31 Jul 2018
Markets for You
Global Indices
Global Indices 30-Jul Prev_Day Abs. Change
% Change
#
Dow Jones 25,307 25,451 -144 -0.57
Nasdaq 7,630 7,737 -107 -1.39
FTSE 7,701 7,701 0 -0.01
Nikkei 22,545 22,713 -168 -0.74
Hang Seng 28,733 28,804 -71 -0.25
Indian Indices 30-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,494 37,337 158 0.42
Nifty 50 11,320 11,278 41 0.37
Nifty 100 11,595 11,542 52 0.45
Nifty Bank 27,843 27,634 208 0.75
SGX Nifty 11,344 11,167 177 1.59
S&P BSE Power 1,974 1,951 23 1.18
S&P BSE Small Cap 16,540 16,450 90 0.55
S&P BSE HC 14,123 14,028 95 0.68
Date P/E Div. Yield P/E Div. Yield
30-Jul 23.53 1.17 28.12 1.19
Month Ago 22.54 1.26 25.90 1.22
Year Ago 23.68 1.21 25.56 0.96
Nifty 50 Top 3 Gainers
Company 30-Jul Prev_Day
% Change
#
Bharti Airtel 383 365 5.09
ICICI Bank 307 293 4.83
SBI 297 287 3.71
Nifty 50 Top 3 Losers Domestic News
Company 30-Jul Prev_Day
% Change
#
HCL Tech 947 963 -1.69
Infosys 1351 1373 -1.63
HDFC Bank 2170 2202 -1.46
Advance Decline Ratio
BSE NSE
Advances 1606 1170
Declines 1057 640
Unchanged 183 78
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -3636
MF Flows** 74115
*30
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)
31 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
560
4.28%
(Mar-18)
• Indian stock markets started the week by maintaining their record
streak. Sensex and Nifty ended the day at record highs as blue-chip
companies continued to attract investors.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.42% and
0.37% to close at 37,494.40 and 11,319.55, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap grew 0.30% and 0.55%, respectively.
• The overall market breadth on BSE was strong with 1615 scrips
advancing and 1038 scrips declining. A total of 193 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Telecom stood as the major gainer,
up 2.85% followed by S&P BSE Energy that grew 1.32%. S&P BSE Bankex
and S&P BSE Power grew 1.3% and 1.18%. S&P BSE Utilities and S&P BSE
Basic Materials grew 0.95% and 0.76%. S&P BSE Industrials and S&P BSE
Capital Goods were the top two losers, down 0.04% and 0.22%,
respectively.
• With the government coming down hard on shell entities, official data
shows about 66% of 17.79 lakh companies registered in India are active,
i.e. doing business and making statutory filings, rest all are shell
companies. Corporate affairs ministry data revealed that around 11.89
lakh companies are active till Jun 30. Government had struck off names
of around 2.26 lakh companies from records in 2017-18 as they did not
conduct business activities. More such companies are being investigated
and may face regulatory action. Out of the 17.79 lakh companies
registered, 5.43 lakh were closed by the end of June and 1,390 were
named dormant.
• According to a private report, India's business optimism index
increased 11.7% compared with the previous year in the Jul-
Sep quarter of 2018-19. On a quarterly basis, the index declined. The
index came in at 80.6 during the third quarter, a rise of 11.7% over the
year-ago period. In the third quarter of 2017-18 business confidence was
low because of the implementation hurdles around the goods and
services tax and the after effects of demonetisation. The report said
domestic and global challenges are behind the poor quarterly
performance.
• Commerce and Industry minister is keen on getting the priority sector
lending status for exports and has taken up the matter with the Reserve
Bank of India. The minister said though the sector is strategic and
promotes the country’s interests it’s an irony that it does not come
under priority lending.
• Tech Mahindra’s consolidated net profit increased 12.4% to Rs. 897.9
crore for the first quarter ended Jun 2018. The figure was Rs. 798.6 crore
in the year-ago period. Consolidated revenue came in at Rs. 8,276.3
crore compared with Rs. 7,336.1 crore in same period of previous year,
an increase of up 12.8%.
• Idea Cellular Ltd posted profit of Rs. 257 crore for the first quarter on
the back of a one-time gain from telecom towers’ sale. In the year-ago
period, the company had registered loss of Rs. 815 crore. Revenue from
operations declined 28% to Rs. 5,889 crore.
• Most of the Asian markets closed lower because of technology stocks
falling in overnight U.S. market. Investors became cautious ahead of the
scheduled meetings of central banks in the week. Today (as of July 31),
Asian markets opened almost lower following weak cues from the
Wallstreet’s last session. Also, investors remained cautious ahead of the
Bank of Japan's decision at the end of policy meeting scheduled later in
the day. Nikkei and Hangseng fell 0.19% and 0.46%, respectively (as at
8.a.m. IST).
• As per the last close, European markets closed lower due to decline in
technology stocks on weak earnings results and decline in basic
resources stocks on lingering trade concerns. Meanwhile, investors
remained cautious ahead of the several central bank announcements in
the week.
• As per the last close, U.S markets closed almost lower following decline
in technology stocks. Meanwhile, overall trading activity remained
slightly subdued as investors remained cautious ahead of the U.S.
Federal Reserve's monetary policy announcement on Aug 1, 2018.
Markets for You
FII Derivative Trade Statistics 30-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 2629.18 1917.62 19823.73
Index Options 33489.38 33686.60 46827.41
Stock Futures 12830.53 12173.26 76744.28
Stock Options 6203.95 6079.48 3675.08
Total 55153.04 53856.96 147070.50
30-Jul Prev_Day
Change
Put Call Ratio (OI) 1.72 1.71 0.01
Indian Debt Market
Put Call Ratio(Vol) 1.04 1.08 -0.05
30-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 6.19% 6.23% 6.21% 6.08%
CBLO 6.24% 6.33% 6.20% 6.15%
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% 6.60% 6.48% 6.12%
364 Day T-Bill 6.95% 7.21% 7.11% 6.22%
10 Year Gilt 7.79% 7.81% 7.90% 6.46%
G-Sec Vol. (Rs.Cr) 22108 23443 27152 40832
Currency Market Update
FBIL MIBOR 6.26% 6.31% 6.25% 6.25%
3 Month CP Rate 7.50% 7.75% 7.55% 6.53%
5 Year Corp Bond 8.66% 8.75% 8.79% 7.43%
1 Month CD Rate 6.81% 6.63% 6.81% 6.23%
3 Month CD Rate 7.25% 6.99% 7.00% 6.24%
1 Year CD Rate 7.99% 7.95% 8.08% 6.53%
Commodity Market Update
Currency 30-Jul Prev_Day
Change
USD/INR 68.75 68.70 0.05
GBP/INR 90.15 89.99 0.16
EURO/INR 80.16 79.98 0.18
International News
JPY/INR 0.62 0.62 0.00
Commodity 30-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 70.81 67.85 74.08 49.67
Brent Crude($/bl) 75.63 73.73 76.78 52.04
Gold( $/oz) 1221 1224 1252 1269
Gold(Rs./10 gm) 29773 29948 30341 28443
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
31 July 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty August 2018 Futures closed at 11,338.50, a premium of 18.95
points, above the spot closing of 11,319.55. The turnover on NSE’s
Futures and Options segment increased to Rs. 5,15,736.20 on Jul 30
from Rs. 4,15,201.42 on Jul 27.
• The Put-Call ratio stood at 0.96 against previous session’s close of
0.93.
• The Nifty Put-Call ratio stood at 14.66 compared with the previous
session’s close of 1.71.
• Open interest on Nifty Futures stood at 24.80 million as against the
previous session’s close at 23.79 million.
• Bond yields rose for the second consecutive day as market participants
stayed on the sidelines ahead of the outcome of the monetary policy
due on Aug 1, 2018. Market participants remained concerned that the
Monetary Policy Committee may go for an interest rate hike during the
policy review.
• Yield on the 10-year benchmark paper (7.17% GS 2028) went 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 7.77% and 7.80%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 15,666 crore (gross) on Jul 30, compared with
Rs. 11,518 crore (gross) borrowed on Jul 27. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 19,029
crore on Jul 27.
• The rupee almost closed steady against the greenback. The gains in
the domestic equity market and probable dollar sales by corporates
helped the local currency to recover the early loss from the month end
greenback’s demand from oil and other importers.
• The euro appreciated against the greenback, as market participants
resorted to bargain hunting and awaited outcome of key central bank
monetary policy meetings this week.
• Gold prices inched up as traders awaited the outcome of central bank
meetings in the U.S., Japan and the U.K due this week.
• Brent crude prices inched up after Iran’s withdrawal from the oil
market added pressure and kept the price at elevated levels.
• A University of Michigan report showed U.S. Jul 2018 consumer
sentiment declined lower than initially estimated. The consumer
sentiment index came in at 97.9 from the preliminary reading of 97.1,
compared with 98.2 in Jun 2018.
• Bank of England data showed U.K. mortgage approvals went up to a
five-month high in Jun 2018. The number of mortgage approvals
increased to 65,619 in Jun from 64,684 in May 2018, the highest level
since Jan 2018. The bank’s data showed secured lending increased GBP
3.9 billion after rising GBP 3.8 billion in May. Consumer credit increased
GBP 1.6 billion, unchanged from May.
Markets for You
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