26 Dec 2018
Markets for You
Global Indices
Global Indices 24-Dec Prev_Day Abs. Change
% Change
#
Dow Jones 21,792 22,445 -653 -2.91
Nasdaq 6,193 6,333 -140 -2.21
FTSE 6,686 6,721 -35 -0.52
Nikkei* 19,156 Closed NA NA
Hang Seng 25,651 25,753 -102 -0.40
Indian Indices 24-Dec Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,470 35,742 -272 -0.76
Nifty 50 10,664 10,754 -91 -0.84
Nifty 100 10,905 11,006 -101 -0.92
Nifty Bank 26,715 26,870 -155 -0.58
SGX Nifty 10,671 10,787 -116 -1.07
S&P BSE Power 1,966 1,987 -21 -1.05
S&P BSE Small Cap 14,466 14,634 -167 -1.14
S&P BSE HC 13,718 13,764 -46 -0.34
Date P/E Div. Yield P/E Div. Yield
24-Dec 23.30 1.18 25.80 1.25
Month Ago 22.85 1.24 25.43 1.26
Year Ago 25.03 1.13 26.86 1.08
Nifty 50 Top 3 Gainers
Company 24-Dec Prev_Day
% Change
#
Wipro 327 322 1.43
TCS 1919 1896 1.20
Bharti Infratel 263 260 1.04
Nifty 50 Top 3 Losers Domestic News
Company 24-Dec Prev_Day
% Change
#
Hero Moto 3168 3324 -4.69
Indian Oil 135 140 -3.36
Bajaj Auto 2725 2808 -2.98
Advance Decline Ratio
BSE NSE
Advances 829 543
Declines 1725 1242
Unchanged 164 94
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -32958
MF Flows** 118617
*24
th
Dec 2018; **21
st
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)
*As on Dec 25, 2018
26 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
-284
7
4.17%
(Jul-18)
Indian equity markets extended losses as global cues burdened
investor sentiment. Worries over slowing global economic growth and
anxiety over a partial U.S. government shutdown has kept markets
around the world under pressure. U.S. markets have seen the worse
week since the 2008 financial crisis as the U.S. Federal Reserve hiked
interest rates and President’s plan of building a wall on the Mexican
border culminated into a part government closure.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.76% and
0.84% to close at 35,470.15 and 10,633.50, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap decreased 0.54% and 1.14%, respectively.
The overall market breadth on BSE was weak with 1,725 scrips
declining and 829 scrips advancing. A total of 164 scrips remained
unchanged.
On the BSE sectoral front, only three sectors gained. S&P BSE
Information Technology was the major gainer, while S&P BSE Realty was
the major loser.
The finance minister indicated that India could adopt a single standard
Goods and Services Tax (GST) rate going in the future instead of two
standard rates of 12% and 18%. He said the single rate could be a mid-
point between the two. The minister added that for this to happen
revenue from GST collection should rise significantly.
The finance minister has said the 28% GST slab could be phased out.
This comes at the backdrop of the GST Council taking out 23 items from
the highest category of 28%, leaving only 28 items in it. Rates of the 23
items were revised downwards to 18% and 12% slabs.
Niti Aayog has proposed that the validity period of e-Visas should be
increased to 10 years. It also said that the number of annual visits for
ones on e-medical visa should be enhanced. This will help attract more
tourists in the country. The validity of e-Visa other than e-Conference
visa is 60 days from the date of arrival in the country. Validity in case of
e-Conference visa is 30 days. e-Visa can be applied for a maximum of
three times in a calendar year. Niti Aayog in its report 'The Strategy for
New India @ 75' has said that despite the e-Visa facility, visitors find the
process of applying for a visa cumbersome.
According to media reports, the Data Protection Bill will prohibit global
internet and social-media companies to transfer and process ‘sensitive
personal data’ of Indians to their servers abroad. The bill will prohibit
cross-border movement of information such as passwords, financial and
health data, caste, religious and political beliefs, sexual status and
orientation. Violations, which will include unauthorized processing of
personal data, will attract severe financial censure. Maximum penalty is
being pegged at Rs. 15 crore or 4% of the worldwide turnover (whichever
is higher).
Asian equity markets saw thin trade as certain markets were closed on
account of Christmas holiday. Chinese markets declined after U.S. and
Japanese counterparts went down because of U.S. President’s attack on
the U.S. Federal Reserve. The President called the Fed the only problem
of the country’s economy. Also, investors are worried over slowing global
economic growth. Today (as of Dec 26), Asian markets opened on a
mixed note. Investors likely traded cautiously following statement from
the U.S. President that the U.S. Federal Reserve was hiking interest rates
too quickly. Nikkei grew 1.45% (as at 8.a.m. IST). Hangseng remained
closed on account of public holiday.
European markets closed lower on Dec 24 amid political uncertainty in
U.S. Meanwhile, trading activity remained subdued ahead of Christmas
Holiday.
U.S markets closed lower on Dec 24 reflecting recent downward
momentum amid market turmoil in Washington. Meanwhile, trading
activity remained subdued ahead of the Christmas Day holiday on Dec
25.
Markets for You
FII Derivative Trade Statistics 24-Dec
(Rs Cr) Buy
Sell Open Int.
Index Futures 4383.71 4699.42 31136.55
Index Options 104304.75 102676.58 66510.50
Stock Futures 27508.32 28712.67 86455.60
Stock Options 9479.93 9601.02 9261.88
Total 145676.71 145689.69 193364.53
24-Dec Prev_Day
Change
Put Call Ratio (OI) 1.26 1.28 -0.02
Indian Debt Market
Put Call Ratio(Vol) 0.87 0.88 -0.01
24-Dec Wk. Ago Mth. Ago
Year Ago
Call Rate 6.50% 6.51% 6.48% 5.97%
T-Repo 6.52% 6.41% 6.48% --
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.60% 6.60% 6.68% 6.18%
364 Day T-Bill 6.95% 7.05% 7.20% 6.37%
10 Year Gilt 7.29% 7.46% 7.71% 7.27%
G-Sec Vol. (Rs.Cr) 21720 25648 47027 38674
Currency Market Update
FBIL MIBOR 6.60% 6.55% 6.60% 6.03%
3 Month CP Rate 7.20% 7.15% 8.00% 7.03%
5 Year Corp Bond 8.23% 8.32% 8.51% 7.94%
1 Month CD Rate 7.13% 6.99% 6.85% 6.35%
3 Month CD Rate 7.10% 7.09% 7.31% 6.45%
1 Year CD Rate 8.17% 8.28% 8.12% 6.90%
Commodity Market Update
Currency 24-Dec Prev_Day
Change
USD/INR 70.18 70.04 0.14
GBP/INR 88.87 88.70 0.17
EURO/INR 79.88 80.21 -0.33
International News
JPY/INR 0.63 0.63 0.00
Commodity 24-Dec Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)* 45.33 49.75 54.38 58.24
Brent Crude($/bl)* 51.87 57.53 56.83 64.95
Gold( $/oz) 1268 1246 1222 1275
Gold(Rs./10 gm) 31190 31287 30834 28686
Source: Thomson Reuters Eikon
*As on Dec 21, 2018
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
26 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 10,681.90 points, a premium of 18.40
points, above the spot closing of 10,663.50. The turnover on NSE’s
Futures and Options segment declined to Rs. 9,38,436.13 crore on Dec
24 compared with Rs. 9,58,378.42 crore on Dec 21.
The Put-Call ratio stood at 0.92 against the previous close of 0.93.
The Nifty Put-Call ratio stood at 1.26 compared with the previous
session’s close of 1.28.
India VIX declined 3.61% to 15.4150 compared with 15.9925 at the
previous trading session.
Open interest on Nifty Futures stood at 25.84 million as against the
previous close at 25.34 million.
Bond yields rose as trading volume remained thin ahead of the
holiday. Investors preferred to invest in high yielding state bonds, which
led to the thin trading in government bond. However, the overall market
sentiment remains upbeat with the central bank raising the quantum of
security purchases under open market operation.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 1 bps to
close at 7.29% as compared with 7.28% in the previous session after
trading in the range of 7.27% to 7.31%.
Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 20,903 crore (gross) on Dec 24 compared with
a borrowing of Rs. 13,658 crore (gross) on Dec 21. Sale of securities
under Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
25,515 crore on Dec 21.
The Indian rupee was nearly steady as importers’ month-end dollar
demand and feeble domestic equity market nullified the early gains from
greenback sales.
The euro declined against the greenback on feeble eurozone consumer
confidence numbers for Dec 2018 that dropped steeper than
expectation. In addition, the ongoing concerns over Brexit with the
dispute set to resume in Jan 2019 also had a bearing on the single
currency.
Gold prices rose following the weakness in the U.S. equity market on
concerns of a slowing global economy.
Brent crude prices tumbled on oversupply concerns, fall in energy
demand, political brinkmanship in the U.S. and expectation of sluggish
global economic growth.
University of Michigan data showed an improvement in U.S. consumer
sentiment for Dec 2018. Consumer sentiment index for Dec 2018 came
in at 98.3 from a preliminary reading of 97.5. Expectations were for the
index to stay unrevised.
Office for National Statistics data showed British business investment
decreased for three consecutive quarters as businesses reduced
spending due to the Brexit chaos. This means it is the weakest period
since the 2008-09 global financial crisis. Business investment has gone
down 1.1% sequentially in the third quarter. Britain's five leading
business groups have urged lawmakers to prevent a disorderly "no-deal"
Brexit.
Markets for You
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