30Jan2018
MarketsforYou
GlobalIndices
GlobalIndices 29‐Jan Prev_Day Abs.Change
%Change
#
DowJones 26,439 26,617 ‐177 ‐0.67
Nasdaq 7,467 7,506 ‐39 ‐0.52
FTSE 7,672 7,666 6 0.08
Nikkei 23,629 23,632 ‐3 ‐0.01
HangSeng 32,967 33,154 ‐187 ‐0.56
IndianIndices 29‐Jan Prev_Day Abs.Change
%Change
#
S&PBSESensex 36,283 36,050 233 0.65
Nifty50 11,130 11,070 61 0.55
Nifty100 11,505 11,459 46 0.40
NiftyBank 27,498 27,446 53 0.19
SGXNifty 10,940 11,070 ‐130 ‐1.17
S&PBSEPower 2,330 2,348 ‐17 ‐0.74
S&PBSESmallCap 19,129 19,342 ‐213 ‐1.10
S&PBSEHC 14,891 15,029 ‐138 ‐0.92
Date P/E Div.Yield P/E Div.Yield
29‐Jan 26.38 1.07 27.71 1. 02
MonthAgo 25.22 1.12 26.92 1. 08
YearAgo 21.76 1.42 23.00 1. 28
Nifty50Top3Gainers
Company 29‐Jan Prev_Day
%Change
#
Maruti 9631 9278 3.80
EicherMotors 27454 26519 3.52
HDFCLtd. 1968 1908 3.11
Nifty50Top3Losers DomesticNews
Company 29‐Jan Prev_Day
%Change
#
Dr.Reddy 2357 2508 ‐6.01
Lupin 912 950 ‐3.94
GAIL 474 494 ‐3.93
AdvanceDeclineRatio
BSE NSE
Advances 955 548
Declines 1898 1267
Unchanged 178 49
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 13105
MFFlows** 4978
*29
th
Jan2018;**24
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)
30January2018
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
‐30
1346
3.14%
(Sep‐17)
• As part of the reform process under the Reserve Bank of India’s (RBI)
Prompt Corrective Action (PCA), the Ministry of Finance would soon
initiate a performance review of heads of Public Sector Banks (PSBs). So
far, RBI has put 12 PSBs under screener based on performance
parameters like unexpected level of high non‐performing assets (NPAs),
low capital level, low return on assets, e tc. However, performance review
of the top‐level management of all such banks would be undertaken
soon.
• According to India Ec onomic Sur vey 2018, number o f tax payers has
increased to 10.1 million as c ompared to an average of 6.2 million in the
preceding six years, post demonetisation. As per the survey, economic
growth for FY19 is expected in the range of 7% ‐7.5%, c ompared with
6.5% growth forecasted for FY18. The survey shows that the government
might meet fiscal deficit target of 3.2% for FY18. The survey also indicated
that the average retail inflation has declined to a six‐year low of 3.3% in
FY18, with the economy moving towards a more stable price regime.
• India Economic Survey 2018 indicated that pause in government’s fiscal
consolidation programme cannot be ruled out. This comes on the wake of
largely fiscal developments at the centre. The fiscal deficit for the first
eight months of FY18 reached 112% of the total for 2017, significantly up
from 89% norm (average of last 5 years) mainly due to shortfall in non‐tax
revenue.
• Housing Development Finance Corporation’s net profit grew to Rs.
5,670 crore for the third quarter ended Dec 2017, from net profit of Rs.
1,701 crore in the previous year period. The upside was driven by gains
from sale of part stake in HDFC Standard Life Insurance Ltd, after listing.
• T ech Mahindra’s consolidated net profit g rew 10.2% YoY to Rs. 9.43
billion for the third quarter ended Dec 2017, from Rs. 8.56 billion i n the
prior year period. Meanwhile, the consolidated revenue for the quarter
came in at Rs. 77.76 billion, up 2.9% from Rs . 75.57 billion in the year‐ago
period.
MarketsforYou
• Majority of the Asian markets closed on a positive note following
upbeat quarterly earning numbers from some industry majors and
steadiness in the U.S. dollar after witnessing recent weakness.
Meanwhile, C hinese markets fell as investors booked profits after recent
strong gains. Today (As of Jan 30), Asian markets opened lower following
decline on the Wall Street overnight. Both Nikkei and Hang Seng were
trading lower 0.83% and 0.29%, respectively (8 a.m. IST).
•Asperthelastclose,Europeanmarketwerelittlechangedafterarange
bound session. Market p articipants remained cautious ahead of a slew of
corporate earnings, the U.S. Federal Reserve policy meeting and jobs data
later in the week.
• As per the last close, U.S market fell as market participants book profits
after the recent gains in the market and ahead of the U.S. Federal
Reserve policy meeting and jobs data later in the week.
• Indian equity markets ended in the green a fter the Economic Survey
report showed that the economic growth would accelerate in FY19 and
would grow by 7‐7.5%, compared with 6.75% growth projected for FY18.
However, gains were capped as t he report also noted that a pause in
general government fiscal consolidation relative t o 2016‐2017 cannot be
ruled out. Meanwhile, the beginning of February d erivatives contracts
supported buying interest.
• Key benchmark indices S&P BSE Sensex and Nifty 50 rose 0.65% and
0.55% to close at 36,283.25 and 11,130.40, respectively. However, S&P
BSE Mid‐Cap and S&P BSE Small‐Cap fell 0.73% and 1.10%, respectively.
• The overall market breadth on BSE was weak with 1,898 scrips declining
and 955 scrips advancing. A total of 178 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Auto was the top gainer, up 1.6%,
followed by S&P BSE Information Technology and S&P BSE Teck, which
rose 1.16% and 0.92%, respectively. S&P BSE Consumer Durables and S&P
BSE Consumer Discretionary Goods & Services rose 0.6% and 0.56%,
respectively.
FIIDerivativeTradeStatistics 29‐Jan
(RsCr) Buy Sell OpenInt.
IndexFutures 11019.48 7074.52 15343.74
IndexOptions 132147.26 130114.43 53605.53
StockFutures 39244.64 38128.21 74988.00
StockOptions 4760.85 4394.39 108.57
Total 187172.23 179711.55 144045.84
29‐Jan Prev_Day Change
PutCallRatio(OI) 1.44 1.78 ‐0.34
IndianDebtMarket
PutCallRatio(Vol) 1.06 1.04 0.02
29‐Jan Wk.Ago Mth.Ago YearAgo
CallRate 5.89% 5.92% 6.10% 6.02%
CBLO 5.87% 5.98% 6.05% 6.16%
Repo 6.00% 6.00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 5.75%
91DayT‐Bill 6.40% 6.34% 6.14% 6.20%
364DayT‐Bill 6.51% 6.31% 6.26% 6.16%
10YearGilt 7.62% 7.46% 7.33% 6.40%
G‐SecVol.(Rs.Cr) 30262 32334 45921 60281
CurrencyMarketUpdate
1MonthCPRate 6.94% 6.89% 6.86% 6.76%
3MonthCPRate 7.79% 7.58% 7.06% 7.08%
5YearCorpBond 7.78% 7.76% 7.68% 7.13%
1MonthCDRate 6.25% 6.23% 6.34% 6.23%
3MonthCDRate 7.20% 7.15% 6.33% 6.43%
1YearCDRate 7.46% 7.41% 6.98% 6.54%
CommodityMarketUpdate
Currency 29‐Jan Prev_Day Change
USD/INR 63.55 63.50 0.05
GBP/INR 89.82 90.92 ‐1.09
EURO/INR 78.87 79. 07 ‐0.20
InternationalNews
JPY/INR 0.58 0.58 0.00
Commodity 29 ‐Jan WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 65.63 63.61 60.41 53.13
BrentCrude($/bl) 68.25 69.56 67.07 54.84
Gold($/oz) 1340 1334 1302 1191
Gold(Rs./10gm) 30223 29965 29252 28696
Source:ICRONResearch
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
30January2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yields went up drastically after the eco nomic survey showed that
Indian government’s fiscal consolidation could be kept on hold for the
current financial year.
•Yieldonthe10‐year benchmark paper (7.17% GS 2028) surged 13 bps
to close at 7.44% as against previous session’s close of 7.31%. During the
session, bond yields traded in the range of 7.29% and 7.44%.
• Yield on the old 10‐year benchmark paper (6.79% GS 2027) jumped 14
bps to close at 7.62% as against previous session’s close of 7.48%. During
the session, bond yields traded in the range of 7.46% and 7.64%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 2,620 crore (gross) on Jan 29 compared with
Rs. 2,920 crore on Jan 25. Sale of securities under Reserve Bank of India’s
(RBI) reverse repo window stood at Rs. 15,776 crore on Jan 25.
• A preliminary report from Destatis showed that Germany’s import
price index grew 1.1% YoY in Dec 2017, compared with a 2.7% gain in
Nov 2017. This marked the lowest gain since Nov 2016. Import prices
grew 0.3% MoM in Dec, while for 2017 it surged 3.8% as against a
decline of 3.1% in 2016.
• A report from the Department of Statistics showed that Singapore’s
manufactured product price index fell 0.6% YoY in Dec 2017 as against a
gain of 2.9% in Nov 2017. Meanwhile, Singapore’s producer prices grew
3.8% in the whole year 2017 as against 5.5% decline in 2016.
MarketsforYou
• Nifty Feb 2018 Futures were at 11,137.65 points, a premium of 7.25
points above the spot closing of 11,130.40. The turnover o n NSE’s Futures
and Options segment went d own from Rs. 17,50,208.42 crore on Jan 25
to Rs. 3,19,544.84 crore on Jan 29.
•ThePut‐Call ratio remained unchanged at 0.84 against the previous
session’s close.
• The Nifty Put‐Call ratio stood at 1.44 against previous session’s close of
1.78.
• Open interest on Nifty Futures stood at 26.49 million as against the
previous session’s close of 39.19 million.
• The Indian rupee was almost steady against the U.S. dollar, as market
participantsawaitedtheUnionBudgetonFeb1andaheadoftheU.S.
Federal Reserve’s two‐day policy meet that ends on Jan 31. The rupee fell
0.04% to close at 63.57 per dollar from the previous close of 63.55.
• Euro fell against the U.S. dollar following rise in the U.S. Treasury yields.
Euro was trading at $1.2372 compared with the previous close o
f
$1.2419.
• Gold prices traded lower as U.S. dollar recovered from last week’s
weakness.
• Brent c rude prices too witnessed pressure amid strength in the U.S.
dollar and as rising U.S. oil output undermined efforts led by the OPE
C
and Russia to tighten supplies..
Thank you for
your time.