29May2019
MarketsforYou

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GlobalIndices
GlobalIndices 28‐May Prev_Day Abs.Change
%Change
#
DowJones 25,348 25,586 ‐238 ‐0.93
Nasdaq 7,607 7,637 ‐30 ‐0.39
FTSE 7,269 7,278 ‐9 ‐0.12
Nikkei 21,260 21,183 78 0.37
HangSeng 27,391 27,288 103 0.38
IndianIndices 28‐May Prev_Day Abs.Change
%Change
#
S&PBSESensex 39,750 39,683 66 0.17
Nifty50 11,929 11,925 4 0.03
Nifty100 12,033 12,024 9 0.08
NiftyBank 31,598 31,648 ‐50 ‐0.16
SGXNifty 11,946 11,911 35 0.29
S&PBSEPower 2,027 2,018 9 0.45
S&PBSESmallCap 15,020 14,959 61 0.41
S&PBSEHC 13,371 13,361 10 0.08
Date P/E Div.Yield P/E Div.Yield
28‐May 29.08 1.19 29.69 1.22
MonthAgo 27.91 1.18 29.34 1.12
YearAgo 23.14 1.14 27.23 1.20
Nifty50Top3Gainers
Company 28‐May Prev_Day
%Change
#
ZeeEnte. 382 361 5.76
YesBank 153 147 4.09
Infosys 728 708 2.82
Nifty50Top3Losers DomesticNews
Company 28‐May Prev_Day
%Change
#
BhartiInfratel 269 280 ‐3.77
HeroMoto 2743 2821 ‐2.77
GrasimIndus 911 935 ‐2.60
AdvanceDeclineRatio
BSE NSE
Advances 1424 976
Declines 1188 827
Unchanged 149 114
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 69409
MFFlows** 3857
*28
th
May2019;**24
th
May2019
EconomicIndicator
YoY(%) Current YearAgo
CPI
2.92%
(Apr‐19)
4.58%
(Apr‐18)
IIP
‐0.10%
(Mar‐19)
5.30%
(Mar‐18)
GDP
6.60%
(Dec‐18)
7.70%
(Dec‐17)
29May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
2.50%
(Dec‐18)
7.00%
(Sep‐18)
QuarterAgo
Inflow/Outflow
190
2934
2.11%
(Dec‐18)
• Indian equity markets gained and registered record highs for the third
consecutive session. Investor sentiment is riding the election results ofa
clear win to the ruling government. This has given them confidence that
the reforms undertaken in the previous term will continue and new ones
will be introduced.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.17% and
0.03%, respectively, to close at 39,749.73 and 11,928.75, respectively. S&P
BSE Mid‐Cap and S&P BSE Small Cap gained 0.09% and 0.41%,
respectively.
• The overall market breadth on BSE was strong with 1424 scrips
advancing and 1188 scrips declining. A total of 149 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Information Technology was the
major gainer, up 1.64%, followed by S&P BSE Teck and S&P BSE Energy, up
1.36% and 1.17%, respectively. S&P BSE Metal and S&P BSE Oil & Gas
gained 0.95% and 0.55%, respectively. S&P BSE Utilities and S&P BSE
Power gained 0.49% and 0.45%, respectively.
• According to a report, weakness in consumer spending and softening
commodity prices have led Indian businesses to deliver a six‐quarter low
revenue growth of 10.7% for the Jan‐Mar period. Operating margins also
narrowed 0.78% to 16.8% during the period but were up 0.93% on lower
commodity prices and price hikes, said the report by a major domestic
rating agency. The agency analysed the results of 304 listed entities while
arriving at the aggregate.
• The government has decided to review the role of the National
Statistical Commission (NSC) and empower it through a legislation to give
it more power and resources. This comes in the wake of criticism over the
quality of official data on economic growth and employment. NSC is the
apex advisory body on statistical matters and has been defunct since Jan
2019, with no new independent members appointed by the government.
The Ministry of Statistics and Programme Implementation (MoSPI) has
suggested a National Statistical Commission Bill to strengthen its existing
institutional and legal framework, which has been found to be inadequate
for producing India’s official statistics. This plan is in line with the
proposed National Policy on Official Statistics.
• According to media news, a section of farmers is getting ready to defy
the ban on the cultivation of genetically modified crops like Bt brinjal and
herbicide resistant Bt (HTBT) cotton, without caring for legal action. On
June 10, these farmers will openly plant HTBT cotton seeds at Akot in
Akola district of Vidarbha. In Apr 2019, anti‐GM activists had exposed a
plot of illegally planted Bt brinjal in Haryana. While that crop has been
destroyed by the administration, farmer organisations have been
demanding compensation.
• The government could introduce an electronic invoice mechanism under
goods and services tax (GST), but could restrict it to large companies in the
initial phase, said media reports, citing government officials. This would
mean top companies may soon have to rely on a common goods and
services tax portal to issue invoices to their customers. After the
successful implementation of the e‐way bill system, the government is
upbeat on opting for the e‐invoicing as it looks to curb tax evasion. E‐
invoicing will allow the government to capture transactions on a real‐time
basis. For companies, it will make compliance, as well as getting their tax
credits, easier.
• Asian equity markets were mostly higher on the back of European Union
election results and U.S. President's softer approach on trade. The U.S.
President in his meeting with Japan's Prime Minister said a trade deal
between the two nations would be done in Aug 2019. He added that U.S.
may make a deal with Beijing in the future. Today (as of May 29), Asian
markets opened on a lower note following decline on the Wall Street
overnight. Both Nikkei and Hang Seng were trading lower 1.34% and
0.52%, respectively (as at 8 a.m. IST).
• As per the last close, European markets declined on lingering worries
about U.S.‐China trade dispute and concerns over high budget deficit in
Italy.
• As per the last close, U.S markets fell on lingering concerns about the
economic impact of the ongoing trade dispute between the U.S. and
China. Concerns resurfaced after the U.S. President expressed optimism
about the trade deal but also warned that U.S. tariffs on Chinese goods
could go up substantially and easily.
MarketsforYou
FIIDerivativeTradeStatistics 28‐May
(RsCr) Buy Sell OpenInt.
IndexFutures 6044.13 6631.38 27698.56
IndexOptions 158031.70 156622.01 73332.92
StockFutures 28627.90 29002.38 94272.19
StockOptions 6429.49 6416.93 8302.56
Total 199133.22 198672.70 203606.23
28‐May Prev_Day Change
PutCallRatio(OI) 1.28 1.26 0.01
IndianDebtMarket
PutCallRatio(Vol) 0.98 0.91 0.08
28‐May Wk.Ago Mth.Ago YearAgo
CallRate 5.87% 5.94% 6.12% 5.86%
T‐Repo 5.96% 5.98% 6.01% NA
Repo 6.00% 6.00% 6.00% 6.00%
ReverseRepo 5.75% 5.75% 5.75% 5.75%
91DayT‐Bill 6.17% 6.35% 6.37% 6.25%
364DayT‐Bill 6.29% 6.40% 6.46% 6.19%
10YearGilt 7.15% 7.30% 7.41% 7.74%
G‐SecVol.(Rs.Cr) 62378 23486 35362 35810
CurrencyMarketUpdate
FBILMIBOR* 6.00% 6.05% 6.22% 6.02%
3MonthCPRate 6.85% 7.20% 7.50% 8.25%
5YearCorpBond 8.21% 8.31% 8.52% 8.68%
1MonthCDRate 6.47% 6.92% 7.22% 6.77%
3MonthCDRate 6.62% 7.07% 7.11% 7.91%
1YearCDRate 7.20% 7.53% 7.47% 8.23%
CommodityMarketUpdate
Currency 27‐May Prev_Day Change
USD/INR 69.43 69.61 ‐0.18
GBP/INR 88.48 88.30 0.18
EURO/INR 77.82 77.97 ‐0.15
InternationalNews
JPY/INR 0.63 0.64 0.00
Commodity 28‐May WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 58.86 62.97 63.24 67.87
BrentCrude($/bl) 71.23 73.93 70.72 77.14
Gold($/oz) 1279 1275 1286 1298
Gold(Rs./10gm) 31710 31540 31764 30901
Source:ThomsonReutersEikon
*Asonprevioustradingday
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
29May2019
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty May 2019 Futures were at 11,940.75, a premium of 12.00 points,
above the spot closing of 11,928.75. The turnover on NSE’s Futures and
Options segment increased to Rs. 10,58,882.72 crore on May 28, 2019,
compared with Rs. 8,80,648.43 crore on May 27, 2019.
• The Put‐Call ratio stood at 0.96 compared with the previous session’s
close of 0.94.
• The Nifty Put‐Call ratio stood at 1.24 compared with the previous
session’s close of 1.26.
• Open interest on Nifty Futures stood at 25.40 million as against the
previous session’s close at 23.59 million.
• Bond yields fell on hopes that the Monetary Policy Committee would
lower interest rates in Jun. Expectations that the Reserve Bank of India
could continue to infuse liquidity into the Indian banking system also
added to the gains.
• Yield on the 10‐year benchmark paper (7.26% GS 2029) declined 2 bps
to 7.15% compared with the previous close of 7.17% after trading in a
range of 7.13% to 7.18%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 11,446 crore (gross) on May 28, 2019, compared
with Rs. 18,331 crore (gross) as on May 27, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 8,572
crore on May 27, 2019.
• Banks borrowed Rs. 100 crore under the central bank’s Marginal
Standing Facility on May 27, 2019 compared with borrowing of Rs. 1,615
crore on May 24, 2019.
• The Indian rupee weakened against the U.S. dollar following increase in
global crude oil prices. Month end dollar demand from oil importers and
the ongoing trade tensions further strengthened the greenback. The
rupee closed at 69.69 a dollar, down 0.28% compared with the previous
close of 69.53.
• The euro inched down against the greenback after U.S. consumer
confidence rose more than expected in May. Worries regarding the
ongoing trade tensions and political risks in Europe further strengthened
the greenback.
• Gold prices were nearly steady as the U.S.‐China trade conflict does not
seem to end soon.
• Brent crude prices saw a steep surge of more than 5% over tightened
supplies amid OPEC‐led production cut plan.
• Bank of Japan said producer prices in Japan increased 0.9% YoY in Apr
2019, falling short of expectations. Producer prices had increased 1.1% in
Mar 2019. On a monthly basis, producer prices slipped 0.2% after
advancing 0.7% a month earlier. Individually, prices were up for leading
and office space rental ‐ while they were lower for transportation,
employment agencies, software development, engineering,
communications and advertising.
• European Commission survey data showed euro zone economic
confidence improved for the first time in almost a year in May 2019,
driven by industry and services. The economic sentiment index rose
unexpectedly to 105.1 in May from a revised 103.9 in the previous
month.
MarketsforYou
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