14 Jun 2018
Markets for You
Global Indices
Global Indices 13-Jun Prev_Day Abs. Change
% Change
Dow Jones 25,201 25,321 -120 -0.47
Nasdaq 7,696 7,704 -8 -0.11
FTSE 7,704 7,704 0 0.00
Nikkei 22,966 22,878 88 0.38
Hang Seng 30,725 31,103 -378 -1.22
Indian Indices 13-Jun Prev_Day Abs. Change
% Change
S&P BSE Sensex 35,739 35,693 47 0.13
Nifty 50 10,857 10,843 14 0.13
Nifty 100 11,186 11,177 9 0.08
Nifty Bank 26,643 26,607 36 0.13
SGX Nifty 10,848 10,860 -12 -0.11
S&P BSE Power 2,052 2,057 -5 -0.26
S&P BSE Small Cap 17,029 17,066 -37 -0.21
S&P BSE HC 13,835 13,756 80 0.58
Date P/E Div. Yield P/E Div. Yield
13-Jun 23.42 1.14 27.54 1.22
Month Ago 23.62 1.14 26.82 1.19
Year Ago 22.49 1.32 24.27 1.19
Nifty 50 Top 3 Gainers
Company 13-Jun Prev_Day
% Change
Dr.Reddy 2256 2191 3.00
Cipla 582 567 2.65
TCS 1824 1781 2.42
Nifty 50 Top 3 Losers Domestic News
Company 13-Jun Prev_Day
% Change
Tata Steel 568 580 -2.14
Aurobindo Pharma 585 596 -1.79
Adani Ports & SEZ 383 389 -1.56
Advance Decline Ratio
Advances 1272 856
Declines 1414 940
Unchanged 148 81
Institutional Flows (Equity)
Description (Cr)
FII Flows* -1472
MF Flows** 61325
Jun 2018; **12
Jun 2018
Economic Indicator
YoY(%) Current Year Ago
14 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
Quarter Ago
Under Credit Linked Subsidy Scheme, the government has raised the
carpet area of houses eligible for subsidy by 33% for the Middle-Income
Group (MIG) segment. This comes as a major boost to affordable
housing. The carpet area has been increased from up to 120 square
metre to up to 160 square metre for MIG I, and from up to 150 square
metre to up to 200 square metre for MIG II. The raise is expected to
permit more MIG customers to qualify for subsidy and avail the benefits
provided under Pradhan Mantri Awas Yojana (Urban).
National Stock Exchange has launched 'Tri-Party Repo Market' platform
in its debt segment. The platform is expected to facilitate repurchase
(repo) of corporate debt securities. The platform is a kind of repo
contract, wherein a third entity known as tri-party agent (apart from the
borrower and lender) will act as an intermediary and enable services like
collateral selection and payment and settlement.
Securities and Exchange Board of India has set up a panel that will find
ways to ease listing for startups. The panel will review the existing
Institutional Trading Platform framework and find out areas that require
further changes. Also, any other issues might be assessed that are
applicable to the framework.
The Governor of the Reserve Bank of India has mentioned to a panel of
Parliamentary Standing Committee on Finance, that no central bank
nominee should be on the boards of public sector banks (PSBs) to avoid
any conflict of interest. Also, the governor stated that the main role of
any director on the bank's board, including nominee director, is to
ensure that the bank is managed efficiently and professionally.
The Securities and Exchange Board of India (SEBI) has formed an expert
panel that will consider rules for direct listing of Indian companies
abroad. Listing of equity share capital of companies incorporated in India
is currently not permitted on foreign exchanges and vice versa.
Markets for You
Indian equity markets ended with marginal gains ahead of the policy
review from major central banks across the globe. Further, the Consumer
Price Index (CPI)-based inflation grew 4.87% in May 2018 and stood
above the Reserve Bank of India’s (RBI) medium-term target. This raised
concerns of more rate hike by the central bank. Improved industrial
production data for Apr 2018 provided some support.
Key benchmark indices S&P BSE Sensex and Nifty 50 both gained 0.13%
to close at 35,739.16 and 10,856.70, respectively. S&P BSE Mid-Cap and
S&P BSE Small-Cap fell 0.46% and 0.21% respectively.
The overall market breadth on BSE was weak with 1414 scrips declining
and 1272 scrips advancing. A total of 148 scrips remained unchanged.
On the BSE sectoral front, indices witnessed a mixed trend as S&P BSE
IT (1.29%) stood as the major gainer followed by S&P BSE TECK (0.94%)
and S&P BSE HC (0.58%). Meanwhile, S&P BSE Telecom (-1.26%) stood as
the major loser followed by S&P BSE CG (-0.66%) and S&P BSE Industrials
Asian markets largely remained low amid cautious stance ahead of the
central banks meeting in the U.S., Europe and Japan. The U.S. Federal
Reserve is widely expected to raise interest rates by 25 basis points at
the end of its two-day policy meeting, scheduled later during the day.
Today (as of Jun 14), Asian markets opened lower following rate hike by
the U.S. Federal Reserve by 25 basis points and indication of two more
rate hike in 2018. Both Nikkei and Hang Seng were trading down 0.34%
and 0.13%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed almost higher as
investors waited for the latest monetary policy decision from the U.S.
Federal Reserve which was due after market hours.
As per the last close, U.S markets closed lower after the U.S. Federal
Reserve raised interest rate by 25 bps to a range of 1.75% to 2% and
predicted two more rate hikes in 2018.
FII Derivative Trade Statistics 13-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 1748.40 2242.72 20022.40
Index Options 64868.93 65721.38 70194.37
Stock Futures 10207.99 9762.94 84444.20
Stock Options 5971.25 6086.56 8420.14
Total 82796.57 83813.60 183081.11
13-Jun Prev_Day
Put Call Ratio (OI) 1.62 1.59 0.03
Indian Debt Market
Put Call Ratio(Vol) 1.16 1.03 0.13
13-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 6.08% 5.88% 5.92% 6.04%
CBLO 6.14% 5.71% 5.36% 6.12%
Repo 6.25% 6.25% 6.00% 6.25%
Reverse Repo 6.00% 6.00% 5.75% 6.00%
91 Day T-Bill 6.43% 6.52% 6.25% 6.26%
364 Day T-Bill 7.02% 6.99% 6.66% 6.30%
10 Year Gilt 7.93% 7.92% 7.73% 6.49%
G-Sec Vol. (Rs.Cr) 27689 25056 19290 78177
Currency Market Update
FBIL MIBOR 6.25% 5.96% 6.03% 6.24%
3 Month CP Rate 7.75% 7.80% 7.95% 6.68%
5 Year Corp Bond 8.72% 8.67% 8.50% 7.56%
1 Month CD Rate 6.99% 7.35% 6.64% 6.28%
3 Month CD Rate 7.16% 7.54% 7.45% 6.36%
1 Year CD Rate 8.44% 8.32% 7.94% 6.72%
Commodity Market Update
Currency 13-Jun Prev_Day
USD/INR 67.63 67.46 0.17
GBP/INR 90.33 90.06 0.27
EURO/INR 79.39 79.35 0.04
International News
JPY/INR 0.61 0.61 0.00
Commodity 13-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 66.63 64.75 70.64 46.36
Brent Crude($/bl) 74.16 72.32 78.36 46.39
Gold( $/oz) 1299 1296 1318 1265
Gold(Rs./10 gm) 30385 30660 31379 28720
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
14 June 2018
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields fell likely due to short covering by foreign banks before the
U.S. Federal Reserve’s monetary policy meeting outcome later during
the day.
Yield on the 10-year benchmark paper (7.17% GS 2028) fell 4 bps to
close at 7.93% from the previous close of 7.97%. During the session,
bond yields traded in the range of 7.92% and 7.97%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,841 crore (gross) on Jun 13, compared with
Rs. 3,728 crore (gross) on Jun 12. Sale of securities under Reserve Bank
of India’s (RBI) reverse repo window stood at Rs. 10,094 crore on Jun 12.
Banks did not borrow under the central bank’s Marginal Standing
Facility on Jun 12 as compared with borrowing of Rs. 15 crore on Jun 11.
A report from the Labor department showed that U.S. Consumer
prices grew 0.2% in May 2018, similar to increase witnessed in Apr 2018.
Energy prices grew 0.9% in May as against a gain of 1.4% in Apr. Core
consumer prices excluding food and energy prices grew 0.2% in May
after edging up 0.1% in Apr.
A report from the Office for National Statistics showed that U.K. house
price index grew 3.9% YoY in Apr 2018, as against an increase of 4.2% in
Mar 2018. The average U.K. house price was GBP 227,000 in Apr 2018,
up GBP 9,000 from Apr 2017 but down GBP 3,000 from Mar 2018.
Markets for You
Nifty June 2018 Futures were at 10844.85 points, a discount of 11.85
points, below the spot closing of 10,856.70. The turnover on NSE’s
Futures and Options segment went up to Rs. 6,93,000.92 crore on June
13 from Rs. 6,13,694.61 crore on June 12.
The Put-Call ratio stood at 0.97 against previous session’s close of 0.88.
The Nifty Put-Call ratio stood at 1.62 against the previous session’s
close of 1.59.
India VIX moved down 1.64% to 12.5200 from 12.7300 in the previous
trading session.
Open interest on Nifty Futures stood at 25.59 million as against the
previous session’s close at 24.73 million.
The rupee weakened against the greenback on concerns that the U.S.
Federal Reserve might increase interest rates in its monetary policy
review due Jun 13, 2018. However, selling of the U.S. dollar by state run
banks restricted further losses. The rupee fell 0.24% to close at 67.64 per
dollar from the previous close of 67.48 per dollar.
The euro rose against the greenback ahead of the outcome of the U.S.
Federal Reserve monetary policy review due later in the day. Euro was
trading at $1.1768, up 0.21% from the previous close of 1.1743.
Gold prices traded almost on a flat note as investors remained cautious
ahead of the U.S. Fed’s monetary policy decision meeting.
Brent Crude prices traded lower after report from American Petroleum
Institute showed that crude oil inventories grew in the week to Jun 8 to
433.70 million.
Thank you for
your time.