14Sep2018
MarketsforYou
GlobalIndices
GlobalIndices 13‐Sep Prev_Day Abs.Change
%Change
#
DowJones 26,146 25,999 147 0.57
Nasdaq 8,014 7,954 59 0.75
FTSE 7,282 7,313 ‐32 ‐0.43
Nikkei 22,821 22,605 217 0.96
HangSeng 27,014 26,345 669 2.54
IndianIndices 12‐Sep Prev_Day Abs.Change
%Change
#
S&PBSESensex 37,718 37,413 305 0.81
Nifty50 11,370 11,288 82 0.73
Nifty100 11,635 11,555 80 0.69
NiftyBank 26,819 26,808 12 0.04
SGXNifty 11,407 11,302 106 0.93
S&PBSEPower 2 ,056 2,044 12 0.60
S&PBSESmallCap 16,443 16,488 ‐45 ‐0.27
S&PBSEHC 15,932 15,811 121 0.76
Date P/E Div.Yield P/E Div.Yield
12‐Sep 24.43 1.17 27.64 1.18
MonthAgo 24.23 1.16 27.83 1.18
YearAgo 24.13 1.21 26.26 0.93
Nifty50Top3Gainers
Company 12‐Sep Prev_Day
%Change
#
PowerGrid 194 187 3.69
ITC 307 297 3.23
AdaniPorts&SEZ 376 365 3.13
Nifty50Top3Losers DomesticNews
Company 12‐Sep Prev_Day
%Change
#
AxisBank 635 650 ‐2.26
AurobindoPharma 774 790 ‐2.09
TataMotors 262 267 ‐1.83
AdvanceDeclineRatio
BSE NSE
Advances 1121 722
Declines 1545 1083
Unchanged 178 84
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐5247
MFFlows** 78609
*12
th
Sep2018;**10
th
Sep2018
EconomicIndicator
YoY(%) Current YearAgo
CPI
3.69%
(Aug‐18)
3.28%
(Aug‐17)
IIP
6.60%
(Jul‐18)
1.00%
(Jul‐17)
GDP
8.20%
(Jun‐18)
5.60%
(Jun‐17)
14September2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
4.50%
(Apr‐18)
7.70%
(Mar‐18)
QuarterAgo
Inflow/Outflow
‐76
‐1395
4.87%
(May‐18)
• Government data showed that the growth of index of industrial
production (IIP) slowed to 6.6% in Jul 2018 f rom a revised 6.9% (7%
originally reported) in the previous month. In the year‐ago period, IIP had
grown 1%. IIP f or Apr to Jul 2018 grew 5.4% as against 1.7% in the same
period of the previous year. The manufacturing sector grew 7% in Jul as
against a degrowth of 0.1% in the same month of the previous year.
• Government data showed that growth of India’s consumer price
inflation or retail inflation eased to 3.69% in Aug 2018 from 4.17% in Jul
2018, thereby marking a 10‐month low. However, it increased as against
3.28% in Aug 2017. The growth in Consumer Food Price Index eased to
0.29% in Aug from 1.30% in J ul and 1.52% in the same month of the
previous year. Among the key components, fuel and light grew 8.47% in
Aug 2018 as against a growth of 7.96% in Jul 2018. Inflation in housing
came in at 7.59% in Aug 2018 compared with 8.30% in Jul 2018. Pan,
tobacco a nd intoxicants grew 5.34% in Aug 2018 as against growth of
6.34% in Jul 2018.
• According to media reports, India forging a free trade agreement with
the U.S. is not a possibility in the ongoing trade talks between the two
nations. The discussions are ar ound bilateral trade issues as part of a
‘trade package’ of concern to both. The U.S. President had earlier said
India wants a ‘trade deal’ and the U.S. ambassador to India had called for
a free trade agreement (FTA). A trade agreement may not benefit India as
tariffs on many goods are already low in the U.S., according to the report.
The main issue of concern for India is U.S.’ tightening non‐immigrant visa
norms.
• According to a global financial services major, India's GDP growth in the
first quarter has peaked and could moderate in the future because of a
weaker rupee and rising crude oil prices. T he bank said the 8.2% GD P
growth for the Apr‐Jun quarter though "encouraging", was mainly
because of the base effects.
MarketsforYou
• Asian equity markets were lifted by optimism over reports that U.S. and
China are planning to meet soon. According to reports, U.S. is in the early
stages of planning a fresh round of trade talks with China with the U.S.
Treasury Secretary sending an invitation to senior Chinese officials. This
made investors hopeful of a resolution to the trade dispute. Today (as of
Sep 14), Asian markets opened higher following positive close on the Wall
Street overnight. Both Nikkei and Hang Seng were trading higher 0.77%
and 0.80%, respectively (as at 8 a.m. IST).
•Asperthelastclose,Europeanmarketscloseonamixednoteas
market participants were in a cautious mood ahead of policy statements
from both the European Central Bank (ECB) and the Bank of England
(BoE). ECB kept interest rates unchanged and maintained the forward
guidance on monetary stimulus. BoE policymakers also unanimously
decided to maintain the monetary policy stance.
• As p er the last close, U.S markets rose partially reflecting optimism
about trade following recent reports that the U.S. is proposing a new
round of trade talks with China in the near future.
• Indian equity markets gained after two days of heavy sell‐off as
investors made the most of cheaper valuations in the FMCG, metal, and
capital goods sectors. Rupee improving from its record low also helped
sentiment. Meanwhile, investors awaited industrial production data for
Jul 2018 and inflation data for Aug 2018 to be released after market
hours and were buoyed by reports that the Prime Minister will review the
state of the economy over the weekend.
• Key benchmark indices S&P BSE Sensex gained 0.81% to close at
37,717.96 and Nifty 50 increased 0.73% to 11,369.90. While S&P BSE Mid‐
Cap grew 0.52%, S&P BSE Small Cap fell 0.27%.
• The overall market breadth on BSE was weak with 1121 scrips
advancing and 1545 scrips declining. A total of 178 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Fast Moving Consumer Goods and
S&P BSE Metal were the major gainers, up 2.4% and 1.52%, respectively.
S&P BSE Capital Goods and S&P BSE Basic Materials grew 1.06% and
0.93%, respectively. S&P BSE Healthcare and S&P BSE Consumer Durables
grew 0.76% and 0.66%, respectively.
FIIDerivativeTradeStatistics 12‐Sep
(RsCr) Buy Sell OpenInt.
IndexFutures 2943.47 4619.57 25947.97
IndexOptions 152196.32 151416.41 85596.93
StockFutures 12829.09 13189.59 87308.46
StockOptions 9274.14 9262.39 8789.10
Total 177243.02 178487.96 207642.46
12‐Sep Prev_Day Change
PutCallRatio(OI) 1.29 1.25 0.04
IndianDebtMarket
PutCallRatio(Vol) 0.87 0.85 0. 01
12‐Sep Wk.Ago Mth.Ago YearAgo
CallRate 6.45% 6.31% 6.37% 5.83%
CBLO 6.32% 6.21% 6.40% 5.84%
Repo 6.50% 6.50% 6.50% 6.00%
ReverseRepo 6.25% 6.25% 6.25% 5.75%
91DayT‐Bill 7.09% 6.78% 6.69% 6.08%
364DayT‐Bill 7. 66% 7.35% 7.21% 6.23%
10YearGilt 8.13% 8.05% 7.75% 6.56%
G‐SecVol.(Rs.Cr) 41095 42961 45273 33424
CurrencyMarketUpdate
FBILMIBOR 6.59% 6.40% 6.55% 6.00%
3MonthCPRate 7.95% 7.65% 7.50% 6.65%
5YearCorpBond 8.95% 8.80% 8.61% 7.33%
1MonthCDRate 7.12% 6.36% 6.62% 6.09%
3MonthCDRate 7.25% 7.18% 7.18% 6.14%
1YearCDRate 8.39% 8.07% 8.02% 6.50%
CommodityMarketUpdate
Currency 12‐Sep Prev_Day Change
USD/INR 72.75 72.32 0.43
GBP/INR 94.62 94.42 0.20
EURO/INR 84.32 84.08 0.25
InternationalNews
JPY/INR 0.65 0.65 0.00
Commodity 13‐Sep WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 68.55 67.76 67. 20 49.25
BrentCrude($/bl) 77.60 75.74 69.81 56.41
Gold($/oz) 1201 1200 1193 1323
Gold(Rs./10gm)* 30478 30274 29477 29876
Source:ThomsonReutersEikon
*Ason12Sep2018
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
14September2018
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 sale of any 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 advised 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, consequential, punitive or exemplary damages, including on account of lost profits arising from the
informationcontainedinthismaterial.
ReadersarerequestedtoclickhereforICRONdisclaimer‐http://www.icraonline.com/legal/standard‐disclaimer.html
DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yields lowered as rupee rebound and concerns over inflationary
pressure eased. The August inflation number is expected to be lower‐
than‐anticipated. These factors coupled together more than
compensated the adverse impact of the surge in crude oil price.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) eased 5 bps to
close at 8.13% from the previous closing of 8.18% after trading in a range
of 8.11% to 8.23%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,696 crore (gross) on Sep 12 compared with a
borrowing of Rs. 15,579 crore (gross) on Sep 11. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
29,300 crore on Sep 11.
• Banks borrowed Rs. 101 crore under the central bank’s Marginal
Standing Facility on Sep 11 compared with borrowing of Rs. 6,110 crore
on Sep 10.
• Gold prices were slightly higher on the back of rising U.S.‐China trade
feud.
• Brent crude prices lowered following a report from International
Energy Agency that revealed global oil supply touched record high in
August, reaching 100 million barrels a day.
• According to Federal Reserve’s Beige Book, the
U.S. economy expanded at a moderate pace till the end of Aug 2018.
Dallas registered relatively brisk growth. Philadelphia, St. Louis, and
Kansas City saw below average growth.
• According to the Bank of Japan, producer prices in Japan were flat in
Aug 2018 and below expectations for a 0.1% rise. Producer prices had
increased 0.4% in Jul 2018. On an annual basis, producer prices increased
3%, which is less than expectations for 3.1%.
MarketsforYou
• Nifty Sep 2018 Futures settled at 11,417.35, a premium of 47.45 points,
above the spot closing of 11,369.90. The turnover on NSE’s Futures and
Options segment improved to Rs. 22,61,844.45 on Sep 12 compared with
Rs. 12,62,935.13 on Sep 11.
•ThePut‐Call ratio stood at 0.75, compared with the previous session’s
close of 0.80.
•TheNiftyPut‐Call ratio stood at 1.29 compared with the previous
session’s close of 1.25.
• Open interest on Nifty Futures stood at 28.43 million as against the
previous session’s close at 28.86 million.
• The Indian rupee recovered against the greenback following news that
the Indian Prime Minister may consider undertaking steps to address the
recent slide witnessed by the domestic currency.
• The euro gained against the greenback as the latter weakened afte
r
data revealed that the U.S. consumer prices rose 0.2% in Aug, which was
lower than the forecast. Euro was last seen at $1.1642, up 0.15% from the
previous close of $1.1624.
Thank you for
your time.