28 Mar 2018
Markets for You
Global Indices
Global Indices 27-Mar Prev_Day Abs. Change
% Change
Dow Jones 23,858 24,203 -345 -1.43
Nasdaq 7,009 7,221 -212 -2.93
FTSE 7,000 6,889 111 1.62
Nikkei 21,317 20,766 551 2.65
Hang Seng 30,791 30,549 242 0.79
Indian Indices 27-Mar Prev_Day Abs. Change
% Change
S&P BSE Sensex 33,174 33,066 108 0.33
Nifty 50 10,184 10,131 54 0.53
Nifty 100 10,557 10,498 59 0.56
Nifty Bank 24,434 24,244 190 0.78
SGX Nifty 10,195 10,181 14 0.14
S&P BSE Power 2,148 2,133 15 0.71
S&P BSE Small Cap 17,153 16,923 230 1.36
S&P BSE HC 13,309 13,186 122 0.93
Date P/E Div. Yield P/E Div. Yield
27-Mar 22.93 1.17 24.70 1.29
Month Ago 23.95 1.15 25.87 1.12
Year Ago 22.43 1.40 23.49 1.23
Nifty 50 Top 3 Gainers
Company 27-Mar Prev_Day
% Change
Indian Oil 175 167 4.58
HPCL 347 333 4.08
Hindalco 219 211 3.78
Nifty 50 Top 3 Losers Domestic News
Company 27-Mar Prev_Day
% Change
GAIL 321 425 -24.51
Bharti Infratel 337 344 -2.15
Bharti Airtel 413 422 -1.97
Advance Decline Ratio
Advances 1852 1317
Declines 806 477
Unchanged 149 61
Institutional Flows (Equity)
Description (Cr)
FII Flows* 13305
MF Flows** 30162
Mar 2018; **26
Mar 2018
Economic Indicator
YoY(%) Current Year Ago
28 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
Goods and Services Tax (GST) collections fell for the second consecutive
month to Rs. 85,174 crore in Feb 2018 (received till Mar 26). Lower
collections resulted because 69% or around 59.51 lakh (GSTR 3B returns)
of assesses filed returns till Mar 25. GST collections in Jan 2018 were Rs.
86,318 crore while in Dec 2017 and Nov 2017 it was Rs. 88,929 crore and
Rs. 83,716 crore, respectively.
A Niti Aayog committee has suggested some measures to encourage
gold sector which include, reduction of the import duty on gold, setting up
jewellery parks and form a regulatory body for the gold industry. The
committee gave 84 recommendations with a three month to one-year
timeline for implementation. The committee is headed by the Principal
Adviser of the Niti Aayog.
The Securities and Exchange Board of India (SEBI) is planning to put in
place a stronger mechanism to check non-compliance of listing conditions.
Under the proposed framework, the exchanges would have the power to
freeze the entire shareholding of the promoter and promoter group in
non-compliant listed entity also holding in other securities. The proposal
would be discussed this week at SEBI’s board meeting.
Government has simplified and trimmed the number of columns of the
complaint form used by consumers to report any profiteering activity by
businesses post GST rollout. The number of columns in the simplified
single-page form have been lowered to 16 compared with 44 columns
earlier. The move to simplify the form followed numerous representations
received by the standing committee red flagging the complicated nature
of the form.
According to the media reports, the Insolvency and Bankruptcy Code
(IBC) review panel has called for sweeping changes in the law that aims at
easing insolvency rules for small enterprises. Also, these changes would
provide relief to home buyers by treating them as financial creditors while
deeming the amount raised from them for real estate projects as financial
Markets for You
Indian equity market gained for the second consecutive session after
taking cues from the global peers which moved up on easing concerns
over prospective global trade war. Sentiments also got support as
government has announced lower-than-expected borrowing programme
for the first half of the fiscal year 2019 as the government will borrow Rs.
2.88 lakh crore during Apr-Sep period. However, upside was limited ahead
of the expiry of the current month’s futures and options contracts.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.33% and
0.53% to close at 33,174.39 and 10,184.15, respectively. S&P BSE Mid-Cap
and S&P BSE Small-Cap moved up 1.06% and 1.36%, respectively.
The overall market breadth on BSE was strong with 1852 scrips
advancing and 806 scrips declining. A total of 149 scrips remained
On the BSE sectoral front, barring, S&P BSE telecom (-1.38%), all the
sectors moved up. S&P BSE Metal (1.68%) stood as the major gainer
followed by S&P BSE Basic Materials (1.38%) and S&P BSE Oil & Gas
(1.06%). S&P BSE HC and S&P BSE BANKEX (0.93%) also gained.
Asian markets went up amid easing concerns over potential trade war
following reports that the U.S. and China are willing to negotiate trade-
related issues. Today (As of Mar 28), Asian markets opened lower
following losses in the Wall Street’s last session due to declines in
technology names. Both Nikkei and Hang Seng fell 2.07% and 0.88%,
respectively (as at 8.a.m. IST).
As per the last close, European markets ended higher as concerns over a
potential trade war between the U.S. and China have eased.
As per the last close, U.S markets ended lower, erasing earlier gains,
significantly due to decline in the broader tech sector as a major tech
company’s fallout from the data scandal continued.
FII Derivative Trade Statistics 27-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 6614.80 8629.48 24240.18
Index Options 94865.09 94120.63 75151.91
Stock Futures 29233.79 29272.75 77355.80
Stock Options 7426.67 7409.49 7877.99
Total 138140.35 139432.35 184625.88
27-Mar Prev_Day
Put Call Ratio (OI) 1.15 1.15 0.00
Indian Debt Market
Put Call Ratio(Vol) 1.00 0.87 0.13
27-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 6.00% 5.92% 5.93% 5.96%
CBLO 5.91% 5.83% 5.89% 5.83%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.11% 6.06% 6.26% 5.80%
364 Day T-Bill 6.47% 6.45% 6.50% 5.90%
10 Year Gilt 7.33% 7.62% 7.67% 6.71%
G-Sec Vol. (Rs.Cr) 61226 25012 24462 51905
Currency Market Update
1 Month CP Rate 7.74% 7.76% 6.89% 6.56%
3 Month CP Rate 7.39% 7.25% 7.90% 6.65%
5 Year Corp Bond 7.77% 7.95% 8.00% 7.46%
1 Month CD Rate 7.25% 6.89% 6.24% 6.21%
3 Month CD Rate 7.10% 6.82% 7.25% 6.30%
1 Year CD Rate 7.39% 7.27% 7.56% 6.69%
Commodity Market Update
Currency 27-Mar Prev_Day
USD/INR 64.80 64.91 -0.11
GBP/INR 92.26 91.87 0.39
EURO/INR 80.76 80.26 0.51
International News
JPY/INR 0.61 0.62 0.00
Commodity 27-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 65.20 63.36 62.93 46.97
Brent Crude($/bl) 68.22 65.24 68.23 50.06
Gold( $/oz) 1344 1311 1318 1254
Gold(Rs./10 gm) 30718 30251 30496 28905
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
28 March 2018
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields plunged after the federal government moved to ease debt
supply burden in the first six months of the next financial year. The
government announced that India will sell bonds worth Rs. 2.88 trillion
in Apr 2018-Sep 2018 accounting to only 47.56% of the government’s
budgeted fiscal-year borrowing which is much lower than 60%-65% in
the last five years.
Yield on the 10-year benchmark paper (7.17% GS 2028) plunged 29 bps
to close at 7.33% from the previous close of 7.62%. During the session,
bond yields traded in the range of 7.56% and 7.63%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 8,427 crore (gross) on Mar 27 compared with
Rs. 4,465 crore on Mar 26. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 34,659 crore on Mar 26.
A report from the European Central Bank showed that eurozone’s
broad monetary aggregate M3 grew 4.2% year-on-year in Feb 2018,
down from 4.5% increase witnessed in Jan 2018. The narrow measure,
M1 grew 8.4% in Feb as against a gain of 8.8% in Jan.
According to a report from the European Commission, eurozone’s
economic confidence index fell more-than-market expectations to 112.6
in Mar 2018 from 114.2 in Feb 2018. This marked the third consecutive
month of decline and lowest reading since Sep 2017. The downside
reflects drops in industry, services and retail trade.
Markets for You
Nifty Mar 2018 Futures were at 10178.95 points, a discount of -5.20
points, below the spot closing of 10,184.15. The turnover on NSE’s
Futures and Options segment went up from Rs. 9,32,469.84 crore on Mar
26 to Rs. 11,31,391.77 crore on Mar 27.
The Put-Call ratio, stood at 0.91 against previous session’s close of 0.82.
The Nifty Put-Call ratio remained unchanged at 1.15 against the
previous session’s close.
India VIX moved up 2.34% to 15.5500 from 15.1950 in the previous
trading session.
Open interest on Nifty Futures stood at 28.88 million as against the
previous session’s close of 28.26 million.
The Indian rupee fell against the U.S. dollar as greenback demand by
importers outweighed initial gains due to improved risk appetite amid
reports of trade negotiations between the U.S. and China. The rupee fell
0.17% to close at 64.98 per dollar from the previous close of 64.87.
The euro was trading lower against the U.S dollar as concerns about
weak inflation and a slowdown in company borrowing raised questions
about the eurozone's economic growth rate. Euro was trading at $1.2401
compared with the previous close of $1.2442.
Gold prices moved down on easing concerns over the prospective trade
war between the U.S. and China.
Brent crude prices gained on rising geopolitics tension and on
expectations that the OPEC might extend the production cut deal to
combat the supply glut.
Thank you for
your time.