26 Mar 2018
Markets for You
Global Indices
Global Indices 23-Mar Prev_Day Abs. Change
% Change
Dow Jones 23,533 23,958 -425 -1.77
Nasdaq 6,993 7,167 -174 -2.43
FTSE 6,922 6,953 -31 -0.44
Nikkei 20,618 21,592 -974 -4.51
Hang Seng 30,309 31,071 -762 -2.45
Indian Indices 23-Mar Prev_Day Abs. Change
% Change
S&P BSE Sensex 32,597 33,006 -410 -1.24
Nifty 50 9,998 10,115 -117 -1.15
Nifty 100 10,358 10,470 -113 -1.08
Nifty Bank 23,670 24,142 -471 -1.95
SGX Nifty 10,007 10,106 -100 -0.98
S&P BSE Power 2,117 2,131 -15 -0.68
S&P BSE Small Cap 16,801 17,064 -263 -1.54
S&P BSE HC 13,106 13,302 -196 -1.48
Date P/E Div. Yield P/E Div. Yield
23-Mar 22.50 1.20 24.38 1.30
Month Ago 23.66 1.16 25.75 1.13
Year Ago 22.36 1.41 23.59 1.22
Nifty 50 Top 3 Gainers
Company 23-Mar Prev_Day
% Change
HCL Tech 957 931 2.89
Bharti Infratel 343 335 2.18
Zee Entertainment 569 559 1.82
Nifty 50 Top 3 Losers Domestic News
Company 23-Mar Prev_Day
% Change
Vedanta Limited 276 292 -5.41
Hindalco 206 217 -4.94
Yes Bank 287 298 -3.89
Advance Decline Ratio
Advances 558 343
Declines 2149 1482
Unchanged 155 54
Institutional Flows (Equity)
Description (Cr)
FII Flows* 11184
MF Flows** 28893
Mar 2018; **22
Mar 2018
Economic Indicator
YoY(%) Current Year Ago
26 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
The Ministry of Defence has come out with a draft policy seeking to
promote the domestic defence industry and make India one of the top
five manufacturers of defence platforms and weapons through active
participation of public and private sectors. The policy aims to attain a
turnover and export of Rs. 1,70,000 crore and Rs. 35,000 crore in military
goods and services, respectively, by 2025.
The commerce ministry has notified exemption from Integrated Goods
and Service Tax (IGST) and compensation cess for procurement under
advance authorisation and Export Promotion Capital Goods (EPCG)
scheme till Oct 1, 2018. EPCG is an export promotion scheme under
which an exporter can import certain amount of capital goods at zero
duty for upgrading technology related with exports. Meanwhile, advance
authorisation is issued to allow duty free import of input, which is
physically incorporated in export product.
The health minister has announced that the government has decided
to allocate Rs. 10,000 crore initially to implement the Ayushman Bharat-
National Health Protection Mission (AB-NHPM). Also, the health minister
stated that this amount is flexible and will be used to cover costs of
setting up technology systems and verifying entitled beneficiaries in
addition to paying premiums to states that are implementing the scheme
through insurance models.
According to the Ministry of Housing and Urban Affairs, the
government would complete its target of building 11 million homes
under the Pradhan Mantri Awas Yojna before 2022. The remark comes
amid concerns that the pace of the scheme has slowed down.
According to the agriculture minister, the government will soon come
out with a policy to ensure that farmers get the support price which is
1.5 times higher than the production cost. The minister added that in the
event prices come down below the minimum support price, the
government will intervene even though the same may hurt the
government exchequer.
Markets for You
Indian equity markets closed in the red amid heightened concerns of a
trade war after the U.S. President announced tariffs on Chinese imports
worth roughly $50 billion. Meanwhile, decline in banking stocks after the
Central Bureau of Investigation filed two more fraud cases against two
major state-owned lenders negatively impacted the indices.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 1.24% and
1.15%, respectively, to close at 32,596.54 and 9,998.05. S&P BSE Mid-
Cap and S&P BSE Small-Cap fell 1.36% and 1.54%, respectively.
The overall market breadth on BSE was weak with 2,149 scrips
declining and 558 scrips advancing. A total of 155 scrips remained
On the BSE sectoral front, S&P BSE Realty was the major loser, down
3.31%, followed by S&P BSE Metal that fell 2.89%. S&P BSE Basic
Materials and S&P BSE Bankex fell 2.17% and 2.08%, respectively. S&P
BSE Finance and S&P BSE Capital Goods fell 1.73% and 1.56%,
respectively. Among the gainers, S&P BSE Teck was the major gainer, up
0.32%, followed by S&P BSE Information Technology that grew 0.19%.
Asian markets closed in the red amid speculation over a trade war after
the U.S. President announced tariffs on Chinese imports, which worth at
least $50 billion. In retaliation, China said it would impose tariffs on up to
$3 billion worth of U.S. goods. Today (As of Mar 26), Asian markets
opened lower following losses in the Wall Street’s last session amid fears
that rising tensions between the U.S. and China could lead to a full-blown
trade war. Both Nikkei and Hang Seng fell 0.95% and 0.14%, respectively
(as at 8.a.m. IST).
As per the last close, European markets ended lower amid potential
trade war concerns after U.S. President announced tariffs on at least $50
billion worth of Chinese imports and Beijing outlined plans to introduce
tariffs on U.S. imports.
As per the last close, U.S markets ended lower amid concerns about
the impact of potential trade war after China said it would impose tariffs
on up to $3 billion worth of U.S. goods in retaliation for the tariffs
announced by the U.S. President.
FII Derivative Trade Statistics 23-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 2688.37 2464.08 24053.44
Index Options 111336.20 109232.71 72926.81
Stock Futures 10263.95 9652.73 76059.18
Stock Options 5856.15 5664.98 7836.95
Total 130144.67 127014.50 180876.38
23-Mar Prev_Day
Put Call Ratio (OI) 1.06 1.07 -0.01
Indian Debt Market
Put Call Ratio(Vol) 0.94 0.93 0.01
23-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 5.93% 5.97% 5.90% 5.92%
CBLO 5.82% 5.29% 5.89% 5.81%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.12% 6.12% 6.19% 5.82%
364 Day T-Bill 6.50% 6.44% 6.61% 6.00%
10 Year Gilt 7.56% 7.56% 7.67% 6.83%
G-Sec Vol. (Rs.Cr) 40602 40873 24927 40405
Currency Market Update
1 Month CP Rate 7.71% 7.60% 6.91% 6.56%
3 Month CP Rate 7.33% 7.31% 7.89% 6.64%
5 Year Corp Bond 7.92% 7.94% 7.98% 7.52%
1 Month CD Rate 7.12% 6.80% 6.25% 6.24%
3 Month CD Rate 7.06% 6.69% 7.24% 6.29%
1 Year CD Rate 7.35% 7.26% 7.52% 6.71%
Commodity Market Update
Currency 23-Mar Prev_Day
USD/INR 65.13 65.06 0.07
GBP/INR 91.96 92.06 -0.11
EURO/INR 80.34 80.37 -0.04
International News
JPY/INR 0.62 0.61 0.01
Commodity 23-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 65.79 62.28 63.49 46.95
Brent Crude($/bl) 68.62 64.32 66.98 50.06
Gold( $/oz) 1347 1313 1329 1245
Gold(Rs./10 gm) 30700 30299 30390 28870
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
26 March 2018
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields remained unchanged as investors preferred to remain on
the sidelines ahead of a meeting, on Mar 24, wherein government will
discuss the borrowing calendar. However, the investors expect
government to ease supply burden.
Yield on the 10-year benchmark paper (7.17% GS 2028) remained
unchanged at 7.56%. During the session, bond yields traded in the range
of 7.52% and 7.56%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,580 crore (gross) on Mar 23 compared with
Rs. 5,144 crore on Mar 22. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 28,895 crore on Mar 22.
Banks borrowed Rs. 23 crore under the central bank’s Marginal
Standing Facility on Mar 22 compared with no borrowings as on Mar 21.
A report from the Conference Board showed that U.S. leading
economic index came in higher than market expectations and grew 0.6%
in Feb 2018 as against 0.8% increase in Jan 2018. Meanwhile, the
coincident economic index grew 0.3% and the lagging economic index
grew 0.4%.
According to a report from the Labor Department, U.S. initial jobless
claims edged up to 229,000 for the week ended Mar 17, up 3,000 from
the previous week's level of 226,000. Meanwhile, continuing claims fell
by 57,000 to 1.828 million in the week ended Mar 10.
Markets for You
Nifty Mar 2018 Futures were at 10003.9 points, a premium of 5.85
points, above the spot closing of 9,998.05. The turnover on NSE’s Futures
and Options segment went up from Rs. 13,65,419.39 crore on Mar 22 to
Rs. 7,84,703.84 crore on Mar 23.
The Put-Call ratio stood at 0.77 against previous session’s close of 0.82.
The Nifty Put-Call ratio stood at 1.04 against the previous session’s
close of 1.06.
India VIX moved up 1.95% to 15.5450 from 15.2475 in the previous
trading session.
Open interest on Nifty Futures stood at 28.76 million as against the
previous session’s close of 28.95 million.
The Indian rupee rose against the U.S. dollar following greenback sales
by exporters ahead of the financial year-end and IPO-related inflows.
However, fears over looming global trade war capped the gains. The
rupee rose 0.15% to close at 65.01 per dollar from the previous close
The euro rose against the U.S. dollar as the latter weakened due to
concerns that a trade war could hurt global growth. Euro was last seen
trading at $1.2341 compared with the previous close of $1.2300.
The safe haven appeal of the metal jumped on concerns over
prospective global trade war after the U.S. President signed a
memorandum announcing tariffs on Chinese exports.
Brent crude prices inched down on concerns over supply glut after
crude production in the U.S. touched a fresh high.
Thank you for
your time.