10 May 2018
Markets for You
Global Indices
Global Indices 09-May Prev_Day Abs. Change
% Change
Dow Jones 24,543 24,360 182 0.75
Nasdaq 7,340 7,267 73 1.00
FTSE 7,663 7,566 97 1.28
Nikkei 22,409 22,509 -100 -0.44
Hang Seng 30,536 30,403 133 0.44
Indian Indices 09-May Prev_Day Abs. Change
% Change
S&P BSE Sensex 35,319 35,216 103 0.29
Nifty 50 10,742 10,718 24 0.22
Nifty 100 11,095 11,082 13 0.12
Nifty Bank 26,154 26,091 64 0.25
SGX Nifty 10,758 10,733 25 0.23
S&P BSE Power 2,193 2,206 -13 -0.57
S&P BSE Small Cap 18,085 18,109 -24 -0.13
S&P BSE HC 13,682 13,747 -64 -0.47
Date P/E Div. Yield P/E Div. Yield
9-May 23.47 1.15 26.66 1.19
Month Ago 23.35 1.15 25.76 1.23
Year Ago 22.60 1.35 23.67 1.23
Nifty 50 Top 3 Gainers
Company 09-May Prev_Day
% Change
Tata Motors 342 332 2.95
TCS 3489 3441 1.40
United Phos 731 722 1.36
Nifty 50 Top 3 Losers Domestic News
Company 09-May Prev_Day
% Change
Ultratech Cem 3966 4064 -2.41
Ambuja Cem 225 229 -2.09
BPCL 385 393 -1.82
Advance Decline Ratio
Advances 1157 753
Declines 1527 1019
Unchanged 127 87
Institutional Flows (Equity)
Description (Cr)
FII Flows* 5677
MF Flows** 47774
May 2018; **8
May 2018
Economic Indicator
YoY(%) Current Year Ago
10 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
Indian equity markets closed on a higher note as investors remained
focused on corporate earnings reports. Gains in one of the multinational
automotive manufacturing company owing to increase in retail sales of
its wholly owned subsidiary in Apr 2018, helped investor sentiment.
Stocks of oil marketing companies came under pressure due to U.S.
President’s sanctions on Iran and its likely impact on global crude oil
prices, thereby capping the gains.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.29% and
0.22% to close at 35,319.35 and 10,741.70, respectively. S&P BSE Mid-
Cap and S&P BSE Small-Cap fell 0.63% and 0.13%.
The overall market breadth on BSE was weak with 1,527 scrips
declining and 1,157 scrips advancing. A total of 127 scrips remained
On the BSE sectoral front, S&P BSE Information Technology was the
major gainer, up 0.74%, followed by S&P BSE Teck that grew 0.56%. S&P
BSE Consumer Durables and S&P BSE Capital Goods grew 0.46% and
0.40%, respectively. S&P BSE Power was the major loser (-0.57%)
followed by S&P BSE Utilities that fell 0.49%.
According to the International Monetary Fund (IMF), the Indian
economy is expected to grow 7.4% in FY19. The growth is expected to
accelerate further to 7.8% in FY19 as the economy recovers gradually
from the impact of demonetization and goods and services tax (GST).
IMF also underlined challenges and risks for the Indian economy which
includes tightening of global financial conditions, slower productivity
growth and rise of digitization. IMF forecasted the Chinese economy to
grow 6.6% in the current year which will slow down to 6.4% in the next
According to media reports, the Reserve Bank of India has not
approved the government’s demand to ease guidelines that govern
resolution of stressed assets for power companies. Earlier the ministry of
power has sought an extension in resolution period for power projects
from 180 days to 1 year. RBI was of the view that it doesn’t look into
sectoral aspects and was thus unable to give any relaxation.
According to media reports, the ministry of finance is considering
giving relief to banks from the burden of non-performing assets by
issuing provisional ‘shore-up certificates’ (PSCs) against their stressed
assets. The certificates will carry a coupon rate and will be guaranteed by
the bank. The PSCs will be redeemed as when the bad loans get resolved.
According to the media reports, Walmart Inc. has announced that it
has agreed to acquire 77% stake in Flipkart for $16 billion. This marks the
largest e-commerce acquisition in the world.
Eicher Motors’ consolidated profit for the quarter ended Mar 31, 2018
came in at Rs. 461.53 crore, marginally up 0.45% YoY from Rs. 459.44
crore in the previous year period. Meanwhile, consolidated total revenue
from operation surged 18.54% to Rs. 2,528.01 crore in Q4FY18.
Jaguar Land Rover’s (JLR) retail sales grew 11.9% to 45,180 units in Apr
2018. The increase in sales reflects introduction of new models. Retail
sales for April were up significantly YoY in China and U.K. but down in
Asian markets mostly traded in low following U.S. President’s decision
to formally withdraw from Iran's nuclear deal. Lower cues from overnight
U.S. market further dented sentiment. However, improved crude oil
prices and weak yen provided some respite. Today (as of May 10), Asian
markets opened higher following gains in Wall Street as oil prices traded
higher after touching multi-year highs. Hang seng and Nikkei grew 0.68%
and 0.10%, respectively (as at 8.a.m. IST).
As per the last close, European markets ended higher following positive
opening on Wall street. Gains in energy stocks driven by strong rally in oil
prices after U.S. President decided to withdraw from the Iran nuclear
deal boosted the indices.
As per the last close, U.S markets ended higher following gains in
energy stocks driven by strong rally in oil prices. The increase reflects
U.S. President’s decision to withdraw from the Iran nuclear deal. Gains in
chemical, financial, biotechnology and semiconductor stocks further
boosted the indices.
Markets for You
FII Derivative Trade Statistics 09-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 1796.97 1891.42 14815.72
Index Options 46278.88 45399.76 64410.71
Stock Futures 9646.74 9185.97 82140.76
Stock Options 6551.54 6415.33 7452.26
Total 64274.13 62892.48 168819.45
09-May Prev_Day
Put Call Ratio (OI) 1.61 1.56 0.05
Indian Debt Market
Put Call Ratio(Vol) 1.07 0.99 0.08
09-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.91% 5.89% 5.91% 6.08%
CBLO 6.01% 5.87% 5.87% 6.22%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 6.00%
91 Day T-Bill 6.27% 6.23% 6.06% 6.23%
364 Day T-Bill 6.63% 6.57% 6.47% 6.48%
10 Year Gilt 7.71% 7.73% 7.23% 6.94%
G-Sec Vol. (Rs.Cr) 22921 14066 45982 30080
Currency Market Update
FBIL MIBOR 6.05% 6.00% 6.00% 6.26%
3 Month CP Rate 7.80% 7.55% 6.85% 6.78%
5 Year Corp Bond 8.51% 8.42% 7.96% 7.51%
1 Month CD Rate 6.66% 6.67% 6.41% 6.23%
3 Month CD Rate 7.11% 7.06% 6.70% 6.42%
1 Year CD Rate 7.89% 7.87% 7.05% 6.72%
Commodity Market Update
Currency 09-May Prev_Day
USD/INR 67.38 67.08 0.30
GBP/INR 91.09 91.14 -0.05
EURO/INR 79.75 80.01 -0.26
International News
JPY/INR 0.61 0.62 0.00
Commodity 09-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 71.11 67.86 63.39 45.79
Brent Crude($/bl) 78.59 74.03 67.98 46.27
Gold( $/oz) 1312 1304 1336 1221
Gold(Rs./10 gm) 31143 30918 30526 28100
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
10 May 2018
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty May 2018 Futures were at 10769.3 points, a premium of 27.60
points, above the spot closing of 10,741.70. The turnover on NSE’s
Futures and Options segment went up to Rs. 6,50,876.98 crore on May 9
from Rs. 5,49,795.20 crore on May 8.
The Put-Call ratio stood at 1.00 against previous session’s close of
The Nifty Put-Call ratio stood at 1.61 against the previous session’s
close of 1.56.
Open interest on Nifty Futures stood at 25.37 million as against the
previous session’s close of 24.93 million.
Bond yields surged due to rising inflationary pressure after U.S.
withdrew from the Iran nuclear deal, that further increased global crude
oil prices.
Yield on the 10-year benchmark paper (7.17% GS 2028) increased 13
bps to close at 7.71% from the previous close of 7.58%. During the
session, bond yields traded in the range of 7.63% and 7.72%.
Data from RBI showed that reserve money increased at an annualised
rate of 25.4% in the week to May 04, compared with a decrease of
10.3% a year earlier. The currency in circulation rose 31.6% during the
week compared with a fall of 16.2% a year earlier. India's money supply
grew 10.6% on a yearly basis in the fortnight ending Apr 27 against a
growth of 6.7% a year earlier. Demand deposits with bank increased
8.8% for the same period as against a growth of 22.0% a year earlier.
The Indian rupee weakened and touched 15 month low following rise
in global crude oil prices that touched their highest levels since 2014.
The rupee fell 0.27% to close at 67.26 per dollar from the previous close
of 67.08.
Euro initially fell against the U.S. dollar following the U.S. exit from an
Iran nuclear pact and political uncertainty in Italy. However, the currency
reversed its losses as dollar rally showed signs of fading after rising in the
last three consecutive sessions. Euro was trading at $1.1878 compared
with the previous close of $1.1862.
Gold prices moved down on stronger dollar against the euro after the
U.S. President decided to withdraw from an international nuclear deal
with Iran.
Brent Crude prices rose after U.S. decided to withdraw from an
international nuclear deal with Iran.
The European Bank for Reconstruction and Development (EBRD)
expects EBRD economies to grow 3.3% in 2018 as against its previous
growth expectation of 3%. Growth is expected to be 3.2% in 2019. The
bank is cautious that the expectations are subject to several risks with
significant rise in corporate debt levels being a source of concern.
A report from the British Retail Consortium showed that U.K.’s like-for-
like sales fell 4.2% YoY in Apr 2018 as against an increase of 1.4% in Mar
2018. Non-food item sales fell 4.9% in three months to Apr 2018.
A report from the IHS Markit and the Recruitment & Employment
Confederation showed that U.K. permanent job placement noticeably
grew in Apr 2018.
Markets for You
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