27 Mar 2018
Markets for You
Global Indices
Global Indices 26-Mar Prev_Day Abs. Change
% Change
Dow Jones 24,203 23,533 669 2.84
Nasdaq 7,221 6,993 228 3.26
FTSE 6,889 6,922 -33 -0.48
Nikkei 20,766 20,618 148 0.72
Hang Seng 30,549 30,309 239 0.79
Indian Indices 26-Mar Prev_Day Abs. Change
% Change
S&P BSE Sensex 33,066 32,597 470 1.44
Nifty 50 10,131 9,998 133 1.33
Nifty 100 10,498 10,358 140 1.35
Nifty Bank 24,244 23,670 574 2.42
SGX Nifty 10,181 10,007 175 1.74
S&P BSE Power 2,133 2,117 16 0.77
S&P BSE Small Cap 16,923 16,801 122 0.73
S&P BSE HC 13,186 13,106 81 0.62
Date P/E Div. Yield P/E Div. Yield
26-Mar 22.87 1.17 24.70 1.29
Month Ago 24.06 1.14 25.95 1.12
Year Ago 22.45 1.40 23.65 1.22
Nifty 50 Top 3 Gainers
Company 26-Mar Prev_Day
% Change
Yes Bank 303 287 5.83
SBI 247 235 4.98
Bajaj Finance 1742 1685 3.34
Nifty 50 Top 3 Losers Domestic News
Company 26-Mar Prev_Day
% Change
Wipro 274 285 -3.74
GAIL 425 440 -3.29
HPCL 333 339 -1.68
Advance Decline Ratio
Advances 852 852
Declines 997 997
Unchanged 54 54
Institutional Flows (Equity)
Description (Cr)
FII Flows* 13815
MF Flows** 28893
Mar 2018; **22
Mar 2018
Economic Indicator
YoY(%) Current Year Ago
27 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
Government plans to borrow Rs. 2.88 lakh crore in the first half of FY19
(Apr to Sep). Economic affairs secretary anticipated that the gross market
borrowing in FY19 is likely to be lower by Rs. 25,000 crore than the
budgeted target. Government will also issue securities of 1-4 years
duration, inflation index bonds linked to consumer price index and flexible
rate bonds. The secretary also said that the government and the central
bank are also considering a plan to raise the foreign investment limit in
government bonds.
According to the data released by Reserve Bank of India, outbound
remittances (money sent to overseas countries) by individual residents
reached a new high of $1.2 billion in Jan 2018 and doubled from a year
earlier. From Apr 2017 to Jan 2018, cumulative outflows surged 77.61%
YoY to $8.17 billion from $4.6 billion seen in the same period a year ago.
Among the categories, gifts, maintenance of relatives abroad, travel and
study contributed more than 90% of the total flows.
Government’s Pradhan Mantri Fasal Bima Yojana or crop insurance
scheme coverage area has reduced to 24% of gross cropped area (GCA) in
FY18 compared with its target of 40%. In the previous financial year,
insurance coverage area was 30% of GCA. Similarly, the number of
farmers insured during both the kharif and rabi seasons fell 14% in the
current financial year. In FY18, the area insured under the crop scheme
was 47.5 million hectares, of the total GCA of 198.4 million hectares.
According to media report, GST (Goods and Services Tax) Council may
soon give relief to businesses having zero tax liability for six consecutive
months under GST. The council at its next meeting may propose that such
entities file returns only twice a year. Recent data showed that as much as
40% of return filed under GST regime have nil tax liability.
Markets for You
Indian equity market started on a weak note but pared the losses at day
end after reports suggested that the U.S. and China are likely to negotiate
about the prospective U.S. tariff imposition on Chinese exports. This has
reduced fears of a probable global trade war. Meanwhile, according to the
finance minister, India is expected to double the size of its economy by
2025 and the inflation target will be within the limit as set by the central
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.44% and
1.33% to close at 33,066.41 and 10,130.65, respectively. S&P BSE Mid-Cap
and S&P BSE Small-Cap moved up 1.19% and 0.73%, respectively.
The overall market breadth on BSE was weak with 1573 scrips declining
and 1184 scrips advancing. A total of 170 scrips remained unchanged.
On the BSE sectoral front, barring, S&P BSE IT (-0.68 %), S&P BSE Oil &
Gas (-0.31%) and S&P BSE Teck (-0.08%), all the other indices closed in the
green. S&P BSE Bankex (2.3%) stood as the major gainer followed by S&P
BSE Metal (2.27%) and S&P BSE Finance (2.26%).
Asian markets witnessed a mixed trend amid heightened risk of
probable trade war between U.S. and China following hike in tariff.
Meanwhile, some respite was seen following the news that the U.S.
agreed to exempt South Korea from steel tariffs. Today (As of Mar 27),
Asian markets opened higher following gains in the Wall Street’s last
session amid easing concern about a potential trade war. Both Nikkei and
Hang Seng rose 1.73% and 1.43%, respectively (as at 8.a.m. IST).
As per the last close, European markets ended lower after the U.S. and
several European Union nations expelled Russian diplomats in a show of
solidarity with the U.K. However, easing concern about a potential trade
war restricted the losses.
As per the last close, U.S markets ended in green after U.S. Treasury
Secretary said it is hopeful that a trade agreement between U.S. and
China can be reached. Thereby, easing concerns about a potential trade
FII Derivative Trade Statistics 26-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 2954.32 4964.45 23391.79
Index Options 90229.86 90071.96 73362.84
Stock Futures 16320.86 16560.30 75065.74
Stock Options 7134.78 7033.16 7917.14
Total 116639.82 118629.87 179737.51
26-Mar Prev_Day
Put Call Ratio (OI) 1.15 1.04 0.10
Indian Debt Market
Put Call Ratio(Vol) 0.87 0.81 0.06
26-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 5.98% 5.91% 5.97% 5.88%
CBLO 5.80% 5.96% 5.91% 5.80%
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% 6.13% 6.28% 5.82%
364 Day T-Bill 6.47% 6.50% 6.62% 6.00%
10 Year Gilt 7.62% 7.61% 7.69% 6.83%
G-Sec Vol. (Rs.Cr) 16519 34854 22590 21016
Currency Market Update
1 Month CP Rate 7.75% 7.69% 6.88% 6.63%
3 Month CP Rate 7.39% 7.24% 7.90% 6.65%
5 Year Corp Bond 7.91% 7.95% 8.00% 7.53%
1 Month CD Rate 7.21% 6.83% 6.25% 6.27%
3 Month CD Rate 7.07% 6.79% 7.26% 6.30%
1 Year CD Rate 7.38% 7.26% 7.53% 6.75%
Commodity Market Update
Currency 26-Mar Prev_Day
USD/INR 64.91 65.13 -0.23
GBP/INR 91.87 91.96 -0.09
EURO/INR 80.26 80.34 -0.08
International News
JPY/INR 0.62 0.62 0.00
Commodity 26-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 65.48 62.00 63.80 47.25
Brent Crude($/bl) 68.40 64.36 68.30 49.91
Gold( $/oz) 1353 1317 1333 1244
Gold(Rs./10 gm) 30756 30154 30573 28787
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
27 March 2018
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields rose before the release of the details of government’s half
borrowing calendar. Rise in crude oil prices and sluggish demand in the
state development auction also lowered the appetite for bonds.
Post market hours, RBI announced that the government will borrow
Rs. 2.88 lakh crore as per the calendar for marketable dated securities
for Apr - Sep 2018. Apart from the normal maturity range (5-9 years, 10-
14 years, 15-19 year and 20 years & above) government will also issue,
maturity papers in the range of 1 to 4 years.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 6 bps to
close at 7.62% from the previous close of 7.56%. During the session,
bond yields traded in the range of 7.56% and 7.63%.
According to data from the Commerce Department, new home sales in
U.S. declined 0.6% to an annual rate of 618,000 in Feb 2018 from an
upwardly revised 622,000 in Jan 2018. The decrease in new home sales
was due to a sharp decline in sales in the West by 17.6% and 3.7%
decline in Midwest. However, new home sales in the South and
Northeast rose 9.0% and 19.4%, respectively.
According to data from the Commerce Department, U.S. manufactured
durable goods rose more than expected by 3.1% in Feb 2018 from 3.5%
decline in Jan 2018. The more than expected growth in durable goods
orders was partly due to a significant rebound in orders for
transportation equipment.
Markets for You
Nifty Mar 2018 Futures were at 10146.2 points, a premium of 15.55
points, above the spot closing of 10,130.65. The turnover on NSE’s
Futures and Options segment went up from Rs. 7,84,703.84 crore on Mar
23 to Rs. 9,32,469.84 crore on Mar 26.
The Put-Call ratio, stood at 0.82 against previous session’s close of 0.77.
The Nifty Put-Call ratio stood at 1.15 against the previous session’s
close at 1.04.
India VIX moved down 2.25% to 15.1950 from 15.5450 in the previous
trading session.
Open interest on Nifty Futures stood at 28.26 million as against the
previous session’s close of 28.76 million.
The Indian rupee gained against the U.S dollar for the third consecutive
session following drop in greenback globally amid trade war fears in the
wake of likely protectionist policies by the U.S., which can negatively
impact global growth. The rupee rose 0.22% to close at 64.87 per dollar
from the previous close of 65.01.
Euro was trading higher for the second straight session against the U.S
dollar as investors remained wary about the greenback's outlook against
the backdrop of concerns over a possible trade war. Euro was trading at
$1.2401 compared with the previous close of $1.2351.
Gold prices inched up on weaker dollar against the euro. However,
upside was limited on news that U.S. and China might negotiate over the
probable U.S. tariff plans on Chinese exports.
Brent crude prices gained on expectations that the OPEC and Russia
could extend the production cut into 2019.
Thank you for
your time.