24 May 2018
Markets for You
Global Indices
Global Indices 23-May Prev_Day Abs. Change
% Change
Dow Jones 24,887 24,834 52 0.21
Nasdaq 7,426 7,378 48 0.64
FTSE 7,788 7,877 -89 -1.13
Nikkei 22,690 22,960 -271 -1.18
Hang Seng 30,666 Closed NA NA
Indian Indices 23-May Prev_Day Abs. Change
% Change
S&P BSE Sensex 34,345 34,651 -306 -0.88
Nifty 50 10,430 10,537 -106 -1.01
Nifty 100 10,751 10,853 -102 -0.94
Nifty Bank 25,685 25,778 -93 -0.36
SGX Nifty 10,428 10,540 -112 -1.06
S&P BSE Power 2,085 2,087 -2 -0.08
S&P BSE Small Cap 16,977 17,057 -80 -0.47
S&P BSE HC 12,781 12,830 -48 -0.37
Date P/E Div. Yield P/E Div. Yield
23-May 22.28 1.19 25.86 1.23
Month Ago 23.48 1.14 26.27 1.21
Year Ago 22.36 1.32 24.80 1.22
Nifty 50 Top 3 Gainers
Company 23-May Prev_Day
% Change
SBI 263 254 3.66
Tech Mahindra 697 686 1.61
Cipla 532 524 1.60
Nifty 50 Top 3 Losers Domestic News
Company 23-May Prev_Day
% Change
HPCL 287 312 -7.97
Vedanta 253 270 -6.41
Tata Steel 540 577 -6.37
Advance Decline Ratio
Advances 1068 698
Declines 1587 1117
Unchanged 122 66
Institutional Flows (Equity)
Description (Cr)
FII Flows* 1875
MF Flows** 53132
May 2018; **18
May 2018
Economic Indicator
YoY(%) Current Year Ago
24 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
Quarter Ago
Stock specific weaknesses kept domestic equity markets under pressure.
Stocks of oil companies fell amid concerns that the government may ask
them to share the burden of higher petrol and diesel prices. Decline in
one of the mining majors following protests in its copper plant also
weighed on the indices. Furthermore, soft global cues after the U.S.
President showed dissatisfactions towards U.S.-China trade talks dented
market sentiments.
Key benchmark indices, S&P BSE Sensex and Nifty 50 fell 0.88% and
1.01% to close at 34,344.91 and 10,430.35, respectively. S&P BSE Mid-Cap
and S&P BSE Small-Cap fell 0.24% and 0.47%, respectively.
The overall market breadth on BSE was strong with 1,587 scrips
declining and 1,068 scrips advancing. A total of 122 scrips remained
On the BSE sectoral front, S&P BSE Metal was the major loser, down
3.93%, followed by S&P BSE Oil & Gas that fell 3.45%. S&P BSE Energy and
S&P BSE Basic Materials fell 2.52% and 2.11%, respectively. S&P BSE
Consumer Durables was the major gainer, up 0.29% followed by S&P BSE
Capital Goods that grew 0.06%.
According to the ministry of finance, India’s net direct tax collection in
FY18 stood at Rs. 10.03 lakh crore. This corresponds to an increase of 18%
on a yearly basis. India’s net direct tax collection rate was thus the fastest
in the last seven fiscal years.
According to media reports, the government is considering raising
import duty on wheat to 40% from 20%. The objective of the move is to
protect local farmers from cheap imports. As per the government’s third
advance estimate, India is expected to produce a record 98.61 million
tonnes of wheat in 2017-18 crop year. According to reports, millers in
South India are prominent buyers of wheat from Russia, Australia and
Ukraine and an increase in import duty will deter them to import wheat
from overseas.
According to media reports, the central government will come out with
a model law on contract farming and services in agriculture crops,
livestock, dairy and poultry products. The objective of the move is to
ensure better price for farmers and thereby help farmers double their
income by 2022. Contract farming is a pre-production agreement between
farmers and sponsors.
According to media reports, Tata Motors reported 49.82% decline in
consolidated net profit to Rs 2,176.16 crore for the quarter ended Mar,
2018. Tata Motors had witnessed a net profit of Rs. 4,336.43 crore in the
same period of the previous year.
According to media reports, Dr Reddy's Laboratories reported a 3.29%
fall in its consolidated net profit to Rs. 302.20 crore for the fourth quarter
ended Mar, 2018 that can be attributed to persisting headwinds in the
According to media reports, Sun Pharma has received approval from the
U.S. health regulator for YONSA which will be used for treatment of a
form of prostate cancer.
According to media reports, L&T Construction has received an order
worth Rs. 1,425 crore in the domestic market.
Markets for You
Asian stock markets mostly traded lower on negative cues from
overnight U.S. markets after U.S. President raised his concerns over the
U.S.-China trade talks and upcoming summit with North Korea. Stronger
yen and fall in crude oil prices further weighed on the sentiments.
However, respite was seen following Chinese Finance Ministry’s
statement that the country is likely to cut import duties on passenger
vehicles from Jul 1. Today (as of May 24), Asian markets opened lower as
investors remained cautious amid ongoing trade talks between the U.S.
and China. Both Nikkei and Hang Seng grew 1.26% and 0.08%, respectively
(as at 8.a.m. IST).
As per the last close, European markets ended lower following
uncertainty over the political situation in Italy. Weak private sector
activity data from eurozone in May 2018 and ongoing trade talks between
the U.S. and China further added to losses.
As per the last close, U.S markets ended higher after the minutes from
the U.S. Federal Reserve showed that the central bank will be comfortable
if inflation temporarily run above its target of 2%.
FII Derivative Trade Statistics 23-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 1180.59 1988.88 21764.20
Index Options 81733.37 81817.91 73096.79
Stock Futures 12214.39 12234.40 84290.64
Stock Options 10483.89 10530.38 10296.96
Total 105612.24 106571.57 189448.59
23-May Prev_Day
Put Call Ratio (OI) 1.18 1.23 -0.05
Indian Debt Market
Put Call Ratio(Vol) 0.79 0.78 0.01
23-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.97% 5.89% 5.90% 6.06%
CBLO 6.01% 5.96% 5.99% 6.04%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 6.00%
91 Day T-Bill 6.35% 6.32% 6.15% 6.25%
364 Day T-Bill 6.82% 6.74% 6.45% 6.46%
10 Year Gilt 7.85% 7.90% 7.74% 6.67%
G-Sec Vol. (Rs.Cr) 21519 17636 29374 63204
Currency Market Update
FBIL MIBOR 6.10% 6.05% 6.00% 6.25%
3 Month CP Rate 8.40% 8.00% 7.15% 6.74%
5 Year Corp Bond 8.65% 8.59% 8.44% 7.42%
1 Month CD Rate 6.83% 6.66% 6.58% 6.28%
3 Month CD Rate 7.84% 7.33% 6.69% 6.42%
1 Year CD Rate 8.25% 8.07% 7.45% 6.87%
Commodity Market Update
Currency 23-May Prev_Day
USD/INR 68.21 68.02 0.20
GBP/INR 91.43 91.25 0.18
EURO/INR 80.24 80.07 0.17
International News
JPY/INR 0.62 0.61 0.00
Commodity 23-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 71.80 71.38 67.56 51.07
Brent Crude($/bl) 79.68 79.18 75.43 52.83
Gold( $/oz) 1293 1290 1324 1251
Gold(Rs./10 gm) 31176 30954 31213 28853
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
24 May 2018
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty May 2018 Futures were at 10426.60 points, a discount of 3.75
points, below the spot closing of 10,430.35. The turnover on NSE’s
Futures and Options segment went up to Rs. 8,83,831.89 crore on May
23 from Rs. 7,02,865.80 crore on May 22.
The Put-Call ratio stood at 0.83 against previous session’s close of 0.78.
The Nifty Put-Call ratio stood at 1.18 against the previous session’s
close of 1.23.
India VIX moved up 4.88% to 14.2675 from 13.5575 in the previous
trading session.
Open interest on Nifty Futures stood at 24.78 million as against the
previous session’s close at 24.61 million.
Bond yields rose due to decline in rupee following renewed concerns
over U.S. and China trade talks and as investors remained cautious
ahead of the release of the minutes of U.S. Federal Reserve’s May
2018’s policy meeting.
However, expectations of announcement of another open market
purchase of notes this week capped the losses.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 4 bps to
close at 7.85% from the previous close of 7.81%. During the session,
bond yields traded in the range of 7.82% and 7.87%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 14,767 crore (gross) on May 23 compared with
Rs. 16,812 crore (gross) on May 22. Sale of securities under RBI’s reverse
repo window stood at Rs. 7,853 crore on May 22.
The Indian rupee plunged against the greenback as obstructions in
trade talks between the U.S. and China renewed fears of trade war. The
rupee fell 0.56% to close at 68.42 per dollar from the previous close of
Euro fell against the greenback following preliminary data showing
slowdown in European business activity in May 2018. Also, political
uncertainty in Italy weighed on the euro. Euro was last seen trading at
$1.1700, down 0.66% compared with the previous close of $1.1778.
The safe-haven appeal of the metal gained on concerns over
geopolitical tensions after the U.S. President raised his concerns on U.S.-
China trade talk and upcoming summit with North Korea.
Brent crude prices fell after U.S. oil inventories declined by 1.3 million
barrels for the week ending May 18.
Preliminary data from IHS Markit showed that the composite output
index of the euro zone economy fell to an 18-month low of 54.1 in May
from 55.1 in Apr. The manufacturing Purchasing Managers' Index (PMI)
fell more-than-expected to 55.5 from 56.2 in Apr while the services PMI
came in at 53.9.
Data from the Office for National Statistics showed that U.K. inflation
slowed to a 13-month low in Apr 2018. Consumer Prices grew 2.4% on a
yearly basis in Apr 2018, slower than 2.5% in Mar 2018. On a monthly
basis consumer prices grew 0.4%. Core inflation excluding energy, food,
alcoholic beverages and tobacco, slowed to 2.1% from 2.3% in the
previous month.
Markets for You
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