09 Feb 2018
Markets for You
Global Indices
Global Indices 08-Feb Prev_Day Abs. Change
% Change
#
Dow Jones 23,860 24,893 -1,033 -4.15
Nasdaq 6,777 7,052 -275 -3.90
FTSE 7,171 7,279 -109 -1.49
Nikkei 21,891 21,645 245 1.13
Hang Seng 30,451 30,323 128 0.42
Indian Indices 08-Feb Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,413 34,083 330 0.97
Nifty 50 10,577 10,477 100 0.96
Nifty 100 10,959 10,845 114 1.05
Nifty Bank 25,921 25,670 251 0.98
SGX Nifty 10,548 10,595 -47 -0.44
S&P BSE Power 2,224 2,217 7 0.31
S&P BSE Small Cap 18,131 17,732 400 2.25
S&P BSE HC 14,345 13,939 406 2.91
Date P/E Div. Yield P/E Div. Yield
8-Feb 24.21 1.15 25.56 1.07
Month Ago 25.37 1.12 27.16 1.07
Year Ago 21.93 1.44 23.28 1.26
Nifty 50 Top 3 Gainers
Company 08-Feb Prev_Day
% Change
#
Cipla 613 569 7.62
Sun Pharma 584 550 6.30
Ambuja Cem 262 248 5.48
Nifty 50 Top 3 Losers Domestic News
Company 08-Feb Prev_Day
% Change
#
Indian Oil 386 405 -4.73
Aurobindo Pharma 602 616 -2.31
Power Grid 193 196 -1.18
Advance Decline Ratio
BSE NSE
Advances 2197 1497
Declines 625 301
Unchanged 108 52
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 12169
MF Flows** 10446
*8
th
Feb 2018; **7
th
Feb 2018
Economic Indicator
YoY(%) Current Year Ago
WPI
3.58%
(Dec-17)
2.10%
(Dec-16)
IIP
8.40%
(Nov-17)
5.10%
(Nov-16)
GDP
6.30%
(Sep-17)
7.50%
(Sep-16)
09 February 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
Nifty
4.80%
(Aug-17)
5.70%
(Jun-17)
Quarter Ago
Inflow/Outflow
473
-1001
3.14%
(Sep-17)
According to an official statement, the Union cabinet has approved the
signing and ratification of protocol amending the double taxation
avoidance agreement with China. The protocol will also include updating
the existing provisions for exchange of information to the latest
international standards and will incorporate changes required to
implement treaty related minimum standards under the Action reports of
Base Erosion & Profit shifting (BEPS) Project.
The Reserve Bank of India has raised the forex futures trading limit to
$100 million. The central bank expects that increase in the upper limit
would lure business away from regional financial hubs as it is expected to
boost daily trading volumes on domestic exchanges. The move will also
create arbitrage opportunity between onshore and offshore markets.
Non-resident Indians as well as high networth individuals will be
encouraged to take positions in the currency futures market.
The government is considering finalising a policy to scrap commercial
vehicles that are more than 15 years old and is proposing tax incentives
from both the Centre and states. However, this proposal would require
the approval of the Goods and Services Tax (GST) Council. The policy will
likely be known as the Voluntary Vehicle Fleet Modernisation Programme
and is expected to push 28 million vehicles off the roads.
Cadila Healthcare announced growth in consolidated net profit by
67.73% to Rs. 543.3 crore in the quarter ended Dec 2017 as against net
profit of Rs. 323.9 crore in the quarter ended Dec 2016. Revenue from
operations grew 38.63% to Rs. 3,191.8 crore in Dec 2017 from Rs. 2,302.3
crore in Dec 2016.
Bharat Forge announced increase in net profit by 77.39% to Rs. 2.28
billion in the quarter ended Dec 2017 as compared with net profit of Rs.
1.28 billion in the quarter ended Dec 2016. Its revenue from operations
stood at Rs. 13.90 billion.
Markets for You
After witnessing sell-off over past few trading sessions, Indian equity
markets managed to recover on the back of value buying on recent
beaten-down stocks. Optimism over positive corporate earning numbers
provided additional support.
Key benchmark indices S&P BSE Sensex and Nifty 50 rose 0.97% and
0.96% to close at 34,413.16 and 10,576.85, respectively. S&P BSE Mid-Cap
and S&P BSE Small-Cap went up 1.82% and 2.25%, respectively.
The overall market breadth on BSE was positive with 2,197 scrips
advancing and 625 scrips declining. A total of 108 scrips remained
unchanged.
On the BSE sectoral front, barring S&P BSE Oil & Gas, all the indices
closed in the green. S&P BSE Healthcare was the top gainer, up 2.91%,
followed by S&P BSE Realty and S&P BSE Basic Materials, which rose
2.51% and 2.48%, respectively. S&P BSE Consumer Discretionary Goods &
Services and S&P BSE Industrials went up 1.63% and 1.45%, respectively.
Asian markets witnessed a mixed trend after positive impact from better
than expected growth in China’s exports in Jan 2018 was neutralised by
concerns over increasing U.S. bond yield and imminent rate hike by the
U.S. Federal Reserve. Today (As of Feb 8), Asian markets opened lower
following losses in the Wall Street. Both Nikkei and Hang Seng were
trading down 2.42% and 2.83% (as at 8.a.m. IST).
As per the last close, European market ended lower following losses in
the Wall Street. The continued rise in bond yields further added to losses.
Energy and mining stocks were also under pressure due to the recent rise
in the value of the U.S. dollar.
As per the last close, U.S markets ended lower despite strong corporate
earnings and economic data as investors showed concerned over rising
inflation that pushed U.S. 10-year treasury yield higher.
FII Derivative Trade Statistics 08-Feb
(Rs Cr) Buy
Sell Open Int.
Index Futures 3161.85 4912.93 17777.55
Index Options 103224.20 102637.86 83211.66
Stock Futures 12052.77 10810.53 76265.99
Stock Options 6797.29 6914.19 7153.01
Total 125236.11 125275.51 184408.21
08-Feb Prev_Day
Change
Put Call Ratio (OI) 1.09 1.01 0.08
Indian Debt Market
Put Call Ratio(Vol) 0.91 0.81 0.10
08-Feb Wk. Ago Mth. Ago
Year Ago
Call Rate 5.90% 5.89% 5.88% 6.03%
CBLO 5.91% 5.84% 5.81% 6.11%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.34% 6.34% 6.00% 6.11%
364 Day T-Bill 6.55% 6.54% 6.43% 6.20%
10 Year Gilt 7.47% 7.60% 7.13% 6.75%
G-Sec Vol. (Rs.Cr) 50448 48397 43017 48870
Currency Market Update
1 Month CP Rate 6.89% 6.95% 6.87% 6.66%
3 Month CP Rate 7.79% 7.76% 7.34% 6.98%
5 Year Corp Bond 7.87% 7.89% 7.67% 7.32%
1 Month CD Rate 6.24% 6.27% 6.23% 6.30%
3 Month CD Rate 7.24% 7.19% 6.70% 6.52%
1 Year CD Rate 7.52% 7.51% 7.07% 6.69%
Commodity Market Update
Currency 08-Feb Prev_Day
Change
USD/INR 64.16 64.14 0.02
GBP/INR 89.19 89.50 -0.31
EURO/INR 78.75 79.43 -0.69
International News
JPY/INR 0.59 0.59 0.00
Commodity 08-Feb Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 61.28 65.90 61.68 52.32
Brent Crude($/bl) 64.20 68.28 69.12 54.11
Gold( $/oz) 1319 1349 1320 1242
Gold(Rs./10 gm) 29881 30286 29492 29376
Source: ICRON Research
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
09 February 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields fell as investors were optimist that the Reserve Bank of
India (RBI) might not increase interest rates soon. Also, continuous
decline in global crude oil prices also improved investor sentiment.
Yield on the 10-year benchmark paper (7.17% GS 2028) fell 6 bps to
close at 7.47% as against previous session’s close of 7.53%. During the
session, bond yields traded in the range of 7.46% and 7.52%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 2,500 crore (gross) on Feb 8 compared with Rs.
4,789 crore on Feb 7. Sale of securities under RBI’s reverse repo window
stood at Rs. 9,922 crore on Feb 7.
Banks borrowed Rs. 1,650 crore under the central bank’s Marginal
Standing Facility on Feb 7 as against no borrowing on Feb 6.
RBI conducted a 7-day variable rate reverse repo auction for a notified
amount of Rs. 25,000 crore for which Rs. 14,620 crore was allotted at a
cut-off rate of 5.99%.
The Bank of England kept key interest rate and asset purchase
programme on hold in its latest policy meeting. The Monetary Policy
Committee voted unanimously to maintain the benchmark rate at 0.50%
at the rate setting meeting. The bank had raised its key rate in Nov 2017,
thereby marking the first hike in a decade.
China’s exports surpassed market expectations and grew 11.1% YoY in
Jan 2018, up from 10.9% growth in Dec 2017 driven by global demand.
Meanwhile, imports surged 36.9% YoY in Jan as factories lifted stocks
ahead of the holidays. Due to higher imports, the trade surplus fell to
$20.34 billion in Jan.
Markets for You
Nifty Feb 2018 Futures were at 10,572.25 points, a discount of 4.60
points below the spot closing of 10,576.85. The turnover on NSE’s
Futures and Options segment went up from Rs. 7,26,957.69 crore on Feb
7 to Rs. 14,26,958.16 crore on Feb 8.
The Put-Call ratio stood at 0.79 against previous session’s close of 0.80.
The Nifty Put-Call ratio stood at 1.09 against previous session’s close of
1.01.
India VIX moved down 8.70% to 17.7725 from 19.4650 in the previous
trading session.
Open interest on Nifty Futures stood at 24.69 million as against the
previous session’s close of 23.50 million.
The Indian rupee remained almost steady against the U.S. dollar as
weakness due to broad gains in greenback neutralized positive impact of
dollar sales by corporates and foreign banks. The rupee rose 0.03% to
close at 64.26 per dollar from the previous close of 64.28.
Euro fell for the second consecutive session against the U.S. dollar after
U.S. congressional leaders agreed on a two-year budget deal to raise
government spending by almost $300 billion. Euro was trading at $1.2224
compared with the previous close of $1.2262.
Gold prices traded lower as upbeat weekly jobless data led to the
speculation over a probable rate hike by the U.S. Federal Reserve.
Brent crude prices remained low as lingering concerns over rising
production in the U.S. sent prices to their lowest levels in around five
weeks.
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