Emerging USDINR Stay Below 65.30, Markets To Rally

Transcription

1 Friday, September 29, 2017 Emerging USDINR Stay Below 65.30, Markets To Rally Market is expected to take cues from below three points Emerging market currencies gave relief as USDINR corrected 0.90% from to However confirmation will if USDINR sustain below this level of Nifty and Small cap too gave a relief rally yesterday. President Donald Trump unveiled the tax reform plan. The GOP (Grand Old Party) plan includes a corporate tax rate to be reduced to 20 percent from 35 percent and a sharp increase in the standard deduction. Republicans did not provide details about how the cost of the tax cuts would be offset. "We think we can drive a lot of business back to America, we can drive jobs back to America, we can make ourselves very competitive," Cohn told CNBC. Yesterday in F&O expiry FII & PRO has carry forward short position contract for Oct Expiry. Today s open interest data will be very important to understand the FII&PRO mood in the Market. Performance of Emerging Market Currencies Emerging Market Currency Last % Chg High Low Week% Philippine Peso % % Korean Won % % Malaysian Ringgit % % Thai Baht % % Taiwan Dollar % % Brazil Real % % Russian Ruble % % MSCI Intl Emerging Market Currency % % Mexican Peso % % Indian Rupee % % Turkish Lira % % South African Rand % % Indonesian Rupiah % % Chinese Yuan % %

2 Performance of Emerging Market Indices Emerging Market Indices Last High Low % Chg Week% Turkey (BIST 100) % -1.41% Philippine (PSEi) % -0.49% Indonesia (Jakarta) % -0.38% Korea (Kospi) % 0.18% India (Nifty) % -1.52% China (Shanghai Composite) % -0.03% Thailand (SET Index) % 0.80% Taiwan (TAIEX) % -1.05% Malaysia (KLSE) % -0.69% MSCI Emerging Market % -2.71% Russian (RTSI) % 0.21% Brazil (Bovespa) % -2.42% South Africa % -1.54% The above table is showing that all Emerging Market Indices is correcting from their respective lows. NIFTY OUTLOOK & OPEN INTEREST IN INDEX OPTION FII and PRO has carry forward short position for contracts for October expiry. Date FII PRO FII+PRO CLI DII Nifty Bank Nifty Net OI Index Options (FII) Options (PRO) Combined Position Options (CLI) Options (DII) Average(ADM) 1 Year Day' Net Position (A-B) Sep-17(A) Sep Sep Sep Sep Sep Sep Sep Sep Sep-17(B) Close Close

3 Cash Market Data DATES FII DII FII+DII 28-Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep In last 10days, FII and DII in combined have sold stocks worth Rs Crore in cash segment. Small Cap index after making a high of 8093 on 20 th Sep is currently trading at 7481.

4 Sector Performance 28 th Sep Major Sector Performance %Change IT 1.38% ENERGY-OIL & GAS 1.33% REALTY 1.14% FINANCIAL SERVICES 1.08% CEMENT & CEMENT PRODUCTS 1.03% CHEMICALS 0.96% TEXTILES AND APPAREL 0.95% AUTOMOBILES & AUTO PARTS 0.79% POWER 0.69% INFRASTRUCTURE CONSTRUCTION AND 0.67% ENGINEERING FMCG 0.49% PHARMA 0.46% FMCG-FOOD 0.40% BANKS-PRIVATE AND PSU 0.31% METALS AND MINING 0.28% FERTILISERS 0.06% INDUSTRIAL MANUFACTURING -1.42% Minor Sector Performance %Change CONSUMER GOODS 1.62% CARBON 1.53% AIRLINES 1.52% SERVICES 1.44% PAPER 1.21% BEVERAGES 1.05% HOTELS AND LEISURE 0.98% TRANSPORTATION LOGISTICS 0.86% HOME APPLIANCES 0.81% INTERIOR CONSTRUCTION 0.56% PACKAGING 0.55% GOLD & JEWELLERY 0.47% FILMS 0.39% TELECOM 0.21% HEALTHCARE SERVICES 0.19% SUGAR -0.17% DEFENCE -0.47% MEDIA-TV AND NEWSPAPER -0.68% ELECTRICAL EQUIPMENT -4.94%

5 Disclaimer The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision. Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA Disclosure Dynamic Equities Pvt. Ltd. is a member of NSE, BSE, MCX SX and a DP with NSDL & CDSL. It is also engaged in Investment Advisory Services and Portfolio Management Services. Dynamic Commodities Pvt. Ltd., associate company, is a member of MCX & NCDEX. We declare that our activities were neither suspended nor we have defaulted with any stock exchange authority with whom we are registered. SEBI, Exchanges and Depositories have conducted the routine inspection and based on their observations have issued advise letters or levied minor penalty on for certain operational deviations. Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst: DYNAMIC/its Associates/ Research Analyst/ his Relative: Do not have any financial interest / any actual/beneficial ownership in the subject company. Do not have any other material conflict of interest at the time of publication of the research report Have not received any compensation from the subject company in the past twelve months Have not managed or co-managed public offering of securities for the subject company. Have not received any compensation for brokerage services or any products / services or any compensation or other benefits from the subject company, nor engaged in market making activity for the subject company Have not served as an officer, director or employee of the subject company Report Prepared By: Vikash Kandoi - NISM