GlobalIndices 21Jun Prev_Day Abs.Change
DowJones 24,462 24,658 196 0.80
Nasdaq 7,713 7,782 69 0.88
FTSE 7,556 7,627 71 0.93
Nikkei 22,693 22,555 138 0.61
HangSeng 29,296 29,696 400 1.35
IndianIndices 21Jun Prev_Day Abs.Change
S&PBSESensex 35,432 35,547 115 0.32
Nifty50 10,741 10,772 31 0.29
Nifty100 11,040 11,076 36 0.33
NiftyBank 26,497 26,558 61 0.23
SGXNifty 10,738 10,780 43 0.39
S&PBSEPower 1,988 2,006 18 0.91
S&PBSESmallCap 16,528 16,659 131 0.79
S&PBSEHC 14,114 14,272 159 1.11
Date P/E Div.Yield P/E Div.Yield
21Jun 22.71 1.25 26.43 1.23
MonthAgo 23.71 1.18 26.08 1.22
YearAgo 22.85 1.25 24.31 1.11
Company 21Jun Prev_Day
IndianOil 170 165 2.93
BPCL 422 411 2.74
HPCL 315 308 2.37
Nifty50Top3Losers DomesticNews
Company 21Jun Prev_Day
M&M 884 904 2.30
Dr.Reddy 2316 2368 2.17
BhartiInfratel 280 285 2.00
Advances 808 470
Declines 1793 1308
Unchanged 132 86
Description(Cr) YTD
FIIFlows* 7880
MFFlows** 63313
YoY(%) Current YearAgo
Sensex Nifty
Indian equity markets remained under pressure during the session, with
brief stance of recovery, due to lack of any positive triggers on the
domestic front. The minutes of the Monetary Policy Committee’s (MPC)
latest policy meeting held early this month gave no indication of
policymakers’ stance on future rate hikes, citing uncertainties on oil and
food prices. Weak global cues neutralised the risk appetite of investors as
China continued to retaliate ag ainst U.S. protectionist move in form of
tariff hikes on Chinese goods imports.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.32% and
0.29% to close at 35,432.39 and 10,741.10, respectively. S&P BSE Mid Cap
On the BSE sectoral front, barring S&P BSE Energy and S&P BSE Oil &
Gas, all the indices closed in the red. S&P BSE Telecom was the m ajor
loser, down 1.61%, followed by S&P BSE Healthcare and S&P BSE Capital
Goods, which fell 1.11% an d 1.09%, respectively. S&P BSE Metal and S&P
BSE Basic Materials fell 0.98% and 0.97%, respectively.
According to minutes of Monetary Policy Committee’s second monetary
policy meeting for FY19, interest rate increase in Jun 2018 reflects rising
inflation due to high oil prices. Members raised concerns over rising
inflationary pressures. The members who had voted for rate hike in Jun
2018 kept the stance as “neutral” as they chose t o wait for more clarity
on the inflationary impact of government’s decision to increase minimum
purchase price of food grains and the direction of oil prices.
As per a notification by the finance ministry, the government has
decided to raise customs duty on several goods, including Bengal gram,
lentils and artemia, along with certain kind of nuts, iron and steel
products, apples, pea rs, f lat rolled products of stainless steel, other alloy
steel, tube and pipe fittings, and screws, bolts and rivets. The import duty
hike would be effective from Aug 4, 2018.
The time for the announcement of price band for initial public offers
Exchange Board of India (SEBI). Also, SEBI has tweaked buyback norms
and aims to ease regulations for foreign portfolio investors and mutual
funds. The buyback period has also been redefined by SEBI.
According to the president of Tata Motors, the company is looking to
launch aroun d 50 commercial vehicles in FY19, similar to the last year, to
solidify its position in the segment. Also, the company aims to save close
to Rs. 1,900 crore in the fiscal, similar to the last fiscal, by way of
enforcing costsaving measures.
Finnish telecom gear maker Nokia said it has inked a fiveyear global IT
infrastructure and application services deal with Indian IT fi rm HCL
Technologies. The financial terms of the deal were not disclosed.
Arvind Ltd is looking to grow its own brand under the Arvind umbrella
from the current Rs. 400 crore t o Rs. 1 ,000 crore i n the next 45years.
According to the company’s chief executive officer, the key growth driver
of Lifestyle fabrics for the knits and wovens division, will come in from
fabrics as well as the ready to wear segment.
Asian markets traded mixed ahead of a key meeting between OPEC and
nonOPEC countries on raising g lobal crude s upply and positive c ues from
overnight U.S. market. Speculation over monetary policy easing by the
People’s Bank of China further supported sentiment. However, investors
remained concerned over renewed global trade tensions. Today (as of
June 22), Asian markets opened negative following decline on the Wall
Street Overnight. Both Nikkei and Hang Seng dropped 0.98% and 0.58%,
respectively (as at 8.a.m. IST).
As per the last close, European markets declined on the back of tension
in the oil market ahead of an OPEC meeting outcome that could expand
crude production. Automakers were under pressure following a warning
from Germany's auto major.
As per the last close, U.S markets fell partially due to lingering concerns
about the trade dispute between the U.S. and China. Uncertainty about
the outcome of OPEC’s meeting on Friday, further dampened sentiments.
Smaller than expected increase in the U.S. leading economic index in
May, further increased losses.
FIIDerivativeTradeStatistics 21Jun
(RsCr) Buy Sell OpenInt.
IndexFutures 2192.04 3439.32 23798.98
IndexOptions 88443.33 87198.91 75706.04
StockFutures 10509.40 9934.65 84892.41
StockOptions 6298.92 6178.58 10472.61
Total 107443.69 106751.46 194870.04
21Jun Prev_Day Change
PutCallRatio(OI) 1.48 1.56 0.07
PutCallRatio(Vol) 0.96 1.00 0.04
21Jun Wk.Ago Mth.Ago YearAgo
CallRate 6.24% 6.09% 5.96% 6.10%
CBLO 6.29% 6.06% 6.00% 6.23%
Repo 6.25% 6.25% 6.00% 6.25%
ReverseRepo 6.00% 6.00% 5.75% 6.00%
91DayTBill 6.40% 6.50% 6.25% 6.23%
364DayTBill 7.03% 7.05% 6.80% 6.36%
10YearGilt 7.77% 7.94% 7.81% 6.43%
GSecVol.(Rs.Cr) 43995 27770 27694 78555
FBILMIBOR 6.35% 6.25% 6.05% 6.25%
3MonthCPRate 7.58% 7.65% 8.30% 6.71%
5YearCorpBond 8.69% 8.82% 8.56% 7.50%
1MonthCDRate 6.85% 6.99% 7.10% 6.29%
3MonthCDRate 7.12% 7.38% 7.71% 6.35%
1YearCDRate 8.04% 8.46% 8.12% 6.66%
Currency 21Jun Prev_Day Change
USD/INR 68.20 68.08 0.11
GBP/INR 89.58 89.60 0.02
EURO/INR 78.79 78.83 0.03
JPY/INR 0.62 0.62 0.00
Commodity 21Jun WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 65.68 66.91 72.21 42.43
BrentCrude($/bl) 72.61 73.86 79.33 43.66
Gold($/oz) 1267 1302 1292 1246
Gold(Rs./10gm) 30437 31049 30881 28567
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Nifty Jun 2018 Futures were at 10737.15 points, a discount of 3.95
points, below the spot closing of 10,741.10. The turnover on NSE’s
Futures and Options segment went up to Rs. 17,57,000.41 crore on Jun
21 from Rs. 8,87,651.18 crore on Jun 20.
•ThePutCall ratio stood at 0.88 against previous session’s close of 0.94.
The Nifty PutCall ratio stood at 1.48 against the previous session’s
close of 1.56.
India VIX moved up 3.08% to 12.5475 from 12.1725 in the previous
trading session.
Open interest on Nifty Futures stood at 26.27 million as against the
previous session’s close of 26.00 million.
B ond yields fell for the fifth consecutive day following decline i n global
crude oil prices ahead of a meeting between the members of the
Organization of the Petroleum Exporting Countries Jun 22.
•Yieldonthe10year benchmark paper (7.17% GS 2028) dropped 5 bps
to close at 7 .77% from the previous close of 7.83%. During the s ession,
bond yields traded in the range of 7.76% and 7.81%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 24,136 crore (gross) on Jun 21, compared with
Rs. 19,796 crore (gross) on Jun 20. Sale of secu rities under the Reserve
Bank of India’s (RBI) reverse repo window stood at Rs. 4,692 crore on Jun
Banks borrowed Rs. 250 crore under the central bank’s Marginal
Standing Facility on Jun 20 compared with that of Jun 19 when banks
borrowed Rs. 300 crore.
The rupee rose against the U.S. dollar following selling of the
greenback by exporters and intervention by the Reserve Bank of India.
The rupee rose 0. 13% to close at 67.98 pe r dollar from the previous clo se
of 68.07 per dollar.
The euro rose against the greenback after Philadelphia Fed business
conditions index fell in Jun 2018. Howe ver, gains were capped after the
initial jobless claims for the week ended Jun 16 fell unexpectedly. Euro
was trading at $1.1585, up 0.13% from the previous close of 1.1570.
Gold prices fell on concerns over rise in interest rates in the U.S. after
the Fe der al Reserve chairman hinted t hat the bank will continue to raise
B rent crude prices fell on expectations that t he OPEC and Russia might
come to a consensus to raise output in the upcoming meeting.
According to a report from the National Association of Realtors, U.S.
existing home sales declined 0.4% to an annual rate of 5.43 million in
May 2018 as against a decline of 2.7% to downwardly revised figure of
5.45 million (5.46 million originally reported) in Apr 2018. Existing home
sales were expected to rise in May.
Policymakers of Bank of England kept the key interest rate unchanged
at 0.50%. Members voted 63 to maintain the benchmark rate. However,
all members agreed that any future increases are likely to be at a slow
pace and to a limited extent. Also, all members voted to maintain
quantitative easing at GBP 435 billion. The monetary policy com mittee
does not intend to lower the current stock of purchased assets until bank
rate reaches around 1.5% compared with the previous guidance of
approximately 2%.
Thank you for
your time.