02 Jul 2018
Markets for You
Global Indices
Global Indices 29-Jun Prev_Day Abs. Change
% Change
#
Dow Jones 24,271 24,216 55 0.23
Nasdaq 7,510 7,504 7 0.09
FTSE 7,637 7,616 21 0.28
Nikkei 22,305 22,270 34 0.15
Hang Seng 28,955 28,497 458 1.61
Indian Indices 29-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,423 35,038 386 1.10
Nifty 50 10,714 10,589 125 1.18
Nifty 100 10,993 10,855 138 1.28
Nifty Bank 26,364 26,325 40 0.15
SGX Nifty 10,676 10,551 126 1.19
S&P BSE Power 1,947 1,911 35 1.85
S&P BSE Small Cap 16,032 15,730 302 1.92
S&P BSE HC 14,004 13,922 82 0.59
Date P/E Div. Yield P/E Div. Yield
29-Jun 22.54 1.26 25.90 1.22
Month Ago 22.79 1.16 27.06 1.21
Year Ago 22.62 1.27 24.19 1.12
Nifty 50 Top 3 Gainers
Company 29-Jun Prev_Day
% Change
#
GAIL 340 320 6.48
Hindalco 231 221 4.28
Tata Steel 568 548 3.52
Nifty 50 Top 3 Losers Domestic News
Company 29-Jun Prev_Day
% Change
#
Dr.Reddy 2235 2296 -2.64
IndusInd Bank 1932 1968 -1.80
Tech Mahindra 655 664 -1.32
Advance Decline Ratio
BSE NSE
Advances 1830 1348
Declines 757 459
Unchanged 143 74
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -6045
MF Flows** 65926
*29
th
Jun 2018; **28
th
Jun 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
4.87%
(May-18)
2.18%
(May-17)
IIP
4.90%
(Apr-18)
3.20%
(Apr-17)
GDP
7.70%
(Mar-18)
6.10%
(Mar-17)
02 July 2018
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
Sensex
Nifty
7.40%
(Jan-18)
7.00%
(Dec-17)
Quarter Ago
Inflow/Outflow
-69
-678
4.44%
(Feb-18)
• Indian Equity markets closed in the green as the rupee recovered
against the U.S. dollar after hitting an all-time low in the prior session.
Possibility of a joint venture between an Indian steel major and a German
multinational conglomerate boosted investor sentiment. Further, positive
cues from global markets after China eased restrictions on foreign
investment in several sectors added to the gains.
• Key benchmark indices S&P BSE Sensex and Nifty 50 surged 1.10% and
1.18% to close at 35,423.48 and 10,714.30, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap grew 1.81% and 1.92%.
• The overall market breadth on BSE was strong with and 1,830 scrips
advancing and 757 scrips declining. A total of 143 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Consumer Durables was the major
gainer, up 2.94% followed by S&P BSE Metal that grew 2.82%. S&P BSE
Capital Goods and S&P BSE Oil & Gas grew 2.80% and 2.78%, respectively.
S&P BSE Utilities and S&P BSE Energy surged 2.65% and 2.51%.
• Government data showed that India's fiscal deficit for the period from
Apr to May of 2018 stood at Rs. 3.45 lakh crore or 55.3% of the budget
estimate for FY19. However, this is lower than 68.3% of the budget
estimate for FY18 compared with the corresponding period of the
previous year. Total expenditure for the period from Apr to May of 2018
stood at Rs 4.73 lakh crore, or 19.4% of the budget estimate for FY19.
Total receipts stood at Rs. 1.27 lakh crore or 7.0% of the budget estimate
for FY19. Tax revenue was at Rs. 1.02 lakh crore, or 6.9% of the full-year
target. Capital expenditure accounted 21.3% of the FY19 target, compared
with 17.0% in the corresponding period of the previous year.
• As per media reports, India after its meeting with the senior officials of
U.S. indicated that if both the country is able to resolve its tariffs issues,
India may withdraw the notification of imposing additional duties on 29
U.S. products, which is effective from Aug 4.
• Fortis Healthcare has extended the deadline for submitting binding
offers for a deal. The company was previously expecting these offers by
Jun 28, 2018. However, it postponed the deadline post delay in
announcement of its financial results for the fourth quarter and year
ended Mar 31, 2018.
• According to media reports, post last minute changes to the terms of
the deal, Tata Steel Ltd. and Thyssenkrupp AG are closing in on a
European steel joint venture. According to the revised deal, Thyssenkrupp
will own about 55% of the equity in the new company and Tata will have
45% as against previous terms of 50-50 split.
• According to media reports, Life Insurance Corporation (LIC) is about to
complete a deal with IDBI Bank for injecting Rs. 13,000 crore. Preferential
allotment of shares will be done to LIC by IDBI Bank. Post completion of
the deal, government's stake in IDBI Bank will fall below 51%.
Markets for You
• Most of the Asian markets traded up after China eased restrictions on
foreign investment in some of the sectors and on news that People's Bank
of China will lower the reserve ratios for some banks. Weaker yen,
improved crude oil prices, positive cues from overnight U.S. markets and
news that European Union leaders have reached a deal on migration
further helped gains. Today (as of Jul 2), Asian markets opened mixed due
to trade tensions between the U.S. and its trading partners. Decline in
crude oil prices also led to decline of the Asian markets. Nikkei was
trading down 0.06% while Hang Seng was closed for a public holiday (as at
8.a.m. IST).
• As per the last close, European markets closed higher as concerns over a
global trade war eased after China eased restrictions on foreign
investment and after European Union leaders reached an agreement on
migration. Increase in crude oil prices also boosted the market.
• As per the last close, U.S markets closed higher following rise in
financial stocks after most of the country's largest banks passed the U.S.
Federal Reserve's annual stress test.
FII Derivative Trade Statistics 29-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 7493.42 10187.71 16917.14
Index Options 147562.00 140934.37 47390.46
Stock Futures 35256.98 33821.81 75867.09
Stock Options 5487.17 5098.20 399.72
Total 195799.57 190042.09 140574.41
29-Jun Prev_Day
Change
Put Call Ratio (OI) 1.48 1.12 0.35
Indian Debt Market
Put Call Ratio(Vol) 0.85 0.81 0.04
29-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 6.21% 6.25% 5.89% 6.06%
CBLO 6.20% 5.39% 5.84% 6.10%
Repo 6.25% 6.25% 6.00% 6.25%
Reverse Repo 6.00% 6.00% 5.75% 6.00%
91 Day T-Bill 6.48% 6.45% 6.27% 6.25%
364 Day T-Bill 7.11% 7.05% 6.77% 6.35%
10 Year Gilt 7.90% 7.82% 7.76% 6.51%
G-Sec Vol. (Rs.Cr) 27152 29154 23959 46295
Currency Market Update
FBIL MIBOR 6.25% 6.31% 6.00% 6.25%
3 Month CP Rate 7.55% 7.58% 8.20% 6.70%
5 Year Corp Bond 8.77% 8.71% 8.62% 7.52%
1 Month CD Rate 6.81% 6.93% 6.51% 6.34%
3 Month CD Rate 7.00% 6.93% 7.65% 6.36%
1 Year CD Rate 8.08% 8.04% 8.24% 6.69%
Commodity Market Update
Currency 29-Jun Prev_Day
Change
USD/INR 68.58 68.94 -0.36
GBP/INR 89.93 90.21 -0.28
EURO/INR 79.85 79.64 0.21
International News
JPY/INR 0.62 0.63 -0.01
Commodity 29-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 74.08 68.82 66.80 44.83
Brent Crude($/bl) 76.78 73.41 74.80 47.06
Gold( $/oz) 1252 1268 1298 1245
Gold(Rs./10 gm) 30341 30484 31185 28782
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
02 July 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty July 2018 Futures were at 10,694.8, a discount of 19.50 points,
below the spot closing of 10,714.30. The turnover on NSE’s Futures and
Options segment went down to Rs. 4,35,467.26 crore on Jun 29 from Rs.
19,55,855.51 crore on Jun 28.
• The Put-Call ratio stood at 0.82 against previous session’s close of 0.81.
• The Nifty Put-Call ratio stood at 1.48 against the previous session’s
close of 1.12.
• India VIX moved down 7.06% to 12.9625 from 13.9475 in the previous
trading session.
• Open interest on Nifty Futures stood at 20.26 million as against the
previous session’s close at 29.92 million.
• Bond yields rose for the sixth consecutive session on short covering by
market participants.
• Yield on the 10-year benchmark paper (7.17% GS 2028) fell 4 bps to
close at 7.90% as against its previous close of 7.94%. During the session,
bond yields traded in the range of 7.87% and 7.92%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 9,718 crore (gross) on Jun 29, compared with
Rs. 3,723 crore (gross) borrowed on Jun 28. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 40,979
crore on Jun 28.
• Banks did not borrowed under the central bank’s Marginal Standing
Facility on Jun 28 as well as on Jun 27.
• Data from RBI showed that India's foreign exchange reserves fell to
$407.82 billion as on Jun 22 from $410.07 billion in the previous week.
• The rupee rose against the greenback following gains in the domestic
equity market and selling of the U.S. dollar by exporters. The rupee rose
0.47% to close at 68.47 per dollar from the previous close of 68.79 per
dollar.
• The euro rose against the greenback after European Union leaders
reached an agreement on migration that eased concerns of a political
crisis in Germany. Euro was last seen trading at $1.1641, up 0.64% from
the previous close of $1.1567.
• Gold prices traded higher as greenback weakened against the euro. •
Brent Crude prices traded higher as investors were apprehensive that
the increase in output will not be able to offset the rising demand.
• According to a report by the Commerce Department, real Gross
Domestic Product (GDP) rose 2.0% YoY in the Mar quarter of 2018,
slower than market forecast and the previous estimate of 2.2% rise. •
According to a report by the Commerce Department, personal income in
the U.S. rose 0.4% in May 2018, in line with market forecast but faster
than a downwardly revised 0.2% rise in Apr 2018. Personal spending
increased 0.2% in May 2018, slower than market expectation and a
downwardly revised 0.5% rise in Apr 2018.
• According to a report by the Labor Department, U.S. weekly jobless
claims rose 9,000 to 227,000 in the week ended June 23rd from the
unrevised level of 218,000 in the previous week. This was the first rise in
claims in five weeks.
Markets for You
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