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09 Dec 2019
Markets for You
Global Indices
Global Indices 06-Dec Prev_Day Abs. Change
% Change
#
Russell 3000 1,384 1,372 12 0.88
Nasdaq 8,657 8,571 86 1.00
FTSE 7,240 7,138 102 1.43
Nikkei 23,354 23,300 54 0.23
Hang Seng 26,498 26,217 281 1.07
Indian Indices 06-Dec Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 40,445 40,780 -334 -0.82
Nifty 50 11,922 12,018 -97 -0.81
Nifty 100 12,025 12,127 -102 -0.84
Nifty 500 9,669 9,758 -88 -0.90
Nifty Bank 31,342 31,713 -371 -1.17
S&P BSE Power 1,865 1,887 -22 -1.16
S&P BSE Small Cap 13,339 13,455 -116 -0.86
S&P BSE HC 13,349 13,472 -124 -0.92
Date P/E Div. Yield P/E Div. Yield
6-Dec 28.39 1.14 27.78 1.25
Month Ago 27.73 1.14 27.71 1.25
Year Ago 22.96 1.24 25.65 1.25
Nifty 50 Top 3 Gainers
Company 06-Dec Prev_Day
% Change
#
Bharti Infratel 260 246 5.55
Kotak Bank 1674 1649 1.52
JSW Steel 254 251 1.05
Nifty 50 Top 3 Losers Domestic News
Company 06-Dec Prev_Day
% Change
#
Yes Bank 56 62 -9.82
SBI 320 336 -4.82
Zee Ente. 288 300 -4.12
Advance Decline Ratio
BSE NSE
Advances 827 527
Declines 1702 1316
Unchanged 179 110
Institutional Flows (Equity)
Description (Cr) YTD
FII Flows* 92114
MF Flows** 52179
*6
th
Dec 2019; **3
rd
Dec 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
4.62%
(Oct-19)
3.38%
(Oct-18)
IIP
-4.30%
(Sep-19)
4.60%
(Sep-18)
GDP
4.50%
(Sep-19)
7.00%
(Sep-18)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
09 December 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
1.30%
(Jun-19)
5.00%
(Jun-19)
Quarter Ago
Inflow/Outflow
809
437
3.15%
(Jul-19)
• Indian equity markets fell on concerns over weakening domestic growth
and rising inflationary risks. On Dec 5, 2019, the Reserve Bank of India (RBI)
kept interest rates unchanged, defying expectations of 25 basis points cut.
The central bank lowered its GDP growth forecast for FY20 to 5% from
6.1% and increased inflation projection from 4.7% to 5.1%.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.82% and 0.81%
to close at 40,445.15 and 11,921.50 respectively. S&P BSE MidCap and S&P
BSE SmallCap lost 1.26% and 0.86% respectively.
• The overall market breadth on BSE was weak with 827 scrips advancing and
1,702 scrips declining. A total of 180 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Telecom was the only gainer, up 0.21%.
S&P BSE Auto was the major loser, down 1.78% followed by S&P BSE
Finance, down 1.34% and S&P BSE Realty, down 1.33%.
• The Reserve Bank of India (RBI) tightened exposure norms for urban
cooperative banks (UCBs). The objective of the move is to protect the
interest of the depositors. Detail guidelines will be issued by the central
bank shortly. RBI also mandated that urban cooperative banks with a loan
book of more than Rs. 500 crore will report the details of their large
exposures to the Central Repository for Information on Large Credit
(CRILC). In addition, RBI also came out with a comprehensive cybersecurity
framework for UCBs. The move is expected to improve the cybersecurity
preparedness, enable UCBs to provide a wide variety of payment services
and bring in higher penetration of information technology. Detail
guidelines will be issued by Dec 31, 2019.
• RBI has decided to set up a self-regulatory body (SRB) for the development
of secondary market for corporate loans. The SRB’s responsibility would
include standardizing documents and mandating the practices and
covenants related to transactions in the secondary market for corporate
loans.
• RBI issued final guidelines for ‘on-tap’ licensing of small finance banks
(SFBs) where it doubled the minimum capital requirement to Rs. 200 crore
from Rs. 100 crore set earlier. The central bank also took note of the
inherent risk of small finance banks and mandated that such banks need to
maintain a minimum capital adequacy ratio of 15% of its risk weighted
assets on a continuous basis. RBI also made it mandatory for SFBs to get
listed within three years after it reaches a networth of Rs. 500 crore. In
addition, RBI has allowed payment banks to get themselves converted into
SFBs after five years of operation provided they meet the eligibility criteria.
• RBI has proposed to introduce a new type of Pre-Paid Payment Instruments
(PPI) which can be used only for purchase of goods and services up to a limit
of Rs. 10,000 crore. Such PPIs can be used for making only digital payments
such as bill payments, merchant payments, etc.
• Asian equity markets were mostly higher as hopes arose that U.S. and China
could arrive at a phase one trade deal before Dec 15. Fresh round of U.S.
tariffs on Chinese imports are scheduled to start from Dec 15. Today (as of
Dec 09), Asian markets opened mostly higher as China’s exports declined in
Nov 2019 for the fourth consecutive month, a media agency reported citing
customs data. While Nikkei was trading up 0.26%, Hang Seng was down
0.10% (as at 8.a.m. IST).
• European markets closed higher as investors welcomed unexpectedly
upbeat U.S. jobs data for Nov 2019. The data gave investors hope of an
improving economy.
• U.S. markets gained as investors cheered upbeat jobs data. The quantum of
increase in jobs for Nov 2019 exceeded expectations.
Markets for You
FII Derivative Trade Statistics 06-Dec
(Rs Cr) Buy Sell Open Int.
Index Futures 3108.65 3773.58 12803.05
Index Options 524452.99 523450.68 42029.66
Stock Futures 11112.56 11385.18 95156.41
Stock Options 3834.87 3854.93 2988.97
Total 542509.07 542464.37 152978.09
06-Dec Prev_Day Change
Put Call Ratio (OI) 1.25 1.35 -0.09
Put Call Ratio(Vol) 0.98 0.97 0.00
06-Dec Wk. Ago Mth. Ago Year Ago
Call Rate 5.05% 5.06% 5.07% 6.34%
T-Repo 4.89% 4.90% 4.93% 6.30%
Repo 5.15% 5.15% 5.15% 6.50%
Reverse Repo 4.90% 4.90% 4.90% 6.25%
91 Day T-Bill 5.00% 4.85% 4.97% 6.67%
364 Day T-Bill 5.15% 5.11% 5.21% 7.08%
10 Year Gilt 6.67% 6.47% 6.49% 7.42%
G-Sec Vol. (Rs.Cr) 33491 36131 36458 78883
FBIL MIBOR 5.20% 5.25% 5.25% 6.50%
3 Month CP Rate 5.55% 5.30% 5.60% 7.35%
5 Year Corp Bond 7.62% 7.47% 7.42% 8.34%
1 Month CD Rate 4.98% 5.00% 5.38% 6.60%
3 Month CD Rate 5.14% 5.08% 5.14% 7.21%
1 Year CD Rate 5.93% 5.79% 5.92% 8.19%
Currency 06-Dec Prev_Day Change
USD/INR 71.32 71.55 -0.23
GBP/INR 93.88 93.81 0.06
EURO/INR 79.19 79.29 -0.10
JPY/INR 0.66 0.66 0.00
Commodity 06-Dec Wk Ago Mth. Ago Year Ago
NYMEX Crude($/bl
)
59.15 58.07 56.10 51.49
Brent Crude($/bl) 68.34 66.34 62.25 57.85
Gold( $/oz) 1460 1464 1490 1238
Gold(Rs./10 gm) 38032 37876 38304 30987
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
09 December 2019
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
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sources and which are deemed to be reliable. The information provided cannot be considered as guidelines, recommendations or as a professional guide for the readers. It may be noted that since Reliance Nippon
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Indian Debt Market
Currency Market Update
Commodity Market Update
International News
• Nifty Dec 2019 Futures stood at 11,955.70, a premium of 34.20 points
above the spot closing of 11,921.50. The turnover on NSE’s Futures and
Options segment fell to Rs. 10,03,596.87 crore on December 06, 2019,
compared with Rs. 30,97,946.67 crore on December 05, 2019.
• The Put-Call ratio stood at 1 compared with the previous session’s close of
0.82.
• The Nifty Put-Call ratio stood at 1.25 compared with the previous session’s
close of 1.35.
• Open interest on Nifty Futures stood at 13.99 million, compared with the
previous session’s close of 13.68 million.
• Bond yields continued to rise tracking the outcome of the monetary policy
meeting, where the rate-cutting panel kept the policy rate unchanged amid
higher inflation. This also raised ambiguity over future rate cuts while
dampening market sentiments.
• Yield on the new 10-year benchmark paper (6.45% GS 2029) rose 6 bps to
close at 6.67% compared with the previous close of 6.61% after trading in a
range of 6.59% to 6.68%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,739 crore (gross) on Dec 6, 2019 compared with
borrowings of Rs. 3,577 crore (gross) on Dec 5, 2019. Sale of securities
under Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 25,045
crore on Dec 5, 2019.
• Banks borrowed Rs. 4,780 crore under the central bank’s Marginal Standing
Facility on Dec 5, 2019 compared with borrowings of Rs. 3,950 crore on Dec
4, 2019.
• TheIndianrupeeinspottraderoseagainstthegreenbackamidoptimism
over trade talks between U.S. and China. However, losses in the domestic
equity market capped the gains. The rupee closed at 71.19 a dollar, up
0.13% compared with the previous close 71.28.
• The euro fell against the U.S. dollar after the U.S. nonfarm payroll
employment data for Nov 2019 came better than market expectations.
• Gold prices fell as the U.S. dollar strengthened after the U.S. nonfarm
payroll employment data for Nov 2019 came better than market
expectations.
• Brent crude prices rose after OPEC and its allies agreed to deepen oil
production cuts through to March 2020.
• A Labor Department report showed non-farm payroll employment surged
up by 266,000 jobs in Nov 2019 after climbing 156,000 jobs in Oct 2019.
• Preliminary data by the University of Michigan showed consumer sentiment
index climbed to 99.2 in Dec from the final Nov 2019 reading of 96.8.
• A Commerce Department report showed wholesale inventories in the U.S.
crept up by slightly less than expected in Oct 2019 by 0.1% after falling 0.7%
in Sep 2019.
• Federal Reserve report showed consumer credit in the U.S. increased by
more than anticipated in Oct 2019 by $18.9 billion after climbing $9.6 billion
in Sep 2019.
Markets for You
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