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8/3/2019 Daily Report_22 Feb 2012
http://slidepdf.com/reader/full/daily-report22-feb-2012 1/3
Indices Performance
Index 22‐Feb‐12 Previous Close % Change#
Sensex 18,145 18,429 ‐1.54
Nifty 5,505 5,607 ‐1.82
CNX Midcap 7,677 7,981 ‐3.81
CNX 500 4,341 4,448 ‐2.40
BSE Smallcap 6,969 7,202 ‐3.24
Global Markets
Index 22‐Feb‐12 Previous Close % Change#
Dow Jones$ 12,966 12,950 0.12
Nasdaq$ 2,949 2,952 ‐0.11
S&P 500$ 1,362 1,361 0.07
FTSE& 5,908
5,919‐0.19
CAC& 3,452 3,448 0.13
Nifty Top 5 Gainers
Company 22‐Feb‐12 Previous Close % Change#
BPCL 624 614 1.57
TCS 1,252 1,237 1.24
SUNPHARMA 549 543 1.08
Daily Dossier
Financial Market & Economic Update
Equity Market Update
• According to the Chairman of PMEAC, domestic economy might
grow 7.1% in this fiscal (FY12) and 7.5%‐8% in the coming fiscal.
• SEBI has prescribed 'lot sizes' for shares being offered in IPO on the
SME exchange. It said that up to the price band of Rs.14, the lot size
will be 10,000 and for price band of over Rs.14 and below Rs.18, the
lot size would be 8,000 shares.
• Reserve money for the week ended February 17 stood at Rs.14,377
billion, 2.5% higher than last week.
• Fortnight money supply for week ended February 10 stood at
Rs.72,118.9 billion, 0.7% higher than last reported figure.
• BSE has launched India's first carbon efficient index on Wednesday.
According to the BSE, the index can be used to develop green
financial products including mutual funds, exchange‐traded funds
and structured products.
• Indian markets ended lower on Wednesday as investors booked
some profit after the recent sharp move.
• The NSE benchmark fell below the 5,500 level before closing down
101.80 points to 5,505.35. Meanwhile, the BSE
benchmark Sensex dropped 283.36 points to 18,145.25.
• High‐beta realty, consumer durable, metal and banking stocks paced
the declines, while IT stocks ended modestly higher.
• Selling pressure gathered momentum in blue‐chip led by Reliance
22 February 2012
.
INFY 2,952 2,938 0.48
Nifty Top
5 Losers
Company 22‐Feb‐12 Previous Close % Change#
RCOM 98 107 ‐8.71
SBIN 2,255 2,452 ‐8.05
DLF 238 258 ‐7.72
STER 120 128 ‐6.82
JPASSOCIAT 80 85 ‐5.77
Trading Turnover
Description 22‐Feb‐12 Change % Change#
NSE 18,502 2,623 16.52
BSE 3,853 315 8.90
Index Fut 24,699 5,413 28.07
Stock Fut 43,918 7,862 21.81
Index Opt 147,923 55,549 60.14
Stock Opt 7,873 2,109 36.58
F&O Total 224,413 70,933 46.22
Institutional Flows (Equity)
Description (INR Cr) Purchases Sales Net
FII Flows* 4,094 2,599 1495
MF Flows* 634 972 ‐338
* 21th
February 2012 , $ as on previous day,
&as at 1800 hrs
# % change is the change over the previous days close
Derivatives Market
• According to the Chairman of PMEAC, domestic economy might
grow 7.1% in this fiscal (FY12) and 7.5%‐8% in the coming fiscal.
• SEBI has prescribed 'lot sizes' for shares being offered in IPO on the
SME exchange. It said that up to the price band of Rs.14, the lot size
will be 10,000 and for price band of over Rs.14 and below Rs.18, the
lot size would be 8,000 shares.
• Reserve money for the week ended February 17 stood at Rs.14,377
billion, 2.5% higher than last week.
• Fortnight money supply for week ended February 10 stood at
Rs.72,118.9 billion, 0.7% higher than last reported figure.
• BSE has launched India's first carbon efficient index on Wednesday.
According to the BSE, the index can be used to develop green
financial products including mutual funds, exchange‐traded funds
and structured products.
• Indian markets ended lower on Wednesday as investors booked
some profit after the recent sharp move.
• The NSE benchmark fell below the 5,500 level before closing down
101.80 points to 5,505.35. Meanwhile, the BSE
benchmark Sensex dropped 283.36 points to 18,145.25.
• High‐beta realty, consumer durable, metal and banking stocks paced
the declines, while IT stocks ended modestly higher.
• Selling pressure gathered momentum in blue‐chip led by Reliance
Industries and banking stocks, which had gained significantly in last
few sessions.
• Volatility is expected as traders roll over positions in futures &options (F&O) segment from the near‐month February 2012 series to
March 2012 series. The near‐month February 2012 F&O contracts will
expire tomorrow.
• On the global front, Asian markets were mixed amid concerns over
Europe’s Greek aid deal and higher oil prices. Meanwhile, European
shares were trading lower on Wednesday on the back of less than
expected German’s PMI and jobs data, dampened investors’
sentiments.
• Nifty February 2012 futures were at 5,518.10, at a premium of
12.75 points over spot closing of 5,505.35. Nifty March 2012 futures
were at 5,561, at a premium of 55.65 points over spot closing.Turnover on NSE's futures & options (F&O) segment surged to
Rs.2,24,412.72 crore from Rs.1,53,479.46 crore on February 21.
• The put call ratio on Wednesday stood at 1.15 as against 1.22
recorded on last trading day.
• Cumulative FII positions as percentage of total gross market
position in the derivative segment as on February 21 is 32.92%.
• The Open interest on Nifty futures increased to 3,75,67,400 as
against 3,16,02,550 on last trading day.
• Near term market's volatility index‐India VIX, surged by 2.10% to
26.80 as against previous close of 26.25.
22 February 2012
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Policy Rates
Key Rates (%) 22‐Feb‐12 1 Week Ago 1 Month Ago
Reverse Repo 7.50 7.50 7.50
Repo 8.50 8.50 8.50
CRR 5.50 5.50 6.00
SLR 24.00 24.00 24.00
Bank Rate 9.50 9.50 6.00
Daily Rates
Key Rates (%) 22‐Feb‐12 Previous Close % Change#
NSE MIBOR 8.80 8.83 ‐0.34
CALL 8.76 8.79 ‐0.34
CBLO 8.47 8.45 0.24
OIS‐
1 Yr 8.11 8.08 0.37
OIS‐ 5 Yr 7.38 7.32 0.82
Liquidity Indicators
Description (INR Cr) 22‐Feb‐12 1 Week Ago 1 Month Ago
Govt Securities 11,440 13,838 2,429
Call Money 15,598 16,901 21,540
CBLO 45,615 41,270 31,958
Daily Dossier
Debt Market Update
Mutual Fund & Insurance Update
• Bond yields rose in the absence of a bond buyback announcement on
Tuesday. However, the bond buyback was announced on Wednesday,
post market hours. In addition, the possibility of an unscheduledauction next week also affected the market sentiments. As per the
scheduled auction calendar, RBI will not conduct dated securities
auction for the week ended March 2. Thereafter, Government is
scheduled to hold its last debt auction of the fiscal year worth
Rs.12,000 crore between March 5 and March 9.
• The yield on the 10‐year benchmark bond went up 5 bps and closed
at 8.22% after touching a high of 8.24%.
• On Wednesday, RBI conducted the auction of 91‐days and 364‐days
treasury bills worth Rs.13,000 crore and the cut‐off came 9.02% 8.51%
respectively. In 91‐days T‐bill, non‐competitive bids worth Rs.3,142
crore were accepted over and above the scheduled amount of
Rs.9,000 crore.
• United Bank of India has signed a distribution agreement (MOU)
with DSP Black Rock Investment Managers for distribution of various
Mutual Funds Schemes of DSP Black Rock.
• Taurus Mutual Fund has launched‐Taurus Fixed Maturity Plan ‐
Series N (91 Days), a close ended debt scheme with the duration of 91
days. The NFO opens for subscription on February 22 and will close on
22 February 2012
, , ,
Treasury Bills 647 1,169 376
Top 5 traded
G
‐Sec
Security Maturity % Closing Yield % Change#
08.79 GS 2021 08‐Nov‐21 8.22 0.59
09.15 GS 2024 14‐Nov‐24 8.32 0.43
08.28 GS 2027 21‐Sep‐27 8.52 0.18
07.83 GS 2018 11‐Apr‐18 8.29 0.30
08.26 GS 2027 02‐Aug‐27 8.46 ‐0.25
Commodity Market
Commodity (INR) 22‐Feb‐12 Gain+/Loss‐ % Change#
Gold (10 gm) 28,264 289.00 1.03
Silver (1 kg) 56,629 597.00 1.07
Crude Oil (1 barrel) 5,215 134.00 2.64
Aluminium (1 kg) 109 2.90 2.74
Copper (1 kg) 415 12.85 3.19
Currency Market
Currency 22‐Feb‐12 Gain+/Loss‐ % Change#
USD/INR 49.25 0.16 0.33
EURO/INR 65.16 ‐0.01 ‐0.01
GBP/INR 76.75 ‐1.05 ‐1.35
JPY/INR 0.62
0.00 0.02
# % change is the change over the previous days close
Currency Market Update
Commodity Market Update
• Bond yields rose in the absence of a bond buyback announcement on
Tuesday. However, the bond buyback was announced on Wednesday,
post market hours. In addition, the possibility of an unscheduledauction next week also affected the market sentiments. As per the
scheduled auction calendar, RBI will not conduct dated securities
auction for the week ended March 2. Thereafter, Government is
scheduled to hold its last debt auction of the fiscal year worth
Rs.12,000 crore between March 5 and March 9.
• The yield on the 10‐year benchmark bond went up 5 bps and closed
at 8.22% after touching a high of 8.24%.
• On Wednesday, RBI conducted the auction of 91‐days and 364‐days
treasury bills worth Rs.13,000 crore and the cut‐off came 9.02% 8.51%
respectively. In 91‐days T‐bill, non‐competitive bids worth Rs.3,142
crore were accepted over and above the scheduled amount of
Rs.9,000 crore.
• United Bank of India has signed a distribution agreement (MOU)
with DSP Black Rock Investment Managers for distribution of various
Mutual Funds Schemes of DSP Black Rock.
• Taurus Mutual Fund has launched‐Taurus Fixed Maturity Plan ‐
Series N (91 Days), a close ended debt scheme with the duration of 91
days. The NFO opens for subscription on February 22 and will close on
February 23.
• Religare Mutual Fund has unveiled‐Religare Fixed Maturity Plan–
Series XII–Plan F (14 Months), a close ended debt scheme. The NFO
opens for subscription on February 22 and will closes on February 29.
• IDBI Mutual Fund has launched‐IDBI Fixed Maturity Plan‐Series II‐
369 Days (February 2012)‐C, a close ended income scheme with the
duration of 369 days. The NFO opened for subscription on February
21 and will close on February 22.
• With a view to improve transparency in reinsurance contracts; IRDA
said that it is planning to introduce an electronic re‐insurance
platform for insurers.
• Spot gold prices retreated from its early gains owing to weakening of
euro and reached the level of $1,753.29 an ounce, witnessing a fall of
0.3% from the previous close.• Brent crude declined to $121.33 a barrel, after hitting its nine‐month
high, on the back of weak European and Chinese economic data which
triggered worries over the global growth stance and prospects for oil
demand.
• INR strengthened, aided by capital inflows into local equities and debt
which offset the dollar demand from local oil importers. It ended at
49.22/23 to the dollar, 0.2% stronger.
• Euro remained under pressure against dollar amidst concerns about
economic growth and implementation of the austerity measures as
agreed by Greece. The sentiment also got affected by the PMI datashowing contraction in euro zone services sector. It traded 0.1% down at
$1.3226.
22 February 2012
Daily Dossier_ICRA Online Limited Page 2 of 3 22/02/2012
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Delhi
107, 1st Floor, Raheja Arcade, 1105, Kailash Building,
Sector 11, Plot No. 61, 11th Floor,
CBD Belapur, 26th, Kasturba Gandhi Marg,
Navi Mumbai – 400614. New Delhi - 110 001.
India. India.
Phone: +91-22- 67816100 Phone: +91-11-23357940-50
Fax: +91-22-27563057 Fax: +91-11-23357014
Ko lk ata Chen nai
Convergence Contact Center, 626 Annasalai JVL Plaza,
D2/2, EP & GP Block, 2nd,5th & 6th Floor, 5th
Floor,
Sector V, Salt Lake City, Teynampet
Kolkata - 700 091. Chennai-600 018.
India. India.
Phone: +91-33-4017 0100, 4017 0400 Phone: +91-44-2432 1856
+ - - 7 + - -
Contact Information
ICRON Research Desk
Ph: 022-67816100
M umb ai
- - - -
Disclaimer:
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reasonable care has been taken to ensure that the information herein is true, such information is provided ‘as is’ without any warranty of any kind, and
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been issued or are to be issued by any entity.
Note: Data
last
updated
at
1830
hrs
Daily Dossier ICRA Online Limited Page 3 of 3 22/02/2012