29 Jan 2018
Markets for You
Global Indices
Global Indices 26-Jan Prev_Day Abs. Change
% Change
#
Dow Jones 26,617 26,393 224 0.85
Nasdaq 7,506 7,411 95 1.28
FTSE 7,666 7,616 50 0.65
Nikkei 23,632 23,669 -38 -0.16
Hang Seng 33,154 32,654 500 1.53
Indian Indices 25-Jan Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,050 36,162 -111 -0.31
Nifty 50 11,070 11,086 -16 -0.15
Nifty 100 11,459 11,497 -38 -0.33
Nifty Bank 27,446 27,399 47 0.17
SGX Nifty 11,070 11,078 -9 -0.08
S&P BSE Power 2,348 2,374 -27 -1.12
S&P BSE Small Cap 19,342 19,475 -133 -0.68
S&P BSE HC 15,029 15,143 -114 -0.75
Date P/E Div. Yield P/E Div. Yield
25-Jan 26.24 1.08 27.61 1.02
Month Ago 25.03 1.13 26.86 1.08
Year Ago 21.61 1.41 22.98 1.28
Nifty 50 Top 3 Gainers
Company 25-Jan Prev_Day
% Change
#
Indiabulls HFC 1394 1362 2.35
ICICI Bank 361 353 2.28
GAIL 494 485 1.81
Nifty 50 Top 3 Losers Domestic News
Company 25-Jan Prev_Day
% Change
#
United Phos 769 824 -6.71
SBI 313 330 -5.08
Aurobindo Pharma 640 658 -2.85
Advance Decline Ratio
BSE NSE
Advances 1115 610
Declines 1735 1188
Unchanged 162 59
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 11759
MF Flows** 5008
*25
th
Jan 2018; **23
rd
Jan 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)
29 January 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
4.80%
(Aug-17)
5.70%
(Jun-17)
Quarter Ago
Inflow/Outflow
342
878
3.14%
(Sep-17)
The Ministry of Finance announced registration of one crore tax payer
under total revenue collections under the Goods and Services Tax (GST)
so far till Jan 24, 2018. Also, GST collections gathered momentum in Dec
2017 after falling for two straight consecutive months, and raised to Rs.
86,703 crore from Rs. 80,808 crore in Nov 2017.
The government announced to deposit Rs. 88,000 crore of capital to 20
state-run banks in FY18 and also prescribe a reforms package to make
them more accountable. Of this, Rs. 80,000 crore will be through
recapitalisation bonds and Rs. 8,139 crore as budgetary support.
Meanwhile, banks will raise Rs. 10,312 crore from the market.
According to a major credit rating agency, finance ministry’s move to
recapitalise public sector banks (PSBs) may help to mitigate the risks that
Indian state banks face because of weak asset quality and poor earnings,
but resolution of bad assets and continued high credit costs may harm
the sector’s near-term performance.
The Department of Industrial Policy and Promotion (DIPP) has notified
of easing the foreign direct investment (FDI) rules for several sectors-
including single brand retail, non- banking financial companies and
construction. It has also mentioned that allowing 100% FDI in single
brand retail under automatic route would attract more investments in
production and marketing.
Dr Reddy's Laboratories Limited reported consolidated net profit of Rs.
3.34 billion for the quarter ended Dec 2017, down 29% YoY from Rs. 4.70
billion in the year-ago period. The decline reflects higher price erosion,
increased competition and the impact of adverse foreign exchange in the
U.S. and European markets.
L&T Finance Holdings Ltd’ s consolidated net profit grew 42% YoY to Rs.
384 crore for the third quarter ended Dec 31, 2017, from Rs. 271 crore in
the same period of the previous fiscal. The increase was driven by robust
growth in its rural lending and housing finance business.
Markets for You
Asian markets witnessed a mixed trend with investors awaiting U.S.
President's comments in the World Economic Forum in Davos,
Switzerland, along with preliminary data on U.S. fourth-quarter GDP,
scheduled post market hours. Today (As of Jan 29), Asian markets opened
higher amid Wall street gains in the last session. Also, gains in technology
and energy sector in regional markets added to the gains. Nikkei and Hang
seng grew 0.49% and 0.64%, respectively (as at 8.a.m. IST).
As per the last close, European market ended higher on solid earnings
results by some of the European majors. However, gains in Euro kept
stocks of exporters under pressure, thereby weighing on market
sentiment.
As per the last close, U.S markets ended almost higher on strong
corporate earnings by some of the U.S. majors and strong durable goods
orders data for Dec 2017. Lower than expected U.S. economic growth for
fourth quarter weighed on market sentiment. However, comments from
analysts that the report is not weak added to the gains.
Indian equity market closed in the red as market participants preferred
to book profit after the key indices rallied for the last six sessions.
Cautious note was also witnessed ahead of the Union budget, extended
weekend and expiry of monthly derivative contracts. Market sentiment
dented further after government's recapitalization plan for public sector
banks (PSBs) came lower than expected.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.31% and
0.15% to close at 36,050.44 and 11,069.65, respectively. S&P BSE Mid-
Cap and S&P BSE Small-Cap fell 0.75% and 0.68%, respectively.
The overall market breadth on BSE was negative with 1,735 scrips
declining and 1,115 scrips advancing. A total of 162 scrips remained
unchanged.
On the BSE sectoral front, most of the indices closed in the red barring
S&P BSE Metal (0.84%) and S&P BSE Capital Goods (0.38%). S&P BSE
Realty (-1.52%) stood as the major loser followed by S&P BSE Auto (-
1.18%), S&P BSE TECK (-1.13%). Banking sector also fell as most of the
PSUs declined after government's recapitalization plan for PSBs failed to
cheer investors.
FII Derivative Trade Statistics 25-Jan
(Rs Cr) Buy
Sell Open Int.
Index Futures 6470.43 5212.55 30687.75
Index Options 106027.09 107140.29 90437.46
Stock Futures 38641.10 39288.49 80474.33
Stock Options 9716.41 9645.56 10519.67
Total 160855.03 161286.89 212119.21
25-Jan Prev_Day
Change
Put Call Ratio (OI) 1.78 1.81 -0.04
Indian Debt Market
Put Call Ratio(Vol) 1.04 1.15 -0.11
25-Jan Wk. Ago Mth. Ago
Year Ago
Call Rate 5.91% 5.90% 5.97% 5.98%
CBLO 5.90% 5.86% 5.71% 6.10%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.40% 6.35% 6.18% 6.20%
364 Day T-Bill 6.51% 6.49% 6.37% 6.16%
10 Year Gilt 7.48% 7.47% 7.27% 6.42%
G-Sec Vol. (Rs.Cr) 39866 36341 38674 54682
Currency Market Update
1 Month CP Rate 6.93% 6.89% 6.89% 6.76%
3 Month CP Rate 7.75% 7.58% 7.03% 7.08%
5 Year Corp Bond 7.78% 7.77% 7.62% 7.09%
1 Month CD Rate 6.24% 6.24% 6.35% 6.22%
3 Month CD Rate 7.21% 6.98% 6.45% 6.42%
1 Year CD Rate 7.45% 7.31% 6.90% 6.54%
Commodity Market Update
Currency 25-Jan Prev_Day
Change
USD/INR 63.50 63.64 -0.15
GBP/INR 90.92 89.32 1.59
EURO/INR 79.07 78.45 0.61
International News
JPY/INR 0.58 0.58 0.00
Commodity 26-Jan Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 66.26 63.33 59.20 52.06
Brent Crude($/bl) 69.92 68.71 66.82 54.23
Gold( $/oz) 1350 1331 1283 1200
Gold(Rs./10 gm)* 30489 29891 28686 29092
Source: ICRON Research
*As on 25-Jan-18
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
29 January 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields rose as increase in crude oil prices raised concerns over
rise in inflation rate, which reduced expectations for an interest rate
reduction.
Yield on the existing 10-year benchmark paper (6.79% GS 2027)
increased 4 bps to close at 7.48% as against previous session’s close of
7.44%. During the session, bond yields traded in the range of 7.46% and
7.55%.
Yield on the new 10-year benchmark paper (7.17% GS 2028) rose 3 bps
to close at 7.31% as against previous session close of 7.28%. During the
session, bond yields traded in the range of 7.30% and 7.34%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 2,920 crore (gross) on Jan 25 compared with
Rs. 2,817 crore on Jan 24. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 12,015 crore on Jan 24.
The European Central Bank (ECB) kept its key interest rates and asset
purchases steady at record low. The bank reiterated its forward
guidance that rates will remain at current level and also ready to
increase the size as well as duration of asset buys, until inflation reaches
its target. The main refinance rate is at 0% and the deposit rate at -
0.40%. The marginal lending facility rate is 0.25%.
A report from the Commerce Department showed that U.S. real gross
domestic product missed market expectations for the fourth quarter
2017. It grew by 2.6% in the fourth quarter as against 3.2% growth seen
in the third quarter.
Markets for You
Nifty Jan 2018 Futures settled at spot closing of 11,069.65 points. Nifty
Feb 2018 Futures were at 11,062.6 points, a discount of 7.05 points,
below the spot closing. The turnover on NSE’s Futures and Options
segment went up from Rs. 10,41,404.92 crore on Jan 24 to Rs.
17,50,208.42 crore on Jan 25.
The Put-Call ratio closed at 0.84 against the previous session’s close of
0.92.
The Nifty Put-Call ratio stood at 1.78 against previous session’s close of
1.81.
Open interest on Nifty Futures stood at 39.19 million as against the
previous session’s close of 36.84 million.
The Indian rupee strengthened against the U.S. dollar as the latter
weakened amid comments from the U.S. President stating that a strong
dollar is wanted, contradicting comments by U.S. Treasury Secretary who
backed a weaker dollar to help boost America's global trade.
The euro strengthened after the president of the European Central
Bank signalled that economic data indicated a solid and broad growth.
Gold prices traded higher amid weakness in U.S. dollar against euro
following recent comments from the U.S. Treasury Secretary.
Oil prices traded lower as concerns over seasonally weak demand
outlook overshadowed favourable impact of weakness in the U.S. dollar.
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