19Feb2018
MarketsforYou
GlobalIndices
GlobalIndices 16‐Feb Prev_Day Abs.Change
%Change
#
DowJones 25,219 25,200 19 0.08
Nasdaq 7,239 7,256 ‐17 ‐0.23
FTSE 7,295 7,235 60 0.83
Nikkei 21,720 21,465 255 1.19
HangSeng Closed 31,115 NA NA
IndianIndices 16‐Feb Prev_Day Abs.Change
%Change
#
S&PBSESensex 34,011 34,297 ‐287 ‐0.84
Nifty50 10,452 10,546 ‐93 ‐0.88
Nifty100 10,831 10,932 ‐101 ‐0.92
NiftyBank 25,164 25,424 ‐260 ‐1.02
SGXNifty 10,415 10,583 ‐169 ‐1.59
S&PBSEPower 2 ,229 2,246 ‐17 ‐0.74
S&PBSESmallCap 18,036 18,258 ‐222 ‐1.22
S&PBSEHC 14,267 14,350 ‐82 ‐0.57
Date P/E Div.Yield P/E Div.Yield
16‐Feb 24.19 1.15 25.32 1.08
MonthAgo 25.55 1.11 26.96 1.06
YearAgo 21.46 1.45 23.08 1.26
Nifty50Top3Gainers
Company 16‐Feb Prev_Day
%Change
#
AmbujaCem 257 253 1.44
Infosys 1128 1114 1.22
Cipla 611 606 0.87
Nifty50Top3Losers DomesticNews
Company 16‐Feb Prev_Day
%Change
#
EicherMotors 27328 28340 ‐3.57
TechMahindra 584 606 ‐3.52
IndiabullsHFC 1272 1312 ‐3.04
AdvanceDeclineRatio
BSE NSE
Advances 667 353
Declines 2145 1431
Unchanged 106 47
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 6937
MFFlows** 14375
*16
th
Feb2018;**14
th
Feb2018
EconomicIndicator
YoY(%) Current YearAgo
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)
19February2018
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
‐135
3.14%
(Sep‐17)
• Indian equity markets closed in the red due to decline in the banking
sector amid reports that more banks have disclosed their exposure to the
fraud case of a state‐owned bank. One major public sector bank stated
that it has an ex posure of $212 million in respect to the letter of
undertaking issued by the state‐owned bank.
• Reports that global index provider MSCI has slammed Indian exchanges’
decision to terminate licensing and data‐feed agreements with their
global counterparts weighed on market sentiment. Also, absence of
major domestic and global cues muted buying interest.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.84% and
0.88% to close at 34,010.76 and 10,452.30, respectively. S&P BSE Mid‐
Cap and S&P BSE Small‐Cap fell 1.20% and 1.22%, respectively.
• On the BSE sectoral front, S&P BSE Auto was the top loser and was
down 1.65%, followed by S&P BSE Metal (‐1.58%), S&P BSE Telecom (‐
1.51%), S&P BSE Realty (‐1.44%) and S&P BSE Capital Goods (‐1.33%). S&P
BSE Information Technology was the only gainer and went u p 0.07%.
• India’s export during the month of Jan 2018 increased 9.07% YoY to
$24.38 billion from $22.36 billion in Jan 2017. Similarly, import grew
26.10% YoY to $40.68 billion from $32.26 billion in the same period of the
previous year. Trade deficit widened to $16.3 billion during the period,
which is the hig hest since May 2013, as against $9.90 billion in Jan 2017.
Trade deficit widened as imports grew for petroleum, chemicals, silver,
pearls and machine tools.
• According to the International Monetary Fund (IMF), the fiscal deficit
target of 3.3% of GDP in FY19 set by the government in the Union Budget
2018‐19 signifies that the country is returning to the path of gradual fiscal
consolidation. The organisation welcomed the fiscal deficit target of the
country keeping in mind the need to provide support to the emerging
economy. The IMF is looking at potential slippages on the revenue side or
higher outlays due to new policy initiatives as they could reduce capital
expenditures that could support medium‐term growth.
• The World Bank has recognized two global risks that may harm the
progress of the Indian economy towards a ‘global middle‐class status’.
These two risks are anti‐international trade sentiment and climate
change. Anti‐international trade sentiment is posing threat to India’s
services exports and the climate change is posing threat to the
agricultural sector.
• Life Insurance Corporation of India’s (LIC) net profit rose 87.7% YoY to
Rs. 2.64 crore in Dec 2017 quarter. The loss seems to be mainly on
account of a large drop in the profits made from the sale or redemption
of investments (shareholder's account).
• According to media reports, Walmart Inc. is in discussions to purchase
more than 40% stake in Indian e‐commerce firm Flipkart. Due diligence is
likely to begin as early as next week.
• Paints and coatings firm Akzo Nobel India has signed a definitive
agreement to divest its specialty chemicals business as a going concern to
an affiliate of the Akzo Nobel Group (Akzo Nobel C he micals India Pvt Ltd)
for Rs. 320 crore. The transaction is expected to be completed by Mar 31,
2018.
• Asian markets mostly traded up after taking positive cues from
overnight U.S. markets and improved crude oil prices. Japanese market
gained on expectations that easing monetary policy will be co ntin ued
after the head of Bank of Japan has been nominated for the second five‐
year term. However, trading activity remained thin across the region as
some of the markets were closed for public holidays. Today (As of Feb
19), Asian markets opened higher following marginal rise on the Wall
Street overnight especially S&P 500 index. Nikkei and Hang Seng grew
1.12% and 1.97%, respectively (as at 8 a.m. IST).
• As per the last close, European market ended higher amid investors’
positive reaction to some of the encouraging corporate earnings reports.
• As per the last close, U.S markets ended on a mixed note. Reports that a
federal grand jury has indicted several Russian nationals for allegedly
interfering in 2016 presidential election weighed on market sentiment.
However, losses were capped amid some key positive economic data.
MarketsforYou
FIIDerivativeTradeStatistics 16‐Feb
(RsCr) Buy Sell OpenInt.
IndexFutures 2627.40 2090.54 21618.50
IndexOptions 132260.01 129005.00 85161.04
StockFutures 11905.31 11357.44 78892.99
StockOptions 9551.13 9417.99 8729.70
Total 156343.85 151870.97 194402.23
16‐Feb Prev_Day Change
PutCallRatio(OI) 1.07 1.13 ‐0.06
IndianDebtMarket
PutCallRatio(Vol) 0.84 0.96 ‐0.11
16‐Feb Wk.Ago Mth.Ago YearAgo
CallRate 5.96% 5.89% 5.88% 6.05%
CBLO 4.96% 5.90% 5.93% 6.05%
Repo 6.00% 6.00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 5.75%
91DayT‐Bill 6.32% 6.33% 6.27% 6.15%
364DayT‐Bill 6.56% 6.54% 6.53% 6.26%
10YearGilt 7.58% 7.49% 7.38% 6.84%
G‐SecVol.(Rs.Cr) 23303 46487 27684 19504
CurrencyMarketUpdate
1MonthCPRate 6.87% 6.85% 6.89% 6.75%
3MonthCPRate 7.89% 7.79% 7.48% 7.10%
5YearCorpBond 7.88% 7.84% 7.80% 7.34%
1MonthCDRate 6.23% 6.25% 6.23% 6.17%
3MonthCDRate 7.22% 7.24% 6.96% 6.41%
1YearCDRate 7.48% 7.50% 7.23% 6.62%
CommodityMarketUpdate
Currency 16‐Feb Prev_Day Change
USD/INR 63.91 63.92 ‐0.01
GBP/INR 90.31 89.55 0.76
EURO/INR 80.17 79.68 0.49
InternationalNews
JPY/INR 0.60 0.60 0.00
Commodity 16‐Feb WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 61.87 59.18 63. 77 53.36
BrentCrude($/bl) 63.54 62.98 69.64 53.80
Gold($/oz) 1348 1317 1339 1239
Gold(Rs./10gm) 30693 30007 30056 29341
Source:ICRONResearch
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19February2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty Feb 2018 Futures were at 10453.35 points, a premium of 1.05
points above the spot closing of 10,452.30. The turnover on NSE’s
Futures and Options segment went down from Rs. 14,98,474.07 crore on
Feb 1 5 to Rs. 6,87,265.97 crore on Feb 16.
•ThePut‐Call ratio remained unchanged at 0.82 against previous
session’s close.
• The Nifty Put‐Call ratio stood at 1.07 against previous session’s close of
1.13.
• Open interest on Nifty Futures stood at 27.52 million as against the
previous session’s close of 27.18 million.
• Bond yields rose marginally as investors deferred purchases of
domestic bonds ahead of an extended weekend.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) rose 1 bps to
close at 7.58% as against previous session’s close of 7.57%. During the
session, bond yields traded in the range of 7.56% and 7.60%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,055 crore (gross) on Feb 16 compared with
Rs. 5,719 crore on Feb 15. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 20,527 crore on Feb 15.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on Feb 15 as against borrowing of Rs. 2,967 crore on Feb 14.
• RBI conducted a 13‐day variable rate repo auction for a notified
amount of Rs. 22,000 crore for which Rs. 9,175 crore was allotted at a
cut‐off rate of 6.01%.
• The Indian rupee weakened amid losses in the domestic equity market
and greenback demand from oil importers. The rupee fell 0.47% to close
at 64.21 per dollar from the previous close of 63.91 per dollar.
• The euro weakened against the greenback as the latter gained amid
release of strong U.S. housing sec tor data for J an 2018 that offset
concerns over rising U.S. deficit. Euro fell 0.58% and was trading at
$1.2432, down from the previous close of 1.2505.
• Gold prices remained steady on renewed concerns over the rise in
fiscal deficit in the U.S.
• Brent crude prices gained following a statement from the Energy
Minister of United Arab Emirates to cut output by the end of this year.
• A report from the National Association of Home Builders showed that
U.S. homebuilder confidence in the U.S. remained healthy in Feb 2018.
As per the report, NAHB/Wells Fargo Housing Market Index came in at
72 in Feb and remained unchanged from Jan 2018. M eanwhile, the i ndex
measuring buyer traffic remained steady at 5 4 and the component
gauging current sales conditions sligh tly fell to 78 in Feb as against 79 in
Jan.
• A report from the Federal Reserve showed that U.S. industrial
production surprisingly fell 0.1% as against downwardly revised gain of
0.4% (0.9% gain originally reported) in Dec 2017. The decline reflects
steep decline in mining output that fell 1.0% in Jan as against a decline of
0.4% in Dec.
MarketsforYou
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