07Jun2018
MarketsforYou
GlobalIndices
GlobalIndices 06‐Jun Prev_Day Abs.Change
%Change
#
DowJones 25,146 24,800 346 1.40
Nasdaq 7,689 7,638 51 0.67
FTSE 7,712 7,687 26 0.33
Nikkei 22,626 22,540 86 0.38
HangSeng 31,259 31,093 166 0.53
IndianIndices 06‐Jun Prev_Day Abs.Change
%Change
#
S&PBSESensex 35,179 34,903 276 0.79
Nifty50 10,685 10,593 92 0.86
Nifty100 10,997 10,893 104 0.96
NiftyBank 26,368 26,251 117 0.44
SGXNifty 10,703 10,597 106 1.00
S&PBSEPower 2,043 2,014 29 1.45
S&PBSESmallCap 16,467 16,220 248 1.53
S&PBSEHC 12,859 12,706 153 1.20
Date P/E Div.Yield P/E Div.Yield
6‐Jun 22.92 1.15 27.06 1.23
MonthAgo 23.50 1.16 26.36 1.21
YearAgo 22.53 1.31 24.35 1.19
Nifty50Top3Gainers
Company 06‐Jun Prev_Day
%Change
#
Bosch 18959 17912 5.84
BhartiAirtel 380 364 4.24
TataMotors 296 285 3.76
Nifty50Top3Losers DomesticNews
Company 06‐Jun Prev_Day
%Change
#
TechMahindra 692 701 ‐1.35
HPCL 311 315 ‐1.26
AsianPaints 1263 1274 ‐0.85
AdvanceDeclineRatio
BSE NSE
Advances 1640 1221
Declines 994 588
Unchanged 123 61
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐1470
MFFlows** 59484
*6
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)
07June2018
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
134
5.07%
(Jan‐17)
• Indian equity markets commenced on a cautious note, however it got
support towards the end after the Monetary Policy Committee (MPC)
maintained neutral stance in the second bi‐monthly policy meeting of
FY19. Meanwhile, M PC hiked repo rate by 25 bps that came in line with
market expectations. Further, MPC has upwardly revised the expectations
for agriculture and allied activities on the supply side driven by higher
production of food grains and h orticulture. It also indicated a positive
scenario for monsoons.
• Positive cues from glo bal front, following improved U.S. economic data,
instilled c onfidence among investors.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.79% and
0.86% to close at 35,178.88 and 10,684.65, respectively.
• On the BSE sectoral front, S&P BSE Telecom was the major gainer, up
3.02% followed by S&P BSE Consumer Durables and S&P BSE Metal t hat
grew 2.32% and 1.72%, respectively. S&P BSE Auto and S&P B S E
Industrials grew 1 .57% and 1.55%, r espectively. S&P BSE Realty and S&P
BSE Power grew 1.47% and 1.45%. Rate sensitive sectors got support
from MPC’s decision.
• The Monetary Policy Committee (MPC), in its second bi‐monthly policy
review for 2018‐19, has increased the key policy repo rate by 25 basis to
6.25% and retained its “neutral” stance. Consequently, the reverse repo
rate increased to 6.00% from 5.75%, and the marginal standing facility
(MSF) rate and bank rate each grew to 6.50% from 6.25%. All the six
policymakers were in favour of the policy rate increase of 25 bps.
• MPC expects inflation after taking into account the house rent
allowances (HRAs) in the range of 4.8%‐4.9% in first half of FY19 as
against previous expectation of 4.7%‐5.1%. Excluding HRA impact,
inflation is expected to be 4 .60% in first half of FY19 as against previous
expectation of 4.4%‐4.7%. In the second half, inflation is expected to be
4.70% as against previous expectation of 4.40%, including as well
excluding HRA impact.
• MPC retained its expectation for gross domestic product (GDP) growth
at 7.4% in FY19. It is expected in the range of 7.5% to 7.6% for the fi rs t
half as against previous expectation of 7.3%‐7.4% and in the range of
7.3%‐7.4% for second half as against previous expectation of 7.3%‐7.6%.
• Merger of IDFC Bank and Capital First has received approval from the
Reserve Bank of India. The two companies will now require approval from
the shareholders and the National Company Law Tribunal. Capital First
Home Finance and Capital First Securities will also be merged with the
bank.
• JLL Spark, a subsidiary of JLL, has launched JLL Spark Global Venture
Fund. The fund will invest up to $100 million in tech s tart‐up companies
focussing on real estate development.
• Cadila Healthcare announced that the U.S. healthcare regulator has
finished the inspection of its wholly‐owned subsidiary, Alidac
Pharmaceuticals, with no observations.
• Asian markets traded up on weaker yen and improved crude oil prices
along with better‐than‐expected key economic data in U.S. However,
investors remained cautious of upcoming policy rate decision by the
Federal Reserve and persistent trade tension between U.S. and China.
Today (As of June 07), Asian markets opened higher following rise on the
Wall Street overnight. Both Nikkei and Hang Seng index were trading
higher 0.87% and 0.47%, respectively (as at 8 a.m. IST).
• As per the last close, European market mostly rose but restricted gains
at the end. Concerns of big spending plans and other changes proposed
by Italy’s new coalition government will increase t he country's debt
burden played a spoilsport. Also weak start on the Wall Street played a
role in the late weakness.
• As per the last close, U.S markets went up strongly due to rise in
financial stocks following decline in U.S. Treasury prices. Treasury prices
dropped after European Central Bank chief economist indicated that the
central bank will discuss ending its bond purchasing program at a meeting
next week.
MarketsforYou
FIIDerivativeTradeStatistics 06‐Jun
(RsCr) Buy Sell OpenInt.
IndexFutures 2892.08 3390.98 15392.86
IndexOptions 74570.83 75336.76 60517.12
StockFutures 12840.41 13668.58 79500.38
StockOptions 5922.83 5903.45 6043.88
Total 96226.15 98299.77 161454.24
06‐Jun Prev_Day Change
PutCallRatio(OI) 1.40 1.33 0.07
IndianDebtMarket
PutCallRatio(Vol) 0.90 0.89 0.01
06‐Jun Wk.Ago Mth.Ago YearAgo
CallRate 5.88% 5.90% 5.92% 6.10%
CBLO 5.71% 5.84% 5.93% 6.19%
Repo 6.25% 6.00% 6.00% 6.25%
ReverseRepo 6.00% 5.75% 5.75% 6.00%
91DayT‐Bill 6.52% 6.40% 6.23% 6.28%
364DayT‐Bill 6.99% 6.90% 6.60% 6.40%
10YearGilt 7.92% 7.78% 7.73% 6.64%
G‐SecVol.(Rs.Cr) 25056 23584 14125 38503
CurrencyMarketUpdate
FBILMIBOR 5.96% 5.99% 6.00% 6.25%
3MonthCPRate 7.80% 7.90% 7.65% 6.68%
5YearCorpBond 8.72% 8.59% 8.45% 7.71%
1MonthCDRate 7.35% 6.82% 6.62% 6.29%
3MonthCDRate 7.54% 7.33% 7.17% 6.40%
1YearCDRate 8.32% 8.25% 7.84% 6.82%
CommodityMarketUpdate
Currency 06‐Jun Prev_Day Change
USD/INR 67.04 67.18 ‐0.14
GBP/INR 89.95 89.43 0.52
EURO/INR 78.68 78.54 0.14
InternationalNews
JPY/INR 0.61 0.61 0.00
Commodity 06‐Jun WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 64.75 68.24 69.66 48.08
BrentCrude($/bl) 72.32 76.18 75.74 47.75
Gold($/oz) 1296 1301 1315 1294
Gold(Rs./10gm) 30660 30924 31003 29323
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
07June2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty June 2018 Futures were at 10686.25 points, a premium of 1.60
points, over the s pot closing of 10,684.65. The turnover on NSE’s Futures
and Options segment went up to Rs. 8,29,823.12 crore on June 6 from
Rs. 6,15,927.64 crore on June 5.
•ThePut‐Call ratio stood at 0.78 against previous session’s close of 0.77.
• The Nifty Put‐Call ratio stood at 1.40 against the previous session’s
close of 1.33.
• Open interest on Nifty Futures stood at 21.39 million as against the
previous session’s close at 21.10 million.
• Bond yields surged after the Monetary Policy Committee (MPC) hiked
key interest rate for the first time since Jan 2014. MPC increased repo
rates b y 25 basis points to 6.25%.
• Yield on t he 10‐year benchmark paper (7.17% GS 2028) rose 9 bps to
close at 7.92% from the previous close of 7.83%. During the session,
bond yields traded in the range of 7.82% and 7.93%.
• RBI conducted the auction of 91‐, 182‐ and 364‐days Treasury Bills f or
the notified amount of Rs. 7,000 crore, Rs. 4,000 crore and Rs. 4,000
crore, respectively. The cut‐off for 91‐, 182‐ and 364‐days T‐Bill stood at
Rs. 98.40 (6.52%), Rs. 96.71 (6.82%) and Rs. 93.48 (6.99%), respectively.
• RBI has announced the rate of interest on the Floating Rate Bonds,
2031 (FRB 2031) applicable for the half y ear Jun 7, 2018 to Dec 6 , 2018 at
6.79% per annum.
• The Indian rupee rose against the greenback after the Monetary Policy
Committee retained its neutral stance on monetary policy even though it
increased key policy rate by 25 bps. The rate hike was already factored in
by market participants.
• The euro surged against the greenback amid reports that the European
Central Bank may tighten its monetary stimulus program as euro zone
inflation was rising back to its target.
• Gold prices inched up on weak dollar against the euro.
• Brent crude prices gained ahead of the U.S. crude oil inventories data
from the U.S. Energy Information Administration (EIA). Additionally, the
American Petroleum Institute said that U.S. oil inventories fell by 2
million barrels last week.
• According to a report released by the Institute for Supply
Management, the U.S. non‐manufacturing index rose more than
expected to 58.6 in May 2018 from 56.8 in Apr 2018. The more than
expected rise was due to significant increase in business activity i ndex
during the month.
• According to data from IHS Markit, Germany’s construction Purchasing
Managers’ Index rose to 53.9 in May 2018 from 50.9 in Apr 2018.
Amongst its components, both residential and commercial sectors rose
in May, while civil engineering activity fell.
MarketsforYou
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