04 Dec 2018
Markets for You
Global Indices
Global Indices 03-Dec Prev_Day Abs. Change
% Change
#
Dow Jones 25,826 25,538 288 1.13
Nasdaq 7,442 7,331 111 1.51
FTSE 7,062 6,980 82 1.18
Nikkei 22,575 22,351 224 1.00
Hang Seng 27,182 26,507 675 2.55
Indian Indices 03-Dec Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,241 36,194 47 0.13
Nifty 50 10,884 10,877 7 0.06
Nifty 100 11,103 11,092 11 0.10
Nifty Bank 26,858 26,863 -5 -0.02
SGX Nifty 10,912 10,925 -13 -0.12
S&P BSE Power 1,958 1,911 47 2.47
S&P BSE Small Cap 14,494 14,427 67 0.46
S&P BSE HC 14,159 14,333 -174 -1.21
Date P/E Div. Yield P/E Div. Yield
3-Dec 23.56 1.21 26.33 1.22
Month Ago 22.72 1.26 25.40 1.25
Year Ago 24.19 1.19 25.90 1.12
Nifty 50 Top 3 Gainers
Company 03-Dec Prev_Day
% Change
#
Indiabulls HFC 783 716 9.43
Yes Bank 178 170 4.83
HUL 1826 1754 4.08
Nifty 50 Top 3 Losers Domestic News
Company 03-Dec Prev_Day
% Change
#
Sun Pharma 455 493 -7.55
M&M 761 791 -3.77
United Phos 733 758 -3.33
Advance Decline Ratio
BSE NSE
Advances 1288 972
Declines 1291 848
Unchanged 200 96
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -35929
MF Flows** 117274
*3
rd
Dec 2018; **30
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)
04 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
Nifty
7.00%
(Jun-18)
8.20%
(Jun-18)
Quarter Ago
Inflow/Outflow
1312
-158
4.17%
(Jul-18)
Indian equity markets started the week on a positive note as global
cues helped the indices to gain. U.S. and China decided on a 90-day truce
wherein U.S. won’t increase tariffs on Chinese goods worth $200 billion
from 10% to 25% and China will substantially increase the quantum of
exports from U.S. The gains were limited as sentiment was soured by
weak Gross Domestic Product (GDP) figures, fiscal deficit crossing budget
estimates and increase in crude oil prices. GDP for the second quarter of
FY19 came in at 7.1% compared with 8.2% in the previous quarter.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.13% and
0.06% to close at 36,241.00 and 10,883.75, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap increased 0.46% each.
The overall market breadth on BSE was weak with 1291 scrips declining
and 1288 scrips advancing. A total of 200 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Utilities was the major gainer, up
2.66%, followed by S&P BSE Realty and S&P BSE Power, up 2.6% and
2.47%, respectively. S&P BSE Metal and S&P BSE Telecom gained 2.14%
and 1.15%, respectively.
The Nikkei India Manufacturing Purchasing Managers' Index (PMI)
increased for the third straight month in Nov 2018 to 54.0 from 53.1 in
Oct 2018. A reading of over 50 indicates expansion and otherwise
contraction. The growth reflects strengthening manufacturing operating
conditions since healthy new order inflows made companies increase
production compared with Oct. The month saw sustained job creation
and improved sentiment.
Government data showed that India’s fiscal deficit for Apr-Oct 2018
came in at Rs. 6.48 lakh crore, or 103.9% of the budgeted target for FY19
against 96.1% in the year-ago period. Net tax receipts were Rs. 6.61 lakh
crore or 44.7% of the budget estimate for FY19 compared with 51.6% in
the corresponding period of the previous year. The government’s total
expenditure for the period from Apr to Oct of 2018 stood at Rs. 14.56
lakh crore or 59.6% of the budget estimate for FY19 compared with
60.2% in the corresponding period of the previous year.
According to the revenue secretary, an analysis is required on whether
to increase excise duty on petroleum products following fall in crude
prices. The government had reduced excise duty by Rs. 1.50 per litre on
both petrol and diesel in Oct 2018 and asked oil marketing companies to
cut the retail prices by Re 1 each.
Hindustan Unilever Ltd has announced it will merge with GSK’s
healthcare business in India. The total value of the business is being seen
at Rs. 31,700 crore. The merger includes all the operations within GSK
Consumer Healthcare India Ltd. It also includes a consignment selling
contract to distribute GSK Consumer’s over-the-counter and oral health
products in India.
The Gujarat government has allowed tariff hikes by power projects of
companies such as Adani Power Ltd, Tata Power Co. Ltd and Essar Power
Ltd, according to media reports.
Asian equity markets gained across the board as U.S. and China agreed
on a 90-day truce after their meeting at the G20 summit. This means U.S.
will delay the increase of tariffs from 10% to 25% on $200 billion worth
of Chinese imports and China on its part will purchase more of
agricultural, energy, industrial and other products from the U.S. China
buying substantially more from U.S. will help narrow the trade gap
between the two countries. Today (as of Dec 4), Asian markets opened
lower amid uncertainty about future of U.S.-China trade relations as
questions remain about actual details of the trade agreement. Nikkei and
Hangseng fell 0.51% and 0.25%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed higher following
optimism over reports that U.S and Chinese President have agreed to a
90-day truce in the escalating trade war.
As per the last close, U.S markets closed higher after the U.S. and
Chinese President agreed to a 90-day truce in the escalating trade war.
Unexpected acceleration in U.S. manufacturing activity growth in Nov
2018 boosted investor sentiment.
Markets for You
FII Derivative Trade Statistics 03-Dec
(Rs Cr) Buy
Sell Open Int.
Index Futures 3455.46 3283.65 21351.00
Index Options 48789.86 47268.14 52923.59
Stock Futures 15186.51 15154.44 82782.13
Stock Options 5835.11 5546.22 3620.78
Total 73266.94 71252.45 160677.50
03-Dec Prev_Day
Change
Put Call Ratio (OI) 1.70 1.68 0.02
Indian Debt Market
Put Call Ratio(Vol) 1.02 1.03 -0.01
03-Dec Wk. Ago Mth. Ago
Year Ago
Call Rate 6.33% 6.44% 6.41% 5.89%
T-Repo 6.25% 6.44% - -
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.70% 6.70% 6.90% 6.12%
364 Day T-Bill 7.19% 7.20% 7.42% 6.23%
10 Year Gilt 7.63% 7.73% 7.78% 7.06%
G-Sec Vol. (Rs.Cr) 40281 38057 52876 48027
Currency Market Update
FBIL MIBOR 6.50% 6.60% 6.55% 6.00%
3 Month CP Rate 7.75% 7.85% 8.60% 6.80%
5 Year Corp Bond 8.50% 8.52% 8.65% 7.71%
1 Month CD Rate 6.69% 6.88% 6.97% 6.05%
3 Month CD Rate 7.27% 7.34% 7.56% 6.25%
1 Year CD Rate 8.48% 8.49% 8.34% 6.61%
Commodity Market Update
Currency 03-Dec Prev_Day
Change
USD/INR 70.03 69.66 0.37
GBP/INR 89.50 89.08 0.42
EURO/INR 79.59 79.36 0.23
International News
JPY/INR 0.62 0.61 0.00
Commodity 03-Dec Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 52.93 51.36 63.07 58.30
Brent Crude($/bl) 60.01 59.29 70.20 65.36
Gold( $/oz) 1231 1222 1232 1280
Gold(Rs./10 gm) 30664 30705 31565 29176
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
04 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 10,924.00 points, a premium of 40.25
points, above the spot closing of 10,876.75. The turnover on NSE’s
Futures and Options segment decreased to Rs. 4,25,998.99 crore on Dec
3 compared with Rs. 4,39,239.97 crore on Nov 30.
The Put-Call ratio stood at 0.97 compared with the previous session’s
close of 0.99.
The Nifty Put-Call ratio stood at 1.68 compared with the previous
session’s close of 1.70.
Open interest on Nifty Futures stood at 20.25 million as against the
previous session’s close at 19.83 million.
Bond yield rose as a section of investors resorted to selling notes after
crude oil prices rebound. Besides, the overall market remains cautious
ahead of the Monetary Policy Committee’s (MPC) fifth bi-monthly
Monetary Policy Statement for FY19, scheduled for Dec 3 to Dec 5, 2018.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 2 bps to
7.63% compared with 7.61% in the previous session after trading in the
range of 7.62% to 7.68%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,621 crore (gross) on Dec 3 compared with a
borrowing of Rs. 8,231 crore (gross) on Nov 30. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 24,905
crore on Nov 30.
The Indian rupee depreciated against the greenback as crude oil prices
saw a sharp surge. In addition, weak domestic data and slow economic
growth in the Jul-Sep quarter dampened investor sentiments and
weighed down on the local currency.
The euro rose on dollar weakness after the U.S.-China trade tension
eased following their presidents’ decision to halt additional tariffs and
hold talks to resolve trade differences.
Gold prices surged against the greenback as the later weakened on
expectations that the Federal Reserve may not go ahead with the
multiple interest rate hike plan in 2019.
Brent crude prices rebound by more than 5% as the trade tension
between U.S. and China eased.
According to an IHS Markit survey, U.K. manufacturing sector
expanded at the fastest pace in two months in Nov 2018 and came in
more than expectations. The CIPS manufacturing purchasing managers
index increased to 53.1 from Oct 2018's 27-month low of 51.1.
IHS Markit survey showed euro zone's manufacturing growth slowed
less than expected in Nov 2018 as output grew marginally and so did
business confidence. It was the lowest since Aug 2016. The
manufacturing purchasing managers' index decreased to 51.8 from 52 in
Oct 2018. The flash reading was 51.5.
Nikkei’s latest survey showed Japan’s manufacturing sector continued
to expand in Nov 2018 but at a slower pace. Manufacturing PMI score
came in at 52.2, down from 52.9 in Oct 2018.
Markets for You
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