26 Jun 2018
Markets for You
Global Indices
Global Indices 25-Jun Prev_Day Abs. Change
% Change
#
Dow Jones 24,253 24,581 -328 -1.33
Nasdaq 7,532 7,693 -161 -2.09
FTSE 7,510 7,682 -172 -2.24
Nikkei 22,338 22,517 -179 -0.79
Hang Seng 28,961 29,339 -377 -1.29
Indian Indices 25-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,470 35,690 -219 -0.61
Nifty 50 10,762 10,822 -59 -0.55
Nifty 100 11,045 11,120 -74 -0.67
Nifty Bank 26,610 26,767 -157 -0.59
SGX Nifty 10,759 10,837 -78 -0.72
S&P BSE Power 1,986 2,006 -20 -1.02
S&P BSE Small Cap 16,392 16,540 -147 -0.89
S&P BSE HC 14,212 14,299 -87 -0.61
Date P/E Div. Yield P/E Div. Yield
25-Jun 22.69 1.25 26.48 1.23
Month Ago 22.81 1.16 26.24 1.21
Year Ago 22.80 1.25 24.37 1.11
Nifty 50 Top 3 Gainers
Company 25-Jun Prev_Day
% Change
#
Ultratech Cem 3752 3641 3.05
Bajaj Finance 2391 2336 2.34
Bharti Infratel 292 286 2.08
Nifty 50 Top 3 Losers Domestic News
Company 25-Jun Prev_Day
% Change
#
Tata Motors 289 308 -6.04
HPCL 299 311 -3.92
ICICI Bank 290 301 -3.64
Advance Decline Ratio
BSE NSE
Advances 819 478
Declines 1775 1322
Unchanged 153 73
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -5332
MF Flows** 65170
*25
th
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)
26 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
7.40%
(Jan-18)
7.00%
(Dec-17)
Quarter Ago
Inflow/Outflow
616
1241
4.44%
(Feb-18)
• Indian equity markets witnessed a lacklustre session and closed in the
red. Escalating concerns over the trade war between U.S. and China
continued to dent market sentiment. In the latest development, the U.S.
government is planning to impose curbs on Chinese investments in U.S.
technology companies and high-tech exports to China.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.61% and
0.55% to close at 35,470.35 and 10,762.45, respectively. S&P BSE Mid-
Cap and S&P BSE Small-Cap slipped 0.80% and 0.89%, respectively.
• The overall market breadth on BSE was weak with 1,775 scrips
declining and 819 scrips advancing. A total of 153 scrips remained
unchanged.
• On the BSE sectoral front, barring S&P BSE IT and S& BSE Teck, all the
indices closed in the red. S&P BSE Industrials was the major loser, down
1.83%, followed by S&P BSE Oil & Gas and S&P BSE Auto, which fell
1.55% and 1.51%, respectively. S&P BSE Energy and S&P BSE Capital
Goods slipped 1.40% and 1.31%, respectively.
• According to the vice-chairman of Niti Aayog, it is unlikely that
petroleum will be brought under the purview of Goods and Services Tax
(GST) any time soon. The vice chairman clarified that the highest tax
bracket under GST is 28% while the total state and central taxes on
petrol put together at present are around 90%. Thus, no state will be
ready to take such a huge cut even if petroleum is bought under GST. He
added that in such a case, a new GST band will have to be opened which
in itself will be a cumbersome exercise. On a separate note, the vice
chairman opined that a better way to bring petroleum under GST will be
to first start rationalizing/reducing taxes on petroleum products.
• Data from Reserve Bank of India (RBI) showed that Indian companies'
investments in their overseas subsidiaries/joint ventures fell 63% to
$1.17 billion in May 2018. India Inc's foreign direct investment in the
same period of the previous fiscal stood at $3.12 billion. India Inc's
foreign direct investment in Apr 2018 stood at $3.56 billion.
• According to media reports, the government is working to improve the
regulations for auditors and corporate professionals. The objective is to
strengthen the "fabric of corporate governance" in the country. The
move assumes significance as till recently there has been multiple
instances of auditors resigning from companies on various grounds.
• Hero MotoCorp announced that it is expecting double-digit growth for
its global business in FY19. The growth is expected to be driven by new
launches and additional focus on markets that have higher volumes
potential. The company is planning to enter Mexico in 2019.
• According to media reports, investment worth 13.5 billion pounds has
been aligned by Jaguar Land Rover, owned by Tata Motors, in the next
three years on new models, technology development and capacity
addition. By FY24, the company is planning to launch four new models
and has lined up 99 different 'product actions'.
• Asian markets mostly traded down on persisting concerns over trade
war between U.S. and China after the U.S. government hinted to block
Chinese investment in U.S. technology firms. Lower crude oil prices and
stronger yen further weighed on sentiment. However, some respite was
seen on news that reserve requirement ratio was lowered in some
Chinese banks. Today (as of June 26), Asian markets opened lower
following weak cues from Wall Street due to trade war concerns. Nikkei
and Hanseng fell 0.34% and 0.59%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed lower as continued
concerns about global trade war and effect of Brexit weighed on investor
sentiment. As per the reports, besides banning many Chinese companies
from investing in U.S. technology firms, U.S. President plans to block
additional technology exports to Beijing.
• As per the last close, U.S markets closed lower due to continued global
trade war concerns. As per the reports, U.S. President plans to ban many
Chinese companies from investing in U.S. technology firms and block
additional technology exports to Beijing.
Markets for You
FII Derivative Trade Statistics 25-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 2378.65 2445.42 24625.75
Index Options 64851.67 64849.49 76171.93
Stock Futures 13296.76 13230.75 83195.42
Stock Options 7289.19 7407.16 10585.15
Total 87816.27 87932.82 194578.25
25-Jun Prev_Day
Change
Put Call Ratio (OI) 1.48 1.65 -0.16
Indian Debt Market
Put Call Ratio(Vol) 0.92 1.06 -0.15
25-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 6.23% 6.17% 5.93% 6.08%
CBLO 6.26% 6.18% 5.08% 5.87%
Repo 6.25% 6.25% 6.00% 6.25%
Reverse Repo 6.00% 6.00% 5.75% 6.00%
91 Day T-Bill 6.44% 6.41% 6.20% 6.21%
364 Day T-Bill 7.00% 7.06% 6.25% 6.36%
10 Year Gilt 7.82% 7.88% 7.79% 6.46%
G-Sec Vol. (Rs.Cr) 26377 30799 30646 46122
Currency Market Update
FBIL MIBOR 6.35% 6.25% 6.02% 6.17%
3 Month CP Rate 7.50% 7.60% 8.35% 6.70%
5 Year Corp Bond 8.70% 8.78% 8.65% 7.48%
1 Month CD Rate 7.16% 6.78% 6.79% 6.31%
3 Month CD Rate 6.96% 7.06% 7.83% 6.34%
1 Year CD Rate 8.07% 8.07% 8.22% 6.65%
Commodity Market Update
Currency 25-Jun Prev_Day
Change
USD/INR 68.15 67.77 0.38
GBP/INR 90.27 89.96 0.32
EURO/INR 79.35 78.86 0.49
International News
JPY/INR 0.62 0.62 0.01
Commodity 25-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 68.76 65.91 67.87 42.84
Brent Crude($/bl) 72.56 74.34 77.14 43.18
Gold( $/oz) 1265 1278 1301 1256
Gold(Rs./10 gm) 30540 30693 31171 28753
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
26 June 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Jun 2018 Futures were at 10,757.65 points, a discount of 4.80
points, below the spot closing of 10,762.45. The turnover on NSE’s
Futures and Options segment went up to Rs. 7,56,917.32 crore on Jun
25 from Rs. 7,12,491.54 crore on Jun 22.
• The Put-Call ratio stood at 0.91 against previous session’s close of
0.90.
• The Nifty Put-Call ratio stood at 1.48 against the previous session’s
close of 1.65.
• Open interest on Nifty Futures stood at 27.04 million as against the
previous session’s close at 25.86 million.
• Bond yields remained steady. However, overall market sentiment
remained at subdued levels over concerns that oil prices might continue
to hover at elevated levels after the Organization of the Petroleum
Exporting Countries agreed on a modest output increase.
• Yield on the 10-year benchmark paper (7.17% GS 2028) remained
steady at 7.82% as against its previous close. During the session, bond
yields traded in the range of 7.80% and 7.86%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 9,136 crore (gross) on Jun 25, compared with
Rs. 18,698 crore (gross) on Jun 22. Sale of securities under the Reserve
Bank of India’s (RBI) reverse repo window stood at Rs. 27,692 crore on
Jun 22.
• Banks borrowed Rs. 2,042 crore under the central bank’s Marginal
Standing Facility on Jun 22 compared with Rs. 1,009 crore borrowed on
Jun 21.
• The rupee fell against the greenback following losses in the domestic
equity market amid persistent trade war fears between the U.S. and
China. Month-end dollar demand from oil importers also weighed on
the domestic currency.
• The euro rose against the greenback but remained under pressure as
investor risk sentiment remained subdued amid ongoing trade tensions
between the U.S. and the European Union.
• Gold prices inched up on weaker dollar against the euro.
• Brent crude prices fell on concerns over higher output from the oil
cartel as most of the member countries have agreed to raise output
levels. However, probable supply disruptions from Venezuela and Angola
limited the downside.
• Survey data from the Munich-based Ifo Institute showed that
Germany's business confidence weakened, as expected, in Jun 2018. The
business climate index dropped to 101.8 in Jun from 102.3 in May 2018.
The current situation indicator also fell to a 1-year low of 105.1 in Jun
from revised 106.1 in May. However, the expectations index held steady
at 98.6 in Jun 2018.
• The People's Bank of China lowered reserve requirement ratio (RRR) of
some banks to free up as much as CNY700 billion or $108 billion funds to
provide liquidity support for small businesses struggling with debt. The
reduction in RRR comes amid escalation of trade tensions between U.S.
and China with both sides threatening more tariffs on imports.
Markets for You
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