18Dec2018
MarketsforYou
GlobalIndices
GlobalIndices 17‐Dec Prev_Day Abs.Change
%Change
#
DowJones 23,593 24,101 ‐508 ‐2.11
Nasdaq 6,754 6,911 ‐157 ‐2.27
FTSE 6,773 6,845 ‐72 ‐1.05
Nikkei 21,507 21,375 132 0.62
HangSeng 26,088 26,095 ‐7 ‐0.03
IndianIndices 17‐Dec Prev_Day Abs.Change
%Change
#
S&PBSESensex 36,270 35,963 307 0.85
Nifty50 10,888 10,805 83 0.77
Nifty100 11,126 11,040 85 0.77
NiftyBank 27,016 26,826 190 0.71
SGXNifty 10,899 10,836 64 0.59
S&PBSEPower 1 ,961 1,936 25 1.31
S&PBSESmallCap 14,540 14,502 38 0.26
S&PBSEHC 13,790 13,743 47 0.34
Date P/E Div.Yield P/E Div.Yield
17‐Dec 23.78 1.20 26.34 1.22
MonthAgo 23.31 1.23 25.69 1.24
YearAgo 24.80 1.16 26.46 1.10
Nifty50Top3Gainers
Company 17‐Dec Prev_Day
%Change
#
TataMotors 174 167 4.19
PowerGrid 193 186 3.69
HDFCLtd. 1960 1904 2.95
Nifty50Top3Losers DomesticNews
Company 17‐Dec Prev_Day
%Change
#
KotakBank 1222 1256 ‐2.67
Infosys 694 706 ‐1.65
BajajFinservLimited 6088 6178 ‐1.45
AdvanceDeclineRatio
BSE NSE
Advances 1402 1023
Declines 1184 759
Unchanged 181 110
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐32808
MFFlows** 118985
*17
th
Dec2018;**14
th
Dec2018
EconomicIndicator
YoY(%) Current YearAgo
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)
18December2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
6.50%
(Jul‐18)
8.20%
(Jun‐18)
QuarterAgo
Inflow/Outflow
‐167
762
3.69%
(Aug‐18)
MarketsforYou
• Indian equity markets extended gains at the start of week on the back
of a stronger rupee and falling crude oil prices. Markets also tided over
anxiety over the scheduled meetings of global central banks in the week.
The U.S. Federal Reserve is expected to increase benchmark interest rate
by 25 basis points.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.85% and
0.77% to close at 36,270.07 and 10,888.35, respectively. S&P BSE Mid‐
Cap and S&P BSE Small Cap increased 0.43% and 0.26%, respectively.
• The overall market breadth on BSE was strong with 1402 scrips
advancing and 1184 scrips declining. A total of 181 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Metal was the major gainer, up
2.03%, followed by S&P BSE Energy and S&P BSE Utilities, up 1.54% and
1.35%, respectively. S&P BSE Oil & Gas and S&P BSE Power gained 1.34%
and 1.31%, respectively. S&P BSE Information Technology was the major
loser, down 0.35%, followed by S&P BSE Realty and S&P BSE Consumer
Durables, down 0.33% and 0.27%, respectively.
• According to media news, the government has revived plans to put
strict rules on e‐commerce players. It could include checks on discounting
and unbridled cashbacks and fre ebies. Reports say commerce and
industry ministry is looking at ways to strengthen the e‐commerce sector
and safeguard interests of domestic retailers. Domestic retailers are
complaining about serious loss of business to “adverse competition” from
e‐tailers.
• The National Highways Authority of India (NHAI) could remain short by
33‐37% of its FY19 target of completing 6,000 km, said a private agency.
This has happened despite the pace of highways projects undertaken by
NHAI picking up in the last three years. NHAI has around 15,000 km of
portion, which included projects awarded over the last five years, under
completion as on Mar 31, 2018.
• The Export Import Bank of India (Exim Bank) has said India’s export
growth will increase to 7% for the Oct‐Dec quarter. The estimates come
days after official data showed merchandise exports growth declining to
0.8 per cent for Nov 2018 on a base effect. The Exim Bank estimate said
merchandise exports will go up to $82.39 billion for the third quarter of
FY19 compared with $77 billion. Non‐oil exports will grow 7.20% to
$71.45 billion during the same period compared with $66.65 billion i n the
year‐ago period.
• According to media reports, Jaguar Land Rover (JLR) could cut
thousands of jobs as part of a turnaround strategy. Tata Motors’ U.K.
luxury car unit will outline the measures in Jan 2018 as part of a three‐
year cost‐cutting programme, say reports. It plans to deliver cost and
cash flow improvements of 2.5 billion pounds ($3.15 billion) within 18
months.
• Indian car wiring maker Motherson Sumi Systems Ltd could merge with
German peer Leoni AG, according to media news. The car industry is
facing strict regulatory framework on diesel emissions and a demand
slowdown in China. Companies are making changes to their businesses in
order to adapt.
• Asian equity markets mostly gained as investors bought beaten‐down
stocks from two weeks of losses. Markets have been anxious over trade
tensions between U.S. and China and the global economic growth outlook.
Investors also looked forward to the meetings of global central banks. The
U.S.Fedisscheduledtomeetinadayandexpectationsareforanincrease
in the benchmark interest rate by 25 basis points. The Bank of Japan and
the Bank of Engl and will also hold their respective monetary policy
meetings on Dec 20, 2018. Today (as of Dec 18), Asian markets opened
lower following decline on the Wall Street overnight. Both Nikkei and
Hang Seng dropped 0.93% and 0.04%, respectively (as at 8 a.m. IST).
• As per the last close, Europea n markets fell on lingering concerns about
global economic growth as well as continued uncertainty about trade
between the U.S. and China.
• As per the last close, U.S markets plunged on lingering concerns about
global economic growth as well as continued uncertainty about trade
between the U.S. and China. Also market participants remained cautious
ahead of the U.S. Federal Reserve’s policy review this week.
FIIDerivativeTradeStatistics 17‐Dec
(RsCr) Buy Sell OpenInt.
IndexFutures 2394.79 2145.64 27268.61
IndexOptions 59260.18 58726.61 63992.47
StockFutures 12352.16 11994.97 85851.84
StockOptions 6963.96 6820.90 8576.84
Total 80971.09 79688.12 185689.76
17‐Dec Prev_Day Change
PutCallRatio(OI) 1.61 1.53 0.08
IndianDebtMarket
PutCallRatio(Vol) 1.16 1.08 0.08
17‐Dec Wk.Ago Mth.Ago YearAgo
CallRate 6.51% 6.50% 6.36% 5.99%
T‐Repo 6.41% 6.50% 6.29% ‐‐
Repo 6.50% 6.50% 6.50% 6.00%
ReverseRepo 6.25% 6.25% 6.25% 5.75%
91DayT‐Bill 6.60% 6. 67% 6.76% 6.16%
364DayT‐Bill 7. 05% 7.06% 7.24% 6.32%
10YearGilt 7.46% 7.59% 7.82% 7.14%
G‐SecVol.(Rs.Cr) 25648 34033 25907 41341
CurrencyMarketUpdate
FBILMIBOR* 6.55% 6.50% 6.50% 6.02%
3MonthCPRate 7.20% 7.35% 8.35% 6.84%
5YearCorpBond 8.34% 8.48% 8.61% 7.83%
1MonthCDRate 6.99% 7.01% 6.93% 6.23%
3MonthCDRate 7.09% 7.12% 7.65% 6.30%
1YearCDRate 8.28% 8.24% 8.17% 6.77%
CommodityMarketUpdate
Currency 17‐Dec Prev_Day Change
USD/INR 71.67 71.74 ‐0.06
GBP/INR 90.20 90.58 ‐0.38
EURO/INR 81.07 81. 46 ‐0.39
InternationalNews
JPY/INR 0.63 0.63 0.00
Commodity 17‐Dec WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 49.75 51.02 56.44 57.24
BrentCrude($/bl) 57.53 60.31 64.13 64.55
Gold($/oz) 1246 1245 1221 1255
Gold(Rs./10gm) 31287 31423 30912 28585
Source:ThomsonReutersEikon
*AsonDec‐14‐2018
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
18December2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
MarketsforYou
• Nifty Dec 2018 Futures were at 10910.5 points, a premium of 22.15
points, above the spot closing of 10,888.35. The turnover on NSE’s
Futures and Options segment rose to Rs. 5,24,759.66 crore on Dec 17
compared with Rs. 4,80,578.85 crore on Dec 14.
•TheNiftyPut‐Call ratio s tood at 1.61 compared with the previous
session’s close of 1.53.
• India VIX declined 4.07% to 14.5400 compared with 15.1575 at the
previous trading session.
• Open interest on Nifty Futures stood at 22.73 million as against the
previous session’s close at 22.59 million.
• Bond yields rose for the second consecutive session, as market
participants postponed bond buying ahead of the U.S. Federal Reserve
monetary policy meeting review and minutes of the latest M onetary
policy committee’s meeting scheduled to be released later during the
week.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) rose 2 bps to
close at 7.46% as compared to 7.44% in the previous session after
trading in the range of 7.42% to 7.46%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 6,076 crore (gross) on Dec 17 compared with a
borrowing of Rs. 3,546 crore (gross) on Dec 14. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 34,008
crore on Dec 14.
• The Indian rupee rose to a near 1 week high against the U.S. dollar
after India’s trade deficit narrowed in Nov 2018. Lower global crude oil
prices also boosted market sentiments The rupee rose 0.49% to close at
71.55 a dollar compared with the previous close of 71.90.
• The euro rose against the greenback as market participants remained
on the sidelines and awaited the outcome of the U.S. Federal Reserve
monetary policy review due Dec 19, 2018. T he euro was last seen trading
at 1.1337 a dollar, up 0.27% compared with the previous close of 1.1307.
• Gold prices traded higher following weakness in U .S. dollar and as
investors turned their attention to the upcoming U.S. Federal Reserve’s
monetary policy meeting.
• Brent crude prices traded lower amid concerns over global economic
slowdown.
• According to Eurostat data, euro zone consumer price inflation in Nov
2018 eased more than initially estimated. The c onsumer price ind e x
increased 1.9% YoY, slower than 2 % flash estimate on Nov 30, 2018. The
number is the lowest since May 2018. Inflation eased from 2.2% in Oct
2018, the highest since Dec 2012.
• According to IHS Markit data, euro zone private sector grew at the
slowest rate in more than four years in Dec 2018. This could mean the
19‐nation economy ends 2018 on a modest note. The flash composite
purchasing managers' index, or PMI, combining manufacturing and
services, decreased to a 49‐month low of 51.3 from 52.7 in Nov 2018.
Expectations
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