31 Dec 2018
Markets for You
Global Indices
Global Indices 28-Dec Prev_Day Abs. Change
% Change
#
Dow Jones 23,062 23,139 -76 -0.33
Nasdaq 6,585 6,579 5 0.08
FTSE 6,734 6,585 149 2.27
Nikkei 20,015 20,078 -63 -0.31
Hang Seng 25,504 25,479 25 0.10
Indian Indices 28-Dec Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,077 35,807 269 0.75
Nifty 50 10,860 10,780 80 0.74
Nifty 100 11,102 11,016 86 0.78
Nifty Bank 27,125 26,879 247 0.92
SGX Nifty 10,925 10,780 145 1.34
S&P BSE Power 1,991 1,974 18 0.90
S&P BSE Small Cap 14,606 14,482 124 0.86
S&P BSE HC 13,830 13,656 174 1.28
Date P/E Div. Yield P/E Div. Yield
28-Dec 23.69 1.16 26.16 1.24
Month Ago 23.30 1.22 25.96 1.24
Year Ago 24.95 1.14 26.82 1.08
Nifty 50 Top 3 Gainers
Company 28-Dec Prev_Day
% Change
#
Titan Industries 923 888 3.95
Sun Pharma 425 411 3.42
Indian Oil 138 134 3.21
Nifty 50 Top 3 Losers Domestic News
Company 28-Dec Prev_Day
% Change
#
Coal India 242 250 -3.16
Bharti Infratel 263 267 -1.42
BPCL 362 365 -0.74
Advance Decline Ratio
BSE NSE
Advances 1586 1133
Declines 1064 646
Unchanged 144 117
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -32397
MF Flows** 118128
*28
th
Dec 2018; **27
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)
31 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
-1537
1577
4.17%
(Jul-18)
Indian equity markets ended the week with gains on the back of a
strong rupee, weak crude oil prices and positive global cues. The
combination of a stronger rupee and weaker oil prices augur well for the
economy as it keeps inflation in check.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.75% and
0.74% to close at 36,076.72 and 10,859.90, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap increased 0.93% and 0.86%, respectively.
The overall market breadth on BSE was strong with 1586 scrips
advancing and 1064 scrips declining. A total of 148 scrips remained
unchanged.
On the BSE sectoral front, all the sectors except one gained. S&P BSE
Consumer Durables was the major gainer, up 2.15%, followed by S&P
BSE Healthcare and S&P BSE Basic Materials, up 1.28% and 1.15%,
respectively. S&P BSE Finance and S&P BSE Industrials gained 1.13% and
1.12%, respectively. S&P BSE Telecom was the only loser, down 0.08%.
Government data showed that India’s fiscal deficit for Apr-Nov 2018
came in at Rs. 7.16 lakh crore, or 114.8% of the budgeted target for FY19
as against 112.0% in the year-ago period. Net tax receipts were Rs. 7.31
lakh crore or 49.4% of the budget estimate for FY19 compared with
57.0% in the corresponding period of the previous year. The
government’s total expenditure for the period from Apr to Nov of 2018
stood at Rs. 16.13 lakh crore or 66.1% of the budget estimate for FY19
compared with 68.9% in the corresponding period of the previous year.
According to the government, Rs. 38,896 crore Goods & Services Tax
(GST) evasion has been detected in 6,585 cases in Apr-Oct 2018-19.
Central excise evasion of Rs. 3,028.58 crore in 398 cases and services tax
evasion of Rs. 26,108.43 crore in 3,922 cases was found during the
seven-month period.
Compliance of foreign direct investment (FDI) rules will continue to be
monitored by the Reserve Bank of India (RBI) and the Enforcement
Directorate (ED) though the government has tightened FDI rules for e-
commerce companies. The agencies were seen to be lax in enforcing the
earlier rules to discipline errant e-retailers. News reports said revised FDI
rules will further squeeze scope for e-retailers to violate the extant policy
by influencing prices of products sold on their platforms via predatory
discounts. The government will finalise the draft e-commerce policy in a
few weeks. The policy will make proposals to further develop the e-
commerce sector and include ways to boost exports via e-commerce.
India could cut import tax on palm oil, according to media news. This
will be in line with New Delhi's trade agreements with Southeast Asian
countries. India is the world's top buyer of vegetable oils and earlier in
the year raised the import tax on crude palm oil to 44% from 30% and
lifted the tax on refined palm oil to 54% from 40%.
Asian markets largely remained positive, tracking overnight positive
cues from Wall Street, which rebounded from negative territory.
However, Japanese markets remained exception to the market gains as
the key index slumped after Bank of Japan released its summary of
opinions from its latest monetary policy meeting, where it noted the
heightening of downside risks to economic activity. Today (as of Dec 31),
Asian markets opened higher likely following reports that a long and good
call too place between the U.S. and China’s President. Hangseng grew
0.86% (as at 8.a.m. IST). Nikkei remained closed.
As per the last close, European markets closed higher following gains in
technology, banking, and oil & gas stocks. However, concerns over global
economic growth, impact of partial government shutdown in U.S.,
uncertainty about U.S-China trade deal and Brexit, restricted the gains.
As per the last close, U.S markets closed on a mixed note following
substantial volatility over the past several sessions. Weakness in pending
home sales for Nov 2018 weighed on investor sentiment. Trading
remained subdued ahead of New Year's Day holiday on Jan 1, 2019.
Markets for You
FII Derivative Trade Statistics 28-Dec
(Rs Cr) Buy
Sell Open Int.
Index Futures 8336.72 7296.14 23056.98
Index Options 191852.65 193665.16 34281.74
Stock Futures 20659.93 19990.40 77030.13
Stock Options 4986.14 4692.56 1112.16
Total 225835.44 225644.26 135481.01
28-Dec Prev_Day
Change
Put Call Ratio (OI) 1.54 1.35 0.19
Indian Debt Market
Put Call Ratio(Vol) 0.93 0.95 -0.02
28-Dec Wk. Ago Mth. Ago
Year Ago
Call Rate 6.57% 6.45% 6.36% 6.00%
T-Repo 6.52% 6.48% 6.34% --
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.52% 6.65% 6.77% 6.13%
364 Day T-Bill 6.93% 6.95% 7.21% 6.39%
10 Year Gilt 7.39% 7.28% 7.64% 7.40%
G-Sec Vol. (Rs.Cr) 29338 34307 55612 37930
Currency Market Update
FBIL MIBOR 6.68% 6.59% 6.53% 6.10%
3 Month CP Rate 7.25% 7.20% 7.75% 7.01%
5 Year Corp Bond 8.27% 8.21% 8.47% 8.06%
1 Month CD Rate 7.09% 6.97% 6.88% 6.37%
3 Month CD Rate 7.01% 6.95% 7.27% 6.40%
1 Year CD Rate 8.05% 8.16% 8.50% 6.98%
Commodity Market Update
Currency 28-Dec Prev_Day
Change
USD/INR 69.98 70.33 -0.35
GBP/INR 88.66 88.98 -0.33
EURO/INR 80.18 80.02 0.16
International News
JPY/INR 0.63 0.63 0.00
Commodity 28-Dec Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 45.10 45.33 50.01 59.79
Brent Crude($/bl) 50.51 51.87 57.56 66.48
Gold( $/oz) 1281 1256 1221 1295
Gold(Rs./10 gm) 31547 31114 30394 29250
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
31 December 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Jan 2019 settled at 10907.75, a premium of 47.85 points over the
spot closing 10,859.90. The turnover on NSE’s Futures and Options
segment fell to Rs. 4,00,246.92 crore on Dec 28 compared with Rs. Rs.
21,62,816.58 crore on Dec 27.
The Put-Call ratio stood at 0.90 against the previous close of 0.86.
The Nifty Put-Call ratio stood at 1.54 compared with previous close of
1.35.
India VIX fell 4.99% to 15.2700 compared with 16.0725 at the previous
trading session.
Open interest on Nifty Futures stood at 23.06 million as against
previous close at 30.07 million.
Bond yields rose as investors resorted to profit booking ahead of the
quarter-end. Concerns over fiscal deficit and higher state borrowing
expectations also dampened market sentiments.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 11 bps to
close at 7.39% as compared with 7.28% in the previous session after
trading in the range of 7.26% to 7.39%.
Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,124 crore (gross) on Dec 28 compared with a
borrowing of Rs. 20,537 crore (gross) on Dec 27. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 28,825
crore on Dec 27.
Banks borrowed Rs. 710 crore under the central bank’s Marginal
Standing Facility on Dec 27 compared with borrowing of Rs. 15,180 crore
Dec 26.
The Indian rupee rose against the greenback due to selling of the
greenback by exporters and gains in the domestic equity market.
However, month end dollar demand from oil importers capped the
gains. The rupee closed at 69.94 a dollar, up 0.58% compared with the
previous close of 70.35.
The euro gained against the greenback as renewed worries about U.S.-
Chinese trade disputes kept the greenback under pressure. The euro
was last seen trading at 1.1464 a dollar, up 0.31%.
Gold traded higher following worries over global economic growth,
and renewed China-U.S. tensions.
Brent crude prices traded lower as concerns over global economic
growth and rising U.S. inventories kept markets under pressure.
Ministry of Economy and Industry data showed Japan retail sales were
down a seasonally adjusted 1.0% MoM in Nov 2018. The data missed
expectations for a decline of 0.4% after 1.3% increase in Oct 2018.
Annually, retail sales increased 1.4%, which is more than expectations
for an increase of 0.6% after 3.6% gain in the previous month. Sales
from large retailers decreased 2.2% YoY.
According to a report from the Federal Statistical Office, Germany’s
consumer price index grew 1.7% YoY in Dec 2018 as against an increase
of 2.3% in Nov 2018. This marked the lowest level since Apr 2018.
Consumer price index inched up 0.1% MoM in Dec 2018.
Markets for You
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