12Sep2018
MarketsforYou
GlobalIndices
GlobalIndices 11‐Sep Prev_Day Abs.Change
%Change
#
DowJones 25,971 25,857 114 0.44
Nasdaq 7,972 7,924 48 0.61
FTSE 7,274 7,279 ‐6 ‐0.08
Nikkei 22,665 22,373 292 1.30
HangSeng 26,423 26,613 ‐191 ‐0.72
IndianIndices 11‐Sep Prev_Day Abs.Change
%Change
#
S&PBSESensex 37,413 37,922 ‐509 ‐1.34
Nifty50 11,288 11,438 ‐151 ‐1.32
Nifty100 11,555 11,718 ‐163 ‐1.39
NiftyBank 26,808 27,202 ‐394 ‐1.45
SGXNifty 11,302 11,478 ‐176 ‐1.53
S&PBSEPower 2 ,044 2,071 ‐27 ‐1.31
S&PBSESmallCap 16,488 16,717 ‐229 ‐1.37
S&PBSEHC 15,811 16,066 ‐255 ‐1.59
Date P/E Div.Yield P/E Div.Yield
11‐Sep 23.91 1.20 27.44 1.19
MonthAgo 24.23 1.16 27.83 1.18
YearAgo 23.97 1.21 26.11 0.93
Nifty50Top3Gainers
Company 11‐Sep Prev_Day
%Change
#
CoalIndia 283 280 1.25
M&M 943 937 0.62
Infosys 734 731 0.47
Nifty50Top3Losers DomesticNews
Company 11‐Sep Prev_Day
%Change
#
TataSteel 592 614 ‐3.51
PowerGrid 187 193 ‐3.14
ITC 297 307 ‐3.05
AdvanceDeclineRatio
BSE NSE
Advances 845 459
Declines 1872 1382
Unchanged 150 80
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐3851
MFFlows** 78685
*11
th
Sep2018;**7
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)
12September2018
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
527
‐962
4.58%
(Apr‐18)
• According to Society of Indian Automobile Manufacturers (SIAM) data,
passenger car sales in Aug 2018 dipped 1% to 196,847 units compared
with Aug 2017. Two‐wheeler sales in Aug 2018 increased 3% to 194, 6811
units against 189,1685 units sold in Aug 2017. Commercial vehicle sales
were up 29.6% to 84,668 units compared with 65,350 unit sold in the
year‐ago period. Passenger vehicle sales in Aug decreased 2.5% to
287,186 units against 294,416 unit sold in Aug 2017. M edium & HCV sales
increased 28.5% to 34,072 units compared with 26,506 units sold in the
year‐ago period. Motorcycle sales we nt up 6 .2% to 120, 6512 units
against 113, 6322 units sold in Aug 2017.
• India is at the beginning stages of conversations to forge a trade deal
with th e U.S. that meets the ne eds of both the countries, according to the
White House press secretary. The two nations held a meeting last week in
New Delhi, which was mainly a strategic dialogue wherein trade issues
were also discussed.
• In order to give contract workers social security, the coal ministry
together with Coal India and Singareni Collieries has decided to put
70,000 coal contract workers under the Coal Mines Provident Fund
Organisation (CMPFO). The m ove will not only help workers get higher
returns but will also assist the body which is facing an asset‐liability
mismatch. CMPFO is meant for coal workers and is similar to the
Employees Provident Fund Organisation. Members of the fund put in a
monthly contribution that is matched by the employer.
• The finance ministry is taking the advice of the Reserve Bank of India on
market intervention to c heck t he rupee’s decline. The r upee ha s fallen to
72.45 against the U.S. dollar. RBI on its part has been selling dollars to
contain rupee’s slide but the freefall has not abated. A low rupee has
eroded forex reserves from $426 billion in Apr 2018 to $400.10 billion at
the end of Aug 2018.
MarketsforYou
• Asian equity markets were mixed as investors awaited announcement
by the U.S. on tariffs on Chinese imports. The U.S. President had said the
country plans to raise tariffs on $200 billion Chinese goods soon in
dispute over Beijing’s technology policy. U.S. feels Beijing has been
stealing technology and violates its free‐trade commitments. In a positive
development, U.S. said it could meet North Korean leader in a second
summit. Today (as of Sep 12), Asian markets opened mostly lower amid
news that China will be making a request to the World Trade
Organization to impose sanctions on the U.S. Both Nikkei and Hang Seng
were trading lower 0.38% and 0.60%, respectively (as at 8 a.m. IST).
• As per the last close, European markets close mostly on a negative note
but recovered some of its losses at the end following positive move on
the Wall Street. Market participants continue to keep a close eye on
trade issues.
• As per the last close, U.S markets rose as investors bought stocks at
somewhat lower levels following recent weakness.
• Domestic equity markets continued their steep decline with the
benchmark index closing more than 500 points lower. The rupee’s slide to
yetanotherrecordlowwasthemainreasonbehindthemarkets’fall.
Investors are getting anxious as rise in crude oil prices and trade war
tensions are rendering the rupee weak.
• Key benchmark indices S&P BSE Sensex and Nifty 50 declined 1.34% and
1.32% to close at 37,413.13 and 11,287.50, respectively. S&P BSE Mid‐
Cap and S&P BSE Small Cap lost 1.36% and 1.37%, respectively.
• The overall market breadth on BSE was weak with 845 scrips advancing
and 1872 scrips declining. A total of 150 scrips remained unchanged.
• On the BSE sectoral front all the sectors ended in the red. S&P BSE
Consumer Durables was the biggest loser, down 2.47%, and S&P BSE
Information Technology Telecom lost the least, down 0.7%. S&P BSE Fast
Moving Consumer Goods was the second biggest loser, down 2.25%,
followed by S&P BSE Telecom and S&P BSE Realty that fell 2.2% and
1.78%, respectively. The consumer durables sector was hit the most on
valuation concerns.
FIIDerivativeTradeStatistics 11‐Sep
(RsCr) Buy Sell OpenInt.
IndexFutures 3126.26 3756.85 25778.38
IndexOptions 95132.71 93616.69 84319.59
StockFutures 13269.88 13978.14 88034.07
StockOptions 9898.19 10073.53 8829.70
Total 121427.04 121425.21 206961.74
11‐Sep Prev_Day Change
PutCallRatio(OI) 1.25 1.33 ‐0.08
IndianDebtMarket
PutCallRatio(Vol) 0.85 0.96 ‐0.11
11‐Sep Wk.Ago Mth.Ago YearAgo
CallRate 6.49% 6.32% 6.37% 5.84%
CBLO 6.53% 6.22% 6.40% 5.88%
Repo 6.50% 6.50% 6.50% 6.00%
ReverseRepo 6.25% 6.25% 6.25% 5.75%
91DayT‐Bill 6. 88% 6.75% 6.69% 6.07%
364DayT‐Bill 7.47% 7.32% 7.21% 6. 22%
10YearGilt 8.18% 8.06% 7.75% 6.56%
G‐SecVol.(Rs.Cr) 29824 41362 45273 28948
CurrencyMarketUpdate
FBILMIBOR 6.70% 6.45% 6.55% 6.00%
3MonthCPRate 7.90% 7.70% 7.50% 6.66%
5YearCorpBond 8.99% 8.81% 8.61% 7.32%
1MonthCDRate 7.17% 6.94% 6.62% 6.10%
3MonthCDRate 7.28% 7.29% 7.18% 6.14%
1YearCDRate 8.36% 8.06% 8.02% 6.50%
CommodityMarketUpdate
Currency 11‐Sep Prev_Day Change
USD/INR 72.32 72.57 ‐0.25
GBP/INR 94.42 93.74 0.68
EURO/INR 84.08 83.81 0.27
InternationalNews
JPY/INR 0.65 0.65 ‐0.01
Commodity 11‐Sep WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 69.24 69.77 67.56 48.01
BrentCrude($/bl) 78.16 77.58 70.19 55.09
Gold($/oz) 1198 1191 1211 1327
Gold(Rs./10gm) 30605 30191 29477 30092
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
12September2018
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
that since Reliance Nippon Life Asset Management Company Limited (RNAM) has not independently verified the accuracy or authenticity of such information or data, or for that matter the
reasonableness of the assumptions upon which such data and information has been processed or arrive data; RNAM does not in any manner assures the accuracy or authenticity of such data and
information. Some of the statements & assertions contained in these materials may reflect RNAM’s views or opinions, which in turn may have been formed on the basis of such data or information.
The Sponsor(s), the Investment Manager, the Trustee or any of their respective directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy,
completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon the information provided herein, due care has been taken to ensure that the facts
are accurate and opinions given are fair and reasonable, to the extent possible. This information is not intended to be an offer or solicitation for the purchase or s ale of a ny financial product or
instrument. Recipients of this information should rely on information/data arising out of their own investigations. Before making any investments, the readers are adv ised to seek independent
professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor(s), the Investment Manager, the Trustee, their respective directors, employees,
affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, cons equential, punitive or exemplary damages, including on account of lost profits arising f rom the
informationcontainedinthismaterial.
ReadersarerequestedtoclickhereforICRONdisclaimer‐http://www.icraonline.com/legal/standard‐disclaimer.html
DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yields rose as rupee continued to be on a losing steak, hitting yet
another record low. The yield was also impacted by worries over possible
monetary tightening action to handle inflation and the relentless surge in
crude oil prices.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) increased 2 bps
to close at 8.18% from the previous closing of 8.16% after trading in a
range of 8.13% to 8.19%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 15,579 crore (gross) on Sep 11 compared with a
borrowing of Rs. 24,684 crore (gross) on Sep 10. Sa le of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 7,659
crore on Sep 10.
• A report from the Eurostat showed that eurozone’s employment grew
0.4% sequentially in the second quarter of 2018, thereby marking the
same rate as in the first quarter of 2018. Meanwhile, the annu al growth
of 1.5% also remained unchanged.
• According to a report from the Bank of Japan, M2 money stock in Japan
was up 2.9% on y ear in A ug 2018 and came in a t 1,006.1 trillion yen. The
growth remained unchanged against revised rate in Jul 2018. The M3
money stock was up 2.5% on an annual basis and came in at 1,337.7
trillion yen in Aug. It also remained unchanged as against revised rate of
Jul.
MarketsforYou
• Nifty Sep 2018 Futures settled at 11,336.25, a premium of 48.75 points,
above the spot closing of 11,287.50. The turnover on NSE’s Futures and
Options segment im proved to Rs. 12,62,935.13 on Sep 11 compared w it h
Rs. 8,01,491.44 on Sep 10.
•ThePut‐Call ratio stood at 0.80, compared with the previous session’s
close of 0.82.
•TheNiftyPut‐Call ratio stood at 1.25 compared with the previous
session’s close of 1.33.
• Open interest on Nifty Futures stood at 28.86 million as against the
previous session’s close at 29.09 million.
• The Indian rupee dipped to yet another record low following consistent
surge in crude oil prices and the tepid domestic equity market. The rupee
plunged 0.33% to close at 72.69 per dollar from the previous close o
f
72.45.
• The euro’s gain in the last session withered away on weak market
sentiments with loss in investors’ risk‐taking appetite. Euro was last seen
at $1.1586, down 0.05% from the previous close of $1.1592.
• Gold prices declined against the greenback as the latter gained from the
escalating U.S.‐China trade spat.
• Brent crude prices continued to surge ahead of the looming U.S.
sanction on Iran oil supplies that kicks in November.
Thank you for
your time.