30 Nov 2018
Markets for You
Global Indices
Global Indices 29-Nov Prev_Day Abs. Change
% Change
#
Dow Jones 25,339 25,366 -28 -0.11
Nasdaq 7,273 7,292 -19 -0.25
FTSE 7,039 7,005 34 0.49
Nikkei 22,263 22,177 86 0.39
Hang Seng 26,451 26,683 -232 -0.87
Indian Indices 29-Nov Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,170 35,717 453 1.27
Nifty 50 10,859 10,729 130 1.21
Nifty 100 11,066 10,940 126 1.15
Nifty Bank 26,940 26,458 482 1.82
SGX Nifty 10,860 10,715 145 1.35
S&P BSE Power 1,914 1,924 -10 -0.53
S&P BSE Small Cap 14,353 14,321 31 0.22
S&P BSE HC 14,082 13,983 98 0.70
Date P/E Div. Yield P/E Div. Yield
29-Nov 23.85 1.19 26.27 1.22
Month Ago 21.32 1.34 24.65 1.31
Year Ago 24.83 1.16 26.51 1.07
Nifty 50 Top 3 Gainers
Company 29-Nov Prev_Day
% Change
#
Bajaj Auto 2724 2604 4.61
Kotak Bank 1213 1160 4.54
Hindalco 225 216 3.91
Nifty 50 Top 3 Losers Domestic News
Company 29-Nov Prev_Day
% Change
#
HCL Tech 1013 1043 -2.84
Power Grid 181 184 -2.06
ONGC 141 143 -1.54
Advance Decline Ratio
BSE NSE
Advances 1310 889
Declines 1305 906
Unchanged 143 105
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -36966
MF Flows** 114879
*29
th
Nov 2018; **28
th
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)
30 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
Nifty
7.00%
(Jun-18)
7.70%
(Mar-18)
Quarter Ago
Inflow/Outflow
87
1142
4.17%
(Jul-18)
• Indian equity markets gained yet again as the rupee strengthened, oil
prices slid and U.S. Fed chief's speech gave investors confidence. The
rupee ended at 3-month high and crude touched the lowest level since
Oct 2017. The combination of a strong rupee and weak oil prices augurs
well for the country’s inflation. Investors saw Fed chairman’s comments
to be dovish as he stated that policy rate is below the neutral rate. A
neutral rate refers to a level which neither stimulates nor confines
economic growth. This could mean Fed may go slow with interest rate
hike in 2019.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.27% and
1.21% to close at 36,170.41 and 10,858.70, respectively. S&P BSE Mid-Cap
gained 0.62%, while S&P BSE Small Cap increased 0.22%.
• On the BSE sectoral front, S&P BSE Metal was the major gainer, up
2.01%, followed by S&P BSE Bankex, up 1.75%, and S&P BSE Finance, up
1.66%. S&P BSE Energy and S&P BSE Basic Materials gained 1.48% and
1.41%, respectively. S&P BSE Information Technology was the major loser,
down 1%, followed by S&P BSE Utilities and S&P BSE Teck, down 0.73%
and 0.7%, respectively.
• The Central Statistical Office (CSO) has released the revised GDP figures.
Recalibrating data of past years using 2011-12 as the base year in place of
2004-05, the CSO estimated that India's GDP grew 8.5% in 2010-11 (April
2010 to March 2011) and not 10.3% as previously estimated. Similarly,
9.3% growth rate each in 2005-06 and 2006-07 was lowered to 7.9% and
8.1%, respectively, while 7.7% rate was now estimated for 2007-08
instead of 9.8%.
• Indian companies’ foreign borrowings decreased almost 66% to $1.41
billion in Oct 2018, according to Central Bank's data. India Inc had
borrowed $4.09 billion from overseas markets through external
commercial borrowings as well as foreign currency convertible bonds in
Oct 2017. There was additional borrowings of $314.99 million through
rupee denominated bonds in the year-ago period but remained
unchanged in Oct 2018. Of the total borrowing amount in Oct 2018,
Indian companies brought in $1.40 billion via the automatic route and the
rest of $8.54 million via approval route.
• Finance minister is in favour of developing a federal institution like GST
Council in the healthcare and farm sectors. He said it is required as states
and Centre both spend on healthcare and have their respective schemes,
which need to be merged to benefit the masses.
• Niti Aayog vice-chairman said India will have to carry out more reforms
and try harder to grow at over 8%. He said, breaching the 8% growth
ceiling is not easy and the government will have to try much harder and
undertake the reforms at the level where it matters.
• China and India have signed a protocol under which India will be able to
export fish meal and fish oil to China. The protocol on hygiene and
inspection needs for the exports was signed during the visit of Chinese
vice minister, general administration of customs to India. This will enable
India to start export of fish meal and fish oil to China, which were hitherto
not allowed. China imports fish oil worth $143.29 million and fish meal
worth $263.43 million per year.
Markets for You
• Asian equity markets were mixed as investors were buoyed by U.S.
Federal Reserve (Fed) chairman’s speech on the one hand and anxious
over the upcoming G20 meeting on the other. The Fed chairman said
current interest rate is 'just below a range of estimates of so-called
neutral level. Today (as of Nov 30), Asian markets opened higher as
investors were optimistic that the upcoming meeting between the U.S.
President and Chinese leader may ease escalating trade tensions between
the two countries. Both Nikkei and Hangseng were trading up 0.13% and
0.35%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed almost higher following
dovish comments from Fed’s chairman that U.S. interest rates were just
below neutral, implying that Fed's three-year tightening cycle is near to
close. However, lingering uncertainty about trade dispute between U.S.
and China restricted the gains.
• As per the last close, U.S markets closed lower following disappointing
economic data. Investor sentiment dampened further as hopes of a trade
deal to be struck between China and the U.S. lowered.
FII Derivative Trade Statistics 29-Nov
(Rs Cr) Buy
Sell Open Int.
Index Futures 10546.28 9479.23 34108.21
Index Options 101978.94 102074.91 74626.56
Stock Futures 35975.14 36545.86 87913.22
Stock Options 9396.62 9291.16 10064.77
Total 157896.98 157391.16 206712.76
29-Nov Prev_Day
Change
Put Call Ratio (OI) 2.17 1.81 0.36
Indian Debt Market
Put Call Ratio(Vol) 1.10 1.14 -0.05
29-Nov Wk. Ago Mth. Ago
Year Ago
Call Rate 6.36% 6.48% 6.44% 5.88%
T-Repo 6.30% 6.48% - -
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.72% 6.68% 6.91% 6.13%
364 Day T-Bill 7.19% 7.20% 7.41% 6.28%
10 Year Gilt 7.61% 7.71% 7.81% 7.03%
G-Sec Vol. (Rs.Cr) 62918 47027 35716 42327
Currency Market Update
FBIL MIBOR 6.55% 6.60% 6.60% 6.00%
3 Month CP Rate 7.75% 7.85% 8.65% 6.80%
5 Year Corp Bond 8.47% 8.51% 8.78% 7.69%
1 Month CD Rate 6.94% 6.85% 7.07% 6.05%
3 Month CD Rate 7.13% 7.31% 7.73% 6.24%
1 Year CD Rate 8.48% 8.12% 8.35% 6.62%
Commodity Market Update
Currency 29-Nov Prev_Day
Change
USD/INR 69.92 70.69 -0.77
GBP/INR 89.74 90.14 -0.40
EURO/INR 79.58 79.88 -0.30
International News
JPY/INR 0.62 0.62 0.00
Commodity 29-Nov Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 51.41 54.38 66.95 57.20
Brent Crude($/bl) 57.88 60.25 78.45 64.53
Gold( $/oz) 1224 1227 1229 1283
Gold(Rs./10 gm) 30360 30834 31784 29441
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
30 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 spot closing of 10858.7 points. Nifty
Dec 2018 Futures were at 10890.4 points, a premium of 31.70 points,
over the spot closing. The turnover on NSE’s Futures and Options
segment increased to Rs. 18,84,936.48 crore on Nov 29 compared with
Rs. 9,81,152.54 crore on Nov 28.
• The Put-Call ratio stood at 0.96 compared with the previous session’s
close of 1.03.
• The Nifty Put-Call ratio stood at 2.17 compared with the previous
session’s close of 1.81.
• India VIX increased 4.25% to 18.7250 compared with 17.9600 at the
previous trading session.
• Bond yield fell for second consecutive day following sharp gains in the
rupee and lower crude oil prices. Also, the Reserve Bank of India’s
announcement to purchase bonds worth Rs. 500 billion in Dec 2018 via
open market operations added to the gains.
• Yield on the 10-year benchmark paper (7.17% GS 2028) fell 3 bps to
7.61% compared with the previous close of 7.64% after trading in the
range of 7.57% to 7.63%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,896 crore (gross) on Nov 29 compared with a
borrowing of Rs. 3,971 crore (gross) on Nov 28. Sale of securities under
RBI’s reverse repo window stood at Rs. 20,868 crore on Nov 28.
• Banks borrowed Rs. 200 crore under the central bank’s Marginal
Standing Facility on Nov 28 compared with borrowing of Rs. 35 crore on
Nov 27.
• The Indian rupee surged against the greenback and surged to its
highest level since Aug 21 after comments by the U.S. Fed chief
indicated that the U.S. central bank might be at the end of the monetary
tightening cycle.
• The euro inched up against the greenback after comments by the U.S.
Fed chief indicated that the U.S. central bank might be at the end of the
monetary tightening cycle. However, gains were capped as market
participants preferred to remain on the sidelines ahead of the G20
summit.
• Gold prices inched up on expectations of less aggressive policy stance
by the Fed as hinted by the Fed Chief in its latest speech.
• Brent crude prices fell on concerns over the supply glut after the
Energy Information Administration (EIA) indicated that U.S. crude
inventories for the week ending Nov 23 rose higher than expected.
• The U.S. Federal Reserve chairman at his speech before the Economic
Club of New York described the present level of interest rates as "just
below" neutral. Fed has raised rates three times in 2018 to a range of 2
to 2.25% and has forecast another rate hike before the end of the year.
• The Ministry of Economy, Trade and Industry Retail data showed sales
in Japan increased a seasonally adjusted 1.2% MoM in Oct 2018. It was
more than expectations for an increase of 0.4% following the 0.2% drop
in Sep 2018. Annually, retail sales increased 3.5%, leaving behind
forecasts for an increase of 2.7%.
Markets for You
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