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23 Dec 2019
Markets for You
Global Indices
Global Indices 20-Dec Prev_Day Abs. Change
% Change
#
Russell 3000 1,421 1,414 6 0.45
Nasdaq 8,925 8,887 38 0.42
FTSE 7,582 7,574 9 0.11
Nikkei 23,817 23,865 -48 -0.20
Hang Seng 27,871 27,800 71 0.25
Indian Indices 20-Dec Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 41,682 41,674 8 0.02
Nifty 50 12,272 12,260 12 0.10
Nifty 100 12,363 12,344 20 0.16
Nifty 500 9,905 9,892 13 0.13
Nifty Bank 32,385 32,241 144 0.45
S&P BSE Power 1,898 1,888 10 0.53
S&P BSE Small Cap 13,391 13,395 -4 -0.03
S&P BSE HC 13,398 13,455 -57 -0.42
Date P/E Div. Yield P/E Div. Yield
20-Dec 29.18 1.11 28.60 1.22
Month Ago 28.38 1.14 27.23 1.24
Year Ago 23.94 1.19 26.50 1.21
Nifty 50 Top 3 Gainers
Company 20-Dec Prev_Day
% Change
#
Titan Industries Limited 1202 1159 3.70
Tata Steel 461 447 3.19
Yes Bank 51 50 3.01
Nifty 50 Top 3 Losers Domestic News
Company 20-Dec Prev_Day
% Change
#
Vedanta Limited 144 149 -3.41
Kotak Bank 1693 1730 -2.13
Tata Motors 176 179 -1.79
Advance Decline Ratio
BSE NSE
Advances 1265 888
Declines 1245 938
Unchanged 174 141
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 97249
MF Flows** 54457
*20
th
Dec 2019; **19
th
Dec 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
5.54%
(Nov-19)
2.33%
(Nov-18)
IIP
-3.80%
(Oct-19)
8.40%
(Oct-18)
GDP
4.50%
(Sep-19)
7.00%
(Sep-18)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
23 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
4.90%
(Jul-19)
5.00%
(Jun-19)
Quarter Ago
Inflow/Outflow
-544
836
3.28%
(Aug-19)
• Indian equity markets exited the week with another record setting session,
though the gains were slight. Other than the improving U.S.-China trade
relations, sentiment was buoyed by Reserve Bank of India’s decision to sell
short-term securities and buy long-term government debt papers for Rs.
10,000 crore each on Dec 23, 2019. This would lower the rate without
expanding the central bank’s balance sheet, analysts opined.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.02% and 0.1%
to close at 41,681.54 and 12,271.80 respectively. S&P BSE MidCap gained
0.15% and S&P BSE SmallCap lost 0.03%.
• The overall market breadth on BSE was strong with 1,265 scrips advancing
and 1,245 scrips declining. A total of 174 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Consumer Durables was the major gainer,
up 1.2% followed by S&P BSE Telecom, up 0.92% and S&P BSE Realty, up
0.63%. S&P BSE Healthcare was the major loser, down 0.42% followed by
S&P BSE Auto, down 0.37% and S&P BSE Energy, down 0.24%.
• Media reports showed the Reserve Bank of India (RBI) in the first of its kind
open market operation, will carry out a simultaneous sale and purchase of
bonds. The RBI said it will buy Rs. 100 billion ($1.4 billion) worth of the
current benchmark 10-year bond while selling four bonds maturing in 2020
for an equivalent amount. This is being seen as an attempt to bring longer-
term yields lower and is similar to the 'Operation Twist' that the U.S. had
seen near the start of the decade. Bond yields have been rising from the
time RBI unexpectedly left its key repo rate unchanged earlier in Dec 2019.
• Monetary Policy Committee (MPC) meeting minutes showed policymakers
felt there is room to reduce interest rates further to limit any further
weakening in growth. Status quo was maintained by MPC because of rising
food prices. The Reserve Bank of India unexpectedly left its key repo rate
unchanged at 5.15% earlier in Dec 2019, even as it cut its forecast for
economic growth to its lowest in over a decade. The minutes showed
members felt the current rise in the headline inflation rate could moderate
by the second quarter of 2020-21. Some expressed concern on the possibility
of a spillover to non-food inflation.
• According to media reports, the Prime Minister said the government is
working to decriminalise provision of Companies Act. This will make it easier
to do business in the country. The Prime Minister said business failure is not a
crime and failure of companies is not always because of financial
mismanagement. Only who have risk taking capacity can lead the country
and society, he added.
• A prominent global rating agency has affirmed India's Long-Term Foreign-
Currency Issuer Default Rating (IDR) at 'BBB-' with a stable outlook. The
agency said its outlook on India's GDP growth is still solid against that of
peers.
• Asian equity markets were mixed as trading remained thin in pre-Christmas
session. Sentiment was supported by China unveiling a new list of import
tariff exemptions on certain U.S. goods. U.S. Treasury Secretary said the two
countries would sign their phase one trade deal in early Jan 2020. Today (as
on Dec 23), Asian market opened higher amid greater trade optimism
between the U.S. and China. Both Nikkei and Hang Seng were trading up
0.11% and 0.18%, respectively (as at 8.a.m. IST).
• European markets gained as investor sentiment was buoyed that the rally
triggered by the U.S.-China trade pact will continue well into the New Year.
• U.S. markets touched all-time highs yet again as geopolitical tensions looked
fading. U.S. President said he had a “very good talk” with Chinese President
about the deal and China has started large scale purchases of agricultural
product and more.
Markets for You
FII Derivative Trade Statistics 20-Dec
(Rs Cr) Buy
Sell Open Int.
Index Futures 3445.79 2626.73 16152.77
Index Options 387294.07 384478.54 51102.62
Stock Futures 14359.40 14025.02 98576.98
Stock Options 4977.84 4892.88 3624.85
Total 410077.10 406023.17 169457.22
20-Dec Prev_Day
Change
Put Call Ratio (OI) 1.73 1.90 -0.17
Put Call Ratio(Vol) 1.14 1.06 0.08
20-Dec Wk. Ago Mth. Ago
Year Ago
Call Rate 5.09% 4.97% 5.07% 6.44%
T-Repo 4.89% 4.78% 4.97% 6.44%
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% 5.00% 5.02% 6.59%
364 Day T-Bill 5.17% 5.24% 5.14% 6.96%
10 Year Gilt 6.60% 6.79% 6.46% 7.27%
G-Sec Vol. (Rs.Cr) 61012 30233 54917 45131
FBIL MIBOR 5.23% 5.15% 5.25% 6.60%
3 Month CP Rate 5.40% 5.37% 5.50% 7.20%
5 Year Corp Bond 7.70% 7.90% 7.44% 8.23%
1 Month CD Rate 5.08% 4.91% 5.04% 6.90%
3 Month CD Rate 5.13% 5.06% 5.08% 6.90%
1 Year CD Rate 6.04% 5.82% 5.83% 8.16%
Currency 20-Dec Prev_Day
Change
USD/INR 71.16 71.08 0.08
GBP/INR 92.62 93.00 -0.38
EURO/INR 79.11 79.10 0.01
JPY/INR 0.65 0.65 0.00
Commodity 20-Dec Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
60.38 60.06 56.66 45.59
Brent Crude($/bl) 70.50 69.28 65.04 52.78
Gold( $/oz) 1478 1476 1471 1260
Gold(Rs./10 gm) 37957 37691 38305 31040
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
23 December 2019
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
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Indian Debt Market
Currency Market Update
Commodity Market Update
International News
• Nifty Dec 2019 Futures stood at 12,290.00, a premium of 18.20 points above
the spot closing of 12,271.80. The turnover on NSE’s Futures and Options
segment fell to Rs. 7,32,177.39 crore on December 20, 2019, compared with
Rs. 28,12,246.82 crore on December 19, 2019.
• The Put-Call ratio stood at 0.91 compared with the previous session’s close of
0.78.
• The Nifty Put-Call ratio stood at 1.73 compared with the previous session’s
close of 1.9.
• Open interest on Nifty Futures stood at 16.36 million, compared with the
previous session’s close of 16.19 million.
• Bond yields saw a sharp plunge following RBI’s announcement of purchasing
10-year benchmark bond of up to Rs. 100 billion and selling one-year bonds
of a similar value in the upcoming week.
• Yield on the new 10-year benchmark paper (6.45% GS 2029) declined 15 bps
to close at 6.60% compared with the previous close of 6.75% after trading in
a range of 6.56% to 6.66%.
• Banks borrowings under the repo window of the Liquidity Adjustment Facility
(LAF) stood at Rs. 3,644 crore (gross) on Dec 20, 2019 compared with
borrowings of Rs. 5,034 crore (gross) on Dec 19, 2019. Sale of securities
under Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 19,351
crore on Dec 19, 2019.
• Banks borrowed Rs. 4,495 crore under the central bank’s Marginal Standing
Facility on Dec 19, 2019 compared with borrowings of Rs. 4,405 crore on Dec
18, 2019.
• The Indian rupee in spot trade weakened against the greenback following
dollar purchases by state run banks possibly on the behalf of the Reserve
Bank of India. The rupee closed at 71.12 a dollar, down 0.13% compared to
the previous day’s close of 71.03.
• The euro fell against the greenback after the growth of the U.S. economy in
the third quarter of 2019 came in line with market expectations.
• Gold prices fell following reports that U.S. economic growth came in line with
preliminary expectations in Q3 due to upward revisions to consumer
spending. Gold prices closed at $1,477.95 per ounce compared with previous
close of $1,479.05 per ounce.
• A Commerce Department report showed U.S. real gross domestic product
jumped 2.1% in the third quarter, unchanged from the last month estimate.
• Data from the Office for National Statistics showed the U.K. gross domestic
product grew 0.4% sequentially, against 0.2% decline in the second quarter.
• European Central Bank data showed euro area current account surplus
increased to EUR 32 billion in Oct 2019 from EUR 28 billion in Sep 2019.
• The Ministry of Internal Affairs said Japan's consumer price inflation
accelerated in Nov 2019 to 0.5% from 0.4% in Oct 2019.
Markets for You
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