Opening Bell 30.03.2015

Your world at 9am

world.2015-03-30

Equities

Major
DAX(DEU) +0.21%
CAC(FRA) +0.55%
UKX(GBR) -0.58%
NKY(JPN) +0.53%
SPX(USA) +0.24%
MINTs
JCI(IDN) +0.83%
INMEX(MEX) +1.02%
NGSEINDX(NGA) +1.63%
XU030(TUR) -0.80%
BRICS
IBOV(BRA) -0.96%
SHCOMP(CHN) +1.87%
NIFTY(IND) -0.01%
INDEXCF(RUS) -0.65%
TOP40(ZAF) +0.47%

Commodities

Energy
Brent Crude Oil -0.69%
Ethanol +0.40%
Heating Oil -0.16%
Natural Gas -0.38%
RBOB Gasoline -0.71%
WTI Crude Oil -1.49%
Metals
Copper -0.38%
Gold 100oz -0.48%
Palladium -0.52%
Platinum -0.80%
Silver 5000oz +0.00%

Currencies

USDEUR:+0.22% USDJPY:+0.07%

MINTs
USDIDR(IDN) +0.10%
USDMXN(MEX) -0.06%
USDNGN(NGA) +0.00%
USDTRY(TUR) +0.17%
BRICS
USDBRL(BRA) +2.09%
USDCNY(CHN) -0.06%
USDINR(IND) +0.29%
USDRUB(RUS) +0.12%
USDZAR(ZAF) +0.02%
Agricultural
Cattle +0.37%
Cocoa +0.00%
Lean Hogs -0.04%
Lumber -1.22%
Soybean Meal +0.53%
Wheat +0.89%
Coffee (Arabica) -1.71%
Corn +0.06%
Feeder Cattle +0.61%
Orange Juice -0.08%
Soybeans +0.34%
Coffee (Robusta) +0.00%
Cotton +0.16%
Sugar #11 -1.86%
White Sugar +0.00%

Credit Indices

Index Change
Markit CDX EM +0.00%
Markit CDX NA HY +0.10%
Markit CDX NA IG +0.06%
Markit iTraxx Asia ex-Japan IG +0.82%
Markit iTraxx Australia +0.64%
Markit iTraxx Europe -0.30%
Markit iTraxx Europe Crossover -0.54%
Markit iTraxx Japan -0.36%
Markit iTraxx SovX Western Europe +0.43%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) +1.00%
Will the Friday bounce in the US overflow to the Nifty today?

Must reads

Flipkart set to raise up to $800 mn – values the firm at $15 billion. (LiveMint, #private equity)

Coming on April 1: foreign trade policy. (IE, #economy)

On tap from RBI: individual and corporate exposure limits that will tighten bank exposure to company promoters and their groups. (BT, #regulation)

Sand: one of the most sought-after commodities of the 21st century. (Wired)

Good luck! And remember that markets are closed on Thursday and Friday.

Weekly Recap: Experience vs. Memory

world.2015-03-20.2015-03-27

Equities

Major
DAX(DEU) -1.42%
CAC(FRA) -1.05%
UKX(GBR) -2.39%
NKY(JPN) -1.40%
SPX(USA) -2.43%
MINTs
JCI(IDN) -0.85%
INMEX(MEX) -1.38%
NGSEINDX(NGA) +4.19%
XU030(TUR) -2.11%
BRICS
IBOV(BRA) -3.75%
SHCOMP(CHN) +2.04%
NIFTY(IND) -2.68%
INDEXCF(RUS) -3.51%
TOP40(ZAF) -1.96%

Commodities

Energy
Ethanol +0.20%
WTI Crude Oil +5.63%
Brent Crude Oil +2.21%
Natural Gas -4.59%
Heating Oil -0.01%
RBOB Gasoline +0.28%
Metals
Copper -0.36%
Gold 100oz +1.09%
Silver 5000oz +1.19%
Palladium -5.09%
Platinum +0.08%

Currencies

USDEUR:-0.58% USDJPY:-0.86%

MINTs
USDIDR(IDN) -0.45%
USDMXN(MEX) +1.29%
USDNGN(NGA) -0.10%
USDTRY(TUR) +1.33%
BRICS
USDBRL(BRA) +0.48%
USDCNY(CHN) +0.18%
USDINR(IND) -0.08%
USDRUB(RUS) -2.49%
USDZAR(ZAF) +0.06%
Agricultural
Cattle +2.56%
Corn +1.36%
Feeder Cattle +1.78%
Wheat -4.05%
Cotton +0.92%
Soybeans -0.46%
Sugar #11 -4.65%
White Sugar -1.91%
Coffee (Arabica) -3.53%
Coffee (Robusta) -0.66%
Lumber +0.28%
Soybean Meal -0.68%
Cocoa -1.29%
Lean Hogs +4.79%
Orange Juice +10.93%

Credit Indices

Index Change
Markit CDX EM +0.62%
Markit CDX NA HY +0.09%
Markit CDX NA IG +0.79%
Markit iTraxx Asia ex-Japan IG -1.54%
Markit iTraxx Australia -0.45%
Markit iTraxx Europe -1.36%
Markit iTraxx Europe Crossover -1.06%
Markit iTraxx Japan -1.24%
Markit iTraxx SovX Western Europe -0.42%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) +1.48%
It was a sea of red ink in the markets this week. Oil gyrated and the US Dollar ended mixed.

Nifty Heatmap

CNX NIFTY.2015-03-20.2015-03-27

Index Returns

index performance.2015-03-20.2015-03-27

Sector Performance

sector performance.2015-03-20.2015-03-27

Advance Decline

advance.decline.line2.2015-03-20.2015-03-27

Market Cap Decile Performance

Decile Mkt. Cap. Adv/Decl
1 (micro) -12.20% 58/76
2 -8.87% 52/81
3 -7.74% 50/83
4 -7.73% 52/81
5 -6.92% 54/79
6 -6.81% 57/77
7 -5.57% 47/86
8 -5.34% 56/77
9 -3.95% 62/71
10 (mega) -3.40% 68/66
Stocks across the board got shellacked…

Top Winners and Losers

BPCL +3.10%
AUROPHARMA +3.97%
UPL +4.30%
PNB -9.89%
SRTRANSFIN -9.15%
BOSCHLTD -7.88%
Momentum names were hurt the most…

ETF Performance

GOLDBEES +1.61%
INFRABEES -1.04%
CPSEETF -2.44%
NIFTYBEES -2.71%
BANKBEES -3.15%
JUNIORBEES -3.24%
PSUBNKBEES -5.50%
PSU banks are yet to fully acknowledge the full extent of NPAs. Also, who is going to fill the holes in their balance-sheets?

Yield Curve

yield Curve.2015-03-20.2015-03-27

Bond Indices

Sub Index Change in YTM Total Return(%)
GSEC TB +0.35 +0.03%
GSEC SUB 1-3 +0.38 -0.33%
GSEC SUB 3-8 +0.12 -0.80%
GSEC SUB 8 +0.04 -0.54%
The long end of the curve came under a bit of pressure…

Investment Theme Performance

Equity Mutual Funds

Bond Mutual Funds

Thought to sum up the week

Our “experiencing selves” and our “remembering selves” perceive facts differently.

Opening Bell 27.03.2015

Your world at 9am

world.2015-03-27

Equities

Major
DAX(DEU) -0.18%
CAC(FRA) -0.29%
UKX(GBR) -1.37%
NKY(JPN) +0.48%
SPX(USA) -0.24%
MINTs
JCI(IDN) +0.18%
INMEX(MEX) -0.98%
NGSEINDX(NGA) +0.61%
XU030(TUR) -1.51%
BRICS
IBOV(BRA) -2.47%
SHCOMP(CHN) -0.33%
NIFTY(IND) -2.21%
INDEXCF(RUS) -2.08%
TOP40(ZAF) -1.55%

Commodities

Energy
Brent Crude Oil -1.59%
Ethanol +0.00%
Heating Oil -0.70%
Natural Gas -0.45%
RBOB Gasoline -1.39%
WTI Crude Oil -1.96%
Metals
Copper -0.58%
Gold 100oz +0.00%
Palladium -0.80%
Platinum -0.34%
Silver 5000oz +0.00%

Currencies

USDEUR:+0.00% USDJPY:+0.08%

MINTs
USDIDR(IDN) +0.37%
USDMXN(MEX) -0.04%
USDNGN(NGA) +0.00%
USDTRY(TUR) +0.32%
BRICS
USDBRL(BRA) -0.56%
USDCNY(CHN) +0.08%
USDINR(IND) +0.19%
USDRUB(RUS) +0.08%
USDZAR(ZAF) -0.04%
Agricultural
Cattle +0.00%
Coffee (Robusta) +0.00%
Corn +0.19%
Lumber +0.63%
Soybeans -0.13%
Wheat +0.30%
Cocoa +0.00%
Coffee (Arabica) +0.07%
Cotton -0.03%
Feeder Cattle +0.00%
Lean Hogs +0.00%
Sugar #11 -1.20%
White Sugar +0.00%
Orange Juice -2.33%
Soybean Meal -0.09%

Credit Indices

Index Change
Markit CDX EM -0.33%
Markit CDX NA HY -0.19%
Markit CDX NA IG +1.76%
Markit iTraxx Asia ex-Japan IG +0.27%
Markit iTraxx Australia +0.00%
Markit iTraxx Europe +0.60%
Markit iTraxx Europe Crossover +6.81%
Markit iTraxx Japan -0.07%
Markit iTraxx SovX Western Europe +0.14%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) +0.99%
What a mess…

Must reads

Do IPOs make sense for retail investors? No. #savedyouaclick (LiveMint, #ipo)

Goldman Sachs said in an overnight note that the strikes in Yemen would have little effect on oil supplies as the country was only a small crude exporter and tankers could avoid passing its waters to reach their ports of destination. (EuroNews)

The ability to digest milk may explain how Europe got rich. (Economist)

Good luck and have a nice weekend!

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Opening Bell 26.03.2015

Your world at 9am

world.2015-03-26

Equities

Major
DAX(DEU) -1.17%
CAC(FRA) -1.32%
UKX(GBR) -0.41%
NKY(JPN) -1.57%
SPX(USA) -1.46%
MINTs
JCI(IDN) +0.04%
INMEX(MEX) -1.02%
NGSEINDX(NGA) +1.03%
XU030(TUR) +0.86%
BRICS
IBOV(BRA) +0.68%
SHCOMP(CHN) +0.05%
NIFTY(IND) -0.14%
INDEXCF(RUS) -0.19%
TOP40(ZAF) -1.18%

Commodities

Energy
Brent Crude Oil +3.95%
Ethanol +0.00%
Heating Oil +3.51%
Natural Gas +0.33%
RBOB Gasoline +2.23%
WTI Crude Oil +4.55%
Metals
Copper +0.00%
Gold 100oz +0.08%
Palladium +0.21%
Platinum +0.19%
Silver 5000oz +0.00%

Currencies

USDEUR:-0.04% USDJPY:-0.15%

MINTs
USDIDR(IDN) +0.28%
USDMXN(MEX) -0.06%
USDNGN(NGA) +0.00%
USDTRY(TUR) +0.03%
BRICS
USDBRL(BRA) +1.96%
USDCNY(CHN) +0.02%
USDINR(IND) +0.36%
USDRUB(RUS) -0.25%
USDZAR(ZAF) +0.20%
Agricultural
Cocoa +0.00%
Coffee (Arabica) +1.64%
Orange Juice +0.35%
Soybean Meal -0.28%
Cotton -0.43%
Feeder Cattle +0.00%
Lean Hogs +0.00%
Lumber +0.80%
Soybeans +0.00%
Sugar #11 +0.48%
Wheat +0.53%
White Sugar +0.00%
Cattle +0.00%
Coffee (Robusta) +0.00%
Corn +0.25%

Credit Indices

Index Change
Markit CDX EM +0.18%
Markit CDX NA HY -0.06%
Markit CDX NA IG +0.24%
Markit iTraxx Asia ex-Japan IG -0.96%
Markit iTraxx Australia -0.45%
Markit iTraxx Europe -0.94%
Markit iTraxx Europe Crossover -2.58%
Markit iTraxx Japan -0.62%
Markit iTraxx SovX Western Europe +0.10%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) +1.29%
Oil: up. Equities: down. Dollar: up. Risk: OFF.

Must reads

FYI, Ranbaxy will stop trading from April 6, 2015.

Bids for 4G spectrum is 80% above reserve price. Can they charge consumers enough to justify these prices? (ET)

MF upfront commissions capped at 1% from April 1. Hopefully this will stop the rampant miss-selling going on in the closed-ended NFO sector. (TOI, #fund)

IMF: India’s net international investment position has fallen to –17% of GDP. (LiveMint, #economy)

The Fed’s zero rates and quantitative easing flooded the emerging world with dollar liquidity in the boom years, overwhelming all defences. Foreigners have borrowed $9 trillion in US currency outside American jurisdiction. This is up from $2 trillion in 2000. The dollar index (DXY) has soared 24% since July, and 40% since mid-2011. How badly will this end? (Telegraph)

Traders have resumed buying call options that pay out if benchmark US crude futures surpass $100 by the end of 2018. (FT)

Good luck!