04 May 2018
Markets for You
Global Indices
Global Indices 03-May Prev_Day Abs. Change
% Change
#
Dow Jones 23,930 23,925 5 0.02
Nasdaq 7,088 7,101 -13 -0.18
FTSE 7,503 7,543 -41 -0.54
Nikkei Closed 22,473 NA NA
Hang Seng 30,313 30,724 -411 -1.34
Indian Indices 03-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,103 35,176 -73 -0.21
Nifty 50 10,680 10,718 -38 -0.36
Nifty 100 11,051 11,106 -55 -0.49
Nifty Bank 25,605 25,568 37 0.14
SGX Nifty 10,690 10,745 -55 -0.51
S&P BSE Power 2,209 2,214 -5 -0.21
S&P BSE Small Cap 18,036 18,190 -154 -0.84
S&P BSE HC 13,992 14,016 -24 -0.17
Date P/E Div. Yield P/E Div. Yield
3-May 23.74 1.15 26.51 1.20
Month Ago 23.04 1.16 25.43 1.25
Year Ago 22.69 1.39 23.65 1.23
Nifty 50 Top 3 Gainers
Company 03-May Prev_Day
% Change
#
Sun Pharma 536 515 4.04
Bharti Infratel 325 314 3.55
NTPC 174 170 2.29
Nifty 50 Top 3 Losers Domestic News
Company 03-May Prev_Day
% Change
#
HCL Tech 926 1001 -7.48
United Phos 708 733 -3.48
Aurobindo Pharma 619 633 -2.31
Advance Decline Ratio
BSE NSE
Advances 780 467
Declines 1900 1334
Unchanged 119 76
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 7584
MF Flows** 46112
*3
rd
May 2018; **2
nd
May 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)
04 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
Nifty
8.50%
(Nov-17)
6.50%
(Sep-17)
Quarter Ago
Inflow/Outflow
359
-346
5.21%
(Dec-17)
• Indian equity markets closed in the red. Global markets remained
subdued due to expectation of increase in interest rates by U.S Federal
Reserve in coming months. Further, reports that the U.S. is considering
taking action to confine some Chinese companies’ ability to sell telecoms
equipment in U.S. weighed on the market sentiment. Additionally,
market participants awaited the outcome of trade negotiations between
U.S. and China.
• Decline in IT stocks after an IT major plunged on announcement of
subdued guidance for organic revenue growth added to the losses.
Meanwhile, decline in a pharma major after it received seven
observations for its Bangalore facility led to further losses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.21% and
0.36% to close at 35,103.14 and 10,679.65, respectively. S&P BSE Mid-
Cap and S&P BSE Small-Cap fell 1.16% and 0.84%.
• The overall market breadth on BSE was weak with 1,900 scrips
declining and 780 scrips advancing. A total of 119 scrips remained
unchanged.
• Additional risk management measures have been put in place by the
Securities and Exchange Board of India (SEBI) for the derivatives
segment. To be effective from Jun 1, 2018, these measures are related to
margin collection requirement and computation of liquid net worth for
the equity derivatives segment. As per the provisions with regards to
client's margin collection requirement, the clearing members or trading
members should include initial margin, exposure margin or extreme loss
margin, calendar spread margin and mark to market settlements. Also,
SEBI stated that client margins need to be collected mandatorily and be
conveyed to the exchange or clearing corporation.
• The union cabinet has approved the continuation of the Pradhan
Mantri Swasthya Suraksha Yojana (PMSSY) beyond 12th Five Year Plan to
2019-20. This comes as a major boost to the expansion of health care
infrastructure in the country. The PMSSY, the central sector scheme with
an outlay of Rs. 14,832 crore has the objective of making alterations to
the disparities with regards to the availability of affordable tertiary
health care facilities in different parts of the country. Also, particularly in
under-served states, it aims at enhancing facilities for quality medical
education.
• Vedanta posted consolidated profit of Rs. 4,802 crore for the quarter
ended Mar 31, 2018, up 81% YoY from Rs. 2,647 crore in the previous
year period. Consolidated revenue for the quarter grew 17% to Rs.
27,630 crore driven by higher volume from oil & gas, aluminium,
domestic copper business and improved commodity prices.
• Honda Motorcycle and Scooter India’s volumes reached 681,888 units
in Apr 2018, up 18% YoY. With this the company crossed the milestone
of monthly sales of 6 lakh units for the first time.
• Edelweiss Financial Services’ consolidated net profit surged 46% YoY to
Rs. 248.22 crore for the quarter ended Mar 2018. The significant increase
in consolidated net profit was driven by higher income from fee and
insurance premium as well as fund-based activities.
• Asian markets traded in mixed after the U.S. Fed in its monetary policy
meeting decided to maintain status-quo as widely expected and trade
tension between U.S. and China eased after a senior U.S. official arrived in
China for trade talks. However, negative cues from overnight U.S. market
and probable rate hike by Fed in Jun, limited the upside. Japanese market
remained closed due to public holiday. Today (as of May 4), Asian markets
opened lower. Investors focused on trade talks between U.S. and China
and awaited some key economic data scheduled later in the day. Hang
seng fell 0.87% (as at 8.a.m. IST). Nikkei remained closed.
• As per the last close, European markets ended lower following
unexpected decline in Eurozone’s inflation in Apr 2018, thereby leading to
questions about ECB’s plan to scale back its stimulus program. Weak
performance on Wall Street further weighed on investor sentiment.
• As per the last close, U.S markets ended almost on a lower note due to
trade and geopolitical concerns. Widened trade deficit with China in Mar
2018 and reports showing bigger than expected slowdown in service
sector growth in Apr 2018 added to the losses.
Markets for You
FII Derivative Trade Statistics 03-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 2133.20 2458.21 13300.41
Index Options 83378.96 83471.77 61455.30
Stock Futures 9685.56 10162.43 80039.55
Stock Options 6223.34 6230.17 4774.72
Total 101421.06 102322.58 159569.98
03-May Prev_Day
Change
Put Call Ratio (OI) 1.50 1.52 -0.02
Indian Debt Market
Put Call Ratio(Vol) 0.98 1.11 -0.12
03-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.91% 5.88% 5.93% 5.99%
CBLO 5.90% 5.94% 5.68% 6.06%
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% 6.19% 5.83% 6.23%
364 Day T-Bill 6.58% 6.51% 6.39% 6.42%
10 Year Gilt 7.73% 7.76% 7.33% 6.95%
G-Sec Vol. (Rs.Cr) 21113 31280 39408 29801
Currency Market Update
FBIL MIBOR 6.00% 6.00% 6.00% 6.25%
3 Month CP Rate 7.60% 7.35% 6.75% 6.75%
5 Year Corp Bond 8.44% 8.41% 8.01% 7.52%
1 Month CD Rate 6.64% 6.61% 6.34% 6.18%
3 Month CD Rate 7.12% 7.07% 6.54% 6.40%
1 Year CD Rate 7.84% 7.60% 7.13% 6.70%
Commodity Market Update
Currency 03-May Prev_Day
Change
USD/INR 66.61 66.66 -0.05
GBP/INR 90.60 90.66 -0.06
EURO/INR 79.86 80.01 -0.15
International News
JPY/INR 0.61 0.61 0.00
Commodity 03-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 68.40 68.17 63.40 47.74
Brent Crude($/bl) 74.44 76.13 66.28 48.11
Gold( $/oz) 1311 1317 1332 1238
Gold(Rs./10 gm) 30905 31289 30684 28563
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
04 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 10,706.50 points, a premium of 26.85
points, above the spot closing of 10,679.65. The turnover on NSE’s
Futures and Options segment went up to Rs. 11,81,312.07 crore on May
3 from Rs. 6,80,406.73 crore on May 2.
• The Put-Call ratio stood at 0.97 against previous session’s close of
0.94.
• The Nifty Put-Call ratio stood at 1.50 against the previous session’s
close of 1.52.
• Open interest on Nifty Futures stood at 24.56 million as against the
previous session’s close of 24.55 million.
• Bond yields closed unchanged as market participants remained
cautious ahead of weekly auction of government securities on Friday.
Meanwhile, the U.S. Federal Reserve kept interest rates steady as per
market expectation.
• Yield on the 10-year benchmark paper (7.17% GS 2028) remained
unchanged at 7.73% from the previous close. During the session, bond
yields traded in the range of 7.68% and 7.75%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,735 crore (gross) on May 03 compared with
Rs. 3,800 crore on May 02. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 11,148 crore on May 02.
• Banks borrowed Rs. 850 crore under the central bank’s Marginal
Standing Facility on May 02 compared with Rs. 3,115 crore borrowing on
May 01.
• The Indian rupee closed almost steady against the greenback as
market participants remained on the sidelines ahead of key U.S. non-
farm payroll data for Apr 2018. The rupee inched up 0.02% to close at
66.64 from the previous close of 66.66.
• The euro rose against the greenback after the U.S. Federal Reserve
kept its monetary policy on hold. However, gains were capped after
euro zone inflation in Apr 2018 came below market expectations. Euro
rose 0.20% and was trading at $1.1974, up from the previous close of
1.1950.
• Gold prices continued with the upwards trend ahead of 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.
• The U.S. Federal Reserve (Fed) in its monetary policy meeting decided
to maintain the target range for the federal funds rate to 1.50%-1.75%.
However, with Fed’s expectation of two more rate hikes in 2018 driven
by underlying strength in the U.S. economy, a rate hike is again expected
in Jun 2018. Also, Fed indicated that wages and prices are now growing
at 2% a year.
• According to data from IHS Markit, U.K. service Purchasing Managers'
Index (PMI) rose but less than expected to 52.8 in Apr 2018 from 51.7 in
Mar 2018.
• According to data from European Commission, euro area is projected
to grow at 2.3% in 2018 and 2% in 2019, same as projected earlier.
Markets for You
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