07 Mar 2018
Markets for You
Global Indices
Global Indices 06-Mar Prev_Day Abs. Change
% Change
#
Dow Jones 24,884 24,875 9 0.04
Nasdaq 7,372 7,331 41 0.56
FTSE 7,147 7,116 31 0.43
Nikkei 21,418 21,042 376 1.79
Hang Seng 30,511 29,886 624 2.09
Indian Indices 06-Mar Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 33,317 33,747 -430 -1.27
Nifty 50 10,249 10,359 -110 -1.06
Nifty 100 10,603 10,715 -112 -1.04
Nifty Bank 24,448 24,819 -370 -1.49
SGX Nifty 10,245 10,363 -119 -1.14
S&P BSE Power 2,171 2,196 -24 -1.11
S&P BSE Small Cap 17,652 17,888 -236 -1.32
S&P BSE HC 13,790 13,948 -158 -1.13
Date P/E Div. Yield P/E Div. Yield
6-Mar 23.06 1.18 25.02 1.21
Month Ago 24.09 1.14 25.37 1.08
Year Ago 22.10 1.41 23.27 1.24
Nifty 50 Top 3 Gainers
Company 06-Mar Prev_Day
% Change
#
BPCL 445 434 2.51
Zee Entertainment 560 552 1.39
Ultratech Cem 4150 4095 1.34
Nifty 50 Top 3 Losers Domestic News
Company 06-Mar Prev_Day
% Change
#
Sun Pharma 532 549 -3.06
ICICI Bank 295 303 -2.74
M&M 720 740 -2.66
Advance Decline Ratio
BSE NSE
Advances 649 359
Declines 2059 1437
Unchanged 147 61
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 1105
MF Flows** 22284
*6
th
Mar 2018; **26
th
Feb 2018
Economic Indicator
YoY(%) Current Year Ago
WPI
2.84%
(Jan-18)
4.26%
(Jan-17)
IIP
7.10%
(Dec-17)
1.90%
(Dec-16)
GDP
7.20%
(Dec-17)
6.80%
(Dec-16)
07 March 2018
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI
from 2010 to 2012
Indian Equity Market
Indices Performance
P/E Dividend Yield
Sensex
Nifty
4.10%
(Sep-17)
6.50%
(Sep-17)
Quarter Ago
Inflow/Outflow
1673
-344
3.68%
(Oct-17)
• Indian equity markets closed in the red amid weakness in banking
stocks. Banking stocks continued to remain under pressure as chiefs of
two major private banks were investigated by Serious Fraud Investigation
Office, seeking explanation over loans given to one of the largest branded
jewellery retailers in connection with a public sector bank fraud case.
• However, positive cues from Asian markets amid easing concerns over
U.S. President’s plan to impose tariffs on steel and aluminium imports
supported buying interest.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 1.27% and
1.06% to close at 33,317.20 and 10,249.25, respectively. S&P BSE Mid-Cap
and S&P BSE Small-Cap fell 0.84% and 1.32%, respectively.
• On the BSE sectoral front, S&P BSE Realty was the top loser, down
2.21%, followed by S&P BSE Telecom and S&P BSE Bankex which fell
1.68% and 1.44%, respectively. S&P BSE Auto and S&P BSE Finance fell
1.36% and 1.35%, respectively. Among the gainers, S&P BSE Consumer
Durables was the only gainer, up 0.1%.
• The Reserve Bank of India announced that it will inject Rs. 1 lakh crore
short term money into the banking system ahead of end of financial year
that normally sees cash crunch. The move is likely to keep short term
rates under check benefiting borrowing companies. The central bank will
use a combination of appropriate instruments for such fund infusion,
while continuing with its normal liquidity adjustment facility (LAF)
operations. RBI will conduct four variable repo operations of Rs. 25,000
crore each beginning March 6, 2018.
• According to a major credit rating agency, economy will grow up to 7.5%
in FY19 driven by domestic consumption, policy push, and synchronised
global growth. Meanwhile, the agency expects GDP growth of 6.5% in
FY18.
• According to the media reports, as proposed in the budget for 2018-19,
the government may go slow on allowing employers across sectors to
recruit workers on fixed-term contracts for all kinds of jobs. The measure
comes on the wake of enhancing ease of doing business.
• According to media reports, JSW Energy has acquired JSW Electric
Vehicles Private Ltd. According to JSW Energy, the acquisition of JSW
Electric Vehicles is part of its diversification strategy to make foray into
the segment of electric vehicles, energy storage systems and charging
infrastructure.
• According to media reports, Jubilant FoodWorks has entered into a joint
venture with Golden Harvest QSR, a part of the diversified Golden Harvest
group that has interests across food, dairy, logistics and commodities, to
launch Domino’s Pizza in Bangladesh.
• According to media reports, ONGC Videsh Ltd., the overseas arm of
state-owned oil and natural gas company has signed an agreement with
Iran's IDRO Oil to jointly bid for a $1 billion contract for development of
Susangerd oil field in southern Iran.
• According to media reports, Microsoft has entered the first renewable
energy deal in India for powering its new facility in Bengaluru.
Markets for You
• Most of the Asian markets traded in the green on easing concerns of
global trade war after the U.S. political parties asked the U.S. President to
reconsider his decision of imposing tariffs on steel and aluminum imports.
Chinese market also gained on news that the Chinese securities regulator
might allow the investors to access offshore-listed tech companies via
depositary receipts. Today (As of Mar 7), Asian markets opened lower as
risk appetite was dampened by news that a U.S. President’s economic
advisor would be leaving the administration. Both Nikkei and Hang Seng
were trading down 0.26% and 0.27% (as at 8.a.m. IST).
• As per the last close, European market ended higher as worries over
global trade war and political uncertainty in Italy eased.
• As per the last close, U.S markets ended higher amid easing geopolitical
concerns following reports that North Korea is willing to talk about
denuclearization. However, ongoing debate over tariffs on steel and
aluminum imports restricted the gains.
FII Derivative Trade Statistics 06-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 2364.17 3852.02 14182.26
Index Options 59540.12 58166.36 61281.93
Stock Futures 7937.25 8409.97 74476.52
Stock Options 5632.50 5559.62 4559.58
Total 75474.04 75987.97 154500.29
06-Mar Prev_Day
Change
Put Call Ratio (OI) 1.14 1.22 -0.08
Indian Debt Market
Put Call Ratio(Vol) 0.83 0.84 -0.01
06-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 5.87% 5.93% 5.86% 5.94%
CBLO 5.75% 5.89% 5.82% 5.66%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.28% 6.26% 6.37% 5.90%
364 Day T-Bill 6.63% 6.50% 6.55% 6.20%
10 Year Gilt 7.77% 7.67% 7.57% 6.87%
G-Sec Vol. (Rs.Cr) 18140 24462 30961 22693
Currency Market Update
1 Month CP Rate 7.85% 6.89% 6.93% 6.61%
3 Month CP Rate 7.93% 7.90% 7.79% 6.80%
5 Year Corp Bond 8.15% 8.00% 7.92% 7.55%
1 Month CD Rate 7.23% 6.24% 6.24% 6.21%
3 Month CD Rate 7.24% 7.25% 7.24% 6.30%
1 Year CD Rate 7.56% 7.56% 7.52% 6.66%
Commodity Market Update
Currency 06-Mar Prev_Day
Change
USD/INR 64.99 65.05 -0.06
GBP/INR 89.91 89.70 0.21
EURO/INR 80.21 80.03 0.17
International News
JPY/INR 0.61 0.62 0.00
Commodity 06-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 62.53 62.93 63.46 53.14
Brent Crude($/bl) 66.46 68.23 66.43 54.52
Gold( $/oz) 1334 1318 1325 1226
Gold(Rs./10 gm) 30438 30496 30433 29176
Source: ICRON Research
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
07 March 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Mar 2018 Futures were at 10248.55 points, a discount of 0.70
points, over the spot closing of 10,249.25. The turnover on NSE’s Futures
and Options segment went up from Rs. 4,77,603.56 crore on Mar 5 to
Rs. 7,15,138.13 crore on Mar 6.
• The Put-Call ratio stood at 0.85 against previous session’s close of 0.77.
• The Nifty Put-Call ratio stood at 1.14 against previous session’s close of
1.22.
• Open interest on Nifty Futures stood at 26.15 million as against the
previous session’s close of 24.80 million.
• Bond yields fell on expectations that the latest measures taken by the
Reserve Bank of India (RBI) to improve liquidity in the banking system
would boost fund inflows into the domestic debt market. However,
gains were capped following the auction of state development loans of
sixteen state governments which led to supply of debt securities.
• Yield on the 10-year benchmark paper (7.17% GS 2028) inched down 1
bps to close at 7.77% as against previous session’s close of 7.78%. During
the session, bond yields traded in the range of 7.75% and 7.79%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,600 crore (gross) on Mar 6 compared with
Rs. 3,640 crore on Mar 5. Sale of securities under Reserve Bank of India’s
(RBI) reverse repo window stood at Rs. 28,484 crore on Mar 5.
• The Indian rupee rose against the greenback for the second
consecutive session following positive cues from global equity markets
as concerns of a trade war triggered by U.S. President’s proposed steel
and aluminum import tariffs eased to some extent.
• The euro rose against the greenback as investor risk sentiment was
boosted following a historic agreement between North and South Korea
on direct talks.
• Gold prices traded higher amid uncertainty over potential U.S. tariffs
on steel and aluminum imports.
• Brent crude prices traded higher as International Energy Agency stated
that global oil demand was expected to grow in the next five years.
• A report from the Organization for Economic Cooperation and
Development (OECD) showed that annual inflation in the OECD area
eased to 2.2% in Jan 2018 as against 2.3% in Dec 2017. This marked the
second consecutive month of slowdown. The slight fall reflects
slowdown in growth of energy prices from 6.2% to 4.7%. Core inflation
(excluding food and energy) also eased slightly to 1.8% in Jan from 1.9%
in Dec.
• According to a latest report by the Institute for Supply Management,
U.S. service sector activity grew at a slightly slower pace to 59.5 in Feb
2018 as compared with 59.9 in Jan 2018. The slight decrease was due to
a slowdown in the pace of job growth and prices index. However, new
orders and business activity witnessed growth.
Markets for You
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