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Daily Updates
Thu,19 Jan 2017

  • Straits Times index closed lower on Wednesday following weakness in banking stocks.
  • Nikkei index ended higher on Wednesday on bargain buying and as a rally in the yen stalled.
  • Hang Seng index rose sharply on Wednesday as a strong yuan eased concerns about the world's second largest economy and outflows from the mainland.
  • FTSE index ended higher on Wednesday led by gains in shares of consumer goods and basic material firms.
  • Dow Jones fell slightly on Wednesday on the back of a decline in shares of UnitedHealth and Goldman Sachs.

Global Indices

Jan 18

1D % Chg

1M % Chg

3M % Chg

DJIA

19805

-0.11

-0.19

9.05

Nikkei 225

18894

0.43

-2.61

11.38

Straits Times

3000

-0.42

2.12

5.99

Hang Seng

23098

1.13

4.89

-1.27

FTSE 100

7248

0.38

3.37

3.54

  • Domestic equity indices ended marginally higher on Wednesday, closing off their intraday high, as gains in metal and banking stocks were offset by losses in the telecom and energy counters.
  • Sentiments also remained cautious ahead of the swearing-in of the US President-elect Donald Trump on Jan 20.
  • Metal stocks rallied buoyed by a rise in global base metal prices – Hindalco and Tata Steel rose 3.5% and 3.1%, respectively.
  • Cement stocks too witnessed buying spree mainly driven by bargain buying; with UltraTech Cement (the top Nifty gainer), Ambuja Cements and ACC, adding 1.6-3.6%.

Indian Indices

Jan 18

1D % Chg

1M % Chg

Trailing PE

S&P BSE Sensex

27258

0.08

2.90

21.30

NIFTY 50

8417

0.23

3.41

22.39

Advance Decline Ratio

BSE

NSE

Advances

1507

904

Declines

1257

705

Unchanged

161

88

Rs. Cr (Equity)

FII Inv

Jan 17

MF Inv

Jan 17

DII Inv

Jan 18

Buy

3471.58

NA

2646.47

Sell

3285.84

NA

2401.44

Net

185.74

NA

245.03

YTD 2016

-3385.71

2884.20*

2348.38

* Data as of Jan 13

Derivative Statistics- Nifty

Jan 18

Jan 17

Change

Near Futures

8429.35

8408.50

20.85

Near Basis

12.35

10.50

1.85

Near OI (Mn)

20.56

19.69

0.88

Put/ Call (OI)

1.25

1.26

-0.01

Turnover (mn)

81248

66688

14560

Rollover OI %

10.39

10.39

0.00

India VIX%

15.18

15.39

-0.21

OI= Open Interest

  • The call money ended at 5.80% on Wednesday, flat compared to Tuesday as reversals of reverse repo auctions brought funds into the banking system.
  • The RBI conducted three reverse repo auctions of overnight, 5 day, and 14 day durations for a total notified Rs 90,000 cr.
  • Government bond prices fell on Wednesday because of concern that foreign investors' appetite for Indian debt might decline if the government doesn't continue with the concessional rate of withholding tax for interest earned on debt instruments beyond June 30.
  • Market players trimmed their positions ahead of US President Elect Donald Trump's swearing-in ceremony.
  • The 10-year benchmark 6.97%, 2026 bond ended at 6.45% yield on Wednesday as against 6.42% yield on Tuesday.

Debt Market Indicators

Call Rate

5.80%

10 Yr Gilt

6.45%

3-mth CP rate

7.19%

5 yr Corp Bond

7.04%

G-sec Volume (Rs Cr)

40065

Currencies Vs INR (Closing)

 

Jan 18

Jan 17

USD

68.08

67.95

GBP

83.84

82.46

Euro

72.60

72.50

100 Yen

59.97

59.98

Commodity Prices

Jan 18

Week Ago

Month Ago

Year Ago

Crude  ($/bbl)*

51.08

52.25

51.90

29.42

Gold (Rs/10 gm)#

29240

28700

27350

26100

Silver (Rs/1 Kg)#

41382

40838

39105

33586

*NYMEX crude prices; # NCDEX spot prices

  • According to a UN report, India is one of the most "dynamic emerging economies" and is likely to grow at 7.7% this year on strong private demand and government reforms but excluding the effect of demonetisation.
  • S&P global Ratings says strong domestic demand and cost competitiveness in exports will help Indian companies to overcome uncertainties from global geopolitical changes and domestic policy-making.
  • Union Cabinet approves giving a one-time loan of Rs 45000 cr from the National Small Savings Fund (NSSF) to the Food Corporation of India (FCI).
  • Union Cabinet approves a modified special incentive package meant to boost electronics manufacturing by cutting down the application window by about one and a half year to December 31, 2018, and capping the outflow at Rs 10000 cr.
  • The Cabinet gives ex-post facto approval to a package for supporting Micro and Small Enterprises (MSEs).
  • The Cabinet approves the introduction of a Bill to repeal redundant and obsolete Central acts besides several other MoUs with countries including United Arab Emirates.
  • Government approves proposals for listing of five public sector general insurance companies as was announced in the Budget 2016-17.
  • Central Board of Direct Taxes says only undisclosed income in domestic bank accounts, post offices or stashed elsewhere will be accepted under the Pradhan Mantri Garib Kalyan Yojana (PMGKY).
  • RIL announces signing of a joint venture agreement with Russian petrochemical company SIBUR to set up South Asia’s first butyl rubber halogenation unit at RIL’s integrated petrochemical site in Jamnagar, Gujarat.
  • Tata Realty to invest in Rs 5900 cr Swan LNG project.
  • Warburg Pincus acquires about 14% stake through its affiliates in PVR Cinemas for about Rs 820 cr.
  • IL&FS is in talks to merge its wind energy assets with Orient Green Power in an all-stock reverse merger.
  • Saama Capital makes a final close for its third fund at $58 mn.
  • Aion Capital Partners is in talks with the promoters of Uttam Galva and their lenders to work out a restructuring package.
  • US Housing Starts & Building Permits, December.
  • US Philadelphia Fed Business Outlook, January.
  • US Initial Jobless Claims, January 14.
  • European Central Bank Rate Decision.
  • UK RICS House Price Balance, December.

Source :Crisil Research

Disclaimer

CRISIL Research, a division of CRISIL Limited (CRISIL) has taken due care and caution in preparing this Report based on the information obtained by CRISIL from sources which it considers reliable (Data). However, CRISIL does not guarantee the accuracy, adequacy or completeness of the Data / Report and is not responsible for any errors or omissions or for the results obtained from the use of Data / Report. This Report is not a recommendation to invest / disinvest in any company covered in the Report. CRISILespecially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of this Report. CRISIL Research operates independently of, and does not have access to information obtained by CRISIL’s Ratings Division / CRISIL Risk and Infrastructure Solutions Limited (CRIS), which may, in their regular operations, obtain information of a confidential nature. The views expressed in this Report are that of CRISIL Research and not of CRISIL’s Ratings Division / CRIS. No part of this Report may be published / reproduced in any form without CRISIL’s prior written approval.

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