16Feb2018
MarketsforYou
GlobalIndices
GlobalIndices 15‐Feb Prev_Day Abs.Change
%Change
#
DowJones 25,200 24,893 307 1.23
Nasdaq 7,256 7,144 113 1.58
FTSE 7,235 7,214 21 0.29
Nikkei 21,465 21,154 311 1.47
HangSeng 31,115 30,516 600 1.97
IndianIndices 15‐Feb Prev_Day Abs.Change
%Change
#
S&PBSESensex 34,297 34,156 142 0.41
Nifty50 10,546 10,501 45 0.42
Nifty100 10,932 10,908 24 0.22
NiftyBank 25,424 25,341 83 0.33
SGXNifty 10,583 10,488 96 0.91
S&PBSEPower 2 ,246 2,258 ‐13 ‐0.56
S&PBSESmallCap 18,258 18,493 ‐235 ‐1.27
S&PBSEHC 14,350 14,417 ‐67 ‐0.47
Date P/E Div.Yield P/E Div.Yield
15‐Feb 24.45 1.14 25.45 1.07
MonthAgo 25.84 1.10 27.06 1.06
YearAgo 21.35 1.46 22.84 1.27
Nifty50Top3Gainers
Company 15‐Feb Prev_Day
%Change
#
Hindalco 252 243 3.39
BPCL 475 460 3.25
ICICIBank 329 319 3.04
Nifty50Top3Losers DomesticNews
Company 15‐Feb Prev_Day
%Change
#
IndiabullsHFC 1312 1348 ‐2.66
HeroMoto 3527 3596 ‐1.91
Cipla 606 616 ‐1.67
AdvanceDeclineRatio
BSE NSE
Advances 908 483
Declines 1923 1313
Unchanged 130 44
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 7072
MFFlows** 14375
*15
th
Feb2018;**14
th
Feb2018
EconomicIndicator
YoY(%) Current YearAgo
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)
16February2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
4.10%
(Sep‐17)
5.70%
(Jun‐17)
QuarterAgo
Inflow/Outflow
‐139
‐599
3.68%
(Oct‐17)
• Indian equity markets managed to close in the green following positive
cues from the Asian markets. Overnight gains in the Wall Street, with
investors shrugging off speculation over faster than expected interest
rate hike by U.S. Federal Reserve, contributed to the buying interest in
the Asian counterparts, including Indian markets.
• Key benchmark indices S&P BSE Sensex and Nifty 50 rose 0.41% and
0.42% to close at 34,297.47 and 10,545.50, respectively. Broader indices
remained weak with S&P BSE Mid‐Cap and S&P BSE Small‐Cap falling
0.46% and 1.27%, r espectively.
• The overall market breadth on BSE was weak with 1,923 scrips declining
and 908 scrips advancing. A total of 130 scrips remained unchanged.
• On the BSE sectoral front, barring S&P BSE Consumer Durables, all the
indicesclosedinthegreen.S&PBSEMetalwasthetopgainer,up1.78%,
followed by S&P BSE IT and S&P BSE Teck, which rose 1.30% and 1.10%,
respectively. S&P BSE B ankex and S&P BSE Basic Materials went up 1.04%
and 0.99% respectively.
• Chairman of Goods and Services Tax Network (GSTN) announced that it
will try to ensure that stakeholders become completely familiar with the
technology system before the e‐way bill system is re‐introduced. Post
conducting pilot for over a fortnight, the e‐way bill system was launched
by GSTN on Feb 1, 2018. However, its implementation had to be
postponed as it faced technical glitches.
• India’s Wholesale P rice Index (WPI) bas ed inflation eased to a six‐month
low of 2.84 % in Jan owing to cheaper food articles even as vegetable
prices continued to rise. The wholesale price‐based inflation eased from
3.58% in Dec 2017 and 4.26% in Jan 2017. The inflation on food articles
slowed to 3.00 % in Jan 2018, from 4.72 % in Dec 2017.
• The Reserve Bank of India has stated that it is ready to inject more
liquidity in the economy during end of Mar 2018, if required, as the
liquidity situation moves from surplus to neutral going ahead. The central
bank would be taking such action to address any additional demand for
liquidity because of increase in currency in circulation and advance tax
payments by corporates and to provide flexibility to the banking system.
• Sun Pharmaceutical’s net profit dropped 75% YoY to Rs. 365 crore for
the Dec 2017 quarter due to fall in US sales. The US market contributes
nearly 40% of Sun Pharma’s revenues. Income from operations fell 16%
YoY during the same period to Rs. 6,653 crore.
• According to media reports, JSW Steel, a major steel producer, plans to
raise $1.5 billion, through overseas borrowings as it looks to buy stressed
assets in the industry. The company is in discussions with investment
bankers on whether to go for dollar‐denominated bonds or syndicated
loans, or a combination of both.
• Godrej Appliances won Energy Efficiency Services Limited (EESL)'s
contract to supply, install a n d commission 52,000 Super‐Efficient Green
Inverter AC for government and railway establishments. The contract is
worth R s. 207 crore.
• Most of the Asian markets ended in the green amid m ixed economic
data from U.S. raising uncertainty a b out the Federal Reserve’s policy
stance. Improved Japanese data further helped sentiments as Japan's
industrial production grew more than initially estimated in Dec 2017.
However, trading activity remained thin across the region as some of the
markets were closed for public holidays. Today (As of Feb 16), Asian
markets opened higher following rise on the Wall Street overnight. While
Nikkei was trading higher 1.26%, Hang Seng remained closed on account
of Lunar New Year holiday (8 a.m. IST).
• As per the last close, European market rose initially but pared gains at
the end. Automakers prices rose following the release of car registrations
data. Market participants shrugged off larger than expected rise in U.S.
inflation that may result in faster interest rate hikes by the U.S. Federal
Reserve.
• As per the last close, U.S market rose notably despite further
indications of rise in inflation that may result in faster interest rate hikes
by the U.S. Federal Reserve.
MarketsforYou
FIIDerivativeTradeStatistics 15‐Feb
(RsCr) Buy Sell OpenInt.
IndexFutures 2810.09 1770.68 21641.97
IndexOptions 74563.81 72830.69 86198.89
StockFutures 9258.02 9159.95 79525.98
StockOptions 8978.33 8920.75 8603.46
Total 95610.25 92682.07 195970.30
15‐Feb Prev_Day Change
PutCallRatio(OI) 1.13 1.09 0.04
IndianDebtMarket
PutCallRatio(Vol) 0.96 0.93 0.03
15‐Feb Wk.Ago Mth.Ago YearAgo
CallRate 5.95% 5.90% 5.91% 5.98%
CBLO 6.02% 5.91% 5.92% 6.09%
Repo 6.00% 6.00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 5.75%
91DayT‐Bill 6.32% 6.34% 6.32% 6.19%
364DayT‐Bill 6.56% 6.55% 5.75% 6.25%
10YearGilt 7.57% 7.47% 7.27% 6.86%
G‐SecVol.(Rs.Cr) 25720 50448 26753 29158
CurrencyMarketUpdate
1MonthCPRate 6.89% 6.89% 6.88% 6.76%
3MonthCPRate 7.90% 7.79% 7.39% 7.08%
5YearCorpBond 7.85% 7.87% 7.74% 7.35%
1MonthCDRate 6.22% 6.24% 6.23% 6.19%
3MonthCDRate 7.23% 7.24% 6.89% 6.41%
1YearCDRate 7.49% 7.52% 7.15% 6.61%
CommodityMarketUpdate
Currency 15‐Feb Prev_Day Change
USD/INR 63.92 64.13 ‐0.20
GBP/INR 89.55 89.17 0.38
EURO/INR 79.68 79.39 0.29
InternationalNews
JPY/INR 0.60 0.60 0.00
Commodity 15‐Feb WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 61.46 61.28 64.17 53.06
BrentCrude($/bl) 62.10 64.20 71.13 54.21
Gold($/oz) 1353 1319 1340 1233
Gold(Rs./10gm) 30542 29881 29838 29042
Source:ICRONResearch
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
16February2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty Feb 2018 Futures were at 10,551.20 points, a premium of 5.70
points above the spot closing of 10,545.50. The turnover on NSE’s
Futures and Options segment went up from Rs. 7,10,778.64 cr ore on Feb
14 to Rs. 14,98,474.07 crore on Feb 15.
•ThePut‐Call ratio stood at 0.82 against previous session’s close of 0.78.
• The Nifty Put‐Call ratio stood at 1.13 against previous session’s close of
1.09.
• Open interest on Nifty Futures st ood at 27.18 million as against the
previous session’s close of 27.41 m illion.
• Bond yields surged following rise in the U.S. treasury yields and
international crude oil prices.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) jumped 8 bps
to close at 7.57% as against previous session’s close of 7.49%. During the
session, bond yields traded in the range of 7.55% and 7.61%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs . 5,719 crore (gross) on Feb 15 compared with
Rs. 21,929 crore on Feb 14. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 5,009 crore on Feb 14.
• Banks borrowed Rs. 2,967 crore under the central bank’s Marginal
Standing Facility on Feb 14 as against borrowing of Rs. 2,046 crore on
Feb 12.
• The Indian rupee rose against the greenback following gains in the
domestic equity market. The rupee rose 0.28% to close at 63.91 per
dollar from the previous close of 64.09.
• Euro rose against the greenback as market participants remained
concerned over U.S. budget deficit and current account deficits amid a
government spending splurge and large corporate tax cuts. Euro was
trading at $1.2468, up 0.16% compared with the previous close of
$1.2448.
• Gold prices gained following weaker dollar raised uncertainty about
the U.S. Federal Reserve’s policy stance.
• Brent crude prices gained after Saudi Arabian energy minister stated
that the country will remain committed with its policy to withhold
production throughout 2018.
• A report from the Labor department showed that U.S. consumer price
index came in higher than market expectations in Jan 2018. U.S.
consumer price index grew 0.5% in Jan as against a revised gain of 0.2%
(0.1% gain originally reported) in Dec 2017. The bigger than expected
increase was partly due to an increase in energy prices that grew 3.0% in
Jan as against a decline of 0.2% in Dec. Core consumer prices (excluding
food and energy prices) grew 0.3% in Jan as against a gain of 0.2% in Dec.
• According to a report from the Commerce department, U.S. retail sales
missed market expectations and fell 0.3% in Jan 2018 as against revised
unchanged retail sales (0.4% gain originally reported) in Dec 2017. The
unexpected decline reflects steep drop in sales by motor vehicle and
parts dealers that fell 1.3% in Jan as against a decline of 0.1% in Dec.
MarketsforYou
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