FIIs/FPIs have bought Indian equity shares worth Rs. 211 billion in April 2019 and sold shares worth Rs. 13.45 billion in May 2019 (till 10th May 2019).
The Nifty Index futures witnessed fall in open interest by 9.5% for the May series and by 22% for the June series. Implied volatility (IV) fell for call option and rose for put option in the last week. Rise in IV for put option and fall in IV for put option shows unsteady support for Nifty at present levels.
Indian equities declined for a eight straight trading sessions as renewed worries over US-China trade war continued to spook markets and all global markets across the world. Global equity markets closed on a negative note after US President Donald Trump said US will be increasing USD 200 billion of Chinese goods from 10% to 25% which came into effect from 10th May 2019.
US trade deficit widened to USD 50 billion in March 2019 from an eight-month low of USD 49.3 billion in February 2019 and compared to market expectations of USD 50.2 billion.
The US annual inflation rate rose to 2% in April 2019 from 1.9% in the previous month, just below forecasts of 2.1%. It was the highest rate since last November, led by a rebound in energy prices. The core inflation rate, which excludes volatile items such as food and energy, edged up to 2.1% from 2% in March 2019, matching market expectations.
The US trade deficit widened to USD 50 billion in March 2019 from an eight-month low of USD 49.3 billion in the previous month and compared to market expectations of USD 50.2 billion.
China’s consumer price inflation rose to 2.5% (Y-o-Y) in April 2019 from 2.3% in the previous month, matching market consensus. This was the highest rate since October last year, with food cost rising the most in three years.
The IHS Markit Eurozone Services PMI was revised higher to 52.8 levels in April 2019 from a preliminary estimate of 52.5 levels but was still below March’s final reading of 53.3 levels.
The Nikkei Japan Manufacturing PMI climbed to 50.2 levels in May 2019 from 49.2 levels in the previous month, the final figure showed. The headline PMI returned to expansion territory for the first time since January 2019, as both output and new orders decreased at softer rates, still affected by weaker domestic and foreign demand.
Stocks of crude oil in the United States decreased by 3.963 million barrels in the week ended 3rd May 2019, following a 9.934 million rise in the previous week and compared with market expectations of a 1.215 million gain.
The number of Americans filling for unemployment dropped by 2,000 to 228,000 in the week ending 4th May 2019 from the previous week’s unrevised level of 230,000. It compares with market expectations of 220,000.
Wall Street closed mixed on Frida, as investors reacted positively from President Trump comments that conversations with China over trade policy will continue, paring deep losses earlier in the session. During the week, Dow Jones fell by 2.12%, Nasdaq plummeted by 3% and S&P 500 declined by 1%.
Sensex and Nifty declined by 3.90% and 3.70% respectively during last week.
India’s industrial production fell 0.1% from a year earlier in March 2019, the first month of contraction since June 2013.
The Nikkei India Services PMI dropped unexpectedly to 51 levels in April 2019 from 52 levels in the previous month and missing market consensus of 52.5 levels. The latest PMI reading pointed to the weakest pace of expansion in the service sector since September last year, amid disruptions arising from the elections, with both output and new business rising the least in seven months.
L&T acquired more than 33 lakh shares of Mindtree through the open market at a price of Rs 980 a piece on Thursday, the engineering major has now taken its total shareholding in the IT firm to 25.93%.
Sectoral Indices Trends:
The sectoral indices closed in negative territory during last week. The S&P BSE PSU, Auto, IT, Oil & Gas and Bankex indices had declined by 3.19%, 3.43%, 1%, 4.54% and 3.17% respectively.
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 remained unchanged during last week. SBI management chose to take a huge knock on its profits in exchange for a less turbulent future on asset quality. Asset quality of the bank improved with percentage of gross non-performing assets (NPAs) easing to 7.73% from 8.71% on a sequential basis.
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 depreciated by 1.192% against USD, USD/INR pair closed at Rs. 69.933 in the last week.