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17 Jun 2020
Markets for You
Global Indices
Global Indices 16-Jun Prev_Day Abs. Change
% Change
#
Russell 3000 1,529 1,499 30 2.03
Nasdaq 9,896 9,726 170 1.75
FTSE 6,243 6,065 178 2.94
Nikkei 22,582 21,531 1,051 4.88
Hang Seng 24,344 23,777 567 2.39
Indian Indices 16-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 33,605 33,229 376 1.13
Nifty 50 9,914 9,814 100 1.02
Nifty 100 10,097 10,006 92 0.92
Nifty 500 8,152 8,086 66 0.81
Nifty Bank 20,297 19,913 384 1.93
S&P BSE Power 1,499 1,509 -10 -0.66
S&P BSE Small Cap
11,850 11,845 5 0.04
S&P BSE HC 16,135 16,172 -37 -0.23
Date P/E Div. Yield P/E Div. Yield
16-Jun 21.32 1.10 24.31 1.54
Month Ago 19.20 1.22 20.98 1.67
Year Ago 27.98 1.22 29.24 1.23
Nifty 50 Top 3 Gainers
Company 16-Jun Prev_Day
% Change
#
HDFC Bank 990 950 4.27
HDFC Ltd. 1822 1752 4.01
ICICI Bank 343 331 3.58
Nifty 50 Top 3 Losers Domestic News
Company 16-Jun Prev_Day
% Change
#
Tata Motors 95 101 -5.72
Bharti Infratel 216 223 -3.10
Tech Mahindra 533 549 -2.82
Advance Decline Ratio
BSE NSE
Advances 1172 847
Declines 1408 1036
Unchanged 148 65
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -19673
MF Flows** 35984
*16
th
Jun 2020; **12
th
Jun 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
5.84%
(Mar-20)
2.86%
(Mar-19)
IIP
-55.50%
(Apr-20)
3.20%
(Apr-19)
GDP
3.10%
(Mar-20)
5.70%
(Mar-19)
[1]
Data as on 15 Jun, 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
17 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
-18.30%
(Mar-20)
4.10%
(Dec-19)
Quarter Ago
Inflow/Outflow
1484
-2663
7.35%
(Dec-19)
Indian equity markets closed higher despite renewed signs of geo-political
tension between India and China. Investors took positive cues from U.S.
Fed's expanded bond-buying programme, which led to expectation of
higher foreign fund inflow in the domestic market.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.13% and
1.02% to close at 33,605.22 and 9,914.00 respectively.
The overall market breadth on BSE was weak with 1,172 scrips advancing
and 1,408 scrips declining. A total of 148 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Finance was the major gainer, up 2.39%
followed by S&P BSE Bankex, up 1.95% and S&P BSE Metal, up 1.47%. S&P
BSE Telecom was the major loser, down 1.46% followed by S&P BSE Realty,
down 0.75% and S&P BSE Power, down 0.66%.
According to the survey by the Centre for Monitoring Indian Economy,
India’s employment rate surged 3.3% to 35.7% for the week ended Jun 14,
2020 from 32.4%. The latest weekly rise is the highest jump so far, as
business resumes and people join back the workforce
According to media reports, the gross direct tax collection dropped 31% to
Rs. 1,37,825 crore in the Mar quarter of the 2020. Advance corporation tax
collections plunged 79%. A country-wide lockdown was in place aimed at
restricting the spread of the coronavirus pandemic during the Apr and May
2020.
Under the Rs. 3 lakh crore Emergency Credit Line Guarantee Scheme for the
Micro, Small & Medium Enterprise (MSME) sector, public sector banks have
disbursed Rs. 16,031.39 crore till Jun 12, 2020. MSME sector is adversely
affected due to Covid-19 crisis.
Prime Minister held a meeting with chief ministers and Lt Governors of 21
states and union territories. He said the economy is showing "green shoots"
as the country emerges from the coronavirus lockdown. He asserted that
the fight against the pandemic is a fine example of cooperative federalism
where the Centre and the states are working together.
Mahindra & Mahindra Ltd is expected to come out with a new range of
tractors, produced in partnership with Japan's Mitsubishi, to further
improve its domestic and overseas market position.
Beenext, a venture capital firm based in Singapore, said it has closed two
new funds by raising a total of $160 million. The first $110 million fund,
'Beenext Emerging Asia Fund,' will focus on empowering early-stage
startups and founders in India and South East Asia to accelerate digital
technologies that have led innovation and growth across sectors in the new
normal.
Asian markets rose with investor sentiments buoyed by U.S. Fed expanded
bond-buying programme. The U.S. central bank said it would buy individual
corporate bonds, thereby indicating a broader approach to corporate bond
buying. Today (as on June 17), Asian markets eased as the International
Monetary Fund said the global economy is set to see a more significant
contraction than it previously forecast. Both Nikkei and Hang Seng were
trading down 0.73%, and 0.21% (as at 8.a.m. IST), respectively.
European markets surged as sentiment improved after the U.S. Federal
Reserve expanded its bond-buying program. Also reports that the U.S.
government plans to draw up a huge infrastructure package. News about
discovery of a new drug to treat seriously ill covid-19 patients added to the
gains.
U.S. markets rose after upbeat U.S. retail sales in May 2020, as stores began
to reopen following the coronavirus lockdown. Retail sales surged 17.7% in
May 2020 after falling by a revised 14.7% in Apr 2020.
Markets for You
16-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 7920.38 8275.40 7886.10
Index Options 218936.96 218686.80 52833.63
Stock Futures 16251.02 18278.25 81285.50
Stock Options 5628.99 5695.51 5834.71
Total 248737.35 250935.96 147839.94
16-Jun Prev_Day
Change
Put Call Ratio (OI) 1.28 1.34 -0.07
Put Call Ratio(Vol) 1.13 0.93 0.20
16-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 3.58% 3.52% 3.97% 5.83%
T-Repo 2.95% 3.11% 3.00% 5.66%
Repo 4.00% 4.00% 4.40% 5.75%
Reverse Repo 3.35% 3.35% 3.75% 5.50%
91 Day T-Bill 3.29% 3.40% 3.35% 5.98%
364 Day T-Bill 3.52% 3.49% 3.72% 6.10%
10 Year Gilt 6.04% 6.00% 6.05% 6.92%
G-Sec Vol. (Rs.Cr) 32367 33915 31938 92107
FBIL MIBOR
[1]
3.87% 3.99% 4.46% 5.80%
3 Month CP Rate 4.20% 4.30% 4.55% 6.70%
5 Year Corp Bond 6.85% 6.84% 7.03% 8.04%
1 Month CD Rate 3.26% 3.29% 3.87% 6.03%
3 Month CD Rate 3.41% 3.51% 3.57% 6.33%
1 Year CD Rate 4.15% 4.08% 4.60% 7.15%
Currency 16-Jun Prev_Day
Change
USD/INR 75.84 76.11 -0.26
GBP/INR 96.04 94.84 1.20
EURO/INR 85.96 85.52 0.44
JPY/INR 0.71 0.71 0.00
Commodity 16-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
38.21 38.93 28.94 52.42
Brent Crude($/bl) 40.69 40.19 29.79 64.57
Gold( $/oz) 1727 1714 1741 1341
Gold(Rs./10 gm) 47374 46588 40989 33061
Source: Refinitiv
[1]
Data as on 15 Jun, 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
17 June 2020
Derivative Statistics- Nifty Options
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Nifty Jun 2020 Futures stood at 9,897.85, a discount of 16.15 points below
the spot closing of 9,914.00. The turnover on NSE’s Futures and Options
segment rose to Rs. 16,92,243.64 crore on June 16, 2020, compared with
Rs. 12,02,860.24 crore on June 15, 2020.
The Put-Call ratio stood at 1.06 compared with the previous session’s close
of 0.93.
The Nifty Put-Call ratio stood at 1.28 compared with the previous session’s
close of 1.34.
Open interest on Nifty Futures stood at 11.36 million, compared with the
previous session’s close of 11.69 million.
Bond yields rose following geo-political tension between India and China.
Investors are also awaiting measures from Reserve Bank of India to help
absorb the heavy supply, as well as policy easing.
Yield on the new 10-year benchmark paper (5.79% GS 2030) rose 6 bps to
close at 5.85% from the previous close of 5.79% after moving in a range of
5.80% to 5.86%.
Yield on the old 10-year benchmark paper (6.45% GS 2029) rose 6 bps to
close at 6.03% from the previous close of 5.97% after moving in a range of
5.97% to 6.04%.
Banks did not borrow under the central bank’s Marginal Standing Facility on
Jun 15, 2020 compared to that of Jun 12, 2020 when banks borrowed none.
The Indian rupee weakened against the greenback as escalating geopolitical
tensions between U.S. and China at the border weighed on the market
sentiment. Worries of a second wave of coronavirus infections also
contributed to the downside. The rupee fell 0.25% to close at 76.21 per U.S.
dollar from the previous close of 76.02.
The euro fell against the greenback as the latter strengthened after retail
sales in U.S rebounded in May.
Gold prices rose on economic uncertainty.
Brent crude prices rose after the International Energy Agency increased its
oil demand forecast for 2020.
The U.S. Federal Reserve announced that it will start buying corporate
bonds on the top of exchange traded funds which it already is buying. The
objective of the move is to provide support to the functioning of markets
and ease credit conditions.
The Bank of Japan kept interest rates on hold in its monetary policy review
and expanded the size of the coronavirus lending program to ¥110 trillion
from ¥75 trillion to lend support to the economy which has been reeling
under the COVID-19 pandemic.
Data from the U.S. Commerce Department showed that retail sales in U.S.
surged 17.7% in May 2020 following a 14.7% fall in Apr 2020 which can be
attributed to relaxations on coronavirus lockdowns.
Markets for You
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
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