27 Dec 2018
Markets for You
Global Indices
Global Indices 26-Dec Prev_Day Abs. Change
% Change
#
Dow Jones 22,878 21,792 1,086 4.98
Nasdaq 6,554 6,193 361 5.84
FTSE Closed 6,686 NA NA
Nikkei 19,327 19,156 171 0.89
Hang Seng Closed 25,651 NA NA
Indian Indices 26-Dec Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,650 35,470 180 0.51
Nifty 50 10,730 10,664 66 0.62
Nifty 100 10,969 10,905 64 0.59
Nifty Bank 26,987 26,715 272 1.02
SGX Nifty 10,780 10,671 109 1.02
S&P BSE Power 1,966 1,966 -1 -0.03
S&P BSE Small Cap 14,436 14,466 -30 -0.21
S&P BSE HC 13,671 13,718 -47 -0.34
Date P/E Div. Yield P/E Div. Yield
26-Dec 23.34 1.18 25.96 1.24
Month Ago 23.03 1.23 25.71 1.25
Year Ago 25.09 1.13 26.96 1.08
Nifty 50 Top 3 Gainers
Company 26-Dec Prev_Day
% Change
#
Adani Ports & SEZ 377 361 4.28
Zee Ente. 455 437 4.19
Bharti Airtel 320 309 3.67
Nifty 50 Top 3 Losers Domestic News
Company 26-Dec Prev_Day
% Change
#
Sun Pharma 414 424 -2.52
Yes Bank 179 182 -1.56
TCS 1889 1919 -1.53
Advance Decline Ratio
BSE NSE
Advances 1066 749
Declines 1493 1012
Unchanged 156 102
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -33831
MF Flows** 118678
*26
th
Dec 2018; **21
st
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)
27 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
6.50%
(Jul-18)
8.20%
(Jun-18)
Quarter Ago
Inflow/Outflow
-223
-873
4.17%
(Jul-18)
• Indian equity markets recovered from deep losses to close the day in
the green. Weak global cues weighed on sentiment earlier in the day as
investors remain concerned of slowing global economic growth and
political instability on the U.S. Later, markets recovered as investors
resorted to short-covering ahead of the expiry of derivatives contracts on
Dec 27, 2018.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.51% and
0.62% to close at 35,649.94 and 10,729.85, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap decreased 0.01% and 0.21%, respectively.
• The overall market breadth on BSE was weak with 1493 scrips declining
and 1066 scrips advancing. A total of 156 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Telecom was the major gainer, up
1.69%, followed by S&P BSE Finance and S&P BSE Capital Goods, up
0.88% and 0.74%, respectively. S&P BSE Industrials and S&P BSE Bankex
gained 0.62% each. S&P BSE Information Technology was the major
loser, down 0.74%, followed by S&P BSE Realty and S&P BSE Healthcare,
down 0.46% and 0.34%, respectively.
• The Securities and Exchange Board of India (SEBI) has written to the
finance ministry for appointing at least two independent members on its
board, according to media reports. This is being done to resolve the
problem of “lack of independent voices on its board”. Half of SEBI’s
directors should be independent, but its board has eight members,
including the chairman and four wholetime directors. So the count of
independent directors has gone down from the prescribed limit.
• The Insolvency & Bankruptcy Board of India and the government could
use provisions of the Insolvency & Bankruptcy Code (IBC) against
companies that have gone back on their plans to take over companies via
the resolution process and have derailed the entire process. This could
also include a possible jail term.
• According to a major domestic rating agency, two-wheeler sales in
India are expected to grow at 8-10% in 2018-19. There are concerns over
increasing cost of acquisition hurting the demand thrust. Support is being
seen coming from growing per capita income, improved farm sentiment
following near-normal monsoon over the last three financial years,
higher minimum support price (MSP) and farm loan waiver in select
states. The agency added that it has a stable outlook on the Indian two-
wheeler industry. The sector reported 11.1% YoY volume growth in Apr-
Oct 2019 in spite of an increase in insurance premium, floods in Kerala
and regulatory changes in West Bengal.
• The government is hopeful of higher coal production in 2019 from
allocated mines with coal demand from power sector exceeding supply
in 2018. The government plans to allot 10 more mines to Coal India Ltd in
2019, which would be in addition to the 10 mines allotted to the public-
sector company in the year. Of the 85 mines already allotted, 23 have
started production and the coal ministry expects 20 more mines to begin
output in 2018-19 or early next fiscal. Coal India accounts for more than
80% of domestic coal production.
Markets for You
• Asian equity markets were mostly lower in thin trade because of the
holiday season. Investors remained anxious over political instability in
the U.S. as the partial government shutdown could well go into the New
Year. U.S. President’s critical comments on the Federal Reserve also
weighed on investor sentiment. Today (as of Dec 27), Asian markets
opened higher following an overnight surge in stocks on U.S. Wall Street.
Both Nikkei and Hangseng were trading up 3.65% and 0.99%,
respectively (as at 8.a.m. IST).
• As per the last close, most of the European markets were closed on
account of a public holiday.
• As per the last close, U.S. markets closed higher following gains in retail
stocks after data showed that U.S. holiday retail sales recorded the
strongest growth in six years. Increase in crude oil prices and bargain
hunting by investors further boosted market sentiments.
FII Derivative Trade Statistics 26-Dec
(Rs Cr) Buy
Sell Open Int.
Index Futures 9835.39 9630.20 30276.46
Index Options 106603.72 104915.23 67271.37
Stock Futures 39113.39 39759.20 87876.65
Stock Options 6415.11 6601.04 9140.32
Total 161967.61 160905.67 194564.80
26-Dec Prev_Day
Change
Put Call Ratio (OI) 1.39 1.26 0.14
Indian Debt Market
Put Call Ratio(Vol) 0.91 0.87 0.04
26-Dec Wk. Ago Mth. Ago
Year Ago
Call Rate 6.57% 6.46% 6.44% 5.96%
T-Repo 6.56% 6.40% 6.44% --
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.67% 6.63% 6.70% 6.20%
364 Day T-Bill 6.93% 6.95% 7.20% 6.37%
10 Year Gilt 7.26% 7.22% 7.73% 7.28%
G-Sec Vol. (Rs.Cr) 39171 65391 38057 30454
Currency Market Update
FBIL MIBOR* 6.60% 6.51% 6.60% 6.05%
3 Month CP Rate 7.30% 7.20% 7.85% 7.03%
5 Year Corp Bond 8.19% 8.18% 8.52% 7.93%
1 Month CD Rate 7.18% 6.80% 6.88% 6.34%
3 Month CD Rate 7.16% 7.04% 7.34% 6.46%
1 Year CD Rate 8.05% 8.18% 8.49% 6.89%
Commodity Market Update
Currency 26-Dec Prev_Day
Change
USD/INR 69.99 70.18 -0.19
GBP/INR 88.96 88.87 0.09
EURO/INR 79.82 79.88 -0.06
International News
JPY/INR 0.63 0.63 0.00
Commodity 26-Dec Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 45.99 47.91 51.36 59.20
Brent Crude($/bl) Closed 55.54 59.29 66.82
Gold( $/oz) 1267 1243 1222 1283
Gold(Rs./10 gm) 31452 31043 30705 28883
Source: Thomson Reuters Eikon
*AS on 24-12-18
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
27 December 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Dec 2018 Futures were at 10,748.50 points, a premium of 18.65
points, above the spot closing of 10,729.85. The turnover on NSE’s
Futures and Options segment rose to Rs. 15,22,811.79 crore on Dec 26
compared with Rs. 9,38,436.13 crore on Dec 24.
• The Put-Call ratio stood at 0.85 against the previous day’s close of
0.92.
• The Nifty Put-Call ratio stood at 1.39 compared with the previous
session’s close of 1.26.
• India VIX increased 4.31% to 16.4300 compared with 15.7500 at the
previous trading session.
• Bond yields eased due to the overall weakness in crude oil prices,
which raised optimism of easing monetary policy in the future and lifted
the bond market sentiment.
• Yield on the 10-year benchmark paper (7.17% GS 2028) reduced 3 bps
to close at 7.26% as compared with 7.29% in the previous session after
trading in the range of 7.23% to 7.27%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 22,786 crore (gross) on Dec 26 compared with
a borrowing of Rs. 20,903 crore (gross) on Dec 24. Sale of securities
under Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
12,287 crore on Dec 24.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on Dec 24 compared with borrowing of Rs. 3,205 crore on Dec
21.
• The Indian rupee appreciated tracking the rebound in the domestic
equity market, which lifted investor sentiment. However, further upside
was limited due to the month end greenback demand from importers.
• The euro gained against the greenback as the latter was under
pressure due to the ongoing worries of an economic slowdown in the
U.S. and partial government shutdown. Besides, growing tension
between the U.S. president and the Fed over interest rate policy
strained dollar, while supporting euro.
• Gold prices extended gains from the last session as market
participants resorted to the precious metal amid rising uncertainty on
global economic growth.
• The Brent Crude oil market remianed closed
• Economic Development Board Singapore data showed the country’s
manufacturing output increased at the fastest pace in five months.
Manufacturing output grew 7.6% YoY, following a 5.5% rise in Oct 2018.
On a seasonally adjusted basis, manufacturing output increased 2.8%
MoM, after a 2.4% rise in Nov 2018. Output increased on a monthly
basis for a second straight month.
• INE data showed Spain's producer price inflation slowed in Nov 2018
driven by energy prices. Producer price inflation increased to 3% in Nov
from 4.6% in Oct 2018.
Markets for You
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