01Feb2018
MarketsforYou
GlobalIndices
GlobalIndices 31‐Jan Prev_Day Abs.Change
%Change
#
DowJones 26,149 26,077 73 0.28
Nasdaq 7,411 7,402 9 0.12
FTSE 7,534 7,588 ‐54 ‐0.72
Nikkei 23,098 23,292 ‐194 ‐0.83
HangSeng 32,887 32,607 280 0.86
IndianIndices 31‐Jan Prev_Day Abs.Change
%Change
#
S&PBSESensex 35,965 36,034 ‐69 ‐0.19
Nifty50 11,028 11,050 ‐22 ‐0.20
Nifty100 11,394 11,425 ‐31 ‐0.27
NiftyBank 27,379 27,269 110 0.40
SGXNifty 11,085 11,058 27 0.24
S&PBSEPower 2 ,319 2,328 ‐8 ‐0.35
S&PBSESmallCap 18,717 18,874 ‐157 ‐0.83
S&PBSEHC 14,559 14,800 ‐240 ‐1.62
Date P/E Div.Yield P/E Div.Yield
31‐Jan 25.42 1.09 27.50 1. 03
MonthAgo 25.22 1.12 26.92 1. 08
YearAgo 21.58 1.42 22.86 1. 29
Nifty50Top3Gainers
Company 31‐Jan Prev_Day
%Change
#
BhartiInfratel 352 344 2.06
KotakBank 1109 1088 1.92
TechMahindra 613 603 1.61
Nifty50Top3Losers DomesticNews
Company 31‐Jan Prev_Day
%Change
#
TataSteel 705 776 ‐9.13
Dr.Reddy 2225 2306 ‐3.50
UnitedPhos 752 771 ‐2.43
AdvanceDeclineRatio
BSE NSE
Advances 1036 635
Declines 1776 1165
Unchanged 160 70
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 13781
MFFlows** 7386
*31
st
Jan2018;**30
th
Jan2018
EconomicIndicator
YoY(%) Current YearAgo
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)
01February2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
4.80%
(Aug‐17)
5.70%
(Jun‐17)
QuarterAgo
Inflow/Outflow
1051
32
3.14%
(Sep‐17)
• According to the Central Statistics Office (CSO), Gross Domestic Product
(GDP) exhibited growth of 7.1% during FY17 and 8.2% during FY16.
Nominal GDP for FY17 witnessed growth of 10.8% as against 10.4%
growth during FY16. Nominal Gross Value Added (GVA) at basic prices
increased 10.1% during FY17 as against 9.2% during FY16. Real GVA
witnessed growth of 7.1% in FY17 as against growth of 8.1% in FY16.
Growth in real GVA during FY17 has been lower than that in FY16 mainly
due to slowdown in manufacturing, construction, transport, storage,
communication & services related to broadcasting, trade, repair, hotels
and restaurants, financial services, real estate and ownership of dwelling
& professional services.
• Government data showed that the index of eight core industries grew
4.0% in Dec 2017 from upwardly revised 7.4% in the previous month
(6.8% originally reported) and 5.6% in the same period of the previous
year. The decrease in pace of growth reflects slowdown in all sectors
barring fertilizers and cement. Steel witnessed maximum slowdow n to
2.6% from 17.1%. The growth of th e index of e ig ht core industries from
Apr to Dec of FY18 slow ed to 4.0% from 5.3% in t he same period of the
previous year.
• According to a gazette notification issued by the government, bonds
that will be issued to state‐run banks under capitalisation plan of the
government will have te nure of 10‐15 years and carry coupon interest
rates of 7.35%‐7.68%. The amount set aside for each bank is adding up to
Rs. 80,000 crore for all banks. The special securities will be issued at par
and the date of issue of the special securities will be the date of rec eipt of
subscription amount from the eligible banks. The proceeds from the
bonds will be used by the government to infuse capital in these banks,
thereby making the entire transaction cash neutral for the government.
• Larsen & Toubro profit for the quarter ended Dec 31, 2017, came in at
Rs. 1,490 crore, up 53% YoY. Consolidated gross revenue came in at Rs.
28,747 crore, up 9.4% YoY owing to some improvement in execution
momentum and growth in services business.
MarketsforYou
• Asian markets traded in mixed ahead of the U.S. Federal Reserve’s
policy meeting, falling oil prices, negative cues from overnight U.S.
market and concerns over U.S. immigration policy following U.S.
President’s speech. However, downside was limited as some key
economic data came better than expected. Today (As of Feb 01), Asian
markets opened slightly higher following rise on the Wall Street
overnight. Both Nikkei and Hang Seng were trading higher 1.13% and
0.34%, respectively (8 a.m. IST).
• As per the last close, European market mostly fell as market
participants remained cautious ahead of the U.S. Federal Reserve policy
meeting. Rise in euro and pound against the U.S. dollar continue t o put
additional pressure on the shares of European exporters.
• As per the last close, U.S market closed on a positive note after moving
in a range after the U.S. Federal Reserve kept its interest rates unchanged
as widely expected. The central bank’s was seen slightly more hawkish,
reinforcing expectations that they will raise rates at its next m eeting in
Mar 2018.
• Indian equity markets ended in the red as investors preferred to remain
on the sidelines ahead of the Union Budget FY19 that is scheduled on Feb
1, 2018. Also, traders were cautious ahead of the fiscal deficit data for
Apr‐Dec 2017 and revised estimate of annual gross domestic product
data for FY17. Mixed cues from global markets ahead of the outcome of
the U.S. Federal Reserve's interest rate decision also weighed on market
sentiment.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.19% and
0.20% to close at 35,965.02 and 11,027.70, respectively. S&P BSE Mid‐
Cap and S&P B SE Small‐Cap fell 1.29% and 0.83%, respectively.
• The market breadth on BSE was weak with 1,749 scrips declining and
1,072 scrips advancing. A total of 151 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Healthcare was the top loser and
was down 1.62%, followed by S&P BSE Metal and S&P BSE FMCG (‐1.25%)
each, S&P BSE Capital Goods (‐1.12%) and S&P BSE Information
technology (‐1.1%). The top gainers comprised S&P BSE Energy, up 0.6%,
followed by S&P BSE Oil & Gas and S&P BSE Bankex, which rose 0.48%
and 0.40%, respectively.
FIIDerivativeTradeStatistics 31‐Jan
(RsCr) Buy Sell OpenInt.
IndexFutures 1513.56 2954.08 18547.56
IndexOptions 41753.60 40531.86 60701.33
StockFutures 10268.82 9582.30 78314.31
StockOptions 6199.24 6175.68 3376.91
Total 59735.22 59243.92 160940.11
31‐Jan Prev_Day Change
PutCallRatio(OI) 1.30 1.37 ‐0.08
IndianDebtMarket
PutCallRatio(Vol) 0.89 1.00 ‐0.11
31‐Jan Wk.Ago Mth.Ago YearAgo
CallRate 5.92% 5.90% 6.10% 6.02%
CBLO 5.85% 5.94% 6.05% 6.17%
Repo 6.00% 6.00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 5.75%
91DayT‐Bill 6.36% 6.40% 6.14% 6.15%
364DayT‐Bill 6. 58% 6.55% 6.26% 6.20%
10YearGilt 7.60% 7.44% 7.33% 6.41%
G‐SecVol.(Rs.Cr) 33473 33457 45921 41586
CurrencyMarketUpdate
1MonthCPRate 6.95% 6.93% 6.86% 6.73%
3MonthCPRate 7.76% 7.73% 7.06% 7.08%
5YearCorpBond 7.82% 7.79% 7.68% 7.10%
1MonthCDRate 6.27% 6.25% 6.34% 6.23%
3MonthCDRate 7.17% 7.23% 6.33% 6.43%
1YearCDRate 7.47% 7.45% 6.98% 6.54%
CommodityMarketUpdate
Currency 31‐Jan Prev_Day Change
USD/INR 63.69 63.75 ‐0.07
GBP/INR 90.35 89.39 0.97
EURO/INR 79.21 78.75 0.46
InternationalNews
JPY/INR 0.59 0.59 0.00
Commodity 31‐Jan WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 64.77 65.66 60. 41 52.70
BrentCrude($/bl) 67.65 70.10 67.07 55.29
Gold($/oz) 1345 1358 1302 1211
Gold(Rs./10gm) 30207 30239 29252 29008
Source:ICRONResearch
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
01February2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yields stood steady as investors deferred purchases before the
government’s Union Budget that is scheduled on Feb 1.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) stood at 7.43%,
unchanged from previous session’s close. During the session, bond yields
traded in the range of 7.40% and 7.44%.
• Yield on the old 10‐year benchmark paper (6.79% GS 2027) stood at
7.60%, same as previous session’s close. During the session, bond yields
traded in the range of 7.56% and 7.62%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 2,660 crore (gross) on Jan 31 compared w ith
Rs. 2,600 crore on Jan 30. Sale of securities under Reserve Bank of India’s
(RBI) reverse repo window stood at Rs. 25,783 crore on Jan 30.
• Data from the Conference Board showed that the U.S. consumer
confidence index rose more than expected to 125.4 in Jan 2018 from an
upwardly revised 123.1 in Dec 2017 ( 122.1 originally reported). The more
than expected increase by the headline index came as the expectations
index rose to 105.5 in Jan from 100.8 in D ec.
• According to data from Eurostat, eurozone inflation came in at 1.3% in
Jan 2018 but weaker than Dec 2017’s 1.4%. Inflation continued to stay
below the European Central Bank's target of 'below, but close to 2%'.
Excluding energy, food, alcohol and tobacco, core inflation rose
marginally to 1% from 0.9% in Dec.
MarketsforYou
• Nifty Fe b 2018 Futures were at 11,055.4 points, a premium of 27.70
points above the spot closing of 11,027.70. The t urnover on NSE’s Futures
and Options segment went up from Rs. 3,52,935.77 crore on Jan 30 to Rs.
4,73,999.37 crore on J an 31.
•ThePut‐Call ratio stood at 0.84 against previous session’s close of 0.83.
• The Nifty Put‐Call ratio stood at 1.30 against previous session’s close of
1.37.
• India VIX moved down 2.95% to 15.9300 from 16.4150 in the previous
trading session.
• Open interest on Nifty Futures stood at 25.51 million as against the
previous session’s close of 26.66 million.
• The Indian rupee was little changed as investors preferred to remain on
the sidelines ahead of the Union Budget FY19 scheduled on Feb 1, 2018.
The rupee slightly gained 0.03% to close at 63.58 per dollar from the
previous close of 63.60 per dollar.
• The euro strengthened against the greenback as the latter weakened
ahead of the U.S. Federal Reserve's monthly policy decision due later in
the day. E uro grew 0.44% and was trading at $1.2454, up from the
previous close of 1.2400.
• Gold prices inched up ahead of the U.S. Federal Reserve's (Fed) polic
y
meeting.
• Brent crude prices inched down after data from the American
Petroleum Institute indicated that U.S. oil inventories rose by nearly 3.2
million barrels in the week to Jan 26.
Thank you for
your time.