28 Dec 2018
Markets for You
Global Indices
Global Indices 27-Dec Prev_Day Abs. Change
% Change
#
Dow Jones 23,139 22,878 260 1.14
Nasdaq 6,579 6,554 25 0.38
FTSE 6,585 6,686 -101 -1.52
Nikkei 20,078 19,327 751 3.88
Hang Seng 25,479 25,651 -173 -0.67
Indian Indices 27-Dec Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,807 35,650 157 0.44
Nifty 50 10,780 10,730 50 0.47
Nifty 100 11,016 10,969 47 0.43
Nifty Bank 26,879 26,987 -108 -0.40
SGX Nifty 10,780 10,780 0 0.00
S&P BSE Power 1,974 1,966 8 0.41
S&P BSE Small Cap 14,482 14,436 45 0.31
S&P BSE HC 13,656 13,671 -15 -0.11
Date P/E Div. Yield P/E Div. Yield
27-Dec 23.40 1.17 26.08 1.23
Month Ago 23.05 1.23 25.85 1.24
Year Ago 24.99 1.13 26.85 1.08
Nifty 50 Top 3 Gainers
Company 27-Dec Prev_Day
% Change
#
Tech Mahindra 709 694 2.21
ONGC 150 147 2.11
Zee Ente. 464 455 2.05
Nifty 50 Top 3 Losers Domestic News
Company 27-Dec Prev_Day
% Change
#
Tata Motors 168 171 -1.55
Hero Moto 3129 3175 -1.46
Tata Steel 507 513 -1.35
Advance Decline Ratio
BSE NSE
Advances 1336 961
Declines 1229 804
Unchanged 182 107
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -33975
MF Flows** 119665
*27
th
Dec 2018; **26
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)
28 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
6.50%
(Jul-18)
8.20%
(Jun-18)
Quarter Ago
Inflow/Outflow
460
-144
4.17%
(Jul-18)
Indian equity markets rose, following positive cues from Asian markets.
Weakness in global crude oil prices also contributed to the upside.
Buying interest found additional support from optimism over central
government’s bank recapitalisation announcement. The government is
expected release Rs 286.15 billion before the end of this month towards
a fresh tranche of funds to recapitalise state-run banks. Meanwhile, the
expiry of monthly futures and options contracts added volatility, thereby
restricting gains.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.44% and
0.47% to close at 35,807.28 and 10,779.80, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap increased 0.32% and 0.31%, respectively.
The overall market breadth on BSE was strong with 1336 scrips
advancing and 1229 scrips declining. A total of 183 scrips remained
unchanged.
On the BSE sectoral front, S&P BSE Energy was the major gainer, up
1.54%, followed by S&P BSE Information Technology and S&P BSE Teck,
up 1.32% and 1.22%, respectively.
The Reserve Bank of India (RBI) has set up an expert committee
headed by its former governor to suggest how the central bank should
handle its reserves. The panel will also suggest whether RBI can transfer
its surplus to the government. The committee will review the existing
economic capital framework (ECF) and submit its report within 90 days
of its first meeting.
The Goods and Services Tax (GST) Council will extend the unbundling of
bills beyond healthcare for all categories of services exempt from the
tax, such as education. This could mean separate bills for taxable and
non-taxable components in bills that include services exempt under the
GST regime.
The move is aimed at bringing more transparency in billing for
consumers and protecting the government’s revenues.
The commerce and industry minister said India will aim to receive $100
billion in foreign direct investments in the next two years. He said special
industrial clusters are being created for countries like Japan, South
Korea, China and Russia where their companies can invest and operate.
The minister said his ministry has identified sectors and countries that
hold huge potential for investments in India. He said India would be a
top destination for foreign investors in 2019 and the ministry would
discuss all sectoral issues that may hinder attracting overseas
investments.
E-commerce firms and trade groups have appreciated the new rules
for the sector as it would help create level playing field for all sellers.
Small vendors are worried over the condition to sell only 25% of their
products through an e-commerce platform.
Markets for You
Asian equity markets were mostly up as U.S. counterparts gained. U.S.
markets have seen heavy losses in recent days and investors resorted to
bargain hunting, giving a fillip to the bourses. Also, worries about the
tenure of Federal Reserve chairman eased and crude oil prices
rebounded strongly. Today (as of Dec 28), Asian markets opened mixed
following a turbulent session on the U.S. Wall Street. Nikkei was trading
down 0.55% and Hangseng were trading up 0.25% (as at 8.a.m. IST).
As per the last close, European markets closed lower following rough
start in U.S. and declining crude oil prices. Lingering tensions between
China and the U.S also weighed on investor’s sentiments.
As per the last close, U.S. markets initially plunged amid renewed
tensions between China and the U.S and weak economic data. However,
the trend reversed, and market closed higher following value buying by
the investors.
FII Derivative Trade Statistics 27-Dec
(Rs Cr) Buy
Sell Open Int.
Index Futures 13921.68 14676.42 34263.28
Index Options 151864.57 151949.34 67556.53
Stock Futures 32306.16 32578.21 90480.81
Stock Options 7071.84 7080.18 8995.63
Total 205164.25 206284.15 201296.25
27-Dec Prev_Day
Change
Put Call Ratio (OI) 1.35 1.39 -0.04
Indian Debt Market
Put Call Ratio(Vol) 0.95 0.91 0.04
27-Dec Wk. Ago Mth. Ago
Year Ago
Call Rate 6.58% 6.44% 6.37% 5.96%
T-Repo 6.60% 6.44% 6.40% --
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.66% 6.59% 6.73% 6.18%
364 Day T-Bill 6.92% 6.96% 7.20% 6.39%
10 Year Gilt 7.28% 7.27% 7.73% 7.22%
G-Sec Vol. (Rs.Cr) 31874 45131 33537 45535
Currency Market Update
FBIL MIBOR* 6.65% 6.60% 6.58% 6.05%
3 Month CP Rate 7.25% 7.20% 7.80% 7.01%
5 Year Corp Bond 8.26% 8.23% 8.53% 7.91%
1 Month CD Rate 7.07% 6.90% 6.80% 6.40%
3 Month CD Rate 7.07% 6.90% 7.35% 6.40%
1 Year CD Rate 8.06% 8.16% 8.51% 6.96%
Commodity Market Update
Currency 27-Dec Prev_Day
Change
USD/INR 70.33 69.99 0.34
GBP/INR 88.98 88.96 0.02
EURO/INR 80.02 79.82 0.20
International News
JPY/INR 0.63 0.63 0.00
Commodity 27-Dec Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 44.43 45.59 51.26 59.62
Brent Crude($/bl) 51.43 52.78 59.17 66.37
Gold( $/oz) 1275 1260 1214 1287
Gold(Rs./10 gm) 31513 31040 30673 29092
Source: Thomson Reuters Eikon
*As on 26-Dec-18
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
28 December 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Dec 2018 Futures settled at spot closing of 10,779.80. Nifty Jan
2019 settled at 10,809.85, a premium of 30.05 points over the spot
closing. The turnover on NSE’s Futures and Options segment rose to Rs.
21,62,816.58 crore on Dec 27 compared with Rs. 15,22,811.79 crore on
Dec 26.
The Put-Call ratio stood at 0.86 against the previous day’s close of 0.85.
The Nifty Put-Call ratio stood at 1.35 compared with the previous
session’s close of 1.39.
India VIX rose 0.47% to 15.9950 compared with 15.9200 at the
previous trading session.
Bond yields inched up following the fall in rupee. Yield on the 10-year
benchmark paper (7.17% GS 2028) rose 2 bps to close at 7.28% as
compared with 7.26% in the previous session after trading in the range
of 7.23% to 7.30%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 20,537 crore (gross) on Dec 27 compared with
a borrowing of Rs. 22,786 crore (gross) on Dec 26. Sale of securities
under RBI's reverse repo window stood at Rs. 10,820 crore on Dec 26.
Banks borrowed Rs. 15,810 crore under the central bank’s Marginal
Standing Facility on Dec 26 compared with no borrowing on Dec 24.
RBI conducted auction of 7 day variable rate repo for notified amount
of Rs. 20,000 crore for which Rs. 20,001 crore was allotted at cut-off rate
of 6.53%.
The Indian rupee declined due to the month end dollar demand from
importers. The rupee closed at 70.35 a dollar compared with the
previous close of 70.07.
The euro gained against the greenback with the Italian senate giving its
approval to the 2019 Roman budget. In addition, the rising friction
between the U.S. president and the Federal Reserve over interest rate
policy kept dollar under pressure, while strengthening euro.
Gold prices extended gains from the previous session on account of the
rising uncertainty on global economic growth and the U.S. political
unrest. .
Brent crude prices edged lower on oversupply concerns and an
expected fall in energy demand owing to global economic slowdown.
IHS Markit survey data showed Austria's manufacturing growth slowed
in Dec 2018 on the back of a drop in export orders. The headline
UniCredit Bank Austria Manufacturing purchasing managers' index (PMI)
fell to 53.9 from 54.8 in Nov 2018. A reading above 50 suggests growth in
the sector. This is the lowest reading in over two years.
INE data showed Spain retail sales grew at a slower pace in Nov 2018.
Retail sales increased an adjusted 1.4% YoY in Nov after rising 2.1% in
Oct 2018. On an unadjusted basis, retail sales grew 1.5% after a 4.7%
increase in the previous month. Sequentially, retail sales increased 0.4%
after a 1.1% rise. Food products sales fell 0.1% and non-food product
sales increased 0.2%.
Markets for You
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