09 May 2018
Markets for You
Global Indices
Global Indices 08-May Prev_Day Abs. Change
% Change
#
Dow Jones 24,360 24,357 3 0.01
Nasdaq 7,267 7,265 2 0.02
FTSE 7,566 Closed NA NA
Nikkei 22,509 22,467 42 0.18
Hang Seng 30,403 29,994 409 1.36
Indian Indices 08-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,216 35,208 8 0.02
Nifty 50 10,718 10,716 2 0.02
Nifty 100 11,082 11,085 -3 -0.03
Nifty Bank 26,091 25,852 238 0.92
SGX Nifty 10,733 10,738 -5 -0.04
S&P BSE Power 2,206 2,202 4 0.17
S&P BSE Small Cap 18,109 18,092 18 0.10
S&P BSE HC 13,747 13,771 -24 -0.18
Date P/E Div. Yield P/E Div. Yield
8-May 23.48 1.15 26.60 1.20
Month Ago 23.24 1.15 25.65 1.24
Year Ago 22.67 1.39 23.66 1.23
Nifty 50 Top 3 Gainers
Company 08-May Prev_Day
% Change
#
ICICI Bank 309 290 6.73
HPCL 307 297 3.37
Eicher Motors 30427 29767 2.22
Nifty 50 Top 3 Losers Domestic News
Company 08-May Prev_Day
% Change
#
Bosch 19024 19595 -2.91
Ambuja Cem 229 235 -2.47
M&M 865 886 -2.29
Advance Decline Ratio
BSE NSE
Advances 1161 770
Declines 1523 1014
Unchanged 126 73
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 5314
MF Flows** 46287
*8
th
May 2018; **4
th
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)
09 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
294
-602
5.21%
(Dec-17)
• Indian equity markets opened on a higher note. Gains in one of private
sector lender after posting better than expected standalone profit for the
quarter ended Mar 31, 2018 boosted investor sentiment. Early gains were
erased, and the markets closed on a flat note as investors remained
cautious ahead of the U.S. President’s decision on the Iran nuclear deal.
• Key benchmark indices S&P BSE Sensex and Nifty 50 each grew 0.02% to
close at 35,216.32 and 10,717.80, respectively. S&P BSE Mid-Cap fell
0.10% and S&P BSE Small-Cap grew 0.10%.
• The overall market breadth on BSE was weak with 1,523 scrips declining
and 1,161 scrips advancing. A total of 126 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Bankex was the major gainer, up
1.32%, followed by S&P BSE Realty that grew 1.06%. S&P BSE Finance and
S&P BSE Oil & Gas grew 0.44% and 0.36%, respectively. S&P BSE Capital
Goods was the major loser (-0.85%) followed by and S&P BSE Consumer
Durables that fell 0.81%. S&P BSE Teck and S&P BSE Information
Technology fell 0.57% and 0.53%.
• The Department of Telecommunications (DoT) has revealed the National
Digital Communications Policy 2018. The policy aims at attracting
investments worth $100 billion by 2020 in the sector. Besides, creating 4
million jobs, the policy aims at improving the sector’s contribution to 8%
of India’s GDP from about 6% in 2017.
• According to a statement from the finance ministry, the government of
India has signed a loan deal with the World Bank worth $200 million for
the National Nutrition Mission known as POSHAN Abhiyaan. The funding
would help the government achieve its target of reducing the percentage
of children suffering from hindered growth in the age of 0-6 years from
38.4% to 25% by 2022.
• Government’s flagship initiative Atal Mission for Rejuvenation and
Urban Transformation (AMRUT) to introduce urban reforms and provide
civic amenities in 500 cities has utilized 0.38% or Rs. 296 crore ( 365
projects) of Rs. 77,640 crore total outlay. AMRUT was launched on Jun 25,
2015 and promises water connections, improved sewerage, storm water
drainage projects, parks and green spaces and LED streetlights.
• Jubilant FoodWorks announced that its standalone net profit came in at
Rs. 68.06 crore for the quarter as against Rs. 6.71 crore in the previous
year period. This marked over 10-fold increase driven by Domino's
product upgrade and robust online sales.
• Godrej Consumer Products Ltd. announced that its consolidated post tax
profit surged 59.26% YoY and came in at Rs. 617.19 crore for quarter
ended Mar 31, 2018. Meanwhile, sales came in at Rs. 2,494.41 crore, up
from Rs. 2,480.17 crore in Mar 2017 .
• According to the media reports, Bharti Infratel and Indus Towers will
likely invest Rs. 3,500 crore in operations as capital expenditure for 2018-
19. In Apr 2018, the two companies announced a merger deal that will
create a firm worth $14.6 billion.
• ICICI Bank’s standalone profit of Rs. 1,020 crore for the quarter ended
Mar 2018 fell 49.62% YoY from Rs. 2,024.64 crore profit in the year-ago
quarter. The significant decline reflects sharp rise in provisions for the bad
loans.
Markets for You
• Asian markets closed in the green with buying interest largely supported
by upbeat Chinese trade data for Apr, that outperformed market
expectation. Meanwhile, investors keenly awaited U.S. President’s
decision on whether he would withdraw from a landmark nuclear deal
with Iran. Today (As of May 09), Asian markets opened mixed following
announcement by the U.S. President to withdraw U.S. from the Iran
nuclear deal. Nikkei fell 0.44% and Hang Seng rose 0.21% (as at 8.a.m.
IST).
• As per the last close, European markets ended almost flat as the
investors preferred to remain on sidelines ahead of U.S. President's
decision on the Iran nuclear deal.
• As per the last close, U.S markets ended almost flat after the U.S.
President announced withdrawing of the U.S. from the Iran nuclear deal
signed three years ago, as widely expected.
FII Derivative Trade Statistics 08-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 1191.25 1086.75 14255.61
Index Options 29252.32 28650.99 63613.55
Stock Futures 8493.77 7846.14 81753.73
Stock Options 5406.90 5261.16 7099.47
Total 44344.24 42845.04 166722.36
08-May Prev_Day
Change
Put Call Ratio (OI) 1.56 1.56 0.01
Indian Debt Market
Put Call Ratio(Vol) 0.99 0.98 0.01
08-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.86% 6.02% 5.89% 6.10%
CBLO 6.00% 5.53% 5.79% 6.20%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 6.00%
91 Day T-Bill 6.13% 6.19% 6.08% 6.23%
364 Day T-Bill 6.45% 6.45% 6.45% 6.12%
10 Year Gilt 7.58% 7.77% 7.17% 6.93%
G-Sec Vol. (Rs.Cr) 46041 23708 55428 34758
Currency Market Update
FBIL MIBOR 6.04% 6.00% 6.00% 6.25%
3 Month CP Rate 7.75% 7.40% 6.85% 6.78%
5 Year Corp Bond 8.38% 8.43% 7.89% 7.52%
1 Month CD Rate 6.67% 6.69% 6.11% 6.21%
3 Month CD Rate 7.25% 7.07% 6.66% 6.42%
1 Year CD Rate 7.72% 7.71% 7.12% 6.71%
Commodity Market Update
Currency 08-May Prev_Day
Change
USD/INR 67.08 67.11 -0.03
GBP/INR 91.14 90.85 0.29
EURO/INR 80.01 80.12 -0.11
International News
JPY/INR 0.62 0.61 0.00
Commodity 08-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 68.78 68.51 62.02 46.41
Brent Crude($/bl) 75.15 76.66 65.70 45.82
Gold( $/oz) 1314 1315 1333 1226
Gold(Rs./10 gm) 31082 31033 30396 28161
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
09 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 10735.05 points, a premium of 17.25
points, above the spot closing of 10,717.80. The turnover on NSE’s
Futures and Options segment went up to Rs. 5,49,795.20 crore on May 8
from Rs. 3,69,960.32 crore on May 7.
• The Put-Call ratio stood at 0.93 against previous session’s close of 0.99.
• The Nifty Put-Call ratio stood unchanged at 1.56 against the previous
session’s close.
• India VIX moved up 2.14% to 14.0550 from 13.6400 in the previous
trading session.
• Open interest on Nifty Futures stood at 24.93 million as against the
previous session’s close of 24.74 million.
• Bond yields fell after comments from a government official indicated
that the central bank will continue buying bonds through open market
operations.
• Yield on the 10-year benchmark paper (7.17% GS 2028) fell 4 bps to
close at 7.58% from the previous close of 7.62%. During the session,
bond yields traded in the range of 7.55% and 7.66%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 17,237 crore (gross) on May 08 compared with
Rs. 14,502 crore on May 07. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 6,073 crore on May 07.
• Banks borrowed Rs. 300 crore under the central bank’s Marginal
Standing Facility on May 07 compared with Rs. 430 crore borrowing on
May 04.
• The Indian rupee inched up against the greenback as selling of the
greenback by foreign banks offset concerns emanating from an increase
in global crude oil prices. The rupee inched up 0.08% to close at 67.08
per dollar from the previous close of 67.13.
• Euro fell against the U.S. dollar as market participants grew pessimistic
regarding U.S.-Iran nuclear deal that improved the safe haven appeal of
the greenback. Euro was trading at $1.1845, down 0.63% compared with
the previous close of $1.1920.
• Gold prices traded lower following growing speculation over faster
pace of rate hikes by U.S. Federal Reserve.
• Brent Crude prices traded higher ahead of the high anticipated U.S.
Federal Reserve’s decision on whether to withdraw from the Iran
nuclear deal.
• According to a report from the Halifax and IHS Markit, U.K. house
prices fell 3.1% in Apr 2018 as against a gain of 1.6% in Mar 2018. This
marked a decline in house prices for the first time in three months.
House prices grew 2.2% on yearly basis in three months to Apr as
against an increase of 2.7% in three months to Mar.
• A report from Destatis showed that Germany’s exports grew 1.7% in
Mar 2018 as against a decline of 3.1% in Feb 2018. This marked the first
increase since Nov 2017. However, imports declined 0.9% in Mar as
against a decline of 1.4% in Feb. Therefore, the trade surplus surged to
EUR 22 billion (seasonally adjusted) in Mar from EUR 19.4 billion in Feb.
Markets for You
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