12Mar2018
MarketsforYou
GlobalIndices
GlobalIndices 09‐Mar Prev_Day Abs.Change
%Change
#
DowJones 25,336 24,895 441 1.77
Nasdaq 7,561 7,428 133 1.79
FTSE 7,225 7,203 21 0.30
Nikkei 21,469 21,368 101 0.47
HangSeng 30,996 30,655 342 1.11
IndianIndices 09‐Mar Prev_Day Abs.Change
%Change
#
S&PBSESensex 33,307 33,352 ‐44 ‐0.13
Nifty50 10,227 10,243 ‐16 ‐0.15
Nifty100 10,565 10,578 ‐13 ‐0.13
NiftyBank 24,296 24,478 ‐181 ‐0.74
SGXNifty 10,229 10,244 ‐15 ‐0.15
S&PBSEPower 2 ,137 2,149 ‐13 ‐0.59
S&PBSESmallCap 17,306 17,357 ‐51 ‐0.30
S&PBSEHC 13,450 13,532 ‐82 ‐0.61
Date P/E Div.Yield P/E Div.Yield
9‐Mar 22.91 1.18 24.97 1.28
MonthAgo 23.88 1.16 25.27 1.08
YearAgo 21.95 1.43 23.18 1.24
Nifty50Top3Gainers
Company 09‐Mar Prev_Day
%Change
#
TechMahindra 619 607 1.98
BajajFinanceLimited 1654 1628 1.61
HDFCLtd. 1819 1799 1.10
Nifty50Top3Losers DomesticNews
Company 09‐Mar Prev_Day
%Change
#
TataSteel 607 636 ‐4.58
AxisBank 505 521 ‐2.92
AdaniPorts&SEZ 378 388 ‐2.59
AdvanceDeclineRatio
BSE NSE
Advances 1082 689
Declines 1638 1101
Unchanged 151 52
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 2410
MFFlows** 24514
*9
th
Mar2018;**7
th
Mar2018
EconomicIndicator
YoY(%) Current YearAgo
WPI
2.84%
(Jan‐18)
4.26%
(Jan‐17)
IIP
7.10%
(Dec‐17)
1.90%
(Dec‐16)
GDP
7.20%
(Dec‐17)
6.80%
(Dec‐16)
12March2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
4.10%
(Sep‐17)
6.50%
(Sep‐17)
QuarterAgo
Inflow/Outflow
94
1160
3.68%
(Oct‐17)
• Indian equity markets closed on a lower note amid decline in banking
stocks after one of the government‐owned banks of India disclosed that it
has direct credit exposure in the jewellery retailer that has been exposed
under the recent major banking scam.
• However, gains were capped after taking positive cues from regional
peers as geopolitical tensions eased after North Korea hinted to stop
nuclear and missile tests. Also, the positive impact of conditional
exemptions for tariff on Canada and Mexico supported buying interest.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.13% and
0.15% to close at 33,307.14 and 10,226.85, respectively. S&P BSE Mid‐
Cap and S&P BSE Small‐Cap grew 0.35% and 0.30%, respectively.
• On the BSE sectoral front, S&P BSE Metal was the top loser, down
1.94%, followed by S&P BSE Basic Materials and S&P BSE Bankex which
fell 1.09% and 0 .77%, respectively. S&P BSE Healthcare and S&P BSE
Power fell 0.61% and 0.59%, respectively.
• The Union Cabinet has increased the dearness allowance (DA) to 7%
from 5% with effect from Jan 1, 2018 for its 11 million employees and
pensioners. The hike is expected to benefit approximately 48.41 lakh
central government employees and 61.17 lakh pensioners.
• The Minister of state for finance announced that as of Mar 2, 2018
1,03,99,305 taxpayers are registered under Goods and Services Tax (GST).
It included 64.42 lakh taxpayers who have migrated from the erstwhile
tax regimes and 39.56 lakh who have taken new registration under GST.
Also, it informed that the implementation of the indirect tax reform has
been smooth so far.
• According to Engineering Export Promotion Council (EEPC), U.S.’ move
to impose tariffs on certain steel and aluminium imports is likely to
impact India's shipments of engineering items to the country. According
to EEPC, protectionist measures taken by countries like the U.S. would
provoke other regions such as Europe and China to take retaliatory steps,
thereby further denting the exports from India.
• The government announced that number of wilful defaulters who did
not repay loans to public s ector banks (PSBs) g rew 1.66% t o 9,063 in t he
period Apr‐Dec 2017 of the current fiscal. The amount involved is
reported as Rs. 1.1 trillion.
• According to media reports, Bharti Airtel plans to raise up to Rs. 3,000
crore through non‐convertible debentures.
• The Competition Commission of India has approved the acquisition of
Reliance Communications’ infrastructure assets by Reliance Jio.
• According to media reports, the U.S. Food and Drug Administration has
issued Form 483 with five observations to an active pharmaceutical
ingredients plant of Dr Reddy's Laboratories Limited.
• According to media reports, State‐owned power equipment major
Bharat Heavy Electricals Limited (BHEL) has won Rs. 117‐billion order f or
setting up a 3x800 Mw thermal power plant in Jharkhand.
• Asian markets largely closed on a positive note amid easing geo political
concern after North Korean leader offered to halt nuclear and m issile
tests and agreed to meet th e U.S. President through South Korean
national security advisor. Market participants heaved a sigh of relief afte r
U.S. trade tariffs turned out to be less severe than originally feared.
Today (As of March 12), Asian markets opened higher tracking rise on the
Wall Street overnight. Nikkei and Hang Seng rose 2.12% and 1.28%,
respectively (as at 8 a.m. IST).
•Asperthelastclose,Europeanmarketsmostlyendedhigheronbetter
than expected U.S. non‐farm payroll data for Feb 2018. However, gains
were limited as weak economic data from Germany, France and the U.K.
weighedoninvestorsentiment.
• As per the last close, U.S markets rose on better than expected U.S.
non‐farm payroll data for Feb 2018. However, the unemployment rate
came lower than expected at 4.1% in Feb 2018. Also the annual rate of
growth in average hourly employee earnings fell to 2.6% in Feb from 2.8%
in Jan.
MarketsforYou
FIIDerivativeTradeStatistics 09‐Mar
(RsCr) Buy Sell OpenInt.
IndexFutures 2791.02 2466.31 17728.68
IndexOptions 142446.71 141906.54 63450.22
StockFutures 9477.75 9103.97 75306.11
StockOptions 6632.71 6920.53 6130.98
Total 161348.19 160397.35 162615.99
09‐Mar Prev_Day Change
PutCallRatio(OI) 1.14 1.15 0.00
IndianDebtMarket
PutCallRatio(Vol) 0.84 0.84 0. 00
09‐Mar Wk.Ago Mth.Ago YearAgo
CallRate 5.89% 5.91% 5.89% 5.99%
CBLO 5.85% 4.84% 5.90% 5.93%
Repo 6.00% 6.00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 5.75%
91DayT‐Bill 6.22% 6.23% 6.33% 5.85%
364DayT‐Bill 6. 62% 6.64% 6.54% 6.16%
10YearGilt 7.67% 7.74% 7.49% 6.85%
G‐SecVol.(Rs.Cr) 29326 16436 46487 16222
CurrencyMarketUpdate
1MonthCPRate 7.80% 7.15% 6.85% 6.66%
3MonthCPRate 7.83% 7.88% 7.79% 6.86%
5YearCorpBond 8.11% 8.09% 7.84% 7.63%
1MonthCDRate 7.09% 7.24% 6.25% 6.15%
3MonthCDRate 7.13% 7.28% 7.24% 6.25%
1YearCDRate 7.44% 7.62% 7.50% 6.63%
CommodityMarketUpdate
Currency 09‐Mar Prev_Day Change
USD/INR 65.08 64.92 0.16
GBP/INR 89.85 90.23 ‐0.37
EURO/INR 80.16 80.54 ‐0.38
InternationalNews
JPY/INR 0.61 0.61 0.00
Commodity 09‐Mar WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 62.01 60.97 59.18 48.70
BrentCrude($/bl) 65.28 64.87 62. 98 50.44
Gold($/oz) 1324 1316 1317 1201
Gold(Rs./10gm) 30369 30269 30007 28662
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
12March2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty Mar 2018 Futures were at 10216.45 points, a discount of ‐10.40
points, over the spot closing of 10,226.85. The turnover on NSE’s Futures
and Options segment went down from Rs. 16,78,923.04 crore on Mar 8
to Rs. 4,81,492.44 crore on Mar 9.
•ThePut‐Call ratio stood at 0.78 against previous session’s close of 0.80.
• The Nifty Put‐Call ratio s t ood at 1.14 against previous session’s • Open
interest on Nifty Futures stood at 25.94 million as against the previous
session’s close of 25.97 million.
• Bond yields rose as investors were cautious ahead of India’s inflation
data due next week and U.S. jobs report due on Mar 9.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) rose 1 bps to
close at 7.67% as against previous session’s close of 7.66%. During the
session, bond yields traded in the range of 7.63% and 7.73%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,565 crore (gross) on Mar 9 compared with Rs.
3,550 crore on Mar 8. Sale of securities under Reserve Bank of India’s
(RBI) reverse repo window stood at Rs. 9,207 crore on Mar 8.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on Mar 8 as compared to borrowing of Rs. 467 crore on Mar 7.
• The Indian rupee inched down against the greenback as market
participants remained on the sidelines ahead of the U.S. non‐farm
payroll data for Feb 2018. The rupee fell 0.04% to close at 65.17 per
dollar from the previous close of 65.14.
• The euro inched down against the greenback after U.S. non‐farm
payroll employment in F e b 2018 came better than market expectations.
Euro was trading at $1.2301, down 0.07% compared with the previous
close of $1.2310.
• Gold prices moved down after non‐farm payroll employment data
came in more than expected in Feb 2018.
• Brent c rude prices gained amid optimism over a meeting between
North Korean leaders and U.S. However, concerns over rising U.S. crude
output limited the gains.
• A report from the labour department showed that U.S. non‐farm
payroll employment surged by 313,000 jobs in Feb 2018 as against an
upwardly revised increase of 239,000 jobs (200,000 j obs originally
reported) in Jan 2018. J ob growth came i n higher than market
expectations driven by notable increases in employment in the
construction and retail sectors that added 61,000 jobs and 50,300 jobs,
respectively. Despite the substantial job growth, the unemployment rate
held at 4.1% in Feb.
• According to the U.S. l abour department, initial jobless claims c ame in
at 231,000 for the week ended M ar 3, up 21,000 from the previous
week's level of 210,000. Continuing claims fell by 64,000 to 1. 870 million
for the week ended Feb 24.
MarketsforYou
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