25Jan2018
MarketsforYou
GlobalIndices
GlobalIndices 24‐Jan Prev_Day Abs.Change
%Change
#
DowJones 26,252 26,211 41 0.16
Nasdaq 7,415 7,460 ‐45 ‐0.61
FTSE 7,643 7,732 ‐88 ‐1.14
Nikkei 23,941 24,124 ‐183 ‐0.76
HangSeng 32,959 32,931 28 0.08
IndianIndices 24‐Jan Prev_Day Abs.Change
%Change
#
S&PBSESensex 36,162 36,140 22 0.06
Nifty50 11,086 11,084 2 0.02
Nifty100 11,497 11,507 ‐9 ‐0.08
NiftyBank 27,399 27,391 8 0.03
SGXNifty 11,078 11,063 16 0.14
S&PBSEPower 2,374 2,381 ‐6 ‐0.27
S&PBSESmallCap 19,475 19,651 ‐176 ‐0.90
S&PBSEHC 15,143 15,107 36 0.24
Date P/E Div.Yield P/E Div.Yield
24‐Jan 26.34 1.07 27.66 1. 02
MonthAgo 25.03 1.13 26.86 1. 08
YearAgo 21.36 1.43 22.64 1. 30
Nifty50Top3Gainers
Company 24‐Jan Prev_Day
%Change
#
SBI 330 318 3.71
GAIL 485 471 3.01
TechMahindra 603 588 2.53
Nifty50Top3Losers DomesticNews
Company 24‐Jan Prev_Day
%Change
#
BhartiAirrtel 460 492 ‐6.62
TataMotors 404 418 ‐3.45
ICICIBank 353 362 ‐2.64
AdvanceDeclineRatio
BSE NSE
Advances 975 542
Declines 1929 1249
Unchanged 135 65
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 10882
MFFlows** 4665
*24
th
Jan2018;**22
nd
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)
25January2018
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
‐141
2481
3.14%
(Sep‐17)
• The finance ministry has announced certain banking reforms to be
introduced soon. The government will put loans above Rs. 250 crore
under specialised monitoring to reduce the number of non‐performing
assets after the recapitalisation plan. Th e government is also planning to
limit banks with minimum 10% of exposure only to beco me a part o f the
consortium.
• The government i s set to amend the Goods and Services Tax (GST) law
to explicitly st ate that no tr ansition credit can be availed in lieu of cesses
paid under the previous tax regime. The move comes after companies
claimed hundreds of crores of rupees as transition credit in lieu of
Swachh Bharat Cess and Krishi Kalyan Cess. The government had cleared
that no transition credit would be available after implementation of the
GST regime. H owever, some companies claimed it in lack of clarity in law
to claim credit against ce sses.
• According to media reports, Indian government is deciding to set up
three more benches of the National Company Law Tribunal. This comes
with number of companies getting referred to the bankruptcy court rising
by the day. As per the reports, the new benches will be in Bhubaneswar,
Jaipur and Kochi.
• According to the survey by U.S. Green Building Council (USGBC), India
ranks third on the USGBC annual ranking of the top 10 countries for
Leadership in E nergy and Environmental Design (LEED) certified buildings.
India has more than 752 L EED‐c ertified p rojects totalling over 20.28
million gross square meters of space.
• IndiGo posted increase in net profit by 56% to Rs. 7.62 billion in th e
quarter ended Dec 2017 as against Rs. 4.87 billion in the year‐ago period.
Revenue from operations grew 24% to Rs 61.78 billion as compared to Rs.
49.86 billion in Dec 2016.
• Cadila Healthcare is exploring new areas with growth opportunities,
such as biosimilars and vaccines.
MarketsforYou
•AsianmarketstradedinmixedonoptimismaboutgrowthinChinese
economy in 2018 and improved overnight U.S. markets. However, upside
was limited as news of U.S. tariffs on some goods raised fears of a global
trade war. Additionally, weaker than expected Japanese trade data for
Dec 2017 dented sentiment. Today (As of Jan 25), Asian markets opened
on a mixed note while U.S dollar remain lower after falling in the previous
session. Both Nikkei and Hang Seng were t rading low er 0.62% and 0.41%,
respectively (8 a.m. IST).
• A s per the last close, Europ ean market fell following rally in euro and
pound currency against the U.S. dollar. Rally in both these currencies put
pressure on European exporters. Market participants remained cautious
ahead of the European Central Bank policy meeting decision on Thursday.
• As per the last close, U.S market closed mixed after starting on a
positive note. Initial rise reflected a positive reaction to the latest batch
of Dec 2017 quarterly earnings results. However, market decline on profit
booking after recent rise in the prices.
• Indian equity m arkets closed on a flat note. Consistent buying by
participants and healthy corporate results boosted the indices. Also,
surge in IT stocks added to the gains. However, gains were capped amid
profit booking by investors.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.06% and
0.02%, respectively, to close at 36,161.64 and 11,086.00, respectively.
S&P BSE Mid‐Cap and S&P BSE Small‐Cap fell 0.57% and 0.90%,
respectively.
• The overall market breadth on BSE was negative with 1,929 scrips
declining and 975 scrips advancing. A total of 135 scrips remained
unchanged.
• On the BSE sectoral front, the gainers comprised S&P BSE Information
Technology,up1.53%,followedbyS&PBSEFMCGandS&PBSETeck,
which grew 0.54% and 0.49%, respectively. S&P BSE Healthcare and S&P
BSE Oil & Gas grew 0.24% and 0.15%, respectively. The top losers were
S&P BSE Telecom, down 3.54%, followed by S&P BSE Consumer Durables
(‐2.08%), S&P BSE Metal (‐1.50%) and S&P BSE Basic Materials (‐1.36%).
FIIDerivativeTradeStatistics 24‐Jan
(RsCr) Buy Sell OpenInt.
IndexFutures 5986.95 5412.80 28528.32
IndexOptions 92529.83 93545.76 90866.46
StockFutures 29391.42 28418.65 78429.45
StockOptions 12329.71 12320.01 10229.03
Total 140237.91 139697.22 208053.26
24‐Jan Prev_Day Change
PutCallRatio(OI) 1.81 1.89 ‐0.08
IndianDebtMarket
PutCallRatio(Vol) 1.15 1.10 0.05
24‐Jan Wk.Ago Mth.Ago YearAgo
CallRate 5.90% 5.86% 5.97% 5.95%
CBLO 5.94% 5.88% 5.71% 6. 00%
Repo 6.00% 6.00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 5.75%
91DayT‐Bill 6.40% 6.36% 6.18% 6.22%
364DayT‐Bill 6.55% 6.53% 6.37% 6.17%
10YearGilt 7.44% 7.42% 7.27% 6. 44%
G‐SecVol.(Rs.Cr) 33457 57949 38674 33346
CurrencyMarketUpdate
1MonthCPRate 6.93% 6.89% 6.89% 6.76%
3MonthCPRate 7.73% 7.58% 7.03% 7.06%
5YearCorpBond 7.79% 7.73% 7.62% 7.09%
1MonthCDRate 6.25% 6.24% 6.35% 6.23%
3MonthCDRate 7.23% 6.96% 6.45% 6.41%
1YearCDRate 7.45% 7.27% 6.90% 6.54%
CommodityMarketUpdate
Currency 24‐Jan Prev_Day Change
USD/INR 63.64 63.77 ‐0.13
GBP/INR 89.32 89.20 0.12
EURO/INR 78.45 78.22 0.24
InternationalNews
JPY/INR 0.58 0.58 0.00
Commodity 24 ‐Jan WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 65.66 63.87 58. 24 52.35
BrentCrude($/bl) 70.10 69.23 64.95 54.54
Gold($/oz) 1358 1328 1275 1209
Gold(Rs./10gm) 30239 30094 28686 29259
Source:ICRONResearch
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
25January2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yields increased as market participants sold securities in the
secondary market to make room for the scheduled weekly government
borrowing ahead of the Union Budget next week.
• Yield on the existing 10‐year benchmark paper (6.79% GS 2027)
increased 3 bps to close at 7.44% as against previous session’s close of
7.41%. 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 3 bps
to close at 7.28% as against previous session close of 7.25%. During the
session, bond yields traded in the range of 7.23% and 7.28%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 2,817 crore (gross) on Jan 24 compared with
Rs. 13,572 crore on Jan 23.
• A report from the Office for National Statistics showed that U.K.’s
jobless rate came in at 4.3% i n three months to Nov 2017 as against the
same rate in three months to Aug 2017. This marked the lowest rate
since 1975. The u ne mployment rate was 4.8% in three months to Nov
2016. Meanwhile, the employment rate grew to 75.3% from 74.5% a
year ago.
• A report from the Cabinet Office showed that Japan’s leading index
grew to 108.3 in N ov 2017 as against 106.5 in Oct 2017. Though the
score came in less than initial estimations, this marked the highest score
since Jan 2014.
MarketsforYou
• Nifty Jan 2018 Futures were at 11,083.2, a discount of 2.80 points
below the spot closing of 11,086.00. Th e turnover on NSE’s Futures and
Options segment went up from Rs. 9,98,933.13 crore on Jan 23 to Rs.
10,41,404.92 crore on Jan 24.
•ThePut‐Call ratio closed at 0.92 against the previous session’s close of
0.93.
• The Nifty Put‐Call ratio stood at 1.81 against previous session’s close of
1.89.
• Open interest on Nifty Futures stood at 36.84 million as against the
previous session’s close of 36.14 million.
• The Indian rupee gained for the second straight session against the U.S.
dollar following most of the Asian counterparts. Broad weakness in
greenback was witnessed following expectations that the European
Central Bank may go for monetary tightening at its policy meeting on Jan
25.
• Euro rose for the third consecutive session against the greenback on
expectations that the European Central Bank may go for monetar
y
tightening at its policy meeting on Jan 25.
• Gold prices gained as investors remained cautious ahead of the ECB
policy meeting which will provide cues on the central bank’s economi
c
stimulus program.
• Brent c rude prices inched down after data from the API indicated that
crude inventories rose in the week ending Jan 19.
Thank you for
your time.