on Nifty Futures stood at 26.64 million as against the
previous session’s close at 26.82 million.
Bond yields remained steady as profits taken by market participants
nullified early gains that was led by the Central Bank’s declaration of
bond purchase.
Yield on the 10-year benchmark paper (7.17% GS 2028) remained
unchanged to close at 7.75% as against its previous close. During the
session, bond yields traded in the range of 7.71% and 7.76%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,873 crore (gross) on Jul 18, compared with
Rs. 4,158 crore (gross) borrowed on Jul 17. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 11,570
crore on Jul 17.
Banks borrowed Rs. 245 crore under the central bank’s Marginal
Standing Facility on Jul 17 compared with borrowing of Rs. 925 crore on
Jul 16.
The rupee tumbled to a one-week low against the greenback after the
U.S. Federal Chief gave signals that the central bank would continue
raising interest rates, which could further pressurize the Indian currency.
The rupee fell 0.25% to close at 68.62 compared with the previous close
of 68.45.
The euro fell for the second straight day against the greenback after
the U.S. Federal Chief indicated that the central bank was on track to
steadily hike interest rates. Euro was last seen trading at $1.1619, down
0.34% from the previous close of $1.1659.
Gold prices traded lower as greenback gained against the euro
following U.S. Federal Reserve Chairman’s comments that increased the
possibility of gradual rate hike by the Central Bank.
Brent Crude prices traded lower after a rise in U.S. crude inventories
indicated increase in global supply.
According to data from the Commerce Department, U.S. housing starts
pulled back more than expected in Jun 2018. Housing starts fell 12.3% to
an annual rate of 1.173 million. This comes after the county had
reported a steep increase in new residential construction in May.
The Federal Reserve chairman repeated in his testimony that a gradual
increase in interest rates is the best option for the future. The chairman
gave an optimistic valuation of the U.S. economy.
As per data from National Association of Home Builders, homebuilder
confidence was steady in Jul 2018, in line with expectations. The
NAHB/Wells Fargo Housing Market Index was unchanged in Jul and had
dropped to 68 in Jun 2018.
Markets for You
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