Mutual Fund News of 9th April 2018 – Reliance Mutual Fund

09 Apr 2018

Markets for You

Global Indices

Global Indices 06-Apr Prev_Day Abs. Change

% Change

Dow Jones 23,933 24,505 -572 -2.34

Nasdaq 6,915 7,077 -161 -2.28

FTSE 7,184 7,200 -16 -0.22

Nikkei 21,568 21,645 -78 -0.36

Hang Seng 29,845 Closed NA NA

Indian Indices 06-Apr Prev_Day Abs. Change

% Change

S&P BSE Sensex 33,627 33,597 30 0.09

Nifty 50 10,332 10,325 6 0.06

Nifty 100 10,750 10,726 24 0.22

Nifty Bank 24,873 24,760 113 0.46

SGX Nifty 10,330 10,384 -54 -0.52

S&P BSE Power 2,193 2,186 8 0.35

S&P BSE Small Cap 17,883 17,775 108 0.61

S&P BSE HC 13,686 13,558 128 0.94

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

6-Apr 23.24 1.15 25.65 1.24

Month Ago 23.06 1.18 25.02 1.21

Year Ago 22.91 1.34 23.48 1.24

Nifty 50 Top 3 Gainers

Company 06-Apr Prev_Day

% Change

Aurobindo Pharma 619 599 3.38

Lupin 809 787 2.84

BPCL 434 422 2.72

Nifty 50 Top 3 Losers Domestic News

Company 06-Apr Prev_Day

% Change

Bharti Airtel 385 394 -2.27

Infosys 1127 1148 -1.79

Vedanta 285 290 -1.67

Advance Decline Ratio

BSE NSE

Advances 1637 1099

Declines 1060 699

Unchanged 116 70

Institutional Flows (Equity)

Description (Cr)

YTD

FII Flows* 14493

MF Flows** 35209

Apr 2018; **3

Apr 2018

Economic Indicator

YoY(%) Current Year Ago

WPI

2.48%

(Feb-18)

5.51%

(Feb-17)

IIP

7.50%

(Jan-18)

3.00%

(Jan-17)

GDP

7.20%

(Dec-17)

6.80%

(Dec-16)

09 April 2018

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

1.80%

(Oct-17)

6.50%

(Sep-17)

Quarter Ago

Inflow/Outflow

536

4.02%

(Nov-17)

• Indian equity markets closed marginally higher amid continued positive

impact of monetary policy wherein the Reserve Bank of India lowered

inflation expectations for fourth quarter of FY18 and first and second

halves of FY19. However, gains were restricted on escalated fears of a

trade war after the U.S. President proposed more tariff on China and

instructed the trade officials to consider $100 billion in additional tariff

on China. Meanwhile, investors preferred to remain on the sidelines

ahead of key Indian economic data in the coming week.

• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.09% and

0.06%, respectively to close at 33,626.97 and 10,331.60. S&P BSE Mid-

Cap and S&P BSE Small-Cap grew 0.65% and 0.61%.

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

0.94%, followed by S&P BSE Oil & Gas that grew 0.83%. S&P BSE

Consumer Durables grew 0.62% and S&P BSE Finance and S&P BSE

Bankex grew 0.59% each. Among the losers, S&P BSE Telecom was the

major loser down 1.29% followed by S&P BSE Teck that fell 0.7%. S&P

BSE Capital Goods and S&P BSE Information Technology fell 0.52% and

0.51% respectively.

• The Reserve Bank of India (RBI) has deferred implementation of two

key regulatory policies. Due to lack of preparedness by some banks, it

deferred the execution of the Indian Accounting Standards (Ind AS) by

one-year. Requirements related to countercyclical buffer provisioning

have also been currently postponed. Ind AS is a global accounting

practice mandated for lenders and it may lead to initial credit losses. RBI

has asked banks to submit half yearly balance sheets based on the Ind AS

formats, to improve readiness..

• The Reserve Bank of India (RBI) announced that going forward all

payment system operators in India will be required to store data within

India to ensure safety and security of users' information. The operators

shall get six months to comply to this requirement.

• Securities and Exchange Board of India (SEBI) in consultation with RBI

has brought a new system to monitor foreign investment limits in listed

Indian companies. Effective May 1, 2018, to be housed at the

depositories, the tool would help the companies to monitor the various

foreign investment limits.

• The government has set up an e-commerce think tank with

participation of the ministry of finance, home affairs, corporate affairs,

electronics and information technology and industry giants in the

telecom, IT and ecommerce space. It will work towards encouraging

Indian ecommerce players, resolve their queries and devise a policy to

respond to doubts raised by other countries on India’s stance on cross-

border digital trade.

• Reliance Communications has received allowance from the Supreme

Court to sell most of its assets to Reliance Jio Infocomm to pare its debt

of around Rs. 45,000 crore. The company has also received separate

approval from the NCLAT for selling tower and fibre.

• AkzoNobel India has received approval from its Board of Directors to

buyback around 1.1 million shares for Rs. 2.35 billion.

• Hindustan Oil Exploration Company (HOEC) has acquired entire share

capital of Geopetrol International and has become the largest private

sector oil and gas player in North East.

Markets for You

• Asian markets witnessed a mixed trend ahead of the U.S. Labour

Department’s monthly jobs report, scheduled post market hours.

Escalating tensions over trade war kept investors wary. However, markets

found some support from the final reading of a private survey showing

that Hong Kong's private sector continued to expand in Mar 2018, though

at a slower rate. Today (As of Apr 9), Asian markets opened mixed. Soft

lead from the Wall Street’s last session weighed on the market sentiment.

However, gains in technology and financial stocks boosted the indices.

While Hang seng grew 0.55%, Nikkei fell 0.06% (as at 8.a.m. IST).

• As per the last close, European markets ended lower as intensified

trade war concerns between U.S. and China and weaker than expected

U.S. jobs data for Mar 2018 weighed on the market sentiment.

• As per the last close, U.S markets ended almost lower amid trade war

concerns that renewed after U.S. President threatened to impose $100

billion of additional tariffs on Chinese imports. Also, weak U.S. jobs data

for Mar 2018 further added to the losses.

FII Derivative Trade Statistics 06-Apr

(Rs Cr) Buy

Sell Open Int.

Index Futures 3313.75 2118.98 15735.00

Index Options 97047.22 93365.32 58840.36

Stock Futures 9920.44 8541.77 76485.11

Stock Options 4948.18 5119.17 3614.52

Total 115229.59 109145.24 154674.99

06-Apr Prev_Day

Change

Put Call Ratio (OI) 1.45 1.42 0.03

Indian Debt Market

Put Call Ratio(Vol) 1.19 1.08 0.11

06-Apr Wk. Ago Mth. Ago

Year Ago

Call Rate 5.89% 7.57% 5.87% 5.86%

CBLO 5.79% 6.24% 5.75% 5.68%

Repo 6.00% 6.00% 6.00% 6.25%

Reverse Repo 5.75% 5.75% 5.75% 6.00%

91 Day T-Bill 6.08% 6.09% 6.28% 5.60%

364 Day T-Bill 6.45% 6.40% 6.63% 6.13%

10 Year Gilt 7.17% 7.40% 7.77% 6.77%

G-Sec Vol. (Rs.Cr) 55428 37511 18140 39636

Currency Market Update

1 Month CP Rate NA NA 7.85% 6.46%

3 Month CP Rate 6.85% 7.40% 7.93% 6.70%

5 Year Corp Bond 7.89% 8.04% 8.15% 7.47%

1 Month CD Rate 6.11% 7.23% 7.23% 6.12%

3 Month CD Rate 6.66% 6.98% 7.24% 6.29%

1 Year CD Rate 7.12% 7.33% 7.56% 6.63%

Commodity Market Update

Currency 06-Apr Prev_Day

Change

USD/INR 64.99 65.06 -0.07

GBP/INR 90.96 91.50 -0.54

EURO/INR 79.51 79.78 -0.26

International News

JPY/INR 0.61 0.61 0.00

Commodity 06-Apr Wk Ago Mth. Ago

Year Ago

NYMEX Crude($/bl) 62.02 64.86 62.53 51.64

Brent Crude($/bl) 65.70 68.21 66.46 53.76

Gold( $/oz) 1333 1324 1334 1251

Gold(Rs./10 gm) 30396 30630 30438 28796

Source: Thomson Reuters Eikon

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

09 April 2018

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.

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Derivative Statistics- Nifty Options

Disclaimer:

Derivatives Market

Debt Watch

Currency Market

Commodity Prices

• Nifty Apr 2018 Futures were at 10352.85 points, a premium of 21.25

points, over the spot closing of 10,331.60. The turnover on NSE’s

Futures and Options segment went down from Rs. 12,70,693.49 crore

on Apr 5 to Rs. 4,65,313.10 crore on Apr 6.

• The Put-Call ratio, stood at 0.91 against previous session’s close of

0.81.

• The Nifty Put-Call ratio stood at 1.45 against the previous session’s

close of 1.42.

• Open interest on Nifty Futures stood at 23.58 million as against the

previous session’s close of 22.96 million.

• Bond yields rose after the Indian state governments planned to sell

debt worth Rs. 1.16 to Rs. 1.28 lakh crore in Apr-Jun 2018 as against Rs.

65,000 crore sold during the same quarter last fiscal.

• Yield on the 10-year benchmark paper (7.17% GS 2028) rose 4 bps to

close at 7.17% from the previous close of 7.13%. During the session,

bond yields traded in the range of 7.13% and 7.18%.

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

Facility (LAF) stood at Rs. 3,685 crore (gross) on Apr 6 compared with Rs.

3,750 crore on Apr 5. Sale of securities under Reserve Bank of India’s

(RBI) reverse repo window stood at Rs. 51,039 crore on Apr 5.

• Banks did not borrow under the central bank’s Marginal Standing

Facility on Apr 5 compared with Rs. 800 crore borrowed on Apr 4.

• The rupee rose initially against the greenback following gains in the

domestic equity market. The rupee closed unchanged at Rs. 64.97.

• Euro rose against the greenback after the U.S. nonfarm payroll

employment for Mar 2018 came below market expectations and grew at

the slowest rate in the last six months. Euro was last seen trading at

$1.2274, up 0.29% compared with the previous close of $1.2238.

• Gold prices moved up as investors remained worried of a potential

trade war between China and the U.S.

• Brent crude prices inched up as the threat of sanctions against both

Iran and Venezuela have increased.

• According to the Labor Department, U.S. non-farm payroll

employment rose much less than expected by 103,000 jobs in Mar 2018

after jumping by an upwardly revised 326,000 jobs in Feb 2018. The less

than expected job growth came in as rise in employment in the

manufacturing, healthcare, and mining sectors were partly offset by job

losses in the construction and retail sectors. The unemployment rate

stood at 4.1% in Mar, unchanged from the five previous months.

Meanwhile, annual rate of growth in average hourly employee earnings

rose 2.7% in Mar from 2.6% in Feb.

• According to a report by the Commerce Department, U.S. trade deficit

widened more than expected to $57.6 billion in Feb 2018 from a revised

$56.7 billion in Jan 2018.

Markets for You

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