Global Indices
Global Indices 18-Apr Prev_Day Abs. Change
% Change
#
Dow Jones 26,560 26,450 110 0.42
Nasdaq 7,998 7,996 2 0.02
FTSE 7,460 7,471 -11 -0.15
Nikkei^ 22,201 22,090 110 0.50
Hang Seng 29,963 30,125 -161 -0.54
Indian Indices 18-Apr Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 39,140 39,276 -135 -0.34
Nifty 50 11,753 11,787 -34 -0.29
Nifty 100 11,913 11,950 -37 -0.31
Nifty Bank 30,223 30,531 -308 -1.01
SGX Nifty 11,771 11,854 -84 -0.70
S&P BSE Power 2,033 2,061 -28 -1.34
S&P BSE Small Cap 15,021 15,172 -151 -0.99
S&P BSE HC 14,481 14,521 -40 -0.28
Date P/E Div. Yield P/E Div. Yield
18-Apr 28.34 1.12 29.33 1.12
Month Ago 27.97 1.14 28.10 1.18
Year Ago 23.60 1.14 26.13 1.22
Nifty 50 Top 3 Gainers
Company 18-Apr Prev_Day
% Change
#
RIL 1386 1344 3.14
Tata Motors 236 231 2.49
BPCL 363 358 1.51
Nifty 50 Top 3 Losers Domestic News
Company 18-Apr Prev_Day
% Change
#
Yes Bank 256 266 -4.00
Indiabulls HFC 801 832 -3.83
Hindalco 207 215 -3.61
Advance Decline Ratio
BSE NSE
Advances 870 543
Declines 1701 1288
Unchanged 156 112
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 62250
MF Flows** 117
*18
th
Apr 2019; **16
th
Apr 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.86%
(Mar-19)
4.28%
(Mar-18)
IIP
0.10%
(Feb-19)
6.90%
(Feb-18)
GDP
6.60%
(Dec-18)
7.70%
(Dec-17)
^As on 19-Apr-19
22 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
-2
1011
2.11%
(Dec-18)
• Indian equity markets broke their winning streak and ended in the red.
Though the start was good, and indices touched new highs, the news of
grounding of a major debt-ridden domestic airline hit bank and finance
stocks. Leading public sector banks are the airline’s lenders and have high
exposure in it. This pulled the markets down.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.34% and
0.29%, respectively, to close at 39,140.28 and 11,752.80, respectively. S&P
BSE Mid-Cap and S&P BSE Small Cap lost 0.89% and 0.99%, respectively.
• The overall market breadth on BSE was weak with 870 scrips advancing
and 1701 scrips declining. A total of 156 scrips remained unchanged.
• On the BSE sectoral front, only two sectors gained. S&P BSE Energy was
the major gainer, up 1.93%, followed by S&P BSE Oil & Gas, up 0.75%. S&P
BSE Realty was the major loser, down 2.33%, followed by S&P BSE Power,
down 1.34%, and S&P BSE Metal, down 1.28%. S&P BSE Telecom and S&P
BSE Capital Goods lost 1.22% and 1.2%, respectively.
• Minutes of the monetary policy review held on Apr 4, 2019 showed that
most of the policymakers in the monetary policy committee agreed to
lower key policy repo rate in order to boost growth of the Indian economy
as domestic inflationary pressures remained muted. However, some
policymakers warned that inadequate monsoons may lead to an increase
in food prices which may push inflation above the Reserve Bank of India’s
4% target.
• Data from capital market regulator Securities and Exchange Board of
India showed that investment through participatory notes in domestic
capital markets rose to Rs. 78,110 crore in Mar 2019 from Rs. 73,428 crore
in the previous month. Of the total investment in participatory notes, Rs.
56,288 crore was parked in equities, Rs. 20,999 crore was in debt and
Rs.119 crore was in derivative markets. It needs to be noted that
participatory notes are issued by registered foreign portfolio investors for
those overseas investors who want to invest in the domestic equity
market but don’t want to register themselves without going through a due
diligence process.
• According to a report by the World Steel Association, steel demand in
India is expected to grow in excess of 7% in the current year as well as in
the next year. Demand of steel is expected to grow due to the ongoing
infrastructure projects.
• According to media reports, the net profit of Reliance Industries rose
9.8% on a yearly basis to Rs. 10,362 crore in Q4FY19 from Rs.9,438 crore in
the same period of the previous year. Revenue rose 19.4% on a yearly
basis to Rs. 154,110 crore. However, upbeat revenue from retail and
telecom businesses neutralised weaknesses in the core oil refining and
petrochemical segment.
• According to media reports, Larsen & Toubro said its heavy engineering
arm has won several contracts for supply of critical reactors, equipment
and systems for Process Plant sector. The company said that the orders
are mainly from US, Europe, Middle East and South East Asia.
• According to media reports, Granules India has received approval from
the U.S. health regulator for Acetaminophen tablets which is used for
temporary pain relief.
• According to media reports, the net profit of Reliance Jio Infocomm rose
64.70% on a yearly basis to Rs. 840 crore from Rs. 510 crore in the same
period of the previous year.
Markets for You
• Asian equity markets saw thin trade as many markets were closed on
account of the Good Friday Holiday. Some of the region’s indices
benefitted from gains in overnight U.S. markets. U.S. markets gained but
trade was volatile as investors awaited quarterly earnings news. Today (as
of Apr 22), Asian markets opened mixed as markets remained subdued
during Easter holidays. Nikkei was trading down 0.22% (as at 8.a.m. IST)
and Hang Seng remained closed for a public holiday.
• As per the last close, European markets closed almost higher amid rising
optimism about U.S.-China trade deal and strong economic data from U.S.
Strong corporate earnings also boosted the market. However, buying
interest remained subdued ahead of the long weekend.
• As per the last close, U.S markets closed higher following strong U.S.
retail sales data for Mar 2019 and unexpected decline in U.S. jobless
claims data for week ended Apr 13. Further, investors sentiments were
boosted after two companies has successful initial public offerings.
However, gains were capped due to sharp decline in healthcare sector.
FII Derivative Trade Statistics 18-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 3859.95 3119.00 20463.09
Index Options 170904.27 169367.48 74524.15
Stock Futures 11104.54 11474.01 91353.14
Stock Options 7915.99 7691.65 8852.36
Total 193784.75 191652.14 195192.74
18-Apr Prev_Day
Change
Put Call Ratio (OI) 1.58 1.82 -0.24
Indian Debt Market
Put Call Ratio(Vol) 0.98 1.10 -0.12
18-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 6.08% 6.02% 6.20% 5.88%
T-Repo 5.98% 5.99% 6.14% NA
Repo 6.00% 6.00% 6.25% 6.00%
Reverse Repo 5.75% 5.75% 6.00% 5.75%
91 Day T-Bill 6.32% 6.29% 6.32% 6.10%
364 Day T-Bill 6.44% 6.36% 6.40% 6.51%
10 Year Gilt 7.42% 7.37% 7.32% 7.54%
G-Sec Vol. (Rs.Cr) 25688 35255 47132 23991
Currency Market Update
FBIL MIBOR 6.10% 6.05% 6.26% 6.00%
3 Month CP Rate 7.00% 6.95% 7.45% 6.90%
5 Year Corp Bond 8.56% 8.50% 8.44% 8.21%
1 Month CD Rate 6.93% 6.72% 7.27% 6.46%
3 Month CD Rate 7.13% 6.75% 7.31% 6.80%
1 Year CD Rate 7.49% 7.20% 7.45% 7.36%
Commodity Market Update
Currency 18-Apr Prev_Day
Change
USD/INR 69.42 69.58 -0.16
GBP/INR 90.55 91.09 -0.53
EURO/INR 78.43 78.65 -0.21
International News
JPY/INR 0.62 0.62 0.00
Commodity 18-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 63.97 63.56 59.04 68.39
Brent Crude($/bl) 70.45 71.94 66.64 74.32
Gold( $/oz) 1275 1292 1303 1349
Gold(Rs./10 gm) 31394 31770 31725 31276
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
22 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 11,771.10, a premium of 18.30 points,
above the spot closing of 11,752.80. The turnover on NSE’s Futures and
Options segment rose to Rs. 21,63,258.86 crore on Apr 18, 2019,
compared with Rs. 10,54,523.93 crore on Apr 16, 2019.
• The Put-Call ratio stood at 0.88 compared with the previous session’s
close of 0.95.
• The Nifty Put-Call ratio stood at 1.58 compared with the previous
session’s close of 1.82.
• Open interest on Nifty Futures stood at 18.42 million as against the
previous session’s close at 17.94 million.
• Bond yields rose as market participants were cautious over the
Monetary Policy Committee's Apr 2019 meeting’s minutes for guidance
on the interest rate movement. Huge quantum of bond supply and high
crude oil prices also created upward pressure on yield.
• Yield on the 10-year benchmark paper (7.26% GS 2029) rose 3 bps to
7.42% compared with the previous session’s close of 7.39% after trading
in a range of 7.40% to 7.43%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 12,450 crore (gross) on Apr 18, 2019, compared
with Rs. 8,448 crore (gross) as on Apr 16, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 8,806
crore on Apr 16, 2019.
• The India rupee rose against the greenback due to selling of the U.S.
dollar by private banks. The rupee closed at 69.36 a dollar, up 0.35%
compared with the previous close of 69.60.
• The euro rose against the greenback after the growth of the China’s
economy came better than expectations in the first quarter of 2019.
However, downbeat manufacturing activity data (preliminary) from euro
zone for Apr capped the gains. The euro rose 0.13% to close at 1.1244
compared to the previous close of 1.1229.
• Gold prices were flat to marginally higher as concerns over global
economic growth improved the appeal of the safe-haven metal.
• Brent crude prices fell amid subdued pre-holiday trading. Growing U.S.
oil production and concerns over the U.S.- China trade dispute weighed
on the prices.
• Preliminary data from the IHS Markit survey showed that the Eurozone
Composite Purchasing Managers' Index (PMI) fell to 51.3 in Apr from 51.6
in Mar as new export orders fell sharply. The manufacturing PMI stood at
47.8 in Apr compared to 47.5 in Mar while the service PMI fell to 52.5 in
Apr from 53.3 in Mar.
• Data from the Office for National Statistics showed that retail sales in
U.K. rose more than expected and grew 1.1% on a monthly basis in Mar
2019 following a 0.6% in Feb 2019.
• A report from the U.S. Commerce Department showed that business
inventories in U.S. grew 0.3% in Feb 2019 after growing by an upwardly
revised 0.9% in Jan 2019 (0.8% originally reported).
Markets for You
