01 Mar 2018
Markets for You
Global Indices
Global Indices 28-Feb Prev_Day Abs. Change
% Change
#
Dow Jones 25,029 25,410 -381 -1.50
Nasdaq 7,273 7,330 -57 -0.78
FTSE 7,232 7,282 -51 -0.69
Nikkei 22,068 22,390 -322 -1.44
Hang Seng 30,845 31,269 -424 -1.36
Indian Indices 28-Feb Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,184 34,346 -162 -0.47
Nifty 50 10,493 10,554 -61 -0.58
Nifty 100 10,861 10,923 -61 -0.56
Nifty Bank 25,107 25,384 -276 -1.09
SGX Nifty 10,500 10,570 -70 -0.66
S&P BSE Power 2,223 2,234 -11 -0.51
S&P BSE Small Cap 18,128 18,090 38 0.21
S&P BSE HC 14,113 14,142 -29 -0.20
Date P/E Div. Yield P/E Div. Yield
28-Feb 23.69 1.16 25.68 1.13
Month Ago 26.24 1.08 27.61 1.02
Year Ago 21.85 1.43 23.13 1.25
Nifty 50 Top 3 Gainers
Company 28-Feb Prev_Day
% Change
#
Infosys 1173 1150 1.95
United Phos 729 721 1.05
Eicher Motors 27438 27155 1.04
Nifty 50 Top 3 Losers Domestic News
Company 28-Feb Prev_Day
% Change
#
Vedanta Limited 330 341 -3.19
HPCL 380 392 -2.90
ICICI Bank 313 322 -2.76
Advance Decline Ratio
BSE NSE
Advances 1091 692
Declines 1617 1086
Unchanged 161 66
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 2744
MF Flows** 22284
*28
th
Feb 2018; **26
th
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
7.20%
(Dec-17)
7.00%
(Dec-16)
01 March 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)
6.50%
(Sep-17)
Quarter Ago
Inflow/Outflow
1673
-875
3.68%
(Oct-17)
Government data showed that India’s gross domestic product (GDP)
grew 7.2% YoY in the third quarter of FY18, better than upwardly revised
growth of 6.5% (6.3% originally reported) in the previous quarter driven
by pick up in manufacturing and spending. On Gross Value Added (GVA)
basis, the economy rose 6.7%, better than upwardly revised growth of
6.2% (6.1% originally reported) rise in the quarter ended Sep 2017.
Manufacturing output at GVA basic prices rose 8.1% in the Dec quarter,
up from downwardly revised growth of 6.9% in Sep quarter.
The Nikkei India Manufacturing Purchasing Managers' Index (PMI)
slightly fell to 52.1 in Feb 2018 from 52.4 in Jan 2018. The slight decline
reflects slower pace of growth for factory output and new business
orders. Meanwhile, this is the seventh consecutive month during which
the manufacturing PMI came in above 50, indicating expansion. The
expansion reflected significant rise in manufacturing production and
improved underlying demand, with domestic and external sources
driving new business gains.
Government data showed that India's fiscal deficit during Apr to Jan
2018 stood at Rs. 6.77 lakh crore or 113.7% of the budgeted target for
FY18. During the corresponding period last year, fiscal deficit was at
105.6% of the Budget Estimate. Total receipts were Rs. 11.63 lakh crore
or 71.7% of the Budget Estimate, while revenue expenditure amounted
to Rs. 15.76 lakh crore or 81.0% of the financial year estimates.
Government data showed that the index of eight core industries grew
6.7% in Jan 2018 from upwardly revised 4.2% in the previous month
(4.0% originally reported) and 3.4% in the same period of the previous
year. The increase in pace of growth reflects 20.7% and 11% growth in
cement and refinery products.
Markets for You
Asian markets traded lower as the new U.S. Federal Reserve Chief’s
hawkish comment in his first U.S. Congressional testimony renewed
speculation that central bank may hike rates 4 times in 2018. Weak
economic data from China and Japan dented market sentiments. Today
(As of March 1), Asian markets opened lower amid decline in auto, and
financial stocks. Also, investors remained cautious ahead of China Caixin
manufacturing data due later in the day. Nikkei and Hang seng fell 1.47%
and 0.29%, respectively (as at 8.a.m. IST).
As per the last close, European markets ended lower after the new U.S.
Federal Reserve chairman stated that it was possible that the central
bank could increase rates more than three times in 2018. Also, some key
weak economic data weighed on market sentiment.
As per the last close, U.S markets ended on a lower note. The market
witnessed volatility amid uncertainty about outlook for interest rates
after new U.S. Federal Reserve Chairman seemed to suggest that the Fed
may raise rates more than three times this year. Meanwhile, a batch of
disappointing economic data weighed on the indices.
Indian equity markets closed in red amid fiscal deficit concerns after
India's fiscal deficit during Apr to Jan 2018 came in at 113.7% of the
budgeted target for FY18. Also, slight decline in Nikkei India
Manufacturing Purchasing Managers' Index in Feb 2018 further weighed
on market sentiments.
Banking stocks fell on announcement by the finance ministry of a 15-
day deadline to state-run banks to take pre-emptive action, identify and
address operational and technological risks, thereby negatively
impacting the indices. Further, losses in global equity markets amid
hawkish comments from U.S. Federal Reserve chair muted buying
interest. Meanwhile, investors remained cautious ahead of India’s GDP
data for third quarter 2017 that was supposed to be posted during the
after-market hours.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.47% and
0.58% to close at 34,184.04 and 10,492.85, respectively. S&P BSE Mid-
Cap fell 0.23% and S&P BSE Small-Cap grew 0.21%, respectively.
The overall market breadth on BSE was weak with 1,617 scrips
declining and 1,091 scrips advancing. A total of 161 scrips remained
unchanged.
FII Derivative Trade Statistics 28-Feb
(Rs Cr) Buy
Sell Open Int.
Index Futures 2207.76 1424.45 14147.84
Index Options 59752.57 58736.40 57115.73
Stock Futures 8560.53 8132.46 72439.80
Stock Options 5026.12 4896.36 3281.89
Total 75546.98 73189.67 146985.26
28-Feb Prev_Day
Change
Put Call Ratio (OI) 1.38 1.42 -0.05
Indian Debt Market
Put Call Ratio(Vol) 0.93 1.03 -0.11
28-Feb Wk. Ago Mth. Ago
Year Ago
Call Rate 5.93% 5.95% 5.91% 5.95%
CBLO 5.84% 5.96% 5.90% 5.73%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.31% 6.32% 6.40% 6.00%
364 Day T-Bill 6.64% 6.61% 6.51% 6.20%
10 Year Gilt 7.73% 7.71% 7.31% 6.87%
G-Sec Vol. (Rs.Cr) 19186 12976 39866 26368
Currency Market Update
1 Month CP Rate 6.88% 6.90% 6.93% 6.58%
3 Month CP Rate 7.92% 7.89% 7.75% 6.84%
5 Year Corp Bond 8.06% 7.97% 7.78% 7.45%
1 Month CD Rate 6.25% 6.24% 6.24% 6.02%
3 Month CD Rate 7.25% 7.22% 7.21% 6.31%
1 Year CD Rate 7.58% 7.50% 7.45% 6.66%
Commodity Market Update
Currency 28-Feb Prev_Day
Change
USD/INR 65.10 64.85 0.25
GBP/INR 90.45 90.58 -0.14
EURO/INR 79.59 79.97 -0.38
International News
JPY/INR 0.61 0.61 0.00
Commodity 28-Feb Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 61.42 61.71 66.26 53.95
Brent Crude($/bl) 66.72 64.55 69.92 52.45
Gold( $/oz) 1318 1324 1350 1249
Gold(Rs./10 gm) 30398 30393 30489 29591
Source: ICRON Research
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
01 March 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields rose as investors were cautious ahead of India’s economic
growth data for Oct-Dec 2017 quarter. Sharp fall in rupee and gains in
U.S. Treasury yields due to U.S. Federal Reserve Chairman’s indication
on rate hike also weighed on market sentiments.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 6 bps to
close at 7.73% as against previous session’s close of 7.67%. During the
session, bond yields traded in the range of 7.67% and 7.73%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,640 crore (gross) on Feb 28 compared with
Rs. 3,585 crore on Feb 27. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 16,169 crore on Feb 27.
The Indian rupee weakened against the U.S. dollar following rise in the
dollar index on further expectations of faster pace of interest rate
increases from the U.S. Federal Reserve in the current year. Rupee fell
0.48% close at 65.18 per dollar from the previous close of 64.87.
Euro was trading lower against the U.S. dollar as hawkish remarks by
the U.S. Federal Reserve Chairman continued to boost demand for the
greenback. Euro was trading at $1.2206 compared with the previous
close of $1.2231.
Gold prices traded lower amid speculations over probable rate hikes
by U.S. Fed 4 times in 2018.
Brent Crude prices traded lower after data from American Petroleum
Institute showed that crude inventories rose by 933,000 barrels in the
week to Feb 23.
A report from the Conference Board showed that U.S. consumer
confidence index surpassed market expectations and grew to 130.8 in
Feb 2018 as against downwardly revised 124.3 (125.4 originally
reported) in Jan 2018. This marked the highest level since Nov 2000.
According to a report from the Commerce Department, U.S. durable
goods orders fell more than market expectations in Jan 2018. It fell 3.7%
in Jan as against a revised gain of 2.6% (2.8% gain originally reported) in
Dec 2017. The downside reflects sharp fall in orders for transportation
equipment that plunged by 10% in Jan as against a gain of 6.4% in Dec.
Markets for You
Nifty Mar 2018 Futures were at 10,519.40 points, a premium of 26.55
points, over the spot closing of 10,492.85. The turnover on NSE’s Futures
and Options segment went up from Rs. 5,55,470.88 crore on Feb 27 to
Rs. 778710.91 crore on Feb 28.
The Put-Call ratio stood at 0.73 against previous session’s close of 0.90.
The Nifty Put-Call ratio stood at 1.38 against previous session’s close of
1.42.
India VIX moved down 0.84% to 13.8050 from 13.9225 in the previous
trading session.
Open interest on Nifty Futures stood at 22.77 million as against the
previous session’s close of 22.47 million.
Thank you for
your time.