23Jan2018
MarketsforYou
GlobalIndices
GlobalIndices 22‐Jan Prev_Day Abs.Change
%Change
#
DowJones 26,215 26,072 143 0.55
Nasdaq 7,408 7,336 72 0.98
FTSE 7,715 7,731 ‐15 ‐0.20
Nikkei 23,816 23,808 8 0.03
HangSeng 32,393 32,255 139 0.43
IndianIndices 22‐Jan Prev_Day Abs.Change
%Change
#
S&PBSESensex 35,798 35,512 286 0.81
Nifty50 10,966 10,895 72 0.66
Nifty100 11,391 11,316 75 0.67
NiftyBank 27,041 26,910 132 0.49
SGXNifty 10,975 10,918 57 0.52
S&PBSEPower 2 ,369 2,363 7 0.28
S&PBSESmallCap 19,608 19,456 152 0.78
S&PBSEHC 14,966 14,868 98 0.66
Date P/E Div.Yield P/E Div.Yield
22‐Jan 26.03 1.07 27.62 1.03
MonthAgo 25.03 1.13 26.86 1.08
YearAgo 21.07 1.45 22.37 1.32
Nifty50Top3Gainers
Company 22‐Jan Prev_Day
%Change
#
TCS 3116 2959 5.31
RIL 972 931 4.32
IndiabullsHFC 1355 1302 4.10
Nifty50Top3Losers DomesticNews
Company 22‐Jan Prev_Day
%Change
#
HPCL 402 416 ‐3.46
GAIL 457 469 ‐2.42
Wipro 322 329 ‐2.25
AdvanceDeclineRatio
BSE NSE
Advances 1580 983
Declines 1318 799
Unchanged 179 70
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 6856
MFFlows** 4412
*22
nd
Jan2018;**19
th
Jan2018
EconomicIndicator
YoY(%) Current YearAgo
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)
23January2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
4.80%
(Aug‐17)
5.70%
(Jun‐17)
QuarterAgo
Inflow/Outflow
168
1088
3.14%
(Sep‐17)
• The government is considering a plan to raise the equity investment
limit for the Employees' Provident Fund Organisation (EPFO) from 15% to
25%. Such a move could more than double the provident fund money
invested in exchange‐traded funds (ETFs) over time. The move comes on
the wake of higher than expected return on equity while decline in debt,
thereby compelling the government to explore wider investment options
to maximise returns.
• According to a government official, the commerce ministry has pitched
for c ontinuation of tax incentives that is being enjoyed by units in special
economic zones (SEZs). This comes with a view to boost shipments and
job creation. Also, the Department of Commerce has asked the finance
ministry to remove minimum alternate tax on SEZs.
• As per the World Economic Forum, India stands at 62nd place among
103 emerging economies on an Inclusive Development I ndex. T he index
considers the “living standards, en viron mental sustainability and
protection of future generations from further indebtedness”. Despite its
low score as compared with its neighbouring countries, India is a mong
the ten emerging economies with 'advancing' trend.
• Axis Bank’s net profit grew 25% to Rs. 7.26 billion for the quarter ended
Dec 2017 a s against a net profit of Rs. 5.79 billion in t he previous year
period. The upside was driven by robust growth in net interest income.
Net interest income surged 9% YoY to Rs. 47.3 billion during the quarter.
• Dewan Housing Finance witnessed net profit of R s. 305.9 crore during
the quarter ended Dec 31, 2017, up 25% YoY from Rs. 244.8 crore in the
previous year period. The upside was driven by robust loan growth in the
individual segment.
• Morepen Laboratories Ltd’s net profit in Q3FY18 came in at Rs. 96.7
million, up 107% YoY. The significant upside was driven by 53% growth i n
sales in the Home Diagnostic category. Domestic sales were up by 24.8%
to Rs. 1.03 billion in Q3FY18 while exports were down at Rs. 365.8 million.
MarketsforYou
• Asian markets witnessed modest gains as investors continued to take
positive cues from upbeat Chinese gross domestic product data for 2017.
Market participants a lso followed devel opments of the talks to end the
U.S. government shut down after the Senate failed to reach agreement
over a short‐term funding bill. Market participants also turned optimistic
after Germany's Social Democrats voted to enter coalition talks with
Chancellor Angela Merkel's government and French President said that it
would be possible for Britain to secure a customized trade deal if the U.K.
accepts certain pre‐conditions.Today (As of Jan 23), Asian markets
opened higher following strong rise on the Wall St reet overnight. Both
Nikkei and Hang Seng were trading higher 0.75% and 0.74%, respectively
(8 a.m. IST).
• As per the last close, European market mostly closed with small gains
after moving in a range during the session. Market participants continue
to keep track of development both in Europe and in the U.S.
• As per the last close, U.S market rose after U.S. lawmakers reached a
deal that would resume government operations.
• Indian equity markets surged with Sensex surpassing the 35,600‐mark
and Nifty 50 nearing the 11,000 le vel. Investors took positive cues from
robust quarterly earning numbers from an industry major in energy
sector. Prospects of merger and acquisition activities between index
heavyweights in the energy sector further supported buying interest.
• Key benchmark indices S&P BSE Sensex and Nifty 50 went up 0.81% and
0.66% to close at 35,798.01 and 10,966.20, respectively. S&P BSE Mid‐
Cap and S&P BSE Small‐Cap rose 0.63% and 0.78%, respectively.
• The overall market breadth on BSE was positive with 1,580 scrips
advancing and 1,318 scrips declining. A total of 179 scrips remained
unchanged.
• On the BSE sectoral front, majority of the indices closed in the green.
S&P BSE Energy was the top gainer, up 2.42%, followed by S&P BSE IT and
S&P BSE Realty, which went up 2.01% and 1.95%, respectively. S&P BSE
Capital Goods and S&P BSE Teck rose 1.79% and 1.38%, respectively.
Meanwhile,S&PBSETelecomwasthemajorloser,down1.49%,followed
by S&P BSE Metal and S&P BSE Utilities, which slipped 0.82% and 0.54%,
respectively.
FIIDerivativeTradeStatistics 22‐Jan
(RsCr) Buy Sell OpenInt.
IndexFutures 3117.64 3143.64 24486.94
IndexOptions 78803.23 78131.50 87952.86
StockFutures 13742.75 12432.91 75141.40
StockOptions 12174.31 12269.44 9654.30
Total 107837.93 105977.49 197235.50
22‐Jan Prev_Day Change
PutCallRatio(OI) 1.79 1.74 0.05
IndianDebtMarket
PutCallRatio(Vol) 1.17 1.27 ‐0.10
22‐Jan Wk.Ago Mth.Ago YearAgo
CallRate 5.92% 5.91% 5.97% 6.02%
CBLO 5.98% 5.92% 5.71% 4.98%
Repo 6.00% 6.00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 5.75%
91DayT‐Bill 6.34% 6.32% 6.18% 6.21%
364DayT‐Bill 6. 31% 5.75% 6.37% 6.17%
10YearGilt 7.46% 7.44% 7. 27% 6.46%
G‐SecVol.(Rs.Cr) 32334 26753 38674 41918
CurrencyMarketUpdate
1MonthCPRate 6.89% 6.88% 6.89% 6.75%
3MonthCPRate 7.58% 7.39% 7.03% 7.08%
5YearCorpBond 7.76% 7.74% 7.62% 7.13%
1MonthCDRate 6.23% 6.23% 6.35% 6.21%
3MonthCDRate 7.15% 6.89% 6.45% 6.40%
1YearCDRate 7.41% 7.15% 6.90% 6.54%
CommodityMarketUpdate
Currency 22‐Jan Prev_Day Change
USD/INR 63.89 63.72 0.17
GBP/INR 88.60 88.64 ‐0.05
EURO/INR 78.12 78.14 ‐0.02
InternationalNews
JPY/INR 0.58 0.57 0.00
Commodity 22‐Jan WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 63.61 64.17 58.24 52.28
BrentCrude($/bl) 69.56 71.13 64.95 54.98
Gold($/oz) 1334 1340 1275 1210
Gold(Rs./10gm) 29965 29838 28686 29024
Source:ICRONResearch
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
23January2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yields fell as decrease in crude oil prices eased concerns about
inflation ahead of next week's annual budget. Also, shift to the new
benchmark paper by the traders added to the gains.
• Yield on the existing 10‐year b e nchmark paper (6.79% GS 2027) fell 2
bps to close at 7.46% as against previous session’s close of 7.48%. During
the session, bond yields traded in the range of 7.45% and 7.51%.
•Yieldonthenew10‐year benchmark paper (7.17% GS 2028) fell 3 bps
to close at 7.26% as against previous session close of 7.29%. During the
session, bond yields traded in the range of 7.25% and 7.32%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 11,722 crore (gross) on Jan 22 as compared
with Rs. 2,805 crore on Jan 19. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 29,973 crore on Jan 19.
• A preliminary report from the University of Michigan showed that U.S.
consumer sentiment index fell to 94.4 i n Jan 2018 from the final reading
of 95.9 in Dec 2017. Consumer confidence decreased as consumers
evaluated current economic conditions less favorable. The index of
consumer expectations rose to 84.8 in Jan from 84.3 in Dec.
• According to the Bank of Greece, Greece's current account deficit
narrowed significantly to EUR 954 million in Nov 2017 from EUR 1.25
billion in the corresponding month last year. The deficit on goods trade
declined to EUR 1.35 billion from EUR 1.64 billion last year.
MarketsforYou
• Nifty Jan 2018 Futures were at 10,968.00, a premium of 1.80 points
above the spot closing of 10,966.20. Th e turnover on NSE’s Fu t ures and
Options segment went down from Rs. 7,56,949.97 crore on Jan 19 to Rs.
7,31,631.19 crore on Jan 22.
•ThePut‐Call ratio closed at 0.91 against the previous session’s close of
0.96.
• The Nifty Put‐Call ratio stood at 1.79 against previous session’s close of
1.74.
• Open interest on Nifty Futures stood at 34.96 million as against the
previous session’s close of 34.22 million.
• The Indian rupee ended almost steady as initial losses were offset b
y
gains in the domestic equity market. Also, investors preferred to wait fo
r
a U.S. Senate vote on a stopgap funding for federal agencies. The rupee
inched down 0.03% to close at 63.87 per dollar from the previous close o
f
63.85.
• The euro strengthened against the U.S. dollar as the latter weakened on
concerns of U.S. government shutdown. Euro grew 0.16% and was tradin
g
at $1.2239, up from the previous close of $1.2220.
• Gold prices traded higher as investors continued to follow the
developments on U.S. government shutdown.
• Brent crude prices traded a tad higher following comments from Saudi
Arabia that cooperation between oil producers who have cut production
to boost prices would continue beyond 2018.
Thank you for
your time.