07 May 2018
Markets for You
Global Indices
Global Indices 04-May Prev_Day Abs. Change
% Change
#
Dow Jones 24,263 23,930 332 1.39
Nasdaq 7,210 7,088 121 1.71
FTSE 7,567 7,503 64 0.86
Nikkei Closed Closed NA NA
Hang Seng 29,927 30,313 -387 -1.28
Indian Indices 04-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,915 35,103 -188 -0.53
Nifty 50 10,618 10,680 -61 -0.57
Nifty 100 10,987 11,051 -65 -0.58
Nifty Bank 25,645 25,605 40 0.16
SGX Nifty 10,646 10,690 -45 -0.42
S&P BSE Power 2,191 2,209 -18 -0.81
S&P BSE Small Cap 17,991 18,036 -45 -0.25
S&P BSE HC 13,845 13,992 -147 -1.05
Date P/E Div. Yield P/E Div. Yield
4-May 23.50 1.16 26.36 1.21
Month Ago 22.78 1.18 25.14 1.27
Year Ago 22.83 1.38 23.77 1.23
Nifty 50 Top 3 Gainers
Company 04-May Prev_Day
% Change
#
Adani Ports & SEZ 408 397 2.83
GAIL 330 323 2.04
Tech Mahindra 663 653 1.49
Nifty 50 Top 3 Losers Domestic News
Company 04-May Prev_Day
% Change
#
Sun Pharma 518 536 -3.37
Bajaj Auto 2889 2975 -2.91
ITC 277 285 -2.75
Advance Decline Ratio
BSE NSE
Advances 1075 697
Declines 1631 1101
Unchanged 119 86
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 7495
MF Flows** 46112
*4
th
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)
07 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
-90
5.21%
(Dec-17)
• Indian equity markets closed on a lower note. Weak global cues
contributed to the losses as investors remained focused on the U.S.
China trade talks and remained cautious ahead of the release of U.S. jobs
report for Apr 2018. Karnataka state elections scheduled to be held on
May 12 also kept investors apprehensive. Decline in IT and pharma
stocks added to the worries. However, increase of Nikkei Services
Purchasing Managers' Index data to a three-month high in Apr 2018
capped the losses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.53% and
0.57% to close at 34,915.38 and 10,618.25, respectively. S&P BSE Mid-
Cap and S&P BSE Small-Cap fell 0.35% and 0.25%.
• The overall market breadth on BSE was weak with 1,631 scrips
declining and 1,075 scrips advancing. A total of 119 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Telecom was the major loser, down
1.24%, followed by S&P BSE Auto that fell 1.10%. S&P BSE Metal and S&P
BSE Healthcare fell 1.05% each. S&P BSE FMCG and S&P BSE Power fell
0.83% and 0.81%, respectively. S&P BSE Consumer Durables was the only
gainer, up 1.19%.
• Goods and Services tax (GST) council in its meeting on May 4 agreed to
the proposal to convert the GST Network into a government-owned
entity. The finance minister stated that the government will acquire the
50% stake in GST-Network and the states will hold the balance 50% on a
collective basis. The finance minister also stated that a single monthly
return filing system would come into effect in six months. However, the
council currently deferred the decision on imposing cess on sugar.
• The Nikkei Services Purchasing Managers' Index (PMI), stood at 51.4 in
Apr against 50.3 in Mar. This is the second consecutive month of rise.
Rise in business activity at a faster pace, supported by new order growth
helped the service sector to move up. Additionally, Nikkei India
Composite PMI Output Index rose from 50.8 to a three-month high of
51.9 in Apr.
• Data from RBI showed that India's foreign exchange reserves fell for
second consecutive week to $420.37 billion as on Apr 27 from $423.58
billion in the previous week. The decline reflects fall in foreign currency
assets that fell by $3.21 billion to $395.28 billion. Meanwhile, gold
reserves surged by $26.6 million to $21.51 billion.
• Philips Carbon Black, which according to media reports is India’s largest
carbon black producer, has decided to increase its existing capacity by
49% from the current 0.47 million tonnes (mt) to 0.70 mt in the next two
years.
• According to media reports, Flipkart Online Services Pvt. Ltd. has
approved an agreement to sell about 75% of the company to a Walmart
Inc.-led group for approximately $15 billion.
• According to media reports, Godrej Properties reported over two-fold
jump in its quarterly consolidated net profit, YoY. In Q4 F18, its net profit
stood at Rs. 1.41 billion compared with Rs. 625.9 million in Q4 FY17, on
account of higher sales.
• Power Grid Corporation of India has entered into an agreement with
the ministry of power to incur capital expenditure of Rs. 25,000 crore for
the current fiscal.
Markets for You
• Asian markets traded at subdued note as investors remained cautious
of outcome of U.S. and China trade talks and upcoming U.S. employment
data. Mixed cues from overnight U.S. market also weighed on the
sentiments. However, downside was limited on improved crude oil
prices. Today (As of May 07), Asian markets opened in red following
concerns over U.S.-China trade talks and mixed U.S. jobs report for Apr
2018. Both Nikkei and Hang Seng fell 0.48% and 0.19%, respectively (as
at 8.a.m. IST).
• As per the last close, European markets ended higher following decline
in the U.S. unemployment rate to its lowest level in over seventeen years
in Apr 2018. Strong quarterly earnings by few companies also added to
gains.
• As per the last close, U.S markets ended higher after unemployment
rate in the country fell to its lowest level in over seventeen years in Apr
2018 and increase in crude oil prices. Media reports that a billionaire
investor bought 75 million shares of a tech giant added to the gains.
FII Derivative Trade Statistics 04-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 2147.56 1569.21 13558.81
Index Options 87035.87 85180.24 59754.84
Stock Futures 9462.30 9388.06 80403.63
Stock Options 6241.85 6034.78 5695.98
Total 104887.58 102172.29 159413.26
04-May Prev_Day
Change
Put Call Ratio (OI) 1.49 1.50 -0.02
Indian Debt Market
Put Call Ratio(Vol) 0.98 0.98 -0.01
04-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.92% 6.02% 5.90% 5.98%
CBLO 5.93% 5.53% 5.68% 6.04%
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% 6.11% 6.23%
364 Day T-Bill 6.60% 6.45% 6.46% 6.39%
10 Year Gilt 7.73% 7.77% 7.29% 6.97%
G-Sec Vol. (Rs.Cr) 14125 23708 64712 29404
Currency Market Update
FBIL MIBOR 6.00% 6.00% 6.00% 6.25%
3 Month CP Rate 7.65% 7.40% 6.80% 6.75%
5 Year Corp Bond 8.46% 8.44% 8.00% 7.51%
1 Month CD Rate 6.62% 6.69% 6.26% 6.21%
3 Month CD Rate 7.17% 7.07% 6.67% 6.42%
1 Year CD Rate 7.84% 7.71% 7.20% 6.71%
Commodity Market Update
Currency 04-May Prev_Day
Change
USD/INR 66.77 66.61 0.16
GBP/INR 90.58 90.60 -0.02
EURO/INR 79.97 79.86 0.11
International News
JPY/INR 0.61 0.61 0.00
Commodity 04-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 69.66 68.06 63.34 45.50
Brent Crude($/bl) 75.74 76.07 64.68 46.82
Gold( $/oz) 1315 1322 1333 1227
Gold(Rs./10 gm) 31003 31190 30844 28184
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
07 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 10658.75 points, a premium of 40.50
points, above the spot closing of 10,618.25. The turnover on NSE’s
Futures and Options segment went down to Rs. 3,67,606.45 crore on
May 4 from Rs. 11,81,312.07 crore on May 3.
• The Put-Call ratio stood at 0.92 against previous session’s close of
0.97.
• The Nifty Put-Call ratio stood at 1.49 against the previous session’s
close of 1.50.
• Open interest on Nifty Futures stood at 24.49 million as against the
previous session’s close of 24.56 million.
• Bond yields stood unchanged as investors preferred to remain on
sidelines ahead of U.S. employment data for Apr 2018 that is due after
market hours on May 4.
• 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 7.72% and 7.76%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,810 crore (gross) on May 04 compared with
Rs. 4,735 crore on May 03. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 11,122 crore on May 03.
• Banks borrowed Rs. 160 crore under the central bank’s Marginal
Standing Facility on May 03 compared with Rs. 850 crore borrowing on
May 02.
• The Indian rupee weakened against the U.S. dollar due to continuous
demand for greenback from oil importers. Investors also remained
cautious ahead of the U.S. non-farm payroll data for Apr 2018.The rupee
fell 0.33% to close at 66.86 per dollar from the previous close of 66.64.
• Euro fell against the U.S. dollar despite disappointing U.S. non-farm
payroll data for Apr 2018. Euro was trading at $1.1926 compared with
the previous close of $1.1987.
• Gold prices traded lower following mixed reaction on the U.S. jobs
report for Apr 2018.
• Brent Crude prices traded higher amid growing speculation over re-
imposition of U.S. sanctions on Iran.
• According to the U.S. Labor Department, non-farm payroll
employment rose less than expected by 164,000 jobs in Apr 2018 after
rising by an upwardly revised 135,000 jobs in Mar 2018. The job growth
was due to employment increases in the professional and business
services, manufacturing, healthcare, and mining sectors. However, the
unemployment rate fell to 3.9% in Apr after staying steady at 4.1% for
the preceding six consecutive months.
• According to the Commerce Department, U.S. factory orders grew
more than expected by 1.6% in Mar 2018 same as upwardly revised data
for Feb 2018.
• According to a report by Institute for Supply Management, U.S., non-
manufacturing index fell more than expected to 56.8 in Apr 2018 from
58.8 in Mar 2018.
Markets for You
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