22 May 2018
Markets for You
Global Indices
Global Indices 21-May Prev_Day Abs. Change
% Change
#
Dow Jones 25,013 24,715 298 1.21
Nasdaq 7,394 7,354 40 0.54
FTSE 7,859 7,779 80 1.03
Nikkei 23,002 22,930 72 0.31
Hang Seng 31,234 31,048 186 0.60
Indian Indices 21-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,616 34,848 -232 -0.67
Nifty 50 10,517 10,596 -80 -0.75
Nifty 100 10,815 10,908 -93 -0.86
Nifty Bank 25,751 25,876 -125 -0.48
SGX Nifty 10,508 10,573 -65 -0.61
S&P BSE Power 2,084 2,106 -22 -1.06
S&P BSE Small Cap 16,946 17,327 -380 -2.20
S&P BSE HC 12,686 13,018 -332 -2.55
Date P/E Div. Yield P/E Div. Yield
21-May 23.71 1.18 26.08 1.22
Month Ago 23.59 1.14 26.22 1.21
Year Ago 21.99 1.33 24.91 1.22
Nifty 50 Top 3 Gainers
Company 21-May Prev_Day
% Change
#
SBI 244 239 2.34
BPCL 394 386 1.94
Bharti Infratel 322 316 1.76
Nifty 50 Top 3 Losers Domestic News
Company 21-May Prev_Day
% Change
#
Sun Pharma 444 465 -4.55
Dr.Reddy 1893 1982 -4.49
United Phos 683 709 -3.79
Advance Decline Ratio
BSE NSE
Advances 653 355
Declines 2003 1469
Unchanged 146 60
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 3741
MF Flows** 53210
*21
st
May 2018; **18
th
May 2018
Economic Indicator
YoY(%) Current Year Ago
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)
22 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
Sensex
Nifty
7.10%
(Dec-17)
6.50%
(Sep-17)
Quarter Ago
Inflow/Outflow
55
-276
5.07%
(Jan-17)
• Political uncertainty over government formation in Karnataka
continued to keep the Indian equity markets under pressure. Further,
rising oil prices and higher U.S. bond yields weighed on the market
sentiment. Meanwhile, easing concerns over trade war between U.S. and
China cushioned the fall.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.67% and
0.75% to close at 34,616.13 and 10,516.70, respectively. S&P BSE Mid-
Cap and S&P BSE Small-Cap fell 1.64% and 2.20%, respectively.
• The overall market breadth on BSE was weak with 2,003 scrips
declining and 653 scrips advancing. A total of 146 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Realty was the major loser, down
3.11%, followed by S&P BSE Healthcare that fell 2.55%. S&P BSE
Consumer Durables and S&P BSE Industrials fell 2.07% and 2.03%,
respectively. S&P BSE Information Technology was the major gainer, up
0.14% followed by S&P BSE Oil & Gas and S&P BSE Teck that grew 0.10%
and 0.07%, respectively.
• According to media reports, the Ministry of Finance will extend all
possible assistance to the eleven state run banks that are being placed
under the Reserve Bank of India’s Prompt Corrective Action (PCA)
framework. The Ministry of Finance further added that each of the banks
will come out with an action plan to improve their performance.
• According to media reports, the formal government and corporate
sector of the nation (India Inc.) has urged the Indian government to
lower excise duty on petrol and diesel immediately. The development
comes amid increase in global crude oil prices that have fueled worries
among market participants. India Inc. also urged the government to bring
automobile fuels under the purview of Goods and Services Tax (GST).
• According to media reports, increase in global crude oil prices may
widen the current account deficit of the country to 2.5% of the GDP in
the current fiscal. This is because increase in global crude oil prices will
adversely impact the imports of the country. The report also advocated
for measures to boost exports of the country.
• According to media reports, the IT ministry may come out with a slew
of measures to give a fillip to electronics export in the country. The new
measures are expected to improve the ease of doing business within the
country and remove hindrances that companies face while exporting to
overseas markets.
• According to media reports, the IT ministry may come out with a slew
of measures to give a fillip to electronics export in the country. The new
measures are expected to improve the ease of doing business within the
country and remove hindrances that companies face while exporting to
overseas markets.
• Hyundai announced increase in profit by 6% to Rs. 22 billion in 2017.
Revenue of the company also increased by 6% in 2017.
• As per media reports, Punjab National Bank’s local and foreign
currency deposit rating has been downgraded by a major global rating
agency to junk.
• Asian markets rose on the back of easing concerns over U.S.–China
trade war. In the latest development, both the nations have agreed to
put the trade war on hold and build a framework to address trade
imbalances in the future. Today (as of May 22), Asian markets opened on
a soft note despite gains in Wall Street in the last session. Most of the
Nikkei’s subsectors traded lower. However, steel and oil stocks
witnessed gains. Nikkei fell 0.08% (as at 8.a.m. IST). Hang seng remained
closed.
• As per the last close, European markets ended on a higher note as
investors were encouraged by the easing trade tensions between the
U.S. and China after U.S. Treasury Secretary stated that both countries
are putting the trade war on hold. However, trading was a bit thinner in
Europe as several markets were closed.
• As per the last close, U.S markets ended higher due to optimism about
a positive outcome from trade talks between the U.S. and China after
trade war was kept on hold. Gains in natural gas and transportation
stocks boosted the indices.
Markets for You
FII Derivative Trade Statistics 21-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 1973.11 3407.42 20221.89
Index Options 64921.87 65749.16 74376.32
Stock Futures 10735.02 10975.31 84484.69
Stock Options 9708.87 9770.53 9537.92
Total 87338.87 89902.42 188620.82
21-May Prev_Day
Change
Put Call Ratio (OI) 1.28 1.36 -0.08
Indian Debt Market
Put Call Ratio(Vol) 0.92 0.92 0.00
21-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.96% 5.91% 5.97% 6.06%
CBLO 6.00% 6.00% 6.01% 6.05%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 6.00%
91 Day T-Bill 6.25% 6.12% 6.13% 6.23%
364 Day T-Bill 6.80% 6.56% 6.00% 6.47%
10 Year Gilt 7.81% 7.83% 7.72% 6.70%
G-Sec Vol. (Rs.Cr) 27694 21083 43122 42883
Currency Market Update
FBIL MIBOR 6.05% 6.01% 6.01% 6.25%
3 Month CP Rate 8.30% 7.95% 7.05% 6.75%
5 Year Corp Bond 8.57% 8.52% 8.42% 7.45%
1 Month CD Rate 7.10% 6.61% 6.56% 6.30%
3 Month CD Rate 7.71% 7.41% 6.79% 6.43%
1 Year CD Rate 8.12% 7.89% 7.43% 6.84%
Commodity Market Update
Currency 21-May Prev_Day
Change
USD/INR 68.09 67.96 0.13
GBP/INR 91.41 91.88 -0.47
EURO/INR 79.93 80.28 -0.35
International News
JPY/INR 0.61 0.61 0.00
Commodity 21-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 72.21 70.96 68.21 50.27
Brent Crude($/bl) 79.33 79.16 75.36 52.42
Gold( $/oz) 1292 1312 1335 1255
Gold(Rs./10 gm) 30881 31427 31298 28659
Source: Thomson Reuters Eikon
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22 May 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty May 2018 Futures were at 10,538.75 points, a premium of 22.05
points, above the spot closing of 10,516.70. The turnover on NSE’s
Futures and Options segment went up to Rs. 6,35,473.34 crore on May
21 from Rs. 5,32,191.61 crore on May 18.
• The Put-Call ratio stood at 0.84 against previous session’s close of
0.85.
• The Nifty Put-Call ratio stood at 1.28 against the previous session’s
close of 1.36.
• Open interest on Nifty Futures stood at 24.74 million as against the
previous session’s close at 25.53 million.
• Bond yields fell on expectations that the Reserve Bank of India (RBI)
will conduct another open market purchase of bonds soon, thereby
easing the supply pressure.
• Yield on the 10-year benchmark paper (7.17% GS 2028) fell 2 bps to
close at 7.81% from the previous close of 7.83%. During the session,
bond yields traded in the range of 7.80% and 7.90%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 10,668 crore (gross) on May 21 compared with
Rs. 12,419 crore on May 18. Sale of securities under RBI’s reverse repo
window stood at Rs. 11,158 crore on May 18.
• Banks borrowed Rs. 155 crore under the central bank’s Marginal
Standing Facility on May 17 as against borrowing of Rs. 250 crore on
May 16.
• The Indian rupee weakened and touched 16 month low against the
U.S. dollar following decline in Asian counterparts. The rupee fell 0.17%
to close at 68.12 per dollar from the previous close of 68.01
• Euro fell marginally against the U.S. dollar on easing concerns of a
trade war between the U.S. and China. Euro was last seen trading at
$1.1766 compared with the previous close of $1.1775.
• Gold prices traded lower post the recent negotiation between China
and the U.S. where both the countries have agreed to put a halt on
imposing import tariffs and have decided to set up a framework to
address the related issue.
• Brent crude inched down on higher crude oil production in U.S.
• A report from the property tracking website Rightmove showed that
U.K.’s house prices were up 0.8% MoM in May 2018 as against an
increase of 0.4% in Apr 2018. House prices grew 1.1% in May on yearly
basis, down from 1.6% in Apr.
• According to a report from Ministry of Finance, Japan’s merchandise
trade surplus came in at 625.977 billion yen in Apr 2018, up 30.9% on
year as against downwardly revised 797.0 billion yen surplus in Mar
2018 (797.3 billion yen originally reported). Exports were up 7.8% on
year to 6.822 trillion yen in Apr as against an increase of 2.1% in Mar.
• A report from the Census and Statistics Department showed that
Hongkong’s consumer prices grew 1.9% YoY in Apr 2018, down from
2.6% increase witnessed in Mar 2018.
Markets for You
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