08 Apr 2019
Global Indices
Global Indices 05-Apr Prev_Day Abs. Change
% Change
Dow Jones 26,425 26,385 40 0.15
Nasdaq 7,939 7,892 47 0.59
FTSE 7,447 7,402 45 0.61
Nikkei 21,808 21,725 83 0.38
Hang Seng Closed 29,936 NA NA
Indian Indices 05-Apr Prev_Day Abs. Change
% Change
S&P BSE Sensex 38,862 38,685 178 0.46
Nifty 50 11,666 11,598 68 0.59
Nifty 100 11,820 11,754 67 0.57
Nifty Bank 30,085 29,905 180 0.60
SGX Nifty 11,780 11,687 93 0.80
S&P BSE Power 2,022 2,029 -7 -0.35
S&P BSE Small Cap 15,046 14,938 108 0.72
S&P BSE HC 14,331 14,320 11 0.08
Date P/E Div. Yield P/E Div. Yield
5-Apr 27.99 1.14 29.12 1.13
Month Ago 26.85 1.17 26.93 1.23
Year Ago 23.23 1.15 25.63 1.24
Nifty 50 Top 3 Gainers
Company 05-Apr Prev_Day
% Change
Tata Steel 549 531 3.51
Ultratech Cem 4190 4080 2.71
Bajaj Finance 3114 3039 2.46
Nifty 50 Top 3 Losers Domestic News
Company 05-Apr Prev_Day
% Change
Power Grid 196 199 -1.53
SBI 317 322 -1.48
Zee Ente. 412 417 -1.39
Advance Decline Ratio
Advances 1511 1148
Declines 1072 641
Unchanged 155 121
Institutional Flows (Equity)
Description (Cr)
FII Flows* 55927
MF Flows** 2339
Apr 2019; **4
Apr 2019
Economic Indicator
YoY(%) Current Year Ago
08 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
Quarter Ago
Indian equity markets gained towards the close of the day’s session.
Throughout the day, the markets were range bound. Investors have
become optimistic over a potential U.S.-China trade deal.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.46% and
0.59% to close at 38,862.23 and 11,665.95, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap gained 0.63% and 0.72%, respectively.
The overall market breadth on BSE was strong with 1,511 scrips
advancing and 1,072 scrips declining. A total of 156 scrips remained
On the BSE sectoral front, S&P BSE Metal was the major gainer, up
2.03%, followed by S&P BSE Basic Materials and S&P BSE Realty, up 1.56%
and 1.35%, respectively. The biggest loser was S&P BSE Power, down
0.35%, followed by S&P BSE Utilities and S&P BSE Fast Moving Consumer
Goods, down 0.19% and 0.13%, respectively.
The Reserve Bank of India (RBI) has tweaked mandatory bond holding
requirements. At the first bi-monthly policy meeting for FY20, RBI
announced that at least 2% of bond holdings could be used for mandatory
liquidity coverage ratio (LCR). The central bank has allowed the banks to
reckon an additional 2% of government securities within the mandatory
statutory liquidity ratio (SLR) requirement as the Facility to Avail Liquidity
for Liquidity Coverage Ratio (FALLCR) for the purpose of computing LCR.
This would be implemented in a phased manner between Apr 2019 to Apr
2020. The move is expected to make available resources for banks to meet
the rising loan demand and would lead to availability of more than Rs. 2
lakh crore.
A turnaround time framework, proposed by RBI, is expected to be put in
place by the end of Jun 2019 to resolve customer complaints without
much delays. Also, RBI would bring in a compensation framework across
authorised payment systems by Jun. The central bank stated that
authorised payment systems have been directed to put in place an
appropriate customer grievance redressal mechanism. Additionally, in
case of some payment systems, guidelines have been issued, thereby
prescribing compensation to be paid to customers for delay in resolving
failed transactions.
The Reserve Bank of India has proposed new rules for securitisation of
mortgages and to improve their marketability. This is expected to make it
easy for home financiers and para banks to access cash, thereby adding
momentum to India’s corporate loans market. Also, it would aid in
availability of additional liquidity to non-banking finance companies
(NBFC) that have a substantial share in overall credit disbursement.
A major credit rating agency has kept India’s sovereign rating unchanged
at ‘BBB- with a stable outlook. This marked the 13th year when the global
rating agency has kept India at 'BBB-'. As per the rating agency, India's
ratings balance a strong medium-term growth outlook and relative
external resilience driven by from strong foreign reserve buffers as against
high public debt and weak financial sector.
Asian equity markets ended mixed after the U.S. President said there are
chances for an "epic" trade deal with China. He didn’t announce a date
and place for a summit with Chinese President. Media reports stated that
the Chinese Vice Premier has said a new consensus has been reached
between the two nations on the text of a trade agreement. Also, investors
looked forward to the release of U.S. jobs report scheduled later in the
day. Today (as of Apr 8), Asian markets opened almost on a higher note
following strong U.S. jobs data for Mar 2019 and reports of progress in
trade negotiations between U.S. and China. Nikkei and Hangseng grew
0.04% and 0.63%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed on a positive note driven
by upbeat U.S. jobs data for Mar 2019 and optimism about trade
discussions between U.S. and China. However, concerns about eurozone
economy restricted the gains.
As per the last close, U.S markets closed higher following strong U.S. job
growth data in Mar 2019. Reports of progress in U.S. and China trade
discussion boosted market sentiment.
Markets for You
FII Derivative Trade Statistics 05-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 3061.78 2989.07 17645.22
Index Options 328247.81 327150.56 61981.48
Stock Futures 12077.86 12245.33 90460.52
Stock Options 5963.40 6011.31 5957.42
Total 349350.85 348396.27 176044.64
05-Apr Prev_Day
Put Call Ratio (OI) 1.61 1.21 0.40
Indian Debt Market
Put Call Ratio(Vol) 0.95 0.86 0.09
05-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 5.98% 8.49% 6.15% 5.91%
T-Repo 5.77% 6.65% 6.10% NA
Repo 6.25% 6.25% 6.25% 6.00%
Reverse Repo 6.00% 6.00% 6.00% 5.75%
91 Day T-Bill 6.18% 6.05% 6.30% 6.09%
364 Day T-Bill 6.30% 6.28% 6.40% 6.42%
10 Year Gilt 7.35% 7.35% 7.38% 7.13%
G-Sec Vol. (Rs.Cr) 39093 26833 23359 77712
Currency Market Update
FBIL MIBOR 6.04% 6.28% 6.30% 6.00%
3 Month CP Rate 6.80% 7.55% 7.80% 6.80%
5 Year Corp Bond 8.33% 8.36% 8.45% 7.82%
1 Month CD Rate 6.54% 7.81% 6.51% 6.21%
3 Month CD Rate 6.65% 7.21% 7.36% 6.67%
1 Year CD Rate 7.11% 7.34% 7.68% 7.21%
Commodity Market Update
Currency 05-Apr Prev_Day
USD/INR 69.20 68.84 0.35
GBP/INR 90.64 90.77 -0.13
EURO/INR 77.73 77.39 0.34
International News
JPY/INR 0.62 0.62 0.00
Commodity 05-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 63.05 60.14 56.50 63.52
Brent Crude($/bl) 70.52 68.52 63.68 65.18
Gold( $/oz) 1291 1292 1287 1326
Gold(Rs./10 gm) 31615 31601 32138 30491
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
08 April 2019
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Apr 2019 Futures were at 11,760.75, a premium of 94.80 points,
above the spot closing of 11,665.95. The turnover on NSE’s Futures and
Options segment dropped to Rs. 6,23,820.25 crore on Apr 5, 2019,
compared with Rs. 22,38,702.35 crore on Apr 4, 2019.
The Put-Call ratio stood at 0.96 compared with the previous session’s
close of 0.73.
The Nifty Put-Call ratio stood at 1.61 compared with the previous
session’s close of 1.21.
Open interest on Nifty Futures stood at 17.21 million as against the
previous session’s close at 16.77 million.
Bond yields stood nearly steady despite a 25 bps policy rate cut by the
Monetary Policy Committee as the rate-setting panel took a neutral
stance. Market participants are now looking for some clarity on plans for
future monetary easing.
Yield on the new 10-year benchmark paper (7.26% GS 2029) remained
unchanged at 7.35% compared with the previous session’s close after
trading in a range of 7.31% to 7.36%.
Yield on the old 10-year benchmark paper (7.17% GS 2028) remained
unchanged at 7.51% as compared with the previous session’s close after
trading in a range of 7.46% to 7.53%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,471 crore (gross) on Apr 5, 2019, compared
with Rs. 4,026 crore (gross) as on Apr 4, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 39,019
crore on Apr 4, 2019.
The India rupee declined against the greenback on account of dollar
demand from importers. The rupee settled at 69.22 a dollar, down 0.09%
compared with the previous close of 69.16.
The euro rose marginally with the release of German industrial output
data that surged for Feb 2019, supported by higher construction activity.
The euro was last seen trading at 1.1226 a dollar, marginally up 0.05%
compared with the previous close of 1.1220.
Gold prices were flat to marginally lower following reports suggesting
significant development in the U.S.-China trade deal.
Brent crude prices lowered on global growth worries, however the
downside was limited by reports revealing significant development in
Sino-U.S. trade deal.
According to the Federal Statistical Office, preliminary figures showed
industrial production increased 0.7% (seasonally and calendar adjusted),
lower than forecast but better than Jan 2019 that was unchanged (decline
0.8% originally reported). Rise was driven by a surge in construction,
while manufacturing output dropped.
As per the Ministry of Internal Affairs and Communications, average of
household spending in Japan rose 1.7% YoY to 271,232 yen in Feb 2019,
which was lower than market forecast and 2.0% increase in Jan 2019. The
average of monthly income per household rose 0.1% YoY to 526,271 yen.
Thank you for
your time.