14 Mar 2018
Markets for You
Global Indices
Global Indices 13-Mar Prev_Day Abs. Change
% Change
#
Dow Jones 25,007 25,179 -172 -0.68
Nasdaq 7,511 7,588 -77 -1.02
FTSE 7,139 7,215 -76 -1.05
Nikkei 21,968 21,824 144 0.66
Hang Seng 31,601 31,594 7 0.02
Indian Indices 13-Mar Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 33,857 33,918 -61 -0.18
Nifty 50 10,427 10,421 5 0.05
Nifty 100 10,772 10,748 24 0.23
Nifty Bank 24,739 24,664 74 0.30
SGX Nifty 10,444 10,444 1 0.00
S&P BSE Power 2,177 2,171 6 0.28
S&P BSE Small Cap 17,602 17,403 199 1.14
S&P BSE HC 13,682 13,542 141 1.04
Date P/E Div. Yield P/E Div. Yield
13-Mar 23.39 1.16 25.45 1.25
Month Ago 24.15 1.15 25.48 1.07
Year Ago 22.06 1.42 23.20 1.24
Nifty 50 Top 3 Gainers
Company 13-Mar Prev_Day
% Change
#
BPCL 467 447 4.45
HPCL 383 367 4.42
Bharti Infratel 349 340 2.80
Nifty 50 Top 3 Losers Domestic News
Company 13-Mar Prev_Day
% Change
#
TCS 2887 3052 -5.42
Kotak Bank 1084 1101 -1.52
HCL Tech 957 968 -1.10
Advance Decline Ratio
BSE NSE
Advances 1705 1215
Declines 993 579
Unchanged 152 75
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 4431
MF Flows** 24750
*13
th
Mar 2018; **12
th
Mar 2018
Economic Indicator
YoY(%) Current Year Ago
WPI
2.84%
(Jan-18)
4.26%
(Jan-17)
IIP
7.50%
(Jan-18)
3.00%
(Jan-17)
GDP
7.20%
(Dec-17)
6.80%
(Dec-16)
14 March 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
1.80%
(Oct-17)
6.50%
(Sep-17)
Quarter Ago
Inflow/Outflow
-273
1413
3.68%
(Oct-17)
• Indian equity markets closed on mixed note. Encouraging industrial
output data for Jan 2018 and retail inflation data for Feb 2018 eased
investors’ concerns over rate hikes by the Reserve Bank of India (RBI) in
the near-term, thereby boosting the indices. However, gains were capped
amid decline in information technology sector on significant decline in a
technology major after a major privately held company sold its stake in
the same. Meanwhile, investors remained cautious ahead of the U.S.
inflation data due later in the day which is expected to offer clues on the
pace of interest rate rises in 2018.
• Key benchmark indices S&P BSE Sensex fell 0.18% to close at 33,856.78
and Nifty 50 grew 0.05% to 10,426.85. S&P BSE Mid-Cap and S&P BSE
Small-Cap grew 1.00% and 1.14%, respectively.
• On the BSE sectoral front, S&P BSE Information Telecom was the major
gainer, up 1.74%, followed by S&P BSE Oil & Gas that grew 1.63%. S&P
BSE Realty and S&P BSE Consumer Durables grew 1.56% and 1.32%,
respectively. S&P BSE Healthcare and S&P BSE Energy witnessed growth
of 1.04% and 0.77%, respectively. Among the losers, S&P BSE Information
Technology was the major loser, down 1.56% followed by S&P BSE Teck,
down 1.06%.
• The Supreme Court has extended the deadline for Aadhaar linking with
mobile or bank accounts until the disposal of Aadhaar case. Earlier, the
deadline to link Aadhaar with various services was set for Mar 31, 2018.
This development comes as a major relief for those who have not yet
linked their Aadhaar. However, the order is not applicable to the deadline
for subsidies and benefits under Section 7, which means that the order
will not apply in cases where subsidies are given by the government.
• According to the Quarterly Employment Survey report by the Labour
Bureau, employment in eight key sectors, including manufacturing, IT and
transport, surged by 1.36 lakh on net basis in Jul-Sep 2017 in FY18
compared to the previous quarter. Manufacturing sector added 89,000
jobs, education sector added 21,000 jobs and transport sector witnessed
addition of 20,000 jobs. However, construction sector was the only
segment that reported job losses of 22,000 in the second quarter of FY18.
• Union Minister announced that foreign direct investment increased
steadily in the country with total capital inflows reaching $208.99 billion
during the period Apr 2014 to Dec 2017 period. The sectors that received
the maximum inflows included services, computer software and
hardware, telecommunications, construction, trading and automobile.
• Tata Sons announced that it has sold 1.48% stake in Tata Consultancy
Services, its flagship IT services firm. The sale comes to raise Rs. 8,127
crore or $1.25 billion to retire debt and invest in group firms across
sectors such as auto and steel.
• State Bank of India has lowered charges for non-maintenance of average
monthly balance in savings accounts by approximately 75%. The revised
charges that will be effective from Apr 01, 2018 is expected to benefit
more than 25 crore customers.
Markets for You
• Asian markets traded in mixed as investors remained cautious ahead of
U.S. consumer inflation data which will provide further cues on interest
rate hikes stance of the U.S. Federal Reserve. Chinese market moved
down after the country revealed a massive cabinet reshuffle plan, and
decided to merge the banking and insurance regulators. However,
improved crude oil prices and weaker yen restricted the downside. Today
(As of Mar 14), Asian markets opened lower following losses in U.S. Wal
Street amid concerns of trade tensions. Nikkei and Hang Seng fell 0.93%
and 1.15%, respectively (as at 8.a.m. IST).
• As per the last close, European markets ended lower following concerns
of trade tensions between the U.S. and China and decline in crude oil
prices. However, positive corporate earnings by few companies restricted
the losses.
• As per the last close, U.S markets ended lower amid concerns that trade
tensions between the U.S. and China could increase and fall in crude oil
prices. However, modest rise in U.S. inflation in Feb 2018 restricted the
losses.
FII Derivative Trade Statistics 13-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 4355.54 1957.92 18870.76
Index Options 58274.01 58314.21 69602.27
Stock Futures 8908.64 7926.44 77229.64
Stock Options 5635.96 5580.55 6870.92
Total 77174.15 73779.12 172573.59
13-Mar Prev_Day
Change
Put Call Ratio (OI) 1.27 1.27 0.00
Indian Debt Market
Put Call Ratio(Vol) 1.02 0.89 0.13
13-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 5.86% 5.87% 6.00% 6.01%
CBLO 5.73% 5.75% 5.93% 6.01%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.05% 6.28% 6.35% 5.90%
364 Day T-Bill 6.54% 6.63% 6.54% 6.17%
10 Year Gilt 7.65% 7.77% 7.50% 6.90%
G-Sec Vol. (Rs.Cr) 26628 18140 33836 17251
Currency Market Update
1 Month CP Rate 7.76% 7.85% 6.89% 6.65%
3 Month CP Rate 7.74% 7.93% 7.78% 6.84%
5 Year Corp Bond 8.03% 8.15% 7.85% 7.67%
1 Month CD Rate 7.08% 7.23% 6.26% 6.18%
3 Month CD Rate 7.03% 7.24% 7.23% 6.26%
1 Year CD Rate 7.41% 7.56% 7.50% 6.63%
Commodity Market Update
Currency 13-Mar Prev_Day
Change
USD/INR 64.96 65.02 -0.06
GBP/INR 90.23 90.12 0.11
EURO/INR 80.09 80.09 0.00
International News
JPY/INR 0.61 0.61 0.00
Commodity 13-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 60.68 62.53 59.39 48.00
Brent Crude($/bl) 64.19 66.46 62.14 50.42
Gold( $/oz) 1326 1334 1323 1204
Gold(Rs./10 gm) 30238 30438 30063 28430
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
14 March 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Mar 2018 Futures were at 10426.40 points, a discount of -0.45
points, below the spot closing of 10,426.85. The turnover on NSE’s
Futures and Options segment went up from Rs. 5,50,661.47 crore on
Mar 12 to Rs. 8,95,731.16 crore on Mar 13.
• The Put-Call ratio stood at 0.87 against previous session’s close of 0.82.
• The Nifty Put-Call ratio remained unchanged at 1.27 against previous
session’s close.
• Open interest on Nifty Futures stood at 25.62 million as against the
previous session’s close of 25.85 million.
• Bond yields rose as market participants preferred to book profits from
the recent bond rally after retail inflation fell to a four-month low in Feb
2018.
• Yield on the 10-year benchmark paper (7.17% GS 2028) rose 2 bps to
close at 7.65% as against previous session’s close of 7.63%. During the
session, bond yields traded in the range of 7.59% and 7.66%.
• RBI conducted the auction of state development loans of 17 state
governments for a notified amount of Rs. 14617.75 crore for which Rs.
12817.75 crore was accepted. The cut off yield ranged from 7.62% to
8.29%. Maharashtra witnessed the minimum yield while Goa, Haryana,
Puducherry and Uttarakhand witnessed the maximum yield.
Maharashtra has retained an additional amount of Rs. 200 crore under
green shoe option.
• The Indian rupee strengthened for the second consecutive session
against the U.S. dollar as investors sentiments improved after India’s
consumer inflation reached four month low in Feb 2018 and industrial
output jumped to a two month high in Jan 2018. The rupee rose 0.22%
to close at 64.89 per dollar from the previous close of 65.04.
• Euro was trading higher against the U.S. dollar after U.S. inflation data
for Feb 2018 came in line with market forecast. Euro was trading at
$1.2366 compared with the previous close of $1.2332.
• Gold prices moved down as investors preferred to be on sidelines
ahead of U.S. inflation data which will provide further cues on the U.S.
Federal Reserve’s future rate hike decision.
• Brent crude prices inched up ahead of weekly oil and gasoline
stockpiles data.
• According to a report from the labour department, U.S. consumer
price index came in-line with market expectations and grew 0.2% in Feb
2018 as against a gain of 0.5% in Jan 2018. Meanwhile, core consumer
prices, which exclude food and energy prices, also grew 0.2% in Feb as
against an increase of 0.3% in Jan.
• The Organisation for Economic Co-operation and Development (OECD)
has stated in its latest Interim Economic Outlook that the global
economy will grow 3.9% percent in 2018 as well as 2019 as against
previous expectation for growth of 3.7% for 2018 and 3.6% for 2019.
According to OECD, the upside is being driven by stronger investment,
rebound in global trade and higher employment.
Markets for You
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