06Nov2018
MarketsforYou
GlobalIndices
GlobalIndices 05‐Nov Prev_Day Abs.Change
%Change
#
DowJones 25,462 25,271 191 0.76
Nasdaq 7,329 7,357 ‐28 ‐0.38
FTSE 7,104 7,094 10 0.14
Nikkei 21,899 22,244 ‐345 ‐1.55
HangSeng 25,934 26,486 ‐552 ‐2.08
IndianIndices 05‐Nov Prev_Day Abs.Change
%Change
#
S&PBSESensex 34,951 35,012 ‐61 ‐0.17
Nifty50 10,524 10,553 ‐29 ‐0.27
Nifty100 10,761 10,782 ‐21 ‐0.20
NiftyBank 25,732 25,702 31 0.12
SGXNifty 10,578 10,563 15 0.14
S&PBSEPower 1 ,958 1,989 ‐32 ‐1.59
S&PBSESmallCap 14,424 14,465 ‐41 ‐0.28
S&PBSEHC 14,470 14,563 ‐93 ‐0.64
Date P/E Div.Yield P/E Div.Yield
5‐Nov 22.72 1.26 25.33 1.26
MonthAgo 21.96 1.31 24.95 1.30
YearAgo 24.92 1.15 26.87 1.07
Nifty50Top3Gainers
Company 05‐Nov Prev_Day
%Change
#
SBI 295 285 3.36
AxisBank 624 611 2.25
UnitedPhos 724 711 1.81
Nifty50Top3Losers DomesticNews
Company 05‐Nov Prev_Day
%Change
#
Cipla 563 607 ‐7.26
IndianOil 140 148 ‐5.36
IndiabullsHFC 834 871 ‐4.23
AdvanceDeclineRatio
BSE NSE
Advances 1290 869
Declines 1308 913
Unchanged 194 92
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐41347
MFFlows** 112599
*5
th
Nov2018;**2
nd
Nov2018
EconomicIndicator
YoY(%) Current YearAgo
CPI
3.77%
(Sep‐18)
3.28%
(Sep‐17)
IIP
4.30%
(Aug‐18)
4.80%
(Aug‐17)
GDP
8.20%
(Jun‐18)
5.60%
(Jun‐17)
06November2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
3.80%
(May‐18)
7.70%
(Mar‐18)
QuarterAgo
Inflow/Outflow
649
‐136
4.92%
(Jun‐18)
• The Nikkei India Services Purchasing Managers' Index (PMI) lifted up to
52.2 in Oct 2018 from 50.9 in Sep 2018 on the back of improve d new
orders and robust jobs growth. The rise is the highest pace of growth
since Jul 2018 and fifth month of consecutive growth. Nikkei India
Composite PMI Output Index grew to 53.0 in Oct as against 51.6 in Sep.
• The RBI has allowed banks to be partial guarantors for some of their
existing debt. The central bank has done this to ease the credit crunch
affecting non‐banking financial companies (NBFCs). The step will make
refinancing easier.
• According to the finance minister, excessive competition can sometimes
result in stress in a particular sector. He said a growing economy can have
challenges because of which role of regulators may have to expand.
Indian economy’s expansion is going to be exponential if the present
growth rate continues for ten years and more, he said.
• The Competition Commission of India is working on a system that w ill
detect possible cartelisation in public procurement tenders. The system
would be "digital screen‐based". This comes as the fair trade regulator is
working on ways to limit a nti‐competitive practices across sectors. Public
procurementisakeyareainthisregardasitaccountsforabout20%of
India's gross domestic product.
• Axis Bank’s second quarter profit increased 82.6% to Rs. 7.90 billion
compared with Rs. 4.32 billion in the year‐ago period. The bank beat
expectations. The good show came on the back of higher interest income
and improved asset quality.
• O il and Natural Gas Corp (ONGC) registered 61% increase i n profit to Rs.
82.65 billion in second‐quarter profit compared with the ye ar‐ago
period’s Rs. 51.3 billion and beat expectations. The good performance
came on the back of higher crude oil prices.
• Reliance Communications quarterly profit increased sharply on a one‐
time gain. Net profit for the quarter ended Sep 2018 came in at Rs. 67.98
billion compared with Rs. 420 million rupees in the year‐ago period.
Revenue from operations decreased 41.7% to Rs. 3.34 billion.
MarketsforYou
• Asian equity markets declined as chances of a U.S.‐China trade
agreement seemed distant. Investors awaited U.S. midterm elections and
U.S. Federal Reserve’s for future cues. Chinese markets declined on weak
services and manufacturing data. Encouraging remarks on globalisation
and free trade by its President could not support sentiment. Today (as of
Nov 06), Asian markets opened mostly higher f ollowing rise on Dow Jones
index. Both Nikkei and H ang Seng were trading lower 0.83% and 0.03%,
respectively (as at 8 a.m. IST).
• As per the last close, European markets closed on a mixed note as
market participants remained cautious ahead of Tuesday’s U.S. midterm
elections along with U.S. Federal Reserve policy statement this week.
• As per the last close, U.S markets mostly rose as a major U.S.
multinational conglomerate h olding company’s share prices increased.
Upside was limited as a U.S. technology m ajor and an online retail giant
share prices fell. Market participants remained cautious ahead of the
ahead of Tuesday's highly an ticipated midterm elections, which will
decide control of both the House and Senate.
• Indian equity markets fell marginally on the back of weak global cues.
Global markets declined as investors turned pessimistic on fading chances
of a China‐U.S. trade deal. U.S. President’s recent remarks had fuelled
expectations of a successful agreement between the two trading
partners. Also, the rupee weakened against the U.S. dollar. The losses
were limited by the State Bank of India posting higher than expected
earnings.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.17% and
0.27% to close at 34,950.92 and 10,524.00, respectively. S&P BSE Mid‐
Cap lost 0 .47%, while S&P BSE Small Cap fell 0.28%.
• The overall market breadth on BSE was weak with 1267 scrips
advancing and 1340 scrips declining. A total of 185 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Realty was the major gainer, up
1.55%, followed by S&P BSE Basic Materials and S&P BSE Metal, up 0.47%
and 0.15%, respectively. The major loser was S&P BSE Power, down
1.59%, followed by S&P BSE Oil & Gas and S&P BSE Utilities, down 1.42%
and 1.04%, respectively.
FIIDerivativeTradeStatistics 05‐Nov
(RsCr) Buy Sell OpenInt.
IndexFutures 6299.43 4918.58 29017.32
IndexOptions 81599.98 79367.76 63380.55
StockFutures 19424.97 18979.09 82048.14
StockOptions 8719.11 8447.91 7412.04
Total 116043.49 111713.34 181858.05
05‐Nov Prev_Day Change
PutCallRatio(OI) 1.58 1.63 ‐0.05
IndianDebtMarket
PutCallRatio(Vol) 0.93 1.03 ‐0.10
05‐Nov Wk.Ago Mth.Ago YearAgo
CallRate 6.41% 6.44% 6.41% 5.85%
CBLO 6.17% 6.46% 6.12% 5.81%
Repo 6.50% 6.50% 6.50% 6.00%
ReverseRepo 6.25% 6.25% 6.25% 5.75%
91DayT‐Bill 6.90% 6.91% 6.85% 6.10%
364DayT‐Bill 7.43% 7.41% 7.55% 6.23%
10YearGilt 7.81% 7.81% 8.02% 6.86%
G‐SecVol.(Rs.Cr) 11970 35716 42133 45485
CurrencyMarketUpdate
FBILMIBOR 6.54% 6.60% 6.50% 5.99%
3MonthCPRate 8.50% 8.65% 8.35% 6.74%
5YearCorpBond 8.64% 8.78% 8.91% 7.55%
1MonthCDRate 6.91% 7.07% 7.11% 6.08%
3MonthCDRate 7.49% 7.73% 7.42% 6.22%
1YearCDRate 8.32% 8.35% 8.52% 6.57%
CommodityMarketUpdate
Currency 05‐Nov Prev_Day Change
USD/INR 73.07 72.88 0.19
GBP/INR 94.98 94.75 0.23
EURO/INR 83.26 83.23 0.03
InternationalNews
JPY/INR 0.65 0.64 0.00
Commodity 05‐Nov WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 63.07 66.95 74.21 55.58
BrentCrude($/bl) 71.77 78.45 85.16 61.61
Gold($/oz) 1231 1229 1202 1269
Gold(Rs./10gm) 31739 31784 31216 29167
Source:ThomsonReutersEikon
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06November2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• A Commerce Department report showed U.S. new orders for
manufactured goods increased by more than expected in Sep 2018.
Factory orders increased 0.7% in Sep after rising 2.6% in Aug 2018.
Expectations were for factory orders to increase 0.5%.
• Sentix survey data showed eurozone's investor sentiment eroded for a
third straight month in Nov 2018 to its lowest level in two years. The
Sentix investor confidence indicator dipped to 8.8 from 11.4 in Oct 2018.
It matched expectations and was the lowest since Oct 2016.
• Survey from Nikkei showed services sector in Japan continued to
expand in Oct 2018. The PMI score came in at 52.4, an increase from
50.2 i n Sep 2018. The Oct 2018 r eading touched a six‐month index high.
MarketsforYou
• Nifty Nov 2018 Futures s ettled a t 10,550.95, a p remium o f 26.95 points,
above the spot closing of 10,524.00. The turnover on NSE’s Futures and
Options segment decreased to Rs. 6,91,105.27 on Nov 5 compared wit h
Rs. 7,00,968.41 o n Nov 2.
•ThePut‐Call ratio stood at 0.90 compared with the previous session’s
close of 0.92.
•TheNiftyPut‐Call ratio stood at 1.58 compared with the previous
session’s close of 1.63.
• Open interest on Nifty Futures stood at 24.77 million as against the
previous session’s close at 24.62 million.
• Bond yield increased as rupee depreciated on better‐than‐expected U.S.
job data. The rise in the U.S. Treasury yield also pulled the yield higher.
• Yield on the 1 0 ‐ye ar benchmark paper (7.17% GS 2028) increased 3 bps
to 7.81% compared with the previous close of 7.78% after trading in the
range of 7.76% to 7.81%.
• Banks’ borrowings under the r epo window o f the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,173 crore (gross) on Nov 5 compared with a
borrowing of Rs. 3,846 crore (gross) on Nov 2. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 15,182
crore on Nov 2.
• Banks borrowed Rs. 15 crore under the central bank’s Marginal Standin
g
Facility on Nov 2 compared with borrowing of Rs. 103 crore on Nov 1.
• The Indian rupee declined following better‐than‐expected U.S.
employment da t a for Oct 2018 and r ise in U.S. Treasury yield. The rupe e
closed at 73.12 a dollar, down 0.95% compared with the previous close o
f
72.44.
• The euro mo ved down against the greenback following stronger‐than‐
expected U.S. employment data for Oct 2018. However, further downside
was c apped by the u ncertainty surrounding the i mpending U .S. midterm
elections.
• Gold prices remained steady as market participants preferred to keep a
cautious stance ahead of the U.S. midterm elections.
• Brent Crude prices remained close to the $70 per barrel after U.S.
softened its sanction on Iran oil exports by allowing some c ountries to
continue Iranian crude imports..
Thank you for
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