26 Feb 2018
Markets for You
Global Indices
Global Indices 23-Feb Prev_Day Abs. Change
% Change
#
Dow Jones 25,310 24,962 348 1.39
Nasdaq 7,337 7,210 127 1.77
FTSE 7,244 7,252 -8 -0.11
Nikkei 21,893 21,736 156 0.72
Hang Seng 31,267 30,966 301 0.97
Indian Indices 23-Feb Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,142 33,820 323 0.95
Nifty 50 10,491 10,383 108 1.04
Nifty 100 10,858 10,737 121 1.12
Nifty Bank 25,303 24,955 347 1.39
SGX Nifty 10,517 10,369 148 1.43
S&P BSE Power 2,214 2,182 31 1.44
S&P BSE Small Cap 17,996 17,724 272 1.54
S&P BSE HC 14,225 13,959 267 1.91
Date P/E Div. Yield P/E Div. Yield
23-Feb 23.66 1.16 25.75 1.13
Month Ago 26.24 1.06 27.81 1.02
Year Ago 22.02 1.42 23.36 1.24
Nifty 50 Top 3 Gainers
Company 23-Feb Prev_Day
% Change
#
Tata Steel 678 638 6.31
Sun Pharma 570 541 5.21
United Phos 701 675 3.72
Nifty 50 Top 3 Losers Domestic News
Company 23-Feb Prev_Day
% Change
#
GAIL 458 466 -1.66
Asian Paints 1102 1118 -1.46
Eicher Motors 26724 26869 -0.54
Advance Decline Ratio
BSE NSE
Advances 1894 1361
Declines 847 435
Unchanged 143 51
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 3882
MF Flows** 17158
*23
rd
Feb 2018; **20
th
Feb 2018
Economic Indicator
YoY(%) Current Year Ago
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)
26 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
4.10%
(Sep-17)
5.70%
(Jun-17)
Quarter Ago
Inflow/Outflow
1080
-2263
3.68%
(Oct-17)
• Indian equity markets closed in the green amid gains in banking sector
as share of major private sector commercial bank increased on proposal
to buy 26% stake in a full-service investment bank. Also, gains in metal
and pharma sector added to the gains. Meanwhile, decline in U.S.
government debt yields from multiyear highs, helped ease investor
worries over inflation and interest rates, thereby boosting the indices.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.95% and
1.04% to close at 34,142.15 and 10,491.05, respectively. S&P BSE Mid-
Cap and S&P BSE Small-Cap grew 1.47% and 1.54%, respectively.
• The overall market breadth on BSE was strong with 1,894 scrips
advancing and 847 scrips declining. A total of 143 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Metal was the top gainer, up 3.16%,
followed by S&P BSE Basic Materials and S&P BSE Healthcare which rose
2.43% and 1.91%, respectively. S&P BSE Telecom and S&P BSE Power
rose 1.9% and 1.44%, respectively.
• Securities and Exchange Board of India has allowed firms to meet
norms via open market sale and qualified institutional placements (QIPs).
This comes in a bid to further facilitate listed companies to comply with
the minimum public shareholding (MPS) requirements. SEBI stated that
the promoters or promoter group can sell up to 2% of the total paid-up
equity share capital of the listed company in the open market. However,
the market regulator stated that such a sale will be subjected to up to
five times the average monthly trading volume of the stock.
• The government has notified revised tax treaty between India and
Kenya. The revised tax treaty provides for lower withholding tax rate and
mutual assistance in collection of tax revenue claims. The revised Double
Taxation Avoidance Agreement (DTAA) was notified on Feb 19, 2018. The
revised DTAA provides for reduction in withholding tax rate on dividend
and interest to 10% from 15% and the withholding tax rate on royalties,
and fees for management, professional, technical services has been
lowered to 10% from 20% and 17.5%, respectively. This comes to
promote cross border flow of investments and technology.
• JSW Steel is set to buy debt-ridden Monnet Ispat for Rs. 3,750 crore.
Monnet Ispat belongs to the first released list of 12 defaulters by the
Reserve Bank of India for insolvency proceedings. The company faces
claims of Rs. 10,359 crore from financial creditors and Rs. 116 crore from
operational creditors.
• Federal Bank entered investment banking segment by acquiring a
minority stake of 26% in Equirus Capital. This acquisition will help the
bank to participate in opportunities and instruments beyond traditional
products.
• HCL Technologies announced to invest around Rs. 160 crore in the field
of education, health and power as part of its corporate social
responsibility activity.
• Asian markets largely remained in positive terrain as U.S. government
debt yields fell from multiyear highs, thereby easing worries over
inflation and higher interest rates. Today (As of Feb 26), Asian markets
opened higher amid strong lead from Wall Street’s last session. Gains in
technology, financial and auto stocks further boosted the indices. Nikkei
and Hang seng grew 0.76% and 0.11%, respectively (as at 8.a.m. IST).
• As per the last close, European market ended on a mixed note amid
mixed bag of corporate earnings results. Meanwhile, investors remained
cautious ahead of a series of speeches from the officials of the U.S.
Federal Reserve.
• As per the last close, U.S markets ended almost higher amid continued
fall in treasury yields. However, gains were capped as some investors
preferred to remain on the sidelines amid lack of major U.S. economic
data.
Markets for You
FII Derivative Trade Statistics 23-Feb
(Rs Cr) Buy
Sell Open Int.
Index Futures 5586.97 7333.08 11480.36
Index Options 103367.47 101282.77 45999.30
Stock Futures 30190.74 28503.59 69090.80
Stock Options 3310.97 3030.86 127.13
Total 142456.15 140150.30 126697.59
23-Feb Prev_Day
Change
Put Call Ratio (OI) 1.43 1.12 0.32
Indian Debt Market
Put Call Ratio(Vol) 0.97 1.05 -0.09
23-Feb Wk. Ago Mth. Ago
Year Ago
Call Rate 5.90% 5.96% 5.89% 5.92%
CBLO 5.89% 4.96% 6.00% 5.79%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.19% 6.32% 6.32% 6.08%
364 Day T-Bill 6.61% 6.56% 6.46% 6.21%
10 Year Gilt 7.67% 7.58% 7.25% 6.91%
G-Sec Vol. (Rs.Cr) 24927 23303 51143 35942
Currency Market Update
1 Month CP Rate 6.91% 6.87% 6.89% 6.55%
3 Month CP Rate 7.89% 7.89% 7.58% 6.86%
5 Year Corp Bond 7.98% 7.88% 7.78% 7.44%
1 Month CD Rate 6.25% 6.23% 6.25% 6.13%
3 Month CD Rate 7.24% 7.22% 7.16% 6.35%
1 Year CD Rate 7.52% 7.48% 7.44% 6.60%
Commodity Market Update
Currency 23-Feb Prev_Day
Change
USD/INR 64.82 65.05 -0.22
GBP/INR 90.40 90.41 -0.01
EURO/INR 79.76 79.83 -0.07
International News
JPY/INR 0.61 0.61 0.00
Commodity 23-Feb Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 63.49 61.87 64.40 54.43
Brent Crude($/bl) 66.98 63.54 70.05 55.51
Gold( $/oz) 1329 1348 1341 1249
Gold(Rs./10 gm) 30390 30693 30058 29300
Source: ICRON Research
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
26 February 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Mar 2018 Futures were at 10,504.55 points, a premium of 13.50
points, over the spot closing of 10,491.05. The turnover on NSE’s
Futures and Options segment went down from Rs. 51,651.57 crore on
Feb 22 to Rs. 4,10,334.60 crore on Feb 23.
• The Put-Call ratio stood at 0.83 against previous close of 0.58.
• The Nifty Put-Call ratio stood at 1.43 against previous session’s close of
1.12.
• India VIX moved down 4.25% to 14.2025 from 14.8325 in the previous
trading session.
• Open interest on Nifty Futures stood at 20.73 million as against the
previous session’s close of 30.80 million.
• Bond yields fell today as investors resorted to value buying after five
consecutive sessions of decline.
• Yield on the 10-year benchmark paper (7.17% GS 2028) fell 8 bps to
close at 7.67% as against previous session’s close of 7.75%. During the
session, bond yields traded in the range of 7.67% and 7.76%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,605 crore (gross) on Feb 23 compared with
Rs. 4,760 crore on Feb 22. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 9,865 crore on Feb 22.
• Banks borrowed Rs. 175 crore under the central bank’s Marginal
Standing Facility on Feb 22 as against no borrowing on Feb 21.
• RBI conducted a 14-day variable rate repo auction for a notified
amount of Rs. 22,000 crore for which Rs. 5,500 crore was allotted at a
cut-off rate of 6.01%.
• The Indian rupee rose against the greenback following gains in the
domestic equity market. Selling of the greenback by state run banks
further boosted the domestic currency. The rupee rose 0.48% to close at
64.73 per dollar from the previous close of 65.04 per dollar.
• The euro weakened against the dollar as market participants remained
on the sidelines ahead of the outcome of the Italian general elections
due Mar 4, 2018. Euro fell 0.15% and was trading at $1.2310, from the
previous close of $1.2329.
• Gold prices traded low on stronger dollar after the U.S. Central Bank
indicated to raise the policy rates in gradually over the course of the
year.
• Brent Crude prices rose after crude oil inventories fell by 1.6 million
barrels in the week ended Feb 16.
• A report from the labor department showed that U.S. initial jobless
claims fell to 222,000 for the week ended Feb 17, 2018, down 7,000
from the previous week's revised level of 229,000 (230,000 originally
reported). Continuing claims fell 73,000 to 1.875 million for the week
ended Feb 10, 2018.
• According to the minutes of the latest policy session in Jan 2018,
despite the increased confidence that inflation would move near its
target, policymakers at the European Central Bank (ECB) judged that it
was too early to change the policy stance. In the late January session,
ECB had kept all three interest rates and asset purchases unchanged,
and there was also no change in the forward guidance.
Markets for You
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