GlobalIndices 01‐Aug Prev_Day Abs.Change
Russell3000 1,302 1,309 ‐7 ‐0.57
Nasdaq 8,111 8,175 ‐64 ‐0.79
FTSE 7,585 7,587 ‐2 ‐0.03
Nikkei 21,541 21,522 19 0.09
HangSeng 27,566 27,778 ‐212 ‐0.76
IndianIndices 01‐Aug Prev_Day Abs.Change
S&PBSESensex 37,018 37,481 ‐463 ‐1.23
Nifty50 10,980 11,118 ‐138 ‐1.24
Nifty100 11,081 11,221 ‐140 ‐1.25
Nifty500 8,936 9,045 ‐109 ‐1.21
NiftyBank 28,367 28,876 ‐509 ‐1.76
S&PBSEPower 1,964 1,966 ‐2 ‐0.12
S&PBSESmallCap 12,552 12,692 ‐140 ‐1.10
S&PBSEHC 12,587 12,704 ‐117 ‐0.92
Date P/E Div.Yield P/E Div.Yield
1‐Aug 26.15 1.25 27.05 1.35
MonthAgo 28.57 1.18 29.17 1.23
YearAgo 23.56 1.17 28.14 1.19
Company 01‐Aug Prev_Day
BhartiInfratel 251 246 2.12
Wipro 270 265 1.92
Maruti 5573 5470 1.88
Nifty50Top3Losers DomesticNews
Company 01‐Aug Prev_Day
VedantaLimited 145 154 ‐5.61
SBI 317 332 4.53
TataMotors 130 136 ‐4.46
Advances 778 531
Declines 1689 1291
Unchanged 121 98
Description(Cr) YTD
FIIFlows* 64762
MFFlows** 23818
YoY(%) Current YearAgo
Sensex Nifty
Indian equity markets declined on weak global cues after the U.S.
Federal Reserve cut interest rates but said the move was not the
beginning of a long‐running rate‐cut cycle. This was taken by investors as
a hint that rates won’t be cut anymore in 2019.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 1.23% and
1.24% to close at 37,018.32 and 10,980.00, respectively. S&P BSE Mid‐
Cap and S&P BSE Small Cap lost 0.86% and 1.10%, respectively.
The overall market breadth on BSE was weak with 778 scrips advancing
and 1,689 scrips declining. A total of 121 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Energy was the major gainer, up
0.51%, followed by S&P BSE Consumer Durables and S&P BSE Utilities,
major loser, down 3.37%, followed by S&P BSE Basic Materials and S&P
BSE Telecom, down 2.49% and 2.35%, respectively. S&P BSE Teck and S&P
BSE IT lost 2.07% and 1.92%, respectively.
After falling on MoM basis in Jun 2019, Nikkei India Manufacturing
Purchasing Managers' Index (PMI) grew to 52.5 in Jul from 52.1 in Jun
driven mainly by improved output and new orders. New export orders
continued to rise, however, there was slowdown in growth. Consumer
goods producers led the upturn for the third consecutive month.
According to media news, Jul 2019 sales at some of the top passenger
vehicle makers has hit their worst in about two decades. Increasing
financial uncertainty, slowdown in new investment, and stress in non‐
bank lending dampened urban and rural consumer demand.
Furthermore, this year, irregular monsoon rain struck rural sentiment.
Finance minister said business failures should not be tabooed or looked
down upon. She was reacting to the alleged suicide of a prominent
businessman. In a debate on the Insolvency and Bankruptcy Code (IBC) in
Lok Sabha, the minister said that businessmen should get honourable exit
or resolution to the problem in letter and spirit of IBC.
Corporate affairs minister said amendments to insolvency law are
aimed at ensuring greater timeliness for resolution process. The
resolution process has to be completed in 330 days and changes are to be
made in seven sections of the law.
India wastes a significant portion of its agriculture produce due to a
weak cold chain infrastructure, with 16% of fruits and vegetables being
wasted every year, Minister of State for Food Processing Industries said.
Up to 10% oilseeds, pulses and cereals grown in India are completely
wasted. A study “Assessment of Quantitative Harvest and Post‐Harvest
Losses of Major Crops and Commodities in India” undertaken by the
Central Institute of Post‐Harvest Engineering and Technology (CIPHET)
came out with these figures.
Media reports have said many public sector banks have opted for safe
investment options like government bonds to avoid any chance of post
retirement harassments at the hands of law enforcement agencies. The
trend has resulted in reduced and delayed lending to the private sector.
Asian equity markets were muted as the U.S. Federal Reserve
chairman’s comments post the bank’s policy meet dampened hopes of
further rate cuts in 2019. Also, there was little progress after U.S. and
Chinese negotiators finished their talks in Shanghai. Today (as of Aug 2),
Asian markets opened lower after the U.S. surprise tariff announcement
intensified trade tensions between Washington and Beijing. Both Nikkei
and Hang Seng were trading down 2.06% and 2.05%, respectively (as at
8.a.m. IST).
U.S. markets fell after the U.S. President said the U.S. would impose an
extra 10% tariff on Chinese imports. These would be effective from Sep 1,
2019, and the President said the rate could go up further to 25%.
European markets were mixed as investor sentiment remained muted
because of U.S. Federal Reserve’s stance on interest rates on the one
hand and strong earnings buoyed markets on the other.
FIIDerivativeTradeStatistics 01‐Aug
(RsCr) Buy Sell OpenInt.
IndexFutures 4241.89 5387.21 14780.77
IndexOptions 325508.78 324195.74 42247.61
StockFutures 13913.25 13226.66 85976.36
StockOptions 5760.26 5723.56 3076.39
Total 349424.18 348533.17 146081.13
01‐Aug Prev_Day Change
PutCallRatio(OI) 1.09 0.98 0.12
PutCallRatio(Vol) 0.79 0.88 ‐0.08
01‐Aug Wk.Ago Mth.Ago YearAgo
CallRate 5.56% 5.61% 5.74% 6.17%
T‐Repo 5.59% 5.61% 5.55% NA
Repo 5.75% 5.75% 5.75% 6.50%
ReverseRepo 5.50% 5.50% 5.50% 6.25%
91DayT‐Bill 5.53% 5.73% 5.90% 6.77%
364DayT‐Bill 5.88% 5.90% 6.10% 7.26%
10YearGilt 6.42% 6.51% 6.88% 7.70%
G‐SecVol.(Rs.Cr) 55044 63985 35844 55981
FBILMIBOR* 5.75% 5.70% 5.97% 6.25%
3MonthCPRate 6.10% 6.30% 6.90% 7.65%
5YearCorpBond 7.83% 7.81% 8.03% 8.57%
1MonthCDRate 5.44% 5.76% 5.92% 6.78%
3MonthCDRate 6.20% 6.29% 6.40% 7.40%
1YearCDRate 6.62% 6.77% 7.11% 8.10%
Currency 01‐Aug Prev_Day Change
USD/INR 69.06 68.86 0.20
GBP/INR 83.75 83.74 0.01
EURO/INR 76.31 76.84 0.54
JPY/INR 0.63 0.63 0.00
Commodity 01‐Aug WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 53.59 55.85 58.88 68.42
BrentCrude($/bl) 62.04 63.31 65.66 72.92
Gold($/oz) 1445 1414 1384 1215
Gold(Rs./10gm) 34572 34943 33549 29664
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Nifty Aug 2019 Futures stood at 11,015.35, a premium of 35.35 points
above the spot closing of 10,980.00. The turnover on NSE’s Futures and
Options segment rose to Rs. 27,99,622.77 on August 01, 2019, compared
with Rs. 15,25,426.99 crore on July 31, 2019.
The Put‐Call ratio stood at 0.73 compared with the previous session’s
close of 0.79.
The Nifty Put‐Call ratio stood at 0.82 compared with the previous
session’s close of 1.09.
Open interest on Nifty Futures stood at 20.01 million, compared with
the previous session’s close of 18.55 million.
Bond yields increased following a finance ministry official’s comment,
which increased ambiguity regarding the government’s plan for issuing
sovereign bond in the overseas market. In addition, uncertainty whether
the borrowing plan will form part of the current fiscal further dampened
Yield on the 10‐year benchmark paper (7.26% GS 2029) rose 5 bps to
close at 6.42% compared with the previous close of 6.37% after trading
in a range of 6.38% to 6.43%.
Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,508 crore (gross) on Aug 1, 2019 compared
with Rs. 4,645 crore (gross) borrowed on Jul 31, 2019. Sale of securities
under Reserve Bank of India’s (RBI) reverse repo window stood at Rs.
18,528 crore on Jul 31, 2019.
The Indian rupee weakened against the greenback following U.S.
Federal Reserve chairman’s remarks that tempered expectations of a
rate easing cycle. The rupee closed at 69.05 a dollar compared with the
previous close 68.79.
The euro gained against the greenback as the latter weakened after
U.S President reportedly stated that he would levy an additional 10%
tariff on $300 billion worth of Chinese imports on Sep 1. The euro closed
at 1.1061 compared with the previous close of 1.1074.
Gold prices surged following renewed trade tensions between the two
Brent crude prices fell due to concerns that the global economy would
weaken further following renewed trade tensions between U.S. and
An Institute for Supply Management report showed growth in U.S.
manufacturing activity unexpectedly continued slowdown in Jul 2019.
The ISM Purchasing managers index dipped to 51.2 in Jul after edging
down to 51.7 in Jun 2019.
Survey data from IHS Markit showed U.K. manufacturing sector shrank
at the fastest pace in almost six‐and‐a‐half years in Jul 2019. The factory
Purchasing Managers' Index remained unchanged at 48.0 in Jul. This is
the lowest level in almost six‐and‐a‐half years.
Survey data from IHS Markit showed China's manufacturing sector
contracted slightly in Jul with Caixin factory PMI coming in at 49.9 from
49.4 in Jun 2019.
Thank you for
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