03 Jul 2018
Markets for You
Global Indices
Global Indices 02-Jul Prev_Day Abs. Change
% Change
Dow Jones 24,307 24,271 36 0.15
Nasdaq 7,568 7,510 57 0.76
FTSE 7,548 7,637 -89 -1.17
Nikkei 21,812 22,305 -493 -2.21
Hang Seng Closed 28,955 NA NA
Indian Indices 02-Jul Prev_Day Abs. Change
% Change
S&P BSE Sensex 35,264 35,423 -159 -0.45
Nifty 50 10,657 10,714 -57 -0.53
Nifty 100 10,930 10,993 -64 -0.58
Nifty Bank 26,230 26,364 -134 -0.51
SGX Nifty 10,648 10,676 -28 -0.26
S&P BSE Power 1,914 1,947 -33 -1.69
S&P BSE Small Cap 15,920 16,032 -112 -0.70
S&P BSE HC 13,961 14,004 -43 -0.30
Date P/E Div. Yield P/E Div. Yield
2-Jul 22.40 1.27 25.76 1.23
Month Ago 23.23 1.14 27.09 1.23
Year Ago 22.64 1.27 24.23 1.12
Nifty 50 Top 3 Gainers
Company 02-Jul Prev_Day
% Change
Asian Paints 1293 1264 2.26
Infosys 1335 1307 2.10
Vedanta 240 236 1.55
Nifty 50 Top 3 Losers Domestic News
Company 02-Jul Prev_Day
% Change
NTPC 154 160 -3.82
Ambuja Cem 200 207 -3.64
Bharti Airtel 368 382 -3.64
Advance Decline Ratio
Advances 914 609
Declines 1691 1196
Unchanged 160 76
Institutional Flows (Equity)
Description (Cr)
FII Flows* -4306
MF Flows** 65926
Jul 2018; **28
Jun 2018
Economic Indicator
YoY(%) Current Year Ago
03 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
Quarter Ago
The equity markets was dragged down by weak cues from Asian
markets. Persistent concerns over U.S. - China trade war and lower than
expected Chinese manufacturing data for Jun 2018 dampened market
Downside was restricted by the results of a private survey showing
improvement in domestic manufacturing conditions in Jun. Statement by
U.S. President regarding agreement with Saudi Arabia on increasing oil
production, halted the recent rally in oil prices.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.45% and
0.53% to close at 35,264.41 and 10,657.30, respectively. S&P BSE Mid-
Cap and S&P BSE Small-Cap slipped 0.75% and 0.70%, respectively.
The overall market breadth on BSE was weak with 1,691 scrips
declining and 914 scrips advancing. A total of 160 scrips remained
On the BSE sectoral front, barring S&P BSE IT, S&P BSE Consumer
Durables and S&P BSE Teck, all the indices closed in the red. S&P BSE
Telecom was the major loser, down 2.61%, followed by S&P BSE Metal
and S&P BSE Power, which fell 1.80% and 1.69%, respectively.
Government data showed that the index of eight core industries
witnessed a growth of 3.6% on a yearly basis in May 2018, down from
4.6% in the previous month and 3.9% in the same month of the previous
year. The coal sector witnessed the maximum growth of 12.1% on a
yearly basis followed by fertilizers sector and cement sector that
witnessed a growth of 8.4% and 5.2% respectively. The refinery products
sector, electricity sector and steel sector witnessed yearly growth of
4.9%, 3.5% and 0.5%, respectively. However, the crude oil sector and
natural gas sector contracted 2.9% and 1.4% during the same time
period, cumulative growth during Apr to May, 2018-19 came in at 4.1%.
The Nikkei India Manufacturing Purchasing Managers' Index (PMI), rose
to 53.1 in Jun 2018 from 51.2 in May 2018. This is the strongest reading
in 2018 so far. The increase came due to strong growth in output and
new orders that rose at the fastest rates in this year, so far.
According to a statement by the Labor Ministry, consumer price
inflation for industrial workers stood at 3.96% in May 2018 as against
3.97% in Apr 2018 and 1.09% in May 2017. The food inflation based on
CPI-IW (Consumer Price Index-Industrial Workers) rose to 1.66% in May
as compared with 1.33% in Apr and fall of 1.63% during May 2017.
Bajaj Auto’s total sales came in at 4,04,429 units in Jun 2018, up 65%
YoY from 2,44,878 units in Jun 2017. Motorcycle sales came in at
3,37,752 units in Jun 2018, up from 2,04,667 units in Jun 2017.
U.S. Food and Drug Administration (USFDA) has given the approval to
Aurobindo Pharma for manufacturing and and marketing of Ibuprofen
capsules. The capsules that will launched in Sep 2018 will be used to
relieve pain and reduce fever.
Coal India Limited’s coal production came in at 136.87 million tonne
during the first quarter ended Jun 2018, up 15.2% YoY. However,
according to the media reports, it missed the production target by 9%.
Meanwhile, the supply to power plants also surged 15.4% to 122.84
million tonne.
Markets for You
Asian markets largely remained in the red as investor sentiments were
weighed down by weak Chinese manufacturing data for Jun 2018.
Persisting concerns over trade war between U.S. and China continued to
be a spoilsport for the markets. Today (as of Jul 3), Asian markets opened
mixed. Trade tensions between the U.S. and its trading partners weighed
on the market, while gains in the Wall Street boosted investor’s
sentiments. Nikkei was trading up 0.13% while Hang Seng was trading
down 2.46% (as at 8.a.m. IST).
As per the last close, European markets closed lower as concerns over
global trade continue to weigh on investor sentiment.
As per the last close, U.S markets closed higher after release of a report
from the Institute for Supply management showing growth in U.S.
manufacturing activity unexpectedly accelerated in the month of Jun
2018. However, trade concerns relation between the U.S. and China
capped the gains.
FII Derivative Trade Statistics 02-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 3814.48 2371.82 18387.33
Index Options 43986.51 43924.04 49740.21
Stock Futures 12014.48 11911.52 78549.94
Stock Options 4694.67 4645.35 2421.74
Total 64510.14 62852.73 149099.22
02-Jul Prev_Day
Put Call Ratio (OI) 1.48 1.45 0.02
Indian Debt Market
Put Call Ratio(Vol) 0.85 0.90 -0.05
02-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 6.12% 6.23% 5.98% 6.11%
CBLO 6.10% 6.26% 5.98% 6.18%
Repo 6.25% 6.25% 6.00% 6.25%
Reverse Repo 6.00% 6.00% 5.75% 6.00%
91 Day T-Bill 6.42% 6.44% 6.43% 6.28%
364 Day T-Bill 7.11% 7.00% 6.86% 6.35%
10 Year Gilt 7.91% 7.82% 7.85% 6.51%
G-Sec Vol. (Rs.Cr) 13776 26377 15457 53131
Currency Market Update
FBIL MIBOR 6.25% 6.35% 6.05% 6.25%
3 Month CP Rate 7.40% 7.50% 8.05% 6.69%
5 Year Corp Bond 8.82% 8.70% 8.62% 7.54%
1 Month CD Rate 6.60% 7.16% 6.59% 6.33%
3 Month CD Rate 6.82% 6.96% 7.58% 6.35%
1 Year CD Rate 8.11% 8.07% 8.25% 6.69%
Commodity Market Update
Currency 02-Jul Prev_Day
USD/INR 68.62 68.58 0.05
GBP/INR 90.43 89.93 0.50
EURO/INR 79.96 79.85 0.11
International News
JPY/INR 0.62 0.62 0.00
Commodity 02-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 73.84 68.76 65.81 45.97
Brent Crude($/bl) 76.05 72.56 74.48 47.12
Gold( $/oz) 1242 1265 1293 1241
Gold(Rs./10 gm) 30348 30540 30764 28803
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
03 July 2018
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty July 2018 Futures were at 10,658.25, a premeium of 0.95 points,
above the spot closing of 10,657.30. The turnover on NSE’s Futures and
Options segment went down to Rs. 5,63,024.34 crore on Jul 2 from Rs.
4,35,467.26 crore on Jun 29.
The Put-Call ratio stood at 0.81 against previous session’s close of
The Nifty Put-Call ratio stood at 1.45 against the previous session’s
close of 1.48.
India VIX moved up 3.96% to 13.4500 from 12.9375 in the previous
trading session.
Open interest on Nifty Futures stood at 20.29 million as against the
previous session’s close at 20.26 million.
Amid lower trade volumes, bond yields initially fell on short covering
by market participants. Gains were reversed following weakness in the
Indian rupee against the U.S. dollar.
Yield on the 10-year benchmark paper (7.17% GS 2028) inched up 1
bps to close at 7.91% as against its previous close of 7.90%. During the
session, bond yields traded in the range of 7.86% and 7.92%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,871 crore (gross) on Jul 02, compared with
Rs. 9,718 crore (gross) borrowed on Jun 29. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 16,921
crore on Jun 29.
Banks borrowed Rs. 3,125 crore under the central bank’s Marginal
Standing Facility on Jun 29 against no borrowing on Jun 28.
The rupee weakened against the greenback and ended at the lowest
level since Aug 28, 2013 following losses in the domestic equity market
due to ongoing trade disputes between the U.S. and China. The rupee
fell 0.48% to close at 68.80 per dollar from the previous close of 68.47
per dollar.
The euro fell against the greenback as investor risk sentiment were
affected following escalating trade tensions between the U.S. and China.
Euro was last seen trading at $1.1608, down 0.64% from the previous
close of $1.1683.
Gold prices inched down on stronger dollar and on expectations of a
faster rate hike by the Federal Reserve (Fed) in coming time.
Brent crude prices fell on news that the Saudi Arabia had agreed to
raise more oil output that is likely to be around 2,000,000 barrels, basis
direction by the U.S. President.
According to a report from the University of Michigan, U.S. consumer
sentiment index came in at 98.2 in Jun down from preliminary reading
of 99.3. However, it came in slightly higher than May reading of 98.0.
According to a report from Eurostat, eurozone’s unemployment rate
remained unchanged at 8.4% in May 2018. This marked the lowest rate
since Dec 2008. Meanwhile, the number of people out of work fell by
125,000 as against the previous month to 13.656 million in May.
According to a report from the IHS Markit, Eurozone’s factory
Purchasing Managers' Index fell to 54.9 in Jun 2018 as against 55.5 in
May 2018. This marked an 18-month low.
Markets for You
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