24 Dec 2018
Markets for You
Global Indices
Global Indices 21-Dec Prev_Day Abs. Change
% Change
#
Dow Jones 22,445 22,860 -414 -1.81
Nasdaq 6,333 6,528 -195 -2.99
FTSE 6,721 6,712 9 0.14
Nikkei 20,166 20,393 -226 -1.11
Hang Seng 25,753 25,624 130 0.51
Indian Indices 21-Dec Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,742 36,432 -690 -1.89
Nifty 50 10,754 10,952 -198 -1.81
Nifty 100 11,006 11,201 -196 -1.75
Nifty Bank 26,870 27,275 -405 -1.49
SGX Nifty 10,787 11,022 -235 -2.13
S&P BSE Power 1,987 2,000 -13 -0.64
S&P BSE Small Cap 14,634 14,782 -148 -1.00
S&P BSE HC 13,764 13,902 -138 -0.99
Date P/E Div. Yield P/E Div. Yield
21-Dec 23.49 1.21 26.02 1.24
Month Ago 22.96 1.23 25.55 1.25
Year Ago 24.91 1.14 26.74 1.09
Nifty 50 Top 3 Gainers
Company 21-Dec Prev_Day
% Change
#
HPCL 250 244 2.29
BPCL 375 371 0.96
Coal India 253 251 0.88
Nifty 50 Top 3 Losers Domestic News
Company 21-Dec Prev_Day
% Change
#
Indian Oil 140 148 -5.48
United Phos 736 770 -4.46
Adani Ports & SEZ 361 375 -3.75
Advance Decline Ratio
BSE NSE
Advances 863 535
Declines 1735 1248
Unchanged 142 85
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -32965
MF Flows** 118901
*21
st
Dec 2018; **20
th
Dec 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
2.33%
(Nov-18)
4.88%
(Nov-17)
IIP
8.10%
(Oct-18)
1.80%
(Oct-17)
GDP
7.10%
(Sep-18)
6.30%
(Sep-17)
24 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
6.50%
(Jul-18)
8.20%
(Jun-18)
Quarter Ago
Inflow/Outflow
463
-630
4.17%
(Jul-18)
Indian equity markets closed in the red owing to global economic
growth worries. Investors were also anxious over U.S. Federal Reserve’s
(Fed) indications of further rate hikes. Cautiousness prevailed ahead of
the Lok Sabha elections in 2019 as investors feared the government
could announce populist schemes to woo voters.
Key benchmark indices S&P BSE Sensex and Nifty 50 declined 1.89%
and 1.18% to close at 35,742.07 and 10,754.00, respectively. S&P BSE
Mid-Cap and S&P BSE Small Cap increased 1.79% and 1.00%,
respectively.
On the BSE sectoral front, all the sectors fell. The biggest loser was S&P
BSE Information Technology, down 2.62%, followed by S&P BSE Teck and
S&P BSE Auto, down 2.6% and 2.12%, respectively. S&P BSE Telecom and
S&P BSE Consumer Durables lost 2.05% and 2.04%, respectively. S&P BSE
Energy and S&P BSE Realty lost 1.89% and 1.84%, respectively.
The commerce and industry minister said the new draft e-commerce
policy will focus on promoting price transparency and discounts. It will
protect interest of both retailers and consumers. The Department of
Industrial Policy and Promotion (DIPP) is working on the new draft policy,
which will be put in public domain in the coming 2-3 weeks for
stakeholder views. The new draft is being made after some concerns
were raised on certain proposals of the first draft e-commerce policy.
The government plans to take the Rs. 11,000 crore methanol economy
to about Rs. 2 lakh crore in five years. This is being done to promote
cleaner fuel and cut down on the crude oil import bills. The transport
minister warned against the use of substandard parts in e-rickshaws and
e-carts and added that the idea behind relaxation in rules was to benefit
the poor and check the practice of hand-held rickshaws.
The Union minister said the Department of Heavy Industries has
proposed cutting of customs duty on parts of electric vehicles (EVs) to
the finance ministry. The finance ministry will decide on the matter now.
These parts are currently not exempt from import tariff to the
Department of Revenue. This he said at the launch of e-scooter and e-
cycle made by a start-up and certified by the Automotive Research
Association of India. Automotive Research Association of India comes
under the administrative control of the Union heavy industries ministry.
The government has asked the National Company Law Tribunal (NCLT)
to reopen the books of debt-ridden IL&FS Group and its subsidiaries for
the past five years to investigate financial mismanagement.
Piramal Enterprises has planned to raise up to Rs. 26.50 billion through
the issuance of non-convertible debentures (NCDs) on private placement
basis.
Aurobindo Pharma announced that it has received approval from the
U.S. Food and Drug Administration (USFDA) to manufacture and market
potassium chloride tablets of 600 mg and 750 mg, used for treating
hypokalemia.
Asian equity markets were down as growing anxiety over the slowing
pace of global economic growth made investors avoid equities and go for
safe-haven assets. Chinese President’s speech on four decades of
reforms and fresh monetary support measures declared by the People's
Bank of China could not ease investor concerns over slowing economic
growth. Today (as of Dec 24), Asian markets opened lower following
weakness in Wall Street’s last session. Hangseng fell 1.05% (as at 8.a.m.
IST). Nikkei remained closed on account of public holiday.
As per the last close, European markets closed with modest losses as
U.S. President refused to sign legislation to fund the U.S. government,
thereby raising the risk of a federal shutdown.
As per the last close, U.S markets closed lower amid fears of an
extended government shutdown. Investors remained focused on
developments on Capitol Hill.
Markets for You
FII Derivative Trade Statistics 21-Dec
(Rs Cr) Buy
Sell Open Int.
Index Futures 3555.56 3255.30 31083.89
Index Options 150964.18 148524.47 66597.70
Stock Futures 19954.17 20506.24 87446.90
Stock Options 8691.44 8573.09 9313.89
Total 183165.35 180859.10 194442.38
21-Dec Prev_Day
Change
Put Call Ratio (OI) 1.28 1.66 -0.38
Indian Debt Market
Put Call Ratio(Vol) 0.88 1.08 -0.20
21-Dec Wk. Ago Mth. Ago
Year Ago
Call Rate 6.45% 6.41% 6.43% 5.94%
T-Repo 6.48% 6.26% 6.46% --
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.65% 6.64% 6.77% 6.19%
364 Day T-Bill 6.95% 7.00% 7.26% 6.36%
10 Year Gilt 7.28% 7.44% 7.79% 7.21%
G-Sec Vol. (Rs.Cr) 34307 73572 29111 38338
Currency Market Update
FBIL MIBOR 6.59% 6.55% 6.50% 6.03%
3 Month CP Rate 7.20% 7.20% 8.00% 7.03%
5 Year Corp Bond 8.22% 8.33% 8.56% 7.91%
1 Month CD Rate 6.97% 6.95% 6.89% 6.35%
3 Month CD Rate 6.95% 7.05% 7.45% 6.45%
1 Year CD Rate 8.16% 8.17% 8.17% 6.90%
Commodity Market Update
Currency 21-Dec Prev_Day
Change
USD/INR 70.04 70.28 -0.25
GBP/INR 88.70 88.85 -0.14
EURO/INR 80.21 80.05 0.16
International News
JPY/INR 0.63 0.63 0.00
Commodity 21-Dec Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 45.33 51.21 54.38 58.31
Brent Crude($/bl) 51.87 58.50 60.79 64.98
Gold( $/oz) 1256 1238 1226 1267
Gold(Rs./10 gm) 31114 31374 30862 28676
Source: Thomson Reuters Eikon
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24 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 10,767.50 points, a premium of 13.50
points, above the spot closing of 10,754.00. The turnover on NSE’s
Futures and Options segment declined to Rs. 9,58,378.42 crore on Dec
21 compared with Rs. 18,22,475.52 crore on Dec 20.
The Put-Call ratio stood at 0.93 against the previous day’s close of
0.83.
The Nifty Put-Call ratio stood at 1.28 compared with the previous
session’s close of 1.66.
Open interest on Nifty Futures stood at 25.34 million as against the
previous session’s close at 24.28 million.
Bond yields rose slightly amid weakness in rupee on expectation of a
global economic slowdown. However, decline in crude oil prices
restricted the losses.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 1 bps to
close at 7.28% as compared to 7.27% in the previous session after
trading in the range of 7.26% to 7.32%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 13,658 crore (gross) on Dec 21 compared with
a borrowing of Rs. 18,434 crore (gross) on Dec 20. Sale of securities
under Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
13,634 crore on Dec 20.
Banks borrowed Rs. 1,505 crore under the central bank’s Marginal
Standing Facility on Dec 20 compared with borrowing of Rs. 135 crore
on Dec 19.
The Indian rupee declined against the greenback as investors’ risk-
taking appetite was dampened by the expectation of a global economic
slowdown. The rupee depreciated 0.64% to close at 70.15 a dollar
compared with the previous close of 69.70.
The euro declined against the greenback as investor sentiments were
dampened by concerns over global economic slowdown and increasing
borrowing cost in the U.S. The euro was last seen trading at 1.1404 a
dollar, down 0.35% compared with the previous close of 1.1444.
Gold prices saw a marginal fall driven by the rising borrowing cost in
the U.S.
Brent crude prices weakened amid concerns over global economic
slowdown, which threatens the demand outlook of the commodity.
According to a report from the Commerce Department, U.S. real gross
domestic product (GDP) surged 3.4% in the third quarter 2018 as against
the previous expectation of growth of 3.5%. The slightly slower than
expected GDP growth reflects downward revisions to consumer
spending and exports.
A report from the Labor Department showed that U.S. initial jobless
claims grew to 214,000 for the week ended Dec 15, 2018, up 8,000 from
the previous week's level of 206,000. Continuing claims grew 27,000 to
1.688 million for the week ended Dec 8, 2018.
Markets for You
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