03 Jun 2019
Markets for You
Global Indices
Global Indices 31-May Prev_Day Abs. Change
% Change
#
Dow Jones 24,815 25,170 -355 -1.41
Nasdaq 7,453 7,568 -115 -1.51
FTSE 7,162 7,218 -56 -0.78
Nikkei 20,601 20,943 -341 -1.63
Hang Seng 26,901 27,115 -214 -0.79
Indian Indices 31-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 39,714 39,832 -118 -0.30
Nifty 50 11,923 11,946 -23 -0.19
Nifty 100 12,028 12,038 -10 -0.08
Nifty Bank 31,375 31,537 -162 -0.51
SGX Nifty 11,937 11,947 -10 -0.08
S&P BSE Power 2,010 2,036 -26 -1.26
S&P BSE Small Cap 14,867 14,964 -97 -0.65
S&P BSE HC 13,305 13,326 -21 -0.16
Date P/E Div. Yield P/E Div. Yield
31-May 29.01 1.19 29.49 1.22
Month Ago 28.96 1.19 29.33 1.12
Year Ago 23.19 1.14 27.19 1.23
Nifty 50 Top 3 Gainers
Company 31-May Prev_Day
% Change
#
Tech Mahindra 760 735 3.45
Asian Paints 1407 1375 2.38
TCS 2197 2146 2.34
Nifty 50 Top 3 Losers Domestic News
Company 31-May Prev_Day
% Change
#
Yes Bank 148 155 -4.65
ITC 279 289 -3.50
Grasim Indus 886 911 -2.78
Advance Decline Ratio
BSE NSE
Advances 996 641
Declines 1592 1195
Unchanged 149 103
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 73979
MF Flows** 2471
*30
th
May 2019; **30
th
May 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.92%
(Apr-19)
4.58%
(Apr-18)
IIP
-0.10%
(Mar-19)
5.30%
(Mar-18)
GDP
5.80%
(Mar-19)
8.10%
(Mar-18)
03 June 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
Sensex
Nifty
2.50%
(Dec-18)
6.60%
(Dec-18)
Quarter Ago
Inflow/Outflow
-1405
-101
2.11%
(Dec-18)
• Indian equity markets saw volatile trade wherein indices touched record
highs during the session but still ended in the red. Investors became
cautious ahead of the release of gross domestic data, scheduled later in
the day. Global cues were also weak as the U.S. increased tariffs on
Mexican imports to curb illegal immigration form the country.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.30% and
0.19%, respectively, to close at 39,714.20 and 11,922.80, respectively. S&P
BSE Mid-Cap gained 0.23%, while S&P BSE Small Cap lost 0.65%.
• The overall market breadth on BSE was weak with 996 scrips advancing
and 1592 scrips declining. A total of 149 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Information Technology was the
major gainer, up 1.19%, followed by S&P BSE Teck and S&P BSE Oil & Gas,
up 1.07% and 0.88%, respectively. S&P BSE Power was the major loser,
down 1.26%, followed by S&P BSE Metal and S&P BSE Fast Moving
Consumer Goods, down 1.07% and 1.03%, respectively.
• Government data showed that the growth of the gross domestic product
(GDP) of India’s economy slowed to 5.8% in the quarter ended Mar 2019
from 6.6% in the previous quarter and 8.1% in the same period of the
previous year. This was the slowest rate since the quarter ended Mar
2014. The growth of the economy thus slowed down from a growth rate
of 8.0% in Q1FY19 to 7.0% in Q2FY19 and 6.6% in Q3FY19. For the entire
fiscal, India’s GDP grew 6.8%, slower than the growth of 7.2% in the
previous fiscal which was also the slowest growth rate in the last five
years. The gross value added (GVA), which is GDP less taxes, grew 5.7% in
Q4FY19 from 6.3% in the previous quarter and 7.9% in the same period of
the previous year.
• Government data showed that the Indian government was able to meet
its interim budget fiscal deficit target of 3.4% for FY19 as India’s fiscal
deficit stood at 3.39% of GDP. This was made possible due to increase in
non-tax revenue and lower expenditure. In absolute terms, non-Tax
revenue for FY19 stood at Rs 2.46 lakh crore, a tad higher than Rs. 2.45
lakh crore in the revised estimates of budget. Total expenditure for FY19
stood at Rs. 23.11 lakh crore, lower than Rs. 24.57 lakh crore in the revised
estimates of budget. The revenue deficit stood at 2.34 % of GDP while the
effective revenue deficit was 1.33% of GDP. India’s fiscal deficit for FY19
stood at Rs. 6.45 lakh crore as against Rs. 6.34 lakh crore in the revised
estimates of budget.
• Government data showed that the growth in the index of eight core
industries slowed to 2.6% in Apr-19 from 4.9% in the previous month and
4.7% in the same period of the previous year. The slowdown came as
crude oil sector, natural gas sector and fertilizers sector witnessed a
contraction of 6.9%, 0.8% and 4.4% respectively. The electricity sector
witnessed a maximum growth of 5.8% followed by refinery products and
coal which grew 5.8% and 2.8% respectively. The steel sector and the
cement sector witnessed a growth of 1.5% and 0.8% respectively.
• Asian equity markets were mostly lower because of escalating trade
tensions and weak Chinese data. The U.S. President announced new tariffs
on all goods coming from Mexico to curb illegal immigration to the U.S. The
President said 5% increase in tariffs will begin from Jun 10, and the rate
could slowly rise until the situation is resolved. Today (as of June 03), Asian
markets opened on a lower note following declines in Wall Street in the
last session and increasing concerns over global trade. Nikkei and
Hangseng were trading down 1.03% and 0.32%, respectively (as at 8.a.m.
IST).
• As per the last close, European markets closed lower after U.S. President
announced plans to impose 5% tariff on all Mexican imports from Jun 10,
2019, thereby triggering worries of global recession.
• As per the last close, U.S markets closed lower after U.S. President
revealed plans to use tariffs on Mexico beginning Jun 10, 2019. The
announcement comes to compel Mexico to make efforts to stop the flow
of illegal immigrants across the country. Further, downward revision to
consumer sentiment index for May 2019 weighed on the indices.
Markets for You
FII Derivative Trade Statistics 31-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 9826.70 10560.87 34024.09
Index Options 188790.03 186297.03 72385.54
Stock Futures 35671.99 36463.73 90418.62
Stock Options 4943.62 4959.57 7019.97
Total 239232.34 238281.20 203848.22
31-May Prev_Day
Change
Put Call Ratio (OI) 1.43 1.46 -0.03
Indian Debt Market
Put Call Ratio(Vol) 1.00 0.94 0.06
31-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.92% 5.88% 6.15% 5.94%
T-Repo 5.94% 5.92% 6.01% NA
Repo 6.00% 6.00% 6.00% 6.00%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.10% 6.21% 6.45% 6.40%
364 Day T-Bill 6.23% 6.34% 6.49% 6.90%
10 Year Gilt 7.03% 7.23% 7.41% 7.83%
G-Sec Vol. (Rs.Cr) 86184 58585 22574 19565
Currency Market Update
FBIL MIBOR 6.00% 6.05% 6.20% 5.99%
3 Month CP Rate 6.80% 6.90% 7.50% 7.95%
5 Year Corp Bond 8.06% 8.26% 8.46% 8.64%
1 Month CD Rate 6.38% 6.54% 7.36% 6.50%
3 Month CD Rate 6.47% 6.65% 7.40% 7.40%
1 Year CD Rate 7.20% 7.44% 7.63% 8.23%
Commodity Market Update
Currency 31-May Prev_Day
Change
USD/INR 69.81 69.79 0.02
GBP/INR 88.01 88.17 -0.16
EURO/INR 77.73 77.71 0.02
International News
JPY/INR 64.08 63.59 0.49
Commodity 31-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 53.44 58.39 63.78 66.98
Brent Crude($/bl) 68.02 68.97 71.87 76.74
Gold( $/oz) 1305 1285 1283 1298
Gold(Rs./10 gm) 32056 31591 31723 31026
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
03 June 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Jun 2019 Futures were at 11,916.50, a discount of 6.30 points,
below the spot closing of 11,922.80. The turnover on NSE’s Futures and
Options segment decreased to Rs. 8,68,177.30 crore on May 31, 2019,
compared with Rs. 23,70,654.07 crore on May 30, 2019.
• The Put-Call ratio stood at 0.91 compared with the previous session’s
close of 0.87.
• The Nifty Put-Call ratio stood at 1.43 compared with the previous
session’s close of 1.46.
• Open interest on Nifty Futures stood at 18.79 million as against the
previous session’s close at 26.68 million.
• Bond yields declined with fall in crude oil prices which improved the
inflation outlook. Besides, the outcome of the country’s multi-phased
general elections and hopes of liquidity infusion kept the bond market
sentiment high.
• Yield on the 10-year benchmark paper (7.26% GS 2029) decreased 11
bps to 7.03% compared with the previous close of 7.14% after trading in a
range of 7.03% to 7.10%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 9,956 crore (gross) on May 31, 2019, compared
with Rs. 15,606 crore (gross) as on May 30, 2019.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on May 30, 2019 compared with borrowing of Rs. 500 crore on
May 29, 2019.
• The Indian rupee rose against the greenback following fall in global
crude oil prices. However, renewed concerns of a global trade war
capped the gains. The rupee closed at 69.68 a dollar, up 0.28% compared
with the previous close of 69.87.
• The euro rose against the U.S. dollar amid reports that the senior
policymakers in U.S. were discussing the possibility of rate cuts amid
renewed concerns of a global trade war. The euro was last seen trading at
1.1151, up 0.19% compared with the previous close of 1.1130.
• Gold prices edged higher on rising trade conflict between U.S. and
China.
• Brent crude prices slipped with escalating trade tension between U.S.
and China. Oil prices were last seen trading at $68.37 per barrel,
compared with the previous close of $70.79 per ounce.
• A Labor Department report showed a modest uptick in first-time claims
for U.S. unemployment benefits in the week ended May 25, 2019. The
report said initial jobless claims edged up to 215,000, an increase of 3,000
from the previous week's revised level of 212,000.
• Bank of England figures showed U.K. mortgage approvals increased
more than expected in Apr 2019. The number of mortgage approvals for
house purchase, a leading indicator of mortgage lending, rose to 66,261
from 62,559 in Mar 2019. The expected level was 63,500.
Markets for You
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