GlobalIndices 19‐Jun Prev_Day Abs.Change
DowJones 26,504 26,466 38 0.15
Nasdaq 7,987 7,954 33 0.42
FTSE 7,404 7,443 ‐40 ‐0.53
Nikkei 21,334 20,973 361 1.72
HangSeng 28,202 27,499 703 2.56
IndianIndices 19‐Jun Prev_Day Abs.Change
S&PBSESensex 39,113 39,046 66 0.17
Nifty50 11,691 11,692 0 0.00
Nifty100 11,753 11,762 ‐9 ‐0.07
NiftyBank 30,362 30,351 11 0.04
SGXNifty 11,724 11,730 ‐6 ‐0.05
S&PBSEPower 1,996 1,987 9 0.46
S&PBSESmallCap 13,919 14,113 ‐194 ‐1.37
S&PBSEHC 12,511 12,675 ‐163 ‐1.29
Date P/E Div.Yield P/E Div.Yield
19‐Jun 27.88 1.22 28.91 1.25
MonthAgo 27.83 1.24 28.44 1.15
YearAgo 22.63 1.26 26.38 1.23
Company 19‐Jun Prev_Day
TataSteel 494 472 4.62
ZeeEnte. 353 339 4.02
KotakBank 1498 1462 2.46
Nifty50Top3Losers DomesticNews
Company 19‐Jun Prev_Day
IndiabullsHFC 556 610 ‐8.90
YesBank 103 109 ‐5.58
UnitedPhos 950 1000 ‐4.94
Advances 660 462
Declines 1918 1390
Unchanged 109 82
Description(Cr) YTD
FIIFlows* 77128
MFFlows** 4353
YoY(%) Current YearAgo
Sensex Nifty
According to a report by the Basel Committee on Bank Supervision
(BCBS), the Reserve Bank of India is yet to meet the tougher requirements
set by the Basel III norms. The semi‐annual report brought out by BCBS,
which is a committee under the Bank for International Settlements,
looked at adoption status of Basel III standards by 30 global systemically
important banks (G‐Sibs) as of end‐May 2019. This committee of banking
supervisory authorities aims to enhance understanding of key supervisory
issues and also improve the quality of banking supervision worldwide.
According to the committee, RBI is yet to publish the securitisation
framework and rules on total loss‐absorbing capacity requirements. The
rules on securitisation exposures held in the banking book had come into
effect on 1 Jan, 2018, globally.
The Prime Minister will have a discussion with leading economists and
experts on Jun 22, 2019. This is being done to deliberate on economic
policy roadmap for promoting growth and employment generation. The
meeting, organised by NITI Aayog, will be attended by various ministers,
NITI Aayog functionaries, leading economists, sectoral experts and
industrialists, media reports said. The comes against the backdrop of
recent Central Statistics Office (CSO) data showing that the economic
growth slowed to a five‐year low of 5.8% in the fourth quarter of FY19,
pushing India behind China, due to the bad performance of agriculture
and manufacturing sectors. The CSO data had also shown that joblessness
was at a 45‐year high of 6.1% in FY18.
The Reserve Bank of India (RBI) has set up an eight‐member expert
committee under the leadership of former SEBI chairman to review the
current framework for the micro, small and medium enterprises (MSME)
sector. The committee will suggest long‐term solutions for the economic
and financial sustainability of the MSMEs, RBI said. The panel will submit
the report by the end of Jun 2019.
Asian equity markets gained handsomely on European Central Bank
chief and U.S. President’s statements. The European Central Bank
President suggested that the bank will give the economy more monetary
stimulus as it still has room to cut interest rates and measures to cushion
the side effect from low interest rates. The U.S. President said the country
plans for an "extended" meeting with Chinese leader at the Group of 20
summit in Japan, scheduled next week. This made investors optimistic of a
deal between the two countries. Today (as of June 20), Asian markets
opened mostly higher following rise on the Wall Street overnight. Both
Nikkei and Hang Seng were trading higher 0.38% and 0.50%, respectively
(as at 8 a.m. IST).
As per the last close, European markets witnessed a mixed performance
as market participant’s largely attained caution ahead to the U.S. Federal
Reserve's (Fed) monetary policy statement due later in the day.
As per the last close, U.S markets gained amid volatility on indications
that the U.S. Fed plans to lower interest rates sometime in the future.
Indian equity markets witnessed yet another day of volatility and again
managed to stay in the green. Investors looked forward to the U.S. Federal
Reserve’s policy meeting, scheduled later in the day, where the bank is
largely expected to maintain status quo but may hint at rate cuts in the
rest of the year. What kept the market on tenterhooks was weak
economic data, liquidity concerns and monsoon deficit.
Key benchmark indices S&P BSE Sensex gained 0.17% and Nifty 50 was
flat, to close at 39,112.74 and 11,691.45, respectively. S&P BSE Mid‐Cap
and S&P BSE Small Cap lost 0.69% and 1.37%, respectively.
The overall market breadth on BSE was weak with 660 scrips advancing
and 1918 scrips declining. A total of 109 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Realty was the major gainer, up
1.20%, followed by S&P BSE Consumer Durables and S&P BSE Metal, up
0.87% and 0.55%, respectively. S&P BSE Power and S&P BSE Utility gained
0.46% and 0.23%, respectively. S&P BSE Healthcare was the major loser,
down 1.29%, followed by S&P BSE Auto and S&P BSE Telecom, down 1%
and 0.99%, respectively.
FIIDerivativeTradeStatistics 19‐Jun
(RsCr) Buy Sell OpenInt.
IndexFutures 4212.18 4093.48 21333.39
IndexOptions 262610.75 261725.04 62418.70
StockFutures 11808.16 11755.59 85497.68
StockOptions 5763.80 5696.99 4434.14
Total 284394.89 283271.10 173683.91
19‐Jun Prev_Day Change
PutCallRatio(OI) 1.15 1.14 0.01
PutCallRatio(Vol) 0.86 0.92 ‐0.06
19‐Jun Wk.Ago Mth.Ago YearAgo
CallRate 5.80% 5.69% 5.99% 6.17%
T‐Repo 5.62% 5.60% 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 5.90% 5.92% 6.32% 6.45%
364DayT‐Bill 6.10% 6.12% 6.43% 7.07%
10YearGilt 6.84% 7.01% 7.36% 7.86%
G‐SecVol.(Rs.Cr) 72663 48770 32164 24210
FBILMIBOR* 5.86% 5.80% 6.05% 6.25%
3MonthCPRate 6.85% 6.65% 7.25% 7.55%
5YearCorpBond 7.96% 8.04% 8.38% 8.78%
1MonthCDRate 6.01% 6.06% 7.24% 7.08%
3MonthCDRate 6.30% 6.44% 7.07% 6.99%
1YearCDRate 7.18% 7.32% 7.29% 8.06%
Currency 18‐Jun Prev_Day Change
USD/INR 69.80 69.84 ‐0.05
GBP/INR 87.46 87.89 ‐0.49
EURO/INR 78.42 78.27 0.19
JPY/INR 0.64 0.64 0.25
Commodity 19‐Jun WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 53.69 51.08 62.72 65.09
BrentCrude($/bl) 64.29 63.10 74.93 74.39
Gold($/oz) 1360 1333 1277 1274
Gold(Rs./10gm) 32850 32590 31911 30757
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Bond yield rose as market participants resorted to profit booking after
the last session’s sharp rally. Besides, the market is awaiting the outcome
of the two‐day Federal Reserve policy meeting to get cues on future
interest rate movement.
Yield on the 10‐year benchmark paper (7.26% GS 2029) moved up 3 bps
to close at 6.84% compared with the previous close of 6.81% after trading
in a range of 6.81% to 6.85%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,698 crore (gross) on Jun 19, 2019, compared
with Rs. 13,523 crore (gross) as on Jun 18, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 18,695
crore on Jun 18, 2019.
Banks borrowed Rs. 145 crore under the central bank’s Marginal
Standing Facility on Jun 18, 2019 compared to that of Rs. 6,511 crore
borrowed on Jun 17, 2019.
The Indian rupee was nearly flat against the greenback ahead of the
outcome of the U.S. Federal Reserve policy meeting. The rupee closed at
69.68 a dollar compared with the previous close of 69.70.
The euro edged higher against the greenback as market participants
preferred to remain on the sidelines ahead of the outcome of the U.S.
Federal Reserve monetary policy review. The euro was last seen trading
at 1.1212, up 0.19% compared with the previous close of 1.1191.
A Commerce Department report showed new residential construction
in the U.S. unexpectedly decreased from an upwardly revised level in May
2019. The Commerce Department said housing starts slid 0.9% to an
annual rate of 1.269 million in May from an upwardly revised Apr 2019
estimate of 1.281 million.
European Central Bank President said the central bank still has room to
cut interest rates and measures to cushion the side effect from low
interest rates. This led the U.S. President to say that the ECB chief’s
statement was unfair to the U.S.
Nifty Jun 2019 Futures were at 11,708.60, a premium of 17.15 points,
above the spot closing of 11,691.45. The turnover on NSE’s Futures and
Options segment increased to Rs. 15,36,664.31 crore on Jun 19, 2019,
compared with Rs. 11,74,332.30 crore on Jun 18, 2019.
The Put‐Call ratio stood at 0.90 compared with the previous session’s
close of 0.88.
The Nifty Put‐Call ratio stood at 1.15 compared with the previous
session’s close of 1.14.
Open interest on Nifty Futures stood at 21.16 million, compared with
the previous session’s close of 20.95.
Gold prices fell ahead of the outcome of the U.S. Federal Reserve policy
meeting. The Fed is expected to maintain its interest rate stance, while
giving cues on future interest rate movement.
Brent crude prices declined ahead of the release of crude oil stockpile
data from Energy Information Administration.
Thank you for
your time.