26 Jun 2019
Markets for You
Global Indices
Global Indices 25-Jun Prev_Day Abs. Change
% Change
#
Russell 3000 1,267 1,285 -18 -1.38
Nasdaq 7,885 8,006 -121 -1.51
FTSE 7,422 7,417 6 0.08
Nikkei 21,194 21,286 -92 -0.43
Hang Seng 28,186 28,513 -327 -1.15
Indian Indices 25-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 39,435 39,123 312 0.80
Nifty 50 11,796 11,700 97 0.83
Nifty 100 11,872 11,783 89 0.75
Nifty 500 9,633 9,564 69 0.72
Nifty Bank 30,847 30,602 245 0.80
S&P BSE Power 2,051 2,024 27 1.35
S&P BSE Small Cap 14,108 14,063 45 0.32
S&P BSE HC 12,734 12,695 39 0.31
Date P/E Div. Yield P/E Div. Yield
25-Jun 28.47 1.19 29.17 1.24
Month Ago 28.91 1.20 29.44 1.11
Year Ago 22.69 1.25 26.48 1.23
Nifty 50 Top 3 Gainers
Company 25-Jun Prev_Day
% Change
#
BPCL 393 381 3.22
Lupin 754 733 2.95
RIL 1296 1262 2.65
Nifty 50 Top 3 Losers Domestic News
Company 25-Jun Prev_Day
% Change
#
Yes Bank 110 112 -1.70
Bharti Infratel 270 273 -1.10
Asian Paints 1363 1376 -0.95
Advance Decline Ratio
BSE NSE
Advances 1249 966
Declines 1274 830
Unchanged 165 102
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 75981
MF Flows** 7275
*25
th
Jun 2019; **24
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)
26 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
1248
57
2.57%
(Feb-19)
• Indian equity markets gained as investors looked forward to the Union
Budget 2019-20, to be presented by the finance minister on Jul 5, 2019.
Investors are hoping the minister will announce measures to give the
slowing economy a push.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.80% and
0.83%, respectively to close at 39,434.94 and 11,796.45, respectively.
S&P BSE Mid-Cap and S&P BSE Small Cap gained 0.66% and 0.32%,
respectively.
• The overall market breadth on BSE was weak with 1252 scrips
advancing and 1270 scrips declining. A total of 166 scrips remained
unchanged.
• Among the 31-stock sensitive Sensex pack, Reliance was the major
gainer, up 2.63%, followed by NTPC and Axis Bank, up 2.51% and 2.49%,
respectively. Yes Bank was the major loser, down 1.70%, followed by
Asian Paints and IndusInd Bank, down 0.96% and 0.73%, respectively.
• Media reports said the government has sought the views of states on
whether the crop insurance scheme should be made voluntary for
farmers. At present, the scheme is compulsory in nature. This was done
after some state governments and farmer unions demanded the
Agriculture Ministry make the scheme voluntary. In its written reply, the
government said the scheme is made compulsory for farmers who have
availed loans and remains voluntary for those who have not availed
loans.
• India is considering giving incentives to attract companies moving out
of China as the trade war with the U.S. rages on, said media reports.
Financial incentives such as preferential tax rates and the tax holiday
provided by countries like Vietnam to attract companies are steps being
considered. Industries identified for incentives include electronics,
consumer appliances, electric vehicles, footwear and toys, the report
said. Countries, including Vietnam and Malaysia, have benefited from
businesses trying to sidestep tariffs, while India has largely missed out on
any investment opportunity. This is part of the larger plan to cut
dependence on imports, while boosting exports. It would require finance
minister’s approval.
• Media reports said Reliance Industries (RIL) has entered into deals with
offshore lenders for taking long-term loans aggregating $1.85 billion. This
is being done to meet a part of its planned capital expenditure. RIL said,
"on an ongoing basis it evaluates financing opportunities with lenders in
the normal course of business."
• Internet and Mobile Association of India (IAMAI) has made Amazon
India head Amit Agarwal its new chairman. Agarwal assumes office when
the industry is on a growth trajectory with more than 500 million
internet users in India.
• OYO Hotels & Homes plans to invest $100 million in China towards
quality and system improvements and hiring. This allocation is a part of
the $600 million OYO had committed in 2018 to its China business. In 18
months since its entry into China, OYO has expanded to over 337 cities
and 500,000 rooms, hiring over 10,000 people.
• Asian equity markets declined as investors remained cautious ahead of
the G-20 summit, scheduled later in the week. U.S. and Chinese
Presidents are going to meet on the sidelines of the summit in Osaka,
Japan. U.S.-Iran tensions also dampened sentiment since the U.S.
President has imposed harsh new sanctions on Iran. Today (as of June
26), Asian markets opened lower on reports that U.S. Fed Chairman has
tempered expectations for a potential interest rate cut in the near-term.
Nikkei and Hangseng fell 0.54% and 0.32%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed lower amid intensifying
geopolitical tensions between the U.S. and Iran. Further, investors
remained cautious whether U.S. and China will make any progress on
trade at the G20 summit beginning on Jun 28, 2019.
• As per the last close, U.S markets closed lower following substantial
deterioration in U.S. consumer confidence in Jun 2019 and steep decline
in new home sales in May. Further, comments for U.S. Federal Reserve
Chairman that stoked optimism around a potential rate cut in Jul 2019
added to the losses.
Markets for You
FII Derivative Trade Statistics 25-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 4615.11 4298.43 24305.41
Index Options 164594.08 164695.83 63472.60
Stock Futures 27343.94 27465.32 88441.18
Stock Options 4432.57 4480.51 4289.89
Total 200985.70 200940.09 180509.08
25-Jun Prev_Day
Change
Put Call Ratio (OI) 1.52 1.30 0.21
Indian Debt Market
Put Call Ratio(Vol) 0.89 0.86 0.03
25-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 5.78% 5.75% 5.88% 6.23%
T-Repo 5.47% 5.64% 5.92% NA
Repo 5.75% 5.75% 6.00% 6.25%
Reverse Repo 5.50% 5.50% 5.75% 6.00%
91 Day T-Bill 5.94% 5.92% 6.21% 6.44%
364 Day T-Bill 6.08% 6.07% 6.34% 7.00%
10 Year Gilt 6.88% 6.81% 7.23% 7.82%
G-Sec Vol. (Rs.Cr) 51363 137594 58585 26377
Currency Market Update
FBIL MIBOR Closed 5.90% 6.00% 6.31%
3 Month CP Rate 6.95% 6.70% 6.90% 7.50%
5 Year Corp Bond 8.05% 7.99% 8.26% 8.70%
1 Month CD Rate 6.02% 5.98% 6.54% 7.16%
3 Month CD Rate 6.30% 6.36% 6.65% 6.96%
1 Year CD Rate 7.23% 7.21% 7.44% 8.07%
Commodity Market Update
Currency 25-Jun Prev_Day
Change
USD/INR 69.34 69.48 -0.14
GBP/INR 88.42 88.68 -0.27
EURO/INR 79.05 79.11 -0.06
International News
JPY/INR 0.65 0.65 0.00
Commodity 25-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 57.60 53.81 58.39 68.76
Brent Crude($/bl) 67.68 64.79 68.97 72.56
Gold( $/oz) 1423 1346 1285 1265
Gold(Rs./10 gm) 34329 32918 31591 30540
Source: Thomson Reuters Eikon
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26 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 11,810.30, a premium of 13.85 points,
above the spot closing of 11,796.45. The turnover on NSE’s Futures and
Options segment increased to Rs. 11,57,999.57 crore on Jun 25, 2019,
compared with Rs. 8,03,654.63 crore on Jun 24, 2019.
• The Put-Call ratio stood at 0.88 compared with the previous session’s
close of 0.91.
• The Nifty Put-Call ratio stood at 1.52 compared with the previous
session’s close of 1.30.
• Open interest on Nifty Futures stood at 22.21 million, compared with
the previous session’s close of 22.07.
• Bond yield rose as market participants turned cautious on
expectations of wider fiscal deficit target compared with was set out at
Feb’s interim budget. In addition, fresh supply through state debt of Rs.
13.5 billion also pushed the yield higher.
• Yield on the 10-year benchmark paper (7.26% GS 2029) went up 3 bps
to 6.88% compared with the previous close of 6.85% after trading in a
range of 6.83% to 6.90%.
• Banks borrowings under the repo window of the LAF stood at Rs.
10,982 crore (gross) on Jun 25, 2019, compared with Rs. 11,382 crore
(gross) as on Jun 24, 2019. Sale of securities under RBI's reverse repo
window stood at Rs. 14,980 crore on Jun 24, 2019.
• Banks borrowed Rs. 2,322 crore under the central bank’s Marginal
Standing Facility on Jun 24, 2019 compared to that of Rs. 1,400 crore
borrowed on Jun 21, 2019.
• The Indian rupee inched up against the greenback following gains in
the domestic equity market. However, greenback demand from state
run banks neutralized most of the gains. The rupee closed at 69.34 a
dollar, up 0.01% compared with the previous close 69.35.
• The euro was almost steady against the greenback as market
participants preferred to remain on the side-lines ahead of speeches
from U.S. Fed policymakers. The euro was last seen trading at 1.1391,
down 0.04% compared with the previous close of 1.1396.
• Gold prices continued to rally amid policy rate cut hopes by the U.S.
Federal Reserve and other central banks.
• Brent crude prices were up on rising U.S.-Iran tension over the recent
downing of a U.S. unmanned surveillance drone.
• Destatis data showed Germany's construction orders declined in Apr
2019 from Mar 2019. The price-adjusted orders in construction industry
decreased by a seasonally and working-day adjusted 1.7% MoM in Apr.
This fall was due to the high order intake on the back of particularly
good development.
• The Bank of Japan said producer prices in Japan were up 0.8% YoY in
May 2019 and less than expectations. It came in less than 1.0% gain in
Apr 2019. On a monthly basis, producer prices dipped 0.3% after easing
0.1% in the previous month.
Markets for You
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