10 Oct 2018
Markets for You
Global Indices
Global Indices 09-Oct Prev_Day Abs. Change
% Change
#
Dow Jones 26,431 26,487 -56 -0.21
Nasdaq 7,738 7,736 2 0.03
FTSE 7,238 7,233 4 0.06
Nikkei 23,469 Closed NA NA
Hang Seng 26,173 26,203 -30 -0.11
Indian Indices 09-Oct Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,299 34,474 -175 -0.51
Nifty 50 10,301 10,348 -47 -0.45
Nifty 100 10,474 10,524 -50 -0.48
Nifty Bank 24,528 24,618 -91 -0.37
SGX Nifty 10,314 10,344 -30 -0.29
S&P BSE Power 1,876 1,887 -12 -0.62
S&P BSE Small Cap 13,502 13,563 -61 -0.45
S&P BSE HC 14,414 14,271 143 1.00
Date P/E Div. Yield P/E Div. Yield
9-Oct 22.01 1.31 24.91 1.30
Month Ago 24.74 1.15 28.17 1.15
Year Ago 23.79 1.22 25.95 1.14
Nifty 50 Top 3 Gainers
Company 09-Oct Prev_Day
% Change
#
Dr.Reddy 2454 2340 4.87
Adani Ports & SEZ 319 304 4.73
Zee Ente. 433 414 4.53
Nifty 50 Top 3 Losers Domestic News
Company 09-Oct Prev_Day
% Change
#
Tata Motors 184 212 -13.19
Titan Industries Limited 750 814 -7.87
Eicher Motors 21086 22135 -4.74
Advance Decline Ratio
BSE NSE
Advances 1003 679
Declines 1623 1166
Unchanged 140 91
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -26104
MF Flows** 94558
*9
th
Oct 2018; **8
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)
10 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
980
-1170
4.87%
(May-18)
• According to a Boston Consulting Group (BCG) report, India is poised to
become the 11th wealthiest country in the world as its personal financial
wealth is estimated to grow by 13% to $5 trillion by 2022. Personal
financial wealth currently stands at $3 trillion. The report said India will
improve its rank by four places from 2017 and leave behind nations such
as Switzerland, Hong Kong, the Netherlands and Taiwan. India has grown
at a CAGR of 12% since 2012 and it is the only country other than China
to have a double digit CAGR for personal wealth.
• As per the Reserve Bank of India’s (RBI) latest Consumer Confidence
Survey, perception of Indians about the general economic condition of
the nation has declined and is in the pessimistic zone compared with the
preceding round. The survey reflects expectations and perceptions of
households on the overall price and employment situation, their own
income and spending and general economic condition. At the same time
people are hopeful of an improvement after a year. The survey covered
13 major cities – Delhi, Mumbai, Ahmedabad, Bengaluru, Chennai,
Bhopal, Jaipur, Guwahati, Hyderabad, Lucknow, Patna
and Thiruvananthapuram. It gathered around 5,264 responses on the
perceptions and expectations of households.
• Goldman Sachs Research expects the Reserve Bank of India (RBI) to
raise policy rates by 25 basis points in the first quarter of 2019. The
global financial services company feels RBI will do so to fight
depreciation in rupee and rising inflation. Expectations are also for 25
bps increases a piece in the second, third and fourth quarters of 2019.
The global financial services company also revised its inflation estimates
for 2018-19 to 5.2% as against 5.3% projected earlier.
Markets for You
• Asian equity markets were majorly down after the International
Monetary Fund (IMF) lowered its global and Chinese growth outlook
because of rising interest rates and trade war tensions. Also, investors
became anxious over Italy expanding budget deficits. On the trade front,
China letting its currency slip beyond a psychological mark led to worries
that the trade dispute will further intensify. Today (as of Oct 10), Asian
markets opened almost higher. However, investors traded cautiously
post Wall Street’s mix session on its last close. Nikkei and Hangseng grew
0.14% and 1.0%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed higher amid gains in
basic resources and technology stocks. However, concerns over Italy,
Brexit and rising bond yields weighed on the investor sentiment.
• As per the last close, U.S markets closed on a mixed note. Investors
remained focused on U.S. treasuries amid renewed concerns about the
outlook for interest rates. Weakness in chemical and housing stocks
weighed on the indices. Meanwhile, trading activity remained subdued
due to a lack of major U.S. economic data.
• Indian equity markets resumed fall after gaining on the first day of the
week. Sentiment was dampened by weakness in the rupee and rise in
crude oil prices. These two factors pose threat to the inflation trajectory
and could force the Reserve Bank of India to raise interest rates in the
future.
• Key benchmark indices S&P BSE Sensex and Nifty 50 dropped 0.51%
and 0.45% to close at 34,299.47 and 10,301.05, respectively. S&P BSE
Mid-Cap decreased 0.16, while S&P BSE Small Cap fell 0.45%.
• The overall market breadth on BSE was weak with 1003 scrips
advancing and 1623 scrips declining. A total of 140 scrips remained
unchanged.
• On the BSE sectoral front S&P BSE Metal was the major gainer, up
1.01%, followed by S&P BSE Healthcare and S&P BSE Finance, up 1.00%
and 0.3%, respectively. S&P BSE Teck and S&P BSE Information
Technology gained 0.23% and 0.18%, respectively. The major loser was
S&P BSE Consumer Durables, down 3.91%, followed by S&P BSE Auto
and S&P BSE Oil & Gas, down 2.62% and 1.92%, respectively.
FII Derivative Trade Statistics 09-Oct
(Rs Cr) Buy
Sell Open Int.
Index Futures 6536.12 5618.32 22054.94
Index Options 114888.81 116484.01 75054.75
Stock Futures 18973.48 17639.13 82670.72
Stock Options 8347.18 8250.07 6248.54
Total 148745.59 147991.53 186028.95
09-Oct Prev_Day
Change
Put Call Ratio (OI) 1.11 1.12 -0.01
Indian Debt Market
Put Call Ratio(Vol) 0.68 0.76 -0.08
09-Oct Wk. Ago Mth. Ago
Year Ago
Call Rate 6.39% 6.37% 6.34% 5.95%
CBLO 6.34% 5.94% 6.33% 5.98%
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% 6.05%
364 Day T-Bill 7.40% 7.60% 7.47% 6.19%
10 Year Gilt 8.08% 7.99% 8.03% 6.78%
G-Sec Vol. (Rs.Cr) 32789 34997 43177 27505
Currency Market Update
FBIL MIBOR 6.50% 6.50% 6.40% 6.00%
3 Month CP Rate 7.80% 8.00% 7.65% 6.76%
5 Year Corp Bond 8.99% 8.94% 8.79% 7.55%
1 Month CD Rate 6.87% 6.78% 6.98% 6.05%
3 Month CD Rate 7.01% 7.46% 7.19% 6.15%
1 Year CD Rate 8.37% 8.35% 8.20% 6.60%
Commodity Market Update
Currency 09-Oct Prev_Day
Change
USD/INR 74.10 73.92 0.18
GBP/INR 96.99 96.86 0.13
EURO/INR 85.11 85.06 0.05
International News
JPY/INR 0.66 0.65 0.01
Commodity 09-Oct Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 74.90 75.32 67.68 49.53
Brent Crude($/bl) 85.50 85.33 75.62 55.38
Gold( $/oz) 1189 1188 1195 1284
Gold(Rs./10 gm) 31049 30499 30402 29594
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
10 October 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yield surged after rupee dipped to a new record low. Additionally,
the government’s news on lower than expected revenue aggravated
concerns over fiscal deficit, which was another major negative that
further pushed the yield higher.
• Yield on the 10-year benchmark paper (7.17% GS 2028) rose 11 bps to
8.08% compared with the previous closing of 7.97% after trading in the
range of 7.98% to 8.09%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 2,928 crore (gross) on Oct 9 compared with a
borrowing of Rs. 3,116 crore (gross) on Oct 8. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 36,425
crore on Oct 8.
• Banks borrowed Rs. 4 crore under the central bank’s Marginal Standing
Facility on Oct 8 compared with borrowing of Rs. 50 crore on Oct 5.
• The International Monetary Fund (IMF) downgraded the global growth
forecast for this year and the next and attributed it to persisting
concerns of a global trade war. IMF projected the growth for the world
economy at 3.7%, less than the 3.9% predicted in the Apr and in a Jul
update.
• Data from Organisation for Economic Co-operation and Development
showed that the unemployment rate for the OECD countries remained
unchanged for a second straight month in Aug. The jobless rate was
5.3% in August, same as in Jun and Jul. The rate was 5.2% in May.
Markets for You
• Nifty Oct 2018 Futures settled at 10,314.40, a premium of 13.35 points,
above the spot closing of 10,301.05. The turnover on NSE’s Futures and
Options segment fell to Rs. 7,12,977.40 on Oct 9 compared to Rs.
7,94,666.94 on Oct 8.
• The Put-Call ratio stood at 0.72, compared with the previous session’s
close of 0.75.
• The Nifty Put-Call ratio stood at 1.11 compared with the previous
session’s close of 1.12.
• India VIX declined 1.93% to 19.7575 from 20.1475 in the previous
trading session.
• Open interest on Nifty Futures stood at 21.41 million as against the
previous session’s close at 22.11 million.
• The Indian rupee plunged to another record low as crude oil prices
recovered ahead of the U.S. sanction on Iran. Moreover, a government
official’s comment on lower-than-expected revenue aggravated concerns
over widening current account deficit and weighed down on the domestic
currency. The rupee closed at 74.39 from the previous close of 74.06.
• The euro declined against dollar as the latter strengthened, supported
by strong U.S. Treasury yield. The euro was last seen trading at 1.1448
compared with the previous close of 1.1490.
• Gold prices remained steady on weak global cues, majorly driven by
worries over the growing dispute between Italy and the European Union
over the controversial Italian budget.
• Brent crude prices rebound as exports from Iran plunge ahead of the
looming U.S. sanction, which will come into effect this Nov..
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