18 Jun 2018
Markets for You
Global Indices
Global Indices 15-Jun Prev_Day Abs. Change
% Change
#
Dow Jones 25,090 25,175 -85 -0.34
Nasdaq 7,746 7,761 -15 -0.19
FTSE 7,634 7,766 -132 -1.70
Nikkei 22,852 22,739 113 0.50
Hang Seng 30,309 30,440 -131 -0.43
Indian Indices 15-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,622 35,600 22 0.06
Nifty 50 10,818 10,808 10 0.09
Nifty 100 11,136 11,140 -4 -0.03
Nifty Bank 26,417 26,562 -145 -0.55
SGX Nifty 10,803 10,829 -26 -0.24
S&P BSE Power 2,017 2,039 -22 -1.10
S&P BSE Small Cap 16,961 17,040 -79 -0.46
S&P BSE HC 14,301 14,038 263 1.88
Date P/E Div. Yield P/E Div. Yield
15-Jun 23.23 1.15 27.44 1.22
Month Ago 24.02 1.15 26.81 1.19
Year Ago 22.49 1.32 24.19 1.19
Nifty 50 Top 3 Gainers
Company 15-Jun Prev_Day
% Change
#
Cipla 612 588 4.00
Dr.Reddy 2350 2269 3.55
Infosys 1281 1240 3.35
Nifty 50 Top 3 Losers Domestic News
Company 15-Jun Prev_Day
% Change
#
Hindalco 237 245 -3.00
Indian Oil 168 172 -2.22
Ultratech Cem 3692 3767 -2.00
Advance Decline Ratio
BSE NSE
Advances 1083 682
Declines 1562 1099
Unchanged 141 90
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -2045
MF Flows** 61325
*15
th
Jun 2018; **12
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)
18 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
Sensex
7.40%
(Jan-18)
7.00%
(Dec-17)
Quarter Ago
Inflow/Outflow
98
-748
4.44%
(Feb-18)
• India’s export during the month of May 2018 grew 20.18% YoY to $
28.86 billion from $ 24.01 billion in May 2017. Meanwhile, imports grew
14.85% YoY to $ 43.48 billion in May 2018 from $37.86 billion in the
same period of the previous year. Trade deficit widened to $14.62 billion
in May 2018 as against $13.84 billion in May 2017 and $13.72 billion in
Apr 2018.
• The government announced that sale of pre-goods and service tax
(GST) packaged goods has now been permitted with stickers of revised
rates till Jul 31, 2018. The deadline has been extended several times and
the latest was Apr 30, 2018. The government had permitted use of
stickers with revised rates along with the printed MRP for pre-packaged
items to reflect changes in selling price for three months till Sep 30, post
implementation of GST on Jul 1, 2017.
• According to a media report, the Corporate Affairs Ministry is likely to
ask all the unlisted companies with paid-up capital of more than Rs. 50
million to digitalize shares by June-end. Rest of the companies with less
than paid-up capital of Rs. 50 million can do the same by September end.
The aim is to make transactions more transparent. The government is
also in discussion with the National Securities Depository Ltd. (NSDL) and
the Central Securities Depository Ltd. (CSDL) to fix enrolment rates for
these companies and has asked the registries to reduce joining fees.
• According to the media reports, Niti Aayog’s proposal of reducing the
Centre’s stake in non-strategic public-sector companies to below 50%
will not be accepted by the government. Niti Ayog had given this
proposal earlier in Jun 2018 in order to give these companies functional
autonomy to perform better.
• The Reserve Bank of India has brought in an interest rate option which
is a derivative contract whose value is based on the rupee interest rate.
The announcement was done in first bi-monthly policy for FY19 in Apr
2018.
Markets for You
• Asian markets largely remained under pressure as concerns over trade
war resurfaced with U.S. imposing hefty tariffs on import of Chinese
goods. Chinese markets fell to 20-month low amid worries over adverse
impact of the above decision on the nation’s economic growth.
Meanwhile, Japanese markets rose on the back of Bank of Japan’s
decision to keep its monetary policy steady that was in line with
expectation. Today (as of June 18), Asian markets opened lower due to
trade war tensions between U.S. and China. Nikkei fell 0.69% (as at
8.a.m. IST). Hanseng remained closed.
• As per the last close, European markets closed lower after U.S.
President announced plans to impose a 25% tariff on $50 billion worth of
Chinese goods, thereby igniting trade war concerns.
• As per the last close, U.S markets closed lower due to trade war
concerns after U.S. President announced plans to impose 25% tariff on
$50 billion worth of Chinese goods. Also, weak industrial production data
in May 2018 likely weighed on market sentiment.
• After witnessing a volatile session, Indian equity markets ended with
marginal gains on the last trading session of the week. Rise in domestic
trade deficit to a four-month high level and renewed concerns over trade
war between U.S. and China kept investors wary. However, market got
some support after a major IT company announced that its board has
approved a proposal of buyback upto 7.61 crore equity shares through
tender offer.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.06% and
0.09% to close at 35,622.14 and 10,817.70, respectively. S&P BSE Mid-
Cap and S&P BSE Small-Cap fell 0.40% and 0.46% respectively.
• The overall market breadth on BSE was weak with 1562 scrips declining
and 1083 scrips advancing. A total of 141 scrips remained unchanged.
• On the BSE sectoral front, most of the indices closed in the red barring
S&P BSE IT (2.24%), S&P BSE HC (1.88%) and S&P BSE Teck (1.83%).
Meanwhile, S&P BSE Metal (-1.53%) stood as the major loser followed by
S&P BSE Realty (-1.17%) and S&P BSE Power (-1.1%).
FII Derivative Trade Statistics 15-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 1866.21 3170.00 21327.38
Index Options 67161.37 63027.59 68999.04
Stock Futures 8917.21 9592.16 84301.18
Stock Options 6464.54 6543.00 9308.99
Total 84409.33 82332.75 183936.59
15-Jun Prev_Day
Change
Put Call Ratio (OI) 1.57 1.55 0.02
Indian Debt Market
Put Call Ratio(Vol) 1.02 1.14 -0.12
15-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 6.10% 6.02% 5.87% 6.06%
CBLO 6.09% 5.07% 5.96% 6.19%
Repo 6.25% 6.25% 6.00% 6.25%
Reverse Repo 6.00% 6.00% 5.75% 6.00%
91 Day T-Bill 6.50% 6.45% 6.18% 6.24%
364 Day T-Bill 7.05% 6.99% 6.72% 6.37%
10 Year Gilt 7.89% 7.95% 7.90% 6.48%
G-Sec Vol. (Rs.Cr) 28561 36801 27501 56314
Currency Market Update
FBIL MIBOR 6.24% 6.05% 6.05% 6.25%
3 Month CP Rate 7.65% 7.80% 8.00% 6.67%
5 Year Corp Bond 8.78% 8.75% 8.57% 7.53%
1 Month CD Rate 7.00% 7.12% 6.62% 6.29%
3 Month CD Rate 7.04% 7.09% 7.45% 6.37%
1 Year CD Rate 8.46% 8.39% 7.90% 6.69%
Commodity Market Update
Currency 15-Jun Prev_Day
Change
USD/INR 67.97 67.69 0.29
GBP/INR 90.00 90.68 -0.68
EURO/INR 78.61 79.93 -1.32
International News
JPY/INR 0.61 0.62 0.00
Commodity 15-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 65.01 65.77 71.29 44.42
Brent Crude($/bl) 71.11 74.20 79.93 45.05
Gold( $/oz) 1279 1298 1290 1254
Gold(Rs./10 gm) 31068 31027 31342 28703
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
18 June 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields fell following decline in global crude oil prices. Oil prices
fell from multi-year highs ahead of an OPEC meeting next week in which
Saudi Arabia and Russia indicated they were prepared to increase
production.
• Yield on the 10-year benchmark paper (7.17% GS 2028) fell 5 bps to
close at 7.89% from the previous close of 7.94%. During the session,
bond yields traded in the range of 7.84% and 7.94%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,841 crore (gross) on Jun 15, compared with
Rs. 4,176 crore (gross) on Jun 14. Sale of securities under Reserve Bank
of India’s (RBI) reverse repo window stood at Rs. 19,274 crore on Jun 14.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on Jun 15 as compared with Rs. 1 crore on Jun 13.
• A report from the U.S. Federal Reserve showed that U.S. industrial
production inched down 0.1% in May 2018 as against an upwardly
revised gain of 0.9% (0.7% gain originally reported) in Apr 2018. The
downside reflects decline in manufacturing output that fell 0.7% in May
as against a gain of 0.6% in Apr.
• The Bank of Japan kept its monetary stimulus unchanged. Also, it
decided to hold its target of raising the amount of outstanding JGB
holdings at an annual pace of approximately JPY 80 trillion. Government
bonds will be purchased by the bank so that the yield of 10-year JGBs
will remain at around 0%.
Markets for You
• Nifty June 2018 Futures were at 10814.65 points, a discount of 3.05
points, below the spot closing of 10,817.70. The turnover on NSE’s
Futures and Options segment went down to Rs. 5,98,789.74 crore on
June 15 from Rs. 14,18,956.96 crore on June 14.
• The Put-Call ratio stood at 0.91 against previous session’s close of 0.85.
• The Nifty Put-Call ratio stood at 1.57 against the previous session’s
close of 1.55.
• India VIX moved down 0.66% to 12.0150 from 12.0950 in the previous
trading session.
• Open interest on Nifty Futures stood at 25.70 million as against the
previous session’s close at 24.90 million.
• The rupee weakened against the greenback after U.S. retail sales
soared in May 2018 and witnessed the biggest gain in six months. The
rupee fell 0.58% to close at 68.01 from the previous close of 67.62
• The euro rose against the greenback as the latter remained under
pressure amid renewed concerns of a global trade war after the U.S.
President announced hefty tariffs on $50 billion of Chinese imports and
Beijing threatened to respond in kind. Euro was last seen trading at
$1.1606, up 0.34% from the previous close of 1.1567.
• Gold prices closed lower despite rising geopolitical tension as dollar
touched a fresh 2018 high before turning negative amid profit booking.
• Brent Crude prices closed lower after reports showed that number of
oil rigs in the U.S. increased for fourth consecutive week.
Thank you for
your time.