21Dec2018
MarketsforYou
GlobalIndices
GlobalIndices 20‐Dec Prev_Day Abs.Change
%Change
#
DowJones 22,860 23,324 ‐464 ‐1.99
Nasdaq 6,528 6,637 ‐108 ‐1.63
FTSE 6,712 6,766 ‐54 ‐0.80
Nikkei 20,393 20,988 ‐595 ‐2.84
HangSeng 25,624 25,865 ‐242 ‐0.94
IndianIndices 20‐Dec Prev_Day Abs.Change
%Change
#
S&PBSESensex 36,432 36,484 ‐53 ‐0.14
Nifty50 10,952 10,967 ‐16 ‐0.14
Nifty100 11,201 11,223 ‐22 ‐0.20
NiftyBank 27,275 27,298 ‐23 ‐0.09
SGXNifty 11,022 10,984 38 0.35
S&PBSEPower 2,000 2,009 ‐10 ‐0.48
S&PBSESmallCap 14,782 14,765 17 0.12
S&PBSEHC 13,902 13,875 27 0.19
Date P/E Div.Yield P/E Div.Yield
20‐Dec 23.94 1.19 26.50 1.21
MonthAgo 23.41 1.23 25.62 1.25
YearAgo 24.97 1.14 26.75 1.09
Nifty50Top3Gainers
Company 20‐Dec Prev_Day
%Change
#
YesBank 187 180 4.01
HPCL 244 236 3.51
BPCL 371 362 2.58
Nifty50Top3Losers DomesticNews
Company 20‐Dec Prev_Day
%Change
#
GrasimIndus 829 855 ‐3.09
SBI 294 301 ‐2.21
Wipro 333 341 ‐2.19
AdvanceDeclineRatio
BSE NSE
Advances 1196 842
Declines 1384 949
Unchanged 168 100
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐32335
MFFlows** 118438
*20
th
Dec2018;**19
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)
21December2018
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
‐410
1016
3.69%
(Aug‐18)
• Indian equity markets closed on a lower note on weak global cues after
the U.S. Federal Reserve (Fed) raised interest rates for the fourth time in
2018. However, the market received some support as Fed indicated more
rate hikes ahead but at a slo w er p ace. Decline in oil prices amid
oversupply concerns and surge in rupee further capped the losses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 each fell 0.14% to
close at 36,431.67 and 10,951.70, respectively. S&P BSE Mid‐Cap and S&P
BSE Small Cap grew 0.07% and 0.12%, respectively.
• The overall market breadth on BSE was weak with 1,384 scrips declining
and 1,196 scrips advancing. A total of 168 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Telecom stood as the major loser,
down 1.17% followed by S&P BSE Metal and S&P BSE Basic Materials that
fell 1.10% and 0.65%, respectively. S&P BSE Capital Goods stood as the
major gainer, up 0.56%, followed by S&P BSE Industrials and S&P BSE
Auto that grew 0.41% and 0.32%, r espectively.
• The government has sought approval from the Parliament for additional
gross expenditure of Rs. 85,948.86 crore. Of this amount, approximately
half of the capital infusion is for public sector banks through
recapitalisation bonds during FY19. Of the total, only Rs. 15,065.49 crore
would be net cash outgo.
• The finance minister announced that the government will inject Rs.
83,000 crore in public sector banks in the next few months of FY19.
According to the media reports, this is expected to help the banks come
outoftheReserveBankofIndia'sPromptCorrectiveAction(PCA)
framework. Additionally, the government has proposed additional capital
injection of Rs. 41,000 crore in state‐owned banks through issue of
government securities. This is expected to enhance the total
recapitalisation in the from Rs. 65,000 crore t o Rs. 1.06 lakh crore in FY19.
• The Securities and Exchange Board of India (SEBI) is planning a sandbox
policy to support technology developments in financial markets. With the
Sandbox policy, the companies will be permitted to test products in a
closed environment, a particular geography or among a set of users,
before they are allowed to roll o ut commercially.
• The board of Oil and Natural Gas Corporation approved its share
buyback worth Rs. 40.22 billion. The move is expected to give a boost to
the government's effort of meeting its disinvestment target for the
current financial year.
• The Indian government has sought approval from the Parliament for an
equity infusion of Rs. 23 billion ($330 million) in Air India. The move
comes after the government f aile d to find any buyer f or its ambitious
plan to privatize the national airline.
• According to media reports, the Insurance Regulatory and Development
Authority of India has imposed a penalty of Rs. 500,000 on Royal
Sundaram General Insurance and Iffco Tokio General Insurance for
settlingloweramountsthantheInsuredDeclaredValue(IDV)inmotor
vehicle claims.
• Asian markets fell on concerns over global growth forecast and after the
US Federal Reserve raised interest rates in its latest policy review.
Meanwhile, Japanese Central Bank maintained its current l evel of
extremely low interest rates for an extended period and reiterated that
the economy is expected to continue with its moderate rate of expansion.
Today (as of Dec 21), Asian markets opened lower following decline on
the Wall Street overnight. Both Nikkei and Hang Seng were trading lower
1.41% and 1.07%, respectively (as at 8 a.m. IST).
• As per the last close, European markets fell notably after the U.S.
Federal Reserve (Fed) increased interest rates for the fourth time in 2018
by 25 bps as widely expected.
•Asperthelastclose,U.SmarketsdroppedsharplyonconcernsofaU.S.
partial government shutdown after U.S. President expressed his
unwillingness to sign a short‐term spending bill approved by the Senate.
Investors’ concerns raised after the U.S. Fed indicated it plans to continue
to increasing interest rates despite signs of slowing economic growth.
MarketsforYou
FIIDerivativeTradeStatistics 20‐Dec
(RsCr) Buy Sell OpenInt.
IndexFutures 2646.41 2144.62 30753.00
IndexOptions 84542.80 84899.57 66612.94
StockFutures 15029.66 15100.77 87543.18
StockOptions 8239.97 8564.37 9064.29
Total 110458.84 110709.33 193973.41
20‐Dec Prev_Day Change
PutCallRatio(OI) 1.66 1.66 ‐0.01
IndianDebtMarket
PutCallRatio(Vol) 1.08 1.05 0.03
20‐Dec Wk.Ago Mth.Ago YearAgo
CallRate 6.44% 6.60% 6.43% 5.98%
T‐Repo 6.44% 6.60% 6.46% 6.03%
Repo 6.50% 6.50% 6.50% 6.00%
ReverseRepo 6.25% 6.25% 6.25% 5.75%
91DayT‐Bill 6.59% 6.66% 6.77% 6.19%
364DayT‐Bill 6. 96% 7.02% 7.26% 6.40%
10YearGilt 7.27% 7.41% 7.79% 7.22%
G‐SecVol.(Rs.Cr) 45131 73572 29111 22951
CurrencyMarketUpdate
FBILMIBOR* 6.51% 6.60% 6.50% 6.15%
3MonthCPRate 7.20% 7.20% 8.00% 6.89%
5YearCorpBond 8.24% 8.32% 8.56% 7.89%
1MonthCDRate 6.90% 7.01% 6.89% 6.31%
3MonthCDRate 6.90% 7.17% 7.45% 6.39%
1YearCDRate 8.16% 8.21% 8.17% 6.85%
CommodityMarketUpdate
Currency 20‐Dec Prev_Day Change
USD/INR 70.28 70.11 0.17
GBP/INR 88.85 88.74 0.10
EURO/INR 80.05 79.82 0.24
InternationalNews
JPY/INR 0.63 0.62 0.00
Commodity 20‐Dec WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 45.59 52.64 53.34 58.04
BrentCrude($/bl) 52.78 58.97 60.64 64.54
Gold($/oz) 1260 1242 1221 1266
Gold(Rs./10gm) 31040 31410 30913 28630
Source:ThomsonReutersEikon
*Ason19Dec2018
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
21December2018
The information herein is meant only for general reading purposes and contains all factual and statistical inf ormation pertaining to Industry and markets which have been obtained from independent
third party sources and which are deemed to be reliable. The information provided cannot be considered a s guidelines, recommendations or as a professional guide for the readers. It may be n oted
that since Reliance Nippon Life Asset Management Company Limite d (RNLAM) (formerly Reliance Capital Asset Management Limited) has not independently verified the accuracy or authenticity of
such information or data, or for that matter the reasonableness of the assumptions upon which such data and information has been processed or arrive data; RNLAM does not in any manner assures
the accuracy or authenticity of such data and information. Some of the statements & assertions contained in these materials may reflect RNLAM’s v iews or opinions, which in turn may have been
formed on the basis of such data or information. The Sponsor(s), the Investment Manager, the Trustee or any of their respective directors, employees, affiliates or representatives do not assume any
responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon the information provided herein, due
care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable, to the extent possible. This information is not intended to be an offer or solicitation for the
purchase or sale of any financial product or instrument. Recipients of this information should rely on information/data arising out of their own investigations. Before making any investments, the
readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor(s), the Investment Manager, the Trustee,
their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on
accountoflostprofitsarisingfromtheinformationcontainedinthismaterial.
ReadersarerequestedtoclickhereforICRONdisclaimer‐http://www.icraonline.com/legal/standard‐disclaimer.html
DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty Dec 2018 Futures were at 10,978.20 points, a premium of 26.50
points, above the spot closing of 10,951.70. The turnover on NSE’s
Futures and Options segment rose to Rs. 18,22,475.52 crore on Dec 20
compared wit h Rs. 8,34,692.34 crore on Dec 19.
•ThePut‐Call ratio stood at 0.83 against the previous day’s close of 0.95.
• The Nifty Put‐Call ratio stood unchanged at 1.66 compared with the
previous session’s close.
• Open interest on Nifty Futures stood at 24.28 million as against the
previous session’s close at 23.91 million.
• Bond yield rose as market participants resorted to profit booking. In
addition, the U.S. Federal Reserve’s indication of conducting two interest
rate hikes next year dampened the market sentiment.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) rose 5 bps to
close at 7.27% as compared to 7.22% in the previous session after
trading in t he range of 7.22% to 7.28%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 18,434 crore (gross) on Dec 20 compared with
a borrowing of Rs. 4,358 crore (gross) on Dec 19. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 12,640
crore on Dec 19.
• Banks borrowed Rs. 135 crore under the central bank’s Marginal
Standing Facility on Dec 19 compared with borrowing of Rs. 65 crore on
Dec 18.
• The Indian rupee rose, aided by corporate dollar inflow and decline in
greenback after the U.S. Federal Reserve indicated of slowing down the
interest rate hikes planned for 2019. The rupee rose 0.99% to close at
69.70 a dollar c ompared with the previous close of 70.40.
• The euro rose against the greenback on news that Italy and the
European Union reached a deal over the highly debatable 2019 Roman
budget after months of rigorous negotiations. The euro was last seen
trading at 1.1474 a dollar, up 0.87% compared with the previous close of
1.1375.
• Gold prices traded higher against the greenback after the U.S. Federal
Reserve indicated of slowing down the interest rate hikes planned for
2019 at the meeting.
• Brent crude dipped more than 3.5% following the Federal Reserve’s
dovish comment on interest rates.
• The U.S. Federal Reserve (Fed) said that its Federal Open Market
Committee has decided to raise the target range for the federal funds
rate by 25 bps to 2.25% ‐ 2.50%. The Fed also indicated of slowing down
the interest rate h ikes planned for 2019.
• According to the National Association of Realtors, U.S. existing home
sales rose 1.9% to an annual rate of 5.32 million in Nov 2018 after rising
1.4% to a rate o f 5.22 million in O ct 2018.
• The Bank of England held its key interest rate unchanged at 0.75% and
kept asset purchase targets unchanged, in line with markets
expectations. According to the bank, uncertainties due to Brexit as
intensified which is weighing on U.K. financial markets and on the near‐
term growth outlook.
MarketsforYou
Thank you for
your time.