13 Jun 2019
Markets for You
Global Indices
Global Indices 12-Jun Prev_Day Abs. Change
% Change
#
Dow Jones 26,005 26,049 -44 -0.17
Nasdaq 7,793 7,823 -30 -0.38
FTSE 7,368 7,398 -31 -0.42
Nikkei 21,130 21,204 -75 -0.35
Hang Seng 27,308 27,789 -481 -1.73
Indian Indices 12-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 39,757 39,950 -194 -0.48
Nifty 50 11,906 11,966 -59 -0.50
Nifty 100 11,989 12,054 -64 -0.53
Nifty Bank 30,966 31,265 -300 -0.96
SGX Nifty 11,919 11,983 -65 -0.54
S&P BSE Power 1,993 2,010 -17 -0.82
S&P BSE Small Cap 14,549 14,619 -70 -0.48
S&P BSE HC 13,045 13,128 -83 -0.63
Date P/E Div. Yield P/E Div. Yield
12-Jun 28.39 1.20 29.45 1.22
Month Ago 28.44 1.23 28.14 1.17
Year Ago 23.51 1.13 27.60 1.22
Nifty 50 Top 3 Gainers
Company 12-Jun Prev_Day
% Change
#
Tata Steel 506 493 2.71
GAIL 310 306 1.32
ONGC 171 169 0.95
Nifty 50 Top 3 Losers Domestic News
Company 12-Jun Prev_Day
% Change
#
Indiabulls HFC 621 675 -7.93
Bharti Infratel 273 283 -3.50
Yes Bank 135 140 -3.44
Advance Decline Ratio
BSE NSE
Advances 998 694
Declines 1522 1124
Unchanged 159 99
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 78204
MF Flows** 1808
*12
th
Jun 2019; **11
th
Jun 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
3.05%
(May-19)
4.87%
(May-18)
IIP
3.40%
(Apr-19)
4.50%
(Apr-18)
GDP
5.80%
(Mar-19)
8.10%
(Mar-18)
13 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
Sensex
Nifty
1.60%
(Jan-19)
6.60%
(Dec-18)
Quarter Ago
Inflow/Outflow
144
302
2.57%
(Feb-19)
• Indian equity markets closed in the red on weak global cues after U.S.
President warned Chinese Premier that the White House would impose
another round of tariff on the Chinese imports. Further, reports that a
major housing finance company has misappropriated thousands of crores
of public money muted buying interest. Also, investors remained cautious
ahead of the consumer price inflation and index of industrial production
data for May and Apr 2019 scheduled later in the day.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.48% and
0.50% to close at 39,756.81 and 11,906.20, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap fell 0.79% and 0.48%, respectively.
• The overall market breadth on BSE was weak with 1,522 scrips declining
and 998 scrips advancing. A total of 159 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Realty stood as the major loser and
fell 1.94%, followed by S&P BSE Telecom that fell 1.55%. S&P BSE Capital
Goods and S&P BSE Auto fell 1.15% and 1.12%, respectively. S&P BSE
Bankex and S&P BSE Finance fell 1.01% and 0.93% respectively.
• Government data showed that India’s Index of Industrial Production (IIP)
growth rose 3.4% YoY in Apr 2019 as against revised growth of 0.4%
(decline of 0.1% originally reported) in Mar 2019 and increase of 4.5% in
Apr 2018. The current reading is highest in seven months. The electricity,
mining and manufacturing sector rose 6%, 5.1% and 2.8% in Apr 2019
compared with a rise of 2.1%, 3.8% and 4.9% a year ago, respectively.
• India’s consumer inflation accelerated to 3.05% YoY in May 2019 from
upwardly revised growth of 2.99% (originally reported 2.92%) in Apr 2019
but slowed compared with 4.87% in May 2018. Food inflation grew 1.83%
in May 2019 compared with a growth of 1.10% in Apr 2019 and a growth
of 3.10% in the same month of the previous year. Vegetables inflation also
accelerated to 5.46% YoY from 2.87% in Apr 2019. Pulses and products
inflation rose 2.13% YoY in May 2019 from decline of 0.89% in the
previous month.
• As per media reports, government is planning a new labour legislation
by merging 44 labour laws under four categories-- wages, social security,
industrial safety & welfare, and industrial relations. The laws related to
social security will be merged to create a single social security law or code.
Laws related to wages will be combined to create one wage law and same
for laws related to industrial safety & welfare, and industrial relations. The
proposed new labour law will help investors and is expected to accelerate
growth.
• As per media reports, the government will take measures to restrict
imports of defective or sub-standard steel to help domestic
manufacturers. As per the report, the local players prefer imports of
defective or sub-standard steel as it is cheaper. Further, it was decided to
provide steel at affordable prices to engineering exporters as the domestic
steel makers charge huge margins from them.
• Asian markets traded lower following escalating trade tension between
U.S. and China. Weak Chinese producer price inflation data for May also
weighed on the sentiments, although consumer price inflation accelerated
during the same period. Today (as of June 13), Asian markets opened
lower following losses in the Wall Street. Investors are expected to remain
focused on violent clashes between protesters and riot police over a
controversial extradition bill in Hong Kong. Nikkei and Hangseng fell 0.28%
and 0.72%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed lower amid intensifying
trade tensions between U.S. and China. Further, reports that European
Union is closer to taking disciplinary action over Italy's growing debt
weighed on the market sentiment.
• As per the last close, U.S markets closed lower as lingering trade
concerns weighed on the market sentiment. U.S. President reportedly
stated that he had no interest in moving ahead with China unless it agreed
on some major points. Weakness in tech and banking shares weighed on
the indices.
Markets for You
FII Derivative Trade Statistics 12-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 3232.03 2282.27 20386.83
Index Options 194189.26 193330.98 57622.97
Stock Futures 10292.76 9729.86 86451.22
Stock Options 3994.79 4005.77 4687.36
Total 211708.84 209348.88 169148.38
12-Jun Prev_Day
Change
Put Call Ratio (OI) 1.33 1.49 -0.17
Indian Debt Market
Put Call Ratio(Vol) 0.80 0.97 -0.17
12-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 5.69% 5.87% 5.95% 6.10%
T-Repo 5.60% 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 5.92% 6.05% 6.43% 6.53%
364 Day T-Bill 6.12% 6.16% 6.50% 6.98%
10 Year Gilt 7.01% 7.02% 7.41% 7.97%
G-Sec Vol. (Rs.Cr) 48770 44224 25102 21448
Currency Market Update
FBIL MIBOR* 5.80% 5.95% 6.07% 6.15%
3 Month CP Rate 6.65% 6.75% 7.70% 7.75%
5 Year Corp Bond 8.04% 8.01% 8.57% 8.79%
1 Month CD Rate 6.06% 6.15% 6.78% 7.07%
3 Month CD Rate 6.44% 6.43% 7.29% 7.17%
1 Year CD Rate 7.32% 7.16% 7.63% 8.40%
Commodity Market Update
Currency 11-Jun Prev_Day
Change
USD/INR 69.42 69.46 -0.04
GBP/INR 88.04 88.27 -0.23
EURO/INR 78.58 78.55 0.03
International News
JPY/INR 0.64 0.64 0.00
Commodity 12-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 51.08 53.45 61.60 66.38
Brent Crude($/bl) 63.10 65.00 72.07 73.95
Gold( $/oz) 1333 1325 1286 1296
Gold(Rs./10 gm) 32590 32407 31751 30858
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
13 June 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Jun 2019 Futures were at 11,916.70, a premium of 10.50 points,
above the spot closing of 11,906.20. The turnover on NSE’s Futures and
Options segment increased to Rs. 11,29,362.76 crore on Jun 12, 2019,
compared with Rs. 9,24,246.40 crore on Jun 11, 2019.
• The Put-Call ratio stood at 0.88 compared with the previous session’s
close of 0.93.
• The Nifty Put-Call ratio stood at 1.33 compared with the previous
session’s close of 1.49.
• Open interest on Nifty Futures stood at 19.78 million, compared with
the previous session’s close of 20.34.
• Bond yields declined as crude oil prices fell due to weak demand
sentiments and a surprise rise of U.S. crude inventory. In addition, market
participants’ expectation of a lower inflation rate for May 2019 compared
with the central bank’s target also eased the yield.
• Yield on the 10-year benchmark paper (7.26% GS 2029) declined 3 bps
to 7.01% compared with the previous close of 7.04% after trading in a
range of 6.99% to 7.03%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,347 crore (gross) on Jun 12, 2019, compared
with Rs. 4,362 crore (gross) as on Jun 11, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 10,151
crore on Jun 11, 2019.
• RBI conducted 7-day variable rate reverse repo auction for a notified
amount of Rs. 20,000 crore for which Rs. 2,490 crore was accepted at a
cut-off yield of 5.74%.
• The Indian rupee rose against the greenback with fall in crude oil prices
due to weak demand sentiments. Besides, likely inflow of foreign funds
too supported the local currency.
• The euro inched down against the greenback on escalating U.S.-China
trade feud after the U.S. President declared of hiking tariffs in case trade
talks with China at the G20 summit show no progress. This weighed on
the market sentiment and adversely impacted the common currency.
• Gold prices were up against the greenback on rising uncertainty over
Sino-U.S. trade development.
• Brent crude prices weakened on feeble demand sentiments amid a
slowing Chinese economy.
• According to a report released by the Labor Department, U.S. producer
price index rose 0.2% in May 2019, same as Apr 2019. The marginal
increase came as higher prices for services were partly offset by a sharp
pullback in energy prices.
• According to a report by the National Bureau of Statistics, China’s
consumer price inflation (CPI) rose 2.7% YoY in May following 2.5% rise in
Apr 2019. The increase came due to rise in food prices inflation by 7.7%
from 6.1% a month ago. However, on monthly basis, consumer prices
remained unchanged in May.
Markets for You
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