20Feb2018

MarketsforYou

GlobalIndices

GlobalIndices 19‐Feb Prev_Day Abs.Change

%Change

DowJones Closed 25,219 NA NA

Nasdaq Closed 7,239 NA NA

FTSE 7,248 7,295 ‐47 ‐0.64

Nikkei 22,149 21,720 429 1.97

HangSeng Closed Closed NA NA

IndianIndices 19‐Feb Prev_Day Abs.Change

%Change

S&PBSESensex 33,775 34,011 ‐236 ‐0.69

Nifty50 10,378 10,452 ‐74 ‐0.71

Nifty100 10,748 10,831 ‐83 ‐0.77

NiftyBank 25,059 25,164 ‐105 ‐0.42

SGXNifty 10,387 10,415 ‐28 ‐0.27

S&PBSEPower 2,207 2,229 ‐22 ‐0.99

S&PBSESmallCap 17,857 18,036 ‐179 ‐0.99

S&PBSEHC 14,111 14,267 ‐156 ‐1.10

Date P/E Div.Yield P/E Div.Yield

19‐Feb 23.60 1.16 25.14 1.09

MonthAgo 26.06 1.08 27.44 1.04

YearAgo 21.55 1.45 23.10 1.25

Nifty50Top3Gainers

Company 19‐Feb Prev_Day

%Change

BhartiInfratel 330 328 0.70

CoalIndia 305 304 0.63

RIL 927 921 0.62

Nifty50Top3Losers DomesticNews

Company 19‐Feb Prev_Day

%Change

TataSteel 649 690 ‐5.93

AdaniPorts&SEZ 394 405 ‐2.86

Dr.Reddy 2152 2214 ‐2.78

AdvanceDeclineRatio

BSE NSE

Advances 689 392

Declines 2061 1415

Unchanged 163 52

InstitutionalFlows(Equity)

Description(Cr) YTD

FIIFlows* 6937

MFFlows** 14375

*16

Feb2018;**14

Feb2018

EconomicIndicator

YoY(%) Current YearAgo

WPI

2.84%

(Jan‐18)

4.26%

(Jan‐17)

IIP

7.10%

(Dec‐17)

1.90%

(Dec‐16)

GDP

6.30%

(Sep‐17)

7.50%

(Sep‐16)

20February2018

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

4.10%

(Sep‐17)

5.70%

(Jun‐17)

QuarterAgo

Inflow/Outflow

‐139

‐135

3.68%

(Oct‐17)

• According to media reports, state‐run Energy Efficiency Services Lt d

(EESL) plans to float a global tender for 10,00 0 electric vehicles that will

be deployed across the country. According to the EESL chief, state

governments and the C entral government have shown sufficient interest

on adoption of electric vehicles and making it mainstream.

• According to a private survey, short term financial conditions in India

deteriorated for the fourth quarter of the current fiscal ending Mar 31,

2018. The CII IBA Financial C o nditions Index stood at 53.2 for the quarter

ending Mar 31, 2018, as against 65.3 in the previous quarter. The fall can

be attributed to concerns of increase in domestic inflationary pressures,

decline of excess liquidity from the banking sector and lower possibility of

a rate cut by the Monetary Policy Committee in the near term. However,

market participants are optimistic of increase in foreign exchange

reserves and expects increase in money mobilization through the external

commercial borrowings, foreign currency convertible bonds, American

depositary receipts and global depository receipts.

• According to media reports, the government is likely to impose an anti‐

dumping duty of u p to $620 per tonne for five years on a chemical

imported from China that finds usage in pharma and fertilizer industry.

The consideration comes amid worries that the d omestic industry has

suffered material injury due to the dumping of the product. It needs to be

noted that imports of the material increased to 4,373 tonne during the

period of investigation (Jul 2015 to Sep 2016) from 4,011 tonne in 2013‐

14.

• Larsen and Toubro (L&T) announced that its construction arm h as

received orders from the Pune Municipal Corporation. As per the order

worth Rs. 16.8 billion, L&T’s construction arm will revamp the water

supply system in the city.

MarketsforYou

• Asian markets rose amid thin trading volume as markets in China and

Hong Kong remained shut due to the Lunar New Year holiday. Japanese

markets rose on the back of encouraging trade deficit data for Jan 2018.

Official data showed that Japan posted a merchandise trade deficit of

943.417 billion yen in Jan, an improvement of 13.6% from a year earlier

period. Today (As of Feb 20), Asian markets opened mostly lower after a

relatively quiet overnight session, due to U.S. markets being closed for a

holiday in the last session. Both Nikkei and Hang Seng were trading lower

1.00% and 0.86%, respectively (as at 8 a.m. IST).

• As per the last close, European market ended lower amid weak volumes

after rising in the last three t rading sessions. Market saw some stock

specific action as investors digested fresh quarterly earnings of

companies.

• As per the last close, U.S market was closed on account of President’s

day.

• Indian equity markets continued with the downward trend as investors

remained wary on the long‐term impact of major banking fraudulent

transaction case. This has weighed on the other public‐sector banks too

as some of them had exposure to the banking scam. Expiry of the futures

and options during the week and probability of a rate hike by the U.S.

Federal Reserve in Mar 2018 also kept investors on the sidelines.

• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.69% and

0.71% to close at 33,774.66 and 10,378.40, respectively. S&P BSE Mid‐

Cap and S&P BSE Small‐Cap fell 1.05% and 0.99%, respectively.

• The overall market breadth on BSE was weak with 2,061 scrips declining

and 689 scrips advancing. A total of 163 scrips remained unchanged.

• On the BSE sectoral front, S&P BSE Metal (‐1.60%) stood as the major

loser followed by S&P BSE Capital Goods (‐1.56%) and S&P BSE Industrials

(‐1.34%). S&P BSE Bankex (‐0.57%) al so remained weak as shares of

public sector banks were continued to remain under pressure on worries

of the fraud case at Punjab National Bank.

FIIDerivativeTradeStatistics 19‐Feb

(RsCr) Buy Sell OpenInt.

IndexFutures 2007.83 2073.98 21755.28

IndexOptions 83116.65 82147.72 86196.19

StockFutures 13238.42 13413.15 77440.58

StockOptions 9183.88 9305.47 8451.88

Total 107546.78 106940.32 193843.93

19‐Feb Prev_Day Change

PutCallRatio(OI) 1.07 1.07 ‐0.01

IndianDebtMarket

PutCallRatio(Vol) 0.78 0.84 ‐0.06

16‐Feb Wk.Ago Mth.Ago YearAgo

CallRate Closed 6.00% 5.93% 6.05%

CBLO Closed 5.93% 4. 61% 4.28%

Repo 6.00% 6.00% 6. 00% 6.25%

ReverseRepo 5.75% 5.75% 5.75% 5.75%

91DayT‐Bill Closed 6.33% 6.27% 6. 15%

364DayT‐Bill Closed 6.54% 6.53% 6.26%

10YearGilt Closed 7.50% 7.29% 6.85%

G‐SecVol.(Rs.Cr) Closed 46487 27684 19504

CurrencyMarketUpdate

1MonthCPRate Closed 6.89% 6. 89% 6.76%

3MonthCPRate Closed 7.78% 7. 58% 7.10%

5YearCorpBond Closed 7.85% 7.79% 7.37%

1MonthCDRate Closed 6.26% 6.23% 6.17%

3MonthCDRate Closed 7.23% 7.03% 6.40%

1YearCDRate Closed 7.50% 7.36% 6.61%

CommodityMarketUpdate

Currency 19‐Feb Prev_Day Change

USD/INR Closed 63.91 NA

GBP/INR Closed 90.31 NA

EURO/INR Closed 80.17 NA

InternationalNews

JPY/INR Closed 0.60 NA

Commodity 19‐Feb WkAgo Mth.Ago YearAgo

NYMEXCrude($/bl) Closed 59. 39 63.33 53.36

BrentCrude($/bl) 64.19 62.14 68.71 54.12

Gold($/oz) 1346 1323 1331 1235

Gold(Rs./10gm) 30635 30063 29958 29412

Source:ICRONResearch

MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.

20February2018

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 t heir 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

• Debt market remained closed on the occassion of Chhatrapati Shivaji

Maharaj Jayanti.

• A report from the U.S. Labor Department showed that import prices

surged up by 1.0% in Jan 2018 after edging up by a revised 0.2% in Dec

2017 (0.1% increase originally reported). Export prices also increased

0.8% in Jan 2018 compared with an i ncrease of 0.1% in the previous

month (0.1% originally reported).

• A report from the U.S. Commerce Department showed that housing

starts grew 9.7% to an an nual rate of 1.326 million in Jan 2018 after

coming down 6.9% to a r evised 1.209 million i n Dec 2017 (1.192 million

originally reported for the previous month). Building permits also grew

7.4% to an annual rate of 1.396 million in Jan 2018 from 1.300 million in

Dec 2017.

MarketsforYou

• Nifty Feb 2018 Futures w ere at 10,378.55 points, a premium of 0.15

points above the spot closing of 10,378.40. The turnover on NSE’s Futures

and Options segment went up from Rs. 6,87,265.97 crore on Feb 16 to Rs.

8,68,372.26 crore on Feb 19.

•ThePut‐Call ratio stood at 0.75 against previous session’s close of 0.82.

• The Nifty Put‐Call ratio stood unchanged from the previous session’s

close of 1.07.

• O pen interest on Nifty Futures st ood at 27.92 million as against the

previous session’s close of 27.52 million.

• The domestic currency market remained closed on account o

Chhatrapati Shivaji Maharaj Jayanti.

• The euro strengthened against the greenback on concerns over a

possible rise in fiscal deficit in the U.S. following the recent

announcement of infrastructure spending and large corporate tax cuts.

Euro rose 0.10% and was trading at $1.2416, down from t he previous

close of 1.2404.

• Gold prices traded flat as the safe haven appeal of the bullion was

neutralized to some extent after data showed that U.S. homebuildin

increased to more than a 1‐year high in Jan 2018.

• Brent crude prices traded higher following speculations over renewed

political tension in the Middle East.

Thank you for

your time.