17 Sep 2018
Markets for You
Global Indices
Global Indices 14-Sep Prev_Day Abs. Change
% Change
#
Dow Jones 26,155 26,146 9 0.03
Nasdaq 8,010 8,014 -4 -0.05
FTSE 7,304 7,282 22 0.31
Nikkei 23,095 22,821 273 1.20
Hang Seng 27,286 27,014 272 1.01
Indian Indices 14-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,091 37,718 373 0.99
Nifty 50 11,515 11,370 145 1.28
Nifty 100 11,792 11,635 157 1.35
Nifty Bank 27,164 26,819 345 1.29
SGX Nifty 11,551 11,407 144 1.26
S&P BSE Power 2,108 2,056 52 2.55
S&P BSE Small Cap 16,671 16,443 228 1.38
S&P BSE HC 16,236 15,932 304 1.91
Date P/E Div. Yield P/E Div. Yield
14-Sep 24.64 1.16 28.00 1.16
Month Ago 24.47 1.18 28.02 1.18
Year Ago 24.06 1.20 26.25 0.93
Nifty 50 Top 3 Gainers
Company 14-Sep Prev_Day
% Change
#
Indiabulls HFC 1227 1145 7.16
BPCL 355 334 6.09
Vedanta Limited 236 224 5.37
Nifty 50 Top 3 Losers Domestic News
Company 14-Sep Prev_Day
% Change
#
Coal India 277 282 -1.49
HCL Tech 1071 1087 -1.48
Infosys 734 743 -1.24
Advance Decline Ratio
BSE NSE
Advances 1811 1276
Declines 850 540
Unchanged 170 82
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -6324
MF Flows** 79535
*14
th
Sep 2018; **11
th
Sep 2018
Economic Indicator
YoY(%) Current Year Ago
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)
17 September 2018
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI
from 2010 to 2012
Indian Equity Market
Indices Performance
P/E Dividend Yield
Sensex
Nifty
4.50%
(Apr-18)
7.70%
(Mar-18)
Quarter Ago
Inflow/Outflow
926
-1077
4.87%
(May-18)
• Government data showed that India’s Wholesale Price Index-based
inflation (WPI) eased to 4.53% in Aug 2018 from 5.09% in Jul 2018 as
prices of food articles, mainly vegetables, came down. This marked a
four-month low. Wholesale price inflation was at 3.24% in Aug 2017.
Inflation in vegetables declined 20.18% as against a decline of 14.07% in
Jul. Inflation in fruits fell 16.40% in Aug as against a decline of 8.81% in
Jul. Meanwhile, inflation for onion fell 26.80% in Aug as against an
increase of 38.82% in Jul. ‘Fuel and power' inflation went up 17.73% in
Aug as against an increase of 18.10% in Jul. The WPI Food Index came in
at -2.25% in Aug as against -0.86% in Jul.
• According to media reports, the government could auction power
supply contracts with attached coal supplies. It could also relax rules to
allow coal usage for short-term power contracts and start a payment
mechanism to enable power projects recover dues from state electricity
distribution companies. This may ease sectoral stress to a large extent,
the report said. A high-level empowered committee headed by the
cabinet secretary is looking into the proposals and will meet Sep 21,
2018.
• The date, Oct 1, 2018, has been notified by the government for
implementing the tax deducted at source (TDS) and tax collected at
source provisions under Goods and Services Tax (GST) law. According to
the Central GST (CGST) Act, notified entities need to collect TDS at 1% on
payments to goods or services suppliers in excess of Rs 2.5 lakh. States
will levy 1% TDS under state laws. E-commerce companies will have to
collect up to 1% TCS when they make payment to suppliers.
• The Prime Minister will hold a meeting to do an economic review after
the rupee has witnessed record-lows, according to media reports. The
rupee has decreased around 13% since the start of 2018 because of a
strengthening U.S. dollar. The fall has put pressure on India’s current
account deficit and crude oil imports. Economists have advised the
government to stay committed to the fiscal deficit target and sidestep
populism.
• Optimism over the probable meeting of U.S. and China continued to
support Asian equity markets. Also, the Turkey central bank sharply
raising its key interest to control inflation helped sooth emerging market
risk concerns. Today (as of Sep 17), Asian markets opened almost on a
lower note following intensifying trade tensions between U.S. and China
amid reports that U.S. could impose new tariffs on Chinese goods.
Hangseng fell 1.21% (as at 8.a.m. IST). Nikkei remained closed.
• As per the last close, European markets closed higher on gains in auto
and mining stocks. Reports that another round of talks could take place
between the U.S. and China in the near future added to the gains.
Concerns about emerging markets also eased somewhat after Turkey's
central bank sharply raised its key interest rate.
• As per the last close, U.S markets closed on almost on a steady note.
Gains in semiconductor and transportation stocks boosted the indices.
However, reports that U.S. President has instructed to proceed with
plans to impose tariffs on an additional $200 billion worth of Chinese
goods capped the gains.
Markets for You
• Indian equity markets closed the last session of the week on a strong
footing with benchmark indices gaining handsomely. The positive
sentiment was backed by encouraging macro-economic numbers, lower
crude oil prices and rupee gaining some strength. Government data
showed CPI and WPI inflation eased in Aug 2018, which investors believe
will take the pressure off the Reserve Bank of India to raise interest rates
in the near future. Also, news that the Prime Minister is going to hold a
meeting in the day to review the economic situation in the wake of the
sliding rupee, buoyed investors.
• Key benchmark index S&P BSE Sensex gained 0.99% to close at
38,090.64 and Nifty 50 grew 1.28% to close at 11,515.20. S&P BSE Mid-
Cap and S&P BSE Small Cap gained 1.62% and 1.38%, respectively.
• On the BSE sectoral front, all the sectors gained. S&P BSE Realty and
S&P BSE Basic Materials were the major gainers, up 3.29% and 2.66%,
respectively. S&P BSE Power and S&P BSE Utilities grew 2.55% and
2.26%, respectively. S&P BSE Consumer Durables and S&P BSE Metal
each grew 2.26%.
FII Derivative Trade Statistics 14-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 3670.12 4061.18 25516.20
Index Options 183341.27 182521.82 84159.81
Stock Futures 16247.58 15865.81 88878.28
Stock Options 11717.61 11806.98 9169.77
Total 214976.58 214255.79 207724.06
14-Sep Prev_Day
Change
Put Call Ratio (OI) 1.38 1.29 0.09
Indian Debt Market
Put Call Ratio(Vol) 0.97 0.87 0.10
14-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 6.43% 6.34% 6.37% 5.83%
CBLO 5.57% 6.33% 6.45% 5.85%
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 7.05% 6.80% 6.80% 6.07%
364 Day T-Bill 7.65% 7.47% 7.27% 6.23%
10 Year Gilt 8.13% 8.03% 7.82% 6.59%
G-Sec Vol. (Rs.Cr) 32969 43177 28801 32368
Currency Market Update
FBIL MIBOR 6.50% 6.40% 6.50% 5.94%
3 Month CP Rate 7.95% 7.65% 7.75% 6.69%
5 Year Corp Bond 8.92% 8.79% 8.65% 7.35%
1 Month CD Rate 6.99% 6.98% 6.56% 6.10%
3 Month CD Rate 7.40% 7.19% 7.17% 6.14%
1 Year CD Rate 8.40% 8.20% 8.04% 6.50%
Commodity Market Update
Currency 14-Sep Prev_Day
Change
USD/INR 71.81 72.75 -0.94
GBP/INR 94.16 94.62 -0.47
EURO/INR 83.98 84.32 -0.35
International News
JPY/INR 0.64 0.65 -0.01
Commodity 14-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 68.93 67.68 66.99 49.81
Brent Crude($/bl) 77.81 75.62 69.96 57.65
Gold( $/oz) 1193 1195 1194 1329
Gold(Rs./10 gm) 30558 30402 29541 29972
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
17 September 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields remained steady as market participant wait for the
outcome of the Indian Prime Minister’s economic review meeting to
take further cues. The meeting is being held to consider the present
macroeconomic situation, particularly after the recent slide in rupee and
the consistent surge in oil prices.
• Yield on the 10-year benchmark paper (7.17% GS 2028) remained
unchanged at 8.13% from the previous closing after trading in a range of
8.08% to 8.13%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,956 crore (gross) on Sep 14 compared with a
borrowing of Rs. 3,696 crore (gross) on Sep 12. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
21,612 crore on Sep 13.
• According to a report from the University of Michigan, U.S. consumer
sentiment index came in higher than market expectations and grew to
100.8 in Sep 2018 as against 96.2 in Aug 2018. The increase came in as
the current economic conditions index surged to 116.1 in Sep from
110.3 in Aug. The index of consumer expectations also grew to 91.1 in
Sep from 87.1 in Aug.
• U.S. retail sales missed market expectations and edged up 0.1% in Aug
2018 as against an upwardly revised gain of 0.7% (0.5% gain originally
reported) in Jul 2018. The downside reflects decline in auto sales that
fell 0.8% in Aug as against a decline of 0.1% in Jul.
Markets for You
• Nifty Sep 2018 Futures settled at 11,547.30, a premium of 32.10 points,
above the spot closing of 11,515.20. The turnover on NSE’s Futures and
Options segment tumbled to Rs. 6,12,453.58 on Sep 14 compared with
Rs. 22,61,844.45 on Sep 12.
• The Put-Call ratio stood at 0.82, compared with the previous session’s
close of 0.75.
• The Nifty Put-Call ratio stood at 1.38 compared with the previous
session’s close of 1.29.
• India VIX declined 3.24% to 13.7875 from 14.2500 in the previous
trading session.
• The Indian rupee recovered against the greenback as market
participants showed hopes from the Prime Minister’s economic review
meeting, where the PM is expected to discuss measures to handle the
ongoing slide in the domestic currency. Lower than expected domestic
inflation rate of 3.69% for Aug also aided the local unit. • The euro was
nearly steady with improving market sentiments after the Turkish central
bank decided to increase interest rates, though trader remain cautious.
• Gold prices edged higher against the greenback after lower-than-
expected U.S. consumer inflation data raised doubts regarding interest
rate hike by the Federal Reserve.
• Brent crude prices increased on supply worries once U.S. sanction on
Iran kicks in Nov.
Thank you for
your time.
