02 Jul 2019
Markets for You
Global Indices
Global Indices 01-Jul Prev_Day Abs. Change
% Change
Russell 3000 1,294 1,282 12 0.90
Nasdaq 8,091 8,006 85 1.06
FTSE 7,498 7,426 72 0.97
Nikkei 21,730 21,276 454 2.13
Hang Seng Closed 28,543 NA NA
Indian Indices 01-Jul Prev_Day Abs. Change
% Change
S&P BSE Sensex 39,687 39,395 292 0.74
Nifty 50 11,866 11,789 77 0.65
Nifty 100 11,958 11,882 75 0.63
Nifty 500 9,713 9,658 55 0.57
Nifty Bank 31,372 31,105 267 0.86
S&P BSE Power 2,117 2,094 23 1.10
S&P BSE Small Cap 14,283 14,239 43 0.30
S&P BSE HC 13,030 12,889 141 1.09
Date P/E Div. Yield P/E Div. Yield
1-Jul 28.57 1.18 29.17 1.23
Month Ago 29.01 1.19 29.49 1.22
Year Ago 22.54 1.26 25.90 1.22
Nifty 50 Top 3 Gainers
Company 01-Jul Prev_Day
% Change
Zee Ente. 358 339 5.82
Dr.Reddy 2655 2550 4.09
Tata Motors 168 163 3.35
Nifty 50 Top 3 Losers Domestic News
Company 01-Jul Prev_Day
% Change
BPCL 376 392 -4.14
ONGC 161 168 -4.02
Indian Oil 152 156 -2.73
Advance Decline Ratio
Advances 1266 909
Declines 1320 908
Unchanged 159 110
Institutional Flows (Equity)
Description (Cr)
FII Flows* 78078
MF Flows** 8609
Jul 2019; **28
Jun 2019
Economic Indicator
YoY(%) Current Year Ago
02 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 gained as the country’s current account deficit
for the quarter ended Mar 2019 narrowed and the U.S. and China agreed
on a trade truce for the time being. U.S. and China have agreed to come
back to the talks table and try find a solution to the dispute. Also,
investors looked forward to the finance ministry’s GST reforms.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.74% and
0.65%, respectively to close at 39,686.50 and 11,865.60, respectively.
S&P BSE Mid-Cap and S&P BSE Small Cap gained 0.54% and 0.30%,
The overall market breadth on BSE was weak with 1,266 scrips
advancing and 1,320 scrips declining. A total of 159 scrips remained
On the BSE sectoral front, S&P BSE Realty was the major gainer, up
2.59%, followed by S&P BSE Auto and S&P BSE Power, up 1.23% and
1.1%, respectively. S&P BSE Healthcare and S&P BSE Finance gained
1.09% and 0.99%, respectively. S&P BSE Oil & Gas was the major loser,
down 1.69%, followed by S&P BSE Consumer Durables and S&P BSE
Telecom, down 0.28% and 0.08%, respectively.
Government data showed that India’s fiscal deficit for the period from
Apr 2019 to May 2019 stood at Rs. 3.66 lakh crore or 52.0% of the
budget estimate compared with 55.3% of the budget estimate in the
corresponding period of the previous year. The revenue deficit in the
same period stood at Rs. 3.22 lakh crore or 68.3% of the budget estimate
compared with 67.9% of the budget estimate in the corresponding
period of the previous year. Total expenditure for the period from Apr
2019 to May 2019 stood at Rs. 5.13 lakh crore or 18.4% of the budget
estimate compared to 19.4% of the budget estimate in the
corresponding period of the previous year.
Government data showed that the growth in the index of eight core
industries grew to 5.1% in May 2019 from a revised 6.3% in Apr 2019
(2.6% growth originally reported), and 4.1% in the same period of the
previous year. The growth came as electricity output increased 7.2%
compared with 5.9% in the previous month. The steel sector witnessed
the maximum growth of 19.9% followed by electricity and cement, which
grew 2.8%.
The Nikkei India Manufacturing Purchasing Managers' Index (PMI)
slowed to 52.1 in Jun 2019 from 52.7 in May 2019. The slowdown came
as a softer increase in new work intakes led to slower rise in output and
employment. Nevertheless, the score still signals an improvement in
operating conditions across the sector.
Online fund transfer from one account to another has become free of
charge. The Reserve Bank of India (RBI) in its Statement on
Developmental and Regulatory Policies issued on Jun 6, 2019, had hinted
the stopping of fees it charged to banks for NEFT and RTGS transactions.
Banks used to in turn pass on these fees to their customers. On Jun 12,
2019, RBI issued a statement stating that in order to boost digital funds
movement, it has decided to do away with the NEFT and RTGS charges.
The inward transactions were free for all and will continue to be so.
Asian equity markets were mostly higher as the U.S. and China agreed to
restart trade talks and avoid imposition of additional tariffs on each
other's products. The U.S. President agreed to call off additional tariffs on
Chinese goods. China on its part has agreed to make unspecified new
purchases of U.S. farm products. Today (as of Jul 02), Asian markets
opened almost higher following gains in Wall Street in the last session.
Nikkei and Hangseng was trading up 0.09% and 1.01%, respectively (as at
8.a.m. IST).
As per the last close, European markets closed higher as investors
reacted positively to reports that currently U.S. and China do not intend to
levy any new tariffs against each other’s products in a bid to reignite trade
talks. However, contraction in Eurozone’s manufacturing activity in Jun
restricted the gains.
As per the last close, U.S markets closed mostly higher following reports
that U.S. and China have agreed to hold off on levying additional tariffs on
their products in an effort to resume trade talks. However, slowdown in
pace of growth in U.S. manufacturing activity in Jun restricted the gains.
Markets for You
FII Derivative Trade Statistics 01-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 2085.81 2522.15 15517.95
Index Options 124948.86 124811.32 33785.68
Stock Futures 10306.80 9945.63 82149.48
Stock Options 3954.70 3913.75 1572.61
Total 141296.17 141192.85 133025.72
01-Jul Prev_Day
Put Call Ratio (OI) 1.29 1.37 -0.08
Indian Debt Market
Put Call Ratio(Vol) 0.92 0.89 0.03
01-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 5.74% 5.77% 5.92% 6.21%
T-Repo 5.55% 5.52% 5.94% NA
Repo 5.75% 5.75% 6.00% 6.25%
Reverse Repo 5.50% 5.50% 5.75% 6.00%
91 Day T-Bill 5.90% 5.85% 6.10% 6.48%
364 Day T-Bill 6.10% 6.06% 6.23% 7.11%
10 Year Gilt 6.88% 6.85% 7.03% 7.90%
G-Sec Vol. (Rs.Cr) 35844 80775 86184 27152
Currency Market Update
FBIL MIBOR* 5.97% 5.90% 6.00% 6.24%
3 Month CP Rate 6.90% 6.95% 6.80% 7.55%
5 Year Corp Bond 8.01% 8.04% 8.00% 8.79%
1 Month CD Rate 5.92% 6.06% 6.38% 6.81%
3 Month CD Rate 6.40% 6.31% 6.47% 7.00%
1 Year CD Rate 7.11% 7.16% 7.20% 8.08%
Commodity Market Update
Currency 01-Jul Prev_Day
USD/INR 68.97 68.92 0.05
GBP/INR 87.47 87.35 0.12
EURO/INR 78.13 78.36 -0.23
International News
JPY/INR 0.64 0.64 0.00
Commodity 01-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 58.88 57.68 53.44 74.08
Brent Crude($/bl) 65.66 66.60 68.02 76.78
Gold( $/oz) 1384 1419 1305 1252
Gold(Rs./10 gm) 33549 34041 32056 30341
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
02 July 2019
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Jul 2019 Futures stood at 11,903.65, a premium of 38.05 points,
above the spot closing of 11,865.60. The turnover on NSE’s Futures and
Options segment decreased to Rs. 5,91,676.74 crore on Jul 1, 2019,
compared with Rs. 6,17,277.53 crore on Jun 28, 2019.
The Put-Call ratio stood unchanged at 0.92 compared with the
previous session’s close.
The Nifty Put-Call ratio stood at 1.37 compared with the previous
session’s close of 1.29.
Open interest on Nifty Futures stood at 19.75 million, compared with
the previous session’s close of 19.52.
Bond yield remained unchanged amid easing concerns over U.S.-China
trade war after the two economies reached a temporary trade truce.
However, the overall market remains worried over fiscal expansion and
surging crude oil prices.
Yield on the 10-year benchmark paper (7.26% GS 2029) stood steady
at 6.88% compared with the previous close after trading in a range of
6.88% to 6.93%.
Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,857 crore (gross) on Jul 1, 2019, compared
with Rs. 6,337 crore (gross) as on Jun 28, 2019. Sale of securities under
RBI's reverse repo window stood at Rs. 54,794 crore on Jun 28, 2019.
Banks borrowed Rs. 220 crore under the central bank’s Marginal
Standing Facility on Jun 28, 2019 compared to that of Rs. 760 crore
borrowed on Jun 27, 2019.
The Indian rupee rose following productive trade talks between the
U.S. and China, which bosted investors’ risk appetite. The rupee closed
at 68.95 a dollar, compared with the previous close 69.02.
The euro depreciated against greenback amid European leaders’
divided opinions on who should succeed as the European Commission
President. Besides, productive trade discussion between the U.S. and
China lifted dollar. The euro was last seen trading at 1.1338, compared
with previous close of 1.1368.
Gold prices were down as trade tension between the U.S. and China
eased following a temporary trade truce.
Brent crude prices stood firm ahead of OPEC’s meeting to decide on
production cut to prevent price fall amid surging U.S. crude production.
According to a Commerce Department report, U.S. personal income
increased by more than expected in May 2019, while personal spending
rose in line with estimates. Personal income climbed by 0.5% in May,
matching the advance seen in Apr 2019.
Eurostat data showed euro area unemployment rate dropped to the
lowest since Jul 2008, despite the ongoing contraction in the
manufacturing sector. The unemployment rate fell to 7.5% in May 2019
from 7.6 % in Apr 2019. The rate was forecast to remain unchanged.
Markets for You
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