31 May 2018
Markets for You
Global Indices
Global Indices 30-May Prev_Day Abs. Change
% Change
#
Dow Jones 24,668 24,361 306 1.26
Nasdaq 7,462 7,397 66 0.89
FTSE 7,690 7,633 57 0.75
Nikkei 22,019 22,358 -340 -1.52
Hang Seng 30,057 30,485 -428 -1.40
Indian Indices 30-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,906 34,949 -43 -0.12
Nifty 50 10,614 10,633 -19 -0.18
Nifty 100 10,962 10,983 -22 -0.20
Nifty Bank 26,328 26,255 73 0.28
SGX Nifty 10,618 10,621 -3 -0.03
S&P BSE Power 2,137 2,133 4 0.20
S&P BSE Small Cap 17,348 17,380 -33 -0.19
S&P BSE HC 13,112 13,214 -102 -0.77
Date P/E Div. Yield P/E Div. Yield
30-May 22.93 1.15 27.01 1.21
Month Ago 23.83 1.12 26.66 1.19
Year Ago 22.63 1.29 24.36 1.19
Nifty 50 Top 3 Gainers
Company 30-May Prev_Day
% Change
#
M&M 898 870 3.18
Coal India 289 282 2.37
Bajaj Finance 2119 2077 2.00
Nifty 50 Top 3 Losers Domestic News
Company 30-May Prev_Day
% Change
#
HPCL 307 315 -2.60
Aurobindo Pharma 566 579 -2.27
Tata Motors 289 295 -1.95
Advance Decline Ratio
BSE NSE
Advances 1197 760
Declines 1495 1043
Unchanged 162 59
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -133
MF Flows** 58263
*30
th
May 2018; **25
th
May 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
4.58%
(Apr-18)
2.99%
(Mar-17)
IIP
4.40%
(Mar-18)
4.10%
(Mar-17)
GDP
7.20%
(Dec-17)
6.80%
(Dec-16)
31 May 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
Nifty
7.10%
(Dec-17)
6.50%
(Sep-17)
Quarter Ago
Inflow/Outflow
774
507
5.07%
(Jan-17)
• Indian equity markets closed in the red following weakness in global
markets. Concerns over political uncertainty in Italy and Spain and
renewed fears of a trade war between the U.S. and China weighed on
investors. Further, investors remained cautious ahead of the India’s GDP
data to be released on May 31, 2018, post market hours.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.12% and
0.18% to close at 34,906.11 and 10,614.35, respectively. S&P BSE Mid-Cap
grew 0.03% and S&P BSE Small-Cap fell 0.19%.
• The overall market breadth on BSE was weak with 1,495 scrips declining
and 1,197 scrips advancing. A total of 162 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Healthcare was the major loser,
down 0.77% followed by S&P BSE Capital Goods and S&P BSE Industrials
that fell 0.68% and 0.65%, respectively. S&P BSE Oil & Gas and S&P BSE
Consumer Durables fell 0.62% and 0.45%, respectively. S&P BSE Utilities
was the major gainer, up 0.25%, followed by S&P BSE Power and S&P BSE
Metal that grew 0.20% and 0.15%.
• According to the Indian Meteorological Department (IMD), India will
experience normal rainfall for the 2018 southwest monsoon season. The
department also stated that the monsoon season rainfall across the
country is expected to be 97% of the long period average (LPA).
• The Prime Minister (PM) of India has announced that the bilateral trade
agreement between India and Indonesia will increase nearly three-fold to
$50 billion by 2025 as compared with $12.9 billion in 2016 and $18.13
billion in 2017. The PM added that India and Indonesia will upgrade their
ties to Comprehensive Strategic Partnership.
• A major credit rating agency has reduced India’s gross domestic product
(GDP) forecast for 2018 from 7.5% to 7.3%, however retained the GDP
rate at 7.5% for 2019. The cut in GDP rate is mainly due to increase in oil
prices which will adversely impact the country’s growth.
• Bank of Baroda expects to make business of around Rs. 4,000 crore by
the end of FY20 through its fintech tie ups alone. The bank is amid
implementing a transformation plan.
• Indian Overseas Bank’s net loss deepened to Rs 3,606.73 crore in the
quarter ended Mar 2018 as against net loss of Rs. 646.66 crore in the
quarter ended Mar 2017. The loss widened following increase in
provisions of bad loans and contingencies.
• Hero Electronix, a Hero Group company, has acquired Zenatix, thereby
entering the Internet-of-things (IoT) space. The terms of the deal have not
been disclosed. Zenatix is a Gurgaon-based enterprise IoT start-up.
• Bharat Petroleum Corporation Ltd reported standalone net profit of Rs.
2,673.64 crore for the quarter ended Mar 31, 2018, an increase of 45%
from Rs. 1,841.68 crore registered in the same period previous year.
Meanwhile, total income on standalone basis came in at Rs. 76,899.89
crore, up 15.3% YoY.
Markets for You
• Asian markets witnessed selling pressure following renewed trade
tensions between U.S. and China after the U.S. President hinted to impose
25% tariff on $50 billion worth of Chinese goods. Political turmoil in Italy
and cues from lower overnight U.S. markets further weighed on
sentiment. Today (as of May 31), Asian markets opened higher following
recovery in global markets after recent fears about Italy faded. Both
Nikkei and Hang Seng were trading up 0.53% and 0.55%, respectively (as
at 8.a.m. IST).
• As per the last close, European markets closed higher following reports
that major parties in Italy are calling for Italian President to immediately
dissolve parliament and conduct fresh elections by Jul 2018.
• As per the last close, U.S markets opened higher as increase in U.S.
Treasury bond yields led to gains in banking stocks. Also, rise in oil prices
helped gain energy stocks, thereby boosting the indices. Easing Italian
credit fears further helped investor sentiment.
FII Derivative Trade Statistics 30-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 8829.11 9165.17 26239.33
Index Options 111231.78 110036.48 75759.43
Stock Futures 29073.95 28667.43 86673.22
Stock Options 10093.83 10174.77 10742.11
Total 159228.67 158043.85 199414.09
30-May Prev_Day
Change
Put Call Ratio (OI) 1.39 1.40 -0.01
Indian Debt Market
Put Call Ratio(Vol) 0.87 1.01 -0.14
30-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.90% 5.97% 6.02% 6.02%
CBLO 5.84% 6.01% 5.53% 6.06%
Repo 6.00% 6.00% 6.00% 6.25%
Reverse Repo 5.75% 5.75% 5.75% 6.00%
91 Day T-Bill 6.40% 6.35% 6.19% 6.26%
364 Day T-Bill 6.90% 6.82% 6.45% 6.43%
10 Year Gilt 7.78% 7.85% 7.77% 6.66%
G-Sec Vol. (Rs.Cr) 23584 21519 23708 20187
Currency Market Update
FBIL MIBOR 5.99% 6.10% 6.00% 6.25%
3 Month CP Rate 7.90% 8.40% 7.40% 6.70%
5 Year Corp Bond 8.63% 8.65% 8.45% 7.42%
1 Month CD Rate 6.82% 6.83% 6.69% 6.21%
3 Month CD Rate 7.33% 7.84% 7.07% 6.40%
1 Year CD Rate 8.25% 8.25% 7.71% 6.84%
Commodity Market Update
Currency 30-May Prev_Day
Change
USD/INR 67.63 67.82 -0.19
GBP/INR 89.70 90.17 -0.46
EURO/INR 78.20 78.70 -0.50
International News
JPY/INR 0.62 0.62 0.00
Commodity 30-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 68.24 71.80 68.51 49.58
Brent Crude($/bl) 76.18 79.68 76.66 50.29
Gold( $/oz) 1301 1293 1315 1263
Gold(Rs./10 gm) 30924 31176 31033 28849
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
31 May 2018
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty May 2018 Futures were at 10604.5 points, a discount of 9.85
points, below the spot closing of 10,614.35. Turnover on NSE’s Futures
and Options segment went up to Rs. 13,59,131.65 crore on May 30 from
Rs. 10,00,152.35 crore on May 29.
• The Put-Call ratio stood at 0.84 against previous session’s close of 0.95.
• The Nifty Put-Call ratio stood at 1.39 against the previous session’s
close of 1.40.
• Open interest on Nifty Futures stood at 28.13 million as against the
previous session’s close of 27.06 million.
• Bond yields rose as market participants remained on the sidelines and
awaited the outcome of the second bi-monthly monetary policy review
due Jun 6, 2018. Market activity also remained subdued as banks were
observing a two-day strike starting May 30.
• Yield on the 10-year benchmark paper (7.17% GS 2028) rose 2 bps to
close at 7.78% from the previous close of 7.76%. During the session,
bond yields traded in the range of 7.72% and 7.78%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,618 crore (gross) on May 30 compared with
May 29 when banks borrowed the same amount. Sale of securities
under RBI’s reverse repo window stood at Rs. 23,017 crore on May 29.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on May 29 as well as May 28.
• The Indian rupee rose against the greenback because of selling of the
greenback by corporates and exporters. The rupee rose 0.64% to close
at 67.43 per dollar from the previous close of 67.86 per dollar.
• The euro rose against the greenback on reports that Italy's biggest
party would make a renewed attempt to form a coalition government to
bring an end to months of political turmoil. Euro rose 0.82% and was
trading at $1.1633, up from the previous close of 1.1538.
• Gold prices inched down ahead of the release of U.S. inflation data,
scheduled later during the week.
• Brent crude prices recouped from around three-week lows seen in the
previous trading session as investors became optimist ahead of the
weekly crude oil production data.
• The Organization for Economic Cooperation & Development (OECD)
expects the global economy to grow 3.8% in 2018 and 3.9% in 2019 as
against its previous expectation of 3.9% for 2018 as well as 2019. The
think tank stated that global economy is witnessing stronger growth
supported by a rebound in trade, higher investment and buoyant job
creation. However, it focused on significant risks owing to trade
tensions, weaknesses in financial market and rising oil prices that are
impacting the global economy.
• According to data from Destatis, Germany's unemployment rate fell
3.4% in Apr 2018 from 3.5% in Mar 2018 and 3.8% in Apr 2017. The
number of unemployed decreased by 20,000 from the previous month
to 1.47 million.
Markets for You
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