GlobalIndices 23‐Aug Prev_Day Abs.Change
Russell3000 1,260 1,295 ‐35 ‐2.70
Nasdaq 7,752 7,991 ‐240 ‐3.00
FTSE 7,095 7,128 ‐33 ‐0.47
Nikkei 20,711 20,628 83 0.40
HangSeng 26,179 26,049 131 0.50
IndianIndices 23‐Aug Prev_Day Abs.Change
S&PBSESensex 36,701 36,473 228 0.63
Nifty50 10,829 10,741 88 0.82
Nifty100 10,926 10,837 89 0.82
Nifty500 8,791 8,719 71 0.82
NiftyBank 26,959 27,034 ‐76 ‐0.28
S&PBSEPower 1,861 1,843 18 0.98
S&PBSESmallCap 12,186 12,119 67 0.55
S&PBSEHC 12,461 12,348 113 0.92
Date P/E Div.Yield P/E Div.Yield
23‐Aug 25.62 1.27 26.79 1.36
MonthAgo 27.44 1.24 27.77 1.31
YearAgo 24.72 1.15 28.32 1.16
Company 23‐Aug Prev_Day
ZeeEnte. 351 329 6.75
VedantaLimited 137 129 6.47
UnitedPhos 547 518 5.64
Nifty50Top3Losers DomesticNews
Company 23‐Aug Prev_Day
IndusIndBank 1311 1336 1.88
ITC 236 240 ‐1.65
ICICIBank 395 399 0.93
Advances 1309 1044
Declines 1145 802
Unchanged 129 93
Description(Cr) YTD
FIIFlows* 54123
MFFlows** 35552
YoY(%) Current YearAgo
Sensex Nifty
Indian equity markets gained ahead of finance minister's media
address, which was scheduled later in the day. Investors expected the
minister to announce measures to revive the economy, roll back the
super‐rich tax on foreign portfolio investors, and implement direct tax
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.63% and
0.82% to close at 36,701.16 and 10,829.35, respectively. S&P BSE Mid‐
Cap and S&P BSE Small Cap gained 0.93% and 0.55%, respectively.
The overall market breadth on BSE was strong with 1309 scrips
advancing and 1145 scrips declining. A total of 130 scrips remained
On the BSE sectoral front, S&P BSE Metal was the major gainer, up
3.49%, followed by S&P BSE Oil & Gas and S&P BSE Energy, which gained
3.35% and 2.74%, respectively. S&P BSE Basic Materials and S&P BSE
Auto gained 2.05% and 1.54%, respectively. S&P BSE FMCG was the major
loser, down 0.83%, followed by S&P BSE Bankex and S&P BSE Capital
Goods, down 0.31% and 0.19%, respectively.
The government announced a slew of measures of the auto sector that
is going through a major slowdown. Increase in registration fees for
vehicles was deferred till Jun 2020 and ban on purchase of new vehicles
by government departments was lifted to boost demand. The
depreciation rate of vehicles purchased before Mar 31, 2019 till Mar 31,
2020 was increased to 30% from the present 15% which is expected to
prepone purchase of vehicles. The government also clarified that Bharat
Stage ‐IV vehicles which are purchased till Mar 31, 2020, will remain
operational for their entire period of registration even when the Bharat
Stage VI emission norms comes into effect next year. On a separate note,
the government added that electric and internal combustion engine
vehicles will continue to be registered while a scrappage policy will be
announced later.
The government announced an additional liquidity support to the tune
of Rs. 20,000 crore for housing finance companies in order to improve
their lending capacity. The move is expected to help the real estate sector
which is facing a slowdown in demand and liquidity crunch.
The government proposed to set up an entity that will provide credit
enhancement for infrastructure and housing projects. The move is
expected to increase fund flows towards such projects. It also added that
the department of expenditure and the performance will monitor
delayed payments from government and/or Central Public Sector
Enterprises (CPSEs) which in turn will be reviewed by the Cabinet
Secretariat. The move is expected to help clear all due payments of CPSEs
which will help boost growth and create employment.
The government in order to improve the domestic debt market, added
that it will work jointly with the Reserve Bank of India to make it more
friendly for investors and bond issuers. Also, it decided to do away the
enhanced surcharge levied by Finance (No 2) Act, 2019 on long and short
term capital gains that arises from transfer of equity shares/units referred
in Section 111A and 112A respectively. The move is expected to boost
investment in the capital market.
Asian equity markets ended mixed as Japan‐South Korea tensions
intensified, and investors looked forward to U.S. Federal Reserve
chairman's speech at the Jackson Hole Economic Policy Symposium later
in the day. Markets will try to gauge the future interest rate stance of the
Fed through the speech. Today (as of Aug 26), Asian markets opened
lower following an escalation in the U.S.‐China trade war late last week.
Both Nikkei and Hang Seng were trading down 2.36% and 3.26%,
respectively (as at 8.a.m. IST).
European markets declined as China said it would impose new tariffs
on another $75 billion worth of U.S. goods. U.S. President told American
companies to “immediately start looking for an alternative to China.”
U.S. markets fell after President told U.S. manufacturers to find
alternatives to their operations in China. The President also criticised the
U.S. Federal Reserve chairman for not doing enough stimulate growth in
the economy.
FIIDerivativeTradeStatistics 23‐Aug
(RsCr) Buy Sell OpenInt.
IndexFutures 4673.20 4916.96 23714.35
IndexOptions 384606.32 381517.30 55324.04
StockFutures 13381.05 13506.41 90064.30
StockOptions 7503.30 7564.68 5497.23
Total 410163.87 407505.35 174599.92
23‐Aug Prev_Day Change
PutCallRatio(OI) 1.02 0.70 0.32
PutCallRatio(Vol) 0.78 0.78 0.00
23‐Aug Wk.Ago Mth.Ago YearAgo
CallRate 5.34% 5.31% 5.58% 6.41%
T‐Repo 5.19% 5.25% 5.55% NA
Repo 5.40% 5.40% 5.75% 6.50%
ReverseRepo 5.15% 5.15% 5.50% 6.25%
91DayT‐Bill 5.40% 5.47% 5.72% 6.80%
364DayT‐Bill 5.65% 5.72% 5.93% 7.29%
10YearGilt 6.57% 6.54% 6.46% 7.88%
G‐SecVol.(Rs.Cr) 27556 56660 49145 24506
FBILMIBOR 5.40% 5.45% 5.80% 6.50%
3MonthCPRate 5.90% 6.00% 6.45% 7.75%
5YearCorpBond 7.68% 7.83% 7.74% 8.64%
1MonthCDRate 5.49% 5.42% 5.90% 6.53%
3MonthCDRate 5.50% 5.67% 6.28% 7.19%
1YearCDRate 6.64% 6.70% 7.02% 8.03%
Currency 23‐Aug Prev_Day Change
USD/INR 71.73 71.70 0.02
GBP/INR 87.62 86.91 0.71
EURO/INR 79.39 79.43 0.03
JPY/INR 0.67 0.67 0.00
Commodity 23‐Aug WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 54.05 54.78 56.55 68.93
BrentCrude($/bl) 58.93 58.99 62.47 73.62
Gold($/oz) 1526 1514 1417 1185
Gold(Rs./10gm) 37599 37466 34852 29530
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Nifty Aug 2019 Futures stood at 10,842.70, a premium of 13.35 points
above the spot closing of 10,829.35. The turnover on NSE’s Futures and
Options segment fell to Rs.10,43,153.98 on August 23, 2019, compared
with Rs.25,17,204.99 crore on August 22, 2019.
The Put‐Call ratio stood at 0.69 compared with the previous session’s
close of 0.74.
The Nifty Put‐Call ratio stood at 1.02 compared with the previous
session’s close of 0.7.
Open interest on Nifty Futures stood at 22.32 million, compared with
the previous session’s close of 22.75 million.
Bond yields inched up as investors remained cautious on speculation
that the government will announce a fiscal stimulus package which may
adversely impact fiscal consolidation roadmap of the country.
Yield on the 10‐year benchmark paper (7.26% GS 2029) rose 1 bps to
6.57% compared with the previous close of 6.56% after trading in a
range of 6.56% to 6.58%.
Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,769 crore (gross) on Aug 23, 2019 compared
with borrowings of Rs. 5,154 crore (gross) on Aug 22, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 13,364 crore on Aug 22, 2019.
Banks borrowed Rs. 1 crore under the central bank’s Marginal Standing
Facility on Aug 22, 2019 compared with borrowings of Rs. 601 crore on
Aug 21, 2019.
The Indian strengthened against the greenback due to gains in the
domestic equity market and on reports that the government may clarify
its stance on additional surcharge on foreign investors.
The euro gained against the greenback amid escalating U.S. and China
trade war tensions after U.S. President ordered U.S. companies to look
ways for an alternative to China as Beijing imposed more tariffs on U.S.
Gold prices grew after China reportedly announced that it will impose
additional tariffs on a total of $75 billion of U.S. goods.
Brent crude prices fell amid intensifying U.S. and China trade war
U.S. Federal Reserve chairman at his speech at the Jackson Hole
Economic Policy Symposium said the Fed will "act as appropriate" to
sustain the U.S. economic expansion. He cited announcement of new
tariffs on Chinese imports and signs of a global economic slowdown,
especially in Germany and China. The chairman also mentioned many
geopolitical events, such as the growing possibility of a hard Brexit,
suspension of the Italian government and rising tensions in Hong Kong.
A Commerce Department report showed a steep drop in new home
sales in U.S. Jul 2019 by 12.8% to an annual rate of 635,000 in Jul 2019
after soaring by 20.9% to a rate of 728,000 in Jun 2019.
Thank you for
your time.