FIIs/FPIs have bought Indian equity shares worth Rs. 211 billion in April 2019 and sold shares worth Rs. 20 billion in May 2019 (till 24th May 2019).
The Nifty Index futures witnessed rise in open interest by 8.3% for the May series and by 125% for the June series. Implied volatility (IV) fell for call option and put option in the last week. Fall in IV for put option and call option shows steady support for Nifty at present levels.
Fed officials agreed that a patient approach to monetary policy would likely remain appropriate for some time even if global conditions continue to improve, especially in an environment of moderate economic growth and muted inflation pressures, minutes of the May policy- meeting showed.
ECB officials agreed that the slower growth momentum was extending into the current year and that some recent data had turned out even weaker than expected while inflation remained uncomfortably below the central bank’s medium-term target, minutes of the April policy-meeting showed.
The IHS Markit Eurozone Services PMI decreased to 52.5 levels in May 2019 from 52.8 levels in the previous month and below market consensus of 53 levels.
The Nikkei Japan Manufacturing PMI fell to 49.6 levels in May 2019 from 50.2 levels in the previous month and below market expectations of 50.5 levels. Output and new orders continued to decline, dragged by fragile domestic and international demand conditions, while employment growth slowed.
Japan posted a trade surplus of JPY 60 billion in April 2019 compared with a JPY 621 billion surplus in the same month a year earlier and market expectations of a JPY 203 billion surplus. Exports declined for a fifth straight month while imports gained.
Japan’s consumer price inflation rose to 0.9% (Y-o-Y/) in April 2019 from 0.5% in the previous month and in line with market consensus. It was the highest inflation rate since October last year, with prices of food surging following declines in the prior four months.
Stocks of crude oil in the United States increased by 4.74 million barrels in the week ended 17th May 2019, following a 5.431 million rise in the previous week and compared with market expectations of a 0.599 million drop.
The number of Americans filling for unemployment benefits decreased by 1,000 to 211,000 in the week ended 18th May 2019 from the previous week’s unrevised level of 212,000 and compared with market expectations of 215,000.
Wall Street edged higher on Friday, as investors sentiment was boosted after US President Donald Trump announced that ongoing trade disputes will end soon. During the week, Dow Jones fell by 0.7%, Nasdaq plummeted by 2.3% and S&P 500 declined by 0.54%.
European stock markets closed in green on Friday, following a tumultuous week after investors nerves eased on US President Donald Trump prediction that ongoing trade disputes will end soon. Also, Prime Minister Theresa May announced she will resign as leader of the Conservative party on 7th June 2019. During the week FTSE declined by 1% and DAX fell by 1.70%.
Stock markets across the Asia-Pacific region closed mixed on Friday, as market particpants are expecting global economic slowdown because of trade war between the two world’s largest economies. During last week, Nikkei 225 declined by 0.70%, Hangseng fell by 2% and China Shanghai Composite dropped by 1%
The crude oil prices rebounded slightly on Friday, supported by political tensions in the Middle East and OPEC-led production cuts. Prices had been under pressure, amid an increase in trade tensions between the US and China while the US Energy Information Administration said on Wednesday that crude inventories had hit the highest level since July 2017. Crude oil prices declined by 5% during last week.
Sensex and Nifty gained by 4% and 3.8% respectively during last week. Sensex & Nifty crossed the 40,000 and 12,000 mark for the first time ever on Thursday.
NMDC currently holds 76% in Legacy Iron Ore Limited, Perth-based Australian exploration company focussed on development of iron ore, gold and base metal deposits. NMDC has plans to invest AUD 10 million (Australian Dollar) in Legacy’s gold project to increase its shareholding to 100%.
Tata Motors management expects the ongoing financial year to be tough for the truck market and sees it ending the year with single-digit growth. This comes ahead of a transition to BSVI emission norms, lower freight volume and liquidity crisis
Sectoral Indices Trends:
The sectoral indices closed mostly in positive territory during last week. The S&P BSE PSU, Auto, Bankex and Oil & Gas indices had gained by 7%, 5%, 7% and 5% respectively. S&P BSE IT indicex declined by 2% during last week.
SBI Witnesses highest rise in turnover in Stock Derivatives
SBI Witness rise in turnover in Stock Derivatives
SBI has witnessed rise in open interest in the stock future segment in the last week. Share price of SBI gained by 7.5% during last week. Last week, most of the stock in the market have witnessed sharp price in share price as the Lok Sabha election results have come as per the marker expectations which has improved the market sentiment.
Foreign Institutional Investors (FIIs) Derivative Statistics have shown rise in the open interest across Stock Options, Index futures, Index options and Stock futures on a week on week basis.
Indian rupee appreciated by 1.4% against USD, USD/INR pair closed at Rs. 69.373 in the last week.