27 Jul 2018
Markets for You
Global Indices
Global Indices 26-Jul Prev_Day Abs. Change
% Change
Dow Jones 25,527 25,414 113 0.44
Nasdaq 7,852 7,932 -80 -1.01
FTSE 7,663 7,658 5 0.06
Nikkei 22,587 22,614 -27 -0.12
Hang Seng 28,781 28,921 -140 -0.48
Indian Indices 26-Jul Prev_Day Abs. Change
% Change
S&P BSE Sensex 36,985 36,858 126 0.34
Nifty 50 11,167 11,132 35 0.32
Nifty 100 11,431 11,386 46 0.40
Nifty Bank 27,406 27,031 375 1.39
SGX Nifty 11,167 11,129 39 0.35
S&P BSE Power 1,945 1,917 28 1.44
S&P BSE Small Cap 16,306 16,255 51 0.31
S&P BSE HC 13,965 13,910 55 0.40
Date P/E Div. Yield P/E Div. Yield
26-Jul 23.34 1.18 27.75 1.20
Month Ago 22.69 1.25 26.02 1.23
Year Ago 23.58 1.21 25.57 1.00
Nifty 50 Top 3 Gainers
Company 26-Jul Prev_Day
% Change
Ambuja Cem 224 208 7.22
SBI 288 272 5.83
ICICI Bank 286 275 4.01
Nifty 50 Top 3 Losers Domestic News
Company 26-Jul Prev_Day
% Change
Maruti 9396 9759 -3.72
Yes Bank 370 383 -3.43
Indian Oil 159 163 -2.64
Advance Decline Ratio
Advances 1335 910
Declines 1238 879
Unchanged 138 106
Institutional Flows (Equity)
Description (Cr)
FII Flows* -6972
MF Flows** 74115
Jul 2018; **20
Jul 2018
Economic Indicator
YoY(%) Current Year Ago
27 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
The findings of National Sample Survey Office (NSSO) could be released
by Jun 2019. NSSO has done the 2017-18 consumer expenditure survey.
The findings will form the base for calculating absolute poverty. NSSO is
under the Ministry of Statistics and Programme Implementation and has
done data collection.
According to media reports, the government could set up an Asset
Management Company (AMC) for assisting banks to sell non-core assets,
which would include real estate. The government is doing this to boost
capital. The AMC’s role would be to acquire the asset, fix a valuation and
then sell it via a bidding process.
The chief economic adviser said GST slab of 28% could soon cease to
exist, calling it "virtually a hollow shell". The outgoing official is of the
opinion that the slab could phase out in the next year. The slab has been
cut in the case of 191 goods over the last one year, including ACs, digital
cameras, video recorders, dish-washing machines and automobiles. Only
35 items now fall under 28% GST.
The government by early next will put drafts of new forms for filing GST
returns in public domain. This is being done for stakeholder consultation.
Under the new return filing system, taxpayers who don't have purchase or
supplies in a quarter, can just send an SMS and their returns will be filed.
These are called ‘nil’ fillers. The GST council had cleared the new return
filing form last week and it will replace GSTR-1 and GSTR-3B returns.
To understand the problems related to GST, state and union territory
tax officers will approach trade and industry bodies and MSMEs. Their
issues and grievances would be then place before the GST council on Aug
4 for mitigation. This is being done on the suggestion of the Central Board
of Indirect Taxes and Customs (CBIC). The compiled suggestions and
responses will be sent to CBIC, the apex body for indirect taxes, by Jul 27.
Markets for You
Indian equity markets broke new ground yet again with benchmark
indices Sensex and Nifty closing at 36,984.64 and 11,167.30, respectively.
Persistent blue chip demand and optimism over corporate earnings were
the main reasons behind the exuberance. Other factors that supported
gains were capital infusion by DIIs and FIIs and the U.S. President relaxing
his stand over tariffs on trade with the European Union.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.34% and
0.32% to close at 36,984.64 and 11,167.30. S&P BSE Mid-Cap increased
0.76% and S&P BSE Small Cap grew 0.31%.
The overall market breadth on BSE was strong with 1335 scrips
advancing and 1238 scrips declining. A total of 138 scrips remained
On the BSE sectoral front, S&P BSE Utilities stood as the major gainer, up
1.66% followed by S&P BSE Power that grew 1.44%. S&P BSE Bankex and
S&P BSE Finance grew 1.43% and 1.29%. S&P BSE Telecom and S&P BSE
Realty grew 0.98% and 0.73%. S&P BSE Energy and S&P BSE Auto were the
top two losers, down 0.18% and 0.3%, respectively.
Asian stocks were mostly down as investors turned cautious over the
trade war and its effect on the Chinese economy. U.S. President agreeing
to remove new trade tariffs on European Union after his meeting with the
European Commission president could not elevate investors’ mood. Today
(as of Jul 27), Asian markets opened mixed following a mixed session in
the U.S. Wall Street. Nikkei was trading up 0.34% and Hang Seng was
trading down 0.38% (as at 8.a.m. IST).
As per the last close, European markets closed higher following ease in
trade tension between the U.S. and Europe. Announcement by the
European Central Bank to keep interest rates unchanged and maintain
forward guidance on monetary stimulus also added to the gains.
As per the last close, U.S markets closed mixed. News that U.S.
President and European Commission has agreed to work towards
eliminating trade barriers on industrial goods boosted the market.
However, disappointing quarterly results by a social media giant weighed
on the market.
FII Derivative Trade Statistics 26-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 6260.86 6467.51 29419.70
Index Options 73143.32 73350.93 75228.23
Stock Futures 33107.54 33104.20 83616.83
Stock Options 7001.94 6610.56 8246.80
Total 119513.66 119533.20 196511.56
26-Jul Prev_Day
Put Call Ratio (OI) 1.95 1.89 0.06
Indian Debt Market
Put Call Ratio(Vol) 0.98 1.09 -0.11
26-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 6.20% 6.13% 6.16% 6.11%
CBLO 6.23% 6.18% 6.18% 6.25%
Repo 6.25% 6.25% 6.25% 6.25%
Reverse Repo 6.00% 6.00% 6.00% 6.00%
91 Day T-Bill 6.70% 6.55% 6.44% 6.15%
364 Day T-Bill 7.24% 7.20% 7.00% 6.23%
10 Year Gilt 7.76% 7.79% 7.83% 6.45%
G-Sec Vol. (Rs.Cr) 36463 31971 19847 29750
Currency Market Update
FBIL MIBOR 6.39% 6.29% 6.34% 6.26%
3 Month CP Rate 7.80% 7.55% 7.50% 6.51%
5 Year Corp Bond 8.72% 8.74% 8.73% 7.40%
1 Month CD Rate 6.73% 6.46% 7.03% 6.24%
3 Month CD Rate 7.18% 7.07% 6.96% 6.23%
1 Year CD Rate 8.01% 7.97% 8.06% 6.52%
Commodity Market Update
Currency 26-Jul Prev_Day
USD/INR 68.70 68.80 -0.10
GBP/INR 90.66 90.58 0.08
EURO/INR 80.60 80.45 0.15
International News
JPY/INR 0.62 0.62 0.00
Commodity 26-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 71.34 69.37 73.98 48.57
Brent Crude($/bl) 75.15 71.03 73.32 50.07
Gold( $/oz) 1222 1222 1259 1261
Gold(Rs./10 gm) 29869 29742 30394 28327
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
27 July 2018
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields fell on hopes that the Monetary Policy Committee will
maintain status quo in its monetary policy review due on Aug 1, 2018.
Expectations that domestic inflationary pressures may come down in Jul
also boosted market sentiments. Strength in the domestic currency
against the greenback also added to the gains.
Yield on the 10-year benchmark paper (7.17% GS 2028) went down 3
bps to close at 7.76% as against its previous close of 7.79%. During the
session, bond yields traded in the range of 7.75% and 7.81%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,923 crore (gross) on Jul 26, compared with
Rs. 16,156 crore (gross) borrowed on Jul 25.
Banks borrowed Rs. 21 crore under the central bank’s Marginal
Standing Facility on Jul 25 compared with borrowing of Rs. 165 crore on
Jul 24.
A report from the U.S. Commerce Department revealed a higher than
expected fall in new home sales in the U.S. in Jun 2018. New home sales
dropped 5.3% to an annual rate of 631,000 in Jun after growing 3.9% to
a rate of 666,000 in May 2018.
According to the Bank of Japan, producer prices in Japan grew 1.2%
YoY in Jun 2018, which was better that last two months growth rate of
1.0%. Month on month, producer prices inched up 0.2% after falling
0.1% in May 2018. The increase was driven by higher prices for
communications, advertising and real estate.
Markets for You
Nifty July 2018 Futures settled at spot closing of 11,167.30. Nifty
August 2018 Futures settled at 11,201.35, a premium of 34.05 point over
the spot closing. The turnover on NSE’s Futures and Options segment
increased to Rs. 17,81,228.45 on Jul 26 from Rs. 9,05,673.15 on Jul 25.
The Put-Call ratio stood at 0.92 against previous session’s close of 0.91.
The Nifty Put-Call ratio stood at 1.95 compared with the previous
session’s close of 1.89.
Open interest on Nifty Futures stood at 29.48 million as against the
previous session’s close at 28.92 million.
The rupee rose against the greenback supported by gains in the
domestic market and easing trade dispute after the U.S. and the
European Union committed to work on reducing trade tariffs. The rupee
rose 0.17% to close at 68.66 against the previous close of 68.78.
The euro went down against the greenback on hopes that the European
Central Bank will keep its monetary policy review on hold. Euro was last
seen trading at $1.1713, down 0.13% compared with the previous close
of $1.1728.
Gold prices edged lower despite the weakness in the greenback against
the euro after the U.S. and the European Union came to terms on
lowering the trade tariff.
Brent crude prices rose follwoing a drop in the U.S. inventory.
Thank you for
your time.