GlobalIndices 05Jun Prev_Day Abs.Change
DowJones 24,800 24,814 14 0.06
Nasdaq 7,638 7,606 31 0.41
FTSE 7,687 7,741 54 0.70
Nikkei 22,540 22,476 64 0.28
HangSeng 31,093 30,998 95 0.31
IndianIndices 05Jun Prev_Day Abs.Change
S&PBSESensex 34,903 35,012 109 0.31
Nifty50 10,593 10,629 35 0.33
Nifty100 10,893 10,940 47 0.43
NiftyBank 26,251 26,258 7 0.02
SGXNifty 10,597 10,616 19 0.18
S&PBSEPower 2,014 2,041 27 1.32
S&PBSESmallCap 16,220 16,624 404 2.43
S&PBSEHC 12,706 12,886 180 1.40
Date P/E Div.Yield P/E Div.Yield
5Jun 22.71 1.16 26.83 1.25
MonthAgo 23.50 1.16 26.36 1.21
YearAgo 22.65 1.30 24.45 1.18
Company 05Jun Prev_Day
Cipla 542 521 4.11
BajajFinance 2101 2063 1.83
TataSteel 572 566 1.05
Nifty50Top3Losers DomesticNews
Company 05Jun Prev_Day
ZeeEnte. 544 560 2.84
CoalIndia 285 293 2.51
IndiabullsHFC 1145 1174 2.47
Advances 483 308
Declines 2216 1533
Unchanged 107 50
Description(Cr) YTD
FIIFlows* 1375
MFFlows** 59484
YoY(%) Current YearAgo
Sensex Nifty
Indian equity markets closed lower amid cautious stance ahead
conclusion of the Monetary Policy Committee’s policy review meeting,
scheduled on Jun 6. Market sentiments turned sour after final reading of
a private survey showed that the service sector contracted in Ma y.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.31% and
0.33% to close at 34,903. 21 and 10,593.15, respectively. S&P BSE Small
Cap and S&P BSE Mid Cap slipped 2.43% and 1.20%, respectively.
The overall market breadth on BSE was weak with 2,216 scrips declining
and 483 scrips advancing. A total of 107 scrips remained unchanged.
On the BSE sectoral front, barring S&P BSE Energy and S&P BSE Oil &
Gas, all the indices closed in the red. S&P BSE Telecom was the major
laggard, down 3.08%, followed by S&P BSE Capital Goods and S&P BSE
Industrials, which fell 1.96% and 1.80%, respectively. S&P BSE Teck and
S&P BSE IT slipped 1.58% and 1.52%, respectively.
The Nikkei/IHS Markit Services Purchasing Managers’ Index (PMI) fell to
49.6 in May 2018 from 51.4 in Apr 2018. It contracted for the first time in
three months in May 2018 as new business orders stagnated and cost
pressures intensified due to increase in crude oil prices. The composite
PMI that includes both manufacturing and services sectors stood at 50.4
in May from 51.9 in Apr.
According to media reports, probably India is planning to create a
centralised Authority for Advance Rulings (AAR) for the goods and
services tax (GST). The announcement came in after different verdicts on
similar issues created confusion over its application and the rate of tax.
According to the Governor of the Reserve Bank of India (RBI), the U.S.
Federal Reserve (Fed) should slow down its pace in contraction of its
balance sheet, else, treasuries will absorb a large share of dollar liquidity.
This will further lead to a crisis in the rest of the dollar bond markets.
IL&FS has announced its partnership with VBHC Value Homes to
develop affordable housing projects across various states of the country.
Idea Cellular has received approval from the department of
telecommunications (DoT) to inc rease foreign direct investment (FDI)
limit to 100% in Vodafone Idea, merged entity of Vodafone India and Idea
Airtel Payment Bank is not permitted to use Aadhaarlinked, Know Your
Customer authentication as the Reserve Bank of India is due to submit a
report on the bank’s allegations. As per the allegations, the payment bank
has transfered government subsidy on LPG cylinders subsidies to
accounts of Bharti Airtel Telecom customers without the approval.
upcoming G7 summit as well as meeting between North Korea and U.S..
Lower commodity prices further weighed on sentiments. However,
improved Chinese service sector data and positive cues from overnight
U.S. market provided some support. Today (As of June 06), Asian markets
opened on a mixed note following similar movement on the Wa ll Street
overnight. Both Nikkei and Hang Seng index were trading higher 0.08%
and 0.56%, respectively (as at 8 a.m. IST).
As per the last close, European market closed on a mixed session after
moving in a sideways pattern during the session. Rise in technology
stocks was neutralized by fall in banking s hares.
As per the last close, U.S markets remained mixed after showing lack of
direction during the session on uncertainty about the nearterm outlook
for t he markets a mid U.S. trade tensions. I nvestors ignored upbeat data
on ISM based U.S. services sector of May 2018.
FIIDerivativeTradeStatistics 05Jun
(RsCr) Buy Sell OpenInt.
IndexFutures 3599.06 3045.57 14443.08
IndexOptions 68440.24 68883.96 58084.43
StockFutures 11832.82 13419.85 79104.90
StockOptions 5374.75 5359.57 5376.64
Total 89246.87 90708.95 157009.05
05Jun Prev_Day Change
PutCallRatio(OI) 1.33 1.39 0.06
PutCallRatio(Vol) 0.89 0.90 0.00
05Jun Wk.Ago Mth.Ago Yea rAgo
CallRate 5.89% 5.89% 5.92% 6.07%
CBLO 5.70% 5.84% 5.93% 6.05%
Repo 6.00% 6.00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 6.00%
91DayTBill 6.45% 6.27% 6.23% 6.21%
364DayTBill 6.00% 6.77% 6.60% 6.29%
10YearGilt 7.83% 7.76% 7.73% 6.65%
GSecVol.(Rs.Cr) 21761 23959 14125 39770
FBILMIBOR 5.99% 6.00% 6.00% 6.25%
3MonthCPRate 8.10% 8.20% 7.65% 6.70%
5YearCorpBond 8.62% 8.62% 8.45% 7.71%
1MonthCDRate 7.55% 6.51% 6.62% 6.28%
3MonthCDRate 7.91% 7.65% 7.17% 6.39%
1YearCDRate 8.26% 8.24% 7.84% 6.80%
Currency 05Jun Prev_Day Change
USD/INR 67.18 67.05 0.13
GBP/INR 89.43 89.62 0.19
EURO/INR 78.54 78.36 0.18
JPY/INR 0.61 0.61 0.00
Commodity 05Jun WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 65.51 66.80 69.66 47.35
BrentCrude($/bl) 72.10 74.80 75.74 47.89
Gold($/oz) 1296 1298 1315 1279
Gold(Rs./10gm) 30623 31185 31003 29081
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Nifty June 2018 Futures were at 10,596.45 points, a pre mium of 3.30
points, over the spot closing of 10,593.15. The turnover on NSE’s Futures
and Options segment went down to Rs. 6,15,927.64 crore on June 5 from
Rs. 6,43,117.05 crore on June 4.
•ThePutCall ratio stood at 0.77 against previous session’s close of 0.78.
The Nifty PutCall ratio stood at 1.33 against the previous session’s
close of 1.39.
Open interest on Nif ty Futu res st ood at 21.10 million as a gainst the
previous session’s close at 20.97 million.
Bond yields fell on hopes that the Monetary Police Committee (MPC)
might keep interest rates on hold in the monetary policy meeting due on
May 6 as it may wait to see how monsoon pans out.
•Yieldonthe10y ear benchmark paper ( 7.17% GS 2028) fell 5 bps to
close at 7.83% from the previous close of 7.88%. During the session,
bond yields traded in the range of 7.82% and 7.87%.
Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stoo d at Rs. 3,661 crore (gross) on Jun 5 compared with Rs.
3,753 (gross) on Jun 4. Sale of securities under RBI’s reverse repo
window stood at Rs. 77,125 crore on Jun 4.
Banks did not borrow under the central bank’s Marginal Standing
Facility on Jun 4 as against borrowing of Rs. 60 crore on Jun 1.
RBI conducted a 14day variable rate repo auction for a notified
amount of Rs. 22,000 crore for which Rs. 22,005 crore was allotted at a
cutoff rate of 6.01%.
The Indian rupee inched down against the greenback as market
participants awaited the outcome of the second bimonthly monetary
policy review of FY19 due Jun 6, 2018. The rupee fell 0.05% to close at
67.15 per dollar from the previous close of 67.11 per dollar.
The euro fell against the greenback as the investor risk sentiment
dampened on increasing concerns of a global trade war. Euro fell 0.25%
and was trading at $1.1669, down 0.25% from the previous close of
investors remained cautious ahead of upcoming G7summitaswellas
meeting between North Korea and U.S.
Brent crude prices fell ahead of U.S. crude oil inventories data.
According to a report from the Commerce Department, U.S. factory
orders declined 0.8% in Apr 2018 as against an upwardly revised gain of
1.7% (1.6% gain originally reported) in Mar 2018. The decline reflects
steep fall in orders for durable goods of 1.6% in Apr as against an
increase of 2.7% in Mar 2018.
A report from the Eurostat showed that Eurozone retail sales inched up
0.1% MoM in Apr 2018, down from 0.4% gain i n Mar 2018. Sales of food,
drinks and tobacco fell 0.7% and nonfood product sales grew 1.7%.
A report from the IHS Markit showed that U.K.’s IHS Markit/Chartered
Institute of Procurement & Supply Purchasing Managers' Index
surpassed market expectations and grew to 54.0 in May 2018 as against
an increase of 52.8 in Apr 2018.
Thank you for
your time.