07 Dec 2018
Markets for You
Global Indices
Global Indices 06-Dec Prev_Day Abs. Change
% Change
#
Dow Jones 24,948 Closed NA NA
Nasdaq 7,188 Closed NA NA
FTSE 6,704 6,922 -218 -3.15
Nikkei 21,502 21,919 -418 -1.91
Hang Seng 26,156 26,820 -663 -2.47
Indian Indices 06-Dec Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,312 35,884 -572 -1.59
Nifty 50 10,601 10,783 -182 -1.69
Nifty 100 10,806 10,989 -183 -1.67
Nifty Bank 26,198 26,520 -321 -1.21
SGX Nifty 10,626 10,849 -223 -2.06
S&P BSE Power 1,901 1,913 -13 -0.65
S&P BSE Small Cap 14,143 14,338 -195 -1.36
S&P BSE HC 13,677 13,875 -198 -1.43
Date P/E Div. Yield P/E Div. Yield
6-Dec 22.96 1.24 25.65 1.25
Month Ago 22.61 1.27 25.32 1.26
Year Ago 24.00 1.20 25.70 1.13
Nifty 50 Top 3 Gainers
Company 06-Dec Prev_Day
% Change
#
Sun Pharma 420 413 1.74
- - - -
- - - -
Nifty 50 Top 3 Losers Domestic News
Company 06-Dec Prev_Day
% Change
#
Indiabulls HFC 733 776 -5.54
Maruti 7210 7554 -4.56
Tech Mahindra 696 727 -4.19
Advance Decline Ratio
BSE NSE
Advances 707 385
Declines 1849 1405
Unchanged 141 90
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -36100
MF Flows** 116608
*6
th
Dec 2018; **5
th
Dec 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)
07 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
-8
-361
4.17%
(Jul-18)
Indian equity markets fell for the third consecutive day due to
weakness in global markets that weighed on energy, auto and realty
stocks. Global markets remained under pressure after Canadian
authorities arrested a top executive of Chinese tech giant for extradition
to U.S., thereby raising fears of a fresh reason for tensions between U.S.
and China.
Further, investors remained cautious ahead of the assembly election
results and as they remained focused on the meeting by the Organization
of the Petroleum Exporting Countries (OPEC). Weakness in rupee added
to the woes.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 1.59% and
1.69% to close at 35,312.13 and 10,601.15, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap fell 1.54% and 1.36%, respectively.
On the BSE sectoral front, S&P BSE Energy stood as the major loser,
down 2.35% followed by S&P BSE Realty and S&P BSE Auto with both
declining 2.26%. Energy stocks remained under pressure ahead of the
OPEC’s meeting to discuss production cuts. S&P BSE Telecom and S&P
BSE Consumer Discretionary Goods & Services fell 2.11% and 1.83%. S&P
BSE Teck and S&P BSE Oil & Gas fell 1.71% and 1.70%, respectively.
The Securities and Exchange Board of India (SEBI) has proposed a
framework for warehouse companies and other allied service providers
engaged in non-agricultural goods. The market regulator is planning to
take into consideration an extensive of standards and norms for
compliance by clearing corporations (CC) accredited storage agencies for
storage of physically delivered non-agricultural goods. Currently, the
stock exchanges or clearing corporations have prescribed certain storage
norms, however, there is no uniformity. The move is expected to help
improve the delivery and settlement mechanism.
According to major domestic rating agency, the non-bank lenders'
asset growth will be lowered by halve to approximately 10% in the
2HFY19 due to difficulties in getting funding. The agency stated that
asset quality of retail loans is resilient, however, non-retail book of the
non-banking finance companies’ has to be monitored for potential
stress.
A major global credit rating agency has downwardly revised forecast
for India’s gross domestic product to 7.2% for FY19 as against previous
expectation of growth of 7.8%. The revision reflects higher financing cost
and reduced credit availability. It expects growth of 7% and 7.1% in FY20
and FY21.
The Chemicals and Fertilisers Minister has stated that the fertiliser
subsidy arrears to the industry have come down by 75% to Rs. 10,000
crore in the last four years. Also, the minister stated that the outstanding
amount is expected to be cleared by the end of FY19.
Korean car maker Kia Motors India has signed two agreements with the
state government of Andhra Pradesh. First is to set up its maiden
manufacturing plant in the country in Andhra Pradesh and to collaborate
on the 'Partnership for Future Eco Mobility', involving the development
of local electric vehicle infrastructure, among other things.
Asian equity markets declined after doubts arose over U.S. China
strategy. The U.S. administration arrested a high-placed official of a major
Chinese technology company over alleged violation of U.S. sanctions on
Iran. Investors were doubting the effectiveness of the 90-day trade truce
between the two countries and the recent development added fuel to
fire. Today (as of Dec 7), Asian markets opened higher on reports that
U.S. Fed could increase interest rates at a slower pace than previously
expected. Nikkei and Hangseng grew 0.27% and 0.36%, respectively (as at
8.a.m. IST).
As per the last close, European markets closed lower due to concerns
over trade tensions between the U.S. and China following arrest of the
chief financial officer of a Chinese tech giant.
As per the last close, U.S markets closed on a mixed note. Skepticism
about potential for a long-term trade agreement between U.S. and China
after the arrest of a top executive at Chinese tech giant weighed on the
indices. However, reports that U.S. Fed could hike interest rates at a
slower pace than previously expected likely restricted the losses.
.
Markets for You
FII Derivative Trade Statistics 06-Dec
(Rs Cr) Buy
Sell Open Int.
Index Futures 2744.11 3908.79 25077.66
Index Options 84462.18 85376.96 55263.24
Stock Futures 12092.65 12935.68 83669.08
Stock Options 6513.60 6203.90 5593.58
Total 105812.54 108425.33 169603.56
06-Dec Prev_Day
Change
Put Call Ratio (OI) 1.44 1.63 -0.19
Indian Debt Market
Put Call Ratio(Vol) 0.90 0.97 -0.07
06-Dec Wk. Ago Mth. Ago
Year Ago
Call Rate 6.34% 6.36% 6.43% 5.80%
T-Repo 6.36% 6.30% 6.39% --
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.67% 6.72% 6.93% 6.12%
364 Day T-Bill 7.08% 7.19% 7.42% 6.10%
10 Year Gilt 7.42% 7.61% 7.80% 7.03%
G-Sec Vol. (Rs.Cr) 78883 62918 15785 53249
Currency Market Update
FBIL MIBOR* 6.51% 6.55% 6.50% 5.95%
3 Month CP Rate 7.35% 7.75% 8.55% 6.81%
5 Year Corp Bond 8.41% 8.45% 8.58% 7.71%
1 Month CD Rate 6.60% 6.94% 7.02% 6.18%
3 Month CD Rate 7.21% 7.13% 7.63% 6.24%
1 Year CD Rate 8.19% 8.48% 8.34% 6.65%
Commodity Market Update
Currency 06-Dec Prev_Day
Change
USD/INR 71.04 70.52 0.52
GBP/INR 90.30 89.45 0.85
EURO/INR 80.55 79.84 0.71
International News
JPY/INR 0.63 0.62 0.01
Commodity 06-Dec Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 51.49 51.41 62.11 55.77
Brent Crude($/bl) 57.85 57.88 69.73 62.71
Gold( $/oz) 1238 1224 1226 1264
Gold(Rs./10 gm) 30987 30360 31773 28977
Source: Thomson Reuters Eikon
*As on 05 Dec 2018
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
07 December 2018
The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have been obtained from independent
third party 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 Life Asset Management Company Limited (RNLAM) (formerly Reliance Capital Asset Management Limited) has not independently verified the accuracy or authenticity of
such information or data, or for that matter the reasonableness of the assumptions upon which such data and information has been processed or arrive data; RNLAM does not in any manner assures
the accuracy or authenticity of such data and information. Some of the statements & assertions contained in these materials may reflect RNLAM’s views or opinions, which in turn may have been
formed on the basis of such data or information. The Sponsor(s), the Investment Manager, the Trustee or any of their respective directors, employees, affiliates or representatives do not assume any
responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon the information provided herein, due
care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable, to the extent possible. This information is not intended to be an offer or solicitation for the
purchase or sale of any financial product or instrument. Recipients of this information should rely on information/data arising out of their own investigations. Before making any investments, the
readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor(s), the Investment Manager, the Trustee,
their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on
account of lost profits arising from the information contained in this material.
Readers are requested to click here for ICRON disclaimer - http://www.icraonline.com/legal/standard-disclaimer.html
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Dec 2018 Futures were at 10,626.30 points, a premium of 25.15
points, above the spot closing of 10,601.15. The turnover on NSE’s
Futures and Options segment rose to Rs. 18,78,740.17 crore on Dec 6
compared with Rs. 7,46,751.53 crore on Dec 5.
The Put-Call ratio stood at 0.81 compared with the previous session’s
close of 0.83.
The Nifty Put-Call ratio stood at 1.44 compared with the previous
session’s close of 1.63.
Open interest on Nifty Futures stood at 22.06 million as against the
previous session’s close at 20.90 million.
Bond yield declined following the steep fall in crude oil prices on poor
demand outlook and expectations that the production cut by OPEC
would be lower than earlier projected. In addition, the outcome of the
Monetary Policy Committee’s policy review meeting continued to keep
the market sentiment positive.
Yield on the 10-year benchmark paper (7.17% GS 2028) declined 2 bps
to 7.42% compared with 7.44% in the previous session after trading in
the range of 7.37% to 7.44%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,611 crore (gross) on Dec 6 compared with a
borrowing of Rs. 2,716 crore (gross) on Dec 5. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 19,277
crore on Dec 5.
The Indian rupee depreciated against the greenback with the arrest of
an executive of a Chinese tech company, which raised concerns over the
U.S.-China trade discussions. The rupee fell 0.58% to close at 70.87 a
dollar compared with the previous close of 70.46.
The euro was marginally lower against the greenback as the latter
firmed up following the arrest of an executive of a Chinese tech company
that triggered concerns over U.S.-China trade terms. The euro was last
seen trading at 1.1334 a dollar, down 0.09% from the previous close of
1.1344.
Gold prices were flat to slightly lower against the greenback as the
latter firmed up on expectation of interest rate hike at the upcoming
Federal Reserve meeting scheduled for Dec 18-19.
Brent crude prices plunged more than 4% following the arrest of the
CFO of a multinational company in Canada.
According to survey by IHS Markit, eurozone’s composite purchasing
managers' index (PMI) fell to 52.7 in Nov 2018 from 53.1 in Oct 2018.
Similarly, eurozone’s services PMI fell to 53.4 in Nov, lowest in over two
years, from 53.7 in Oct.
According to preliminary data from the Federal Statistical Office,
Germany’s factory orders rose 0.3% MoM in Oct 2018 from Sep 2018’s
0.1% rise. On a yearly basis, factory orders declined 2.7% in Oct as
against 2.6% fall in Sep.
According to survey result by HIS Markit, U.K. services PMI fell to 50.4
in Nov 2018 from 52.2 in Oct 2018. The decline came due to weaker
growth in both business activity and new work as Brexit concerns
intensified, defying expectations for a modest improvement.
Markets for You
Thank you for
your time.