24 Apr 2019
Global Indices
Global Indices 23-Apr Prev_Day Abs. Change
% Change
Dow Jones 26,656 26,511 145 0.55
Nasdaq 8,121 8,015 106 1.32
FTSE 7,523 Closed NA NA
Nikkei 22,260 22,218 42 0.19
Hang Seng 29,963 Closed NA NA
Indian Indices 23-Apr Prev_Day Abs. Change
% Change
S&P BSE Sensex 38,565 38,645 -80 -0.21
Nifty 50 11,576 11,594 -19 -0.16
Nifty 100 11,728 11,746 -18 -0.16
Nifty Bank 29,480 29,688 -208 -0.70
SGX Nifty 11,605 11,612 -7 -0.06
S&P BSE Power 2,007 2,020 -13 -0.64
S&P BSE Small Cap 14,785 14,804 -19 -0.13
S&P BSE HC 14,413 14,308 105 0.73
Date P/E Div. Yield P/E Div. Yield
23-Apr 27.49 1.19 28.94 1.14
Month Ago 27.68 1.15 28.08 1.18
Year Ago 23.48 1.14 26.27 1.21
Nifty 50 Top 3 Gainers
Company 23-Apr Prev_Day
% Change
Lupin 868 832 4.32
ONGC 164 158 3.70
Zee Ente. 409 397 3.18
Nifty 50 Top 3 Losers Domestic News
Company 23-Apr Prev_Day
% Change
Bharti Airtel 317 349 -9.42
Maruti 7049 7321 -3.72
Yes Bank 233 238 -2.37
Advance Decline Ratio
Advances 1097 738
Declines 1437 1080
Unchanged 146 112
Institutional Flows (Equity)
Description (Cr)
FII Flows* 63442
MF Flows** -42
Apr 2019; **18
Apr 2019
Economic Indicator
YoY(%) Current Year Ago
24 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
India equity markets closed in the red following concerns over surge in
crude oil prices after U.S. reportedly announced its decision of not
renewing or extending waivers to countries that were earlier importing
Iranian oil. Investors remained cautious ahead of the expiry of derivative
contracts on Apr 25, 2019. Also, elections and earnings results uncertainty
kept the markets under pressure.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.21% and
0.16% to close at 38,564.88 and 11,575.95, respectively. S&P BSE Mid-Cap
rose 0.03% and S&P BSE Small Cap fell 0.13%.
The overall market breadth on BSE was weak with 1,437 scrips declining
and 1,097 scrips advancing. A total of 146 scrips remained unchanged.
On the BSE sectoral front, S&P BSE telecom was the major loser and fell
1.38%, followed by S&P BSE Auto that fell 1.32%. S&P BSE Utilities and
S&P BSE Power fell 1.10% and 0.64%, respectively. S&P BSE Bankex and
S&P BSE Consumer Discretionary Goods & Services fell 0.59% and 0.58%,
respectively. S&P BSE Energy stood as the major gainer and grew 1.25%,
followed by S&P BSE Consumer Durables that grew 0.96%.
According to the Petroleum and Natural Gas Minister, additional
supplies of oil will be provided to India from other major oil producing
countries to compensate for loss of Iranian oil. The move comes after the
United States decided to impose sanctions on oil exports from Iran.
As per media reports, the country’s pharmaceutical exports grew 11% to
$19.2 billion in FY19 on account of improved demand in North America
and Europe. Export of pharmaceutical products stood at $17.3 billion and
$16.7 billion in FY18 and FY17 respectively. Also reports suggest that
China’s market will gradually open up and subsequently the government is
working to increase India’s exports in the region.
According to a major domestic credit rating agency, capital requirement
for microfinance firms may come down in the next few years as many of
them have started adopting new business models which require less
capital. The rating agency is of the view that raising capital is the key
challenge for most small and medium sized entities. It also noted that
many smaller microfinance institutions (MFI) have started operating as
business correspondents partly or fully and hence they originate loans on
behalf of their partner banks which helps them to conserve capital. The
rating agency further added that consolidation may take place in the
industry where smaller microfinance institutions may get acquired by
larger non-banking financial companies. As per the projections provided
by the rating agency, Rs. 3,500 crore to Rs. 4700 crore may be required
over the next three years by MFIs or small banks to maintain a growth of
25% to 30% compared to an equity expansion of Rs. 4,350 crore by MFIs in
Data from the Directorate General of Civil Aviation showed that the
cumulative traffic of 11 domestic airlines witnessed a growth of 0.14% as
it stood at 11.59 million in Mar 2019 compared to 11.58 million
passengers in the same month of the previous year. For the period from
Jan 2019 to Mar 2019, passengers carried by domestic airlines stood at
354.53 lakhs compared to 337.90 lakhs in the corresponding period of the
previous year thereby registering a growth of 4.92%.
Markets for You
Asian markets traded in the mixed following improved crude oil prices
which supported the oil sector. Gains were capped on concerns that the
Chinese government may slow down its monetary easing program.
Investors also remained cautious ahead of the major corporate earnings
results. Today (as of Apr 24), Asian markets opened higher following gains
in U.S. Wall Street. Both Nikkei and Hang Seng were trading up 0.36% and
0.42%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed higher following strong
quarterly earnings and rise in crude oil prices. Also, euro area government
deficit to GDP fell to 0.5% in 2018 from 1% in the previous year.
As per the last close, U.S markets closed higher following strong
corporate earnings from many big corporates. Unexpected rise in U.S. new
home sales in Mar 2019 further boosted the markets.
FII Derivative Trade Statistics 23-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 7237.54 6943.39 21076.91
Index Options 130380.84 126969.24 72198.34
Stock Futures 24434.84 24889.14 91716.53
Stock Options 7865.96 7954.31 8414.84
Total 169919.18 166756.08 193406.62
23-Apr Prev_Day
Put Call Ratio (OI) 1.30 1.35 -0.05
Indian Debt Market
Put Call Ratio(Vol) 1.00 0.83 0.18
23-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 6.26% 6.04% 6.19% 5.90%
T-Repo 6.11% 5.96% 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 6.35% 6.33% 6.25% 6.15%
364 Day T-Bill 6.43% 6.40% 6.38% 6.45%
10 Year Gilt 7.47% 7.39% 7.34% 7.74%
G-Sec Vol. (Rs.Cr) 35372 25688 38231 29374
Currency Market Update
FBIL MIBOR* 6.15% 6.10% 6.25% 6.01%
3 Month CP Rate 7.50% 7.00% 7.50% 7.15%
5 Year Corp Bond 8.61% 8.52% 8.40% 8.44%
1 Month CD Rate 6.98% 6.72% 8.00% 6.58%
3 Month CD Rate 7.13% 6.85% 7.36% 6.69%
1 Year CD Rate 7.35% 7.50% 7.73% 7.45%
Commodity Market Update
Currency 23-Apr Prev_Day
USD/INR 69.75 69.74 0.01
GBP/INR 90.54 90.64 -0.09
EURO/INR 78.43 78.41 0.02
International News
JPY/INR 0.62 0.62 0.00
Commodity 23-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 66.19 63.96 58.82 67.56
Brent Crude($/bl) 73.09 71.38 66.73 75.43
Gold( $/oz) 1272 1276 1313 1324
Gold(Rs./10 gm) 31560 31641 32007 31213
Source: Thomson Reuters Eikon *As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
24 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
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Apr 2019 Futures were at 11,586.40, a premium of 10.45 points,
above the spot closing of 11,575.95. The turnover on NSE’s Futures and
Options segment increased to Rs. 11,89,019.33 crore on Apr 23, 2019,
compared with Rs. 8,47,297.92 crore on Apr 22, 2019.
The Put-Call ratio stood at 0.91 compared with the previous session’s
close of 0.84.
The Nifty Put-Call ratio stood at 1.30 compared with the previous
session’s close of 1.35.
India VIX rose 2.30% to 24.6050 compared with 24.0500 at the previous
trading session.
Open interest on Nifty Futures stood at 19.50 million as against the
previous session’s close at 18.62 million.
Bond yields remained unchanged early losses from surge in crude oil
prices were compensated by investors’ short covering. However, the
overall bond market sentiment is subdued owing to the steep surge in
crude prices.
Yield on the 10-year benchmark paper (7.26% GS 2029) stood
unchanged at 7.47% compared with the previous session’s close after
trading in a range of 7.46% to 7.50%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 24,476 crore (gross) on Apr 23, 2019, compared
with Rs. 28,082 crore (gross) as on Apr 22, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 11,869
crore on Apr 22, 2019.
Banks borrowed Rs. 9,940 crore under the central bank’s Marginal
Standing Facility on Apr 22, 2019 compared with borrowings of Rs. 308
crore on Apr 18, 2019.
The India rupee moved up against the greenback following the RBI’s
forex swap auction that witnessed better-than-anticipated demand.
However, gains were largely offset by the sharp uptick in crude oil prices.
The euro declined as dollar firmed due to rise in U.S. bond yields and fall
in market volatility. Besides, strong U.S. economic data in recent times
supported greenback, while weighing down on the single currency.
Gold prices headed south against the greenback as the latter firmed
following rise in U.S. Treasury yield.
Brent crude prices saw a steep surge of more than 3% after U.S.
announced its decision of not renewing or extending waivers to countries
that were earlier importing Iranian oil.
According to a report from the National Association of Realtors, U.S.
existing home sales fell 4.9% to an annual rate of 5.21 million in Mar 2019
as against an increase of 11.2% to a revised rate of 5.48 million (5.51
million originally reported) in Feb 2019. Meanwhile, it fell more than
market expectations.
A report from Eurostat showed that eurozone’s general government
deficit to GDP fell to 0.5% in 2018 from 1% in 2017. Government revenue
slightly grew to 46.3% of GDP from 46.1%. Meanwhile, government
expenditure fell to 46.8% in 2018 as against 47% in 2017.
Markets for You
Thank you for
your time.