Global Indices
Global Indices 04-Dec Prev_Day Abs. Change
% Change
Russell 3000 1,891 1,878 13 0.70
Nasdaq 12,464 12,377 87 0.70
FTSE 6,550 6,490 60 0.92
Nikkei 26,751 26,809 -58 -0.22
Hang Seng 26,836 26,729 107 0.40
Indian Indices 04-Dec Prev_Day Abs. Change
% Change
S&P BSE Sensex 45,080 44,633 447 1.00
Nifty 50 13,259 13,134 125 0.95
Nifty 100 13,397 13,281 116 0.87
Nifty 500 10,979 10,894 85 0.78
Nifty Bank 30,052 29,449 604 2.05
S&P BSE Power 2,084 2,079 6 0.28
S&P BSE Small Cap 17,317 17,246 72 0.42
S&P BSE HC 20,977 20,788 190 0.91
Date P/E Div. Yield P/E Div. Yield
4-Dec 32.18 0.90 36.46 1.20
Month Ago 28.22 1.00 32.27 1.33
Year Ago 28.64 1.13 28.07 1.24
Nifty 50 Top 3 Gainers
Company 04-Dec Prev_Day
% Change
Hindalco 253 242 4.42
ICICI Bank 502 482 4.19
Adani Ports & SEZ 454 436 4.11
Nifty 50 Top 3 Losers Domestic News
Company 04-Dec Prev_Day
% Change
RIL 1947 1964 -0.88
HDFC Standard Life Insurance Company Limited
643 648 -0.73
Bajaj Finserv Limited 9052 9114 -0.68
Advance Decline Ratio
BSE NSE
Advances 1606 1088
Declines 1286 846
Unchanged 177 96
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 124764
MF Flows** -28408
*4
th
Dec 2020; **1
st
Dec 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
7.61%
(Oct-20)
4.62%
(Oct-19)
IIP
0.20%
(Sep-20)
-4.60%
(Sep-19)
GDP
-7.50%
(Sep-20)
4.40%
(Sep-19)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
07 December 2020
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
-16.60%
(Jun-20)
-23.90%
(Jun-20)
Quarter Ago
Inflow/Outflow
-786
3686
6.73%
(Jul-20)
• Indian equity markets rose after Monetary Policy Committee, in its latest
policy meeting, left key lending rates unchanged, as expected. Further, the
central bank committee revised upwards the economic growth projections
for FY21 and assured ample liquidity for the stressed sectors.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1% and 0.95%
to close at 45,079.55 and 13,258.55 respectively.
• The overall market breadth on BSE was strong with 1,606 scrips advancing
and 1,286 scrips declining. A total of 177 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Bankex was the major gainer, up 2.14%
followed by S&P BSE Telecom, up 1.88% and S&P BSE Consumer Durables,
up 1.4%. S&P BSE Energy was the only loser, down 0.6%.
• The Monetary Policy Committee (MPC) in its monetary policy review kept
key policy repo rate unchanged at 4.0%. The reverse repo rate thus
remained unchanged at 3.35% and the marginal standing facility rate and
the bank rate also stood unchanged at 4.25%. The MPC also decided to
continue with its accommodative stance as long as necessary – at least
during the current financial year and into the next financial year – to revive
growth of the Indian economy on a durable basis and mitigate the impact
of COVID-19 pandemic on the economy, while ensuring that inflation
remains within the target going forward. All the members of the MPC
unanimously voted for keeping the policy repo rate unchanged and
continuing with the accommodative stance on the monetary policy.
• According to MPC, the outlook for retail inflation has turned adverse
relative to expectations in the last two months. MPC projected retail
inflation at 6.8% for Q3FY21, 5.8% for Q4FY21 and in a range of 4.6% to
5.2% for H1FY22.
• According to MPC, the recovery in rural demand is expected to improve
further while urban demand will continue to gain momentum as restrictions
on coronavirus lockdowns are gradually relaxed. MPC projected the Indian
economy to contract 7.5% in FY21 and then grow 0.1% in Q3FY21, 0.7% in
Q4FY21 and in a range of 6.5% to 21.9% in H1FY22.
• DBS Bank India Limited (DBIL) has declared that DBS Bank Limited,
Singapore, has earned a capital infusion of Rs. 2,500 crore to finance its
amalgamation with Lakshmi Vilas Bank.
• As per media reports, Tata Sons is seeking up to $1 billion in overseas loans
to set up a globally scalable mobile phone and component contract
manufacturing plant in Tamil Nadu that will begin by producing iPhone
parts.
• Asian markets witnessed mixed trend as uncertainty over Brexit and
concerns over rising COVID-19 cases across the U.S. neutralised hopes that
governments in countries such as Japan, the U.S. and Europe will deliver
large-scale stimulus measures. Today (as on Nov 07), Asian markets rose as
sentiment improved around coronavirus vaccine rollouts and U.S. stimulus
hopes. Both Nikkei and Hang Seng rose 0.1% and 0.40%, respectively (as at
8 a.m. IST).
• European markets rose on optimism over a rapid economic recovery from
the coronavirus pandemic. Vaccine hopes, higher oil prices and increasing
prospects of a big U.S. economic stimulus package helped supported
sentiment.
• U.S. markets gained despite the Labor Department report showed much
weaker than expected non-farm job growth in Nov 2020. Non-farm payroll
employment increased 245,000 jobs in Nov 2020 after surging by a
downwardly revised 610,000 jobs in Oct 2020.
Markets for You
FII Derivative Trade Statistics 04-Dec
(Rs Cr) Buy
Sell Open Int.
Index Futures 3319.68 3144.11 14427.39
Index Options 515481.63 515130.09 60870.22
Stock Futures 16086.34 15551.96 101714.13
Stock Options 4315.01 4365.47 4769.71
Total 539202.66 538191.63 181781.45
04-Dec Prev_Day
Change
Put Call Ratio (OI) 1.57 1.38 0.19
Put Call Ratio(Vol) 1.03 1.12 -0.10
04-Dec Wk. Ago Mth. Ago
Year Ago
Call Rate 3.06% 3.13% 3.16% 5.02%
T-Repo 3.00% 2.88% 2.96% 4.73%
Repo 4.00% 4.00% 4.00% 5.15%
Reverse Repo 3.35% 3.35% 3.35% 4.90%
91 Day T-Bill 2.97% 2.89% 3.17% 4.90%
364 Day T-Bill 3.36% 3.33% 3.43% 5.08%
10 Year Gilt 5.90% 5.89% 5.88% 6.47%
G-Sec Vol. (Rs.Cr) 34649 45782 20990 39049
FBIL MIBOR 3.35% 3.40% 3.40% 5.19%
3 Month CP Rate 3.30% 3.15% 3.35% 5.25%
5 Year Corp Bond 6.37% 6.39% 6.48% 7.39%
1 Month CD Rate 3.07% 2.98% 3.14% 4.84%
3 Month CD Rate 3.30% 3.22% 3.19% 5.01%
1 Year CD Rate 3.61% 3.57% 3.72% 5.76%
Currency 04-Dec Prev_Day
Change
USD/INR 73.74 73.89 -0.15
GBP/INR 99.26 98.93 0.33
EURO/INR 89.64 89.55 0.09
JPY/INR 0.71 0.71 0.00
Commodity 04-Dec Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 46.18 45.55 38.95 58.41
Brent Crude($/bl) 49.27 46.06 38.48 67.09
Gold( $/oz) 1838 1788 1903 1474
Gold(Rs./10 gm) 49153 48778 51069 38162
Source: Refinitiv
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
Readers are requested to click here for ICRA Analytics Ltd disclaimer
07 December 2020
Derivative Statistics- Nifty Options
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• Nifty Dec 2020 Futures stood at 13,311.60, a premium of 53.05 points
above the spot closing of 13,258.55. The turnover on NSE’s Futures and
Options segment fell to Rs. 18,03,469.56 crore on December 04, 2020,
compared with Rs. 49,24,536.60 crore on December 03, 2020.
• The Put-Call ratio stood at 0.87 compared with the previous session’s close
of 0.96.
• The Nifty Put-Call ratio stood at 1.57 compared with the previous session’s
close of 1.38.
• Open interest on Nifty Futures stood at 13.6 million, compared with the
previous session’s close of 12.86 million.
• Bond yields fell as many market participants had expected some liquidity-
absorbing measure from the Reserve Bank of India (RBI). Meanwhile,
Monetary Policy Committee (MPC) maintained its status quo on the key
policy rate.
• Yield on the 10-year benchmark paper (5.77% GS 2030) fell 3 bps to close at
5.90% from the previous close of 5.93% after trading in the range of 5.89%
to 5.93%.
• RBI announced the auction of 91 days, 182 days and 364 days Treasury Bills
for a notified amount of Rs. 9,000 crore, Rs. 3,000 crore and Rs. 4,000 crore,
respectively on Dec 09, 2020.
• Banks borrowed Rs. 8 crore on Dec 03, 2020 under the central bank’s
marginal standing facility compared with nil borrowing on Dec 02, 2020.
• The Indian rupee gained against the U.S. dollar, supported by a broad
greenback fall and robust portfolio flows. However, intervention by the
Reserve Bank of India (RBI) through dollar buying by state-run banks
restricted gains.
• Euro rose against the U.S. dollar as market participants anticipated the
greenback to fall and that the worst of the COVID-19 pandemic may be over
within months.
• Gold prices fell on profit booking.
• Brent crude prices rose as major oil producers came to an agreement to
continue some cuts to production to cope with coronavirus-hit demand
even though they agreed to increase output slightly from Jan 2020.
• According to the Labor Department, U.S. non-farm payroll employment rose
by 245,000 jobs in Nov 2020 after increasing by a downwardly revised
610,000 jobs in Oct 2020. Despite the weaker than expected job growth,
the unemployment rate dipped to 6.7% in Nov from 6.9% in Oct.
• According to the Destatis, Germany’s factory orders grew 2.9 percent on
month in Oct 2020 as against 1.1% rise in Sep 2020. Domestic and foreign
orders rose 2.4% and 3.2%, respectively in Oct.
• According to the Institute for Supply Management, U.S. services Purchasing
Manager’s Index (PMI) fell to 55.9 in Nov 2020 after dipping to 56.6 in Oct
2020. However, the ISM said the employment index rose to 51.5 in Nov from
50.1 in Oct.
Markets for You
