03 Dec 2018
Markets for You
Global Indices
Global Indices 30-Nov Prev_Day Abs. Change
% Change
#
Dow Jones 25,538 25,339 200 0.79
Nasdaq 7,331 7,273 57 0.79
FTSE 6,980 7,039 -59 -0.83
Nikkei 22,351 22,263 88 0.40
Hang Seng 26,507 26,451 56 0.21
Indian Indices 30-Nov Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,194 36,170 24 0.07
Nifty 50 10,877 10,859 18 0.17
Nifty 100 11,092 11,066 26 0.24
Nifty Bank 26,863 26,940 -77 -0.28
SGX Nifty 10,925 10,860 65 0.60
S&P BSE Power 1,911 1,914 -2 -0.12
S&P BSE Small Cap 14,427 14,353 74 0.52
S&P BSE HC 14,333 14,082 251 1.78
Date P/E Div. Yield P/E Div. Yield
30-Nov 23.90 1.19 26.31 1.22
Month Ago 21.73 1.32 24.55 1.32
Year Ago 24.39 1.18 26.16 1.11
Nifty 50 Top 3 Gainers
Company 30-Nov Prev_Day
% Change
#
Yes Bank 170 160 5.83
Wipro 325 315 3.10
Cipla 541 525 3.08
Nifty 50 Top 3 Losers Domestic News
Company 30-Nov Prev_Day
% Change
#
HPCL 232 243 -4.34
Bharti Infratel 257 265 -3.28
Tata Motors 172 177 -2.99
Advance Decline Ratio
BSE NSE
Advances 1281 928
Declines 1331 869
Unchanged 148 97
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -35770
MF Flows** 114879
*30
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
7.10%
(Sep-18)
6.30%
(Sep-17)
03 December 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
7.00%
(Jun-18)
8.20%
(Jun-18)
Quarter Ago
Inflow/Outflow
87
1195
4.17%
(Jul-18)
Indian equity markets inched up and exited the week with gains on all
days. The gains were minimal since a strong rupee and weak oil prices
were offset by investors awaiting GDP figures, due to be released after
market hours, and the outcome of U.S.-China meeting at the G20 summit
over the weekend.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.07% and
0.17% to close at 36,194.30 and 10,876.75, respectively. S&P BSE Mid-
Cap gained 0.56%, while S&P BSE Small Cap increased 0.52%.
The overall market breadth on BSE was weak with 1,331 scrips
declining and 1,281 scrips advancing. A total of 148 scrips remained
unchanged.
On the BSE sectoral front, S&P BSE Realty was the major gainer, up
1.96%, followed by S&P BSE Healthcare, up 1.78%, and S&P BSE
Information Technology, up 1.03%. S&P BSE Consumer Discretionary
Goods & Services and S&P BSE Auto gained 0.83% and 0.73%,
respectively. S&P BSE Telecom was the major loser, down 1.51%,
followed by S&P BSE Oil & Gas and S&P BSE Energy, down 0.96% and
0.64%, respectively.
The growth of the Indian economy slowed significantly in the second
quarter of FY19 after peaking in the first quarter. The slowdown came as
consumption demand moderated and the services sector remained
subdued to some extent. GDP slowed to 7.1% in Q2FY19 from 8.2% in
Q1FY19. However, the growth rate was higher compared with 6.3%
registered in the same period of the previous year (Q2FY18). In gross
value-added terms also, the growth of the Indian economy moderated to
6.9% in Q2FY19 from 8.0% in Q1FY19. Rate of private consumption
expenditure slowed to 7.0% in Q2FY19 from 8.6% in Q1FY19. On the
positive front, investment continued to show strength as government
expenditure grew 12.7% in Q2FY19 from 7.6% in Q1FY19.
The growth of index of eight core industries came in at 4.8% in Oct
2018 as against 4.3% in Sep 2018. Cement witnessed the maximum
growth of 18.4%, followed by electricity and coal sector that surged
11.4% and 10.6%, respectively. Fertilizer sector witnessed the maximum
decline of 11.5% and crude oil and natural gas went down 5.0% and
0.9%, respectively. This is the 11th consecutive fall for crude oil.
According to a global survey, 42% of Indian small and medium
enterprises (SMEs) find access to finance to grow business difficult
compared with a third of their global peers. Because of this, SMEs rely on
traditional bank loans to run their businesses. The survey says 82% of all
SMEs plan to use bank loans, but with rising borrowing costs, they are
evaluating their finance options. The report said 69% of the fast-growing
SMEs plan to tap other sources of funding such as public equity.
Asian equity markets were mixed as minutes of U.S. Federal Reserve’s
early-Nov 2018 meeting minutes showed that the members more or less
agree on a Dec 2018 rate-hike. Investors also looked forward to the G20
summit scheduled in Argentina during the weekend, wherein U.S. and
China are expected to sit across the table and discuss trade issues. Today
(as of Dec 3), Asian markets opened higher as U.S and Chinese President
agreed to temporary pause on escalating the ongoing trade war. Nikkei
and Hangseng grew 1.25% and 2.11%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed almost lower as
investors remained cautious ahead of the G20 summit. Decline in auto
and basic resources stocks weighed on the indices.
As per the last close, U.S markets closed almost higher amid optimism
ahead of a highly anticipated meeting between the U.S. President and
Chinese President. Gains came on renewed bets that the U.S. and China
could strike a deal on trade.
Markets for You
FII Derivative Trade Statistics 30-Nov
(Rs Cr) Buy
Sell Open Int.
Index Futures 11735.86 8433.33 21175.63
Index Options 134591.16 132327.84 45759.98
Stock Futures 26363.51 25706.12 79623.38
Stock Options 7540.07 7339.81 1613.33
Total 180230.60 173807.10 148172.32
30-Nov Prev_Day
Change
Put Call Ratio (OI) 1.70 2.17 -0.47
Indian Debt Market
Put Call Ratio(Vol) 1.02 1.10 -0.08
30-Nov Wk. Ago Mth. Ago
Year Ago
Call Rate 6.41% 6.48% 6.45% 5.89%
T-Repo 6.29% 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 6.77% 6.68% 6.92% 6.12%
364 Day T-Bill 7.19% 7.20% 7.44% 6.23%
10 Year Gilt 7.61% 7.71% 7.83% 7.06%
G-Sec Vol. (Rs.Cr) 38079 47027 15695 48027
Currency Market Update
FBIL MIBOR 6.55% 6.60% 6.60% 6.00%
3 Month CP Rate 7.75% 8.00% 8.65% 6.80%
5 Year Corp Bond 8.48% 8.51% 8.73% 7.69%
1 Month CD Rate 6.65% 6.85% 7.06% 6.05%
3 Month CD Rate 7.24% 7.31% 7.52% 6.25%
1 Year CD Rate 8.48% 8.12% 8.36% 6.61%
Commodity Market Update
Currency 30-Nov Prev_Day
Change
USD/INR 69.66 69.92 -0.26
GBP/INR 89.08 89.74 -0.65
EURO/INR 79.36 79.58 -0.22
International News
JPY/INR 0.61 0.62 0.00
Commodity 30-Nov Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 50.73 54.38 66.13 57.35
Brent Crude($/bl) 57.55 60.25 75.82 64.32
Gold( $/oz) 1222 1227 1223 1274
Gold(Rs./10 gm) 30240 30834 31688 29236
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
03 December 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Dec 2018 Futures were at 10,900.65 points, a premium of 23.90
points, above the spot closing of 10,876.75. The turnover on NSE’s
Futures and Options segment decreased to Rs. 4,39,239.97 crore on Nov
30 compared with Rs. 18,84,936.48 crore on Nov 29.
The Put-Call ratio stood at 0.99 compared with the previous session’s
close of 0.96.
The Nifty Put-Call ratio stood at 1.70 compared with the previous
session’s close of 2.17.
India VIX increased 1.83% to 19.0400 compared with 18.6975 at the
previous trading session.
Bond yield stood steady as investors remained cautious ahead of
Monetary Policy Committee’s (MPC) fifth bi-monthly Monetary Policy
Statement for FY19, which is scheduled during Dec 3 to Dec 5, 2018.
Investors also waited for the outcome of meetings between global
leaders at the key G-20 summit and India’s third quarter gross domestic
product growth data due post market hours.
Yield on the 10-year benchmark paper (7.17% GS 2028) stood steady
at 7.61% after trading in the range of 7.59% to 7.63%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 8,231 crore (gross) on Nov 30 compared with a
borrowing of Rs. 3,896 crore (gross) on Nov 29. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 25,887
crore on Nov 29.
The Indian rupee rose against the greenback as the latter remained
under pressure ahead of the outcome of the G20 meeting due Dec 1.
Fall in global crude oil prices also boosted the rupee. The rupee rose
0.36% to close at 69.59 a dollar compared with the previous close of
69.84.
The euro fell against the greenback as market participants remained
on the sidelines ahead of the outcome of trade talks between the U.S.
and China at the G20 meeting due Dec 1.
Gold prices fell on anticipation of interest rate hike by the U.S. Fed in
upcoming Dec 2018 policy review.
Brent crude prices fell as production level in the U.S. increased.
However, downside was restricted on expectations that Russia might
agree to reduce output in the upcoming OPEC's’ meeting.
According to the minutes of U.S. Federal Reserve’s latest monetary
policy meeting, almost all participants agreed for another increase in
rates and it was "likely to be warranted fairly soon." The meeting was
held earlier in Nov 2018.
Eurostat preliminary data showed euro zone's consumer price growth
eased to its lowest level in three months in Nov 2018 and the core figure
unexpectedly eased on the back of slower growth in food and energy
inflation. The consumer price index increased 2% YoY following a 2.2%
increase in Oct 2018, the highest since Dec 2012. The data met
expectations.
Markets for You
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