Opening Bell 06.05.2015

Your world at 9am

world.2015-05-06

Equities

Major
DAX(DEU) -2.51%
CAC(FRA) -2.12%
UKX(GBR) -0.84%
NKY(JPN) +0.06%
SPX(USA) -1.18%
MINTs
JCI(IDN) -0.20%
INMEX(MEX) -0.31%
NGSEINDX(NGA) -0.14%
XU030(TUR) -0.92%
BRICS
IBOV(BRA) +1.22%
SHCOMP(CHN) +1.49%
NIFTY(IND) -0.09%
INDEXCF(RUS) +1.98%
TOP40(ZAF) -0.27%

Commodities

Energy
Natural Gas +0.14%
Heating Oil +0.38%
Brent Crude Oil +0.61%
WTI Crude Oil +0.93%
Ethanol +0.00%
RBOB Gasoline +0.47%
Metals
Silver 5000oz +0.00%
Palladium -0.25%
Copper -0.27%
Gold 100oz +0.00%
Platinum +0.00%

Currencies

USDEUR:-0.37% USDJPY:+0.04%

MINTs
USDIDR(IDN) -0.41%
USDMXN(MEX) -0.11%
USDNGN(NGA) +0.00%
USDTRY(TUR) +0.00%
BRICS
USDBRL(BRA) -0.98%
USDCNY(CHN) -0.08%
USDINR(IND) +0.03%
USDRUB(RUS) -0.01%
USDZAR(ZAF) -0.12%
Agricultural
Cocoa +0.00%
Coffee (Arabica) +0.38%
Coffee (Robusta) +0.00%
Cotton +0.00%
Lumber +0.50%
Corn +0.62%
Soybean Meal +0.06%
Soybeans +0.05%
Cattle +0.00%
Lean Hogs +0.00%
Orange Juice +0.78%
Sugar #11 +1.92%
Wheat +0.75%
White Sugar +0.00%
Feeder Cattle +0.00%

Credit Indices

Index Change
Markit CDX EM +0.06%
Markit CDX NA HY +0.00%
Markit CDX NA IG -0.01%
Markit iTraxx Asia ex-Japan IG -0.54%
Markit iTraxx Australia +0.00%
Markit iTraxx Europe +0.00%
Markit iTraxx Europe Crossover +0.00%
Markit iTraxx Japan +0.00%
Markit iTraxx SovX Western Europe +0.00%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) -0.26%
Will Nifty follow the tumble in overnight markets or will the court stay against MAT demands tide it over?

Must reads

Naukri.com: hiring in the real estate sector saw a drop of 20% in March (compared with last year) and defence manufacturing, 27%. Construction and engineering saw a fall of around 6% in February and March. (LiveMint, #economy)

Home sales in the top six cities of India rose 2% sequentially in the quarter to March but were down 8% over the year ago quarter. (ET, #real estate)

Experts: put trucks on trains through Delhi. Dumbest idea ever? (TOI)

Tesla’s Powerwall levelized cost of electricity (LCOE) is $0.35/kwh. In India, retail peak power prices are edging towards 20 cents/kwh in some cities. If these batteries can get to a 2x price reduction within 3-5 years, most urbanites can bid farewell to the grid. (Gizmodo)

Do you understand money? (TheAtlantic)

Good luck!

Options Daily 06.05.2015

Summary: May NIFTY 8500 calls added 419,975 contracts while 8200 calls shed 6,500. On the Put side of the equation, the 7700 strike added 432,750 while the 8200’s shed 62,975.

Our trend model indicates a SHORT on the NIFTY and SHORT on the BANKNIFTY.

MAY NIFTY OI

MAY NIFTY OI chart

MAY BANKNIFTY OI

MAY BANKNIFTY OI chart

MAY NIFTY Volatility

MAY NIFTY Volatility chart

MAY BANKNIFTY Volatility

MAY BANKNIFTY Volatility chart
Dotted lines indicated actual underlying volatility. Solid lines are IVs.

Opening Bell 05.05.2015

Your world at 9am

world.2015-05-05

Equities

Major
DAX(DEU) +1.44%
CAC(FRA) +0.70%
UKX(GBR) +0.36%
NKY(JPN) +0.06%
SPX(USA) +0.29%
MINTs
JCI(IDN) +1.02%
INMEX(MEX) +1.64%
NGSEINDX(NGA) -0.17%
XU030(TUR) +0.05%
BRICS
IBOV(BRA) +2.00%
SHCOMP(CHN) -1.49%
NIFTY(IND) +1.84%
INDEXCF(RUS) +1.04%
TOP40(ZAF) +0.51%

Commodities

Energy
Heating Oil -0.06%
Brent Crude Oil -0.17%
Ethanol +0.00%
RBOB Gasoline -0.03%
Natural Gas -0.57%
WTI Crude Oil -0.19%
Metals
Gold 100oz +0.06%
Platinum -0.33%
Silver 5000oz -0.17%
Copper -0.14%
Palladium -0.12%

Currencies

USDEUR:+0.11% USDJPY:+0.02%

MINTs
USDIDR(IDN) +0.10%
USDMXN(MEX) +0.14%
USDNGN(NGA) -0.13%
USDTRY(TUR) +0.06%
BRICS
USDBRL(BRA) +2.39%
USDCNY(CHN) -0.02%
USDINR(IND) +0.18%
USDRUB(RUS) -0.14%
USDZAR(ZAF) +0.02%
Agricultural
Corn -0.21%
Cocoa +0.00%
Coffee (Arabica) -1.46%
Coffee (Robusta) +0.00%
Lumber +0.00%
Orange Juice +0.00%
Soybean Meal +0.03%
Cattle +0.00%
Feeder Cattle +0.00%
Lean Hogs +0.00%
Cotton +0.00%
Soybeans +0.25%
Sugar #11 -3.18%
Wheat +0.11%
White Sugar +0.00%

Must reads

hsbc pmi
The HSBC PMI output price sub-index tumbled to 49.7 in April, indicating a fall in prices charged by manufacturing companies for their products. (LiveMint, Markit, #economy)
Meanwhile, the number of manufacturing jobs that are returning to the U.S. — or coming to the U.S. for the first time — from overseas has hit a record level. (MW)

Subsidies, tax concessions and incentives that add to business income such as the one given for setting up plants in certain states may be taxed now. (BS)

Companies Act amendment allows use of CSR funds in startups with social objectives. (TOI)

Options Daily 05.05.2015

Summary: May NIFTY 8600 calls added 1,002,625 contracts while 8200 calls shed 194,450. On the Put side of the equation, the 7700 strike added 1,151,250 while the 8600’s shed 101,100.

Our trend model indicates a SHORT on the NIFTY and SHORT on the BANKNIFTY.

MAY NIFTY OI

MAY NIFTY OI chart

MAY BANKNIFTY OI

MAY BANKNIFTY OI chart

MAY NIFTY Volatility

MAY NIFTY Volatility chart

MAY BANKNIFTY Volatility

MAY BANKNIFTY Volatility chart
Dotted lines indicated actual underlying volatility. Solid lines are IVs.

Opening Bell 04.05.2015

Your world at 9am

world.2015-05-04

Equities

Major
DAX(DEU) +0.19%
CAC(FRA) +0.14%
UKX(GBR) +0.36%
NKY(JPN) +0.06%
SPX(USA) +1.09%
MINTs
JCI(IDN) +1.10%
INMEX(MEX) -0.61%
NGSEINDX(NGA) +1.93%
XU030(TUR) -2.54%
BRICS
IBOV(BRA) +1.63%
SHCOMP(CHN) +0.65%
NIFTY(IND) -0.71%
INDEXCF(RUS) +1.04%
TOP40(ZAF) -0.21%

Commodities

Energy
WTI Crude Oil -0.10%
Ethanol -0.99%
Brent Crude Oil -0.09%
Natural Gas -0.25%
Heating Oil +0.02%
RBOB Gasoline -0.26%
Metals
Gold 100oz +0.64%
Palladium +0.14%
Copper -1.01%
Platinum +0.38%
Silver 5000oz +0.77%

Currencies

USDEUR:+0.07% USDJPY:-0.10%

MINTs
USDIDR(IDN) +0.58%
USDMXN(MEX) +0.01%
USDNGN(NGA) -0.48%
USDTRY(TUR) +0.36%
BRICS
USDBRL(BRA) +1.80%
USDCNY(CHN) +0.00%
USDINR(IND) +0.18%
USDRUB(RUS) -2.31%
USDZAR(ZAF) -0.06%
Agricultural
Cattle -6.33%
Feeder Cattle -1.85%
Cocoa +0.00%
Coffee (Arabica) -3.77%
Corn -0.35%
Lean Hogs -1.90%
White Sugar +0.00%
Coffee (Robusta) +0.00%
Soybeans +0.65%
Sugar #11 -1.97%
Wheat +0.27%
Cotton +0.00%
Lumber -0.04%
Orange Juice +3.29%
Soybean Meal +0.13%

Credit Indices

Index Change
Markit CDX EM -0.37%
Markit CDX NA HY -0.21%
Markit CDX NA IG +1.59%
Markit iTraxx Asia ex-Japan IG -0.06%
Markit iTraxx Australia +1.10%
Markit iTraxx Europe +0.33%
Markit iTraxx Europe Crossover +5.50%
Markit iTraxx Japan +2.28%
Markit iTraxx SovX Western Europe -0.17%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) +1.46%
Will we see a short-covering rally today? Also, worried about May? Don’t be!

Must reads

The apparel businesses of group holding company Aditya Birla Nuvo Ltd and of another group firm Madura Garments would be demerged, and then merged into listed firm Pantaloons. The combined entity would probably be worth Rs 12,000 crore – “the largest pure-play fashion company by far” in India. (DNA) ABIRLANUVO 1,797.55 -16.70 (-0.92%) PFRL 162.90 -2.15 (-1.30%)

Minimum alternate tax demand on foreign investors may total Rs 7,000 crore. This is getting to be a joke. (TOI)

Rs. 2 Lakh Crore NCD scam? (AM, #SEBI)

While we might want to become like China, the odds are high that we might actually end up becoming more like Mexico. (LiveMint, #economy)

Good luck!