20 Jul 2018
Markets for You
Global Indices
Global Indices 19-Jul Prev_Day Abs. Change
% Change
#
Dow Jones 25,065 25,199 -135 -0.53
Nasdaq 7,825 7,854 -29 -0.37
FTSE 7,684 7,676 8 0.10
Nikkei 22,765 22,794 -30 -0.13
Hang Seng 28,011 28,117 -107 -0.38
Indian Indices 19-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,351 36,373 -22 -0.06
Nifty 50 10,957 10,980 -23 -0.21
Nifty 100 11,161 11,189 -29 -0.26
Nifty Bank 26,790 26,881 -91 -0.34
SGX Nifty 10,980 10,988 -8 -0.07
S&P BSE Power 1,885 1,896 -11 -0.58
S&P BSE Small Cap 15,657 15,815 -157 -1.00
S&P BSE HC 13,518 13,689 -171 -1.25
Date P/E Div. Yield P/E Div. Yield
19-Jul 22.73 1.22 27.22 1.19
Month Ago 22.63 1.26 26.38 1.23
Year Ago 23.46 1.22 25.28 1.01
Nifty 50 Top 3 Gainers
Company 19-Jul Prev_Day
% Change
#
Bharti Airtel 345 337 2.43
Yes Bank 392 384 2.25
Vedanta 208 204 2.21
Nifty 50 Top 3 Losers Domestic News
Company 19-Jul Prev_Day
% Change
#
Hindalco 198 212 -6.97
Bharti Infratel 285 299 -4.66
Kotak Bank 1347 1399 -3.66
Advance Decline Ratio
BSE NSE
Advances 791 497
Declines 1802 1309
Unchanged 134 90
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -6661
MF Flows** 72228
*19
th
Jul 2018; **16
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)
20 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
Nifty
6.90%
(Feb-18)
7.00%
(Dec-17)
Quarter Ago
Inflow/Outflow
-29
-2
4.28%
(Mar-18)
• Indian Equity markets closed slightly lower as investors remained
cautious ahead of a no-confidence motion against the ruling
government. Parliament will debate a no-confidence motion on Jul 20,
2018 that was moved by opposition parties against the ruling
government. Weakness in rupee and subdued global markets due to
renewed concerns over the impact of tariffs weighed on the indices.
• Decline in banking stocks after stocks of Indian private sector bank fell
on lower than expected rise in net profit for the quarter ended Jun 30,
2018 added to the losses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.06% and
0.21% to close at 36,351.23 and 10,957.10, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap fell 0.63% and 1.00%.
• The overall market breadth on BSE was weak with 1,802 scrips
declining and 791 scrips advancing. A total of 134 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Capital Goods stood as the major
loser, down 1.80% followed by S&P BSE Healthcare that fell 1.25%.
• The Asian Development Bank (ADB) has said South Asia will be the
fastest growing economic region, led by India. Obstacles like trade
tensions between U.S. and India will not come in the way of this growth,
according to ADB.
• According to media reports, the government may sell public sector
infrastructure projects that are running successfully to private
companies. These projects could include power and steel plants of
companies such as NTPC and SAIL. The objective is to raise fresh capital
and encourage new projects.
• Insurance companies may soon be allowed to invest in infrastructure
projects, according to media reports. Insurance Regulatory and
Development Authority (IRDA) is considering easing rules to
accommodate insurance companies. Projects rated EL1 will be eligible
for investment by insurance companies.
• The Confederation of Real Estate Developers' Associations of India
(CREDAI) has urged the government to regulate steel prices as they have
gone up steeply in the last two years. The rise in prices has led to
increase in construction cost. CREDAI has written a letter to the PMO.
• Ultratech Cement’s standalone net profit decreased 33% to Rs. 598.39
crore in the quarter ended Jun 2018. The fall was on the back of higher
petcoke and fuel prices.
• Sun Pharmaceutical Industries Ltd has got approval for a product made
at its Halol, Gujarat, plant from the US Food and Drug Administration
(USFDA). The nod is for Infugem, used for the treatment of cancer.
• Kotak Mahindra Bank’s standalone net profit increased 12.29% to Rs.
1024.94 crore for the quarter ended Jun 2018. In the same quarter last
year net profit was Rs. 912.73 crore.
• Bajaj Finance’s consolidated net profit increased 81.40% to Rs. 835.89
crore for the quarter ended Jun 2018. In the same period previous year,
consolidated net profit was Rs. 460.91 crore. Consolidated revenue
increased to Rs. 3,936.45 crore from Rs. 2,832.85 crore.
• Asian markets largely remained weak as concerns over ongoing U.S.
China trade row overshadowed corporate earnings optimism and
positive vibes generated by U.S. Federal Reserve (Fed) Chief’s upbeat
comments on the U.S. economy in the latest testimony. Today (as of July
20), Asian markets opened lower as U.S. President’s criticism of the Fed
weighed on the market sentiment. Nikkei and Hangseng fell 0.76% and
0.73%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed almost lower following
decline in basic resources stocks on worries about the Chinese economy.
Weakness in Wall Street also weighed on investor sentiment.
• As per the last close, U.S markets closed almost lower following
disappointing earnings news from several U.S. majors. Further,
comments from the U.S. President that “he is not thrilled with interest
rate hikes by the U.S. Federal Reserve” weighed on the market
sentiment. Profit taking after an upward move in recent sessions further
led to the pullback.
Markets for You
FII Derivative Trade Statistics 19-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 3779.98 3422.04 25506.34
Index Options 123155.19 121528.64 72874.80
Stock Futures 13485.03 14086.68 80118.67
Stock Options 10223.89 10208.88 8148.46
Total 150644.09 149246.24 186648.27
19-Jul Prev_Day
Change
Put Call Ratio (OI) 1.64 1.65 -0.01
Indian Debt Market
Put Call Ratio(Vol) 1.07 1.22 -0.15
19-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 6.13% 6.14% 6.17% 6.08%
CBLO 6.18% 6.23% 6.25% 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 6.55% 6.53% 6.45% 6.11%
364 Day T-Bill 7.20% 7.19% 7.07% 6.29%
10 Year Gilt 7.79% 7.78% 7.86% 6.45%
G-Sec Vol. (Rs.Cr) 31971 34222 24210 62542
Currency Market Update
FBIL MIBOR 6.29% 6.30% 6.30% 6.25%
3 Month CP Rate 7.55% 7.55% 7.55% 6.54%
5 Year Corp Bond 8.75% 8.74% 8.78% 7.43%
1 Month CD Rate 6.46% 6.46% 7.08% 6.22%
3 Month CD Rate 7.07% 6.98% 6.99% 6.25%
1 Year CD Rate 7.97% 7.99% 8.06% 6.54%
Commodity Market Update
Currency 19-Jul Prev_Day
Change
USD/INR 68.83 68.57 0.27
GBP/INR 89.93 89.73 0.20
EURO/INR 80.12 79.74 0.38
International News
JPY/INR 0.61 0.61 0.00
Commodity 19-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 69.37 70.23 65.09 47.05
Brent Crude($/bl) 71.03 71.80 74.39 47.93
Gold( $/oz) 1222 1247 1274 1240
Gold(Rs./10 gm) 29742 30147 30757 28198
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
20 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 10,973.55, a premium of 16.45 points,
above the spot closing of 10,957.10. The turnover on NSE’s Futures and
Options segment went up to Rs. 18,20,233.69 crore on Jul 19 from Rs.
11,96,439.43 crore on Jul 18.
• The Put-Call ratio stood at 0.80 against previous session’s close of
0.99.
• The Nifty Put-Call ratio stood at 1.64 against the previous session’s
close of 1.65.
• Open interest on Nifty Futures stood at 26.76 million as against the
previous session’s close at 26.64 million.
• Bond yields rose following rise in U.S. Treasury yields and after the
rupee plunged to a record low against the greenback. U.S. Treasury
yields rose after the U.S. Federal Reserve Chief in its second day
testimony played down the risks to the economy from an escalating
trade conflict between U.S. and China and indicated continued rate
hikes in 2018.
• Yield on the 10-year benchmark paper (7.17% GS 2028) increased by 4
bps to close at 7.79% as against its previous close of 7.75%. During the
session, bond yields traded in the range of 7.76% and 7.79%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,796 crore (gross) on Jul 19, compared with
Rs. 3,873 crore (gross) borrowed on Jul 18. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 5,280
crore on Jul 18.
• The rupee plunged against the greenback as it closed below the 69-
mark for the first time ever after the Chinese yuan extended losses
against the U.S. dollar to the lowest level in more than a year. The rupee
fell 0.62% to close at 69.05 compared with the previous close of 68.62.
• The euro fell for the third straight day against the greenback after the
U.S. Federal Chief indicated continued rate hikes in 2018. Euro was last
seen trading at $1.1602, down 0.31% from the previous close of
$1.1638.
• Gold prices traded lower due to sell off in metals owing to stronger
greenback.
• Brent Crude prices traded higher following reports that Saudi Arabia
will not pump much more oil in Jul 2018.
• According to Labor Department, first-time claims for U.S.
unemployment benefits decreased unexpectedly in the week to Jul 14.
Initial jobless claims went down to 207,000, compared with the previous
week's 215,000, while expectations for a rise to 220,000.
• A Federal Reserve Bank of Philadelphia report showed regional
manufacturing activity rebounded in Jul 2018. The pace of growth had
slowed down in the previous month.
• According to Federal Reserve’s Beige Book, U.S. economic activity
continues to expand. Fed’s next policy meet is in two weeks. Most
districts reported modest to moderate increase in employment.
Labor markets were tight in all districts, Fed said.
Markets for You
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