05Jun2018
MarketsforYou
GlobalIndices
GlobalIndices 04‐Jun Prev_Day Abs.Change
%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 04‐Jun Prev_Day Abs.Change
%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
4‐Jun 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
Nifty50Top3Gainers
Company 04‐Jun Prev_Day
%Change
#
Dr.Reddy 1996 1941 2. 81
Infosys 1239 1221 1.52
M&M 915 902 1.43
Nifty50Top3Losers DomesticNews
Company 04‐Jun Prev_Day
%Change
#
IndiabullsHFC 1174 1233 ‐4.82
HDFCBank 2046 2111 ‐3.05
BhartiAirtel 372 384 ‐2.97
AdvanceDeclineRatio
BSE NSE
Advances 535 292
Declines 2155 1530
Unchanged 182 66
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐1604
MFFlows** 59556
*4
th
Jun2018;**1
st
Jun2018
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)
05June2018
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
112
125
5.07%
(Jan‐17)
•Indianequitymarketsclosedintheredwithinvestorsbecoming
cautious as the Monetary Policy Committee’s three‐day 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 Small‐Cap 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%,
respectively.
• According to a media report, the Reserve Bank of India (RBI) has
decided to withdraw the special dispensations granted earlier to the
government owned non‐banking 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 round‐tripping 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
sizeofRs3,000crore.Ithadanoptiontoretainoversubscriptionofupto
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 higher‐than‐expected. 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 G‐7 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.
MarketsforYou
FIIDerivativeTradeStatistics 04‐Jun
(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
04‐Jun Prev_Day Change
PutCallRatio(OI) 1.39 1.48 ‐0.08
IndianDebtMarket
PutCallRatio(Vol) 0.90 0.94 ‐0.04
04‐Jun 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%
91DayT‐Bill 6.48% 6.25% 6.23% 6.24%
364DayT‐Bill 6.06% 6.19% 6.60% 6.39%
10YearGilt 7.88% 7.74% 7.73% 6.62%
G‐SecVol.(Rs.Cr) 18363 35810 14125 50720
CurrencyMarketUpdate
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%
CommodityMarketUpdate
Currency 04‐Jun 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
InternationalNews
JPY/INR 0.61 0.62 0.00
Commodity 04‐Jun 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
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
05June2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• 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.
•ThePut‐Call ratio stood at 0.78 against previous session’s close of 0.83.
• The Nifty Put‐Call 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
Committee(MPC)maydecidetoincreasetheinterestratestocurb
inflation. The MPC meeting has started its three‐day meeting from Jun 4.
• Yield on the 10‐year 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
31.
• 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 non‐residential 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
Apr.
MarketsforYou
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