Markets for You
18 Dec 2019

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

Indices Performance

Global Indices 17-Dec Prev_Day Abs. Change % Change#
Russell 3000 1,405 1,405 0 -0.02
Nasdaq 8,823 8,814 9 0.10
FTSE 7,525 7,519 6 0.08
Nikkei 24,066 23,952 114 0.48
Hang Seng 27,844 27,508 336 1.22
Indian Indices 17-Dec Prev_Day Abs. Change % Change#
S&P BSE Sensex 41,352 40,939 413 1.01
Nifty 50 12,165 12,054 111 0.92
Nifty 100 12,249 12,145 104 0.86
Nifty 500 9,831 9,753 78 0.80
Nifty Bank 32,140 31,974 199 0.52
S&P BSE Power 1,902 1,889 14 0.72
S&P BSE Small Cap 13,394 13,306 88 0.66
S&P BSE HC 13,355 13,380 -25 -0.19

P/E Dividend Yield

  Sensex Nifty
Date P/E Div. Yield P/E Div. Yield
17-Dec 28.91 1.12 28.35 1.23
Month Ago 26.77 1.14 27.32 1.26
Year Ago 23.78 1.20 26.34 1.22

Nifty 50 Top 3 Gainers

Company   17-Dec Prev_Day % Change#
Tata Steel 439 421 4.37
Bharti Airtel 440 422 4.29
Vedanta Limited 152 147 3.53

Nifty 50 Top 3 Losers

Company   17-Dec Prev_Day % Change#
Sun Pharma 429 435 -1.40
Titan Industries Limited 120 121 -1.16
Vedanta Limited 1157 1166 -0.71

Advance Decline Ratio

      BSE NSE
Advances     1439 1073
Declines     1077 755
Unchanged     189 133

Institutional Flows (Equity)

Description (Cr)     Inflow/Outflow YTD
FII Flows*     870 93347
MF Flows**     573 57021
*17th Dec 2019; **13th Dec 2019    

Economic Indicator

YoY(%) Current Quarter Ago Year Ago
CPI 5.54%
(Nov-19)
3.28%
(Aug-19)
2.33%
(Nov-18)
IIP -3.80%
(Oct-19)
4.90%
(Jul-19)
8.40%
(Oct-18)
GDP 4.50%
(Sep-19)
5.00%
(Jun-19)
7.00%
(Sep-18)

Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI from 2010 to 2012

[1]Data as on 16 Dec 2019

Global Indices

  • Asian equity markets were mostly higher as trade worries and Brexit uncertainty continued to fade following the phase one U.S.-China deal and the U.K. elections. Today (as of Dec 18), Asian markets opened lower on Brexit worries as the U.K. Prime Minister stated they would go for a hard Brexit if its conditions are not fulfilled by the European Union by 2020. Both Nikkei and Hang Seng was trading down 0.29% and 0.06%, respectively (as at 8.a.m. IST).
  • European markets ended lower as investors became a little cautious after the recent rally supported by U.S.-China trade deal. Also, the U.K. Prime Minister's overhauled threats of a hard or no-deal Brexit if the European Union does not agree a with free trade agreement by the end of 2020 made investors anxious.
  • U S markets gained as the bourses are still riding high on preliminary trade pact between U S and China Upbeat corporate news also supported sentiment

Indian Equity Market

  • Indian equity markets gained on the back of strong global cues in the aftermath of U.S. and China signing a phase one deal. Also, news reports showed that the U.K. Prime Minister could change the law to guarantee the Brexit transition phase is not stretched beyond the end of 2020.
  • Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.01% and 0.92% to close at 41,352.17 and 12,165.00 respectively. S&P BSE MidCap and S&P BSE SmallCap gained 0.38% and 0.66% respectively.
  • The overall market breadth on BSE was strong with 1,439 scrips advancing and 1,077 scrips declining. A total of 189 scrips remained unchanged.
  • On the BSE sectoral front, S&P BSE Telecom was the major gainer, up 3.28% followed by S&P BSE Metal, up 3.02% and S&P BSE Teck, up 1.87%. S&P BSE Consumer Durables was the major loser, down 0.68% followed by S&P BSE Healthcare, down 0.19% and S&P BSE Realty, down 0.18%.

Domestic News

  • According to media reports, India's banks could see $7.6 billion earnings in Dec 2019 because the bankruptcy court has made fast progress in clearing a backlog of large cases. The banks are expected to benefit from the recovery process from four failed companies that could be completed in Dec.
  • The government has started consultations with the country's top 25 corporate houses and banks to assess their investment plan and try and resolve issues that they may be facing in their plans to expand operations, media reports showed. The initiative has been undertaken by the commerce and industry minister under the Project Management Cell (PMC).
  • According to a report, the total size of retail loan book of Indian banks could double to Rs. 96 trillion in five years. The total size of retail loan book stood at Rs. 22 trillion in FY14 and at Rs. 48 trillion in FY19. The growth will be supported by increased demand for private consumption, such as home, car, consumer durables, credit cards, etc, willingness of consumers to take loans, increased availability of various consumer data, improved usage of data analytics and regulatory initiatives.
  • The government could fall short in gross tax revenue (GTR) growth over the next five years and it could be much less than that estimated in the budget. The government had earlier estimated GTR for FY20 to be Rs. 25.52 lakh crore but based on provisional accounts for FY19, it could be Rs. 23.61 lakh crore. It calculated that the shortfall could range between Rs. 2.16 lakh crore in FY21 to Rs. 3.70 lakh crore in FY25, according to media reports.

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

FII Derivative Trade Statistics 17-Dec
(Rs Cr) Buy Sell Open Int.
Index Futures 1874.59 2471.26 13323.31
Index Options 147360.40 147103.77 51338.11
Stock Futures 10313.96 10566.89 94794.92
Stock Options 3706.98 3843.40 3816.08
Total 163255.93 163985.32 163272.42

Derivative Statistics- Nifty Options

17-Dec Prev_Day Change
Put Call Ratio (OI) 1.67 1.43 0.24
Put Call Ratio(Vol) 0.96 0.92 0.04

Debt Watch

17-Dec Wk. Ago Mth. Ago Year Ago
Call Rate 5.06% 5.00% 5.09% 6.51%
T-Repo 4.90% 4.75% 4.92% 6.41%
Repo 5.15% 4.85% 5.15% 6.50%
Reverse Repo 4.90% 4.90% 4.90% 6.25%
91 Day T-Bill 5.00% 5.00% 5.04% 6.60%
364 Day T-Bill 5.22% 5.18% 5.20% 7.05%
10 Year Gilt 6.75% 6.71% 6.52% 7.46%
G-Sec Vol. (Rs.Cr) 32403 38431 35660 25648
FBIL MIBOR[1] 5.24% 5.19% 5.25% 6.55%
3 Month CP Rate 5.40% 5.40% 5.50% 7.15%
5 Year Corp Bond 7.86% 7.67% 7.50% 8.32%
1 Month CD Rate 5.05% 4.97% 5.03% 6.99%
3 Month CD Rate 5.09% 5.12% 5.15% 7.09%
1 Year CD Rate 5.82% 5.86% 5.92% 8.28%

Currency Market

Currency 17-Dec Prev_Day Change
USD/INR 70.97 70.94 0.03
GBP/INR 94.22 94.96 -0.74
EURO/INR 79.10 79.01 0.09
JPY/INR 0.65 0.65 0.00

Commodity Prices

Commodity 17-Dec Wk Ago Mth. Ago Year Ago
NYMEX Crude($/bl) 60.83 59.17 57.49 49.75
Brent Crude($/bl) 70.83 68.41 63.46 57.53
Gold( $/oz) 1476 1464 1467 1246
Gold(Rs./10 gm) 37936 37590 38096 31287

Source: Thomson Reuters Eikon

[1]Data as on 16 Dec 2019

Derivatives Market

  • Nifty Dec 2019 Futures stood at 12,187.15, a premium of 22.15 points above the spot closing of 12,165.00. The turnover on NSE's Futures and Options segment rose to Rs. 9,99,956.44 crore on December 17, 2019, compared with Rs. 8,62,838.46 crore on December 16, 2019.
  • The Put-Call ratio stood at 0.9 compared with the previous session's close of 0.93.
  • The Nifty Put-Call ratio stood at 1.67 compared with the previous session's close of 1.43.
  • Open interest on Nifty Futures stood at 15.36 million, compared with the previous session's close of 14.86 million.

Indian Debt Market

  • Bond yields increased as some market participants resorted to buying notes to capitalize on the recent jump in yields, even as fiscal slippage concerns linger.
  • Yield on the new 10-year benchmark paper (6.45% GS 2029) lowered 5 bps to close at 6.75% compared with the previous close of 6.80% after trading in a range of 6.75% to 6.81%.
  • Banks borrowings under the repo window of the Liquidity Adjustment Facility (LAF) stood at Rs. 3,144 crore (gross) on Dec 17, 2019 compared with borrowings of Rs. 4,119 crore (gross) on Dec 16, 2019. Sale of securities under Reserve Bank of India's (RBI) reverse repo window stood at Rs. 30,462 crore on Dec 16, 2019.
  • Banks borrowed Rs. 7,652 crore under the central bank's Marginal Standing Facility on Dec 16, 2019 compared with borrowings of Rs. 3,600 crore on Dec 13, 2019.

Currency Market Update

  • The Indian rupee in spot trade rose against the greenback following gains in the domestic equity market. However, intervention by the Reserve Bank of India neutralized most of the gains.
  • The euro rose against the greenback following a phase one trade deal between U.S. and China. However, renewed uncertainty over Brexit capped the gains.

Commodity Market Update

  • Gold prices inched up as its safe haven appeal improved on renewed uncertainty over Brexit and lingering doubts on the trade deal between U.S. and China.
  • Brent crude prices surged on optimism over the trade deal between U.S. and China.

International News

  • Commerce Department data showed U.S. housing starts surged up 3.2% to an annual rate of 1.365 million in Nov 2019 after spiking 4.5% to 1.323 million in Oct 2019.
  • A Federal Reserve report showed U.S. industrial production rebounded 1.1% in Nov 2019 after tumbling by 0.9% in Oct 2019.
  • Data from the Office for National Statistics showed U.K. job vacancies declined sharply and average wage growth eased slightly, but the unemploymentrate remained unchanged.
  • Data from Eurostat showed euro area trade surplus increased in Oct 2019 as exports advanced from the previous month amid a fall in imports. The trade surplus increased to a seasonally adjusted EUR 24.5 billion from EUR 18.7 billion in Sep 2019.

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Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

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Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.