01 Oct 2018
Markets for You
Global Indices
Global Indices 28-Sep Prev_Day Abs. Change
% Change
#
Dow Jones 26,458 26,440 18 0.07
Nasdaq 8,046 8,042 4 0.05
FTSE 7,510 7,545 -35 -0.47
Nikkei 24,120 23,797 323 1.36
Hang Seng 27,789 27,716 73 0.26
Indian Indices 28-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,227 36,324 -97 -0.27
Nifty 50 10,930 10,978 -47 -0.43
Nifty 100 11,126 11,187 -60 -0.54
Nifty Bank 25,120 25,042 78 0.31
SGX Nifty 10,929 11,041 -113 -1.02
S&P BSE Power 1,929 1,976 -47 -2.37
S&P BSE Small Cap 14,431 14,940 -509 -3.41
S&P BSE HC 15,025 15,236 -211 -1.38
Date P/E Div. Yield P/E Div. Yield
28-Sep 23.37 1.23 26.44 1.23
Month Ago 25.06 1.14 28.66 1.15
Year Ago 23.30 1.24 25.44 0.97
Nifty 50 Top 3 Gainers
Company 28-Sep Prev_Day
% Change
#
Axis Bank 613 600 2.18
Wipro 324 319 1.58
ITC 298 293 1.52
Nifty 50 Top 3 Losers Domestic News
Company 28-Sep Prev_Day
% Change
#
Yes Bank 184 203 -9.64
Indiabulls HFC 857 940 -8.82
Hindalco 230 244 -5.84
Advance Decline Ratio
BSE NSE
Advances 473 268
Declines 2184 1621
Unchanged 144 62
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -12830
MF Flows** 85514
*28
th
Sep 2018; **26
th
Sep 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
3.69%
(Aug-18)
3.28%
(Aug-17)
IIP
6.60%
(Jul-18)
1.00%
(Jul-17)
GDP
8.20%
(Jun-18)
5.60%
(Jun-17)
01 October 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
4.50%
(Apr-18)
7.70%
(Mar-18)
Quarter Ago
Inflow/Outflow
1129
622
4.87%
(May-18)
• The government has announced a substantial cut of Rs. 70,000 crore in
its planned market borrowing programme for FY19. It stated that it
would make efforts to meet its requirements through small savings
mopup. The secretary for Economic Affair stated that government will
bring in inflation index bonds from the second half of FY19. Also, the
secretary stated that the government will borrow Rs. 12,000 crore
through gilts every week from Nov 2018. The government borrowing in
the second half of the financial year is expected to be approximately Rs.
2.47 lakh crore as against Rs. 2.88 trillion during Apr-Sep 2018 (first half
of FY19).
• The Directorate General of Foreign Trade (DGFT) has removed the
value limit for exports through post. However, it has fixed Rs. 5 lakh cap
in case of overseas shipments through courier services. Federation of
Indian Export Organisations stated that this would give an advantage to
shipments through foreign post offices over couriers. Also, DGFT stated
that imports under three duty exemption schemes - advance
authorisation, export promotion capital goods, and export oriented units
would be exempted from integrated goods and services tax and
compensation cess till Mar 31, 2019.
• The Bombay Stock Exchange announced that it will launch trading in
commodity derivatives from Oct 1, 2018. It has decided to relinquish the
transaction charges for the first year of commodities market operations.
This is expected to encourage more participants to join the commodity
markets. Initially, the exchange will start trading in commodity
derivatives with non-agriculture commodities like metals, which will
further be followed by agricultural commodities.
• According to the media reports, the Securities and Exchange Board of
India (SEBI) has asked the mutual funds to provide details about their
exposure to all Non-Banking Financial Companies (NBFCs) and housing
finance companies. This comes amid concerns over liquidity in the
system.
Markets for You
• Asian equity markets gained on strong overnight Wall Street cues. U.S.
markets were buoyed by upbeat economic data and the Federal Reserve
chief's comment that gradual interest rate hikes are helping withstand the
country’s economic expansion. Today (as of Oct 1), Asian markets opened
on a mixed note. Slowdown in China's manufacturing sector in Sep 2018
weighed on the indices. However, gains in auto stocks gave boost to
Nikkei. Nikkei grew 0.55% (as at 8.a.m. IST). Hangseng remained closed.
• As per the last close, European markets closed lower amid political
turmoil in Europe and overseas. The new Italian government offered a
budget with a deficit target three times larger than the previous
administration's goal, thereby weighing on the banking stocks.
• As per the last close, U.S markets closed almost on a steady note.
Reports of strong corporate results in the past quarter boosted investor
sentiment. However, investors remained cautious amid uncertainty over
trade as the U.S. and Canada approached deadline of Sep 30 to reach an
agreement for Canada to join a trade deal struck between the U.S. and
Mexico.
• Indian equity markets ended the last trading day of the week in red as
concerns over liquidity continued to rock the financial sector. Decline in
information technology stocks after an IT stock plunged more than 70%
ahead its annual general meeting scheduled on Sep 29, 2018 weighed on
the indices. Other factors that contributed to the loss were cautiousness
ahead of Reserve Bank of India’s policy meeting next week and selling at
the start of Oct futures and options series in the derivatives segment.
• Key benchmark indices S&P BSE Sensex lost 0.27% to close at 36,227.14
and Nifty 50 decreased 0.43% to 10,930.45. While S&P BSE Mid-Cap
dipped 1.61%, S&P BSE Small Cap fell 3.41%.
• The overall market breadth on BSE was weak with 473 scrips advancing
and 2184 scrips declining. A total of 144 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Oil & Gas and S&P BSE Energy were
the major gainers, up 0.12% and 0.09%, respectively. S&P BSE Bankex
grew 0.03%. The major losers were S&P BSE Metal and S&P BSE Realty,
down 5.01% and 4.85%, respectively.
FII Derivative Trade Statistics 28-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 10788.66 12324.24 16814.01
Index Options 184121.46 184504.14 53143.03
Stock Futures 28666.30 27886.16 79859.74
Stock Options 5108.55 5150.50 648.35
Total 228684.97 229865.04 150465.13
28-Sep Prev_Day
Change
Put Call Ratio (OI) 1.33 0.93 0.40
Indian Debt Market
Put Call Ratio(Vol) 0.85 0.96 -0.11
28-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 6.51% 6.58% 6.35% 5.83%
CBLO 4.36% 6.42% 6.38% 5.86%
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.95% 7.08% 6.77% 6.07%
364 Day T-Bill 7.64% 7.58% 7.28% 6.23%
10 Year Gilt 8.02% 8.08% 7.90% 6.64%
G-Sec Vol. (Rs.Cr) 30033 39390 26760 48286
Currency Market Update
FBIL MIBOR 6.60% 6.65% 6.46% 5.99%
3 Month CP Rate 8.15% 8.05% 7.80% 6.64%
5 Year Corp Bond 9.02% 8.93% 8.69% 7.49%
1 Month CD Rate 6.62% 7.54% 6.62% 6.09%
3 Month CD Rate 7.43% 7.40% 7.30% 6.15%
1 Year CD Rate 8.40% 8.34% 8.00% 6.57%
Commodity Market Update
Currency 28-Sep Prev_Day
Change
USD/INR 72.55 72.65 -0.10
GBP/INR 94.91 95.43 -0.53
EURO/INR 84.44 85.04 -0.60
International News
JPY/INR 0.64 0.64 -0.01
Commodity 28-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 73.11 70.75 68.49 51.57
Brent Crude($/bl) 83.21 79.34 75.90 59.89
Gold( $/oz) 1192 1199 1201 1287
Gold(Rs./10 gm) 30296 30697 30097 29667
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
01 October 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yield were nearly steady as market participants are waiting for
the government’s borrowing schedule for the second half of the fiscal.
Meanwhile, the central bank devolved Rs. 3,815 crore of 7.72% 2055
bond.
• Yield on the 10-year benchmark paper (7.17% GS 2028) eased 1 bps to
8.02% compared with the previous closing of 8.03% after trading in the
range of 8.01% to 8.05%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,741 crore (gross) on Sep 28 compared with a
borrowing of Rs. 3,921 crore (gross) on Sep 27. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
98,436 crore on Sep 27.
• Banks borrowed Rs. 81 crore under the central bank’s Marginal
Standing Facility on Sep 27. On Sep 26, banks did not borrow.
• The World Trade Organization reduced its expectation of growth in
merchandise trade volume to 3.9% in 2018 from its previous estimate of
4.4%. The organization expects growth to slow further in the next year
to 3.7%. The outlook was reduced due to increasing trade tensions
between important markets and tighter credit market conditions.
• According to a report released by the Commerce Department, U.S.
personal income rose less than expected by 0.3% in Aug 2018.
Meanwhile the report also stated that personal spending rose by 0.3% in
Aug after rising 0.4% in the previous month.
Markets for You
• Nifty Oct 2018 Futures settled at 10,954.3, a premium of 23.85 points,
above the spot closing of 10,930.45. The turnover on NSE’s Futures and
Options segment declined to Rs. 7,14,419.80 on Sep 28 compared with
Rs. 18,94,898.56 on Sep 27.
• The Put-Call ratio stood at 0.78, compared with the previous close of
0.87.
• The Nifty Put-Call ratio stood at 1.33 compared with the previous close
of 0.93.
• India VIX declined 1.24% to 16.7125 from 16.9225 in the previous
trading session.
• The Indian rupee improved, driven by brief intraday gains in the
domestic equity market and greenback sales by foreign banks. However,
the upside was limited by strong U.S. economic growth data and Federal
Reserve’s interest rate hike that supported dollar. The rupee rose 0.15%
to close at 72.48 from the previous close of 72.59.
• The euro slipped against dollar following the Italian government’s
budget which escalated worries over its fiscal policies that could further
increase its debt. Euro was last seen trading at $1.1576, down 0.54%
compared with the previous close of $1.1639.
• Gold prices remained below the $1,200-mark following an upbeat U.S.
economic growth data and the interest rate hike by the Federal Reserve.
• Brent crude prices surged amid worries regarding the shrinking supplies
once U.S.’s sanction on Iran kicks in Nov.
Thank you for
your time.