13 Dec 2018
Markets for You
Global Indices
Global Indices 12-Dec Prev_Day Abs. Change
% Change
#
Dow Jones 24,527 24,370 157 0.64
Nasdaq 7,098 7,032 66 0.95
FTSE 6,880 6,807 73 1.08
Nikkei 21,603 21,148 455 2.15
Hang Seng 26,187 25,772 415 1.61
Indian Indices 12-Dec Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,779 35,150 629 1.79
Nifty 50 10,738 10,549 188 1.79
Nifty 100 10,960 10,762 199 1.85
Nifty Bank 26,644 26,163 480 1.84
SGX Nifty 10,781 10,636 146 1.37
S&P BSE Power 1,915 1,879 35 1.88
S&P BSE Small Cap 14,404 14,059 345 2.46
S&P BSE HC 13,828 13,705 123 0.90
Date P/E Div. Yield P/E Div. Yield
12-Dec 23.48 1.21 25.98 1.24
Month Ago 22.51 1.27 25.21 1.26
Year Ago 24.52 1.17 26.22 1.11
Nifty 50 Top 3 Gainers
Company 12-Dec Prev_Day
% Change
#
Hero Moto 3259 3039 7.23
Indiabulls HFC 734 693 5.97
United Phos 790 748 5.63
Nifty 50 Top 3 Losers Domestic News
Company 12-Dec Prev_Day
% Change
#
Dr.Reddy 2586 2716 -4.78
Lupin 822 835 -1.60
Bharti Infratel 251 253 -0.97
Advance Decline Ratio
BSE NSE
Advances 1901 1474
Declines 678 311
Unchanged 124 86
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -32511
MF Flows** 118035
*12
th
Dec 2018; **11
th
Dec 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
2.33%
(Nov-18)
4.88%
(Nov-17)
IIP
8.10%
(Oct-18)
1.80%
(Oct-17)
GDP
7.10%
(Sep-18)
6.30%
(Sep-17)
13 December 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
6.50%
(Jul-18)
8.20%
(Jun-18)
Quarter Ago
Inflow/Outflow
1495
-2897
3.69%
(Aug-18)
• Government data showed that the consumer price index-based
inflation or retail inflation came in 2.33% in Nov 2018 compared with
upwardly revised 3.38% (originally reported 3.31%) in the previous
month and 4.88% in the same month of the previous year. The consumer
food price index-based inflation subsequently stood at -2.61% in Nov
2018 compared with -0.86% in the previous month and 4.35% in the
same month of the previous year. The major reason for decline was
deflation in vegetables, pulses and products and sugar and confectionery
by 15.59%, 9.22% and 9.02%, respectively. Also, inflation for fuel and
light slowed to 7.39% in Nov 2018 from 8.55% in the previous month.
• Government data showed that the Index of Industrial Production (IIP)
rose to 8.1% in Oct 2018 as against growth of 4.5% in the previous month
and 1.8% in the same period of the previous year. For the period from
Apr to Oct of 2018, IIP grew 5.6% as against an increase of 2.5% in the
same period of the previous year. On the sectoral front, the
manufacturing sector grew 7.9% in Oct 2018 compared with growth of
2.0% in the same month of the previous year. The mining sector
witnessed growth of 7% compared to decline of 0.2% in the same month
of the previous year. The electricity sector grew 10.8% in Oct 2018 as
against growth of 3.2% in the same month of the previous year.
• The Asian Development Bank retained India’s economic growth
forecast at 7.3% for FY19 and 7.6% for FY20. However, the bank
mentioned that the domestic economy may witness downside due to
stress in the non-banking sector, limited fiscal space and escalating trade
tensions. However, some of these risks could be offset by a recent
decline in oil prices and by exports becoming more competitive as the
Indian rupee weakens.
Markets for You
• Asian equity markets gained after investors turned optimistic over
chances of U.S.-China striking a trade deal. The U.S. President indicated a
deal with China was possible and reports suggested the latter is reducing
tariffs on imports of cars made in the U.S. to 15% from the earlier 40%.
The chief financial officer’s arrest was ordered by U.S. authorities as the
company was suspected of violating America’s sanctions on Iran. Today
(as of Dec 13), Asian markets opened mostly higher following gains in
Wall Street’s last session. Nikkei and Hangseng grew 0.52% and 0.51%,
respectively (as at 8.a.m. IST).
• As per the last close, European markets closed higher as investors
remain positive on the prospect of a trade deal between the U.S. and
China after the U.S. President indicated optimism about a trade
agreement with Chinese President.
• As per the last close, U.S markets closed higher following reports that
the U.S. President has expressed optimism about striking a trade deal
with Chinese President. Gains in consumer discretionary and technology
stocks boosted the indices.
• Indian equity markets gained as investors cheered the appointment of
the new Reserve Bank of India (RBI) governor. Also, progress on U.S.-
China trade negotiations buoyed investors. The U.S. President indicated a
deal with China was possible and reports suggested the latter is reducing
tariffs on imports of cars made in the U.S. to 15% from the earlier 40%.
Also, the withheld official of a Chinese multinational company was
released on bail.
• Key benchmark indices S&P BSE Sensex and Nifty 50 both gained 1.79%
each to close at 35,779.07 and 10,737.60, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap increased 2.53% and 2.46%, respectively.
• The market breadth on BSE was strong with 1901 scrips advancing and
678 scrips declining. A total of 124 scrips remained unchanged.
• On the BSE sectoral front, all the sectors gained. S&P BSE Realty was
the major gainer, up 4.07%, followed by S&P BSE Auto and S&P BSE
Telecom, up 3.58% and 2.77%, respectively. S&P BSE Industrials and S&P
BSE Consumer Discretionary Goods & Services gained 2.6% and 2.57%,
respectively.
FII Derivative Trade Statistics 12-Dec
(Rs Cr) Buy
Sell Open Int.
Index Futures 4270.68 4906.63 25849.79
Index Options 192211.45 192167.77 61029.27
Stock Futures 15614.35 14942.35 83406.86
Stock Options 9766.10 9771.98 7441.89
Total 221862.58 221788.73 177727.81
12-Dec Prev_Day
Change
Put Call Ratio (OI) 1.47 1.33 0.13
Indian Debt Market
Put Call Ratio(Vol) 0.99 0.95 0.04
12-Dec Wk. Ago Mth. Ago
Year Ago
Call Rate 6.52% 6.36% 6.46% 5.82%
T-Repo 6.56% 6.34% 6.50% --
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.69% 6.71% 6.89% 6.13%
364 Day T-Bill 7.00% 7.15% 7.39% 6.24%
10 Year Gilt 7.41% 7.44% 7.80% 7.19%
G-Sec Vol. (Rs.Cr) 72777 85464 23298 42456
Currency Market Update
FBIL MIBOR* 6.54% 6.51% 6.51% 6.00%
3 Month CP Rate 7.40% 7.55% 8.45% 6.82%
5 Year Corp Bond 8.36% 8.35% 8.58% 7.83%
1 Month CD Rate 7.02% 6.67% 6.96% 6.19%
3 Month CD Rate 6.97% 7.29% 7.69% 6.25%
1 Year CD Rate 8.25% 8.25% 8.30% 6.72%
Commodity Market Update
Currency 12-Dec Prev_Day
Change
USD/INR 72.04 71.93 0.11
GBP/INR 90.04 90.43 -0.39
EURO/INR 81.59 81.73 -0.14
International News
JPY/INR 0.64 0.64 0.00
Commodity 12-Dec Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 50.99 52.59 59.80 57.07
Brent Crude($/bl) 59.96 61.42 68.90 65.65
Gold( $/oz) 1245 1237 1201 1243
Gold(Rs./10 gm) 31577 30855 31200 28443
Source: Thomson Reuters Eikon
*As on 11-Dec-2018
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
13 December 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yield lowered on optimism regarding lowering inflation rate,
which is expected to ease the monetary policy. Besides, appointment of
the new governor of the central bank lifted the bond market sentiment.
• Yield on the 10-year benchmark paper (7.17% GS 2028) plunged 12
bps to 7.41% compared with 7.53% in the previous session after trading
in the range of 7.41% to 7.52%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 21,271 crore (gross) on Dec 12 compared with
a borrowing of Rs. 20,137 crore (gross) on Dec 11. Sale of securities
under Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
9,092 crore on Dec 11.
• Banks borrowed Rs. 587 crore under the central bank’s Marginal
Standing Facility on Dec 11 compared with borrowing of Rs. 2,730 crore
on Dec 10.
• According to a report from the Labor Department, U.S. producer price
index for final demand edged up 0.1% in Nov 2018 as against an
increase of 0.6% in Oct 2018. Food prices grew 1.3% in Nov as against an
increase of 1% in Oct 2018. However, energy prices fell 5% in Nov as
against an increase of 2.7% in Oct.
• A report from the Eurostat showed that eurozone’s industrial
production rose 0.2% in Oct MoM as against a revised decline of 0.6% in
Sep 2018. Capital good production witnessed 1% increase followed by
durable consumer goods that grew 0.4%.
Markets for You
• Nifty Dec 2018 Futures were at 10,783.65 points, a premium of 46.05
points, above the spot closing of 10,737.60. The turnover on NSE’s
Futures and Options segment declined to Rs. 9,56,463.76 crore on Dec
12 compared with Rs. 12,19,439.02 crore on Dec 11.
• The Put-Call ratio stood at 0.98 compared with previous close of 0.88.
• The Nifty Put-Call ratio stood at 1.47 compared with previous close of
1.33.
• India VIX declined 10.10% to 16.1325 compared with 17.9450 at
previous trading session.
• Open interest on Nifty Futures stood at 22.69 million as against
previous session’s close at 22.17 million.
• The Indian rupee fell for the third straight session as the market grew
cautious with the appointment of a former economic affair secretary as
the new central bank governor. Increase in global crude oil prices added
to the losses. The rupee plunged 0.22% to close at 72.01 compared with
the previous close of 71.85.
• The euro rose against the greenback on reports that Italy may propose a
budget deficit target of 2%, well below the previous target of 2.4%. The
euro was last seen trading at 1.1343, up 0.26% compared with previous
close of 1.1314.
• Gold prices edged higher, supported by the recent comment of the U.S.
Fed Chair.
• Brent crude prices rose with lower than anticipated production cut by
OPEC and its allies and a sudden production cut in Libya due to the
shutdown of an oil and gas major.
Thank you for
your time.
