02 May 2018
Markets for You
Global Indices
Global Indices 01-May Prev_Day Abs. Change
% Change
Dow Jones 24,099 24,163 -64 -0.27
Nasdaq 7,131 7,066 64 0.91
FTSE 7,520 7,509 11 0.15
Nikkei 22,508 Closed NA NA
Hang Seng Closed 30,808 NA NA
Indian Indices 30-Apr Prev_Day Abs. Change
% Change
S&P BSE Sensex 35,160 34,970 191 0.55
Nifty 50 10,739 10,692 47 0.44
Nifty 100 11,146 11,095 51 0.46
Nifty Bank 25,532 25,395 137 0.54
SGX Nifty 10,790 10,749 41 0.38
S&P BSE Power 2,238 2,218 20 0.89
S&P BSE Small Cap 18,402 18,240 162 0.89
S&P BSE HC 14,154 14,036 118 0.84
Date P/E Div. Yield P/E Div. Yield
30-Apr 23.83 1.12 26.66 1.19
Month Ago 22.66 1.18 24.66 1.29
Year Ago 22.49 1.37 23.63 1.23
Nifty 50 Top 3 Gainers
Company 30-Apr Prev_Day
% Change
Yes Bank 362 349 3.75
HUL 1509 1474 2.37
Ambuja Cem 251 245 2.35
Nifty 50 Top 3 Losers Domestic News
Company 30-Apr Prev_Day
% Change
Axis Bank 517 539 -4.06
RIL 963 996 -3.31
United Phos 730 754 -3.25
Advance Decline Ratio
Advances 1379 966
Declines 1279 840
Unchanged 149 84
Institutional Flows (Equity)
Description (Cr)
FII Flows* 8846
MF Flows** 43895
Apr 2018; **25
Apr 2018
Economic Indicator
YoY(%) Current Year Ago
02 May 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
Strong buying interest in banking and technology stocks helped key
benchmark indices to close the session at a nearly three-month high.
Two industry majors in the financial sector posted encouraging quarterly
earnings. Gains on the global front following easing geopolitical concerns
in the Korean Peninsula boosted the indices further. Upside was
restricted by lower than expected quarterly earnings of an index
heavyweight’s subsidiary.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.55% and
0.44% to close at 35,160.36 and 10,739.35, respectively. S&P BSE Mid-
Cap and S&P BSE Small-Cap grew 0.56% and 0.89%.
The overall market breadth on BSE was strong with 1,379 scrips
advancing and 1,279 scrips declining. A total of 149 scrips remained
On the BSE sectoral front, S&P BSE Realty was the major gainer, up
1.50%, followed by S&P BSE Capital Goods that grew 1.48%. S&P BSE
Information Technology and S&P BSE FMCG grew 1.44% and 1.35%,
respectively. S&P BSE Energy was the major loser, down 1.99%, followed
by S&P BSE Oil & Gas that fell 1.08%.
The Reserve Bank of India (RBI) eased norms for External Commercial
Borrowings (ECBs) by coming out with an all-in-cost ceiling. This all-in-
cost ceiling for ECBs was made uniform and fixed at 450 basis points
above the benchmark London Interbank Offer Rate (LIBOR). By this RBI
did away with the concept of different slabs for different maturities. The
central bank also liberalized the ECB framework by expanding the list of
eligible borrowers to housing-finance companies and port trusts and
they would not need approval from RBI. RBI also increased the liability-
to-equity ratio for ECB raised from direct foreign equity holder under the
automatic route to 7:1.
According to the media reports, Indian e-commerce platforms need to
make preparations for withholding tax provisions in two months under
the Goods and Services Tax (GST). The provisions may come into effect
from Jul 1 as the GST regime seems to be stabilizing. The objective of the
move is to put a check on tax evasion.
According to media reports, the ministry of commerce has asked the
Food Safety and Standards Authority of India and customs authorities to
bring down the import clearance time of food cargoes. The objective of
the move is to promote ease of doing business within the country at the
trade front. Presently, five to eight days are required to get import
clearance for a food consignment. The commerce ministry in this regard
has asked FSSAI and custom authorities to bring down the import
clearance time for a food consignment to 48 hours.
HDFC Bank recorded rise in standalone net profit by 39% YoY to Rs.
2,846.22 crore in the quarter ended Mar 2018 as compared with Rs.
2,044.22 crore posted a year ago. The bank’s net interest income rose
12.4% YoY to Rs. 3,617 crore as compared with Rs. 3,216 crore in the
quarter ended Mar 2017.
According to media reports, State Bank of India is in the process of a
major debt restructuring and taking over stressed assets of the power
generating firms. The bank thinks that an easy resolution process, proper
valuation and incentives might attract new owners for those assets.
Global equity edged higher despite thin trading volume as majority of
the Asian markets remained closed on Labour Day holiday. Investors took
positive cues after U.S. President gave a 30-day extension of the deadline
on steel and aluminium tariff exemptions. Today (as of May 2), Asian
markets opened mixed following mixed close on Wall Street in the last
session. Decline in mining and oil sub-indexes led to losses. Hang seng
and Nikkei fell 0.39% and 0.24%, respectively (as at 8.a.m. IST).
As per the last close, European markets ended slightly higher as most of
the markets remained closed with thin trading volume for the markets
that were open. Gains in one of the online food order company driven by
strong order growth in the first quarter boosted the indices.
As per the last close, U.S markets ended on a mixed note as investors
remained cautious ahead of the monetary policy announcement by the
U.S. Fed on May 2. Gains in one of the U.S. tech majors ahead of its
earnings results boosted the indices. However, decline in one of the U.S.
pharma majors on weak sales in the first quarter capped the gains.
Markets for You
FII Derivative Trade Statistics 30-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 2648.83 1979.72 12810.35
Index Options 59017.38 59161.39 55381.48
Stock Futures 11239.59 10130.87 78256.39
Stock Options 7697.16 7781.05 3052.25
Total 80602.96 79053.03 149500.47
30-Apr Prev_Day
Put Call Ratio (OI) 1.53 1.52 0.01
Indian Debt Market
Put Call Ratio(Vol) 1.21 1.12 0.10
30-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate Closed 5.90% 7.57% 6.03%
CBLO Closed 5.99% 6.24% 5.44%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 6.00%
91 Day T-Bill Closed 6.13% 6.11% 6.18%
364 Day T-Bill Closed 6.00% 6.47% 6.42%
10 Year Gilt Closed 7.74% 7.40% 6.96%
G-Sec Vol. (Rs.Cr) Closed 43122 61226 30634
Currency Market Update
FBIL MIBOR Closed 6.00% 9.39% 6.18%
3 Month CP Rate Closed 7.15% 7.40% 6.75%
5 Year Corp Bond Closed 8.44% 8.04% 7.48%
1 Month CD Rate Closed 6.58% 7.23% 6.16%
3 Month CD Rate Closed 6.69% 6.98% 6.37%
1 Year CD Rate Closed 7.45% 7.33% 6.69%
Commodity Market Update
Currency 30-Apr Prev_Day
USD/INR Closed 66.78 Closed
GBP/INR Closed 92.89 Closed
EURO/INR Closed 80.74 Closed
International News
JPY/INR Closed 0.61 Closed
Commodity 01-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 67.23 67.64 64.86 49.26
Brent Crude($/bl) 75.74 76.60 68.21 50.15
Gold( $/oz) 1304 1330 1324 1268
Gold(Rs./10 gm)* 31029 31131 30630 28887
Source: Thomson Reuters Eikon
*Value as on 30 Apr,2018
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
02 May 2018
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty May 2018 Futures were at 10,780.30 points, a premium of 40.95
points, above the spot closing of 10,739.35. The turnover on NSE’s
Futures and Options segment went down to Rs. 4,32,407.89 crore on
Apr 30 from Rs. 4,96,948.05 crore on Apr 27.
The Put-Call ratio stood at 1.07 against previous session’s close of
The Nifty Put-Call ratio stood at 1.53 against the previous session’s
close of 1.52.
Open interest on Nifty Futures stood at 24.57 million as against the
previous session’s close of 24.12 million.
The domestic debt market remained closed on account of Buddha
The domestic currency market remained closed on account of Buddha
The euro weakened against the greenback as market participants
perceived that the European Central Bank may go slow in tightening its
monetary stimulus program. Euro fell 0.38% and was trading at $1.2031,
down 0.38% from the previous close of 1.2077.
Gold prices traded lower ahead of the outcome of a two-day U.S.
Federal Reserve policy meeting scheduled to conclude on May 2.
Brent crude prices traded lower after U.S. crude oil production surged
2.60 lakh barrels per day to record high of 10.26 million barrels per day
in Feb 2018.
According to a report by the National Association of Realtors, U.S.
pending home sales index rose less than expected by 0.4% to 107.6 in
Mar 2018 following a downwardly revised 107.2 in Feb 2018.
According to data from Markit, U.K.’s manufacturing Purchasing
Managers' Index (PMI) fell to 53.9 in Apr 2018, slowest since Mar 2012,
from 54.9 in Mar 2018. The slowdown in U.K. manufacturing PMI limited
the possibility for a near-term rate hike by the Bank of England.
According to preliminary data from Destatis, Germany’s consumer
price inflation rose 1.6% YoY in Apr 2018, similar to that of Mar 2018.
Markets for You
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