11 May 2018
Markets for You
Global Indices
Global Indices 10-May Prev_Day Abs. Change
% Change
#
Dow Jones 24,740 24,543 197 0.80
Nasdaq 7,405 7,340 65 0.89
FTSE 7,701 7,663 38 0.50
Nikkei 22,497 22,409 88 0.39
Hang Seng 30,809 30,536 273 0.89
Indian Indices 10-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,246 35,319 -73 -0.21
Nifty 50 10,717 10,742 -25 -0.23
Nifty 100 11,053 11,095 -43 -0.38
Nifty Bank 26,131 26,154 -23 -0.09
SGX Nifty 10,745 10,758 -13 -0.12
S&P BSE Power 2,159 2,193 -34 -1.55
S&P BSE Small Cap 17,840 18,085 -245 -1.36
S&P BSE HC 13,474 13,682 -208 -1.52
Date P/E Div. Yield P/E Div. Yield
10-May 23.45 1.15 26.60 1.20
Month Ago 23.41 1.15 25.82 1.23
Year Ago 22.87 1.33 23.89 1.22
Nifty 50 Top 3 Gainers
Company 10-May Prev_Day
% Change
#
ONGC 188 183 2.95
Bharti Airtel 412 402 2.40
Tech Mahindra 664 654 1.45
Nifty 50 Top 3 Losers Domestic News
Company 10-May Prev_Day
% Change
#
Dr.Reddy 1990 2064 -3.62
Aurobindo Pharma 594 609 -2.46
Tata Motors 334 342 -2.44
Advance Decline Ratio
BSE NSE
Advances 750 452
Declines 1909 1343
Unchanged 128 68
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 4987
MF Flows** 48515
*10
th
May 2018; **8
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)
11 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
Nifty
8.50%
(Nov-17)
6.50%
(Sep-17)
Quarter Ago
Inflow/Outflow
727
-690
5.21%
(Dec-17)
• Indian equity markets closed in the red as investors preferred to remain
on the sidelines ahead of the upcoming assembly elections in Karnataka..
Surging oil prices stoked concerns over domestic fiscal deficit. Decline in
banking stocks due to disappointing quarterly earning numbers from one
of the major private sector lender added to the woes..
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.21% and
0.23% to close at 35,246.27 and 10,716.55, respectively. S&P BSE Mid-Cap
and S&P BSE Small-Cap fell 1.52% and 1.36%.
• The overall market breadth on BSE was weak with 1,909 scrips declining
and 750 scrips advancing. A total of 128 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Realty was the major loser, down
2.02%, followed by S&P BSE Power that fell 1.55%. S&P BSE Healthcare
and S&P BSE Utilities fell 1.52% and 1.38%, respectively. S&P BSE Energy
was the major gainer, up 0.61% followed by S&P BSE Oil & Gas that grew
0.54%. S&P BSE Telecom grew 0.02%.
• Data from the Society of Indian Automobile Manufacturers (SIAM)
showed that sale of domestic passenger cars grew 4.89% in Apr 2018 to
200,183 units from 190,854 units in Apr 2017. Subsequently the overall
domestic passenger vehicle sales grew 7.50% in Apr 2018 to 298,504 units
from 277,683 units in the same period of the previous year. Sale of utility
vehicles grew 11.92% to 79,136 units while the sale of vans grew 18.99%
to 19,185 units.
• According to media reports, the government is considering allowing
100% foreign direct investment in the insurance intermediaries. The
objective of the move is to attract more funds and thereby give a fillip to
the insurance sector. Presently, 49% foreign investment is allowed in the
insurance sector. Industry experts are of the view that weak distribution
network is adversely affecting the sector and hence it is required to
strengthen the distribution network. According to reports, insurance
penetration in the country is just over 3.4% and much lower than the
global average penetration of 6.2%.
• Data from the ministry of shipping showed that cargo traffic in the
country’s major ports grew 1.7% to 56.81 million tonnes from 55.82
million tonnes in the same period of the previous year.
• Asian Paints’ consolidated profit of Rs. 480.99 crore for the quarter
ended Mar 31, 2018 grew 4% YoY from Rs. 462.22 crore in the previous
year period. Total income came in at Rs. 4,531.52 crore, up from Rs.
4,442.25 crore in the year-ago period.
• According to the media reports, JM Financial Credit Solutions is planning
to raise up to Rs. 2,000 crore through bond issue. The company intends to
use the proceeds for lending, financing, and for repayment or prepayment
of existing borrowings and general corporate purposes.
• Zee Entertainment’s net profit fell 84.75% YoY to Rs. 231 crore for the
quarter ended Mar 31, 2018. Meanwhile, operating revenue came in at
Rs. 1,725.3 crore, up 12.9% YoY from Rs. 1,528.0 crore in the year-ago
quarter.
Markets for You
• Asian markets largely remained positive supported by recent strength in
global crude oil prices. Buying interest found additional support after U.S
President said he would announce the site for a summit with North
Korean leader within three days. Today (as of May 11), Asian markets
opened higher following gains in the U.S. Wall Street. Hang seng and
Nikkei grew 0.70% and 0.83%, respectively (as at 8.a.m. IST).
• As per the last close, European markets ended almost higher after Bank
of England left interest rates unchanged. However, downgrade of
expectation of economic growth for second quarter of 2018 likely capped
the gains.
• As per the last close, U.S markets ended higher following slightly weaker
than expected increase in consumer prices in Apr 2018. Gains in telecom,
semiconductor, utilities, and healthcare stocks further boosted the
indices.
FII Derivative Trade Statistics 10-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 1650.49 1433.74 15574.67
Index Options 65117.92 64541.29 66851.08
Stock Futures 8204.52 8094.86 82864.79
Stock Options 5012.88 4996.79 7776.13
Total 79985.81 79066.68 173066.67
10-May Prev_Day
Change
Put Call Ratio (OI) 1.57 1.61 -0.05
Indian Debt Market
Put Call Ratio(Vol) 1.05 1.07 -0.02
10-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.89% 5.91% 5.89% 6.08%
CBLO 5.97% 5.90% 5.96% 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 6.26% 6.23% 6.05% 6.23%
364 Day T-Bill 6.64% 6.58% 6.48% 6.48%
10 Year Gilt 7.72% 7.73% 7.38% 6.94%
G-Sec Vol. (Rs.Cr) 14375 21113 52728 30080
Currency Market Update
FBIL MIBOR 6.05% 6.00% 6.00% 6.26%
3 Month CP Rate 7.95% 7.60% 6.85% 6.78%
5 Year Corp Bond 8.52% 8.43% 8.10% 7.51%
1 Month CD Rate 6.68% 6.64% 6.35% 6.23%
3 Month CD Rate 7.10% 7.12% 6.34% 6.42%
1 Year CD Rate 7.94% 7.84% 7.29% 6.72%
Commodity Market Update
Currency 10-May Prev_Day
Change
USD/INR 67.38 67.38 0.00
GBP/INR 91.39 91.09 0.30
EURO/INR 79.89 79.75 0.14
International News
JPY/INR 0.61 0.61 0.00
Commodity 10-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 71.31 68.40 65.43 47.23
Brent Crude($/bl) 78.58 74.44 70.09 47.30
Gold( $/oz) 1321 1311 1339 1219
Gold(Rs./10 gm) 31261 30905 30624 28087
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
11 May 2018
The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have been obtained from independent
third party sources and which are deemed to be reliable. The information provided cannot be considered as guidelines, recommendations or as a professional guide for the readers. It may be noted
that since Reliance Nippon Life Asset Management Company Limited (RNLAM) (formerly Reliance Capital Asset Management Limited) has not independently verified the accuracy or authenticity of
such information or data, or for that matter the reasonableness of the assumptions upon which such data and information has been processed or arrive data; RNLAM does not in any manner assures
the accuracy or authenticity of such data and information. Some of the statements & assertions contained in these materials may reflect RNLAM’s views or opinions, which in turn may have been
formed on the basis of such data or information. The Sponsor(s), the Investment Manager, the Trustee or any of their respective directors, employees, affiliates or representatives do not assume any
responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon the information provided herein, due
care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable, to the extent possible. This information is not intended to be an offer or solicitation for the
purchase or sale of any financial product or instrument. Recipients of this information should rely on information/data arising out of their own investigations. Before making any investments, the
readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor(s), the Investment Manager, the Trustee,
their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on
account of lost profits arising from the information contained in this material.
Readers are requested to click here for ICRON disclaimer - http://www.icraonline.com/legal/standard-disclaimer.html
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty May 2018 Futures were at 10,724.90 points, a premium of 8.35
points, above the spot closing of 10,716.55. The turnover on NSE’s
Futures and Options segment went up to Rs. 11,46,073.95 crore on May
10 from Rs. 6,50,876.98 crore on May 9.
• The Put-Call ratio stood at 1.09 against previous session’s close of 1.00.
• The Nifty Put-Call ratio stood at 1.57 against the previous session’s
close of 1.61.
• Open interest on Nifty Futures stood at 25.07 million as against the
previous session’s close of 25.37 million.
• Bond yields rose for the second consecutive day on concerns of
inflationary pressure due to elevated global crude oil prices, that
increased fear that Reserve Bank of India (RBI) will increased interest
rates in the near term.
• Yield on the 10-year benchmark paper (7.17% GS 2028) increased 1
bps to close at 7.72% from the previous close of 7.71%. During the
session, bond yields traded in the range of 7.71% and 7.76%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 5,608 crore (gross) on May 10 compared with
Rs. 16,746 crore on May 09. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 10,766 crore on May 09.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on May 09 compared with Rs. 1,145 crore borrowing on May 08.
• The Indian rupee weakened for the second consecutive day and
touched 15-month low against the U.S. dollar due to sustained rise in
global crude oil prices that reached more than three year high. The
rupee fell 0.07% to close at 67.31 per dollar from the previous close of
67.26.
• Euro rose after falling in the last four consecutive days against the U.S.
dollar as the greenback rally paused on fall in U.S. Treasury yields. Euro
was trading at $1.1909 compared with the previous close of $1.1850.
• Gold prices gained ahead of key U.S. economic data that will provide
further cues on Federal Reserve’s rate hike decision.
• Brent Crude prices continued with the upward momentum following
U.S. decision to withdraw from an international nuclear deal with Iran.
• A report from the Commerce Department showed that U.S. wholesale
inventories missed market expectations and grew 0.3% in Mar 2018 as
against a gain of 0.9% in Feb 2018. Inventories of durable goods grew
0.8%, while inventories of non-durable goods fell 0.4%.
• According to a report from the Labor Department, U.S. producer price
index for final demand inched up 0.1% in Apr 2018 as against a gain of
0.3% in Mar 2018.
• Bank of England has decided to keep its key interest rate at 0.50%.
Also, the policymakers decided to maintain the quantitative easing at
GBP 435 billion. It lowered its near-term growth outlook and expects the
economy to grow 1.4% by second quarter of 2018 instead of previous
expectation of 1.8%.
Markets for You
Thank you for
your time.