Markets for You
Global Indices
Global Indices 07-Jun Prev_Day Abs. Change
% Change
#
Dow Jones 25,984 25,721 263 1.02
Nasdaq 7,742 7,616 127 1.66
FTSE 7,332 7,260 72 0.99
Nikkei 20,885 20,774 111 0.53
Hang Seng Closed 26,965 NA NA
Indian Indices 07-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 39,616 39,530 86 0.22
Nifty 50 11,871 11,844 27 0.23
Nifty 100 11,957 11,933 24 0.20
Nifty Bank 31,067 30,857 209 0.68
SGX Nifty 11,916 11,885 32 0.27
S&P BSE Power 1,995 2,010 -15 -0.75
S&P BSE Small Cap 14,657 14,673 -16 -0.11
S&P BSE HC 13,039 13,108 -69 -0.53
Date P/E Div. Yield P/E Div. Yield
7-Jun 28.16 1.21 29.36 1.23
Month Ago 28.16 1.21 28.73 1.14
Year Ago 23.12 1.14 27.27 1.23
Nifty 50 Top 3 Gainers
Company 07-Jun Prev_Day
% Change
#
Bharti Infratel 280 274 2.25
IndusInd Bank 1552 1523 1.94
Tech Mahindra 751 738 1.73
Nifty 50 Top 3 Losers Domestic News
Company 07-Jun Prev_Day
% Change
#
Dr.Reddy 2581 2657 -2.88
Yes Bank 140 143 -2.44
Power Grid 192 195 -1.89
Advance Decline Ratio
BSE NSE
Advances 1038 710
Declines 1452 1125
Unchanged 131 100
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 77966
MF Flows** 1174
*7
th
Jun 2019; **6
th
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)
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI from
2010 to 2012
10 June 2019
Indian Equity Market
Indices Performance
P/E Dividend Yield
Sensex
Nifty
7.10%
(Dec-17)
7.00%
(Dec-17)
Quarter Ago
Inflow/Outflow
-403
-1566
5.07%
(Jan-17)
• Indian equity markets managed to end in the green in a volatile session.
The sentiment remained subdued after the Reserve Bank of India a day
before had reduced its growth forecast for the economy and not given any
direction on the liquidity crunch in the system. Positive global cues
supported the markets as media reports suggested that U.S. and Mexico
are nearing a trade deal.
• Key benchmark indices S&P BSE Sensex and Nifty 50 increased 0.22%
and 0.23% to close at 39,615.90 and 11,870.65, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap fell 0.17% and 0.11%, respectively.
• The overall market breadth on BSE was weak with 1,038 scrips
advancing and 1,452 scrips declining. A total of 131 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Telecom was the major gainer, up
0.79%, followed by S&P BSE Finance and S&P BSE Consumer Durables, up
0.66% and 0.64%, respectively. S&P BSE Utilities was the major loser,
down 1.29%, followed by S&P BSE Power and S&P BSE Energy, which fell
0.75% and 0.57%, respectively. S&P BSE Realty and S&P BSE Healthcare
fell 0.53% each.
• The Reserve Bank of India (RBI) has issued revised circular on resolution
of stressed loans. On Apr 2, 2019, the Supreme Court had squashed RBI’s
Feb 12, 2018 circular whereby it had made compulsory for the lenders to
initiate resolution or restructuring of loans even if the default was
recorded for a single day. It has now revised 1-day default norm. It has
now stated that the lenders should review the accounts within 30 days of
default and initiate a resolution plan before the default. Further, as per
the revised circular, lenders should follow a policy approved by the board
for resolution of bad loans. It has now permitted approval of 75% of
creditors for the resolution as against earlier norm of 100%. Also, it has
been made compulsory that an inter-creditor agreement should be signed
by all lenders, that will provide for a majority decision making criteria and
the lenders will have complete discretion to design, implement resolution
plan.
• The Reserve Bank of India (RBI) mandated the minimum leverage ratio at
3.5% for all Indian banks and 4% for systemically important banks. The
objective of the move is to maintain financial stability of the country and
maintain synchronisation with Basel III standards. Instructions regarding
the same would be issued by the end of Jun 2019.
• According to the media reports, Niti Ayog has identified more than 50
assets including land and industrial plants of state-owned enterprises that
could be put on the block. A government official stated that they are
looking at the asset monetisation and Niti Ayog has shared a list with the
Department of Investment and Public Asset Management. The official
stated that the list will help the admi
• According to Exim Bank, merchandise exports are likely to grow at a low
2.5% to $84 billion in the quarter ended Jun 30, 2019. Non-oil exports are
expected to grow 4.2% to $73 billion in the same period.
nistrative ministries in beginning the sale process.
Markets for You
• Asian equity markets gained after media reports stated that U.S. could
delay tariffs on Mexican imports. Sentiment was supported as investors
looked forward to the U.S. jobs data for May 2019, scheduled to be
released later in the day. The data would give markets some clue on the
prospects for a near-term interest rate cut by the U.S. Federal Reserve.
Today (as of Jun 10), Asian markets opened higher after U.S. President
announced that no tariffs would be imposed on Mexican goods as U.S. and
Mexico have reached a deal. Both Nikkei and Hang Seng were trading up
0.98% and 0.94%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed higher amid chances of
rate cut by the U.S. Federal Reserve following disappointing jobs data in
May 2019. Also, hopes that the U.S. will delay imposition of tariffs on
Mexican goods further added to the gains.
• As per the last close, U.S markets closed higher as disappointing jobs
data for the month of May 2019 increased the chances of rate cut by the
U.S. Federal Reserve in the near term.
FII Derivative Trade Statistics 07-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 4026.31 5499.57 21166.51
Index Options 380490.89 375499.83 52575.67
Stock Futures 16081.25 16292.21 86608.68
Stock Options 5605.05 5634.65 3991.67
Total 406203.50 402926.26 164342.53
07-Jun Prev_Day
Change
Put Call Ratio (OI) 1.32 1.05 0.28
Indian Debt Market
Put Call Ratio(Vol) 0.86 0.86 0.01
07-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 5.69% 5.92% 5.94% 6.03%
T-Repo 5.74% 5.94% 5.81% 5.95%
Repo 5.75% 6.00% 6.00% 6.25%
Reverse Repo 5.50% 5.75% 5.75% 6.00%
91 Day T-Bill 5.91% 6.10% 6.43% 6.48%
364 Day T-Bill 6.05% 6.23% 6.49% 6.99%
10 Year Gilt 6.97% 7.03% 7.38% 7.99%
G-Sec Vol. (Rs.Cr) 48346 86184 37555 43352
Currency Market Update
FBIL MIBOR 5.80% 6.00% 6.05% 6.11%
3 Month CP Rate 6.60% 6.80% 7.80% 7.80%
5 Year Corp Bond 7.91% 8.00% 8.50% 8.75%
1 Month CD Rate 5.77% 6.38% 6.88% 7.11%
3 Month CD Rate 6.13% 6.47% 7.22% 7.26%
1 Year CD Rate 7.12% 7.20% 7.44% 8.38%
Commodity Market Update
Currency 06-Jun Prev_Day
Change
USD/INR 69.30 69.32 -0.03
GBP/INR 88.02 87.87 0.17
EURO/INR 78.07 77.82 0.32
International News
JPY/INR 63.92 0.64 9868.81
Commodity 07-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 53.90 53.44 61.36 65.96
Brent Crude($/bl) 65.54 68.02 70.87 74.32
Gold( $/oz) 1340 1305 1284 1297
Gold(Rs./10 gm) 32607 32056 31496 30690
Source: Thomson Reuters Eikon
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Derivative Statistics- Nifty Options
10 June 2019
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Jun 2019 Futures were at 11,900.75, a premium of 30.10 points,
above the spot closing of 11,870.65. The turnover on NSE’s Futures and
Options segment decreased to Rs. 9,43,058.86 crore on Jun 7, 2019,
compared with Rs. 24,74,906.96 crore on Jun 6, 2019.
• The Put-Call ratio stood at 0.85 compared with the previous session’s
close of 0.80.
• The Nifty Put-Call ratio stood at 1.32 compared with the previous
session’s close of 1.05.
• Open interest on Nifty Futures stood at 19.53 million as against the
previous session’s close at 20.23 million.
• Bond yields rose after market participant resorted to profit booking and
crude oil prices surged. In addition, the weekly debt auction increased the
overall supply and pushed the yield higher.
• Yield on the 10-year benchmark paper (7.26% GS 2029) rose 4 bps to
6.97% compared with the previous close of 6.93% after trading in a range
of 6.95% to 6.99%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 7,117 crore (gross) on Jun 7, 2019, compared
with Rs. 4,256 crore (gross) as on Jun 6, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 18,387
crore on Jun 6, 2019.
• Banks borrowed Rs. 2,231 crore under the central bank’s Marginal
Standing Facility on Jun 6, 2019 compared with borrowings of Rs. 1,950
crore on Jun 4, 2019.
• The Indian rupee was initially up in early hours of trade on dollar
weakness. However, the domestic currency relinquished all gains on
dollar demand by importers. The rupee closed at 69.47 a dollar, down
0.30% compared with the previous close of 69.27.
• The euro was marginally down following the European Central Bank’s
policy review where it ruled out all hopes of policy rate hike in the
upcoming year. The euro was last seen trading at 1.1265, down 0.08%
compared with the previous close of 1.1274.
• Gold prices were steady to marginally lower ahead of the release of the
U.S. job report.
• Brent crude prices extended gains from the prior session on support
from OPEC and its allies’ who signalled an extension of their production
cut plan through the second half of the year.
• Institute for Supply Management report showed an increase in its non-
manufacturing index. The ISM non-manufacturing index climbed to 56.9
in May after falling to 55.5 in Apr 2019, with a reading above 50 indicating
growth in service sector activity. The increase by the non-manufacturing
index beat expectations.
• The European Central Bank (ECB) expects its interest rates to remain
unchanged for a longer period than forecast earlier as downside risks to
the euro area outlook intensify amid escalating global trade tensions. The
Governing Council, led by ECB President, left the key interest rates
unchanged.
Markets for You
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