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02 Jun 2020
Markets for You
Global Indices
Global Indices 01-Jun Prev_Day Abs. Change
% Change
#
Russell 3000 1,490 1,483 8 0.52
Nasdaq 9,552 9,490 62 0.66
FTSE 6,166 6,077 90 1.48
Nikkei 22,062 21,878 185 0.84
Hang Seng 23,733 22,961 771 3.36
Indian Indices 01-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 33,304 32,424 879 2.71
Nifty 50 9,826 9,580 246 2.57
Nifty 100 9,996 9,759 237 2.43
Nifty 500 8,020 7,822 198 2.53
Nifty Bank 19,960 19,297 663 3.43
S&P BSE Power 1,510 1,482 29 1.95
S&P BSE Small Cap
11,223 10,893 330 3.03
S&P BSE HC 15,711 15,646 64 0.41
Date P/E Div. Yield P/E Div. Yield
1-Jun 21.19 1.14 22.96 1.55
Month Ago 20.90 1.13 22.35 1.54
Year Ago 29.01 1.19 29.49 1.22
Nifty 50 Top 3 Gainers
Company 01-Jun Prev_Day
% Change
#
Bajaj Finance 2161 1954 10.61
Bajaj Finserv Limited 4763 4405 8.13
Titan Industries Limited 959 890 7.74
Nifty 50 Top 3 Losers Domestic News
Company 01-Jun Prev_Day
% Change
#
Dr.Reddy 3954 4071 -2.89
Bharti Infratel 224 230 -2.48
Ultratech Cem 3816 3905 -2.28
Advance Decline Ratio
BSE NSE
Advances 1884 1506
Declines 605 349
Unchanged 140 118
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -39140
MF Flows** 38447
*1
st
Jun 2020; **29
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)
[1]
Data as on 29 May 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
02 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)
4.10%
(Dec-19)
Quarter Ago
Inflow/Outflow
141
1205
7.35%
(Dec-19)
• Indian equity markets edged higher with investors taking positive cues from
government’s announcement to ease lockdown in phased manner across
the country after almost two months of strict measures. The government is
adopting step-by-step approach to restore normalcy while businesses focus
on exit strategies and revive growth.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 2.71% and
2.57% to close at 33,303.52 and 9,826.15 respectively. S&P BSE MidCap and
S&P BSE SmallCap gained 2.65% and 3.03% respectively.
• The overall market breadth on BSE was strong with 1,884 scrips advancing
and 605 scrips declining. A total of 140 scrips remained unchanged.
• On the BSE sectoral front, all sectors gained. S&P BSE Consumer Durables
was the major gainer, up 6.56%, followed by S&P BSE Metal and S&P BSE
Finance, up 3.92% and 3.77%, respectively. S&P BSE Bankex and S&P BSE
Consumer Discretionary Goods & Services gained 3.26% and 3.21%
respectively.
• IHS Markit survey showed, India’s manufacturing Purchasing Managers’s
Index (PMI) rose to 30.8 in May 2020 from 27.4 in Apr 2020. Amid the
ongoing coronavirus lockdown, Indian manufacturers recorded another
sharp deterioration in business conditions. Weaker demand drove output
lower following record decline in Apr 2020. Consequently, firms cut staff
numbers at the quickest pace since data collection began over 15 years ago.
• Global rating agency, Moody's Investors Service downgraded India's local-
currency senior unsecured rating from Baa2 to BAA3 and maintained the
negative outlook. Also lowered India’s short-term local-currency rating from
P-2 from P-3 with negative outlook. The rationale for downgrade reflects
Moody's view that the country's policymaking institutions will be
challenged in enacting and implementing policies which effectively
mitigate the risks of a sustained period.
• As per the data released by the Centre for Monitoring Indian Economy
(CMIE), India's unemployment rate increased to 23.48% in May 2020,
slightly lower than 23.52% in Apr 2020, reflecting the impact of covid-19.
• Provisional data from Power System Operation Corporation showed,
electricity generation in India fell 14.3% in May 2020, better than 24% fall in
Apr 2020. Rise in temperatures resulted to higher demand for residential
power. Despite higher consumption by residential consumers, power use
was lower as many industries and commercial establishments were shut or
not operating at full capacity.
• Reliance Industries has converted Alok Industries, a recently acquired
textile firm, to produce protective gear needed by professionals battling
the coronavirus outbreak and claims it would save one-third of the cost
compared to imported Chinese equipment.
• As per media reports, Walmart-backed Flipkart 's proposal seeking
clearance for entry into the food retail sector was denied by the
Department for Industry Promotion and Internal Trade (DPIIT) due to a
regulatory issue.
• Asian markets closed in the green after data showed Chinese factory
activity expanded in May. Investors shrugged off political unrest in the U.S.
and worries about a revival of the coronavirus. Today (as on Jun 2), markets
traded higher although tensions between the U.S. and China continue to
linger. Both Nikkei and Hang Seng are up 0.80% and 0.36%, respectively.
• Most of the European markets rose with investors taking positive cues from
the comments of the U.S. President on the U.S.-China trade deal which did
not contain any threat of tariff hikes on China.
• U.S. markets managed to close on the green after a report from the
Institute for Supply Management showed U.S. manufacturing activity
contracted at a slower rate in May.
Markets for You
FII Derivative Trade Statistics 01-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 5303.97 5935.11 6846.33
Index Options 136229.62 136024.68 34452.38
Stock Futures 21483.15 20108.71 77980.20
Stock Options 2763.36 2827.75 2001.97
Total 165780.10 164896.25 121280.88
01-Jun Prev_Day
Change
Put Call Ratio (OI) 1.53 1.61 -0.08
Put Call Ratio(Vol) 0.78 0.79 -0.01
01-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 3.60% 3.71% 4.19% 5.92%
T-Repo 3.14% 2.53% 3.75% 5.94%
Repo 4.00% 4.00% 4.40% 6.00%
Reverse Repo 3.35% 3.35% 3.75% 5.75%
91 Day T-Bill 3.24% 3.07% 3.59% 6.10%
364 Day T-Bill 3.45% 3.43% 3.73% 6.23%
10 Year Gilt 6.03% 5.96% 6.11% 7.03%
G-Sec Vol. (Rs.Cr) 36924 66341 35084 86184
FBIL MIBOR
[1]
4.04% 4.31% 4.41% 6.00%
3 Month CP Rate 4.35% 4.35% 5.45% 6.80%
5 Year Corp Bond 6.86% 6.87% 6.86% 8.00%
1 Month CD Rate 3.30% 3.63% 4.14% 6.38%
3 Month CD Rate 3.45% 3.49% 4.60% 6.47%
1 Year CD Rate 4.03% 4.31% 4.79% 7.20%
Currency 01-Jun Prev_Day
Change
USD/INR 75.48 75.64 -0.16
GBP/INR 93.53 93.31 0.22
EURO/INR 84.09 83.91 0.18
JPY/INR 0.70 0.71 0.00
Commodity 01-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 35.44 33.34 19.22 53.44
Brent Crude($/bl) 35.66 33.20 14.85 68.02
Gold( $/oz) 1740 1729 1699 1305
Gold(Rs./10 gm) 40989 40989 40989 32056
Source: Refinitiv
[1]
Data as on 29 May 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
Readers are requested to click here for ICRA Analytics Ltd disclaimer
02 June 2020
Derivative Statistics- Nifty Options
Disclaimer:
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• Nifty Jun 2020 Futures stood at 9,791.00, a discount of 35.15 points below
the spot closing of 9,826.15. The turnover on NSE’s Futures and Options
segment rose to Rs. 11,00,322.42 crore on June 01, 2020, compared with
Rs. 7,72,014.24 crore on May 29, 2020.
• The Put-Call ratio stood at 0.76 compared with the previous session’s close
of 0.79.
• The Nifty Put-Call ratio stood at 1.53 compared with the previous session’s
close of 1.61.
• Bond yields rose on worries over the country's widening fiscal deficit.
Market participants also remained concerned as the Reserve Bank of India
did not take any steps so far to absorb the additional sovereign debt. It
needs to be noted that the fiscal deficit for FY20 came in at 4.59% of gross
domestic product which was sharply wider than the government’s revised
target of 3.8%.
• Yield on the existing 10-year benchmark paper (6.45% GS 2029) rose 3 bps
to close at 6.04% compared to the previous close of 6.01% after trading in a
range of 6.02% to 6.05%.
• Yield on the new 10-year benchmark paper (5.79% GS 2030) rose 4 bps to
close at 5.82% compared to the previous close of 5.78% after moving in a
range of 5.78% to 5.82%.
• The Indian rupee in spot trade strengthened against the greenback
following gains in the domestic equity market after the Indian government
announced a phased re-opening of the domestic economy. However, dollar
demand from private banks and foreign banks capped the gains.
• The euro rose against the greenback after U.S. President refrained from
imposing new tariffs on China.
• Gold prices rose on concerns over escalating tensions between U.S. and
China.
• Brent crude prices rose on reports that that the OPEC and Russia were
moving closer to a compromise on the duration for extending oil output
cuts.
• According to revised data released by the University of Michigan, U.S.
consumer sentiment index for May 2020 was downwardly revised to 72.3
from the preliminary reading of 73.7, while it was above Apr 2020 reading of
71.8.
• According to final data from IHS Markit, eurozone’s manufacturing PMI rose
to 39.4 in May 2020 from record low of 33.4 in Apr 2020. The improvement
came as companies restarted work after coronavirus lockdown eased.
• According to survey results from IHS Markit, China’s manufacturing
Purchasing Managers' Index (PMI) rose to 50.7 in May 2020 from 49.4 in Apr
2020. It returned to expansion zone in May driven by the easing of
restrictions related to the coronavirus.
Markets for You
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