19Nov2018
MarketsforYou
GlobalIndices
GlobalIndices 16‐Nov Prev_Day Abs.Change
%Change
#
DowJones 25,413 25,289 124 0.49
Nasdaq 7,248 7,259 ‐11 ‐0.15
FTSE 7,014 7,038 ‐24 ‐0.34
Nikkei 21,680 21,804 ‐123 ‐0.57
HangSeng 26,184 26,103 80 0.31
IndianIndices 16‐Nov Prev_Day Abs.Change
%Change
#
S&PBSESensex 35,457 35,261 197 0.56
Nifty50 10,682 10,617 66 0.62
Nifty100 10,908 10,845 64 0.59
NiftyBank 26,246 26,155 91 0.35
SGXNifty 10,729 10,620 109 1.03
S&PBSEPower 1 ,964 1,960 5 0.25
S&PBSESmallCap 14,486 14,548 ‐62 ‐0.43
S&PBSEHC 14,349 14,277 72 0.51
Date P/E Div.Yield P/E Div.Yield
16‐Nov 23.31 1.23 25.69 1.24
MonthAgo 22.56 1.27 25.52 1.27
YearAgo 24.48 1.17 25.96 1.09
Nifty50Top3Gainers
Company 16‐Nov Prev_Day
%Change
#
BhartiAirtel 333 304 9.31
HCLTech 1022 989 3.38
EicherMotors 24735 23945 3.30
Nifty50Top3Losers DomesticNews
Company 16‐Nov Prev_Day
%Change
#
YesBank 191 206 ‐7.21
IndiabullsHFC 766 805 ‐4.80
TataSteel 574 589 ‐2.59
AdvanceDeclineRatio
BSE NSE
Advances 1113 746
Declines 1530 1042
Unchanged 141 116
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐38823
MFFlows** 112591
*16
th
Nov2018;**15
th
Nov2018
EconomicIndicator
YoY(%) Current YearAgo
CPI
3.31%
(Oct‐18)
3.58%
(Oct‐17)
IIP
4.50%
(Sep‐18)
4.10%
(Sep‐17)
GDP
8.20%
(Jun‐18)
5.60%
(Jun‐17)
19November2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
7.00%
(Jun‐18)
7.70%
(Mar‐18)
QuarterAgo
Inflow/Outflow
47
1913
4.17%
(Jul‐18)
• Indian equity markets gained yet again on the back of a strong rupee
and foreign fund inflows. Also, investors were buoyed by prospects of
U.S.‐China trade relations getting better, though conflicting news ushered
in later.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.56% and
0.62% to close at 35,457.16 and 10,682.20, respectively. S&P BSE Mid Cap
gained 0.04% while S&P BSE Small Cap declined 0.43%.
• The overall market breadth on BSE was weak with 1,530 scrips declining
and 1,113 scrips advancing. A total of 141 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Telecom was the major gainer, up
6.27%, followed by S&P BSE Energy and S&P BSE Teck, up 1.47% and
1.07%, respectively. S&P BSE Healthcare and S&P BSE Fast Moving
Consumer Goods gained 0.51% and 0.47%, respectively. The major loser
was S&P BSE Metal, down 1.59%, followed by S&P BSE Oil & Gas and S&P
BSE Basic Materials, down 0.5% and 0.44%, respectively.
• According to media reports, the Central government has proposed
changing norms that will enable closer supervision of the Reserve Bank o f
India (RBI). The government has recommended panels to be set up which
will oversee functions that includes transmission of monetary policy,
financial stability, and foreign exchange management.
• According to media reports, the board of RBI may ease rules that
governs transfer of surplus funds to the government. RBI may also
liberalise norms for weak banks in order to boost l ending in the economy.
RBI is also considering reviewing norms for capital and risk weight for
Indian banks that are more stringent than the Basel guidelines.
• According to the secretary of the Department of Industrial Policy and
Promotion (DIPP), the government will soon come out with a new
industrial policy. The new policy could include a dedicated chapter on the
importance of design. The secretary highlighted the importance of design
and innovation in the country’s economic progress and extended support
to establishing a National Design Centre as early as possible. DIPP had in
Aug 2017 floated a draft industrial policy with the target of creating jobs
for the next two decades, promote foreign technology transfer and
attract $100 billion foreign direct investment annually. The new policy
will totally revamp the Industrial Policy of 1991 and work towards
reducing regulations and bringing new industries in focus.
• In the period Apr to Nov 13, 2018, tax collection from Delhi grew 45%
compared with the same period last year. Delhi is slowly covering more
ground in tax collection than Mumbai, which is the largest contributor to
the government’s exchequer. Mumbai’s tax collections in the same
period increased 5%. Mumbai still contributes 29% to total income tax
revenues but its share has been falling. Delhi is the second‐largest
contributor.
• Asian equity markets were mixed as investors remained concerned
about Brexit and couldn’t get a clear direction on U.S.‐China trade talks.
Markets had cheered news that the U.S. has held back the next batch of
tariff hikes, but doubts were cleared by the U.S. trade representative
denying any such plan. On the Brexit front, the U.K. Prime Minister has
vowed to see Britain coming out of the European Union in spite of top‐
level resignations. Today (as of Nov 19), Asian markets opened on a
mixed note as investors remained cautious due to ongoing tensions
between the U.S. and China. Nikkei and Hang Seng rose 0.27% and 0.36%,
respectively (as at 8.a.m. IST).
• As per the last close, European markets closed lower amid lingering
concerns over Brexit uncertainty and the Italian budget.
•Asperthelastclose,U.Smarketsclosedonamixednoteasinvestors
remained cautious amid lingering uncertainty about the global economic
outlook and renewed worries over Brexit. However, reports that U.S.
President has stated that China wants to make a deal on trade, boosted
the indices.
MarketsforYou
FIIDerivativeTradeStatistics 16‐Nov
(RsCr) Buy Sell OpenInt.
IndexFutures 3690.74 3271.96 32430.34
IndexOptions 124810.76 122572.40 73881.04
StockFutures 13014.68 13582.94 83066.71
StockOptions 7965.30 7752.74 9772.51
Total 149481.48 147180.04 199150.60
16‐Nov Prev_Day Change
PutCallRatio(OI) 1.64 1.61 0.03
IndianDebtMarket
PutCallRatio(Vol) 0.92 0.91 0.00
16‐Nov Wk.Ago Mth.Ago YearAgo
CallRate 6.36% 6.47% 6.54% 5.84%
T‐Repo 6.29% 6.50% N.A. N.A.
Repo 6.50% 6.50% 6.50% 6.00%
ReverseRepo 6.25% 6.25% 6.25% 5.75%
91DayT‐Bill 6.76% 6.92% 6.87% 6.08%
364DayT‐Bill 7.24% 7.39% 7.49% 6.28%
10YearGilt 7.82% 7.76% 7.87% 7.06%
G‐SecVol.(Rs.Cr) 25907 27684 42832 41143
CurrencyMarketUpdate
FBILMIBOR 6.50% 6.55% 6.57% 5.97%
3MonthCPRate 8.35% 8.55% 7.80% 6.81%
5YearCorpBond 8.62% 8.58% 8.80% 7.73%
1MonthCDRate 6.93% 6.90% 6.88% 6.07%
3MonthCDRate 7.65% 7.64% 7.46% 6.23%
1YearCDRate 8.17% 8.30% 8.41% 6.60%
CommodityMarketUpdate
Currency 16‐Nov Prev_Day Change
USD/INR 71.80 72.16 ‐0.36
GBP/INR 91.92 93.95 ‐2.03
EURO/INR 81.46 81.83 ‐0.36
InternationalNews
JPY/INR 0.63 0.64 0.00
Commodity 16‐Nov WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 56.44 60.14 71.88 55.09
BrentCrude($/bl) 64.13 68.10 80.97 61.37
Gold($/oz) 1221 1209 1224 1278
Gold(Rs./10gm) 30912 31773 31799 29426
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
19November2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty Nov 2018 Futures settled at 10687.25, a premium of 5.05 points,
above the spot closing of 10,682.20. The turnover on NSE’s Futures and
Options segment improved to Rs. 5,82,156.36 crore on Nov 16 compared
with Rs. 15,60,701.67 crore on Nov 15.
•ThePut‐Call ratio stood at 1.05 compared with the previous session’s
close of 0.86.
•TheNiftyPut‐Call ratio stood at 1.64 compared with the previous
session’s close of 1.61.
• Open interest on Nifty Futures stood at 25.78 million as against the
previous session’s close at 25.05 million.
• Bond yields rose as investors were cautious ahead of the Reserve Bank
of India board meeting scheduled on Nov 19. The board meeting will be
a key factor for the bonds as it may provide crucial announcements.
Investors were also cautious after a major credit rating agency indicated
potential macro risks for the Indian economy.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) increased 6 bps
to 7.82% compared with the previous close of 7.76% after trading in the
range of 7.76% to 7.82%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,861 crore (gross) on Nov 16 compared with a
borrowing o f Rs. 3,746 crore (gross) on Nov 15. Sale of securities under
RBI's reverse repo window stood at Rs. 50,441 crore on Nov 15..
• The Indian rupee inched up against the greenback following selling of
the greenback by banks and exporters. Gains in the domestic equity
market also aided the domestic currency. However, increase in global
crude oil prices capped the gains.
• The euro surged against the greenback as Italian budget woes eased to
some extent amid reports that the Italian Prime Minister was looking to
work with the European Union over his government’s 2019 budget,
which was rejected by the latter.
• Gold prices strengthened as investors moved to risk‐averse assets amid
Brexit turmoil.
• Brent crude prices surged amid expectations that the Organization of
the Petroleum Exporting Countries and its allies would agree to cut
output in Dec 2018.
• A Labor Department report showed, U.S. import and export prices
increased more than expected in Oct 2018. Import prices climbed 0.5%
in Oct 2018 after rising 0 .2% in Sep 2018.
• A Labor Department report showed first‐time claims for U.S.
unemployment benefits increased a tad in the week ended Nov 10, 2018.
Initial jobless claims increased to 216,000, an addition of 2,000 from the
previous week's 214,000.
• Eurostat data showed euro zone inflation increased in Oct 2018 at the
fastest pace in around six years. The consumer price index increased
2.2% YoY after a 2.1% rise in Sep 2018. Inflation was at the highest level
since Dec 2012. Inflation again breached the European Central Bank's
target of "below, but close to 2%".
MarketsforYou
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