Mutual Fund News of 29 March 2019 – Reliance Mutual Fund

01 Apr 2019

Markets for You

Global Indices

Global Indices 29-Mar Prev_Day Abs. Change

% Change

Dow Jones 25,929 25,717 211 0.82

Nasdaq 7,729 7,669 60 0.78

FTSE 7,279 7,234 45 0.62

Nikkei 21,206 21,034 172 0.82

Hang Seng 29,051 28,775 276 0.96

Indian Indices 29-Mar Prev_Day Abs. Change

% Change

S&P BSE Sensex 38,673 38,546 127 0.33

Nifty 50 11,624 11,570 54 0.47

Nifty 100 11,789 11,719 70 0.60

Nifty Bank 30,427 30,421 6 0.02

SGX Nifty 11,699 11,571 129 1.11

S&P BSE Power 2,034 2,021 13 0.66

S&P BSE Small Cap 15,027 14,918 109 0.73

S&P BSE HC 14,408 14,213 195 1.37

Date P/E Div. Yield P/E Div. Yield

29-Mar 28.04 1.13 29.01 1.13

Month Ago 26.23 1.20 26.32 1.25

Year Ago 22.66 1.18 24.66 1.29

Nifty 50 Top 3 Gainers

Company 29-Mar Prev_Day

% Change

Indiabulls HFC 858 811 5.81

HPCL 284 272 4.18

Vedanta 184 178 3.59

Nifty 50 Top 3 Losers Domestic News

Company 29-Mar Prev_Day

% Change

GAIL 348 358 -2.97

IndusInd Bank 1780 1821 -2.26

Eicher Motors 20548 20899 -1.68

Advance Decline Ratio

BSE NSE

Advances 1457 1042

Declines 1187 792

Unchanged 159 97

Institutional Flows (Equity)

Description (Cr)

YTD

FII Flows* 46938

MF Flows** 2097

*29

Mar 2019; **28

Mar 2019

Economic Indicator

YoY(%) Current Year Ago

CPI

2.57%

(Feb-19)

4.44%

(Feb-18)

IIP

1.70%

(Jan-19)

7.50%

(Jan-18)

GDP

6.60%

(Dec-18)

7.70%

(Dec-17)

01 April 2019

Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI from

2010 to 2012

Indian Equity Market

Indices Performance

P/E Dividend Yield

Sensex

Nifty

8.40%

(Oct-18)

7.10%

(Sep-18)

Quarter Ago

Inflow/Outflow

-1711

3521

3.38%

(Oct-18)

• Indian equity markets gained modestly on the back of strong foreign

fund flows. The high probability of the ruling party coming back to power

is strengthening markets. Global cues were positive too as bond yields

steadied and investors rejoiced signs of progress in U.S.-China trade talks.

• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.33% and

0.47% to close at 38,672.91 and 11,623.90, respectively. S&P BSE Mid-Cap

and S&P BSE Small Cap gained 0.99% and 0.73%, respectively.

• The overall market breadth on BSE was strong with 1457 scrips

advancing and 1187 scrips declining. A total of 159 scrips remained

unchanged.

• On the BSE sectoral front, S&P BSE Metal was the major gainer, up

2.33%, followed by S&P BSE Basic Materials and S&P BSE Healthcare, up

2.1% and 1.37%, respectively. S&P BSE Auto and S&P BSE Oil & Gas gained

1.22% and 0.86%, respectively. The biggest loser was S&P BSE Fast Moving

Consumer Goods, down 0.14%, followed by S&P BSE Bankex and S&P BSE

Utilities, down 0.04% each.

• Data from Reserve Bank of India showed that India’s current account

deficit (CAD) narrowed to $ 16.9 billion (2.5% of GDP) in Q3FY19 from $

19.1 billion (2.9% of GDP) in the previous quarter. However, CAD widened

from $ 13.7 billion (2.1% of GDP) in the same period of the previous year.

CAD widened on a yearly basis as trade deficit widened to $ 49.5 billion

from $ 44.0 billion in the same period of the previous year. For the period

from Apr to Dec of 2018, CAD widened to 2.6% of GDP from 1.8% in the

corresponding period of the previous year as trade deficit widened to $

145.3 billion in Apr to Dec of 2018 from $ 118.4 billion in the same period

of the previous year.

• Government data showed that India’s fiscal deficit for the period from

Apr 2018 to Feb 2019 stood at Rs. 8.51 lakh crore or 134.2% of the budget

estimate compared to 120.3% of the budget estimate in the

corresponding period of the previous year. The revenue deficit in the

same period stood at Rs. 6.50 lakh crore or 157.8% of the budget estimate

compared to 119.3% of the budget estimate in the corresponding period

of the previous year. Total expenditure for the period from Apr 2018 to

Feb 2019 stood at Rs. 21.89 lakh crore or 89.1% of the budget estimate

compared to 90.1% of the budget estimate in the corresponding period of

the previous year. Total revenue for the period from Apr 2018 to Feb 2019

stood at Rs. 13.37 lakh crore or 73.4% of the budget estimate compared to

79.1% of the budget estimate in the corresponding period of the previous

year.

• The National Company Law Appellate Tribunal asked the newly-

appointed board of debt-ridden IL&FS to submit details of the group's

dues. A two-member bench headed by Chairman Justice S J

Mukhopadhaya also clarified that there was no stay on the government to

proceed with the resolution plan for IL&FS companies.

• Taxi hailing app Ola has expanded its service footprint in United

Kingdom (U.K.) to three more cities -- Liverpool, Reading, and Birmingham.

Now they have presence across 7 large metropolitans in the UK.

• According to a media report, troubled Jet Airways India Ltd. missed a

$109 million loan repayment due to HSBC Bank no Mar 28, 2019.

• Asian equity markets mostly gained as investors pinned hopes on

developments in U.S.-China trade talks. U.S. delegation arrived in Beijing

on Mar 28, 2019, for the latest round of talks and Chinese Vice Premier

could travel to Washington next week. Any final deal could occur at a

proposed summit between the Chinese and U.S. President.Today (as of Apr

1), Asian markets opened on a positive note as factory activity in China

surprisingly surged in Mar 2019. Nikkei and Hangseng grew 1.88% and

1.55%, respectively (as at 8.a.m. IST).

• As per the last close, European markets closed higher following reports

that the British Prime Minister lost another crucial Brexit vote and the

Brexit deal got rejected again. Reports showing growth in Germany’s retail

sales and employment in Feb 2019 boosted market sentiment.

• As per the last close, U.S markets closed higher amid optimism over the

ongoing trade talks between the U.S. and China. Strength in computer

hardware, and steel stocks boosted the indices. Reports showing strong

new home sales in Feb 2019 also boosted market sentiment.

Markets for You

FII Derivative Trade Statistics 29-Mar

(Rs Cr) Buy

Sell Open Int.

Index Futures 8832.42 7323.88 29684.48

Index Options 331342.70 333546.75 92879.32

Stock Futures 29992.45 29701.39 101439.98

Stock Options 7513.06 7670.39 9220.00

Total 377680.63 378242.41 233223.78

29-Mar Prev_Day

Change

Put Call Ratio (OI) 1.49 1.96 -0.47

Indian Debt Market

Put Call Ratio(Vol) 0.93 1.04 -0.11

29-Mar Wk. Ago Mth. Ago

Year Ago

Call Rate 8.49% 6.19% 6.19% 7.57%

T-Repo 6.65% 6.14% 6.21% NA

Repo 6.25% 6.25% 6.25% 6.00%

Reverse Repo 6.00% 6.00% 6.00% 5.75%

91 Day T-Bill 6.05% 6.25% 6.39% 6.09%

364 Day T-Bill 6.28% 6.38% 6.55% 6.40%

10 Year Gilt 7.35% 7.34% 7.41% 7.40%

G-Sec Vol. (Rs.Cr) 26833 38231 28598 37511

Currency Market Update

FBIL MIBOR* 6.28% 6.25% 6.35% 9.39%

3 Month CP Rate 7.55% 7.50% 7.80% 7.40%

5 Year Corp Bond 8.36% 8.40% 8.33% 8.03%

1 Month CD Rate 7.81% 8.00% 7.19% 7.23%

3 Month CD Rate 7.21% 7.36% 7.40% 6.98%

1 Year CD Rate 7.34% 7.73% 7.95% 7.33%

Commodity Market Update

Currency 29-Mar Prev_Day

Change

USD/INR 69.17 69.00 0.17

GBP/INR 90.48 91.03 -0.55

EURO/INR 77.70 77.69 0.02

International News

JPY/INR 0.63 0.63 0.00

Commodity 29-Mar Wk Ago Mth. Ago

Year Ago

NYMEX Crude($/bl) 60.14 58.82 57.16 64.29

Brent Crude($/bl) 68.52 66.73 64.47 67.37

Gold( $/oz) 1292 1313 1313 1325

Gold(Rs./10 gm) 31601 32007 33250 30630

Source: Thomson Reuters Eikon

*As on March 28, 2019

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

01 April 2019

The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have been obtained from independent third

party sources and which are deemed to be reliable. The information provided cannot be considered as guidelines, recommendations or as a professional guide for the readers. It may be noted that since

Reliance Nippon Life Asset Management Company Limited (RNLAM) (formerly Reliance Capital Asset Management Limited) has not independently verified the accuracy or authenticity of such information

or data, or for that matter the reasonableness of the assumptions upon which such data and information has been processed or arrive data; RNLAM does not in any manner assures the accuracy or

authenticity of such data and information. Some of the statements & assertions contained in these materials may reflect RNLAM’s views or opinions, which in turn may have been formed on the basis of

such data or information. The Sponsor(s), the Investment Manager, the Trustee or any of their respective directors, employees, affiliates or representatives do not assume any responsibility for, or warrant

the accuracy, completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon the information provided herein, due care has been taken to ensure that

the facts are accurate and opinions given are fair and reasonable, to the extent possible. This information is not intended to be an offer or solicitation for the purchase or sale of any financial product or

instrument. Recipients of this information should rely on information/data arising out of their own investigations. Before making any investments, the readers are advised to seek independent

professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor(s), the Investment Manager, the Trustee, their respective directors, employees, affiliates

or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the information

contained in this material.

Readers are requested to click here for ICRON disclaimer - http://www.icraonline.com/legal/standard-disclaimer.html

Derivative Statistics- Nifty Options

Disclaimer:

Derivatives Market

Debt Watch

Currency Market

Commodity Prices

• Nifty Apr 2019 Futures were at 11,679.90, a premium of 56.00 points,

above the spot closing of 11,623.90. The turnover on NSE’s Futures and

Options segment declined to Rs. 4,97,595.29 crore on Mar 29, 2019,

compared with Rs. 22,75,906.54 crore on Mar 28, 2019.

• The Put-Call ratio stood at 0.96 compared with the previous session’s

close of 0.81.

• The Nifty Put-Call ratio stood at 1.49 compared with the previous

session’s close of 1.96.

• Open interest on Nifty Futures stood at 17.84 million as against the

previous session’s close at 27.15 million.

• Bond yields rose as market participants remained on the side-lines and

awaited the borrowing schedule of the government for the period from

Apr to Sep of 2019.

• Yield on the new 10-year benchmark paper (7.26% GS 2029) rose 3 bps

to close at 7.35% compared with the previous session’s close of 7.32%

after trading in the range of 7.31% to 7.35%.

• Yield on the old 10-year benchmark paper (7.17% GS 2028) rose 2 bps

to 7.49% as compared with the previous session’s close of 7.47% after

trading in the range of 7.45% to 7.50%.

• Banks’ borrowings under the repo window of the Liquidity Adjustment

Facility (LAF) stood at Rs. 14,685 crore (gross) on Mar 29, 2019, compared

with Rs. 6,461 crore (gross) as on Mar 28, 2019. Sale of securities under

Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 46,984

crore on Mar 28, 2019.

• The Indian rupee rose against the U.S. dollar following gains in the

domestic equity market. The rupee closed at 69.15 a dollar, up 0.27%

compared with the previous close of 69.34.

• The euro rose against the U.S. dollar as downbeat U.S. consumer

spending data for Jan 2019 kept the greenback under pressure. The euro

was last seen trading at 1.1231, up 0.10% a dollar compared with the

previous close of 1.1220.

• Gold prices rose against the greenback, supported by the release of

weak U.S. GDP data.

• Brent Crude prices saw a steep surge, supported by supply cuts by OPEC

and its allies.

• A report from the National Association of Realtors showed that U.S.

pending home sales index fell 1% to 101.9 in Feb 2019 as against an

increase of 4.3% to a downwardly revised reading of 102.9 in Jan 2019.

Meanwhile, pending home sales were down by 4.9% YoY in Feb 2019,

thereby marking the fourteenth consecutive month of annual decline.

• A report from the Commerce Department showed that personal income

in U.S. rose 0.2% in Feb 2019 as against a fall of 0.1% in Jan 2019. Surge in

wages and salaries, government social benefits, and proprietors' income

were partially offset by a decline in personal interest income. Disposable

personal income also rose 0.2% in Feb as against a fall of 0.2% in Jan.

Markets for You

Thank you for

your time.