21Jun2018
MarketsforYou
GlobalIndices
GlobalIndices 20‐Jun Prev_Day Abs.Change
%Change
#
DowJones 24,658 24,700 ‐42 ‐0.17
Nasdaq 7,782 7,726 56 0.72
FTSE 7,627 7,604 24 0.31
Nikkei 22,555 22,278 277 1.24
HangSeng 29,696 29,468 228 0.77
IndianIndices 20‐Jun Prev_Day Abs.Change
%Change
#
S&PBSESensex 35,547 35,287 261 0.74
Nifty50 10,772 10,710 62 0.58
Nifty100 11,076 11,022 54 0.49
NiftyBank 26,558 26,266 292 1.11
SGXNifty 10,780 10,710 70 0.65
S&PBSEPower 2,006 1,994 13 0.63
S&PBSESmallCap 16,659 16,614 45 0.27
S&PBSEHC 14,272 14,228 45 0.32
Date P/E Div.Yield P/E Div.Yield
20‐Jun 22.80 1.25 26.52 1.22
MonthAgo 23.49 1.18 26.27 1.21
YearAgo 22.90 1.24 24.36 1.10
Nifty50Top3Gainers
Company 20‐Jun Prev_Day
%Change
#
RIL 1019 996 2.33
Vedanta 229 224 1.96
IndusIndBank 1967 1932 1.86
Nifty50Top3Losers DomesticNews
Company 20‐Jun Prev_Day
%Change
#
UnitedPhos 652 674 ‐3.24
IndianOil 165 169 ‐1.90
HPCL 308 313 ‐1.63
AdvanceDeclineRatio
BSE NSE
Advances 1317 897
Declines 1311 878
Unchanged 137 93
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐5506
MFFlows** 62860
*20
th
Jun2018;**18
th
Jun2018
EconomicIndicator
YoY(%) Current YearAgo
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)
21June2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
7.40%
(Jan‐18)
7.00%
(Dec‐17)
QuarterAgo
Inflow/Outflow
421
‐1411
4.44%
(Feb‐18)
•IndianequitymarketsedgedupasconcernsoverU.S.andChinatrade
war eased to some extent after media reports suggested that China may
announce policy stimulus to mitigate the negative impact of trad e
policies. Meanwhile, market participants keenly awaited the minutes of
the Monetary Policy Committee’s latest policy meeting.
• Key benchmark indices S&P BSE Sensex and Nifty 50 rose 0.74% and
0.58% to close at 35,547.33 and 10,772.05, respectively. S&P BSE Mid‐
Cap and S&P BSE Small‐Cap rose 0 .23% and 0.27%, respectively.
• The overall market breadth on BSE was positive with 1,317 scrips
advancing and 1,311 scrips declining. A total of 137 scrips remained
unchanged.
• On the BSE sectoral front, majority of the indices closed in the green.
S&P BSE Metal was the top gai ner, up 1.09%, followed by S &P BSE Bankex
and S&P BSE Energy, which rose 1.04% and 1.02%, respectively. S&P BSE
Finance and S&P BSE Realty rose 1.00% and 0 .83%, respectively.
Meanwhile, S&P BSE FMCG was the major loser, down 0.36%, followed by
S&P BSE Capital Goods and S&P BSE Oil & Gas, which slipped 0.28% and
0.27%, respectively.
• The Securities and Exchange Board of India (SEBI) is planning to
refurbish Initial Public Offering (IPO) n orms in order to lower any possible
misuse. The norms would include recognizing a wider set of institutional
investors such as alternative investment funds (AIFs), requiring financial
disclosures for three years from five currently and lowering disclosure of
the price band to two days before the issue opens from the current norm
of five days. The SEBI board would meet on Jun 21 to discuss the changes.
• The government plans to build 30 GW offshore wind capacity by 2030.
The move is expected to place India among leading markets in the
segment. The Minister for Power and New & Renewable Energy stated
that India’s target of achieving 175 GW renewable energy target by 2022
is expected to exceed by additional 50 GW within the same time p eriod.
• According to the Secretary of Department of Economic Affairs, India has
the potential to become a $10 trillion economy b y 2030. He h as further
mentioned t hat India would shortly ac hieve the targeted 3% fiscal deficit
level and that it will be more permanent and sustainable in nature.
• BHEL info rmed that it h as received two orders worth Rs . 10 billion
Telangana State Power Generation Corporation. Per the order, BHEL will
supply and install emission control equipment at Kothagudem and
Bhadradri thermal power stations.
• According to media reports, Cipla has received final approval from the
U.S. Food and Drug Administration for an HIV treatment drug Efavirenz.
• According to media reports, Volvo has d eclared its goal to use at least
25% recycled plastics in cars by 2025.
• According t o media reports, the Enforcement Directorate has
summoned the top management of InterGlobe Aviation in a case of
violations related to foreign exchange management act.
• According to media reports, the United Phosphorus L td. group i s in
exclusive talks to acquire Platform Specialty Products' agricultural
pesticides business.
• Asian markets mostly gained ahead of the m onetary policy meeting of
the Bank of England and a key meeting between the Organization of the
Petroleum Exporting Countries (OPEC) and Russia. Chinese market gained
as the Chinese central bank injected funds into the financial system via its
medium‐term lending facility to offset liquidity. Today (as of June 21),
Asian markets opened mostly positive despite mixed close on the Wall
Street Overnight. Both Nikkei and Hang Seng rose 0.25% and 0.42%,
respectively (as at 8.a.m. IST).
• As per the last c lose, Eu ropean markets rose marginally as market
participants bought stocks at lower prices after falling in the la st two
consecutive days. However, gains were limited due to the escalating
trade dispute between the U.S. and China.
• As per the l ast close, U.S markets closed on a mixed note. Technology
stocks rose after a major mass media company raised its offer to buy
most of the media assets of one of its major competitor. However, gains
were limited following decline in one of the Multinational Conglomerate
Company and a m ajor fast food chain share prices.
MarketsforYou
FIIDerivativeTradeStatistics 20‐Jun
(RsCr) Buy Sell OpenInt.
IndexFutures 2589.73 3300.08 22232.32
IndexOptions 67175.64 65480.54 75100.33
StockFutures 10237.60 10519.73 84973.39
StockOptions 7708.87 7625.20 10321.31
Total 87711.84 86925.55 192627.35
20‐Jun Prev_Day Change
PutCallRatio(OI) 1.56 1.47 0.08
IndianDebtMarket
PutCallRatio(Vol) 1.00 0.96 0.04
20‐Jun Wk.Ago Mth.Ago YearAgo
CallRate 6.24% 6.08% 5.97% 6.08%
CBLO 6.28% 6.14% 5.98% 6.20%
Repo 6.25% 6.25% 6.00% 6.25%
ReverseRepo 6.00% 6.00% 5.75% 6.00%
91DayT‐Bill 6.44% 6.43% 6.30% 6.20%
364DayT‐Bill 7.07% 7.02% 6.80% 6.38%
10YearGilt 7.83% 7.93% 7.83% 6.45%
G‐SecVol.(Rs.Cr) 27777 27689 37693 55434
CurrencyMarketUpdate
FBILMIBOR 6.30% 6.25% 6.04% 6.25%
3MonthCPRate 7.55% 7.75% 8.30% 6.70%
5YearCorpBond 8.71% 8.72% 8.55% 7.52%
1MonthCDRate 6.86% 6.99% 6.90% 6.28%
3MonthCDRate 6.89% 7.16% 7.70% 6.35%
1YearCDRate 8.10% 8.44% 8.14% 6.66%
CommodityMarketUpdate
Currency 20‐Jun Prev_Day Change
USD/INR 68.08 68.15 ‐0.07
GBP/INR 89.60 90.31 ‐0.71
EURO/INR 78.83 79.16 ‐0.33
InternationalNews
JPY/INR 0.62 0.62 0.00
Commodity 20‐Jun WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 65.92 66.63 71.18 43.29
BrentCrude($/bl) 73.59 74.16 79.37 43.02
Gold($/oz) 1268 1299 1292 1243
Gold(Rs./10gm) 30589 30385 30921 28531
Source:ThomsonReutersEikon
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21June2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty Jun 2018 Futures were at 10790.65 points, a premium of 18.60
points, above the spot closing of 10,772.05. The turnover on NSE’s
Futures and Options segment we nt up to Rs. 8,87,651.18 crore on Jun 20
from Rs. 6,67,240.74 crore on Jun 19.
•ThePut‐Call ratio stood at 0.94 against previous session’s close of 0.95.
• The Nifty Put‐Call ratio stood at 1.56 against the previous session’s
close of 1.47.
• Open interest on Nifty Futures stood at 26.00 million as against the
previous session’s close of 25.97 million.
• Bond yields fell after the Reserve Bank of India (RBI) announced to buy
government securities to the tune of Rs. 10,000 crore t hrough an open
market operation on Jun 21, 2018, to inject liquidity into the banking
system. However, further gains were capped as market participants
remained on the sidelines and awaited the minutes of the Monetary
Policy Committee’s Jun meeting for further cues on the extent and pace
of future rate hikes.
•Yieldonthe10‐year benchmark paper (7.17% GS 2028) dropped 3 bps
to close at 7 .83% from the previous close of 7.86%. During the session,
bond yields traded in the range of 7.79% and 7.85%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 19,796 crore (gross) on Jun 20, compared with
Rs. 12,201 crore (gross) on Jun 19. Sale of securities un der RBI’s reverse
repo window stood at Rs. 7,890 crore on Jun 19.
• The rupee rose against the greenback following gains in the domestic
equity market. Selling of the greenback by banks and ex porters further
boosted the domestic currency. The rupee rose 0.45% to close at 68.07
per dollar from the previous close of 68.38 per dollar.
• The euro inched down against the greenback after the U.S. Federal
Reserve chief advocated the c ase for gradual U.S. interest ra te increases
as the economy improves further. Euro was trading at $1.1581, down
0.06% from the previous close of 1.1588.
• Gold prices inched down as the People’s Bank of China hinted that
policymakers would take necessary measures to stabilise the nation’s
stock markets if required.
• Brent crude prices gained after U.S. oil inventories fell by 3.0 million
barrels for the week ended Jun 15.
• According to a report from the Commerce Department, U.S. housing
starts su r passed market expectations and grew 5% to an a n nual rate o f
1.350 million in May 2018 as against a decline of 3.1% to a revised rate of
1.286 million (1.287 million originally reported) in Apr 2018. This marked
the highest annual rate since Jul 2007. The increase reflects significant
increases in both single‐family and multi‐family starts.
• A report from Westpac showed that the Westpac‐Melbourne Institute
Leading index fell to +0.11% in May 2018 from +0.83% in Apr 2018.
MarketsforYou
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