25 Jun 2018
Markets for You
Global Indices
Global Indices 22-Jun Prev_Day Abs. Change
% Change
#
Dow Jones 24,581 24,462 119 0.49
Nasdaq 7,693 7,713 -20 -0.26
FTSE 7,682 7,556 126 1.67
Nikkei 22,517 22,693 -176 -0.78
Hang Seng 29,339 29,296 43 0.15
Indian Indices 22-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,690 35,432 257 0.73
Nifty 50 10,822 10,741 81 0.75
Nifty 100 11,120 11,040 80 0.72
Nifty Bank 26,767 26,497 270 1.02
SGX Nifty 10,837 10,738 100 0.93
S&P BSE Power 2,006 1,988 18 0.90
S&P BSE Small Cap 16,540 16,528 12 0.07
S&P BSE HC 14,299 14,114 185 1.31
Date P/E Div. Yield P/E Div. Yield
22-Jun 23.04 1.24 26.63 1.22
Month Ago 23.76 1.17 26.13 1.22
Year Ago 22.91 1.24 24.49 1.11
Nifty 50 Top 3 Gainers
Company 22-Jun Prev_Day
% Change
#
Sun Pharma 577 555 4.10
Ambuja Cem 205 197 4.04
Bajaj Finance 2336 2257 3.48
Nifty 50 Top 3 Losers Domestic News
Company 22-Jun Prev_Day
% Change
#
RIL 1013 1032 -1.88
HPCL 311 315 -1.28
Coal India 265 268 -1.06
Advance Decline Ratio
BSE NSE
Advances 1134 824
Declines 1436 938
Unchanged 139 104
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -6573
MF Flows** 65170
*22
nd
Jun 2018; **21
st
Jun 2018
Economic Indicator
YoY(%) Current Year Ago
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)
25 June 2018
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
7.40%
(Jan-18)
7.00%
(Dec-17)
Quarter Ago
Inflow/Outflow
616
1307
4.44%
(Feb-18)
• Indian equity markets closed in the green following gains in banking
and healthcare stocks. Positive sentiment in European markets due to
strong eurozone Purchasing Managers’ Index (PMI) data for Jun 2018
added to the gains. However, continuity of potential trade war restricted
the gains.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.73% and
0.75% to close at 35,689.60 and 10,821.85, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap grew 0.46% and 0.07%.
• The overall market breadth on BSE was weak with 1,436 scrips
declining and 1,134 scrips advancing. A total of 139 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Energy was the major loser, down
1.27% followed by S&P BSE Oil & Gas that fell 0.41%. S&P BSE Realty and
S&P BSE Information Technology fell 0.09% and 0.06%, respectively. S&P
BSE Healthcare and S&P BSE Telecom was the major gainer that grew
1.31% each followed by S&P BSE Finance that grew 1.27%.
• According to a media report, the Indian and U.S. officials are likely to
discuss the issues related to high tariffs on steel and aluminium products,
export benefits to certain domestic products and visa tightening norms
in an upcoming meeting on Jun 26-27. Both the countries will also talk on
their disputes at the World Trade Organisation (WTO).
• The government will launch the fourth tranche of the CPSE Exchange
Traded Fund (ETF). It has begun the search for merchant bankers who
will advise on the sale process. The government has already made three
tranches. In the first tranche in Mar 2014, the government has raised Rs.
11,500 crore -Rs. 3,000 crore, in the second tranche in Jan 2017, it raised
Rs. 6,000 crore and from the third tranche in Mar 2017, it raised Rs.
2,500 crore.
• According to the media reports, the centre is planning to withdraw
cash incentives that is currently available to buyers of electric cars. As
per the reports, the decision to withdraw incentives come as it neither
makes a substantial difference in promoting sales nor it serves the
purpose of a clean environment. Additionally, as per the reports, the
move is expected to further dampen sales of private electric cars.
• Emami Ltd. has picked up a 7.54% stake by investing $0.57 million in
US based start-up, Loli Beauty. This marks Emami’s third such investment
in a start-up in the cosmetics and beauty care space. Other two being
Gurgaon-based Helios Lifestyle and Ahmedabad-based Brillare Science,
in the last fiscal.
• JSW Steel will invest up to $500 million to acquire, upgrade and
enhance US-based integrated steel manufacturing unit Acero Junction
Inc in phases. Acero Junction Inc, an integrated steel manufacturing unit
with a potential capacity of 3 million tonne per annum, is located in
Ohio. The proposed investment will be made in two phases.
• Asian markets witnessed a mixed trend ahead of the outcome of the
OPEC’s two-day meeting in Vienna on Jun 22. Lingering concerns over
trade war between U.S. and China continued to weigh on market
sentiments. Meanwhile, buying interest found some support after euro
zone nations agreed on the plan to get Greece out of its eight-year
bailout program. Today (as of June 25), Asian markets opened almost on
a lower note amid concerns over trade tensions between the U.S. and
China. Nikkei and Hanseng fell 0.36% and 0.10%, respectively (as at
8.a.m. IST).
• As per the last close, European markets closed higher amid reports that
finance ministers from 19 nations finalized plans to get Greece out of its
eight-year bailout program. Also, some key positive economic data and
gains in Oil & Gas and Banking stocks boosted the indices.
• As per the last close, U.S markets closed on a mixed note. Gains in
energy stocks boosted the indices. Also, steel, chemical and gold stocks
witnessed moves to the upside. However, lingering trade concerns
between U.S. and China capped the gains.
Markets for You
FII Derivative Trade Statistics 22-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 2818.37 2550.56 23736.03
Index Options 115336.80 113311.62 73166.51
Stock Futures 10783.30 10888.84 83143.99
Stock Options 6517.78 6430.84 10474.11
Total 135456.25 133181.86 190520.64
22-Jun Prev_Day
Change
Put Call Ratio (OI) 1.65 1.48 0.17
Indian Debt Market
Put Call Ratio(Vol) 1.06 0.96 0.11
22-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 6.25% 6.10% 5.97% 6.10%
CBLO 5.39% 6.09% 6.01% 6.23%
Repo 6.25% 6.25% 6.00% 6.25%
Reverse Repo 6.00% 6.00% 5.75% 6.00%
91 Day T-Bill 6.45% 6.50% 6.30% 6.20%
364 Day T-Bill 7.05% 7.05% 6.82% 6.34%
10 Year Gilt 7.82% 7.89% 7.81% 6.45%
G-Sec Vol. (Rs.Cr) 29154 28561 23202 58598
Currency Market Update
FBIL MIBOR 6.31% 6.24% 6.09% 6.27%
3 Month CP Rate 7.58% 7.65% 8.40% 6.70%
5 Year Corp Bond 8.72% 8.78% 8.60% 7.48%
1 Month CD Rate 6.93% 7.00% 6.82% 6.28%
3 Month CD Rate 6.93% 7.04% 7.70% 6.35%
1 Year CD Rate 8.04% 8.46% 8.17% 6.66%
Commodity Market Update
Currency 22-Jun Prev_Day
Change
USD/INR 67.77 68.20 -0.43
GBP/INR 89.96 89.58 0.38
EURO/INR 78.86 78.79 0.06
International News
JPY/INR 0.62 0.62 0.00
Commodity 22-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 68.82 65.01 72.04 42.52
Brent Crude($/bl) 73.41 71.11 81.41 43.50
Gold( $/oz) 1268 1279 1291 1250
Gold(Rs./10 gm) 30484 31068 31065 28702
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
25 June 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty June 2018 Futures were at 10833.95 points, a premium of 12.10
points, above the spot closing of 10,821.85. The turnover on NSE’s
Futures and Options segment went down to Rs. 7,12,491.54 crore on
June 22 from Rs. 17,57,000.41 crore on June 21.
• The Put-Call ratio stood at 0.90 against previous session’s close of
0.88.
• The Nifty Put-Call ratio stood at 1.65 against the previous session’s
close of 1.48.
• Open interest on Nifty Futures stood at 25.86 million as against the
previous session’s close at 26.27 million.
• After falling in the last five consecutive days, bond yields rose ahead of
a key meeting of the Organization of the Petroleum Exporting Countries
and other oil producers.
• Yield on the 10-year benchmark paper (7.17% GS 2028) increased 5
bps to close at 7.82% from the previous close of 7.77%. During the
session, bond yields traded in the range of 7.77% and 7.84%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 18,698 crore (gross) on Jun 22, compared with
Rs. 24,136 crore (gross) on Jun 21. Sale of securities under the Reserve
Bank of India’s (RBI) reverse repo window stood at Rs. 8.678 crore on
Jun 21.
• Banks borrowed Rs. 1,009 crore under the central bank’s Marginal
Standing Facility on Jun 21 compared with that of Jun 20 when banks
borrowed Rs. 250 crore.
• The rupee rose against the U.S. dollar following selling of the
greenback by foreign banks. The greenback also remained under
pressure after the Philadelphia Fed business conditions index fell to one-
and-a-half-year low in Jun 2018. The rupee rose 0.21% to close at 67.84
per dollar from the previous close of 67.98 per dollar.
• The euro rose against the greenback after preliminary data showed
that business activity in both Germany and France accelerated in Jun
2018. Euro was trading at $1.1648, up 0.41% from the previous close of
1.1601.
• Gold prices inched up on renewed concerns over trade tensions after
the European Union imposed retaliated tariffs on about $3.4 billion of
U.S. imports.
• Brent crude prices gained after the OPE) and its allies have decided for
a modest level of rise in oil production effective from Jul 1.
• The governor of Bank of England (BoE) stated that Treasury's
announcement of capital injection of GBP 1.2 billion is a pioneering
financial arrangement and would strengthen the balance sheet. To
reinforce the pass-through of the reduction in interest rate to 0.25%, the
bank had launched Term Funding Scheme (TFS) in Aug 2016. The BoE
required an indemnity from the treasury for such loans. The governor
stated that if required the Monetary Policy Committee could re-launch
the TFS in future on the Bank's balance sheet, cementing 0% as the lower
limit.
• A flash report from the IHS Markit showed that Eurozone’s composite
output index surprisingly surged to 54.8 in Jun 2018 as against 54.1 in
May 2018. The services Purchasing Managers' Index (PMI) in the currency
bloc grew to 55.0 in Jun from 53.8 in May.
Markets for You
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