Mutual Fund News of 21st March 2018

21 Mar 2018

Markets for You

Global Indices

Global Indices 20-Mar Prev_Day Abs. Change

% Change

Dow Jones 24,727 24,611 116 0.47

Nasdaq 7,364 7,344 20 0.27

FTSE 7,061 7,043 18 0.26

Nikkei 21,381 21,481 -100 -0.47

Hang Seng 31,550 31,514 36 0.11

Indian Indices 20-Mar Prev_Day Abs. Change

% Change

S&P BSE Sensex 32,997 32,923 74 0.22

Nifty 50 10,124 10,094 30 0.30

Nifty 100 10,478 10,444 34 0.33

Nifty Bank 24,168 24,245 -77 -0.32

SGX Nifty 10,164 10,109 55 0.54

S&P BSE Power 2,137 2,127 10 0.45

S&P BSE Small Cap 17,192 17,228 -36 -0.21

S&P BSE HC 13,444 13,385 60 0.44

Date P/E Div. Yield P/E Div. Yield

20-Mar 22.72 1.19 24.69 1.29

Month Ago 23.34 1.18 25.09 1.09

Year Ago 22.54 1.40 23.70 1.22

Nifty 50 Top 3 Gainers

Company 20-Mar Prev_Day

% Change

Bharti Infratel 342 325 5.09

Tech Mahindra 633 610 3.85

Eicher Motors 28360 27403 3.49

Nifty 50 Top 3 Losers Domestic News

Company 20-Mar Prev_Day

% Change

Vedanta Limited 287 307 -6.54

Indian Oil 174 178 -2.28

ONGC 174 177 -1.56

Advance Decline Ratio

BSE NSE

Advances 1037 691

Declines 1652 1124

Unchanged 166 51

Institutional Flows (Equity)

Description (Cr)

YTD

FII Flows* 10689

MF Flows** 27291

*20

Mar 2018; **16

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)

21 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

-1076

513

4.02%

(Nov-17)

• Indian equity markets closed in the green as investors resorted to value

buying following recent losses. Gains in IT and healthcare stocks boosted

the indices. However, gains were capped amid decline in metal stocks

following fall in Chinese iron ore prices. Also, reports that CBI has filed a

charge sheet against a slew of former senior officials of one of the largest

public-sector banks weighed on the market sentiment.

• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.22% and

0.30%, respectively to close at 32,996.76 and 10,124.35. S&P BSE Mid-

Cap grew 0.21% and S&P BSE Small-Cap fell 0.21%.

• On the BSE sectoral front, S&P BSE Oil & Gas was the major loser, down

0.84%, followed by S&P BSE Energy that fell 0.66% and S&P BSE Metal

that declined 0.45%. S&P BSE Bankex and S&P BSE Utilities fell 0.42% and

0.18%, respectively. Among the gainers, S&P BSE Information Technology

was the major gainer, up 1.29%, followed by S&P BSE Teck 1.18%. S&P

BSE Telecom and S&P BSE Auto grew 0.64% and 0.49%, respectively. S&P

BSE Power and S&P BSE Healthcare rose 0.45% and 0.44%, respectively.

• Data from the Directorate General of Civil Aviation showed that

passengers flown by domestic airlines grew 24.14% YoY in Feb 2018.

Domestic airlines carried 10.7 million passengers in Feb 2018 up from 8.6

million in Feb 2017. As a result, all key scheduled airlines flew with 80%

of their seats full.

• According to a major domestic credit rating agency, credit to micro,

small and medium enterprises (MSMEs) are expected to grow 12% to

14% over the next five years. The growth is expected to come on the

back of higher lending by non-banking finance companies (NBFC) to the

segment. According to reports, as on Mar 2017, credit to MSMEs stood

at Rs. 16 trillion.

• Data from the Reserve Bank of India (RBI) showed that the country’s

manufacturing sector witnessed an improvement in sales growth in the

third quarter of this fiscal on a yearly basis. However, net profit in the

sector remained subdued due to lack of support from other income.

According to the data, sales of manufacturing companies grew 14% in

the period from Oct to Dec of 2017-18 compared to similar period of the

previous fiscal, while net profit of manufacturing companies came down

2.4% during the same period. RBI also noted that demand improved for

chemical and chemical products, cement and cement products,

machinery and machine tools, motor vehicles and other transport

equipment.

• Gail Limited received approval from Petroleum and Natural Gas

Regulatory Board (PNGRB) for the extension of 'Urja Ganga' pipeline up

to Guwahati in Assam. Currently, GAIL is laying a 2,655-km pipeline from

Jagdishpur in Uttar Pradesh to Haldia in West Bengal and Bokaro in

Jharkhand and Dhamra in Odisha at a cost of Rs. 12,940 crore.

• State Bank of India (SBI) and India Mortgage Guarantee Corporation

(IMGC) has signed an agreement to offer mortgage guarantee scheme

for prospective non-salaried and self-employed home loan customers.

According to SBI, the offering will help increase home loan eligibility up

to 15% within the regulatory norms.

• Asian markets traded in the mixed as investors remained cautious

ahead of upcoming U.S. Federal Reserve (Fed) Policy review. Global trade

worries also weighed on the sentiments. However, weak yen and

improved crude prices limited the loss. Today (As of Mar 21), Asian

markets opened moderately higher amid gains in technology, energy and

industrial stocks. Investors awaited Fed decisions and earnings of large-

cap Hong Kong-listed corporates. Hang seng grew 1.16% (as at 8.a.m.

IST). Nikkei remained closed.

• As per the last close, European markets ended higher amid drop in the

value of euro and the pound sterling, thereby providing a bit boost to the

stock markets. However, gains were capped as investors remained

cautious ahead of the policy decisions by Fed and the Bank of England.

• As per the last close, U.S markets ended almost higher amid

expectations that Fed would soothe investor concerns that interest rates

will rise too fast. However, gains were capped by decline in stock of a

U.S. technology major amid some allegations, that negatively impacted

the technology sector.

Markets for You

FII Derivative Trade Statistics 20-Mar

(Rs Cr) Buy

Sell Open Int.

Index Futures 3034.89 3066.08 23035.39

Index Options 75762.52 76162.41 73697.65

Stock Futures 8256.61 8580.13 77964.49

Stock Options 6120.55 6210.93 7831.72

Total 93174.57 94019.55 182529.25

20-Mar Prev_Day

Change

Put Call Ratio (OI) 1.06 1.04 0.02

Indian Debt Market

Put Call Ratio(Vol) 0.92 0.83 0.09

20-Mar Wk. Ago Mth. Ago

Year Ago

Call Rate 5.92% 5.86% 5.96% 5.99%

CBLO 5.83% 5.73% 5.98% 5.96%

Repo 6.00% 6.00% 6.00% 6.25%

Reverse Repo 5.75% 5.75% 5.75% 5.75%

91 Day T-Bill 6.06% 6.05% 6.31% 5.87%

364 Day T-Bill 6.45% 6.54% 6.55% 6.11%

10 Year Gilt 7.62% 7.65% 7.67% 6.90%

G-Sec Vol. (Rs.Cr) 25012 26628 17498 23764

Currency Market Update

1 Month CP Rate 7.76% 7.76% 6.91% 6.72%

3 Month CP Rate 7.25% 7.74% 7.88% 6.77%

5 Year Corp Bond 7.95% 8.03% 7.89% 7.60%

1 Month CD Rate 6.89% 7.08% 6.24% 6.25%

3 Month CD Rate 6.82% 7.03% 7.23% 6.33%

1 Year CD Rate 7.27% 7.41% 7.48% 6.66%

Commodity Market Update

Currency 20-Mar Prev_Day

Change

USD/INR 65.20 65.04 0.16

GBP/INR 91.49 90.56 0.94

EURO/INR 80.46 79.78 0.69

International News

JPY/INR 0.61 0.62 0.00

Commodity 20-Mar Wk Ago Mth. Ago

Year Ago

NYMEX Crude($/bl) 63.36 60.68 61.89 47.74

Brent Crude($/bl) 65.24 64.19 63.92 50.26

Gold( $/oz) 1311 1326 1329 1233

Gold(Rs./10 gm) 30251 30238 30567 28539

Source: Thomson Reuters Eikon

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

21 March 2018

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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

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Derivative Statistics- Nifty Options

Disclaimer:

Derivatives Market

Debt Watch

Currency Market

Commodity Prices

• Nifty Mar 2018 Futures were at 10143.20 points, a premium of 18.85

points, above the spot closing of 10,124.35. The turnover on NSE’s

Futures and Options segment went up from Rs. 6,25,236.27 crore on

Mar 19 to Rs. 6,44,894.77 crore on Mar 20.

• The Put-Call ratio stood at 0.79 against previous session’s close of

0.81.

• The Nifty Put-Call ratio stood at 1.06 against the previous session’s

close at 1.04.

• Open interest on Nifty Futures stood at 28.23 million as against the

previous session’s close of 27.68 million.

• Bond yields stood almost steady as investors were cautious ahead of

the U.S. Federal Reserve’s meeting starting from Mar 20 wherein a rate

hike is expected and awaited cues on whether India would hike a limit

for foreign investment in its debt.

• Yield on the 10-year benchmark paper (7.17% GS 2028) inched up 1

bps to close at 7.62% as against previous session’s close of 7.61%.

During the session, bond yields traded in the range of 7.59% and 7.63%.

• RBI conducted the auction of state development loans of thirteen

state governments for a notified amount of Rs. 8,095.75 crore for which

Rs. 7,095.75 crore was accepted. The cut-off yield stood in the range of

7.55% to 8.14%. Gujarat did not accept any amount in the auction.

• The Indian rupee stood almost unchanged against the U.S. dollar as

investors remained cautious ahead of U.S. Federal Reserve’s monetary

policy meeting result that is due on Mar 21. The rupee fell 0.03% to

close at 65.19 per dollar from the previous close of 65.17.

• Euro fell against the greenback ahead of the U.S. Federal Reserve

policy meeting, which is expected to see its first rate hike of 2018. Euro

was last seen trading at $1.2274 compared with the previous close of

$1.2333.

• Gold prices traded lower as dollar gained against the euro ahead of the

U.S. Federal Reserve's (Fed) policy meeting this week.

• Brent crude prices traded higher amid reports that U.S. could reimpose

sanctions on Iran. Also, tensions between Saudi Arabia and Iran reignited

fears of supply disruptions in the region.

• According to the data reported by Office for National Statistics, U.K.’s

consumer price inflation fell more than expected to 2.7% YoY in Feb

2018, weakest since Jul 2017, from 3% YoY in Jan 2018. Core inflation

that excludes energy, food, alcoholic beverages and tobacco, fell 2.4% in

Feb 2018 from 2.7% in Jan 2018.

• As per figures from Office for National Statistics, U.K. house price

index grew 4.9% YoY in Jan 2018 down from revised 5% growth in Dec

2017. On monthly basis, house prices fell 0.3% in Jan 2018.

• According to survey data from the Mannheim-based think tank ZEW,

Germany’s economic sentiment fell to 5.1 in Mar 2018 from 17.8 in Feb

2018. The decline was due to concerns over a U.S. led global trade

conflict.

Markets for You

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