GlobalIndices 04Jun Prev_Day Abs.Change
DowJones 24,814 24,635 178 0.72
Nasdaq 7,606 7,554 52 0.69
FTSE 7,741 7,702 40 0.51
Nikkei 22,476 22,171 305 1.37
HangSeng 30,998 30,493 505 1.66
IndianIndices 04Jun Prev_Day Abs.Change
S&PBSESensex 35,012 35,227 215 0.61
Nifty50 10,629 10,696 68 0.63
Nifty100 10,940 11,014 74 0.67
NiftyBank 26,258 26,693 435 1.63
SGXNifty 10,616 10,684 68 0.63
S&PBSEPower 2,041 2,089 48 2.32
S&PBSESmallCap 16,624 16,979 355 2.09
S&PBSEHC 12,886 12,945 59 0.46
Date P/E Div.Yield P/E Div.Yield
4Jun 22.83 1.15 26.92 1.24
MonthAgo 23.50 1.16 26.36 1.21
YearAgo 22.65 1.30 24.43 1.18
Company 04Jun Prev_Day
Dr.Reddy 1996 1941 2. 81
Infosys 1239 1221 1.52
M&M 915 902 1.43
Nifty50Top3Losers DomesticNews
Company 04Jun Prev_Day
IndiabullsHFC 1174 1233 4.82
HDFCBank 2046 2111 3.05
BhartiAirtel 372 384 2.97
Advances 535 292
Declines 2155 1530
Unchanged 182 66
Description(Cr) YTD
FIIFlows* 1604
MFFlows** 59556
YoY(%) Current YearAgo
Sensex Nifty
cautious as the Monetary Policy Committee’s threeday meeting begins
today. Meanwhile, massive foreign fund outflow from the domes tic
markets in May kept market participants jittery. According to data from
the National Securities Depository Ltd., net sales of foreign portfolio
investors of domestic stocks came in at Rs. 10,060.03 crore in May as
against net sale of Rs. 5,552.21 crore, recorded in the previous month.
Key benchmark indices S&P BSE Sensex and Nifty 50 slipped 0.61% and
0.63% to close at 35,011.89 and 10,628.50, respectively. S&P BSE Mid
Cap and S&P BSE SmallCap fell 0.82% and 2.09%, respectively.
The overall market breadth on BSE was weak with 2,155 scrips declining
and 535 scrips advancing. A total of 182 scrips remained unchanged.
On the BSE sectoral front, majority of the indices closed in the red. S&P
BSE Realty was the major loser, down 3.25%, followed by S&P BSE Power
and S&P BSE Telecom, which fell 2.32% and 1.95%, r espectively. S&P BSE
Consumer Durables and S&P BSE Utilities slipped 1 .83% and 1.66%,
According to a media report, the Reserve Bank of India (RBI) has
decided to withdraw the special dispensations granted earlier to the
government owned nonbanking financial corporations (NBFCs). As an
alternative, it h as prepared a specified roadmap which will help the
NBFCs to meet the norms o n capital adequacy, provisioning and
corporate governance.
As per media reports, government o f India has framed rules in d etail to
clear all foreign direct investment (FDI) proposals. The action is being
taken to fasten the approvals and to bring more transparency. The rules
formed will state how to deal with all allegations related to security,
corruption, directors, tax cases, money laundering and roundtripping of
funds, environment, and accidents.
According to Civil Aviation Minister of India, air travel is gradually
becoming affordable for everyone. This was stated after country’s
average air fares reported decline of 18% in 2017 over 2015 and the
number of passengers flown by domestic carriers recorded a
compounded annual growth rate (CAGR) of 19% in FY18 over FY14.
The government of India has cleared certain confusions by stating that
the ‘free services’ offered by banks to customers will not attract goods
and service tax (GST) and that ATM machines does not require GST
registration. The government also clarified that derivatives, forward and
futures contracts ar e not s ubject to GST, o nly service charges or
brokerage would come under GST regime.
DHFL has raised more than Rs. 10,944 crore through public issue of
bonds w hich had open for subscription in May 2018. Public issue of non
convertible debentures had opened on May 22, 2018 and had an issue
Rs. 9,000 crore, aggregating up to Rs 12,000 crore.
According to the media reports, a major credit rating agency has
downgraded the Viability Rating of Punjab National Bank from “bb“to
“b and maintained its negative on r ating watch. The downgrade reflects
significant deterioration in the ba nks standalone credit profile due to
decline in its core capital ratio.
Asian markets mostly traded up on positive economic data that instilled
confidence in the world’s largest economy, as both the U.S. jobs data and
manufacturing data for May 2018 came higherthanexpected. Optimism
on upcoming summit between U.S. President and North Korea further
boosted sentiments. Today (As of June 05), Asian markets opened on a
mixed note following gains on the Wall Street overnight and on lingering
trade concerns ahead of the G7 meeting. While Nikkei was trading higher
0.12%, Hang Seng index was lower 0.15% (as at 8 a.m. IST).
As per the last close, European market rose modestly as investor
sentiment received a boost on continued easing of political tensions in
Spain and Italy. Also prospect of some activity on the Merger and
Acquisition front, further support the upside.
As per the l ast close, U.S markets continued to move up following
better than expected U.S. nonfarm payroll data for M ay 2018. However,
market participants ignored bigger than forecasted fall in U.S. factory
orders in Apr 2018.
FIIDerivativeTradeStatistics 04Jun
(RsCr) Buy Sell OpenInt.
IndexFutures 2865.55 3080.06 14264.84
IndexOptions 62971.28 61237.39 54280.16
StockFutures 13011.34 12858.84 78453.69
StockOptions 7287.30 7227.43 4328.90
Total 86135.47 84403.72 151327.59
04Jun Prev_Day Change
PutCallRatio(OI) 1.39 1.48 0.08
PutCallRatio(Vol) 0.90 0.94 0.04
04Jun Wk.Ago Mth.Ago YearAgo
CallRate 5.87% 5.86% 5.92% 6.05%
CBLO 5.75% 5.86% 5.93% 6.04%
Repo 6.00% 6.00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 6.00%
91DayTBill 6.48% 6.25% 6.23% 6.24%
364DayTBill 6.06% 6.19% 6.60% 6.39%
10YearGilt 7.88% 7.74% 7.73% 6.62%
GSecVol.(Rs.Cr) 18363 35810 14125 50720
FBILMIBOR 6.00% 6.05% 6.00% 6.24%
3MonthCPRate 8.10% 8.25% 7.65% 6.70%
5YearCorpBond 8.66% 8.68% 8.45% 7.69%
1MonthCDRate 7.21% 6.77% 6.62% 6.23%
3MonthCDRate 7.73% 7.91% 7.17% 6.38%
1YearCDRate 8.25% 8.23% 7.84% 6.80%
Currency 04Jun Prev_Day Change
USD/INR 67.05 67.18 0.13
GBP/INR 89.62 89.14 0.48
EURO/INR 78.36 78.41 0.05
JPY/INR 0.61 0.62 0.00
Commodity 04Jun WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 64.76 67.87 69.66 47.63
BrentCrude($/bl) 73.35 77.14 75.74 48.10
Gold($/oz) 1292 1298 1315 1280
Gold(Rs./10gm) 30716 30901 31003 28757
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 Life 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 such data and information. Some of the 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 arrive 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, consequential, punitive or exemplary damages, including on
Nifty June 2018 Futures were a t 10598.70 points, a discount of 29.80
points, over the spot closing of 10,628.50. The turnover on NSE’s Futures
and Options segment went up to Rs. 6,43,117.05 crore on June 4 from
Rs. 5,12,566.51 crore on June 1.
•ThePutCall ratio stood at 0.78 against previous session’s close of 0.83.
The Nifty PutCall ratio stood at 1.39 against the previous session’s
close of 1.48.
India VIX moved up 1.63% to 13.7925f rom 13.5700 in the previous
trading session.
Open interest on Nifty Futures stood at 20.97 million as against the
previous session’s close at 20.12 million.
Bond yields rose after finance ministry stated that the Monetary Policy
inflation. The MPC meeting has started its threeday meeting from Jun 4.
Yield on the 10year b enchmark paper (7.17% GS 2028) rose 3 bps t o
close at 7.88% from the previous c lose of 7.85%. During the se ssion,
bond yields traded in the range of 7.85% and 7.90%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,753 crore ( gross) on Ju n 4 compared with Rs.
5,669 (gross) on Jun 1. Sale of securities under RBI’s reverse repo
window stood at Rs. 30,139 crore on Jun 1.
Banks borrowed Rs. 60 crore under the central bank’s Marginal
Standing Facility on Jun 1 as against borrowing of Rs. 2,660 crore on May
The Indian rupee inched down against the greenback following losses
in the domestic equity market. The rupee fell 0.08% to close at 67.11 per
dollar from the previous close of 67.06 per dollar.
The euro rose against the greenback as political uncertainty in Italy
eased t o some extent. However, better t han expected U.S. j obs data for
May restricted capped the gains. Euro rose 0.50% and was trading at
$1.1718, up from the previous close of 1.1660.
Gold prices gained on weaker dollar against the euro.
Brent crude prices fell on concerns over supply glut after U.S. crude
production climbed in Mar 2018 to 10.47 million barrels per day (bpd).
A report from the Commerce Department showed that U.S.
construction spending surged 1.8% to an annual rate of $1.310 trillion in
Apr 2018 a s against a decline of 1.7% to a rate of $1.287 trillion in Ma r
2018. The increase reflects surge in spending on private construction,
residential as well as nonresidential construction.
A report from the Institute for Supply Management showed that U.S.
purchasing managers index came in higher than market expectations and
surged to 58.7 in May 2018 from 57.3 in Apr 2018. T he surge partly
reflects increase in the pace of production growth that grew to 61.5 in
May from 57.2 in Apr. Meanwhile, new orders index grew to 63.7 in May
from 61.2 in Apr and employment index grew to 56.3 in May from 54.2 in
Thank you for
your time.