04Jun2018
MarketsforYou
GlobalIndices
GlobalIndices 01‐Jun Prev_Day Abs.Change
%Change
#
DowJones 24,635 24,416 219 0.90
Nasdaq 7,554 7,442 112 1.51
FTSE 7,702 7,678 24 0.31
Nikkei 22,171 22,202 ‐30 ‐0.14
HangSeng 30,493 30,469 24 0.08
IndianIndices 01‐Jun Prev_Day Abs.Change
%Change
#
S&PBSESensex 35,227 35,322 ‐95 ‐0.27
Nifty50 10,696 10,736 ‐40 ‐0.37
Nifty100 11,014 11,064 ‐50 ‐0.45
NiftyBank 26,693 26,956 ‐263 ‐0.98
SGXNifty 10,684 10,732 ‐49 ‐0.45
S&PBSEPower 2,089 2,129 ‐40 ‐1.89
S&PBSESmallCap 16,979 17,249 ‐270 ‐1.57
S&PBSEHC 12,945 13,003 ‐57 ‐0.44
Date P/E Div.Yield P/E Div.Yield
1‐Jun 23.23 1.14 27.09 1.23
MonthAgo 23.83 1.12 26.66 1.19
YearAgo 22.57 1.29 24.34 1.19
Nifty50Top3Gainers
Company 01‐Jun Prev_Day
%Change
#
BajajAuto 2897 2750 5.32
Maruti 8809 8537 3.18
BhartiAirtel 384 374 2.70
Nifty50Top3Losers DomesticNews
Company 01‐Jun Prev_Day
%Change
#
AurobindoPharma 535 556 ‐3.77
EicherMotors 29869 30781 ‐2.96
GAIL 341 351 ‐2.72
AdvanceDeclineRatio
BSE NSE
Advances 674 439
Declines 2024 1382
Unchanged 127 71
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐1729
MFFlows** 59444
*1
st
Jun2018;**30
th
May2018
EconomicIndicator
YoY(%) Current YearAgo
CPI
4.58%
(Apr‐18)
2.99%
(Mar‐17)
IIP
4.40%
(Mar‐18)
4.10%
(Mar‐17)
GDP
7.70%
(Mar‐18)
6.10%
(Mar‐17)
04June2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
7.10%
(Dec‐17)
7.00%
(Dec‐17)
QuarterAgo
Inflow/Outflow
365
‐516
5.07%
(Jan‐17)
• Indian equity markets initially opened on a positive note after India’s
gross domestic product for fourth quarter 2018 surged to 7.7%. H owever,
the indices ended in the red following losses in financial stocks, slowdown
in India's manufacturing s ector a ctivity in M ay 2018 and intensifying trade
war concerns. However, gains in auto stocks after some a uto maj ors
gained on accelerated sales of two‐wheelers and co mmercial v ehicles in
May 2018 restricted the losses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.27% and
0.37% to close at 35,227.26 and 10,696.20, respectively. S&P BSE Mid‐
Cap and S&P BSE SmallCap fell 1.01% and 1.57%.
• The overall market breadth on BSE was weak with 2,024 scrips declining
and 674 scrips advancing. A total of 127 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Power was the major loser, down
1.89% followed by S&P BSE Utilities and S&P BSE Basic Materials that fell
1.68% a nd 1.26%, respectively. S&P BSE Realty and S&P BSE Information
Technology fell 1.07% and 0.94%, respectively.
• The Nikkei Manufacturing Purchasing Managers’ Index (PMI) fell to 51.2
in May 2018 from 51.6 in Apr 2018 due to w e aker expansions in output
and new orders and employment. This is the tenth consecutive month
when index came in above the threshold of 50.0. The data indicates
growth, however at a m odest pace.
• The Unique Identification Authority of India (UIDAI) has reduced the
daily minimum Aadhaar enrolment or updation target for stipulated bank
branches by half, to eight. T his will be effective from Jul 1, 2018 and
marks a major sigh of relief for banks. Also, U IDAI stated that the banks
attaining the fresh target for Jul 2018 will not have to face financial
disincentives up to that month.
• According to the Finance Ministry, the government has collected Rs.
94,016 crore in the form of goods and services tax (GST) against an
average collection of nearly Rs. 90,000 crore per month in FY 2017‐18.
The finance ministry further added that Rs. 15,866 crore was collected as
CGST, Rs. 21,691 crore as SGST, Rs. 49,120 crore IGST (including Rs.
24,447 crore collected on imports) and cess as Rs. 7,339 crore (including
Rs 854 crore collected on imports).
• According to a major credit rating agency, losses by state‐run banks
have erased the $13‐billion capital infusion by the government. Als o, the
agency stated that the situation is not expected to improve in the FY19. It
warned that the banks’ viability ratings will be pressurized with big losses.
• According to media reports, domestic sales of Tata Motors grew 58% to
54,295 units in May 2018 which can be attributed to upbeat s ales in the
commercial and passenger vehicle segments. Tata Motors sold 34,461
units in the same month of the previous year.
• According to media reports, Oil and Natural Gas Corporation (ONGC)
witnessed a 36% jump in profit in the quarter ended Mar 2018 due to
higher global crude oil prices and lower statutory levies. ONGC
acknowledged the fact that increase in global crude oil prices benefitted
the company as it resulted in higher petrol and diesel prices in the
country.
• Asian markets traded low ahead of the U.S. non‐farm payroll data and
on concerns over probable trade war after the U.S. announced that it
might impose tariffs on imported steel and aluminium from the EU,
Canada and Mexico. However, improved economic data from China and
Japan provided some support after survey data from IHS Markit indicated
that China's manufacturing activity expanded at a steady pace in May and
the latest survey from Nikkei showed that the manufacturing sector in
Japan continued to expand i n May. Today (As of June 04) , Asian markets
opened higher following gains on the Wall Street overnight. Both Nikkei
and Hang Seng index were trading higher 1.27% and 1.12%, respectively
(as at 8 a.m. IST).
• As per the last close, European market rose following as investor
sentiment received a boost from the news that Italy has managed to form
a new government and that Spain will get a new Prime Minister.
• As per the last close, U.S markets went up strongly following better
than expected U.S. nonfarm payroll data for May 2018.
MarketsforYou
FIIDerivativeTradeStatistics 01‐Jun
(RsCr) Buy Sell OpenInt.
IndexFutures 6268.78 6911.84 14342.65
IndexOptions 131500.42 130215.61 50044.53
StockFutures 33729.96 32522.24 76692.04
StockOptions 5466.91 5366.37 416.87
Total 176966.07 175016.06 141496.09
01‐Jun Prev_Day Change
PutCallRatio(OI) 1.67 1.48 0.19
IndianDebtMarket
PutCallRatio(Vol) 1.04 0.94 0.10
01‐Jun Wk.Ago Mth.Ago YearAgo
CallRate 5.98% 5.93% 6.02% 6.04%
CBLO 5.98% 5.08% 5.53% 6.04%
Repo 6.00% 6.00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 6.00%
91DayT‐Bill 6.43% 6.20% 6.19% 6.25%
364DayT‐Bill 6.86% 6.25% 6.45% 6.41%
10YearGilt 7.85% 7.79% 7.77% 6.62%
G‐SecVol.(Rs.Cr) 15457 30646 23708 73491
CurrencyMarketUpdate
FBILMIBOR 6.05% 6.02% 6.00% 6.25%
3MonthCPRate 8.05% 8.35% 7.40% 6.70%
5YearCorpBond 8.64% 8.65% 8.43% 7.43%
1MonthCDRate 6.59% 6.79% 6.69% 6.23%
3MonthCDRate 7.58% 7.83% 7.07% 6.39%
1YearCDRate 8.25% 8.22% 7.71% 6.81%
CommodityMarketUpdate
Currency 01‐Jun Prev_Day Change
USD/INR 67.18 67.45 ‐0.27
GBP/INR 89.14 89.79 ‐0.65
EURO/INR 78.41 78.79 ‐0.38
InternationalNews
JPY/INR 0.62 0.62 0.00
Commodity 01‐Jun WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 65.81 67.87 68.51 48.27
BrentCrude($/bl) 74.48 77.14 76.66 50.05
Gold($/oz) 1293 1301 1315 1265
Gold(Rs./10gm) 30764 31171 31033 28828
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
04June2018
The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have been obtained from independent
third party sources and which are deemed to be reliable. The information provided cannot be considered as guidelines, recommendations or as a professional guide for the readers. It may be noted
that since Reliance Nippon L ife Asset Management Company Limited (RNLAM) (formerly Reliance Capital Asset Management Limited) has not independently verified the accuracy or authenticity of
such information or data, or for that matter the reasonableness of the assumptions upon which such data and information has been processed or arrive data; RNLAM does not in any manner assures
the accuracy or authenticity of su ch data and information. Some of t he statements & assertions contained in these materials may reflect RNLAM’s views or opinions, which in turn may have been
formed on the basis of such data or information. The Sponsor(s), the Investment Manager, the Trustee or any of their respective directors, employees, affiliates or representatives do not assume any
responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon the information provided herein, due
care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable, to the extent possible. This information is not intended to be an offer or solicitation for the
purchase or sale of any financial product or instrument. Recipients of this information should rely on information/data arising out of their own investigations. Before making any investments, the
readers are advised to seek independent professional advice, verify the contents in order to a rrive at an informed investment decision. None of the Sponsor(s), the Investment Manager, the Trustee,
their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, c onsequential, punitive or exemplary damages, including on
accountoflostprofitsarisingfromtheinformationcontainedinthismaterial.
ReadersarerequestedtoclickhereforICRONdisclaimer‐http://www.icraonline.com/legal/standard‐disclaimer.html
DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty June 2018 Futures were at 10683.9 points, a discount of 12.30
points, over the spot closing of 10,696.20. The turnover on NSE’s Futures
and Options segment went down to Rs. 5,12,566.51 crore on June 1 from
Rs. 18,34,938.48 crore on May 31.
•ThePut‐Call ratio stood at 0.83 against previous session’s close of 0.89.
• The Nifty Put‐Call ratio stood at 1.48 against the previous session’s
close of 1.67.
• India VIX moved up 1.26% to 13.3900 from 13.2225 in the previous
trading session.
• Open interest on Nifty Futures stood at 20.12 million as against the
previous session’s close at 31.28 million.
• Bond yields rose following increased possibility of rate hike by the
Monetary Policy Committee (MPC) consequent to strong gross domestic
product (GDP) data for quarter ended Mar 2018, especially at a time
when the domestic inflation is at high rate.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) rose 2 bps to
close at 7.85% from the previous close of 7.83%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 5,669 crore (gross) on Jun 1 compared with Rs.
3,768 (gross) on M ay 31. Sale of securities under RBI’s reverse repo
window stood at Rs. 3,722 crore on May 31.
• Banks borrowed Rs. 2,660 crore under the central bank’s Marginal
Standing Facility on M ay 31 as against borrowing of Rs . 6,862 cr o re on
May 30.
• The Indian rupee rose against the U.S. dollar following upbeat domestic
GDP data of quarter ended Mar 2018 and selling of greenback by
exporters. The rupee rose 0.52% to close at 67.06 per dollar from the
previous close of 67.41.
• Euro fell against the U.S. dollar following more than expected rise of
employment in the U.S. for t he month of May 2018. Euro was trading at
$1.1681 compared with the previous close of $1.1690.
• Gold prices fell ahead of the U.S. Federal Reserve’s (Fed) policy
decision in Jun.
• Brent crude prices fell ahead on concerns over higher c rude supply
from the OPEC and other non‐OPEC members and ahead of the Baker
Hughes’ data on U.S. drilling activity.
• According to a report from the Labor Department, U.S. non‐farm
payroll e mployment came i n higher than market expectations and g rew
by 223,000 jobs in May 2018 as against an increase of downwardly
revised 159,000 jobs (addition of 164,000 jobs originally reported) in Apr
2018.
• A report from the IHS Markit showed that Eurozone’s factory
Purchasing Managers' Index was in l ine with market expectations and
came in at 55.5 in May 2018, down from 56.2 i n Apr 2018. This marked a
15‐month low.
MarketsforYou
Thank you for
your time.