25 Feb 2019
Markets for You
Global Indices
Global Indices 22-Feb Prev_Day Abs. Change
% Change
#
Dow Jones 26,032 25,851 181 0.70
Nasdaq 7,528 7,460 68 0.91
FTSE 7,179 7,167 11 0.16
Nikkei 21,426 21,464 -39 -0.18
Hang Seng 28,816 28,630 186 0.65
Indian Indices 22-Feb Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,871 35,898 -27 -0.07
Nifty 50 10,792 10,790 2 0.02
Nifty 100 10,937 10,925 12 0.11
Nifty Bank 26,868 27,052 -185 -0.68
SGX Nifty 10,816 10,796 20 0.19
S&P BSE Power 1,814 1,793 21 1.17
S&P BSE Small Cap 13,518 13,414 104 0.77
S&P BSE HC 13,586 13,507 79 0.59
Date P/E Div. Yield P/E Div. Yield
22-Feb 22.92 1.20 26.32 1.25
Month Ago 23.93 1.15 26.54 1.24
Year Ago 23.34 1.18 25.49 1.09
Nifty 50 Top 3 Gainers
Company 22-Feb Prev_Day
% Change
#
Indian Oil 137 131 4.65
HPCL 231 223 3.59
Yes Bank 222 215 3.18
Nifty 50 Top 3 Losers Domestic News
Company 22-Feb Prev_Day
% Change
#
Kotak Bank 1238 1289 -3.98
GAIL 327 332 -1.37
RIL 1232 1247 -1.17
Advance Decline Ratio
BSE NSE
Advances 1634 1226
Declines 910 589
Unchanged 141 85
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -2223
MF Flows** 16304
*22
nd
Feb 2019; **21
st
Feb 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.05%
(Jan-19)
5.07%
(Jan-18)
IIP
2.40%
(Dec-18)
7.30%
(Dec-17)
GDP
7.10%
(Sep-18)
6.30%
(Sep-17)
25 February 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
Sensex
Nifty
4.60%
(Sep-18)
8.20%
(Jun-18)
Quarter Ago
Inflow/Outflow
454
-338
3.38%
(Oct-18)
• Niti Aayog vice chairman is in favour of setting up an independent debt
management office. He has also pitched for separating different aspects of
the Reserve Bank of India's responsibilities. The vice chairman said that
India's gross domestic product (GDP) will be growing at more than 7% in
the coming years. The time for an independent debt management office
may have come, he said.
• According to media reports, the government plans to address taxation-
related pain points and reduce the number of tax litigations, while
focusing on some of the major issues that may lead to revenue
generation. The Central Board of Direct Taxes (CBDT) has made a four-
member committee, in the leadership of income tax commissioner to
examine the matter and submit its final report and recommendations by
middle of Mar 2019. The committee is looking to tackle the issue in a two-
prong way — addressing some current pain points and recommending
some steps borrowed from international best practices, the report said.
• The Indian real estate sector could grow over fivefold to $650 billion by
2040 and its share in the India’s gross domestic product (GDP) is set to
double from the current 7%, Niti Aayog vice chairman said. He said the
government would take steps to make sure that the real estate sector
grows and develops further so that the industry contributes even more to
the economy.
• A consortium of banks is considering an interim funding of Rs. 500 crore
for Jet Airways (India) Ltd. Final decision is yet to be taken, Punjab
National Bank (PNB) managing director said. PNB is part of the lenders'
consortium, which is led by State Bank of India (SBI). SBI has extended
loans to the airline.
• According to reports, Uber Eats is close to a deal to sell its Indian
business to Bengaluru-based Swiggy. The share-swap deal is expected to
close by Mar 2019 and will give Uber a 10% stake in food delivery service
Swiggy. Uber Eats is the food delivery arm of ride-hailing app Uber
Technologies Inc.
Markets for You
• Asian equity markets were mixed as investors pinned hopes on Chinese
stimulus on the one hand and weak economic readings from the U.S. and
Europe made them anxious on the other. Investors are closely tracking
high-level talks between the U.S. and China. China gained after data
showing new home prices growth fell to a nine-month low in Jan 2019
boosted stimulus hopes. Today (as of Feb 25), Asian markets opened
higher amid trade optimism after U.S. President announced delay of
additional tariffs on Chinese goods that were due on Mar 1. Nikkei and
Hangseng rose 0.72% and 0.63%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed higher amid optimism
that U.S. and China will reach a trade deal in the future as the two nations
reportedly begun framing commitments on some of the most important
aspects. However, reports that trade tensions between the U.S. and
Europe may increase, restricted the gains.
• As per the last close, U.S markets closed almost higher due to optimism
about ongoing trade talks between the U.S. and China. Gains in tobacco,
computer hardware and networking stocks boosted the indices..
• Indian equity markets ended flat in a volatile session. Investors became
worried over the Reserve Bank of India’s meeting minutes showing
Monetary Policy Committee members are concerned about growth in the
country.
• Key benchmark indices S&P BSE Sensex lost 0.07% and Nifty 50 gained
0.02%, to close at 35,871.48 and 10,791.65, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap gained 0.38% and 0.77%, respectively.
• The overall market breadth on BSE was strong with 1634 scrips
advancing and 910 scrips declining. A total of 141 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Metal was the major gainer, up
1.62%, followed by S&P BSE Auto and S&P BSE Realty, up 1.55% and
1.38%, respectively. S&P BSE Power and S&P BSE Basic Materials gained
1.17% and 1.01%, respectively. S&P BSE Bankex was the major loser, down
0.43%, followed by S&P BSE Finance and S&P BSE Consumer Durables,
down 0.31% and 0.18%, respectively.
FII Derivative Trade Statistics 22-Feb
(Rs Cr) Buy
Sell Open Int.
Index Futures 2756.76 3229.13 30866.05
Index Options 160200.01 158636.77 63659.42
Stock Futures 12008.66 11707.78 91189.66
Stock Options 7753.07 7913.80 10976.46
Total 182718.50 181487.48 196691.59
22-Feb Prev_Day
Change
Put Call Ratio (OI) 1.37 1.38 -0.01
Indian Debt Market
Put Call Ratio(Vol) 0.99 0.98 0.01
22-Feb Wk. Ago Mth. Ago
Year Ago
Call Rate 6.34% 6.24% 6.43% 5.94%
T-Repo 6.32% 6.27% 6.52% NA
Repo 6.25% 6.25% 6.50% 6.00%
Reverse Repo 6.00% 6.00% 6.25% 5.75%
91 Day T-Bill 6.30% 6.38% 6.54% 6.32%
364 Day T-Bill 7.53% 6.45% 6.80% 6.62%
10 Year Gilt 7.60% 7.58% 7.53% 7.75%
G-Sec Vol. (Rs.Cr) 32550 30256 30725 31124
Currency Market Update
FBIL MIBOR 6.35% 6.28% 6.55% 6.05%
3 Month CP Rate 7.75% 7.55% 7.60% 7.89%
5 Year Corp Bond 8.51% 8.46% 8.48% 8.21%
1 Month CD Rate 6.50% 6.43% 6.75% 6.25%
3 Month CD Rate 7.37% 7.33% 7.09% 7.26%
1 Year CD Rate 7.73% 7.80% 7.95% 7.52%
Commodity Market Update
Currency 22-Feb Prev_Day
Change
USD/INR 71.22 71.15 0.06
GBP/INR 92.83 92.72 0.11
EURO/INR 80.75 80.62 0.13
International News
JPY/INR 0.64 0.64 0.00
Commodity 22-Feb Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 56.98 55.53 52.54 62.69
Brent Crude($/bl) 67.45 66.04 61.24 65.96
Gold( $/oz) 1328 1321 1285 1331
Gold(Rs./10 gm) 33252 33193 32324 30384
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
25 February 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
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Feb 2019 Futures were at 10,808.80, a premium of 17.15 points,
over the spot closing of 10,791.65. The turnover on NSE’s Futures and
Options segment decreased to Rs. 4,64,334.36 crore on Feb 22, 2019,
compared with Rs. 15,14,786.09 crore on Feb 21, 2019.
• The Put-Call ratio stood at 0.88, compared with the previous session’s
close of 0.82.
• The Nifty Put-Call ratio stood at 1.37 compared with the previous
session’s close of 1.38.
• Open interest on Nifty Futures stood at 23.62 million as against the
previous session’s close at 24.05 million.
• The Commerce Department showed a significant increase in U.S.
durable goods orders in Dec 2018. The report said durable goods orders
increased 1.2% in Dec after jumping 1.0% in Nov 2018.
• Labor Department data showed first-time claims for U.S.
unemployment benefits fell more than expected in the week ended Feb
16, 2019. The report said initial jobless claims dropped to 216,000, a
decrease of 23,000 from the previous week's unrevised level of 239,000.
• A Conference Board report showed a modest drop by its reading on
leading U.S. economic indicators in Jan 2019. The Conference Board said
its leading economic indicators edged down 0.1% after coming in
unchanged in Dec 2018.
Markets for You
• Bond yields rose due to feeble demand at the auction. Concerns over
widening fiscal deficit and heavy borrowing plan of Rs. 7.10 trillion by the
government for the next financial year continue to weigh down on the
market sentiments.
• Yield on the existing 10-year benchmark paper (7.17% GS 2028) rose 6
bps to close at 7.60% as compared with the previous session’s close of
7.54% after trading in the range of 7.52% to 7.61%.
• Yield on the upcoming new 10-year benchmark paper (7.26% GS 2029)
rose 6 bps to close at 7.41% as compared with the previous session’s close
of 7.35% after trading in the range of 7.35% to 7.43%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 23,820 crore (gross) on Feb 22, 2019, compared
with Rs. 3,858 crore (gross) as on Feb 21, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 16,384
crore on Feb 21, 2019.
• The Indian rupee rose against the greenback on hopes over U.S.-China
trade talks. The rupee closed at 71.14 a dollar, up 0.15% compared with
the previous close of 71.25.
• The euro edged higher on optimism over improving U.S.-China trade
relations with the U.S. President and the Chinese Vice Premier scheduled
to meet in Washington. The euro was last seen trading at 1.1344 a dollar,
up 0.09% compared with the previous close of 1.1334.
• Gold prices were subdued following the minutes of the U.S. Federal
Reserve’s policy meeting held in Jan which renewed expectation of
interest rate hike this year.
• Brent crude prices stood firm on optimism over U.S. and China trade
talks to resolve their trade differences.
Thank you for
your time.
