29 Jun 2018
Markets for You
Global Indices
Global Indices 28-Jun Prev_Day Abs. Change
% Change
#
Dow Jones 24,216 24,118 98 0.41
Nasdaq 7,504 7,445 59 0.79
FTSE 7,616 7,622 -6 -0.08
Nikkei 22,270 22,272 -1 -0.01
Hang Seng 28,497 28,356 141 0.50
Indian Indices 28-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,038 35,217 -179 -0.51
Nifty 50 10,589 10,671 -82 -0.77
Nifty 100 10,855 10,947 -92 -0.84
Nifty Bank 26,325 26,423 -99 -0.37
SGX Nifty 10,551 10,701 -150 -1.40
S&P BSE Power 1,911 1,925 -14 -0.72
S&P BSE Small Cap 15,730 15,970 -240 -1.50
S&P BSE HC 13,922 14,081 -159 -1.13
Date P/E Div. Yield P/E Div. Yield
28-Jun 22.17 1.28 25.57 1.25
Month Ago 23.14 1.14 27.23 1.20
Year Ago 22.53 1.26 24.15 1.12
Nifty 50 Top 3 Gainers
Company 28-Jun Prev_Day
% Change
#
M&M 908 893 1.69
NTPC 156 154 1.69
Infosys 1290 1270 1.54
Nifty 50 Top 3 Losers Domestic News
Company 28-Jun Prev_Day
% Change
#
Tech Mahindra 664 714 -7.00
HPCL 261 277 -5.51
BPCL 367 383 -4.14
Advance Decline Ratio
BSE NSE
Advances 765 430
Declines 1853 1356
Unchanged 145 77
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -5367
MF Flows** 65170
*28
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)
29 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
59
4.44%
(Feb-18)
• Market regulator, Securities Exchange Board of India (SEBI), has
proposed that exchanges compulsorily needs to recognize an
independent polling agency for spot price polling. This will improve
transparency and credibility to the spot price polling mechanism in
commodities as the agency would be able to do the job independently
for all the exchanges on a specific commodity. The proposal was made as
any discrepancy in the linkages between the spot and future prices could
have negative impact on the price in two markets i.e. derivatives and
spot.
• According to a major realty consultant, India’s ranking in the global real
estate transparency index edged up to 35th position following policy
reforms and liberalisation of foreign direct investment (FDI) rules in
property and retail sectors. The country was ranked 36th in the last bi-
annual survey conducted in 2016 and 40th in 2014. India’s real estate
market currently stands at ‘semi-transparent’ zone. India’s ranking is
further expected to improve in the 2020 survey following several
government initiatives like Real Estate (Regulation and Development) Act
(RERA), Goods and Service Tax (GST) and Benami Transactions Act.
• According to a media report, China will reduce or cut to zero tariffs on
a total of 8,549 types of goods originating from India and four other
Asian nations including Bangladesh, Laos, South Korea and Sri Lanka. The
goods will include chemicals, agricultural and medical products, clothing,
steel and aluminium products. The change will become effective from Jul
1.
• The Human Resource Development Ministry has requested suggestions
and comments from educationists, public and other stakeholders on the
replacement of the apex higher education regulator body University
Grants Commission (UGC) with Higher Education Commission of India
(HECI) by revoking the UGC Act, 1951. A draft act has been prepared
according to which the proposed HECI would focus only on academic
matters and monetary grants would be under the purview of the
ministry.
Markets for You
• Asian markets mostly traded low on persisting trade tension between
U.S. and China and on lower cues from overnight U.S. market. Investors
also remained cautious of upcoming key economic data in China.
However, some respite was seen on improved crude oil prices. Today (as
of June 29), Asian markets opened lower amid concerns over U.S. trade
policy. However, positive cues from Wall street’s last session restricted
the losses. Nikkei fell 0.34% and Hanseng grew 0.18% (as at 8.a.m. IST).
• As per the last close, European markets closed lower as concerns over
global trade continued to weigh on investor sentiment. Meanwhile,
investors remained cautious over a two-day European Union meeting on
migration policy that began on Jun 28.
• As per the last close, U.S markets closed almost higher amid bargain
hunting. Gains in bank and technology stocks boosted the indices.
However, lingering concerns over trade dispute between U.S. and other
global economies capped the gains.
• Indian equity markets slumped, dragged down by worries that the U.S.
President’s approach towards trading activities may prove to be
detrimental to global economic growth. Fall in domestic currencies to
record low further weighed on the markets owing to higher inflation and
widening fiscal deficit.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.51% and
0.77% to close at 35,037.64 and 10,589.10, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap fell 1.62% and 1.50%, respectively.
• The overall market breadth on BSE was weak with 1853 scrips declining
and 765 scrips advancing. A total of 145 scrips remained unchanged.
• Among the 31 stock sensitive Sensex pack, barring S&P BSE Telecom
and S&P BSE Metal, all the indices closed in the red. S&P BSE Oil & gas
was the major loser, down 2.51%, followed by S&P BSE Consumer
Durables and S&P BSE Energy, which fell 2.40% and 2.22%, respectively.
S&P BSE Realty and S&P BSE Utilities slipped 2.07% and 1.23%,
respectively.
FII Derivative Trade Statistics 28-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 10353.25 10343.21 26872.54
Index Options 122693.77 123999.43 74259.01
Stock Futures 37957.55 37763.41 82023.24
Stock Options 7499.93 7473.61 10066.31
Total 178504.50 179579.66 193221.10
28-Jun Prev_Day
Change
Put Call Ratio (OI) 1.12 1.33 -0.21
Indian Debt Market
Put Call Ratio(Vol) 0.81 0.83 -0.02
28-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 6.13% 6.24% 5.86% 6.05%
CBLO 6.11% 6.29% 5.86% 6.19%
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% 6.40% 6.25% 6.27%
364 Day T-Bill 7.13% 7.03% 6.19% 6.37%
10 Year Gilt 7.94% 7.77% 7.74% 6.50%
G-Sec Vol. (Rs.Cr) 21857 43995 35810 52734
Currency Market Update
FBIL MIBOR 6.24% 6.35% 6.05% 6.25%
3 Month CP Rate 7.55% 7.58% 8.25% 6.69%
5 Year Corp Bond 8.81% 8.65% 8.68% 7.50%
1 Month CD Rate 7.21% 6.85% 6.77% 6.33%
3 Month CD Rate 7.01% 7.12% 7.91% 6.35%
1 Year CD Rate 8.08% 8.04% 8.23% 6.69%
Commodity Market Update
Currency 28-Jun Prev_Day
Change
USD/INR 68.94 68.52 0.41
GBP/INR 90.21 90.60 -0.39
EURO/INR 79.64 79.87 -0.23
International News
JPY/INR 0.63 0.62 0.00
Commodity 28-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 73.40 65.68 67.87 44.69
Brent Crude($/bl) 75.75 72.61 77.14 46.49
Gold( $/oz) 1248 1267 1298 1249
Gold(Rs./10 gm) 30488 30437 30901 28797
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
29 June 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yields rose for the fifth consecutive day after the rupee fell to a
record low. Higher global crude oil prices raised worries about faster
consumer inflation rate and a likely rate hike going forward.
• Yield on the 10-year benchmark paper (7.17% GS 2028) rose 7 bps to
close at 7.94% as against its previous close of 7.87%. During the session,
bond yields traded in the range of 7.90% and 7.94%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,723 crore (gross) on Jun 28, compared with
Rs. 3,841 crore (gross) borrowed on Jun 27.
• Banks did not borrowed under the central bank’s Marginal Standing
Facility on Jun 27 as well as on Jun 26.
• RBI conducted a 7-day variable rate reverse repo auction for a notified
amount of Rs. 20,000 crore for which Rs. 3,411 crore was allotted at a
cut-off rate of 6.24%.
• According to a report released by the Commerce Department, U.S.
durable goods fell 0.6% in May 2018 following fall of 0.1% in Apr 2018.
The decline was however less than market expectations.
• According to a report by the National Association of Realtors, U.S.
pending home sales index unexpectedly declined 0.5% to 105.9 in May
2018 as compared with 1.3% decline to 106.4 in Apr 2018. The
unexpected drop in pending home sales was due to a notable decrease
in the South.
• According to the Ministry of Economy, Trade and Industry, retail sales
in Japan fell sharply by 1.7% MoM in May 2018 as against 1.3% rise in
Apr 2018. On a yearly basis, retail sales growth decreased 0.6% in May
as against 1.5% in Apr.
Markets for You
• Nifty Jun 2018 Futures settled at spot closing of 10,589.10. Nifty July
2018 Futures settled at 10,571.10, a discount of 18.00 points, below the
spot closing. The turnover on NSE’s Futures and Options segment went
up to Rs. 19,55,855.51 crore on Jun 28 from Rs. 12,64,849.26 crore on
Jun 27.
• The Put-Call ratio stood at 0.81 against previous session’s close of 0.85.
• The Nifty Put-Call ratio stood at 1.12 against the previous session’s
close of 1.33.
• Open interest on Nifty Futures stood at 29.92 million as against the
previous session’s close at 28.69 million.
• The rupee plummeted to a 58-month low against the greenback after
breaching the 69-level for the first time ever as losses in the domestic
equity market hurt the rupee. Market participants also remained wary as
protectionist trade policies of the U.S. threatened to cause a global trade
war.
• The euro inched up against the greenback as the real gross domestic
product of the U.S. economy in the first quarter of 2018 was downwardly
revised to 2.0% from the previous estimate of 2.2%.
• Gold prices inched up on weak dollar against the euro and on persisting
trade concerns between U.S. and China.
• Brent crude prices rose on supply disruptions from Canada to Libya and
after the U.S. EIA said in its weekly report that crude oil inventories fell by
9.891 million barrels in the week to Jun 22.
Thank you for
your time.