Global Indices
Global Indices 20-May Prev_Day Abs. Change
% Change
Russell 3000 2,042 2,008 33 1.66
Nasdaq 13,536 13,300 236 1.77
FTSE 7,020 6,950 70 1.00
Nikkei 28,098 28,044 54 0.19
Hang Seng 28,450 28,594 -144 -0.50
Indian Indices 20-May Prev_Day Abs. Change
% Change
S&P BSE Sensex 49,565 49,903 -338 -0.68
Nifty 50 14,906 15,030 -124 -0.83
Nifty 100 15,164 15,273 -108 -0.71
Nifty 500 12,736 12,809 -73 -0.57
Nifty Bank 33,335 33,685 -351 -1.04
S&P BSE Power 2,785 2,785 0 -0.01
S&P BSE Small Cap 22,980 22,929 52 0.22
S&P BSE HC 24,361 24,434 -74 -0.30
Date P/E Div. Yield P/E Div. Yield
20-May 30.83 0.86 29.59 0.99
Month Ago 32.59 0.83 31.97 1.00
Year Ago 19.25 1.22 21.16 1.68
Nifty 50 Top 3 Gainers
Company 20-May Prev_Day
% Change
M&M 803 785 2.35
Cipla 924 904 2.24
BPCL 455 446 1.87
Nifty 50 Top 3 Losers Domestic News
Company 20-May Prev_Day
% Change
Tata Steel 1105 1164 -5.08
Hindalco 385 403 -4.49
GAIL 147 153 -3.57
Advance Decline Ratio
BSE NSE
Advances 1610 942
Declines 1496 1010
Unchanged 142 80
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 39488
MF Flows** -17623
*20
th
May 2021; **18
th
May 2021
Economic Indicator
YoY(%) Current Year Ago
CPI
4.29%
(Apr-21)
7.22%
(Apr-20)
IIP
22.40%
(Mar-21)
-18.70%
(Mar-20)
GDP
0.40%
(Dec-20)
3.30%
(Dec-19)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
21 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
2012
Indian Equity Market
Indices Performance
P/E Dividend Yield
Sensex
Nifty
2.20%
(Dec-20)
-7.50%
(Sep-20)
Quarter Ago
Inflow/Outflow
237
2533
4.06%
(Jan-21)
• Indian equity markets closed in the red due to lack of further domestic cues
and weak global market. The divergent views of U.S. Federal Reserve
members, as indicated in the meeting minutes released on May 19 over
inflation as well as accommodative stance and ECB’s warning of potential
bubble in financial assets which do not bode well for global equities,
including India weighed on investor sentiments.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.68% and 0.83%
to close at 49,564.86 and 14,906.05 respectively.
• The overall market breadth on BSE was strong with 1,610 scrips advancing
and 1,496 scrips declining. A total of 142 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Realty was the major gainer, up 0.89%
followed by S&P BSE Capital Goods, up 0.15% and S&P BSE Consumer
Durables, up 0.09%. S&P BSE Metal was the major loser, down 3.62%
followed by S&P BSE Oil & Gas, down 1.56% and S&P BSE Basic Materials,
down 1.14%.
• According to the labour ministry, retail inflation for farm workers and rural
labourers in Apr 2021 eased marginally to 2.66% and 2.94%, respectively, as
against 2.78% and 2.96%, respectively, in Mar 2021. The decline came
mainly due to lower prices of certain food items. Food inflation based on
farm workers and rural labourers stood at 1.24% and 1.54% in Apr 2021,
respectively.
• According to the Reserve Bank of India, all licenced prepaid payment
instruments (PPIs)— or mobile wallets— must be interoperable by FY23.
Thus, starting Apr 2022, a fully vetted mobile wallet user—one who has
met all know-your-customer (KYC) requirements—will be allowed to send
and receive money from several mobile wallets. This will be accomplished
for card-based PPIs through card network interoperability, and for e-wallets
through the Unified Payments Interface (UPI), according to the central
bank.
• According to the Centre for Monitoring Indian Economy, the
unemployment rate jumped to 14.5% in the week ending May 16,2021, the
highest in the last year, up from 8% in Apr 2021. During the countrywide
lockdown in Apr and May 2020, the unemployment rate was over 23%.
• According to a major rating agency, due to the Covid-19 outbreak and the
resulting statewide lockdowns, new investment projects launched during
the preceding financial year decreased by 68%. The rating agency
announced projects totaled Rs. 5.18 lakh crore in FY21, the lowest since
2004-05 and down from Rs. 16.28 lakh crore announced in FY20.
• Zee Entertainment Enterprise Ltd reported a consolidated net profit of Rs.
272.36 crore for the quarter ended in Mar 2021 as against net loss of Rs.
765.82 crore in the quarter ended a year ago. The company’s total income
was Rs 1,984.39 crore in quarter ended Mar 2021 as against Rs 1,991.74
crore in the corresponding quarter.
• Bosch Ltd posted a standalone net profit rose 5 times to Rs. 482 crore in
the quarter ended Mar 2021 from Rs. 81 crore logged in the year-ago
period. Its revenue from operations rose 44% to Rs. 3,217 crore for the
quarter ending Mar 2021 from the revenue of Rs. 223,6 crore clocked in the
same quarter last year.

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• Asian markets witnessed a mixed trend after the FOMC meeting minutes
suggested the U.S. central bank has begun debating whether to normalize
monetary policy. Today (as on May 21), markets are trading higher
following overnight gains in Wall Street. Both Nikkei and Hang Seng are up
0.91% and 0.07% (as at 8:00 AM IST), respectively.
• European markets closed in the green as some upbeat corporate earnings
reports and optimism about global economic recovery outweighed inflation
worries and fears about monetary easing.
• U.S. markets went up after data released by the Labor Department showed
unemployment claims in U.S. fell to 4,44,000 in the week to May 14,
compared with a revised 4,78,000 claims in the preceding week.
Markets for You
FII Derivative Trade Statistics 20-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 3308.82 3160.06 12842.75
Index Options 415168.22 415467.12 139271.87
Stock Futures 11715.79 13141.49 108579.81
Stock Options 19566.29 19650.28 20840.48
Total 449759.12 451418.95 281534.91
20-May Prev_Day
Change
Put Call Ratio (OI) 1.09 1.25 -0.15
Put Call Ratio(Vol) 0.94 0.99 -0.05
20-May Wk. Ago Mth. Ago
Year Ago
Call Rate 3.19% 3.31% 3.23% 3.98%
T-Repo 3.29% 3.26% 3.23% 3.05%
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% 3.33% 3.25%
364 Day T-Bill 3.69% 3.72% 3.72% 3.68%
10 Year Gilt 5.97% 6.01% 6.07% 5.77%
G-Sec Vol. (Rs.Cr) 21561 19695 19530 37202
FBIL MIBOR 3.40% 3.44% 3.43% 4.43%
3 Month CP Rate 3.60% 3.60% 3.55% 4.35%
5 Year Corp Bond 6.24% 6.26% 6.61% 7.00%
1 Month CD Rate 3.47% 3.37% 3.23% 3.75%
3 Month CD Rate 3.38% 3.37% 3.35% 3.50%
1 Year CD Rate 4.12% 4.14% 3.99% 4.66%
Currency 20-May Prev_Day
Change
USD/INR 73.12 72.97 0.15
GBP/INR 103.28 103.50 -0.23
EURO/INR 89.13 89.32 -0.19
JPY/INR 0.67 0.67 0.00
Commodity 20-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 61.90 63.77 62.56 33.06
Brent Crude($/bl) 67.20 68.65 64.44 34.39
Gold( $/oz) 1877 1827 1777 1749
Gold(Rs./10 gm) 47569 47569 47314 40989
Source: Refinitiv
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21 May 2021
Derivatives Market
Indian Debt Market
Currency Market Update
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• Nifty May 2021 Futures stood at 14,933.25, a premium of 27.20 points
above the spot closing of 14,906.05. The turnover on NSE’s Futures and
Options segment rose to Rs. 81,72,082.82 crore on May 20, 2021, compared
with Rs. 42,83,302.55 crore on May 19, 2021.
• The Put-Call ratio stood at 0.88 compared with the previous session’s close
of 0.93.
• The Nifty Put-Call ratio stood at 1.09 compared with the previous session’s
close of 1.25.
• Open interest on Nifty Futures stood at 12.25 million, compared with the
previous session’s close of 12.31 million.
• Bond yields were almost steady as market participants remained wary of
taking any positions ahead of the weekly government securities auction.
• Yield on the 10-year benchmark paper (5.85% GS 2030) inched down 1 bps
to close at 5.97% from the previous close of 5.98% after moving in a narrow
range of 5.96% to 5.99%.
• Data from RBI showed that money supply increased at an annualized rate of
10.2% in the fortnight ending May 07, 2021, compared with an increase of
11.5% a year earlier. The currency with the public increased 14.8% during
the same fortnight compared with an increase of 16.8% a year earlier.
• Banks did not borrowed under the central bank’s marginal standing facility
on May 19, 2021 compared with Rs. 108 crore borrowing on May 18, 2021.
• The Indian rupee inched up against the U.S. dollar, as greenback inflows
neutralised the negative effect of importer hedging amid the U.S. Federal
Reserve’s bond taper concerns.
• Euro rose against the U.S. dollar as market participants were of the view that
the U.S. Federal Reserve would continue to keep interest rates at lower
levels for an extended period of time.
• Gold prices rose as market participants were of the view that the U.S.
Federal Reserve would continue to keep interest rates at lower levels
despite talks about tapering.
• Brent crude prices were almost steady amid reports that progress was made
towards a deal to lift sanctions on Iran, which could boost crude supply.
• People’s Bank of China kept one-year loan prime rate was maintained at
3.85% and the five-year loan prime rate was kept unchanged at 4.65%.
Policymakers are focusing on addressing financial vulnerabilities now that
the economy is well above its pre-virus trajectory. However, there are few
indications that these initiatives will include policy rate increase. As a result,
even if rates remain unchanged, tighter lending conditions will become a
growing headwind for the economy in the coming quarters.
• According to data from Eurostat, eurozone’s construction output rose 2.7%
MoM in Mar 2021 as against 2% fall in Feb 2021. On a yearly basis, the
construction output rose 18.3% in Mar as against 5.4% fall in Feb.
Markets for You