16 Jan 2018
Markets for You
Global Indices
Global Indices 15-Jan Prev_Day Abs. Change
% Change
#
Dow Jones Closed 25,803 NA NA
Nasdaq Closed 7,261 NA NA
FTSE 7,769 7,779 -10 -0.12
Nikkei 23,715 23,654 61 0.26
Hang Seng 31,339 31,413 -74 -0.23
Indian Indices 15-Jan Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,844 34,592 251 0.73
Nifty 50 10,742 10,681 60 0.56
Nifty 100 11,208 11,159 49 0.44
Nifty Bank 26,069 25,749 320 1.24
SGX Nifty 10,747 10,698 49 0.46
S&P BSE Power 2,416 2,409 7 0.29
S&P BSE Small Cap 20,047 19,993 54 0.27
S&P BSE HC 14,920 14,968 -47 -0.32
Date P/E Div. Yield P/E Div. Yield
15-Jan 25.84 1.10 27.06 1.06
Month Ago 24.80 1.16 26.46 1.10
Year Ago 21.22 1.44 22.47 1.31
Nifty 50 Top 3 Gainers
Company 15-Jan Prev_Day
% Change
#
HDFC Ltd. 1871 1761 6.26
ICICI Bank 329 318 3.65
Ambuja Cem 277 269 2.80
Nifty 50 Top 3 Losers Domestic News
Company 15-Jan Prev_Day
% Change
#
GAIL 489 501 -2.37
Eicher Motors 27982 28650 -2.33
ONGC 197 201 -2.07
Advance Decline Ratio
BSE NSE
Advances 1547 905
Declines 1387 898
Unchanged 183 50
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 2143
MF Flows** 2559
*15
th
Jan 2018; **12
th
Jan 2018
Economic Indicator
YoY(%) Current Year Ago
WPI
3.58%
(Dec-17)
2.10%
(Dec-16)
IIP
8.40%
(Nov-17)
5.10%
(Nov-16)
GDP
6.30%
(Sep-17)
7.50%
(Sep-16)
16 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
278
-29
3.14%
(Sep-17)
• Government data showed that growth of India’s Wholesale Price Index
(WPI)-based inflation slowed to 3.58% in Dec 2017 from 3.93% in the
previous month. However, it increased from 2.10% during the
corresponding month of the previous fiscal. The WPI food price index
also slowed to 2.91% in Dec from 4.10% in the previous month. WPI for
vegetables slowed to 56.46% in Dec from 59.80% in Nov. WPI for onions
surged for the third straight month and grew 197.05% in Dec from
178.19% in the previous month. The build-up inflation rate in the
financial year so far was 2.21% compared with a build-up rate of 3.71% in
the corresponding period of the previous year.
• The Unique Identification Authority of India (UIDAI) has introduced
face authentication along with fingerprints, iris and one-time-password.
This comes on the wake of providing more choice to citizens
authenticating using Aadhaar. The measure that is expected to be
implemented by Jul 2018 would increase security by adding another
layer of verification.
• The Securities and Exchange Board of India (SEBI) has permitted
commodity bourse NCDEX to launch options trading in non-farm items
such as nickle and aluminium. The managing director and chief executive
officer of SEBI stated that the exchange is keen on options trading in
more agri-commodities as it is encouraged by the results of guarseed
option that was launched last week.
• The union minister announced that the government is planning to build
ring roads in the country's 28 major cities at an estimated cost of Rs.
36,290 crore. Out of this, detailed reports for projects worth Rs. 21,100
crore are under progress. These projects are part of the Bharatmala
initiative announced by the Cabinet in 2017. As per the initiative, the
government envisages development of 84,000 kilometre of national
highways at an investment of Rs. 6.92 lakh crore by 2022.
Markets for You
• Most of the Asian markets traded in the green after following positive
cues from the U.S. markets over the weekend. Higher commodity prices,
weak yen and optimism over corporate earnings further supported gains.
However, Chinese markets ended lower after data indicated that Chinese
central bank has lowered its lending amount in Dec to curb credit
growth. Today (As of Jan 16), Asian markets opened higher as dollar
nursed overnight losses. Also, gains in one of the Japan’s major boosted
the indices. Nikkei and Hang seng grew 0.42% and 0.68%, respectively (as
at 8.a.m. IST).
• As per the last close, European market ended almost lower as stocks of
exporters remained under pressure as Euro continued to strengthen
against the dollar. Also, reports that a U.K. construction firm has entered
into liquidation weighed on market sentiment. Also, trading activity was
subdued due to the holiday in the United States. However, losses were
capped amid hopes of shift in stance by European Central Bank.
• U.S markets remained closed on account of Martin Luther King, Jr. Day.
• Indian equity markets touched new record closing highs as investors
cheered official data showing industrial activity in India increased to 25-
month high in Nov. Meanwhile, Inflation based on wholesale prices
eased in Dec 2017 as prices of food articles declined while fuel cost
witnessed a surge. However, the gains were restricted by rise in retail
price based inflation to 17-month high in Dec following increase in food
prices. The retail inflation breached the Monetary Policy Committee's
medium-term target for the second straight month, which may intensify
pressure for it to raise policy rates in the next few months.
• Positive cues from Asian markets further generated buying interest,
amid overnight gains in Wall Street, after upbeat corporate earning
number and robust retail sales drove investor optimism about economic
growth.
• Key benchmark indices, S&P BSE Sensex and Nifty 50 rose 0.73% and
0.56% to close at 34843.51 and 10741.55, respectively. While, S&P BSE
Mid-Cap closed flat, S&P BSE Small- Cap rose 0.27%.
• The market breadth on BSE was positive with 1547 scrips advancing
and 1387 scrips declining. A total of 183 scrips remained unchanged.
FII Derivative Trade Statistics 15-Jan
(Rs Cr) Buy
Sell Open Int.
Index Futures 2108.23 2054.57 18278.92
Index Options 63404.32 62376.56 74251.51
Stock Futures 11083.80 9997.42 73233.24
Stock Options 7844.63 7893.19 8239.33
Total 84440.98 82321.74 174003.00
15-Jan Prev_Day
Change
Put Call Ratio (OI) 1.78 1.74 0.04
Indian Debt Market
Put Call Ratio(Vol) 1.38 1.46 -0.08
15-Jan Wk. Ago Mth. Ago
Year Ago
Call Rate 5.91% 5.88% 5.99% 6.04%
CBLO 5.92% 5.81% 6.15% 6.10%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.32% 6.00% 6.16% 6.15%
364 Day T-Bill 5.75% 6.43% 6.32% 6.23%
10 Year Gilt 7.44% 7.34% 7.14% 6.42%
G-Sec Vol. (Rs.Cr) 26753 43017 41341 56197
Currency Market Update
1 Month CP Rate 6.88% 6.87% 6.70% 6.65%
3 Month CP Rate 7.39% 7.34% 6.84% 6.95%
5 Year Corp Bond 7.74% 7.67% 7.52% 7.07%
1 Month CD Rate 6.23% 6.23% 6.23% 6.24%
3 Month CD Rate 6.89% 6.70% 6.30% 6.38%
1 Year CD Rate 7.15% 7.07% 6.77% 6.57%
Commodity Market Update
Currency 15-Jan Prev_Day
Change
USD/INR 63.41 63.53 -0.11
GBP/INR 87.18 86.05 1.13
EURO/INR 77.45 76.53 0.92
International News
JPY/INR 0.57 0.57 0.00
Commodity 15-Jan Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) Closed 61.68 57.24 52.31
Brent Crude($/bl) 71.13 69.12 64.55 54.06
Gold( $/oz) 1340 1320 1255 1197
Gold(Rs./10 gm) 29838 29492 28585 28809
Source: ICRON Research
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
16 January 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields fell as investors resorted to value buying, after sharp rise
in yields last week, even though wholesale price index rose to 17-month
high in Dec 2017.
• Yield on the existing 10-year benchmark paper (6.79% GS 2027) fell 2
bps to close at 7.44% as against previous session close of 7.46%.
• Yield on the new 10-year benchmark paper (7.17% GS 2028) fell 1 bps
to close at 7.27% as against previous session close of 7.28%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 8,470 crore (gross) on Jan 15 as compared with
Rs. 3,255 on Jan 12. Sale of securities under Reserve Bank of India’s (RBI)
reverse repo window stood at Rs. 6,894 crore on Jan 12.
• Banks borrowed Rs. 50 crore under the central bank’s Marginal
Standing Facility on Jan 12, same as that of Jan 11.
• A report from the Commerce Department showed that U.S. business
inventories slightly surpassed market expectations and grew 0.4% in Nov
2017 as against a decline of 0.1% in Oct 2017. The upside partially
reflects rebound in wholesale inventories that grew 0.8% in Nov as
against a decline of 0.4% in Oct. Manufacturing inventories grew 0.4%
and retail inventories slightly grew 0.1% in Nov.
• A report from the Eurostat showed that eurozone’s trade surplus grew
EUR 22.5 billion (seasonally adjusted) in Nov from EUR 19 billion in Oct.
Exports surged 3.4% MoM to EUR 187.1 billion and imports surged 1.6%
to EUR 164.6 billion.
Markets for You
• Nifty Jan 2018 Futures were at 10743.3, a premium of 1.75 points above
the spot closing of 10,741.55. The turnover on NSE’s Futures and Options
segment went up from Rs. 5,62,613.13 crore on Jan 12 to Rs. 5,79,639.73
crore on Jan 15.
• The Put-Call ratio closed at 1.00 against the previous session’s close of
1.07.
• The Nifty Put-Call ratio stood at 1.78 against previous close of 1.74.
• India VIX moved up 4.17% to 14.3050 from 13.7325 in the previous
session.
• Open interest on Nifty Futures stood at 31.49 million as against the
previous close of 30.22 million.
• The Indian rupee rose against the U.S. dollar following gains in the
domestic equity market. Market sentiment improved further after India’s
industrial output rose in Nov 2017 from a year earlier and registered the
fastest pace of expansion since Oct 2015.
• The euro continued to surge against the greenback on growing
economic optimism in the euro zone and expectations that the European
Central Bank will tighten monetary policy.
• Gold prices remained strong on weaker dollar against major currencies.
• Brent crude prices inched up amid optimism that the Organization of
the Petroleum Exporting Countries (OPEC’s) effort to curb excess supplies
would balance the rising U.S. oil production.
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