FIIs/FPIs have bought Indian equity shares worth Rs.79 billion and Rs. 19 billion in May 2019 and till now in June 2019 respectively.
The Nifty Index futures witnessed marginal fall in open interest by 0.4% for the June series and rise in open interest by 72% for the July series. Implied volatility (IV) fell for put option and call option in the last week. Fall in IV for put option and call option shows steady support for Nifty at present levels.
The US annual inflation rate fell to 1.8% in May 2019 from a five-month high in the previous month and just below forecasts of 1.9%, raising expectations that the Federal Reserve will start cutting interest rates this year. The core inflation rate, which excludes volatile items such as food and energy, edged down to 2.0 percent, also below market consensus of 2.1%.
US industrial output rose 0.4% from a month earlier in May 2019, reversing a 0.4% fall in April 2019 and beating market expectations of a 0.2% gain. That was the biggest increase in industrial production since November last year, boosted by a rebound in manufacturing and utilities output.
China’s retail trade rose by 8.6% (Y-o-Y) in May 2019, following a 7.2% advance in April 2019 and beating market expectations of 8.1%, as automobiles sales rose for the first time since April 2018.
China’s industrial production increased 5% (Y-o-Y) in May 2019, easing from a 5.4% advance in April 2019 and missing market consensus of 5.5%.
Industrial production in Japan rose by 0.6% (M-o-M) in April 2019, following a 0.6% fall in the previous month and matching a preliminary estimate and market expectations.
Industrial production in the Euro Area declined 0.4% from a year earlier in April 2019, following an upwardly revised 0.7% contraction in the previous month and compared to market expectations of 0.5% drop.
The number of Americans filling for unemployment benefits rose to 222,000 in the week ended 8th June 2019, from the previous week’s upwardly revised level of 219,000 while markets had expected it to fall to 116,000.
Stocks of crude oil in the United States increased by 2.206 million barrels in the week ended 7th June 2019, following a 6.771 million jump in the previous week and against market expectations of a 0.481 million decrease.
Wall Street closed modestly lower on 14th June 2019 after China´s industrial production growth slowed to over 17-year low increasing investor’s fears of a global recession and overshadowing a solid growth of 0.4% in US industrial output, which was the biggest increase since November last year. During the week, Dow Jones gained by 0.5%, Nasdaq rose by 0.2% and S&P 500 remained unchanged.
Sensex and Nifty declined by 0.25% and 0.44% respectively during last week.
India’s retail price inflation rate rose to 3.05% (Y-o-Y) in May 2019 from an upwardly revised 2.99% in the previous month and slightly above market expectations of 3.01%. That was the highest rate since October last year, mainly supported by higher food prices. Still, inflation came in below the Reserve Bank of India’s medium-term target of 4% for ten consecutive months.
Wholesale prices in India rose by 2.45% (y-o-Y) in May 2019, easing from a 3.07% gain in the previous month and below market expectations of 3.1%. It was the lowest wholesale inflation rate since July 2017, amid a slowdown in cost of food, fuel and manufactured products.
India’s trade deficit widened to USD 15.36 billion in May 2019 from USD 14.62 billion in the same month last year, but below market expectations of USD 15.84 billion. Imports were up 4.31% to an all-time high of USD 45.35 billion, boosted by purchases of gold and oil. Meanwhile, exports rose at a softer 3.93% to USD 30 billion.
Bharti Airtel will pay the Tanzanian government USD 26.2 million over a period of five years to settle an ownership dispute. The company will pay to the government 1 billion shillings every month for sixty months .
Adani Australia received the environmental approval to start mining at its Carmichael mine, ending an eight-year wait and costly litigation. In a public statement, Adani Mining said that according to the approval, the mining plan of the company was in line with all the regulatory conditions set by the Australian and State Governments.
Sectoral Indices Trends:
The sectoral indices closed mostly in negative territory during last week. The S&P BSE PSU, Auto, Bankex and Oil & Gas indices had declined by -0.70%, -2.04%, -1.47% and -1.16% respectively. S&P BSE IT index gained by 1.07% during last week.
Indiabulls Housing Finance Witnesses highest rise in turnover in Stock Derivatives
Indiabulls Housing Finance Witness rise in turnover in Stock Derivatives
Indiabulls Housing Finance has witnessed rise in open interest in the stock future segment in the last week. Share price of Indiabulls Housing Finance declined by 12% during last week. Share price fell sharply on Friday after its management were accused of allegedly misappropriated Rs. 980 billion of public money. In the last 15 days, share price has corrected 24% and has plummeted 50% in last one-year period.
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 0.56% against USD, USD/INR pair closed at Rs. 69.78 in the last week.