30 May 2018
Markets for You
Global Indices
Global Indices 29-May Prev_Day Abs. Change
% Change
#
Dow Jones 24,361 Closed NA NA
Nasdaq 7,397 Closed NA NA
FTSE 7,633 Closed NA NA
Nikkei 22,358 22,481 -123 -0.55
Hang Seng 30,485 30,792 -308 -1.00
Indian Indices 29-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,949 35,165 -216 -0.61
Nifty 50 10,633 10,689 -55 -0.52
Nifty 100 10,983 11,034 -50 -0.46
Nifty Bank 26,255 26,614 -359 -1.35
SGX Nifty 10,621 10,671 -50 -0.47
S&P BSE Power 2,133 2,135 -2 -0.11
S&P BSE Small Cap 17,380 17,426 -45 -0.26
S&P BSE HC 13,214 13,319 -106 -0.80
Date P/E Div. Yield P/E Div. Yield
29-May 22.79 1.16 27.06 1.21
Month Ago 23.71 1.13 26.54 1.20
Year Ago 22.64 1.29 24.31 1.19
Nifty 50 Top 3 Gainers
Company 29-May Prev_Day
% Change
#
Bosch 18557 18094 2.56
M&M 870 850 2.39
GAIL 343 336 1.95
Nifty 50 Top 3 Losers Domestic News
Company 29-May Prev_Day
% Change
#
Aurobindo Pharma 579 605 -4.37
ICICI Bank 290 299 -3.12
SBI 264 272 -2.85
Advance Decline Ratio
BSE NSE
Advances 1214 832
Declines 1470 967
Unchanged 159 70
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -640
MF Flows** 58263
*29
th
May 2018; **25
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)
30 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
774
379
5.07%
(Jan-17)
• Indian equity markets closed in the red due to decline in banking stocks
as losses of public sector banks widened in the fourth quarter of FY18 on
higher bad loan provisions. Meanwhile, political uncertainty in Spain,
possibility of fresh elections in Italy as well uncertainty over U.S. and
North Korea summit weighed on the market sentiments, thereby adding
to the losses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.61% and
0.52% to close at 34,949.24 and 10,633.30, respectively. S&P BSE Mid-Cap
and S&P BSE Small-Cap fell 0.44% and 0.26%, respectively.
• On the BSE sectoral front, S&P BSE Oil & Gas was the major gainer, up
0.49% followed by S&P BSE Auto and S&P BSE Information Technology
that grew 0.43% and 0.34%, respectively. S&P BSE Bankex was the loser,
down 1.61% followed by S&P BSE Finance and S&P BSE Healthcare that
fell 1.12% and 0.8%. S&P BSE Consumer Durables and S&P BSE Realty fell
0.77% and 0.76%, respectively.
• Among the 31-stock sensitive Sensex pack, Mahindra & Mahindra was
the major gainer, up 2.26%, followed by Bharti Airtel and Infosys that
grew 1.08% and 0.72%, respectively. ICICI Bank was the major loser, down
2.87%.
• According to a major credit rating agency, growth in income tax
collection of India has surged to 26.8% in FY17 and 21.0% in FY18 from
8.2% in FY16. Similarly, the corporate tax growth increased to 7.0% and
16.3% in FY18 and FY19, respectively, from 5.7% in FY17. As per the
agency, number of new income tax filers has increased significantly
following the Income Declaration Scheme and demonetisation.
• According to the India Meteorological Department (IMD), the Southwest
Monsoon has hit most parts of Kerala and some parts of Tamil Nadu.
Thereby, marking the arrival of rainy season three days before its
scheduled arrival. The pre-arrival of monsoon in the country has brought
good news to the agriculture sector as half of India’s farmland depends on
annual Jun-Sep rains to grow several crops. IMD had also previously
forecasted that this year will be the third year for the normal monsoon
with very less chance of rain deficit.
• Coal India reported profit of Rs. 1,295 crore for quarter ended Mar 2018
which was more than half of Rs. 2,719 crore in the quarter ended Mar
2017. The reason behind the steep fall in profit was increase in employee
benefit expenses to Rs. 16,654 crore from Rs. 9,241 crore.
• Mahindra & Mahindra reported surge in net profit by 50% YoY to Rs.
1,155 crore in the quarter ended Mar 2018 as against profit of Rs. 770
crore in the quarter ended Mar 2017. Total income of the company rose
24% to Rs. 13,355 crore compared with Rs. 10,795 crore in the year ago
quarter.
• Aurobindo Pharma reported marginal decline of 7.45% in net profit from
Rs. 532.5 crore in quarter ended Mar 2017 to Rs. 528.5 crore in the
quarter ended Mar 2018. However, revenue from operations rose to Rs.
4,049 crore in Mar 2018 quarter as against Rs. 3,642 crore in Mar 2017
quarter.
• BHEL reported increase in net profit to Rs. 457 crore in the quarter
ended Mar 2018 which is twice of Rs. 215.55 crore profit recorded in the
quarter ended Mar 2017.
Markets for You
• Asian markets closed in the red amid cautious stance over political
development in Italy. Growing speculation over probable fresh election in
the nation overshadowed optimism over revival in diplomatic relation
between U.S. and North Korea. Today (as of May 30), Asian markets
opened lower following political uncertainty in Italy. Both Nikkei and Hang
Seng were down 1.41% and 1.14%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed lower as concerns over
the political situations in both Italy and Spain weighed on investor
sentiment.
• As per the last close, U.S. market was closed lower following selling of
stocks by the investors amid political uncertainty in Italy.
FII Derivative Trade Statistics 29-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 4451.02 3971.43 24562.46
Index Options 75063.06 74582.07 75681.63
Stock Futures 24498.67 24060.22 84824.25
Stock Options 9354.54 9503.62 10773.25
Total 113367.29 112117.34 195841.59
29-May Prev_Day
Change
Put Call Ratio (OI) 1.40 1.52 -0.12
Indian Debt Market
Put Call Ratio(Vol) 1.01 1.11 -0.10
29-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.89% 5.97% 6.02% 6.09%
CBLO 5.84% 6.01% 5.53% 6.08%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 6.00%
91 Day T-Bill 6.27% 6.30% 6.19% 6.27%
364 Day T-Bill 6.77% 6.82% 6.45% 6.44%
10 Year Gilt 7.76% 7.81% 7.77% 6.67%
G-Sec Vol. (Rs.Cr) 23959 23202 23708 20840
Currency Market Update
FBIL MIBOR 6.00% 6.09% 6.00% 6.25%
3 Month CP Rate 8.20% 8.40% 7.40% 6.69%
5 Year Corp Bond 8.65% 8.60% 8.44% 7.42%
1 Month CD Rate 6.51% 6.82% 6.69% 6.21%
3 Month CD Rate 7.65% 7.70% 7.07% 6.40%
1 Year CD Rate 8.24% 8.17% 7.71% 6.87%
Commodity Market Update
Currency 29-May Prev_Day
Change
USD/INR 67.82 67.44 0.38
GBP/INR 90.17 89.89 0.28
EURO/INR 78.70 79.00 -0.30
International News
JPY/INR 0.62 0.62 0.01
Commodity 29-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 66.80 72.04 68.06 49.53
Brent Crude($/bl) 74.80 81.41 76.07 51.29
Gold( $/oz) 1298 1291 1322 1267
Gold(Rs./10 gm) 31185 31065 31190 28846
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
30 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 10,615.55 points, a discount of 17.75
points, below the spot closing of 10,633.30. The turnover on NSE’s
Futures and Options segment went up to Rs. 10,00,152.35 crore on May
29 from 7,64,196.64 crore on May 28.
• The Put-Call ratio stood at 0.95 against previous session’s close of 0.98.
• The Nifty Put-Call ratio stood at 1.40 against the previous session’s
close of 1.52.
• Open interest on Nifty Futures stood at 27.06 million as against the
previous session’s close at 25.23 million.
• Bond yields rose following sharp decline in rupee amid political
uncertainty in Italy and absence of a positive trigger in the market.
• Yield on the 10-year benchmark paper (7.17% GS 2028) rose 2 bps to
close at 7.76% from the previous close of 7.74%. During the session,
bond yields traded in the range of 7.75% and 7.79%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,618 crore (gross) on May 29 compared with
Rs. 3,858 crore (gross) on May 28. Sale of securities under RBI’s reverse
repo window stood at Rs. 13,728 crore on May 28.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on May 28 as well as May 25.
• RBI conducted a 7-day variable rate reverse repo auction for a notified
amount of Rs. 10,000 crore for which Rs. 10,006 crore was allotted at a
cut-off rate of 5.99%.
• The Indian rupee weakened against greenback as domestic equity
markets fell following a global sell off amid political crisis and
uncertainty over Italy’s membership of the euro.
• The euro weakened against the greenback owing to rising concerns
over the euro zone's political and economic situation. Political crisis in
Italy prompted market participants to sell Italian assets.
• Gold prices traded lower despite political turmoil in Italy amid gains in
greenback against the euro.
• Brent Crude prices traded lower following worries that Saudi Arabia
and Russia could boost the output in order to meet the supply shortfall
from Iran and Venezuela.
• According to a survey by Istat, Italy’s consumer confidence index fell
for the second straight month to 113.7 in May 2018, lowest in nine
months, from 116.9 in Apr 2018. Similarly, country’s business confidence
index fell to 16 month low of 104.7 in May from 105.0 in Apr.
• According to Insee, consumer sentiment index of France stood
unchanged at 100 in May 2018. The reading stands unchanged since Feb
2018.
• According to the Ministry of Communications and Internal Affairs,
Japan’s unemployment rate stood unchanged at 2.5% in Apr 2018. In
Apr, employment numbers rose 2.6% YoY and unemployment numbers
fell 8.6% YoY.
Markets for You
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