17Jun2019
MarketsforYou

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GlobalIndices
GlobalIndices 14‐Jun Prev_Day Abs.Change
%Change
#
DowJones 26,090 26,107 ‐17 ‐0.07
Nasdaq 7,797 7,837 ‐40 ‐0.52
FTSE 7,346 7,369 ‐23 ‐0.31
Nikkei 21,117 21,032 85 0.40
HangSeng 27,118 27,295 ‐176 ‐0.65
IndianIndices 14‐Jun Prev_Day Abs.Change
%Change
#
S&PBSESensex 39,452 39,741 ‐289 ‐0.73
Nifty50 11,823 11,914 ‐91 ‐0.76
Nifty100 11,899 11,995 ‐96 ‐0.80
NiftyBank 30,614 30,976 ‐362 ‐1.17
SGXNifty 11,815 11,922 ‐108 ‐0.90
S&PBSEPower 1,990 2,004 ‐14 ‐0.71
S&PBSESmallCap 14,366 14,476 ‐110 ‐0.76
S&PBSEHC 12,899 13,008 ‐109 ‐0.84
Date P/E Div.Yield P/E Div.Yield
14‐Jun 27.98 1.22 29.24 1.23
MonthAgo 27.42 1.25 27.98 1.17
YearAgo 23.33 1.14 27.42 1.22
Nifty50Top3Gainers
Company 14‐Jun Prev_Day
%Change
#
BhartiInfratel 275 271 1.36
SunPharma 393 390 0.72
Vedanta 170 168 0.65
Nifty50Top3Losers DomesticNews
Company 14‐Jun Prev_Day
%Change
#
ZeeEnte. 337 353 ‐4.57
IndusIndBank 1427 1489 ‐4.17
IndiabullsHFC 672 694 ‐3.18
AdvanceDeclineRatio
BSE NSE
Advances 791 520
Declines 1739 1289
Unchanged 136 119
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 77568
MFFlows** 2210
*14
th
Jun2019;**13
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)
17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
‐52
8
2.57%
(Feb‐19)
• Indian equity markets slipped in the red amid increased trade tension
between U.S. and India. According to media reports, India will impose
tariff on 29 U.S. items in retaliation to Washington's withdrawal of key
trade privileges for New Delhi. Market participants also remained cautious
due to rise in crude oil prices as attacks on tankers in Gulf of Oman
escalated U.S.‐Iran tensions and raised concerns over supply flows.
• The downturn was restricted as wholesale price inflation slipped to 22‐
month low in May, helped by falling prices of food articles, fuel and power
items.
• Key benchmark indices S&P BSE Sensex and Nifty 50 slipped 0.73% and
0.76% to close at 39452.07 and 11823.30, respectively. Meanwhile, S&P
BSE Mid‐Cap and S&P BSE Small‐Cap fell 1.02% and 0.76%, respectively.
• The overall market breadth on BSE remained weak with 1739 scrips
declining and 791 scrips advancing. A total of 136 scrips remained
unchanged.
• On the BSE sectoral front, barring S&P BSE Capital Goods, all the indices
closed in the red.
• India’s Wholesale Price Index (WPI) ‐ based inflation slowed down to
2.45% in May 2019 from 3.07% in Apr 2019 and 4.78% in May 2018. This
marked nearly two‐year low. Fuel and power inflation came in at 0.98% in
May 2019, significantly down from 3.84% in Apr 2019. Inflation for
manufactured products fell to 1.28% as against 1.72% in the previous
month. Meanwhile, food articles inflation came in at 6.99% as against
7.37% in Apr.
• Government data showed that India’s trade deficit widened to $15.36
billion in May 2019 from $15.33 billion in the previous month and $14.62
billion in the same month of the previous year. India’s trade deficit
widened as imports grew 4.31% in May 2019, higher than exports growth
of 3.93%. Oil imports rose by 8.23% to $12.44 billion and non‐oil imports
grew 2.9% to $32.91 billion.
• The Reserve Bank of India (RBI) announced that it will infuse Rs. 12,500
crore into the financial system through bond purchases on Jun 20, 2019.
RBI stated that the decision is based on evaluation of the evolving liquidity
conditions and assessment of durable liquidity needs going forward.
• The government has lowered the contribution under the Employees’
State Insurance (ESI) Act to 4% from 6.5%. This includes a reduction of
1.5% in employers’ contribution to 3.25% and 1% reduction in employees’
contribution to 0.75%. Besides, increasing the takehome salary of workers,
the move is expected to lower the financial burden of employers.
• According to the media reports, India is preparing to impose higher
tariffs on 29 U.S. goods including almonds, walnuts and apples from week
ended Jun 21, 2019 after a delay of about a year. The announcement
comes following withdrawal of key trade privileges for India by U.S under
the Generalized System of Preferences (GSP). This scheme permitted duty‐
free exports of up to $5.6 billion from the country.
• Asian markets witnessed mixed trend as concerns over U.S.‐China trade
dispute kept underlying sentiment cautious. Meanwhile, rising tension in
the Middle East, led to supply concerns of crude oil prices. The resultant
strength in oil prices supported gains in the oil stocks. Today (as of June
17), Asian markets opened on a positive note ahead of the U.S. Federal
Reserve policy meet later during the week. Both Nikkei and Hang Seng
were trading higher 0.27% and 1.27%, respectively (as at 8 a.m. IST).
• As per the last close, European markets fell on rising concerns about
geopolitical tensions and economic slowdown. International Energy
Agency (IEA) revised downward its full‐year guidance about a lower
estimate for global oil demand growth due to trade concerns and fears of
a global recession.
• As per the last close, U.S markets declined as Technology stocks came
under pressure after a U.S. based IT hardware major lowered its full‐year
revenue guidance despite upbeat Mar quarter earnings.
MarketsforYou
FIIDerivativeTradeStatistics 14‐Jun
(RsCr) Buy Sell OpenInt.
IndexFutures 2663.76 2941.92 20237.72
IndexOptions 364413.93 362272.62 54757.49
StockFutures 11135.30 11232.84 86339.86
StockOptions 4917.73 4760.26 4683.72
Total 383130.72 381207.64 166018.79
14‐Jun Prev_Day Change
PutCallRatio(OI) 1.26 1.37 ‐0.11
IndianDebtMarket
PutCallRatio(Vol) 0.90 0.85 0.05
14‐Jun Wk.Ago Mth.Ago YearAgo
CallRate 5.83% 5.69% 5.91% 6.09%
T‐Repo 5.66% 5.74% 5.84% NA
Repo 5.75% 5.75% 6.00% 6.25%
ReverseRepo 5.50% 5.50% 5.75% 6.00%
91DayT‐Bill 5.98% 5.91% 6.34% 6.50%
364DayT‐Bill 6.10% 6.05% 6.46% 7.05%
10YearGilt 6.92% 6.97% 7.38% 7.94%
G‐SecVol.(Rs.Cr) 92107 48346 56075 27770
CurrencyMarketUpdate
FBILMIBOR 5.80% 5.94% 6.05% 6.25%
3MonthCPRate 6.70% 6.60% 7.50% 7.65%
5YearCorpBond 8.00% 7.91% 8.52% 8.82%
1MonthCDRate 6.03% 5.77% 6.85% 6.99%
3MonthCDRate 6.33% 6.13% 7.41% 7.38%
1YearCDRate 7.15% 7.12% 7.54% 8.46%
CommodityMarketUpdate
Currency 14‐Jun Prev_Day Change
USD/INR 69.56 69.36 0.30
GBP/INR 88.20 88.02 0.20
EURO/INR 78.43 78.37 0.07
InternationalNews
JPY/INR 0.64 0.64 0.31
Commodity 14‐Jun WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 52.42 53.90 61.77 66.91
BrentCrude($/bl) 64.57 65.54 73.52 73.86
Gold($/oz) 1341 1340 1297 1302
Gold(Rs./10gm) 33061 32607 32245 31049
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
17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 11,838.05, a premium of 14.75 points,
above the spot closing of 11,823.30. The turnover on NSE’s Futures and
Options segment decreased to Rs. 7,63,021.64 crore on Jun 14, 2019,
compared with Rs. 24,76,549.11 crore on Jun 13, 2019.
• The Put‐Call ratio stood at 0.92 compared with the previous session’s
close of 0.73.
• The Nifty Put‐Call ratio stood at 1.26 compared with the previous
session’s close of 1.37.
• Open interest on Nifty Futures stood at 20.13 million, compared with
the previous session’s close of 19.82.
• Bond yield eased with fall in crude oil prices. In addition, inflation of
3.05% for May was well below the central bank’s target of 4%. These
factors strengthened speculations on monetary easing. Besides, RBI’s
unexpected announcement of bond purchase under open market
operation indicated liquidity infusion.
• Yield on the 10‐year benchmark paper (7.26% GS 2029) declined 9 bps
to close at 6.92% compared with the previous close of 7.01% after trading
in a range of 6.92% to 7.03%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 12,457 crore (gross) on Jun 14, 2019, compared
with Rs. 5,142 crore (gross) as on Jun 13, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 11,970
crore on Jun 13, 2019.
• The Indian rupee depreciated against the greenback on deepening trade
worries between the U.S. and China. This dampened investors’
sentiments on riskier assets, thus weighing down on the local currency.
• The euro declined following weaker‐than‐expected growth in German
wholesale price index. This raised speculations of muted inflationary
pressure across the eurozone. Besides, strengthening greenback amid the
upcoming U.S. Federal Reserve’s policy meeting also weighed on the
common currency.
• Gold prices went north of $1,350 an ounce with deepening U.S.‐China
trade tussle, slowdown in Chinese industrial output growth, and rising
U.S.‐Iran geopolitical worries.
• Brent crude prices declined as the International Energy Agency (IEA)
lowered the demand outlook for oil in 2019.
• A preliminary report from University of Michigan showed that U.S.
consumer sentiment index fell to 97.9 in Jun 2019 from 100.0 in May
2019 due to deterioration in expectations. Index of consumer
expectations fell to 88.6 in Jun from 93.5 in May. The fall reflects
concerns about the impact of higher tariffs.
• A report from National Bureau of Statistics showed that China’s
industrial production missed market expectations and grew 5% YoY in
May 2019. It was expected to remain stable at 5.4%. The weaker pace
reflected higher tariffs imposed by the U.S. Meanwhile, retail sales grew
8.6% in May after surging 7.2% in Apr.
MarketsforYou
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