25 May 2018
Markets for You
Global Indices
Global Indices 24-May Prev_Day Abs. Change
% Change
#
Dow Jones 24,812 24,887 -75 -0.30
Nasdaq 7,424 7,426 -2 -0.02
FTSE 7,717 7,788 -72 -0.92
Nikkei 22,437 22,690 -253 -1.11
Hang Seng 30,760 30,666 95 0.31
Indian Indices 24-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,663 34,345 318 0.93
Nifty 50 10,514 10,430 84 0.80
Nifty 100 10,827 10,751 77 0.71
Nifty Bank 26,017 25,685 332 1.29
SGX Nifty 10,514 10,428 86 0.82
S&P BSE Power 2,080 2,085 -5 -0.22
S&P BSE Small Cap 16,954 16,977 -23 -0.14
S&P BSE HC 12,908 12,781 127 0.99
Date P/E Div. Yield P/E Div. Yield
24-May 22.48 1.18 26.07 1.22
Month Ago 23.62 1.14 26.35 1.21
Year Ago 22.16 1.33 24.73 1.23
Nifty 50 Top 3 Gainers
Company 24-May Prev_Day
% Change
#
Bharti Airtel 372 357 4.23
TCS 3604 3495 3.11
Infosys 1221 1185 3.05
Nifty 50 Top 3 Losers Domestic News
Company 24-May Prev_Day
% Change
#
Tata Motors 289 309 -6.72
ONGC 168 175 -4.39
GAIL 310 323 -4.16
Advance Decline Ratio
BSE NSE
Advances 1255 818
Declines 1391 970
Unchanged 133 80
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 1612
MF Flows** 56282
*24
th
May 2018; **23
rd
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)
25 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
Nifty
7.10%
(Dec-17)
6.50%
(Sep-17)
Quarter Ago
Inflow/Outflow
760
-262
5.07%
(Jan-17)
• Indian equity markets closed in the green after a weak rupee drove IT
stocks higher. Decline in oil & gas stocks following concerns that the
government would impose a windfall tax on oil producers to soften fuel
prices capped the gains. Investors kept their eyes on global markets that
remained mixed over the fate of trade talks between the U.S. and China
coupled with uncertainty about the U.S.-North Korea summit.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.93% and
0.80% to close at 34,663.11 and 10,513.85, respectively. S&P BSE Mid-Cap
and S&P BSE Small-Cap fell 0.24% and 0.14%, respectively.
• The overall market breadth on BSE was weak with 1,391 scrips declining
and 1,255 scrips advancing. A total of 133 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Oil & Gas was the major loser, down
1.72%, followed by S&P BSE Auto that fell 1.56%. S&P BSE Utilities and
S&P BSE Industrials fell 1.03% and 0.72%, respectively. S&P BSE
Information Technology was the major gainer, up 2.45% followed by S&P
BSE Teck and S&P BSE Telecom that grew 2.37% and 2.23%, respectively.
• According to media reports, government tenders worth Rs. 13,000 crore
were either cancelled or withdrawn. The development took place after
the Department of Industrial Policy and Promotion changed regulations
for promoting ‘made in India’ goods with a broader objective of boosting
income and employment within the country.
• Data from a major domestic credit rating agency showed that non-
performing assets (NPAs) of 26 banks (of which 14 are state-run banks
and 12 are private banks) in the Indian banking system grew to Rs. 7.31
lakh crore in Mar 2018 from Rs. 4.82 lakh crore in the same period of the
previous year. This corresponds to an increase of more than 50% during
the same time period. State-run banks accounted for nearly Rs. 6.16 lakh
crore of the total NPAs while the remaining Rs. 1.15 lakh crore came from
private banks.
• According to the Financial Services secretary, the government will
provide the required capital support to the state-run banks. The remark
assumes significance after a major state-run bank reported record loss of
Rs. 7,718 crore. The government is of the view that most of the state-run
banks have reported losses in the fourth quarter of FY18 as they have
made higher provisions for bad loans or non-performing assets.
• Jet Airways posted a net loss of Rs. 1,045 crore in the fourth quarter of
FY18. It had registered a net profit of Rs. 601.71 crore in the same period
of the previous year. Total expenses grew 25% to Rs. 7,091.15 crore,
which can be attributed to a 56% increase in plane maintenance costs.
• Grasim Industries registered a net profit of Rs. 373 crore in the fourth
quarter of FY18, an increase of 18% compared with the same period of
the previous year. Revenue from operations grew 48% to Rs. 4,606 crore.
However, stamp duty on acquisition of assets to the tune of Rs. 213 crore
pulled down the company’s profits.
• According to media reports, the Department of Telecom gave its
approval for sale of standalone mobile towers of Idea Cellular for Rs.
4,000 crore o the Indian arm of American Tower Corporation.
Markets for You
• Asian markets witnessed a mixed trend as the positive impact of dovish
minutes of U.S. Federal Reserve’s latest policy meeting was neutralised by
media reports stating that U.S. is considering imposing new duties on
automobile imports. Today (as of May 25), Asian markets opened mostly
lower after the U.S. President canceled the summit with North Korea.
Nikkei was up 0.19% and Hang Seng fell 0.40% (as at 8.a.m. IST).
• As per the last close, European markets ended lower after the U.S.
President called off the summit with North Korea. Also, announcement
from the U.S. that it plans to investigate whether imports of automobiles
and parts harms U.S. national security weighed on the market.
• As per the last close, U.S markets ended lower after the U.S. President
canceled the summit with North Korea and fall in crude oil prices.
Lingering trade concerns after the Commerce Secretary initiated an
investigation into whether imports of automobiles and parts threaten to
impair U.S. national security further weighed on market.
FII Derivative Trade Statistics 24-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 2181.34 3921.34 22383.16
Index Options 97626.28 97787.23 73702.70
Stock Futures 11379.95 11220.98 84191.18
Stock Options 10004.41 10006.21 10357.74
Total 121191.98 122935.76 190634.78
24-May Prev_Day
Change
Put Call Ratio (OI) 1.29 1.18 0.11
Indian Debt Market
Put Call Ratio(Vol) 0.96 0.79 0.17
24-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.92% 5.92% 5.82% 6.07%
CBLO 5.95% 5.93% 5.95% 6.11%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 6.00%
91 Day T-Bill 6.20% 6.25% 6.15% 6.27%
364 Day T-Bill 6.80% 6.82% 6.45% 6.46%
10 Year Gilt 7.87% 7.88% 7.68% 6.68%
G-Sec Vol. (Rs.Cr) 17063 14113 42160 30687
Currency Market Update
FBIL MIBOR 6.10% 6.05% 6.02% 6.25%
3 Month CP Rate 8.40% 8.20% 7.25% 6.73%
5 Year Corp Bond 8.72% 8.61% 8.36% 7.45%
1 Month CD Rate 6.81% 6.78% 6.70% 6.24%
3 Month CD Rate 7.83% 7.46% 6.67% 6.41%
1 Year CD Rate 8.19% 8.09% 7.50% 6.86%
Commodity Market Update
Currency 24-May Prev_Day
Change
USD/INR 68.39 68.21 0.17
GBP/INR 91.44 91.43 0.01
EURO/INR 80.14 80.24 -0.10
International News
JPY/INR 0.62 0.62 0.01
Commodity 24-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 70.72 71.42 67.64 50.94
Brent Crude($/bl) 79.89 81.08 76.60 52.93
Gold( $/oz) 1304 1290 1330 1258
Gold(Rs./10 gm) 31164 30826 31131 28701
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
25 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 10,505.2 points, a discount of 8.65
points, below the spot closing of 10,513.85. The turnover on NSE’s
Futures and Options segment went up to Rs. 15,16,746.20 crore on May
24 from Rs. 8,83,831.89 crore on May 23.
• The Put-Call ratio stood at 0.84 against previous session’s close of 0.83.
• The Nifty Put-Call ratio stood at 1.29 against the previous session’s
close of 1.18.
• Open interest on Nifty Futures stood at 24.46 million as against the
previous session’s close at 24.78 million.
• Bond yields rose following subdued chances of open market purchase
of notes by the central bank. Fall in demand ahead of fresh supply of
bonds on May 25 also dampened investor sentiment.
• Yield on the 10-year benchmark paper (7.17% GS 2028) rose 2 bps to
close at 7.87% from the previous close of 7.85%. During the session,
bond yields traded in the range of 7.83% and 7.88%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,943 crore (gross) on May 24 compared with
Rs. 14,767 crore (gross) on May 23. Sale of securities under RBI’s reverse
repo window stood at Rs. 11,705 crore on May 23.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on May 23 as against borrowing of Rs. 150 crore on May 22.
• The Indian rupee gained against the greenback after minutes of U.S.
Federal Reserve’s latest policy meeting indicated that rate hike might
occur moving forward, but not at aggressive pace. Gains in the domestic
market also supported rupee. The rupee rose 0.11% to close at 68.34
per dollar from the previous close of 68.42.
• Euro rose against the greenback after minutes of the last U.S. Federal
Reserve meeting indicated rate hike in future, but not aggressively. Euro
was last seen trading at $1.1732, up 0.31% compared with the previous
close of $1.1696.
• Gold prices gained ahead of some key economic data releases in the
U.S. and on persistent concerns over U.S.-China trade war.
• Brent crude prices eased after the U.S. oil inventories rose 5.8 million
barrels in the week to May 18.
• According to a report from the Commerce Department, U.S. new
home sales fell 1.5% to an annual rate of 662,000 in Apr 2018 as against
a gain of 2% to a revised rate of 672,000 (694,000 originally reported) in
Mar 2018. New home sales witnessed steep fall in West. However, it
grew in Northeast and South.
• According to the minutes of European Central Bank's rate-setting
session on Apr 25-26, policymakers have agreed that the underlying
growth momentum in the eurozone remained intact. However,
uncertainty regarding the outlook has increased.
• A report from the Destatis showed that Germany’s gross domestic
product grew 0.3% sequentially in the first quarter 2018, down from
0.6% expansion witnessed in the previous quarter. This marked the
lowest growth in more than a year period.
Markets for You
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