30 Oct 2018
Markets for You
Global Indices
Global Indices 29-Oct Prev_Day Abs. Change
% Change
#
Dow Jones 24,443 24,688 -245 -0.99
Nasdaq 7,050 7,167 -117 -1.63
FTSE 7,026 6,940 87 1.25
Nikkei 21,150 21,185 -35 -0.16
Hang Seng 24,812 24,718 94 0.38
Indian Indices 29-Oct Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,067 33,349 718 2.15
Nifty 50 10,251 10,030 221 2.20
Nifty 100 10,453 10,225 228 2.22
Nifty Bank 24,960 24,421 539 2.21
SGX Nifty 10,314 10,065 249 2.47
S&P BSE Power 1,948 1,906 42 2.20
S&P BSE Small Cap 13,878 13,598 280 2.06
S&P BSE HC 14,460 13,876 585 4.21
Date P/E Div. Yield P/E Div. Yield
29-Oct 21.32 1.34 24.65 1.31
Month Ago 23.37 1.23 26.44 1.23
Year Ago 24.52 1.17 26.67 1.11
Nifty 50 Top 3 Gainers
Company 29-Oct Prev_Day
% Change
#
Indiabulls HFC 772 684 12.82
ICICI Bank 349 316 10.69
SBI 268 248 7.98
Nifty 50 Top 3 Losers Domestic News
Company 29-Oct Prev_Day
% Change
#
IndusInd Bank 1413 1446 -2.28
HDFC Bank 1926 1961 -1.78
Kotak Bank 1138 1159 -1.77
Advance Decline Ratio
BSE NSE
Advances 1815 1399
Declines 775 431
Unchanged 163 83
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -38410
MF Flows** 104420
*29
th
Oct 2018; **25
th
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)
30 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
3.80%
(May-18)
7.70%
(Mar-18)
Quarter Ago
Inflow/Outflow
-727
-1394
4.92%
(Jun-18)
• Domestic equity markets opened the week with handsome gains
buoyed by encouraging corporate earnings. Easing bond yields and
Reserve Bank of India’s (RBI) steps to boost liquidity supported the
sentiment. RBI had on Oct 26, 2018, announced that it will buy Rs. 400
billion worth of government bonds through open market operations in
Nov 2018.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 2.15% and
2.20% to close at 34,067.40 and 10,250.85, respectively. S&P BSE Mid-
Cap gained 2.80%, while S&P BSE Small Cap increased 2.06%.
• The overall market breadth on BSE was strong with 1815 scrips
advancing and 775 scrips declining. A total of 163 scrips remained
unchanged.
• On the BSE sectoral front all the sectors gained. S&P BSE Healthcare
was the major gainer, up 4.21%, followed by S&P BSE Realty and S&P BSE
Capital Goods, up 3.77% and 3.66%, respectively. S&P BSE Energy and
S&P BSE Industrials gained 3.33% and 3.23%, respectively. A pharma
major posted healthy earnings on Oct 26, 2018, wherein second quarter
profit increased 70% on the back of new product launches.
• The government expects bad loan recoveries to cross the Rs. 1.80 lakh
crore target for 2018-19 on the back of the impact of the new insolvency
and bankruptcy law. According to the finance ministry, some big
accounts are getting resolved and some are up for resolution under the
Insolvency and Bankruptcy Code (IBC). Resolution of 12 non-performing
assets (NPAs) cases is expected to write back more than Rs. 1 lakh crore.
Banks had recovered Rs. 36,551 crore in the first quarter of 2018-19 and
in 2017-18, they had recovered Rs. 74,562 crore.
• The Reserve Bank of India (RBI) governor will brief A parliamentary
panel members on the ramification of demonetisation of Rs. 500 and Rs.
1,000 notes. This is third time the panel, The 31-member Parliamentary
Standing Committee on Finance, has called the governor for briefing. The
government had stopped circulation and issuance of old Rs. 500 and Rs.
1,000 notes on Nov 8, 2016, and announced issuance of new Rs. 500 and
Rs. 2,000 notes. The RBI governor will also brief the panel on the banning
of the Unregulated Deposit Schemes Bill and related issues.
• Essar Steel India Ltd creditors have approved a joint offer by
ArcelorMittal SA and Japan’s Nippon Steel & Sumitomo Metal Corp. The
two companies will now take control of the 10 million tonne-per-year
capacity debt-laden Essar Steel and become the first global steel majors
to enter the fast-growing Indian steel market without a local partner.
ArcelorMittal and Nippon Steel have made plans to double output in the
coming years.
• Vedanta Ltd has won a 10-year extension of its contract for the
Rajasthan oil block.
• Reliance Nippon Life Insurance Company’s total premium increased 8%
to Rs. 1,042 crore in the Jul-Sep quarter compared with the year-ago
period. Assets under management went up 9% to Rs. 19,612 crore as on
Sep 30, 2018, from the same period a year ago. Renewal premium during
increased 4% to Rs. 792 crore.
• Asian equity markets were a mixed bag as concerns of slowing global
economic growth gripped investors the world over. Weak cues emanated
both from the U.S. and Europe for this reason. Today (as of Oct 30), Asian
markets opened mixed following weakness in Wall Street in the last
session. However, reports that Japan’s seasonally adjusted
unemployment rate fell to 2.3% in Sep 2018 restricted the losses. Nikkei
grew 0.89% and Hangseng fell 0.70% (as at 8.a.m. IST).
• As per the last close, European markets closed higher despite political
turmoil in Germany. Reports that China will announce a 50% cut in car
purchase taxes boosted the indices. Gains in banking stocks driven by
strong earnings results by a banking major added to the gains.
• As per the last close, U.S markets closed lower following reports that
the U.S. is preparing to announce tariffs on remaining Chinese imports if
discussion between U.S. and China President in Nov 2018 failed to ease
the trade war. However, reports that China is considering to cut a tax on
car purchases in half restricted the losses.
Markets for You
FII Derivative Trade Statistics 29-Oct
(Rs Cr) Buy
Sell Open Int.
Index Futures 4619.45 4765.99 22900.51
Index Options 57259.97 56495.98 48146.91
Stock Futures 16696.10 16154.86 77292.40
Stock Options 5482.55 5393.56 2965.15
Total 84058.07 82810.39 151304.97
29-Oct Prev_Day
Change
Put Call Ratio (OI) 1.51 1.44 0.07
Indian Debt Market
Put Call Ratio(Vol) 0.71 0.74 -0.03
29-Oct Wk. Ago Mth. Ago
Year Ago
Call Rate 6.44% 6.54% 6.51% 5.86%
CBLO 6.46% 6.50% 4.36% 4.90%
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.91% 6.93% 6.95% 6.09%
364 Day T-Bill 7.41% 7.46% 7.64% 6.19%
10 Year Gilt 7.81% 7.93% 8.02% 6.81%
G-Sec Vol. (Rs.Cr) 35716 19083 30033 50183
Currency Market Update
FBIL MIBOR 6.60% 6.60% 6.60% 5.95%
3 Month CP Rate 8.65% 7.90% 8.15% 6.77%
5 Year Corp Bond 8.83% 8.84% 9.02% 7.52%
1 Month CD Rate 7.07% 7.11% 6.62% 6.07%
3 Month CD Rate 7.73% 8.23% 7.43% 6.20%
1 Year CD Rate 8.35% 8.38% 8.40% 6.57%
Commodity Market Update
Currency 29-Oct Prev_Day
Change
USD/INR 73.42 73.37 0.04
GBP/INR 94.26 94.05 0.21
EURO/INR 83.69 83.41 0.29
International News
JPY/INR 0.66 0.65 0.00
Commodity 29-Oct Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 66.95 69.20 73.11 53.87
Brent Crude($/bl) 78.45 81.34 83.21 60.44
Gold( $/oz) 1229 1222 1192 1273
Gold(Rs./10 gm) 31784 31607 30296 29258
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
30 October 2018
The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have been obtained from independent
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 Nov 2018 Futures settled at 10,283.95, a premium of 33.10
points, above the spot closing of 10,250.85. The turnover on NSE’s
Futures and Options segment increased to Rs. 6,07,558.81 on Oct 29
compared with Rs. 5,07,173.93 on Oct 26.
• The Put-Call ratio stood at 0.77, compared with the previous session’s
close of 0.70.
• The Nifty Put-Call ratio stood at 1.51 compared with the previous
session’s close of 1.44.
• Open interest on Nifty Futures stood at 23.01 million as against the
previous session’s close at 23.02 million.
• Bond yield declined after the central bank revealed its plan of
purchasing bonds under open market operation in Nov. The RBI’s
announcement to purchase Rs. 40,000 crore worth of bonds lifted
market sentiments.
• Yield on the 10-year benchmark paper (7.17% GS 2028) declined 7 bps
to 7.81% compared with the previous close of 7.88% after trading in the
range of 7.80% to 7.84%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 5,746 crore (gross) on Oct 29 compared with a
borrowing of Rs. 12,446 crore (gross) on Oct 26. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
46,759 crore on Oct 26.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on Oct 26 compared with borrowing Rs. 100 crore on Oct 25.
• The Indian rupee inched up against the greenback as gains in the
domestic equity market helped in compensating for the loss due to
month end dollar demand from importers. The rupee closed at 73.44 a
dollar compared with the previous close of 73.46.
• The euro inched down amid political uncertainties after a report
revealed that German Chancellor said that she is not looking for re-
election as party chairwoman this December. The euro was last seen
trading at 1.1382, down 0.17% compared with the previous close of
1.1374.
• Gold prices saw a marginal fall due to the broad strength in the
greenback against a basket of currencies.
• Brent Crude prices remained below the $79 a barrel mark as traders
were cautious amid massive sell-off in the Chinese equity market that
triggered worries of a slowing economy.
• According to the University of Michigan, consumer sentiment in the
U.S. weakened slightly more than initially estimated for Oct 2018.
Consumer sentiment index for Oct was downwardly revised to 98.6 from
the preliminary reading of 99.0. Expectations were for consumer
sentiment index to be unrevised at 99.0.
• Bank of England data showed U.K. mortgage approvals declined in Sep
2018. The number of housing loan approvals decreased to 65,269 in Sep
from 66,101 in Aug 2018. It came above expectations of 64,700. Lending
secured on dwelling increased at a faster rate of GBP 3.9 billion, after
Aug's GBP 3.1 billion hike.
Markets for You
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