Opening Bell 31.03.2015

Your world at 9am

world.2015-03-31

Equities

Major
DAX(DEU) +1.83%
CAC(FRA) +0.98%
UKX(GBR) +0.53%
NKY(JPN) -0.01%
SPX(USA) +1.22%
MINTs
JCI(IDN) +0.94%
INMEX(MEX) +0.67%
NGSEINDX(NGA) +1.73%
XU030(TUR) +1.67%
BRICS
IBOV(BRA) +2.29%
SHCOMP(CHN) +0.11%
NIFTY(IND) +1.81%
INDEXCF(RUS) +2.63%
TOP40(ZAF) +1.34%

Commodities

Energy
Brent Crude Oil -0.82%
Ethanol +0.00%
Heating Oil -0.66%
Natural Gas -0.26%
RBOB Gasoline -0.70%
WTI Crude Oil -1.29%
Metals
Copper +0.00%
Gold 100oz -0.15%
Palladium +0.60%
Platinum +0.27%
Silver 5000oz -0.04%

Currencies

USDEUR:+0.21% USDJPY:+0.07%

MINTs
USDIDR(IDN) +0.14%
USDMXN(MEX) +0.07%
USDNGN(NGA) -0.03%
USDTRY(TUR) +0.03%
BRICS
USDBRL(BRA) -0.61%
USDCNY(CHN) -0.06%
USDINR(IND) -0.13%
USDRUB(RUS) -0.13%
USDZAR(ZAF) -0.09%
Agricultural
Coffee (Robusta) +0.00%
Lean Hogs +0.00%
Orange Juice +1.92%
Soybean Meal -0.09%
White Sugar +0.00%
Corn -0.13%
Coffee (Arabica) -4.38%
Sugar #11 -1.32%
Wheat -0.05%
Cattle +0.00%
Cocoa +0.00%
Cotton +0.43%
Feeder Cattle +0.00%
Lumber +0.47%
Soybeans -0.05%

Must reads

Banks can now use more funds from their emergency reserves to provide for NPAs. RBI has allowed lenders to use up to 50% of their provisioning buffer at the end of December 2014 for making specific provisions for NPAs, as against the earlier norm of 33%. (TOI, #regulation)

SEBI has proposed a an ‘Alternate Capital Raising Platform’, which will allow start-ups to raise funding from institutions and high net worth individuals from the capital markets. Due to the risks involved, retail investors will not be allowed to invest in such companies. (FP, #SEBI)

Tata Motors Finance is venturing into financing of used trucks and construction equipment. It will offer credit on used vehicles it has in its possession through channels like exchange schemes or through re-possession from defaulters. (LiveMint) TATAMOTORS 542.90 2.90 (0.54%)

China has entered a period of “deindustrialization” and its slowdown to a GDP growth rate of 6 to 7 percent is a safe bet. (CS)

Good luck!

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.