27 Jun 2018
Markets for You
Global Indices
Global Indices 26-Jun Prev_Day Abs. Change
% Change
#
Dow Jones 24,283 24,253 30 0.12
Nasdaq 7,562 7,532 30 0.39
FTSE 7,538 7,510 28 0.37
Nikkei 22,342 22,338 4 0.02
Hang Seng 28,881 28,961 -80 -0.28
Indian Indices 26-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,490 35,470 20 0.06
Nifty 50 10,769 10,762 7 0.06
Nifty 100 11,054 11,045 9 0.08
Nifty Bank 26,602 26,610 -8 -0.03
SGX Nifty 10,760 10,759 1 0.01
S&P BSE Power 1,969 1,986 -16 -0.82
S&P BSE Small Cap 16,296 16,392 -97 -0.59
S&P BSE HC 14,129 14,212 -83 -0.58
Date P/E Div. Yield P/E Div. Yield
26-Jun 22.69 1.25 26.02 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 26-Jun Prev_Day
% Change
#
Ambuja Cem 212 207 2.49
Coal India 265 259 2.37
Ultratech Cem 3840 3752 2.35
Nifty 50 Top 3 Losers Domestic News
Company 26-Jun Prev_Day
% Change
#
Tata Motors 277 289 -4.34
RIL 979 1004 -2.54
Cipla 600 611 -1.95
Advance Decline Ratio
BSE NSE
Advances 850 552
Declines 1786 1237
Unchanged 127 85
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -5013
MF Flows** 65170
*26
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)
27 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
320
4.44%
(Feb-18)
• According to an order issued by the Personnel Ministry, the centre has
decided to discontinue overtime allowance (OTA) given to its employees.
However, the same would not be revised for the operational staff. The
operational staff would continue to receive the amount as per its order
issued in 1991.
• China’s central cabinet announced that beginning Jul 1, 2018, China will
cut import tariffs on goods from India and certain Asia-Pacific countries.
As per media reports, from current rate of 3%, the tariffs on soybean
imported from India, South Korea, Bangladesh, Laos, and Sri Lanka will
be lowered to 0%. Additionally, as per the reports, imported products
such as chemicals, agricultural products, medical supplies, clothing, steel
and aluminium will also get benefit of certain tariff reductions.
• Notices have been issued by the indirect tax department to the
companies that passed off cash balance lying in their personal ledger
account (PLA) to the transitional credit after the tax system moved to
Goods and Services Tax (GST). PLA is a cash ledger account with the
central government that is utilized by the companies to add money to
settle specific tax liabilities. However, it cannot be used to pay tax under
GST.
• With one unit each in the north and south India, the government is
planning to set up at least two integrated steel plants to process
scrapped steel. India generates more than 27 million tonnes of scrap
every year and approximately 8.6 million tonnes of scrap is imported
every year. The union minister for steel stated that the Ministry of Road
Transport and Highways is preparing a blueprint for this policy.
• According to media reports, the Fifteenth Finance Commission will
likely propose to restart performance-based incentives for states. For
these incentives, the states will be assessed on certain parameters. The
performance-based incentives were suggested by the 13th Finance
Commission but omitted by the 14th Finance Commission.
Markets for You
• Asian markets witnessed a mixed trend amid ongoing concerns over
deepening trade row between U.S. and China. Some positive vibes were
generated after U.S. Treasury Secretary said that the reports stating
restrictions on Chinese investment in U.S. technology companies are
false. Today (as of June 27), Asian markets opened on a mixed note.
Gains in energy stocks boosted the indices. However, trade war concerns
restricted the gains. Nikkei and Hanseng fell 0.53% and 0.32%,
respectively (as at 8.a.m. IST).
• As per the last close, European markets closed on a mixed note.
Bargain hunting led to gains. However, gains were capped as investors
remained cautious due to global trade war concerns.
• As per the last close, U.S markets closed slightly higher due to gains in
housing, utilities and energy stocks. However, gains were capped amid
lingering trade war concerns and weak consumer confidence index data
for Jun 2018. Weakness in gold, biotechnology, and banking stocks also
weighed on the indices.
• Indian equity markets closed almost flat due to mixed cues from the
global markets following intensifying trade tensions between U.S. and
other major economies. Decline in one of the auto majors due to
lingering concerns over auto tariff threat by the U.S. weighed on the
indices. Meanwhile, investors preferred to remain on the sidelines ahead
of the June F&O expiry due on Jun 28, 2018.
• Key benchmark indices S&P BSE Sensex and Nifty 50 both grew 0.06%
to close at 35,490.04 and 10,769.15, respectively. S&P BSE Mid-Cap and
S&P BSE Small Cap fell 0.33% and 0.59%.
• The overall market breadth on BSE was weak with 1,786 scrips
declining and 850 scrips advancing. A total of 127 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Energy was the major loser, down
1.15% followed by S&P BSE Power that fell 0.82%. S&P BSE Industrials
and S&P BSE Realty fell 0.74% and 0.69%, respectively. S&P BSE Telecom
was the major gainer that grew 1.09% followed by S&P BSE FMCG and
S&P BSE Teck that grew 0.77% and 0.70%.
FII Derivative Trade Statistics 26-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 4823.82 6305.64 24971.02
Index Options 69911.65 69975.87 75374.01
Stock Futures 20954.84 21278.67 81805.34
Stock Options 6523.50 6464.44 10435.34
Total 102213.81 104024.62 192585.71
26-Jun Prev_Day
Change
Put Call Ratio (OI) 1.53 1.48 0.04
Indian Debt Market
Put Call Ratio(Vol) 0.94 0.92 0.02
26-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 6.16% 6.17% 5.93% 6.08%
CBLO 6.18% 6.25% 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% 6.45% 6.20% 6.21%
364 Day T-Bill 7.00% 7.07% 6.25% 6.36%
10 Year Gilt 7.83% 7.86% 7.79% 6.46%
G-Sec Vol. (Rs.Cr) 19847 24210 30646 46122
Currency Market Update
FBIL MIBOR 6.34% 6.30% 6.02% 6.17%
3 Month CP Rate 7.50% 7.55% 8.35% 6.70%
5 Year Corp Bond 8.71% 8.78% 8.65% 7.48%
1 Month CD Rate 7.03% 7.08% 6.79% 6.31%
3 Month CD Rate 6.96% 6.99% 7.83% 6.34%
1 Year CD Rate 8.06% 8.06% 8.22% 6.65%
Commodity Market Update
Currency 26-Jun Prev_Day
Change
USD/INR 68.17 68.15 0.02
GBP/INR 90.47 90.27 0.20
EURO/INR 79.74 79.35 0.39
International News
JPY/INR 0.62 0.62 0.00
Commodity 26-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 73.98 65.09 67.87 42.84
Brent Crude($/bl) 73.32 74.39 77.14 43.18
Gold( $/oz) 1259 1274 1301 1256
Gold(Rs./10 gm) 30394 30757 31171 28753
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
27 June 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields edged higher following losses in the domestic currency.
Media reports stating that the union cabinet may discuss raising
minimum support prices of some crops by up to 15% in its next meeting
fueled concerns of increase in domestic inflationary pressures which
also weighed on the market sentiment. However, further losses were
restricted as market participants resorted to short covering.
• Yield on the 10-year benchmark paper (7.17% GS 2028) inched up 1
bps to close at 7.83% as against its previous close of 7.82%. During the
session, bond yields traded in the range of 7.81% and 7.85%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,841 crore (gross) on Jun 26, compared with
Rs. 9,136 crore (gross) borrowed on Jun 25. Sale of securities under the
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 12,133
crore on Jun 25.
• According to a report from the Commerce Department, U.S. new
home sales surpassed market expectations and grew 6.7% to an annual
rate of 689,000 in May 2018 as against a decline of 3.7% to a revised
rate of 646,000 in Apr 2018. The increase reflected surge in home sales
in the South that grew 17.9% to a rate of 409,000.
• According to a report from the U.K. Finance, number of mortgage
approvals grew to 39,244 in May 2018 from 38,327 in Apr 2018. This
marked the highest approvals since Jan 2018. Gross mortgage lending
for the total market surged 8.8% YoY to GBP 22.2 billion in May.
Markets for You
• Nifty Jun 2018 Futures were at 10,766.90 points, a discount of 2.25
points, below the spot closing of 10,769.15. The turnover on NSE’s
Futures and Options segment went up to Rs. 9,31,576.17 crore on Jun 26
from Rs. 7,56,917.32 crore on Jun 25.
• The Put-Call ratio stood at 0.87 against previous session’s close of 0.91.
• The Nifty Put-Call ratio stood at 1.53 against the previous session’s
close of 1.48.
• India VIX moved up 1.27% to 12.7425 from 12.5825 in the previous
trading session.
• Open interest on Nifty Futures stood at 27.81 million as against the
previous session’s close at 27.04 million.
• The rupee fell against the greenback as concerns over U.S. President’s
protectionist trade measures weighed on market sentiment. However,
modest gains in the domestic equity market restricted further losses. The
rupee fell 0.18% to close at 68.24 per dollar from the previous close of
68.12 per dollar.
• The euro fell against the greenback as escalating concerns of a trade
conflict between U.S. and China dampened investor risk sentiment. Euro
was trading at $1.1676, down 0.22% from the previous close of $1.1702.
• Gold prices traded lower despite fears of escalating trade tensions as
greenback gained against the euro.
• Brent Crude prices traded higher on production problems at one of
Canada's largest oil sands facilities and uncertainty over Libyan exports.
Thank you for
your time.