20 Mar 2018
Markets for You
Global Indices
Global Indices 19-Mar Prev_Day Abs. Change
% Change
Dow Jones 24,611 24,947 -336 -1.35
Nasdaq 7,344 7,482 -138 -1.84
FTSE 7,043 7,164 -121 -1.69
Nikkei 21,481 21,677 -196 -0.90
Hang Seng 31,514 31,502 12 0.04
Indian Indices 19-Mar Prev_Day Abs. Change
% Change
S&P BSE Sensex 32,923 33,176 -253 -0.76
Nifty 50 10,094 10,195 -101 -0.99
Nifty 100 10,444 10,556 -112 -1.06
Nifty Bank 24,245 24,490 -244 -1.00
SGX Nifty 10,109 10,244 -135 -1.32
S&P BSE Power 2,127 2,140 -13 -0.59
S&P BSE Small Cap 17,228 17,576 -348 -1.98
S&P BSE HC 13,385 13,506 -121 -0.90
Date P/E Div. Yield P/E Div. Yield
19-Mar 22.71 1.19 24.61 1.29
Month Ago 23.60 1.16 25.14 1.09
Year Ago 22.90 1.37 23.78 1.21
Nifty 50 Top 3 Gainers
Company 19-Mar Prev_Day
% Change
NTPC 167 165 1.30
Maruti 8774 8677 1.12
Power Grid 194 192 1.01
Nifty 50 Top 3 Losers Domestic News
Company 19-Mar Prev_Day
% Change
HCL Tech 927 968 -4.25
Tata Steel 575 600 -4.21
Bharti Airtel 400 417 -4.10
Advance Decline Ratio
Advances 514 285
Declines 2235 1546
Unchanged 162 52
Institutional Flows (Equity)
Description (Cr)
FII Flows* 10176
MF Flows** 27291
Mar 2018; **16
Mar 2018
Economic Indicator
YoY(%) Current Year Ago
20 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
Quarter Ago
Indian equity markets closed in the red amid concerns after India’s
current account deficit data for the third quarter FY18 widened to 2% of
gross domestic product, or $13.5 billion driven by higher imports. Also,
investors remained cautious ahead of the U.S. Federal Reserve’s and
Bank of England’s policy meeting later in the week. Meanwhile, investors
are closely watching developments in the parliament this week following
the no-confidence motion moved by regional political party against the
ruling government.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.76% and
0.99%, respectively to close at 32,923.12 and 10,094.25. S&P BSE Mid-
Cap and S&P BSE Small-Cap fell 1.58% and 1.98%, respectively.
On the BSE sectoral front, S&P BSE Telecom was the major loser, down
3.40%, followed by S&P BSE Realty that fell 3.01% and S&P BSE Metal
that declined 2.65%. S&P BSE Teck and S&P BSE Basic Materials fell
2.08% and 2.00%, respectively. S&P BSE Information Technology and S&P
BSE Oil & Gas fell 1.98% and 1.70%, respectively. None of the BSE sectors
ended in the green.
According to media reports, procurement of wheat may cross the
target of 32 million tonnes for 2018-19. Meanwhile the state
governments are taking steps to ensure that farmers get minimum
support price (MSP) of Rs 1,735 per quintal.
According to the minister of state for finance, bad loans in the banking
sector have gone up steadily for the past eight years. At the end of Dec
2017, non-performing assets in state run banks have surpassed Rs 7.77
lakh crore. On a separate note, the minister added that corporate
lending by banks have increased from Rs. 31.12 lakh crore in Mar 2013 to
Rs. 40.66 lakh crore at the end of Dec 2017.
According to media reports, the Indian government is considering
approaching the World Trade Organization’s (WTO) dispute settlement
body against the U.S. President’s move to raise import duty on aluminum
and steel. It needs to be noted that trade tensions have increased
recently after the U.S. approached WTO dispute settlement body to hold
discussions with India. U.S. is of the view that there are multiple export
promotion schemes which has impacted the U.S. business activity and
According to media reports, Binani Industries may sell 98.47% stake in
cement arm to UltraTech to pay off the debtors to the company
According to media reports, Suzlon Group has won two wind power
projects of 300 MW and 200 MW. The two projects will be located at
Kutch district in Gujarat.
According to media reports, BHEL has commissioned first unit of 110
MW of the Kishanganga hydro-electric project (HEP) of NHPC in Jammu
and Kashmir.
According to media reports, state owned Indian Oil Corp. and Bharat
Petroleum Corp Ltd. may buy 26% stake each in gas utility GAIL India Ltd.
Thereby paying the government over Rs. 20,000 crore each to become
integrated energy firms.
Asian markets witnessed a mixed trend ahead of the highly anticipated
monetary policy decision by U.S. Federal Reserve, scheduled later during
the week. Market participants also awaited new Fed Chairman's first
press conference for near term directional cues. Today (As of Mar 20),
Asian markets opened lower amid soft lead from Wall Street in the last
session. Also, an ongoing political scandal that is hurting public support
for Japan’s Prime Minister weighed on the market sentiment. Nikkei and
Hang seng fell 0.68% and 0.52%, respectively (as at 8.a.m. IST).
As per the last close, European markets ended lower amid concerns
over potential trade war. Also, investors remained cautious ahead of
policy decisions by U.S. Federal Reserve (Fed) and the Bank of England
later this week.
As per the last close, U.S markets ended lower amid lingering concerns
about a potential trade war and political uncertainty. Decline in a U.S.
technology major amid some allegations negatively impacted the indices.
Also, investors remained cautious ahead of the Fed’s monetary policy
decisions later this week.
Markets for You
FII Derivative Trade Statistics 19-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 2473.66 4695.23 22864.94
Index Options 76038.22 76099.70 69142.89
Stock Futures 11248.95 11518.51 78972.95
Stock Options 6299.29 6226.28 7628.77
Total 96060.12 98539.72 178609.55
19-Mar Prev_Day
Put Call Ratio (OI) 1.04 1.09 -0.05
Indian Debt Market
Put Call Ratio(Vol) 0.83 0.89 -0.06
19-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 5.91% 5.86% 5.96% 6.03%
CBLO 5.96% 5.77% 4.96% 4.88%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.13% 6.24% 6.32% 5.91%
364 Day T-Bill 6.50% 6.57% 6.56% 6.14%
10 Year Gilt 7.61% 7.63% 7.58% 6.86%
G-Sec Vol. (Rs.Cr) 34854 29752 23303 23600
Currency Market Update
1 Month CP Rate 7.69% 7.79% 6.87% 6.70%
3 Month CP Rate 7.24% 7.79% 7.89% 6.77%
5 Year Corp Bond 7.95% 8.07% 7.88% 7.62%
1 Month CD Rate 6.83% 7.08% 6.23% 6.24%
3 Month CD Rate 6.79% 7.04% 7.22% 6.28%
1 Year CD Rate 7.26% 7.41% 7.48% 6.66%
Commodity Market Update
Currency 19-Mar Prev_Day
USD/INR 65.04 64.87 0.16
GBP/INR 90.56 90.49 0.07
EURO/INR 79.78 79.91 -0.14
International News
JPY/INR 0.62 0.61 0.00
Commodity 19-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 62.00 61.34 61.87 48.29
Brent Crude($/bl) 64.36 64.52 64.19 50.07
Gold( $/oz) 1317 1323 1346 1228
Gold(Rs./10 gm) 30154 30271 30635 28487
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
20 March 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
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Mar 2018 Futures were at 10,122.80 points, a premium of 28.55
points, above the spot closing of 10,094.25. The turnover on NSE’s
Futures and Options segment went up from Rs. 5,88,936.11 crore on
Mar 16 to Rs. 6,25,236.27 crore on Mar 19.
The Put-Call ratio stood at 0.81 against previous session’s close of
The Nifty Put-Call ratio stood at 1.04 against the previous session’s
close at 1.09.
Open interest on Nifty Futures stood at 27.68 million as against the
previous session’s close of 28.14 million.
Bond yields grew as investors were cautious ahead of the U.S. Federal
Reserve’s meeting starting from Mar 20 wherein a rate hike is expected.
Investors also resorted to profit booking thereby further leading to fall
in bond prices.
Yield on the 10-year benchmark paper (7.17% GS 2028) grew 5 bps to
close at 7.61% as against previous session’s close of 7.56%. During the
session, bond yields traded in the range of 7.54% and 7.61%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 5,497 crore (gross) on Mar 19 compared with
Rs. 10,297 crore on Mar 16. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 19,721 crore on Mar 16.
Banks borrowed Rs. 390 crore under the central bank’s Marginal
Standing Facility on Mar 16 compared with that of Rs. 1,340 crore
borrowed on Mar 15.
The Indian rupee fell against the U.S. dollar following rise in U.S.
industrial production in Feb 2018 and consumer sentiment in Mar 2018.
After falling in the last three consecutive days, the euro rose
marginally against the greenback ahead of the U.S. Federal Reserve
policy meeting, which is expected to see its first rate hike of 2018.
Gold prices traded slightly lower as investors preferred to remain on
the sidelines ahead of the U.S. Federal Reserve monetary policy meeting
this week.
Brent crude prices traded lower after the number of active U.S. oil rigs
increased by four in the week ending Mar 16.
A preliminary report from the University of Michigan showed an
unexpected improvement in U.S. consumer sentiment in Mar 2018. The
preliminary reading on the consumer sentiment index for Mar 2018
came in at 102.0, up from the final Feb reading of 99.7.
A report from the U.S. Federal Reserve showed a modest decrease in
U.S. industrial production in Feb 2018. Industrial production grew 1.1%
in Feb 2018 after falling by a revised 0.3% in Jan 2018 (0.1% fall
originally reported).
According to the British Chambers of Commerce, the U.K. economy is
expected to grow 1.4% this year up from 1.1% projected earlier. The
growth projection for 2019 was increased to 1.5% from 1.3%. For 2020,
the U.K. economy is expected to grow 1.6% in 2020.
Markets for You
Thank you for
your time.