15 Feb 2018
Markets for You
Global Indices
Global Indices 14-Feb Prev_Day Abs. Change
% Change
#
Dow Jones 24,893 24,640 253 1.03
Nasdaq 7,144 7,014 130 1.86
FTSE 7,214 7,168 46 0.64
Nikkei 21,154 21,245 -91 -0.43
Hang Seng 30,516 29,840 676 2.27
Indian Indices 14-Feb Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,156 34,300 -145 -0.42
Nifty 50 10,501 10,540 -39 -0.37
Nifty 100 10,908 10,945 -37 -0.34
Nifty Bank 25,341 25,702 -360 -1.40
SGX Nifty 10,488 10,518 -30 -0.29
S&P BSE Power 2,258 2,274 -15 -0.68
S&P BSE Small Cap 18,493 18,463 29 0.16
S&P BSE HC 14,417 14,517 -100 -0.69
Date P/E Div. Yield P/E Div. Yield
14-Feb 24.27 1.15 25.37 1.08
Month Ago 25.66 1.11 27.28 1.06
Year Ago 21.49 1.45 23.05 1.26
Nifty 50 Top 3 Gainers
Company 14-Feb Prev_Day
% Change
#
Tech Mahindra 612 590 3.58
Indiabulls HFC 1348 1315 2.54
Bharti Airrtel 435 424 2.45
Nifty 50 Top 3 Losers Domestic News
Company 14-Feb Prev_Day
% Change
#
Yes Bank 320 335 -4.49
SBI 276 289 -4.35
Axis Bank 544 564 -3.60
Advance Decline Ratio
BSE NSE
Advances 1368 848
Declines 1470 959
Unchanged 126 49
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 7671
MF Flows** 13634
*14
th
Feb 2018; **12
th
Feb 2018
Economic Indicator
YoY(%) Current Year Ago
WPI
3.58%
(Dec-17)
2.10%
(Dec-16)
IIP
7.10%
(Dec-17)
1.90%
(Dec-16)
GDP
6.30%
(Sep-17)
7.50%
(Sep-16)
15 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
Nifty
4.10%
(Sep-17)
5.70%
(Jun-17)
Quarter Ago
Inflow/Outflow
826
-879
3.14%
(Sep-17)
• Indian equity markets dipped, dragged by banking stocks, which
witnessed selling pressure after a major state-owned bank detected
some fraudulent and unauthorised transactions worth about Rs 1.13
trillion ($1,771.69 million) at one of its branches in Mumbai. Weak cues
from Wall Street amid inflationary pressure too dented investor
sentiments.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.42% and
0.32% to close at 34,155.95 and 10,500.90, respectively. S&P BSE Mid-
Cap and S&P BSE Small-Cap rose 0.17% and 0.16%, respectively.
• On the BSE sectoral front, majority of the indices closed in the red. S&P
BSE Bankex was the major loser, down 1.62%, followed by S&P BSE
Healthcare and S&P BSE Power, which slipped 0.69% and 0.68%,
respectively. S&P BSE Finance and S&P BSE Utilities fell 0.62% and 0.54%,
respectively. S&P BSE Energy was the top gainer, up 0.78%, followed by
S&P BSE Telecom and S&P BSE Industrials, which rose 0.68% and 0.45%,
respectively.
• The government announced that goods and service tax (GST) will not
be charged on the cost of food served to patients by hospitals as advised
by doctors. However, patients not admitted will have to pay tax on the
total value of food served by the hospital. The revenue department also
clarified that no GST would be levied on services provided by senior
doctors/ consultants/ technicians hired by the hospitals as these are
covered under healthcare services.
• The Securities and Exchange Board of India (SEBI) is set to crack down
on companies whose financial statements have either been falsified or
incorrect business records have been approved by auditors. It is
mandatory under law to report to the government and report any fraud
they come across while auditing the books of accounts of companies.
• Bharat Heavy Electricals Limited has received an order from NTPC Ltd.
The order worth Rs. 560 crore is for the supply and installation of the
flue gas desulphurisation system for 2x490 MW National Capital Power
Station at Dadri in Uttar Pradesh.
• Indian Overseas Bank announced that its net loss widened to Rs.
971.17 crore during the third quarter of FY18 as against a loss of Rs.
554.44 crore on a YoY basis. The decline reflects bad loans ratio that
remained more than 20%.
• According to the media reports, Punjab National Bank announced that
it had detected "fraudulent and unauthorised" transactions worth about
$1.77 billion at one of its branches in Mumbai. The bank did not name
the people involved. However, it stated that it had reported the deals to
law enforcement agencies.
• Sun Pharmaceuticals posted consolidated net profit of Rs. 365.39 crore
for the quarter ended Dec 2017, down 75.17% YoY from Rs 1,471.82
crore. Total comprehensive losses for the company came in at Rs. 503.23
crore as against Rs. 1,523.69 crore in the year-ago quarter.
• Asian markets traded in mixed ahead of the Lunar New Year holidays in
China and upcoming U.S inflation data which will provide further cues on
Federal Reserve’s future rate hike stance. Japanese market moved down
on stronger yen and after data showed that the country's GDP grew at a
slower than expected 0.5% annual pace in the fourth quarter. Today (As
of Feb 15), Asian markets opened higher amid strong lead from Wall
Street’s last session. Nikkei and Hang seng grew 1.63% and 1.05%,
respectively (as at 8.a.m. IST).
• As per the last close, European market ended higher amid strong GDP
data for Germany and the Eurozone in 2017 and strong corporate results
by some of the majors. However, stronger than expected U.S. inflation
data for Jan 2018 capped the gains.
• As per the last close, U.S markets ended almost higher as gains in
banking and technology stocks boosted the indices. However, gains were
capped amid stronger than expected inflation data and weak retail sales
data for Jan 2018.
Markets for You
FII Derivative Trade Statistics 14-Feb
(Rs Cr) Buy
Sell Open Int.
Index Futures 1338.27 2819.39 21674.60
Index Options 47883.09 48642.60 83876.59
Stock Futures 9271.56 9233.94 79056.11
Stock Options 8346.42 8342.92 8435.34
Total 66839.34 69038.85 193042.64
14-Feb Prev_Day
Change
Put Call Ratio (OI) 1.09 1.11 -0.02
Indian Debt Market
Put Call Ratio(Vol) 0.93 0.85 0.08
14-Feb Wk. Ago Mth. Ago
Year Ago
Call Rate 5.98% 5.88% 5.91% 6.02%
CBLO 6.04% 5.90% 5.87% 6.13%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.36% 6.40% 6.29% 6.22%
364 Day T-Bill 6.58% 6.58% 6.30% 6.15%
10 Year Gilt 7.49% 7.53% 7.28% 6.87%
G-Sec Vol. (Rs.Cr) 38319 38287 27029 35171
Currency Market Update
1 Month CP Rate 6.88% 6.88% 6.87% 6.75%
3 Month CP Rate 7.90% 7.79% 7.38% 7.08%
5 Year Corp Bond 7.83% 7.86% 7.74% 7.37%
1 Month CD Rate 6.22% 6.25% 6.25% 6.23%
3 Month CD Rate 7.22% 7.24% 6.86% 6.45%
1 Year CD Rate 7.48% 7.52% 7.13% 6.63%
Commodity Market Update
Currency 14-Feb Prev_Day
Change
USD/INR 64.13 64.28 -0.16
GBP/INR 89.17 89.02 0.15
EURO/INR 79.39 78.93 0.45
International News
JPY/INR 0.60 0.59 0.01
Commodity 14-Feb Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 60.68 61.89 64.17 53.16
Brent Crude($/bl) 61.88 65.48 70.46 54.75
Gold( $/oz) 1351 1318 1338 1228
Gold(Rs./10 gm) 30200 30182 29838 29112
Source: ICRON Research
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
15 February 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Feb 2018 Futures were at 10495.20 points, a discount of 5.70
points below the spot closing of 10,500.90. The turnover on NSE’s
Futures and Options segment went up from Rs. 4,41,659.86 crore on
Feb 12 to Rs. 78,69,372 crore on Feb 14.
• The Put-Call ratio stood at 0.78 against previous session’s close of
0.74.
• The Nifty Put-Call ratio stood at 1.09 against previous session’s close of
0.99.
• Open interest on Nifty Futures stood at 27.41 million as against the
previous session’s close of 27.49 million.
• Bond yields remained almost unchanged as investors deferred
purchases amid a lack of fresh triggers.
• Yield on the 10-year benchmark paper (7.17% GS 2028) fell 1 bps to
close at 7.49% as against previous session’s close of 7.50%. During the
session, bond yields traded in the range of 7.44% and 7.51%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 21,929 crore (gross) on Feb 14 compared with
Rs. 3,630 crore on Feb 12. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 6,697 crore on Feb 12.
• Banks borrowed Rs. 2,046 crore under the central bank’s Marginal
Standing Facility on Feb 12 as against borrowing of Rs. 20 crore on Feb 9.
• The Indian rupee rose against the greenback as the latter remained
under pressure ahead of the release of the U.S. inflation data due Feb
14. The rupee rose 0.34% to close at 64.09 per dollar from the previous
close of 64.31.
• Euro fell sharply against the greenback after data showed that U.S.
consumer prices rose more than expected in Jan 2018. Euro was trading
at $1.2290, down 0.49% compared with the previous close of $1.2350.
• Gold prices remained steady ahead of the U.S. inflation data which
may provide further cues on Federal Reserve’s policy stance.
• Brent crude prices gained after the Energy Minister from Saudi Arabia
stated that crude output in Mar 2018 will be 100,000 barrels per day
(bpd) below its Feb 2018 level.
• According to Eurostat, gross domestic product (GDP) rose as
previously estimated by 0.6% in the Dec quarter of 2017, in line with
expectations and slower than 0.7% increase in the Sep quarter of 2017.
On a yearly basis, GDP growth slowed to 2.7% from 2.8% in the
preceding period.
• Data from Destatis showed Germany’s GDP grew 0.6% QoQ in the Dec
quarter of 2017, in line with expectations and slower than the revised
0.7% increase in the Sep quarter of 2017. The growth came on the back
of improved foreign demand.
• According to a report from Destatis, Germany’s consumer price
inflation came in line with preliminary expectations and stood at 1.6%
YoY in Jan 2018, down from 1.7% in Dec 2017. Consumer prices fell 0.7%
in Jan MoM as against 0.6% increase in Dec.
Markets for You
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