17May2018
MarketsforYou
GlobalIndices
GlobalIndices 16‐May Prev_Day Abs.Change
%Change
#
DowJones 24,769 24,706 63 0.25
Nasdaq 7,398 7,352 47 0.63
FTSE 7,734 7,723 11 0.15
Nikkei 22,717 22,818 ‐101 ‐0.44
HangSeng 31,110 31,152 ‐42 ‐0.13
IndianIndices 16‐May Prev_Day Abs.Change
%Change
#
S&PBSESensex 35,388 35,544 ‐156 ‐0.44
Nifty50 10,741 10,802 ‐61 ‐0.56
Nifty100 11,059 11,114 ‐55 ‐0.49
NiftyBank 26,182 26,474 ‐292 ‐1.10
SGXNifty 10,768 10,789 ‐21 ‐0.19
S&PBSEPower 2,139 2,143 ‐4 ‐0.18
S&PBSESmallCap 17,536 17,525 11 0.06
S&PBSEHC 13,285 13,293 ‐8 ‐0.06
Date P/E Div.Yield P/E Div.Yield
16‐May 23. 91 1.16 26.66 1.19
MonthAgo 23.62 1.14 26.13 1.22
YearAgo 23.21 1.32 24.16 1.21
Nifty50Top3Gainers
Company 16‐May Prev_Day
%Change
#
HUL 1574 1516 3.87
Lupin 767 751 2.09
ITC 286 282 1.42
Nifty50Top3Losers DomesticNews
Company 16‐May Prev_Day
%Change
#
ICICIBank 297 308 ‐3.57
UltratechCem 3991 4109 ‐2.88
Cipla 560 576 ‐2.76
AdvanceDeclineRatio
BSE NSE
Advances 993 646
Declines 1645 1143
Unchanged 119 72
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 5148
MFFlows** 51583
*16
th
May2018;**14
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)
17May2018
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
693
‐184
5.07%
(Jan‐17)
• According to data from Securities Board of Exchange of India (SEBI), the
total investment through participatory notes (P‐notes) into Indian capital
markets plunged 9‐year low to Rs. 1,00,245 in Apr 2018 from R s. 1,06,403
crore in Mar 2018. This sig nificant fall came after SEBI stringent the
norms for P‐notes to check misuse of the instrument.
• According to the International Monetary Fund (IMF)’s April Fiscal
Monitor report, India and South Africa has been appreciated for taking
measures to push digitisation in the economy. The organisation said that
steps taken by the two countries shows that digitisation can improve
social protection and the delivery of public services. India’s biometric
identification syst em, Aa dhaar, is a leader in this area which has helped in
distribution of social benefits.
• According to data from IEA, India is one of the top three coal producers
in the world in 2016. India has been continuously witnessing growth in
production to fuel its thermal power capacity, contributing 72% of the
country’s electricity generation. However, as per a major credit rating
agency, coal production is likely to remain flat in FY19 as there is no
improvement in availability of rakes or increase in evacuation
infrastructure for mined coal.
• ITC reported profit of Rs. 2,932.71 crore for the quarter ended Mar 31,
2018, up 9.86% YoY f rom Rs. 2,669.47 c rore in t he previous year period.
However, revenue from operations fell to Rs. 10,813.24 crore as against
Rs. 15,008.82 crore in the quarter ended Mar 31, 2017.
• A major credit rating agency has affirmed Reliance Industries' long‐term
foreign‐currency rating at BBB‐, with a s table outlook. The agency st ated
that the rating is driven by the company’s strong business profile owing
to its robust refining and petrochemical operations.
• Hindalco’s profit fell 24.98% YoY to Rs. 376.97 crore for the quarter
ended Mar 31, 2018 as against a profit of Rs. 502.52 crore in the prior
year period. Meanwhile, the total income of the company marginally fell
0.70% YoY to Rs. 11,886.02 crore in the quarter ended Mar 31, 2018.
MarketsforYou
• Asian markets closed in the red following uncertainty over the fate of
planned summit between Korea and U.S. in Jun 2018. In the latest
development, the North Korea suspended talks with South Korea,
scheduled later during day citing the latter’s involvement in military
exercise jointly with U.S. Growing speculation over imminent rate hike by
U.S. Federal Reserve weighed on market sentiments. Today (as of May
17), Asian markets opened mostly on a positive note following rise on the
Wall Street overnight. While Hang Seng was trading lower 0.23%, Nikkei
wasup0.40%(asat8a.m.IST),respectively.
• As per the last close, European markets mostly closed with small gains
after hovering between gains and losses during the session. Market
participants remained cautious due to renewed concerns over North
Korea. North Korean leader threatened to cancel its meeting with the U.S.
President.
• As per the last close, U.S markets rose on positive reaction to Mar
quarter earnings news from one of the U.S department store. However,
geopolitical uncertainty kept market participants on the sidelines.
• Lack of clarity over the formation of next government in Karnataka
weighed on the market sentiment resulting in Indian equity markets
closing lower. Decline in banking stocks added to the loss after a state‐
owned bank reported disappointing quarterly earnings numbers.
Weakness in the Asian markets due to rising geopolitical tensions further
led to the losses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.44% and
0.56% to close at 35,387.88 and 10,741.10, respectively. S&P BSE Mid‐
Capfell0.27%andS&PBSESmall‐Cap grew 0.06%.
• The overall market breadth on BSE was weak with 1,645 scrips declining
and 993 scrips advancing. A total of 119 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Energy was the major loser, down
1.75%, followed by S&P BSE Oil & Gas that fell 1.58%. S&P BSE Bankex
and S&P BSE Finance fell 1.17% and 0.91%, respectively. S&P BSE Realty
was the major gainer, up 1.99% followed by S&P BSE FMCG and S&P BSE
Information Technology that grew 1.65% and 0.18%, respectively.
FIIDerivativeTradeStatistics 16‐May
(RsCr) Buy Sell OpenInt.
IndexFutures 2974.49 2314.33 18996.75
IndexOptions 159154.82 156287.75 74928.40
StockFutures 11399.60 11544.91 84802.44
StockOptions 8264.53 8130.15 8935.04
Total 181793.44 178277.14 187662.63
16‐May Prev_Day Change
PutCallRatio(OI) 1.52 1.60 ‐0.08
IndianDebtMarket
PutCallRatio(Vol) 0.97 1.13 ‐0.16
16‐May Wk.Ago Mth.Ago YearAgo
CallRate 5.89% 5.91% 5.93% 6.05%
CBLO 5.96% 6.01% 5.91% 6.23%
Repo 6.00% 6.00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 6.00%
91DayT‐Bill 6.32% 6.27% 6.07% 6.28%
364DayT‐Bill 6. 74% 6.63% 6.47% 6.21%
10YearGilt 7.90% 7.71% 7.49% 6.68%
G‐SecVol.(Rs.Cr) 17636 22921 32900 43602
CurrencyMarketUpdate
FBILMIBOR 6.05% 6.05% 6.00% 6.30%
3MonthCPRate 8.00% 7.80% 6.90% 6.83%
5YearCorpBond 8.62% 8.48% 8.18% 7.47%
1MonthCDRate 6.66% 6.66% 6. 51% 6.36%
3MonthCDRate 7.33% 7.11% 6. 63% 6.46%
1YearCDRate 8.07% 7.89% 7.28% 6.86%
CommodityMarketUpdate
Currency 16‐May Prev_Day Change
USD/INR 67.83 67.53 0.30
GBP/INR 91.68 91.49 0.19
EURO/INR 80.29 80.53 ‐0.23
InternationalNews
JPY/INR 0.62 0.61 0.00
Commodity 16‐May WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 71.38 71.11 66.18 48.59
BrentCrude($/bl) 79.18 78.59 72.49 51.25
Gold($/oz) 1290 1312 1346 1236
Gold(Rs./10gm) 30954 31143 31049 28029
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
17May2018
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. So m e 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 p rovided 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
accountoflostprofitsarisingfromtheinformationcontainedinthismaterial.
ReadersarerequestedtoclickhereforICRONdisclaimer‐http://www.icraonline.com/legal/standard‐disclaimer.html
DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yields stood steady as investors preferred to remain on sidelines
due to accelerated crude oil prices and increase in retail inflation t hat
triggered fears of immediate rate hike.
•Yieldonthe10‐year benchmark paper (7.17% GS 2028) stood steady at
7.90%, same as previous close. During the session, bond yields traded in
the range of 7.86% and 7.94%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,453 crore (g ross) on May 16 compared with
Rs. 5,383 crore on May 15. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 9,622 crore on May 15.
• Banks borrowed Rs. 170 crore under the central bank’s Marginal
Standing Facility on May 15 as against borrowing of Rs. 900 crore on May
14.
• According to a report from the Commerce Department, U.S. business
inventories remained u nchanged in Mar 2018 as against a gain of 0.6% in
Feb 2018. Manufacturing and wholesale inventories both surged 0.3% i n
Mar, however, retail inventories witnessed a decline of 0.5%.
• A report from the Eurostat showed that Eurozone’s inflation eased to
1.2% in Apr 2018 as against 1.3% in Mar 2018. Meanwhile, i t continued
to stay below the European Central Bank's target of 'below, but close to
2%'. Excluding food, alcohol and tobacco, core inflation eased to 0.7% in
Apr from 1% in Mar.
MarketsforYou
• Nifty May 2018 Futures were at 10761.25 points, a premium of 20.15
points, above the spot closing of 10,741.10. The turnover on NSE’s
Futures and Options segment went down to Rs. 11,06,656.89 crore on
May 16 from Rs. 11,31,488.68 crore on May 15.
•ThePut‐Call ratio stood at 0.84 against previous session’s close of 1.08.
• The Nifty Put‐Call ratio stood at 1.52 against the previous session’s
close of 1.60.
• India VIX moved up 1.51% to 13.3650 from 13.2625 in the previous
trading session.
• Open interest on Nifty Futures stood at 24.90 million as against the
previous session’s close of 25.25 million.
• The Indian rupee strengthened against the U.S. dollar and recorded its
biggest single day gain in nearly three months due to greenback selling b
y
state run and foreign banks. T he rupee rose 0.41% to close at 67.79 pe
r
dollar from the previous close of 68.07.
• The euro fell and reached five month low against the strong U.S. dolla
r
after reports that a likely future Italian government would pursue debt
forgiveness from European creditors. Euro was last seen trading at
$1.1804 compared with its previous close $1.1837.
• Gold prices traded higher following uncertainty over the fate of planned
summit between Korea and U.S. in Jun 2018.
• Brent Crude prices traded lower following media reports that Iran's
state‐owned oil supplier recently met Chinese buyers and asked them to
maintain imports.
Thank you for
your time.