24Jan2018
MarketsforYou
GlobalIndices
GlobalIndices 23‐Jan Prev_Day Abs.Change
%Change
#
DowJones 26,211 26,215 ‐4 ‐0.01
Nasdaq 7,460 7,408 52 0.71
FTSE 7,732 7,715 16 0.21
Nikkei 24,124 23,816 308 1. 29
HangSeng 32,931 32,393 537 1.66
IndianIndices 23‐Jan Prev_Day Abs.Change
%Change
#
S&PBSESensex 36,140 35,798 342 0.96
Nifty50 11,084 10,966 118 1.07
Nifty100 11,507 11,391 115 1.01
NiftyBank 27,391 27,041 349 1.29
SGXNifty 11,063 10,975 88 0.80
S&PBSEPower 2 ,381 2,369 11 0.47
S&PBSESmallCap 19,651 19,608 43 0.22
S&PBSEHC 15,107 14,966 141 0.94
Date P/E Div.Yield P/E Div.Yield
23‐Jan 26.24 1.06 27.81 1.02
MonthAgo 25.03 1.13 26.86 1.08
YearAgo 21.14 1.45 22.48 1.32
Nifty50Top3Gainers
Company 23‐Jan Prev_Day
%Change
#
Vedanta 344 327 5.06
Hindalco 265 255 3.86
SBI 318 307 3.78
Nifty50Top3Losers DomesticNews
Company 23‐Jan Prev_Day
%Change
#
AmbujaCem 263 268 ‐2.14
EicherMotors 27071 27650 ‐2.09
Wipro 315 322 ‐1.96
AdvanceDeclineRatio
BSE NSE
Advances 1348 865
Declines 1578 928
Unchanged 138 54
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 8400
MFFlows** 4412
*23
rd
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)
24January2018
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
1544
3.14%
(Sep‐17)
• According to the International Monetary Fund (IMF), India is expected
to grow at 7.4% in 2018 as against 6.8% growth in China. This makes India
as one of the fastest growing countries among emerging economies
following slowdown du e to de monetisation a nd the implementation of
the goods and service tax in 2017. Meanwhile, the economy is expected
to grow at a rate of 7.8% in 2019.
• Securities and Exchange Board of India (SEBI) announced that the panel
of the oversight committee on 'product design' will be responsible for
introduction of new contracts, modifications of existing product and
reviewing the design of the already approved and running contracts. This
is being done to bring uniformity with respect to the role of the oversight
committee. The move comes after SEBI noted that the commodity
derivatives exchanges have been adopting varied approach in terms of
constitution and also the functioning of such oversight committees.
• The government is set for the extension of the Pradhan Mantri Jan‐
Dhan Yojana. It will possibly double the overdraft amount under the
scheme and use it to give loans to promote entrepreneurship. The second
phase of the financial inclusion scheme that pursues providing a bank
account to everyone ends in Aug 2018.
• Edelweiss Financial Services notified 52% rise in net profit to Rs. 2.36
billion in the quarter ended Dec 2017 as against Rs. 1. 55 billion in the
corresponding quarter of the previous year.
• Oil and Natural Gas Corporation has got approval from the government
to sell its stake in Indian Oil Corporation and GAIL for Rs. 369.15 billion to
fund acquisitions of Hindustan Petroleum Corporation Ltd.
• Indiabulls Housing Finance announced 55.38% rise in consolidated net
profit to Rs. 1,167.73 crore in the quarter ended Dec 2017as a gainst net
profit of Rs 751.49 crore in the corresponding quarter of the previous
fiscal.
MarketsforYou
• Asian markets mostly traded up after the U.S. Senate voted to end the
government shutdown and subsequently passed a bill to fund the
government. Additionally, the Bank of Japan kept the monetary policy
unchanged and kept its inflation and growth assessment unchanged.
Today(AsofJan24),Asianmarketsopenedonamixednoteasinvestors
focused on quarterly earnings releases. Both Nikkei and Hang Seng were
trading lower 0.38% and 0.27%, respectively (8 a.m. IST).
• As per the last close, European market mostly finished with small gains
as investors reacted to the Dec 2017 quarterly results of some companies
andontheendofathree‐day government shutdown in the U.S.
Meanwhile, the Bank of Japan also kept its massive monetary stimulus
program unchanged, helping ease worries that it might shift toward a
tighter policy.
• As per the last close, U.S market mostly gained as U.S. lawmakers voted
to move forward on a deal to end federal government shutdown, passing
a temporary bill f unding the government until F e b 8, 2018. Better than
expected Dec 2017 quarterly earning added to the upside.
• Indian equity ma rkets soared with the benchmark indices Sensex and
Nifty 50 surpassing the coveted the 36000‐ and 11000‐mark, respectively.
Investor sentiment improved after a report from the International
Monetary Fund (IMF) s howed t hat I ndia could regain the t itle as the
world’s fastest growing major economy in 2018‐19. IMF has also revised
its forecast for world economic growth upward and said that it expects a
strong Indian economy to offset decelerating growth in China.
• Buying interest found additional support after the U.S. Congress
brought an end to a three‐day government shutdown as Senate
Democrats adopted a short‐term spending bill to fund government
operations.
• Key benchmark indices S&P BSE Sensex and Nifty 50 rose 0.96% and
1.07% to close at 36,139.98 and 11,083. 70, respectively. S&P BSE Mid‐
Cap and S&P BSE Small‐Cap rose 1.13% and 0.22%, respectively.
• The overall market breadth on BSE was weak with 1,578 scrips declining
and 1,348 scrips advancing. A total of 138 scrips remained unchanged.
FIIDerivativeTradeStatistics 23‐Jan
(RsCr) Buy Sell OpenInt.
IndexFutures 4603.94 6408.31 25913.49
IndexOptions 61227.98 64739.03 90028.85
StockFutures 21715.08 20638.07 75716.35
StockOptions 13600.14 13370.42 9872.60
Total 101147.14 105155.83 201531.29
23‐Jan Prev_Day Change
PutCallRatio(OI) 1.89 1.79 0.10
IndianDebtMarket
PutCallRatio(Vol) 1.10 1.17 ‐0.07
23‐Jan Wk.Ago Mth.Ago YearAgo
CallRate 5.89% 5.88% 5.97% 5.96%
CBLO 6.00% 5.93% 5.71% 5.98%
Repo 6.00% 6.00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 5.75%
91DayT‐Bill 6.32% 6.27% 6.18% 6.22%
364DayT‐Bill 6.46% 6.53% 6.37% 6.16%
10YearGilt 7.41% 7.55% 7.27% 6.45%
G‐SecVol.(Rs.Cr) 51143 27684 38674 30220
CurrencyMarketUpdate
1MonthCPRate 6.89% 6.89% 6.89% 6.75%
3MonthCPRate 7.58% 7.48% 7.03% 7.08%
5YearCorpBond 7.78% 7.80% 7.62% 7.10%
1MonthCDRate 6.25% 6.23% 6.35% 6.21%
3MonthCDRate 7.16% 6.96% 6.45% 6.41%
1YearCDRate 7.44% 7.23% 6.90% 6.56%
CommodityMarketUpdate
Currency 23‐Jan Prev_Day Change
USD/INR 63.77 63.89 ‐0.12
GBP/INR 89.20 88.60 0.61
EURO/INR 78.22 78.12 0. 09
InternationalNews
JPY/INR 0.58 0.58 0.00
Commodity 23 ‐Jan WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 64.40 63.77 58.24 52.72
BrentCrude($/bl) 70.05 69.64 64.95 54.64
Gold($/oz) 1341 1339 1275 1217
Gold(Rs./10gm) 30058 30056 28686 29259
Source:ICRONResearch
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
24January2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yields fell after the government stated that it will sell lower than
scheduled amount of debt at the auction this week. Meanwhile, the
bond sentiment has improved since last week after the government
lowered its additional borrowing for FY18.
• Yield on the existing 10‐year benchmark paper (6.79% GS 2027) fell 5
bps to close at 7.41% as against previous session’s close of 7.46%.
•Yieldonthenew10‐year benchmark paper (7.17% GS 2028) fell 1 bps
to close at 7.25% as against previous session close of 7.26%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 13,572 crore (gross) on Jan 2 3 compared with
Rs. 11,722 crore on Jan 22. Sale of sec u rities under the Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 6,907 crore on Jan 22.
• The International Monetary Fund (IMF) upgraded its global growth
expectation for 2018 and 2019, reflecting acceleration in global
economic activity and the impact of U.S. tax policy changes. Global
output is expected to grow by 3.9% for both 2018 and 2019 as against
previous expectation of 3.7%.
• The ZEW indicator of economic sentiment in Germany grew 3 points to
20.4 in Jan 2018, thereby marking an ei ght‐month high. The assessment
of the current economic situation also improved in Jan and the
corresponding index surged 5.9 points to 95.2 points.
MarketsforYou
• Nifty Jan 2018 Futures were at 11,085.45, a p remium of 1.75 poi nts
above the spot closing of 11,083. 70. The turnover on NSE’s Futures and
Options segment went up from Rs. 7,31,631.19 crore on Jan 22 to Rs.
9,98,933.13 crore on Jan 23.
•ThePut‐Call ratio closed at 0.93 against the previous session’s close of
0.91.
• The Nifty Put‐Call ratio stood at 1.89 against previous session’s close of
1.79.
• Open interest on Nifty Futures stood at 36.14 million as against the
previous session’s close of 34.2296 million.
• The Indian rupee strengthened amid gains in domestic equity market
and greenback sales. However, gains were slightly capped amid highe
r
crude oil prices that drove inflation concerns. The rupee gained 0.15% to
close at 63.77 per dollar from the previous close of 63.87.
• The euro weakened against the U.S. dollar as the latter gained amid
reports that a deal to temporarily end the U.S. government shutdown was
made. Euro fell 0.18% and was trading at $1.2238, down from the
previous close of 1.2260.
• Gold prices inched up as investors remained cautious of rate decision b
y
the European Central Bank (ECB).
• Brent crude prices inched down ahead of the weekly data from the U.S.
on stockpiles of crude and refined products.
Thank you for
your time.