Global Indices
Global Indices 09-Apr Prev_Day Abs. Change
% Change
#
Dow Jones 26,151 26,341 -190 -0.72
Nasdaq 7,909 7,954 -45 -0.56
FTSE 7,426 7,452 -26 -0.35
Nikkei 21,803 21,762 41 0.19
Hang Seng 30,157 30,077 80 0.27
Indian Indices 09-Apr Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,939 38,701 239 0.62
Nifty 50 11,672 11,605 67 0.58
Nifty 100 11,826 11,760 66 0.56
Nifty Bank 30,114 29,845 269 0.90
SGX Nifty 11,741 11,688 53 0.45
S&P BSE Power 2,036 2,030 6 0.31
S&P BSE Small Cap 14,972 14,987 -15 -0.10
S&P BSE HC 14,372 14,273 98 0.69
Date P/E Div. Yield P/E Div. Yield
9-Apr 28.22 1.13 29.13 1.13
Month Ago 27.17 1.17 27.05 1.22
Year Ago 23.35 1.15 25.76 1.23
Nifty 50 Top 3 Gainers
Company 09-Apr Prev_Day
% Change
#
Yes Bank 271 260 4.06
Wipro 274 264 3.83
Tata Motors 206 201 2.67
Nifty 50 Top 3 Losers Domestic News
Company 09-Apr Prev_Day
% Change
#
Asian Paints 1445 1496 -3.44
Indiabulls HFC 832 859 -3.21
Bharti Airtel 352 355 -0.94
Advance Decline Ratio
BSE NSE
Advances 1142 800
Declines 1399 995
Unchanged 158 117
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 56718
MF Flows** 647
*9
th
Apr 2019; **5
th
Apr 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)
10 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)
7.00%
(Sep-18)
Quarter Ago
Inflow/Outflow
-465
121
3.38%
(Oct-18)
• According to the International Monetary Fund (IMF), the Indian
economy is projected to grow 7.3% in 2019 and 7.5% in 2020 on the back
of recovery in investment and robust consumption. The IMF further added
that continued execution of financial sector reforms and structural
reforms coupled with efforts of eliminating infrastructure bottlenecks and
lowering public debt will help improve the growth prospects of the Indian
economy. IMF also advocated for strengthening compliance to the goods
and services tax, lowering of subsidies and continued fiscal consolidation
to bring down India’s public debt which currently stands at elevated levels.
• According to media reports, the direct tax collection of the government
for FY19 is around Rs. 11.5 lakh crore. This implies that the government
might have witnessed a shortfall of Rs 50,000 crore in direct tax collection
as the target in direct tax collections for FY19 was Rs.12 lakh crore.
• According to media reports, the ministry of coal is planning to take
measures to provide assistance to private captive coal block operators.
The objective of the move is to help such private captive coal block
operators increase output as they have frequently failed to meet targets.
Their failure has put significant pressure on a major state run coal mining
company to meet the nation’s demand for coal. Some of the areas where
private captive coal block operators continue to suffer are delay in land
acquisition, various clearance issues as well as issues related to
rehabilitation and resettlement.
• According to media reports, the government has been able to meet the
fiscal deficit target of 3.4% for FY19. The government met the fiscal deficit
target for FY19 through lower spending by state governments and higher
amount of borrowings from small savings funds.
Markets for You
• Asian equity markets were mixed after the U.S. President said he would
impose tariffs on select European goods if the European Union gives
subsidy to a European aircraft maker. Investors were concerned over Brexit
uncertainty and doubted whether U.S.-China can reach any permanent
solution to their trade dispute. Today (as of Apr 10), Asian markets opened
on a lower note as International Monetary Fund (IMF) slashed its global
economic growth forecast for 2019. Nikkei and Hangseng fell 0.66% and
0.51%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed lower following reports
that U.S. is considering imposition of tariffs on European Union goods in
response to European aircraft subsidies. Reports that IMF has downgraded
global economic outlook for 2019 weighed on indices.
• As per the last close, U.S markets closed lower amid concerns about the
global economic outlook especially after the U.S. President threatened to
impose tariffs on European goods. Further, investors remained cautious
ahead of start of earnings season and release of reports on inflation this
week.
• Indian equity markets managed to end in the green though the session
was a volatile one. Global cues came in weak amid U.S. President’s threat
to impose tariffs on a few European goods. Banking and information
technology stocks helped lift the markets. Investors are awaiting earnings
announcements, which will start later in the week. A couple of big IT
companies will be the first to release the quarterly numbers.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.62% and
0.58%, respectively, to close at 38,939.22 and 11,671.95, respectively. S&P
BSE Mid-Cap gained 0.15%, while S&P BSE Small Cap lost 0.10%.
• The market breadth on BSE was weak with 1142 scrips advancing and
1399 scrips declining. A total of 158 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Realty was the major gainer, up 1.4%,
followed by S&P BSE Auto, up 1.21%, and S&P BSE Bankex, up 1.09%. S&P
BSE Metal and S&P BSE Healthcare gained 0.97% and 0.69%, respectively.
S&P BSE Fast Moving Consumer Goods and S&P BSE Finance gained 0.64%
and 0.63%, respectively.
FII Derivative Trade Statistics 09-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 2625.48 3490.46 18193.57
Index Options 154149.17 152975.44 67734.93
Stock Futures 10392.14 11431.49 90171.79
Stock Options 5866.75 5917.39 6476.69
Total 173033.54 173814.78 182576.98
09-Apr Prev_Day
Change
Put Call Ratio (OI) 1.47 1.38 0.09
Indian Debt Market
Put Call Ratio(Vol) 0.88 0.87 0.01
09-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 5.97% 6.19% 6.15% 5.91%
T-Repo 5.95% 6.22% 6.20% NA
Repo 6.00% 6.25% 6.25% 6.00%
Reverse Repo 5.75% 6.00% 6.00% 5.75%
91 Day T-Bill 6.17% 6.10% 6.42% 6.06%
364 Day T-Bill 6.32% 6.27% 6.45% 6.47%
10 Year Gilt 7.37% 7.27% 7.37% 7.23%
G-Sec Vol. (Rs.Cr) 33552 62265 30649 45982
Currency Market Update
FBIL MIBOR* 6.05% 8.80% 6.27% 6.00%
3 Month CP Rate 6.95% 7.55% 7.70% 6.85%
5 Year Corp Bond 8.44% 8.27% 8.36% 7.96%
1 Month CD Rate 6.61% 6.91% 7.31% 6.41%
3 Month CD Rate 6.72% 6.76% 7.26% 6.70%
1 Year CD Rate 7.19% 7.26% 7.69% 7.05%
Commodity Market Update
Currency 09-Apr Prev_Day
Change
USD/INR 69.54 69.51 0.03
GBP/INR 90.95 90.78 0.17
EURO/INR 78.31 78.04 0.27
International News
JPY/INR 0.62 0.62 0.00
Commodity 09-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 64.00 62.48 55.72 63.39
Brent Crude($/bl) 71.66 70.27 63.07 67.98
Gold( $/oz) 1304 1293 1298 1336
Gold(Rs./10 gm) 31886 31499 32123 30526
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
10 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
• Bond yields eased with the rebound in the domestic currency following
an upbeat local share market and dollar sales by banks. However, surge in
oil prices restricted further drop in yield.
• Yield on the new 10-year benchmark paper (7.26% GS 2029) declined 3
bps at 7.38% compared with the previous session’s close of 7.41% after
trading in a range of 7.37% to 7.42%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 6,616 crore (gross) on Apr 9, 2019, compared
with Rs. 7,497 crore (gross) as on Apr 6, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 20,844
crore on Apr 6, 2019.
• Banks borrowed Rs. 3,320 crore under the central bank’s Marginal
Standing Facility on Apr 8, 2019 compared with borrowings of Rs. 5,410
crore on Apr 5, 2019.
• According to a Commerce Department report, new orders for U.S.
manufactured goods fell by slightly less than expected in Feb 2019.
Factory orders dropped 0.5% in Feb after staying almost unchanged in Jan
2019.
• The Bank of France has retained its growth forecast for the first quarter
of the year at 0.3%. The survey data from the bank showed that the
business confidence indicator in manufacturing industry was steady at
100 and was lower than expectations. The sentiment indicators for
services and constructions sectors were unchanged at 101 and 106,
respectively.
Markets for You
• Nifty Apr 2019 Futures were at 11,742.30, a premium of 70.35 points,
above the spot closing of 11,671.95. The turnover on NSE’s Futures and
Options segment rose to Rs. 9,74,652.40 crore on Apr 9, 2019, compared
with Rs. 7,96,823.86 crore on Apr 8, 2019.
• The Put-Call ratio stood at 0.85 compared with the previous close of 0.96.
• The Nifty Put-Call ratio stood at 1.47 compared with previous close of
1.38.
• India VIX increased 0.75% to 20.3050 compared with 20.1525 at the
previous trading session.
• Open interest on Nifty Futures stood at 17.32 million as against the
previous close at 17.06 million.
• The India rupee rose against the greenback following dollar sales by
banks and an upbeat domestic equity market. However, the upside was
capped by surge in crude prices. The rupee settled at 69.29 a dollar, up
0.55% compared with the previous close of 69.67.
• The euro rose on greenback as the latter remained under pressure after
the International Monetary Fund pared U.S. growth outlook for 2019. The
euro was last seen trading at 1.1279 a dollar, up 0.18% compared with the
previous close of 1.1259.
• Gold prices increased on greenback weakness as the currency sagged on
account of feeble U.S. economic data.
• Brent crude prices continued to move up amid rising disturbance in Libya,
supply cuts by OPEC and its allies and U.S. sanction against exports from
Iran and Venezuela.
