01 Jul 2019
Markets for You
Global Indices
Global Indices 28-Jun Prev_Day Abs. Change
% Change
Russell 3000 1,282 1,276 6 0.47
Nasdaq 8,006 7,968 38 0.48
FTSE 7,426 7,402 23 0.31
Nikkei 21,276 21,338 -62 -0.29
Hang Seng 28,543 28,621 -79 -0.28
Indian Indices 28-Jun Prev_Day Abs. Change
% Change
S&P BSE Sensex 39,395 39,586 -192 -0.48
Nifty 50 11,789 11,842 -53 -0.45
Nifty 100 11,882 11,931 -49 -0.41
Nifty 500 9,658 9,692 -34 -0.35
Nifty Bank 31,105 31,270 -164 -0.53
S&P BSE Power 2,094 2,093 1 0.02
S&P BSE Small Cap 14,239 14,249 -10 -0.07
S&P BSE HC 12,889 12,882 7 0.06
Date P/E Div. Yield P/E Div. Yield
28-Jun 28.46 1.19 28.98 1.24
Month Ago 29.08 1.19 29.69 1.22
Year Ago 22.17 1.28 25.57 1.25
Nifty 50 Top 3 Gainers
Company 28-Jun Prev_Day
% Change
GAIL 312 307 1.73
Bajaj Finance 3681 3642 1.07
Axis Bank 809 800 1.01
Nifty 50 Top 3 Losers Domestic News
Company 28-Jun Prev_Day
% Change
Yes Bank 109 112 -3.25
Indiabulls HFC 608 627 -3.15
Bharti Infratel 267 275 -2.82
Advance Decline Ratio
Advances 1131 822
Declines 1400 974
Unchanged 154 106
Institutional Flows (Equity)
Description (Cr)
FII Flows* 78647
MF Flows** 8810
Jun 2019; **27
Jun 2019
Economic Indicator
YoY(%) Current Year Ago
01 July 2019
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI from
2010 to 2012
Indian Equity Market
Indices Performance
P/E Dividend Yield
Quarter Ago
Indian equity markets fell on weak global cues as investors stayed on
the sidelines ahead of the meeting of China and U.S. state heads at the
G20 summit. The summit started in Japan on Jun 28, 2019. Weak
monsoon rain also dented sentiment.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.48% and
0.45%, respectively to close at 39,394.64 and 11,788.85, respectively.
S&P BSE Mid-Cap and S&P BSE Small Cap lost 0.30% and 0.07%,
The overall market breadth on BSE was weak with 1131 scrips
advancing and 1400 scrips declining. A total of 154 scrips remained
On the BSE sectoral front, S&P BSE Realty was the major gainer, up
0.58%, followed by S&P BSE Consumer Durables and S&P BSE Fast
Moving Consumer Goods, up 0.36% and 0.26%, respectively. S&P BSE
Utilities and S&P BSE Healthcare gained 0.23% and 0.06%, respectively.
S&P BSE Energy was the major loser, down 1.52%, followed by S&P BSE
Metal and S&P BSE Telecom, down 1.13% and 1.03%, respectively.
Data from the Reserve Bank of India (RBI) showed that India’s current
account deficit (CAD) narrowed to $4.6 billion (0.7% of GDP) in Q4FY19
narrowed from $13.0 billion (1.8% of GDP) in Q4FY18 and $ 17.7 billion
(2.7% of GDP) in the previous quarter. CAD narrowed on a yearly basis as
trade deficit narrowed to $35.2 billion in Q4FY19 from $41.6 billion in the
same period of the previous year. However, for FY19, CAD widened to
2.1% of GDP from 1.8% of GDP in FY18 as India’s trade deficit widened to
$ 180.3 billion in FY19 from $160.0 billion in FY18.
Data from RBI showed that non-food bank credit on a yearly basis grew
11.4% in May-19 from 11.1% in May-18. Credit to agriculture & allied
activities rose 7.8% in May-19 from 6.4% in May-18. Credit to industry
grew 6.4% in May-19 from 1.4% in May-18. However, credit growth to
the services sector fell to 14.8% in May-19 from 21.9% in May-18.
Personal loans rose 16.9% in May-19, lower than an increase of 18.6% in
SEBI mandated that asset management companies (AMCs) cannot have
standstill agreements with companies. It also added that action has been
taken for those asset management companies that have standstill
agreement with companies. Under a standstill agreement, there are
conditions under which AMCs can sell or abstain from selling stocks of
companies. In addition, SEBI added that liquid funds can invest a
maximum of 20% of their assets in a single sector as against the current
cap of 25%, and must keep aside at least a fifth of their assets in cash
equivalents to meet sudden redemption pressures. The objective of the
move is to to protect investors from credit risks that emanate from
defaults by borrowers.
Dewan Housing Finance Corporation Ltd. (DHFL) informed the
exchanges that the company will defer the announcement of its fourth
quarter result, media reports said. DHFL was expected to announce its
Q4 result on Jun 29, 2019. On Friday, it said that the board of directors
will meet to consider the fourth quarter result on Jul 13, 2019.
Asian equity markets fell as investors traded cautiously ahead of China-
U.S. heads’ meet at the G20 summit that is going on in Osaka, Japan.
Though a final deal is not on the cards, expectations are for the two
countries to strike a temporary truce on tariffs. Today (as of Jul 01), Asian
markets opened higher after U.S. and China’s President confirmed that
currently they did not plan to impose any new tariffs against each other’s
products. Nikkei was trading up 1.66% (as at 8.a.m. IST). Hangseng
remained closed.
As per the last close, European markets closed higher as investors track
developments at highly anticipated meeting between U.S. and China’s
President at the G-20 summit in Osaka, Japan. Further, investors
remained focused on Eurozone’s and U.K’s economic data.
As per the last close, U.S markets closed mostly higher on reports that
all 18 of the largest banks in the U.S. have passed the U.S. Fed’s annual
stress test. However, the session was volatile as investors looked ahead
to the highly anticipated meeting between U.S. and China’s President.
Markets for You
FII Derivative Trade Statistics 28-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 8897.27 6225.96 15299.80
Index Options 410215.46 408415.58 30642.65
Stock Futures 24450.01 23309.99 81976.59
Stock Options 3045.62 2970.82 519.50
Total 446608.36 440922.35 128438.54
28-Jun Prev_Day
Put Call Ratio (OI) 1.29 1.50 -0.21
Indian Debt Market
Put Call Ratio(Vol) 0.92 1.05 -0.13
28-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 5.94% 5.78% 5.87% 6.13%
T-Repo 5.85% 5.66% 5.96% NA
Repo 5.75% 5.75% 6.00% 6.25%
Reverse Repo 5.50% 5.50% 5.75% 6.00%
91 Day T-Bill 6.02% 5.93% 6.17% 6.45%
364 Day T-Bill 6.08% 6.03% 6.29% 7.13%
10 Year Gilt 6.88% 6.86% 7.15% 7.94%
G-Sec Vol. (Rs.Cr) 45259 68502 62378 21857
Currency Market Update
FBIL MIBOR 5.97% 5.90% 6.00% 6.28%
3 Month CP Rate 7.00% 6.95% 6.85% 7.55%
5 Year Corp Bond 8.10% 8.05% 8.16% 8.80%
1 Month CD Rate 6.07% 5.99% 6.47% 7.21%
3 Month CD Rate 6.41% 6.36% 6.62% 7.01%
1 Year CD Rate 7.16% 7.17% 7.20% 8.08%
Commodity Market Update
Currency 28-Jun Prev_Day
USD/INR 68.92 69.22 -0.30
GBP/INR 87.35 87.74 -0.39
EURO/INR 78.36 78.59 -0.23
International News
JPY/INR 0.64 0.64 0.00
Commodity 28-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 58.17 57.30 58.86 73.40
Brent Crude($/bl) 68.96 67.43 71.23 75.75
Gold( $/oz) 1409 1399 1279 1248
Gold(Rs./10 gm) 33947 33909 31710 30488
Source: Thomson Reuters Eikon
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01 July 2019
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Jul 2019 Futures stood at 11,841.50, a premium of 52.65 points,
above the spot closing of 11,788.85. The turnover on NSE’s Futures and
Options segment decreased to Rs. 6,17,277.53 crore on Jun 28, 2019,
compared with Rs. 26,55,696.52 crore on Jun 27, 2019.
The Put-Call ratio stood at 0.92 compared with the previous session’s
close of 1.04.
The Nifty Put-Call ratio stood at 1.29 compared with the previous
session’s close of 1.50.
Open interest on Nifty Futures stood at 19.52 million, compared with
the previous session’s close of 23.95.
Bond yield eased on hopes of policy easing by the central bank.
Market participants are now awaiting the outcome of the meeting of the
U.S. and Chinese Presidents at the G20 summit and the upcoming OPEC
meeting on production cut. However, fiscal slippage remains a concern
for the market.
Yield on the 10-year benchmark paper (7.26% GS 2029) went down 2
bps to 6.88% compared with the previous close of 6.90% after trading in
a range of 6.87% to 6.90%.
Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 6,337 crore (gross) on Jun 28, 2019, compared
with Rs. 4,437 crore (gross) as on Jun 27, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 37,126
crore on Jun 27, 2019.
The Indian rupee rose on account of dollar sales by foreign banks. The
rupee closed at 69.02 a dollar, up 0.07% compared with the previous
close 69.06.
The euro moved up against the greenback following the release of
core inflation data for euro zone, which stood steady for Jun. The overall
inflation came in line with expectations at 1.2% for the month. The euro
was last seen trading at 1.1376, up 0.07% compared with the previous
close of 1.1368.
Gold prices were up as G20 leaders gathered at Osaka, Japan to arrive
at a possible U.S.-China trade war resolution.
Brent crude prices remained steady as G20 leaders assembled at Japan
to deliberate a workable resolution for the ongoing U.S.-China trade
A Labor Department report showed first-time claims for U.S.
unemployment benefits increased by more than expected in the week
ended Jun 22, 2019. The report said initial jobless claims rose to
227,000, an increase of 10,000 from the previous week's revised level of
A Commerce Department report showed the pace of U.S. economic
growth in the first quarter was unrevised from the previous estimate.
The Commerce Department said real gross domestic product increased
at an annual rate of 3.1% in the first quarter, unrevised from the
estimate released last month and in line with expectations. The
unrevised rate of GDP growth in the first quarter still reflects a
significant acceleration from the 2.2% increase seen in the fourth
quarter of 2018.
Markets for You
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