24 Jun 2019
Markets for You
Global Indices
Global Indices 21-Jun Prev_Day Abs. Change
% Change
#
Russell 3000 1,290 1,293 -4 -0.29
Nasdaq 8,032 8,051 -20 -0.24
FTSE 7,408 7,451 -44 -0.59
Nikkei 21,259 21,463 -204 -0.95
Hang Seng 28,474 28,550 -77 -0.27
Indian Indices 21-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 39,194 39,602 -407 -1.03
Nifty 50 11,724 11,832 -108 -0.91
Nifty 100 11,802 11,901 -99 -0.83
Nifty 500 9,582 9,646 -64 -0.67
Nifty Bank 30,628 30,781 -153 -0.50
S&P BSE Power 2,016 2,014 2 0.10
S&P BSE Small Cap 14,084 14,065 19 0.14
S&P BSE HC 12,688 12,796 -108 -0.84
Date P/E Div. Yield P/E Div. Yield
21-Jun 27.96 1.22 28.99 1.24
Month Ago 28.71 1.20 29.18 1.12
Year Ago 22.71 1.25 26.43 1.23
Nifty 50 Top 3 Gainers
Company 21-Jun Prev_Day
% Change
#
United Phos 890 870 2.28
Tech Mahindra 740 726 2.05
Indiabulls HFC 612 600 2.04
Nifty 50 Top 3 Losers Domestic News
Company 21-Jun Prev_Day
% Change
#
Yes Bank 110 115 -4.32
Maruti 6417 6617 -3.02
HDFC Ltd. 2141 2199 -2.66
Advance Decline Ratio
BSE NSE
Advances 1167 899
Declines 1333 920
Unchanged 149 112
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 76926
MF Flows** 5377
*21
st
Jun 2019; **20
th
Jun 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
3.05%
(May-19)
4.87%
(May-18)
IIP
3.40%
(Apr-19)
4.50%
(Apr-18)
GDP
5.80%
(Mar-19)
8.10%
(Mar-18)
24 June 2019
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI
from 2010 to 2012
Indian Equity Market
Indices Performance
P/E Dividend Yield
Sensex
Nifty
1.60%
(Jan-19)
6.60%
(Dec-18)
Quarter Ago
Inflow/Outflow
1074
-179
2.57%
(Feb-19)
• The Mutual Fund Advisory Committee (MFAC) of the Securities and
Exchange Board of India (SEBI) has proposed that the exposure limits of
liquid funds to non-banking financial companies (NBFCs) and housing
finance companies will be reduced in a phased manner, media reports
said. This could mean liquid funds may soon be allowed to invest only up
to 30% of their assets in securities issued by non-banks and mortgage
lenders. Banks’ refusal to lend has triggered a cash crunch at NBFCs, in
turn raising concerns that they will struggle to repay liquid funds that
have bought their debt papers.
• The U.S. administration refuted media reports saying U.S. is
considering putting limits on H-1B work visas for nations that force
foreign companies to store data locally. The State Department said they
have no plans to cap H-1B work visas for the reason. The H-1B
programme issues U.S. visas to skilled foreign workers and India is the
largest recipient of these temporary visas, most of them to workers at
big Indian technology firms.
• Media reports said the government could exceed the budget deficit
target previously set for the FY20. This could be because a slowing
economy is creating a big shortfall in tax collections and demands new
stimulus plans. The new finance minister will present her first budget on
Jul 5, 2019, for FY20.
• According to minister of road transport and highways, the government
is planning to offer smaller bundles of road projects under the toll-
operate-transfer (TOT) model as part of its asset monetisation plan. This
will help attract smaller investors. The minister said they are actively
scouting for ways to encourage private participation in the sector.
Markets for You
• Indian equity markets fell amid concerns that higher oil prices and
shortfall in monsoon rains could increase inflation and slow down
economic growth further. A military confrontation between Tehran and
Washington impacted markets the world. Also, media reports suggesting
that the government may exceed the budget deficit target for FY20
soured sentiment.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 1.03% and
0.91%, respectively to close at 39,194.49 and 11,724.10, respectively.
S&P BSE Mid-Cap lost 0.38% and S&P BSE Small Cap increased 0.14%,
respectively.
• The overall market breadth on BSE was weak with 1167 scrips
advancing and 1333 scrips declining. A total of 149 scrips remained
unchanged.
• On the BSE sectoral front, only two sectors gained. S&P BSE Basic
Materials was the major gainer, up 0.14%, followed by S&P BSE Power,
up 0.1%. S&P BSE Auto was the major loser, down 1.32%, followed by
S&P BSE Energy and S&P BSE Telecom, down 1.13% and 1.08%,
respectively. S&P BSE Fast Moving Consumer Goods and S&P BSE
Healthcare lost 0.91% and 0.84%, respectively.
• Asian equity markets were mixed because of escalating tensions
between the U.S. and Iran as well as China and U.S. Iran shot down a U.S.
military drone over the Strait of Hormuz. Media reports said the U.S.
President changed his mind after initially approving a military strike
against the country. Today (as of Jun 24), Asian markets opened higher
following increase in crude oil prices. Both Nikkei and Hang Seng were
trading up 0.04% and 0.11%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed lower amid increased
tensions in the Middle East and uncertainty about the near-term
outlook. However, data showing that euro area private sector expanded
at the fastest pace in seven months in Jun 2019 restricted losses.
• As per the last close, U.S markets closed lower after the Commerce
Department barred five more Chinese companies from buying U.S.
components without approval. Investors were also cautious amid
escalating tensions between the U.S. and Iran and ahead of G20 summit
scheduled this week.
FII Derivative Trade Statistics 21-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 4763.87 5000.86 23523.41
Index Options 440767.86 439259.62 58993.19
Stock Futures 14694.66 13618.94 87746.32
Stock Options 6700.17 6566.77 4666.82
Total 466926.56 464446.19 174929.74
21-Jun Prev_Day
Change
Put Call Ratio (OI) 1.34 1.55 -0.21
Indian Debt Market
Put Call Ratio(Vol) 0.98 1.03 -0.05
21-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 5.78% 5.83% 5.94% 6.24%
T-Repo 5.66% 5.66% 5.98% 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% 5.98% 6.35% 6.40%
364 Day T-Bill 6.03% 6.10% 6.40% 7.03%
10 Year Gilt 6.86% 6.92% 7.30% 7.77%
G-Sec Vol. (Rs.Cr) 68502 92107 23486 43995
Currency Market Update
FBIL MIBOR 5.90% 5.80% 6.05% 6.30%
3 Month CP Rate 6.95% 6.70% 7.20% 7.58%
5 Year Corp Bond 8.08% 8.04% 8.31% 8.65%
1 Month CD Rate 5.99% 6.03% 6.92% 6.85%
3 Month CD Rate 6.36% 6.33% 7.07% 7.12%
1 Year CD Rate 7.17% 7.15% 7.53% 8.04%
Commodity Market Update
Currency 21-Jun Prev_Day
Change
USD/INR 69.63 69.56 0.07
GBP/INR 88.37 88.38 -0.01
EURO/INR 78.59 78.47 0.11
International News
JPY/INR 64.90 64.69 0.21
Commodity 21-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 57.30 52.42 62.97 65.68
Brent Crude($/bl) 67.43 64.57 73.93 72.61
Gold( $/oz) 1399 1341 1275 1267
Gold(Rs./10 gm) 33909 33061 31540 30437
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
24 June 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Jun 2019 Futures were at 11,753.45, a premium of 29.35 points,
above the spot closing of 11,724.10. The turnover on NSE’s Futures and
Options segment decreased to Rs. 7,79,765.92 crore on Jun 21, 2019,
compared with Rs. 26,32,425.19 crore on Jun 20, 2019.
• The Put-Call ratio stood at 0.92 compared with the previous session’s
close of 0.82.
• The Nifty Put-Call ratio stood at 1.34 compared with the previous
session’s close of 1.55.
• Open interest on Nifty Futures stood at 21.49 million, compared with
the previous session’s close of 21.63.
• Bond yield went up as crude oil prices surged with rising geopolitical
tension between the U.S. and Iran. Besides, media reports stating that
the government may expand fiscal deficit target raised fiscal uncertainty
and pushed the yield higher.
• Yield on the 10-year benchmark paper (7.26% GS 2029) moved up 7
bps to close at 6.86% compared with the previous close of 6.79%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 5,123 crore (gross) on Jun 21, 2019, compared
with Rs. 7,127 crore (gross) as on Jun 20, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 11,999
crore on Jun 20, 2019.
• Banks borrowed Rs. 1,836 crore under the central bank’s Marginal
Standing Facility on Jun 20, 2019 compared to that of Rs. 201 crore
borrowed on Jun 19, 2019.
• The Conference Board said its reading on leading U.S. economic
indicators was unchanged in May 2019 with positive contributions from
financial conditions and consumers' outlook offset by weakness in stock
prices and the manufacturing sector. The Conference Board said its
leading economic index was unchanged in May after inching up 0.1% in
Apr 2019.
• According to a report released by the Federal Reserve Bank of
Philadelphia, Philadelphia-area manufacturing activity was nearly
stagnant in Jun 2019. The Philly Fed said its index for current general
activity tumbled to 0.3 in Jun from 16.6 in May.
Markets for You
• The Indian rupee declined against the dollar after early gains due to
greenback sales by private banks were eroded by surge in crude oil prices
due to rising U.S.-Iran geopolitical tension. The rupee closed at 69.55 a
dollar, down 0.16% compared with the previous close of 69.44.
• The euro edged higher against the greenback after German services
and manufacturing sector and French business activities reported better-
than-expected numbers in Jun. The euro was last seen trading at 1.1314,
up 0.20% compared with the previous close of 1.1291.
• Gold prices continue to surge with aggravating geopolitical tension
between the U.S. and Iran.
• Brent crude prices surged amid geopolitical tension between the U.S.
and Iran after Iranian forces shot down a U.S. military drone.
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