Correlation Update 31.01.2015

Nifty one year daily return correlations

Nifty one year daily return correlations

Nifty one month daily return correlations

Nifty one month daily return correlations

Bank Nifty one year daily return correlations

Bank Nifty one year daily return correlations

Bank Nifty one month daily return correlations

Bank Nifty one month daily return correlations

Midcap one year daily return correlations

Midcap one year daily return correlations

Midcap one month daily return correlations

Midcap one month daily return correlations

A lot of thick blue squares mean that positive correlations are high. Red squares mean negative correlations are high. Whites are the doldrums.

Options Weekly 31.01.2015

Summary: Feb NIFTY 9000 calls added 3,441,600 contracts while 8800 calls shed 858,675. On the Put side of the equation, the 8800 strike added 2,124,000 while the 9000′s shed 712,300.

JAN NIFTY OI

JAN NIFTY OI chart

JAN NIFTY OI

JAN NIFTY OI chart

JAN NIFTY OI

JAN NIFTY OI chart

FEB NIFTY OI

FEB NIFTY OI chart

FEB NIFTY OI

FEB NIFTY OI chart

FEB NIFTY OI

FEB NIFTY OI chart

JAN BANKNIFTY OI

JAN BANKNIFTY OI chart

JAN BANKNIFTY OI

JAN BANKNIFTY OI chart

JAN BANKNIFTY OI

JAN BANKNIFTY OI chart

JAN BANKNIFTY OI

JAN BANKNIFTY OI chart

FEB BANKNIFTY OI

FEB BANKNIFTY OI chart

FEB BANKNIFTY OI

FEB BANKNIFTY OI chart

FEB BANKNIFTY OI

FEB BANKNIFTY OI chart

JAN BANKNIFTY OI

JAN BANKNIFTY OI chart

JAN BANKNIFTY OI

JAN BANKNIFTY OI chart

Opening Bell 30.01.2015

Your world at 9am

world.2015-01-30

Equities

Major
DAX(DEU) +0.25%
CAC(FRA) +0.44%
UKX(GBR) -0.22%
NKY(JPN) +0.63%
SPX(USA) +0.95%
MINTs
JCI(IDN) +0.37%
INMEX(MEX) -0.68%
NGSEINDX(NGA) -0.89%
XU030(TUR) -2.20%
BRICS
IBOV(BRA) +0.14%
SHCOMP(CHN) -1.03%
NIFTY(IND) +0.43%
INDEXCF(RUS) -0.49%
TOP40(ZAF) -0.52%

Commodities

Energy
Brent Crude Oil -0.24%
Ethanol +0.00%
Heating Oil +0.16%
Natural Gas -0.29%
RBOB Gasoline +0.47%
WTI Crude Oil +0.02%
Metals
Copper +0.00%
Gold 100oz +0.29%
Palladium +0.56%
Platinum +0.65%
Silver 5000oz +0.00%

Currencies

USDEUR:-0.07% USDJPY:-0.30%

MINTs
USDIDR(IDN) +0.33%
USDMXN(MEX) -0.10%
USDNGN(NGA) -0.22%
USDTRY(TUR) +0.05%
BRICS
USDBRL(BRA) +1.08%
USDCNY(CHN) +0.06%
USDINR(IND) +0.76%
USDRUB(RUS) -0.30%
USDZAR(ZAF) -0.04%
Agricultural
Cattle +0.00%
Cocoa +0.00%
Coffee (Arabica) -4.35%
Coffee (Robusta) +0.00%
Corn -0.34%
Cotton -0.32%
Feeder Cattle +0.00%
Lean Hogs +0.00%
Lumber +1.03%
Orange Juice +0.37%
Soybean Meal +0.47%
Soybeans +0.34%
Sugar #11 -1.78%
Wheat +0.30%
White Sugar +0.00%

Credit Indices

Index Change
Markit CDX EM -0.23%
Markit CDX NA HY -0.37%
Markit CDX NA IG +1.86%
Markit iTraxx Asia ex-Japan IG +0.65%
Markit iTraxx Australia +0.22%
Markit iTraxx Europe +1.58%
Markit iTraxx Europe Crossover +7.04%
Markit iTraxx Japan +0.08%
Markit iTraxx SovX Western Europe +0.90%
Markit LCDX (Loan CDS) -0.09%
Markit MCDX (Municipal CDS) +0.58%
Credit markets were rattled but equity markets are in rally mode. Usually credit is right, after a lag. Leveraged longs should watch out…

Must reads

The CBI has examined Prashant Saran, a whole-time member of Sebi, and R K Padmanabhan, a former chief vigilance officer of the market regulator, in connection with alleged weakening of a case against promoters of Bank of Rajasthan. (TOI, #SEBI)

In 2015, private equity funds may look to exit investments worth around $30 billion made in India during 2007-08. (FE, #private equity)

The PMO has asked all government ministries and departments to submit an action report on Swachh Bharat. Can be summed up thusly: Lots of PR for NGO types, hopeless in reality. (IE)

Nigeria has basically squandered away its oil bonanza of the past decade. (FT)

Without unforeseen change, much of human endeavour would be fruitless, and innovation would be unnecessary. (LiveMint)

Opening Bell 29.01.2015

Your world at 9am

world.2015-01-29

Equities

Major
DAX(DEU) +0.78%
CAC(FRA) -0.29%
UKX(GBR) +0.21%
NKY(JPN) -0.12%
SPX(USA) -1.35%
MINTs
JCI(IDN) -0.20%
INMEX(MEX) -1.19%
NGSEINDX(NGA) +0.16%
XU030(TUR) -0.99%
BRICS
IBOV(BRA) -1.85%
SHCOMP(CHN) -1.58%
NIFTY(IND) +0.04%
INDEXCF(RUS) -1.57%
TOP40(ZAF) +1.06%

Commodities

Energy
Brent Crude Oil +0.37%
Ethanol +0.00%
Heating Oil -0.11%
Natural Gas +0.91%
RBOB Gasoline +0.67%
WTI Crude Oil +0.22%
Metals
Copper -0.68%
Gold 100oz -0.41%
Palladium -0.57%
Platinum -0.56%
Silver 5000oz +0.00%

Currencies

USDEUR:+0.03% USDJPY:+0.31%

MINTs
USDIDR(IDN) +0.50%
USDMXN(MEX) -0.19%
USDNGN(NGA) +1.36%
USDTRY(TUR) +0.24%
BRICS
USDBRL(BRA) +0.12%
USDCNY(CHN) +0.03%
USDINR(IND) -0.00%
USDRUB(RUS) -0.03%
USDZAR(ZAF) -0.06%
Agricultural
Cattle +0.00%
Cocoa +0.00%
Coffee (Arabica) -0.54%
Coffee (Robusta) +0.00%
Corn -0.33%
Cotton -0.20%
Feeder Cattle +0.00%
Lean Hogs +0.00%
Lumber +0.92%
Orange Juice -4.35%
Soybean Meal -0.06%
Soybeans -0.13%
Sugar #11 +0.00%
Wheat -0.20%
White Sugar +0.00%

Credit Indices

Index Change
Markit CDX EM -0.21%
Markit CDX NA HY -0.29%
Markit CDX NA IG +1.20%
Markit iTraxx Asia ex-Japan IG -0.28%
Markit iTraxx Australia -0.26%
Markit iTraxx Europe +1.87%
Markit iTraxx Europe Crossover +8.56%
Markit iTraxx Japan -1.92%
Markit iTraxx SovX Western Europe +0.29%
Markit LCDX (Loan CDS) +0.09%
Markit MCDX (Municipal CDS) +0.30%
How will the NIFTY fare in the sea of red today?

Must reads

JLR, which accounts for most of Tata’s overall revenue, can’t be sure of high growth anymore in China and Europe, where it sold 63% of its cars last year. (WSJ) TATAMOTORS 586.40 -12.20 (-2.04%)

To ensure hassle free credit to all borrowers, the RBI has asked banks to dispense with obtaining ‘no due certificate’ from the individual borrowers. Because, technology. (HBL, #regulation)

Real estate inventory piles up across 6 cities. (LiveMint, #real estate)

3G, Vodafone, Coal India, PFC, REC. FTW! (ET)

Subprime bonds are back! (Bloomberg)

Good luck!

Opening Bell 28.01.2015

Your world at 9am

world.2015-01-28

Equities

Major
DAX(DEU) -1.57%
CAC(FRA) -1.09%
UKX(GBR) -0.60%
NKY(JPN) -0.05%
SPX(USA) -1.34%
MINTs
JCI(IDN) -0.05%
INMEX(MEX) -0.21%
NGSEINDX(NGA) +0.27%
XU030(TUR) -0.36%
BRICS
IBOV(BRA) +0.03%
SHCOMP(CHN) -1.14%
NIFTY(IND) +0.85%
INDEXCF(RUS) +1.92%
TOP40(ZAF) +0.76%

Commodities

Energy
Brent Crude Oil -1.25%
Ethanol +0.00%
Heating Oil -0.69%
Natural Gas -2.25%
RBOB Gasoline +0.59%
WTI Crude Oil -1.67%
Metals
Copper +0.26%
Gold 100oz +0.00%
Palladium -0.61%
Platinum -0.29%
Silver 5000oz +0.00%

Currencies

USDEUR:+0.39% USDJPY:+0.19%

MINTs
USDIDR(IDN) +0.28%
USDMXN(MEX) +0.15%
USDNGN(NGA) +0.00%
USDTRY(TUR) +0.08%
BRICS
USDBRL(BRA) -0.39%
USDCNY(CHN) +0.00%
USDINR(IND) -0.04%
USDRUB(RUS) -0.45%
USDZAR(ZAF) -0.03%
Agricultural
Cattle +0.00%
Cocoa +0.00%
Coffee (Arabica) +3.21%
Coffee (Robusta) +0.00%
Corn -0.20%
Cotton -0.65%
Feeder Cattle +0.00%
Lean Hogs +0.00%
Lumber +0.26%
Orange Juice -2.46%
Soybean Meal +0.30%
Soybeans +0.08%
Sugar #11 -0.98%
Wheat -0.10%
White Sugar +0.00%

Credit Indices

Index Change
Markit CDX EM -0.60%
Markit CDX NA HY +0.15%
Markit CDX NA IG -1.93%
Markit iTraxx Asia ex-Japan IG +0.42%
Markit iTraxx Australia +0.50%
Markit iTraxx Europe -1.60%
Markit iTraxx Europe Crossover -7.66%
Markit iTraxx Japan +0.78%
Markit iTraxx SovX Western Europe -0.64%
Markit LCDX (Loan CDS) -0.09%
Markit MCDX (Municipal CDS) -0.70%
The spectacular USD rally has resulted in quite a few American cos missing their quarterly earnings estimate. Only bright spot being Apple which made more money than any other corporation in history. Looks like the Euro-QE sugar rush is over and we are back to reality…

Must reads

“What has emerged now under Prime Minister Modi is that he has pronounced the US as India’s principal strategic partner. He could do this as he carries no Cold War-era baggage. He has got rid of any ambiguity vis-à-vis the US in foreign policy.” (LiveMint)

We want arms, not legs from the US. India wants to ban low-cost American chicken legs. (TOI, #economy)

Make in India: Volkswagen has started assembling diesel engines for passenger cars in India. It will make the 1.5 litre turbo diesel engines for the Polo, Vento and Skoda Rapid models. (FE)

Jailey: fiscal deficit targets for current year are likely to be met and manufacturing sector is showing turnaround signs. (FP)

In the world we live in we are often expected to be experts. We are expected to know everything and many people rush to conclusions given a limited set of information. Learning comes from starting with a point-of-view that says, “I don’t know.” (BSOT)

Good luck!