19 Jun 2018
Markets for You
Global Indices
Global Indices 18-Jun Prev_Day Abs. Change
% Change
#
Dow Jones 24,987 25,090 -103 -0.41
Nasdaq 7,747 7,746 1 0.01
FTSE 7,631 7,634 -3 -0.03
Nikkei 22,680 22,852 -171 -0.75
Hang Seng Closed 30,309 NA NA
Indian Indices 18-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,548 35,622 -74 -0.21
Nifty 50 10,800 10,818 -18 -0.17
Nifty 100 11,113 11,136 -23 -0.21
Nifty Bank 26,409 26,417 -8 -0.03
SGX Nifty 10,762 10,803 -41 -0.38
S&P BSE Power 2,014 2,017 -2 -0.11
S&P BSE Small Cap 16,831 16,961 -130 -0.77
S&P BSE HC 14,312 14,301 10 0.07
Date P/E Div. Yield P/E Div. Yield
18-Jun 22.90 1.24 26.60 1.22
Month Ago 23.49 1.18 26.27 1.21
Year Ago 22.37 1.32 24.00 1.11
Nifty 50 Top 3 Gainers
Company 18-Jun Prev_Day
% Change
#
HPCL 322 306 5.14
ICICI Bank 293 283 3.72
Indian Oil 174 168 3.67
Nifty 50 Top 3 Losers Domestic News
Company 18-Jun Prev_Day
% Change
#
Hindalco 231 237 -2.70
Vedanta 232 239 -2.68
Bharti Airtel 371 378 -1.94
Advance Decline Ratio
BSE NSE
Advances 901 560
Declines 1737 1238
Unchanged 158 78
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -3689
MF Flows** 61325
*18
th
Jun 2018; **12
th
Jun 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
4.87%
(May-18)
2.18%
(May-17)
IIP
4.90%
(Apr-18)
3.20%
(Apr-17)
GDP
7.70%
(Mar-18)
6.10%
(Mar-17)
19 June 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
7.40%
(Jan-18)
7.00%
(Dec-17)
Quarter Ago
Inflow/Outflow
98
-1644
4.44%
(Feb-18)
• Indian equity markets closed lower following weak cues from the
global market after the U.S. President announced to levy tariffs on
additional Chinese imports. Foreign investors remained jittery and pulled
out funds from the equity market due to global trade war worries along
with hawkish commentary from the U.S. Federal Reserve.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.21% and
0.17% to close at 35,548.26 and 10,799.85, respectively. S&P BSE Mid-
Cap and S&P BSE SmallCap fell 0.18% and 0.77%, respectively.
• On the BSE sectoral front, S&P BSE Oil & Gas was the major gainer, up
1.25% followed by S&P BSE Energy and S&P BSE Auto that grew 0.47%
and 0.33%, respectively. S&P BSE Bankex and S&P BSE Healthcare grew
0.12% and 0.07%, respectively. S&P BSE Metal was the major loser, down
1.72% followed by S&P BSE Basic Materials that fell 1.16%. S&P BSE
Telecom and S&P BSE Information technology fell 1.03% and 0.80%,
respectively.
• According to the chief of NITI Aayog, the development agenda for 'New
India 2022' would be finalised in a month and would be rolled out after
taking consent from states. The documents would soon be sent to the
states for comments and suggestions.
• The interim finance minister stated that the government is committed
to meet the fiscal deficit target of 3.3% for FY19. Also, the minister stated
that the government has sufficient alternative resources for planned
expenditure and hence there will not be any cut in spending to meet the
target. Additionally, the finance minister thinks that the government will
meet all economic parameters.
• The government has asked exporters, mainly from the food and
agriculture sectors, to strictly obey the global norms for quality and
standards. The government has stated that if they do not comply with
the norms, they might lose their export market share to other countries.
• According to a major credit rating agency, retail non-banking finance
companies (NBFCs) will face challenges in FY19 due to higher borrowing
costs and lowering options to raise funds. The agency stated that NBFCs
are looking to raise Rs. 3.8 to Rs. 4 lakh crore of debt for financing of 20%
growth in loan portfolio. It expects the weighted average cost of funds
for NBFCs to surge to approximately 9.3%-9.5% in FY19 as against 8.4%-
8.5% in FY18.
• According to media reports, Mercedes-Benz will have all its diesel
models in India moving forward that will comply with Bharat Stage (BS)
VI emission norms.
• According to media reports, Solar glass manufacturer Gujarat Borosil is
planning to invest around Rs. 435 crore to more than double its
manufacturing capacity of tempered solar glass facility by fiscal 2020.
• According to media reports, Securities and Exchange Board of India
(SEBI) has rejected a proposal from Air India under which it has sought
change in listing norms.
• According to media reports, the board of ICICI bank is discussing a
reshuffle of its top management.
• Asian markets mostly traded weak on rising trade tensions between
U.S. and China and on lower cues from U.S. market over the weekend.
Japanese market fell as news of a strong earthquake in Osaka and
surrounding areas of western Japan overshadowed stronger than
expected export data for May. Today (as of June 19), Asian markets
opened on a lower note after U.S. President threatened more tariffs on
Chinese products. Nikkei and Hanseng fell 0.48% and 1.86%, respectively
(as at 8.a.m. IST).
• As per the last close, European markets closed lower after U.S.
President announced new tariffs against China. Also, German political
uncertainty added to the losses.
• As per the last close, U.S markets closed on a mixed note. Lingering
concerns over global trade war after the U.S. and China announced plans
to impose tariffs on imported goods worth billions of dollars weighed on
market sentiment. However, gains in technology stocks capped the
losses.
Markets for You
FII Derivative Trade Statistics 18-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 3890.45 3286.54 22091.74
Index Options 66213.36 62953.25 72101.48
Stock Futures 11724.60 11339.48 84852.86
Stock Options 7690.67 7599.74 9725.62
Total 89519.08 85179.01 188771.70
18-Jun Prev_Day
Change
Put Call Ratio (OI) 1.52 1.57 -0.05
Indian Debt Market
Put Call Ratio(Vol) 1.10 1.02 0.08
18-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 6.17% 6.04% 5.97% 6.09%
CBLO 6.18% 6.06% 5.98% 6.21%
Repo 6.25% 6.25% 6.00% 6.25%
Reverse Repo 6.00% 6.00% 5.75% 6.00%
91 Day T-Bill 6.41% 6.55% 6.30% 6.25%
364 Day T-Bill 7.06% 6.98% 6.80% 6.33%
10 Year Gilt 7.88% 7.96% 7.83% 6.49%
G-Sec Vol. (Rs.Cr) 30799 23449 37693 41372
Currency Market Update
FBIL MIBOR 6.25% 6.15% 6.04% 6.25%
3 Month CP Rate 7.60% 7.75% 8.30% 6.69%
5 Year Corp Bond 8.79% 8.75% 8.55% 7.53%
1 Month CD Rate 6.78% 7.17% 6.90% 6.29%
3 Month CD Rate 7.06% 7.76% 7.70% 6.36%
1 Year CD Rate 8.07% 8.39% 8.14% 6.68%
Commodity Market Update
Currency 18-Jun Prev_Day
Change
USD/INR 68.02 67.97 0.05
GBP/INR 90.25 90.00 0.25
EURO/INR 78.85 78.61 0.25
International News
JPY/INR 0.62 0.61 0.00
Commodity 18-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 65.91 66.10 71.18 44.68
Brent Crude($/bl) 74.34 73.67 79.37 44.89
Gold( $/oz) 1278 1300 1292 1253
Gold(Rs./10 gm) 30693 30781 30921 28657
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
19 June 2018
The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have been obtained from independent
third party sources and which are deemed to be reliable. The information provided cannot be considered as guidelines, recommendations or as a professional guide for the readers. It may be noted
that since Reliance Nippon Life Asset Management Company Limited (RNLAM) (formerly Reliance Capital Asset Management Limited) has not independently verified the accuracy or authenticity of
such information or data, or for that matter the reasonableness of the assumptions upon which such data and information has been processed or arrive data; RNLAM does not in any manner assures
the accuracy or authenticity of such data and information. Some of the statements & assertions contained in these materials may reflect RNLAM’s views or opinions, which in turn may have been
formed on the basis of such data or information. The Sponsor(s), the Investment Manager, the Trustee or any of their respective directors, employees, affiliates or representatives do not assume any
responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon the information provided herein, due
care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable, to the extent possible. This information is not intended to be an offer or solicitation for the
purchase or sale of any financial product or instrument. Recipients of this information should rely on information/data arising out of their own investigations. Before making any investments, the
readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor(s), the Investment Manager, the Trustee,
their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on
account of lost profits arising from the information contained in this material.
Readers are requested to click here for ICRON disclaimer - http://www.icraonline.com/legal/standard-disclaimer.html
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty June 2018 Futures were at 10789.6 points, a discount of 10.25
points, below the spot closing of 10,799.85. The turnover on NSE’s
Futures and Options segment went down to Rs. 4,67,439.80 crore on Jun
18 from Rs. 5,98,789.74 crore on Jun 15.
• The Put-Call ratio stood at 0.89 against previous session’s close of 0.91.
• The Nifty Put-Call ratio stood at 1.52 against the previous session’s
close of 1.557.
• India VIX moved up 2.40% to 12.3600 from 12.0700 in the previous
trading session.
• Open interest on Nifty Futures stood at 25.98 million as against the
previous session’s close at 24.70 million.
• Bond yields fell as global crude oil prices came down to some extent
that eased concerns about domestic inflationary pressures gaining
further pace. However, further gains were capped on growing likelihood
of more supply in the 10-year to 14-year maturity buckets in the second
half of this fiscal.
• Yield on the 10-year benchmark paper (7.17% GS 2028) inched down 1
bps to close at 7.88% from the previous close of 7.89%. During the
session, bond yields traded in the range of 7.81% and 7.89%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 6,196 crore (gross) on Jun 18, compared with
Rs. 3,841 crore (gross) on Jun 15. Sale of securities under Reserve Bank
of India’s (RBI) reverse repo window stood at Rs. 8,102 crore on Jun 15.
• The rupee inched up against the greenback as a fall in global crude oil
prices led to selling of the greenback by foreign banks that neutralised
earlier losses because of escalating geopolitical tensions between the
U.S. and China.
• The euro inched down against the greenback amid reports of a dispute
in Germany’s governing coalition and after the European Central Bank
said that it would keep interest rates at record low level in 2019.
• Gold prices inched up on escalating trade tensions between U.S. and
China after the U.S. President announced to impose 25% tariffs on about
$50 billion worth of Chinese goods.
• Brent crude prices gained on supply shortages from Libya.
• According to a report from the IHS Markit and Ipsos Mori, U.K.’s
Household Finance Index (seasonally adjusted) fell to 43.4 in Jun 2018 as
against 44.9 in May 2018. The decline reflects British households'
financial pressures mainly due to greater living costs.
• A report from the rightmove showed that the average asking price for
a house in U.K. was up 0.4% MoM in Jun 2018 as against an increase of
0.8% in May 2018. House prices grew 1.7% on a yearly basis in Jun as
against an increase of 1.1% in May.
• According to a report from Istat, Italy’s trade surplus declined to EUR
2.94 billion in Apr 2018 as against EUR 3.60 billion in Apr 2017 and EUR
4.53 billion in Mar 2018. Exports grew 6.6% YoY and imports grew 9.6%
in Apr.
Markets for You
Thank you for
your time.