18May2018
MarketsforYou
GlobalIndices
GlobalIndices 17‐May Prev_Day Abs.Change
%Change
#
DowJones 24,714 24,769 ‐55 ‐0.22
Nasdaq 7,382 7,398 ‐16 ‐0.21
FTSE 7,788 7,734 54 0.70
Nikkei 22,838 22,717 121 0.53
HangSeng 30,942 31,110 ‐168 ‐0.54
IndianIndices 17‐May Prev_Day Abs.Change
%Change
#
S&PBSESensex 35,149 35,388 ‐239 ‐0.67
Nifty50 10,683 10,741 ‐58 ‐0.54
Nifty100 11,007 11,059 ‐52 ‐0.47
NiftyBank 26,074 26,182 ‐108 ‐0.41
SGXNifty 10,682 10,768 ‐86 ‐0.80
S&PBSEPower 2 ,136 2,139 ‐3 ‐0.14
S&PBSESmallCap 17,612 17,536 76 0.43
S&PBSEHC 13,292 13,285 7 0.05
Date P/E Div.Yield P/E Div.Yield
17‐May 23.82 1.16 26.52 1.20
MonthAgo 23.60 1.14 26.18 1.22
YearAgo 23.21 1.31 25.23 1.20
Nifty50Top3Gainers
Company 17‐May Prev_Day
%Change
#
BajajFinance 2067 1920 7.63
CoalIndia 272 264 3.04
AmbujaCem 218 212 2.76
Nifty50Top3Losers DomesticNews
Company 17‐May Prev_Day
%Change
#
Hindalco 233 240 ‐2.79
UnitedPhos 707 726 ‐2.58
ITC 279 286 ‐2.41
AdvanceDeclineRatio
BSE NSE
Advances 1379 932
Declines 1251 860
Unchanged 124 69
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 4428
MFFlows** 51583
*17
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)
18May2018
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
‐720
5.07%
(Jan‐17)
• Indian equity markets closed in the red after global crude oil prices hit
their highest level since Nov 2014 following tig htened supplies and
renewed U.S. sanctions on Iran. Concerns whether the ruling party will be
able to prove its majority in the southern state of Karnataka added to the
losses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.67% and
0.54% to close at 35,149.12 and 10,682.70, respectively. S&P BSE Mid‐
Cap and S&P BSE Small‐Cap grew 0.67% a nd 0.43%, respectively.
• The overall market breadth on BSE was strong with 1,379 scrips
advancing and 1,251 scrips declining. A total of 124 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE FMCG was the major loser, down
0.90%, followed by S&P BSE Bankex that fell 0.63%. S&P BSE Metal and
S&P BSE Basic Materials fell 0.59% and 0.39%, respectively. S&P BSE
Consumer Durables was the major gainer, up 1.37% followed by S&P BSE
Realty and S&P BSE Telecom that grew 0.41% and 0.40%, respectively.
• The Union cabinet has approved a new two‐tier mechanism to quickly
resolve commercial disputes of central public‐sector enterprises,
curtailing the need to file cases before courts. The new mechanism will
replace the existing Permanent Machinery of Arbitration mechanism. A
committee of secretaries of relevant administrative and secretary
department of legal affairs will look at the matter at the first‐tier level. If
the dispute remains unresolved, it will be referred to the Cabinet
Secretary at the second level (tier) and the decision will be final.
• The Union cabinet has approved signing of Exchange of Information and
Assistance in Collection agreement between India and Brunei. This will
enable both the countries to exchange information relevant to the
administration and enforcement of the domestic tax laws.
• The government of India has approved a funding of Rs. 5,000 crore to
establish micro irrigation fund ( MIF) under the National Bank for
Agriculture and Rural Development (NABARD). The investment is part of
the Prime Minister’s ‘per drop more crop’ initiative. The fund allocation
will be done in two instalments of Rs. 2,000 crore in FY19 and Rs. 3,000
crore in FY20. The i nitiative will bring around 69. 5 million hectares of area
under micro irrigation as against current coverage of only about 10
million hectares.
• L&T Construction, a subsidiary of Larsen and Toubro (L&T), has received
orders worth Rs. 2,440 crore for its power transmission and distribution
business. Per the order, the company will help bring electricity in urban
and rural areas, expand 33/11kV substations and replace conductors with
aerial bunched cables.
• Tata Steel’s profit of Rs. 10,187.23 crore for the quarter e nded M ar 31,
2018, as against a consolidated loss of Rs. 725.14 crore in the prior year
period. Consolidated total revenue surged 2.34% YoY to Rs. 32,132.30
crore for the quarter ended Mar 31.
• Asian markets mostly traded in lower as investors remained cautious
over outcome of trade talk between the U.S. and China and political
developments in Italy. However, some respite was seen on stronger
crude oil prices. Japanese market closed higher f ollowing gains in
technology and financial sectors. Today (as of May 18), Asian markets
opened mostly posi tive ignoring fall on the Wall Street overnight. Both
Hang Seng and Nikkei were trading higher 0.33% and 0.04%, respectively
(as at 8 a.m. IST).
• As per the last close, European markets rose after commodity related
stocks rallied and shares of one of the British online supermarket
received a deal with an U.S retail giant. Market participants continue to
keep a close eye on the political situation in Italy.
• As per the last close, U.S markets fell marginally after hovering between
gains and losses. The movement indicated that market participants are
uncertain about the second round of trade discussions between the U.S.
and China.
MarketsforYou
FIIDerivativeTradeStatistics 17‐May
(RsCr) Buy Sell OpenInt.
IndexFutures 1979.80 2616.63 18649.89
IndexOptions 140156.85 137886.25 76123.05
StockFutures 10046.90 10443.95 84829.10
StockOptions 7243.55 7265.09 9027.65
Total 159427.10 158211.92 188629.69
17‐May Prev_Day Change
PutCallRatio(OI) 1.46 1.52 ‐0.06
IndianDebtMarket
PutCallRatio(Vol) 0.90 0.97 ‐0.07
17‐May Wk.Ago Mth.Ago YearAgo
CallRate 5.92% 5. 89% 5.86% 6.04%
CBLO 5.93% 5. 97% 5.91% 6.17%
Repo 6.00% 6. 00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 6.00%
91DayT‐Bill 6.25% 6.26% 6.02% 6.27%
364DayT‐Bill 6.82% 6.64% 6.45% 6.47%
10YearGilt 7.88% 7.72% 7.49% 6.68%
G‐SecVol.(Rs.Cr) 14113 14375 25494 38309
CurrencyMarketUpdate
FBILMIBOR 6.05% 6.05% 6.00% 6.25%
3MonthCPRate 8. 20% 7.95% 6.90% 6.81%
5YearCorpBond 8.59% 8.49% 8.18% 7.45%
1MonthCDRate 6.78% 6.68% 6.50% 6.34%
3MonthCDRate 7.46% 7.10% 6.80% 6.45%
1YearCDRate 8.09% 7.94% 7.28% 6.82%
CommodityMarketUpdate
Currency 17‐May Prev_Day Change
USD/INR 67.72 67.83 ‐0.11
GBP/INR 91.65 91.68 ‐0.04
EURO/INR 79.89 80.29 ‐0.40
InternationalNews
JPY/INR 0.61 0.62 0.00
Commodity 17‐May WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 71.42 71.31 66.45 48.99
BrentCrude($/bl) 81.08 78.58 72.30 51.40
Gold($/oz) 1290 1321 1347 1260
Gold(Rs./10gm) 30826 31261 31099 28294
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
18May2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty May 2018 Futures were at 10,696.2 points, a premium of 13.50
points, above t he spot closing of 10,682.70. The turnover on NSE’s
Futures and Options segment went up to Rs. 14,32,762.88 crore on May
17 from Rs. 11,06,656.89 cr ore on May 16.
•ThePut‐Call ratio stood at 0.87 against previous session’s close of 0.84.
• The Nifty Put‐Call ratio stood at 1.46 against the previous session’s
close of 1.52.
• India VIX moved down 0.74% t o 13.33 50 from 13.4350 in the previous
trading session.
• Open i n terest on Nifty Futures remained unchanged at 24.90 million
from the previous session’s close.
• Bond yields fell after the Reserve Bank of India’s (RBI) Open Market
Operation (OMO) to purchase bonds was fully accepted, defying market
expectations for a partial subscription. Nonetheless, investors remained
cautious on the back of increasing U.S. Treasury yields and global crude
oil prices.
•Yieldonthe10‐y ear benchmark paper (7.17% GS 2028) fell 2 bps to
close at 7 .88% from the previous close of 7.90%. During the session,
bond yields traded in the range of 7.88% and 7.94%.
• RBI conducted OMO purchase for a notified amount of Rs. 10,000
crore, which was fully accepted. Amount acce pted for 8 .12% GS 2020,
7.72% GS 2025 and 6.79% GS 2027 bonds were Rs. 6,653 crore, Rs. 810
crore and Rs. 3,266 crore, respectively. However, no offers were
accepted for 8.24% GS 2033.
• The Indian rupee strengthened against the U.S. dollar following selling
of the greenback by state‐run banks. The rupee rose 0.14% to close at
67.70 per dollar from the previous close of 67.79.
• The euro inched down against the greenback as market participants
was cautious about the persisting political risks in Italy. Perception that
interest rates in the U.S. may go up further also strengthened the
greenback. Euro was last seen trading at $1.1804, down 0.03% compared
with its previous close $1.1807.
• Gold prices gained marginally ahead of some key economic data in the
U.S. and on uncertainty over pace of rate hike by the U.S. Federal
Reserve.
• Brent crude prices touched a multi‐year high on concerns over fall in
global supply following renewed U.S. sanctions on Iran.
• A report from the U.S. Federal Reserve showed that U.S. industrial
production surpassed market expectations and grew 0.7% in Apr 2018,
but remained unchanged f rom the upwardly revised gain in Ma r 2018
(0.5%gainoriginallyreported).Thebiggerthanexpectedgainin
production was partly due to increase in utilities output that grew 1.9%
in Apr as a gainst a gain of 6.1% in Mar. Mining output surged 1.1% in Apr
and manufacturing output surged 0.5%.
• A report from the Commerce Department showed that U.S. housing
starts f ell 3.7% to an an nual rate of 1.287 million in Apr 2018 as against a
gain of 3.6% to an upwardly revised 1.336 million ( 1.319 million originally
reported) in Mar 2018.
MarketsforYou
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