GlobalIndices 29‐Aug Prev_Day Abs.Change
Russell3000 1,296 1,278 18 1.40
Nasdaq 7,973 7,857 117 1.48
FTSE 7,184 7,115 70 0.98
Nikkei 20,461 20,479 ‐18 ‐0.09
HangSeng 25,704 25,615 88 0.34
IndianIndices 29‐Aug Prev_Day Abs.Change
S&PBSESensex 37,069 37,452 ‐383 ‐1.02
Nifty50 10,948 11,046 ‐98 ‐0.89
Nifty100 11,069 11,155 ‐85 ‐0.76
Nifty500 8,906 8,971 ‐65 ‐0.72
NiftyBank 27,305 27,804 ‐499 ‐1.80
S&PBSEPower 1,899 1,892 7 0.36
S&PBSESmallCap 12,430 12,508 ‐78 ‐0.62
S&PBSEHC 12,662 12,475 187 1.50
Date P/E Div.Yield P/E Div.Yield
29‐Aug 26.23 1.24 27.09 1.35
MonthAgo 27.30 1.22 27.60 1.33
YearAgo 24.89 1.14 28.55 1.14
Company 29‐Aug Prev_Day
SunPharma 435 413 5.22
BhartiInfratel 258 249 3.88
JSWSteel 212 206 3.01
Nifty50Top3Losers DomesticNews
Company 29‐Aug Prev_Day
SBI 275 285 ‐3.65
YesBank 57 60 ‐3.53
HDFCLtd. 2128 2187 2.68
Advances 852 640
Declines 1629 1188
Unchanged 158 103
Description(Cr) YTD
FIIFlows* 49263
MFFlows** 40183
YoY(%) Current YearAgo
Sensex Nifty
Indian equity markets declined over worries of a global recession and
U.S.‐China trade war. This made investors shy away from riskier equities.
The last day of Aug series of futures and options contracts also kept the
sentiment damp.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 1.02% and
0.89% to close at 37,068.93 and 10,948.30 respectively. S&P BSE MidCap
and S&P BSE SmallCap lost 0.17% and 0.62% respectively.
The overall market breadth on BSE was weak with 852 scrips advancing
and 1,629 scrips declining. A total of 158 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Healthcare was the major gainer, up
1.5%, followed by S&P BSE Metal, up 1.27%, and S&P BSE Realty, up
0.45%. S&P BSE Bankex was the major loser, down 1.92%, followed by
S&P BSE Finance, down 1.69%, and S&P BSE Energy, down 0.83%.
Among the 31‐stock sensitive Sensex pack, Sun Pharmaceutical
Industries was the major gainer, up 5.31%, followed by Vedanta and
NTPC that grew 2.72% and 2.63%, respectively.
The Reserve Bank of India (RBI) in its annual report for the year said
subdued global demand and some slowdown in government
consumption expenditure led to moderation in economic activity during
FY19. RBI said outlook for the Indian economy remains clouded. Real
gross domestic product (GDP) growth decreased to a five‐year low of
6.8% in FY19, from 7.2% in the previous financial year. The study flagged
off slower industrial production and investment reluctance, explaining
that the deceleration in industrial output and its primary component–
manufacturing–during 2012‐19 has bigger implications in terms of both
rural and urban jobs and revenue generation. The subdued performance
of consumer non‐durables is also a cause of concern, the central bank
Asian Development Bank (ADB) president has said that the transfer of
Reserve Bank of India’s Rs 1.76 lakh crore to the government will help
stimulate the economy. He called the decision an “appropriate policy
but warned against depending on such surpluses. “If used correctly, this
money can provide stimulus to the economy,” he said.
Commerce and industry minister held a meeting with senior public‐
sector bankers to push for easier and greater flow of loans at cheaper
rates as export credit continues to contract. The government and the
Reserve Bank of India are in discussion to ease priority‐sector lending
norms for exports.
The Flipkart Group has signed an agreement with Authentic Brands
Group for licensing and distribution rights in India for the global lifestyle
brand Nautica. As part of the pact, Flipkart Group will manage Nautica's
online and offline business, through a network of franchise partners.
According to media reports, Tata Realty and Infrastructure Ltd will buy
commercial projects in Pune, Bengaluru and Chennai for Rs. 1,200‐1,400
crore. The company will build information technology (IT) parks of around
12 million sq. ft at these locations. The company is also making a strategic
shift to build more mid‐income homes in the Rs. 40 lakh‐plus category.
Asian equity markets were subdued on persisting U.S.‐China trade
worries and the British Prime Minister suspending parliament till mid‐Oct,
2019. He did this so that no debate or moves can be carried out on Brexit.
Today (as of Aug 30), Asian markets opened higher as positive signs
emanated from China on the trade war front. Both Nikkei and Hang Seng
were trading up 1.05% and 0.89%, respectively (as at 8.a.m. IST).
European markets gained as investors observed developments on the
U.S.‐China trade war front and took stock of comments by central bank
U.S. markets gained after China said it wanted to resolve its prolonged
trade dispute with the U.S. with a calm” attitude. China’s commerce
ministry said it was against escalating trade tensions, which led to
expectations that China may not retaliate to the latest round of U.S.
FIIDerivativeTradeStatistics 29‐Aug
(RsCr) Buy Sell OpenInt.
IndexFutures 8880.73 10300.52 28028.33
IndexOptions 266438.73 265400.44 71746.81
StockFutures 27459.47 27746.53 94409.96
StockOptions 3605.70 3611.47 4353.64
Total 306384.63 307058.96 198538.74
29‐Aug Prev_Day Change
PutCallRatio(OI) 1.11 1.23 ‐0.12
PutCallRatio(Vol) 0.93 0.92 0.02
29‐Aug Wk.Ago Mth.Ago YearAgo
CallRate 5.37% 5.33% 5.60% 6.32%
T‐Repo 5.25% 5.21% 5.56% NA
Repo 5.40% 5.40% 5.75% 6.50%
ReverseRepo 5.15% 5.15% 5.50% 6.25%
91DayT‐Bill 5.34% 5.42% 5.80% 6.81%
364DayT‐Bill 5.70% 5.67% 5.91% 7.32%
10YearGilt 6.55% 6.56% 6.41% 7.92%
G‐SecVol.(Rs.Cr) 40974 55632 52731 25021
FBILMIBOR* 5.45% 5.37% 5.75% 6.46%
3MonthCPRate 5.90% 5.90% 6.30% 7.70%
5YearCorpBond 7.75% 7.70% 7.74% 8.75%
1MonthCDRate 5.23% 5.35% 5.70% 6.70%
3MonthCDRate 5.79% 5.62% 6.31% 7.26%
1YearCDRate 6.50% 6.65% 6.91% 8.04%
Currency 29‐Aug Prev_Day Change
USD/INR 72.00 71.70 0.29
GBP/INR 87.94 88.02 ‐0.09
EURO/INR 79.79 79.50 0.30
JPY/INR 0.68 0.68 0.00
Commodity 29‐Aug WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 56.62 55.28 56.85 69.63
BrentCrude($/bl) 60.68 60.10 61.58 75.70
Gold($/oz) 1527 1499 1427 1206
Gold(Rs./10gm) 38743 37668 34730 30048
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
Nifty Aug 2019 Futures stood at 11,049.25, a premium of 3.15 points
above the spot closing of 11,046.10. The turnover on NSE’s Futures and
Options segment increased to Rs. 14,63,804.79 on August 28, 2019,
compared with Rs. 12,57,676.17 crore on August 27, 2019.
The Put‐Call ratio stood at 0.93 compared with the previous session’s
close of 0.87.
The Nifty Put‐Call ratio stood at 1.11 compared with the previous
session’s close of 1.23.
Open interest on Nifty Futures stood at 23.76 million, compared with
the previous session’s close of 22.61 million.
Bond yields eased as market participants resorted to short covering
ahead of the release of gross domestic product data for the period of
Apr‐Jun 2019, which is due tomorrow.
Yield on the 10‐year benchmark paper (7.26% GS 2029) decreased 2
bps to 6.55% compared with the previous close of 6.57% after trading in
a range of 6.54% to 6.63%.
Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,849 crore (gross) on Aug 29, 2019 compared
with borrowings of Rs. 5,132 crore (gross) on Aug 28, 2019. Sale of
securities under Reserve Bank of India’s (RBI) reverse repo window stood
at Rs. 17,108 crore on Aug 28, 2019.
Banks borrowed Rs. 8 crore under the central bank’s Marginal Standing
Facility on Aug 28, 2019 compared with borrowings of Rs. 2 crore on Aug
27, 2019.
The Indian inched down against the greenback following losses in the
domestic equity market. However, most of the losses were neutralized
on hopes that the ongoing trade tensions between U.S. and China might
be resolved.
The euro marginally weakened against the greenback as the latter
strengthened on reports that U.S. and China would talk and discuss in
Sep 2019 which fuelled hopes that the ongoing trade tensions between
U.S. and China might be resolved.
Gold prices fell after China’s commerce ministry expressed hopes of a
resolution to the ongoing trade dispute between U.S. and China. Brent
Crude prices rose following a sharp fall U.S. crude oil inventories in the
week ended Aug 23.
The Labor Department said U.S. first‐time claims for unemployment
benefits in the week ended Aug 24, 2019, increased modestly. Initial
jobless claims inched up to 215,000, an increase of 4,000 from the
previous week's level of 211,000.
A Commerce Department report showed U.S. gross domestic product
increased 2% in the second quarter compared with the previously
reported 2.1%. The downward revision came in line with estimates. The
downwardly revised GDP growth seen in the second quarter compares
with 3.1% jump in GDP in the first quarter.
National Association of Realtors’ report showed a significant pullback
in pending U.S. home sales in Jul 2019 with the index tumbling by 2.5%
to 105.6 after surging up 2.8% to 108.3 in Jun 2019.
Thank you for
your time.