Cash Market Is Trading Weak From Last 10 Days. Small Cap Index Has Fallen 4%

Stock Market Today by Shailesh Saraf – 12th June 2019

Small Cap Index has fallen 4% in the last 10 days from its high of 6687 to 6340. The issue of increasing NPA in Banks and Financial Services, payment defaults of companies, lower credit ratings has provided negative sentiment in the market. We suggest our readers to stay cautious with respect to fresh buying position in the market.

Yes bank is down by 3.75% as Yes Bank’s founder Rana Kapoor has demanded for a seat on the board and compensation for lost payment has thrown the private sector lender’s board into a tizzy, forcing the resignation of a second independent director. In two days Central government on Monday took a decision to ban auditors Deloitte Haskins & Sells and BSR & Co for their alleged role in helping hide bad loans at the bankrupt IL&FS Financial Services.

On international front, market may remain volatile ahead of the Group-of-20 summit, which some say could provide a breakthrough in stalled trade talks between the world’s two-largest economies. U.S. President Donald Trump said he is personally holding up a trade deal with China and that he won’t complete the agreement unless Beijing returns to terms negotiated earlier in the year.

US Federal Reserve will announce its monetary policy on 19th June. Our study says that the Federal Reserve may lower down its interest rate by 25 basis points as 3 month Treasury yield is trading at 2.28. The current interest rate is 2.5%.

Sector Analysis:

Yesterday market was up from its previous day closing by few points, the sectors which managed to stay in green in major sector were Energy-Oil & Gas, Banks-Private and PSU, Power and Metals and Mining while Gold & Jewellery, Telecom, Films, Services and Media-TV and Newspaper were top 5 sectors which were up in minor sectors.

The following companies has outperformed yesterday: Jain Irrigation Systems (Industrial Manufacturing) by 9.38%, Reliance Home Finance (Financial Services) by 8.87%, 3I Infotech (IT) by 9.09%, Welspun Enterprises (Infrastructure Construction and Engineering) by 5.08% and Navkar Corp (Transportation Logistics) by 7.43%.

US Data

The US 10 Year T-Note is trading at 126.84. The Bond has crucial support at 117.42 made on 5th Nov 2018. The US Dollar Index is trading at 96.653.

Open Interest Analysis:

FII & PRO are the major players in the Derivatives segment and have an upper hand in the market and their position provides direction to the market. In the June month expiry, they have started with the position of (-30212) contracts in Index option (both FII & PRO combined) when Nifty spot was trading at 11946.Till yesterday they had Net Open Interest position of (-31936) contracts for the June expiry. In the last trading session FII and PRO in combined have sold 85573 contracts.

Index Options

FII+PRO in combined have bought 85573 contracts in Index options in the last trading session.

Index Options

Cash Market Data

In last 10 days, FII and DII in combined have bought stocks in cash segment worth Rs.654.05 Crores.

Cash Market Data

Sector Performance as on 11th June, 2019

Sector Performance as on 11th June, 2019

Sector wise Small Cap gainers as on 11th June

Sector wise Small Cap gainers as on 11th June

Mid cap Gainers & Losers as on 11th June 2019

Mid cap Gainers & Losers as on 11th June 2019

Large cap Gainers & Losers as on 11th June, 2019

Large cap Gainers & Losers as on 11th June, 2019

Upcoming Results

Upcoming Results

DISCLAIMER

Research Team - Tel: 8336087004, write to us at support@dynamiclevels.com to give feedback.

1. The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision

2. Past performance is not an indicator of future returns.

DYNAMIC EQUITIES PVT. LTD. SEBI REGISTRATION NUMBER

  • INZ000193533 (NSE, BSE & MCXSX)

MUTUAL FUND ARN DETAILS

  • Our ARN No - 124058
    Our ARN Name - DYNAMIC EQUITIES PVT. LTD.
    Our EUIN No - E197719
  • Investment Advisory Reg. No. : INA300002022
  • PMS Reg. No. INP000003468
  • DP Reg. No. IN-DP-CDSL-192-2002
    CIN: U67190WB1999PTC090087

CIN: U67190WB2003PTC096617. Trading in Commodities is done through our Group Company Dynamic Commodities Pvt. Ltd (SEBI Regn. No. INZ000047433). The company is engaged in Proprietory Trading.

Disclaimer: There is no guarantee of profits or no exceptions from losses. The investment advice provided are solely the personal views of the research team. You are advised to rely on your own judgment while making investment / Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. You should read and understand the Risk Disclosure Documents before trading/Investing.

Disclosure: We, Dynamic Equities Private Limited are also engaged in Proprietory Trading apart from Client Business. In case of any complaints/grievances, clients may write to us at compliance@dynamiclevels.com
“2019 © COPYRIGHT DYNAMIC EQUITIES PVT. LTD.”