27 Feb 2018
Markets for You
Global Indices
Global Indices 26-Feb Prev_Day Abs. Change
% Change
#
Dow Jones 25,709 25,310 399 1.58
Nasdaq 7,421 7,337 84 1.15
FTSE 7,290 7,244 45 0.62
Nikkei 22,154 21,893 261 1.19
Hang Seng 31,499 31,267 231 0.74
Indian Indices 26-Feb Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,446 34,142 304 0.89
Nifty 50 10,583 10,491 92 0.87
Nifty 100 10,954 10,858 96 0.88
Nifty Bank 25,688 25,303 385 1.52
SGX Nifty 10,581 10,517 64 0.61
S&P BSE Power 2,234 2,214 21 0.94
S&P BSE Small Cap 18,154 17,996 158 0.88
S&P BSE HC 14,220 14,225 -6 -0.04
Date P/E Div. Yield P/E Div. Yield
26-Feb 23.66 1.16 25.95 1.12
Month Ago 26.24 1.08 27.61 1.02
Year Ago 22.02 1.42 23.36 1.24
Nifty 50 Top 3 Gainers
Company 26-Feb Prev_Day
% Change
#
Maruti 9005 8699 3.52
Tata Motors 372 360 3.29
L&T Ltd. 1344 1302 3.27
Nifty 50 Top 3 Losers Domestic News
Company 26-Feb Prev_Day
% Change
#
Sun Pharma 556 570 -2.41
Infosys 1139 1156 -1.48
Tech Mahindra 612 621 -1.45
Advance Decline Ratio
BSE NSE
Advances 1575 1075
Declines 1172 738
Unchanged 195 60
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 4734
MF Flows** 20595
*26
th
Feb 2018; **23
rd
Feb 2018
Economic Indicator
YoY(%) Current Year Ago
WPI
2.84%
(Jan-18)
4.26%
(Jan-17)
IIP
7.10%
(Dec-17)
1.90%
(Dec-16)
GDP
6.30%
(Sep-17)
7.50%
(Sep-16)
27 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
Sensex
4.10%
(Sep-17)
5.70%
(Jun-17)
Quarter Ago
Inflow/Outflow
1466
852
3.68%
(Oct-17)
Indian equity markets gained for the second consecutive day after
taking cues from most of the other regional peers. Investors also
remained optimist ahead of the key economic data scheduled to be
released during the week, including, Nikkei Markit Manufacturing
Purchasing Managers Index (PMI), fiscal deficit and Gross Domestic
Product (GDP) data. However, upside was limited on worries over more
fraudulent cases in public sector banks.
Key benchmark indices, S&P BSE Sensex and Nifty 50 gained 0.89% and
0.87% to close at 34,445.75 and 10,582.60, respectively. S&P BSE Mid-
Cap and S&P BSE Small-Cap fell 0.74% and 0.88%, respectively.
The overall market breadth on BSE was strong with 1575 scrips
advancing and 1172 scrips declining. A total of 195 scrips remained
unchanged.
On the BSE sectoral front, S&P BSE Realty (3.3%) was the top gainer
followed by S&P BSE Auto (2.22%) and S&P BSE Capital Goods (1.83%).
Among the losers, S&P BSE IT (-1.1%) was the major loser followed by
S&P BSE Teck (-0.69%), S&P BSE HC (-0.04%) and S&P BSE FMCG (-
0.03%).
According to media reports, the borrowing cost of central government
and state government may come down in FY19. The expectation comes
after the Indian government allowed the Employees’ Provident Fund
Organization (EPFO) to allocate a minimum of 20% of its portfolio to
corporate bonds. This is lower than the earlier threshold which was set
at 35%. The threshold has been lowered due to lack of availability of
quality corporate paper in the country. This increase in investment limit
for sovereign bonds is expected to lower the pressure on government
debt market where the benchmark yield have increased significantly in
the past five months.
Data from capital market regulator, Securities and Exchange Board of
India (SEBI) showed that investment in the domestic capital market
through participatory notes plunged to a near eight and a half year low
to Rs. 1.19 lakh crore in Jan 18 from Rs. 1.25 lakh crore in the previous
month. This is at the lowest level since Aug 2009 when investment in the
domestic capital market through participatory notes stood at Rs. 1.10
lakh crore. The steep decline can be attributed to strict measures taken
by SEBI to check misuse of the same.
Bharti Airtel has announced to work in collaboration with Seamless
Alliance to bring high-speed and uninterrupted in-flight data connectivity
to mobile customers.
Dr Reddy’s Laboratories announced that it has received the
establishment inspection report (EIR) from the U.S. health regulator for
its Srikakulam plant.
Reliance Industries and BP Plc's $4 billion plan for developing 3 sets of
discoveries in KG-D6 block in Bay of Bengal was approved by a
government oversight panel.
Asian markets went up as investors continued to take positive cues
from the U.S. Federal Reserve's monetary policy report, which suggested
a gradual pace of interest rate hikes in 2018. The same eased worries
over faster than expected rate hike by the U.S. central bank. Today (As of
Feb 27), Asian markets opened higher amid gains in Wall Street’s last
session. Also, gains in manufacturing, auto, financial and technology
stocks further boosted the indices. Nikkei and Hang seng grew 1.47% and
0.48%, respectively (as at 8.a.m. IST).
As per the last close, European markets ended higher amid gains in
technology and basic resources stocks. However, investors remained
cautious ahead of an eventful trading week including new U.S. Federal
Reserve’s Chair release of first semi-annual monetary policy report.
As per the last close, U.S markets ended almost higher amid continued
fall in treasury yields. Gains in telecom, technology and semiconductor
stocks further boosted the indices. However, weak new home sales in
Jan 2018 capped the gains.
Markets for You
FII Derivative Trade Statistics 26-Feb
(Rs Cr) Buy
Sell Open Int.
Index Futures 1730.69 2425.13 12394.38
Index Options 51021.64 46370.80 52493.00
Stock Futures 9292.52 8000.17 70936.64
Stock Options 4751.75 4684.45 1951.68
Total 66796.60 61480.55 137775.70
26-Feb Prev_Day
Change
Put Call Ratio (OI) 1.46 1.43 0.03
Indian Debt Market
Put Call Ratio(Vol) 1.01 0.97 0.04
26-Feb Wk. Ago Mth. Ago
Year Ago
Call Rate 5.97% 5.96% 5.91% 5.92%
CBLO 5.91% 4.96% 5.90% 5.79%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.28% 6.32% 6.40% 6.08%
364 Day T-Bill 6.62% 6.56% 6.51% 6.21%
10 Year Gilt 7.69% 7.58% 7.31% 6.91%
G-Sec Vol. (Rs.Cr) 22590 23303 39866 35942
Currency Market Update
1 Month CP Rate 6.88% 6.87% 6.93% 6.55%
3 Month CP Rate 7.90% 7.89% 7.75% 6.86%
5 Year Corp Bond 8.00% 7.88% 7.78% 7.44%
1 Month CD Rate 6.25% 6.23% 6.24% 6.13%
3 Month CD Rate 7.26% 7.22% 7.21% 6.35%
1 Year CD Rate 7.53% 7.48% 7.45% 6.60%
Commodity Market Update
Currency 26-Feb Prev_Day
Change
USD/INR 64.66 64.82 -0.16
GBP/INR 90.65 90.40 0.25
EURO/INR 79.70 79.76 -0.07
International News
JPY/INR 0.61 0.61 0.00
Commodity 26-Feb Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 63.80 61.87 65.59 53.94
Brent Crude($/bl) 68.30 64.19 71.17 53.83
Gold( $/oz) 1333 1346 1348 1257
Gold(Rs./10 gm) 30573 30635 30489 29300
Source: ICRON Research
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
27 February 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Mar 2018 Futures were at 10,600.45 points, a premium of 17.85
points, over the spot closing of 10,582.60. The turnover on NSE’s
Futures and Options segment went up from Rs. 4,10,334.60 crore on
Feb 23 to Rs. 4,29,229.27 crore on Feb 26.
The Put-Call ratio stood at 0.88 against previous session’s close of
0.83.
The Nifty Put-Call ratio stood at 1.46 against previous session’s close of
1.43.
Open interest on Nifty Futures stood at 21.50 million as against the
previous session’s close of 20.73 million.
Bond yields rose following rise in international crude oil prices. Market
sentiment remains bearish amid absence of any fresh triggers as well as
low participation from state-run banks. Investors also remained cautious
ahead of the domestic economic growth numbers for the quarter ended
Dec 2017.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 2 bps to
close at 7.69% as against previous session’s close of 7.67%. During the
session, bond yields traded in the range of 7.64% and 7.71%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,615 crore (gross) on Feb 26 compared with
Rs. 3,605 crore on Feb 23. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 17,643 crore on Feb 23.
Banks did not borrow under the central bank’s Marginal Standing
Facility on Feb 23 as against Rs. 175 crore borrowing on Feb 22.
The Indian rupee rose initially against the dollar following gains in the
domestic equity market. However, month end dollar demand from oil
importers wiped out the gains. The rupee inched down 0.09% to close at
64.79 per dollar from the previous close of 64.73 per dollar.
The euro rose against the dollar as the latter remained under pressure
due to stock market volatility. Euro rose 0.25% and was trading at
$1.2324, from the previous close of $1.2293.
Gold prices traded higher as U.S. dollar fell as investors remained
cautious ahead of U.S Fed's new head’s testimony this week.
Brent crude prices traded higher amid news that Saudi Arabia would
continue to curb exports.
According to the Deputy Governor - Bank of England, country’s
interest rate is likely to rise soon. An acceleration in wage growth has
indicated that faster rate hikes are needed.
According to the data from U.K. Finance, country’s mortgage approvals
rose three-month high to 40,117 in Jan 2018 from 36,085 in Dec 2017.
Gross mortgage lending increased 7.7% annually to GBP 13.8 billion.
Similarly, card spending increased 5.8% in Jan 2018.
According to the Confederation of British Industry, U.K.’s service
sector witnessed strong growth in business volumes in three months to
Feb 2018. Both business and professional services and consumer
services reported rise in profits for the first time in Feb since Nov 2015.
Markets for You
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