GlobalIndices 13Sep Prev_Day Abs.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 12Sep Prev_Day Abs.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
12Sep 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
Company 12Sep Prev_Day
PowerGrid 194 187 3.69
ITC 307 297 3.23
AdaniPorts&SEZ 376 365 3.13
Nifty50Top3Losers DomesticNews
Company 12Sep Prev_Day
AxisBank 635 650 2.26
AurobindoPharma 774 790 2.09
TataMotors 262 267 1.83
Advances 1121 722
Declines 1545 1083
Unchanged 178 84
Description(Cr) YTD
FIIFlows* 5247
MFFlows** 78609
YoY(%) Current YearAgo
Sensex Nifty
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 yearago 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 10month 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 nonimmigrant visa
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 AprJun quarter though "encouraging", was mainly
because of the base effects.
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).
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 selloff 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
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 12Sep
(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
12Sep Prev_Day Change
PutCallRatio(OI) 1.29 1.25 0.04
PutCallRatio(Vol) 0.87 0.85 0. 01
12Sep 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%
91DayTBill 7.09% 6.78% 6.69% 6.08%
364DayTBill 7. 66% 7.35% 7.21% 6.23%
10YearGilt 8.13% 8.05% 7.75% 6.56%
GSecVol.(Rs.Cr) 41095 42961 45273 33424
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%
Currency 12Sep 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
JPY/INR 0.65 0.65 0.00
Commodity 13Sep 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
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Bond yields lowered as rupee rebound and concerns over inflationary
pressure eased. The August inflation number is expected to be lower
thananticipated. These factors coupled together more than
compensated the adverse impact of the surge in crude oil price.
Yield on the 10year 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
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%.
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.
•ThePutCall ratio stood at 0.75, compared with the previous session’s
close of 0.80.
•TheNiftyPutCall 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
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.