01 Jan 2019
Markets for You
Global Indices
Global Indices 31-Dec Prev_Day Abs. Change
% Change
#
Dow Jones 23,327 23,062 265 1.15
Nasdaq 6,635 6,585 51 0.77
FTSE 6,728 6,734 -6 -0.09
Nikkei Closed 20,015 NA NA
Hang Seng 25,846 25,504 342 1.34
Indian Indices 31-Dec Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,068 36,077 -8 -0.02
Nifty 50 10,863 10,860 3 0.02
Nifty 100 11,110 11,102 9 0.08
Nifty Bank 27,160 27,125 35 0.13
SGX Nifty 10,929 10,925 4 0.04
S&P BSE Power 1,999 1,991 8 0.39
S&P BSE Small Cap 14,707 14,606 101 0.69
S&P BSE HC 13,923 13,830 93 0.67
Date P/E Div. Yield P/E Div. Yield
31-Dec 23.64 1.16 26.17 1.24
Month Ago 23.90 1.19 26.31 1.22
Year Ago 25.22 1.12 26.92 1.08
Nifty 50 Top 3 Gainers
Company 31-Dec Prev_Day
% Change
#
Tata Steel 521 513 1.60
Vedanta Limited 202 199 1.40
Tech Mahindra 723 714 1.28
Nifty 50 Top 3 Losers Domestic News
Company 31-Dec Prev_Day
% Change
#
Bharti Infratel 259 263 -1.52
Bharti Airtel 313 317 -1.28
HPCL 253 256 -1.04
Advance Decline Ratio
BSE NSE
Advances 1503 1078
Declines 1105 728
Unchanged 185 113
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -32627
MF Flows** 119898
*31
st
Dec 2018; **28
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)
01 January 2019
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
1391
-230
4.17%
(Jul-18)
• Indian equity markets ended 2018 on a flat note owing to mixed global
cues. Weak Chinese economic data once again fuelled concerns over a
slowing global economy. However, improving U.S.-China trade relations
after the Presidents of both nations gave positive comments on the
progress of their talks boosted sentiment.
• Key benchmark indices S&P BSE Sensex fell 0.02% to close at 36,068.33,
while Nifty 50 gained 0.02% to close at 10,862.55. S&P BSE Mid-Cap and
S&P BSE Small Cap increased 0.51% and 0.69%, respectively.
• The overall market breadth on BSE was strong with 1,503 scrips
advancing and 1,105 scrips declining. A total of 185 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Metal was the major gainer, up
1.43%, followed by S&P BSE Basic Materials and S&P BSE Consumer
Durables, up 0.92% and 0.69%, respectively. S&P BSE Healthcare and
S&P BSE Power gained 0.67% and 0.39%, respectively. S&P BSE Telecom
was the major loser, down 0.76%, followed by S&P BSE Energy and S&P
BSE Realty, down 0.39% and 0.29%, respectively.
• The Securities and Exchange Board of India (SEBI) has allowed debt
mutual funds to segregate their portfolios and carve out bad securities.
SEBI said in case where the credit rating of an instrument held by a debt
fund gets downgraded to "below investment grade" (below BBB-rating)
then fund houses can choose to segregate such bad securities. After this,
investors can continue to buy or sell the good portion of the scheme and
the segregated portfolio will not allow any fresh investments until the
fund recovers the dues from bad assets. The option of segregating is with
the fund houses, but they will not be able to do this immediately as they
need to first mention it in their scheme information documents.
• The Reserve Bank of India (RBI) has opposed government’s calls for
relaxing norms for risk weights and capital requirement for Indian banks.
RBI announced it wants to revise existing prudential rules. The central
bank warned that relaxing risk-adjusted capital norms, or Basel-III-plus
norms, could harm the economy considering defaults are high and
provisions low. RBI has proposed to take a fresh look at exposure and
investment guidelines and the existing risk management framework.
Capital adequacy regulations for banks in the country are higher than
those recommended under Basel.
• The capital market regulator is planning to improve its market
surveillance system. SEBI is also looking at tools for speedy analysis of
trade data that identifies possible violations such as insider trading,
share price manipulation and front running. The regulator has invited
applications to provide IT services for the maintenance of its integrated
market surveillance system (IMSS), data warehousing and business
intelligence system (DWIBS) from the interested companies. SEBI’s
integrated market surveillance system was started from 2013, which
collects data for suspicious market activities via multiple sources,
including its network systems at exchanges and depositories.
• Asian equity markets were mixed as weak Chinese economic data
overshadowed progress in U.S.-China trade talks. The U.S. President said
he had a "long and very good call" with the Chinese President. Media
reports said Chinese President expressed belief that both sides wanted
"stable progress”. This raised hope among investors that a breakthrough
in the trade dispute is nearing. The positive cues were negated by China's
manufacturing sector falling into contraction in Dec 2018. Today (as of
Jan 1, 2019), Asian markets remained closed on account of New Year
Holiday.
• As per the last close, European markets closed almost higher amid
optimism about a potential U.S.-China trade deal following comments
from the U.S. President. However, data showing China’s weak
manufacturing activity in Dec 2018 weighed on the investor sentiment.
• As per the last close, U.S markets closed almost higher likely as
investors reacted to U.S. President’s comments that expressed optimism
about trade deal between U.S. and China. However, concerns over
government shutdown and the global economy restricted the gains.
Markets for You
FII Derivative Trade Statistics 31-Dec
(Rs Cr) Buy
Sell Open Int.
Index Futures 2774.17 2141.95 23720.52
Index Options 48309.51 45714.24 38175.25
Stock Futures 9999.40 9175.12 78463.10
Stock Options 3454.68 3158.49 2425.64
Total 64537.76 60189.80 142784.51
31-Dec Prev_Day
Change
Put Call Ratio (OI) 1.53 1.54 -0.01
Indian Debt Market
Put Call Ratio(Vol) 0.96 0.93 0.03
31-Dec Wk. Ago Mth. Ago
Year Ago
Call Rate 6.53% 6.50% 6.41% 6.10%
T-Repo 6.35% 6.52% 6.29% --
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.60% 6.60% 6.77% 6.14%
364 Day T-Bill 6.92% 6.95% 7.19% 6.26%
10 Year Gilt 7.37% 7.29% 7.61% 7.33%
G-Sec Vol. (Rs.Cr) 32827 21720 38079 45921
Currency Market Update
FBIL MIBOR* 6.68% 6.60% 6.55% 6.20%
3 Month CP Rate 7.20% 7.20% 7.75% 7.06%
5 Year Corp Bond 8.29% 8.22% 8.43% 7.98%
1 Month CD Rate 6.99% 7.13% 6.65% 6.34%
3 Month CD Rate 6.90% 7.10% 7.24% 6.33%
1 Year CD Rate 7.96% 8.17% 8.48% 6.98%
Commodity Market Update
Currency 31-Dec Prev_Day
Change
USD/INR 69.79 69.98 -0.19
GBP/INR 88.55 88.66 -0.11
EURO/INR 79.78 80.18 -0.40
International News
JPY/INR 0.63 0.63 0.00
Commodity 31-Dec Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) Closed 45.33 50.73 60.41
Brent Crude($/bl) Closed 51.87 57.55 67.07
Gold( $/oz) 1283 1268 1222 1302
Gold(Rs./10 gm) 31566 31190 30240 29252
Source: Thomson Reuters Eikon
* As on Dec 28, 2018
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
01 January 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Jan 2019 settled at 10,907.75, a premium of 47.85 points, over
the spot closing 10,859.90. The turnover on NSE’s Futures and Options
segment fell to Rs. 4,00,246.92 crore on Dec 28 compared with Rs. Rs.
21,62,816.58 crore on Dec 27.
• The Put-Call ratio stood at 0.90 against the previous day’s close of
0.86.
• The Nifty Put-Call ratio stood at 1.54 compared with the previous
session’s close of 1.35.
• Open interest on Nifty Futures stood at 23.06 million as against the
previous session’s close at 30.07 million.
• Bond yields declined on optimism regarding easing monetary policy on
expectation of lower inflation rate. Besides, the weak trend in crude oil
prices aided the bond market sentiment.
• Yield on the 10-year benchmark paper (7.17% GS 2028) declined 2 bps
to close at 7.37% as compared with 7.39% in the previous session after
trading in the range of 7.34% to 7.39%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,138 crore (gross) on Dec 31 compared with a
borrowing of Rs. 4,124 crore (gross) on Dec 28. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 40,111
crore on Dec 28.
• Banks borrowed Rs. 126 crore under the central bank’s Marginal
Standing Facility on Dec 28 compared with borrowing of Rs. 710 crore
Dec 27.
• The Indian rupee continued its upward trend from the previous
session, supported by progress in U.S.-China trade talks. The rupee
closed at 69.77 a dollar, up 0.24% compared with the previous close of
69.94.
• The euro gained against the greenback, benefitting from the friction
between the U.S. President and the U.S. Federal Reserve on the interest
rate policy stance. The euro was last seen trading at 1.1447 a dollar, up
0.10% compared with the previous close of 1.1436.
• Gold traded higher on concerns over global economic slowdown and
on assumptions that the U.S. Federal Reserve will reduce the pace of
interest rate hike.
• Brent crude market remained closed due to public holiday.
• National Association of Realtors data showed pending home sales
index in the U.S. fell 0.7% to 101.4 in Nov 2018 after plunging 2.6% to
102.1 in Oct 2018. Compared with the same month in the previous year,
pending home sales declined 7.7%, the 11th consecutive month of
annual decreases.
• MNI Indicators’ report showed Chicago business barometer dipped to
65.4 in Dec 2018 after going up to 66.4 in Nov 2018. MNI Indicators said
Nov 2018's order book strength translated into higher output in Dec
2018, with the production index rising to an 11-month high.
• According to the National Bureau of Statistics, manufacturing sector in
China fell into contraction in Dec 2018 with a Purchasing Managers’
Index (PMI) score of 49.4.
Markets for You
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