FIIs/FPIs have bought Indian equity shares worth Rs. 59 billion in the month of November 2018 and shares worth Rs. 34 billion in December 2018 (till 28th December).
Implied volatility (IV) fell for call option and rose for put option in the last week. Fall in IV for call option and rise in IV for put option shows unsteady support for Nifty at present levels.
Industrial production in Japan dropped 1.1% (M-o-M) in November 2018, after a 2.9% surge in October 2018 while markets had expected a 1.9 % fall.
Profits earned by China’s industrial firms rose by 11.8% from a year earlier to CNY 6.17 trillion in the first eleven months of 2018, easing from a 13.6% increase in the January-October period.
The number of Americans filling for unemployment benefits decreased by 1,000 to 216,000 in the week ending 22nd December 2018 from the previous week’s revised level of 217,000.
Stocks of crude oil in the US dropped by 0.046 million barrels in the week ended 21st December2018, following a 0.497 million decline in the previous week and compared to market expectations of a 2.869 million fall.
Wall Street closed mixed on Friday, as markets wrapped a volatile week triggered by the US government shutdown, global growth headwinds, and persistent trade tensions. During the week, Dow Jones gained by 2.75%, Nasdaq surged by 3.86% and S&P 500 jumped by 1%. In 2018, Dow Jones declined 7.3%, Nasdaq plummeted by 6% and S&P 500 fell by 7.8%.
European shares closed higher on Friday, recovering from a sharp sell-off in the previous session, with tech and bank shares among the best performers, as gains in Wall Street lifted investor’s mood. During the week, FTSE gained by 0.19% and DAX declined by 0.70%. In 2018, FTSE plummeted by 12% and DAX declined by 18%.
The Nikkei 225 lost 12.1% in 2018, its first yearly decline since 2011 amid growing concerns about the global economic slowdown and the US-China trade dispute.
The Shanghai Composite lost 25% in 2018, the worst performance since 2008 amid trade tensions between China and the US and a slowdown in Chinese economy.
Sensex and Nifty gained by 0.93% & 1% respectively during last week.
The GST Council cut tax rates on 17 goods and 6 services, ranging from cinema tickets, televisions, digital cameras and Jan-Dhan accounts to frozen vegetables, a move that will cost the Union and state governments about Rs 55 billion in one year.
India’s fiscal deficit widened to INR 7.17 trillion in April-November 2018 from INR 6.12 trillion in the same period of the previous fiscal year. Total expenditure increased 9.1% to INR 16.13 trillion and revenues rose at a much softer 3.4% to INR 8.97 trillion. The budget gap is equivalent to 114.8% of the government’s target for the whole financial year, compared with 112% a year ago.
Sectoral Indices Trends:
The sectoral indices mostly closed in Positive territory during last week. The S&P BSE IT, Bankex, Oil & Gas and PSU index indices had gained by 1.14%, 1.02%, 1% and 0.68% respectively. S&P BSE Auto index declined by 1%.
Reliance Industries Witnesses highest rise in turnover in Stock Derivatives
The Nifty Index futures witnessed fall in open interest by 368% for the January series. Implied volatility (IV) fell for call option and rose for put option in the last week. Fall in IV for call option and rise in IV for put option shows unsteady support for Nifty at present levels.
Reliance Industries Witnesses rise in turnover in Stock Derivatives
Reliance Industries has witnessed rise in open interest in the stock future segment in the last week. Share price of Reliance Industries declined by 1% in the last week. Reliance Industries had bought 5.56% stake in technology start-up, Vakt Holding for Rs. 350 million. Vakt Holding Ltd is a leading commodity trader & bank with a vision to digitise global commodity trading industry.
Foreign Institutional Investors (FIIs) Derivative Statistics have shown fall in the open interest across Stock Options, Stock futures and Index options and Index futures on a week on week basis.
Indian rupee appreciated by 0.60% against USD, USD/INR pair closed at Rs. 69.925 in the last week.