Weekly Report: 22nd June 2015

Markets

Weekly Closing @ 120615

Weekly Closing @ 190615

Change (%)

BSE JUNE USDINR

64.0700

63.6225

-0.70

BSE JUNE EURINR

71.8650

71.9050

0.06

BSEJUNE GBPINR

99.3900

100.6825

1.30

BSE JUNE JPYINR

51.9475

51.6425

-0.59

EURUSD

1.1269

1.1352

0.74

GBPUSD

1.5559

1.5882

2.08

USDJPY

123.39

122.65

-0.60

$ INDEX

94.97

94.27

-0.74

S&P BSE SENSEX

26425

27316

3.37

Previous Week Economic Indicators

Date
Jun 15

Jun 16

Jun 17

Jun 18

Jun 19

Time
18:45
18:45
19:30
01:30
14:00
14:30
14:30
18:00
18:00
14:00
14:00
14:30
23:30
07:30
14:00
18:00
18:00
19:30
19:30
10:00

Event
USD Industrial Production (MAY)
USD Manufacturing (SIC) Production (MAY)
USD NAHB Housing Market Index (JUN)
USD Net Long-term TIC Flows (APR)
GBP Consumer Price Index (MoM) (MAY)
EUR German ZEW Survey (Economic Sentiment) (JUN)
EUR Euro-Zone ZEW Survey (Economic Sentiment) (JUN)
USD Building Permits (MoM) (MAY)
USD Housing Starts (MoM) (MAY)
GBP Employment Change (3M/3M) (APR)
GBP ILO Unemployment Rate (3M) (APR)
EUR Euro-Zone Consumer Price Index (MoM) (MAY)
USD Federal Open Market Committee Rate Decision (JUN 17)
CNY Foreign Direct Investment (YoY) CNY (MAY)
GBP Retail Sales (YoY) (MAY)
USD Consumer Price Index (MoM) (MAY)
USD Initial Jobless Claims (JUN 13)
USD Leading Indicators (MAY)
USD Philadelphia Fed. (JUN)
JPY All Industry Activity Index (MoM) (APR)

Actual
-0.2%
-0.2%
59
$53.9B
0.2%
31.5
53.7
11.8%
-11.1%
114K
5.5%
0.2%
0.25%
7.8%
4.6%
0.4%
267K
0.7%
15.2
0.1%

Forecast
0.2%
0.3%
56
0.2%
37.3
-3.5%
-4.0%
190K
5.5%
0.2%
0.25%
8.0%
4.3%
0.5%
277K
0.4%
8.0
0.2%

Previous
-0.5%
0.1%
54
$25.5B
0.2%
41.9
61.2
9.8%
22.1%
202K
5.5%
0.2%
0.25%
10.5%
4.6%
0.1%
279K
0.7%
6.7
-1.4%

Market Synopsis
Weekly DA @ 120615

Weekly DA @ 190615

Open
Interest

Turnover
( Rs. Crore)

Market
Share (%)

Open
Interest

Turnover
( Rs. Crore)

Market
Share (%)

Change
(Market
Share)

BSE

8,69,708

9,212.53

41.21%

10,00,313

10,191.93

36.69%

-4.52%

NSE

37,07,309

11,811.59

52.46%

41,29,985

16,881.05

57.69%

5.23%

MCX-SX

4,42,752

1,430.23

6.32%

4,76,948

1,615.82

5.60%

-0.72%

50,19,769

22,454

56,07,246

28,689

Exchanges

Total

Weekly Commentary
The stock market was in a bull grip last week. This could be attributed to a better-than-expected start to the monsoon
season, coupled with the U.S. Federal Reserve maintaining a dovish stand. Higher-than-expected IIP data for April and
a stable inflation rate also acted as catalysts for the Indian market. The rupee staged a spirited bounce back after
threatening to break the 64.50 rupees per dollar barrier.
Rupee opened the week at 64.15 levels and initially traded with a positive on account of improvement in Indias key
economic data. According to the latest data, IIP surged to 4.10% in April while CPI came in line with market expectations
at 5.01% in May. Further, WPI remained well around the comfort zone of the RBI which kept the currency unit on a firm
note. However, persistent Dollar demand from importers limited sharp gains in the Rupee. Though the trade deficit
narrowed marginally in May, weak performance of the exports weighed on the currency unit and it declined to 64.29
levels. Also long Dollar positions on cautioned ahead of the outcome of FOMC monetary policy pressurized the Rupee
to weaken. But Dollar selling from exporters at higher levels kept the Rupees losses under check and it reversed back to
64.10 levels. The local unit breached psychological level of 64.00 and moved towards its next key support of 63.80 levels
after the Fed said that the US economy still remains weaken while keeping interest rate unchanged. Further, sharp
recovery in major currencies and unwinding of long Dollar positions post the FOMC decision kept the currency unit on
a bullish note. In addition to this, sustained gains in the local equities created positivity in the markets. A break of 63.80
levels swiftly pushed the Rupee towards 63.65 levels on back of stop loss Dollar selling from exporters. The currency
unit strengthened to 63.53 levels after media reports that the RBI has proposed to change the FII limit for government
debt in Rupee instead of Dollars which in effect could lead to increase in FII limit by more than Rs 30,000 crores. Post
the news the local unit ended the week on a positive note at 63.55 levels on expectations of huge FII inflows.

This Weeks Economic Indicator

Date
Jun 22
Jun 23

Jun 24
Jun 25

Jun 26

Time
18:00
19:30
07:15
18:00
18:00
19:30
13:30
18:00
11:30
18:00
18:00
18:00
18:00
18:00
19:15
19:15
05:00
05:00
05:00
19:30

Event
USD Chicago Fed Nat Activity Index (MAY)
USD Existing Home Sales (MoM) (MAY)
CNY HSBC China Manufacturing PMI (JUN P)
USD Durable Goods Orders (MAY)
USD Durables Ex Transportation (MAY)
USD New Home Sales (MoM) (MAY)
EUR German IFO - Business Climate (JUN)
USD Gross Domestic Product Price Index (1Q T)
EUR German GfK Consumer Confidence Survey (JUL)
USD Personal Income (MAY)
USD Personal Spending (MAY)
USD Personal Consumption Expenditure Core (YoY) (MAY)
USD Initial Jobless Claims (JUN 20)
USD Continuing Claims (JUN 13)
USD Markit US Composite PMI (JUN P)
USD Markit US Services PMI (JUN P)
JPY Jobless Rate (MAY)
JPY Household Spending (YoY) (MAY)
JPY National Consumer Price Index (YoY) (MAY)
USD U. of Michigan Confidence (JUN F)

Actual

Forecast
0.16
4.8%
49.5
-0.7%
0.5%
1.6%
108.1
-0.1%
10.2
0.5%
0.7%
1.2%
273K
2220K
56.5
3.3%
3.6%
0.4%

Previous
-0.15
-3.3%
49.2
-1.0%
-0.2%
6.8%
108.5
-0.1%
10.2
0.4%
0.0%
1.2%
267K
2222K
56
56.2
3.3%
-1.3%
0.6%
94.6

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