11 Dec 2018
Markets for You
Global Indices
Global Indices 10-Dec Prev_Day Abs. Change
% Change
#
Dow Jones 24,423 24,389 34 0.14
Nasdaq 7,021 6,969 51 0.74
FTSE 6,722 6,778 -57 -0.83
Nikkei 21,220 21,679 -459 -2.12
Hang Seng 25,752 26,064 -311 -1.19
Indian Indices 10-Dec Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,960 35,673 -714 -2.00
Nifty 50 10,488 10,694 -205 -1.92
Nifty 100 10,686 10,894 -208 -1.91
Nifty Bank 26,103 26,594 -492 -1.85
SGX Nifty 10,402 10,720 -318 -2.96
S&P BSE Power 1,863 1,899 -36 -1.92
S&P BSE Small Cap 13,846 14,105 -259 -1.84
S&P BSE HC 13,445 13,658 -213 -1.56
Date P/E Div. Yield P/E Div. Yield
10-Dec 22.86 1.24 25.37 1.27
Month Ago 22.84 1.26 25.46 1.25
Year Ago 24.57 1.17 26.26 1.11
Nifty 50 Top 3 Gainers
Company 10-Dec Prev_Day
% Change
#
Indian Oil 134 130 3.55
BPCL 330 325 1.49
HPCL 227 225 0.85
Nifty 50 Top 3 Losers Domestic News
Company 10-Dec Prev_Day
% Change
#
Kotak Bank 1198 1280 -6.35
Indiabulls HFC 687 717 -4.22
Ultratech Cem 3777 3933 -3.97
Advance Decline Ratio
BSE NSE
Advances 613 338
Declines 1911 1455
Unchanged 154 84
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -31408
MF Flows** 116870
*10
th
Dec 2018; **7
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)
11 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
583
4745
4.17%
(Jul-18)
The governor of the Reserve Bank of India (RBI) resigned on account of
personal reasons. He was appointed in 2016 for a three-year term, which
was to expire in Sep 2019.
According to the preliminary numbers released by RBI, Current Account
Deficit (CAD) rose to $19.1 billion or 2.9% of GDP in Q2 of 2018-19, up
from $6.9 billion or 1.1% of GDP in Q2 of 2017-18 and $15.9 billion (2.4%
of GDP) in Q1 2018-19. The widening of the CAD was due to higher trade
deficit that came in at $50.0 billion as against $32.5 billion in the
previous year period. Net services receipts grew 10.2% YoY mainly due to
rise in net earnings from software and financial services.
The Finance Ministry has announced that the contribution by the
central government employees under the Tier-II of the National Pension
System (NPS) will now qualify for deduction under section 80C of the
Income Tax Act. However, prior to the announcement, the deduction
was available only for investments in TIER-I account of NPS scheme.
According to a data from the government, the provisional figures for
direct tax collections grew 15.7% YoY to Rs. 6.75 lakh crore for the period
Apr-Nov 2018. Meanwhile, refunds for the same period grew 20.8% YoY
to Rs. 1.23 lakh crore.
The Securities and Exchange Board of India (SEBI) has lined up some
relaxations for new-age ventures in sectors like e-commerce, data
analytics and bio-technology to raise funds and get their shares traded
on stock exchanges. This comes as a major push to kickstart listing of
start-ups in India. The relaxation in the norms comes on the wake of
tepid market interest to the existing platform. Also, demands from
various stakeholders to make the norms easier and the platform more
accessible led to the relaxation of norms.
Markets for You
Indian equity markets started the week on a negative note. Investors
remained cautious over uncertainty of the outcome of state election
results. Weak rupee continued to weigh on the markets. Decline in
banking stocks weighed on the indices after stocks of a major private
sector bank fell as it challenged the Reserve Bank of India’s decision in
court to disregard the issue of preference shares to reduce promoter
stake in bank.
Further, soft global cues following weaker-than-expected U.S. jobs data
and China’s trade data for Nov 2018 raised concerns over global growth,
thereby souring investor sentiment. Brexit-related uncertainty and rising
tensions between the U.S. and China also dented investor sentiment.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 2.00% and
1.92% to close at 34,959.72 and 10,488.45, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap each fell 1.84%.
The overall market breadth on BSE was weak with 1,911 scrips
declining and 613 scrips advancing. A total of 154 scrips remained
unchanged.
Asian markets fell on concerns over global growth forecast after the
U.S. jobs data for Nov 2018 came lower-than-expected. Some of the key
economic data from China and Japan further dented sentiments. While,
Chinese trade data stood weaker-than-expected, China's consumer
inflation and producer price inflation also eased in Nov. Additionally,
Japanese economy contracted in the third quarter period. Today (as of
Dec 11), Asian markets opened lower amid volatile session on the U.S.
Wall Street. Both Nikkei and Hangseng were trading down 0.72% and
0.50%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed lower due to worries
over slowing economic growth and after a Brexit vote in U.K. parliament
was been delayed by the Prime Minister.
As per the last close, U.S. markets closed mostly higher after investors
resorted to bargain hunting after the early weakness extended the sell-
off seen last week. However, concerns about the global economic
outlook and uncertainty over long-term trade deal between the U.S. and
China capped the gains.
FII Derivative Trade Statistics 10-Dec
(Rs Cr) Buy
Sell Open Int.
Index Futures 3290.11 2673.38 27184.46
Index Options 52056.42 52284.27 55893.19
Stock Futures 13346.10 12491.22 83929.80
Stock Options 7136.06 7129.22 6400.13
Total 75828.69 74578.09 173407.58
10-Dec Prev_Day
Change
Put Call Ratio (OI) 1.30 1.47 -0.17
Indian Debt Market
Put Call Ratio(Vol) 0.90 0.87 0.02
10-Dec Wk. Ago Mth. Ago
Year Ago
Call Rate 6.42% 6.33% 6.47% 5.90%
T-Repo 6.46% 6.25% 6.50% --
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% 6.70% 6.92% 6.11%
364 Day T-Bill 7.06% 7.19% 7.39% 6.22%
10 Year Gilt 7.59% 7.63% 7.76% 7.09%
G-Sec Vol. (Rs.Cr) 34033 40281 27684 37214
Currency Market Update
FBIL MIBOR* 6.48% 6.50% 6.55% 5.94%
3 Month CP Rate 7.40% 7.75% 8.55% 6.81%
5 Year Corp Bond 8.46% 8.53% 8.58% 7.75%
1 Month CD Rate 7.01% 6.69% 6.90% 6.19%
3 Month CD Rate 7.12% 7.27% 7.64% 6.23%
1 Year CD Rate 8.24% 8.48% 8.30% 6.68%
Commodity Market Update
Currency 10-Dec Prev_Day
Change
USD/INR 71.33 70.57 0.76
GBP/INR 90.91 90.12 0.79
EURO/INR 81.57 80.22 1.35
International News
JPY/INR 0.63 0.63 0.01
Commodity 10-Dec Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 51.02 52.93 60.14 57.10
Brent Crude($/bl) 60.31 60.01 68.10 64.32
Gold( $/oz) 1245 1231 1209 1248
Gold(Rs./10 gm) 31423 30664 31773 28492
Source: Thomson Reuters Eikon; *As 0n 07-Dec-2018
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
11 December 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yield increased with the fall in the domestic currency and
uncertainty over the outcome of the state elections. Market participants
remain jittery and preferred to stay on the sidelines.
Yield on the 10-year benchmark paper (7.17% GS 2028) increased 13
bps to 7.59% compared with 7.46% in the previous session after trading
in the range of 7.48% to 7.60%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 11,596 crore (gross) on Dec 10 compared with
a borrowing of Rs. 10,126 crore (gross) on Dec 7. Sale of securities under
Reserve Bank of India’s reverse repo window stood at Rs. 22,846 crore
on Dec 7.
Banks borrowed Rs. 2,450 crore under the central bank’s Marginal
Standing Facility on Dec 7 compared with borrowing of Rs. 105 crore on
Dec 6.
According to a preliminary report by the University of Michigan, U.S.
consumer sentiment index was at 97.5 in Dec 2018, unchanged from the
final reading of Nov 2018. The unchanged reading on consumer
sentiment came as improvement in consumers' assessment of current
economic conditions was offset by decline in expectations.
Eurozone's economic gross domestic product (GDP) rose 0.2% in third
quarter of 2018 from 0.4% growth in the second quarter. On a yearly
basis, GDP was revised down to 1.6% from 1.7%. In the second quarter,
growth was 2.2%.
Markets for You
Nifty Dec 2018 Futures were at 10,514.7 points, a premium of 26.25
points, above the spot closing of 10,488.45. The turnover on NSE’s
Futures and Options segment rose to Rs. 4,79,808.70 crore on Dec 10
compared with Rs. 4,29,275.52 crore on Dec 7.
The Put-Call ratio stood at 0.86 compared with the previous session’s
close of 0.78.
The Nifty Put-Call ratio stood at 1.30 compared with the previous
session’s close of 1.47.
Open interest on Nifty Futures stood at 22.50 million as against the
previous session’s close at 22.78 million.
The Indian rupee depreciated as investors stay jittery over the
uncertainty on the outcome of the state elections. However, dollar sales
by state-run and private banks restricted further decline.
The euro edged up against the greenback as the latter struggled to hold
ground amid tepid U.S. jobs data. Additionally, rising speculations that
the U.S. Federal Reserve may pause the multiple interest rate hike
proposal for 2019 continued to adversely impact dollar, thereby
supporting euro.
Gold prices remained steady as the greenback struggled to stay firm
amid the weakening U.S. Treasury yield and the sell-off in the equity
market.
Brent crude prices plunged more than 3% on weak demand outlook
after China reported weak trade numbers for Nov 2018.
Thank you for
your time.