Global Indices
Global Indices 17-May Prev_Day Abs. Change
% Change
Russell 3000 2,021 2,030 -10 -0.47
Nasdaq 13,379 13,430 -51 -0.38
FTSE 7,033 7,044 -11 -0.15
Nikkei 27,825 28,084 -260 -0.92
Hang Seng 28,194 28,028 167 0.59
Indian Indices 17-May Prev_Day Abs. Change
% Change
S&P BSE Sensex 49,581 48,733 848 1.74
Nifty 50 14,923 14,678 245 1.67
Nifty 100 15,134 14,893 241 1.62
Nifty 500 12,672 12,472 200 1.60
Nifty Bank 33,459 32,170 1,290 4.01
S&P BSE Power 2,692 2,643 49 1.86
S&P BSE Small Cap 22,559 22,201 358 1.61
S&P BSE HC 24,089 24,091 -1 -0.01
Date P/E Div. Yield P/E Div. Yield
17-May 31.43 0.86 30.20 0.98
Month Ago 33.95 0.74 32.84 0.98
Year Ago 19.20 1.22 20.98 1.67
Nifty 50 Top 3 Gainers
Company 17-May Prev_Day
% Change
IndusInd Bank 956 891 7.36
SBI 383 360 6.28
ICICI Bank 624 597 4.40
Nifty 50 Top 3 Losers Domestic News
Company 17-May Prev_Day
% Change
Cipla 881 904 -2.53
L&T Ltd. 1387 1416 -2.03
Bharti Airtel 550 560 -1.92
Advance Decline Ratio
Advances 2075 1340
Declines 1095 650
Unchanged 189 99
Institutional Flows (Equity)
Description (Cr)
FII Flows* 37173
MF Flows** -19523
May 2021; **12
May 2021
Economic Indicator
YoY(%) Current Year Ago
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18 May 2021
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI from 2010 to
Indian Equity Market
Indices Performance
P/E Dividend Yield
Quarter Ago
Indian equity markets moved up with investors taking positive cues from
the report suggesting that domestic coronavirus cases falling below
3,00,000 mark for the first time since April 21. However, gains were
restricted after European markets commenced the session on a weaker
note as underwhelming Chinese data and a resurgence of COVID-19 cases
in some Asian countries outweighed optimism over the reopening of the
British economy.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.74% and
1.67% to close at 49,580.73 and 14,923.15 respectively.
The overall market breadth on BSE was strong with 2,075 scrips advancing
and 1,095 scrips declining. A total of 189 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Bankex was the major gainer, up 3.98%
followed by S&P BSE Finance, up 3.08% and S&P BSE Metal, up 1.93%. S&P
BSE Telecom was the major loser, down 1.36% followed by S&P BSE
Healthcare, down 0.01%.
Government data showed that the Wholesale Price Index (WPI) based
inflation surged to 10.49% on a yearly basis in Apr 2021 from 7.39% in the
previous month and 4.83% in Feb 2021. WPI inflation in the same period of
the previous year stood at -1.57%. The WPI Food Index also surged to
7.58% in Apr 2021 from 5.28% in the previous month and 3.58% in Feb
2021. WPI based rate of inflation for crude petroleum and natural gas over
the year stood at 79.56% compared to the same period of the previous year
when the same stood at -46.17%. WPI inflation for manufactured products
stood at 9.01% in Apr 2021 compared to the same period of the previous
year when the same stood at 0.17%.
The Indian government has released Rs. 5,968 crore to 15 States for the
implementation of Jal Jeevan Mission in FY22. This is the first tranche of
the four to be released by the government in this fiscal. Other 17 States/
Union Territories have been asked to send their proposals to National Jal
Jeevan Mission for release of funds.
According to the Reserve Bank of India Bulletin for May 2021, the
consolidated balance sheet of non-banking financial companies (NBFCs)
grew at a slower pace in Q2 and Q3 of FY21. Profitability of the sector
improved marginally in Q2 and Q3 of FY21 as the expenditure of NBFCs
registered a steeper fall than income. The asset quality of NBFCs improved
in Q2 and Q3 of FY21 compared to Q4 of FY20 on account of regulatory
forbearance to mitigate the impact of COVID-19 pandemic.
According to media reports, drug firm Gland Pharma witnessed an increase
of 34% in its consolidated net profit which stood at Rs 260.4 crore for the
fourth quarter ended Mar 2021. The company had posted a net profit of Rs.
194.8 crore in the same period of the previous year.
According to media reports, telecom major Bharti Airtel reported a
consolidated net profit of Rs. 759 crore for the quarter ended Mar 31,
2021. The company posted a loss of Rs. 5,237 crore during the same period
of the previous year. On a sequential basis, the consolidated net profit
came down by 11% from Rs. 853 crore reported in the quarter ended Dec
31, 2021.
Asian markets witnessed a mixed trend with investors keeping a wary eye
on the COVID-19 surge across much of Asia. Market participants also eyed
the minutes from the Federal Open Market Committee's latest meeting,
due on May 19, for further clues to officials' views on the recovery. Today
(as on May 18), markets are trading higher following the release of Japan’s
first quarter GDP data. Both Nikkei and Hang Seng are up 2.27% and 1.24%
(as at 8:00 AM IST), respectively.
European markets went down with investors focusing on the COVID-19
surge across much of Asia, and Taiwan imposing strict social curbs to stem
its worst virus outbreak.
U.S. markets settled in the red amid caution ahead of the release of the
minutes of the Federal Reserve's latest monetary policy meeting on May
Markets for You
FII Derivative Trade Statistics 17-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 4808.18 4182.97 11432.67
Index Options 248258.28 243614.34 106791.28
Stock Futures 15428.04 16330.09 103473.09
Stock Options 21068.15 21409.21 17270.46
Total 289562.65 285536.61 238967.50
17-May Prev_Day
Put Call Ratio (OI) 1.40 1.11 0.29
Put Call Ratio(Vol) 0.93 0.89 0.05
17-May Wk. Ago Mth. Ago
Year Ago
Call Rate 3.15% 3.24% 3.25% 3.97%
T-Repo 3.28% 3.27% 3.23% 3.00%
Repo 4.00% 4.00% 4.00% 4.40%
Reverse Repo 3.35% 3.35% 3.35% 3.75%
91 Day T-Bill 3.37% 3.36% 3.35% 3.35%
364 Day T-Bill 3.70% 3.71% 3.74% 3.72%
10 Year Gilt 5.97% 6.01% 6.09% 5.75%
G-Sec Vol. (Rs.Cr) 35162 20784 37812 31938
FBIL MIBOR 3.39% 3.46% 3.44% 4.46%
3 Month CP Rate 3.60% 3.55% 3.60% 4.55%
5 Year Corp Bond 6.24% 6.26% 6.61% 7.03%
1 Month CD Rate 3.43% 3.40% 3.18% 3.87%
3 Month CD Rate 3.37% 3.37% 3.32% 3.57%
1 Year CD Rate 4.13% 4.14% 3.99% 4.60%
Currency 17-May Prev_Day
USD/INR 73.24 73.37 -0.13
GBP/INR 103.27 103.05 0.22
EURO/INR 88.89 88.76 0.13
JPY/INR 0.67 0.67 0.00
Commodity 17-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 66.19 64.87 63.11 28.94
Brent Crude($/bl) 70.25 69.22 65.78 29.79
Gold( $/oz) 1866 1835 1776 1741
Gold(Rs./10 gm) 47569 47569 47021 40989
Source: Refinitiv
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18 May 2021
Derivatives Market
Indian Debt Market
Currency Market Update
Commodity Market Update
International News
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Nifty May 2021 Futures stood at 14,952.10, a premium of 28.95 points
above the spot closing of 14,923.15. The turnover on NSE’s Futures and
Options segment rose to Rs. 33,06,583.10 crore on May 17, 2021, compared
with Rs. 25,40,178.09 crore on May 14, 2021.
The Put-Call ratio stood at 0.83 compared with the previous session’s close
of 0.86.
The Nifty Put-Call ratio stood at 1.4 compared with the previous session’s
close of 1.11.
Open interest on Nifty Futures stood at 12.59 million, compared with the
previous session’s close of 12.33 million.
Bond yields continue to decline as the Reserve Bank of India’s (RBI) decision
to not sell the 10-year benchmark paper during last Friday weekly auction,
lifted sentiment.
Yield on the 10-year benchmark paper (5.85% GS 2030) fell 2 bps to close at
5.97% from the previous close of 5.99% after moving in a narrow range of
5.96% to 5.98%.
Banks did not borrowed under the central bank’s marginal standing facility
on May 13, 2021 compared with borrowing of Rs. 58 crore on May 12, 2021.
The Indian rupee rose for the second consecutive session against the U.S.
dollar, tracking strong gains in domestic equity market on expectations that
the second Covid-19 wave in the country may have peaked.
Euro was little changed against the U.S. dollar on new restrictions in Asia to
contain COVID-19 and mixed economic signals from China.
Gold prices rose as market participants preferred to remain on the side-lines
and awaited the minutes of the U.S. Federal Reserve’s latest monetary policy
Brent crude prices rose as economic reopening in Europe improved the
prospects of global growth.
Data published by the National Bureau of Statistics showed that industrial
production in China grew 9.8% on a yearly basis in Apr 2021 which is slower
than the 14.1% increase in Mar 2021. Retail sales rose 17.7% on a yearly
basis in Apr 2021, much slower than the 34.2% increase seen in Mar 2021.
Data from the National Association of Home Builders showed that the
homebuilder confidence in the U.S. held stable in May 2021. The NAHB/Wells
Fargo Housing Market Index came in at 83 in May 2021, unchanged from
Data from the New York Federal Reserve showed that its general business
conditions index fell to 24.3 in May 2021 from 26.3 in Apr 2021. The
inventories index also came down to 7.1 in May 2021 from 11.6 in Apr 2021.
Markets for You