13 Jun 2018
Markets for You
Global Indices
Global Indices 12-Jun Prev_Day Abs. Change
% Change
#
Dow Jones 25,321 25,322 -2 -0.01
Nasdaq 7,704 7,660 44 0.57
FTSE 7,704 7,737 -34 -0.43
Nikkei 22,878 22,804 74 0.33
Hang Seng 31,103 31,064 39 0.13
Indian Indices 12-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,693 35,483 209 0.59
Nifty 50 10,843 10,787 56 0.52
Nifty 100 11,177 11,116 61 0.54
Nifty Bank 26,607 26,454 154 0.58
SGX Nifty 10,860 10,790 70 0.64
S&P BSE Power 2,057 2,053 5 0.24
S&P BSE Small Cap 17,066 16,973 92 0.54
S&P BSE HC 13,756 13,493 262 1.94
Date P/E Div. Yield P/E Div. Yield
12-Jun 23.51 1.13 27.60 1.22
Month Ago 23.62 1.14 26.82 1.19
Year Ago 22.49 1.32 24.25 1.19
Nifty 50 Top 3 Gainers
Company 12-Jun Prev_Day
% Change
#
Lupin 855 810 5.62
Dr.Reddy 2191 2083 5.16
Aurobindo Pharma 596 576 3.31
Nifty 50 Top 3 Losers Domestic News
Company 12-Jun Prev_Day
% Change
#
Bharti Airtel 381 389 -2.10
Hindalco 241 245 -1.66
Eicher Motors 29208 29677 -1.58
Advance Decline Ratio
BSE NSE
Advances 1435 1038
Declines 1237 752
Unchanged 134 89
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -3129
MF Flows** 60485
*12
th
Jun 2018; **8
th
Jun 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
4.87%
(May-18)
2.18%
(May-17)
IIP
4.90%
(Apr-18)
3.20%
(Apr-17)
GDP
7.70%
(Mar-18)
6.10%
(Mar-17)
13 June 2018
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
Nifty
7.40%
(Jan-18)
7.00%
(Dec-17)
Quarter Ago
Inflow/Outflow
-88
-1194
4.44%
(Feb-18)
• The Consumer Price Index (CPI)-based inflation or retail inflation grew
4.87% in May 2018, up from 4.58% in Apr 2018 and from 2.18% in May
2017. This marked a four-month high. The increase reflects increase in
prices of fruits and vegetables by 12.33% and 8.04%, respectively.
However, prices of pulses and products, sugar and confectionery, declined
11.57% and 8.12%, respectively. The retail inflation growth remained
above the Reserve Bank of India’s medium-term target of 4% for the
seventh consecutive month. The Consumer Food Price Index also grew
3.10% in May, as against 2.80% in the previous month and -1.05% in the
same month of the previous year.
• India’s Index of Industrial Production (IIP) grew 4.9% in Apr 2018 as
against upwardly revised growth of 4.6% (4.4% originally reported) in Mar
2018 and 3.2% in Apr 2017. The manufacturing sector surged 5.2% in Apr
2018 as against 2.9% growth in Apr 2017. Meanwhile, the mining sector
surged 5.1% in Apr 2018 following 3.0% growth in Apr 2017.
• The Reserve Bank of India has released draft guidelines on loan system
for delivery of bank credit. This comes in the wake of improving discipline
among larger borrowers who take working capital facility from the
banking system. The draft instructs a minimum level of 'loan component'
in fund based working capital finance. It also stipulates a compulsory
Credit Conversion Factor for the undrawn portion of cash credit/
overdraft limits availed by large borrowers.
• Under the Employees’ State Insurance Corporation, for all new recruits,
the labour ministry is planning to pay the employers’ share towards the
health insurance scheme. This comes as one other effort to enable job
creation in the formal sector.
Markets for You
• Indian equity markets witnessed gains following the U.S.-North Korea
summit in Singapore which ended on a positive note and investors expect
a more cordial relationship between the nations. Market particiapnts will
now shift their focus towards upcoming key domestic economic data that
includes Consumer Price Index (CPI) and Index of Industrial Production
(IIP) data, scheduled post market hours on Jun 12 and the Wholesale Price
Index (WPI) inflation data due on Jun 14. Upcoming U.S. Federal Reserve’s
(Fed) policy review kept investors wary.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.59% and
0.52% to close at 35,692.52 and 10,842.85, respectively. S&P BSE Mid-Cap
and S&P BSE Small-Cap gained 0.90% and 0.54% respectively.
• The market breadth on BSE was strong with 1435 scrips advancing and
1237 scrips declining. A total of 134 scrips remained unchanged.
• On the BSE sectoral front, most of the indices closed in the green barring
S&P BSE Metal (-0.56%), S&P BSE Telecom (-0.31%), S&P BSE Basic
Materials (-0.29%) and S&P BSE Utilities (-0.15%). Meanwhile, S&P BSE HC
(1.94%) stood as the major gainer followed by S&P BSE CG (1.19%) and
S&P BSE Industrials (0.81%).
• Asian markets closed in the green as the highly anticipated North Korea-
U.S. Summit culminated in both leaders agreeing to work together to
"build a lasting and stable peace regime on the Korean Peninsula". Today
(as of Jun 13), Asian markets opened mixed as investors were cautious
ahead of policy decisions from key central banks this week. Nikkei was
trading up 0.28% and Hang Seng was trading down 0.43% (as at 8.a.m.
IST).
• As per the last close, European markets closed lower as investors were
cautious ahead of Brexit vote in the House of Commons and policy
decisions from the U.S. Federal Reserve and European Central Bank
scheduled this week.
• As per the last close, U.S markets closed little changed as investors were
awaiting policy decisions from the U.S. Federal Reserve and European
Central Bank scheduled this week.
FII Derivative Trade Statistics 12-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 2328.23 1855.84 19159.16
Index Options 59839.74 59207.15 68975.72
Stock Futures 9713.64 9627.23 83309.17
Stock Options 5159.90 5097.96 7842.66
Total 77041.51 75788.18 179286.71
12-Jun Prev_Day
Change
Put Call Ratio (OI) 1.59 1.54 0.05
Indian Debt Market
Put Call Ratio(Vol) 1.03 0.96 0.07
12-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 6.10% 5.89% 5.92% 6.04%
CBLO 6.12% 5.70% 5.36% 6.18%
Repo 6.25% 6.00% 6.00% 6.25%
Reverse Repo 6.00% 5.75% 5.75% 6.00%
91 Day T-Bill 6.53% 6.45% 6.25% 6.24%
364 Day T-Bill 6.98% 6.00% 6.66% 6.36%
10 Year Gilt 7.97% 7.83% 7.73% 6.52%
G-Sec Vol. (Rs.Cr) 21448 21761 19290 45471
Currency Market Update
FBIL MIBOR 6.21% 5.99% 6.03% 6.25%
3 Month CP Rate 7.75% 8.10% 7.95% 6.68%
5 Year Corp Bond 8.79% 8.62% 8.50% 7.58%
1 Month CD Rate 7.07% 7.55% 6.64% 6.28%
3 Month CD Rate 7.17% 7.91% 7.45% 6.37%
1 Year CD Rate 8.40% 8.26% 7.94% 6.70%
Commodity Market Update
Currency 12-Jun Prev_Day
Change
USD/INR 67.46 67.34 0.12
GBP/INR 90.06 90.37 -0.31
EURO/INR 79.35 79.52 -0.17
International News
JPY/INR 0.61 0.61 0.00
Commodity 12-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 66.38 65.51 70.64 46.05
Brent Crude($/bl) 73.95 72.10 78.36 46.62
Gold( $/oz) 1296 1296 1318 1265
Gold(Rs./10 gm) 30858 30623 31379 28878
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
13 June 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields rose marginally as investors postponed purchases due to
fear of acceleration in retail inflation in May that is due after market
hours. Investors also awaited cues from the U.S. Federal Reserve’s two-
day monetary policy meeting that starts on May 12.
• Yield on the 10-year benchmark paper (7.17% GS 2028) increased 1
bps to close at 7.97% from the previous close of 7.96%. During the
session, bond yields traded in the range of 7.96% and 7.99%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,728 crore (gross) on Jun 12, same as Jun 11.
Sale of securities under Reserve Bank of India’s (RBI) reverse repo
window stood at Rs. 15,386 crore on Jun 11.
• Banks borrowed Rs. 15 crore under the central bank’s Marginal
Standing Facility on Jun 11 as compared with borrowing of Rs. 1,150
crore on Jun 8.
• A report from the Centre for European Economic Research showed
that ZEW Indicator of Economic Sentiment for Germany fell 7.9 points in
Jun 2018 and came in at -16.1 points. This marked the lowest reading
since Sep 2012. The current conditions index of the survey fell 6.8 points
to 80.6 points.
• A report from the Bank of Japan showed that Japan’s producer prices
grew 0.6% on month in May 2018 as against upwardly revised gain of
0.2% (0.1% originally reported) in April 2018. Japan’s producer prices
grew 2.7% on yearly basis in May as against upwardly revised gain of
2.1% (2% originally reported) in Apr.
Markets for You
• The Indian rupee fell against the U.S. dollar as market participants
remained cautious ahead of monetary policy decisions of key central
banks including the U.S. Federal Reserve. The rupee fell 0.09% to close at
67.48 per dollar from the previous close of 67.42.
• Euro changed little against the U.S dollar as market participants
remained cautious ahead of monetary policy decisions of the U.S. Federal
Reserve and European Central Bank this week. Euro was last seen trading
at $1.1788 compared with the previous close of $1.1782.
• Gold prices traded lower due to lack of specific development from the
meeting between U.S. President and North Korean leader.
• Brent Crude prices traded lower after the OPEC stated that there is high
degree of uncertainty in the global market in 2018.
• Nifty June 2018 Futures were at 10839.05 points, a discount of 3.80
points, over the spot closing of 10,842.85. The turnover on NSE’s Futures
and Options segment went up to Rs. 6,13,694.61 crore on June 12 from
Rs. 5,40,038.38 crore on June 11.
• The Put-Call ratio stood at 0.88 against previous session’s close of 0.90.
• The Nifty Put-Call ratio stood at 1.59 against the previous session’s
close of 1.49.
• India VIX moved down 2.59% to 12.8375 from 13.1800 in the previous
trading session.
• Open interest on Nifty Futures stood at 24.73 million as against the
previous session’s close at 24.17 million.
Thank you for
your time.