GlobalIndices 17‐Jun Prev_Day Abs.Change
DowJones 26,113 26,090 23 0.09
Nasdaq 7,845 7,797 48 0.62
FTSE 7,357 7,346 12 0.16
Nikkei 21,124 21,117 7 0.03
HangSeng 27,227 27,118 109 0.40
IndianIndices 17‐Jun Prev_Day Abs.Change
S&PBSESensex 38,961 39,452 ‐491 ‐1.25
Nifty50 11,672 11,823 ‐151 ‐1.28
Nifty100 11,743 11,899 ‐156 ‐1.31
NiftyBank 30,273 30,614 ‐341 ‐1.11
SGXNifty 11,686 11,815 ‐129 ‐1.09
S&PBSEPower 1,975 1,990 ‐15 ‐0.74
S&PBSESmallCap 14,173 14,366 ‐193 ‐1.35
S&PBSEHC 12,745 12,899 ‐154 ‐1.19
Date P/E Div.Yield P/E Div.Yield
17‐Jun 27.75 1.23 28.87 1.25
MonthAgo 27.83 1.24 28.44 1.15
YearAgo 23.23 1.15 27.44 1.22
Company 17‐Jun Prev_Day
YesBank 116 115 0.96
ZeeEnte. 338 337 0.48
Wipro 299 299 0.12
Nifty50Top3Losers DomesticNews
Company 17‐Jun Prev_Day
TataSteel 473 502 ‐5.72
HPCL 295 306 ‐3.88
TataMotors 159 164 ‐3.32
Advances 653 413
Declines 1913 1444
Unchanged 129 88
Description(Cr) YTD
FIIFlows* 77385
MFFlows** 2140
YoY(%) Current YearAgo
Sensex Nifty
Media reports said the government is considering selling controlling
stakes in some smaller state‐run banks. This is being done to raise funds to
increase spending on programmes for the poor. The proposal being
considered involves offering a majority stake in some of the weaker banks
and use the proceeds to fund Prime Minister’s rural housing programme.
The details are still being worked out and, if approved, it could be included
in the budget to be presented on Jul 5, 2019, the report said.
According to media reports, corporate earnings have disappointed for
the Mar 2019 quarter as they have touched a five‐quarter low of Rs.
400.69 per share. The divergence between estimates and actual earnings
per share (EPS) has been in the range of 32‐40% in the past three quarters,
according to data. Earnings growth is important for a sustained rally in the
markets at a time when domestic equities continue to enjoy lofty
valuations levels despite lack of any fundamental support. Major
challenges such as rural stress, liquidity shortage and weak pick up in
capex cycle have been reasons for companies falling short of their
expected earnings.
Decline in sale of automobiles has made manufacturers cut production
to align supply with retail demand and existing inventory with dealers,
media reports showed. Latest data shows that production cuts will
continue as retail demand continues to falter. According to a report by the
Federation of Automobile Dealers’ Associations (FADA), retail auto salesin
May fell 7.5% from a year ago, showing that the overall consumer
sentiment is poor. This worsens the prevailing gloom in the sector.
The Asian Development Bank (ADB) has approved a project worth Rs.
1,650 crore to develop infrastructure in seven districts of Tripura, media
reports said. The ADB will provide Rs. 1,650 crore, out of which 80% will
be grant‐in‐aid and the state will have to repay 20% loan in due course of
Asian equity markets were mixed because investors looked forward to
the outcome of the U.S. Federal Reserve and Bank of Japan’s policy
meetings, scheduled in the week. Markets remained cautious over
political tensions in the Middle East and Hong Kong. Today (as of June 18),
Asian markets opened on a mixed note ahead of the U.S. Federal Reserve
two day policy meet on Tuesday. While Nikkei was trading lower 0.20%,
Hang Seng was higher 0.51% (as at 8 a.m. IST).
As per the last close, European markets were mostly positive on
expectations that the U.S. Federal Reserve (Fed) will cut interest rates
sometime soon. Also other major central banks across the globe may also
announce additional stimulus to boost growth.
As per the last close, U.S markets rose marginally partially reflecting
optimism that the U.S. Fed will indicate a near‐term interest rate cut on
Indian equity markets lost on account of trade tensions as India’s move
to put retaliatory tariffs on certain U.S. goods led investors fear the start
of a trade dispute between the two countries. Global cues were weak too
as U.S. seemed to be getting ready to impose fresh tariffs on Chinese
imports. Investors also remained cautious of the upcoming budget.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 1.25% and
1.28%, respectively, to close at 38,960.79 and 11,672.15, respectively. S&P
BSE Mid‐Cap and S&P BSE Small Cap lost 1.29% and 1.35%, respectively.
The overall market breadth on BSE was weak with 653 scrips advancing
and 1913 scrips declining. A total of 129 scrips remained unchanged.
On the BSE sectoral front, all the sectors lost. S&P BSE Metal was the
Gas, down 2.49% and 2.34%, respectively. S&P BSE Basic Materials and
S&P BSE Telecom lost 2.32% and 2.19%, respectively. S&P BSE Industrials
FIIDerivativeTradeStatistics 17‐Jun
(RsCr) Buy Sell OpenInt.
IndexFutures 2945.37 2579.81 20532.56
IndexOptions 158008.75 156952.88 56940.56
StockFutures 9811.55 10484.32 85562.43
StockOptions 4809.40 4854.46 4692.03
Total 175575.07 174871.47 167727.58
17‐Jun Prev_Day Change
PutCallRatio(OI) 1.09 1.26 ‐0.17
PutCallRatio(Vol) 0.82 0.90 ‐0.08
17‐Jun Wk.Ago Mth.Ago YearAgo
CallRate 5.78% 5.69% 5.99% 6.10%
T‐Repo 5.62% 5.71% 5.95% NA
Repo 5.75% 5.75% 6.00% 6.25%
ReverseRepo 5.50% 5.50% 5.75% 6.00%
91DayT‐Bill 5.93% 5.87% 6.32% 6.50%
364DayT‐Bill 6.11% 6.02% 6.43% 7.05%
10YearGilt 6.93% 7.08% 7.36% 7.89%
G‐SecVol.(Rs.Cr) 52427 56839 32164 28561
FBILMIBOR* 5.80% 5.80% 6.05% 6.25%
3MonthCPRate 6.70% 6.65% 7.25% 7.65%
5YearCorpBond 8.04% 8.09% 8.38% 8.78%
1MonthCDRate 6.06% 5.68% 7.24% 7.00%
3MonthCDRate 6.56% 6.37% 7.07% 7.04%
1YearCDRate 7.15% 7.15% 7.29% 8.46%
Currency 17‐Jun Prev_Day Change
USD/INR 69.56 69.36 0.21
GBP/INR 88.20 88.02 0.18
EURO/INR 78.43 78.37 0.06
JPY/INR 0.64 0.64 0.00
Commodity 17‐Jun WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 51.89 53.28 62.72 65.01
BrentCrude($/bl) 64.00 65.75 74.93 71.11
Gold($/oz) 1339 1328 1277 1279
Gold(Rs./10gm) 32733 32527 31911 31068
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Bond yield fell as market participants preferred to book profits from the
recent bond rally. Investors also preferred to remain cautious and await
the outcome of the U.S. Federal Reserve monetary policy review which is
due on Jun 19, 2019.
Yield on the 10‐year benchmark paper (7.26% GS 2029) inched up 1 bps
to close at 6.93% compared with the previous close of 6.92% after trading
in a range of 6.91% to 6.95%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,662 crore (gross) on Jun 17, 2019, compared
with Rs. 12,457 crore (gross) as on Jun 14, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 13,571
crore on Jun 14, 2019.
Banks borrowed Rs. 2,055 crore under the central bank’s Marginal
Standing Facility on Jun 14, 2019 compared to that of Rs. 900 crore
borrowed on Jun 13, 2019.
A Federal Reserve report showed U.S. industrial production rose by
more than expected in May 2019. The Fed said industrial production
climbed 0.4% in May following a revised 0.4% decrease in Apr 2019.
Eurostat said euro zone labor costs increased at a slightly faster pace in
the first quarter. Hourly labor costs grew 2.4% YoY, slightly faster than the
2.3% increase seen in the fourth quarter. The two main components of
labor costs are wages and salaries, and non‐wage costs.
Nifty Jun 2019 Futures were at 11,697.55, a premium of 25.40 points
above the spot closing of 11,672.15. The turnover on NSE’s Futures an
Options segment increased to Rs. 8,02,265.21crore on Jun 17, 2019
compared with Rs. 7,63,021.64 crore on Jun 14, 2019.
The Put‐Call ratio stood at 0.86 compared with the previous session’
close of 0.92.
The Nifty Put‐Call ratio stood at 1.09 compared with the previou
session’s close of 1.26.
Open interest on Nifty Futures stood at 20.92 million, compared wit
the previous session’s close of 20.13.
The Indian rupee weakened against the greenback following losses in the
domestic equity market after India imposed tariffs on certain U.S.
products. The rupee closed at 69.90 a dollar, down 0.14% compared with
the previous close of 69.80.
The euro rose against the greenback as the latter remained under
pressure on growing possibility that the U.S. Federal Reserve might lower
interest rates in its upcoming monetary policy review. The euro was last
seen trading at 1.1241, up 0.30% compared with the previous close of
Gold prices inched down as investors turned cautious ahead of the
Federal Reserve policy meeting.
Brent crude prices declined on worries over economic slowdown due to
international trade disputes.
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