10Sep2018
MarketsforYou
GlobalIndices
GlobalIndices 07‐Sep Prev_Day Abs.Change
%Change
#
DowJones 25,917 25,996 ‐79 ‐0.31
Nasdaq 7,903 7,923 ‐20 ‐0.25
FTSE 7,278 7,319 ‐41 ‐0.56
Nikkei 22,307 22,488 ‐181 ‐0.80
HangSeng 26,973 26,975 ‐1 ‐0.01
IndianIndices 07‐Sep Prev_Day Abs.Change
%Change
#
S&PBSESensex 38,390 38,243 147 0.38
Nifty50 11,589 11,537 52 0.45
Nifty100 11,880 11,815 65 0.55
NiftyBank 27,481 27,469 13 0.05
SGXNifty 11,620 11,562 58 0.50
S&PBSEPower 2 ,098 2,100 ‐2 ‐0.08
S&PBSESmallCap 16,897 16,804 93 0.55
S&PBSEHC 16,311 16,167 144 0.89
Date P/E Div.Yield P/E Div.Yield
7‐Sep 24.74 1.15 28.17 1.15
MonthAgo 24.11 1.17 28.26 1.18
YearAgo 23.69 1.23 25.89 0.94
Nifty50Top3Gainers
Company 07‐Sep Prev_Day
%Change
#
AurobindoPharma 801 759 5.47
HeroMoto 3329 3165 5.20
BajajAuto 2924 2783 5.05
Nifty50Top3Losers DomesticNews
Company 07‐Sep Prev_Day
%Change
#
YesBank 323 339 ‐4.66
SunPharma 664 677 ‐1.94
AdaniPorts&SEZ 377 385 ‐1.91
AdvanceDeclineRatio
BSE NSE
Advances 1533 1060
Declines 1202 743
Unchanged 176 114
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐3027
MFFlows** 77553
*7
th
Sep2018;**5
th
Sep2018
EconomicIndicator
YoY(%) Current YearAgo
CPI
4.17%
(Jul‐18)
2.36%
(Jul‐17)
IIP
7.00%
(Jun‐18)
‐0.30%
(Jun‐17)
GDP
8.20%
(Jun‐18)
5.60%
(Jun‐17)
10September2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
5.30%
(Mar‐18)
7.70%
(Mar‐18)
QuarterAgo
Inflow/Outflow
425
‐861
4.58%
(Apr‐18)
• Indian equity markets gained as crude oil prices stabilised and rupee’s
fall was stemmed. The rupee gained against the U.S. dollar as the
greenback declined compared with the yen after reports suggested the
U.S. President could target Japan on the trade front.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.38% and
0.45% to close at 38,389.82 and 11,589.10, respectively. S&P BSE Mid‐
Cap and S&P BSE Small Cap increased 1.15% and 0.55%, respectively.
• The overall market breadth on BSE was strong with 1533 scrips
advancing and 1202 scrips declining. A total of 176 scrips remained
unchanged.
• On the BSE sectoral front S&P BSE Telecom stood as the major gainer,
up 3.35% followed by S&P BSE Auto that grew 2.07%. S&P BSE Metal and
S&P BSE Basic Materials grew 1.96% and 1.36%. S&P BSE Consumer
Discretionary Goods & Services and S&P BSE Energy grew 1.28% and
0.91%. The top loser was S&P BSE Power, falling 0.08%, followed by S&P
BSE Bankex that fell 0.04%.
• According to the preliminary numbers released by the Reserve Bank of
India (RBI), Current Account Deficit (CAD), rose t o $15.8 billion or 2.4% of
GDP in Q1 of 2018‐19, up from $15.0 billion or 2.5% of GDP in Q1 of
2017‐18. The widening of the CAD was driven by higher trade deficit that
came i n at $45.7 billion as against $41.9 billion in the previous ye ar
period. Net services receipts grew 2.1% YoY mainly due to rise in net
earnings from software and financial services.
• According to media reports, the government is planning to lower down
the n umber of goods and service tax (GST) rate slabs from five currently
to two in the near term. The announcement is driven by the fact that 90%
of the taxes come under the 18% rate slab.
• A major credit rating agency expects Indian natural rubber output to
decline by 18 to 20% in FY19 due to floods in Kerala. The decline is
expected to adversely impact the tyre industry and keep operating
margins of tyre manufacturers under pressure. Natural rubber accounts
for more than 20% of Kerala’s total area under cultivation and Kerala
contributes to the largest share (84%) of output in the country.
• The United States Food and Drug Administration (USFDA) inspected
Drug major Sun Pharmaceutical Industries Halol facility in Gujarat and
issued Form 483 with six o bservations. H owever, no details were
provided by the company about the observations issued.
• Commercial Vehicle major Ashok Leyland has launched an integrated
electric vehicle (EV) unit at its Ennore plant. The unit is equipped to
design, prototype, test, process prototyping and design solutions for
electric vehicles. The EV unit is equipped with digital tools for
manufacturing and field tracking.
• Japanese auto major Suzuki Motor Corporation plans to start road tests
of its electric vehicles (EVs) i n India next month as a precursor to launch
of EV i n 2020, its chairman Osamu Suzuki said. It will commence
production of lithium‐ionbatteries,usedinelectric‐vehicles, at its Gujarat
plant in 2020.
• Asian equity markets declined as trade fears loomed large. The deadline
of public comments on imposition of fresh set of tariffs by the U.S. on
Chinese imports had ended and investors awaited any announcement by
the U.S. administration. Also, investors were cautious of the release of
U.S. jobs report as it would throw some light on Federal Reserve’s future
interest rate moves. Today (as of Sep 10), Asian markets opened mostly
lower as trade tension between China and the U.S remained in focus.
While Nikkei was trading hig her 0.04%, Hang S eng was down 0.55% (as at
8a.m.IST).
• As per the last close, European markets closed on a mixed note on
persistent worries about global trade. Market participants will closely
track the U.S. administration following the expiration of a public
comment pe riod by Thursday midnight on n ew U.S. tariffs on $200 billion
worth of Chinese goods.
• As per the last close, U.S markets closed slightly lower amid renewed
concerns after the U.S President suggested he may impose tariffs on
another $267 billion worth of Chinese goods.
MarketsforYou
FIIDerivativeTradeStatistics 07‐Sep
(RsCr) Buy Sell OpenInt.
IndexFutures 3404.67 4559.66 24111.69
IndexOptions 153605.91 147721.66 75717.41
StockFutures 15000.00 14876.46 86418.70
StockOptions 8227.38 8183.91 7781.01
Total 180237.96 175341.69 194028.81
07‐Sep Prev_Day Change
PutCallRatio(OI) 1.49 1.40 0.09
IndianDebtMarket
PutCallRatio(Vol) 0.98 0.94 0. 05
07‐Sep Wk.Ago Mth.Ago YearAgo
CallRate 6.34% 6.41% 6.33% 5.84%
CBLO 6.33% 5.40% 6.34% 5.83%
Repo 6.50% 6.50% 6.50% 6.00%
ReverseRepo 6.25% 6.25% 6.25% 5.75%
91DayT‐Bill 6.80% 6. 76% 6.77% 6.09%
364DayT‐Bill 7.47% 7.30% 7.23% 6.22%
10YearGilt 8.03% 7.95% 7.79% 6.52%
G‐SecVol.(Rs.Cr) 43177 29325 26784 36288
CurrencyMarketUpdate
FBILMIBOR 6.40% 6.45% 6.45% 5.95%
3MonthCPRate 7.65% 7.70% 7.55% 6.64%
5YearCorpBond 8.81% 8.75% 8.63% 7.33%
1MonthCDRate 6.98% 6.96% 6.60% 6.09%
3MonthCDRate 7.19% 7.25% 7.20% 6.14%
1YearCDRate 8.20% 8.04% 7.95% 6.50%
CommodityMarketUpdate
Currency 07‐Sep Prev_Day Change
USD/INR 71.90 71.92 ‐0.02
GBP/INR 93.04 92.80 0.24
EURO/INR 83.67 83.60 0.07
InternationalNews
JPY/INR 0.65 0.65 0.00
Commodity 07‐Sep WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 67.68 69.79 69. 12 49.05
BrentCrude($/bl) 75.62 77.01 71.50 54.70
Gold($/oz) 1195 1201 1211 1349
Gold(Rs./10gm) 30402 30226 29521 30164
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
10September2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty Sep 2018 Futures settled at 11,632.95, a premium of 43.85 points,
above the spot closing of 11,589.10. The turnover on NSE’s Futures and
Options segment declined to Rs. 6,78,182.09 on Sep 7 compared with Rs.
21,87,006.63 on Sep 6.
•ThePut‐Call ratio stood at 0.79, compared with the previous session’s
close of 0.81.
•TheNiftyPut‐Call ratio s tood at 1.49 compared with the previous
session’s close of 1.40.
• Open interest on Nifty Futures stood at 29.21 million as against the
previous session’s close at 28.46 million.
• Bond yields lowered as market participants resorted to short covering.
The fall in crude oil prices also helped ease the yield, which has,
otherwise, been under pressure due to the slide i n the rupee and a
tightened oil market environment.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) eased 3 bps to
close at 8.03% from the previous closing of 8.06% after trading in a range
of 8.01% to 8.05%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,956 crore (gross) on Sep 7 compared with a
borrowing of Rs. 3,846 crore (gross) on Sep 6. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 31,269
crore on Sep 6.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on Sep 6. On Sep 5, it had borrowed Rs. 30 crore.
• The Indian rupee finally rose after having witnessed seven successive
sessions of losses against the greenback which can be attributed to fall in
global crude oil prices to some extent. The rupee improved 0.35% to
settle at 71.73 per dollar from the previous close of 71.99.
• The euro dropped ag ainst the greenback after the U.S. non‐farm
payroll employment grew more than expected in Aug 2018. Euro was last
seen at $1.1575, down 0.40% from the previous close of $1.1621.
• Gold prices moved down as the greenback steadily appreciates. The
expected interest rate hike by the Federal Reserve also dampens the
appeal of the bullion.
• Brent crude prices lowered as the global trade war tension between
U.S. and China fuelled demand concerns.
• According to a report by the Labor Department, U.S. non‐farm payroll
employment rose more than expected by 201,000 jobs in Aug 2018 af ter
rising by a downwardly revised 147,000 jobs in Jul 2018. However, the
unemployment rate stood steady at 3.9% as compared to expectations
for a drop to 3.8%. Meanwhile, the annual rate of average hourly
employee earnings rose 2.9% in Aug from 2.7% in Jul.
• According to a report released by the Institute for Supply
Management, U.S. non‐manufacturing index sharply rose to 58.5 in Aug
2018 from 55.7 in Jul 2018. The more than e xpected increase was due to
rise in business activity index to 60.7 i n Aug from 56.5 in Jul and i n new
orders to 60.4 from 57.0.
MarketsforYou
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