GlobalIndices 19Jun Prev_Day Abs.Change
DowJones 24,700 24,987 287 1.15
Nasdaq 7,726 7,747 21 0.28
FTSE 7,604 7,631 27 0.36
Nikkei 22,278 22,680 402 1.77
HangSeng 29,468 Closed NA NA
IndianIndices 19Jun Prev_Day Abs.Change
S&PBSESensex 35,287 35,548 262 0.74
Nifty50 10,710 10,800 89 0.83
Nifty100 11,022 11,113 91 0.82
NiftyBank 26,266 26,409 144 0.54
SGXNifty 10,710 10,762 52 0.48
S&PBSEPower 1,994 2,014 21 1.02
S&PBSESmallCap 16,614 16,831 217 1.29
S&PBSEHC 14,228 14,312 84 0.59
Date P/E Div.Yield P/E Div.Yield
19Jun 22.63 1.26 26.38 1.23
MonthAgo 23.49 1.18 26.27 1.21
YearAgo 22.93 1.24 24.37 1.10
Company 19Jun Prev_Day
GAIL 343 338 1.38
BajajFinance 2271 2243 1.22
ITC 266 265 0.57
Nifty50Top3Losers DomesticNews
Company 19Jun Prev_Day
Vedanta 224 232 3.40
IndianOil 169 174 3.05
HPCL 313 322 2.83
Advances 676 420
Declines 1951 1381
Unchanged 151 79
Description(Cr) YTD
FIIFlows* 4095
MFFlows** 62860
YoY(%) Current YearAgo
Sensex Nifty
Escalating trade war concerns led to Indian equity markets closing lower
for the second consecutive day of the week. Weakness in global markets
after the U.S. President threatened additional tariffs on Chinese goods
worth $200 billi on weighed on t he market sentiment. Decline in metal
and oil and gas stocks amid trade conflicts negatively impacted the
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.74% and
0.83% to clo se at 35,286.74 and 10,710.45, respectively. S&P BSE Mid
Cap and S&P BSE SmallCap fell 0.98% and 1.29%.
The overall market breadth on BSE was weak with and 1,951 scrips
declining and 676 scrips advancing. A total of 151 scrips remained
On the BSE sectoral front, S&P BSE Metal was the major loser, down
1.69% followed by S&P BSE Energy that fell 1.67%. S&P BSE Basic
Materials and S&P BSE Realty fell 1.62% and 1.33%, respectively. S&P BSE
Oil & Gas and S&P BSE Information Technology fell 1.22% and 1.21%,
The interim Finance Minister stated that, India's economy can grow in
double digits by the fourth quarter of the current fiscal following
improvement in demand. The finance minister f urther added that the
government has taken several steps to promote the ease of doing
business and maintain stability of the economy.
According to a major credit rating agency, nonfinancial corporates in
India might e xperience modest improvement in their leverage levels in
FY19 driven by higher revenue and earnings growth. The agency expects
revenue and EBITDA of nonfinancial corporates to grow 10% and 8%,
respectively for FY19. Revenue a nd EBITDA for these companies g rew
13% and 12%, respectively in FY18.
According to the media reports, the Reserve Bank of India has been
asked by the digital payments industry to postpone the implementation
of stringent c ustomer verification rules until mobile wallet providers are
allowed to access the Aadhaar database for user authentication. As per
the media reports, Payments Council of India told RBI that the payment
companies would be committed to the KYC guidelines once they receive
global authentication agency licences that will allow them to authenticate
customers using Aadhaar.
According to media reports, Strides Pharma Global which is a wholly
owned subsidiary of Strides Shasun h as received approval from the U.S.
Food and Drug Administration (USFDA) for a generic version of fungal
infection drug.
According to media reports, operations of Goa Carbon at its Paradeep
unit in Odisha have been put on temporary halt due to the obstructions
by the contract workers. As per reports, the workers are demanding that
their retirement age should be raised from 58 years to 60 years. The
management of the company has initiated the discussion with the
contractor and the workers to resolve the issue and to resume the work.
According to media reports, Global Cloud Xchange (GCX) which is a
subsidiary of Reliance Communications announced the completion of
India data centre for Eagle Subsea Network that is scheduled to be fully
operational by 2020.
Asian markets c a m e under selling pressure as concerns over looming
trade war intensified after U.S. President threatened new tariffs on $200
billion wo rth of Chinese goods. Meanwhile, Beijing vowed to retaliate
with strong countermeasures against U.S. companies. Today (as of June
20), Asian markets opened little changed following losses on the Wall
Street overnight. Both Nikkei and Hang Seng fell 0.04% and 0.02%,
respectively (as at 8.a.m. IST).
As per the last close, European markets fell due to negative impact of
mounting trade concerns between the U.S. and China. Meanwhile,
European Central Bank President reiterated that the bank will adopt a
patient approach to tightening policy and stands ready to adjust all its
policy tools when needed.
As per the last close, U.S markets dropped on rising fear of a trade war
between the U.S. and China. The U.S. President directed its Trade
Representative to identify $200 billion worth of Chinese goods for
additional tariffs at a rate of 10%.
FIIDerivativeTradeStatistics 19Jun
(RsCr) Buy Sell OpenInt.
IndexFutures 972.57 1548.64 21941.53
IndexOptions 46669.42 46157.73 71485.80
StockFutures 9423.63 9581.19 85420.91
StockOptions 6631.61 6702.40 9910.75
Total 63697.23 63989.96 188758.99
19Jun Prev_Day Change
PutCallRatio(OI) 1.47 1.52 0.05
PutCallRatio(Vol) 0.96 1.10 0.14
19Jun Wk.Ago Mth.Ago YearAgo
CallRate 6.17% 6.10% 5.97% 6.09%
CBLO 6.25% 6.12% 5.98% 6.17%
Repo 6.25% 6.25% 6.00% 6.25%
ReverseRepo 6.00% 6.00% 5.75% 6.00%
91DayTBill 6.45% 6.53% 6.30% 6.20%
364DayTBill 7.07% 6.98% 6.80% 6.35%
10YearGilt 7.86% 7.97% 7.83% 6.47%
GSecVol.(Rs.Cr) 24210 21448 37693 40041
FBILMIBOR 6.30% 6.21% 6.04% 6.25%
3MonthCPRate 7.55% 7.75% 8.30% 6.71%
5YearCorpBond 8.78% 8.79% 8.55% 7.53%
1MonthCDRate 7.08% 7.07% 6.90% 6.29%
3MonthCDRate 6.99% 7.17% 7.70% 6.34%
1YearCDRate 8.06% 8.40% 8.14% 6.67%
Currency 19Jun Prev_Day Change
USD/INR 68.15 68.02 0.13
GBP/INR 90.31 90.25 0.06
EURO/INR 79.16 78.85 0.30
JPY/INR 0.62 0.62 0.01
Commodity 19Jun WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 65.09 66.38 71.18 44.19
BrentCrude($/bl) 74.39 73.95 79.37 45.12
Gold($/oz) 1274 1296 1292 1243
Gold(Rs./10gm) 30757 30858 30921 28558
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Nifty June 2018 Futures were at 10719.85 points, a premium of 9.4 0
points, above the spot closing of 10,710.45. The turnover on NSE’s
Futures and Options segment went down to Rs. 6,67,240.74 crore on
June 19 from Rs. 4,67,439.80 crore on June 18.
•ThePutCall ratio stood at 0.95 against previous session’s close of 0.89.
The Nifty PutCall ratio stood at 1.47 against the previous session’s
close of 1.52.
India VIX moved up 4.66% to 12.9575 from 12.3800 in the previous
trading session.
Op en interest on N ifty Futu res stood at 25.97 million as against the
previous session’s close at 25.98 million.
Bond yields fell as market participants resorted to short covering that
provided some support to market sentiment. However, overall market
sentiment remained subdued amid escalating trade tussle between U.S.
and China.
Yield on the 10year benchmark paper (7.17% GS 2028) inched down 2
bps to close at 7.86% from the previous close of 7.88%. During the
session, bond yields traded in the range of 7.85% and 7.90%.
Banks borrowed Rs. 75 crore under the central bank’s Marginal
Standing Facility o n Jun 18 compared with that of Jun 15 when banks
borrowed Rs. 60 crore.
RBI conducted a 14day variable rate repo auction for a notified
amount of Rs. 22,000 crore for which Rs. 22,006 crore was allotted at a
cutoff rate of 6.26%.
The rupee w eakened ag ainst th e greenback f ollowing l osses in the
domestic equity market as market participants remained wary of
escalation in traderelated tensions between U.S. and China. The rupee
fell 0.58% to close at 68.38 per dollar from the previous close of 67.99
per dollar.
The euro slumped against the greenback as the investor risk sentiment
took a hit after the U.S. President threatened to impose more tariffs on
imports from China. Euro was trading at $1.1563, down 0.51% from the
previous close of 1.1622.
Gold prices moved down on stronger dollar against the euro.
Brent crude prices gained following lower output from Venezuela,
Libya and potential shortfalls from Iran.
According to a report from the National Association of Home Builders,
U.S. NAHB/Wells Fargo Housing Market Index missed marke t
expectations and fell to 68 in Jun 2018 from 70 in May 2018. The decline
reflects fall in all three of the components that make up the index,
namely current sales conditions, component gauging expectations and
metric charting buyer traffic.
Ifo institute expects Germany’s economy to expand 1.8% each in 2018
and 2019, as against previous expectation of growth of 2.6% and 2.1%, in
2018 and 2019, respectively. On the fiscal front, Ifo stated that the fiscal
stimuli will be approximately E UR 18 billion in 2019, or 0.5% of Gross
Domestic Product (GDP). Meanwhile, it expects the government surplus
to be EUR 38 billion in 2018 and 2019, or 1.1% of GDP.
Thank you for
your time.