Markets for You
Global Indices
Global Indices 11-Jun Prev_Day Abs. Change
% Change
#
Dow Jones 26,049 26,063 -14 -0.05
Nasdaq 7,823 7,823 -1 -0.01
FTSE 7,398 7,376 23 0.31
Nikkei 21,204 21,134 70 0.33
Hang Seng 27,789 27,579 211 0.76
Indian Indices 11-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 39,950 39,785 166 0.42
Nifty 50 11,966 11,923 43 0.36
Nifty 100 12,054 12,007 47 0.39
Nifty Bank 31,265 31,034 231 0.75
SGX Nifty 11,983 11,928 55 0.46
S&P BSE Power 2,010 2,003 7 0.34
S&P BSE Small Cap 14,619 14,585 34 0.24
S&P BSE HC 13,128 13,091 37 0.29
Date P/E Div. Yield P/E Div. Yield
11-Jun 28.43 1.20 29.59 1.22
Month Ago 28.44 1.23 28.14 1.17
Year Ago 23.37 1.14 27.47 1.22
Nifty 50 Top 3 Gainers
Company 11-Jun Prev_Day
% Change
#
Zee Ente. 346 335 3.24
ONGC 169 165 2.79
Tata Motors 171 166 2.74
Nifty 50 Top 3 Losers Domestic News
Company 11-Jun Prev_Day
% Change
#
Indiabulls HFC 675 733 -8.02
Sun Pharma 390 402 -3.01
M&M 637 647 -1.56
Advance Decline Ratio
BSE NSE
Advances 1131 815
Declines 1428 1020
Unchanged 151 98
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 77902
MF Flows** 1663
*11
th
Jun 2019; **10
th
Jun 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.92%
(Apr-19)
4.58%
(Apr-18)
IIP
-0.10%
(Mar-19)
5.30%
(Mar-18)
GDP
5.80%
(Mar-19)
8.10%
(Mar-18)
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI
from 2010 to 2012
12 June 2019
Indian Equity Market
Indices Performance
P/E Dividend Yield
Sensex
Nifty
2.50%
(Dec-18)
6.60%
(Dec-18)
Quarter Ago
Inflow/Outflow
209
320
2.11%
(Dec-18)
• Indian equity markets closed modestly higher amid gains in rupee
against the greenback and positive global cues. Hopes that the U.S.
Federal Reserve may cut interest in the monetary policy review next
week boosted market sentiment. Reports that Beijing has eased
financing rules to boost local spending on public works, and U.S. has
decided to hold off import tariffs on Mexico acted as a positive catalyst.
Additionally, as per media reports, hopes of continuity in reforms and
strong growth agenda on domestic front, post outcome of elections is
supporting buying interest in the market.
• Investors remained focused on consumer price inflation and index of
industrial production data for May and Apr 2019 scheduled to release on
Jun 12, 2019. Also, the investors are awaiting Union Budget in Jul 2019.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.42% and
0.36% to close at 39,950.46 and 11,965.60, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap grew 0.79% and 0.24%, respectively.
• The overall market breadth on BSE was weak with 1,428 scrips
declining and 1,131 scrips advancing. A total of 151 scrips remained
unchanged.
• According to the Society of Indian Automobile Manufacturers (SIAM),
the passenger vehicle sales declined for a seventh straight month to
2,39,347 units in May 2019 as against 3,01,238 units in the year-ago
month. Domestic car sales fell 26.03% to 1,47,546 units as against
1,99,479 units in May 2018. Motorcycle sales fell 4.89% to 11,62,373
units as against 12,22,164 units a year earlier. Vehicle sales across
categories fell 8.62% to 20,86,358 units from 22,83,262 units in May
2018.
• The Securities and Exchange Board of India (SEBI) in a discussion paper
has proposed an informant mechanism to blow the whistle on insider
trading cases. As per the paper, SEBI will create a separate window for
disclosure where the whistleblowers can submit information of alleged
wrongdoing. Also, genuine whistleblowers could get monetary reward of
Rs. 1 crore as well as amnesty from regulatory action where
disgorgement has been at least ₹5 crore. SEBI hopes that the policy will
improve its conviction rate in cases of insider trading.
• The Reserve Bank of India (RBI) has relaxed norms for Basic Savings
Bank Deposit (BSBD) account popularly known as no-frills account. Banks
are now advised to provide cheque books and other services to basic
account holders. Also, the customers are not require to maintain
minimum balance and get certain minimum facilities for free. These
facilities include, four withdrawals from ATMs in a month, deposit of
cash at bank branch, and ATM Card or ATM-cum-Debit Card. Also there
will be no limit on number and value of deposits that can be made in a
month in BSBDA.
• The Ministry of Statistics and Programme Implementation (MoSPI) said
that they are giving an increased focus on Data Quality and Assurance.
The ministry further said that it is redrafting the National Policy on
Official Statistics and proposing to establish a National Data Warehouse
on Official Statistics, where technology will be leveraged for using Big
Data Analytical tools to improving the quality of macro-economic
aggregates.
Markets for You
• Asian markets edged higher despite U.S. President threatening to
impose new tariff on China if his counterpart does not attend the
upcoming G20 summit. Investors took positive cues from Beijing allowing
the local governments to use proceeds from special bonds as capital for
major projects, including highways, gas and power supply and railways.
Today (as of Jun 12), Asian markets opened mixed following decline in
U.S. Wall Street. Nikkei was trading up 0.12% and Hang Seng was trading
down 0.67% (as at 8.a.m. IST).
• As per the last close, European markets closed higher after China
announced to provide fresh stimulus to support its economy. The move
by China has raised hopes that more central banks across the globe will
come up with measures to support growth. The recent decision by the
U.S. government to drop its plans to tax Mexican goods continued to
support the markets.
• As per the last close, U.S markets closed as investors resorted to profit
booking. Hopes of rate cut by the U.S. Federal Reserve and suspension of
tariffs on all Mexican goods had been boosting the market.
FII Derivative Trade Statistics
11-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 2983.63 3059.16 20237.84
Index Options 212226.57 212028.80 55214.63
Stock Futures 10806.43 10575.10 86312.07
Stock Options 4430.62 4577.45 4573.79
Total 230447.25 230240.51 166338.33
11-Jun Prev_Day
Change
Put Call Ratio (OI) 1.49 1.36 0.13
Indian Debt Market
Put Call Ratio(Vol) 0.97 0.95 0.01
11-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 5.70% 5.87% 5.95% 6.04%
T-Repo 5.67% 5.79% 5.96% 6.06%
Repo 5.75% 6.00% 6.00% 6.25%
Reverse Repo 5.50% 5.75% 5.75% 6.00%
91 Day T-Bill 5.95% 6.05% 6.43% 6.55%
364 Day T-Bill 6.03% 6.16% 6.50% 6.98%
10 Year Gilt 7.04% 7.02% 7.41% 7.96%
G-Sec Vol. (Rs.Cr) 51147 44224 25102 23449
Currency Market Update
FBIL MIBOR* 5.80% 6.00% 6.05% 6.11%
3 Month CP Rate 6.65% 6.75% 7.70% 7.75%
5 Year Corp Bond 8.08% 8.01% 8.57% 8.75%
1 Month CD Rate 5.68% 6.15% 6.78% 7.17%
3 Month CD Rate 6.31% 6.43% 7.29% 7.76%
1 Year CD Rate 7.25% 7.16% 7.63% 8.39%
Commodity Market Update
Currency 10-Jun Prev_Day
Change
USD/INR 69.46 69.30 0.16
GBP/INR 88.27 88.02 0.24
EURO/INR 78.55 78.07 0.49
International News
JPY/INR 0.64 0.64 0.00
Commodity 11-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 53.68 53.45 61.60 66.10
Brent Crude($/bl) 65.25 65.00 72.07 73.67
Gold( $/oz) 1324 1325 1286 1300
Gold(Rs./10 gm) 32331 32407 31751 30781
Source: Thomson Reuters Eikon
*As on previous trading day
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Derivative Statistics- Nifty Options
12 June 2019
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Jun 2019 Futures were at 11,976.95, a premium of 11.35 points,
above the spot closing of 11,965.60. The turnover on NSE’s Futures and
Options segment decreased to Rs. 9,24,246.40 crore on Jun 11, 2019,
compared with Rs. 9,48,238.46 crore on Jun 10, 2019.
• The Put-Call ratio stood at 0.93 compared with the previous session’s
close of 0.99.
• The Nifty Put-Call ratio stood at 1.49 compared with the previous
session’s close of 1.36.
• Open interest on Nifty Futures stood at 20.34 million, compared with
the previous session’s close of 19.53.
• Bond yields eased as market participants resorted to value buying
ahead of the release of the country’s retail inflation data for May 2019.
Speculations are high that the inflation data would come in below the
central bank’s target.
• Yield on the 10-year benchmark paper (7.26% GS 2029) declined 4 bps
to 7.04% compared with the previous close of 7.08% after trading in a
range of 7.04% to 7.10%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,362 crore (gross) on Jun 11, 2019, compared
with Rs. 8,872 crore (gross) as on Jun 10, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 10,408
crore on Jun 10, 2019.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on Jun 10, 2019 compared with borrowings of Rs. 2,654 crore on
Jun 7, 2019.
• The Indian rupee rebound tracking gains seen by Chinese yuan and
regional peers following comments of China’s central banks.
• The euro inched down against the greenback as market participants
remained on the sidelines ahead of release of key U.S. consumer price
inflation data and retail sales data for May-19 for further cues. Persisting
worries regarding the ongoing U.S. China trade war also weighed on the
market sentiment. However, most of the losses were restricted after
U.S. reached a deal with Mexico to avoid imposing tariffs on the latter.
• Gold prices were down as market participants’ attention moved to the
upcoming G20 summit slated for end Jun 2019.
• Brent crude prices were steady on expectations of a tight supply
scenario with OPEC and allies planning to extend their production cut
plan in the second half of the year.
• According to a survey data by Sentix, eurozone investor confidence fell
by 8 points to -3.3 in Jun 2019 from +5.3 in May. This was due to
increased trade tensions between the US and China.
• According to the Bank of Japan, the country’s M2 money stock rose
2.7% YoY in May 2019 coming in at 1,029.8 trillion yen as against
downwardly revised 2.5% increase in Apr 2019. The M3 money stock
rose 2.3% to 1,361.7 trillion yen following the 2.2% rise in the previous
month. The L money stock rose 1.9% YoY to 1,803.2 trillion yen as
against 2.0% in Apr.
Markets for You
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