Mutual Fund News of 25th October 2018

25 Oct 2018

Markets for You

Global Indices

Global Indices 24-Oct Prev_Day Abs. Change

% Change

Dow Jones 24,583 25,191 -608 -2.41

Nasdaq 7,108 7,438 -329 -4.43

FTSE 6,963 6,955 8 0.11

Nikkei 22,091 22,011 80 0.37

Hang Seng 25,250 25,347 -97 -0.38

Indian Indices 24-Oct Prev_Day Abs. Change

% Change

S&P BSE Sensex 34,034 33,847 187 0.55

Nifty 50 10,225 10,147 78 0.77

Nifty 100 10,415 10,342 74 0.71

Nifty Bank 25,064 24,972 92 0.37

SGX Nifty 10,255 10,147 108 1.06

S&P BSE Power 1,945 1,945 0 -0.02

S&P BSE Small Cap 13,738 13,637 101 0.74

S&P BSE HC 14,135 14,177 -42 -0.30

Date P/E Div. Yield P/E Div. Yield

24-Oct 21.88 1.31 24.60 1.31

Month Ago 23.30 1.24 26.66 1.22

Year Ago 24.27 1.19 26.42 1.12

Nifty 50 Top 3 Gainers

Company 24-Oct Prev_Day

% Change

Bajaj Finance 2312 2083 10.97

Bharti Airtel 316 286 10.48

HPCL 233 218 6.82

Nifty 50 Top 3 Losers Domestic News

Company 24-Oct Prev_Day

% Change

Yes Bank 204 213 -4.32

Bajaj Auto 2475 2587 -4.31

Grasim Indus 809 826 -2.05

Advance Decline Ratio

BSE NSE

Advances 1351 994

Declines 1224 819

Unchanged 141 99

Institutional Flows (Equity)

Description (Cr)

YTD

FII Flows* -33846

MF Flows** 102043

*24

Oct 2018; **22

Oct 2018

Economic Indicator

YoY(%) Current Year Ago

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)

25 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

3.80%

(May-18)

7.70%

(Mar-18)

Quarter Ago

Inflow/Outflow

826

-101

4.92%

(Jun-18)

• Indian equity markets gained, breaking the four-day losing streak.

Financial and oil marketing stocks were at the fore front of gains ahead of

the expiry of Oct-series futures and options (F&O) contracts.

• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.55% and

0.77% to close at 34,033.96 and 10,224.75, respectively. S&P BSE Mid-Cap

and S&P BSE Small Cap increased 0.95% and 0.74%, respectively.

• The overall market breadth on BSE was strong with 1351 scrips

advancing and 1224 scrips declining. A total of 141 scrips remained

unchanged.

• On the BSE sectoral front, S&P BSE Telecom was the major gainer, up

4.93%, followed by S&P BSE Realty and S&P BSE Oil & Gas, up 3.69% and

2.21%, respectively. S&P BSE Consumer Durables and S&P BSE Finance

gained 1.62% and 1.44%, respectively. S&P BSE Healthcare was the major

loser, down 0.3%, followed by S&P BSE Information Technology and S&P

BSE Power, down 0.22% and 0.02%, respectively. The telecom sector

surged as an industry leader gained on news of global investors investing

in its African subsidiary.

• To enable single-click onboarding, the department of

telecommunications (DoT) will launch a mobile app. Single-click

onboarding will mean a user can have one-time login and authentication

to access any public WiFi hotspot in the country. The app will offer users

cheaper and faster internet compared with mobile data and also enhance

the proliferation of public Wi-Fi hotspots. This will take forward the

objectives of national digital communications policy approved by the

Union cabinet in Sep 2018.

• The government is planning to change many sections of the Companies

Act to simplify the law, which came into force in 2013. The ministry of

corporate affairs is looking into the changes, which include fast tracking of

mergers and acquisitions, doubling of penalty for repeat offences, raising

remuneration of independent directors and preventing Section 8

companies, or companies formed with charitable objects, from changing

into commercial companies. Offences that are procedural and technical

lapses have been proposed to be transferred to in-house adjudication

mechanism.

• Wipro Ltd reported 13.8% decline in second-quarter net profit as higher

expenses played spoilsport. The Indian software services

exporter registered a net profit of Rs. 1,889 crore in the quarter ended

Sep 2018 against Rs. 2,192 crore in the year-ago period.

• InterGlobe Aviation Ltd, the company that operates IndiGo airline,

reported loss of Rs. 652.13 crore for the Sep 2018 quarter. This is the

company’s first-ever loss since it got listed on the stock exchanges in Nov

2015. The slide came due to rising jet fuel prices, currency depreciation,

lower yields and a foreign exchange loss. All this outweighed higher

passenger traffic. The airline had reported a profit of Rs. 551.56 crore in

the year-ago period.

Markets for You

• Asian equity markets came in mixed as optimism over upbeat Japan

manufacturing data was overshadowed by fall in oil prices and concerns

over U.S. earnings. Disappointing earnings of American big shots made

investors worry over slowing global growth. Also, U.S.-China trade war,

Italian budget and U.S.-Saudi dispute continued to make investors

anxious. Today (as of Oct 25), Asian market opened lower following losses

in the Wall Street. Both Nikkei and Hang Seng were trading down 3.42%

and 2.25%, respectively (as at 8.a.m. IST).

• As per the last close, European markets closed mostly lower due to

losses in the Wall Street. However, strong quarterly results of retail stocks

restricted the losses.

• As per the last close, U.S. markets closed lower following disappointing

quarterly results from companies. Steep decline in new home sales in Sep

2018 also weighed on investors sentiments.

FII Derivative Trade Statistics 24-Oct

(Rs Cr) Buy

Sell Open Int.

Index Futures 12148.10 12725.48 24851.24

Index Options 120978.32 120436.48 83060.92

Stock Futures 41053.90 41244.79 87419.57

Stock Options 6968.88 7014.85 8824.14

Total 181149.20 181421.60 204155.87

24-Oct Prev_Day

Change

Put Call Ratio (OI) 1.10 1.04 0.06

Indian Debt Market

Put Call Ratio(Vol) 0.87 0.80 0.06

24-Oct Wk. Ago Mth. Ago

Year Ago

Call Rate 6.50% 6.58% 6.58% 5.86%

CBLO 6.47% 6.51% 6.47% 5.85%

Repo 6.50% 6.50% 6.50% 6.00%

Reverse Repo 6.25% 6.25% 6.25% 5.75%

91 Day T-Bill 6.94% 6.93% 7.09% 6.10%

364 Day T-Bill 7.45% 7.47% 7.60% 6.16%

10 Year Gilt 7.87% 7.91% 8.12% 6.78%

G-Sec Vol. (Rs.Cr) 41414 22510 26066 27456

Currency Market Update

FBIL MIBOR 6.60% 6.60% 6.65% 6.00%

3 Month CP Rate 8.25% 7.90% 8.20% 6.74%

5 Year Corp Bond 8.85% 8.84% 8.98% 7.50%

1 Month CD Rate 7.20% 6.99% 7.40% 6.07%

3 Month CD Rate 8.38% 8.23% 7.44% 6.20%

1 Year CD Rate 8.37% 8.38% 8.33% 6.57%

Commodity Market Update

Currency 24-Oct Prev_Day

Change

USD/INR 73.26 73.78 -0.52

GBP/INR 95.05 95.56 -0.50

EURO/INR 83.99 84.47 -0.48

International News

JPY/INR 0.65 0.66 0.00

Commodity 24-Oct Wk Ago Mth. Ago

Year Ago

NYMEX Crude($/bl) 66.46 69.58 72.85 52.27

Brent Crude($/bl) 78.23 80.48 81.33 58.33

Gold( $/oz) 1234 1222 1198 1276

Gold(Rs./10 gm) 31692 31722 30664 29611

Source: Thomson Reuters Eikon

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

25 October 2018

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third party sources and which are deemed to be reliable. The information provided cannot be considered as guidelines, recommendations or as a professional guide for the readers. It may be noted

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Derivative Statistics- Nifty Options

Disclaimer:

Derivatives Market

Debt Watch

Currency Market

Commodity Prices

• Nifty Oct 2018 Futures settled at 10,228.55, a premium of 3.80 points,

above the spot closing of 10,224.75. The turnover on NSE’s Futures and

Options segment increased to Rs. 13,33,824.38 on Oct 24 compared

with Rs. 9,82,011.81 on Oct 23.

• The Put-Call ratio stood at 0.86, compared with the previous session’s

close of 0.78.

• The Nifty Put-Call ratio stood at 1.10 compared with the previous

session’s close of 1.04.

• Open interest on Nifty Futures stood at 26.31 million as against the

previous session’s close at 24.30 million.

• Bond yield eased with the rupee appreciation, sharp plunge in crude

oil prices, and rebound in the local equity market. This boosted the

overall market sentiments and alleviated inflationary concerns.

• Yield on the 10-year benchmark paper (7.17% GS 2028) declined 2 bps

to 7.87% compared with the previous closing of 7.89% after trading in

the range of 7.83% to 7.88%.

• Banks’ borrowings under the repo window of the Liquidity Adjustment

Facility (LAF) stood at Rs. 3,896 crore (gross) on Oct 24 compared with a

borrowing of Rs. 6,546 crore (gross) on Oct 23. Sale of securities under

the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.

15,560 crore on Oct 23.

• Banks did not borrow under the central bank’s Marginal Standing

Facility on Oct 23, compared with borrowing of Rs. 30 crore on Oct 22.

• The Indian rupee appreciated following a steep decline in crude oil

prices after Saudi Arabia assured of keeping the oil market well supplied

and meet the supply deficit due to U.S. sanction on Iran. The local unit

was also supported by a rebound in the domestic equity market.

• The euro saw a steep decline following indications of weak economic

growth in the euro zone.

• Gold prices marginally fell as the risk-taking appetite of market

participants improved with recovery in the Chinese market.

• Brent Crude prices saw a sharp decline amid speculations of soft

demand due to uncertainties on global economic growth.

• IHS Markit data showed euro zone economy grew at the slowest pace

for over two years in Oct 2018. This happened as an export-led

slowdown continued to spread to the service sector. The composite

output index decreased to 52.7 from 54.1 in Sep 2018. Expectations

were for 53.9.

• Cabinet Office data showed Japan's leading index went up more than

initially estimated in Aug 2018. The leading index, measuring future

economic activity, rose to 104.5 in Aug from 103.9 in Jul 2018. The

preliminary reading was 104.4.

Markets for You

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your time.