31Jan2018
MarketsforYou
GlobalIndices
GlobalIndices 30‐Jan Prev_Day Abs.Change
%Change
#
DowJones 26,077 26,439 ‐363 ‐1.37
Nasdaq 7,402 7,467 ‐64 ‐0.86
FTSE 7,588 7,672 ‐84 ‐1.09
Nikkei 23,292 23,629 ‐337 ‐1.43
HangSeng 32,607 32,967 ‐360 ‐1.09
IndianIndices 30‐Jan Prev_Day Abs.Change
%Change
#
S&PBSESensex 36,034 36,283 ‐250 ‐0.69
Nifty50 11,050 11,130 ‐81 ‐0.73
Nifty100 11,425 11,505 ‐81 ‐0.70
NiftyBank 27,269 27,498 ‐229 ‐0.83
SGXNifty 11,058 10,940 118 1.08
S&PBSEPower 2,328 2,330 ‐2 ‐0.11
S&PBSESmallCap 18,874 19,129 ‐256 ‐1.34
S&PBSEHC 14,800 14,891 ‐91 ‐0.61
Date P/E Div.Yield P/E Div.Yield
30‐Jan 26.15 1.08 27.51 1. 03
MonthAgo 25.22 1.12 26.92 1. 08
YearAgo 21.76 1.42 22.98 1. 28
Nifty50Top3Gainers
Company 30‐Jan Prev_Day
%Change
#
HPCL 393 375 4.76
IndianOil 416 400 4.15
BPCL 486 470 3.36
Nifty50Top3Losers DomesticNews
Company 30‐Jan Prev_Day
%Change
#
EicherMotors 26689 27454 ‐2.78
BhartiInfratel 344 353 ‐2.53
KotakBank 1088 1115 ‐2.43
AdvanceDeclineRatio
BSE NSE
Advances 748 418
Declines 2097 1387
Unchanged 147 49
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 13749
MFFlows** 5003
*30
th
Jan2018;**25
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)
31January2018
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
‐8
644
3.14%
(Sep‐17)
• The Securities and Exchange Board of India (SEBI) has unveiled online
mechanisms for depositories and stock exchanges for ease of doing
business. The new system will help these entities in completing
registration and other regulatory filings with SEBI in a much faster and
cost‐effective manner. Also, SEBI stated th at all applicants who want to
seek registration as a depository and stock exchange and to renew licence
will have to submit their applications online.
• According to the Economic Survey 2017‐18, apart from geopolitical and
geo‐economic risks, main risks in advanced economies on the macro‐
finance front arise from three inter‐related sources like asset valuations,
interest rates and bond and equity prices. As per the report from the
survey, the finance minister has stated that asset valuations have a
greater risk of sharp corrections, the faster and higher they climb in the
economic cycle.
• As p er the Economic Survey 2017‐18, investment slowdowns are more
unfavourable to growth than slowdown in savings. As per the survey
reports, this calls for an immediate focus on reviving investment in the
economy. The survey warned that India's current investment/saving
slowdown occurrence has been lengthy compared to other cases. The
gross fixed capital formation grew from 26.5% in 2003 to a peak of 35.6%
in 2007. However, it p lunged to 26.4% in 2017. Meanwhile, the ratio of
domestic saving to gross domestic product grew from 29.2% in 2003 to
38.3% in 2007, before declining to 29% in 2016.
• Indian Oil Corporation posted 97% r ise in its net profit to Rs. 78.83
billion i n the quarter ended Dec 2017 from Rs. 39.95 billion in Dec 2016.
Average gross refining margin rose to $8.28 per barrel in Apr‐Dec 2017
from $7.36 per barrel in the year‐ago period.
• Piramal Enterprises posted rise in consolidated net profit by 21.37% YoY
to Rs. 4.90 billion in quarter ended Dec 2017 from Rs. 4.04 billio n in
quarter ended Dec 2016. The increase in profit was due to robust
performance in financial services and pharmaceutical verticals.
MarketsforYou
•AsianmarketsslippedamidweakcuesfromWallStreetfollowing
concerns over higher inflation and a rise in real interest rates. Japanese
market remained muted following mixed series of economic data.
Greater China markets also traded lower following profit booking. To day
(As of Jan 31), Asian markets opened slightly lower despite steep decli n e
on the Wall Street overnight. Both Nikkei and Hang Seng were trading
lower 0.07% and 0.05%, respectively (8 a.m. IST).
• As per the last close, European market remained firmly in the negative
territory led by fall in bank and energy stocks. Energy stocks fell following
decline in crude oil prices. Share prices of exporting companies were also
under pressure following weak dollar against the euro and the pound.
The rising value of the European currency is negative for exporters.
• As per the l ast close, U.S market dropped as market participants book
profits after the recent gains in the market and ahead of the U.S. Federal
Reserve policy meeting announcement on Wednesday. However, energy
stocks fell due to drop in crude oil prices.
• Indian equity markets ended in the red amid profit bookings. Also,
investors preferred to remain on the sidelines ahead of the Union Budget
FY19 that is scheduled on Feb 1, 2018 and the U.S. Federal Reserve’s two‐
day monetary policy meeting later this week. Also, weak Asian and
European markets weighed on market sentiment.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.69% and
0.73% to close at 36,033.73 and 11,049.65, respectively. S&P BSE Mid‐
Cap and S&P BSE Small‐Cap fell 0.67% and 1.34%, respectively.
• The overall market breadth on BSE was weak with 2,046 scrips declining
and 800 scrips advancing. A total of 146 scrips remained unchanged.
• On the BSE sectoral front, barring S&P BSE Oil & Gas that rose 1.16%, all
others closed in the red. The losers comprised S&P BSE Consumer
Durables, down 1.74%, followed by S&P BSE basic Materials (‐1.22%), S&P
BSE Consumer Discretionary Goods & Services (‐1.10%) and S&P BSE
Information Technology (‐1.07%).
FIIDerivativeTradeStatistics 30‐Jan
(RsCr) Buy Sell OpenInt.
IndexFutures 2033.14 2250.52 17083.22
IndexOptions 33480.89 32424.08 59535.79
StockFutures 9975.87 8966.72 77386.44
StockOptions 6521.23 6525.03 2468.63
Total 52011.13 50166.35 156474.08
30‐Jan Prev_Day Change
PutCallRatio(OI) 1.37 1.44 ‐0.07
IndianDebtMarket
PutCallRatio(Vol) 1.00 1.06 ‐0.06
30‐Jan Wk.Ago Mth.Ago YearAgo
CallRate 5.88% 5.89% 6.10% 6.00%
CBLO 5.85% 6.00% 6.05% 6.20%
Repo 6.00% 6.00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 5.75%
91DayT‐Bill 6.40% 6.32% 6.14% 6.17%
364DayT‐Bill 6.53% 6.46% 6.26% 6.16%
10YearGilt 7.60% 7.41% 7.33% 6.40%
G‐SecVol.(Rs.Cr) 32937 51143 45921 46210
CurrencyMarketUpdate
1MonthCPRate 6.93% 6.89% 6.86% 6.72%
3MonthCPRate 7.78% 7.58% 7.06% 7.05%
5YearCorpBond 7.82% 7.78% 7.68% 7.08%
1MonthCDRate 6.27% 6.25% 6.34% 6.23%
3MonthCDRate 7.22% 7.16% 6.33% 6.43%
1YearCDRate 7.47% 7.44% 6.98% 6.55%
CommodityMarketUpdate
Currency 30‐Jan Prev_Day Change
USD/INR 63.75 63.55 0.21
GBP/INR 89.39 89.82 ‐0.44
EURO/INR 78.75 78.87 ‐0.11
InternationalNews
JPY/INR 0.59 0.58 0.00
Commodity 30 ‐Jan WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 64.59 64.40 60.41 52.58
BrentCrude($/bl) 67.46 70.05 67.07 54.81
Gold($/oz) 1338 1341 1302 1195
Gold(Rs./10gm) 30305 30058 29252 28820
Source:ICRONResearch
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
31January2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yields fell marginally as investors preferred to remain on the
sidelines ahead of the Union Budget that is scheduled on Feb 1.
•Yieldonthe10‐y ear benchmark paper (7.17% GS 2028) fell 1 bps to
close at 7.43% as against previous session’s close of 7.44%. During the
session, bond yields traded in the range of 7.41% and 7.48%.
• Yield on the old 10‐year benchmark paper (6.79% GS 2027) fell 2 bps to
close at 7.60% as against previous session’s close of 7.62%. During the
session, bond yields traded in the range of 7.57% and 7.66%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 2,600 crore (gross) on Jan 30 compared with
Rs. 2,620 crore on Jan 29. Sale of securities under Reserve Bank of India’s
(RBI) reverse repo window stood at Rs. 14,885 crore on Jan 29.
• A report from the Commerce Department showed that U.S. personal
income grew 0.4% in Dec 2017 as against a gain of 0.3% in Nov 2017.
Disposable personal income increased 0.3% in Dec and remained
unchanged from Nov. Meanwhile, personal spending grew 0.4% in Dec
as against a gain of 0.8% in Nov.
• A report from the European Commission showed that euro zone’s
economic confidence index missed market expectations and fell to 114.7
in Jan 2018 as against revised score of 115.3 in D ec 2017. The soft
sentiment reflects lower confidence in services and retail trade.
Meanwhile, industrial confidence held steady at 8.8 due to managers'
more optimistic views on the current level of overall order books that
was offset by their worsening assessment of stocks of finished products.
MarketsforYou
• Nifty Feb 2018 Fu t ures were a t 11,072. 10 points, a premium of 22.45
points above the spot closing of 11,049.65. The turnover on NSE’s Futures
and Options segment went up from Rs. 3,19,544.84 crore on Jan 29 to Rs.
3,52,935.77 crore on Jan 30.
•ThePut‐Call ratio stood at 0.83 against p revious session’s close of 0.84.
• The Nifty Put‐Call ratio stood at 1.37 against previous session’s close of
1.44.
• India VIX moved down 8.23% to 16.4150 from 17.8875 in the previous
trading session.
• Open interest on Nifty Futures stood at 26.66 million as against the
previous session’s close of 26.49 million.
• The Indian rupee weakened slightly as investors preferred to remain on
the sidelines ahead of the Union Budget that is scheduled on Feb 1 and
the U.S. Federal Reserve’s monetary policy meeting later this week. The
rupee slightly fell 0.04% to close at 63.60 per dollar from the previous
close of 63.57 per dollar.
• The euro strengthened as euro zone’s economic growth for the fourth
quarter 2017 came in line with market expectations. E uro grew 0.35% and
was trading at $1.2424, up from the previous close of 1.2381.
• Gold prices traded higher because of growing safe haven appeal of the
bullion as investors remained on the sidelines ahead of the U.S. Federal
Reserve meeting, scheduled later during the week.
• Brent crude prices remained under pressure as investors remained on
the sidelines ahead of the weekly U.S. stockpile data.
Thank you for
your time.