15 Mar 2018
Markets for You
Global Indices
Global Indices 14-Mar Prev_Day Abs. Change
% Change
#
Dow Jones 24,758 25,007 -249 -1.00
Nasdaq 7,497 7,511 -14 -0.19
FTSE 7,133 7,139 -6 -0.09
Nikkei 21,777 21,968 -191 -0.87
Hang Seng 31,435 31,601 -166 -0.53
Indian Indices 14-Mar Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 33,836 33,857 -21 -0.06
Nifty 50 10,411 10,427 -16 -0.15
Nifty 100 10,760 10,772 -12 -0.11
Nifty Bank 24,852 24,739 113 0.46
SGX Nifty 10,439 10,444 -5 -0.05
S&P BSE Power 2,173 2,177 -4 -0.17
S&P BSE Small Cap 17,613 17,602 11 0.06
S&P BSE HC 13,700 13,682 17 0.13
Date P/E Div. Yield P/E Div. Yield
14-Mar 23.40 1.16 25.41 1.25
Month Ago 24.27 1.15 25.37 1.08
Year Ago 22.54 1.39 23.59 1.22
Nifty 50 Top 3 Gainers
Company 14-Mar Prev_Day
% Change
#
Tech Mahindra 639 619 3.22
Ambuja Cem 244 239 2.14
Yes Bank 319 313 1.93
Nifty 50 Top 3 Losers Domestic News
Company 14-Mar Prev_Day
% Change
#
Indian Oil 395 408 -3.14
Bharti Infratel 339 349 -2.82
HPCL 375 383 -1.97
Advance Decline Ratio
BSE NSE
Advances 1267 868
Declines 1416 896
Unchanged 158 76
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 9366
MF Flows** 24750
*14
th
Mar 2018; **12
th
Mar 2018
Economic Indicator
YoY(%) Current Year Ago
WPI
2.48%
(Feb-18)
5.51%
(Feb-17)
IIP
7.50%
(Jan-18)
3.00%
(Jan-17)
GDP
7.20%
(Dec-17)
6.80%
(Dec-16)
15 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
4935
4.02%
(Nov-17)
• Indian equity markets ended on a lower note amid weak cues from
global markets after U.S. President fired his secretary of state over some
political issues. Also, trade war fears weighed on the market sentiment.
• However, losses were capped after wholesale price inflation eased in
Feb 2018 for the third consecutive month. Meanwhile, the Reserve Bank
of India barred banks from issuing guarantees in the form of letters of
undertaking (LoU).
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.06% and
0.15%, respectively to close at 33,835.74 and 10,410.90. S&P BSE Mid-Cap
and S&P BSE Small-Cap grew 0.28% and 0.06%, respectively.
• On the BSE sectoral front, S&P BSE Information Bankex was the major
gainer, up 0.56%, followed by S&P BSE Consumer Durables that grew
0.32%. S&P BSE Finance and S&P BSE Information Technology witnessed
growth of 0.25% each. S&P BSE Basic Materials and S&P BSE Healthcare
grew 0.21% and 0.13%, respectively. Among the losers, S&P BSE Oil & Gas
was the major loser, down 0.94% followed by S&P BSE Telecom, down
0.92%. S&P BSE Energy and S&P BSE Realty fell 0.63% and 0.52%,
respectively.
• Government data showed that India’s Wholesale Price Index-based
inflation (WPI) slowed to a seven-month low of 2.48% in Feb 2018 from
2.84% in the previous month and 5.51% in the same month of the
previous year. Wholesale inflation grew at a slower pace due to softer rise
in food and fuel prices. The WPI Food Index also decreased from 1.65% in
Jan 2018 to 0.07% in Feb 2018.
• The Reserve Bank of India (RBI) has decided to scrap quasi bank
guarantee instruments like the Letter of Undertaking (LoU) and Letter of
Comfort, etc. This is expected to improve banks’ due diligence in trade
credit. However, it can continue to issue guarantees and letter of credit
for trade purposes which are the international norm, and also have
features that makes the claim on the issuer strong.
• According to the World Bank, Indian economy is projected to grow 7.3%
and 7.5% in FY19 and FY20, respectively. In the current financial year,
India is expected to grow 6.7% according to the World Bank's biannual
publication, India Development Update: India's Growth Story. The report
also stated if India needs to grow over 8%, it will require continued reform
and a widening of their scope aimed at resolving issues related to credit
and investment, and enhancing competitiveness of exports.
• Google is updating its financial services-related advertisement policies
by banning any advertising about cryptocurrency-related content,
including initial coin offerings (ICOs), wallets, and trading advice.
• As per media reports, Torrent Pharmaceuticals may raise Rs. 15 billion
through the qualified institutional placement (QIP) route as it readies to
bid for Sanofi assets.
• Bharti Airtel announced that its Board of Directors has approved
allotment of 30,000 debentures to raise around Rs. 3,000 crore on private
placement basis. The raised fund will be used for general corporate
purpose including routine treasury activities and refinancing of existing
debt and spectrum liabilities.
Markets for You
• Asian markets fell after the U.S. President decided to replace U.S.
Secretary of State over some political issues. Concerns over heavy tariffs
plans by the U.S. on Chinese imports also weighed on sentiment.
However, the downside was limited on upbeat China's industrial
production in the first two months of 2018. Today (As of Mar 15), Asian
markets opened lower following losses in the Wall Street amid concerns
of trade tensions. Nikkei and Hang Seng fell 0.80% and 0.66%, respectively
(as at 8.a.m. IST).
• As per the last close, European markets ended lower following losses in
the Wall Street amid trade war tension and weaker than expected U.S.
retail sales report in Feb 2018. However, upbeat China’s industrial
production in Jan 2018 and comments from ECB President to end the
asset purchase programme only when inflation makes sufficient progress
restricted the losses.
• As per the last close, U.S markets ended lower as concerns that trade
tensions between the U.S. and China could increase and fall in crude oil
prices continued to weigh on investor’s sentiments.
FII Derivative Trade Statistics 14-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 3000.31 3242.74 19283.25
Index Options 117999.24 118295.00 71464.74
Stock Futures 10388.65 10223.45 78125.00
Stock Options 7827.29 7975.75 7327.76
Total 139215.49 139736.94 176200.75
14-Mar Prev_Day
Change
Put Call Ratio (OI) 1.27 1.27 0.00
Indian Debt Market
Put Call Ratio(Vol) 1.02 1.02 0.00
14-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 5.83% 5.89% 5.98% 5.91%
CBLO 5.73% 5.85% 6.04% 5.98%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.15% 6.25% 6.36% 5.88%
364 Day T-Bill 6.52% 6.65% 6.58% 6.15%
10 Year Gilt 7.68% 7.68% 7.49% 6.90%
G-Sec Vol. (Rs.Cr) 20102 29746 38319 18949
Currency Market Update
1 Month CP Rate 7.81% 7.85% 6.88% 6.72%
3 Month CP Rate 7.74% 7.92% 7.90% 6.79%
5 Year Corp Bond 8.03% 8.11% 7.83% 7.68%
1 Month CD Rate 7.10% 7.11% 6.22% 6.23%
3 Month CD Rate 7.04% 7.19% 7.22% 6.28%
1 Year CD Rate 7.41% 7.47% 7.48% 6.64%
Commodity Market Update
Currency 14-Mar Prev_Day
Change
USD/INR 64.99 64.96 0.03
GBP/INR 90.83 90.23 0.60
EURO/INR 80.58 80.09 0.49
International News
JPY/INR 0.61 0.61 0.00
Commodity 14-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 60.88 61.08 60.68 47.19
Brent Crude($/bl) 63.60 65.18 61.88 48.89
Gold( $/oz) 1325 1325 1351 1198
Gold(Rs./10 gm) 30375 30565 30200 28333
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
15 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 10,425.35 points, a premium of 14.45
points, above the spot closing of 10,410.90. The turnover on NSE’s
Futures and Options segment went down from Rs. 8,95,731.16 crore on
Mar 13 to Rs. 8,00,356.04 crore on Mar 14.
• The Put-Call ratio stood at 0.82 against previous session’s close of 0.87.
• The Nifty Put-Call ratio remained unchanged at 1.27 against previous
session’s close.
• Open interest on Nifty Futures stood at 26.08 million as against the
previous session’s close of 25.62 million.
• Bond yields rose as investor risk appetite for debt remained subdued.
Concerns over higher global interest rates also weighed on market
sentiment.
• Yield on the 10-year benchmark paper (7.17% GS 2028) rose 3 bps to
close at 7.68% as against previous session’s close of 7.65%.
• RBI conducted the auction of 91-, 182- and 364-days Treasury Bills for
the notified amount of Rs. 7,000 crore, Rs. 4,000 crore and Rs. 3,000
crore, respectively. The cut-off for 91-, 182- and 364-days Treasury Bill
stood at Rs. 98.47 (6.23%), Rs. 96.89 (6.44%) and Rs. 93.83 (6.59%),
respectively.
• Data from RBI showed that reserve money increased at an annualised
rate of 32.5% in the week to Mar 9, compared with a decrease of 16.0%
a year earlier. India's money supply grew 10.4% on a yearly basis in the
fortnight ending Mar 2 against a growth of 6.6% a year earlier.
• The Indian rupee rose against the greenback as the latter remained
under pressure after U.S. retail inflation slowed in Feb 2018 from the
previous month, which suggested that the U.S. Federal Reserve could
stick to its projections of three interest rate increases this year.
• Euro fell against the greenback after the European Central Bank
president stated that it will wait for more evidence to confirm that
inflation dynamics in the euro zone are rising and moving in the correct
direction.
• Gold prices traded lower as the U.S. dollar gained against the euro.
• Brent crude prices traded lower after the Organization of the
Petroleum Exporting Countries raised its forecast for non-member oil
supply in 2018 to almost double the growth predicted four months ago.
• According to data from National Bureau of Statistics, China's industrial
production rose 7.2% YoY in Jan 2018 compared with 6.2% growth in
Dec 2017. Also, retail sales grew to 9.7% in Jan after climbing 9.4% in
Dec 2017.
• According to the Cabinet Office, the value of core machine orders in
Japan grew 8.2% MoM to 872.3 billion yen in Jan 2018 compared with
9.3% in Dec 2017. On a yearly basis, core machine orders rose 2.9%
following 5.0% decline in the previous month.
• Germany's consumer price inflation slowed for the third consecutive
month to 1.4% YoY in Feb 2018 from 1.6% in Jan 2018. On monthly
basis, consumer prices rose 0.5% mainly due to higher prices of package
holidays.
Markets for You
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