Markets for You
Global Indices
Global Indices 03-Jun Prev_Day Abs. Change
% Change
#
Dow Jones 24,827 24,815 12 0.05
Nasdaq 7,333 7,453 -120 -1.61
FTSE 7,178 7,162 16 0.22
Nikkei 20,411 20,601 -190 -0.92
Hang Seng 26,894 26,901 -7 -0.03
Indian Indices 03-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 40,268 39,714 553 1.39
Nifty 50 12,089 11,923 166 1.39
Nifty 100 12,191 12,028 163 1.35
Nifty Bank 31,654 31,375 278 0.89
SGX Nifty 12,108 11,937 171 1.43
S&P BSE Power 2,020 2,010 10 0.49
S&P BSE Small Cap 14,938 14,867 71 0.48
S&P BSE HC 13,426 13,305 120 0.91
Date P/E Div. Yield P/E Div. Yield
3-Jun 28.89 1.18 29.90 1.20
Month Ago 28.86 1.18 29.24 1.12
Year Ago 23.23 1.14 27.09 1.23
Nifty 50 Top 3 Gainers
Company 03-Jun Prev_Day
% Change
#
Hero Moto 2840 2680 5.97
Bajaj Auto 3035 2926 3.72
Asian Paints 1459 1407 3.69
Nifty 50 Top 3 Losers Domestic News
Company 03-Jun Prev_Day
% Change
#
GAIL 357 361 -0.98
Tech Mahindra 758 760 -0.36
ICICI Bank 423 424 -0.19
Advance Decline Ratio
BSE NSE
Advances 1170 892
Declines 1445 935
Unchanged 154 119
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 77045
MF Flows** 2529
*3
rd
Jun 2019; **31
st
May 2019
Economic Indicator
YoY(%) Current Year Ago
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)
04 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
7.10%
(Dec-17)
7.00%
(Dec-17)
Quarter Ago
Inflow/Outflow
516
994
5.07%
(Jan-17)
• India equity markets closed in the green while surpassing the 40,000
mark, thereby marking a record high. Expectations of a rate cut in the
upcoming bi-monthly monetary policy decision on Jun 6, 2019 boosted
the indices. Further, decline in crude oil prices amid concerns of
escalating trade war tensions buoyed market sentiment as it eased
worries on fiscal deficit.
• Gains were extended on foreign fund inflows on expectations of more
business-friendly measures post outcome of general elections last week.
Also, market sentiment improved following surge in Nikkei
Manufacturing PMI to 3-month high in May 2019. Further, market
expectations that the government would take measures to boost
economic growth supported buying interest.
• Key benchmark indices S&P BSE Sensex and Nifty 50 each grew 1.39%
to close at 40,267.62 and 12,088.55, respectively. S&P BSE Mid-Cap and
S&P BSE Small Cap grew 0.90% and 0.48%, respectively.
• The overall market breadth on BSE was weak with 1,445 scrips
declining and 1,170 scrips advancing. A total of 154 scrips remained
• The Nikkei India Manufacturing Purchasing Managers' Index (PMI) grew
to 52.7 in May 2019 from 51.8 in Apr 2019. This marked a three-month
high. The upside was driven by improved output and new orders amid
strengthening demand conditions, thereby leading to further job
creation in the sector. Manufacturing PMI has remained above the 50-
point mark for the 22nd consecutive month.
• According to the Reserve Bank of India (RBI), around 6,800 cases of
bank fraud involving Rs. 71,500 crore have been reported in FY19
whereas 5,916 cases were reported involving Rs. 41,167.03 crore in FY18.
In the last 11 fiscal years, a total of 53,334 such cases were reported by
banks involving a huge amount of Rs. 2.05 lakh crore.
• According to media reports, merger and acquisition (M&A) activity in
the domestic country fell sharply in the quarter Jan-Mar 2019 due to
subdued global deal market and uncertainty around general election
results. According to a report, the M&A activity fell to 242 deals with
$9.9 billion from 260 deals with a disclosed deal value of $21.6 billion in
the year-ago period. However, the deal environment is expected to
improve going forward and 66% of the Indian executives are expected to
actively pursue M&A in next one year.
• According to the media reports, the government is set to offer
additional foodgrains at subsidised rates. Also, it is planning to add one
kilo of sugar to the monthly ration for beneficiaries under the National
Food Security Act (NFSA). Additionally, in the next few days, the Union
Cabinet is expected to decide on providing additional 2 kg grains to every
beneficiary on a monthly basis under NFSA. The move is expected to
boost the monthly quota to 7 kgs. The announcement comes in order to
offload massive stocks piled up in granaries due to a liberal support price
regime.
• According to the media reports, a government official has stated that
alternative mechanism first put in place by the previous ruling party’s
administration will soon be reactivated. This comes in order to accelerate
strategic sales. The mechanism includes select ministers that have the
power to decide on the timing, price and amount of shares of a state-run
company to be put on the block for outright sale.
• Asian markets largely remained low as worries over U.S.-China trade
worries kept investors wary. In addition, U.S. President's threat to
impose tariffs on all Mexican imports weighed on investor sentiment.
Today (as of June 04), Asian markets opened almost on a lower note as
investors remained cautiously amid ongoing global trade tensions. Nikkei
and Hangseng were trading down 0.33% and 0.07%, respectively (as at
8.a.m. IST).
• As per the last close, European markets closed almost higher post
volatile session amid bargain hunting. Strength in chemicals and basic
resources stocks boosted the indices. However, fall in eurozone’s factory
Purchasing Managers' Index in May weighed on market sentiment.
• As per the last close, U.S markets closed on a mixed note. Technology
(Tech) stocks came under pressure on reports of antitrust investigations
involving some top tech companies. Further, trade concerns continue to
weigh on the markets. However, gains in gold, chemical and steel stocks
boosted the indices.
Markets for You
FII Derivative Trade Statistics
03-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 4201.63 4606.22 18431.43
Index Options 182864.25 180171.24 49601.79
Stock Futures 18667.22 16236.23 86203.16
Stock Options 5339.81 5288.58 2964.94
Total 211072.91 206302.27 157201.32
03-Jun Prev_Day
Change
Put Call Ratio (OI) 1.43 1.76 -0.33
Indian Debt Market
Put Call Ratio(Vol) 1.00 1.03 -0.03
03-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 5.85% 5.94% 6.03% 5.98%
T-Repo 5.79% 5.95% 5.83% 5.98%
Repo 6.00% 6.00% 6.00% 6.00%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.04% 6.20% 6.44% 6.43%
364 Day T-Bill 6.13% 6.30% 6.51% 6.86%
10 Year Gilt 6.98% 7.17% 7.39% 7.85%
G-Sec Vol. (Rs.Cr) 75172 71666 29579 15457
Currency Market Update
FBIL MIBOR* 6.00% 6.00% 6.18% 6.05%
3 Month CP Rate 6.75% 6.85% 7.70% 8.05%
5 Year Corp Bond 7.97% 8.19% 8.48% 8.62%
1 Month CD Rate 6.32% 6.46% 7.03% 6.59%
3 Month CD Rate 6.38% 6.56% 7.23% 7.58%
1 Year CD Rate 7.04% 7.38% 7.64% 8.25%
Commodity Market Update
Currency 31-May Prev_Day
Change
USD/INR 69.81 69.79 0.03
GBP/INR 88.01 88.17 -0.18
EURO/INR 77.73 77.71 0.02
International News
JPY/INR 0.64 0.64 0.77
Commodity 03-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 54.13 58.39 61.93 65.81
Brent Crude($/bl) 65.68 68.97 72.09 74.48
Gold( $/oz) 1315 1285 1279 1293
Gold(Rs./10 gm) 32206 31708 31220 30764
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
04 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 12,104.45, a premium of 15.90 points,
above the spot closing of 12,088.55. The turnover on NSE’s Futures and
Options segment rose to Rs. 17,16,927.30 crore on Jun 3, 2019,
compared with Rs. 8,68,177.30 crore on May 31, 2019.
• The Put-Call ratio stood at 0.89 compared with the previous session’s
close of 0.91.
• The Nifty Put-Call ratio stood at 1.76 compared with the previous
session’s close of 1.43.
• Open interest on Nifty Futures stood at 20.59 million as against the
previous session’s close at 18.79 million.
• Bond yields declined with plunge in crude oil prices and slowdown in
the domestic economic growth. This raised expectations of monetary
easing with the market anticipating a rate cut at the upcoming monetary
policy meeting.
• Yield on the 10-year benchmark paper (7.26% GS 2029) decreased 5
bps to 6.98% compared with the previous close of 7.03% after trading in
a range of 6.94% to 7.01%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,341 crore (gross) on Jun 3, 2019, compared
with Rs. 9,956 crore (gross) as on May 31, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 12,091
crore on May 31, 2019.
• The Indian rupee rose against the greenback following gains in the
domestic equity market and fall in global crude oil prices. The rupee
closed at 69.26 a dollar, up 0.60% compared with the previous close of
69.68.
• The euro rose against the U.S. dollar after data showed that the U.S.
Manufacturing PMI fell to 52.1 in May 2019 from 52.8 in Apr 2019. The
euro was last seen trading at 1.1205, up 0.34% compared with the
previous close of 1.1167.
• Gold prices continued to edge higher after U.S. increased tariffs on
Mexican imports.
• Brent crude prices plunged with deepening trade worries between
U.S. and China. This raised concerns over global growth and dampens
the demand outlook for oil.
• According to survey data from IHS Markit/Chartered Institute of
Procurement & Supply, U.K. manufacturing Purchasing Managers' Index
(PMI) unexpectedly plunged to 49.4 in May 2019 from 53.1 in Apr 2019.
Overseas customers are switching their supply chains away from the
U.K. due to uncertainty of Brexit.
• According to survey data from IHS Markit, China's manufacturing PMI
remained steady at 50.2 in May 2019 compared with the previous
month. Despite, escalating trade tension, manufacturing activity
continued to log a moderate growth.
Markets for You
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