21Feb2018
MarketsforYou
GlobalIndices
GlobalIndices 20‐Feb Prev_Day Abs.Change
%Change
#
DowJones 24,965 Closed NA NA
Nasdaq 7,234 Closed NA NA
FTSE 7,247 7,248 ‐1 ‐0.01
Nikkei 21,925 22,149 ‐224 ‐1.01
HangSeng 30,874 Closed NA NA
IndianIndices 20‐Feb Prev_Day Abs.Change
%Change
#
S&PBSESensex 33,704 33,775 ‐71 ‐0.21
Nifty50 10,360 10,378 ‐18 ‐0.17
Nifty100 10,740 10,748 ‐8 ‐0.08
NiftyBank 24,874 25,059 ‐184 ‐0.73
SGXNifty 10,355 10,387 ‐32 ‐0.30
S&PBSEPower 2,214 2,207 7 0.31
S&PBSESmallCap 17,831 17,857 ‐26 ‐0.15
S&PBSEHC 14,075 14,111 ‐36 ‐0.26
Date P/E Div.Yield P/E Div.Yield
20‐Feb 23.34 1.18 25.09 1.09
MonthAgo 26.06 1.08 27.44 1.04
YearAgo 21.83 1.43 23.19 1.24
Nifty50Top3Gainers
Company 20‐Feb Prev_Day
%Change
#
VedantaLimited 329 320 2.61
AmbujaCem 264 258 2.39
CoalIndia 310 305 1.64
Nifty50Top3Losers DomesticNews
Company 20‐Feb Prev_Day
%Change
#
M&M 709 725 ‐2.16
AxisBank 532 541 ‐1.64
AurobindoPharma 575 583 ‐1.40
AdvanceDeclineRatio
BSE NSE
Advances 1243 792
Declines 1513 965
Unchanged 144 75
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 8094
MFFlows** 14375
*20
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)
21February2018
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
1157
3.14%
(Sep‐17)
• Indian equity markets closed in the red amid losses in bank stocks as
worries intensified about fallout from a $1.77 billion fraud at a public‐
sector bank. Also, weakness in Asian markets as investors awaited for the
minutes of the latest U.S. Federal Reserve m eeting for clues on the U.S.
rate outlook weighed on the market sentiment.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.21% and
0.17% to close at 33,703.59 and 10,360.40, respectively. S&P BSE Mid‐
Cap and S&P BSE Small‐Cap fell 0.06% and 0.15%, respectively.
• The overall market breadth on BSE was weak with 1,513 scrips declining
and 1,243 scrips advancing. A total of 144 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Realty was the top loser and was
down 0.64%, followed by S&P BSE Bankex (‐0.61%), S&P BSE Finance (‐
0.43%), S&P BSE Capital Goods (‐0.30%) and S&P BSE Auto (‐0.27%).
Among the gainers, S&P BSE Consumer Durables was the top gainer, up
1.66%, followed by S&P BSE Metal and S&P BSE Telecom, which rose
1.19% and 0.77%, respectively. S&P BSE B asic Materials and S&P BSE Teck
rose 0.63% and 0.45%, respectively.
• The Union C abinet approved six projects for a cost of R s . 11,661 crore
for laying new railway lines as well as for electrification of tracks. The
projects would encompass 881 km of lines in Uttar Pradesh, Madhya
Pradesh, Bihar and Odisha. The project is expected to generate 200 lakh
person days of employment in the four states. The project is most likely
to be completed by 2022‐2023.
• According to the chief of Export Promotion Council for Handicrafts
(EPCH), exports of handicrafts are l ikely t o get i mpacted due to s ubdued
demand in global markets and problems associated with refund of goods
and services tax (GST). The EPCH chief in this regard urged the
government to immediately start the refund of taxes as exporters of
handicrafts are facing liquidity crunch. The EPCH chief expressed
concerns that the government has not fixed any timeline for the refund.
• The Union Cabinet gave its approval to introduce the Chit Funds
(Amendment) Bill, 2018 in Parliament. The objective of the move is to
help bring about orderly growth of the chit funds sector by eliminating
bottlenecks faced by the industry and provide more financial products to
investors.
• The Union Cabinet approved the methodology for auctioning coal mines
to private companies. The objective of the move is to open coal mining
for private players, both Indian and foreign. The move is expected to
boost competition that would help improve efficiency for all the players.
The quality of the coal is also expected to improve which would help
subsequently bring down imports.
• According to the media reports, HDFC has begun discussions for a
possible acquisition of Apollo Munich Health Insurance. This comes after
HDFC, India’s largest mortgage company raised capital to pursue an
inorganic growth strategy.
• Ambuja Cements posted standalone profit of Rs. 338 crore, up 89% YoY
for the quarter ended Dec 2017 from Rs. 179 crore in the year‐ago
period. The significant increase reflects robust cement demand as impact
of cash ban and goods and service tax faded.
• Asian markets closed in the red amid thin trading volume in China and
Taiwan, which remained closed for the Lunar New Year holidays. In
absence of any major cues from Wall Street, investors remained cautious
ahead of the minutes of the Federal Reserve’s latest policy meeting and a
slew of speeches by Fed officials, scheduled during this week to assess
the outlook for rate tightening. Today (As of Feb 21), Asian markets
opened relatively subdued taking a lead from the Wall Street overnight.
Both Nikkei and Hang Seng were trading higher 0.35% and 0.52%,
respectively (as at 8 a.m. IST).
• As per the l ast close, European market mostly c losed higher o n better
than expected corporate results for the Dec quarter of 2017.
• As per the last c lose, U.S market fell on concer ns of rise in interest rates
and after a U.S. retail giant saw sharp decline i n share pr ices. Retail giant
posted its worst fall since Jan 1988.
MarketsforYou
FIIDerivativeTradeStatistics 20‐Feb
(RsCr) Buy Sell OpenInt.
IndexFutures 3742.16 4895.17 21841.62
IndexOptions 104603.86 106764.23 85333.38
StockFutures 20424.22 20015.99 76764.75
StockOptions 10088.90 10081.38 8297.96
Total 138859.14 141756.77 192237.71
20‐Feb Prev_Day Change
PutCallRatio(OI) 1.10 1.07 0.04
IndianDebtMarket
PutCallRatio(Vol) 0.92 0.78 0.14
20‐Feb Wk.Ago Mth.Ago YearAgo
CallRate 5.96% 6.00% 5.93% 5. 98%
CBLO 5.98% 5.93% 4.61% 5. 87%
Repo 6.00% 6.00% 6.00% 6. 25%
ReverseRepo 5.75% 5.75% 5.75% 5. 75%
91DayT‐Bill 6. 31% 6.35% 6.36% 6.20%
364DayT‐Bill 6.55% 6.54% 6. 48% 6.24%
10YearGilt 7.67% 7.50% 7.29% 6.90%
G‐SecVol.(Rs.Cr) 17498 33836 35926 25672
CurrencyMarketUpdate
1MonthCPRate 6.91% 6.89% 6.89% 6. 74%
3MonthCPRate 7.88% 7.78% 7.58% 7. 08%
5YearCorpBond 7.89% 7.85% 7.79% 7.38%
1MonthCDRate 6.24% 6.26% 6.23% 6. 18%
3MonthCDRate 7.23% 7.23% 7.03% 6. 39%
1YearCDRate 7.48% 7.50% 7.36% 6. 61%
CommodityMarketUpdate
Currency 20‐Feb Prev_Day Change
USD/INR 64.53 Closed Closed
GBP/INR 90.13 Closed Closed
EURO/INR 79.86 Closed Closed
InternationalNews
JPY/INR 0.60 Closed Closed
Commodity 20‐Feb WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 61.89 59.39 63. 33 53.36
BrentCrude($/bl) 63.92 62.14 68.71 54.79
Gold($/oz) 1329 1323 1331 1238
Gold(Rs./10gm) 30567 30063 29958 29289
Source:ICRONResearch
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
21February2018
The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have been obtained f rom independent
third party sources and which are de emed to be reliable. The information provided cannot be considered as g uidelines, recommendations or as a professional guide for the readers. It may be noted
that since Reliance Nippon Life Asset Management Company Limited (RNLAM) (formerly Reliance Capital Asset Management Limited) has not independently verified the accuracy or authenticity of
such information or data, or for that matter the reasonableness of the a ssumptions upon w hich such data and information has been processed o r arrive data; RNLAM does not in any manner assures
the accuracy or authenticity of s u ch data and information. Some of the statements & assertions contained in these materials may reflect RNLAM’s views or opinions, which in turn may have been
formed on the basis of such data or information. The Sponsor(s), the Investment Manager, t he Trustee or any of their respective directors, employees, affiliates or representatives do not assume any
responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon the information provided herein, due
care has been taken to ensure that the facts are ac curate and opinions given are fair and reasonab le, to the extent possible. This information is not intended to be an offer or solicitation for the
purchase or sale of any financial product or instrument. Recipients of this information should rely on information/data arising out of their own investigations. Before making any investments, the
readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor(s), the Investment Manager, the Trustee,
their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on
accountoflostprofitsarisingfromtheinformationcontainedinthismaterial.
ReadersarerequestedtoclickhereforICRONdisclaimer‐http://www.icraonline.com/legal/standard‐disclaimer.html
DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty Feb 2018 Futures w ere at 10343.75, a discount of 16.65 points
below the spot closi ng of 10,360.40. The turnover on NSE’s Futures and
Options segment went down from Rs. 8,68,372.26 crore on Feb 19 to Rs.
8,65,704.53 crore on Feb 20.
•ThePut‐Call ratio stood at 0.85 against previous session’s close of 0.75.
• The Nifty Put‐Call ratio stood at 1.10 against previous session’s close of
1.07.
• Open interest on Nifty Futures stood at 27.92 million as against the
previous session’s close of 27.52 million.
• Bond yields rose as banks continued to sell domestic papers amid
higher U.S. Treasury yields. Fresh supply of papers through an auction of
state government d ebt also weighed on investor’s sentiment.
• Yield on the 1 0‐ye ar benchmark paper (7.17% GS 2028) rose 9 bps to
close at 7.67% as against previous session’s close of 7.58%. During the
session, bond yields traded in the range of 7.60% and 7.70%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs . 5,825 crore (gross) on Feb 20 compared with
Rs. 4,055 cr ore o n Feb 16. Sale o f securities under Reserve Ba nk of
India’s (RBI) reverse repo window stood at Rs. 27,066 crore on Feb 16.
• Banks borrowed Rs. 453 crore under the central bank’s Marginal
Standing Fa cility on Feb 16 as a gainst no borrowing on Fe b 15.
• The Indian rupee weakened amid reports that India may consider
tightening approvals for firms borrowing funds offshore. The rupee fell
0.90% to close at 64. 79 per dollar from the previous close of 64.21 pe r
dollar.
• The euro weakened against the greenback amid decline in eurozone’s
economic sentiment index for Feb 2018. Eu ro fell 0.52% and was trading
at $1.2342, down from the previous close of $1.2407.
• Gold prices traded lower ahead of the minutes of the Fed's latest policy
meeting.
• Brent Crude prices traded l ower, amid c oncerns t hat rising U.S. oil
output could dampen OPEC’s efforts to drain the market of excess
supplies.
• Survey results from the Mannheim‐based think tank ZEW showed that
Germany's economic confidence declined less‐than‐expected in Jan
2018. The ZEW Indicator of E conomic Sentiment dropped to 17.8 points
in Feb 2018 from 20.4 in Jan 2018. The score was above the expected
level of 16.0. The current conditions index fell to 92.3 from 95.2 in the
previous month. The economic sentiment index for the euro area
dropped 2.5 p oints to 29.3 in Feb 2018.
• The Industrial Trends Survey from the Confederation of British Industry
showed that British manufacturers expect output growth to ease over
the next three months. The total order book balance came in at 10% in
Feb 2018. The export order book balance also stood at 10%. In addition,
a balance of 25% expect average selling prices to increase in the coming
three months.
MarketsforYou
Thank you for
your time.