Mutual Fund News of 2nd April 2019 - Relaince Mutual Fund

02 Apr 2019

Markets for You

Global Indices

Global Indices 01-Apr Prev_Day Abs. Change

% Change

Dow Jones 26,258 25,929 330 1.27

Nasdaq 7,829 7,729 100 1.29

FTSE 7,317 7,279 38 0.52

Nikkei 21,509 21,206 303 1.43

Hang Seng 29,562 29,051 511 1.76

Indian Indices 01-Apr Prev_Day Abs. Change

% Change

S&P BSE Sensex 38,872 38,673 199 0.51

Nifty 50 11,669 11,624 45 0.39

Nifty 100 11,833 11,789 43 0.37

Nifty Bank 30,327 30,427 -100 -0.33

SGX Nifty 11,746 11,699 47 0.40

S&P BSE Power 2,032 2,034 -3 -0.14

S&P BSE Small Cap 15,144 15,027 117 0.78

S&P BSE HC 14,455 14,408 47 0.32

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

1-Apr 28.21 1.12 29.13 1.13

Month Ago 26.53 1.19 26.49 1.24

Year Ago 22.66 1.18 24.66 1.29

Nifty 50 Top 3 Gainers

Company 01-Apr Prev_Day

% Change

Tata Motors 187 174 7.52

Hindalco 216 206 5.06

Lupin 766 740 3.60

Nifty 50 Top 3 Losers Domestic News

Company 01-Apr Prev_Day

% Change

Zee Ente. 432 446 -3.10

United Phos 934 959 -2.56

Indian Oil 159 163 -2.55

Advance Decline Ratio

BSE NSE

Advances 1690 1303

Declines 913 557

Unchanged 172 87

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)

02 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 and touched record high during the day.

Investors are hoping for a repo rate cut by the Monetary Policy Committee

at its policy review meet during the week. Positive global cues following

U.S.-China making progress in their trade talks lifted markets.

• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.51% and

0.39% to close at 38,871.87 and 11,669.15, respectively. S&P BSE Mid-Cap

and S&P BSE Small Cap gained 0.52% and 0.78%, respectively.

• The overall market breadth on BSE was strong with 1,690 scrips

advancing and 913 scrips declining. A total of 172 scrips remained

unchanged.

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

by S&P BSE Information Technology and S&P BSE Industrials. The biggest

loser was S&P BSE Realty, followed by S&P BSE Consumer Durables and

S&P BSE Bankex, down 0.63% and 0.25%, respectively.

• Government data showed that eight core sectors grew 2.1% in Feb 2019

as against downwardly revised growth of 1.5% (1.8% growth originally

reported) in the previous month and 5.4% in the same month of the

previous year. The upside on month on month basis reflects growth in coal

sector of 7.3% as against growth of 1.7% in Jan 2019. Meanwhile,

contraction in growth slowed in refinery products sector from -2.6% in Jan

2019 to -0.8% in Feb 2019. Maximum growth of 8% was witnessed in

cement sector. However, growth in crude oil remained in contractionary

mode and fell 6.1%.

• Goods and Services Tax (GST) collections touched Rs. 11.77 lakh crore in

FY19, thereby exceeding the revised budget estimates. There was record

realisation of Rs. 1.06 lakh crore alone in Mar 2019. Monthly return filing

was highest in Mar 2019 since the GST rollout on Jul 1, 2017 that indicated

improved compliance.

• According to media reports, India has levied anti-dumping duty in the

range of $537-$1,559 per tonne on imports of a certain type of sheet used

in solar cell making from China, Malaysia, Saudi Arabia and Thailand. The

duty imposed shall be effective for a period of five years. The

announcement comes to protect domestic players against cheap

shipments.

• According to media reports, direct tax collections have fallen short by Rs.

50,000 crore due to poor personal income tax collections. As per the

reports, the target of personal income tax of Rs. 5.29 lakh crore was not

met and fell short of almost the same amount of Rs. 50,000 crore. This,

therefore, means the revised target of Rs. 12 lakh crore for FY19 will also

not be met. Meanwhile, corporate tax target of Rs. 6.71 lakh crore was

almost met with minor deviations.

• According to media reports, the government has brought in a new Indian

accounting standard 116 (Ind AS 116) that sets out the principles for

recognition, presentation and disclosure of leases. This accounting

standard is expected to bring in more transparency in recognition and

disclosures about leases in balance sheets of the companies. Additionally,

it is expected to have a substantial effect on various industries, including

aviation as airlines mostly operate planes on lease.

• Asian equity markets gained as investors welcomed signs of progress in

U.S.-China trade talks and upbeat manufacturing data from China. Beijing

said it would continue to suspend extra tariffs on U.S. vehicles and auto

parts beyond Apr 1 since Washington has delayed tariff hikes on Chinese

imports. A delegation led by Vice Premier will be in Washington in the

week for another round of talks. Today (as of Apr 2), Asian markets

opened on a positive note following gains in Wall Street in the last session

as worries over a possible global economic slowdown eased. Nikkei and

Hangseng grew 0.47% and 0.41%, respectively (as at 8.a.m. IST).

• As per the last close, European markets closed higher on U.S. and

China’s upbeat manufacturing data for Mar 2019. Further, continued

optimism over trade discussions between U.S. and China boosted the

indices.

• As per the last close, U.S markets closed higher due to continued

optimism about trade discussion between U.S. and China. Strong

manufacturing data for U.S. and China for Mar 2019 boosted market

sentiment.

Markets for You

FII Derivative Trade Statistics 01-Apr

(Rs Cr) Buy

Sell Open Int.

Index Futures 10175.92 8360.93 17750.83

Index Options 311654.97 308573.14 56560.87

Stock Futures 26539.47 25169.42 87964.63

Stock Options 4117.04 3903.55 2262.78

Total 352487.40 346007.04 164539.11

01-Apr Prev_Day

Change

Put Call Ratio (OI) 1.49 1.48 0.01

Indian Debt Market

Put Call Ratio(Vol) 0.93 0.93 0.00

29-Mar Wk. Ago Mth. Ago

Year Ago

Call Rate Closed 6.19% 6.20% 7.57%

T-Repo Closed 6.18% 6.20% NA

Repo Closed 6.25% 6.25% 6.00%

Reverse Repo Closed 6.00% 6.00% 5.75%

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

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

10 Year Gilt Closed 7.32% 7.38% 7.40%

G-Sec Vol. (Rs.Cr) Closed 38231 32544 37511

Currency Market Update

FBIL MIBOR Closed 6.25% 6.35% 9.39%

3 Month CP Rate Closed 7.50% 7.80% 7.40%

5 Year Corp Bond Closed 8.41% 8.32% 8.04%

1 Month CD Rate Closed 8.10% 6.96% 7.23%

3 Month CD Rate Closed 7.19% 7.30% 6.98%

1 Year CD Rate Closed 7.68% 7.69% 7.33%

Commodity Market Update

Currency 29-Mar Prev_Day

Change

USD/INR Closed 69.17 N.A.

GBP/INR Closed 90.48 N.A.

EURO/INR Closed 77.70 N.A.

International News

JPY/INR Closed 0.63 N.A.

Commodity 01-Apr Wk Ago Mth. Ago

Year Ago

NYMEX Crude($/bl) 61.54 58.66 55.71 64.86

Brent Crude($/bl) 69.67 67.86 63.15 68.21

Gold( $/oz) 1287 1322 1293 1324

Gold(Rs./10 gm) 31643 32054 32819 30630

Source: Thomson Reuters Eikon

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

02 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 11,748.40, a premium of 79.25 points,

above the spot closing of 11,669.15. The turnover on NSE’s Futures and

Options segment went up to Rs. 6,43,893.84 crore on Apr 1, 2019,

compared with Rs. 4,97,595.29 crore on Mar 29, 2019.

• The Put-Call ratio stood at 0.95 compared with the previous session’s

close of 0.96.

• The Nifty Put-Call ratio stood at 1.48 compared with the previous

session’s close of 1.49.

• Open interest on Nifty Futures stood at 17.01 million as against the

previous session’s close at 17.84 million.

• The domestic debt market remained closed on account of Annual Bank

Closing.

• The domestic currency market remained closed on account of Annual

Bank Closing.

• The euro inched up against the greenback after retail sales in U.S. fell in

Feb 2019 which weakened the later. However, concerns of a slowing U.S.

economy provided some safe-haven support to the U.S. dollar. The euro

was last seen trading at 1.1219 a dollar, marginally up 0.02% compared

with the previous close of 1.1217.

• Gold prices went down as investors’ appetite for riskier assets improved

with constructive advancement in Sino-U.S. trade talks.

• Brent crude prices firmed, supported by OPEC-led supply cuts to tighten

the oil market and progress in the U.S.-China trade talks.

• A Commerce Department report showed a much bigger than expected

increase in U.S. new home sales in Feb 2019 as well as substantial

revisions to the previous data. The Commerce Department said new

home sales surged up by 4.9% to an annual rate of 667,000 in Feb 2019

from the revised Jan 2019 rate of 636,000.

• Bank of England figures showed U.K. mortgage approvals for house

purchase fell in Feb 2019 and came in below expectations. The number of

loan approvals for house purchase dropped to 64,337 from 66,696 in Jan

2019. Re-mortgaging approvals also fell in Feb 2019, down to 47,673 from

50,132.

Markets for You

Thank you for

your time.