19 Mar 2018
Markets for You
Global Indices
Global Indices 16-Mar Prev_Day Abs. Change
% Change
#
Dow Jones 24,947 24,874 73 0.29
Nasdaq 7,482 7,482 0 0.00
FTSE 7,164 7,140 24 0.34
Nikkei 21,677 21,804 -127 -0.58
Hang Seng 31,502 31,541 -39 -0.12
Indian Indices 16-Mar Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 33,176 33,686 -510 -1.51
Nifty 50 10,195 10,360 -165 -1.59
Nifty 100 10,556 10,716 -160 -1.49
Nifty Bank 24,490 24,792 -302 -1.22
SGX Nifty 10,244 10,374 -130 -1.25
S&P BSE Power 2,140 2,176 -37 -1.69
S&P BSE Small Cap 17,576 17,755 -178 -1.00
S&P BSE HC 13,506 13,687 -181 -1.32
Date P/E Div. Yield P/E Div. Yield
16-Mar 22.93 1.18 24.87 1.28
Month Ago 24.19 1.15 25.32 1.08
Year Ago 22.90 1.37 23.77 1.21
Nifty 50 Top 3 Gainers
Company 16-Mar Prev_Day
% Change
#
HCL Tech 968 959 0.88
M&M 741 735 0.80
Wipro 296 293 0.80
Nifty 50 Top 3 Losers Domestic News
Company 16-Mar Prev_Day
% Change
#
Coal India 278 296 -5.85
Ultratech Cem 4026 4189 -3.89
Indian Oil 185 192 -3.80
Advance Decline Ratio
BSE NSE
Advances 859 534
Declines 1835 1263
Unchanged 162 70
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 9124
MF Flows** 24750
*16
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)
19 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
1.80%
(Oct-17)
6.50%
(Sep-17)
Quarter Ago
Inflow/Outflow
-273
-193
4.02%
(Nov-17)
• Indian equity markets closed in the red amid reports that regional
political party decided to quit the centre-right coalition of political
parties in India and moved a no-confidence notice against the ruling
government. Also, weakness in global markets amid political uncertainty
and geopolitical concerns in the U.S. further weighed on the market
sentiment.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 1.51% and
1.59%, respectively to close at 33,176.00 and 10,195.15. S&P BSE Mid-
Cap and S&P BSE Small-Cap fell 1.07% and 1.00%, respectively.
• The overall market breadth on BSE was weak with 1,835 scrips
declining and 859 scrips advancing. A total of 162 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Metal was the major loser, down
2.30%, followed by S&P BSE Oil & Gas that that fell 2.09% and S&P BSE
Energy that declined 1.97%. S&P BSE Power and S&P BSE Industrials fell
1.69% each. S&P BSE Capital Goods and S&P BSE Auto fell 1.66% each.
None of the BSE sectors ended in the green.
• Data from the Reserve Bank of India (RBI) showed that India’s Current
Account Deficit (CAD) expanded to $13.5 billion (2% of GDP) in Q3 of
FY18 from $7.2 billion (1.1% of GDP) in the preceding quarter and $8.0
billion (1.4% of GDP) in the same quarter of the previous fiscal. CAD
widened on YoY basis due to higher trade deficit driven by a larger
increase in merchandise imports relative to exports.
• According to the World Bank, India’s Goods and service (GST) regime
with higher tax rates and many tax slabs is one of the most complex
among 115 nations with a similar tax system. The World Bank also noted
that the 0% tax rate in the new indirect tax regime is compromising the
logic of GST. It stated that in addition to the number of tax rates, the
extent of exemptions and sales at a zero rate is a critical design
parameter for a GST.
• According to the quarterly report on debt management released by the
Finance Ministry, India’s public debt grew to Rs. 66.61 lakh crore at the
end of Dec 2017, up 1.22% QoQ as against Rs. 65.80 lakh crore at the end
of Sep 2017. Internal debt and marketable securities constituted 93.1%
and 82.6%, respectively of the total public debt in Dec 2017.
• The Central Board of Excise and Customs (CBEC) field formations have
launched 'GST refund fortnight' beginning March 15 to quickly sanction
pending refunds to exporters. According to the media reports, due to
technical errors, approximately Rs. 150 crore of Integrated Goods and
Services Tax (IGST) refunds are pending for exports though the Cochin
port.
• Larsen & Toubro (L&T)’s construction arm has received orders worth
Rs. 28.6 billion for construction of 222 km long single-track corridor
package on the eastern dedicated freight corridor.
• Dr. Reddy’s Laboratories Ltd. has received approval to launch
Levocetrizine Dihydrochloride tablets that offers 24-hour relief from
symptoms of allergy, such as watery eyes, runny nose, itching eyes and
nose, and sneezing.
• Most of the Asian markets traded in the red on political worries in U.S.
and probable trade war following U.S. President’s decision on
protectionist trade policy. However, improved crude oil prices and mixed
economic data in U.S. brought some respite. Today (As of Mar 19), Asian
markets opened lower amid decline in financial and auto stocks. Also,
investors remained cautious ahead of U.S. Federal Reserve meeting later
this week. Nikkei and Hang seng fell 1.15% and 0.28%, respectively (as at
8.a.m. IST).
• As per the last close, European markets ended higher amid positive
opening on Wall Street. Gains in oil and gas and financial services sector
boosted the indices. However, political uncertainty in U.S. and continued
worries over potential trade war weighed on investor sentiment.
• As per the last close, U.S markets ended almost higher amid
unexpected gains in consumer sentiment for Mar 2018 and strong
industrial production for Feb 2018. However, gains were capped as
investors remained cautious on reports that U.S. President plans to
remove national security adviser.
Markets for You
FII Derivative Trade Statistics 16-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 1917.90 2650.72 20850.26
Index Options 101025.46 100493.37 70851.78
Stock Futures 7468.63 8147.02 79425.85
Stock Options 4473.24 4401.51 7558.79
Total 114885.23 115692.62 178686.68
16-Mar Prev_Day
Change
Put Call Ratio (OI) 1.09 1.23 -0.14
Indian Debt Market
Put Call Ratio(Vol) 0.89 0.97 -0.08
16-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 5.97% 5.89% 5.96% 6.01%
CBLO 5.29% 5.85% 4.96% 6.10%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.12% 6.22% 6.32% 5.91%
364 Day T-Bill 6.44% 6.62% 6.56% 6.14%
10 Year Gilt 7.56% 7.67% 7.58% 6.84%
G-Sec Vol. (Rs.Cr) 40873 29326 23303 42378
Currency Market Update
1 Month CP Rate 7.60% 7.80% 6.87% 6.70%
3 Month CP Rate 7.31% 7.83% 7.89% 6.78%
5 Year Corp Bond 7.94% 8.11% 7.88% 7.67%
1 Month CD Rate 6.80% 7.09% 6.23% 6.24%
3 Month CD Rate 6.69% 7.13% 7.22% 6.29%
1 Year CD Rate 7.26% 7.44% 7.48% 6.67%
Commodity Market Update
Currency 16-Mar Prev_Day
Change
USD/INR 64.87 64.94 -0.06
GBP/INR 90.49 90.72 -0.24
EURO/INR 79.91 80.32 -0.41
International News
JPY/INR 0.61 0.61 0.00
Commodity 16-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 62.28 62.01 61.87 48.25
Brent Crude($/bl) 64.32 65.28 63.54 49.90
Gold( $/oz) 1313 1324 1348 1226
Gold(Rs./10 gm) 30299 30369 30693 28491
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
19 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 10232.5 points, a premium of 37.35
points, above the spot closing of 10,195.15. The turnover on NSE’s
Futures and Options segment went down from Rs. 13,35,191.83 crore
on Mar 15 to Rs. 5,88,936.11 crore on Mar 16.
• The Put-Call ratio stood at 0.86 against previous session’s close of
0.77.
• The Nifty Put-Call ratio stood at 1.09 against the previous session’s
close at 1.23.
• Open interest on Nifty Futures stood at 28.14 million as against the
previous session’s close of 27.09 million.
• Bond yields continue to fall amid media reports that government
might increase foreign investment limit for government bonds.
• Yield on the 10-year benchmark paper (7.17% GS 2028) fell 7 bps to
close at 7.56% as against previous session’s close of 7.63%. During the
session, bond yields traded in the range of 7.55% and 7.65%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 10,297 crore (gross) on Mar 16 compared with
Rs. 3,700 crore on Mar 15. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 30,570 crore on Mar 15.
• Data from RBI showed that India's foreign exchange reserves rose to
$421.49 billion as on Mar 9, 2018, from $420.76 billion in the previous
week.
• The Indian rupee stood steady against the greenback as equity-related
inflows helped offset overnight greenback strength. The rupee stood
steady at 64.93.
• The euro rose against the greenback as the latter weakened following
concerns of a global trade war and worries of U.S. President’s
protectionist agenda. Euro was last seen trading at $1.2322, up 0.15%
compared with the previous close of $1.2304.
• Gold prices traded lower as dollar gained against the euro amid strong
U.S industrial production data for Feb 2018.
• Brent crude prices traded higher amid positive impact after IEA raised
its forecast for oil demand in 2018.
• A report from the Labor department showed that U.S. initial jobless
claims fell to 226,000 for the week ended Mar 10, down 4,000 from the
previous week's revised level of 230,000 (231,000 originally reported).
Continuing claims grew by 4,000 to 1.879 million for the week ended
Mar 3.
• A report from the Eurostat showed that eurozone’s inflation slowed to
revised 1.1% in Feb 2018 as against 1.3% in Jan 2018 and 1.2% as per
initial expectations. Meanwhile, inflation continues to stay below the
European Central Bank's target of ’below, but close to 2%’. Core
inflation that excludes energy, food, alcohol and tobacco remained
unchanged at 1% in Feb 2018.
Markets for You
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