23 Mar 2018
Markets for You
Global Indices
Global Indices 22-Mar Prev_Day Abs. Change
% Change
#
Dow Jones 23,958 24,682 -724 -2.93
Nasdaq 7,167 7,345 -179 -2.43
FTSE 6,953 7,039 -86 -1.23
Nikkei 21,592 Closed NA NA
Hang Seng 31,071 31,415 -343 -1.09
Indian Indices 22-Mar Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 33,006 33,136 -130 -0.39
Nifty 50 10,115 10,155 -41 -0.40
Nifty 100 10,470 10,512 -41 -0.39
Nifty Bank 24,142 24,256 -114 -0.47
SGX Nifty 10,106 10,171 -65 -0.64
S&P BSE Power 2,131 2,146 -14 -0.66
S&P BSE Small Cap 17,064 17,244 -180 -1.05
S&P BSE HC 13,302 13,382 -80 -0.60
Date P/E Div. Yield P/E Div. Yield
22-Mar 22.76 1.19 24.67 1.29
Month Ago 23.34 1.18 25.49 1.09
Year Ago 22.20 1.42 23.45 1.23
Nifty 50 Top 3 Gainers
Company 22-Mar Prev_Day
% Change
#
Vedanta Limited 292 286 2.12
ONGC 179 176 1.91
Tata Motors 338 334 1.30
Nifty 50 Top 3 Losers Domestic News
Company 22-Mar Prev_Day
% Change
#
BPCL 415 431 -3.70
HPCL 343 353 -2.96
SBI 242 248 -2.60
Advance Decline Ratio
BSE NSE
Advances 670 425
Declines 2059 1391
Unchanged 129 57
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 11112
MF Flows** 28315
*22
nd
Mar 2018; **20
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)
23 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
887
-71
4.02%
(Nov-17)
• According to media reports, the Parliament passed the Payment of
Gratuity (Amendment) Bill that seeks to increase the ceiling of tax-free
gratuity amount to Rs 20 lakh from Rs 10 lakh. The move is expected to
benefit those sections of people who have high salaries or who have just
started working.
• Capital market regulator Securities and exchange Board of India (SEBI) is
considering a major overhaul of rules for appointment of top executives at
stock exchanges, clearing corporations and depositories. The committee is
considering a mandatory rotation of the managing directors for bringing in
transparency strengthening the governance structure and bringing in
harmony between shareholding patterns and the regulations.
• SEBI is considering bringing in additional disclosure requirements for
listed corporates that are undergoing insolvency resolution process. SEBI
is also mulling amending norms pertaining to minimum public
shareholding norms and other provisions for such entities. The
consideration comes at a time when there are increasing number of cases
arising under the Insolvency and Bankruptcy Code.
• SEBI is considering overhauling algo trading rules for strengthening the
algorithmic trading framework. SEBI has proposed to review the trading
requirement of the algo software and is also considering mandating stock
exchanges to provide a simulated market environment for testing of
software used for high-frequency trades.
• SEBI has announced that members of clearing corporations in
commodity derivatives segment will have to maintain a minimum liquid
net-worth of at least Rs. 50 lakhs. The objective is to align norms related
to base minimum capital requirement and liquid net-worth of clearing
corporations in commodity derivatives with equity and currency
derivatives.
Markets for You
• Indian equity markets closed in the red amid concerns amongst the
global market after U.S. Federal Reserve raised interest rates by 25 basis
points while reiterating its plan to raise rates gradually. Also, concerns
over the trade war following reports that U.S. president will introduce
tariffs on Chinese goods for approximately $50 billion weighed on the
market sentiment. Meanwhile, investors remained cautious ahead of the
expiry of monthly derivatives contracts.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.39% and
0.40%, respectively to close at 33,006.27 and 10,114.75. S&P BSE Mid-Cap
and S&P BSE Small-Cap fell 0.75% and 1.05%.
• The market breadth on BSE was weak with 2,059 scrips declining and
670 scrips advancing. A total of 129 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Telecom was the major loser, down
1.30%, followed by S&P BSE Realty that fell 1.28%. S&P BSE Capital Goods
and S&P BSE Industrials fell 1.07% and 1.00%, respectively. S&P BSE Teck
and S&P BSE Auto fell 0.99% and 0.94%, respectively. Among the gainers,
S&P BSE Consumer Durables was the major gainer, up 0.79%, followed by
S&P BSE Metal that grew 0.37%. S&P BSE Energy grew 0.31%.
• Asian markets witnessed a mixed trend after the U.S. Federal Reserve
raised its key interest rates by 25 basis points, as widely anticipated, and
projected three rate hikes in 2018, citing a strong outlook for U.S.
economic growth. Japanese markets rose amid value buying in recent
beaten down stocks. Today (As of Mar 23), Asian markets opened lower
following soft lead from Wall Street’s last session due to concerns for
global trade war. Nikkei and Hang Seng fell 3.48% and 3.45%, respectively
(as at 8.a.m. IST).
• As per the last close, European markets ended lower after Bank of
England kept rates unchanged but two policymakers unexpectedly voted
in favor of an immediate rate hike. Concerns over global trade war and
some key weak economic data also weighed on the market sentiments.
• As per the last close, U.S markets ended lower amid concerns about the
impact of potential trade war after U.S. President announced tariffs on at
least $50 billion worth of Chinese imports. Also, weakness was visible in
financial, oil service, pharmaceutical, transportation, and chemical stocks.
FII Derivative Trade Statistics 22-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 2046.98 3338.96 23591.89
Index Options 90950.14 90580.43 75475.91
Stock Futures 9432.07 8187.37 77153.86
Stock Options 5020.04 5001.06 7982.89
Total 107449.23 107107.82 184204.55
22-Mar Prev_Day
Change
Put Call Ratio (OI) 1.06 1.07 -0.01
Indian Debt Market
Put Call Ratio(Vol) 0.94 0.93 0.01
22-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 5.93% 5.91% 5.94% 5.97%
CBLO 5.88% 5.85% 5.99% 5.84%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.13% 6.15% 6.32% 5.86%
364 Day T-Bill 6.50% 6.53% 6.62% 6.00%
10 Year Gilt 7.56% 7.63% 7.75% 6.81%
G-Sec Vol. (Rs.Cr) 32468 30469 31124 56143
Currency Market Update
1 Month CP Rate 7.74% 7.81% 6.90% 6.59%
3 Month CP Rate 7.34% 7.68% 7.89% 6.66%
5 Year Corp Bond 7.91% 7.98% 7.99% 7.55%
1 Month CD Rate 6.90% 7.06% 6.25% 6.25%
3 Month CD Rate 6.85% 7.01% 7.26% 6.29%
1 Year CD Rate 7.30% 7.40% 7.52% 6.70%
Commodity Market Update
Currency 22-Mar Prev_Day
Change
USD/INR 65.06 65.22 -0.15
GBP/INR 92.06 91.33 0.73
EURO/INR 80.37 79.96 0.41
International News
JPY/INR 0.61 0.61 0.00
Commodity 22-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 64.24 61.15 62.69 47.19
Brent Crude($/bl) 68.57 63.31 65.96 49.45
Gold( $/oz) 1329 1316 1331 1249
Gold(Rs./10 gm) 30495 30320 30384 28793
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
23 March 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields fell for the second consecutive session amid optimism that
the government will take several measures to address demand-supply
issues in FY19. However, higher crude oil prices and rate hike by the U.S.
Federal Reserve capped the gains.
• Yield on the 10-year benchmark paper (7.17% GS 2028) fell 2 bps to
close at 7.56% as against previous session’s close of 7.58%. 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. 5,144 crore (gross) on Mar 22 compared with
Rs. 6,017 crore on Mar 21. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 18,445 crore on Mar 21.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on Mar 21 compared with that of Rs. 248 crore borrowed on Mar
20.
• According to the Labor Department, U.S initial weekly jobless claims
unexpectedly rose by 3,000 to 229,000 from the previous week's
unrevised level of 226,000. Four-week moving average also edged up by
2,250 to 223,750 from the previous week's unrevised average of
221,500.
• Japan's all industry activity index dropped 1.8% MoM in Jan 2018
compared with a rise of 0.6% in Dec 2017. The index fell for the first
time after rising for three consecutive months. Industrial production
dropped 6.8% MoM and tertiary activity index fell 0.6% but construction
output showed a gain of 1.7%.
Markets for You
• Nifty Mar 2018 Futures were at 10,127.85 points, a premium of 13.10
points, above the spot closing of 10,114.75. The turnover on NSE’s
Futures and Options segment went up from Rs. 8,14,332.32 crore on Mar
21 to Rs. 13,65,419.39 crore on Mar 22.
• The Put-Call ratio, stood at 0.82 against previous session’s close of 0.87.
• The Nifty Put-Call ratio stood at 1.06 against the previous session’s
close at 1.07.
• India VIX moved up 0.93% to 15.2475 from 15.1075 in the previous
trading session.
• Open interest on Nifty Futures stood at 28.95 million as against the
previous session’s close of 28.47 million.
• The Indian rupee rose against the U.S. dollar after the U.S. Federal
Reserve decided to maintain its interest rate projection of three rate
hikes in 2018. The rupee rose 0.16% to close at 65.10 per dollar from the
previous close 65.21.
• The euro eased against the U.S. dollar as market participants digested
the implications of a generally dovish outlook from the U.S. Federal
Reserve after it raised interest rates by 25 bps as widely market
expected. Euro was last seen trading at $1.2316 compared with the
previous close of $1.2336.
• Gold prices traded lower after U.S. Federal Reserve raised interest rates
but stuck to its forecast for two more hikes in 2018.
• Brent Crude prices traded lower amid lingering concerns over rising
production amid reports that U.S. crude oil production rose by 0.3% from
the previous week.
Thank you for
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