27 Jun 2019
Markets for You
Global Indices
Global Indices 26-Jun Prev_Day Abs. Change
% Change
#
Russell 3000 1,268 1,267 1 0.07
Nasdaq 7,910 7,885 25 0.32
FTSE 7,416 7,422 -6 -0.08
Nikkei 21,087 21,194 -107 -0.51
Hang Seng 28,222 28,186 36 0.13
Indian Indices 26-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 39,592 39,435 157 0.40
Nifty 50 11,848 11,796 51 0.43
Nifty 100 11,929 11,872 57 0.48
Nifty 500 9,683 9,633 50 0.52
Nifty Bank 31,162 30,847 315 1.02
S&P BSE Power 2,095 2,051 44 2.16
S&P BSE Small Cap 14,175 14,108 66 0.47
S&P BSE HC 12,870 12,734 135 1.06
Date P/E Div. Yield P/E Div. Yield
26-Jun 28.56 1.18 29.09 1.23
Month Ago 28.91 1.20 29.44 1.11
Year Ago 22.69 1.25 26.02 1.23
Nifty 50 Top 3 Gainers
Company 26-Jun Prev_Day
% Change
#
Vedanta Limited 178 170 4.40
Power Grid 210 202 3.99
Sun Pharma 399 386 3.55
Nifty 50 Top 3 Losers Domestic News
Company 26-Jun Prev_Day
% Change
#
HPCL 288 296 -2.59
Indiabulls HFC 612 622 -1.50
Infosys 739 748 -1.19
Advance Decline Ratio
BSE NSE
Advances 1440 1082
Declines 1059 703
Unchanged 160 115
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 78401
MF Flows** 8213
*26
th
Jun 2019; **25
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)
27 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
939
2420
2.57%
(Feb-19)
• Indian equity markets gained for the second consecutive day as
investors hoped the Union Budget 2019-20 will have measures to thrust
the economy forward. The finance minister will present the budget on Jul
5, 2019. Also, the U.S. Secretary of State promising close cooperation
with India and pledging renewed focus on improved trade and
investment ties supported sentiment.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.40% and
0.43%, respectively to close at 39,592.08 and 11,847.55, respectively. S&P
BSE Mid-Cap and S&P BSE Small Cap gained 0.85% and 0.47%,
respectively.
• The overall market breadth on BSE was strong with 1440 scrips
advancing and 1051 scrips declining. A total of 168 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Metal was the major gainer, up
2.88%, followed by S&P BSE Power and S&P BSE Utilities, up 2.16% and
1.83%, respectively. S&P BSE Basic Materials and S&P BSE Realty gained
1.63% and 1.48%, respectively. S&P BSE IT was the major loser, down
0.65%, followed by S&P BSE Teck and S&P BSE Telecom.
• Media reports said the U.S. Secretary of State has sought to reduce
heightened trade tension with India and promised a renewed focus on
improved trade and investment ties between the two nations.
• The finance minister said the government and the Reserve Bank of India
(RBI) are closely monitoring the rupee exchange rate against the dollar on
an on-going basis. The rupee has depreciated from Rs. 60.50 to a dollar in
2013-14 to Rs. 69.74 to a dollar in Apr-Dec 2018-19. The rupee closed at
69.36 to a dollar on Jun 25, 2019. The minister said as per the latest
annual report of the home ministry, over Rs. 15,000 crore and over Rs.
20,000 crore was received in 2016-17 and 2015-16 under the Foreign
Contribution (Regulation) Act, 2010.
• The government will launch a pilot project under its rural e-governance
initiative — Common Service Centres (CSCs). The new project will be to
provide clean and safe drinking water in 50 villages, following which it will
rope in village-level entrepreneurs (VLEs) to set up water filtration plants
in 1 lakh villages in India. This will be the government’s first such initiative
after the Prime Minister had announced setting up a target to provide
clean drinking water to all by 2024 recently. CSC has signed a
memorandum of understanding with the Bhabha Atomic Research Centre
(BARC) for installing water filtration plants in villages.
• Reliance Infrastructure has bagged Rs. 7,000 crore Versova-Bandra Sea
Link project contract from Maharashtra State Road Development
Corporation (MSRDC) in Mumbai. Versova-Bandra Sea Link is of 17.17 km,
which is three times the length of the Bandra-Worli Sea Link of 5.6 km.
• Britannia Industries has dispelled speculations over the resignation of
its managing director Varun Berry from the company. Terming the
speculations as "false" as well as "incorrect and baseless", Britannia
Industries said, Berry was re-appointed as the MD for five years
effectively from Apr 1, 2019, following his six years in the company from
2013.
Markets for You
• Asian equity markets traded lower after the U.S. Federal Reserve
chairman’s comments dashed investor hopes for a rate-cut soon. The
chairman did not give in to pressure from the U.S. President to cut
interest rates and said the monetary policy should not overreact to any
individual data point or short-term swing in sentiment. On top of this,
well-known Fed dove Bullard said that a 50 bps rate cut in Jul 2019 will be
too much. Investors also looked forward to the outcome of the G20
summit to be held in the week to see which way the U.S.-China trade
dispute goes. Today (as of Jun 27), Asian markets opened higher as
investors were optimistic for the meeting between the U.S. President and
Chinese President at the G20 summit. Both Nikkei and Hang Seng were
trading up 0.44% and 0.46%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed almost lower as
investors were cautious amid geopolitical tensions between the U.S. and
Iran and ahead of G20 summit.
• As per the last close, U.S markets closed almost lower as investors were
cautious ahead of G20 summit in Japan, later this week.
FII Derivative Trade Statistics 26-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 7646.79 8750.21 24664.92
Index Options 214063.32 214018.82 63942.83
Stock Futures 36823.95 36129.79 88758.41
Stock Options 4489.62 4508.58 4145.74
Total 263023.68 263407.40 181511.90
26-Jun Prev_Day
Change
Put Call Ratio (OI) 1.60 1.52 0.09
Indian Debt Market
Put Call Ratio(Vol) 1.01 0.89 0.12
26-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 5.75% 5.80% 5.88% 6.16%
T-Repo 5.47% 5.62% 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 6.00% 5.90% 6.21% 6.44%
364 Day T-Bill 6.10% 6.10% 6.34% 7.00%
10 Year Gilt 6.93% 6.84% 7.23% 7.83%
G-Sec Vol. (Rs.Cr) 49545 72663 58585 19847
Currency Market Update
FBIL MIBOR* 5.90% 5.86% 6.00% 6.35%
3 Month CP Rate 6.95% 6.85% 6.90% 7.50%
5 Year Corp Bond 8.14% 7.99% 8.26% 8.73%
1 Month CD Rate 6.27% 6.01% 6.54% 7.03%
3 Month CD Rate 6.43% 6.30% 6.65% 6.96%
1 Year CD Rate 7.30% 7.18% 7.44% 8.06%
Commodity Market Update
Currency 26-Jun Prev_Day
Change
USD/INR 69.32 69.34 -0.02
GBP/INR 87.84 88.42 -0.58
EURO/INR 78.75 79.05 -0.30
International News
JPY/INR 0.65 0.65 0.00
Commodity 26-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 59.14 53.69 58.39 73.98
Brent Crude($/bl) 68.29 64.29 68.97 73.32
Gold( $/oz) 1408 1360 1285 1259
Gold(Rs./10 gm) 33885 32850 31591 30394
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
27 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 11,864.40, a premium of 16.85 points,
above the spot closing of 11,847.55. The turnover on NSE’s Futures and
Options segment increased to Rs. 13,38,979.04 crore on Jun 26, 2019,
compared with Rs. 11,57,999.57 crore on Jun 25, 2019.
• The Put-Call ratio stood at 0.92 compared with the previous session’s
close of 0.88.
• The Nifty Put-Call ratio stood at 1.60 compared with the previous
session’s close of 1.52.
• Open interest on Nifty Futures stood at 22.10 million, compared with
the previous session’s close of 22.21.
• Bond yield rose with surge in crude oil prices owing to the U.S.-Iran
geopolitical tension. In addition, expectations of wider fiscal deficit
target in the approaching federal budget dampened sentiments.
• Yield on the 10-year benchmark paper (7.26% GS 2029) went up 5 bps
to 6.93% compared with the previous close of 6.88% after trading in a
range of 6.90% to 6.94%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 9,362 crore (gross) on Jun 26, 2019, compared
with Rs. 10,982 crore (gross) as on Jun 25, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 15,800
crore on Jun 25, 2019.
• Banks borrowed Rs. 53 crore under the central bank’s Marginal
Standing Facility on Jun 25, 2019 compared to that of Rs. 2,322 crore
borrowed on Jun 24, 2019.
• The Indian rupee appreciated against the greenback following positive
comments from the U.S. Treasury Secretary on the U.S.-China trade deal.
• The euro was flat as German consumer confidence index declined for
the second straight month. Overall market sentiment on the single
currency was dampened by tension over German carmakers arising from
the trade tension with U.S.
• Gold prices slipped after the U.S. Federal Reserve Chairman
commented that the Fed is assessing the current U.S.-China trade
situation and the economic condition to ascertain if it calls for a rate cut.
• Brent crude prices rose on escalating U.S.-Iran tension.
• The Federal Reserve chairman has reiterated that the central bank will
"act as appropriate" to sustain the U.S. economic expansion. Powell
acknowledged in his prepared remarks that crosscurrents have
reemerged since the Fed's May meeting but did not appear to signal the
imminent interest rate cut currently being priced in by the markets. The
Fed chief specifically cited apparent progress on trade turning to greater
uncertainty and incoming data raising renewed concerns about the
strength of the global economy.
• A Conference Board report showed a substantial deterioration in U.S.
consumer confidence in Jun 2019. The Conference Board said its
consumer confidence index declined to 121.5 in Jun from a downwardly
revised 131.3 in May 2019.
Markets for You
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