23Feb2018
MarketsforYou
GlobalIndices
GlobalIndices 22‐Feb Prev_Day Abs.Change
%Change
#
DowJones 24,962 24,798 165 0.66
Nasdaq 7,210 7,218 ‐8 ‐0.11
FTSE 7,252 7,282 ‐29 ‐0.40
Nikkei 21,736 21,971 ‐234 ‐1.07
HangSeng 30,966 31,432 ‐466 ‐1.48
IndianIndices 22‐Feb Prev_Day Abs.Change
%Change
#
S&PBSESensex 33,820 33,845 ‐25 ‐0.07
Nifty50 10,383 10,397 ‐15 ‐0.14
Nifty100 10,737 10,766 ‐28 ‐0.26
NiftyBank 24,955 24,937 19 0.07
SGXNifty 10,369 10,426 ‐57 ‐0.55
S&PBSEPower 2 ,182 2,207 ‐25 ‐1.11
S&PBSESmallCap 17,724 17,800 ‐76 ‐0.43
S&PBSEHC 13,959 13,907 52 0.37
Date P/E Div.Yield P/E Div.Yield
22‐Feb 23.34 1.18 25.49 1.09
MonthAgo 26.03 1.07 27.62 1.03
YearAgo 21.91 1.42 23.32 1.24
Nifty50Top3Gainers
Company 22‐Feb Prev_Day
%Change
#
SunPharma 541 526 2.99
AurobindoPharma 587 571 2.78
AdaniPorts&SEZ 404 396 2.12
Nifty50Top3Losers DomesticNews
Company 22‐Feb Prev_Day
%Change
#
BPCL 427 448 ‐4.49
ONGC 186 190 ‐2.13
Dr.Reddy 2123 2166 ‐1.96
AdvanceDeclineRatio
BSE NSE
Advances 1010 577
Declines 1714 1184
Unchanged 160 77
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 6145
MFFlows** 17158
*22
nd
Feb2018;**20
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)
23February2018
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
1080
‐1221
3.68%
(Oct‐17)
• Indian equity markets closed on a lower note amid inflation concerns.
The minutes of the meeting of the Reserve Bank of India released on Feb
21 reflected concerns over rising inflation and also hinted at change in
policy stance if those risks materialize. Also, weakness in Asian market
after minutes from the U.S. Federal Reserve's Jan 2018 meeting showed
that the central bank plans to raise interest rates three times in 2018
weighedonmarketsentiment.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.07% and
0.14% to close at 33,819.50 and 10,382.70, respectively. S&P BSE Mid‐
Cap and S&P BSE Small‐Cap fell 0.54% and 0.43%, respectively.
•OntheBSEsectoralfront,S&PBSEOil&Gaswasthetoploserandwas
down 1.46%, followed by S&P BSE Power (‐1.11%), S&P BSE Energy (‐
0.98%), S&P BSE Telecom (‐0.95%) and S&P BSE Consumer Durables (‐
0.93%). Among the gainers comprised, S&P BSE Realty was the top gai ner,
up 0.70%, followed by S&P BSE Information technology and S&P BSE
Healthcare which rose 0.59% and 0.37%, respectively. S&P BSE Teck and
S&P BSE Bankex rose 0.23% and 0.13%, respectively.
• According to a major global credit rating agency, the new norms
introduced by the Reserve Bank of India (RBI) to deal with the issue of
bad loans may weigh on the earnings of the banking sector in the near
term. However, the rating agency added that RBI’s new norms combined
with planned recapitalization of state‐runbankswouldhelpinthe
recovery of the banking sector. RBI’s new framework focusses on quickly
identifying and resolving bad loans.
• The ministry of corporate affairs has tightened norms for removal of
independent directors. According to the new rules, independent directors
that are appointed for a second term at corporates can be removed only
by a special resolution passed by the shareholders. The ministry further
added that such independent directors should be given "reasonable
opportunity of being heard". The move comes amid concerns regarding
the independence of independent directors in carrying out their activities
and instances of removal of directors from the board of companies by the
promoter entities.
• According to the Goods and Services Tax (GST) Network, 55 lakh GST
returns were filed in Jan 2018. As per media reports, the number of
returns is expected to go up later in the month as more businesses
continue to file returns.
• Reliance Infrastructure announced that it has received contract worth
Rs. 36.4 billion from Tamil Nadu Generation and Distribution Corporation
Limited for work related to Uppur Thermal power project.
• Abbott India has registered 14.6% increase in sales to Rs 25.19 billion in
Apr‐Dec 2017.
• Qualcomm Technologies along with Microsoft have teamed up with
leading retailers across the world to offer new "always connected"
Windows 10 PCs powered by the Qualcomm Snapdragon Mobile PC
Platform.
• Asian stocks mostly traded in the red after minutes from the Federal
Reserve's (Fed) Jan policy meeting indicated that the central bank plans
to raise interest rates thrice in 2018. It has further hinted that the U.S.
economy was strengthening, which has raised foreign fund outflow
concerns. Negative cues from overnight U.S. markets further dented
sentiment. Today (As of Feb 22), Asian markets opened higher following
rise in crude oil prices in the last session and some positive lead from the
Wall Street overnight. Both Nikkei and Hang Seng were trading up 0.25%
and 0.88%, respectively (as at 8 a.m. IST).
• As per the last close, European market majorly closed in red after the
release of the minutes of the U.S. Federal Reserve’s Jan 2018 meeting led
to pullback on the Wall Street on Wednesday. Moreover, weaker than
expected German business confidence data, further hit the market.
• As per the last close, U.S market closed on a mixed note as risk appetite
remained sluggish following the minutes of the U.S. Federal Reserve’s Jan
2018 meeting on Wednesday that indicated the central bank still plans to
increase interest rates three t imes in 2018.
MarketsforYou
FIIDerivativeTradeStatistics 22‐Feb
(RsCr) Buy Sell OpenInt.
IndexFutures 5230.98 4604.13 23701.91
IndexOptions 104029.87 105443.78 86975.58
StockFutures 30900.13 29660.78 79471.38
StockOptions 6105.99 6055.26 7814.53
Total 146266.97 145763.95 197963.40
22‐Feb Prev_Day Change
PutCallRatio(OI) 1.12 1.18 ‐0.06
IndianDebtMarket
PutCallRatio(Vol) 1.05 1.01 0. 05
22‐Feb Wk.Ago Mth.Ago YearAgo
CallRate 5.94% 5.95% 5.92% 5. 88%
CBLO 5.99% 6.02% 5.98% 5. 77%
Repo 6.00% 6.00% 6.00% 6. 25%
ReverseRepo 5.75% 5.75% 5.75% 5.75%
91DayT‐Bill 6.32% 6.32% 6.34% 6.10%
364DayT‐Bill 6. 62% 6.56% 6.31% 6.22%
10YearGilt 7.75% 7.57% 7.26% 6.93%
G‐SecVol.(Rs.Cr) 31124 25720 32334 26988
CurrencyMarketUpdate
1MonthCPRate 6.90% 6.89% 6.89% 6.74%
3MonthCPRate 7.89% 7.90% 7.58% 7.08%
5YearCorpBond 7.99% 7.85% 7.76% 7.41%
1MonthCDRate 6.25% 6.22% 6.23% 6. 18%
3MonthCDRate 7.26% 7.23% 7.15% 6. 38%
1YearCDRate 7.52% 7.49% 7.41% 6.61%
CommodityMarketUpdate
Currency 22‐Feb Prev_Day Change
USD/INR 65.05 64.82 0.23
GBP/INR 90.41 90.66 ‐0.24
EURO/INR 79.83 79.94 ‐0.11
InternationalNews
JPY/INR 0.61 0.60 0.00
Commodity 22‐Feb WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 62.69 61.46 63.61 53.56
BrentCrude($/bl) 65.96 62.10 69.56 54.84
Gold($/oz) 1331 1353 1334 1237
Gold(Rs./10gm) 30384 30542 29965 29309
Source:ICRONResearch
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
23February2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty Feb 2018 Futures settled at spot closing of 10,382.7 points. Nifty
Mar 2018 Futures were at 10,389.1 points, a premium of 6.40 points,
over the spot closing. The turnover on NSE’s Futures and Options
segment went down from Rs. 9,27,429.87 crore on Feb 21 to Rs.
51,651.57 crore on Feb 22.
•ThePut‐Call ratio stood at 0.58 against previous session’s close of 0.85.
• The Nifty Put‐Call ratio stood at 1.12 against previous session’s close of
1.18.
• Open interest on Nifty Futures stood at 30.80 million as against the
previous session’s close of 28.10 million.
• Bond yields rose as minutes of the latest Monetary Policy Committee
meeting showed that members were concerned about rising inflation,
thereby i ncreasing t he possibility of rate‐hike in near term.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) rose 4 bps t o
close at 7.75% as against previous session’s close of 7.71%. During the
session, bond yields traded in the range of 7.72% and 7.82%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,760 crore (gross) on Feb 22 compared with
Rs. 3,627 crore on Feb 21. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 8,837 crore on Feb 21.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on Feb 21 as against borrowing of R s. 785 cr ore on Feb 20.
• The Indian rupee plunged against the U.S. dollar after the minutes of
U.S. Federal Reserve’s latest meeting showed inclination towards faster
rate hikes this year amid hopes of stronger U.S. economic growth. The
rupee fell 0.44% to close at 65.04 per d ollar from the previous close of
64.76 per dollar.
• The euro rose against the dollar as the latter remained under pressure
amid worries over U.S. fiscal deficit. Euro rose 0.39% and was trading at
$1.2330, up from the previous close of $1.2282.
• Gold prices traded higher after minutes of U.S. Federal Reserve’s latest
policy meeting showed that the central bank is on track to raise interest
rates gradually over the course of the year.
• Brent Crude prices traded higher following an unexpected drop in U.S.
crude oil inventories for the week to Feb 16.
• According to the minutes of the U.S. Federal Reserve’s (Fed) most
recent meeting, the bank still plans to raise interest rates three times in
2018. The first of these modest rate hikes is expected to be done in Mar
2018. Fed had raised its projection for inflation from anemic levels in the
recent meeting. Also, it had stated that core personal consumption
expenditure index would notably increase faster in 2018 as against rate
of 1.5% in Dec 2017.
• A report from the National Association of Realtors showed that U.S.
existing home sales surprisingly fell 3.2% to an annual rate of 5.38 million
in Jan 2018 as against downwardly revised 5.56 million (5.57 million
originally reported) in Dec 2017. Meanwhile, the existing home sales
were down by 4.8% YoY in Jan, thereby marking the biggest YoY decline
since Aug 2014.
MarketsforYou
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