GlobalIndices 10Sep Prev_Day Abs.Change
DowJones 25,857 25,917 59 0.23
Nasdaq 7,924 7,903 22 0.27
FTSE 7,279 7,278 2 0.02
Nikkei 22,373 22,307 66 0.30
HangSeng 26,613 26,973 360 1.33
IndianIndices 10Sep Prev_Day Abs.Change
S&PBSESensex 37,922 38,390 468 1.22
Nifty50 11,438 11,589 151 1.30
Nifty100 11,718 11,880 162 1.36
NiftyBank 27,202 27,481 280 1.02
SGXNifty 11,478 11,620 143 1.23
S&PBSEPower 2,071 2,098 28 1.32
S&PBSESmallCap 16,717 16,897 180 1.07
S&PBSEHC 16,066 16,311 245 1.50
Date P/E Div.Yield P/E Div.Yield
10Sep 24.39 1.18 27.81 1.17
MonthAgo 24.23 1.16 27.83 1.18
YearAgo 23.74 1.22 25.90 0.94
Company 10Sep Prev_Day
HCLTech 1089 1074 1.37
AxisBank 652 646 0.96
ZeeEnte. 473 470 0.50
Nifty50Top3Losers DomesticNews
Company 10Sep Prev_Day
BajajFinance 2616 2744 4.68
IndiabullsHFC 1161 1213 4.25
SunPharma 638 664 3.95
Advances 1041 600
Declines 1691 1230
Unchanged 195 81
Description(Cr) YTD
FIIFlows* 2889
MFFlows** 78158
YoY(%) Current YearAgo
Sensex Nifty
Domestic equity markets ended deep in red as a d eclining rupee stoked
foreign fund outflow fears. The point fall is the steepest since Mar 2018.
Foreign fund outflows have touched Rs. 5,600 crore in the last five
trading sessions of the market. Rise in crude oil prices and weak global
cues added to the woes as the U.S. President iterated his plan to impose
tariff on all of Chinese imports and expressed discomfort over trade
balance with Japan.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 1.22% and
1.30% to close at 37,922.17 and 11,438.10, respectively. S&P BSE Mid
Cap and S&P BSE Sm all Cap fell 1.68% and 1.07%, respectively.
On the BSE sectoral front S&P BSE Information Technology was the only
gainer, up 0.02%, and rest all sectors fell. S&P BSE Auto was the major
loser, down 1.75%, followed by S&P BSE Metal that fell 1.74%. S&P BSE
Energy fell 1.67% and S&P B S E Fast Moving Consumer Goods declined
1.65%. S&P BSE Basic Materials and S&P BSE Oil and Gas were down
1.64% and 1.59%, respectively. The rupee’s slide helps b usinesses into
exports, which explains the slight gain in the IT sector, which is export
The government is looking at ways to increase revenue after it had to
pay Rs. 14,930 crore to states to compensate for GST loss for Jun and Jul
2018. The amount is almost four times higher than Rs. 3,899 crore paid
for Apr and May 2018. The finance ministry will engage with states to find
issues deterring th eir collections. The f inance secretary is meeting GST
officers from the centre and state tax departments to comprehend issues
in the way of GST collections. According to media reports, one option
being explored i s intensifying antievasionmeasureswithafocusontop
30 taxpayers without being intrusive on businesses.
Mergers and acquisitions in India have reached a new h igh in 2018 ev e n
as there are four more months to go. Transactions relating to Indian
companies have touched $104.5 billion in 2018, leaving behind the
previous annual record, according to data by a global news agency. The
amount may cross $100 billion in 2019 as well, feel experts. The agency
said such deals are helping to cure the problem of bad debt of the
financial sector and modernize the retail sector.
The government will not cut excise duty to rein in petrol and diesel
prices since the central government and a few states do not have the
leeway to take a revenue hit, according to media news. Any cut in taxes
will impact the centre’s fiscal deficit t arget. Bihar, Kerala and Punjab
cannot reduce sales tax (or VAT) as they are pressed hard, the report said.
The government is hoping for crude prices to fall in the coming days
which will then automatically ease the pressure on consumers.
According to media reports, Sun Pharmaceuticals has agreed to acquire
18.75% shares of Israelbased Tarsius Pharma for a cash consideration of
$3 m illion (over Rs. 21 crore).
According to media reports, Infosys has announced a strategic three
year partnership with the Australian Open tennis championship. Infosys
will use its expertise in emerging technologies like big data and analytics,
artificial intelligence as well as virtual and augmented reality, to provide
unique, innovative and engaging experiences for fans.
Asian equity markets mostly declined as they were alarmed by U.S.
President’s harsh comments on tr ade. He iterated imposing tariffs on all
of Chinese goods imported into the U.S. The President even showed
discontentment over U.S.’ big trade deficit with Japan. Today (as of Sep
11), Asian markets opened mostly higher following positive close on S&P
500 and Nasdaq 100. While Nikkei was trading higher 0.94%, Hang Seng
As per the last close, European markets rose modestly after heavy
losses in the previous week as market participants overlooked concerns
over global trade. Meanwhile, investors would track the formation of a
coalition government in Sweden after the two la rg est political allia nces
failed to win a majority in the election.
As per the last close, U.S markets closed mostly positive after a range
bound session as market participants remained sidelined amid lack of
major U .S. economic data. R eports on producer and consumer price
inflation, r et ail sales and industrial production will be released in the
coming days.
FIIDerivativeTradeStatistics 10Sep
(RsCr) Buy Sell OpenInt.
IndexFutures 2816.76 3178.89 24655.04
IndexOptions 83915.58 83806.58 79533.78
StockFutures 14759.93 14547.34 88424.62
StockOptions 9139.96 9014.59 8206.88
Total 110632.23 110547.40 200820.32
10Sep Prev_Day Change
PutCallRatio(OI) 1.33 1.49 0.16
PutCallRatio(Vol) 0.96 0.98 0.02
10Sep Wk.Ago Mth.Ago YearAgo
CallRate 6.54% 6.33% 6.37% 5.86%
CBLO 6.54% 6.22% 6.40% 5.87%
Repo 6.50% 6.50% 6.50% 6.00%
ReverseRepo 6.25% 6.25% 6.25% 5.75%
91DayTBill 6.87% 6.79% 6.69% 6.08%
364DayTBill 7.45% 7.32% 7.21% 6.24%
10YearGilt 8.16% 8.00% 7.75% 6.54%
GSecVol.(Rs.Cr) 42665 34881 45273 52260
FBILMIBOR 6.54% 6.50% 6.55% 6.00%
3MonthCPRate 7.70% 7.70% 7.50% 6.64%
5YearCorpBond 8.91% 8.77% 8.61% 7.34%
1MonthCDRate 6.97% 6.97% 6.62% 6.10%
3MonthCDRate 7.30% 7.27% 7.18% 6.15%
1YearCDRate 8.25% 8.04% 8.02% 6.48%
Currency 10Sep Prev_Day Change
USD/INR 72.57 71.90 0.67
GBP/INR 93.74 93.04 0.70
EURO/INR 83.81 83.67 0.13
JPY/INR 0.65 0.65 0.00
Commodity 10Sep WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 67.50 69.88 67. 56 47.39
BrentCrude($/bl) 76.76 77.88 70.19 55.09
Gold($/oz) 1195 1200 1211 1346
Gold(Rs./10gm) 30402 30226 29477 30388
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Nifty Sep 2018 Futures settled at 11,492.7, a premium of 54.60 points,
above the spot closing of 11,438.10. The turnover on NSE’s Futures and
Options segment improved to Rs. 8,01,491.44 on Sep 10 compared with
Rs. 6 ,78,182.09 on Sep 7 .
•ThePutCall ratio stood at 0.82, compared with the previous session’s
close of 0.79.
•TheNiftyPutCall ratio stood at 1.33 compared with t he previous
session’s close of 1 .49.
O p en interest on Nif ty Futures stood at 29.09 million as against the
previous session’s close a t 29.21 million.
greenback, closing above the 72mark. The r ise in crude oil prices and
the anticipated rate hike in U.S. Treasury yield also kept the yield at
elevated level.
Yield on th e 10year benchmark paper (7.17% GS 2028) increased 13
bps to close at 8.16% from the previous closing of 8.03% after trading in
a range of 8.06% t o 8.16%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 24,684 crore ( gross) on Sep 10 compared with a
borrowing of Rs. 3,956 crore (gross) on Sep 7. Sale of securities under the
Reserve Bank of India’s (RBI) r everse repo window stood at Rs. 13,200
crore on Sep 7.
Banks bo rrowed Rs. 120 crore unde r the c entral bank’s Marginal
Standing Facility on Sep 7. On Sep 6, banks did not borrow.
The Indian rupee fell to a lifetime low against the greenback following
losses in t he domestic equity market. Upbeat U.S. j obs data for Aug 2018
and persisting co ncerns of escalating tr ade tensions be tween U.S . and
China also strengthened the safe haven greenback.
The euro surged against the greenback on hopes that the new
government in Italy will start to implement its policies with prudent fiscal
measures to boost the growth prospects of the Italian economy.
Gold prices drop ped amid views of high possibility of i nterest rate hike
by the Federal Reserve, particularly after a strong U.S. job report.
Brent crude prices increased as market participants stayed worried
ahead of the U.S. sanction on Iran oil supplies.
The Office for National Statistics monthly GDP estimate showed that
the U.K. economy expanded at a faster pace in Jul 2018. Gross domestic
product grew 0 .3% MoM in Jul, more than the 0.1% i ncrease in Jun 2018.
In the three months ended Jul 2018, economic growth enhanced to 0.6%
from 0.4% in the three months ended Jun 2018.
The Office for National Statistics said U.K. visible trade deficit narrowed
in Jul 2018. The deficit on trade in goods decreased to GBP 9.97 billion
from GBP 10.68 billion in Jun 2018. Surplus on services rose to GBP 9.8
billion from GBP 9.7 billion a month ago. Total trade showed a negative
balance of GBP 111 million compared with GBP 942 million in Jun.
Thank you for
your time.