03 May 2018
Markets for You
Global Indices
Global Indices 02-May Prev_Day Abs. Change
% Change
#
Dow Jones 23,925 24,099 -174 -0.72
Nasdaq 7,101 7,131 -30 -0.42
FTSE 7,543 7,520 23 0.30
Nikkei 22,473 22,508 -35 -0.16
Hang Seng 30,724 Closed NA NA
Indian Indices 02-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,176 35,160 16 0.05
Nifty 50 10,718 10,739 -21 -0.20
Nifty 100 11,106 11,146 -40 -0.36
Nifty Bank 25,568 25,532 37 0.14
SGX Nifty 10,745 10,790 -46 -0.42
S&P BSE Power 2,214 2,238 -24 -1.09
S&P BSE Small Cap 18,190 18,402 -212 -1.15
S&P BSE HC 14,016 14,154 -138 -0.97
Date P/E Div. Yield P/E Div. Yield
2-May 23.74 1.15 26.60 1.20
Month Ago 22.94 1.17 25.35 1.26
Year Ago 22.87 1.37 23.66 1.23
Nifty 50 Top 3 Gainers
Company 02-May Prev_Day
% Change
#
Kotak Bank 1257 1211 3.78
ITC 287 281 2.06
Asian Paints 1222 1202 1.71
Nifty 50 Top 3 Losers Domestic News
Company 02-May Prev_Day
% Change
#
Vedanta 283 298 -5.03
HCL Tech 1001 1053 -4.96
Tata Steel 575 595 -3.44
Advance Decline Ratio
BSE NSE
Advances 900 533
Declines 1810 1291
Unchanged 109 77
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 7931
MF Flows** 44537
*2
nd
May 2018; **26
th
Apr 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
4.28%
(Mar-18)
3.89%
(Mar-17)
IIP
7.10%
(Feb-18)
0.80%
(Feb-17)
GDP
7.20%
(Dec-17)
6.80%
(Dec-16)
03 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
Sensex
8.50%
(Nov-17)
6.50%
(Sep-17)
Quarter Ago
Inflow/Outflow
642
-916
5.21%
(Dec-17)
• After witnessing a brief gain during the session, domestic equity
market closed flat. Investors awaited more corporate earnings results
and the outcome of the U.S. Federal Reserve’s policy review meeting.
Although, the U.S. central bank is expected to hold interest rates
unchanged, investors remained cautious on future rate hike proposition
and outlook on inflation and unemployment. Mixed economic data also
restricted gains. Nikkei Manufacturing Purchasing Managers’ Index (PMI)
rose in Apr 2018 due to faster expansions in output and new orders.
However, growth of eight core sectors slowed to a 3-month low in Mar.
• Key benchmark indices S&P BSE Sensex inched up 0.05% and Nifty 50
fell 0.20% to close at 35,176.42 and 10,718.05, respectively. S&P BSE
Mid-Cap and S&P BSE Small-Cap fell 1.17% and 1.15%.
• On the BSE sectoral front, barring S&P BSE Energy (0.19%) and S&P BSE
Finance (0.01%), all the sectors closed in the red. S&P BSE Metal (-3.4%),
S&P BSE Basic Materials (-2.11%) and S&P BSE Realty (-1.75%) stood as
the major losers. S&P BSE Auto (-1.09%) sector also fell despite some of
the major companies reported improved sales number.
• The Nikkei Manufacturing Purchasing Managers’ Index (PMI) rose to
51.6 in Apr 2018 from 51.0 in Mar 2018 due to faster expansion in output
and new orders. This is the ninth consecutive monthly rise and output
growth has picked-up from the previous month. However, It remained
slightly below the average for the current nine-month period..
• Government data showed that the index of eight core industries grew
4.1% in Mar 2018 as against 5.4% in Feb 2018 (5.3% originally reported)
and 5.2% in Mar 2017. The slowdown in pace of growth reflects
significant slowdown in growth in refinery products and cement sector
that grew only 1% and 13% in Mar as against 7.8% and 23% in Feb,
respectively. However, coal sector witnessed significant increase to 9.1%
in Mar from 1.3% in Feb. Meanwhile, crude oil sector witnessed decline
of 1.6%. Data for Apr 2018 compared with Mar 2018 slowed to 4.2%
from 4.8%, YoY.
• The Reserve Bank of India has permitted foreign portfolio investors
(FPIs) to invest a fifth or 20% of their total corpus in less than one-year
residual debt papers of local companies. This thereby motivates Indian
corporates to capture the bond market for its working capital needs.
Before this announcement, FPI’s were only allowed to invest in corporate
bonds with minimum residual maturity of three years or above.
• Hero MotoCorp posted a net profit of Rs. 967.40 crore for the quarter
ended Mar 31, 2018, up 34.8% YoY as against a net profit of Rs. 717.75
crore in the year-ago quarter. Revenues grew 14.25% YoY to Rs. 8,564.04
crore for the same period as against Rs. 7,495.68 crore in the same
quarter last year.
• Profit of InterGlobe Aviation Ltd. that runs Indian airline IndiGo fell
73.3% YoY to Rs. 1.18 billion for the quarter ended Mar 31, 2018 as
against Rs. 4.39 billion in the year-ago period. The significant decline
reflected higher expenses.
• HCL Technologies’ consolidated net profit for the quarter ended Mar
31, 2018 fell 4.3% YoY to Rs. 2,227 crore, while it grew 1.5% on a
sequential basis.
• Majority of the Asian markets closed in the red. Investors refrained
from taking major moves ahead of the U.S. Federal Reserve's monetary
policy statement, scheduled later in the day. Today (as of May 3), Asian
markets opened mixed as investors remained focused on trade talks
between U.S. and China. Investors remained cautious ahead of a number
of earnings results. Hang seng fell 1.51% (as at 8.a.m. IST). Nikkei
remained closed.
• As per the last close, European markets ended higher following some
better than expected corporate earnings reports. Further, mining stocks
witnessed gains due to some positive Chinese economic data, thereby
boosting the indices.
• As per the last close, U.S markets ended almost on a lower note after
U.S. Federal Reserve indicated higher inflation ahead, thereby signaling
rate hike likely in Jun 2018. However, ADP report showing slightly better
than expected private sector employment data in Apr capped the losses.
Markets for You
FII Derivative Trade Statistics 02-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 1248.24 1018.84 13576.76
Index Options 43420.64 41219.18 58680.15
Stock Futures 7954.07 8345.98 79659.90
Stock Options 5808.23 5458.19 4004.87
Total 58431.18 56042.19 155921.68
02-May Prev_Day
Change
Put Call Ratio (OI) 1.53 1.52 0.00
Indian Debt Market
Put Call Ratio(Vol) 1.21 1.11 0.11
02-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.89% 5.88% 7.57% 6.00%
CBLO 5.87% 5.91% 6.24% 6.15%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 6.00%
91 Day T-Bill 6.23% 6.20% 6.09% 6.18%
364 Day T-Bill 6.57% 6.63% 6.40% 6.42%
10 Year Gilt 7.73% 7.74% 7.40% 6.99%
G-Sec Vol. (Rs.Cr) 14066 26253 37511 31021
Currency Market Update
FBIL MIBOR 6.00% 6.00% 9.39% 6.25%
3 Month CP Rate 7.55% 7.25% 7.40% 6.75%
5 Year Corp Bond 8.45% 8.41% 8.04% 7.48%
1 Month CD Rate 6.67% 6.64% 7.23% 6.17%
3 Month CD Rate 7.06% 6.71% 6.98% 6.39%
1 Year CD Rate 7.87% 7.61% 7.33% 6.69%
Commodity Market Update
Currency 02-May Prev_Day
Change
USD/INR 66.66 Closed Closed
GBP/INR 90.66 Closed Closed
EURO/INR 80.01 Closed Closed
International News
JPY/INR 0.61 Closed Closed
Commodity 02-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 67.86 67.99 63.04 47.60
Brent Crude($/bl) 74.03 74.53 68.21 48.60
Gold( $/oz) 1304 1323 1341 1257
Gold(Rs./10 gm) 30918 31304 30443 28634
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
03 May 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty May 2018 Futures were at 10739.4 points, a premium of 21.35
points, above the spot closing of 10,718.05. The turnover on NSE’s
Futures and Options segment went down to Rs. 6,80,406.73 crore on
May 2 from Rs. 4,32,407.89 crore on Apr 30.
• The Put-Call ratio stood at 0.94 against previous session’s close of
1.07.
• The Nifty Put-Call ratio stood at 1.52 against the previous session’s
close of 1.53.
• Open interest on Nifty Futures stood at 24.55 million as against the
previous session’s close of 24.57 million.
• Bond yields fell after the Reserve Bank of India relaxed rules for
foreign investment in government securities that increased expectations
of more inflows in near term.
• Yield on the 10-year benchmark paper (7.17% GS 2028) fell 4 bps to
close at 7.73% from the previous close of 7.77%. During the session,
bond yields traded in the range of 7.70% and 7.74%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,800 crore (gross) on May 02 compared with
Rs. 18,926 crore on Apr 27. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 24,820 crore on Apr 27.
• Banks borrowed Rs. 3,115 crore under the central bank’s Marginal
Standing Facility on Apr 27 compared with no borrowing on Apr 26.
• The Indian rupee closed almost steady against the greenback as gains
from the central bank’s move to ease norms for foreign investment in
bonds were neutralised by dollar demand from oil importers. The rupee
closed unchanged at 66.66 per dollar.
• The euro weakened against the greenback as market participants
awaited the outcome of the U.S. Federal Reserve monetary policy
review due May 2. Euro fell 0.18% and was trading at $1.1971, down
from the previous close of 1.1993.
• Gold prices inched up ahead of U.S. Federal Reserve’s (Fed) policy
decision and U.S. employment report for Apr 2018.
• Brent Crude prices fell after the American Petroleum Institute (API)
data indicated that U.S. oil inventories rose by 3.4 million barrels for the
week ending Apr 27.
• According to data from the Commerce Department, U.S. construction
spending fell unexpectedly by 1.7% to an annual rate of $1.285 trillion in
Mar 2018 as compared with 1% rise to a revised rate of $1.306 trillion in
Feb 2018. Slowdown in spending on private construction led to decline
of overall construction spending in U.S.
• According to data from the Institute for Supply Management, U.S.
manufacturing purchasing managers index (PMI) slowed more than
expected to 57.3 in Apr 2018 from 59.3 in Mar 2018.
• According to data from Eurostat, the jobless rate in euro area stood
unchanged at 8.5% in Mar 2018. The number of unemployed people
decreased by 83,000 from Feb 2018 to 13.82 million in Mar.
Markets for You
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