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01 Jun 2020
Markets for You
Global Indices
Global Indices 29-May Prev_Day Abs. Change
% Change
#
Russell 3000 1,483 1,469 13 0.91
Nasdaq 9,490 9,369 121 1.29
FTSE 6,077 6,219 -142 -2.29
Nikkei 21,878 21,916 -38 -0.18
Hang Seng 22,961 23,133 -171 -0.74
Indian Indices 29-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 32,424 32,201 224 0.69
Nifty 50 9,580 9,490 90 0.95
Nifty 100 9,759 9,648 111 1.15
Nifty 500 7,822 7,732 90 1.17
Nifty Bank 19,297 19,170 127 0.66
S&P BSE Power 1,482 1,470 12 0.79
S&P BSE Small Cap 10,893 10,769 123 1.14
S&P BSE HC 15,646 15,297 349 2.28
Date P/E Div. Yield P/E Div. Yield
29-May 20.33 1.17 22.38 1.59
Month Ago 19.88 1.18 21.65 1.59
Year Ago 28.55 1.20 29.44 1.23
Nifty 50 Top 3 Gainers
Company 29-May Prev_Day
% Change
#
Indian Oil 83 78 7.08
Wipro 213 199 6.75
Coal India 141 134 5.53
Nifty 50 Top 3 Losers Domestic News
Company 29-May Prev_Day
% Change
#
Adani Ports & SEZ 324 332 -2.41
Infosys 691 707 -2.32
Bharti Airtel 553 563 -1.80
Advance Decline Ratio
BSE NSE
Advances 1412 1163
Declines 938 632
Unchanged 161 128
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -40345
MF Flows** 36171
*29
th
May 2020; **26
th
May 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
5.84%
(Mar-20)
2.86%
(Mar-19)
IIP
-16.70%
(Mar-20)
2.70%
(Mar-19)
GDP
3.10%
(Mar-20)
5.70%
(Mar-19)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
01 June 2020
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
0.40%
(Dec-19)
4.70%
(Dec-19)
Quarter Ago
Inflow/Outflow
2252
1996
7.35%
(Dec-19)
• Indian equity markets gained with investors keenly awaiting the fourth
quarter GDP data for FY 20, which shall help them gauge the overall health
of the economy. The data is scheduled post market hours.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.69% and
0.95% to close at 32,424.10 and 9,580.30 respectively. S&P BSE MidCap and
S&P BSE SmallCap gained 1.9% and 1.14% respectively.
• The overall market breadth on BSE was strong with 1,412 scrips advancing
and 938 scrips declining. A total of 161 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Realty was the major gainer, up 4.5%
followed by S&P BSE Oil & Gas, up 3.42% and S&P BSE FMCG, up 2.89%. S&P
BSE IT was the major loser, down 0.97% followed by S&P BSE Teck, down
0.95% and S&P BSE Telecom, down 0.7%.
• Government data showed that growth of the Indian economy slowed for
the fourth consecutive quarter to 3.1% in the quarter ended Mar 2020
compared to a growth of 4.1% in the previous quarter and a growth of
5.7% in the same period of the previous year. Growth in the first quarter
and second quarter of FY20 stood at 5.2% and 4.4% respectively. Growth of
the domestic economy for FY20 also plummeted to 4.2% from 6.1% in
FY19. Growth in FY20 thus stood at the lowest level since 2008 when the
growth of the Indian economy fell to 3.1% which can be attributed to the
global financial crisis.
• On the sectoral front, the construction sector was the worst hit which
contracted 2.2% during the quarter under review followed by the
manufacturing sector that contracted 1.4% in the same period.
• Government data showed that the output of India’s eight core
infrastructure industries contracted a record 38.1% in Apr 2020 compared
to a contraction of 9.0% in the previous month and a growth of 5.2% in the
same period of the previous year.
• Government data showed that India’s fiscal deficit widened to 4.59% of
gross domestic product (GDP) for FY20. Fiscal deficit thus surpassed the
government’s revised fiscal deficit target of 3.8%. It needs to be noted that
the government while presenting the Union Budget for FY21, had invoked
the escape clause in the Fiscal Responsibility and Budget Management Act
to peg the fiscal deficit at 3.8% which was 0.5% higher than what was
budgeted. Fiscal deficit widened due to lower than anticipated growth and
revenue collections.
• Lupin reported 34.55% rise in its consolidated net profit to Rs. 389.63 crore
for the quarter ended Mar 2020 as against net profit of Rs. 289.56 crore in
the same quarter last year. The rise in profit came mainly due to robust
sales in the domestic market and lower tax expenses.
• Energy Efficiency Services announced that its joint venture EnergyPro
Assets (EPAL) has been listed as the fastest growing Indian company in the
U.K. by the industry body CII and Grant Thornton in the 'India meets Britain
Tracker 2020'.
• Asian markets remained mixed as concerns over worsening U.S.-China
tensions over Beijing's new security law neutralised optimism over
economic recovery post re-opening. Chinese markets rose after its Premier
said the country has room to stimulate the economy. Today (as on Jun 1),
markets are trading higher with investors focusing on the release of
Chinese economic data for a better gauge of the state of the country’s
economic recovery from the coronavirus pandemic. Both Nikkei and Hang
Seng are up 0.91% and 2.98% respectively (as at 8.a.m. IST).
• European markets remained under pressure amid escalating tensions
between the U.S. and China which overshadowed positive sentiment over
reopening of economies across the continent.
• U.S. markets edged higher as investors found relief after U.S. President
signalled no changes to the trade deal with China despite rising tensions.
Markets for You
FII Derivative Trade Statistics
29-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 7624.87 7978.45 7627.47
Index Options 439983.60 437562.14 29687.42
Stock Futures 28704.82 26581.87 75895.33
Stock Options 1584.09 1639.82 1062.53
Total 477897.38 473762.28 114272.75
29-May Prev_Day
Change
Put Call Ratio (OI) 1.61 1.59 0.02
Put Call Ratio(Vol) 0.79 0.90 -0.11
29-May Wk. Ago Mth. Ago
Year Ago
Call Rate 3.62% 3.71% 4.08% 5.87%
T-Repo 3.14% 2.53% 3.30% 5.92%
Repo 4.00% 4.00% 4.40% 6.00%
Reverse Repo 3.35% 3.35% 3.75% 5.75%
91 Day T-Bill 3.22% 3.07% 3.62% 6.19%
364 Day T-Bill 3.40% 3.43% 3.67% 6.29%
10 Year Gilt 5.98% 5.96% 6.12% 7.12%
G-Sec Vol. (Rs.Cr) 38268 66341 33432 50799
FBIL MIBOR 4.04% 4.31% 4.44% 6.00%
3 Month CP Rate 4.35% 4.35% 5.35% 6.85%
5 Year Corp Bond 6.86% 6.87% 6.90% 8.12%
1 Month CD Rate 4.02% 3.63% 5.01% 6.47%
3 Month CD Rate 3.76% 3.49% 4.40% 6.60%
1 Year CD Rate 3.99% 4.31% 4.70% 7.20%
Currency 29-May Prev_Day
Change
USD/INR 75.64 75.75 -0.11
GBP/INR 93.31 92.94 0.37
EURO/INR 83.91 83.48 0.43
JPY/INR 0.71 0.70 0.00
Commodity 29-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
35.52 33.34 14.54 58.79
Brent Crude($/bl) 33.60 33.20 14.12 71.83
Gold( $/oz) 1726 1734 1711 1279
Gold(Rs./10 gm) 40989 40989 40989 31802
Source: Refinitiv
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
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01 June 2020
Derivative Statistics- Nifty Options
Disclaimer:
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• Nifty Jun 2020 Futures stood at 9,494.10, a discount of 86.20 points below
the spot closing of 9,580.30. The turnover on NSE’s Futures and Options
segment fell to Rs. 7,72,014.24 crore on May 29, 2020, compared with Rs.
29,29,333.47 crore on May 28, 2020.
• The Put-Call ratio stood at 0.79 compared with the previous session’s close
of 0.77.
• The Nifty Put-Call ratio stood at 1.61 compared with the previous session’s
close of 1.59.
• Open interest on Nifty Futures stood at 10.47 million, compared with the
previous session’s close of 13.32 million.
• Bond yields rose as possibility of additional borrowing grew after a
government official said all options were open for more stimulus measures
to boost the economy.
• Yield on the existing 10-year benchmark paper (6.45% GS 2029) rose 2 bps
to close at 6.01% compared to the previous close of 5.99% after trading in a
range of 5.98% to 6.02%.
• Yield on the new 10-year benchmark paper (5.79% GS 2030) rose 4 bps to
close at 5.78% compared to the previous close of 5.74% after moving in a
range of 5.74% to 5.79%.
• The Indian rupee in spot trade strengthened against the greenback
following gains in the domestic equity market. The U.S. dollar also remained
under pressure as market participants awaited U.S. President’s response to
China’s tightening control over Hong Kong.
• The euro rose against the greenback after the European Union recently
announced a 750 billion-euro ($828 billion) recovery fund for combating the
COVID-19 pandemic.
• Gold prices rose on concerns over increasing tensions between U.S. and
China.
• Brent crude prices rose after data showed that for the week ending May 22
gasoline demand rose to 7.3 million barrels per day from the prior week.
• The Commerce Department released a report showed, personal income
rose unexpectedly by 10.5% YoY in Apr 2020 after falling by a revised 2.2%
in Mar 2020 (2.0% fall originally reported).
• Flash data from Eurostat showed, eurozone inflation rose 0.1% YoY in May
2020, slower than 0.3% in Apr 2020. It was the slowest since Jun 2016
driven by a sharp fall in energy prices.
• Flash data from Eurostat showed, eurozone inflation rose 0.1% YoY in May
2020, slower than 0.3% in Apr 2020. It was the slowest since Jun 2016
driven by a sharp fall in energy prices.
• The Ministry of Economy, Trade and Industry said, Japan’s industrial output
plunged 14.4%, in Apr 2020 compared with a fall of 5.2% in the prior month.
Markets for You
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