Mutual Fund News of 27th November 2018

27Nov2018

MarketsforYou

GlobalIndices

GlobalIndices 26‐Nov Prev_Day Abs.Change

%Change

DowJones 24,640 24,286 354 1.46

Nasdaq 7,082 6,939 143 2.06

FTSE 7,036 6,953 83 1.20

Nikkei 21,812 Closed NA NA

HangSeng 26,376 25,928 449 1.73

IndianIndices 26‐Nov Prev_Day Abs.Change

%Change

S&PBSESensex 35,354 34,981 373 1.07

Nifty50 10,629 10,527 102 0.97

Nifty100 10,857 10,761 95 0.89

NiftyBank 26,366 25,999 366 1.41

SGXNifty 10,606 10,560 46 0.44

S&PBSEPower 1 ,916 1,913 4 0.19

S&PBSESmallCap 14,329 14,351 ‐22 ‐0.15

S&PBSEHC 14,178 14,303 ‐124 ‐0.87

Date P/E Div.Yield P/E Div.Yield

26‐Nov 23.03 1.23 25.71 1.25

MonthAgo 21.32 1.34 24.12 1.34

YearAgo 24.85 1.16 26.59 1.07

Nifty50Top3Gainers

Company 26‐Nov Prev_Day

%Change

HeroMoto 3076 2918 5.42

HUL 1744 1675 4.11

Wipro 318 307 3.70

Nifty50Top3Losers DomesticNews

Company 26‐Nov Prev_Day

%Change

YesBank 188 196 ‐3.91

ONGC 147 152 ‐3.71

SunPharma 511 526 ‐2.89

AdvanceDeclineRatio

BSE NSE

Advances 1045 708

Declines 1546 1086

Unchanged 190 103

InstitutionalFlows(Equity)

Description(Cr) YTD

FIIFlows* ‐40069

MFFlows** 113491

*26

Nov2018;**22

Nov2018

EconomicIndicator

YoY(%) Current YearAgo

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)

27November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 Nifty

7.00%

(Jun‐18)

7.70%

(Mar‐18)

QuarterAgo

Inflow/Outflow

113

1692

4.17%

(Jul‐18)

• Indian equity markets gained mainly as stocks of consumer companies

found favour from investors. Asian cues were positive and had a bearing

on the domestic market. Also, rupee held steady against the U.S. dollar.

• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.07% and

0.97% to close at 35,354.08 and 10,628.60, respectively. S&P BSE Mid‐

Cap gained 0.06%, while S&P BSE Small Cap lost 0.15%.

• The overall market breadth on BSE was weak with 1045 scrips

advancing and 1546 scrips declining. A total of 190 scrips remained

unchanged

• On the BSE sectoral front, S&P BSE Fast Moving Consumer Goods was

the major gainer, up 2.2%, followed by S&P BSE Bankex, up 1.27%, and

S&P BSE Auto, up 1.1%. S&P BSE M etal was the major loser, d own 1.33%,

followed by S&P B S E Healthcare and S&P BSE Basic Materials, down

0.87% and 0.61%, respectively.

• According to the Organization for Economic Cooperation and

Development (OECD), India’s economy will grow 7.3% in 2019 and 7.4% in

2020 as against 7.5% in 2018. The decline reflects tighter financial

conditions, higher oil prices, adverse terms of trade, lower growth in

partner countries, as well as rising political uncertainties in India and

abroad.

• The finance ministry stated that India and China have amended the

bilateral tax treaty th at will aid in preventing tax evasion by allowing the

exchange of information. The Government of India and the People's

Republic of China have signed a protocol for the amendment of the

Double Taxation Avoidance Agreement (DTAA) which would help in

avoiding double taxation and prevention of fiscal evasion with respect to

taxes on income.

• According to the media reports, the government will infuse Rs. 42,000

crore in the state‐owned banks by the end of Mar 2019 and the next

tranche would b e released be Dec 2018. The government h ad announced

capital infusion programme worth Rs. 2.11‐lakh crore in Oct 2017

wherein the public sector banks were to get Rs. 1.35 lakh crore through

recapitalisation bonds, and the balance Rs. 58,000 crore through the

raising of capital from the market.

• According to the media reports, corporates, non‐banking finance

companies (NBFCs) and other businesses may soon have to disclose key

information for iss uing commercial papers to mutual funds ( MFs). As p er

the discussions between the Securities and Exchange Board of India (SEBI)

and fund houses, t he proposed move would require CP‐issuing companies

to spell o ut their ‘asset‐liability (AL) mismatch’ that has excavated the

stress in the financial markets.

• Asian equity markets were mixed as investors looked forward to the

meeting between U.S. and China at the G20 summit at the end of the

week. The two countries are expected to discuss trade‐related issues and

there are conflicting signs of how successful the meeting could be. Also,

the U.S. Federal Reserve (Fed) m eeting’s minutes are due to be released

later in the week, which could provide clues on Fed’s future stance on

rates. Today (as of Nov 27), Asian markets mostly opened on a positive

note following rise on the Wall Street o vernight. While Nikkei rose 0.29%,

Hang Seng was down 0.66% (as at 8 a.m. IST).

• As per the last close, European markets rose on easing Italian budget

concerns after media reports showed Italian government is considering a

deficit reduction of up to 2% of gross domestic product from the draft

budget goal of 2.4% of GDP. Moreover, European leaders backed Brexit

withdrawal agreement and political declaration at the Sunday summit,

further boosted investor sentiment.

• As per the l ast close, U.S markets went up on bargain buying by m arket

participants after last week’s fall.

MarketsforYou

FIIDerivativeTradeStatistics 26‐Nov

(RsCr) Buy Sell OpenInt.

IndexFutures 3526.33 1925.74 32936.57

IndexOptions 127727.92 126123.40 76394.52

StockFutures 8199.27 8487.84 83330.99

StockOptions 7756.18 7846.45 10384.37

Total 147209.70 144383.43 203046.45

26‐Nov Prev_Day Change

PutCallRatio(OI) 1.64 1.46 0.18

IndianDebtMarket

PutCallRatio(Vol) 1.00 0.91 0.10

26‐Nov Wk.Ago Mth.Ago YearAgo

CallRate 6.44% 6.39% 6.48% 5.91%

T‐Repo 6.44% 6.34% ‐‐ ‐‐

Repo 6.50% 6.50% 6.50% 6.00%

ReverseRepo 6.25% 6.25% 6.25% 5.75%

91DayT‐Bill 6. 70% 6. 66% 6.91% 6.12%

364DayT‐Bill 7. 20% 7. 26% 7.41% 6.23%

10YearGilt 7.73% 7.79% 7.88% 7.00%

G‐SecVol.(Rs.Cr) 38057 21390 26216 57388

CurrencyMarketUpdate

FBILMIBOR 6.60% 6.49% 6.55% 5.97%

3MonthCPRate 7.85% 8.35% 8.45% 6.80%

5YearCorpBond 8.56% 8.60% 8.84% 7.71%

1MonthCDRate 6.88% 6.79% 7.19% 6.06%

3MonthCDRate 7.34% 7.42% 7.34% 6.24%

1YearCDRate 8.49% 8.17% 8.34% 6.61%

CommodityMarketUpdate

Currency 26‐Nov Prev_Day Change

USD/INR 70.71 71.18 ‐0.46

GBP/INR 90.65 91.04 ‐0.39

EURO/INR 80.27 81.19 ‐0.92

InternationalNews

JPY/INR 0.62 0.63 ‐0.01

Commodity 26‐Nov WkAgo Mth.Ago YearAgo

NYMEXCrude($/bl) 51.36 57.11 67.53 58.88

BrentCrude($/bl) 59.29 63.28 78.29 63.92

Gold($/oz) 1222 1224 1233 1288

Gold(Rs./10gm) 30705 30918 31868 29447

Source:ThomsonReutersEikon

MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.

27November2018

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DerivativeStatistics‐NiftyOptions



Disclaimer:

DerivativesMarket

DebtWatch

CurrencyMarket

CommodityPrices

• Nifty Nov 2018 Futures settled at 10639.2, a p re mium of 10.60 points,

above the spot closing of 10,628.60. The turnover on NSE’s Futures and

Options segment increased to Rs. 7,76,197.08 crore on Nov 26 comp ared

with Rs. 16,38,347.77 crore on Nov 22.

•ThePut‐Call ratio stood at 0.97 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 1.46.

• Open interest on Nifty Futures stood at 26.61 million as against the

previous session’s close at 25.44 million.

• Bond yield rose as market participants preferred to book profits from

the recent bond rally. Investors also remained on the sidelines ahead of

the fifth bi‐monthly monetary policy review due Dec 5, 2018.

•Yieldonthe10‐year benchmark paper (7.17% GS 2028) increased 2

bps to 7. 73% compared with the previous c lose of 7.71% after trading in

the range of 7.66% to 7.74%.

• Banks’ borrowings under the repo window of the Liquidity Adjustment

Facility (LAF) stood at Rs. 4,541 crore (gross) o n Nov 2 6 compared with a

borrowing of Rs. 14,158 crore (gross) on Nov 22. Sale of securities under

the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.

24,159 crore on Nov 22.

• Banks did not borrow under the central bank’s Marginal Standing

Facility on Nov 22 compared with borrowing of Rs. 1,060 crore on Nov

20.

• The Indian rupee fell against the greenback after gaining for seven

consecutive trading sessions following rise in global crude oil prices and

month end dollar demand from oil importers. However, gains in the

domestic equity market restricted further losses.

• The euro rose against the greenback after the European Union and

Britain agreed a Brexit deal. Indications that Italy is willing to reach a

compromise over its 2019 budget plans also strengthened the common

bloc currency.

• Gold prices gained ahead of the U.S.‐China trade meet scheduled later

during the week at the G20 summit.

• Brent crude prices moved up on expectations that Organization of the

Petroleum Exporting Countries (OPEC) might introduce new measures

reduce its output in its upcoming meeting.

• As per latest figures from the Munich‐based institute, Germany's Ifo

business confidence indicator fell more than expected to 102 in Nov

2018 from upwardly revised 102.9 in Oct 2018. The expectations index o f

the survey dropped to 98.7 in Nov from 99.7 in Oct. Also, the current

conditions index fell to 105.4 from 106.1 in Oct.

• According to the latest survey by Nikkei, Japan’s preliminary

manufacturing Purchasing Managers Index (PMI) stood at 51.8 in Nov

2018 as against 52.9 in Oct 2018.

MarketsforYou

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your time.