16May2018
MarketsforYou
GlobalIndices
GlobalIndices 15‐May Prev_Day Abs.Change
%Change
#
DowJones 24,706 24,899 ‐193 ‐0.78
Nasdaq 7,352 7,411 ‐60 ‐0.81
FTSE 7,723 7,711 12 0.16
Nikkei 22,818 22,866 ‐48 ‐0.21
HangSeng 31,152 31,541 ‐389 ‐1.23
IndianIndices 15‐May Prev_Day Abs.Change
%Change
#
S&PBSESensex 35,544 35,557 ‐13 ‐0.04
Nifty50 10,802 10,807 ‐5 ‐0.04
Nifty100 11,114 11,124 ‐10 ‐0.09
NiftyBank 26,474 26,475 ‐10.00
SGXNifty 10,789 10,803 ‐14 ‐0.13
S&PBSEPower 2,143 2,146 ‐3 ‐0.15
S&PBSESmallCap 17,525 17,640 ‐115 ‐0.65
S&PBSEHC 13,293 13,353 ‐60 ‐0.45
Date P/E Div.Yield P/E Div.Yield
15‐May 24.02 1.15 26.81 1.19
MonthAgo 23.53 1.14 26.01 1.22
YearAgo 23.03 1.32 23.99 1.22
Nifty50Top3Gainers
Company 15‐May Prev_Day
%Change
#
TataSteel 626 610 2.56
PowerGrid 214 209 2.30
BajajFinance 1902 1865 2.01
Nifty50Top3Losers DomesticNews
Company 15‐May Prev_Day
%Change
#
TataMotors 310 324 ‐4.17
CoalIndia 264 270 ‐2.43
SBI 248 254 ‐2.21
AdvanceDeclineRatio
BSE NSE
Advances 1003 594
Declines 1647 1200
Unchanged 129 71
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 5332
MFFlows** 50890
*15
th
May2018;**11
th
May2018
EconomicIndicator
YoY(%) Current YearAgo
CPI
4.58%
(Apr‐18)
2.99%
(Mar‐17)
IIP
4.40%
(Mar‐18)
4.10%
(Mar‐17)
GDP
7.20%
(Dec‐17)
6.80%
(Dec‐16)
16May2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
7.10%
(Dec‐17)
6.50%
(Sep‐17)
QuarterAgo
Inflow/Outflow
1133
822
5.07%
(Jan‐17)
• India’s export during the month of Apr 2018 grew 5.17% YoY to $25.91
billion from $24.64 billi on in Apr 2017. Meanwhile, imports grew 4.60%
YoY to $39.63 billion in Apr 2018 from $37.88 billion in the same period
of the p revious year. Trade deficit widened to $13.72 billion in Apr 2018
as against $13.25 billion i n Apr 2017 and $13.69 billion in Mar 2018.
• The government has tightened norms for the import of pulses, as a
measure to ensure that domestic prices do not fall below the minimum
support price. According to a notification by the Directorate General of
Foreign Trade, the government has also brought in a quota system only
for millers and refiners for the import of tur, moong and urad. Dal millers
need to submit applications between May 15 and 25 to avail this quota.
• The Securities and Exchange Board of India has proposed that if there is
any delay or expected delay in payment related to their debt securities,
listed companies need to reveal the same within 24 hours. The proposal
comes following various instances related to non‐compliance with listing
norms by issuers of non‐convertible debt securities or non‐convertible
redeemable preference shares.
• According to the Financial Services Secretary, the status of 11 state‐
owned banks under prompt corrective action (PCA) of the RBI would be
reviewed on May 17. The review meeting would discuss the steps taken
by these banks to come out of the PCA status. The financial services
secretary has further mentioned that the banks that are out of the PCA
ambit should play a vital role in the economy.
• Punjab National Bank posted a loss of Rs. 134.17 billion for the quarter
ended Mar 2018 as against a standalone profit of Rs. 2.62 billion in the
previous year period. The significant loss reflects high provisioning for
bad loans.
• Lupin posted consolidated net loss of Rs. 777.60 c rore for the quarter
ended Mar 2018 as against a profit of Rs. 707 crore in the year‐ago
quarter. The loss reflects one‐time impairment provision of Rs. 1,464.35
crore. Consolidated revenue declined 5.2% YoY to Rs. 4,033.80 crore.
MarketsforYou
• Asian markets largely remained under pressure amid uncertainty over
the outcome of the trade talks between U.S. and China. Although the U.S.
President exp ressed optimism over a probable negotiation between the
two nations, he claimed that past negotiations have been one‐sided in
favour of Beijing, for so many years. A series of mixed economic data
from China also kept investors jittery. Today (as of May 16), Asian
markets opened on a negative note following decline o n the Wall Street
overnight. Both Hang Seng and Nikkei were trading lower 0.74% and
0.28%, respectively (as at 8 a.m. IST), respectively.
• As per the last close, European markets ended on a mixed note after
hovering between gains and losses during the session following the
release of a mixed batch of economic reports and corporate earnings.
• As per the last close, U.S markets closed firmly in a negative territory on
likely profit booking after witnessing gains in t he recent sessions. Market
was also impacted due to rise in the U.S. treasury yields that touched the
highest level since 2011 following increase in U.S. retail sales in Apr 2018
that came in line with market estimates.
• Indian Equity markets closed marginally lower as investor sentiment
soured after the ruling party reportedly fell short of majority in the
Karnataka elections, the opposition party and one other political party
have agreed to form an alliance to form government in Karnataka.
Weakness in global markets following China’s weak retail sales data and a
lack of any positive breakthrough in U.S.‐China trade discussions further
weighed on the market sentiment.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.04% to close
at 35,543.94 and 10,801.85 each. S&P BSE Mid‐Cap and S&P BSE Small‐
Cap fell 0.81% and 0.65%, respectively.
• The overall market breadth on BSE was weak with 1,647 scrips declining
and 1,003 scrips advancing. A total of 129 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Realty was the major loser, down
1.90%, followed by S&P BSE Industrials that fell 1.02%. S &P BSE Auto and
S&P BSE Telecom fell 0.71% and 0.65%, respectively. S&P BSE Information
Technology was the major gainer, up 0.48% followed by S&P BSE Teck
and S&P BSE Metal that grew 0.34% and 0.21%, respectively.
FIIDerivativeTradeStatistics 15‐May
(RsCr) Buy Sell OpenInt.
IndexFutures 1584.00 1383.15 17867.05
IndexOptions 48423.56 49782.10 71915.82
StockFutures 8913.42 8795.50 84232.19
StockOptions 6002.94 5997.07 8848.55
Total 64923.92 65957.82 182863.61
15‐May Prev_Day Change
PutCallRatio(OI) 1.60 1.64 ‐0.05
IndianDebtMarket
PutCallRatio(Vol) 1.13 1.17 ‐0.04
15‐May Wk.Ago Mth.Ago YearAgo
CallRate 5.87% 5. 86% 5.86% 6.05%
CBLO 5.96% 6. 00% 4.86% 6.21%
Repo 6.00% 6. 00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 6.00%
91DayT‐Bill 6.18% 6.13% 6.05% 6.28%
364DayT‐Bill 6.72% 6.45% 6.47% 6.46%
10YearGilt 7.90% 7. 58% 7.43% 6.63%
G‐SecVol.(Rs.Cr) 27501 46041 37876 88449
CurrencyMarketUpdate
FBILMIBOR 6.05% 6.04% 6.00% 6.25%
3MonthCPRate 8. 00% 7.75% Closed 6.83%
5YearCorpBond 8.57% 8.39% 8.12% 7.45%
1MonthCDRate 6.62% 6.67% 6.47% 6.35%
3MonthCDRate 7.45% 7.25% 6.67% 6.45%
1YearCDRate 7.90% 7.72% 7.30% 6.89%
CommodityMarketUpdate
Currency 15‐May Prev_Day Change
USD/INR 67.53 67.32 0.21
GBP/INR 91.49 91.25 0.24
EURO/INR 80.53 80.51 0.02
InternationalNews
JPY/INR 0.61 0.62 0.00
Commodity 15‐May WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 71.29 68.78 67.30 48.81
BrentCrude($/bl) 79.93 75.15 73.62 51.28
Gold($/oz) 1290 1314 1345 1230
Gold(Rs./10gm) 31342 31082 30874 28042
Source:ThomsonReutersEikon
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16May2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yields rose after the ruling party fell short of a majority in the
Karnataka state election results. Market sentiments dampened as rise in
consumer price inflation in Apr 2018 increased the chances of a rate hike
soon.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) rose 7 bps to
close at 7.90% from the previous close of 7.83%. During the session,
bond yields traded in the r ange of 7.81% and 7.91%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs . 5,383 crore (gross) on May 15 compared with
Rs. 7,257 crore on May 14. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 11,861 crore on May 14.
• Banks borrowed Rs. 900 crore under the central bank’s Marginal
Standing Facility on May 14 as against borrowing of Rs. 803 crore on May
11.
• According to flash estimate from Eurostat, the g ross domestic product
(GDP) growth rate of eurozone slowed to 0.4% se quentially in the firs t
quarter of 2018, in line with previous estimates but slower than 0.7%
growth seen in l ast quarter of 2017. On YoY basis, GDP growt h slowed in
line with previous estimates to 2.5% in f irst quarter of 2018 from 2 .8% a
quarter ago.
• According to data from the National Bureau of Statistics, China’s
industrial production grew more than expected by 7% in Apr 2018 as
compared with 6% in Ma r 2018. However, retail sales s lowed to 9.4% in
Apr from 10.1% increase in Mar.
MarketsforYou
• Nifty May 2018 Futures were at 10818.60 points, a premium of 16.75
points above the spot closing of 10,801.85. The t urnover on NSE’s Futures
and Options segment went up to Rs. 11,31,488.68 crore on May 15 from
Rs. 4,04,390.21 crore on M ay 14.
•ThePut‐Call ratio stood at 1.08 against p revious session’s close of 0.98.
• The Nifty Put‐Call ratio stood at 1.60 against the previous session’s
close of 1.64.
• India VIX moved down 6.89% to 13.2625 from 14.0425 in the previous
trading session.
• Open interest on Nifty Futures stood at 25.25 million as against the
previous session’s close of 25.68 million.
• The Indian rupee weakened and reached near 16‐month low against the
U.S. dollar following surge in global oil prices. Result of Karnataka state
poll, further dampened the sentiments. The rupee fell 0.83% to close at
68.07 per dollar from the previous close o f 67.51.
• The euro fell for the second consecutive session against the U.S dolla
r
after lower than forecasted GDP (Gross Domestic Product) growth in
Germany and increase in U.S. Treasury yields. Euro was last seen tradin
g
at $1.1851 compared with the previous close of $1.1925.
• Gold prices moved down on higher U.S. treasury yields and easin
g
tension b etween U.S. and China.
•BrentCrudepricestradeduponpersistentgeopoliticaltensioninthe
middle east and on concerns over production cut continuation by the o
f
the OPEC.
Thank you for
your time.