28 Nov 2018
Markets for You
Global Indices
Global Indices 27-Nov Prev_Day Abs. Change
% Change
#
Dow Jones 24,749 24,640 108 0.44
Nasdaq 7,083 7,082 1 0.01
FTSE 7,017 7,036 -19 -0.27
Nikkei 21,952 21,812 140 0.64
Hang Seng 26,332 26,376 -44 -0.17
Indian Indices 27-Nov Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,513 35,354 159 0.45
Nifty 50 10,686 10,629 57 0.54
Nifty 100 10,906 10,857 49 0.45
Nifty Bank 26,443 26,366 78 0.29
SGX Nifty 10,664 10,606 58 0.55
S&P BSE Power 1,927 1,916 10 0.55
S&P BSE Small Cap 14,391 14,329 62 0.43
S&P BSE HC 14,051 14,178 -128 -0.90
Date P/E Div. Yield P/E Div. Yield
27-Nov 23.05 1.23 25.85 1.24
Month Ago 21.32 1.34 24.12 1.34
Year Ago 24.89 1.15 26.61 1.07
Nifty 50 Top 3 Gainers
Company 27-Nov Prev_Day
% Change
#
Infosys 639 621 2.81
BPCL 336 327 2.49
Bajaj Finserv Limited 5880 5738 2.48
Nifty 50 Top 3 Losers Domestic News
Company 27-Nov Prev_Day
% Change
#
Hero Moto 2958 3076 -3.83
Sun Pharma 494 511 -3.31
Yes Bank 183 188 -2.79
Advance Decline Ratio
BSE NSE
Advances 1222 854
Declines 1350 920
Unchanged 167 123
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -38784
MF Flows** 114166
*27
th
Nov 2018; **26
th
Nov 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
8.20%
(Jun-18)
5.60%
(Jun-17)
28 November 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
7.00%
(Jun-18)
7.70%
(Mar-18)
Quarter Ago
Inflow/Outflow
674
1285
4.17%
(Jul-18)
Indian equity markets gained as rupee appreciated and crude oil prices
declined, easing concerns over rise in domestic inflation. Gains were
restricted by expiry of derivative contracts in two days and trade war
worries after the U.S. President told a newspaper that it was ‘highly
unlikely’ that his administration would pare or delay the 25% tariffs on
Chinese goods. The President also suggested putting tariffs on products
of a major U.S. technology company imported from China.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.45% and
0.54% to close at 35,513.14 and 10,685.60, respectively. S&P BSE Mid-
Cap gained 0.32%, while S&P BSE Small Cap increased 0.43%.
On the BSE sectoral front, S&P BSE Information Technology was the
major gainer, up 1.67%, followed by S&P BSE Teck, up 1.36%, and S&P
BSE Energy, up 1.18%. S&P BSE Healthcare was the major loser, down
0.9%, followed by S&P BSE Metal and S&P BSE Telecom, down 0.8% and
0.67%, respectively.
The SEBI has issued a framework as per which a large corporate will
have to raise 25% borrowings through corporate bonds from FY20. The
announcement comes in order to deepen the corporate bonds market.
SEBI stated that if the entities are unable to comply with the
requirement, they will have to provide explanation for such shortfall to
the stock exchanges in a prescribed manner.
The Reserve Bank of India (RBI) has lowered the hedging requirements
for external commercial borrowings (ECBs) of 3-5 years to 70% from
100%. The mandatory limit would automatically be reduced to 70% at
the time of rollover of the existing hedges. The reduction in hedging
requirements would help Indian companies in borrowing funds relatively
cheaply as hedging cost added up substantially to the final cost.
The National Stock Exchange (NSE) announced that it has received
approval from the Securities and Exchange Board of India (SEBI) for
introduction of weekly derivatives contracts on USD-INR that will be
launched from Dec 3, 2018. The managing director and CEO of NSE
stated that weekly derivatives contracts will help participants limit time-
related premium costs, thereby leading to effective protection for their
foreign exchange exposures.
The government is taking into consideration exercise of greenshoe
option worth Rs. 4,000-6,000 crore in the Central Public Sector
Enterprises - Exchange Traded Fund (CPSE ETF FF03) over the base issue
size of Rs. 8,000 crore. CPSE ETF works like a mutual fund scheme. It is
an instrument with which the government divests its stake in the CPSEs
without hitting the secondary market directly with individual PSUs.
Asian equity markets ended mostly up though the start was weak. The
major triggers were steadied as crude oil prices and improved political
situation in Europe. The initial weakness came on the back of U.S.
President dismissing hopes of a paring of tariffs on Chinese goods in an
interview to a newspaper. Today (as of Nov 28), Asian markets opened
on a mixed note as investors remained cautious waiting for a crucial
meeting between the U.S. President and Chinese leader in the week
ended Nov 30. Nikkei and Hangseng grew 0.84% and 0.50%, respectively
(as at 8.a.m. IST).
As per the last close, European markets closed lower due to renewed
trade tensions between U.S. and China.
As per the last close, U.S markets closed almost higher following
comments from U.S. President’s top economic advisor that flashed some
hope that the U.S. and China will strike a compromise on trade.
However, reports that U.S. President has stated that it was highly
doubtful that there would be delay in increase in tariffs on $200 billion
worth of Chinese goods restricted the gains.
Markets for You
FII Derivative Trade Statistics 27-Nov
(Rs Cr) Buy
Sell Open Int.
Index Futures 4680.02 4847.81 35146.17
Index Options 88832.54 87010.61 76767.14
Stock Futures 24575.05 24099.84 85741.19
Stock Options 8739.18 8865.47 10446.71
Total 126826.79 124823.73 208101.21
27-Nov Prev_Day
Change
Put Call Ratio (OI) 1.74 1.64 0.11
Indian Debt Market
Put Call Ratio(Vol) 0.99 1.00 -0.01
27-Nov Wk. Ago Mth. Ago
Year Ago
Call Rate 6.37% 6.43% 6.48% 5.88%
T-Repo 6.40% 6.46% -- --
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.73% 6.77% 6.91% 6.12%
364 Day T-Bill 7.20% 7.26% 7.41% 6.23%
10 Year Gilt 7.73% 7.79% 7.88% 7.06%
G-Sec Vol. (Rs.Cr) 33537 29111 26216 40892
Currency Market Update
FBIL MIBOR 6.58% 6.50% 6.55% 6.00%
3 Month CP Rate 7.80% 8.35% 8.45% 6.80%
5 Year Corp Bond 8.55% 8.56% 8.84% 7.71%
1 Month CD Rate 6.80% 6.89% 7.19% 6.06%
3 Month CD Rate 7.35% 7.45% 7.34% 6.24%
1 Year CD Rate 8.51% 8.17% 8.34% 6.60%
Commodity Market Update
Currency 27-Nov Prev_Day
Change
USD/INR 70.91 70.71 0.19
GBP/INR 90.84 90.65 0.19
EURO/INR 80.42 80.27 0.15
International News
JPY/INR 0.62 0.62 0.00
Commodity 27-Nov Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 51.26 53.34 67.53 58.04
Brent Crude($/bl) 59.17 60.64 78.29 63.62
Gold( $/oz) 1214 1221 1233 1294
Gold(Rs./10 gm) 30673 30913 31868 29469
Source: Thomson Reuters Eikon
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28 November 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Nov 2018 Futures settled at 10684.85, a discount of 0.75 points,
below the spot closing of 10,685.60. The turnover on NSE’s Futures and
Options segment increased to Rs. 9,99,825.16 crore on Nov 27 compared
with Rs. 7,76,197.08 crore on Nov 26.
The Put-Call ratio stood at 0.99 compared with previous close of 0.97.
The Nifty Put-Call ratio stood at 1.74 compared with previous close of
1.64.
India VIX decreased 10.94% to 18.1700 compared with 20.4025 at
previous trading session.
Open interest on Nifty Futures stood at 25.97 million as against
previous close at 26.61 million.
Bond yield stood steady after the auction of state debt supply came as
per market expectation. Also, investors were reluctant to take any major
step ahead of Monetary Policy Committee’s rate decision scheduled on
Dec 5.
Yield on the 10-year benchmark paper (7.17% GS 2028) stood steady
at 7.73% after trading in the range of 7.71% to 7.75%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,846 crore (gross) on Nov 27 compared with a
borrowing of Rs. 4,541 crore (gross) on Nov 26. Sale of securities under
the Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
17,768 crore on Nov 26.
Banks borrowed Rs. 25 crore under the central bank’s Marginal
Standing Facility on Nov 26 compared with no borrowing on Nov 22.
The Indian rupee rose against the U.S. dollar following greenback sales
by exporters. However, renewed concerns of a global trade war
following U.S. President’s recent comments on raising trade tariffs on
China restricted further gains. The rupee rose 0.15% to close at 70.76 a
dollar compared with the previous close of 70.87.
The euro inched down against the greenback as the safe haven appeal
of the latter improved on concerns of a global trade war after the U.S.
President indicated that he would push ahead with tariffs on Chinese
goods.
Gold prices inched up ahead of the Fed Chair’s speech and G20
summit where the U.S.-China are expected to progress on trade talks.
Brent crude prices gained ahead of the G20 meeting and upcoming
meeting of OPEC. However, upside was limited amid concerns of an
oversupply.
As per European Central Bank’s President Mario Draghi, gradual
slowdown is eurozone’s economy is normal and temporary to some
extent. The President also mentioned that eurozone’s inflation is
expected to rise in the coming months, thus massive asset purchase
program could be ended in Dec 2018.
According to the Bank of Japan, producer prices of the country rose
more than expected by 1.3% YoY in Oct 2018 as against downwardly
revised 1.1% gain in Sep 2018. On a monthly basis, producer prices rose
0.4% following the flat reading in the previous month.
Markets for You
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