15 Jan 2018
Markets for You
Global Indices
Global Indices 12-Jan Prev_Day Abs. Change
% Change
#
Dow Jones 25,803 25,575 228 0.89
Nasdaq 7,261 7,212 49 0.68
FTSE 7,779 7,763 16 0.20
Nikkei 23,654 23,710 -57 -0.24
Hang Seng 31,413 31,120 292 0.94
Indian Indices 12-Jan Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,592 34,503 89 0.26
Nifty 50 10,681 10,651 30 0.28
Nifty 100 11,159 11,132 27 0.24
Nifty Bank 25,749 25,661 88 0.34
SGX Nifty 10,698 10,671 28 0.26
S&P BSE Power 2,409 2,420 -11 -0.47
S&P BSE Small Cap 19,993 19,984 9 0.05
S&P BSE HC 14,968 15,020 -52 -0.34
Date P/E Div. Yield P/E Div. Yield
12-Jan 25.66 1.11 27.28 1.06
Month Ago 24.52 1.17 26.22 1.11
Year Ago 21.29 1.43 22.50 1.31
Nifty 50 Top 3 Gainers
Company 12-Jan Prev_Day
% Change
#
ICICI Bank 318 310 2.65
Bharti Infratel 375 368 1.92
Zee Entertainment 591 580 1.90
Nifty 50 Top 3 Losers Domestic News
Company 12-Jan Prev_Day
% Change
#
United Phos 775 786 -1.38
Aurobindo Pharma 667 675 -1.11
Lupin 919 929 -1.09
Advance Decline Ratio
BSE NSE
Advances 1331 761
Declines 1584 1047
Unchanged 155 49
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 2172
MF Flows** 1457
*12
th
Jan 2018; **10
th
Jan 2018
Economic Indicator
YoY(%) Current Year Ago
WPI
3.93%
(Nov-17)
1.82%
(Nov16)
IIP
8.40%
(Nov-17)
5.10%
(Nov-16)
GDP
6.30%
(Sep-17)
7.50%
(Sep-16)
15 January 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
Nifty
4.80%
(Aug-17)
5.70%
(Jun-17)
Quarter Ago
Inflow/Outflow
725
-523
3.24%
(Aug-17)
• Investors preferred to remain on the sidelines ahead of consumer
inflation and industrial output data that was scheduled after market
hours. Additionally, investors remained wary after the four Supreme
Court judges have raised concerns on administration of the top court.
However, indices later gained momentum and closed in the green amid
optimism over corporate earnings results. Gains in information
technology and banking and financial sectors further boosted the indices.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.26% and
0.28% to close at 34,592.39 and 10,681.25, respectively. Moreover, while
S&P BSE Mid-Cap fell 0.17%, S&P BSE Small-Cap went up 0.05%.
• On the BSE sectoral front, the top gainers were S&P BSE Energy, up
0.72% followed by S&P BSE Oil & Gas and S&P BSE Bankex, which grew
0.69% and 0.50%, respectively. S&P BSE Consumer Capital Goods and
S&P BSE Metal grew 0.48% and 0.45%, respectively. The losers
comprised S&P BSE Realty down 1.46%, followed by S&P BSE FMCG (-
0.52%), S&P BSE Power (-0.47%) and S&P BSE Utilities and S&P BSE
Healthcare (each -0.34%).
• Government data showed that growth of Consumer Price Index (CPI)
based inflation or retail inflation surged to a 17-month high of 5.21% in
Dec 2017 from 4.88% in the previous month and 3.41% in the same
period of the previous year. Retail inflation growth thus surpassed the
Reserve Bank of India’s (RBI) medium-term target of 4% for the second
consecutive month. The Consumer Food Price Index also grew 4.96% in
Dec 2017 from 4.35% in the previous month and 1.37% in the same
period of the previous year.
• Government data showed that India’s Index of Industrial Production
(IIP) grew 8.4% in Nov 2017 from downwardly revised 2.0% in Oct 2017
(2.2% originally reported) and 5.10% in the same period of the previous
year. This is the highest IIP level since Oct 2015. The manufacturing
sector also surged 10.2% in Nov 2017 from 4.0% in the same period of
the previous year. However, IIP growth for Apr to Nov 2017 slowed to
3.2% from 5.5% in the same period of the previous fiscal.
• Infosys posted 38% QoQ rise in net profit to Rs. 51.29 billion in the
quarter ended Dec 2017 as against Rs. 37.26 billion in previous quarter
and revenue rose 1.3% to Rs. 177.94 billion as compared with Rs. 175.67
billion in quarter ended Sep 2017.
• HT Media reported increase in consolidated net profit by 28.74% to Rs.
136.96 crore in quarter ended Dec 2017 as against net profit of Rs.
106.36 crore during same quarter of the previous fiscal year.
• Few non-banking finance companies including HDFC Ltd, Mahindra
Finance, IndiaBulls Housing Finance, Shriram Transport Finance and
Dewan Housing Finance (DHFL) have received approval from the Reserve
Bank of India to sell masala bonds to foreign investors abroad.
• Tata Consultancy Services has entered into an agreement with
Transamerica, a leading provider of life insurance, retirement and
investment solutions, to transform the administration of its U.S.
insurance and annuity business lines.
• Asian markets mostly closed in the green after China ruled out the
news of lowering U.S. bond purchases and mentioned it as an erroneous
information. However, lower exports and imports data from China for
Dec 2017 limited the upside. Today (As of Jan 15), Asian markets opened
higher amid strong lead from Wall Street’s last session. Gains in
technology and financial stocks further boosted the indices. Nikkei and
Hang seng grew 0.29% and 0.78%, respectively (as at 8.a.m. IST).
• As per the last close, European market ended higher as investor
sentiment got a boost with German coalition party leaders reaching a
breakthrough in preliminary talks to form a new government. Also,
investor sentiment improved after ECB revealed that the tone of
monetary policy communication could be changed early in 2018 to
reflect improvement in growth prospects.
• As per the last close, U.S markets ended higher amid strong corporate
results by some of the U.S. majors. Also, retail stocks gained amid retail
sales data that came in-line with market expectations for Dec 2017,
thereby further boosting the indices.
Markets for You
FII Derivative Trade Statistics 12-Jan
(Rs Cr) Buy
Sell Open Int.
Index Futures 1364.01 2550.35 17231.70
Index Options 77515.62 76152.80 71026.77
Stock Futures 8477.41 8324.67 72580.18
Stock Options 6434.83 6473.92 7887.32
Total 93791.87 93501.74 168725.97
12-Jan Prev_Day
Change
Put Call Ratio (OI) 1.74 1.75 -0.01
Indian Debt Market
Put Call Ratio(Vol) 1.46 1.56 -0.09
12-Jan Wk. Ago Mth. Ago
Year Ago
Call Rate 5.91% 5.88% 5.82% 6.08%
CBLO 5.87% 4.79% 5.94% 6.18%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.29% 6.13% 6.13% 6.14%
364 Day T-Bill 6.30% 6.47% 6.24% 6.17%
10 Year Gilt 7.46% 7.29% 7.19% 6.37%
G-Sec Vol. (Rs.Cr) 27029 52738 42456 85173
Currency Market Update
1 Month CP Rate 6.87% 6.81% 6.69% 6.64%
3 Month CP Rate 7.38% 7.24% 6.82% 6.92%
5 Year Corp Bond 7.74% 7.67% 7.48% 7.06%
1 Month CD Rate 6.25% 6.20% 6.19% 6.23%
3 Month CD Rate 6.86% 6.77% 6.25% 6.36%
1 Year CD Rate 7.13% 7.10% 6.72% 6.57%
Commodity Market Update
Currency 12-Jan Prev_Day
Change
USD/INR 63.53 63.74 -0.21
GBP/INR 86.05 86.01 0.04
EURO/INR 76.53 76.14 0.39
International News
JPY/INR 0.57 0.57 0.00
Commodity 12-Jan Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 64.17 61.44 57.07 52.96
Brent Crude($/bl) 70.46 68.50 65.65 54.35
Gold( $/oz) 1338 1320 1243 1196
Gold(Rs./10 gm) 29838 29443 28443 28891
Source: ICRON Research
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
15 January 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Jan 2018 Futures were at 10,686.35, a premium of 5.10 points
above the spot closing of 10,681.25. The turnover on NSE’s Futures and
Options segment went down from Rs. 10,20,259.56 crore on Jan 11 to
Rs. 5,62,613.13 crore on Jan 12.
• The Put-Call ratio closed at 1.07 against the previous session’s close
0.87.
• The Nifty Put-Call ratio stood at 1.74 against previous session’s close of
1.75.
• Open interest on Nifty Futures stood at 30.22 million as against the
previous session’s close of 29.86 million.
• Bond yields rose after India’s retail inflation rate accelerated to 5.21%
in Dec 2017 from a year earlier, the fastest pace of annual expansion
since Jul 2016.
• Yields also rose after the central bank sold the complete quantum of
bonds worth Rs. 150 billion, while traders were anticipating cancelation
of the auction for some notes.
• Yield on the existing 10-year benchmark paper (6.79% GS 2027 rose 2
bps to close at 7.46% as against previous session close of 7.44%. During
the session, bond yields traded in the range of 7.39% and 7.46%.
• Yield on the new 10-year benchmark paper (7.17% GS 2028) rose 2 bps
to close at 7.28% as against previous session close of 7.26%. During the
session, bond yields traded in the range of 7.24% and 7.29%.
• The Indian rupee rose against the U.S. dollar following gains in the
domestic equity market. However, dollar demand from oil importers
capped most of the gains. The rupee rose 0.04% to close at 63.63 per
dollar from the previous close of 63.66 per dollar.
• The euro continued to surge against the greenback on expectations
that the European Central Bank might tighten its huge monetary
stimulus. Euro was trading at $1.2125, up 0.78% compared with the
previous close of $1.2031.
• Gold prices touched four-month high ahead of the key retail sales and
inflation data in the U.S.
• Brent crude prices inched down ahead of U.S. rig count data.
• A report from the Labor Department showed that U.S. consumer price
index missed market expectations in Dec 2017. However, it inched up by
0.1% in Dec as against a gain of 0.4% in Nov 2017. Meanwhile, core
consumer prices, (excluding food and energy prices) grew 0.3% in Dec as
against a gain of 0.1% in Nov.
• A report from the commerce department showed that retail sales
came in line with market expectations and grew 0.4% in Dec 2017 as
against an upwardly revised gain of 0.9% (0.8% originally reported) in
Nov 2017.
• According to a report from the Labor department, U.S. producer price
index for final demand missed market expectations and slightly fell 0.1%
in Dec 2017 as against a gain of 0.4% in Nov 2017.
Markets for You
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