26 Jul 2018
Markets for You
Global Indices
Global Indices 25-Jul Prev_Day Abs. Change
% Change
#
Dow Jones 25,414 25,242 172 0.68
Nasdaq 7,932 7,841 91 1.17
FTSE 7,658 7,709 -51 -0.66
Nikkei 22,614 22,510 104 0.46
Hang Seng 28,921 28,663 258 0.90
Indian Indices 25-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,858 36,825 33 0.09
Nifty 50 11,132 11,134 -2 -0.02
Nifty 100 11,386 11,389 -4 -0.03
Nifty Bank 27,031 26,974 57 0.21
SGX Nifty 11,129 11,161 -33 -0.29
S&P BSE Power 1,917 1,947 -30 -1.52
S&P BSE Small Cap 16,255 16,219 37 0.23
S&P BSE HC 13,910 13,961 -51 -0.36
Date P/E Div. Yield P/E Div. Yield
25-Jul 23.27 1.19 27.66 1.20
Month Ago 22.69 1.25 26.48 1.23
Year Ago 23.47 1.21 25.45 1.00
Nifty 50 Top 3 Gainers
Company 25-Jul Prev_Day
% Change
#
Indiabulls HFC 1307 1258 3.91
SBI 272 267 1.87
Bosch 19044 18730 1.68
Nifty 50 Top 3 Losers Domestic News
Company 25-Jul Prev_Day
% Change
#
NTPC 151 157 -4.10
Lupin 797 821 -2.92
HCL Tech 964 992 -2.75
Advance Decline Ratio
BSE NSE
Advances 1371 985
Declines 1265 816
Unchanged 152 93
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -6348
MF Flows** 74115
*25
th
Jul 2018; **20
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)
26 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
-199
54
4.28%
(Mar-18)
• Securities and Exchange Board of India (SEBI) has proposed easier rules
for the simplification of existing framework on re-classification of
promoters as public shareholders. It has proposed that if a promoter plans
to be re-classified as a public shareholder, then the entity needs to first
apply to the listed company. Thereafter, the listed firm would seek the
approval of the board of directors and the minority shareholders on the
resolution.
• According to the media reports, Securities and Exchange Board of India
(SEBI) is planning to limit the mutual fund distributor commissions. This
comes in the wake of checking mis-selling as customers are moved from
one scheme to the other scheme by the distributors in order to earn
commissions. The market regulator is planning to cap lifetime distributor
commissions for fixed-income schemes at 1.5%-2% and equity-oriented
mutual fund schemes at 4-5%. The upfront commissions are also expected
to automatically come down from with this capping of commissions.
• Indian cotton exports could rise 20% in Oct 2017 to Sep 2018 cotton
season compared with last year, according to Cotton Advisory Board
estimates. Exports are likely to touch 70 lakh bales by Sep 2018. Cotton
production for the season is expected to be 370 lakh bales.
• Government has informed the Parliament that 59 mega central sector
infrastructure projects have run into cost overruns of Rs 1.36 lakh crore.
Each of these projects was worth around Rs. 1,000 crore.
• According to Commerce and Industry Minister, India's exports would
grow at a healthy pace in the coming months. Exports are expected to
touch $350 billion in 2018-19. Services sector is expected to become a
dominant one and drive the Indian economy. The sector could contribute
$3 trillion to the Indian GDP by 2025. The minister added that India is
keen on services export to countries in Africa and Latin America.
Markets for You
• Domestic equity markets ended on a flat note in the middle of volatile
trade. Though Sensex (or a key benchmark index) closed at all-time high,
Nifty (or the other key index) declined. Blue chip stocks were once again
in the middle of all the action on the bourses. Investors turned cautious as
earnings of major companies are due to release in the coming days.
• Key benchmark indices S&P BSE Sensex grew 0.09% and Nifty 50 fell a
tad by 0.02% to close at 36,858.23 and 11,132.00. S&P BSE Mid-Cap fell
0.12% and S&P BSE Small Cap grew 0.23%.
• The overall market breadth on BSE was strong with 1371 scrips
advancing and 1265 scrips declining. A total of 152 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Metal stood as the major gainer, up
0.82% followed by S&P BSE Finance that grew 0.46%. S&P BSE Basic
Material and S&P BSE Oil and Gas grew 0.24% and 0.18%. S&P BSE Energy
and S&P BSE Bankex grew 0.17% and 0.14%. S&P BSE Industrials and S&P
BSE Capital Goods were the top two losers, down 0.07% and 0.18%,
respectively.
• Asian stocks remained positive backed by strong U.S. corporate results.
There was optimism over China’s plan to empower its economy through
fiscal and financial measures. However, gains were capped by concerns
that the Bank of Japan may cut its stimulus programme. Meanwhile,
investors looked forward to U.S. President’s meeting with the European
Commission president. Today (as of Jul 26), Asian markets opened mixed
after reports that U.S. President obtained concessions from the European
Union to avoid a trade war. Nikkei was trading down 0.10% and Hang
Seng was trading up 0.09% (as at 8.a.m. IST).
• As per the last close, European markets closed lower as investors
awaited a key meeting between the European Commission and the
President. Weak German business sentiment data for Jul 2018 and mixed
corporate earnings also weighed on investor sentiment.
• As per the last close, U.S markets closed higher after a report from the
Wall Street Journal said European Union agreed to consider changes in its
trade policies to ease relations with the U.S. However, disappointing
result from a social media giant weighed on the technology sector.
FII Derivative Trade Statistics 25-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 8632.01 8667.34 29522.94
Index Options 68883.11 69131.40 76167.75
Stock Futures 30336.20 29864.59 82486.68
Stock Options 7341.40 7674.68 8368.54
Total 115192.72 115338.01 196545.91
25-Jul Prev_Day
Change
Put Call Ratio (OI) 1.89 1.89 0.00
Indian Debt Market
Put Call Ratio(Vol) 1.09 1.13 -0.04
25-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 6.24% 6.14% 6.23% 6.08%
CBLO 6.31% 6.22% 6.26% 6.24%
Repo 6.25% 6.25% 6.25% 6.25%
Reverse Repo 6.00% 6.00% 6.00% 6.00%
91 Day T-Bill 6.69% 6.54% 6.44% 6.09%
364 Day T-Bill 7.26% 7.21% 7.00% 6.22%
10 Year Gilt 7.79% 7.75% 7.82% 6.43%
G-Sec Vol. (Rs.Cr) 15005 36816 26377 51274
Currency Market Update
FBIL MIBOR 6.41% 6.30% 6.35% 6.25%
3 Month CP Rate 7.85% 7.65% 7.50% 6.51%
5 Year Corp Bond 8.73% 8.73% 8.70% 7.40%
1 Month CD Rate 6.75% 6.48% 7.16% 6.25%
3 Month CD Rate 7.24% 7.06% 6.96% 6.23%
1 Year CD Rate 8.02% 8.00% 8.07% 6.51%
Commodity Market Update
Currency 25-Jul Prev_Day
Change
USD/INR 68.80 69.05 -0.25
GBP/INR 90.58 90.30 0.28
EURO/INR 80.45 80.54 -0.09
International News
JPY/INR 0.62 0.62 0.00
Commodity 25-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 70.78 68.73 68.76 47.76
Brent Crude($/bl) 74.31 69.61 72.56 49.13
Gold( $/oz) 1231 1226 1265 1249
Gold(Rs./10 gm) 29904 29729 30540 28423
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
26 July 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields rose initially as global crude oil prices continued to remain
at elevated levels. Market participants also remained on the sidelines
ahead of the third bi-monthly monetary policy review due Aug 1, 2018.
However, most of the losses were neutralized following strength in the
rupee against the greenback.
• Yield on the 10-year benchmark paper (7.17% GS 2028) inched up 1
bps to close at 7.79% as against its previous close of 7.78%. During the
session, bond yields traded in the range of 7.78% and 7.81%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 16,156 crore (gross) on Jul 25, compared with
Rs. 24,623 crore (gross) borrowed on Jul 24. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 7,029
crore on Jul 24.
• Survey data from Munich-based Ifo Institute showed
Germany's business sentiment weakened for the second consecutive
month tough it was slightly above expectations. The business confidence
index declined to 101.7 in Jul 2018 from 101.8 in Jun 2018 because of
rising trade war concerns with the U.S. This is the lowest level since Mar
2017.
• The International Monetary Fund said it expects the
Philippine economy to sustain strong growth in the coming years. IMF
predicted the nation would sustain 2017 real GDP growth of 6.7% in
2018 and 2019 helped by strong consumption and investment.
Markets for You
• Nifty July 2018 Futures were at 11,136.4, a premium of 4.40 points,
above the spot closing of 11,132.00. The turnover on NSE’s Futures and
Options segment went up to Rs. 9,05,673.15 on Jul 25 from Rs.
8,74,238.49 on Jul 24.
• The Put-Call ratio stood at 0.91 against previous session’s close of 0.99.
• The Nifty Put-Call ratio stood at 1.89 unchanged from the previous
session’s close.
• India VIX moved down 1.18% to 12.3200 from 12.4675 in the previous
trading session.
• Open interest on Nifty Futures stood at 28.92 million as against the
previous session’s close at 29.29 million.
• The rupee rose against the greenback as the latter remained under
pressure ahead of a meeting between the U.S. President and the
European Commission President. The rupee rose 0.24% to close at 68.78
against the previous close of 68.94.
• The euro rose up against the greenback, as market participants
remained on the sidelines ahead of a meeting between the U.S. President
and the European Commission President which kept the U.S. dollar under
pressure. Euro was last seen trading at $1.1704, up 0.17% compared
with the previous close of $1.1684.
• Gold prices gained on weaker dollar against the euro. It got support
ahead of the second-quarter U.S. economic growth data.
• Brent crude prices inched down on persisting trade tension and as
investors remained cautious of the U.S. Energy Information
Administration (EIA) weekly data. .
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