09 Oct 2018
Markets for You
Global Indices
Global Indices 08-Oct Prev_Day Abs. Change
% Change
#
Dow Jones 26,487 26,447 40 0.15
Nasdaq 7,736 7,788 -52 -0.67
FTSE 7,233 7,319 -85 -1.16
Nikkei Closed 23,784 NA NA
Hang Seng 26,203 26,573 -370 -1.39
Indian Indices 08-Oct Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,474 34,377 97 0.28
Nifty 50 10,348 10,316 32 0.31
Nifty 100 10,524 10,510 14 0.13
Nifty Bank 24,618 24,443 175 0.72
SGX Nifty 10,344 10,296 48 0.47
S&P BSE Power 1,887 1,900 -12 -0.65
S&P BSE Small Cap 13,563 13,840 -278 -2.01
S&P BSE HC 14,271 14,401 -130 -0.90
Date P/E Div. Yield P/E Div. Yield
8-Oct 22.13 1.30 25.03 1.30
Month Ago 24.74 1.15 28.17 1.15
Year Ago 23.73 1.22 25.92 1.14
Nifty 50 Top 3 Gainers
Company 08-Oct Prev_Day
% Change
#
HPCL 179 165 8.54
Yes Bank 221 206 7.38
RIL 1109 1049 5.77
Nifty 50 Top 3 Losers Domestic News
Company 08-Oct Prev_Day
% Change
#
Vedanta Limited 207 232 -10.75
Hindalco 223 241 -7.67
Tech Mahindra 695 715 -2.74
Advance Decline Ratio
BSE NSE
Advances 698 501
Declines 1952 1371
Unchanged 191 83
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -24934
MF Flows** 92050
*8
th
Oct 2018; **4
th
Oct 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)
09 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
Nifty
4.50%
(Apr-18)
7.70%
(Mar-18)
Quarter Ago
Inflow/Outflow
1132
-5010
4.87%
(May-18)
• Indian equity markets opened the week in green although there was
considerable volatility. The financial sector still faces challenges as
investor sentiment has been hit by Reserve Bank of India’s moves to
tighten regulations. The central bank has decided to revise the asset-
liability guidelines for non-banking financial companies because of recent
mismatches between their short-term borrowings and lending practices.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.28% and
0.31% to close at 34,474.38 and 10,348.05, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap declined 1.99% and 2.01%, respectively.
• On the BSE sectoral front, S&P BSE Energy and S&P BSE Oil & Gas were
the major gainers, up 4.38% and 3.3%, respectively. S&P BSE Bankex and
S&P BSE Auto grew 1.16% and 0.73%, respectively. S&P BSE Telecom and
S&P BSE Consumer Discretionary Goods and Services grew 0.15% and
0.12%, respectively. The major losers were S&P BSE Metal and S&P BSE
Realty, down 3.18% and 3.13%, respectively.
• According to the World Bank, the economy of India seems to have
recovered from the disruptions caused due to demonetisation and
introduction of the Goods and Services Tax (GST). Therefore, the bank
projects Indian economy growth to accelerate to 7.3% in FY19 and 7.5%
in the next two years. However, domestic risks and uncertainty in the
external environment may impact the macro-economic outlook of the
country.
• According to the Securities Exchange Board of India (SEBI), total value
of P-note investments in the Indian market (equity, debt, and
derivatives) grew to Rs. 846.47 billion till the end of Aug 2018 as against
Rs. 803.41 billion at the end of Jul 2018. This marked the first rise in such
fund infusion in 10 months. Prior to this, an increase in investment was
witnessed in Oct 2017.
• The Unique Identification Authority of India (UIDAI) has stated that the
restricting use of Aadhaar by the Supreme Court will have no impact on
enrolment and update services being carried out at banks, post offices
and government premises. The service providers can still continue the
use of offline verification tools that leverage the unique ID without
authentication.
• According to media reports, the Reserve Bank of India has given
approval to Reserve Bank of India to sell up to 45% stake in NBFC arm
Fedfina to private equity firm True North. Fedfina is a 100% fully owned
subsidiary of the bank.
• According to media reports, BNP Paribas is planning to sell part of its
stake in Indian insurance company SBI Life in the coming quarters as
domestic norms requires the insurer to raise its free float to 25%.
• According to media reports, JSW Steel is planning to start construction
on a 12 million tonne mega steel plant proposed in Odisha's coastal area
from the next fiscal.
• According to media reports, TCL Electronics is planning to invest
around Rs. 20 billion in its proposed new manufacturing facility at
Tirupati, Andhra Pradesh in the first phase.
• Asian equity markets mostly lost as investors became anxious that
strong U.S. economic data has strengthened chances of greater number
of rate hikes. Although U.S. jobs data could not beat expectations, the
unemployment rate came in at lowest level since 1969. Even China
loosening its monetary policy did not help sentiment. Today (as of Oct 9),
Asian markets opened almost lower amid lingering concerns over
worsening relations between U.S. and China. Nikkei and Hangseng fell
1.29% and 0.44%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed lower due to concerns
over Italy's budget plans and Brexit uncertainty. Unexpected fall in
Germany's industrial production for Aug 2018 also weighed on investor
sentiment.
• As per the last close, U.S markets closed on a mixed note amid notable
weakness seen in the last two sessions. Investors expressed renewed
concerns about the outlook for interest rates. Meanwhile, trading
remained relatively subdued as investors seemed reluctant to make
significant moves due to the Columbus Day holiday.
Markets for You
FII Derivative Trade Statistics 08-Oct
(Rs Cr) Buy
Sell Open Int.
Index Futures 5358.31 6968.39 21525.32
Index Options 108139.37 106696.47 73837.30
Stock Futures 17671.45 17551.95 81999.84
Stock Options 8041.98 7973.24 5669.77
Total 139211.11 139190.05 183032.23
08-Oct Prev_Day
Change
Put Call Ratio (OI) 1.12 1.07 0.05
Indian Debt Market
Put Call Ratio(Vol) 0.76 0.66 0.10
08-Oct Wk. Ago Mth. Ago
Year Ago
Call Rate 6.40% 6.37% 6.34% 5.85%
CBLO 6.13% 5.94% 6.33% 5.79%
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.85% 6.90% 6.80% 6.00%
364 Day T-Bill 7.50% 7.60% 7.47% 6.18%
10 Year Gilt 7.97% 7.99% 8.03% 6.76%
G-Sec Vol. (Rs.Cr) 36438 34997 43177 33352
Currency Market Update
FBIL MIBOR 6.48% 6.50% 6.40% 5.96%
3 Month CP Rate 7.85% 8.00% 7.65% 6.73%
5 Year Corp Bond 8.87% 8.94% 8.79% 7.54%
1 Month CD Rate 6.85% 6.78% 6.98% 6.05%
3 Month CD Rate 7.03% 7.46% 7.19% 6.13%
1 Year CD Rate 8.38% 8.35% 8.20% 6.59%
Commodity Market Update
Currency 08-Oct Prev_Day
Change
USD/INR 73.92 73.58 0.34
GBP/INR 96.86 95.89 0.97
EURO/INR 85.06 84.70 0.36
International News
JPY/INR 0.65 0.65 0.00
Commodity 08-Oct Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 74.22 75.32 67.68 49.29
Brent Crude($/bl) 84.56 85.33 75.62 55.39
Gold( $/oz) 1188 1188 1195 1275
Gold(Rs./10 gm) 31156 30499 30402 29337
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
09 October 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Oct 2018 Futures settled at 10,379.00, a premium of 30.95
points, above the spot closing of 10,348.05. The turnover on NSE’s
Futures and Options segment rose to Rs. 7,94,666.94 on Oct 8 compared
with Rs. 7,69,990.23 on Oct 5.
• The Put-Call ratio stood at 0.75, compared with the previous session’s
close of 0.68.
• The Nifty Put-Call ratio stood at 1.12 compared with the previous
session’s close of 1.07.
• Open interest on Nifty Futures stood at 22.11 million as against the
previous session’s close at 21.90 million.
• Bond yield eased as decline in crude oil prices alleviated inflationary
pressure. Oil prices dropped following U.S.’s announcement that it could
consider waiving the sanction on Iran. Meanwhile, Saudi Arabia said it
will increase output to make up for the supply fall from Iran.
• Yield on the 10-year benchmark paper (7.17% GS 2028) declined 5 bps
to 7.97% compared with the previous closing of 8.02% after trading in
the range of 7.96% to 8.02%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,116 crore (gross) on Oct 8 compared with a
borrowing of Rs. 3,646 crore (gross) on Oct 5. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
38,768 crore on Oct 5.
• Banks borrowed Rs. 50 crore under the central bank’s Marginal
Standing Facility on Oct 5. On Oct 4, banks did not borrow.
• The Indian rupee slipped to a new record low as the greenback
strengthened after China’s central bank reduced the reserve
requirement ratio by 100 bps. However, fall in crude oil prices limited
further downside. The rupee declined 0.40% to close at 74.06 a dollar
from the previous close of 73.77.
• The euro weakened against the greenback as continued political
uncertainty over the Italy's budget weighed on the market sentiment.
The euro was last seen trading at 1.1477 a dollar compared with the
previous close of 1.1523.
• Gold prices edged down against dollar as the latter continued to gain
strength from the rise in U.S. Treasure yield.
• Brent crude prices fell after U.S. said that it may consider waiving the
sanction on Iran, which is to come into effect next month.
• According to a report released by the U.S. Federal Reserve, Consumer
credit in the U.S. surged up by $20.1 billion in Aug 2018 after climbing by
$16.6 billion in Jul 2018. The report also mentioned that revolving credit,
reflecting credit card debt, rose $4.8 billion in Aug after inching up $1.4
billion in Jul and non-revolving credit such as student loans and car loans
rose $15.3 billion in Aug after increasing $15.2 billion in the previous
month.
• A report from Sentix showed that Eurozone investor sentiment index
fell more than market expectations to 11.4 in Oct 2018 as against 12.0 in
Sep 2018. The downside reflects uncertainties about the fiscal policy
stance in Italy and the automobile industry in Germany. The current
situation index came in at 33.0 in Oct down from 35.0 in Sep.
Markets for You
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