Markets for You
Global Indices
Global Indices 05-Jun Prev_Day Abs. Change
% Change
#
Dow Jones 25,540 25,332 207 0.82
Nasdaq 7,575 7,527 48 0.64
FTSE 7,220 7,214 6 0.08
Nikkei 20,776 20,409 368 1.80
Hang Seng 26,895 26,762 134 0.50
Indian Indices 04-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 40,084 40,268 -184 -0.46
Nifty 50 12,022 12,089 -67 -0.55
Nifty 100 12,123 12,191 -68 -0.56
Nifty Bank 31,589 31,654 -65 -0.20
SGX Nifty 12,072 12,108 -36 -0.30
S&P BSE Power 2,020 2,020 0 0.01
S&P BSE Small Cap 14,911 14,938 -28 -0.19
S&P BSE HC 13,293 13,426 -133 -0.99
Date P/E Div. Yield P/E Div. Yield
4-Jun 28.76 1.19 29.73 1.21
Month Ago 28.86 1.18 29.24 1.12
Year Ago 22.83 1.15 26.92 1.24
Nifty 50 Top 3 Gainers
Company 04-Jun Prev_Day
% Change
#
Yes Bank 153 149 2.24
Bharti Infratel 274 269 1.95
NTPC 135 133 1.47
Nifty 50 Top 3 Losers Domestic News
Company 04-Jun Prev_Day
% Change
#
Zee Ente. 346 360 -3.75
Hero Moto 2753 2840 -3.08
TCS 2183 2242 -2.64
Advance Decline Ratio
BSE NSE
Advances 1085 781
Declines 1472 1060
Unchanged 184 110
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 79396
MF Flows** 2209
*4
th
Jun 2019; **3
rd
Jun 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)
06 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
-320
2351
5.07%
(Jan-17)
• Indian equity markets closed in the red ahead of a public holiday as
investors resorted to profit booking after the benchmark indices reached
record highs in the previous session. Investors remained cautious ahead of
the second bi-monthly policy decision on Jun 06, 2019. Further, weakness
in Asian markets on concerns over global growth amid intensifying U.S.
and China trade war weighed on the indices. However, reports that
government may infuse approximately Rs. 40,000 crore into state-run
lenders in 2019-2020 restricted the losses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.46% and
0.55% to close at 40,083.54 and 12,021.65, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap fell 0.22% and 0.19%, respectively.
• The overall market breadth on BSE was weak with 1,472 scrips declining
and 1,085 scrips advancing. A total of 184 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Information Technology stood as the
major loser and fell 1.63%, followed by S&P BSE Teck that fell 1.50%.
However, S&P BSE Capital goods stood as the major gainer and grew
0.43%, followed by S&P BSE Utilities that grew 0.35%.
• According to the media reports, the government is expected to infuse
approximately Rs. 40,000 crore into state-run lenders in 2019-20 as it
working on strengthening of their balance sheets to enable them to boost
lending. The announcement is expected in the budget on Jul 5, 2019.
• According to the media reports, the Goods and Services Tax Council is
likely expected to meet in the first half of Jun 2019 and is expected to
likely take up rationalisation of rates in the textile sector in line with the
global markets. This would be the first meet after elections. According to a
government official, one of several issues that requires immediate
attention is removal of irregularities in tax rates in the textile sector as
differential rates is creating difficulties, especially with respect to refund
to exporters.
• According to the media reports, India is estimated to have produced
283.37 million tonnes of food grains during 2018-19, up 17.62 million
tonnes than the previous five years’ (2013-14 to 2017-18) average
production of food grain. However, the output is lower by 1.64 million
tonnes from 2017-18’s food grains output of 285.01 million tonnes. The
country is likely to have a record output of 115.63 million tonnes and
101.20 million tonnes of rice and wheat, thereby marking the highest
output ever.
• Bank loans to government-run firms have been exempted by the
Reserve Bank of India (RBI) from the sphere of rules governing the large
exposure limit. Besides being in sync with international norms, the move
will capture exposures and concentration risk more precisely. Bank
exposures where the principal and interest are fully guaranteed by the
government and the intra-day interbank exposures and exposures to
borrowers to whom limits are authorised for food credit will also be
exempted. These rules have come into effect from Apr 1, 2019. RBI has
also stated that the sum of all the exposure values of a bank to a single
counterparty must not be more than 20% of the bank’s available eligible
capital base at all times. However, in exceptional cases, bank boards may
permit an additional 5% exposure of the bank’s available eligible capital
base.
• Asian markets set aside the concerns over the U.S.-China trade war and
took positive cues from the U.S. Fed's chief’s comments on taking
appropriate action to sustain expansion. The comment raised hopes for a
probable rate cut by U.S. central bank. Investors are also expecting that
U.S. President may withdraw its tariff hike plan on Mexico. Today (as of
June 06), Asian markets opened modestly higher following gains in the
Wall Street in the last session as investors expect U.S. Fed to cut interest
rates in 2019. Nikkei grew 0.14% while Hangseng fell 0.15% (as at 8.a.m.
IST).
• As per the last close, European markets closed almost higher amid hopes
that the U.S. Federal Reserve (Fed) will cut interest rates in 2019 to
support economic expansion. However, reports that European Union has
stated that it will launch disciplinary procedures against Italy over its rising
debt, restricted the gains.
• As per the last close, U.S markets closed almost higher amid optimism
that the U.S. Fed will lower interest rates in 2019. However, reports from
ADP showing weak private sector job growth in May restricted the gains.
Markets for You
FII Derivative Trade Statistics 04-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 5794.90 3499.08 20179.94
Index Options 171347.99 170214.68 51700.63
Stock Futures 13336.28 11977.48 88684.99
Stock Options 4394.19 4437.43 3601.48
Total 194873.36 190128.67 164167.04
04-Jun Prev_Day
Change
Put Call Ratio (OI) 1.54 1.76 -0.22
Indian Debt Market
Put Call Ratio(Vol) 0.96 1.03 -0.07
04-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 5.87% 5.87% 6.03% 5.87%
T-Repo 5.79% 5.96% 5.83% 5.75%
Repo 6.00% 6.00% 6.00% 6.00%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.05% 6.17% 6.44% 6.48%
364 Day T-Bill 6.16% 6.29% 6.51% 6.06%
10 Year Gilt 7.02% 7.15% 7.39% 7.88%
G-Sec Vol. (Rs.Cr) 44224 62378 29579 18363
Currency Market Update
FBIL MIBOR* 5.95% 6.00% 6.18% 6.00%
3 Month CP Rate 6.75% 6.85% 7.70% 8.10%
5 Year Corp Bond 7.98% 8.16% 8.48% 8.65%
1 Month CD Rate 6.15% 6.47% 7.03% 7.21%
3 Month CD Rate 6.43% 6.62% 7.23% 7.73%
1 Year CD Rate 7.16% 7.20% 7.64% 8.25%
Commodity Market Update
Currency 04-Jun Prev_Day
Change
USD/INR 69.29 69.43 -0.14
GBP/INR 87.83 87.71 0.12
EURO/INR 78.00 77.56 0.44
International News
JPY/INR 64.21 64.13 0.08
Commodity 05-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 51.52 58.79 61.93 65.51
Brent Crude($/bl) 63.58 71.83 72.09 72.10
Gold( $/oz) 1330 1279 1279 1296
Gold(Rs./10 gm)^ 32407 31710 31220 30716
Source: Thomson Reuters Eikon
*As on previous trading day
Disclaimer:
^As on 04-June-19
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
06 June 2019
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
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Jun 2019 Futures were at 12,056.15, a premium of 34.50 points,
above the spot closing of 12,021.65. The turnover on NSE’s Futures and
Options segment dropped to Rs. 9,48,525.56 crore on Jun 4, 2019,
compared with Rs. 17,16,927.30 crore on Jun 3, 2019.
• The Put-Call ratio stood at 0.94 compared with the previous session’s
close of 0.89.
• The Nifty Put-Call ratio stood at 1.54 compared with the previous
session’s close of 1.76.
• Open interest on Nifty Futures stood at 20.17 million as against the
previous session’s close at 20.59 million.
• Bond yields rose as market participants resorted to profit booking
ahead of the impending monetary policy meeting to take advantage of
the recent surge in bond prices. The market is keeping tabs on RBI’s
liquidity stance for further cues.
• Yield on the 10-year benchmark paper (7.26% GS 2029) increased 4 bps
to 7.02% compared with the previous close of 6.98% after trading in a
range of 6.97% to 7.02%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 5,286 crore (gross) on Jun 4, 2019, compared
with Rs. 4,341 crore (gross) as on Jun 3, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 18,533
crore on Jun 3, 2019.
• The Indian rupee remained unchanged against the greenback as early
gains from the U.S. Federal Reserve’s comment indicating a possible rate
cut were nullified by dollar purchases by state-run banks.
• The euro rose against the U.S. dollar as the latter weakened after the
U.S Fed chairman indicated a rate cut soon in the year amid the ongoing
trade tension with China.
• Gold prices edged higher against the greenback as the later weakened
after the Federal Reserve chairman indicated of a rate cut soon.
• Brent crude prices slipped following a surprise inventory build in the
U.S., as reported by the American Petroleum Institute.
• According to a report by the Institute for Supply Management, U.S.
Purchasing Managers' Index (PMI) unexpectedly edged down to 52.1 in
May 2019, lowest since Oct 2016, from 52.8 in Apr 2019. The decrease
was due to fall in supplier deliveries and inventory index.
• According to preliminary estimates from Eurostat, euro zone’s inflation
fell to 1.2% in May 2019 as against 1.7% in Apr 2019. Core inflation eased
to 0.8% in May from 1.3% in Apr.
• According to the Bank of Japan, the monetary base of the country rose
3.6% YoY in May 2019 coming to 510.808 trillion yen. Banknotes in
circulation and coins in circulation gained 4.6% and 2.3% YoY,
respectively.
Markets for You
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