19Dec2018
MarketsforYou
GlobalIndices
GlobalIndices 18‐Dec Prev_Day Abs.Change
%Change
#
DowJones 23,676 23,593 83 0.35
Nasdaq 6,784 6,754 30 0.45
FTSE 6,702 6,773 ‐72 ‐1.06
Nikkei 21,115 21,507 ‐391 ‐1.82
HangSeng 25,814 26,088 ‐274 ‐1.05
IndianIndices 18‐Dec Prev_Day Abs.Change
%Change
#
S&PBSESensex 36,347 36,270 77 0.21
Nifty50 10,909 10,888 20 0.19
Nifty100 11,151 11,126 25 0.23
NiftyBank 27,175 27,016 159 0.59
SGXNifty 10,974 10,899 75 0.68
S&PBSEPower 1 ,983 1,961 21 1.09
S&PBSESmallCap 14,606 14,540 65 0.45
S&PBSEHC 13,854 13,790 65 0.47
Date P/E Div.Yield P/E Div.Yield
18‐Dec 24.09 1.18 26.39 1.22
MonthAgo 23.31 1.23 25.69 1.24
YearAgo 24.75 1.15 26.60 1.09
Nifty50Top3Gainers
Company 18‐Dec Prev_Day
%Change
#
SunPharma 433 421 2.97
BajajFinance 2532 2474 2.34
PowerGrid 196 193 1.97
Nifty50Top3Losers DomesticNews
Company 18‐Dec Prev_Day
%Change
#
ZeeEnte. 463 502 ‐7.80
UnitedPhos 744 768 ‐3.18
Infosys 677 694 ‐2.56
AdvanceDeclineRatio
BSE NSE
Advances 1421 998
Declines 1146 780
Unchanged 156 114
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐33010
MFFlows** 118866
*18
th
Dec2018;**17
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)
19December2018
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
‐85
‐202
3.69%
(Aug‐18)
•Indianequitymarketsstartedthedayonalowbutrecoveredasthe
rupee stood its ground and crude oil prices stayed weak. The start was
shaky as global cues came in weak on the back of global growth concerns
and as investors looked forward to U.S. Federal Reserve’s (Fed) meeting
on interest rates.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.21% and
0.19% to close at 36,347.08 and 10,908.70, respectively. S&P BSE Mid‐
Cap and S&P BSE Small Cap increased 0.21% and 0.45%, respectively.
• The overall market breadth on BSE was strong with 1421 scrips
advancing and 1146 scrips declining. A total of 156 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Power was the major gainer, up
1.09%, followed by S&P BSE Capital Goods and S&P BSE Telecom, up
1.08% and 0.97%, res pectively. S&P BSE Utilities and S&P BSE Metal
gained 0.95% and 0.9%, respectively. S&P BSE Teck and S&P BSE
Information Technology were the major losers, down 1.13% and 1.08%,
respectively, followed by S&P BSE Fast Moving Consumer Goods and S&P
BSE Consumer Durables, down 0.29% and 0.02%, respectively.
• Capital market regulator Sec urities and Exchange Board of I ndia (SEBI)
chief urged investment bankers to set prices of initial public offerings
(IPO) at reasonable levels so as to help strengthen the primary market.
SEBI chief expressed concerns regarding the fact that there were not
many IPOs in 2018 an d added that the capital market regulator is in talks
with other regulators like the Reserve Bank of India for overseas listing of
companies. On a separate n ote the SE BI chief added that the capital
market regulator has issued show‐cause notices to three credit r ating
agencies in the IL&FS case.
• A major global credit rating agency opined that the recent resignation
of the Reserve Bank of India (RBI) governor was credit negative for the
Indian economy. The credit rating agency is of the view that continued
intense external pressure from the Indian government on the central
bank could adversely affect the long‐term financial stability of the
country. The credit rating agency advocated for the RBI’s Prompt
CorrectiveActionandaddedthatwasimperativeforstressedbanksin
which the government has sought relaxation. It worries that the
involvement of the government with the R BI may undermine t he
improvements in the banking sector.
• According to media reports, Saudi Arabia, world’s largest oil exporter
and Reliance Industries are into discussion for join investment in
petrochemicals and refinery projects.
• Glenmark Pharmaceuticals announced that it has received final
approval from the United States Food & Drug Administration (USFDA) for
Fluocinolone Acetonide Oil, used for treating eczema of the ear.
• Ola has announced to invest $100 million in Vogo, a domestic scooter
sharing start‐up. Ola will add Vogo’s two‐wheelers to its app to expand
the range of vehicles it offers.
• Asian equity markets declined on global growth concerns and as
investors looked forward to U.S. Federal Reserve’s (Fed) meeting on
interest rates. Later in the day, Fed was to start its two‐day meeting and
investors are expecting the c entral bank to raise rates, which will be the
fourth for the year. Today (as of Dec 19), Asian markets opened on a
mixed note ahead of the U.S. Fed policy decision. While Nikkei was
trading lower 0.14%, Hang Seng was up 0.22% (as at 8 a.m. IST).
• As per th e last c lose, European markets fell as ma rket participants
remained cautious ahead of the U.S. Federal Reserve (Fed) policy decision
on Wednesday. The central bank is widely expected to hike interest rates
by 25 bps.
• As per the last close, U.S markets rose marginally after witnessing
substantial volatility. Strength was seen as market participants bought
stocks at lower levels after witnessing sharp drop over the previous two
sessions. Market participants were in a cautious mood ahead of the U.S.
Fed policy decision on Wednesday.
MarketsforYou
FIIDerivativeTradeStatistics 18‐Dec
(RsCr) Buy Sell OpenInt.
IndexFutures 1758.82 2078.01 28116.06
IndexOptions 55742.80 55721.69 65520.24
StockFutures 10239.52 10233.49 86347.69
StockOptions 6195.49 6149.86 8816.04
Total 73936.63 74183.05 188800.03
18‐Dec Prev_Day Change
PutCallRatio(OI) 1.59 1.61 ‐0.02
IndianDebtMarket
PutCallRatio(Vol) 1.03 1.16 ‐0.13
18‐Dec Wk.Ago Mth.Ago YearAgo
CallRate 6.48% 6.54% 6.36% 6.02%
T‐Repo 6.40% 6.54% 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% 6.15%
364DayT‐Bill 7. 03% 7.07% 7.24% 6.32%
10YearGilt 7.35% 7.53% 7.82% 7.18%
G‐SecVol.(Rs.Cr) 53465 73572 25907 41416
CurrencyMarketUpdate
FBILMIBOR* 6.55% 6.54% 6.50% 6.25%
3MonthCPRate 7.10% 7.40% 8.35% 6.88%
5YearCorpBond 8.28% 8.45% 8.61% 7.86%
1MonthCDRate 6.79% 7.10% 6.93% 6.22%
3MonthCDRate 6.92% 7.19% 7.65% 6.30%
1YearCDRate 8.27% 8.37% 8.17% 6.75%
CommodityMarketUpdate
Currency 18‐Dec Prev_Day Change
USD/INR 71.19 71.67 ‐0.48
GBP/INR 89.88 90.20 ‐0.32
EURO/INR 80.76 81. 07 ‐0.32
InternationalNews
JPY/INR 0.63 0.63 0.00
Commodity 18‐Dec WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 46.07 51.60 56.44 57.12
BrentCrude($/bl) 55.20 59.75 64.13 64.82
Gold($/oz) 1249 1243 1221 1261
Gold(Rs./10gm) 31205 31616 30912 28555
Source:ThomsonReutersEikon *Ason17‐Dec‐18
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
19December2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty Dec 2018 Futures were at 10935.05 points, a premium of 26.35
points, above the spot closing of 10,908.70. The turnover on NSE’s
Futures and Options segment rose to Rs. 6,95,867.95 crore on Dec 18
compared with Rs. 5,24,759.66 crore on Dec 17.
•ThePut‐Call ratio stood at 0.91.
•TheNiftyPut‐Call ra tio stood at 1.59 compared with the previous
session’s close of 1.61.
• India VIX declined 4.07% to 14.5400 compared with 15.1575 at the
previous trading session. (not updatedon NSE site)
• Open interest on Nifty Futures stood at 23.26 million as against the
previous session’s close at 22.73 million.
• Bond yields fell amid optimism amongst investors owing to strength in
domestic currency and fall in crude oil prices as a result of oversupply
concerns. Investors remained focused on the U.S. Federal Reserve policy
decision and India’s latest policy meeting minutes, both due on Dec 19,
2018.
• Yield on t he 10‐year be nc hmark paper (7.17% GS 2028) fell 11 bps to
close at 7.35% as compared to 7.46% in the previous session after
trading in the range of 7.35% to 7.44%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 6,087 crore (gross) on De c 18 compared with a
borrowing of Rs. 6,076 crore (gross) on Dec 17. Sale of sec u rities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 8,324
crore on Dec 17.
• The Indian rupee surged against the greenback and witnessed the
biggest single session gain in more than five years as global crude oil
prices plummeted to a fourteen‐month low which boosted market
sentiments.
• The euro rose against t he greenback as the l atter remained under
pressure ahead of the outcome of the U.S. Federal Reserve monetary
policy review due Dec 19, 2018.
• Gold prices traded flat as traders turned their attention to the U.S.
Federal Reserve monetary policy meeting, which commenced on Dec 18.
• Brent crude price dropped to more than one year low amid indications
of swelling global inventories.
• According to the National Association of Home Builders, U.S. housing
market index continued to deteriorate and fell to 56 in Dec 2018 after
falling to 60 in Nov 2018. The current reading was lowest since May
2015.
• According to the Commerce Department, U.S. housing starts surged
3.2% to an annual rate of 1.256 million in Nov 2018 from the revised
estimate of 1.217 million in Oct 2018. The increase came as construction
of multi‐family homes which was more than decrease in new
construction of single‐family homes.
• According to data from Ifo, Germany's business confidence index fell to
101 in Dec 2018 from 102 in Nov 2018. The c urrent assessment index of
the survey also fell to 104.7 in Dec from 105.4 Nov.
MarketsforYou
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