GlobalIndices 23‐Jan Prev_Day Abs.Change
DowJones 24,576 24,404 171 0.70
Nasdaq 7,026 7,020 5 0.08
FTSE 6,843 6,901 ‐59 ‐0.85
Nikkei 20,594 20,623 ‐29 ‐0.14
HangSeng 27,008 27,005 3 0.01
IndianIndices 23‐Jan Prev_Day Abs.Change
S&PBSESensex 36,108 36,445 ‐336 ‐0.92
Nifty50 10,832 10,923 ‐91 ‐0.84
Nifty100 11,035 11,124 ‐90 ‐0.80
NiftyBank 27,251 27,482 ‐232 ‐0.84
SGXNifty 10,859 10,920 61 ‐0.56
S&PBSEPower 1,912 1,936 ‐24 ‐1.24
S&PBSESmallCap 14,309 14,332 ‐22 ‐0.16
S&PBSEHC 14,067 14,005 62 0.44
Date P/E Div.Yield P/E Div.Yield
23‐Jan 23.71 1.17 26.32 1.25
MonthAgo 23.49 1.21 26.02 1.24
YearAgo 26.24 1.06 27.81 1.02
Company 23‐Jan Prev_Day
SunPharma 431 419 2.88
YesBank 197 192 2.63
ZeeEnte. 433 425 1.79
Nifty50Top3Losers DomesticNews
Company 23‐Jan Prev_Day
ITC 277 290 ‐4.30
GrasimIndus 782 804 2.76
IndiabullsHFC 779 797 ‐2.34
Advances 1057 677
Declines 1487 1073
Unchanged 145 112
Description(Cr) YTD
FIIFlows* ‐3616
MFFlows** 5482
YoY(%) Current YearAgo
Sensex Nifty
Indian equity markets closed in the red amid global tensions and weak
corporate earnings. On the global front, U.S.‐China trade tensions re‐
emerged as media reports claimed a meeting between the two has been
cancelled, though U.S. officials denied the same. On the domestic front, a
major fast moving consumer goods company’s earnings falling short of
expectations spooked investors.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.92% and
0.84%, respectively, to close at 36,108.47 and 10,831.50, respectively.
S&P BSE Mid‐Cap and S&P BSE Small Cap lost 0.28% and 0.16%,
The overall market breadth on BSE was weak with 1057 scrips
advancing and 1487 scrips declining. A total of 145 scrips remained
On the BSE sectoral front, only two sectors gained today. S&P BSE
Metal was the major gainer, up 0.63%, followed by S&P BSE Healthcare,
up 0.44%. S&P BSE FMCG was the major loser, down 1.38%. FMCG came
under fire as a sector leader lost after posting below expectation earnings
for the third quarter.
A United Nations (UN) report has said India's economy is expected to
grow at 7.4% during 2018‐19 and improve to 7.6% in 2019‐20. The United
Nations' World Economic Situation and Prospects 2019 report expects
India's gross domestic product (GDP) to expand by 7.4% in 2020‐21. The
report said growth continues to be supported by robust private
consumption, a more expansionary fiscal stance and benefits from earlier
reforms. It said a sustained recovery of private investment is crucial to lift
medium‐term growth.
The Reserve Bank of India (RBI) has made amendments to FEMA
regulations wherein now foreign companies in defence, telecom,
information & broadcasting, and private security sectors will not require
the central bank’s approval to open branch offices. These entities need to
have an approval of the regulator and the ministry concerned. The
amendments come after the Press Note issued by the Commerce and
Industry Ministry in 2016.
Union agriculture minister said the government is planning to link
22,000 mandis pan India with the National Agriculture Market (e‐NAM),
which is an online trading platform for agricultural commodities, by 2021
22. The minister said 585 mandis have already been linked with e‐NAM.
The government is implementing many programmes to develop the
agricultural sector and improve the economic condition of farmers.
The Telecom Regulatory Authority of India (TRAI) has launched a web
application for direct to home (DTH) and cable TV subscribers. This will let
them preview their new subscription packs and prices. TRAI will soon
rollout a new tariff regime under which customers can select and pay for
individual TV channels they want to watch. Also, the application has an
optimisation service that could help subscribers cut their TV bill.
Asian equity markets were subdued on concerns over U.S.‐China trade
negotiations. Anxiety re‐emerged after reports that the White House has
cancelled a trade planning meeting with Beijing, scheduled in the week.
Though U.S. economic adviser denied the report and said the two sides
were on track to have "very, very important" high‐level talks at the end of
Jan 2019. Today (as of Jan 24), Asian markets opened on a cautious note
amid uncertainty over the outlook for the global economy and the
ongoing U.S.‐China trade talks. Both Nikkei and Hang Seng were trading
slightly higher 0.1% and 0.03%, respectively (as at 8 a.m. IST).
As per the last close, European markets fell as market participants
largely remained cautious amid concerns about global growth and
uncertainty over Brexit and U.S.‐China trade discussions.
As per the last close, U.S markets rose marginally amid volatility
following positive reaction to Dec quarterly results from several of the
companies of the blue chip index. However, gains were limited as market
participants remained uncertain about the economic impact of the
ongoing U.S. government shutdown.
FIIDerivativeTradeStatistics 23‐Jan
(RsCr) Buy Sell OpenInt.
IndexFutures 1811.04 2271.48 38319.11
IndexOptions 70417.96 68565.45 67643.80
StockFutures 14162.84 13399.12 86391.19
StockOptions 11291.74 11467.58 11182.78
Total 97683.58 95703.63 203536.88
23‐Jan Prev_Day Change
PutCallRatio(OI) 1.43 1.53 ‐0.10
PutCallRatio(Vol) 1.05 0.96 0.09
23‐Jan Wk.Ago Mth.Ago YearAgo
CallRate 6.43% 6.42% 6.45% 5.89%
T‐Repo 6.52% 6.45% 6.48% ‐‐
Repo 6.50% 6.50% 6.50% 6.00%
ReverseRepo 6.25% 6.25% 6.25% 5.75%
91DayT‐Bill 6.60% 6.60% 6.65% 6.32%
364DayT‐Bill 6.80% 6.83% 6.95% 6.46%
10YearGilt 7.58% 7.56% 7.28% 7.25%
G‐SecVol.(Rs.Cr) 28124 38579 34307 51143
FBILMIBOR* 6.55% 6.50% 6.59% 6.02%
3MonthCPRate 7.60% 7.60% 7.20% 7.58%
5YearCorpBond 8.48% 8.47% 8.21% 8.00%
1MonthCDRate 6.70% 6.67% 6.97% 6.25%
3MonthCDRate 7.04% 7.16% 6.95% 7.16%
1YearCDRate 7.96% 7.81% 8.16% 7.44%
Currency 23‐Jan Prev_Day Change
USD/INR 71.20 71.38 0.17
GBP/INR 92.21 91.90 0.31
EURO/INR 80.94 81.04 ‐0.10
JPY/INR 0.65 0.65 0.00
Commodity 23‐Jan WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 52.39 52.03 45.33 64.40
BrentCrude($/bl) 61.39 59.45 51.87 70.05
Gold($/oz) 1282 1293 1256 1341
Gold(Rs./10gm) 32341 32351 31114 30058
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Nifty Jan 2019 Futures were at 10,854.90, a premium of 23.40 points,
over the spot closing of 10,831.50. The turnover on NSE’s Futures and
Options segment increased to Rs. 8,22,817.44 crore on Jan 23, 2019,
compared with Rs. 5,55,380.73 crore on Jan 22, 2019.
The Put‐Call ratio stood at 0.89 compared with the previous session’s
close of 0.88.
The Nifty Put‐Call ratio stood at 1.43 compared with the previous
session’s close of 1.53.
Open interest on Nifty Futures stood at 28.00 million as against the
previous session’s close at 27.95 million.
Bond yield rose on persisting concerns that the government may
announce a package for farmers ahead of general elections that are due
by May which may adversely impact the fiscal consolidation roadmap of
the country.
Yield on the 10‐year benchmark paper (7.17% GS 2028) increased 5 bps
to close at 7.58% as compared with 7.53% in the previous session after
trading in the range of 7.51% to 7.59%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 5,576 crore (gross) on Jan 23, 2019 compared
with a borrowing of Rs. 9,072 crore (gross) on Jan 22, 2019. Sale of
securities under RBI's reverse repo window stood at Rs. 10,091 crore on
Jan 22, 2019.
The Indian rupee rose against the U.S. dollar following selling of the
greenback by banks and exporters. However, losses in the domestic
equity market restricted further losses. The rupee closed at 71.34 a
dollar, up 0.14% compared with the previous close of 71.44.
The euro inched up against the greenback and was almost steady as
outcome of the European Central Bank monetary policy review due Jan
24, 2019.
Gold prices gained on uncertainty around the U.S.‐ China trade talks
after media reported that the U.S. has turned down a trade meeting with
Brent crude prices gained after the China indicated that the
government would raise its fiscal spending to support the growth.
According to a report from the National Association of Realtors, U.S.
existing home sales fell 6.4% to an annual rate of 4.99 million in Dec
2018 as against a gain of 2.1% to a revised rate of 5.33 million (5.32
million originally reported) in Nov 2018. This marked the lowest level
since Nov 2015.
A report from the Ministry of Finance showed that Japan had a
merchandise trade deficit of 55.286 billion yen in Dec 2018 as against a
shortfall of 737.7 billion yen in Nov 2018. Exports were down 3.8% on
year to 7.023 trillion yen as against a gain of 0.1% in Nov. Meanwhile,
imports grew 1.9% annually to 7.079 trillion yen as against a gain of
12.5% in Nov.
Thank you for
your time.