11 Jun 2019
Markets for You
Global Indices
Global Indices 10-Jun Prev_Day Abs. Change
% Change
Dow Jones 26,063 25,984 79 0.30
Nasdaq 7,823 7,742 81 1.05
FTSE 7,376 7,332 44 0.59
Nikkei 21,134 20,885 250 1.20
Hang Seng 27,579 26,965 613 2.27
Indian Indices 10-Jun Prev_Day Abs. Change
% Change
S&P BSE Sensex 39,785 39,616 169 0.43
Nifty 50 11,923 11,871 52 0.44
Nifty 100 12,007 11,957 50 0.42
Nifty Bank 31,034 31,067 -33 -0.10
SGX Nifty 11,928 11,916 12 0.10
S&P BSE Power 2,003 1,995 8 0.38
S&P BSE Small Cap 14,585 14,657 -73 -0.49
S&P BSE HC 13,091 13,039 52 0.40
Date P/E Div. Yield P/E Div. Yield
10-Jun 28.27 1.20 29.49 1.22
Month Ago 28.44 1.23 28.14 1.17
Year Ago 22.91 1.15 27.27 1.23
Nifty 50 Top 3 Gainers
Company 10-Jun Prev_Day
% Change
Tech Mahindra 768 751 2.32
TCS 2232 2182 2.28
Infosys 754 739 1.95
Nifty 50 Top 3 Losers Domestic News
Company 10-Jun Prev_Day
% Change
BPCL 390 403 -3.31
Yes Bank 136 140 -2.86
Coal India 259 266 -2.35
Advance Decline Ratio
Advances 985 701
Declines 1636 1143
Unchanged 162 98
Institutional Flows (Equity)
Description (Cr)
FII Flows* 77581
MF Flows** 1254
Jun 2019; **7
Jun 2019
Economic Indicator
YoY(%) Current Year Ago
11 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
Quarter Ago
Indian equity markets gained on positive global cues. The U.S.
administration said it has "indefinitely suspended" tariffs on all Mexican
goods, ending investors’ worries over the trade war engulfing more
countries. Also, China's exports unexpectedly gained in May 2019 in spite
of the higher U.S. tariffs.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.43% and
0.44%, respectively, to close at 39,784.52 and 11,922.70, respectively. S&P
BSE Mid-Cap gained 0.11% and S&P BSE Small Cap lost 0.49%.
The overall market breadth on BSE was weak with 985 scrips advancing
and 1636 scrips declining. A total of 162 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Information Technology was the
major gainer, up 1.78%, followed by S&P BSE Teck, up 1.61%, and S&P BSE
Fast Moving Consumer Goods, up 1.1%. S&P BSE Capital Goods and S&P
BSE Telecom gained 0.74% and 0.61%, respectively. S&P BSE Oil & Gas was
the major loser, down 1.2%, followed by S&P BSE Energy and S&P BSE
Finance, down 0.38% and 0.22%, respectively.
The Reserve Bank of India (RBI) came out with revised norms regarding
resolution of non-performing assets or stressed assets. According to the
new norms, RBI mandated that in case a borrower defaults on its
payments, banks need to conduct a prima facie review of the borrower’s
account within 30 days from the date of default. During this period, banks
may decide as to what resolution strategy it needs to adopt and how it will
be implemented. Banks can also initiate legal proceedings for insolvency
or recovery. Earlier RBI mandated banks to recognize stressed assets
immediately on default which was rejected by the Supreme Court on
grounds that the time given by RBI was insufficient to tackle bad debt.
According to a major global credit rating agency, RBI’s new framework
for resolution of stressed assets is credit positive for the Indian economy
as it harps on timely resolution of non-performing assets and building up
provisions against such bad assets. However, the credit rating agency also
warned that slower than expected progress under the Insolvency and
Bankruptcy Code may hinder the imely resolution of non performing
assets and thus the cleanup of the balance sheets of banks may take
another two to three years.
According to media reports, the Ministry of Micro, Small and Medium
Enterprises (MSMEs) is considering up setting up enterprise facilitation
centres across the country. The objective of the move is to make MSMEs
more competitive by providing them assistance and helping them
integrate with the big enterprises. Such enterprises will provide
information to MSMEs and detect difficulties that are faced by them. All
this will help MSMEs in reducing the risk and secure funding from banks.
The Commerce and Industry Minister expressed concerns over the
slowdown in global trade and investment as it has an impact on the
economic growth of the country. The minister on a separate not also
advocated for a reciprocal market access for Indian products.
Markets for You
Asian markets edged higher as weak U.S. jobs data continued to boost
speculation over probable rate cut by U.S. Federal Reserve. Buying interest
found additional support after U.S. President announced that the
government would drop plans for tariffs on Mexico in return for more
stringent efforts to control illegal border crossings. Today (as of Jun 11),
Asian markets opened higher following overnight gains in U.S. Wall Street
after U.S. President suspended tariffs on all Mexican goods. Both Nikkei
and Hang Seng were trading up 0.18% and 0.05%, respectively (as at
8.a.m. IST).
As per the last close, European markets closed higher after U.S.
President indefinitely suspended tariffs on all Mexican goods. Unexpected
growth in China’s export for the month of May 2019 despite higher U.S.
tariffs further boosted the markets.
As per the last close, U.S markets closed higher after U.S. President
announced that no tariffs would be imposed on Mexican goods as U.S. and
Mexico have reached a deal.
FII Derivative Trade Statistics 10-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 2978.60 3265.88 20805.09
Index Options 208836.10 208384.34 53655.65
Stock Futures 12487.66 12180.47 85898.03
Stock Options 5251.77 5195.98 4284.18
Total 229554.13 229026.67 164642.95
10-Jun Prev_Day
Put Call Ratio (OI) 1.36 1.32 0.04
Indian Debt Market
Put Call Ratio(Vol) 0.95 0.86 0.09
10-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 5.69% 5.85% 5.95% 6.02%
T-Repo 5.71% 5.79% 5.96% NA
Repo 5.75% 6.00% 6.00% 6.25%
Reverse Repo 5.50% 5.75% 5.75% 6.00%
91 Day T-Bill 5.87% 6.04% 6.43% 6.45%
364 Day T-Bill 6.02% 6.13% 6.50% 6.99%
10 Year Gilt 7.08% 6.98% 7.41% 7.95%
G-Sec Vol. (Rs.Cr) 56839 75172 25102 36801
Currency Market Update
FBIL MIBOR* 5.80% 6.00% 6.05% 6.11%
3 Month CP Rate 6.65% 6.75% 7.70% 7.80%
5 Year Corp Bond 8.11% 7.95% 8.57% 8.75%
1 Month CD Rate 5.68% 6.32% 6.78% 7.12%
3 Month CD Rate 6.37% 6.38% 7.29% 7.09%
1 Year CD Rate 7.15% 7.04% 7.63% 8.39%
Commodity Market Update
Currency 07-Jun Prev_Day
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 0.64 0.64 -0.31
Commodity 10-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 53.28 53.20 61.60 65.77
Brent Crude($/bl) 65.75 64.45 72.07 74.20
Gold( $/oz) 1328 1325 1286 1298
Gold(Rs./10 gm) 32527 32206 31751 31027
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
11 June 2019
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Jun 2019 Futures were at 11,933.80, a premium of 11.10 points,
above the spot closing of 11,922.70. The turnover on NSE’s Futures and
Options segment increased to Rs. 9,48,238.46 crore on Jun 10, 2019,
compared with Rs. 9,43,058.86 crore on Jun 7, 2019.
The Put-Call ratio stood at 0.99 compared with the previous session’s
close of 0.85.
The Nifty Put-Call ratio stood at 1.36 compared with the previous
session’s close of 1.32.
Open interest on Nifty Futures stood at 19.53 million, same as in the
previous session’s close.
Bond yields saw a steep surge with rise in crude oil prices after the
Organization of the Petroleum Exporting Countries (OPEC) expressed
their intentions to extend the production cut beyond Jun 2019 to support
the commodity’s price.
Yield on the 10-year benchmark paper (7.26% GS 2029) rose 11 bps to
7.08% compared with the previous close of 6.97% after trading in a range
of 6.97% to 7.08%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 8,872 crore (gross) on Jun 10, 2019, compared
with Rs. 7,117 crore (gross) as on Jun 7, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 24,416
crore on Jun 7, 2019.
Banks borrowed Rs. 2,654 crore under the central bank’s Marginal
Standing Facility on Jun 7, 2019 compared with borrowings of Rs. 2,231
crore on Jun 6, 2019.
The Indian rupee depreciated against the greenback after state-run
banks stepped up dollar purchases following surge in crude oil prices.
The euro was down after U.S. and Mexico found a resolution to their
tariff war, which boosted dollar and weighed on the single currency. In
addition, European Central Bank’s discussion on a policy rate cut should
the bloc economy slowdown also adversely impacted the common
Gold prices were down following China’s better-than-expected trade
numbers amid the ongoing U.S.-China trade conflict.
Brent crude prices extended gains from the prior session, receiving
support from OPEC and its allies’ production cut stance, which is expected
to extend beyond Jun 2019.
A report from the U.S. Federal Reserve showed that consumer credit in
U.S. grew more than expected in Apr-19. Consumer credit surged up by
$17.5 billion in Apr-19 after climbing by an upwardly revised $11.0 billion
in Mar-19 ($10.3 billion increase originally reported for the previous
Data from the People's Bank of China showed that China's foreign
exchange reserves increased in May. Foreign exchange reserves grew $6
billion to $3.101 trillion in May.
Markets for You
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