23 Jul 2018
Markets for You
Global Indices
Global Indices 20-Jul Prev_Day Abs. Change
% Change
Dow Jones 25,058 25,065 -6 -0.03
Nasdaq 7,820 7,825 -5 -0.07
FTSE 7,679 7,684 -5 -0.07
Nikkei 22,698 22,765 -67 -0.29
Hang Seng 28,224 28,011 214 0.76
Indian Indices 20-Jul Prev_Day Abs. Change
% Change
S&P BSE Sensex 36,496 36,351 145 0.40
Nifty 50 11,010 10,957 53 0.48
Nifty 100 11,216 11,161 55 0.50
Nifty Bank 26,873 26,790 84 0.31
SGX Nifty 11,026 10,980 46 0.42
S&P BSE Power 1,892 1,885 6 0.34
S&P BSE Small Cap 15,721 15,657 64 0.41
S&P BSE HC 13,661 13,518 143 1.06
Date P/E Div. Yield P/E Div. Yield
20-Jul 22.90 1.21 27.36 1.22
Month Ago 22.80 1.25 26.52 1.22
Year Ago 23.37 1.23 25.22 1.01
Nifty 50 Top 3 Gainers
Company 20-Jul Prev_Day
% Change
Bajaj Finance 2721 2520 7.98
Aurobindo Pharma 584 568 2.81
Sun Pharma 560 545 2.78
Nifty 50 Top 3 Losers Domestic News
Company 20-Jul Prev_Day
% Change
Bajaj Auto 2840 3115 -8.84
HPCL 275 284 -3.16
Indian Oil 161 166 -2.86
Advance Decline Ratio
Advances 1135 811
Declines 1437 975
Unchanged 124 86
Institutional Flows (Equity)
Description (Cr)
FII Flows* -6903
MF Flows** 72228
Jul 2018; **16
Jul 2018
Economic Indicator
YoY(%) Current Year Ago
23 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 modestly higher due to optimism that the
ruling government may win the no-confidence vote scheduled post
market hours. Financial stocks surged after Indian non-banking financial
firm and its unit surged on strong quarterly results. The Indian rupee
recovered from its all time low during the day, thereby adding to the
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.40% and
0.48% to close at 36,496.37 and 11,010.20, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap fell 0.73% and 0.41%.
On the BSE sectoral front, S&P BSE Information Technology stood as the
major gainer, up 1.51% followed by S&P BSE Teck that grew 1.38%. S&P
BSE Healthcare and S&P BSE Telecom grew 1.06% and 1.04%. S&P BSE
Capital Goods and S&P BSE Energy grew 0.94% and 0.87%. S&P BSE Oil &
Gas stood as the major loser, down 0.65% followed by S&P BSE Metal that
fell 0.55%. S&P BSE Auto and S&P BSE Basic Materials fell 0.40% and
0.19%, respectively. Auto stocks witnessed decline as shares of an auto
major fell on lower than expected standalone net profit for the quarter
ended Jun 2018.
A National Appellate Tribunal could be set up by the GST council in
Delhi. It will have three regional benches and members from the judiciary
and tax departments. Under the GST regime, states have their own
appellate authorities called Authority for Advance Ruling (AAR). The
national tribunal will hear appeals against the state appellate authorities.
The proposal is set to be placed before the GST council on Jul 21. The
three regional benches will at Mumbai, Chennai and Kolkata. This step is
being considered to mitigate problems arising from contradictory orders
of AAR in different states.
The government has approved amendments to the Insolvency and
Bankruptcy Code (IBC) and now lenders will have to adhere to an
additional step in finalising resolution plans. The plans would now have to
be cleared by the Competition Commission of India (CCI) before the
Committee of Creditors (COC) finalises it. This will help avoid litigation
that could hinder resolution at an advanced stage.
In their meeting with government officials, real estate developers
discussed issues such as reducing GST, tax concessions and ways to boost
investment. Other than this, they looked into ways to increase the
effectiveness of RERA and complete stalled projects. Another meeting will
be held to take the discussion further.
Wipro’s consolidated net profit increased 2% to Rs. 2,120.8 crore for the
quarter ended Jun 2018 compared with Rs. 2,076.7 crore in the year-ago
period. Revenue from operations increased 2.5% to Rs. 13,977.7 crore
against Rs. 13,626.1 crore in the corresponding period last year.
Kansai Nerolac Paints’ net profit went down a tad to Rs. 139.84 crore for
the Jun quarter. The company had registered net profit of Rs. 140.81 crore
in the year-ago period. Gross sales increased 4.89% to Rs. 1,513.26 crore
against Rs. 1,442.75 crore in the corresponding period last year.
JSW Cement will investment $150 million for setting up a 1 million tonne
per annum (mtpa) clinker unit in Fujairah, UAE. The company will also
make a captive power plant to cater to the clinker unit. This is part of JSW
Cement’s aim to achieve 20 MTPA capacity by 2020.
Markets for You
Asian markets mostly moved up after China's central bank has lowered
its currency further to its lowest level in a year. Also, Japanese consumer
price inflation rose 0.7% year-on-year in June. However, escalating trade
war concerns across the globe limited the upside. Today (as of Jul 23),
Asian markets opened mixed. Strong yen weighed on Nikkei, while gains
in heavily weighted financials supported Hang Seng. Nikkei was trading
lower 1.16% and Hang Seng was trading up 0.29% (as at 8.a.m. IST).
As per the last close, European markets closed lower after the U.S.
President indicated imposing tariffs on all Chinese imports to the U.S. The
President also indicated gradually raising interest rates.
As per the last close, U.S markets closed lower after U.S. President
indicated to impose tariffs on all Chinese imports. However, most of the
losses were nullified following strong quarterly results from major U.S.
FII Derivative Trade Statistics 20-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 4366.31 3286.64 25967.91
Index Options 129161.99 127520.10 74382.52
Stock Futures 13467.18 13356.84 79721.58
Stock Options 10138.91 10041.99 8320.03
Total 157134.39 154205.57 188392.04
20-Jul Prev_Day
Put Call Ratio (OI) 1.71 1.64 0.07
Indian Debt Market
Put Call Ratio(Vol) 0.95 1.07 -0.12
20-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 6.20% 6.16% 6.24% 6.05%
CBLO 5.78% 6.23% 6.28% 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 6.58% 6.53% 6.44% 6.10%
364 Day T-Bill 7.21% 7.19% 7.07% 6.21%
10 Year Gilt 7.79% 7.79% 7.83% 6.45%
G-Sec Vol. (Rs.Cr) 21859 37952 27777 32732
Currency Market Update
FBIL MIBOR 6.21% 6.29% 6.30% 6.25%
3 Month CP Rate 7.55% 7.55% 7.55% 6.56%
5 Year Corp Bond 8.72% 8.76% 8.71% 7.42%
1 Month CD Rate 6.62% 6.38% 6.86% 6.22%
3 Month CD Rate 6.97% 6.98% 6.89% 6.27%
1 Year CD Rate 7.98% 7.99% 8.10% 6.52%
Commodity Market Update
Currency 20-Jul Prev_Day
USD/INR 68.85 68.83 0.01
GBP/INR 89.67 89.93 -0.26
EURO/INR 80.31 80.12 0.20
International News
JPY/INR 0.61 0.61 0.00
Commodity 20-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 70.26 70.98 65.92 46.68
Brent Crude($/bl) 71.83 73.80 73.59 48.13
Gold( $/oz) 1231 1241 1268 1244
Gold(Rs./10 gm) 29849 30080 30589 28165
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
23 July 2018
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty July 2018 Futures were at 11,024.85, a premium of 14.65 points,
above the spot closing of 11,010.20. The turnover on NSE’s Futures and
Options segment went down to Rs. 5,24,534.82 crore on Jul 20 from Rs.
18,20,233.69 crore on Jul 19.
The Put-Call ratio stood at 0.79 against previous session’s close of 0.80.
The Nifty Put-Call ratio stood at 1.71 against the previous session’s
close of 1.64.
Open interest on Nifty Futures stood at 27.99 million as against the
previous session’s close at 26.76 million.
Bond yields remained unchanged as investors preferred to stay on
sidelines ahead of Monetary Policy Committee scheduled on Aug 1. No
major trigger in the market also led to subdued bond market activity.
Yield on the 10-year benchmark paper (7.17% GS 2028) remained
unchanged to close at 7.79% as against its previous close. During the
session, bond yields traded in the range of 7.77% and 7.80%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 16,381 crore (gross) on Jul 20, compared with
Rs. 3,796 crore (gross) borrowed on Jul 19. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 10,480
crore on Jul 19.
Banks borrowed Rs. 73 crore under the central bank’s Marginal
Standing Facility on Jul 19 compared with borrowing of Rs. 70 crore on
Jul 18.
The rupee fell initially against the greenback following persistent
weakness in the Chinese yuan due to escalation in trade tensions
between U.S. and China. However, the trend reversed due to
intervention by the Reserve Bank of India.
The euro rose against the greenback after the U.S. President expressed
concerns regarding the strength of the greenback and the recent
increase in interest rates by the U.S. Federal Reserve.
Gold prices gained on weaker dollar against the euro. Meanwhile, the
U.S. President has raised his concerns over the rate hike decision of the
U.S. Federal Reserve (Fed).
Brent crude prices inched down on concerns over the ongoing trade
tensions between U.S. and China.
Eurostat data showed deficit of euro area government continues to
decrease in the first quarter. The decline came as revenue went up and
expenditure fell. General government deficit to GDP decreased to 0.1%
from 0.6% in the fourth quarter. Government revenue increased to
46.3% of GDP from 46.1%. Expenditure decreased to 46.4% against
46.8% in the previous quarter.
European Central Bank data showed euro area current account surplus
decreased in May 2018 to a seasonally adjusted EUR 22.44 billion
against EUR 29.55 billion in Apr 2018. This level is lowest since Mar
2015. Goods and services trade surplus declined to EUR 21 billion and
EUR 8 billion, respectively.
Markets for You
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