12 Dec 2018
Markets for You
Global Indices
Global Indices 11-Dec Prev_Day Abs. Change
% Change
#
Dow Jones 24,370 24,423 -53 -0.22
Nasdaq 7,032 7,021 11 0.16
FTSE 6,807 6,722 85 1.27
Nikkei 21,148 21,220 -71 -0.34
Hang Seng 25,772 25,752 19 0.07
Indian Indices 11-Dec Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,150 34,960 190 0.54
Nifty 50 10,549 10,488 61 0.58
Nifty 100 10,762 10,686 76 0.71
Nifty Bank 26,163 26,103 61 0.23
SGX Nifty 10,636 10,402 234 2.24
S&P BSE Power 1,879 1,863 17 0.90
S&P BSE Small Cap 14,059 13,846 213 1.54
S&P BSE HC 13,705 13,445 260 1.93
Date P/E Div. Yield P/E Div. Yield
11-Dec 22.83 1.25 25.52 1.26
Month Ago 22.84 1.26 25.46 1.25
Year Ago 24.73 1.16 26.43 1.10
Nifty 50 Top 3 Gainers
Company 11-Dec Prev_Day
% Change
#
Yes Bank 178 166 7.36
Sun Pharma 422 399 5.84
Asian Paints 1324 1274 3.88
Nifty 50 Top 3 Losers Domestic News
Company 11-Dec Prev_Day
% Change
#
HPCL 220 227 -2.91
Indian Oil 132 134 -1.79
Bharti Airtel 290 295 -1.59
Advance Decline Ratio
BSE NSE
Advances 1611 1230
Declines 811 519
Unchanged 132 96
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -29614
MF Flows** 116542
*11
th
Dec 2018; **10
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)
12 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
-329
1795
4.17%
(Jul-18)
According to data released by Society of Indian Automobile
Manufacturers (SIAM), passenger vehicle sales fell 3.43% to 2,66,000 units
in Nov 2018 as against 2,75,440 units in the year-ago month. It was fourth
monthly decline since Jul 2018 as spike in interest rates and high fuel
prices decreased consumer demand. However, two-wheeler sales rose
7.15% YoY to 16,45,791 units from 15,36,015 units from Nov 2017. Also,
vehicle sales across categories registered a rise of 5.03% to 20,38,015
units in Nov 2018 from 19,40,462 units in Nov 2017.
A major credit rating agency has assigned negative outlook to the
domestic airline industry as increased passenger demand is offset by
capacity additions that may leading to intense competition and continued
pressure on yields. However, the domestic passenger traffic growth is
expected to remain healthy at around 15% -16% in the medium term due
to low penetration levels, favourable macro environment, regulatory push
towards regional connectivity and development of new airports.
As per media reports, Securities Exchange Board of India (SEBI) may
consider strengthening the framework for debenture trustees by raising
minimum net worth requirement for registration of such entities and
introducing e-voting provision to obtain approval of the unitholders. This
may be done to safeguard the interests of debenture holders and to
enable debenture trustees to perform their duties effectively and
promptly in the interests of investors.
The department of industrial policy and promotion (DIPP) has floated a
draft rule to amend the Patents Rules, 2003, in order to further streamline
examination of applications. As per the draft rules, removal of the
transmittal fee for international application (for e-patent cooperation
treaty filing) for startups and small entities is suggested. The move is
important as the ministry is taking steps to fast track examination of
patent applications particularly for startups.
Markets for You
Indian equity markets witnessed a volatile session and managed to end
in the green. Initially, bourses declined reacting to Reserve Bank of India
governor’s resignation the previous day. Throughout the day, assembly
election results dictated market movement. In the end, losses were
recovered as the ruling party’s performance was not as bad as was being
feared by investors.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.54% and
0.58% to close at 35,150.01 and 10,549.15, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap increased 1.54% each.
The overall market breadth on BSE was strong with 1611 scrips
advancing and 811 scrips declining. A total of 132 scrips remained
unchanged.
On the BSE sectoral front, S&P BSE Durables was the major gainer, up
2.6%, followed by S&P BSE Healthcare and S&P BSE Consumer
Discretionary Goods & Services, up 1.93% and 1.7%, respectively. S&P BSE
Fast Moving Consumer Goods and S&P BSE Basic Materials gained 1.41%
and 1.23%, respectively. The only sector to lose was S&P BSE Oil & Gas,
down 0.21%.
Asian equity markets witnessed volatility and ended mixed after
overnight U.S. bourses recovered from steep losses. Investors remained
cautious over U.S.-China trade tensions, falling oil prices and U.K. Prime
Minister postponing a Parliamentary vote on Brexit. Today (as of Dec 12),
Asian markets opened higher following news reports that China is moving
toward cutting tariffs on cars made in the U.S. to 15% from the current
40%. Both Nikkei and Hangseng were trading up 1.68% and 1.35%,
respectively (as at 8.a.m. IST).
As per the last close, European markets closed higher following upbeat
Germany investor confidence index in Dec 2018 and renewed optimism
about the trade talks between the U.S. and China.
As per the last close, U.S. markets was trading high initially following
renewed optimism about the trade talks between the U.S. and China.
However, the trend reversed, and indices closed mostly lower after the
Washington Post reported that the U.S. will condemn China over hacking
and economic espionage, increasing tension between the two countries
once again.
FII Derivative Trade Statistics 11-Dec
(Rs Cr) Buy
Sell Open Int.
Index Futures 1852.21 2864.48 25767.30
Index Options 53184.51 53116.84 55192.63
Stock Futures 11548.34 12399.89 82265.30
Stock Options 6483.69 6634.05 6898.98
Total 73068.75 75015.26 170124.21
11-Dec Prev_Day
Change
Put Call Ratio (OI) 1.33 1.30 0.03
Indian Debt Market
Put Call Ratio(Vol) 0.95 0.90 0.05
11-Dec Wk. Ago Mth. Ago
Year Ago
Call Rate 6.48% 6.35% 6.47% 5.86%
T-Repo 6.55% 6.30% 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% 6.06%
364 Day T-Bill 7.07% 7.18% 7.39% 6.25%
10 Year Gilt 7.53% 7.57% 7.76% 7.17%
G-Sec Vol. (Rs.Cr) 73572 50826 27684 40196
Currency Market Update
FBIL MIBOR* 6.50% 6.47% 6.55% 5.95%
3 Month CP Rate 7.40% 7.55% 8.55% 6.81%
5 Year Corp Bond 8.42% 8.48% 8.58% 7.80%
1 Month CD Rate 7.10% 6.61% 6.90% 6.18%
3 Month CD Rate 7.19% 7.37% 7.64% 6.24%
1 Year CD Rate 8.37% 8.27% 8.30% 6.72%
Commodity Market Update
Currency 11-Dec Prev_Day
Change
USD/INR 71.93 71.33 0.60
GBP/INR 90.43 90.91 -0.48
EURO/INR 81.73 81.57 0.16
International News
JPY/INR 0.64 0.63 0.00
Commodity 11-Dec Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 51.60 53.16 60.14 57.79
Brent Crude($/bl) 59.75 61.24 68.10 66.16
Gold( $/oz) 1243 1238 1209 1242
Gold(Rs./10 gm) 31616 30945 31773 28535
Source: Thomson Reuters Eikon; *As on 10-Dec-2018
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
12 December 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yield lowered after market participants moved ahead to buy
notes to capitalize on the plunge in price with the unexpected
resignation of the central bank governor.
Yield on the 10-year benchmark paper (7.17% GS 2028) eased 6 bps to
7.53% compared with 7.59% in the previous session after trading in the
range of 7.51% to 7.71%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 20,137 crore (gross) on Dec 11 compared with
a borrowing of Rs. 11,596 crore (gross) on Dec 10. Sale of securities
under Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
10,033 crore on Dec 10.
Banks borrowed Rs. 2,730 crore under the central bank’s Marginal
Standing Facility on Dec 10 compared with borrowing of Rs. 2,450 crore
on Dec 7.
A report from the Centre for European Economic Research showed
that ZEW Indicator of Economic Sentiment for Germany surprisingly
grew 6.6 points to reach minus 17.5 points in Dec 2018. However,
caution prevailed as current economic situation declined sharply due to
sluggish economic growth and uncertainties related to global trade and
Brexit.
According to a report from the Bank of Japan, the M2 money stock in
Japan was up 2.3% on year and came in at 1,010.5 trillion yen in Nov
2018. The M3 money stock was up 2.1% on an annual basis to 1,342.0
trillion yen.
Markets for You
Nifty Dec 2018 Futures were at 10,581.10 points, a premium of 31.95
points, above the spot closing of 10,549.15. The turnover on NSE’s
Futures and Options segment rose to Rs. 12,19,439.02 crore.
The Put-Call ratio stood at 0.88 compared with the previous session’s
close of 0.86.
The Nifty Put-Call ratio stood at 1.33 compared with the previous
session’s close of 1.30.
India VIX declined 11.54% to 18.0775 compared with 20.4375 at the
previous trading session.
Open interest on Nifty Futures stood at 22.17 million as against the
previous session’s close at 22.50 million.
The Indian rupee moved down following the unexpected resignation of
the central bank governor. However, recovery in the local equity market
and a possible intervention by the central bank limited further downside.
The rupee plunged 0.72% to close at 71.85 a dollar compared with the
previous close of 71.34.
The euro edged up against the greenback amid speculations that the
U.S. Federal Reserve may hold the multiple interest rate hike proposal for
next year. The euro was last seen trading at 1.1396 a dollar, up 0.36%
from the previous close of 1.1355.
Gold prices remained steady as the greenback could not hold ground
amid increasing speculations that the U.S. Federal Reserve would pause
the multiple interest rate hikes plan for the next year.
Brent crude prices were restricted from falling further after an oil and
gas major at Libya declared of a shutdown.
Thank you for
your time.